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1-BTCUSD

SPY/QQQ Plan Your Trade For 10-17 : CarryOver In CarryOver ModeGood morning, Great to see the ES/NQ rallying higher this morning - in perfect alignment with my SPY Cycle Patterns & predictions. Gold & Silver are also moving slightly higher - but remember My Gold patterns suggest Gold & Silver will consolidate a bit in early trading today. BTCUSD is a really interesting chart, in my opinion. The multiple Excess Phase Peak patterns are playing into a potentially very large downward price move. Pay attention to all of the content in this video today because we are moving into the end of this week - which means we need to prepare for the volatility that starts next week. As I keep suggesting to everyone, trading is about attempting to time the best opportunities for success. Knowing when something may happen that creates an opportunity, setting your risk levels, and going for it. I wish I could tell you, "Trading is like picking red or black". It's not. Trader's have to develop almost a 6th sense to be able to see and visualize what is most likely to happen in the future. My tools help me see into the future a bit, but a lot of my analysis comes from within my head. Anyway, the best way for you to learn these skills is from someone who can mentor you and show you what they are seeing on the chart. Teaching you the skills to improve your own abilities to make better decisions. That is what I'm doing. Over time, you will learn to use these techniques to make better decisions and become a better trader (at least that is my objective). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
BTC Testing $68K Resistance: Breakout or Pullback?Current Situation The Bitcoin price is testing the current resistance around $68,000 after a significant upward movement. The price is holding above all the key moving averages (EMA21, EMA50, and EMA200), signaling strength in the market. However, momentum indicators like the Stochastic RSI are showing oversold conditions, which could mean a pullback or consolidation is coming. Scenario 1: Bullish Continuation - If BTC manages to break above the $68,000 resistance, the next target would be the resistance zone at $69,400-$70,000. - A successful breakout could push the price higher, leading to a continuation of the bullish trend, with more potential gains. Scenario 2: Pullback to Support - If the price fails to break above $68,000 and shows signs of exhaustion, we may see a retracement to retest the support around $66,500 or further down to $64,700 (EMA200). - This pullback would still be within the uptrend as long as BTC holds above the moving averages, particularly EMA200. Conclusion: It’s a critical moment for BTC, and both scenarios are possible depending on whether it can break through the $68,000 resistance. Keep an eye on the next few movements to determine if a breakout or retracement will occur.
BITSTAMP:BTCUSDLong
by Malaysiancryptocommunity
October 16 Bitcoin Bybit chart analysis Hello 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. This is the Bitcoin 30-minute chart. There is no Nasdaq indicator today, but it seems difficult to see a trend. *Red finger One-way long position strategy. 1. $67,401 long position entry point / cut-off price when the green support line breaks 2. $69,812 long position 1st target -> Great, Miracle 2nd target It is unlikely, but if it rises strongly from the current position, the Great section The purple finger position can be the best short position sweep section. The 1st section marked below is a strong rising condition, and since it is an upward sideways market from the bottom (a place where the short-term pattern breaks), the final match can be decided in the 2nd section. On the other hand, the 2nd section will be a very important support line, right? It seems that the direction will be revealed depending on the movement of Nasdaq today and tomorrow. Depending on the situation, it seems that it can rise again to around 100 million this week. Please use my analysis article as a reference only, and I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
BITCOIN - the road map !We will explain the market situation and what is happening in the currencies in this post And why you should not sell even at 80k or 120k This is the most important post I will write and share with you. I will return to it in the future to prove to you the truth of what I am saying. As you know, 67-71k have accumulated very heavily and all the bears have gathered there and formed massive supply areas Therefore, market makers are emptying this area and absorbing the existing supply, so you see the currencies falling or not moving because the whales are withdrawing liquidity from the currencies and directing it to buy Bitcoin Also, professional traders and smart money will not enter at resistances and supply areas. They are waiting for a breakout of 73k and confirmation to move Therefore, you see this great stagnation in the market and on all alternative currencies Of course, there is something called floating supply, meaning that Bitcoin will rise to 80-90-100 thousand, and there are still bears selling strongly. After breaking 100 thousand, selling will stop, bears will surrender, and Bitcoin's Dominance will stop rising completely. It is expected to stop at 60-61%. After that, we will see levels of 130k -140k, and a correction of approximately 20-28% will occur for Bitcoin, but not for currencies, because a violent collapse will begin to acquire Bitcoin's dominance and transfer liquidity from Bitcoin to currencies. After that, Bitcoin will begin to rebound and currencies will begin to explode. It is normal to see every week double and double and explosions everywhere, and currencies within a few months will hit 10x-20x-30x-50x-100x for each currency and its performance and strength. Here we are in the end of the bull market and at the end of the ALT season. And you must know intuitively that this is what happens now is positive behavior. Because we know that explosions don't happen in currencies, madness, FOMO, and memes explosions except when Bitcoin is close to achieving a peak and we all saw the March peak... in march peak Currencies in some sectors such as AI and memes rose from 3x to 50x so Imagine the if new ATH IN BTC then BEST regards Ceciliones🎯
by ceciliones
4
BTC is moving earlier then what I was expectingBTC moved above the downtrend consolidation channel earlier than I anticipated, with volumes confirming this change in trend. The breakout occurred on the 14th of October. Currently, there is a low chance that the price will return to the bottom of the channel at 53k-50k, in my opinion. I guess the price will just retest the top of the channel at around 64k-62k and continue to the upside, probably to the higher part of the channel at around 73k, maybe a little more. On the weekly chart, volatility is still low on BBWP (13th percentile), while on the daily chart, it is at the 63rd percentile, with extremes around the 85th-95th percentiles. So, there is still momentum to continue to the upside.
Long
by danywaystrige
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $65,789 resistance came in effect as expected, called the upside on point and just about 8 hours before it went BOOM! $68,546 resistance now in effect, tested once and resistance still holding, $66,961 current support which has been tested already, same has played as key support several times before, previous 1D closed weak, while volume is also dropping on 4h, RSI on 1D hovering right below overbought region while on 4H it is in overbought region, expect struggle here, some sideways movement in short term, should be good as long as the support holds, $66,323-$65,789 next key support area, next resistance areas to watch are $69,296, $70,463, & $71,304-$71,981, then we just go for the top!
COINBASE:BTCUSD
by limitlessnash
1
Bearish drop?The Bitcoin (BTC/USD) is reacting off the pivot which lines up with the 161.8% Fibonacci extension and could drop to the 1st support level which acts as a pullback support. Pivot: 67.990.52 1st Support: 66,408.69 1st Resistance: 69,468.14 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
1
Phemex Analysis #28: Institutional Inflows Fuel BTC Rally!The recent surge in Bitcoin price, reaching a recent high of $68,400, has been largely fueled by significant inflows into Bitcoin ETFs. In just three days, these ETFs have accumulated over $1 billion, led by industry giants BlackRock and Fidelity. The accumulation of institutional capital often serves as a strong bullish indicator, suggesting a growing confidence in Bitcoin as a viable asset class. Possible Scenarios in the Next Few Days Given the substantial inflow into Bitcoin ETFs and the subsequent price increase, several potential scenarios may unfold in the coming days: 1. Continued Upward Momentum: If institutional investors maintain their bullish sentiment and continue to allocate more capital to Bitcoin ETFs, the price could experience further upward pressure. This scenario would likely be supported by positive market sentiment and favorable macroeconomic conditions. 2. Consolidation and Pullback: After a significant price surge, it's not uncommon for markets to experience a period of consolidation or even a minor pullback. This could be driven by profit-taking activities or concerns about potential overvaluation. However, as long as the overall trend remains bullish, a pullback could present a buying opportunity for investors. 3. Increased Volatility: The influx of institutional capital can sometimes lead to increased market volatility. As more participants enter the market, the potential for rapid price movements increases. Traders should be prepared to manage their risk accordingly. Potential Trading Strategy Based on the current market dynamics, here are some potential trading strategies: I. Buy and Hold: For long-term investors who believe in the long-term potential of Bitcoin, a buy-and-hold strategy may be suitable. This involves purchasing Bitcoin and holding it for an extended period, regardless of short-term price fluctuations. II. Scalping: Short-term traders who aim to profit from small price movements can employ a scalping strategy. This involves entering and exiting trades quickly to capture short-term gains. However, scalping requires a high level of technical analysis and risk management skills. III. Swing Trading: Swing traders focus on capturing medium-term price swings. They identify potential support and resistance levels to enter and exit trades. Swing trading requires a combination of technical and fundamental analysis. Conclusion The recent surge in Bitcoin price, driven by significant inflows into ETFs, is a positive sign for the cryptocurrency market. However, it's important to approach the market with caution and be aware of the potential risks involved. By carefully considering the possible scenarios, developing a sound trading strategy, and managing risk effectively, investors can capitalize on the opportunities presented by the current market conditions. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. 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 in Greed Zone , Will BTC Peak at 69K Before Correction?GM crypto bro's, we are still in the greed zone at 71 this morning, and Stoch RSI is at the peak of overbought. BTC reached a top around 68K. Looking at the price action, there's a strong possibility BTC will visit 69K first before a correction towards 64K. But keep in mind, with the market in this greedy state, don't get FOMO. Always maintain 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
BTC EN OF 2024**Fundamentals:* * The reduction of interest rates will favor higher-risk assets, monetary destruction, and monetary stimuli. A 0.50 bp rate cut is expected by the end of 2024. There is high liquidity in the market, with large investors having cash available, indicating a potential market entry. **BTC Analysis:** Bitcoin is consolidating right at the resistance of lower highs around $68k. **Scenario A:** If this resistance breaks, it could signal the start of a bullish momentum. After breaking through the highs, it would be normal to see some consolidation or a slight pullback. Before the U.S. elections on November 5th, if Trump wins, it could further boost the bullish momentum, leading to a new bull run. - **Target Price:** $80k - $100k **Scenario B:** Consolidation this week and a retest of all-time highs could lead to a pullback to the previous resistance zone before the U.S. elections, followed by a continued upward trend.
Long
by AJTRADER84