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BTCUSD—Engulfing Candle Boosts 70K ProbabilityGM crypto bro's! The fear and greed index remains in the greed zone at 72, while the Stoch RSI is on its way towards oversold. The BTC candle on 24th October closed with a solid engulfing pattern, increasing the probability of further upward movement, possibly around 70K. However, given the fear and greed index has stayed in the greed zone for several days, keep in mind that the market is dynamic—don’t FOMO, always manage your risk. Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
Bitcoin : Inverse head and shoulder pattern in the shorttermA reverse head and shoulder pattern has formed in the short-term BINANCE:BTCUSDT Bitcoin chart This is a weak pattern, so you can be patient until you see a stronger and clearer pattern for confirmation Trading Setup: There is a Trading Signal to Buy in BTCUSDT Bitcoin (1h) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 66700.0 ⭕️SL @ 65600.0 🔵TP1 @ 69500.0 🔵TP2 @ 72000.0 🔵TP3 @ 74000.0 What are these signals based on? head and shoulder pattern Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
4
BITCOIN This 1D Golden Cross can push it to the ATH ($73800).Bitcoin (BTCUSD) is ahead of a major bullish formation as most likely by next Monday, it will form a Golden Cross on the 1D time-frame, the first such formation since October 29 2023. As we've analyzed before, it is no coincidence that exactly 1 year later a new 1D Golden Cross emerges as seasonality and long-term Cycles play a pivotal role for BTC. On top of that, the price made a major re-test (and so far bounce) at the top of the former Channel Down that broke upwards last week. If this re-test holds, it is the best short-term signal for a new High. In fact the price has been making Higher Highs since the August 05 bottom, forming a double Channel Up pattern, and those Higher Highs are the reason why the market got behind this rally and supported it to break above the 7-month Channel Down. So the Higher Highs along with the 1D Golden Cross are the bullish combination that the market needs to look (much) higher. The first technical target now is naturally the 73800 All Time High (ATH). It is very possible to see it get tested by the election day. But what do you think? Do you expect the ATH to break aggressively after the elections, just like the October 2023 1D Golden Cross did? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BTC Greed at 69: Key Price Action on Bullish Engulfing WatchGM crypto bro's! This morning, the fear and greed index is at 69 in the greed zone. The Stoch RSI has exited overbought territory. Yesterday, on 23/10/2024, BTC dropped significantly to the 65K range, but our 64K zone hasn’t been touched yet. Price action this morning shows that if today’s candle closes as a bullish engulfing, the chance of visiting 64K decreases, with a higher probability of BTC heading towards 70K. Keep in mind, the market is dynamic—don’t FOMO, always manage your risk. Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
Bitcoin Update: The Last Level Before...Over the weekend Bitcoin INDEX:BTCUSD topped out at a level which has multiple confluences. In this post I will break them down one by one and talk about what happens next... Perhaps the most common level noted by commentators is the Trend Line/Expanding Wedge/Inverted Triangle. I personally do not put much faith in these lines or patterns. The reason I do not is because they are often arbitrary. They can be drawn from any of the different highs and lows to support a person's narrative. As a trader I want clearly defined and objective levels. That being said... everyone draws this line and so it can become a self fulfilling prophesy. The additional levels give it more validity: The elephant on the chart holding down price is (and has for a long time been) the prior All Time High from 2021. This important level has been haunting Bitcoin's much hoped for RIP for years and it continues to do so. Price has hit it again this weekend and stalled. Lastly, the more nuanced but important level is the final Volume Profile zone. Again, price hit and stalled at it this weekend. There are no more true significant levels of prior price and volume between this level and the All Time High. So what happens now? It is quite Boolean by my experience... a Yes/No with high probability. If THIS level (being discussed in this article) is broken then there is a very high probability that price will rocket from 69k to 74k as there are no more levels of resistance within that small range and the momentum should carry it up to the next level with certainty. Then, at the All Time High, price will certainly respond with another hold or a break. There is very good bullish trading of this small range. After the All Time High there will need to be a solid, confirmed breakout. To me this means a Weekly closing candle well above it. At that point... sky is the limit for Bitcoin. Otherwise, price holds here and the long and expanding consolidation continues as well as falls back to the ETF launch level of 43k. This is what I am betting on. Money where my mouth is: I am talking my book. I still remain long term short bitcoin using AMEX:BITI (the inverse ETF). I have been watching these developments closely to determine if my position is still valid. It has been on the cusp of being invalid but still remains my thesis. Sunday night I entered additional futures contracts short at the level. Trade wisely!
Editors' picks
INDEX:BTCUSDShort
by norok
46
BITCOIN When the 4 year Cycles do the talking..It's been some time since we last used the Mayer Multiple Bands (MMB) on Bitcoin (BTCUSD) but the timing is just right to bring you an update, only 2 weeks before the U.S. Presidential Elections with the market ahead on an imminent bullish break-out. This time we look into how the price was trading on this date every 4 years. As you know BTC is trading roughly within 4 year Cycles that keep a high degree of symmetry and tend to repeat a lot of dynamics each time. Right now, towards the end of October (2024), the price is trading within the Mean MM (black trend-line) and the 1st SD above (grey trend-line). It has already started rising off the Mean MM. Based on the 4-year Cycle Theory, it is no surprise then that the price was within the exact same range in October 2020, October 2016 and October 2012. The degree of symmetry is remarkable and is yet again showcased by this indicator. We can also see that by this time every 4 years, the price had already started rising off the Mean MM, just as it is doing now. With the green Rectangles we display the date range between these 4-year intervals and the peak of the Bull Cycle. For October 2012 it took 58 weeks (406 days) until it topped, October 2016 was 60 weeks (420 days) while October 2020 was 55 days (385 days). So time-wise the Cycle tends to peak roughly the same period. As a result, if we take the minimum scenario of 55 weeks, we can expect the Cycle to top by mid November 2025. As far as targets are concerned, the first two Cycles hit (and broke) the 3 SD above (red trend-line), while the last one the 2 SD above (orange trend-line). Again assuming a 'worst case scenario' hitting 'just' the 2 SD trend-line, we can set a Target Range of 190k - 250k, depending on whether the price hits it halfway through the 55 week range or towards its end. Nevertheless, an exciting rally appears to be starting for Bitcoin. So what do you think? Is this October MMB fractal about to break to a parabolic rally? And if so, will it hit the orange trend-line? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
4
BTC Greed Index Drops to 70: Correction Begins, Eyeing 64K ?GM crypto bro's! This morning, the fear and greed index slightly dropped to 70, down from 73, and Stoch RSI is signaling a potential decline, exiting the overbought area. Finally, BTC is experiencing a significant correction, dropping from 69K to 67K. The next potential correction target is in the 66K range, with a possibility of visiting our 64K range. Get your bullets ready to buy the dip, and as always, keep in mind that the market is dynamic—don’t FOMO, manage your risk. This is Akki, signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD: Broke above the 7 month pattern and turned bullish on 1WBitcoin just turned bullish on its 1W technical outlook (RSI = 56.534, MACD = 2298.400, ADX = 20.606) as it crossed over the top (LH) of the 7 month Bearish Megaphone. This is a major bullish breakout and the only one remaining is the R1 level (70,000). This is practically the reason of today's pullback because the price is being rejected just under the R1 level. Still, there is no cause for concern as since Sep 20th, Bitcoin has crossed and sustained trading above its MA trendlind, a sign of a trend reversal. Furthermore, the Bullish Megaphone that started on the November 2022 bottom just formed a Bullish Cross on the 1W MACD and with the support of the 1W MA50 is now looking to establish the new bullish wave. If similar rallies like the previous waves take place, then Bitcoin can target 100k at least (TP = 100,000), even as early as January 2025. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
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
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
BTCUSD—Greed Zone 73: Correction More Likely Than Pump to 70K?GM crypto bro's, happy weekend! This morning, the fear and greed index stays in the greed zone at 73, while the Stoch RSI is still comfortably in the overbought area like yesterday. Looking at today's price action, it seems quite challenging for BTC to pump to 70K. The probability of a correction is higher than the potential for another pump, but in the crypto market, nothing is impossible. 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
BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight. we can see that we could form a Diamond Figure (Pink) to 0.618fibo i don't show indicators but i can say : Monthly chart show clearly that we are still going down. Weekly chart have indecision on indicators. Daily chart have inverted indicators. we have 3 clear resistances formed by EMAS to breakout : EMA 50 ---- 7200 EMA 100 ---- 7600 EMA 200 ---- 8000 possibilities after breakout : 1. we could fly to 9000 (DIamond Finished + 0.618 FIBO ) 2. we could fly to 8400 possibilities with Rejection : 3. we could retrace one more time to 3700 before a new push. ( Traditional Support ) My advice for now is to wait as spectator and wait for a dip or a breakout. Happy Tr4Ding & Stay Safe !
by thecryer
21
BTC Stay In Greed Zone Dump Imminent or Pump to 70K?GM crypto bro's, this morning the fear and greed index is at 72 in the greed zone, while the Stoch RSI remains comfortably in the overbought area. BTC has pumped quite high to around 68,953, and on some exchanges, it may have even hit 69K. However, the correction to our 64K range has yet to happen. The price action is quite overbought, which makes a dump more likely. Still, always be cautious—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
Bitcoin: The Journey to New All-Time HighsThe current Bitcoin chart is a testament to the precision of market cycles and the structure of bullish advances. Over the past two years, despite the volatility, the Elliott Wave count has consistently held true. This is more than just market movement—it's the realization of a larger fractal structure that suggests nothing in these price actions is random . The screenshot of the chart, dated January 14, 2023, accurately anticipated the path that Bitcoin has taken since then. Even after almost two years, the market is continuing to follow the predicted wave structure, confirming the power of technical analysis and pattern recognition. As we stand now in October 2024, Bitcoin seems poised for its last leg towards new all-time highs, driven by a well-defined impulse wave formation. The recent consolidation was simply a corrective phase—an essential build-up before the next massive wave. This ongoing bull market reflects the persistence of a larger trend that started years ago, and it aligns with every prediction of this meticulous count. Bitcoin is on the verge of making history again, as it moves towards its fifth wave, ultimately setting new price records. The chart reflects a calculated market rhythm that shows, time and time again, how these cycles repeat in an almost predestined manner. Prepare yourself for the upcoming rally—this is the final move in the current structure, a path already mapped out by years of technical analysis and evidence-based market behavior. For a detailed view of the original analysis, check the reference screenshot here:
INDEX:BTCUSDLong
by SebiiSb
Bitcoin's Last Stand: Can It Break Above $68.3k?MARKETSCOM:BITCOIN has finally reached the weekly block—the last level before ATHs. Is this the moment we’ve been waiting for? I believe it is. For the first time, it’s printing a bullish weekly signal at this critical level. The last attempts, in June and July, were merely bounces without the momentum or reversal signals needed to push higher. This time feels different. We have an expansion candle on the weekly, and hopefully, it will close above the $68.3k level. If we compare the timeline to the previous breakout before the $30k surge, this consolidation phase seems to be coming to an end. I think the odds are now better for an upward move. I’ll revisit this chart at the end of the week—we still need a solid close. If everything aligns, November could be a strong month, potentially pushing toward $81k!
COINBASE:BTCUSDLong
by ZelfTrade