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#BTCUSDT #BTCUSDT Potential Deep Correction Looms Following a significant surge, Bitcoin has undergone a dramatic decline, signaling a possible deep corrective wave. This sharp fall has engulfed several candles, suggesting strong selling pressure. The presence of a valid and robust bearish engulfing candlestick pattern (CH) further reinforces this potential correction. Additionally, two significant Fair Value Gaps (FVGs) reside at the bottom, acting like magnets, potentially attracting the price downward. The analysis identifies short-term Take Profit (TP) targets. However, its validity ceases once a daily candle closes above the supply zone. Therefore, traders should only consider sell or short positions within the established supply range
Short
by CryptoAnalystSignal
AVAX LONG Future ForecastHello friends, With Bitcoin breaking its all-time high, we are on the verge of entering a mega bull season. While Bitcoin has led the bull run so far, and although the altcoin market has shown some upward movement, it's premature to say that the altcoins' rally has begun. I believe the real surge for altcoins will start from today onwards. AVAX, which has shown strong performance even during the pre-ATH bull season, I anticipate will continue its performance more efficiently in the coming days. Looking at the situation technically, in the short term, we are within a cup and handle formation, and we have reached our initial target of (50.03$). If we break the target resistance, the RSI on the 4-hour and daily charts will turn into overbought territory from the 70 levels, and according to the formation, our next target will be 59.20$, triggering overbought conditions on the daily chart and initiating a new daily uptrend wave. Easily, we will reach our current resistance levels (79.91$, 99.42$, 127.38$) and then ATH (148$) levels. Stay tuned for more gains, my friends! Wishing you all profitable trades.
Long
by KriptoTraderr
1
#BTCUSDT Long#BTCUSDT We have the cup model configured perfectly. The cup hand was formed and the breakout to the upside occurred We have upward momentum and there are target areas that can act as a resistance area as well as a rebound point if we fail to break through it. We have the 49,000 level as an initial target and resistance area at the same time If we succeed in breaching it, we have a target for the previous peak, level 68,000. In the event of a rebound from the 49,000 level, it is expected to touch the rising trend You must pay attention to the retracement areas to benefit from the best retracements. As well as exploiting the penetration of those levels
Long
by CryptoAnalystSignal
Scalping Idea For Trading Bitcoin today {10/03/2024}Educational Analysis says BITCOIN BTCUSD may move in this range for some time according to my technical. Broker - bit stamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 15-minute time frame has made Change of Character show signs of weakness of the bull run, maybe head short selling for discount level in 4 hour time frame, plus 1 min time frame has turned bearish also has Change of Character look on So I will be trading this pair for a 1:15 risk-reward ratio for short selling. Let's see what this pair brings to the table in the future for us. Btc Short at 69,196 Stop loss at 69,556 Take profit at 63,409 Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
Bitcoin Technical Analysis: Key Resistance and Potential RetraceBitcoin (BTC) has recently encountered a crucial resistance level at its previous all-time highs. Given this development, we anticipate a substantial retracement in price. However, our outlook remains optimistic, with the potential for a continuation towards the $80,000.0 mark. Our trading strategy involves closely monitoring the 1-week timeframe. Specifically, we aim to enter the market during the 50% to 61.8% Fibonacci retracement zone. Our profit target is set at 2R, emphasizing risk management and reward-to-risk ratios. Disclaimer: This analysis serves as an opinion and should not be construed as financial advice. Traders and investors should conduct their due diligence and seek professional counsel before making any trading decisions.
OANDA:BTCUSDLong
by fxtraderanthony
Bitcoin is still running, but it is close to its important resisWe are on the last day of the second month of the year, that is, the closing of the Bitcoin monthly candle. In the technical analysis that we presented today of Bitcoin, we have a look at the monthly candlestick and the important monthly resistance of Bitcoin and what should be done with this resistance. Bitcoin continues to flow and yesterday in the analysis we said that the closing hours of a time can always be associated with extreme volatility, and this can exactly apply to the monthly candle as well.
by karaco2022
78k: New ATH aheadBitcoin is pumping heavily since a few weeks and many traders are wondering when the next correction will happen. I expect a minimum target of 63'000 US-Dollars before a bigger correction. More likely from my point of view is a new ATH around 78'000 Dollars. This might happen close to the next halving in April when everyone expects a pump due to the event. But in reality, BTC will do the opposite and experience a 50-62 percent correction to around 58k and below. This would present a nice long opportunity. Once correction is done, BTC will pump heavily towards 6-digits. Thats what I think. Please let me know your thoughts. Best, Don Krypto
by DonKrypto
BTC/USDT BinanceBTC/USDT Binance 4H hollow candlesticks After a price rise of +25%, a Fibonacci channel has formed, combined with an Ascending triangle. As there are also new Support & Resistance points. From here, we can conclude the following: At the end of the Ascending triangle, there will be a price break out. The price must break the golden ratio of the Fibonacci channel so that moves to higher levels. We can see a hypothetical price future move from a repeated previous move (Bar Pattern / Fractal) from early November 2023. It is worth noting that the volume has increased significantly. Market Cap: $1.65T -0.04% 24h Vol: $45.94B -7.70% Dominance: BTC: 52.3% ETH: 16.3% Good Luck #CryptoHellas Team
by CryptoHellas
BTC BITCOIN Technical Analysis and Trade Idea#BTC's recent bullish run has been noteworthy. However, I'm watching for a potential buying opportunity if we see a decisive retracement down to the 61.8 Fibonacci level. A subsequent retest and failure of a range at the low around the current support level formed during that pullback would provide a strong entry signal for #Bitcoin. As always, it's crucial to remember the inherent risks of trading. Conduct your own thorough research, factoring in fundamental market drivers and the broader macroeconomic landscape alongside your technical analysis. Never neglect sound risk management strategies to protect your capital. Disclaimer: This analysis offers a technical perspective on BTC and should not be taken as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
OANDA:BTCUSDLong
by fxtraderanthony
BTC BITCOIN Technical Analysis & Trade IdeaBitcoin (BTC) has enjoyed a robust bullish run, but recent price action on the four-hour 4H chart indicates potential weakness. Since February 13th, BTC has entered a sideways consolidation phase. I'm anticipating a sell opportunity should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior swing lows. It's imperative to emphasize that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment. Disclaimer: This analysis presents a technical viewpoint on Bitcoin. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
OANDA:BTCUSDShort
by fxtraderanthony
2
And still falling until the newsIn the daily analysis of Bitcoin, we have a look at today's important news that has the possibility of extreme fluctuations in the market. This digital currency, due to the pumpy growth it showed in the last week, now has the possibility of correction. Considering that we are in an important resistance range, maybe if you are a risk taker, it is better to stay away from the market for a few days until the task of this resistance range for the leader of digital currencies is determined, because we have reached the weekly resistance and the possibility of the failure of the fake ascending channel in the weekly time It will not be far from the expectation. Today, we have important news at 17:30 and 18:30, on the other hand, Bitcoin will reach an important support range, so we can hope for the growth of Bitcoin and enter with risk to a good reward as stated in this video. But in the daily time, according to today's analysis, there is still a risk of falling
by karaco2022
1
BTC BITCOIN Technical Analysis and Trade Idea (video)This is a full video explanation of my previous post. #BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes. The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high. Trade Suggestion: - Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement. - Consider short positions upon breakdown from the current range, targeting the Fibonacci zone. - Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively. Disclaimer: This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
OANDA:BTCUSDShort
by fxtraderanthony
BTC BITCOIN Technical Analysis and Trade Idea#BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes. The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high. Trade Suggestion: - Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement. - Consider short positions upon breakdown from the current range, targeting the Fibonacci zone. - Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively. Disclaimer: This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
OANDA:BTCUSDShort
by fxtraderanthony
5
BTC BITCOIN Technical Analysis and Trade IdeaMarket Observations: BTC/Bitcoin has experienced a remarkable bullish surge. However, the monthly timeframe indicates potential overextension. Moreover, recent price action pushing into previous highs on both the monthly and weekly charts suggests a possible retracement towards the 50-61.8% Fibonacci zone. This area typically attracts increased liquidity, potentially encouraging long positions from institutional investors. Trading Considerations: Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade. Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot. Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
OANDA:BTCUSDLong
by fxtraderanthony
Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders. I think it's high time for bitcoin to go short!. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
9