BTC Bitcoin next entry position after dumpBTC Bitcoin next entry position after dump. I have 2 entries set up now to go long for a bounce to the daily level. The buy positions have already been set.
BTCUSDT.3S trade ideas
Analysis on BTCUSDTA good breakout, retest and down Bitcoin goes. There's also a divergence signalling Bitcoin down
Why Fear when Sentiment Cycle Indicator is here :)here is current performance and sharp decline from the top.. well sometime action speaks louder than words :)
is this a pulback?This could be another one of my scenarios and it’s a test of an indicator, not anything else.
CUP and HANDLE emerged in BTCUSD H1 outlookBTC/USD Technical Analysis:
A Cup and Handle reversal pattern has emerged on the BTC/USD chart, suggesting a potential trend reversal. The pattern is characterized by a rounded bottom (cup) followed by a smaller consolidation (handle).
Key points:
1. Cup: The rounded bottom of the cup is visible at 94553, forming a potential bottom. This level marks a significant support area, where buyers have previously stepped in to push prices higher.
2. Handle: The handle of the pattern has formed at 99343, representing a smaller consolidation phase. This level marks a crucial resistance area, where sellers have previously pushed prices lower.
3. Resistance: The upper boundary of the cup is at 101630, which is currently being tested. A breakout above this level could confirm the pattern and lead to a rally in BTC/USD.
4. Current Price: 101620, just below the resistance level. The current price action suggests that buyers are attempting to push prices higher, but sellers are still present, trying to defend the resistance level.
5. Target: 105450, which is the measured move of the cup. This level represents a potential target for the rally, should the pattern confirm.
The Cup and Handle pattern is a bullish reversal pattern, indicating a potential trend reversal. A breakout above the 101630 resistance level could confirm the pattern and lead to a rally in BTC/USD, with a potential target at 105450.
Trading Implications:
- A long position could be considered above the 101630 resistance level, with a target at 105450.
- A stop-loss could be placed below the 99343 handle, to limit potential losses.
- Traders should monitor the price action closely, as a breakout above the resistance level could lead to a rapid rally.
Best Wishes Tom 😎
BTC views on spot As it has been disclosed in the chart drawing, it appears BTC to be bearish till support as shown.
1st and 2nd resistance with possible support is well disclosed in the chart drawing.
Lets hope for the best.
leg down for BTC? ... BTC need to go dow for next big move?
... what is your opinion... what could bring him to that point? ... little drop and then panic sell?
BTC What next?BTC Strong uptrend
Minor levels - 100,000
2nd - 95,400
Major level 92,500
Trading above 26DMA Which is bullish
hold and upside will continue or
it may visit 95 first
TOTAL marketcap above last ATH high and above 7WEMA
But short tf Consolidation so
exoect chop for a little while
Technical Analysis of Bitcoin (BTC) - 4 Hour Chart### Technical Analysis of Bitcoin (BTC) - 4 Hour Chart
Current Trend Overview:
Bitcoin has been exhibiting a rising wedge pattern on the 4-hour chart, indicating a potential reversal in the prevailing bullish trend. A rising wedge often suggests exhaustion in the buying pressure, leading to a breakout to the downside.
Pattern Analysis:
- Rising Wedge Formation: The rising wedge is characterized by converging trendlines that slope upward. The upper trendline connects higher highs, while the lower trendline connects higher lows. This formation typically forecasts a bearish reversal once a breakout occurs beneath the lower trendline.
- Breakout Confirmation: A recent breakdown below the lower trendline of the rising wedge confirms the bearish sentiment. Traders often look for increased volume on the breakout for confirmation, suggesting strong selling interest.
Price Targets:
With the breakout indicating a shift to bearish momentum, several potential target areas can be set based on prior support levels and Fibonacci retracement zones. Here are the target areas:
1. Target 1: 99,000 - This level acts as a psychological support, as it aligns with previous highs and may attract buyers attempting to step in.
2. Target 2: 97,500 - Slightly below Target 1, this level has been a notable area of price action in the past and may provide a bounce point.
3. Target 3: 95,000 - This area has potential as a strong support level, influenced by previous price consolidations and fib levels.
4. Target 4: 93,500 - As selling pressure continues, this target corresponds to previous swing lows, which can be pivotal for the price trend.
5. Target 5: 91,000 - If price action continues to decline, this further downside target can set the stage for deeper corrections.
Additional Indicators:
- Volume Analysis: Observing trading volume is crucial in confirming the breakout's validity. If there is substantial volume accompanying the downward movement, it reinforces the bearish outlook.
- RSI and MACD: Monitoring overbought/oversold levels through indicators like RSI may provide insights into possible reversal points or confirmation of continuation in the downtrend. A bearish crossover in MACD could also signal downward momentum.
Conclusion:
Given the current technical setup with the rising wedge pattern and confirmed breakout, Bitcoin appears poised for a bearish phase in the immediate future. Traders should remain vigilant and consider risk management strategies, keeping an eye on the outlined target areas for potential buy opportunities or sell-stop adjustments. Always ensure to reassess the market sentiment and broader trends, as cryptocurrency markets can exhibit high volatility and rapid shifts in sentiment.
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Bitcoin Price Action: 12-Day Cycles ObservedIn this chart, Bitcoin's price action on the 4-hour timeframe reveals a repeating cycle occurring approximately every 12 days. Key observations include:
First Cycle (Nov 22 - Dec 5): A period of consolidation followed by a breakout, spanning 12 days and 8 hours with significant trading volume (~455.79K).
Second Cycle (Dec 5 - Dec 17): Another 12-day period with a similar breakout structure, supported by consistent volume (~446.68K).
Current Movement (Dec 17 - Dec 29): Bitcoin appears to be aligning with the same cyclical behavior, suggesting a potential breakout within this timeframe.
These patterns suggest that BTC may be following a structured rhythm, providing traders with actionable insights for timing entries and exits. The orange and blue trend lines highlight the broader ascending channel, while the white trend lines mark shorter-term consolidations within these cycles.
Does Bitcoin truly follow a predictable cycle, or is this coincidence? Share your thoughts and strategies below! 🚀
btc - 89k?according to bts there is a high probability of going to shadow overlap, 86-89k$, so be careful
96k if it breaks through on the daily, then 100% will go to overlap
BTC MT GOX FEVER - 110K WEN? or 101k NOW?As mentioned on my earlier charts fr, MT GOX did move and mentioned it would come to 103K and so shorts from 108k was too good as said, expecting a small range up. Ideally i would go for shorts to 101,637 but ugh huge tpo are lying here so expecting solid green candle, ideal my scenario is to short again on the highs and if vol comes would book SL.
SO If i speak english i short now and wait till 101k and if not i give up at 104k which i know is happeneing but i still want to..
IDeally the news fever is gone so neutral view but still can churn ways out.
BTC 1h updateWe've broken out of balance and are now leaning more towards short positions. A HAMMER signal appeared on the 1D chart, which could suggest a potential reversal. In my view, a strong sell zone would be around 104,730 for now, but it's important to wait for supporting signals. Stay tuned for updates! 🚨📉
10R BTC LongAnother opportunity to go long here.
30% chance of success.
High risk trade.
Expecting a move up to approx $100k
Wave 4The fall of btc can continue until the yellow box. Don't forget that the biggest candlestick in the history of btc was registered on Nov 24. I think that it is logical until the half of this candlestick with the level of 0.50.
84800. Wave 4 is a very time-consuming and tiring wave.
Bitcoin Btc usdt Daily analysis
Time frame daily
Risk rewards ratio >1.6 👈 for buyers
Risk rewards ratio >1.7 👈 for sellers
Technical analysis 👇👇👇
↘️↘️📶📉
An broadening triangle pattern has formed on the daily timeframe and there is a possibility that we will face a decline if the price breaks below the pattern’s bottom. However, we have several strong support areas at $88-$95 that can prevent the market from returning to a bear market. If the sellers get stronger and this support area cannot withstand the pressure from the sellers, Bitcoin will fall to the $77 range.
👉👉📈↗️↗️
On the other hand, if Bitcoin moves up, our first target will be the upper edge of the triangle and the price of $110.
At that time, we need to see if the buyers' power is greater than the sellers'?
If it is, the yellow box, which is the intersection of the long-term uptrend and the price exit area from the triangle, will be our next target, the range between $114 and $118. 🎯🎯🎯
BTC update - DEC 20 2024After sweeping the liquidity that was positioned just above 104,000 zone, BTC finally began the heavy dump on Dec 17th causing a heavy sell pressure in the market as predicted.
Current solid support zone for BTC is the 90,200 zone where the upcoming reaction must be analyzed. If BTC breaks through the support level, it will most probably head for much lower levels possibly the recent CME gap and since BTC dominance is still rather high, more dump in BTC means altcoins are going to be greatly affected and they will touch mush lower levels as well.
One thing to keep in mind is that the current heavy dump in many altcoins is probably the shakeout before the altseason so it is once again advised to consider buying the dip in the potential altcoins.
Bitcoin: Double Zigzag and a Potential Bullish Breakout?Currently, I am marking Bitcoin’s movement as a correction in the form of a double Zigzag (WXY). However, Bitcoin often exhibits the ability to extend waves without altering the broader structure...and we can fall further down.
The bullish scenario will take precedence if the price breaks above Wave X at 102,740. That is, of course, unless the market transitions into a larger triangle pattern, which could extend the corrective phase for a while longer.
Bitcoin Update.The price is in the ascending channel and rejected near the top.
Watching $77K–$85K FVG as key support.
Bullish target: $108K
Break below FVG risks a deeper drop.
Bullish or bearish next?
2 years of bear market ahead!We are at bull market top ... prepare for downside which will be more or less slowly ...
2 Years of bear market ahead!
BTC 1h updateNotice how the test level, formed after the breakout, held perfectly, leading to a 1-bar spring. Following the 1-hour spring, an entry point could be spotted on the 5-minute chart.
BTC/USDT SHORT TERM TARGET AND IMPORTANT SUPPORT LEVELS!!!Bitcoin's surge towards $112,000 excites investors, but caution is warranted. Strong weekly closes fuel optimism, yet corrections loom. Support levels at $92,690, $92,551, $83,470, and $74,541 offer potential buying opportunities. The 5EMA suggests short-term strength, with prices above the moving average.
However, this rally presents a problem for altcoins. Bitcoin's non-bearish dominance stifles their growth potential. Typically, altcoins thrive when Bitcoin's dominance wanes or stabilizes. This creates a dilemma for diversified crypto portfolios.
The solution? Monitor Bitcoin's dominance closely. A shift could spark altcoin momentum. Meanwhile, focus on Bitcoin's journey, using support levels as guideposts. If breached, watch $55,017 for a possible trend reversal. Adapt strategies as market dynamics unfold.
Bitcoin analysis and two upcoming scenarios: bearish and bullishBitcoin is in an ascending channel on the daily time frame. Given the proximity of Christmas, it could have a correction market. In the first scenario, a correction to the $80,000 range for me.In the bullish scenario, by breaking through the $108,000 to $110,000 level, we could continue to rise to $120,000,
