sell against the trend, not recommended.Sell against the trend not recomended, But At all time high, can't do anything else except short. see if goes to the broken trend line retest.
BEARUSD trade ideas
Eyeballing the Cycle HighThis all seems familiar to me... BTC has popped off from its cycle low and shown us market participants that it's alive, and now its consolidating around the previous cycle high.
This log regression fits quite nicely over Bitcoins steady, exponential and almost linear rise.
It would appear that BTC will break out of the regression channel at around $110.000-$120.000, at which point it would be time to start scaling out - hastily, though not all at once.
This is my strategy, anyway. And, it will have to be adjusted along the way as it'll likely be front-ran by larger and more sophisticated investors, institutions, and governments.
bitcoin is flying i told you guysbitcoin is flying i told you guys like to make profit asking me how?
BTCUSD Ideas on Daily Time Frame
Hello everyone! Here's my ideas for BTCUSD on Daily time frame.
But broke the consolidation zone and I am expecting it to do continuation to fully formed the pattern ABCD. Let's see how it goes!
Road to 94,000$ ?
Bitcoin $150k target by Nov 2025, if up channel holdsLooking at a logarithmic chart of BTCUSD on a weekly basis, we can see an ascending non-equidistant channel that bitcoin has been following where it has just regained the middle line of the channel with the recent move to $80k, a major psychological level that could switch between support and resistance in the coming months, and with $150k price target within reach if BITSTAMP:BTCUSD can hold this channel over the next 12 months.
BTCUSD: Strong Bearish Bias! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 75,946.36
Wish you good luck in trading to you all!
BTC correction to 76K is likely. Im expecting a correction towards 76K very soon, where is a good opportunity to rebuy BTC. 76K represents the last point of control, from which this move has started and will be most likely defended by buyers. This is not a sell idea, please do not used it like this. Also do not enter blindly at 76K. Wait for a reaction instead, CHOC, BOS and volume spike. Then enter to the trade and set SL. The best way how to enter is use a retest of the important level. Otherwise you can enter based on the pullback(of the falling price) , which will lead to loosing trade. If the retest holds, that is the time when to enter. Wish you good luck.
FUTURE BITCOIN ANALYSISTrend Channels:
The chart shows BTC/USD moving within an upward-sloping channel, with orange trend lines marking support and resistance. As long as the price respects this channel, the overall trend remains bullish.
If BTC approaches the upper boundary, it may encounter resistance, possibly leading to a pullback. Conversely, the lower boundary could act as support in case of any declines.
Fibonacci Levels:
Fibonacci retracement and extension levels are marked, which help identify potential resistance and support zones.
Key levels like the 0.618 (Golden Ratio) are shown at around $108,282.13, and a higher level near $320,008.27. Reaching these levels could attract selling pressure, especially if they align with the trend channel boundaries.
Volume and Moving Average:
Volume appears to be declining as BTC/USD moves higher. This divergence can sometimes indicate weakening momentum. A sudden spike in volume (especially on a breakout) could signal renewed strength.
RSI (Relative Strength Index):
The RSI indicator at the bottom shows overbought levels (above 70), which could suggest a potential correction or consolidation in the near term. Historically, when BTC hits these overbought levels, a pullback or sideways movement often follows.
Long-Term Projections:
The price projection lines (in white) suggest two possible scenarios: a continuation of the upward trend within the channel or a potential major pullback.
The price may retest support near $91,799.71 before any further upward movement. Alternatively, a sharp breakout to the upside could push BTC to higher targets, possibly above $200,000, aligning with some optimistic projections for future cycles.
Psychological Support and Resistance:
The current price of around $80,499.99 is close to $100,000, a significant psychological barrier. Breaking above this level could lead to increased buying interest.
Summary:
Bullish Scenario: If BTC breaks above the current resistance and maintains momentum, it could aim for higher Fibonacci extensions near $108,000 and possibly $320,000.
Bearish Scenario: Failing to maintain the current level could lead to a correction toward lower support zones within the channel, possibly around $50,000–$60,000.
BTC USD SELL @ 80800
📉 **BTCUSD Short Trade Setup** 📉
🚨 **Sell Entry:** Current levels (monitor closely for confirmation)
🎯 **Targets:**
- **Target 1:** $74,849
- **Target 2:** $68,000
🛑 **Stop Loss:** 250 points above entry
💡 **Analysis:**
We're looking at a potential downside move in BTCUSD with significant targets in view. Place the stop loss just 250 points above entry to manage risk effectively. Keep an eye on key support and resistance levels, and watch for price action signals to confirm the trade setup.
⚠️ *Disclaimer: Always trade with caution and use proper risk management. This setup is shared for educational purposes only.*
BTC Major resistance 83k - 87.5kBTC is following this pattern perfectly and will hit the upper limits of the channel soon.
Bitcoin is overboughtOn the 6hr chart, on August 5th Bitcoin printed an oversold RSI signal trading at a low of 49,050. Now, on November 10th, Bitcoin is printing an overbought RSI signal trading at a high of 80,130. Bitcoin is up +63% from low to high in the past month. It's also trading at the top of it's 1 month trend channel. For these reasons, the probability of risk : reward are diminished for long and increased for short. At this writing, BTC major resistance round number is 80k and major support is 70k.
#btc #btcusd #elliottwave short sell setup wave c 10Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Btc chart hourlyBtc chart, new levels.
Each level can reject to a new low. if the bullish trend is broken most of the times the price goes down if support will not hold.
$BTC bottom and top targets. Top = $123-127k, bottom = sub $10kThis is the chart I'm using to guide the top and bottom of the cycle.
Now that we've decisively broken above the bull/bear line, the next targets on the chart are $83-$86k and then $123k-127k.
Those should be significant resistances where price will reject. If we make it up to the top resistances, I think that will mark the end of the cycle.
As long as we don't break below $66k after touching those resistance levels, price will remain bullish.
If we break below $66k, then the $9k bottom is possible.
Simple as that.
Bitcoin Set for Explosive Move After 220-Day Consolidation!BTCUSD has been in a 220-day range, similar to a previous consolidation period seen in early 2023. Historically, after such long-range trading, Bitcoin has experienced strong bullish breakouts, as shown by the green arrows. With the current range nearing its end, we could be on the verge of another significant upward move. Keep an eye on a potential breakout, which may signal the start of a new bullish trend.
Regards
Hexa
BTC to $125kHype is growing. $100k will be the strong level, where a lot of buyers will jump out. And will jump in again above $100k. At that point I will be selling into the the terminal distribution in the wave 5/(5)
Bitcoin's Bullish Path: Monthly Inverse Head and Shoulders BreakBTCUSD's monthly chart has confirmed an inverse Head and Shoulders breakout, suggesting a potential bullish surge in the coming months. The breakout above the neckline around $70,000, supported by significant volume, aligns with a price target of over $300,000, representing a potential 300% gain. This setup highlights a possible major uptrend, with Bitcoin aiming for new all-time highs. Traders should watch for a successful retest of the neckline to confirm bullish momentum. If BTC maintains support above this key level, the path to $300,000 may unfold, marking a pivotal bullish phase for Bitcoin.
BTC following the Pitchfork channelsInter-day and swing BTC scalpers may find this tool invaluable for identifying demand and supply zones when mapping potential reversals. By shifting between different timeframes, you can gain a more granular perspective of market activity. Recognizing that the majority of BTC trades are driven by algorithmic market makers, you can confidently rely on the confluence of these zones to pinpoint potential reversal points, enabling well-placed limit buy and sell orders."
Bitcoin (BTCUSD) - There's A Problem...On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum, especially if price closes this way on Sunday.
Relief retracement back down to $65,000, even if it's a manipulated spike down to that region does not seem far fetched.
BITCOIN 2024-2030The further this chart goes into the future, the less conviction I have of it playing out. It's pure speculation past Jan 2025. However, I do believe that we get a 83-94k BTC Dec 2024-Jan 2025
Bitcoin to 125,000After 9 months of downtrend/sideways price action, bitcoin has finally broke out of this trend.
If we zoom out to weekly time frame, the 9 months of downtrend/sideways price action, serves as "handle" for "cup and handle" pattern which goes back to Nov 2021. Finally, after 3 years, this pattern is completed and bitcoin is set to get to it's next target which is ~125,000.
On it's way up, bitcoin will probably face some resistance at 100K, since people have been waiting for bitcoin to hit this price target from all the way back in 2019-2020. Moreover, 100K is Fibonacci famous 1.6 extension level, so we might see some sell off at this price. However, we believe that FOMO can break this resistance level with ease and bring up the price to 125,000 USD.
From this point, we probably see more sharp upward trend toward 155K and 200K but this is the danger zone where we might see sharp pullbacks to 100-125K range.
