BITCOIN trade ideas
BTC short term expected movingAccording to the current bitcoin waves, historical actions, and fib retracement; the expected behavior in the next few days will be as stated in the chart
Possible short Nice double top on 1H chart, seems to be going down.
Macd on 4H chart speaking for itself.
TP on 65,555.
ST on 67,250.
BTC/USD on the daily timeframe - Potential Golden CrossPotential Scenarios:
Bullish Continuation: If the price successfully retests the $64,000-$65,000 level and holds, there could be a strong continuation to the upside. In this case, the price could target $69,000-$70,000 initially, with a longer-term target of $75,000.
False Breakout and Consolidation : If the price fails to hold the $64,000-$65,000 level, we might see a false breakout scenario, leading to a consolidation back within the old descending channel. This could open the door for a retest of lower supports around $58,000 or even lower.
Bearish Reversal: The newly established rising channel could also act as a bear trap if Bitcoin fails to break the $69,000 resistance. In this case, a break below the rising channel support would indicate a potential reversal back into the descending trend.
Final Summary:
Overall this leans towards a bullish breakout, but it’s essential to keep an eye on the potential retest at $64,000-$65,000. A solid bounce off this support would reinforce the bullish trend, while a break below could suggest caution.
Watch the RSI and MACD for any emerging divergences or momentum shifts that might indicate a change in trend.
Stay aware of the market’s behavior as we approach Election Day, as geopolitical or macroeconomic events could significantly impact market sentiment.
BTCUSD SELL ANALYSIS RISING WEDGE PATTERNHello Trader , What do you think about BTCUSD? Here on btcusd price for a rising wedge pattern and now try to move down so if line 61337 then trader should go for SHORT with expected profit target of 56955 and 52602 . Use money management
Weekly cup and handle showing its true face1. Cup and Handle Pattern
The large white arc indicates a potential Cup and Handle formation, a bullish continuation pattern. This pattern usually suggests a potential breakout if confirmed. The cup forms after a rounded bottom, while the handle forms as a consolidation after the initial rise, often before a breakout.
The price action to the right, after the cup, suggests the handle formation with consolidation occurring between $60,000 - $70,000.
2. Support and Resistance Levels
Multiple horizontal lines of different colors (green, yellow, red) highlight key support and resistance levels:
Support levels seem to be around $59,000, $60,000, $61,000, and $62,000.
Resistance levels around $66,000, $67,000, and higher, with the current price at $66,770.
The chart shows a clustering of price activity around these levels, indicating significant market reactions (buying and selling) at these points.
3. Trendlines
The blue descending lines indicate a downtrend or correction after the local high above $66,000. However, the price has broken above this trendline, which might suggest a potential reversal or continuation of the bullish trend.
This breakout from the downward trendline supports the bullish case for a further price rise.
4. Indicators
Moving Averages (MAs): The chart includes what looks like a moving average (green line), which seems to be supporting price action. The moving average is following the general uptrend, which could indicate a bullish momentum.
There are blue dots placed on key points along the price chart, possibly indicating buy signals or moments when the price crossed significant thresholds, such as moving averages or support/resistance levels.
5. Volume and Momentum
Although the volume is not directly visible in this screenshot, the pattern’s significance, combined with breaking key resistance levels, suggests increasing buying momentum.
6. Price Targets
If the Cup and Handle pattern plays out, the price target could be significantly higher than the resistance at $67,000. Typical cup and handle breakouts measure the height of the cup and project that upwards, which could push BTCUSD toward new all-time highs.
7. General Sentiment
The overall sentiment appears bullish, as indicated by the potential Cup and Handle formation, breakout of the downtrend, and the strong support levels holding up the price.
In summary, this analysis suggests that BTCUSD is testing significant resistance at $66,770. If the Cup and Handle pattern is confirmed and the price breaks above $67,000 with strong volume, it could signal a continuation of the bullish trend toward higher price targets. However, if the price is rejected at these resistance levels, a retest of support around $61,000–$62,000 is possible.
Will btc crash below 65k ?Hello Ligand Traders ! I hope that you are doing great . Today i will explain possible sell trade on btcusd . As you can see , here BOS and POI are marked here .As there is election in USA nearby , I think bitcoin will crash below 65k. So we can sell from here and our tp target can be set at below 65k. Stay with ligand and Join the Ligand !
Is this whats playing out here....It will be interesting to see what plays out over the coming weeks...
Bitcoin (BTC/USD) on a 4-hour timeframeBearish Scenario :
If the price fails to break the upper boundary of the descending channel and the small triangle pattern breaks to the downside, we could see a retracement toward the mid-channel area of $64,000, with further downside potentially extending toward the lower channel boundary around $53,000. This move would align with the weakening indicators, such as the RSI and MACD, which are showing signs of bearish momentum.
Bullish Scenario:
On the other hand, if the triangle pattern breaks to the upside, Bitcoin could retest the upper boundary of the channel around $68,500 - $69,000. A decisive breakout above this channel would invalidate the bearish channel pattern and could set up a potential move toward the $70,000 - $73,000 levels, provided that buying volume supports the move.
Bitcoin: Next Try? Bitcoin continued to gain yesterday. In our alternative scenario, we expect a direct break above the resistance at $73,808. However, in our primary outlook, we anticipate a further downward move. Ideally, the orange wave iv should reach its low near the 50% retracement level, around $47,000.
Bullrun is coming At the beginning of the break of the resistance line, Bitcoin Dominance will continue to rise, and after investors are sure of the start of bullrun, money will go to altcoins.
Bullrun is coming... At the beginning of the break of the resistance line, Bitcoin Dominance will continue to rise, and after investors are sure of the start of bullrun, money will go to altcoins.
BITCOINSorry. my dear friends i left one more support to mention in my last post,but you should wait to hold above ressistance level.
Bitcoin Is Breaking Out!BTCUSD ratio with CRB Commodity Index shows failed retest of long term macro resistance. Sorry, folks, no breakout here.
BTCÐ Oct. 25 Options Data63,000 BTC options expired with a Put Call Ratio of 0.66, a Maxpain point of $64,000 and a notional value of $4.26 billion.
403,000 ETH options expired with a Put Call Ratio of 0.97, a Maxpain point of $2,600 and a notional value of $1.02 billion.
Today is the monthly cryptocurrency delivery, with Bitcoin oscillating high and one step away from new highs, while Ether is instead struggling near new lows for the year, with the rate already at a new low since 2021.
This year's October market is less than expected, the next main line of the market is the U.S. election, and now the BTC flat IV on November 8 is stabilized at 55%, which is perfect for building a position against the U.S. election.
BITCOINFirst of all i would like to say you all that don't go on cross point shown support an resistances are also cross points of gann fan that is analysed by different way so,should not be avoided.its my view not suggesion.
Elliott Wave View: 5 Swing Sequence in Bitcoin (BTCUSD) Favors HShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests that rally from 8.5.2024 low is in 5 swing. As 5 swing is a motive sequence, this favors further upside in Bitcoin. 1 hour chart below shows the decline to 58,867 ended wave 2. The crypto-currency has extended higher in wave 3 with internal subdivision as a 5 waves impulse Elliott Wave. Up from wave 2, wave (i) ended at 63,455 and pullback in wave (ii) ended at 62,039. The crypto-currency extended higher in wave (iii) towards 67,922 and pullback in wave (iv) ended at 64,802. Final leg wave (v) ended at 69,487 which completed wave ((i)) in higher degree.
Pullback in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 66,559 and wave (b) rally ended at 67,784. Bitcoin then extended lower in wave (c) towards 65,000 which completed wave ((ii)) in higher degree. The crypto-currency has extended higher in wave ((iii)), but it still needs to break above wave ((i)) at 69,487 to rule out a double correction. Near term, as far as pivot at 58,867 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
BTC Bearish TrendAfter a clear CHOCH in the 4hr time frame, the bears have taken over the market. Taking sells to former lows
BTC may be forming a Cup & Handle? Cup and handle forming on the Daily? Possibly on RSI also. 69K is a spicy zone, Look for a quick bust!
BTC's Downturn Started XAUUSD Technical Insight (H4)
Market Analysis:
A pivotal Bearish Order Block (CHOCH) has formed after several BOSES, decisively reversing the trend's trajectory. The Point of Interest (POI) serves as a robust resistance level, sparking instant reversals confirmed by Morning Star candle patterns. A substantial Fair Value Gap has also been identified at the CHOCH.
Trade Setup:
Set Stop Loss (SL) above the Order Block
Take Profit (TP) positioned upto the previous Lower Low
Sell Entry Zone: 68200_68250
Take Profit1: 67000
Take Profit2: 66000
Take Profit3: 65000
Stop Loss: 69200
LOOKS LIKE AN ATTACK ON ATHThis is a clean break and support on a bullish order flow...btc is looking prepared to attack ATH...God's speed traders
