BTCUSDT RANGEBTCUSDT is once again in a range...
I am currently in a LONG position on BTCUSDT so luckily I am already in profit on this trade as I entered on the BIG VOLUME CANDLE.
Once again, that is what we are looking for, either candles with LARGE VOLUME going long, or short.
This is a perfect time to move up our SL and liquidate some of the position, as RANGES leave you in unknown territory.
Btcusdanalysis
BITCOIN Is Bullish! Heading To the Highs!After breaking the ATH (All Time High) in March, BTC has formed the a huge Bear Flag, incrementally retracing to a Weekly bullish FVG (Fair Value Gap). The +FVG has proved to be resilient, holding price from going lower... and now price is rallying from said +FVG.
Friday, price formed another +FVG on the Daily TF. This is the bullish indicator I look for to get a sense of the order flow. Should price pullback into the Daily +FVG, it will use it to move higher toward the ATH.
ICT has taught that price will move towards the "smooth edges" when seeking liquidity. Look at the path to the ATH. It is a series of highs that at relatively close together. Compare that to the lows. Price had a hugh heat seeking liquidation wick to sweep the sell side liquidity before moving higher.
The liquidity pools are above now.
Price moves from IRL->ERL->IRL. This is how a trend works. HH->HL->HH.
Price is now moving from Internal Liquidity (FVGs) to External Liquidity (HIghs/Lows). This is how the market moves. It's all about the liquidity.
BTC got stuck at $64k.Hello traders,
Here's a quick update on BTC in the 2-hour timeframe.
BTC recently rallied up to FWB:65K and formed resistance at $64.4k. So far, BTC has maintained support at $63.9k and is continually attempting to break above the resistance.
The RSI is losing momentum, with a decline in the graph indicating a bearish sentiment.
BTC needs to break above the $64.4k resistance to continue the rally. A rejection will likely pull the price down to $61.5k, where we have a support trendline.
Make sure to do your own research and analysis before investing.
Regards,
Team Dexter.
BTC broke out of its 2-3 weeks rangeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
BTC is in downwards channel. if bullishness persist and with weak USD. could see it testing 68-69k area.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Bitcoin - Buyers Are Still In ControlBITSTAMP:BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin.
Click link above to see detailed analysis 👆🏻
For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions.
Levels to watch: $60.000
Keep your long term vision,
Philip - BasicTrading
BTC Short Term Swing Short into Bullmarket Long. (56k)In this video, I break down a strategic short-term swing trade that could be catalyzed by the upcoming speech from Federal Reserve Chair Jerome Powell. Such events are known to introduce significant market volatility, offering a prime setup for a potential trade.
We'll analyze key levels that could signal a strong entry point, with a particular focus on a long trade that may pave the way for a broader bullish trend. This analysis aims to position us ahead of market movements, enabling us to capitalize on any emerging opportunities.
Stay tuned as I detail how to approach this setup with precision. If you're looking to enhance your trading strategy and stay ahead of market shifts, this is a must-watch.
Don't forget to follow this channel and enable notifications to stay updated on critical market insights and trading opportunities.
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana.
And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps.
Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed.
I also share potential paths, likely a dip first, then push higher toward ATH.
And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market.
Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here.
Let me know what you think, and please like the video.
Bitcoin Update: Possible ScenariosBitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move.
Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in the upcoming month.
I find the scenario of support at $37K more probable than the other two scenarios:
a bounce back from the $44K level
or in a bullish scenario, breaking the last high at $70K to make new highs towards $100K
DYOR
BTC Technical analysis:Bitcoin's 2-hour chart shows a period of consolidation after a notable dip and subsequent recovery. The price is currently holding above $60,000, indicating some stability, but the RSI is hovering around 50, suggesting a lack of strong momentum in either direction. The MACD shows a bearish crossover with the histogram in the red, which could signal potential downward pressure if bulls don't step in soon. However, the overall picture suggests we're in a wait-and-see phase, with price action potentially coiling for a bigger move. Keep an eye on key support levels around $58,000 and resistance near $62,000.
BTC Trend AnalysisCRYPTOCAP:BTC is currently trading around $60,410 after a recent drop from the $61,000 level. The 1-hour chart shows that BTC faced resistance near $61,500, leading to a downward correction. Immediate support is found around $60,000, with a further drop possibly targeting the $59,000 level. On the upside, a break above $61,500 could push BTC towards the next key resistance at $63,000. The market is currently indecisive, so keep an eye on these levels for potential breakout or breakdown signals.
BTC USD Daily trades// scalp setup long# hello TRADERS , hope you’re doing well
This our scalp setup for today no further analyses of the entry since this position is lower-timeframe Based
######### POSITION SETUP ########
recommended leverage: X5
ENTRY POINT :60374
SL:59666
TP:61870
### Not financial advice disclaimer ###
#You can use leverage at your own responsability and according to your risk management strategy
## remember to stay informed and make decisions based on your own research. always, trade with caution
## Do not forget to put Stop loss for your positions
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BITCOIN UPDATE - NOT Yet BullishHello guys,
Current BTC position: SHORT
Sorry, I have been busy trading the Indian stocks and options and not trading a lot of Crypto after the recent WazirX exchange Hack!
On 4H time frame the BTC is still not in the bullish zone.
Bullish confirmation is only above the price $62,000
Support and resistance levels have been marked on the chart for your reference.
BTC - Yet to show clear signs of recovery. BTC trades around $61k, potentially finding support after breaking sloping resistance. However, resistance can be expected around 4HR 200MA or $63k-$64k. Closing above that could really signal strength… Currently still in bearish territory, BTC has yet to show that decisive break or bullish signal. $58k can still be expected if support is lost.
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020.
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation.
😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000
4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC
Write comments under the idea and put 🚀 to subscribe, and watching how it will work out.
And the more reactions will be under this idea, the more interesting idea updates we will make ;)
BTC SHORT The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly.
Trade Setup:
Stop Loss: Place a stop loss just above the 62,500 USDT level to protect against potential false breakouts above the resistance zone.
The initial target for this trade would be around the 55,940.7 USDT level, where there is an imbalance wick, which could serve as the first point of profit-taking. Further downside targets could be around the 48,889.4 USDT level, representing a more extended move.
Risk/Reward: This setup offers a favorable risk/reward ratio, as the downside potential outweighs the risk if the resistance level holds.
Additional Notes:
- If price breaks and holds above the 62,121.2 USDT level, reconsider the short idea as it would invalidate the current bearish setup/structure.
Has Bitcoin made its final decision?Based on the previous analysis, and given that we've closely monitored the volume and price movements, a push towards 68K seems much more likely. With proper risk management, entering a position could be a solid option. However, this is merely a suggestion, and it's important to remember that the market comes with its own risks.
BTC Technical analysisIt looks like Bitcoin has formed a rising wedge pattern on the 2-hour chart, which typically indicates a potential bearish reversal. The pattern has already reached its second top, and the price seems to be breaking down from the wedge. The target for this breakdown could be around $56,000, which aligns with the support zone from earlier price action. The RSI is near overbought territory, suggesting that the momentum might be fading, and the MACD is showing early signs of a bearish crossover. Keep an eye on the volume to confirm this breakdown; if it picks up, we might see a sharper decline.
BTCUSDT Facing Repeated Rejections at 200 EMABTCUSDT Technical analysis update
BTC price has been rejected multiple times from the 200 EMA on the 4-hour chart. This time, we can expect a breakout and a bullish move.
Bitcoin price has formed a triangle pattern on the 4-hour chart and is now moving toward a breakout
Regards
Hexa
Bullish H n S for Bitcoin. Already retested!. Could POP hard
I was watching this one yesterday for BTCUSD but there was an opposing bearish Head n shoulder's pattern and the Bitcoin price really softened.
Take a look.
Trade entry: Look for increased volume & a bullish candle on approach to neckline.
Good luck,
Chris