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BTCUSDT short using proprietary multi-timeframe trend detectionBTC has rejected the short term trend (13D EMA) yesterday and again today on the H1 time frame. For the coming hours it will be quite interesting to gauge wether we see a reclaim of the H1 200D EMA or not. We've had a candle close below it and look to be targeting 65.5k - 64.7k in the short term. Would be a great zone to look for swing longs into new highs in my opinion. Entry: 66874 SL: 68007 TP: 64736 Short term I'd like to see the H4 close back below 66k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
Short
by backo3456
21/10/24 Weekly outlook (day late)Last weeks high: $69,001.51 Last weeks low: $62,475.70 Midpoint: $65,738.60 Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level. I would say judging by the chart I would want the downside to be capped at the Midpoint, continuing the trend pattern of higher highs and higher lows. The '21 ATH has been the biggest hurdle for BTC over the last 7 months with repetitive rejections, if the lows can keep creeping up then eventually we should get a spring above and that should be the move for an ATH run which should happen soon after if all goes well. Naturally we have ever increasing outside interference with the US election just around the corner, we know this is likely to cause volatility so be careful of that. Prediction markets like Polymarket have Trump as favourite, he is the pro bitcoin candidate so it should be a positive for the space if he were to be elected but you never quite know what will happen until it's confirmed. This week I want to see BTC continuing to make higher lows and higher highs. Altcoins have cooled off a little too after the initial BTC burst up from $60,000 so I'm looking for opportunities there too.
by ProR35
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
Oct.15-Oct.21(BTC)Weekly market recapThe CME interest rate swap market predicts that the FOMC will likely cut rates by 25 basis points in November. This means that after a 50 basis point cut, the Federal Reserve will loosen its monetary policy. This is not favorable for risk assets, including BTC. In the past two weeks, BTC ETFs have seen significant net inflows, indicating that after the shift in monetary policy, funds are gradually flowing into the cryptocurrency market. This is a large-scale trend. BTC is rapidly approaching its all-time high (ATH). However, the pricing in the interest rate market for a November rate cut may lead to some degree of correction for BTC. Additionally, the U.S. presidential election will take place in early November. While Harris has expressed support for cryptocurrencies, Trump is undoubtedly the biggest supporter for the sector. The importance of the U.S. election for BTC is increasing. As we expected, BTC maintained its upward trend last week and moved above the given support level. We can see the blue bars representing whales appearing on the WTA indicator. The macro shift is starting to attract large capital. The purple wave area on the ME indicator is widening, indicating stronger bullish sentiment. In summary, we believe BTC may experience a correction this week and then continue to rise afterward. We are raising the resistance level to 70,000 and the support level to 60,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
Continued bearish scenario for BitcoinIn the daily time frame, as we expected in the weekly analysis, we see the formation of a reversal candle with the appropriate volume to change the upward to downward trend, and also the level of 66600, which was the last level for daily support which we say 3candle formation , has been engulfed and the price has penetrated into it, which indicates the passage. Supporting it in the next encounter is clearly visible in the 4-hour timeframe In the 4-hour time frame, we have a change of charector and a downward range has been formed, which in the 1-hour time frame, by leaving the ascending wedge pattern, this range is placed below the 4-hour block breaker and the daily key level, which can be confirmed in the lower time frame. Enter the short trade if it is shown in the 15 minute time frame
Short
by MrHunterTradeInsight
BTC/USDT: Preparing for Wave 5 in the Elliott Wave Cycle on 1H CThe BTC/USDT pair on the 1H timeframe shows a classic Elliott Wave cycle, with Wave 4 appearing to have been completed and Wave 5 potentially about to start. Technical Analysis: Elliott Wave: According to Elliott Wave Theory, after Wave 4 (a corrective wave) completes, the market often enters Wave 5, which is usually the final bullish wave before a larger correction. RSI: The RSI is currently below 50 and is recovering from the oversold zone, indicating potential for an upward move, aligning with the anticipated Wave 5. Bollinger Bands: The price is near the lower band of the Bollinger Bands, suggesting a potential rebound towards the middle or upper band in the short term. Trading Plan: Entry: Wait for a confirmed breakout above the peak of Wave 4 with increased trading volume to confirm the uptrend. Take Profit (TP): The target for Wave 5 is expected in the 72,000 - 75,000 USDT range, based on Elliott Wave structure and previous resistance levels. Stop Loss: Place it below the bottom of Wave 4, around 66,800 USDT, to minimize risk. Note: Trading based on Elliott Waves can be highly rewarding, but there is also potential for misinterpretation, especially if Wave 4 extends into a more complex corrective structure. Closely monitor indicators and volume for confirmation of the move.
Long
by cashback-ventures
1
Sell BTC/USDT Wedge BreakoutThe BTC/USDT pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge Pattern pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 67600, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 64756 2nd Support – 63264 Stop-Loss: To manage risk, place a stop-loss order above 69940. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
3
The importance of explanation of the basis (Title) The important thing in chart analysis is the explanation of the basis. Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- You need to read the explanation below to understand the points, sections, and volatility periods that I'm talking about. However, for those who don't need that, I'll briefly explain it first. Support section 1st: 65920.71-67414.39 2nd: 61099.25-62540.0 Resistance section 68955.88-72078.1 The next volatility period is around November 7th, so the point to watch is which section of the section I mentioned above it is located in after passing this volatility period. ------------------------------------------------- (BTCUSDT 1D chart) The StochRSI indicator is showing a downward trend after approaching the highest point (100). The StochRSI indicator used in this chart is an indicator created by changing the formula of the general StochRSI indicator, so there may be a slight difference from the StochRSI indicator you are actually using. The setting values ​​of the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D). In any case, since the StochRSI indicator is showing a downward trend, it seems likely to lead to an additional decline. However, if the StochRSI indicator has not fallen from the overbought zone, there is a possibility of a rebound, so it is necessary to check the support and resistance points formed at the current price position. The current price seems to be located near the Mid (50) indicator and the HA-HIgh indicator is about to be newly created. Therefore, if the HA-High indicator is created at the 67414.39 point, the support around that point is an important issue. Since the HA-High indicator of the 1W chart is formed at the 65920.71 point, we can see that the important section is around 65920.71-67414.39. - If the HA-HIgh indicator of the 1D chart is newly created, the HA-High of the 1D chart > HA-High of the 1W chart > HA-High of the 1M chart, so the regular array of the M-Signal indicator, which is a trend perspective, is expected to create a regular array from the post-trading perspective as well. If this regular array state is created, it is more likely to create a new upward wave, so it is more advantageous to look at the market from a long (LONG) perspective. Therefore, it is expected that the important point of observation will be where support is received at this initialization of the StochRSI indicator. The initialization of the StochRSI indicator means moving from the overbought section -> oversold section, oversold section -> overbought section. When this initialization process is performed, - When falling from the overbought section, - When located in the middle point, - When rising from the oversold section, Volatility is likely to occur when passing through the three areas above. - Considering the importance of support and resistance points, the movement of the StochRSI indicator, and the M-Signal indicator, it is expected that the upward trend will continue if the price is maintained above 62540.0. If possible, we should check if it can be supported and rise near 65920.71-67414.39. If the BW (100) indicator on the 1D chart is not regenerated, it is expected that a full-scale uptrend will begin only when it rises above 72078.1. Therefore, from the current price position, it is expected that how it will break through the 68955.88-72078.1 range will have a major impact on the future trend. The next volatility period is around November 7. - (1W chart) If you look at the 1W chart, you can see a clearer movement than the 1D chart. ------------------------------------------ I think trading is classifying the support and resistance points drawn on the 1M, 1W, and 1D charts according to importance and creating a trading strategy accordingly. This is what I said in the previous idea about why support and resistance points are important. In order to classify the importance, you need to look at how densely the candles are arranged. In other words, you need to look at how many sideways sections are created. You can also use the Renko chart for this. If you share and use this chart, the HA-High, HA-Low, BW (100), and BW (0) indicators form the most important support and resistance points when trading. And the next important indicators are the Mid (50) and OBV 0 indicators. To check this, draw the indicators formed on the 1M, 1W, and 1D charts, and they will immediately act as support and resistance points. - Although the coin market is a market that follows trends, you cannot know everything from the trend. In other words, you need support and resistance points and the StochRSI indicator to check volatility. If you don't check this, I don't think it's easy to check volatility. I explained how to check trend lines and volatility periods with the previous idea. I'll take the time to explain it again next time. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to touch 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
$BTC Closed Outside 250D Range - PREPARE 4 BLAST OFF14 days until the next Rate Cut, and the following day is the Presidential election 🇺🇸 CRYPTOCAP:BTC just closed its Weekly Chart outside a 250 Day accumulation range. You’ll never see $60k Bitcoin again. You should be FULLY deployed by now. Spot Only. NO LEVERAGE. Don’t be a trader. Sit on your hands the next 12 months and just follow the charts for indicators on when to sell and the TL for euphoria. CRYPTOCAP:USDT.D should be your main focus on when to exit the market completely.
Long
by jonnieking
Alikze »» BTC | Bullish angle pattern | bullish channel - 8H🔍 Technical analysis: Bullish angle pattern in the bullish channel And the pullback is broken into the swing - According to the movement scenario predicted in the previous analysis , by forming an ascending diamond pattern, it managed to break the dynamic trigger and move towards the supply areas. - It is currently moving in an ascending channel in the 8H time frame. - With the formation of an ascending corner pattern, it is undergoing a temporary correction to the green box. - Therefore, it can encounter support after correction in the green box area and continue its growth up to the supply range. 💎 In addition, if the correction is sharp, there will be a possibility of breaking the green box, up to the range of 62500. 💎 So, in case of zigzag correction in the green box area, it can meet the demand and touch the target of the supply area. ⚠️ In addition, if below the area of ​​62500 candles, the bullish scenario will be invalidated and should be re-examined and updated.⚠️ »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»««« MEXC:BTCUSDT
Long
by alikze
BTCUSD hit the 1hour MA200. New rally if it holds.Bitcoin / BTCUSD hit the 1hour MA200 on today's strong correction. So far it is holding and is on the 5th candle in a row of support. As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th). The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a bullish signal. Buy and target 71000 (+6.70% at least). Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
2
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