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1-BTCUSD

$BTC back below $60k before the election?CRYPTOCAP:BTC has been consolidating in a series of lower highs ever since the March highs. Everyone is extremely bullish here calling for new highs by this week or end of year. I've seen multiple people on Twitter share that they market bought $100,000k+ of BTC in the last week. I don't think the trade is going to be that easy and the chart is shaping up to have a similar view. If we look at the chart, you can see that price is rejecting off of the upper trend line from both the larger structure as well as the smaller channel inside of that larger structure. Unless price can break above those levels, I think price is most likely to head down from here. I know everyone's downside targets for a pullback are in the $63k-67k range, but the chart tells me that we should see lower. My base case from here is that we get down to the two lower supports at $54-56k, but I'm open to the possibility of a bounce at $59k. I'm not shorting here this move. I never short crypto. I'm just sharing this view to provide a better entry for those looking to get in the market and establish a new position, or to prevent those from losing money (especially leveraged positions) on the move down. I'm still of the view (as of now) that this move will be the start of a larger move down, but I'll wait to share more on that after this pullback plays out (if it does).
BITSTAMP:BTCUSDShort
by benjihyam
BTC USD IdeaWe were really hoping to see the price cruise through the 70K target, which would have turned the previous bearish range bullish. However, the market maker has taken lout last week's high, and we're now seeing a bullback . My ideal scenario is to enter the mid-range, fill all the gaps from last weeks price action , and leave last week's low in place. This would be also a discount zone at the current range, where I can safely start adding scalps and swing long positions. While this is my ideal plan, let's see what actually happens. For now, I'm scalping through my important levels and observing how things play out.
COINBASE:BTCUSDLong
by themarketknight
New bitcoin pattern on 1WUsually on Monday we publish analytics with a local perspective, but this time we have not enough information for a full-quality forecast. Nevertheless, this week is notable for the fact that a new EXP pattern has formed on INDEX:BTCUSD on the weekly timeframe. It is notable that we have an earlier pattern from May 21👇 And the new pattern is essentially the "big brother" of the smaller pattern and gives us more distant target levels (as is often the case with higher-level patterns, most likely not all of them will be reached). The fact that the formation of this model occurred through the touch of the trend line increases the probability of a test of $73,757 and $77,723 (but only increases, the level of uncertainty is still high).
INDEX:BTCUSD
by TSFC
1
October 18 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is no separate Nasdaq indicator announcement today. It is continuing to move sideways in an upward direction, and the MACD dead cross on the 6-hour chart has been released, so it seems important to move until 9 o'clock soon. At the bottom left, Yesterday's 17th analysis article Long position entry section Purple finger 66942.5 dollars I connected it to today's strategy as it is. *One-way long position strategy when the red finger moves. 1. 67766.5 dollars Long position entry section / Stop loss price when the green support line is broken I marked the 1st section (68.1K) with a purple finger at the top. If you break through the first section right away, it is an upward trend. If you touch and adjust down, 67.7K long position best. If you adjust right away without touching the first section from the current position, The final long wait is at the bottom at section 2 at 67,512 dollars. 2. 68,808.5 dollars long position 1st target price After that, it seems advantageous to operate with a focus on long positions without operating a short position separately. I have indicated the final target price from Good -> Great -> Miracle. On the other hand, if the green support line breaks away today, it may fall strongly, but since it is a 1+4 section to the bottom, it will be an upward sideways correction, and it may be pushed down to 3 -> 66,406.5 dollars by the weekend, so please note. In that case, it will take more time to reach 100 million this weekend or next week. The most important thing is Nasdaq, right? Up to this point, I ask that you simply use my analysis for reference and use only I hope that you operate safely with principle trading and stop loss prices. Thank you for your hard work this week. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
1
The US ELECTION gives Wall St confidence and Bitcoin pumps.Satoshi 4 year cycle neatly intertwines the the USA #election cycle and the debt/interest rate cycle / The business cycle. To gives us predictable patterns of outperformance. The months of November into Spring post halving is essentially the Banana zone. Let's make the most of it ... you should be allocated into you main core coins and buying into strong #altcoins that are capturing the zeitgeist. I believe #Solana is likely to outperform on their respective ratio #Pulsechain may surprise people once #ETH closes in on the $4,000 mark And #TitanX ecosystem to continue to flourish in a #DEFI resurgence. (TitanX is the best example of DEFI i have seen so far.) VC coins may likely continue their relative underperformance as the collective crowd shuns the poor deals offered to us.
INDEX:BTCUSDLong
by BallaJi
8
BTC Shows Bullish Momentum with Potential for Explosive RallyMarket Overview: Bitcoin's price action has turned increasingly bullish, making higher highs since late August, signaling a notable shift in momentum. The $50,000-$55,000 support zone held strongly in early September, followed by a formation of a higher low, indicating strong buyer interest. Key Levels to Watch: Resistance: $70,000-$72,000 Potential Target: $100,000 to $120,000 Outlook: If Bitcoin successfully clears the $70,000-$72,000 resistance level, we may witness an explosive rally, possibly leading Bitcoin to reach new heights between $100,000 and $120,000. Given Bitcoin's historical tendency to lead the cryptocurrency market, a breakout could initiate a new altcoin season, driving further gains across the broader crypto market. #Bitcoin #BTC #CryptoMarket #BullishMomentum #AltcoinSeason
BITSTAMP:BTCUSD
by Richtv_official
BTC scalp in low timeframe Hello traders, Here are some key points regarding my current outlook: 1. **Strong Bullish Trend**: BTC is showing strength in both high and low timeframes, indicating a solid upward momentum. 2. **Key Level for Entry**: I've identified $68,500 as a favorable level for a buy position. This could serve as a strong support point if the price retraces. 3. **Confirmation**: Look for confirmation signals at this level, such as bullish candlestick patterns or increased volume, to enhance the validity of your entry. 4. **Risk Management**: Ensure you have stop-loss strategies in place to protect your capital in case the market moves against your position. 5. **Market Monitoring**: Stay updated on any news or events that could influence BTC's price to make well-informed decisions. If you have any further insights or questions, feel free to share!
COINBASE:BTCUSDLong
by somayehbasiri
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
BTC Greed Zone 72: BTC Holding at 69K, Potential Pump or Drop?GM crypto bro's, back to the working day! This morning, the fear and greed index remains in the greed zone at 72, with Stoch RSI still chilling in the overbought area. BTC is currently staying around the 69K range, with no significant correction yet—just small retraces so far. So, where could BTC head next? Looking at the price action this morning, it’s tough to predict, but there are two possible scenarios: either BTC hits 70K or drops back to the 64K - 63K range. Keep in mind that the market is dynamic—don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
Configuring channeling between indicators Configuring channeling between indicators (StochRSI, BW reference) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) From September 22 to 28, the StochRSI indicator was maintained at the highest point (100). Since October 16, the StochRSI indicator has risen above 99. Accordingly, there may be additional increases. At this time, the point of observation is whether it can rise to the vicinity of 71280.01-72078.1. It is expected that the StochRSI indicator will have to rise above 68955.88 to touch the highest point (100). I think that the longer the StochRSI indicator stays in the overbought zone, the stronger the downward pressure becomes. Therefore, this pressure is likely to appear as a sharp change in the StochRSI indicator. The StochRSI indicator cannot tell the fluctuation range. Therefore, we can only make predictions by referring to the important support and resistance points drawn on the 1M, 1W, and 1D charts. - In order for BTC to continue its full-scale upward trend, the price must be maintained above the HA-HIgh indicator. Accordingly, from the current perspective, the price must be maintained above 61099.25-65920.71. - (1M chart) It seems that the change started on the 1M chart. Accordingly, we need to look at the section where a new candle is created. From the current perspective, the BW (100) line is created at 68955.88, 71280.01, and 72078.1. Therefore, these points may correspond to resistance sections. Breaking through this point upward means renewing the high section, which increases the possibility of creating a new wave. - New indicators called OBV Up and OBV Down have been added. These indicators also display the high and low sections. It is expected to be useful when creating detailed trading strategies and response strategies. - The HA-Low, HA-High, BW (0), and BW (100) indicators display the low and high sections, respectively. Therefore, the basic trading method is to buy at the HA-Low, BW (0) point and sell at the HA-High, BW (100) point. Therefore, the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as the box section. A trend can be considered to be formed only when this section is exceeded. The box section consisting of the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as channeling in a broad sense. - (Renko 1D chart) If the price is maintained above 68K, it is highly likely to create a new wave. This makes it more likely to break out of the downward sideways movement. If it falls below 68K, it is necessary to check whether it is supported around 58K-62K. ---------------------------------------------------- (BTCUSDT.P 1D chart) The key to futures trading is forced liquidation. Therefore, I think how to close the transaction before being forced liquidated is an important issue. In order to make a big profit, you need to set the leverage or investment ratio high. However, you need to make a careful decision because the forced liquidation point is getting closer. - If you traded as a sell (SHORT) at the 69001.8 point, and the price rises, and the forced liquidation point is formed above the 72153.8 point, I think you can maintain the sell (SHORT) position. The reason is that the StochRSI indicator has entered the overbought zone and is close to the highest point (100). In this situation, I think the term used is rising short (increasing the proportion of SHORT positions when the price rises). The opposite is falling long (increasing the proportion of LONG positions when the price falls). You need to respond according to your forced liquidation point. If possible, in futures trading, it is good for your mental health to start trading with one buy (LONG) and sell (SHORT) and cut your loss when the opposite movement occurs. - Currently, the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, that is, a regular array. In this case, it is better to trade with a buy (LONG) position. However, when the StochRSI indicator is in the overbought zone as it is now, it is not the time to start trading with a buy (LONG) position. - 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: Bullish Into Range Resistance?Bitcoin over the recent week has blown through the 64K resistance and now hesitating at 68K. The blue square on my chart highlights the resistance zone that price fluctuates within. Is Bitcoin more likely to continue higher or retrace back to 64K from here? In this article I will evaluate the possibilities of both outcomes and how to better align your decision making with market intent. First I will address my previous week's scenario. If you read the article, my conclusion was that Bitcoin was more likely to retrace and test the 60K support area. Boy was I wrong about that one, but the question is: could I have anticipated that resistance break? The blue arrow on the chart points to a sharp move higher as a result of China surprising the market with a stimulus package (which translates into rising global inflation). Gold, silver and Bitcoin were pushing highs the whole week which serves as a valuable lesson when it comes to how a news events can change the a market outlook in an instant. This is why NO ONE can accurately forecast a market far in advance (unless you have REAL inside information). Any trade or investment can GO WRONG for any reason at any time. Effective RISK management is the key to this game for this precise reason. You have to be prepared to get out of something that is showing the wrong look so to speak and be able to adjust your mindset to the new information at hand. That is the market, you either accept that or simply donate all of your capital to someone who is more flexible than you. That brings me to Bitcoin now. This week I am anticipating a bearish retrace (see illustration) back to the 64K support (old resistance). The sell signal is confirmed when the inside bar low is compromised (previous candle). Even in the face of the inflationary news, I am bearish at these levels for one simple reason: previous tests of this range have attracted selling activity (look backwards on chart). Since "history repeats itself", I believe probability favors selling activity at least for a week or so. Also what adds even more to the short term bearish argument is the fact that Bitcoin continues to respect the broader consolidation which it has been within since March. Until 73K breaks, I will expect the range to stay intact which means both supports and resistances are more likely to HOLD not break. What can go wrong here? IF the current momentum persists, and the inside bar high is compromised instead, it will cancel out my bearish scenario. In this instance, the 70 to 73K zone can be tested. Again this is about ADJUSTING to market action, not getting married to an idea. How you navigate opportunities that are derived from price momentum depends on having clear objectives and being aligned with respective time frames. Before you even pull up a chart, you must know if you are looking for day trade or swing trade setups. From that point you can better utilize what I share here by incorporating my levels, price structure along with my confirmation references. Respect the price, simplify your decision making process as much as possible and learn to recognize "wrong" quickly. It is easier said than done but this at least should put you on the right path. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
26
BTC The State NowHere’s a quick market update with a timeline and trend analysis : - As always, it’s as simple as checking the colors and trends in the graphic. - We’re currently in a phase of solid consolidation. - The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does. - The current cycle is taking longer to play out. - The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis. - In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value. - For these reasons, TheKing may be retracing, but it’s doing so with power and resilience. - Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated. Just HODL and you'll be rewarded in the long run. Happy Tr4Ding
COINBASE:BTCUSDLong
by thecryer
19
Key Bitcoin Price Levels and Dominance Analysis for Long and ShoIn my view, if I don't consider the potential breakdown of the 68,170 price level as a fakeout, we shouldn't dip below it. However, if the price breaks below, I would regard it as a false breakout and look to open a short position with a break of 67,594.47, provided that Bitcoin dominance also declines. If, during the breakdown, Bitcoin dominance remains bullish (green), shorting altcoins would be a better option. On the other hand, if the 68,170 level doesn't turn out to be a fakeout, altcoins could offer solid long positions, especially if Bitcoin moves sideways or upward and Bitcoin dominance decreases. Otherwise, Bitcoin itself might present a better long opportunity. In conclusion, monitoring the interplay between price levels and Bitcoin dominance will be key to determining the best positions, whether in Bitcoin or altcoins.
by saeedalipour93