Btcusdtanalysis
Bitcoin's Healthy Uptrend Faces Critical Test—Is It Time to Sell
Bitcoin's recent rally has followed a well-defined and healthy uptrend, with the trendline offering strong support. This suggests a sustainable bullish momentum. However, for this healthy trend to continue, Bitcoin will soon need to retest its trendline support.
Should the test confirm strength in the trendline, the next significant resistance level is projected to be near 68K. On the other hand, if the trendline is breached, we can expect a short-term downside move towards the 60K-59K range, which marks the previous high during the first trendline test, and it should be treated as a potential support zone.
Given this outlook, the prudent trading approach for Bitcoin at this stage is to adopt a sell strategy, anticipating a short-term correction.
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Bitcoin's local perspective 16.09.24The current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186.
At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one.
If the price goes under the zone formed by the fourth points of the models - the zone around $58,100, we may see a decline under the level of $55,494, where we will try to catch a long on #BTC on the rebound.
If the price is able to consolidate under the $55,494 level, the next target will be the levels of $53,472, $51,268 and $49,155.
BTCUSD Analysis elliot sell. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bitcoin Analysis==>>Bearish Harmonic Patterns==>>Crab & SharkBitcoin moved as I expected in yesterday's post .
Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) .
It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern .
After breaking the small Support zone , I expect Bitcoin to attack the Support zone($58,000-$56,600) again.
Note: We can expect more pumps if Bitcoin breaks the Resistance line (over $61,000).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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btcusdt signal sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Possible Scenario for #BTC in the Coming Days! - 9/15/2024
Possible Scenario for #BTC in the Coming Days:
We are currently observing the conclusion of wave c of B, which is anticipated to reach $54,3xx level before any potential upward movement. Wave c has formed a Neutral Triangle pattern, and the final leg has just begun
#BTCUSD CRYPTOCAP:BTC
BTCUSD - BULLISH.Bitcoin looks interesting (well at least to me). It seems that it is ready to go in a bullish run. Waiting for opportunity to go bullish once price pullback to the 58,800 area. Immediate target is around 61,200 area and larger target is around 65,000.
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#BTC/USDT Weekly Update! $58k first!#BTC Weekly:
Closed red at $54,881. Holding the GETTEX:54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the GETTEX:48K and $43K levels (as mentioned in my previous article on BTC).
The key focus right now is maintaining the GETTEX:54K level.
If we lose this level on the daily chart with a confirmation candle, expect lower levels to be swept soon.
That said, as long as we hold the current level, we could see a retest of $58K to capture liquidity.
BTC Daily:-
The daily chart looks promising, as the price has bounced off the support, with a confirmation candle printing today.
Stay tuned, and I’ll keep this chart updated.
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BTCUSDT The important support level at $53,600 should be kept for now.
If the price reclaims $55,500 and consolidates, this will open the gates for $60,000
If Bitcoin loses the $53,600 support and the price consolidates here,. $52,000 - $50,000 is just a matter of time.
At worst, Bitcoin will retest $48,000 - $46,000
Long Setup on Bitcoin / Bulls or Bears, Tell me in CommentsBINANCE:BTCUSDT
COINBASE:BTCUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
59600
60330
61150
61800
62600
🔴SL:
55925
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Bitcoin is at support, set for a short-term ascent!As Bitcoin travels through the descending parallel channel, it looks like it has finally secured support near 56k, a level it has relied on multiple times in the past.
We foresee a bullish movement from this point in the short term.
1st target - 65k
2nd target - 70k.
Bitcoin Analysis==>> Pumping Again==>>Short termBitcoin moved towards the Support zone($58,520-$57,100) as I expected .
Bitcoin is moving in the Support zone($58,520-$57,100) .
According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave .
I expect Bitcoin to start rising again from the Fibonacci levels to my targets .
Note: If Bitcoin loses the Support zone($58,520-$57,100), we should expect Bitcoin to fall to $55,000(at least).
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.