{"id":4539,"date":"2024-11-04T18:00:31","date_gmt":"2024-11-04T18:00:31","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/11\/04\/bitcoin-and-ethereum-analysis-price-movement-key-levels\/"},"modified":"2024-11-04T18:00:31","modified_gmt":"2024-11-04T18:00:31","slug":"bitcoin-and-ethereum-analysis-price-movement-key-levels","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/11\/04\/bitcoin-and-ethereum-analysis-price-movement-key-levels\/","title":{"rendered":"Bitcoin and Ethereum Analysis: Price Movement & Key Levels"},"content":{"rendered":"
\n

Overall Analysis<\/span><\/strong><\/h2>\n

Bitcoin moves upwards in the 3rd Nov trading session, facing rejection from a higher level and indicating sideways momentum.\u00a0\u00a0<\/strong>
\nEthereum, on the 3rd Nov trading session, synced with Bitcoin and is currently moving near major support levels.\u00a0<\/strong><\/p>\n

Bitcoin Chart Analysis\u00a0<\/span><\/strong><\/h2>\n

BTC\/USD 15-Minute Chart (Source: TradingView<\/a>)<\/em><\/p>\n

In the trading session on October 3, 2024, Bitcoin showed an upside rally in a 15-minute time frame, eventually facing rejection at the $69,600 level.<\/p>\n

Currently looking at trends on higher time frames (daily time), Bitcoin is in a bull run<\/a>, and<\/span> the price is <\/span>taking a pause on<\/span> a higher level, hence creating swings.\u00a0<\/span><\/p>\n

Looking at Bitcoin in a 15 min time <\/span>frame,<\/span> we can see price is currently moving in a tight zone, creating a sideways moment. The price has faced strong rejection multiple times, between $69,500 and $69,916.<\/span><\/p>\n

If talking about the trade opportunities, <\/span>then<\/span> scalping trade can be captured in the current market with strict stop loss. Here are a few entry triggers.\u00a0<\/span><\/p>\n

If the price takes support from the swing trendline, then entry can be made based on a strong buying candle with a stop loss below the recent swing and a target of $69,500 and $69,900 based on trailing stop loss.\u00a0<\/strong>
\nIf the price breaks the trend line and settles below it, then plan to sell-side entry once the price breaks the $68,667 level with a stop loss above the recent swing high and target to $67,887.<\/strong><\/p>\n

Please note that Bitcoin is currently in the sideways zone; one must use a stick-trailing method.\u00a0<\/strong><\/em><\/p>\n

Ethereum Chart Analysis\u00a0<\/span><\/strong><\/h2>\n<\/p>\n

ETH\/USD 15-Minute Chart (Source: TradingView<\/a>)<\/em><\/p>\n

During the trading session on October 3, 2024, Ethereum moved upside down and faced rejection at the $2,490 level. Price moment can be clearly <\/span>seen syncing<\/span> with Bitcoin; hence, both the major cryptos<\/a> are in a sideways zone.\u00a0<\/span><\/p>\n

Looking at Ethereum on a daily time frame, we can <\/span>clearly<\/span> see that the price has been in the channel for a very long time; hence there are low moments in the price.\u00a0<\/span><\/p>\n

If planning for an entry make sure the price is moving in a strict area impacting risk to reward ratio. Talking about entry triggers, there are a few mentioned below.<\/span><\/p>\n

If the price takes support from the recent trend line, then entry can be made for the target of $2,490 and stop loss below the previous swing low. Make sure to trail the target, as a price break above the $2,496 level and a successful settlement could lead to higher levels.<\/strong>
\nIf the price breaks the supporting trendline and settles below it, then wait for it to break the $2,450 level, then make an entry for the targets of $2,420 with a stop loss above the previous swing high.<\/strong><\/p>\n

The post Bitcoin and Ethereum Analysis: Price Movement & Key Levels<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Overall Analysis Bitcoin moves upwards in the 3rd Nov trading session, facing rejection from a higher level and indicating sideways momentum.\u00a0\u00a0 Ethereum, on the 3rd Nov trading session, synced with Bitcoin and is currently moving near major support levels.\u00a0 Bitcoin Chart Analysis\u00a0 BTC\/USD 15-Minute Chart (Source: TradingView) In the trading session on October 3, 2024, […]<\/p>\n","protected":false},"author":0,"featured_media":4540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/4539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=4539"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/4539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/4540"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=4539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=4539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=4539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}