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BTC will drop acc to falling wedge pattern Traders please let me know your opinion in comment section Sell Signal Issued for OANDA:BTCUSD A sell signal has been triggered for BTC/USD based on the falling wedge pattern. Key Details: - Pattern Type: Falling Wedge - Timeframe: H4 timeframe - Breakout Level: The price has broken below the lower trend line of the falling wedge pattern. Interpretation: The breakdown below the lower trend line indicates a potential continuation of the downtrend. This sell signal suggests that the price may decline further, potentially reaching new lows. Trading Implications: - Sell Opportunity: Consider opening a short position, targeting the next support level. - Stop-Loss: Place a stop-loss order above the lower trend line to limit potential losses if the pattern fails. Hope my idea will be profitable for you 😄 Best wishes Tom 😎
OANDA:BTCUSDShort
by Tom_Trades_670
6
Bitcoin is not far from crashing!Bitcoin bulls are under significant pressure today as the price tests the lower boundary of a 50-day range. Since November 21st, Bitcoin has formed a major head-and-shoulders pattern, indicating that a break below 91,281 could result in an 18% decline, bringing the price down to 74.16k. While such a drop would be significant, it seems unlikely given the broader bullish trend and strong fundamentals, though it cannot be ruled out entirely. From a trading perspective, here are a few strategies to consider: 1. Short on a Break: Short Bitcoin if it breaks below 91.28k, targeting levels around 86k or 84k instead of 74k, as buyers may step in at those lower levels. 2. Buy the Dip: Consider buying near 86k, as it serves as a support level, and traders often capitalize on sharp dips of this magnitude. 3. Buy Now with Caution: Enter a long position at the current support level, though caution is warranted as the market may attempt to run stops below 91.28k. Traders should remain vigilant, as the price action around 91.28k will likely dictate the next significant move.
THINKMARKETS:BTCUSDShort
by Aramis111
3
BTCUSD-3 Peaks and a Domed HouseTops are never easy to call. The Bitcoin cycle top won't be the same as the previous one. It appears that the cycle tops so far are: The gods are rotating all the classic patterns - 2017 Cycle Top: Classic Blow Off Top. - 2021 Cycle Top: Double Top. We posit that the current Bitcoin macro cycle will end early and December 17th, 2024 at 108K was Bitcoin's Cycle Top. The topping pattern this cycle will be 3 Peaks and a Domed House Reasons - It's Bitcoin. An 80 vol asset. It can do anything which is actually a feature. - Did you really think Trump cared about Bitcoin? Thanks for your votes, and he gave you 100K. You're welcome. - No Bitcoin Strategic Reserve. Imagine thinking it will be passed by Congress. - MSTR DCA price is a target at 62K is a taret. - Bitcoin ETF buyers think it will be UP ONLY for them? They need to experience a large bear market shakeout and start calling Bitcoin a Ponzi scheme to truely earned their stripes.
COINBASE:BTCUSDShort
by Aramis111
6
Guide to Wealth Building: Understanding Money, Investing WiselyThe Ultimate Guide to Wealth Building: Understanding Money, Investing Wisely, and Securing Your Financial Future 💰📈 Introduction Navigating personal finance, investment strategies, and the nature of money in today's world requires a blend of old wisdom and new insights. Here's how to beat inflation, invest in assets, and understand fiat currency to grow your wealth effectively. We'll also discuss blue chip tickers for crypto, stocks, commodities, and indices for informed investing. 📊💡 The Money We Use: Fiat vs. Hard Assets What is Fiat Money? - Learn about fiat currency, its inherent instability, and how inflation devalues it over time. Discover why many consider it less reliable for long-term wealth preservation. 🏦🔄 The Case for Hard Assets: Explore why hard assets like AMEX:GLD (gold), real estate, or digital currencies are seen as stores of value, offering protection against inflation and currency devaluation. 🏠 Investment Wisdom for the Modern Age Asset Allocation: Understand the importance of diversifying your portfolio across stocks (e.g., NASDAQ:AAPL , NASDAQ:MSFT ), bonds, real estate, and cryptocurrencies (e.g., CRYPTOCAP:BTC , CRYPTOCAP:ETH ). Learn how to pick assets with intrinsic value to safeguard your investments. 🗃️🌐 Value Investing: Dive into the principles of value investing, focusing on buying assets at a discount to their true worth. This strategy provides a margin of safety in volatile markets. 🧐💸 Long-term vs. Short-term Investing: Grasp why patient investing can yield compound growth over speculative trading, making time your ally in building wealth. ⏳📈 Key Concepts for Financial Education Inflation Protection: Strategies to protect against inflation include investing in assets that historically appreciate or at least maintain value, like commodities (e.g., COMEX:GC1! for gold futures). 🛡️🔥 Understanding Market Cycles: Learn to navigate economic cycles, knowing when to buy low and sell high based on market trends and economic indicators. 🌊📉📈 Digital Currencies: An introduction to cryptocurrencies as a new form of hard money, focusing on their scarcity and potential as an investment. Notable blue chip tickers include CRYPTOCAP:BTC (Bitcoin), CRYPTOCAP:ETH (Ethereum), CRYPTOCAP:BNB (Binance Coin), and CRYPTOCAP:SOL (Solana). 💱🔒 Blue Chip Tickers/Assets for Diversified Investment Stocks: Look at well-established companies like NYSE:JNJ (Johnson & Johnson), NYSE:PG (Procter & Gamble), and NYSE:VZ (Verizon) for stability and dividends. 📊🍏 Indices: For broad market exposure, consider AMEX:SPY (S&P 500 ETF), AMEX:DIA (Dow Jones Industrial Average ETF), and NASDAQ:QQQ (Nasdaq-100 ETF). 🌍 Commodities: Besides gold, consider oil (e.g., AMEX:USO for the United States Oil Fund) for energy market investment. 🛢️ Crypto: Beyond CRYPTOCAP:BTC and CRYPTOCAP:ETH , look into CRYPTOCAP:SOL (Solana) and CRYPTOCAP:XRP (Ripple) for diversified crypto exposure. 🔗 Practical Steps to Financial Freedom Educate Yourself: Resources for financial education, from books on economics to online courses on investing, emphasizing the need to understand before you invest. 📚🎓 Diversification: How to diversify your investment portfolio to spread risk and capture growth across different sectors and asset classes, using the tickers mentioned. 🌈 Financial Planning: Tips on creating a financial plan that includes saving, investing, and retirement planning, ensuring you're prepared for future financial stability. 📝🌅 Conclusion This guide is crafted to help you understand money, invest wisely, and secure your financial future. By focusing on assets over cash, long-term growth, and education, you can beat the system designed around fiat currency and inflation. Understanding and investing in blue chip tickers for crypto, stocks, commodities, and indices can provide a solid foundation for lasting wealth. 🚀🏆
BINANCE:BTCUSDEducation
by DCAChampion
2
Be optimistic, the bull market is coming!Bitcoin is neutral on its 1D technical outlook (RSI = 51.151, MACD = -617.400, ADX = 24.376) as it hasn't escaped the right range it's been trading in since late December. The 1W MACD has converged but hasn't made the Cross yet and as long as it doesn't, based on the time cycles, this is most likely a short consolidation that has happened almost exactly during the same time both in January 2024 and 2023. When the 1W MACD made the Bearish Cross, we had the long consolidation phases. By next week we should see this consolidation break to the upside. Our target is the same with the early 2024 breakout, a +195% rise from the bottom (TP = 150,000).
CRYPTO:BTCUSDLong
by Ameer-Trader
1
Bitcoin: Don't be blind to the world (Trump inauguration)Regular readers will know that we avoid fundamental analysis In these reports - we stick to the price. But that doesn’t mean being blind to the world around us. On Monday January 20, Donald Trump will be inaugurated as US President. I’m sure many of you have your political views about Trump - but just keep those away from your trade ideas! The crypto market - and Bitcoin especially - has been on a huge rally since Trump spoke at a Bitcoin conference in favour of cryptocurrencies last year. There’s a chance President Trump could mention Bitcoin in his inaugural speech but even if he doesn’t, the prospect of favourable regulation is broadly positive for Bitcoin - or if we’re more honest - the idea of better regulation could be enough justification to keep the crypto bull run going for now. Bitcoin On the weekly chart, we can see Bitcoin (BTC/USD) has been trading sideways around the $100,000 level - with roughly $90,000 as support. But bigger picture it’s a huge uptrend and we want to trade in line with the trend (as always) Importantly - it just closed the week back over the critical $100K mark - and it did so with a bullish engulfing candlestick that engulfed the previous 3 weeks. As a reminder - where the week closed is more important than the high or low of the week - and a weekly close is more significant than a daily close. You can think of the closing price as the price that everybody agreed was the right price for that period. The final missing piece to the bullish breakout is a weekly close at a new record high. On the daily chart we are watching the broken trendline as well as the $100k level as support that needs to hold if the breakout is going to happen soon. But while the price trendline is not especially reliable with only two ‘touches’ or swing points the broken RSI trendline is much more significant and shows a big pickup in momentum that will be needed if the price is to break out. If the breakout does happen, the first barrier that needs to break is $110,000 but after that $120k then even $130k could come quite quickly given Trump’s inauguration this week. But - as always - that’s just how my team and I are seeing things, what do you think? Share your ideas with us - OR - send us a request! Send us an email or message us on social media. cheers! Jasper
BITFINEX:BTCUSDEducation
by jasperlawler
4
Bitcoin (BTC): Volatility Guaranteed / Expecting Liquidity HuntWell Bitcoin did a really sharp move for the start of the week, but this week is special one! So all the mighty Trump family took some liquidity from markets, which we saw as just the beginning of what is coming. So we are expecting to see a quick liquidity grab to upper zones upon the inauguration after what a real FOMO will kick in and bigger players might take advantage of this!! Overall, we are going to look for a point of weakness, which then should move the price closed to 200EMA or 100EMA. A quick wick move here but if we see some proper movement to upper zones, then we might as well just keep on growing and growing until one day this bubble will explode!! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
1
Bitcoin- Genuine up break?Since reaching its recent all-time high in mid-December, BITSTAMP:BTCUSD has been trading within a 20% range, with strong support established around the 90K zone. In mid-January, the price briefly dipped below this critical support level, but the move was quickly reversed, and BTC/USD stabilized around the 100K mark. The "Trump coin mania," which began two days ago, has had little to no impact on Bitcoin traders. Despite the hype, there were no sell-offs here, and the market remained steady. Even though there was a minor dip to 100K yesterday, it was promptly reversed, allowing Bitcoin to reach a new, albeit marginal, all-time high. From a technical perspective, Bitcoin remains range-bound and is currently trading near the upper boundary of this range. If a genuine breakout occurs, the measured target for the next move could be in the 128-130K region. For the bulls, there’s little reason to worry as long as Bitcoin stays above the crucial 90K support level.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
1
Mastering the Bullish Engulfing PatternHello, Traders! 👋 Finding powerful reversal signals in a downtrend can be challenging, but what if a pattern was so visually striking that it's almost impossible to miss? Enter the bullish engulfing pattern – one of technical analysis's most reliable reversal signals. Today, we'll explore everything you need to know about the bullish, engulfing candlestick pattern and how to trade it effectively. What Is a Bullish Engulfing Candle? 🔍 The bullish, engulfing candlestick tells a compelling story of market psychology. After a downtrend, a small bearish candle appears, suggesting continued selling pressure. But then something dramatic happens—a powerful bullish candle completely “engulfs” the previous day's trading range, signaling a dramatic shift in market control. When asking, “what is a bullish engulfing candle?” think of it as a visual representation of bulls overwhelming bears in a single, decisive battle. The engulfing bullish pattern is particularly powerful because it shows not just buyer interest but complete buyer dominance. Identifying the Perfect Bullish Engulfing Pattern 🎯 On the left side of the chart, we can see the formation of the Bullish Engulfing pattern. This consists of a smaller red candle completely engulfed by a larger green candle that follows it. To spot a valid bullish engulfing candle pattern, look for these essential elements: A Clear Downtrend: Like any great comeback story, the engulfing bullish formation needs context. First Candle Characteristics: A relatively small bearish candle, showing the last gasp of selling pressure. The Engulfing Candle: The second day's bullish candle must completely engulf the previous day's real body, which puts the “engulfing” in bullish engulfing. Opening and Closing Prices: The engulfing bullish pattern requires the second candle to open below the previous close and close above the last open. On the right side of the chart, we can observe the Bearish Engulfing pattern. This formation shows the opposite scenario, where a larger red candle completely engulfs the body of the previous green candle. This pattern forms after several bullish candles, suggesting a potential reversal of the upward movement. Why Does the Bullish Engulfing Pattern Work? 📊 The power of the bullish, engulfing candlestick pattern lies in its psychology. When a downtrend is in place, sellers feel confident, but the appearance of an engulfing bullish candle represents a dramatic shift in market sentiment. This sudden change often triggers a chain reaction: Stop Losses Trigger (short sellers rush to cover their positions) New Buyers Enter (fresh capital flows in as traders recognize the reversal signal) Momentum Builds (the combination creates a self-reinforcing upward cycle) Trading the Bullish Engulfing Pattern: A Strategic Approach 💡 Successfully trading the bullish engulfing pattern requires more than just pattern recognition. Volume Confirmation: Look for higher-than-average volume on the engulfing day, confirming strong buyer participation. Support Levels: The pattern becomes more powerful when it forms near key support areas. Size Matters: The larger the engulfing bullish candle, the more significant the potential reversal signal. Overall Market Trend: The pattern carries more weight in line with larger timeframe trends. Market Conditions: Consider volatility and trading volume when assessing pattern strength. Bringing It All Together 🎓 The bullish engulfing pattern is one of technical analysis's most powerful reversal signals. By understanding its formation, psychology, and proper trading approach, you can add a valuable tool to your trading arsenal. Remember: successful trading isn't about finding a perfect pattern—it's about finding and managing high-probability setups. When adequately identified and traded, the bullish, engulfing candlestick pattern offers precisely that kind of opportunity.
WHITEBIT:BTCUSD
by WhiteBIT
1
Example of how to use the Trend-Based Fib Extension tool Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- There was a question about how to select the selection point when using the Trend-Based Fib Extension tool, so I will take the time to explain the method I use. Since it is my method, it may be different from your method. - Before that, I will explain the difference from the general Fibonacci retracement tool. The Fibonacci retracement tool uses the Fibonacci ratio as the ratio to be retracement within the selected range. Therefore, the low and high points are likely to be the selection points. The reason I say it is likely is because the lowest and highest points are different depending on which time frame chart it was drawn on. Therefore, in order to use a chart tool that specifies a selection point like this, you must basically understand the arrangement of candles. If you understand the arrangement of candles, you can draw the support and resistance points that make up it and determine the importance of those support and resistance points. The HA-MS indicator that I am using is a more objective version of this. Unlike the published HA-MS indicator, several have been added. I do not plan to disclose the formulas of these added indicators yet. However, if you share my ideas, you can use them normally at any time. The selection point for using the current Fibonacci retracement tool is the point that the fingers are pointing to. In other words, the 1st finger is the low point, and the 2nd finger is the high point. One question may arise here. Why is it the position of the 1st finger? The reason is that it is the starting point of the current wave. Therefore, you can find out the retracement ratio in the current rising wave. In fact, it is not recommended to use the Fibonacci ratio as support and resistance. This is because it is better to use the Fibonacci ratio to check how much wave is being reached and how much movement is being shown in chart analysis. However, the Fibonacci ratio can be usefully used when the ATH or ATL is updated. - If the Fibonacci Retracement tool was a chart tool that found out the retracement ratio in the current wave, the Trend-Based Fib Extension tool can be said to be a chart tool that found out the extension ratio of the wave. Therefore, while the Fibonacci Retracement tool requires you to specify two selection points, the Trend-Based Fib Extension tool requires you to specify three selection points. That's how important it is to understand the arrangement of the candles. The chart above is an example of drawing to find out the extension ratio of an uptrend The chart above is an example of drawing to find out the extension ratio of a downtrend Do you understand how the selection points are specified by looking at the example chart? - The chart above is the chart when the 1st finger point is selected. The chart above is the chart when the 1-1 hand point is selected. When drawing on a lower time frame chart, you should be careful about which point to select when the arrangement of the candles is ambiguous. Examples include the 1st finger and the 1-1 finger. It may be difficult to select 1-1 and 1 depending on whether they are interpreted as small waves or not. The lower the time frame chart, the more difficult this selection becomes. Therefore, it is recommended to draw on a higher time frame chart if possible. The reason is that the Fibonacci ratio is a chart tool used to analyze charts. In other words, it is not drawn for trading. In order to trade, you trade based on whether there is support or resistance at the support and resistance points drawn on the 1M, 1W, and 1D charts. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
BITSTAMP:BTCUSDEducation
by readCrypto
3
Back to 108K ?Welcome back folks, Only on Thu we talked about bearish scenario and 85K target and now we have to turn everything from top to bottom. Not occasionally on Thu we warned about weekly bullish grabber pattern and called to not take any fresh shorts, but keep existed ones. What's now? Now our H&S stands in a process of failure, which means price has good chances to go back to 108K top, is failure will be confirmed. Besides, on weekly chart we could get 2nd grabber in a row if BTC will close slightly higher. Price was not able to break the neck line, and just got the stops there. It means that currently we do not consider any shorts. For long entry we could use intraday Fib levels. First one is 96.35K And see what will happen next.
COINBASE:BTCUSDLong
by Sive-Morten
1
BTCUSD: This is a consolidation and we've seen it before.Bitcoin is neutral on its 1D technical outlook (RSI = 51.151, MACD = -617.400, ADX = 24.376) as it hasn't escaped the right range it's been trading in since late December. The 1W MACD has converged but hasn't made the Cross yet and as long as it doesn't, based on the time cycles, this is most likely a short consolidation that has happened almost exactly during the same time both in January 2024 and 2023. When the 1W MACD made the Bearish Cross, we had the long consolidation phases. By next week we should see this consolidation break to the upside. Our target is the same with the early 2024 breakout, a +195% rise from the bottom (TP = 150,000). ## 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