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Btcanalysis

BTCUSDT.4HLet's dive into the 4-hour chart for BTC/USDT to extract insights and devise a potential trading strategy based on the observed technical data. Key Resistance and Support Levels: Resistance 1 (R1): $59,357.32 - This level is acting as the immediate ceiling for price actions, which if broken, could indicate increased buying momentum. Resistance 2 (R2): $67,373.58 - A higher resistance point that could be a medium-term target if R1 is convincingly surpassed. Resistance 3 (R3): $71,320.28 - This represents a significant peak and a tough resistance to overcome. Support 1 (S1): $56,447.95 - The primary support level based on recent lows, providing a potential floor. Support 2 (S2): This appears to be even lower than S1, but the chart does not specify an exact value. Technical Indicators: Relative Strength Index (RSI): The RSI stands at 48.42, which is near the neutral zone but slightly leans towards bearish sentiment. This positioning suggests that the price might still have some room before it reaches the oversold condition. Moving Average Convergence Divergence (MACD): The MACD is currently below the signal line, indicating bearish momentum. The MACD histogram also suggests that the bearish momentum might be increasing as the bars are growing in size on the downside. Trend Analysis: The chart shows a descending trend line, indicating that the overall momentum has been bearish. The price is consolidating below this trend line, suggesting resistance against an upward move. Conclusion: The BTC/USDT market currently exhibits a bearish bias, as indicated by both the MACD and the descending trend line. Traders might consider looking for shorting opportunities at resistance levels, especially if the price fails to break above the trend line and shows reversal signs such as rejection candles or increased selling volume. For a bullish scenario, a break and close above the trend line and subsequent breach of R1 at $59,357.32 could invalidate the bearish outlook, potentially targeting R2 at $67,373.58. However, given the current indicators, maintaining a cautious approach with tight stop losses near resistance levels would be prudent. Entering trades on pullbacks to significant resistance levels or breakdowns below support levels with confirmatory signals from RSI and MACD could optimize entry points. Monitoring the RSI for signs of divergence or an approach towards oversold conditions could provide additional clues about potential reversals or slowing momentum.
by MarsSignals
BTC – Weekly Perspective – 12/05 to 19/05It seems to me that the correction theorized in previous analyzes is occurring. See the image below: Without further ado, let’s get to the graph. On a monthly basis, for the first time, the SETUP used is pointing to a corrective pivot. If so, a bear trap region is found at 51.8K, meaning if prices don't break out of this range, it won't fall much! The support points are: 53.5 and 51.8K at the moment. On a weekly basis, as I have been saying for a long time, we are within a corrective bearish pivot. Support point at 59.8K (which has worked so far) and 52.8K, with the loss of the 59.8K region. See the image below. As incredible as it may seem, the daily chart is completely repeating what SETUP points out on the weekly chart, corrections. Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below.
INDEX:BTCUSD
by MacD_Bollinger
BTCUSDT.4HThe 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis. Key Resistance and Support Levels: Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment. Resistance 2 (R2): $7,384.73 - A more substantial resistance level which, if surpassed, could signal a stronger upward trend. Support 1 (S1): $5,906.59 - Acting as the primary support, this level needs to hold to prevent further bearish momentum. Support 2 (S2): $5,608.28 - If S1 is breached, S2 could serve as the next critical line of defense against a deeper retracement. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 41.28, suggesting that there is potential for upside as it is below the neutral 50 mark but not yet oversold. Moving Average Convergence Divergence (MACD): The MACD is below the signal line, which typically indicates bearish momentum. However, the histogram shows that negative momentum is waning, suggesting that a reversal or consolidation might be near. Trend Analysis: The price is showing a descending pattern, characterized by lower highs, which is evident from the descending trend line. This suggests an overarching bearish pressure. However, the recent formation might suggest a consolidation phase or potential reversal if the price can break the descending trend line and hold above. Conclusion: Considering the technical outlook on the BTC/USDT 4-hour chart, the market is at a pivotal point. Traders should watch for a potential reversal if the price can sustain a breakout above the descending trend line. A successful break above R1 at $6,729.71 could validate a bullish bias, potentially targeting R2 at $7,384.73. However, given the current bearish setup indicated by the MACD, it's essential to remain cautious. If the price fails to break above the descending trend line and falls below S1 at $5,906.59, it might accelerate losses towards S2 at $5,608.28. Traders should consider using tight stop-loss orders to manage risks and possibly wait for a clearer signal, such as the RSI moving above 50 or the MACD crossing above the signal line, before taking more definitive positions.
by MarsSignals
🚧Bitcoin Needs Correction🚧✅ Bitcoin moved as I expected in the previous post . 💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴. 🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 📈According to Classical Technical Analysis , Bitcoin can also form the Head and Shoulders Pattern . 🔔I expect Bitcoin to fall after breaking the Uptrend line , at least to the first 🎯 Target 🎯 I specified on the chart. ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($65,650-$64,200) 🔴, the scenario will be changed. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-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.
Short
by pejman_zwin
11
BTCUSDT.4HAnalyzing the 4-hour chart for BTC/USDT, I'll examine several key technical components to guide my current investment decisions. Key Resistance and Support Levels: Resistance 1 (R1): $67,296.71 - This level signifies a recent peak where the price faced significant resistance. Resistance 2 (R2): $73,864.73 - A higher peak that represents a tougher psychological and technical barrier. Support 1 (S2): $59,065.59 - A key support level that the price has tested recently. Support 2 (S3): $56,083.28 - The next significant support level, reflecting a possible fallback point if S2 breaks. Technical Indicators: Relative Strength Index (RSI): At 54.32, the RSI indicates neither overbought nor oversold conditions, suggesting that there is room for movement in either direction without immediate pressure from traders looking to take profits or cut losses. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line with a histogram value in the negative territory, suggesting bearish momentum. It's essential to watch for any crossover above the signal line as it may indicate a shift to bullish momentum. Trend and Pattern Analysis: Descending Trend Line: The price has broken below this key trend line, indicating a potential reversal in the previously bullish sentiment. The validity of this breakout should be monitored closely for confirmation of a trend change. Price Action: There have been lower highs and lower lows recently, suggesting a short-term downtrend. However, the price stabilization near the current levels could mean a consolidation phase before the next significant move. Candlestick Patterns: Recent candlestick patterns indicate a struggle between buyers and sellers, with no clear dominance yet. The absence of significant bullish or bearish engulfing patterns near current levels suggests indecision. Conclusion: Given the current market setup on the BTC/USDT 4-hour chart, caution is advised. The break below the descending trend line might suggest bearish momentum, but the lack of strong selling pressure and the RSI's neutral position could imply potential consolidation or a reversal if new bullish signals emerge. Investors should consider setting stop losses below $56,083.28 to manage risk effectively. A watchful eye on the RSI and MACD for signs of a crossover or return to bullish territory could be crucial in the short to medium term. My strategy would involve a cautious approach, possibly waiting for more definitive signals before taking significant positions.
by MarsSignals
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance zone🎉Hi guys, I hope that you have a great weekend . 💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate . 🏃‍♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in the 🔴 Resistance zone($65,650-$64,200) 🔴. 🔔I expect Bitcoin to rise at least to the upper 🔴 Resistance zone($65,650-$64,200) 🔴 and possibly to the 50_SMA(Daily) . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-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.
Long
by pejman_zwin
16
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a continued downtrend with the formation of a descending triangle pattern, which is typically considered bearish. Bitcoin's current price is $63,034.98, and it has recently tested a significant support level (S1) at $59,065.59 without breaking below. Another key support level (S2) lies further below at $56,083.28. On the resistance side, the first significant level (R1) to watch is at $67,154.38. A break above this could signal a potential shift in the market sentiment from bearish to bullish, targeting higher resistance levels such as $74,007.06 (R2). The RSI stands at 47.63, indicating a neutral market sentiment but edging closer to bearish territory. The MACD is below the signal line, which supports the bearish momentum observed in the price action. For traders, the key strategy would involve watching how Bitcoin interacts with these pivotal levels: A rebound from S1 could offer a short-term buying opportunity, aiming for a retest of R1. A break below S1 could see a continuation of the bearish trend towards S2, offering a potential short position setup. A breakout above R1 might invalidate the bearish outlook and provide a bullish signal, with R2 as the next target. As always, traders should wait for confirmation of these movements through additional indicators and market volume to substantiate the trend changes or continuations.
by MarsSignals
1
🚨Bitcoin is Ready to Go Down again🚨✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃‍♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more than 4 months . 🔔I expect Bitcoin to start going down again and at least to the 🟢 Support zone($57,050-$56,550) 🟢. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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; 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.
Short
by pejman_zwin
48
⚠️Bitcoin Analysis (Mix of Patterns)⚠️👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃‍♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of the descending channel and 50_SMA(Daily) and Time Reversal Zone(TRZ) . 📈If we want to look at the chart from the point of view of the Classical and Harmonic patterns , Bitcoin has succeeded in breaking the lower line of the Symmetrical Triangle Pattern , and it seems that a Bearish 5-0 Harmonic Pattern is forming near the upper line of the 🟣descending channel🟣. 💡Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart. 💡 USDT.D% broke the 🔴 Resistance zone(4.72%-4.53%) 🔴 as I expected and is currently pulling back to this zone, the pullback structure seems to be forming with the Falling Wedge Pattern , I expect USDT.D% to rising again and this It will cause another decline in the cryptocurrency market .👇 🔔I expect Bitcoin to start falling again based on the above explanation. ❗️⚠️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.
Short
by pejman_zwin
32
BTC – Weekly Perspective – 04/21 to 04/28BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right? Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time. On the weekly basis, as I have been saying for some time, we are within a corrective bearish pivot. In principle, everything was normal. When faced with the daily bias, we have the situation in the image below, a bullish pivot, but with an arduous mission, to overcome the 68.4K region to continue with its upward trend without forming the C&H pattern. If you are unable to overcome this region, the correction may take place as shown in the image below. I would like to share a thought of mine with you: "Things should be measured in the long term, but never forget that they start in the short term! Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below
INDEX:BTCUSD
by MacD_Bollinger
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a downward trend with a descending trendline that marks the resistance level (R1). Currently, Bitcoin is priced at $60,082.01, with a significant support level (S1) at $63,097.93, which it has recently broken through. The next support levels are at $59,065.59 (S2) and $56,226.29 (S3). The resistance marked by the descending trendline and the resistance level (R2) at $74,007.06 highlight areas where sellers have previously entered the market, capping upward price movements. The price failing to maintain above S1 suggests that the bearish momentum may continue. The RSI is at 36.25, which is close to being oversold, indicating that the market could potentially see a reversal or at least a temporary halt in the downward momentum if buyers step in. The MACD is below zero and shows a continuation of the bearish momentum as the histogram bars are expanding in the negative territory. For traders, monitoring the price action near the next support levels (S2 and S3) could be critical. A rebound from these levels could provide long entry opportunities, ideally with confirmation from bullish divergence in the RSI or a bullish crossover in the MACD. If the price continues to decline through these supports, it could indicate a stronger bearish trend with lower targets in view. Conversely, a break above the trendline and R1 could signal a potential reversal to bullish conditions, targeting higher resistance levels.
by MarsSignals
📉 BTC Market Analysis 📊Recent Rejection and Retracement: BTC faced rejection near $67,200 and retraced to $62,000, highlighting the importance of the support zone between $60,000 - $61,500. Critical Support Level: The support between $60,000 - $61,500 must hold to avoid potential further decline. A breach could lead to testing lower levels such as $56,000 - $58,000 or $52,000 - $53,800. Market Sentiment: May historically witnesses price downturns, raising caution. BTC's movement may influence broader market trends. 🛑 Caution Ahead: Maintain vigilance as BTC navigates critical support levels. Market sentiment may impact asset prices accordingly. 📉🔍 Stay informed and observant of market dynamics! #BTCAnalysis #CryptoMarket 🚀📉
by Richtv_official
🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend . 🏃‍♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 . 🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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; 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.
Long
by pejman_zwin
39
Bitcoin Is Ready to Fall⏰(1-hour time frame)⏰🏃‍♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) . 📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Bitcoin to start falling after breaking the Support lines(weak) , at least until one of the Fibonacci lines . 💡To have a better view of Bitcoin , I suggest you look at the post below (4-hour time frame) .👇 ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-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.
Short
by pejman_zwin
19
🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃‍♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 . 🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I specified on the chart. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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; 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.
Long
by pejman_zwin
42
BTC/USD CHART ANALYSISHey There! This is my analysis for BTC/USD. As everyone knows we are in bearish scenario and many of us don't know where the next support would be. BTC/USD (BITFINEX) BTC/USD is forming a Falling Wedge pattern as shown in charts and According to me there are various confluence as shown in chart. After bitcoin broke 0.618 weekly support is now marching towards 0.786 weekly support. That's where I found confluence, 0.786 Fib support was previous ATH back in DEC 2017 and i used Fib Extension in which 1.282 formed fib cluster with 0.786 fib retracement, for those who don't know what Fib cluster is, It is confluence of two or more fib tools. After the confluence I found support between 19400 to 17600 from fib tools. The buying zones would be 1.20000-21000✔ 2.19000-17500 3. 15500-13500 WORST CASE SCENARIO NEXT I saw 200MA weekly, Going Backwards During March 2020 Corona period we were almost 30% down from weekly 200MA and now expecting the same as we are 10% down already from weekly 200MA, If price action goes as planned it may kiss the 15500 line as marked in the chart. The area between 15600-13500 can be a wick area where possibly wicks could be formed in weekly in the worst case scenario. Nobody wants bitcoin to go to that price range. As the cost of mining a bitcoin is $20000,BTC wouldn't be in that area for long time it will rebounce from the above mentioned chart. If global market become stable we would reverse from 17500-17600 If market is inflated with US intrest rates then 15300 possibly Any other bad fundamentals of big hedge funds worst case scenario would be 13500 last support according to me, If goes down further i'll have to find another job🤣 till market become stable. Hit Like and follow button if you like my analysis
BITFINEX:BTCUSD
by rahulxvaishnav
BTC Mapped out|Predictive Model for the next few yearsAll cycles consist of 3 tops. The first rally stays the same except for diminished returns and a lengthened cycle by 2 years each time. The last two tops don't stay the same and has different variations based on Convergence/Divergence, either price is diverging over all indications, or price may agree while technical indicators are not like seen with the 2021 top. As we enter this 3rd cycle I'm expecting a similar pattern to play out. Diminished returns, same rally for top number one, and to end the 3rd cycle off with another variation double top by the end of 2032.
INDEX:BTCUSDLong
by Nathanl19
BTC on the way downBitcoin (BTC) against Tether (USDT) is currently priced at $69,731. After an unsuccessful retest, it is anticipated that BTC will undergo another retest before plummeting to a support level of $52,500 to $52,800. The unsuccessful retest indicates a potential weakening in the buying momentum, leading traders and investors to anticipate a decrease in price. This forthcoming retest is viewed as a critical juncture; if Bitcoin fails to maintain its position or show strength, it may trigger a sell-off, driving the price down to the identified support range. MFI on 4h looks, so there can be some trap, ADX low, lets hope it is safe to open position. 1. Target 53 000
Short
by Bitcoinblockchainonline