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Bitcoin / TetherUS PERPETUAL CONTRACT

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BTCUSDT.P trade ideas

new entryI believe we will bottom around 85-90k. Short term price action is bearish. I believe there is a very high probability of a new low. I have positioned accordingly (reduced long exposure and have set bids). BTC going up is more than just low rates. It is the idea of btc in a hyper inflationary environment, the next gold narrative, long term store of value, etc. The mind virus of btc is something that creates infinite buying. I don't believe we are close to a market top, but if we do not bottom around 85-90k, that would be something unusual and I would reevaluate my long term thesis. Side note: HYPE is a better risk adjusted long relative to btc or any other major. I am selling assets to buy HYPE.
Long
by r90000
Analysis of the BTC Chart (Dec 27, 2024)Key Observations: Support Holding Firm: Price bounced off the Bear Day level (~$94,700) with a strong reaction, showing that buyers are defending this zone. This could indicate that the downside momentum is fading. Resistance Tests: BTC tested the Bull Day zone (~$96,800) but faced rejection, indicating resistance. However, price is consolidating just below this level, signaling a possible breakout attempt. Volume and Activity: The recent consolidation shows reduced volatility, which often precedes a significant breakout. Volume patterns could provide additional confirmation. Bullish Indications: The Bullish Week support (~$97,200) remains intact and could act as the next target if BTC breaks through $96,800 convincingly. Higher lows are forming near $95,600-$96,000, indicating a bullish structure if maintained. Bearish Risks: Failure to reclaim and hold above the Bull Day zone ($96,800-$97,200) could result in a retracement to test the Close Week support ($95,200) again. A loss of this support level would negate the bullish setup and signal more downside. Is a Large Move to the Upside Likely? BTC is setting up for a potential upside move, but confirmation is needed: Bullish confirmation: A breakout above $96,800-$97,200 with strong volume would likely trigger a move towards $98,400 and possibly higher. Bearish invalidation: A breakdown below $95,200 could trigger further downside to the Bear Day zone (~$94,800). Key Levels to Watch: Upside targets: $96,800, $97,200, and $98,400 (Bullish Swing level). Downside risk levels: $95,600, $95,200, and $94,800. Conclusion: The market structure is leaning towards a bullish breakout if BTC can clear the nearby resistance zones. However, keep an eye on volume and lower supports for invalidation of the setup.
by peteramner
Bitcoin and altcoin overview (December 27-28)Yesterday, after a decline in Bitcoin, signs of defense appeared and each new drop was absorbed by buyers. Currently, there is a high probability of a reversal and movement towards the selling zone of $100,000-$102,000. Upon renewal and consolidation above the zero point of $96,630 on the hourly timeframe, an intraday long position can be considered on a pullback. In the reverse scenario, we should expect a test of the $92,300 level. After reviewing the chart on the daily timeframe, we identified an additional liquidity zone of $90,600-$86,300. Buying zones: level $92,300(local low), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone). Selling zone: $100,000-$102,000(mirror volume zone). Interesting altcoins For GMT , volumes have appeared that reversed the price. When it pulls back to the zone of $0,162-$0,148 (concentration of maximum volumes), we open a long position
by Crypto_robotics
Bitcoin Santa rally' buyers step in to drive BTC price to $98K Bitcoin Santa rally' buyers step in to drive BTC price to FWB:98K and Open Entry Trade. Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as "large spot buyers" lifted deflated BTC price action.The latest data from monitoring resource CoinGlass put 24-hour BTC short liquidations at nearly $40 million at the time of writing, with the cross-crypto total at $150 million. "Nice strength in bitcoin today," fellow analytics account Bitcoindata21 continued alongside a chart showing necessary volume-weight average price (VWAP) levels to reclaim next. Santa rally talk returns as BTC price gains $5,000 Data from Cointelegraph Markets Pro and TradingView showed BTCUSD hitting new local highs of $98,020 on Bitstamp. Up by more than 3% on the day, Bitcoin attracted fresh bids after a shaky start to the week saw a retest of December lows."Yesterday, Bitcoin showed some signs of a relief rally after which price was rejected to almost new lows. Today, Bitcoin is rebounding yet again and once again into the old support," he wrote. "Overall, as long as the previously lost supports turn into new resistance additional downside should be expected. Conversely, a reclaim of these previously lost supports would obviously be bullish." #BTC☀ #BTCNextMove #BinanceAlphaAlert #BTC🔥🔥🔥🔥🔥 #SUBROOFFICIAL Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
BTCUSDT. Daily and 4 hour TF analysisHey traders and investors! Daily Timeframe Analysis The price of Bitcoin is in a range on the daily timeframe. The lower boundary is 90,500, and the upper boundary is 108,353 (more details in previous reviews). The seller's vector 3-4 stopped at the level of 92,232.54. The key bar in the seller's vector (the bar with the highest volume) is the bar from December 19. At the beginning of the seller's vector, a seller's zone was formed with a lower boundary of 103,333 (red rectangle on the chart), and this zone has not yet been tested by the buyer on the daily timeframe. This means there is a high probability of the seller resuming from this zone. The buyer's vector 4-5 started to develop on December 20, and on December 21, the seller resumed from the key bar of the seller's vector, forming the test level of the key bar of the seller's vector at 99,540.61. Then, the price interacted with the test level, and yesterday, December 26, the seller resumed again. The potential target for the seller could be 92,232.54. 4H Timeframe Analysis On the 4-hour timeframe, the price is also in a range with similar boundaries to the daily timeframe: the lower boundary is 90,500, and the upper boundary is 108,353. The seller's vector 13-14 reached the required target, and the buyer's vector 14-15 began to develop with a potential target of 102,800.11. Summary: On the weekly timeframe (see previous reviews), there is a long trend. The priority is buying. On the daily and 4-hour timeframes, there are ranges. It is a priority to look for buys at the bottom of the range and sells at the top. It is interesting to look for buying opportunities (buy patterns) after the price interacts with 92,232 or 90,500. The potential target is 102,800 (103,333). I wish you profitable trades.
by AlexeyWolf
BTC new support and resistance!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze BTCUSDT : Bitcoin rebounded from the support level at $92,500 to reach $99,000 again but couldn't maintain that price. After this, BTC fell back down. This appears to be an ideal retest scenario with the current support at $94,700 and the next support levels ranging from $92,500 to $91,000. BTC might dip back into the $92.5k to $91k range in a short-term bearish scenario. However, it's likely to trade within the $99k to $91k range until there's an influx of new trading volume. Key Support Levels: $94,700 $92,500-$91,100 Key Resistance Level: $98,500 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t
BTCUSDT Analysis: Breaking Key Levels on Dec 26, 2024Context and Analysis: Today’s Bitcoin price action saw a significant drop after consolidating near critical levels overnight. Here's a breakdown of key observations: Initial Consolidation: Price hovered within the Bear Day resistance zone around $98,400-$98,600 for several hours. This area was tested multiple times, reflecting significant selling pressure. Breakdown Confirmation: Early in the session, BTC broke below the Day support level at $97,800, triggering high-volume selling momentum. The decline was swift, heading towards the Bullish Weekly support zone ($97,200) but offering little relief. Current State: Price is now testing the Day-ATR low ($95,200), a critical intraday level. This aligns with broader market sentiment showing weakness and a potential continuation of the bearish move. Volume Profile Insight: The Point of Control (POC) near $98,400 acted as a ceiling, further solidifying the bearish outlook when the price was rejected at this level. Outlook: Bulls need to reclaim the $96,400 swing close level to stabilize and attempt a recovery. Failure to hold above the current ATR low could open the door to further downside exploration. Takeaway: Bitcoin is experiencing heavy selling pressure today, losing critical support zones one by one. Traders should monitor the $96,400 level for signs of reversal or a continuation of the bearish momentum.
by peteramner
Phemex Analysis $46: How to Navigate BTC Crazy December?!PHEMEX:BTCUSDT.P has been on a remarkable journey throughout December, marked by significant price volatility and dramatic shifts in market sentiment. After breaking the $100,000 milestone, BTC experienced a sharp drop to $90,600 on the same day (December 5th); only to gradually recover and reach a new all-time high of $108,452 by December 17th. However, following this surge and amidst the holiday season, the market has shown signs of slowing down. As we approach Christmas and New Year’s, many traders are taking profits or exiting their positions for festive celebrations, leading to a recent dip back towards the $90,000 area. In light of these developments, it is crucial to analyze the current market conditions and evaluate potential trading strategies. By examining key support and resistance levels, we can identify several possible scenarios that may unfold in the coming days. Possible Scenarios 1. Continued Consolidation: BTC may continue to consolidate within the range of $108,000 and $88,700. This scenario suggests a period of sideways movement where price fluctuations are minimal. Strategy: Traders can utilize a Neutral Grid Bot or Long Grid Bot to capitalize on small price movements within this range. This approach allows for profit generation from minor oscillations while minimizing risk exposure. 2. Temporary Retrace: There is a possibility that BTC might experience a temporary retracement towards the $88,700 level or even drop further to around $86,170. Such a pullback could be triggered by profit-taking or shifts in market sentiment. Strategy: Traders should remain vigilant for signs of support at these levels. If confirmed, it may present an opportunity to enter long positions at a lower price point. 3. Bullish Breakout: Conversely, if positive news emerges—such as favorable regulatory developments or significant institutional investments—BTC could break above the $108,000 resistance level with high trading volume. Strategy: A successful breakout could initiate a new bullish rally. Traders should look for entry points following the breakout confirmation, ideally with increased volume to validate the move. Conclusion The current landscape for Bitcoin presents multiple trading opportunities depending on how the market unfolds. Whether BTC consolidates, retraces, or breaks out will significantly influence trading strategies. For those preferring stability, employing grid bots during consolidation may yield consistent returns. Conversely, traders anticipating volatility should prepare for potential retracements and bullish breakouts by setting appropriate stop-loss orders and entry points. As always, staying updated on market news and technical indicators will be crucial in navigating these scenarios effectively. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Mastering BTC Levels: Predicting the Next MoveHere's an in-depth look at BTC's key levels 🔍 📍 Bullish and bearish zones mapped out 📈 Using ATR to target potential price ranges Will BTC break out or stay range-bound? Share your thoughts! #BTC Context: Key Levels: The chart highlights major support and resistance zones using green (bullish levels) and red (bearish levels) bands. Bullish Day/Week Levels: Green zones where bullish momentum could sustain or start. Bearish Day/Week Levels: Red zones where bearish sentiment could dominate. ATR (Average True Range): The "Day ATR" and "Week ATR" indicate potential ranges BTC might move within, helping traders set targets or stops. Price Action: BTC seems to be fluctuating within these predefined zones, offering insights for both breakout and range-bound strategies. Directional Arrows: Green and red arrows suggest potential bullish or bearish trajectories from current price levels. Close Day Marker: The "Close Day" line highlights the critical closing price, often serving as a benchmark for future market direction. Insights: The chart is ideal for short-term traders looking for high-probability entries and exits. It emphasizes the importance of respecting these predefined zones to maximize risk-reward.
by peteramner
BTCUSDT RECTANGLE A rectangle pattern on the BTCUSD H1 chart! A rectangle pattern is a continuation pattern that forms when the price is consolidating between two parallel horizontal lines. Here are some key points to consider: Key Points 1. *Support and Resistance*: The lower line of the rectangle acts as support, while the upper line acts as resistance. 2. *Breakout Direction*: A breakout above the upper line could indicate a continuation of the uptrend, while a breakout below the lower line might suggest a reversal. 3. *Target*: Measure the height of the rectangle and project it in the direction of the breakout to estimate the potential target. 4. *Volume*: Monitor trading volume during the breakout to confirm the move. 5. *Timeframe*: Consider the H1 chart in conjunction with higher timeframes (e.g., H4, Daily) to confirm the trend direction. Trading Strategies 1. *Wait for Breakout*: Enter a long position if the price breaks above the upper line, or a short position if it breaks below the lower line. 2. *Set Stop-Loss*: Place a stop-loss order below the lower line (for long positions) or above the upper line (for short positions). 3. *Scale Positions*: Consider scaling your positions to manage risk and maximize potential gains. Additional Tips 1. *Combine with Other Analysis*: Use the rectangle pattern in conjunction with other technical and fundamental analysis tools to form a comprehensive view. 2. *Monitor Market Sentiment*: Keep an eye on market sentiment and adjust your strategy accordingly. 3. *Risk Management*: Always prioritize risk management by setting stop-loss orders and limiting position sizes. By considering these factors, you'll be better equipped to navigate the rectangle pattern on the BTCUSD H1 chart.
by FXBELLA001
BTCUSDT RECTANGLE A rectangle pattern on the BTCUSD H1 chart! A rectangle pattern is a continuation pattern that forms when the price is consolidating between two parallel horizontal lines. Here are some key points to consider: Key Points 1. *Support and Resistance*: The lower line of the rectangle acts as support, while the upper line acts as resistance. 2. *Breakout Direction*: A breakout above the upper line could indicate a continuation of the uptrend, while a breakout below the lower line might suggest a reversal. 3. *Target*: Measure the height of the rectangle and project it in the direction of the breakout to estimate the potential target. 4. *Volume*: Monitor trading volume during the breakout to confirm the move. 5. *Timeframe*: Consider the H1 chart in conjunction with higher timeframes (e.g., H4, Daily) to confirm the trend direction. Trading Strategies 1. *Wait for Breakout*: Enter a long position if the price breaks above the upper line, or a short position if it breaks below the lower line. 2. *Set Stop-Loss*: Place a stop-loss order below the lower line (for long positions) or above the upper line (for short positions). 3. *Scale Positions*: Consider scaling your positions to manage risk and maximize potential gains. Additional Tips 1. *Combine with Other Analysis*: Use the rectangle pattern in conjunction with other technical and fundamental analysis tools to form a comprehensive view. 2. *Monitor Market Sentiment*: Keep an eye on market sentiment and adjust your strategy accordingly. 3. *Risk Management*: Always prioritize risk management by setting stop-loss orders and limiting position sizes. By considering these factors, you'll be better equipped to navigate the rectangle pattern on the BTCUSD H1 chart.
by FXBELLA001
BTC Long term analysisBitcoin Weekly Analysis: Ascending Channel in Play Bitcoin (BTC) is currently trading within a well-defined ascending parallel channel on the weekly time frame, indicating a strong bullish trend. Here's the breakdown of the setup: 📈 Channel Boundaries: BTC price is respecting the channel's upper resistance and lower support (yellow lines). The midline (blue dashed line) acts as dynamic support/resistance, guiding the price action within the channel. 💡 Current Scenario: The price is trending toward the upper boundary, showing bullish momentum. A potential retracement back to the midline is expected after touching the resistance, as illustrated by the green path. 🚀 Bullish Case: A breakout above the upper boundary could signal accelerated bullish momentum. BTC might continue rallying beyond the channel if volume supports the breakout. ⚠️ Bearish Case: A breakdown below the lower boundary could signal a trend reversal, leading to bearish pressure. 🔍 Key Levels to Watch: Upper Channel Resistance: Critical zone for a breakout. Midline Support: Retesting this level could offer a buy opportunity in case of a pullback. Lower Channel Support: Watch for potential trend invalidation below this level. 📊 Conclusion: The ascending channel suggests BTC remains in a strong uptrend on the weekly time frame. Staying within the channel keeps the bullish structure intact, offering opportunities for both breakout and retracement traders. Do you agree with this setup? Share your thoughts or ideas in the comments! 👍
by Cryptonic_Trading
BTC Trading Thesis SummaryObjective: Action: Open Long Position Current Price: $97,600.00 Take Profit (TP): $100,000.00 Stop Loss (SL): $96,500.00 Exit Point: $98,000.00 Confidence Level: 75% Correlation with BTC: Neutral (0.00) Trade Strategy: Entry Point: Initiate a long position at $97,600.00, anticipating upward movement based on current market conditions. Take Profit ($100,000.00): Targets a significant resistance level, representing strong bullish momentum. Stop Loss ($96,500.00): Positioned to limit potential losses if the price declines. Exit Point ($98,000.00): Aiming for partial profit-taking or reassessment of the position to secure gains. Technical Analysis: Moving Averages: Upward-trending 50-day and 200-day moving averages indicate sustained bullish momentum. Relative Strength Index (RSI): Approaching overbought levels, signaling strong buying interest but cautioning against potential short-term pullbacks. Volume Analysis: Increasing trading volumes on upward movements support the bullish trend and the 75% confidence level. Risk Management: Risk-Reward Ratio: Approximately 2.18:1, favoring potential gains over potential losses. Position Sizing: Limit risk to a small percentage of the portfolio (e.g., 2%) to ensure manageable exposure. Diversification: Maintain a diversified portfolio to mitigate overall risk. Fundamental Catalysts: Institutional Adoption: Growing interest and investment from institutional players enhance BTC’s legitimacy and demand. Regulatory Developments: Favorable regulations can boost investor confidence, while adverse changes may pose challenges. Technological Upgrades: Enhancements to the Bitcoin network, such as scalability and security improvements, support long-term value. Macroeconomic Factors: Economic conditions and monetary policies influence BTC’s appeal as a hedge and alternative investment. Potential Risks: Market Volatility: High volatility may trigger stop losses or limit profit potential. Regulatory Changes: Unfavorable regulations could negatively impact BTC’s price and adoption. Technological Challenges: Network issues or security vulnerabilities could affect investor confidence. Competitive Landscape: Emergence of new cryptocurrencies or advancements by competitors may threaten BTC’s dominance. Conclusion: Bitcoin presents a promising trading opportunity with a strategy to open a long position at $97,600.00, aiming to take profit at $100,000.00 and limit losses with a stop loss at $96,500.00. With a confidence level of 75%, supported by positive technical indicators and fundamental catalysts, this approach balances potential rewards with effective risk management. Continuous monitoring of market conditions and adjusting the strategy as needed will be essential to capitalize on BTC’s potential upward movement.
Long
by titankarma