BTC/USDT: Brace Yourself! One More Bullish Move Expected 🚀
Bitcoin's price has been steadily dropping from 48k, leaving traders without any signs of bullish momentum candles. However, this may serve as the opportune moment for a cunning market move. 📉
As fear grips the market, buyers remain cautious about entering at these levels. But don't be fooled! There's a high chance we might witness a fake bullish move 🎢 in the coming days. 🚀
Market makers, notorious for their tricks, could shake the confidence of sellers by aggressively pushing the price up. 📈🙀 Once the market sentiment starts to shift, they could execute their shrewd plan and dump Bitcoin to as low as 35k. 😱 Only time will reveal their true intentions. Let's stay alert and see how things unfold.⌛️
Disclaimer: Remember, this is not financial advice, but rather an analysis of current market conditions. Always conduct thorough research and engage in trades responsibly. 💼💰
Btcusdtrade
The fate of crypto in 2024 2023 has been a good year for crypto, and we are nearing the end of the year.
But what will happen in 2024? Will we encounter a bullish market like 2023?
Before drawing conclusions, there are several key levels that you need to know.
If you pay attention, during December Bitcoin tried hard to penetrate 44,376.
This level is very important, because Bitcoin's minor support is getting higher and this support also determines Bitcoin's future fate.
If I zoom out, this minor support comes from the bullish rally, since October.
Will this support last until the halving?
Let's unpack pre-halving history
December 02, 2012 Halving
105 days before the halving, minor support broke and returned to major support. And it happened again 56 days before the halving.
The interesting thing here is, the bullish key level was broken after the halving.
July 02, 2016 Halving
Several times minor support was formed, broke, and return to major support.
Bullish key level broken 176 days after halving
May 03, 2020 Halving
Several times minor support was formed, but failed, and touched major support 52 days before the halving.
Bullish key level broken 161 days since formation.
April 21, 2024 Halving
We are currently 115 days before the halving.
Is the minor support broken and Bitcoin returns to major support before the halving?
By looking at the history of previous halvings, does not rule out the possibility that 2024 will start with a sell-off, Bitcoin will return to major support at the $32,000 level.
BTCUSD 17/01Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Impulse Correction " ab " Completed. Consolidation Phase as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line. Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line
BTCUSD M30 / LONG TRADE ACTIVE ON BITCOIN💲🚀Hello Traders!
As you can see, the chart has tested multiple times the resistance level, and now I expect a STRONG BULLISH MOVE.
In the previous idea, I expected an increase after testing the resistance level.
Now the long trade is ACTIVE.
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www.tradingview.com
BTCUSD H1 / EXPECTING A BULLISH MOVE IN THE COMING WEEK 📈Hello Traders!
This is my idea related to BTCUSD H1. I see equal lows on the chart, a good sign for bullish sentiment. Before going bullish it set equal lows to collect some SL of the retails and now I will look only for long entries.
An objective, I have 2 TPs. The first one is above the FVG where we have an OB and the next TP is the second OB (you can see 30M chart).
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
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BTCUSDT: Will it hit $48000? Still remain uncertainBTCUSDT remain uncertain since last two weeks price have continuosly failed to breakthrough 44k region remain sellers strong hold. Still expecting price to bounce back and create a HH. There is high possibility that price even can drop 35k area if we see no strong bullish momentum in coming days.
Comment Down your views on btcusdt?
BTC short at 48500~5250012 time frame
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BTC is approaching to the predicted top now, from our previous analysis, that indicated 48k is the top of this bear. However, considering the heated news about ETF, no matter truly or false approved, I think 52500 is the limitation for pump, so this is a proper position to set up a trading plan to short BTC with low leverage.
Here are suggestions for position control:
1. ETF approval
(a) BTC > 48500:
leverage: 30% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 30% of total fund
2. ETF rejection
(a) BTC > 48500:
leverage: 40%~50% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 40% of total fund
Bitcoin Analysis(Stop Hunting or Falling has started)❗️❓🧐The start of the new year 2024 was interesting for Bitcoin; we saw both a Bitcoin Pump/Dump in the first three days.
↗️The reason for the Bitcoin Pump was the news of the possible approval of Bitcoin ETFs on Tuesday and Wednesday.
↘️The Bitcoin Dump was due to the possible rejection of all Bitcoin ETFs ( Predicted by Matrixport ).
🌐It seems that the news is playing with our capital 🤨 So we should use our analytical power and be able to answer the question in the title of this post: " Stop Hunting or Falling has started❗️❓ ."
🔨Bitcoin has started to fall from the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . In general, the price cannot break the resistance/support areas for the first time most of the time, so one would expect the price to start falling from the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, although I personally expected the price to go a little higher and then start to fall.
🌊According to the theory of Elliott waves , it seems that the main wave 5 has finished in the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, and we should wait for the correction waves to start.
🌊In my opinion, two wave counting scenarios can be considered for Bitcoin, so that it seems that Bitcoin has completed its microwave 3 and is looking to complete microwave 4 (corrective), and then we have to wait for microwave 5, but this microwave 5 can end in two ways :
🔸Bitcoin can break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 is completed below the 🟢 Support zone($40,900-$40,200) 🟢, which strengthens our bearish scenario .
🔸Bitcoin can't break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 closes even a little higher than microwave 3 (microwave 5 is truncated). This scenario reinforces the possibility of Bitcoin's growth again .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change
✅Regarding Classical Analysis , if we look at the Bitcoin chart in the 4-hour time frame, we will realize that Bitcoin has succeeded in forming an Ascending Broadening Wedge Pattern .👇
💵Another chart that can help us analyze Bitcoin and the cryptocurrency market is Market Cap USDT Dominance% (USDT.D%) .
💵 USDT.D% is currently moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line , and I think that USDT.D% will increase at least to the 🔴 Resistance zone(6.70%-6.30%) 🔴, and then we have to wait for the SEC and see which scenario (it is clear in the chart below / weekly time frame) happens to USDT.D%, so for now, I think we should wait for a temporary increase in USDT.D% .👇
🔄To find out whether Bitcoin will be greatly affected by the USDT.D% increase or not, it is better to check the Market Cap BTC Dominance% (BTC.D%) chart ( of course, there are other charts that we can take help from ).
🔄 BTC.D% seems to have lost the uptrend line and is waiting for the 🟢 Support zone(49.46%-47.30%) 🟢 to fall, so if the USDT.D% increases , it can be said in a way that Bitcoin will be less affected by the possible fall of the market than other tokens .👇
🔔As a result, I generally expect the cryptocurrency market to experience a correction given the large slope that Bitcoin had from $25,000 to $45,000 , and if the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 of the USDT.D% is broken, we can expect the cryptocurrency market to recover and start to increase again.
🔔The increase of Bitcoin in the last few months is all due to the news of ETFs, and if ETFs are rejected by SEC , we should expect a sharp drop in the market to around $25,000 . Even if ETFs are approved , Bitcoin may NOT experience the expected price increase(It reminds me of the " Buy the rumor, Sell the news ").
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
BTCUSD: US dollar strengthens as US bond yields rise pending relInvestors are bracing for a busy week ahead of key economic data, including European inflation data and U.S. employment and non-farm payrolls. These numbers will go a long way in shaping the Federal Reserve and European Central Bank's expectations for monetary policy decisions.
Details of the Fed's discussions are expected to be revealed on Wednesday when the minutes of the December Federal Open Market Committee meeting are released.
According to the CME FedWatch tool, market sentiment reflects an 82% chance that the Fed will start cutting interest rates in March, with more than 150 basis points of easing expected by the end of the year.
Traders are also keeping an eye on volatile oil prices due to concerns about potential supply disruptions in the Middle East following recent attacks on container ships in the Red Sea. In the crypto market, Bitcoin has risen 3.25% since the beginning of the year, reaching its highest level since April 2022, on expectations that the U.S. Securities and Exchange Commission will soon approve Bitcoin spot fund trading. did.
BTCUSD H4 / POTENTIAL RISE UNTIL 48K 📈✅Hello Traders!
This is my idea for BTCUSD H4. At the moment, BTC remains in consolidation, and soon I expect a rise until the price of 44.000 which is a strong resistance level. As a target, I see the price of 48k.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
BTC/USDT Looking BullishTRADE ALERT! BTC
Ticker: BTC/USDT
Entry:43800-43999
Take Profit: 45500-48000
Stop Loss: 40215
Risk to reward: 1:2
Technical Thesis:
Bitcoin is making an inverse head and shoulder pattern ( bullish)
For this bitcoin need to hold 42000$ level.
We have neckline around 44000$
Once price breaks neckline with good volume then target can be 45500$ to 48000$
#BTCUSDT: 48K Upcoming! Dear Traders,
BTCUSDT has been bullish ever since November, and it is likely to reach 48k area as price is extremely bullish at the moment. NFP will have significant impact on the price $BINANCE:BTCUSDT. We will keep you update as price move forward.
We are neutral here and coming days price can reach beyond 50k.
BITCOIN: Range, then gains. 🚀Hello 🐋
Considering the chart
and my previous analysis, the parallel channel created. 👌💪
I anticipate
more correction and range for first target (range of candlesticks both to the downside and upside).📚✔️
Our main goal
is to achieve additional gains, ideally reaching close to 44k. 🚀
👌 Attention: Take note of the price in the condensed chart (positioned above the primary chart in black).
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
📈Bitcoin golden position for left behinds📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. Let's make it simple. I think:
Bitcoin will retest lower levels around 35k. (But the most important dynamic level is the weekly Bollinger midline.)
Then the targets for the next jump are 45k, 47k and then 50k.
Above these levels, the most important price resistance is around 52K and 55K.
I personally bought some bitcoin close to 40k and will keep buying until the price is above 35k. (As you can see, Bitcoin touched the mid-Bollinger line on the daily TF)
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
BTCUSDT likely to head to 4h support around 41200-41700The price is trading inside monthly resistance and experiencing the expected push back. The price action is suggesting that we might be looking for a visit to the 4h support zone which sitting around 41200-41700. That support level should provice a bounce for another attempt at the monthly resistance but it is difficult to say if that bounce will have enough strength to break it. We will evaluate once the price in case reaches 4h support and bounces from there.