Get started

1-BTCUSD

King Dollar Reigns Supreme: DXY Strategic Outlook🔸Hello guys, today let's review D1 price chart for DXY. We are trading inside well-defined multi year range, currently closing in on range highs. 🔸Every EURUSD trader need to study this chart and bookmark it in order to time his entries/exits for EURUSD. Dollar still reigns supreme. 🔸Range lows defined at 100.00 , range highs set at 106.75. This is the active trading range for DXY since early 2023 it's well-defined and it's very unlikely that price will exit this range any time soon so traders should focus on trading based on key s/r levels on the DXY price chart. 🔸Key Zones: S 100.25 / 101.25 / 102.75 R 105.25 / 106.50 🔸Currently I'm expecting pullback from overhead resistance 105.25 is the critical level where we can expect pullback in DXY, so that's when you want to also go LONG EURUSD, when DXY maxes out / enters pullback stage of the cycle. 🔸Recommended strategy position traders: when DXY hits resistance at 105.25, BUY/HOLD EURUSD, target is 200/300 pips on BUY side for EURUSD. Once the pullback in DXY is over/complete at 102.70, short EURUSD, final target on sell side for EURUSD is 1.0500. Good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:DXYLong
by ProjectSyndicate
11
BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
by habib75rajabi
Bearish Signals Ahead:Pattern Could Trigger a Downtrendhello guys. let's analyze btc! Pattern Formation: The chart shows a classic "Head and Shoulders" pattern, a bearish reversal indicator. The pattern consists of a left shoulder, head, and right shoulder. Resistance Level: The recent price action reached a resistance zone, forming a double top near 69,000. This is a key level where sellers have shown strength. Blue Zone (Engulfing Condition): If price can break and close above this blue highlighted area, it could indicate a possible bullish recovery. Potential Downward Movement: If the pattern plays out as expected, and price breaks below the neckline support (around 66,500), it may confirm the downtrend, targeting lower levels. Key Support Zone: The ultimate support is marked around 64,500, where buyers might look to enter if price declines. long story short, get a short position and put your stoploss behind the blue area if your stoploss hits then change the strategy to long! until the $69020 area! short target is $64503
Short
by melikatrader94
7
Bitcoin Analysis: Triangle Breakout with Bullish Potentialhello guys. Pattern Breakout: Bitcoin appears to be breaking out of a triangle formation, a bullish signal that often suggests potential for upward momentum. Flip Area: The support zone marked as the "flip area" around $67,200 acts as a strong support level. Potential Scenarios: Immediate Breakout: If Bitcoin holds above the triangle, it could make a direct move towards the upper target range around $71,000. Retest and Bounce: There is also a possibility of a slight retracement, potentially down to the $67,200–$68,000 range, before bouncing and resuming the uptrend. Resistance Target: The primary resistance level to watch is around $71,000, which aligns with a previously established high. Breaking above this could lead to further bullish momentum. Outlook: The setup looks favorable for a bullish move, especially if Bitcoin maintains momentum above the triangle and key support levels.
Long
by melikatrader94
10
Phemex Analysis #32: BTC to $70,000 Amidst US Election VolatilitPHEMEX:BTCUSDT.P has surged past the $70,000 mark and is now testing the formidable $72,000 resistance level. This bullish momentum has ignited excitement among crypto enthusiasts, but the looming US Presidential Election adds an element of uncertainty to the market. Potential Scenarios 1. Bullish Continuation: If Bitcoin successfully breaks through the $72,000 resistance level, it could trigger a significant upward movement.Strong buying pressure and positive sentiment could propel the price to new all-time highs. A clear and decisive victory for Donald Trump in the US Presidential Election could further fuel bullish momentum. 2. Bearish Reversal: If Bitcoin fails to break through the $72,000 resistance level and encounters strong selling pressure, it could lead to a price correction. A highly contested or uncertain election outcome could create volatility and risk aversion among investors, potentially leading to a sell-off. Trading Strategies I. Bullish Strategy: Buy the Breakout: If Bitcoin breaks above the $72,000 resistance with strong volume, consider buying. Take Profit: Set a take-profit target at a higher resistance level, such as $80,000. Stop Loss: Place a stop-loss order below a key support level, like $65,000, to limit potential losses. II. Bearish Strategy: Short Sell: If Bitcoin fails to break above the $72,000 resistance and starts to decline, consider short-selling. Take Profit: Set a take-profit target at a lower support level, such as $65,000 or $58,900. Stop Loss: Place a stop-loss order above the $73,850 (all-time high) resistance level to limit potential losses. III. Buy the Dip Strategy: If Bitcoin experiences a correction during a bearish scenario and you maintain a long-term bullish outlook, consider buying the dip at key support levels like $65,000 or $58,900. Short-Term Profit: For short-term gains, you can take profit at $72,000 or $73,850. Stop Loss: Place a stop-loss order at the next support level. For example, if you enter at $65,000, consider placing a stop-loss below $58,900. Conclusion Bitcoin's recent surge and the upcoming US Presidential Election have created a dynamic market environment. While the potential for further upside exists, it's crucial to remain cautious and manage risk effectively. By carefully analyzing market trends, understanding key support and resistance levels, and implementing appropriate trading strategies, investors can navigate the volatility and capitalize on potential opportunities. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Bitcoin strong growthAccording to the latest data that our team receives, we concluded that the global market maker has finished accumulating its three main assets: BITSTAMP:BTCUSD , BITSTAMP:ETHUSD and BITSTAMP:SOLUSD . The main idea is to realize and lock in profits on these three assets and further profit spillover into altcoins. We expect that in October-November there will be a local growth, which will also trigger the growth of a number of altcoins (local market makers such as GSR, Wintermute and others will start playing out their plans on altcoins). Based on chart analysis, we expect Bitcoin to rise to the $70300-71200 area, which compares to the 1.5 and 1.618 Fibonacci levels respectively; we also consolidate above the 50 EMA. Among altcoins, BINANCE:WLDUSDT , BINANCE:APTUSD , COINBASE:BLASTUSD and COINBASE:DRIFTUSD look good. Expect localized growth on these assets! Best wishes, Horban Brothers!
Long
by horbanbrothers
BTCUSDT Golden Cross Signals Strong BullishBINANCE:BTCUSDT daily chart shows a Golden Cross, a pattern that has historically been a strong indicator of bullish momentum. A Golden Cross occurs when the 50-day moving average (MA 50, in purple) crosses above the 200-day moving average (MA 200, in blue). This crossover is generally viewed as a signal of a long-term trend reversal, suggesting that bullish momentum is building. Whenever this crossover has occurred in the past, Bitcoin has experienced substantial upward price movement in the following months. Currently, CRYPTOCAP:BTC has broken through broadening wedge resistance levels on the daily chart and is trading near $71,000. This price action aligns with the Golden Cross, reinforcing the potential for a continued bullish move. With BTC consolidating above key levels, a breakout above $70K could trigger further buying interest and sustain the uptrend. If BTC can hold its position above the 200-day MA and breakthrough additional key resistance levels, the price could continue to climb. Potential targets range from 100-200% gains from this level, similar to past Golden Cross rallies. Regards Hexa
Long
by HexaTrades
ETH: Maybe up? Maybe down?I painted the May '24 breakout pretty well. This was the breakout running into the ETF approval. Buy the Rumor. Sell the news event. And ETH has been selling off ever since. All considered, ETH seem to be setting a trend of higher lows as it's attempting to break the trend. Either way, it will break this consolidation sooner or later. ETH/BTC is the important chart to keep an eye on. BTC could rips to the upside (as it often does) and ETH would sell off on the ETH/BTC pair. Not all bad. BTC profits often rotate into ETH gains. Just like the good old days. BTC Gains --> ETH BOOM! Take profits.
GEMINI:ETHUSDLong
by BitInfo12
4
Bitcoin Faces Bearish Pressure Amid Tether InvestigationIf you didn’t purchase BTC before the last rally: Now Bitcoin's recent performance may be overshadowed by growing concerns surrounding the stability of the cryptocurrency market, particularly in light of the U.S. Department of Justice (DOJ) launching a criminal investigation into Tether, the issuer of the popular stablecoin USDT. According to reports from the Wall Street Journal, this investigation, spearheaded by the U.S. attorney’s office in Manhattan, is examining potential violations of sanctions and anti-money laundering regulations. Tether has been a crucial component of the cryptocurrency ecosystem, as its dollar-pegged stablecoin is widely used for trading and liquidity across numerous exchanges. Any negative developments in the investigation could undermine confidence in USDT, leading to broader implications for Bitcoin and other cryptocurrencies that rely on stablecoins for stability and transaction efficiency. Investors may become increasingly wary, fearing that regulatory actions could restrict Tether's operations or even jeopardize its ability to maintain its peg to the U.S. dollar. A loss of faith in USDT could trigger panic selling, as traders might rush to liquidate their positions in Bitcoin and other assets, leading to increased volatility and downward pressure on prices. The scrutiny surrounding Tether could prompt regulators to examine other stablecoins and cryptocurrency projects more closely, adding to the uncertainty and potential for further regulatory crackdowns. This environment of increased regulatory oversight could deter new investors from entering the market and may lead existing investors to reassess their positions.
Short
by TopgOptions
BTCUSD—Achieves 70K; Short-Term Correction ProbableGM crypto bro’s, this morning’s fear and greed index holds steady at 72 in the greed zone, while Stoch RSI rebounds after touching oversold levels. Last night, BTC hit our anticipated 70K target—a mark discussed in previous updates. While yesterday’s market update hinted at a correction, BTC surprised us with an impressive pump to reach 70K. Next move for BTC? Given the elevated greed level and recent pump, we might expect a brief correction down to 68K in the near term. Remember, probability is just that—probability. Stay vigilant, avoid FOMO, and manage your risks. Akki signing off—one chart, one love. Have a great day and stay SAFU.
INDEX:BTCUSD
by x_Akki
2
Whether to challenge the ATH is the point of interest Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing an upward breakout of the 1st section. Accordingly, the key is whether the price can be maintained above the 68393.48-69031.99 section and rise to around 71280.01. If it shows a sharp rise, it is expected to touch around 73000.0. If it rises above 70148.34, the StochRSI indicator is expected to rise to around 50, so you should be careful about volatility. --------------------------------------- (BTCUSDT.P 1h chart) When viewed with the Linear Regression Channel indicator that automatically draws parallel channels, it shows an upward breakout of the upper part of the channel. Accordingly, when entering the channel, we need to check at what point support and resistance will be shown. Currently, it is expected to check whether support is found by touching the 69020.1-69332.4 section or the 70168.8-70320.3 section. The 5EMA of the 1D chart is rising to around 68447.9. The next volatility is likely to occur when touching the 5EMA of the 1D chart. If it touches the 70168.8-70320.3 section and falls, the 68447.9 point is expected to be the liquidation point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Bitcoin remains in bullish territory - my next tradesLet’s break down the current cycle indicators and what they mean for BTC: 1. 1-Day Cycle Indicator (Blue Line) - This tracks Bitcoin’s short-term trend (1 week) and ranges from 20 (oversold) to 80 (overbought). It’s currently at 29, hinting at a potential bullish reversal for the week ahead. This could indicate an upswing in the short term if momentum follows through. 2. 3-Day Cycle Indicator (Violet Line) - Great at forecasting the trend for the next 12–18 days, especially in a sideways market (like the last 6 months). With the indicator nearing 80, there’s room for some upside in this cycle, suggesting that BTC could see positive movement next week. 3. 1-Week Cycle Indicator (Red Line) - Provides a broader view, indicating longer-term trend reversals (1–2 months). It’s currently at 93, placing it in overbought territory, which signals a potential for a larger trend reversal as we look further out. This could suggest a corrective phase may be on the horizon. Summary: While short- and medium-term indicators suggest near-term gains, the high 1-week cycle reading hints that a longer-term pullback could follow soon.
BITSTAMP:BTCUSDLong
by TheStrategyMaster