#btc #btcusd #elliottwave short sell setup 28Oct24This 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.
BITCOIN trade ideas
BTC 63k?Bitcoin has just hit the weekly resistance level at 69,032, and it looks like the price might be rejected. We can also notice a bearish harmonic pattern. Another confluence is the Conformator and its upcoming red cloud cross. All these confluences give me an entry for a short position, with the next two strong support levels in the 66.5k and 63k zones.
Bitcoin the Dominatrix: Leading the Crypto Charge💥👑 Bitcoin the Dominatrix: Leading the Crypto Charge 📈⚡️
Hello everyone! Bitcoin is asserting its dominance yet again! Following a period of geopolitical turmoil, Bitcoin has not only held steady but has begun pushing through resistance near $69,000, underscoring its strength and growing market share compared to altcoins.
Dominance Highlights:
Bitcoin vs. Altcoins: Bitcoin is up 1.43%, while Ethereum lags at 0.49%, and altcoins overall are down 0.9%. This trend reflects Bitcoin’s expanding “dominatrix” role in the crypto space, capturing a larger slice of the market with every price rally.
Safe Haven Status: Like gold, which is also hitting new highs, Bitcoin is behaving as a safe-haven asset, especially appealing in volatile times. Investors continue to favor it for stability, and its price action is suggesting a potential next target of $79,000, with further levels to monitor.
Future Price Potential: As we look toward 2024, Bitcoin’s path may lead it to all-time highs, with targets of $115,000 and even $160,000 on the horizon, as post-election market movements often fuel further growth.
Bitcoin’s strength is undeniable, but resistance levels should be watched closely for those trading this wave. With each step, Bitcoin solidifies its role as the leader in crypto.
One Love,
The FXPROFESSOR 💙
Charts:
Bitcoin Dominance 15m :
Bitcoin Dominance 4h:
Bitcoin:
Alts Total3:
BTCUSDBitcoin is been ranging for a while now. Structurally we are ready for a big dip that may go much much lower. Ideally its best to cut your longs by the weekly zone or before that and wait for sell confirmation.
BTC USD UpdateAfter 4 days of filling orders, we got moving with it. This allowed us to fill up orders for days. Something told me it was too good to be true and that it would wick us out, so I left a huge stop-loss and also placed a spot order long just in case. Now we have orders from last month going, plus new ones. I'm really all-in till 70k liquidity level. After 70k I also want to leave a runner. I don't know how far we will go with it, but the trading conditions are good and easy as of now. I hope you guys are taking advantage of these markets and are profitable. I'll keep you posted if we lose bullish momentum or something comes up. Stay calm now and enjoy the ride!
BTC at 68764 and its Bounce Back levels.BTC is in bullish trend and it can drop due to profit taking and correction, These levels mentioned in green lines are #BTC bounce back levels.
Note: This is not a buy/sell call. Trade at your own will.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook:
As stated in the Bitcoin Daily Chart Analysis For the Week of Oct 18, the Bitcoin ''Interim Rebound'' completed our Inner Coin Rally of 69300 and retreated to the Mean Support level of 66800 and interim squeeze extension of the Mean Support of 65300 in this week's trading session. Currently, we anticipate the onset of a primary rebound, which is expected to facilitate recovery and further advancement into the subsequent phase of the bullish trend.
BTC FALLINGIs Now the Right Time to Sell Bitcoin?
As Bitcoin continues to experience significant volatility, many investors are wondering if now is the moment to cash in on their holdings. While Bitcoin has delivered impressive gains for early adopters, the unpredictable nature of the cryptocurrency market presents both risks and opportunities. Selling Bitcoin at current levels could allow investors to lock in profits, diversify portfolios, and reinvest in more stable assets.
Market analysts point to increased regulatory scrutiny, fluctuating investor sentiment, and macroeconomic conditions as factors that could impact Bitcoin’s future price trajectory. For those looking to reduce exposure to risk, selling BTC now can offer a strategic exit while prices remain elevated.
Ultimately, the decision to sell Bitcoin depends on individual financial goals and risk tolerance. However, with the market’s inherent unpredictability, acting sooner rather than later could provide a chance to capitalize on gains and explore other high-potential investments.
69.3-69.5K is a key to the next directionMorning folks,
So, last time we said to not hurry up with the new long entry and then BTC has re-tested our 65.5K support area where we got nice long entry earlier.
At first glance BTC looks nice bullish performance, but it is clearly slowing. D. Trump crypto programme has done its job and totally priced-in. Its impact is exhausting. If D. Trump will take the office we could get jump in a moment, but it mostly will be a psychological reaction.
Now we would say that both directions have approx. similar chances. We have bullish and bearish patterns on different time scales. Thus, we suggest that 69.3-69.50K area will be the key to the next stop.
Upside breakout will lead BTC to action above 70K+ while "222" Sell, if it will work, probably will trigger deeper downside retracement.
So, make your bets with this issue in mind.
BTC’s Big Crossover: Is October 2024 the Start of a New Rally?BTC's weekly close came in neutral.
The MACD just crossed over, the first time since October 2023. This crossover on the weekly chart comes after six months of a downward trend.(MACD crossed down on April 2024)
With the last rally starting in October 2023, could we be looking at a similar setup now in October 2024?
Let's watch and see!
Possibility of uptrend The corrective trend is expected to continue until the specified time frame. Then we expect to see the beginning of the upward trend. If the price crosses the support range and the support trend line, the downward trend will be likely
Hold 67k => next stop is 120k. The bull flag has not been invalidated. Election FUD will stop in two weeks. I'd be happy to accept the 120k BTC as a Christmas gift.
I had a vivid dream of seeing BTC trading at Nexo for 105k. Thought it was a bug and had been trying to dump it, but they've halted trading. I went to check the price at other exchanges and realized BTC had pumped right to 120k in a single day. Felt so good.
Realistically, the best play right now is to dump and wait for 70k. The 69k acts as a resistance for some reason, and If we go back to the lower side of the range and fail to hold it (65k - 67k currently), then that's bad news. At that point, you may want to flee into the stables, but the price is already 5-6% lower than now. BUT the problem is if I sell now, I'll be reluctant to buy back in the 70k - 74k range.
While we're above 67500, 1H 4H 1D 7D all look bullish. At around 67k, 1H 4H 1D turn bearish. With that in mind, I'm holding for now. Any weakness towards 67k - I'm out.
LFG!
BTC SHORT BIAS, IDEA BASED ON INDUCEMENT AND ORDERBLOCKAfter price takes the liquidity in the inducement area, mitigating the Orderblock may be a strong sell signal...🚦
BTC at 70k don't worries me, the real challenge is at this levelBitcoin continues fluctuating below 70k.
As we mentioned in last week’s analysis, it doesn’t surprise me that Bitcoin crosses 70k; the real challenge is for BTC to surpass $71,890.
If you look at the overall structure, the price made a very significant historic move in MAY and JUNE, which I’ll label as PIVOT 1 and PIVOT 2 (see chart).
To me, that area presents a real challenge to surpass because I detect a lot of institutional liquidity there, so we need to stay alert once the price crosses 70k and reaches this level.
For now, the price has managed to create two candles with strong buying pressure, so I think Bitcoin will have a few good days, but it will continue to fluctuate below 70k until we see solid buying volume.
Thank you for supporting my analysis.
TRADE SAFE!
Best regards!
BTC - a last dip before new ATH ?The chart is in 3H cause couldn't zoom out more with lower timeframes :((
Pattern recognition at its best
since the low of the 10 October, the price action is an extremely exact copy paste of march/April ATH :
- A significant top, ATH for the first pattern and 3 months high for last week
- first take profits, to 200MA 4H for the first pattern, to 100 MA 4H, 4 days ago
- 2nd wave and 3rd wave higher than the second (almost hit ATH), the second wave has been made and BTC will probably make the third tomorrow
in April this followed a correction. The pattern was bigger in April in % price and in time, so we should see shorter waves and lower price movements now.
The conditions for this to continue as the last time and to see the last dip is to have a 3rd wave going around 69K :
- if we break above 69k the pattern get invalidated
- if we stay to long time above .618 fib extension at 66K3 the pattern get invalidated
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Careful don't mind me, I'm neutral on this idea, and will not do anything before seeing a clear path. What changes now from April is that the halving was priced in way before so I'm seeing also lot of reasons why prices could just go above 69k and fly from now
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Last but not least, BTC is for the moment following the orange path from my precedent idea, putting my target for fall 2025 at 240K, but this can change a lot
Good Luck
Cheers
Bitcoin Cup & HandleI consider cup and handles to be a trap for most new traders because they are quite rare and often times when you see people posting cup and handles, they aren't real cup and handles. Cup and handles can't don't exist on a 15m or 1hr chart and most certainly not on a 1m or 5m if you ask me.
That being said, this is a pretty nice cup and handle here on the 1W that has been forming for a few years now. I've also shared this without the cup, nice bull flag either way. I would fully expect a breakout after this 3+ year consolidation period to be substantial if it happens. It's also a bull flag that's been forming since March, you would expect a large move for either of these patterns after the break.
$100k seems inevitable if it can break ATH and sustain, but there's also the chance for a huge rejection or fakeout. Gotta be bullish for now until it rejected the top end of this flag or has a brief move above ATH and quickly rejects. Best trade idea here I think would be to wait for a break and retest of the handle/bull flag or ATH. Although the retest may not come for a long time.
BTCUSD Bitcoin again to the highs, as #BTCUSD has shown a good respect on daily fair value gap. It can be observed that it is now headed over to the recent highs.
This is what I guess the market will do.
#Happy_Trading
COPY of RETESTING IN PROCESS, added some deeper understanding! Here is a copy of "retesting in process, almost complete".
Glance at this chart and study it. I've added some modifications.
The algorithm plotter shows the downfall is almost coming to an end. This four-hour timeframe ends at 1 PM PT.
My whale's buy is displayed where the most current rocket is. My whale scalper agrees with my rocket blast algorithm.
My ATR RSI SCANNER has confirmed on the 4HR TF, it's move-up time soon. Again, this is a lower timeframe. This can add a lot of noise to trading.
Higher timeframes read bullish reversal and no doubt we have been confirmed a massive wave coming our way.
OBJECTIVE DATA ANALYSIS OF BTC 5D Chart. Starting with the main price chart: there are no supply zones above. There is a bullish order block off the 07 SEP low at 52.7k. Also notice that price have not reached equilibrium yet which is what price always retraces to. That is around 44k which suprisingly (not) is the ETF entry price. Price is also at the top of the long term bearish channel. The price bars look pretty bearish. What will probz happen is break through OB at 53k, reject off bottom of it and go down to equilibrium. From there price will head toward its new ATH as it will finally have enough supply to get there. Cannot rule out the extreme imbalance in the market on the lower levels which can be seen if zoomed out.
Now for the AWPRVC the price cloud is starting to separate after being squeezed and is curling down crossing the short territority. It has already crossed the volume candles, volume candles have rejected off bottom once and is rejecting off it again. There is also bearish divergence in volume bars compared to the main chart price bars meaning price bars likely to go down.
The Hiken Ashi Algo V6 which integrates RSI with price and volume is consolidating and about to switch bearish as well as reject off the 75 percentile and hit back into the 50 percentile line (black) or reject off the volume wave.
IDK how many more bearish signs you need but ya. idc what you do with this info just trying to help some people. whether you think I am right or wrong, all i am doing is analyzing the data in front of me COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSDT
EMA Crossover Zone With BUY /Sell Signals.This script is designed to help users indentify market trends and receive buy/sell signals using three Exponential Moving Averages (EMA) 12EMA 34 EMA and 144 EMA,The script includes the following functionalities:
1. Calculation and Plotting of EMA Lines
12 EMA (for Short-term trends),
34 EMA (for-medium-term trends),
144 EMA ( for Long-term trends)
2.Trend Zones Between EMAs :
Zone Between 13-34 EMA : Green bullish trend, Red bearish trend
Zone Between 34-144 Blue bullish trend in the long term , Orange bearish trend on long term
3.Crossover Signal "Buy" signal "sell" signal
BTCUSDIs the BTCUSD tidying up before the elections, a question that we must ask ourselves.
If, on the other hand, we look at the price in different time frames, we can see a range where bearish and uptrends were set up, all due to the fractality of the market.
#btc #btcusd #elliottwave short sell setup 27Oct24 wave 2This 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.
A simple guide on liquidity pathIn this picture I have shown how you will find and the place of liquidity from internal to external where you have to look for the reversal after the hunt remember
birds may not HIT every time and fall
it means market can CONTINEW also without reversal
