Get started

Btc-e

Bitcoin targets 70K! - #BTC AnalysisBitcoin and risk assets have been looking great lately. I believe the upward momentum will continue in the upcoming weeks. The golden bull run is coming for crypto, in my opinion. Current state: I believe we tested diagonal resistance and were rejected there (possibly taking profits from those who bought at the bottom). I would expect a retracement to the 'Long Zone' marked on the chart. The retracement may potentially take a bit longer and might create a range for a couple of days. However, after the retracement, I do expect to see 70K being smashed rapidly.
Long
by UA_CAPITAL
Support Zone: 64748.70-65920.71 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) The M-Signal indicator on the 1D, 1W chart is formed in the 64748.70-65920.71 zone. Therefore, if the price is maintained above this zone, there is a high possibility that a stepwise uptrend will begin. Therefore, the point to watch is whether it rises along the trend line (1) and maintains the price above 68393.48 after around November 4th. If it rises above that, you should check for support near 71280.01. - The StochRSI indicator has currently entered the overbought zone. The rise to the overbought zone means that the upward trend is strong. Therefore, you should be careful when trading because there is a possibility that the upward trend will continue until it falls from the overbought zone. However, if the slope of the StochRSI indicator becomes gentle, the possibility of a downward turn increases, so you should think about a response plan for the decline. When this movement is shown, you should check if there are support and resistance points drawn on the 1M, 1W, and 1D charts, and if so, whether they are supported or resisted at those points. If you do not have support and resistance points drawn by yourself, there is no need to draw additional support and resistance points and create a response strategy. The reason is that additional support and resistance points or various chart tools drawn after the start of trading are likely to reflect your own psychological state. Then, there is a high possibility that it will be drawn according to the price volatility, so there is a high possibility that you will conduct the transaction incorrectly. It is important to start trading right now and make a profit, but I think it is most important to conduct the transaction according to the trading strategy that you originally planned. - If your psychological state has become unstable due to the price volatility, you need to make an effort to make your psychological state as stable as possible by selling in installments. If you do not, and continue to maintain an unstable state, you may end up suffering a large loss at one time, so you need to be careful. - How the StochRSI indicator is initialized, that is, whether it touches the oversold zone, is a point of observation to check the movement of the StochRSI indicator. Since the BW indicator fell from the highest point (100) on March 13, it has not touched the highest point (100) yet. This can be considered evidence that the upward strength is not strong. This time, the BW indicator will touch the highest point (100), so it is a point to watch whether the trend will change. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start when it rises 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 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2024-10-15 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Bitcoin - Bulls got follow through and are at my bullish target where I expect a reversal. The July high should hold and we are at the top of the bull wedge, touched the big bear trend line from ath and saw some decent selling above 67000. Swing short for me 66803, sl 70170. comment: Clear 3 legs up for the bulls. Big resistance 68000, two big patterns aligning and bears demonstrated selling pressure above 67000 and are currently trading below. Enough signals to see this as a reasonable short. current market cycle : trading range (big triangle on the daily chart) key levels: 60000 - 68000 bull case: Bulls moved up fast in the last 5 days but are at bigger resistance now. The bear trend line from the ath now held for 6 months, so do you really want to bet on a breakout above? Very hard to make a bull case here. If they break above 69000, I am surprised big time and we can only assume 70000 and higher next. Invalidation is below 64500. bear case: Bears have all the arguments they need to defend the bear trend line. Their next targets are 65000 and then a fight for the bull channel. Below 65000 is 63000 next, which marks my two-legged correction (ABC). I won’t squeeze more words out of these clear patterns. Invalidation is above 69000. short term: Bearish medium-long term - Update from 2024-10-06: Something between 49000 and 70000. Big surprise, I know. I don’t know if we get a breakout of this range in 2024 again. current swing trade: None trade of the day: Short 67000 because bulls could not hold this price since July. Buying 65000 was the next best trade and also obvious because we had a decent trading range there yesterday and in the Globex session.
CRYPTO:BTCUSDShort
by priceactiontds
Bitcoin (BTC): Rally Fueled by Election SpeculationBitcoin’s recent momentum seems unstoppable, and if it continues at this pace, we could see it challenge the All-Time High soon. Is the rally driven by election speculation? Quite possibly. Former President Donald Trump's growing lead over Vice President Kamala Harris is creating buzz, with decentralized prediction markets like Polymarket reflecting a widening gap between the two candidates. Trump's odds surged 13 points ahead of Harris by October 15. While Larry Fink may downplay the election's impact on the market, we disagree, as we anticipated Trump's increasing odds would begin influencing market sentiment. The recent surge in Bitcoin ETF inflows supports this view. With $550 million in inflows yesterday alone, the spike suggests that institutional investors, rather than retail, are fueling this rally. Institutional adoption continues to grow steadily, benefiting our spot BTC positions, which are printing gains once more. Ignoring a brief dip below the trend channel, Bitcoin has consistently respected it, aligning well with the support zone. Currently, BTC is trading slightly above the trend channel, facing resistance from an order block. While this resistance may hold for a while, we anticipate it will eventually break. However, a slight dip before that would present a valuable buying opportunity, which we aim to capitalize on. Zooming in on the VWAP chart, BTC has reclaimed the 2024 Q1 VAH but is now trading within a 12-hour Fair Value Gap (FVG). A pullback here would be ideal for positioning ourselves for the next leg up. With multiple levels aligning, we have two entry points prepared, and a flexible stop-loss strategy to manage the trades in real time.
CRYPTO:BTCUSDLong
by freeguy_by_wmc
Top of Our Channel Tagged to the Dollar!Here we are again traders. Tagged the top of our channel to the dollar. What precision! Big resistance pressure up here. I am not sure the bulls have the strength to finally break us out and above. Therefore, be ready to start taking profit (if you haven't already). It is quite possible that we come back down to the bottom of our channel or even lower, especially with all that is going on in the world. Never rule out another black swan or flash crash.
INDEX:BTCUSD
by stewdamus
AITECH Long Position (EMA Breakout)Market Context: AITECH is coiling between the 21- and 200-day EMAs, showing bullish momentum with higher lows. A dip into the $0.09 zone could offer an ideal entry, particularly if the daily close shows a wick, indicating buying interest. A break and close above the 200-day EMA would confirm upward momentum. Trade Setup: Entry: Look for confirmation of a break and close above the 200-day EMA. Take Profit: First target: $0.166 Second target: $0.21 Third target: $0.28 Stop Loss: Daily close below $0.07. This setup capitalizes on the bullish coiling pattern and potential breakout. #AITECH #Crypto #EMA
Long
by Richtv_official
JASMY Long Position (Accumulation Breakout)Market Context: JASMY is showing bullish signs, moving out of its accumulation phase with a strong daily close above the EMA-21. The EMAs are aligning favorably, providing a solid entry for a long position. Trade Setup: Entry: Around $0.021 to $0.019. Take Profit: First target: $0.024 Second target: $0.028 Third target: $0.032 Stop Loss: Daily close below $0.018. This setup takes advantage of JASMY’s potential breakout from accumulation into an upward trend. #JASMY #Crypto #Breakout
Long
by Richtv_official
14/10/24 Weekly outlookLast weeks high: $64,486.09 Last weeks low: $58,947.36 Midpoint: $61,716.73 Following a busy week of Data events with CPI & PPI price can be volatile and unpredictable, that was evident as BTC can be seen selling off going into those data events and despite a worse than forecast CPI, the markets responded quite well leading to a climb from Thursday onwards up to the 0.75 line. A weekend of chop gave a positive enough close to warrant a large buy candle in the opening hours of this week, could this be setting the pace for the rest of the week? For me, I'm always a little wary of a "swing fail pattern" (SFP) as these patterns can be very bearish, a reversal at the beginning of the week can lead to a sell off that undoes the previous weeks work as price falls. Confirmation of this pattern would be a wick above weekly high followed by smaller lower highs and lower lows on a LTF (15m). Should BTC manage to stay above the weekly high and maintain structure the target is $66,500. This is an important target as Bitcoin has been trying to breakout of this downtrend for 6 months, anything beyond $66,500 is breaking out of the trend after 10 attempts! This week we have the ECB interest rate decision, a second rate cut looks likely, the first rate cut set the pace for the US 50bps cut. Now the US look likely to cut by another 50bps in November to keep up. Altcoins are starting to look better than they have in the last two quarters. The timeline is cautiously optimistic, especially if BTC manages to breakout of the trend pattern. cautious optimism on the timeline
by ProR35
Technical Analysis for Numerico (NWC/USDT) + TRADE PLANTechnical Analysis for Numerico (NWC/USDT) The price is showing a breakout potential at the top of the channel, which may signal a trend reversal. Descending Channel Pattern: Resistance: The upper trendline shows where the price has faced rejection multiple times. The resistance level is gradually declining. Support: The lower trendline indicates strong support, where buyers have consistently entered the market, preventing further decline. Breakout Potential: The price appears to have tested the upper trendline of the channel. The arrow pointing upward suggests the possibility of a breakout above the descending resistance, which would indicate a bullish reversal. Indicators: Volume: A spike in volume supports the possibility of the breakout. A breakout with increased volume is generally a stronger confirmation of the trend change. VMC Cipher B: This momentum oscillator shows a shift from negative to positive momentum, implying that the buying pressure is gaining strength. RSI (14): The Relative Strength Index is around 58.66, indicating that momentum is neutral to slightly bullish. RSI above 50 usually signals increasing buying pressure. Stochastic RSI: The stochastic RSI is currently in the overbought zone (91.21), which might signal some short-term correction, but the overall momentum remains strong. HMA+ Hist: HMA (Hull Moving Average) shows that the histogram is close to zero but shifting upward, which could imply a possible change in trend direction soon. Support and Resistance Levels: Immediate Support: $0.0719 (marked by the horizontal blue line). Resistance Zone: Around $0.0753 (upper edge of the channel). Great Entry Point: The label indicates that a long entry is ideal around the breakout zone, with an upward arrow suggesting that this level ($0.0721) could offer a solid risk-reward ratio for buyers entering before a potential upward movement. Trading Plan Entry Point: Enter the trade at the breakout above $0.0721 (highlighted as the "Great Entry Point"). If the price closes above this level on the 4-hour timeframe with significant volume, it will confirm a bullish breakout. Stop-Loss: Place a stop-loss slightly below the recent support of $0.0719, at approximately $0.0690, to minimize risk in case the breakout turns into a false breakout. Profit Targets: First Target: $0.0800 – This level aligns with a previous resistance zone and would be a conservative target for short-term traders. Second Target: $0.0850 – If momentum remains strong, the price may continue toward this higher level of resistance, providing a larger reward. Risk Management: Ensure a risk-to-reward ratio of at least 2:1. For example, if the stop-loss is set at $0.0690 (risk of approximately 3%), aim for the first target at $0.0800 (a reward of approximately 10%). Use position sizing techniques to risk only 1-2% of the portfolio per trade, to ensure long-term sustainability and avoid major losses in case of unexpected market moves. Monitoring & Adjustments: Watch for volume confirmation during the breakout. If the volume diminishes, consider closing the position early, as it may signal a weakening breakout. Adjust the stop-loss to breakeven once the price hits the first profit target, ensuring a risk-free trade for the remaining portion of the position. Conclusion: The technical analysis for NWC/USDT suggests a bullish breakout from the descending channel pattern, with indicators supporting a potential upward move. Entering at the breakout level of $0.0721 with proper risk management offers a promising opportunity, especially with a positive shift in momentum.
Long
by elfabiiani
1