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BTC RISKY SHORT SETUPHere's my Idea about Short term for BTC Short Position. Expecting an Dump
Entry Would be Around 43.6-43.7k
Stoploss Will be around 43868
Target will be 42.6k or 41.8k
The Trade is Risky So if you are degen then go for it or Use low levrage While Trading.
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BTC Analysis (22.12): Bullish Flag Signals a Surge Towards $45-4Introduction: 🌐 Bitcoin (BTC) is painting a promising picture on the 4-hour chart with the formation of a "bullish flag" right above the breached resistance zone and below the -27% Fibonacci level. A breakout above the flag's upper boundary is anticipated to initiate a rally towards $45-46K.
Technical Analysis: 📊 The 4-hour chart showcases the development of bullish patterns, breakthroughs of crucial resistances, and compression leading towards potential bullish movements. The overall market sentiment is positive, with special mention of SOL, achieving the significant psychological mark of $100.
BTC ETF Approval Expectations: ⚠️ The anticipation of spot BTC-ETF approval early next year adds to the positive market outlook. This expectation, coupled with the formation of bullish patterns, contributes to the upward momentum, particularly in altcoins as BTC dominance locally declines.
Trade Scenario: ❗️ With a bullish flag in play, the analyst expects a breakout beyond $44K, paving the way for an ascent towards $45-46K. In the best-case scenario, a surge towards $48-50K is deemed plausible. These figures appear realistic, especially considering the positive ETF-related news.
Conclusion: 🚀 Bitcoin is gearing up for a potential surge, with the formation of bullish patterns and positive market factors. Traders are advised to watch for the breakout beyond $44K, setting the stage for an exciting journey towards $45-46K and beyond. Stay tuned for further updates as the market dynamics unfold! 💹🌟
BTC Bullish 24-Hour & 1-Week Horizon ☀️ What About Alts? A bullish sun ☀️ will shine over Bitcoin, Ripple’s XRP, Binance Coin, and Avalanche in the next 24 hours, while bearish clouds will sweep over Ether and Cardano. ☁️
These mixed trading signals will continue to prevail in the next seven days, with Bitcoin set to continue rising, and Ether facing downside pressure. 🌧️
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BITCOIN SUPPLY AND DEMAND I have shown the supply and demand zones on the graph. At this point it remains to be seen how the price will react 43.6k$-44k$ . If we see acceptance, prices of 48K-50k are very possible. If we get a big rejection, it will be a trigger that the sellers are in advantage and we will have to look for strength in another zone (demand zone).
Right now it's late to trade (long), so it's better to be patient and wait to see the reaction. I always go against the majority, and so far the sentiment is very positive. Big volume on sale and I think that in this in-between zone (where there is no trading) everyone will lose.
Closing the week above $43.6k will be a very good indicator for continuation.
I'm definitely of the opinion that bitcoin has done most of its work, it's time for ETH and I think 2024 is its year
BITCOIN: A REJECTION OR A BREAKOUT?Hello traders,
BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis.
- The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again.
- If a rejection is repeated then $40.5k to $40.8k will once again be a strong support but before reaching that low, BTC will be holding another support between FWB:42K to $43k.
- Talking about the breakout, BTC has a lot more to offer in this bull run. It doesn't matter if BTC gets rejected again, I would consider it as a good opportunity to accumulate more. Do you remember when $30k was a strong sentiment for BTC, we all expected a breakout above the $30k resistance. The same thing with $44k, sooner or later we will see a breakout.
That's it for now. I hope you find this post helpful.
Christmas Eve is 4 days away, so have a great time with your friends and family. Don't take a lot of trading stress. Together we will make it big.
Regards,
Team Dexter.
BitcoinMost Altcoins have been in the red since the weekend and the past 24 hours have been no different. Ethereum is currently down 2% and below $2,200. Binance Coin (-1.5%) has dropped below $240.
Even larger daily drops come from Ripple, Dogecoin, Polkadot, and Polygon. Solana has lost 5% on the day and is down to just under $70.
Cardano and Avalanche have dropped the most compared to larger-cap Altcoins. ADA is down 6%, while AVAX is down 9% and trading below $40.
The cumulative market capitalization of all crypto assets has fallen by $50 billion since yesterday's peak of $1.6 trillion and dropped to $1,550 on CMC.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Testing $43,145 resistance at the top of the triangle, Amazing reversal followed by bullish pin bar 4h close at the bottom testing $40,583 support. Bullish engulfing on last 1D close, current daily moving for follow up. RSI on 4H and 1D looking good, Watch given S/R
CTXCUSDT Surges by 143.55%, Reaching $0.5307! 🚀BoooooooooOOOOOM 🚀🚀
VIP Spot 🔥🎯
Target 5️⃣ : done✅
Entry price: 0.2179$✅
Price reached : 0.5307$ ✅
Profit: 143.55% ✅🚀🚀🤑
In an impressive rally, the cryptocurrency CTXCUSDT has experienced a substantial surge of 143.55%, reaching a noteworthy price of $0.5307. This remarkable upward movement is garnering attention from traders, signaling potential for significant gains. Stay tuned for further updates as CTXCUSDT continues to make waves in the dynamic digital currency market. #CTXCUSDT #CryptoSurge 📈
BTC POSSIBLE RETRACEMENTAs the BTC bears push the market to the downside, the possibility of a possible retracement to the 41.6k-41.8k price regions. This pullback is ensured to begin the second wave of the Luftwaffe, Let's see how this market plays out this time period. Please tell me your thoughts o the comment section.
P:S
LWC - Luftwing Candle
1WL - 1st wave Luftwaffe
2WL - 2nd Wave Luftwaffe
Bitcoin BTC price moves according to fractal from the past v.2As we wrote in our previous idea, the Bitcoin price has been in a critical zone in recent days.
Tonight, sellers decided to step up and activated the red fractal from this idea:
At this idea depicted another fractal that was already on the BTCUSDT price chart. The logic of this fractal, and therefore the behavior of buyers/sellers, is similar to the fractal from the previous idea. However, there are slightly deeper drops here, but they have a chance to cover most of the CME GAPs that were formed during the current growth wave.
1. GAP $39310 - 40480, touched, but not yet completely filled.
2. Gap $34100 - 34400, not filled
3. GAP $27000 - 27300, not filled
Now you need to closely monitor the indicators of USDT.D and BTC.D, because now there is a redistribution of capital: part of it goes to usdt, and the other part hastily goes to the "selected" altcoins that did not have time to reach the desired target at this bull run.
Therefore, the next 1-3 days will be quite volatile, and we recommend that you refrain from trading with leverage.
Two events will also "add fuel to the fire" of position breakouts:
- 12.12.2023 - the announcement of the latest CPI
- 12/13/2023 - the announcement of a new FED rate, the last in 2023, and the speech of Mr. Powell's speech on the outlook for the economy and financial markets in 2024
If you are interested in reading our thoughts and experience, please be active: like and comment on the idea. And we, in turn, will update this idea as events unfold.
$BTC Daily UpdateCRYPTOCAP:BTC CRYPTOCAP:BTC Descending Triangle forming on 1D and 4H, let's see in what direction this breaks, $40,583 support in effect followed by a bearish engulfing on 4H, if 4h shoots closing above $42,070 the Descending Triangle will break bullish, previous daily close with bearish engulfing
#BTC/USDT Weekly: This pattern signals Trend Reversal!#BTC Weekly Update: Breaking the Green Streak!
Bitcoin (BTC) sees a change in trend as it closes the week with a red candle, ending an eight-week run of green candles. This shift is marked by the formation of a Bearish HARAMI pattern, signaling a potential bearish reversal.
The confirmation of this pattern hinges on the weekly close; BTC needs to end the week below $41,349. Until this confirmation, Bitcoin may move sideways, providing an opportunity for altcoins to thrive. Investors should carefully select altcoins during this period of potential BTC consolidation for optimal gains. Stay vigilant!
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Thank you
#PEACE
BTC BEARSFrom my analysis, it could be noted that Bitcoin approaches the 41-40k price levels. This is seen as a completion of the first wave luftwaffe following the appearance of the LUFTWING candle. I believe a retracement would occur as price corrects to the 42-43k region initiating the second wave Luftwaffe. If a bullish LUFTWING candle occurs then a total bull run and reversal is expected. If you have any questions comment and I will explain to you.
BTC 1D, 3D & 7D Forecast - Blend of ☁️ and ☀️Over the next 24 hours, we're seeing some clouds ☁️ hovering over Bitcoin, suggesting a potential downturn. However, looking ahead to the next 3 days, a brief rebound is on the horizon—picture a cool breeze after a storm.
Fast forward 7 days, and we're back in the forecast with a blend of clouds ☁️ and sun ☀️. This signals that the downside might linger, but don't expect a dramatic drop in price from these current levels. It's a crypto climate with twists and turns, but the Bitcoin landscape stays interesting!
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BTCUSD H1, SHORT ENTRY UNTIL 38700, SEE WHY .... Hello Traders!
In this stage, I see BTCUSD H1 falling until the level of 38700 (even lower), because it has to close a liquidity gap, and also, hit the level of 38400, a very important level of resistance.
At the moment, I see BTC under bearish dominance and I consider it a good moment to enter short.
Keep in touch!
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#BITCOIN Update for Dummies!Keeping it simple: as long as we maintain levels above $40,222, Bitcoin is likely to reach higher targets. Consider every dip a blessing and a buying opportunity in altcoins. However, a close below $40,222 could trigger a bearish rally, marking a new lower low since the start of this 8-week run.
Action Plan:
I am spot long and don't plan to make any changes unless something significant appears in my charts. For futures, I am taking profits as they show up, implementing strict stop-losses in my current positions.
Feel free to share your thoughts in the comment section, and if you find this information helpful, please hit the like button.
Thank you.