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Btctechnicalanalysis

BTC/USDT.P UpdateI know you guys are excited about the bull action that finally came after a long wait, but this is where things can get volatile due to manipulation. Remember, if the price action is this obvious all the time, everyone would have been billionaires lol. Always keep an eye behind you and play on both sides of the market is the best way to go. With that said, we actually did not have a daily candle close "above" the previous major swing high, that is also what I considered as the CHOCH for the bullish trend change. I would be very interested to see if we can give it another attempt today and finally close above that major swing level at 70078. If we close above it on the daily candle, I'll be more bullish, until then, I expect pull backs to grab more liquidity. If it does dump, I'll be ready to accumulate more into my long positions. Trade safely guys! @Nate Alert PS** congrats to all the wins from last night's stream, glad to see so many of you making money!
by Nate36989
BTC/USDT.P UpdateNew week, new start. Here we are closing the week without any new bullish momentum which makes me suspect we are gonna need to seek out more liquidity before breaking above this trend line level. I've in this daily tf chart marked potential levels of where it could retrace to. It would be a swing trade or you can see this as potentially building your position before the bull rally starts to finally break that ATH into price discovery. I still think you need to trade with risk management regardless, because there are a lot of potential event volatilities coming up in the near future. I'll be scalping more in streams and swing in these market updates. Trade safely!
Short
by Nate36989
BTC/USDT.P Trade setupSwing Trade: if today's daily candle closes confirming the lower high, I would be interested to get into a swing short as we are likely retracing further down for a lower low retest some of the previous broke out areas. However, if in 7 hours and today's candle closes bullish and continues the the trend upwards, then this idea would be invalidated. I would not get into this trade until the this daily candle closes. It is Friday, and price action can get crazy (as you can see for the past few hours lol), trade safely.
Short
by Nate36989
BTC/USDT.P Market AnalysisHey guys, happy Friday. The analysis today will be an interesting one as we close out the week. Although recent price action has been relatively bullish, we have only closed above the most recent swing high trend line. That means the buyer dominance isn't as strong or will need more liquidity to push through the next level (yellow circle). Until we have a break out of that level, I think we might see more swing actions especially on Fridays. We are currently getting a local rejection off the bearish OB that was created a few days ago when we initially reached this most recent swing high, depends on which direction it breaks, you might want to place your trades accordingly. I think we have hit a local high for now and I would be more bullish if we can have a daily candle close above the trend line zone, I would add to my longs then. Until that happens, I'm going to hedge in a short, take some profits on my previous long setups and speculate. **Fridays are usually volatile especially during NY sessions, trade safely** @Nate Alert
by Nate36989
BTC reacting at trend line on Daily TFPA touched the trend line that I've been anticipating for the past few days and now showing a nice reaction. This could potentially be the beginning of the retrace on the daily TF that I've been waiting for. There is also the possibility of a minor retrace then continue momentum upwards, if that happens, I'll jump into market longs at semi-large positions. However, if it does retrace from here, I've marked the potential reversal points in yellow circles for reference. Trade safely! *Summary: I'm currently bearish during this retrace until PA proves that the momentum continues upwards.*
by Nate36989
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000? Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
Long
by BuySellStyle_engl
BTC Bitcoin In-Depth Analysis and Trade Idea👀 👉 Navigating Key Market Levels with Bitcoin Bitcoin (BTC) has broken market structure to the upside. On both the daily and 4-hour charts, we see a pullback into equilibrium, offering a potential buying opportunity. In this video, we dive into market structure, price action, and, most importantly, the trend. We also discuss how smart money has been targeting stop losses recently. The goal is to set up a trade that minimizes the risk of a stop run without compromising our risk-to-reward ratio. *Disclaimer: The information shared in this video is for educational purposes only and does not constitute financial advice. Always perform your own analysis or consult a financial advisor before making trading decisions.* 📊✅
Long
by fxtraderanthony
2
BTC on daily timeframe Based on the analysis provided for BTC in the daily timeframe, where it's indicated that BTC is currently in a range post reaching $74,000, and as long as it remains above $49,000 in higher time frames, signaling a bullish trend, the recommendation is to consider purchasing BTC around $57,000 for a potential new higher high. For this strategy, whether you are holding or actively trading, here are some key points to consider: 1. **Key Levels**: Monitor critical support at $49,000 and the previous high at $74,000 to identify potential entry and exit points. 2. **Risk Management**: Implement effective risk management strategies, such as setting stop-loss orders, to protect your investment and manage risk prudently. 3. **Confirmation Signals**: Look for additional confirmation signals from technical indicators or price action patterns to validate the buying opportunity near $57,000. 4. **Market Awareness**: Stay informed about market dynamics, news events, and factors affecting BTC's price to make well-informed trading decisions. By integrating these elements into your trading approach, you can refine your strategy and potentially enhance your outcomes in the volatile cryptocurrency market. Best of luck with your trading decisions!
COINBASE:BTCUSDLong
by somayehbasiri
BTC BITCOIN Technical Analysis and Trade Idea👀 👉 In this video, we explore BTC, which has recently exhibited bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am closely monitoring whether the price holds below the current range low. If a breakout occurs, I plan to enter a sell position, as explained in the video. However, if the price action doesn't align with the discussed setup, there will be no trade. It's essential to understand that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is crucial, as emphasised in the video. The analysis offers an in-depth look at the current trend, market structure, and price behaviour. Remember, this content is for educational purposes and does not guarantee success. Trading involves significant risks, so always implement strong risk management strategies. 📈✅
FOREXCOM:BTCUSDShort
by fxtraderanthony
2