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BEARUSD trade ideas

Keep watching for 99-102KMorning folks, Since last week BTC has reached a solid target/resistance area together with weekly Overbought (where it still stands) we have considered two scenarios - either immediate downside pullback via H&S pattern, or attempt to touch major 102K target first and then the pullback. Now it seems that everything goes with the latter scenario. H&S shape on 4H chart is totally ruined. while our 3-Drive stands well and its final part could take the shape of the butterfly. We see nothing interesting for bears by far. But for bulls, if you will control the riks and 86K lows, which is invalidation point of this bullish scenario - everything could be fine.
COINBASE:BTCUSDLong
by Sive-Morten
WHY ARE YOU OVER TRADING ?Overtrading is one of the most common pitfalls that many go under, myself included I am no better , i have been here especially at the start of my trading and intermediate journey. The idea of making fast money is so appealing, but fast money often leads to fast losses..after making a loss I would enter another trade to try to recover but then that trade would end in a loss again.. DAMN, I KNOW... that revenge trading kills. After winning some few trades, I will feel so overly confident and believe that I will win consistently and end up taking trades with bigger amount of LOTS..and guess what ? another loss but this time around even a bigger loss. You end up thinking the market hates you and doesn't like you to see you winning consistently... but in reality, YOU ARE THE PROBLEM .. Are you looking at that chart 24/7 and you don't see any activity happening?? go catch a drink, go be with your family or play sport. Sometimes when you are bored you end up being reckless and end up not following your plan this leads to some poor quality trades and losses.. DONT BE LIKE THAT go have a life outside of the charts.... SO WHY YOU SHOULD STOP OVERTRADING?? 1. Emotional Stress: The constant highs and lows associated with overtrading can take a toll on your mental state. When trading frequently, emotional decisions may become more common, especially after a loss, which can lead to poor judgment and irrational actions. 2. Increased Transaction Costs: More trades mean more transaction fees, which can erode profits over time. Even if each trade has a low fee, they add up quickly and can eat into gains or increase losses. 3. Higher Exposure to Risk: Overtrading often involves taking on more risk than intended or necessary. This higher exposure can lead to larger losses, which could potentially deplete trading capital faster. 4. Reduced Quality of Trades: With overtrading, traders often lower their criteria for entry, leading to trades with lower probabilities of success. This dilutes the overall quality of trades and increases the chances of losses. 5. Account Depletion and Burnout: Over time, the constant focus and rapid pace of overtrading can lead to burnout, both mentally and financially. This can lead to reckless decisions that can potentially wipe out an account. 6. Neglecting the Trading Strategy: Overtrading often deviates from a well-thought-out trading plan or strategy, as it tends to be reactionary rather than calculated. It can prevent traders from focusing on setups with higher probabilities of success and sticking to their strategies. 7. Psychological Effects of Losses: The compounding effect of multiple small losses can have a profound psychological impact, potentially leading to a cycle of revenge trading where traders try to recover losses quickly, often resulting in even larger losses. YOU ARE WELCOME!!!
BITSTAMP:BTCUSDEducation
by ForxTay
Incoming $BTC correction back to $72k-66kBTC has had an impressive run. I got long right before the last leg higher pre election. BTC overshot my target by $6k, but the idea still remains that the FWB:83K -86k is the important resistance and I think we break back below $86k and then start a correction lower. Everyone is extremely bullish here. Coinbase is the #1 app in the app store again and while I still believe there's 3-5 days left in this move higher, I think a correction is coming and so it's time to be defensive instead of take more risk. With alts, I think many will end up below people's entries as I think most people went long alts in the past week or two. I think many alts during this move will correct 40-60%. Therefore, I'll be exiting all of my BTC and altcoin exposure over the coming days with anticipation that I'll be able to buy back my bags much lower over the coming weeks. If i'm wrong and I miss another move higher, so be it, but all the signs are there that this move is exhausted. If I am right, then I think you'll want to have cash to buy this dip because this will be the last large dip before BTC and altcoins explode higher.
COINBASE:BTCUSDShort
by benjihyam
2
BTC Heading Toward Top Target of $116,000🚀 Bitcoin's Journey to $116K: A Bullish Breakout 🌟 Bitcoin is eyeing a potential top of $116,000, fueled by a breakout from a Descending Broadening Formation 📈—a powerful bullish chart pattern. This formation typically signals the start of an upward trend, as it reflects growing momentum and increasing volatility. As BTC breaks through key resistance levels, the stage could be set for a strong rally toward this ambitious target. With market sentiment turning bullish 🔥, this breakout could mark a significant milestone for Bitcoin’s long-term growth. 🌟 Key Takeaway: This technical breakout underscores the importance of tracking chart patterns and understanding market dynamics. Stay sharp, trade smart, and seize the opportunities ahead!
KRAKEN:BTCUSDLong
by KillerWhaleVentures
Potential Macro Channel on Bitcoin to keep an eye onThis ascending channel on the monthly chart has both pi cycle tops from the last two bull runs as key touches on the top trendline. The bottom trendline has lots of important key touches too. If we break above my other big wall of channels which I have posted in a previous idea, thie top trendline of this channel would be the next price I would be looking for for a potential bull market top. By next month the top trendline of this channel wlll be around 240k. The other wall of channels I have posted in the past has a current top trendline around 120k so it would definitely ahve to find aay to break up from that one first to have a chance to retest the top trendline of this one. Gonna keep a close eye on it. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin Technical Buy Signal SetupHello Intrepid Traders , We have here the 4 Hour Chart of BTC/USD pair on Coinbase. This analysis evaluates Bitcoin's buy signals using the 50-EMA, 200-EMA, RSI, and Fibonacci retracement tool. Notably, the 200-EMA aligns with the 0.618 Fibonacci level, enhancing its significance as a key support. We’ll explore bullish and bearish scenarios while outlining a precise buy trade setup. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Trading cryptocurrencies involves significant risk. Always conduct your research or consult a professional advisor before making trading decisions. Analysis of Key Buy Signals Price Action Insights: Previous buy signals occurred near the 200-EMA (red), which correlates with the 0.618 Fibonacci retracement level (~$76,987). This confluence highlights the area as a critical support zone. The 50-EMA crossover above the 200-EMA confirmed upward momentum after price bounces at support zones. RSI Divergence: Buy signals coincide with bullish RSI divergences, where RSI shows higher lows despite price forming lower lows. RSI above 50 has consistently confirmed bullish momentum after reversals. Triangle Formation: Price is currently consolidating within a symmetrical triangle. Breakout direction will determine the next significant move. Scenarios Bullish Scenario: Conditions: Price breaks above the upper triangle boundary (~$93,000), confirming bullish momentum. RSI rises above 50, and the 50-EMA remains above the 200-EMA. Target Levels: First target at $93,495 (previous high). Second target at $95,000-$97,000. Bearish Scenario: Conditions: Price breaks below the triangle's lower boundary (~$87,000) and moves toward the 200-EMA (red) near the 0.618 Fibonacci level ($76,987). RSI falls below 40, confirming bearish momentum. Target Levels: Immediate target at $83,000. Deeper targets at $80,139 and $76,987 (0.618 retracement). Setup for the Next Buy Trade Entry Conditions: Breakout Setup: Enter above $93,000 if price breaks out of the triangle's upper boundary, with confirmation from RSI > 50 and bullish EMA alignment. Pullback Setup: Enter near $76,987 (200-EMA and 0.618 Fibonacci confluence) if price retraces but shows bullish RSI divergence or bounces at this critical support. Entry Points: Breakout Entry: $93,000. Pullback Entry: $76,987. Stop-Loss: For breakout: Below $90,000. For pullback: Below $74,000 (to account for false breakdowns). Take-Profit Targets: First target: $93,495 (breakout) or $83,000 (pullback recovery). Second target: $95,000-$97,000. Final Thoughts: This analysis highlights the critical alignment of the 200-EMA with the 0.618 Fibonacci retracement level as a robust support zone, alongside a symmetrical triangle signaling potential breakout opportunities. By combining key technical indicators, traders can prepare for both bullish and bearish scenarios with clear entry, exit, and risk management strategies. Remember, patience and discipline are essential to capitalize on these setups effectively. Leave your questions and comments below. More power to all your trades! Intrepid Trader
COINBASE:BTCUSD
by RSibayan
Market Reactions in Last 3 U.S. Elections and BTC Target $95k!Let's look at how the market reacted in the last 3 elections! - 2012: Obama re-elected ➡️ Initial stock sell-off over fiscal cliff fears, then strong rally post-deal. Crypto is mostly unaffected. - 2016: Trump wins ➡️ Stock rally on tax cut & deregulation optimism. Bitcoin starts climbing, hinting as a "digital gold." - 2020: Biden wins amidst pandemic ➡️ Stocks surge on stimulus hopes. Crypto enters a major bull run, with BTC skyrocketing as an inflation hedge. 🗝️ Elections = market volatility & opportunity! Regardless of who wins, CRYPTOCAP:BTC will likely reach a new ATH by the end of 2024. Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows. Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it. #BITCOIN UPDATE:- BTC looks solid for now. There’s still a possibility for BTC to hit the $60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support. A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between GETTEX:82K and $95K by the end of the year. DYOR, NFA. Do hit the like button and share your views in the comment section! Thank you #PEACE
OANDA:BTCUSDLong
by Cryptorphic
10
BTC 100k is not enough- Believe it or not. - There's nothing at 100k. - the trend would not be respected. - i was here when BTC broke 10k$ for the first time. - At that time, most traders called for a top and scared. - BTC didn't care and went straight up to 20k$.. - i see only 3 Scenarios. 1 : Orange : BTC retrace soon, then it will delay time, then ATH will be 220-240k. 2 : Green : BTC goes to 150k, retrace to 161.8, and make a second Top around 220-240k. 3 : Red : BTC go straight to 150k$ then dip and struggle. ( i doubt on that way ). - As always, this only my humble prediction and opinion. - Everything can happens with FA. ( war, crises, stop internet.) - More it will take time, more up BTC will go. Stay S4fe Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
7
BTCUSD MOMENTUM SLOWED DOWN This is how BTCUSD look in the 1H timeframe, as i said before TO DO NOT ENTER THE TRADE if you wasn’t in the trade already since $72k, we looking for a RETRACEMENT, a better price cause the price is too high right now . Right now it’s time to observe the price in the BOX and see where it break through UP or DOWN. I’m pretty Cheap and a good Negotiator so I want a better price to get another entry, so in case the price breaks UP i might not enter the trade. I always try to remind people YOU CANT’T CONTROL THE MARKET, YOU CAN ONLY WATCH HIM DO HIM AND REACT TO WHAT HE DOES, cause some people keep wanting to the price to GO UP OR DOWN and then feel bad when it doesn’t do what you want. NO YOU LOOK HIM GO UP AND YOU GO WITH HIM OR GO DOWN AND YOU GO WITH HIM. I hope my post helps some people out there. So let see what the price will do in that case. Thanks
COINBASE:BTCUSD
by lekinri
1