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BTC-D

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
Alikze »» GALA | Wave 3 or C scenario - 8H🔍 Technical analysis: Wave 3 or 3 scenario in the ascending channel - In the 8H frame, it is moving in an ascending channel. - So far, a movement cycle AB=CD within the ascending channel has grown to the size of 0.78 fibo. - After that, it had a corrective cycle up to the green box range, which has met with demand again. - Currently, it is in the middle of the channel, which can continue its growth by breaking it up to the limit of the first supply area (the ceiling of the channel). 💎 After that, if it has a soft and zigzag correction, it can continue its growth with a bullback to the broken structure (minor ceiling) in the ascending channel until the second supply area as wide as the first channel. ⚠️Note: In addition, if the current price enters the corrective phase and touches the Invalidation LVL area, the bullish scenario is invalidated and must be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:GALAUSDT
Long
by alikze
BTC/USDT Chart Analysis Update!!Bitcoin has continued its bullish trend within the established channel. The price faced resistance at the high of $72,000, which aligns with previous resistance areas marked on the chart. Currently, Bitcoin is hovering above a key support level, and a successful bounce off this level could take the price toward the target of $78,000, as indicated by the upward trajectory. The moving averages continue to support this bullish sentiment, suggesting that the momentum remains positive. Given the ongoing price action, traders should keep an eye out for a strong breakout or potential pullback above the resistance zone that could provide a buying opportunity at lower levels. Monitoring these levels will be crucial to understand the next significant move in Bitcoin’s price trend. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
1
HelenP. I Bitcoin can continue to gorw inside upward channelHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to support 1, which coincided with the support zone and then started to decline. In a short time, BTC fell to support 2, which coincided with one more support zone and some time traded inside. Then, BTC tried to grow, but failed and dropped to the trend line, breaking support 2. After this, the price started to grow inside the upward channel, where it soon broke the 2nd support level again, made the correction, and later rose to support 1. When BTC reached this level, it broke it and rose to the channel's resistance line. After which price turned around and made a small correction to the support zone and then continued to move up in an upward channel. But a not long time ago price almost fell to the trend line, therefore I expect that BTCUSDT will decline a little more, and then continue to grow, thereby making a fake breakout of the channel. That's why I set my goal at 71400 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BTC.D NEXT MOVE It is expected that Bitcoin dominance will move in this path, with the next action being a retest of the 58.70% area. After this retest, it is projected to drop to the key level of 58.30%, where Bitcoin dominance encounters both dynamic and static resistance. From this area, a decision will be made whether to continue with a significant drop or rise. As you know, an increase in Bitcoin dominance usually indicates a dump in altcoins, while a drop in dominance signals a pump in altcoins. However, other factors, such as Tether dominance, also need to be considered.
CRYPTOCAP:BTC.D
by ScorpionX_Co
2
BTC/USD Approaches Critical Resistance: Breakout or Pullback?Based on the BTC/USD chart, the price is approaching a significant resistance zone near the ATH (All-Time High) at 73,814. A breakout above this level could lead to a strong upward movement, with potential targets at 76,377 and higher, possibly reaching new ATH levels around 90,000 and 100,000 USD per Bitcoin. However, if the price faces resistance at this zone, a pullback could occur towards the first support area around 64,905 (pivot line). Should the decline continue, the next support levels are at 62,407 and 59,944, with a stronger correction likely if these levels are breached. Key Levels: Resistance Area: 73,814 (ATH), 76,377 Support Areas: 64,905, 62,407, 59,944 Potential Demand Zone: 52,791 Directional Outlook: Bullish: A breakout above 73,814 could signal a bullish rally toward 90,000 and 100,000. Bearish: A failure to break through the resistance at 73,814 may result in a pullback toward the support levels, with 64,905 being the first target. In summary, the current trend is bullish as long as BTC/USD remains above the pivot zone, with strong resistance ahead. A breakout will be key for further upward momentum. previous idea:
BITSTAMP:BTCUSDShort
by SroshMayi
1
AVAX SWING LONG IDEA - ALTCOIN SEASON AVAX is one of the most well-known coins, with strong fundamentals. I believe it will perform well during the 2024-2025 bull run. The price is coming from the monthly demand zone, showing solid rejection and strength. It also broke the diagonal trendline responsible for the bearish trend. The weekly momentum is strongly bullish, and the daily momentum is also bullish, supported by Bitcoin's strength. The price may form a small range here before taking off straight toward the purple targets. I’ve bought a spot position here and will be holding it all the way to new highs and targets above.
Long
by UA_CAPITAL
$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
66K support as the 1st chance to buyMorning folks, So, the journey to 68-69K target is over. Daily AB-CD is completed, right at the trendline resistance on weekly/daily time frame. This target agrees with intraday XOP of our reverse H&S. Since BTC has its own driver - D. Trump promises to make America BTC great again - this lets it to move against the wind, together with gold. But drivers are different. Now we're watching for pullback to 66K support area first. This is the first area where potentially market could turn up again. Next upside target is 70.35K.
COINBASE:BTCUSDShort
by Sive-Morten
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
BITCOIN ON ITS WAY UP TO ATH. TECHNICAL ANALYSIS + TRADE PLAN Technical Analysis + TRADE PLAN by Blaž Fabjan. The image highlights an ascending triangle pattern. This is generally a bullish continuation pattern, especially if formed after an uptrend (as indicated in the chart). The price is consolidating near the resistance level, and a breakout is expected. Resistance and Support Levels: Resistance at $73,655.67: This is the key area the price needs to break above for a significant upward move. Support levels are marked at $68,556.87 and lower at $66,333.98. Price is currently hovering around $69,000. Indicators: VMC Cipher B: There are divergence signals, which often hint at potential reversals or strong continuation. The current setting shows a neutral position, but the past few signals indicate potential upward momentum. RSI (14): Currently at 67.42, close to the overbought zone (70). This suggests momentum but also indicates that caution should be exercised as it approaches overbought conditions. Stochastic RSI (14): Shows a reading of 72.43, also close to the overbought region. This is a confirming signal for potential bullishness but requires monitoring to avoid overextension. HMA Histogram: Shows bullish momentum (green) but with signs of weakening. This is typical before a breakout but worth monitoring. Volume: The volume remains neutral but could spike during the breakout above the resistance zone, further confirming the pattern. Trading Plan: Entry Strategy: Aggressive traders: Could consider entering a long position now, given the ascending triangle pattern and anticipation of a breakout. Conservative traders: Wait for a clear breakout above the resistance level at $73,655.67, confirmed by higher volume. Enter long on a retest of this breakout zone. Stop-Loss Placement: Place the stop-loss just below the support level at $68,556.87, or slightly lower to $66,333.98 for more conservative risk management. This will protect against any false breakout or trend reversal. Target Levels: First target: $74,000-$75,000 region (as indicated in the image by the upper blue line). This would correspond with a clean breakout. Second target: If momentum continues, aim for $78,000 - $80,000, which is the next major psychological resistance level. Risk-Reward Ratio: Ideally, maintain a risk-reward ratio of 1:3 or higher. For example, risking 1,000 points for a potential reward of 3,000 points, depending on your entry and stop-loss placements. Exit Strategy: Partial Profit-Taking: Consider taking partial profits at the first target to lock in gains, moving the stop-loss to breakeven to secure the trade. Full Exit: Close the position if price action significantly retraces back into the triangle or breaks below support zones. If the trade reaches the second target zone ($78,000-$80,000), consider a full exit. Risk Management: Limit the position size to avoid overexposure. Risk no more than 2-3% of your portfolio per trade. Use trailing stops to capture more profit as the price moves in your favor. Market Sentiment and Confirmation: The ascending triangle and technical indicators are leaning bullish. However, confirming volume on the breakout is essential to avoid false breakouts. Global economic factors and BTC news should also be considered for additional confirmation, particularly around major support/resistance levels. By following this trading plan and being mindful of the market conditions, you can take advantage of a potential bullish breakout while maintaining proper risk management.
Long
by elfabiiani
1
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
ONDO ANALYSIS📊 #ONDO Analysis ✅There is a formation of Descending Channel Pattern and Cup and Handle in daily chart with a breakout of Descending Channel 🧐 Pattern signals potential bullish movement incoming after the confirmation of breakout of Cup and Handle. 👀Current Price:  $0.81600 🚀 Target Price:    $1.02090 ⚡️What to do ? 👀Keep an eye on #ONDO price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #ONDO  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
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