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BITCOIN trade ideas

BTCUSD rejected before $100k. Don't panicAt the start of this month, BTCUSD was sitting below $70k. Look where we are now. Lets see if BTCUSD will hold this 1H candle trendline. If we break below, we'll observe whether the top level of support from the last 2 weeks holds. If we don't succeed in holding the orange level, we can see BTCUSD come back down to 86k-93k and accumulate some more before coming back up to break 100k. & believe me when I say it, we are going to break 100k and more.
BITSTAMP:BTCUSDLong
by mascher7675
BTC Short - Martingale Trade Sequence(FOREGIVE MY CHART - REALIZED AFTER I POSTED T/P 1 AND 2 ARE REVERSED) Currently BTC is approaching the 100,000.00 mark. Personally I suspect a correction around this level to retest the $80,000.00 Mark before pushing much higher. It is possible this will push past the 100K mark to liquify bears before making its descent. For this reason I have set a martingale sequence to hedge my short at the specified level. Entered my original short position when we broke 4 Hour Structure of the pictured trendline. Had opportunity for profit taking though way smaller than I have been aiming for of course. BTC has broken back above the trendline and I have hedged my trade with a 1:1 Long Entry. This will allow me the availability to protect my trade if it does progress higher without completely exiting my position at the cost of swap fees and broker commisions. Each time we touch my sell location I will be adding to this trade and cutting any remaining Long trades until listed T/P levels are hit in which case I will cut positions accordingly. If we go up significantly I will look for locations of "Re-entry" in which case I will cut my longs for profit and ride my shorts to a more favorable cut location. (Preferably my T/P Levels) This strategy requires proper planning to leverage in deeper and deeper to the trade without reaching uncomfortable levels of risk within the channel area. My current entries: LONG = $99155.70 SHORT = $98110.30
COINBASE:BTCUSDShort
by Nicholas_k
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
BITCOIN short after bounce from two strong slopped linesWe have strong bearish context after 100k was almost met on falling volume. Now we have strong confirmation when price bounced from 3rd waring line of a downsloping Pitchfork and in the same time zoomed and retested Reaction line from upsloping Action-Reaction set. These bounces were not 100% accurate but left a gap instead, that is even more bearish. Stop is placed on major high (ATH). Not behind it - in order to avoid slippage. We are targeting to the center of last major buyers accumulation
CRYPTO:BTCUSDShort
by 1234qwer
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook: The price of Bitcoin, which remained at or below the completed Outer Coin Rally of 92000 during the preceding week, has successfully broken through this level this week, thus completing our Outer Coin Rally of 99500. The current analysis indicates that the cryptocurrency coin will likely experience a retracement to the Mean Support level of 94400 before embarking on its subsequent bullish trajectory, targeting our forthcoming Outer Coin Rally at 110000. This development signifies the conceivable continuation of a sustained bull market.
BITSTAMP:BTCUSD
by TradeSelecter