BTC BITCOIN Technical Analysis and Trade Idea👀 👉 In this video, we explore BTC, which has recently exhibited bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am closely monitoring whether the price holds below the current range low. If a breakout occurs, I plan to enter a sell position, as explained in the video. However, if the price action doesn't align with the discussed setup, there will be no trade.
It's essential to understand that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is crucial, as emphasised in the video. The analysis offers an in-depth look at the current trend, market structure, and price behaviour. Remember, this content is for educational purposes and does not guarantee success. Trading involves significant risks, so always implement strong risk management strategies. 📈✅
Btcudst
Bitcoin analysis - short term idea (longer term included)I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss.
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.
Boost and follow for more ideas! Thanks!
BTC accumulation in distribution phaseBTC is trading in channel from couple of months that is forcing BTC to trade between consolidation phase between a ranging channel that is acting as support and resistance. Further price movement is forming bullish flag pattern and also cup and handle price formation on longer term charts that suggest channel support is likely to act as support and bounce towards 58000 - 63000 - 67000 - 69000 is likely.
#BTC/USDT#BTC
Bitcoin price is moving in an upward trend on the 4-hour frame since the beginning of the month
The price is strongly adhering to the trend line. Now we have a slight breakout downwards. We are waiting for a rebound from it upwards and a 4-hour close above the trend to confirm the rise and respect the trend
We have so far stability above the 100 moving average, which supports the possibility of rising
We have a retest of the broken downtrend on the RSI indicator
Which gives a selling saturation and increases the chances of rising
Current price 66320
The target of rising on two targets
The first target is 68000
The second target is 69800
The model is canceled in the event of a 4-hour candle closing below 65000
#BTC/USDT#BTC
The price is moving in an uptrend with great success and is expected to continue rising based on the uptrend
It is expected to touch the trend at the current price of 67800 and continue rising
This rise is supported by relying on the uptrend on the RSI indicator
Also, stability above the moving average 100 increases the possibility of rising to the level of 71900 as a target
#BTC/USDT#BTC
Bitcoin price has been moving in an upward trend on the four-hour frame since the beginning of July
The price has now touched the rising trend and produced a reversal candle on a 4-hour frame
It is expected to retest the level that the price reached two days ago
Our target is at 68186
This is supported by the bearish saturation of the RSI aperture
The rise also supports stability above the Moving Average 100
And stability is above the current trend
The pattern is canceled
if it closes 4 hours below the upward trend in orange
BTC FIRST Target 72,200Bitcoin Daily Frame First Target Loading ...
This is daily frame bitcoin analysis with 90 % success rate for hitting the first target
i have more than 8 years of experience in this market and im glad to be back and help you guys
with my analysis also let me know if you need any pair hope you like it
BTCUSDT.P NY AM ICT MODEL 13/07/24 SUNMy short time bias is still bullish for BCT
I'm anticipating if there will be some repricing on the discount side of the range (hourly and below). There was a dip once around discount array yes, but that was not too far from equilibrium point of the range.
which is good, if after that pricing market went upside parabolically.
but since this is Sunday, no news to drive the market to be volatile, I'm still expecting price to drop and then rejected from hourly +OB.. or after hitting the CE on 15m imbalance price will go upside.
for the next few hours I'm placing my orders on two levels; 15m SIBI-CE and 1h +OB, with my exits on the current leg's high and stops on opening price of 1h +OB
I'll take partials for the former and full exits for the latter
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we analyze BTC Bitcoin. It's evident that BTC has been showing strong bearish momentum in recent times. However, considering today is Friday, I anticipate a potentially sharp retracement as big money wind up their trades for the week and hit stops for liquidity. My strategy involves monitoring the 3-5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
BTC history similarly but not exactly repeatingCompare the EMAs crossings and the MACD trends now and then. Note it is a 3 day chart.
I used EMA 50 smoothing input SMA 10.
Presumably, I should short for a little while... (Thinking aloud, not financial advise).
Meanwhile, you can listen "Now and Then" from The Beatles.
And after that, "History Repeating" by Propellerheads feat. Miss Shirley Bassey.
This is musical advise.
DYOR... and kindly leave your thoughts below.
:-)
$BTC symmetrical tringle bullish pattern?CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient.
The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the chart.
However, the signs of a reversal are present, assuming that the selling pressure will stop.
The CMF is at the bottom, showing fear, and since it cannot go lower, it should recover. The RSI on the daily is close to the bottom, indicating a soon reversal to the upside.
In case of continued selling pressure, an invalidation of the chart would bring the support to the EMA 200 at 58k. Let's hope that does not happen.
BTC 2week trading strategy May 27- June 10No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season.
Best-case:
BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short violet dotted line). This trend will continue going upwards to break ATH or at least it will be transformed into a range between 66450 and 70500 before breaking ATH.
Base-case:
There will be a deeper pull-back to 64500, as a consolidation before ATH break. Overall the decline will be temporary and not too deep to break the medium-term trend which started on the 11th of Sep 2023 (long violet dotted line).
Worst-case:
Deeper pull-back to the current key supoprt zone (green rectangle) which will confirm that short-term and medium-term trends are over and the longer consolidation will be needed to break ATH (similiar to summer 2023).
Trading strategy:
Stop-limit at 69650 for the best-case scenario.
however entering the market with 1/3 of max risk per trade
limiting exposure to the worst-case of price locking in medium-term range (56500-72500)
preserving flexibility to make another entry for base-case in case of a deeper pull-back to 64800, or after ATH break-out at a higher price.
in case of the worst-case confirmed, reconsider whether it's still reasonable to hold the trade
stop-loss below 50000 for a black-swan event to protect deposit from margin call. It is highly unlikely that this stop-loss will be trigerred accidently for the coming two weeks.
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward.
I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels.
Here’s a brief overview of what we cover:
📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points.
📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation.
📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels.
Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions.