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Bitcoin / TetherUS PERPETUAL CONTRACT

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BTCUSDT.P trade ideas

Bitcoin and altcoin overview (December 19-20)It's been about 2 weeks since our last analysis, and now we're returning with daily posts on weekdays, except for the New Year holidays of course.) During this time, Bitcoin traded within our two marked volume zones $100,000-$103,000(cluster anomalies) and $97,000-$94,400(braking volume) and has already managed to break out of this sideways movement, setting a new ATH again. At the moment, we have corrected to the buyer's zone of $102,000-$100,000(accumulated volume) and have already received a reaction. The main expectations are movement towards the local selling zone of $103,200-$104,200(maximum horizontal volume of the downward wave). In the near future, we should expect the formation of a full reversal structure and a retest of ATH, as we haven't seen any anomalous aggression or strong fixations from sellers yet. Selling zone: $103,200-$104,200(maximum horizontal volume of the downward wave). Buying zones: $102,000-$100,000(accumulated volume), level $94,200(buyer aggression), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone). Interesting altcoins For SOL , we are in the buyer's zone and can now notice strong absorption of sales. We expect the formation of a reversal structure through the marked scenarios. If there's a complete breakthrough of $199, we'll cancel the quick recovery scenario.
by Crypto_robotics
BTC/USDT Strategic Trading OverviewKey Timeframes and Trading Opportunities: 1-Hour Chart: Bearish Sentiment: The prevailing downtrend suggests caution; look for stability or reversal signs before entering long. Support Level: The key support at $100,000 must hold to avoid further decline. Resistance Level: A break above $101,500 could signal a short-term trend reversal to the upside. 4-Hour Chart: High Volatility: This creates opportunities for both short and long trades based on price action around key levels. Support Level: Strong support is again at $100,000, acting as a psychological and technical pivot. Resistance Level: $102,500 is the major resistance, providing a clear target for any bullish momentum. Daily Chart: Overall Bullish Trend: The long-term trend remains upward, making dips potential buying opportunities for long-term investors. Support Levels: Major long-term supports are at $98,000 and $95,000. Resistance Level: Watch for resistance at $104,000 which if broken, could lead to new highs. Trading Strategy Points: Risk Management: Always use stop-losses to protect trades against sudden market moves. Adjust stop-losses according to the timeframe of your trade. Entry Points: Long Positions: Look for confirmation of support holding on lower timeframes with additional bullish signals such as candlestick patterns or momentum shifts. Short Positions: Initiate near resistance levels if bearish reversal patterns appear, especially on higher timeframes. Exit Points: Take Profit: Set just below resistance levels for long positions and above support levels for short positions to capture the most likely price movements. Volume and Momentum: Use volume indicators to confirm entry and exit points; momentum indicators like RSI and MACD can help identify potential market turns or continuation signals. Conclusion: BTC/USDT traders should stay adaptable to changes in market conditions across different timeframes. Combining insights from multiple charts will help in crafting a more nuanced trading approach, catering to both quick scalps and longer-term trades based on the identified support and resistance levels.
Long
by EliteTradersChoudharyJI
BTC $95,105 is as low as it gets!BTC Analysis (3D) 12/18/2024 It's likely one of these two scenarios for BTC plays out. Depending on the FOMC it could get invalidated but this is what I'm seeing on the charts at the moment. • Slow grind to 120-130k or • Retrace slightly to about 95K where we almost certainly will get SOME bounce, as that is where the preliminary fib line lies on the DFR as well as an anchored VWAP and it matches with the anchored Volume Profile (Im positive one of the MAs is also in this range). If this level holds, we will most likely create a new ATH at $120,000+ Thoughts?
Long
by poolsideliquidity
Advanced Technical Analysis of Bitcoin's Price MovementCurrent Situation: Bitcoin has reached a major resistance zone at $42,000 with an RSI of 81, indicating an overbought condition. Profit-Taking Scenario: People who bought Bitcoin around 24k avg or 40k avg (making around 100% profit or taking the change out) might start selling, leading to a potential price drop. Possible Price Movements: If a red candle appears, indicating a selling trend, the price might drop to approximately 24k Alternatively, there could be a pump towards the $48,000 zone, followed by a correction towards the $31,000 level. Future Predictions: During the Bitcoin halving and ETF (Exchange-Traded Fund) approval, the price potentially with time will reach 69k Following this, I expect the formation of an inverse head and shoulders and a cup and handle pattern, potentially leading Bitcoin towards the $100,000 zone. ABCD and Expanding Triangle Patterns: from $69,000 to $14,000 suggests a retest of the A and C zones. Additionally, an expanding triangle pattern indicates movement towards point E. Disclaimer: I am not a financial advisor, indicating that this is a personal analysis and not professional financial advice
by MarketPax
6
BTCUSDT. Where to expect the buyer’s resumption?Hey traders and investors! On the 4-hour timeframe, there is a sideways range. The lower boundary is 90,500, and the upper boundary is 104,088. The buyer effectively broke out above the upper boundary in the 12-13 vector. The seller returned the price to the range, and the buyer resumed from the 103,333 level, forming a test level. Below this test level is the buyer’s zone (green rectangle on the chart, upper boundary of the zone is 102,540). If the buyer does not defend the 103,333 test level, the next buyer resurgence is possible from the buyer’s zone, most likely in the 100,500-102,000 range. The third possible place for a buyer’s resurgence is around 50% of the last buyer’s impulse: 98,574 on the 4-hour timeframe and 99,426.5 on the daily timeframe. Considering the three buyer interest zones and the buyer's trend on the daily timeframe, searching for sell opportunities based on the 13-14 vector within the sideways range, with a potential target of 94,150 (90,500), is risky. I wish you profitable trades.
by AlexeyWolf
Bitcoin's Next Move: Key Levels to Watch and Strategy InsightsWe anticipate Bitcoin to rise from $93,526.2 to $111,949.0 based on volume analysis Plan Based on Closing Near the Target Level Closing Above the Target ($111,949.0): If a daily candle closes above this level, further upside is expected, with the price continuing to rise by the same percentage increase as the current move. We will update the targets and strategy accordingly if this scenario unfolds. Closing Below the Target ($111,949.0): If a daily candle closes below this level, the price is likely to retest the target level. In this case, it is advisable to exit the position to avoid risks associated with increased market volatility. Risk Management and Trade Discipline Stop Loss: Always adhere to the predefined stop-loss level, regardless of the scenario, to protect your capital and avoid significant losses. Trade Management: Consider splitting the target into partial levels to secure profits incrementally during the move. Use support and resistance zones as additional confirmation signals to manage risk. Conclusion: The current price action suggests a strong opportunity for an upward move, but the success of the plan depends on closing near the specified targets. Strict discipline and effective risk management are crucial for achieving positive results in this trade.
Long
by luta_ksa