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BTCUSD I 1 hr double bottom formation and long opportunityWelcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
12
Bitcoin (BTC/USDT) 4h timeframe TA+Trade plan by BFDescending Broadening Wedge Pattern Description: This is a bullish reversal pattern. As shown, the price of Bitcoin is testing the support line of the wedge, which typically suggests that a breakout to the upside might occur after the completion of the pattern. Potential Breakout: The chart indicates a potential breakout above the upper boundary (resistance line) of the wedge, possibly signaling the beginning of an upward move. Key Support and Resistance Levels Support Levels: 60,301.68 USDT: This is a near-term support zone where price could find buyers if it revisits these levels. 53,988.89 USDT: A deeper support level shown on the chart, which might come into play if Bitcoin faces a significant sell-off. Resistance Levels: 64,591.15 USDT: A strong resistance zone that Bitcoin would need to surpass for a sustained upward move. 68,556.87 USDT: A higher resistance level that could become the target in the case of a breakout. Indicators Analysis VMC Cipher B Divergences: It appears to show divergence. A green dot below indicates potential bullish divergence, suggesting price may increase soon. RSI (Relative Strength Index): The RSI is at 31.48, which indicates oversold conditions. This level usually implies that the asset is undervalued, signaling a potential buying opportunity. Stochastic Oscillator: The stochastic reading is at 23.61 (blue line) and 20.43 (red line), indicating oversold conditions as well. This adds further strength to the bullish argument, aligning with the RSI's signals. HMA (Hull Moving Average): The HMA histogram shows green bars, suggesting a bullish trend might be forming or momentum is starting to shift to the upside. Trading Plan Long Position Setup Entry: A breakout above the resistance line of the descending broadening wedge would be the ideal entry signal. You may consider entering around 61,750–62,000 USDT. Take Profit: First take-profit target could be around 64,591 USDT (resistance zone). If momentum is strong, a secondary target can be set around 68,556 USDT. Stop Loss: Place a stop loss just below the recent low at 60,000 USDT, as a break below this level would invalidate the bullish wedge pattern and signal further downside. Alternative (Cautious) Approach Wait for confirmation of a breakout with a strong candle close above the wedge's resistance line, paired with bullish indicators on lower timeframes (e.g., 1-hour chart). Risk Management: Risk no more than 1-2% of your portfolio on this trade, adjusting position size accordingly. Final Considerations Monitor for any false breakouts as Bitcoin could retest the wedge's resistance line before confirming the breakout. Keep an eye on volume; a breakout with strong volume increases the likelihood of the wedge pattern playing out successfully.
Long
by elfabiiani
BITCOIN - must happen to see new ATHAs I told you in my previous analysis of Bitcoin, it is a triple bottom and it will rise and it is the end of bear market, while the majority expected its decline to continue from 57k to 40k levels. Check out my analysis and drawing the chart attached below and you will see for yourself that what I say is true... remmember i see what others don't Now I tell you! Bitcoin is going to reclaim the 200MA the last time Bitcoin tried this was in august 2024 but it ended up being a fakout leading dumpto 52.5k now it's trying to reclaim the 200MA again and if it can hold this level we could be looking for a massive breakout a head this analysis will be constantly updated , so follow us to receive all news updates Best regards Ceciliones🎯
Long
by ceciliones
2
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets. In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving. But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early... But also to GET OUT early. Remember, it's a game of musical chairs.. and the music is speeding up. For these reasons, and other global economic and political influences... I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be. We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving). On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto. We'll have to wait and see. But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run. What do you think? Would appreciate any likes, comments, or compliments below. Cheer always welcome! To the moon 🚀
BITSTAMP:BTCUSDShort
by BrettFogle
UPTOBER HERE WE COME!Dear Traders and CryptoLovers! October is here, and that means one thing—Uptober! Historically, October has been a bullish month for crypto, and with signs of a Bullish Harami forming, we could be gearing up for a potential reversal in the market. The pattern we're watching suggests a possible shift from the recent downtrend. The key here is the smaller second candle closing within the first, signalling the bulls might be stepping back in. While the start of the month could be choppy, the confirmation of this pattern by the October monthly close could be the push needed for a strong rally ahead. Bullish Harami: a bullish reversal pattern (which occurs after a downtrend). When it appears in a downtrend, it is a bullish signal. Recognition Criteria To identify a general Harami pattern, look for the following criteria: There is a prevailing trend, whether it’s an uptrend or a downtrend. The first candle must continue in the direction of the current trend. It will be the same colour as the current trend and have a long body. The second candle must be contained within the first candle’s body (so it opens and closes within the first candle's body). It can be either colour, and it will have a smaller body. Only the body needs to be contained within the first candle; the wicks are irrelevant. The next candle confirms this pattern (this is the October monthly close) If you have any questions, please reach out!
BITFINEX:BTCUSDLong
by LisaNEdwards
2
Technical analysis of the Bitcoin/US Dollar 4H chart by BFTechnical analysis of the Bitcoin/US Dollar 4H chart by Blaž Fabjan BTW: My previous analysis was accurately forecasted. Technical Overview: Descending Trading Channel (Past Trend): The chart shows a previous descending trading channel that occurred in August and early September. During this period, the price was continuously making lower highs and lower lows, indicating a bearish trend. The channel was eventually broken at the marked point, followed by a reversal. Reversal Signal: A clear breakout from the descending channel occurred, signaling a potential trend reversal. This was confirmed with a higher low formation just before the breakout. Ascending Trading Channel (Current Trend): After the breakout, the price moved into an ascending trading channel, with visible support and resistance lines marked in the chart. The price has been oscillating within this channel, with higher highs and higher lows, indicating a bullish short-term trend. The chart shows a current position near the support of this ascending channel. Potential Bounce (Highlighted Area): There is a highlighted area where a price bounce is expected around the support of the ascending channel. The chart suggests a potential upward movement toward the upper resistance of the channel. The overall market sentiment is bullish within the channel, and the projected path is an upward movement. Indicators: VMC Cipher B: Shows divergences and a rising momentum (green dots indicate potential buy signals). RSI (14): Around 63.72, indicating mild bullish momentum but not overbought. Stochastic RSI: Stochastic RSI is at 83.55, showing that the price may be nearing overbought conditions, which could indicate a temporary pullback before continuing the upward trend. HMA Histogram: Histogram is red, indicating a slight bearish correction, but the overall bullish channel and indicators suggest it is likely a minor pullback before the continuation of the uptrend. Trading Plan: Entry Point: Consider entering a long position near the lower boundary (support) of the ascending channel, around the current price level (potential bounce area). Monitor the RSI and Stochastic RSI levels to ensure that a bounce is confirmed. Stop Loss: Place a stop loss just below the lower boundary of the ascending channel to protect against further downside risk. This would be below the recent support level. Take Profit: Target the upper boundary (resistance) of the ascending channel for the first take-profit level. If a strong breakout occurs above the channel, the next take-profit target could be around $68,000, following the upward projection marked by the arrow. Risk Management: Given the overbought levels in the Stochastic RSI, consider scaling into the position or waiting for confirmation of a bounce to reduce risk. Adjust stop-loss as the price moves higher, to lock in profits. Monitoring: Keep an eye on macroeconomic events, as external factors can impact Bitcoin's price. Pay attention to potential divergence signals in the VMC Cipher B for early warnings of trend reversals. This analysis suggests a bullish continuation in the short term, but caution is advised due to the potential for pullbacks as indicated by the overbought Stochastic RSI levels.
MARKETSCOM:BITCOINLong
by elfabiiani
Two buying scenarios for BitcoinThe range of daily supply, which the price is now involved in, can lead to a price drop that you can think about the short position by getting confirmation in the 1-hour time frame and consider the final target in the range of $60,000. From that area, you can think of scenario number 3, a buy position in the range of $60,000 with a final target of $74,000. There is a high possibility that Bitcoin will pass through this area, but the price range of 69-70 thousand dollars is the volume of sell orders that can lead to a medium-term drop in the price of Bitcoin. If you have a long position, you can save profit in that area.
Long
by mhbaniasadi
Bitcoin (BTC/USDT) 1-hour price action + trade planTechnical analysis for Bitcoin (BTC/USDT) 1-hour price action with multiple indicators and a descending triangle pattern by Blaž Fabjan Chart Patterns Descending Triangle: This is a classic pattern that typically suggests consolidation, and in many cases, a breakout (especially when formed in an uptrend). The triangle seems to be nearing the apex, indicating that a breakout could happen soon. Breakout potential: Since it's forming within an overall uptrend, the triangle suggests the possibility of a continuation of the uptrend after the consolidation. Indicators VMC Cipher B: The VMC Cipher B shows wave-like movements indicating market momentum and divergences. It looks like the waves are approaching a positive curve, indicating a potential bullish movement if confirmed by momentum. RSI (Relative Strength Index): The RSI is hovering around 50.49, which shows a neutral trend at the moment. No overbought or oversold conditions are present, leaving room for upward or downward movement depending on the breakout direction. Stochastic (14, 1, 3): The stochastic shows a level of 43.32 (blue) vs 56.91 (orange), indicating a slight bearish momentum, but it could reverse if price continues consolidating and breaks upwards. HMA+ Histogram: The histogram appears to show bearish pressure with negative values such as -55.9, though it looks like it may start to shift upwards if there's enough buying momentum. Volume: The volume appears lower during consolidation, which is typical before a significant move. Watch for an increase in volume as the price approaches the end of the triangle. Support and Resistance: Support: Around 63,800 USDT (marked by the bottom of the triangle). Resistance: Immediate resistance appears at around 64,200 USDT, the upper trendline of the descending triangle. Trading Plan: Breakout Strategy: Bullish scenario: If BTC breaks the triangle to the upside, enter a long position after confirmation (e.g., after the price breaks above 64,200 USDT with volume). Place a stop-loss slightly below the triangle's bottom at around 63,500 USDT. Target price: A potential upward target could be around 67,000 USDT (previous high) based on the size of the triangle. Bearish scenario: If the price breaks below the triangle’s bottom (around 63,800 USDT) with volume, a short position can be considered. In this case, place a stop-loss just above the upper trendline of the triangle (around 64,500 USDT). Target price: A downside target would be around 62,000 USDT, depending on how strong the downward momentum is. Risk Management: Set a risk/reward ratio of at least 1:2, considering the uncertainty of the consolidation period. Adjust your position size to risk no more than 1-2% of your capital on the trade. In summary, BTC is consolidating in a descending triangle within an uptrend, and a breakout in either direction is likely. Watch for volume and confirmation before taking a position, and stick to a disciplined risk management plan.
Long
by elfabiiani
Bitcoin - This Is The Bullish Breakout!Bitcoin ( BITSTAMP:BTCUSD ) still has a high chance of a breakout: Click chart above to see the detailed analysis👆🏻 Bitcoin is clearly following the behaviour of the previous cycles and there is actually no reason to be bearish at the moment. The current consolidation is rather a sign of strength and a bullish breakout is definitely more likely than a bearish rejection. Just closely monitor price action. Levels to watch: $65.000, $32.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
7
technical analysis and trading plan for Bitcoin (BTC/USDT)Technical analysis and trading plan for Bitcoin (BTC/USDT) by Blaž Fabjan Bullish Pennant Formation: The chart shows a bullish pennant pattern, which typically indicates a continuation of the prior upward trend. This suggests that once the consolidation within the pennant breaks to the upside, there could be a further rally. Support and Resistance Levels: Support Level: Around $61,758.48, which is holding the price within the consolidation. Resistance Level: The next significant resistance is around $64,591.15. If the price breaks the resistance of the pennant, it could target higher levels, potentially leading toward $68,556.87 as a bullish target. Volume: There’s a moderate amount of volume, but a volume breakout would be needed to confirm the movement in either direction. Indicators: VMC Cipher B Divergences is showing some green dots indicating bullish divergence, which further supports the potential for an upward breakout. RSI (Relative Strength Index): The RSI value is around 53.94, suggesting that the market is in a neutral zone. It's neither overbought nor oversold, giving room for movement in either direction. Stochastic Oscillator: Around 36.45, slightly on the lower end, signaling that Bitcoin might be in an oversold position on the short-term, indicating a potential upward reversal. Trendline Projection: The image also indicates an upward price projection beyond $67,000 if the pennant breaks to the upside, aligning with the bullish sentiment. Trading Plan: Buy Scenario (Bullish Breakout): Entry Point: Consider entering a long position if Bitcoin breaks above the upper trendline of the pennant and surpasses the $64,000 resistance level with strong volume confirmation. Take Profit Levels: First target: $64,591.15 (immediate resistance). Second target: $68,000. Final target: $68,556.87 (upper resistance). Stop Loss: Place a stop loss just below the $61,758.48 support level or just below the lower trendline of the pennant. Sell Scenario (Bearish Breakdown): Entry Point: If Bitcoin breaks below the lower trendline of the pennant and the $61,758.48 support level, it might indicate a bearish reversal. Consider entering a short position. Take Profit Levels: Look for a price drop toward $60,301.68 or lower. Stop Loss: Place a stop loss just above the pennant resistance level around $63,000 to limit risk. Conservative Strategy: Wait for a clear breakout from the pennant either way before entering any trade. Watch for confirmation through volume increase, as this would validate the direction of the breakout. Final Notes: The chart leans toward a bullish continuation, but confirmation from volume and a breakout from the pennant are key before making any trades. Always manage risk carefully by setting stop losses and taking partial profits along the way. I hope this information assists you in making more informed decisions during your trading activities. Enjoy! Blaž Fabjan
Long
by elfabiiani