Global overview $BTCSo far, I like the current exit from the $25,000-$30,000 zone. But I have a couple of comments that Bitcoin won't be 100k for. Looking to adopt a spot BTC ETF means that all investors will have the opportunity to invest in this asset class and it will be a good time for a big player to sell to these investors. I assume that the price may exceed 69 thousand, or not. Now he's starting to feel a little Fomo about BTC eth and other coins that have jumped up a lot. And I have a bad feeling about the next 2024 and 2025. Before that, 2021-2022 was a year of distribution and we are not as far as it seems...
Btcshort
Amazing Unseen BTC Short Setup / Fake Breakout of WedgeThis Chart makes a lot more sense on the daily because the breakout on daily 1 candle
Daily Chart Here:
However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart.
I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that way, but time will tell
Resistance 41.6K
Old Resistance - Wedge Line 39K ish follow the cahrt
Older Resistance - 37.9K
New Support and Resistance for BTC Breakout or CrashI'm posting this at the pico top after seeing it failed to breakout. It could still break the current resistance line, but I wanted to post now for people for the best possible short setup and areas to take profits
Currently Tested & Failed Resistance $41,639
New Possible Support / Old Resistance: Hard to say around 39.5K (see wedge)
New Possible Support / Old Resistance: 37.9K from initial break out
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- As the daily chart depicts, the price has been demonstrating strong bullish momentum over the recent months. Yet, the market is currently testing the $38K resistance level and is yet to break convincingly.
If a bullish breakout occurs, there would be little resistance preventing the price from reaching the next key level, which is located around the FWB:41K mark.
However, with the relative strength index showing a clear bearish divergence between the recent highs, there is also the possibility of a pullback in the coming weeks. In this case, the $34K and the $30K levels would be potential targets.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC Flash Crash Inbound ? ZERO 38K Daily Closes in Novemberbitcoin @ 38K = smart btc money slowly exiting for weeks…
November Highlights
🔹 Nov 17 BTC etf delayed
🔹 Nov 24 (52 Wk High 38.4K)
🔸 18 Daily High of 37K+
🔸 ZERO daily closes of 38K+
I wrote this one quick to add onto my daily chart I've been preaching since Nov 17
BTC EMERGENCY !!!After the postponement of Bitcoin tradable funds, we saw the market fall to the $34,800 area, which is currently correcting its previous wave.
Apart from the fact that this news had a negative impact on the market and some people started giving bearish strategy ideas, but the mood of the majority of people is positive for the growth of Bitcoin.
As I explained in one of the previous analysis, the reason for the fall of Bitcoin if it happens, I decided to do another bearish analysis, which I hope will fail like last time.
If Bitcoin can recover the level of $38,000, there is a possibility of growth and failure of the analysis.
But if Bitcoin loses the level of $36,000 and the weekly candle stabilizes below this price in 2 days and 7 hours, we will see the nature of the market change to a bearish one.
BTC seems ugly, it may reach 38500-39500 and then dropsHello Traders
Our technical view has been shown in the chart.
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-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
BTC (Bitcoin) / USDT (USD Tether) Perpetual Swap Contract ShortBTC (Bitcoin) / USDT (USD Tether) Perpetual Swap Contract Short Setup OKX:BTCUSDT.P
Rising wedge
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Double Top
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Double Rectangle
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Enter 35453 + Stop 36036
=
2 on 4 Short
Retest Level 30000
Exit 1/2 33033 = RR 1 on 5 = Stop Plus
Exit 1/2 30703 = RR 1 on 10
I am interested in your opinion on this algorithm of actions
deposit 20% of asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
day loss 1% of deposit
RR 1 to 5
Entry on negative news background
+
At negative mood of trendsetters
+
No nearby reports, speeches
+
Bearish chart and candlestick patterns
+
A pool of indicators signalling a downtrend
#DYOR
$BTC Daily Update (bearish divergance)CRYPTOCAP:BTC #BTC slipping below $37,499, struggle here. last 4h closed with bearish engulfing, $36,868 support highly likely in short term, Bearish engulfing on 1D also suggesting support test, bearish divergence on 1D and 4H could be at play, alts will follow. $36,868-$36,214 support range.
Bitcoin 4HR Triple-Top! About to Reverse to $34,500?Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500.
How do we trade this?
We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly Bull Channel Resistance, that long bias has to be put on hold. RSI is around 63.00, and we may form a triple top. If that happens and we get a strong reversal signal bar and confirmation, a short to the $34,500 area is reasonable with a stop loss just above $38,000.
Longing at this price ($37,200) would necessarily include a stop loss just below channel support at around $36,000. A proper take profit would be at the Weekly Bull Channel resistance of $38,000, leaving us with a 2:1 Risk/Reward ratio. This could be an ideal scalp if you reduce your max position size by half, but the probability of profit longing is not high enough given the close resistance.
Key Points
1. Bitcoin is still in a Bull Channel.
2. Price is Near Weekly Bull Channel Resistance.
3. Potential Triple Top Forming.
4. RSI at 63.00, There's More Downside than Upside.
5. Wait for a Sell Signal to Short.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Bitcoin Short Liquidity GrabHello trader! I don't usually trade on weekends, but I've spotted an interesting setup on Bitcoin. I'll try entering from the sell order block and set my stop loss behind it. Take profit targets will be at 1, 2, and 3 levels of liquidity. The reason I want to trade this setup is the local downtrend (since 1 Nov) and the fact that all liquidity from November 2nd is gathered at the top locally. And also there is a sweep movement has formed.
🚀Please support my efforts with the "Boost" button.
❤️And a comment is the best thing you can do for me now!
Bitcoin to continue moving downwards until tomorrow eveningthere was a significant drop in the price of Bitcoin as it experienced a sudden decline of $1000, bringing it down to $35,344 by the evening. This downward movement caught the attention of traders and market observers. The Relative Strength Index (RSI), a commonly used technical analysis indicator, also signaled a bearish trend, further supporting the notion of a potential price decrease.
During this period, Bitcoin exhibited a rapid decline, with the price falling by approximately $75 every 15 minutes. This swift descent created an atmosphere of heightened volatility and uncertainty within the cryptocurrency market. Traders and investors closely monitored the situation, considering various factors that could have contributed to this particular market movement.
Events like these serve as reminders of the dynamic nature of cryptocurrency markets and the importance of closely monitoring price trends and utilizing technical indicators such as RSI to aid in decision-making. It's crucial to conduct thorough research, stay informed about market developments, and exercise caution when engaging in cryptocurrency trading or investment activities.
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1H 4H
Trend breakdown
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Breakdown of support level 36577
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Retest of resistance level 36577
=
TP 1/3 35353 = RR 1 to 3
TP 1/3 34743 = RR 1 to 5
SL for High 36893 + when the first TP is reached = Stop Plus
I am interested in your opinion on this algorithm of actions
deposit 20% of asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
day loss 1% of deposit
RR 1 to 5
Entry on negative news background
+
At negative mood of trendsetters
+
No nearby reports, speeches
+
Bearish chart and candlestick patterns
+
A pool of indicators signalling a downtrend
#DYOR
BTC 4HR Analysis - Bears Are Taking Control to 200EMA!Bitcoin has had three pushes up from its previous trading range ending with a failed break of the $37,500 resistance level three times, leading the price below the 30EMA. Per my Weekly Analysis, the $37,500 price area is Bitcoin's Weekly Bull Channel resistance. These data points mean a short is reasonable from the $37,000 price area with a stop just above the pin bar at $38,000. It's also reasonable to take some profits at the bull channel bottom (about 1:1 Risk/Reward) and the remainder just before the 200EMA around the $34,000 area.
Key Points
1. Bitcoin is still in a Bull Channel
2. We have three pushes up ending with a strong bear pin bar
3. Three failed attempts to break and hold $37,500.
4. Gap from Current Price to 4HR 200EMA
5. RSI is just above 40.00 with Room to Fall
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin’s recent price action reflects a positive uptrend with its value piercing through the 37,000 resistance zone yesterday only to settle at just above that range. The oscillators present a mixed bag of signals with the relative strength index (RSI) at a high 83, suggesting that BTC may be entering overbought territory despite a neutral stance. Meanwhile, the Stochastic holds at 74, maintaining neutrality, and the commodity channel index (CCI) stands at 162, hinting at a continued bullish run albeit within a neutral zone.
Moving averages for bitcoin reveal a strong consensus for bullish sentiment. The exponential moving averages (EMAs) and simple moving averages (SMAs) across various time frames (10, 20, 30, 50, 100, and 200 days) all signal bullish sentiment. This unanimous direction indicates a firm trend upwards, with shorter-term EMAs like the 10-day at 35,481 reinforcing recent gains and longer-term averages such as the 200-day EMA at 28,496 confirming a solid upward trajectory over a more extended period.
The potency of Bitcoin’s bullish trend is further evidenced by its market behavior, showing a strong 7.5% increase over the last week and an impressive 34.9% rise over the past month. Such momentum will likely attract a speculative surge, driving prices to new heights before any potential corrective actions take root. Investors may view this as a testament to Bitcoin’s resilience and a beacon of its inherent value proposition amidst the market’s ebb and flow.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading.
If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length).
It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market.
We could argue that it also happened back in July/August 2014 – October 2015.
In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market.
We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
The whales have sold off their holdingsThe BTC market continues to fall, but resistance still exists. From October 2022 to August 2023, the number of Indonesian cryptocurrency investors has never increased by more than 1%, reflecting the downward trend in the global cryptocurrency market.
Furthermore, Bapebuti said that the virtual currency transaction value in Indonesia also decreased by 25.2% month-on-month in September 2023 and by 54.7% compared to the same period in 2022.
Prior to this, at the end of July 2023, Indonesia's Ministry of Commerce coordinated with Bape Buti to open the first virtual currency exchange (CFX) in this Southeast Asian country to ensure people's safety. Trading cryptocurrency assets.
According to Trade Minister Zulkifli Hassan, the launch of CFX reflects the Indonesian government's commitment to providing security to businesses and building a fair ecosystem for crypto asset trading.
Zulkifli argued that the new exchange will also provide clear regulations to protect consumers and give them peace of mind when conducting cryptocurrency transactions, thereby contributing to the country's economy and trade.