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1-BTCUSD

Bitcoin Still Targeting New ATHHey there, Just wanted to share an update on Bitcoin. Since March 2024, it has been trading within a 30% range, showing significant consolidation. I'm leaning bullish because Bitcoin has left a lot of untouched liquidity behind, and I believe it's only a matter of time before we break the all-time high. If you've been trading the long side swings, you've likely taken profits from previous order blocks. Interestingly, most traders are ready to go long on Bitcoin above $70,000 instead of taking positions within the current range (if we break immediatly, I would also long it on my Futures Account). Personally, I'll be looking to catch two separate spot buys with different position sizes if the market breaks down. It would be great to see a new low for a better risk-reward ratio. Best regards
Long
by umothegreat
BTCUSD—Oversold Stoch RSI Signals Possible CorrectionGM crypto bro's, happy weekend! The fear and greed index is currently inaccessible—likely under maintenance. However, Stoch RSI is heading towards oversold territory, and the BTC candle close on the 25th broke through the previous day’s bullish engulfing. So, where to next? Based on today’s price action, there's a strong probability that BTC will correct to the 65K - 64K range, possibly even lower. Stay safe, don’t FOMO, and as always, manage your risk. Akki signing off—one chart, one love. Have a great day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTC/USDT short setupBTC/USDT short setup Date: 10/24/2024 Author: Crypto Rado ( Rhino Aka Bear ) Timeframe: 15M & 4H Following the rejection from $69,566, Bitcoin experienced a 3-leg movement down to the $65,200 zone. From there, we saw another 3-leg upward correction, indicating that the short zone lies within the 0.61-0.7 Fibonacci retracement level, which has now been reached. From this point, my strategy is to short BTC, targeting the 1.272 Fibonacci extension, located between $64,200 and $63,700. On the 15-minute timeframe, a bearish divergence has already formed, and on the 4H timeframe, this divergence is in the process of forming, which would likely be confirmed if BTC reaches the 0.786 Fibonacci level. Key Levels to Watch: Bullish breakout: $69,566 Bearish breakdown: $66,750 Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Short
by RhinoAkaBear
35
Second section is an attractive buy section (confirm support) 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 seems to have met resistance in the 68393.48-69031.99 section and fallen below 67414.39. Accordingly, we need to check for support near 67414.39. If it meets resistance at 67414.39 and falls, we need to check for support near 65602.01-65920.71. - BW (50) is showing signs of being newly created at 66668.65. Accordingly, the key is whether BW (50) can be supported near the newly created point and rise above 67414.39. - Since the StochRSI indicator has currently entered the oversold zone, the decline is strong. Therefore, if it fails to maintain the price by rising above 67414.39, it is likely that an additional decline will occur and it is recommended to consider a countermeasure. When the StochRSI indicator rises above the oversold zone and maintains the state of StochRSI > StochRSI EMA, the upward trend is likely to begin. Therefore, the 2nd zone (65920.71-67414.39) is an important support and resistance zone. In addition, since the M-Signal indicator on the 1D chart is passing the 65920.71-67414.39 zone, it is even more important. - Checking for support is a difficult and tedious task. Therefore, it is also good to refer to the location of the StochRSI indicator or BW indicator to help confirm the direction when checking whether there is support. I think that you can create a much better response plan than drawing a trend line and checking whether it goes up or breaks away from it. Trend lines are used for chart analysis, but they are not very helpful in conducting actual trading. The reason is that they are made of diagonal lines. Therefore, I think that it is good to use trend lines in combination with support and resistance points drawn on 1M, 1W, and 1D charts to confirm the period of volatility. Since a pattern is meaningful when it is completed, you should not try to think in terms of fitting it into a pattern. - After all, the purpose of everything displayed on a chart should be to conduct trading. Therefore, you should check what kind of movement is shown at the support and resistance points drawn on the chart and trade accordingly to make a profit. Since the StochRSI indicator has currently fallen below 50, we should look at the chart with the purpose of finding a time to buy. For that purpose, the 2nd section (65920.71-67414.39) is an attractive buying section. If it falls in the 2nd section, the next buying section is likely to be 61099.25-62791.03. The reason for this is that the M-Signal indicator on the 1W chart is passing around 62791.03. - Therefore, we should know how to wait when we wait, and when it is time to start trading, we should start trading boldly. I think it is time to wait because it is still confirming support and resistance. - 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 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the 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: The Short and Long (Term) ViewI want to give a video breakdown of my last Tradingview post which did very well as an Editor's Pick. Commentors posed some very good questions that deserve detailed explanations. First, I talk about the confluence of three major levels of Resistance that setup last week and remained the overhead Resistance of INDEX:BTCUSD Bitcoin this week (and possibly in the short term). Finally, lest I be accused of being TOO BEARISH... my LONG TERM view (going out for the next decade and beyond) using logarithmic projections of Bitcoin price action to define the Risk and Reward of a long term (2030 and beyond) investment. When Bitcoin is a good and not-so-good value proposition.
INDEX:BTCUSDShort
by norok
3
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now: Click chart above to see the detailed analysis👆🏻 The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin. Levels to watch: $70.000, $100.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
16
MicroStrategy's Bullish Run: A Closer LookMicroStrategy, a business intelligence company, has been making significant strides in the cryptocurrency market, particularly with its substantial Bitcoin holdings. The company's market capitalization is inching closer to that of Coinbase, a major cryptocurrency exchange. This surge in valuation has sparked interest and speculation among investors and analysts alike. A Strategic Bitcoin Bet MicroStrategy's aggressive Bitcoin buying strategy, spearheaded by CEO Michael Saylor, has positioned the company as a major player in the cryptocurrency space. The company's belief in Bitcoin's long-term potential as a store of value and a hedge against inflation has driven its decision to allocate a significant portion of its treasury to the cryptocurrency. This strategic move has paid off handsomely, as Bitcoin's price has soared recently. As a result, MicroStrategy's stock price has also experienced substantial growth, attracting the attention of investors seeking exposure to the cryptocurrency market without directly owning Bitcoin. Market Cap Milestone Looms With its market capitalization steadily rising, MicroStrategy is on the cusp of a major milestone: overtaking Coinbase's market cap. At the time of writing, MicroStrategy is just $3.9 billion away from achieving this feat. This would be a significant achievement for a company that was once primarily known for its business intelligence software. Factors Driving MicroStrategy's Success Several factors have contributed to MicroStrategy's impressive performance: 1. Bitcoin's Price Appreciation: The continued rise in Bitcoin's price has directly benefited MicroStrategy, as the company's Bitcoin holdings have increased in value. 2. Institutional Adoption of Bitcoin: Growing institutional interest in Bitcoin has legitimized the cryptocurrency and increased its appeal to mainstream investors. 3. MicroStrategy's Strong Balance Sheet: The company's solid financial position has enabled it to weather market volatility and continue its Bitcoin accumulation strategy. 4. Investor Confidence in Michael Saylor's Vision: Saylor's unwavering belief in Bitcoin and his ability to execute on his strategy have instilled confidence in investors. Technical Analysis: A Bullish Outlook Technical analysis of MicroStrategy's stock chart reveals a bullish trend. The stock has been forming higher highs and higher lows, indicating a strong uptrend. Additionally, the recent surge in trading volume relative to Nvidia, a tech giant, suggests increased investor interest and potential for further price appreciation. The MicroStrategy stock-to-BTC ratio has also hit an all-time high, surpassing the levels seen during the 2021 bull run. This indicates that investors increasingly value MicroStrategy's Bitcoin holdings, which could further drive the stock price higher. Potential Risks and Challenges While MicroStrategy's future looks promising, it is important to acknowledge the potential risks and challenges that could impact the company's performance: 1. Bitcoin Price Volatility: Bitcoin's price is highly volatile, and any significant decline could negatively impact MicroStrategy's valuation. 2. Regulatory Uncertainty: Changes in cryptocurrency regulations could create uncertainty and hinder the company's operations. 3. Competition from Other Bitcoin-Focused Companies: Other companies may emerge as strong competitors, challenging MicroStrategy's dominance in the Bitcoin investment space. Conclusion MicroStrategy's impressive performance and its strategic focus on Bitcoin have positioned it as a major player in the cryptocurrency market. As the company continues to execute its strategy and benefit from Bitcoin's long-term growth potential, its market capitalization could surpass that of Coinbase, marking a significant milestone. However, investors should be mindful of the inherent risks associated with cryptocurrency investments and conduct thorough research before making any investment decisions.
NASDAQ:MSTRLong
by bryandowningqln
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
Bitcoin - DOUBLE TOP Weekly TimeframeA Double top in the weekly timeframe is never a good sigh - however, all is not yet lost. One final pattern remains to be seen - and that is the Bump and Run method. Perhaps we can bump that diagonal support around 65k, retest the bulls' determination - and then make the final impulse wave up. There is a fakeout observed on Dogecoin as well, and alts that have increased alongside BTC over the past week will likely fall pretty hard IF Bitcoin cannot keep closing ABOVE 65K. ______________________ BINANCE:BTCUSDT
by CryptoCheck-
4
Understanding The Basics Of AI/Inference Engine ConstructionRecently, there has been a lot of discussion related to my SPY Cycle Patterns and how they work. In short, without disclosing proprietary code/quants, I built an inference engine based on Fibonacci, GANN, and Tesla theories. Part of this inference engine is to identify the highest probable outcome related to the patterns. This is not rocket-science. This is the same process your brain does when determining when and what to trade. The only difference is I'm doing a bunch of proprietary calculations/quants related to data and price theory in the background, then the inference engine determines the best, most likely outcome. Take a few minutes to watch this video and try to understand the difference between static and dynamic modeling. Again, my objective is to help as many traders as possible. My Plan Your Trade videos are my opinions based on my skills, knowledge, and proprietary modeling systems/tools. None of my tools are 100% accurate all the time - nothing is. But, I do believe the quality of information and instructional information I provide is invaluable to most traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NASDAQ:QQQEducation
by BradMatheny
2
GOLD VS BITCOIN Bitcoin is often referred to as digital gold as they are both stores of wealth, but how do the charts compare? Firstly GOLD has been around for much much longer than BITCOIN so naturally the charts are not comparable in terms of duration and that should be taken into account. Golds PA plays out over a much longer timespan to BTCs but the chart patterns are certainly similar. We have Golds previous rally peaking in 2011 before falling with a rounded bottom, the exact same as Bitcoins structure from the last bull cycle. Gold then steadily climbs over the HTF stalling briefly at a bearish orderblock (blue box's) which is the same as BTC. Continues to climb to reach previous ATH before distributing/accumulating with sideways choppy price action. So cleqarly Gold and Bitcoin share a lot of similarities, where they differ in their charts is what happens after ATH and into price discovery... Gold continued its rally for a further 32% increase once it broke out above the trend channel/ mini range at the ATH level. Bitcoin is looking to do the same and if successful, price discovery should exceed the 32% increase the gold saw because of the difference in market caps of the two assets. Gold market cap: $18.3T Bitcoin market cap: $1.35T Such a massive difference in market caps means less investment is needed to create the price increase and so I believe 32% is a super conservative estimate but we'll use it as an example for comparison. That would take BTC up to ~$92,000, a more than doable move IMO.
OANDA:XAUUSD
by ProR35
BTC UPDATE (12H)This analysis is an update of the analysis you see in the "Related publications" section Before anything, know that there are always many market scenarios and we always publish the most probable scenario. With many reviews, this Bitcoin scenario seems to be more correct. There has been no change in the movement process and only the amount of price correction and then its retracement has changed. Our latest view on Bitcoin is as follows. Closing a daily candle below the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
TONUSDT Potential breakout from a down trendTONUSDT is in a prolonged sideways movement above the psychological level at 5.00, creating a range between 5.00 and 5.40. This structure suggests potential liquidity beneath the 5.00 level, particularly as it aligns with the round number. It’s likely the market may continue moving sideways before eventually dipping to capture this liquidity. Additionally, the formation of an inverse head and shoulders pattern hints at a possible bullish reversal. If the pattern completes, it could signal a shift in momentum and a potential breakout above the range. The mid-term target is the resistance zone at 6.00
Long
by RTED_Investing
SPY/QQQ Plan Your Trade For 10-25: Rally111 PatternHappy Friday, Today is potentially the start of a moderate rally phase in the SPY/QQQ headed toward my predicted peak level near October 30-31. Although this week has had lots of rotation, we've seen the markets hold up pretty well. Tesla surprised with earnings recently after Boeing and other issues prompted a bit of panic selling. My research suggests the SPY/QQQ will attempt to move a bit higher over the next 3-4 days - attempting to setup a peak just before the election. The 3-4 days prior to the election are likely to be very volatile as liquidity dries up. Traders need to stay keenly aware of risks over the next 15+ days - even after the election day. Whatever happens on election day, we are likely to see some moderate level of unrest and challenges related to who won. I believe the current election will be the most watched and validated election in US history. Everyone is watching for errors and shenanigans this time. As traders, our #1 job is to protect capital. That is why I suggested traders more to 80-85% CASH over the past 2+ weeks. There is no reason to be engaged in this market at full allocation levels when I expect the markets to become extremely volatile (and potentially prompt a flash-crash type of event). Remember, lack of liquidity means extreme price volatility. Gold and Silver are moving into another rally phase. Get ready to see Gold above $2800. Bitcoin is still consolidating - just as I expected. This is the time to play it smart. Trade smaller allocation levels and prepare to hedge against risk factors over the next 2-3 weeks. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
1
BTCUSDT Strong support at $65,000BINANCE:BTCUSDT on the daily timeframe is forming a descending broadening wedge, with the price currently testing the upper resistance trendline. This pattern often suggests a potential bullish breakout if the price successfully surpasses the resistance. The volume profile shows significant trading activity between $65,000 and $67,000, indicating this range as a key support zone. Additionally, lower trading volume above the current price may suggest lighter resistance if the price moves higher. The $65,000 level is acting as strong support, while $69,000 serves as potential resistance. A breakout above the wedge could signal the start of a bullish rally. Regards hexa
Long
by HexaTrades