Get started
BitcoinBitcoinBitcoin

Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Markets

BITCOIN trade ideas

wave 1 of push almost overRSI matched to momentum of previous bullish waves is showing overbought rating, and we can see three distinct pushes (0-1,2-3,4-5) on lower timeframes that match the criteria of an elliott wave pattern. should see a drop to support soon, possible complete retrace to 70k but i don't see BTC dropping below 70k now. It was like silver's controlled value - now it's broken through, the market is unlikely to drop back. That said, higher timeframes are showing a potential cap on BTC value which is definitely worth considering in the long term
KRAKEN:BTCUSD
by eesachariwala
BTC HTF View14-11-2024 Now that we have the HTF breakout, we can note the new HL. Two HL's to be exact... I don't know how this works with market cap and all, but pure from a structural perspective I think this breakout looks to be the best one yet: - March 2020 low led to a stronger structure being formed, more zig zag instead of the usual straight up (I view structure like a rectangle from highest high to lowest low); - Price retested this 2017-2020 structure which I think is already better than not doing so, and the structure it retested was also a stronger one; - This 2024 consolidation structure could be seen as another HTF structure, which is weird because it's so thin. Apparently there was more resistance here, and I don't know why: it didn't make sense as the November 2021 ATH was an SFP, which shouldn't provide any resistance at all. Basically, you get two breakouts in one, and one of those is already stronger than usual because it retested a previous structure which was a stronger structure than usual. Price breaking through resistance will lead to bigger expansions than when there isn't resistance at all. Now there was resistance, previous times there was hardly any. ------------------------------------------------------------------------------------------- The higher the TF the more speculative it gets, and I feel a bit of a fool writing this because it fits perfectly with the usual crypto X-community sucker bullishness, though it does now really look this good. This 2024 structure right at the previous ATH is a bit funny though, it definitely stands out. One scenario I keep in mind is that this structure could lead to a future HTF MSB setup, meaning that we get this strong short expansion which will top out fast with an SFP, whereafter price breaks through the whole structure (so below the 49k low). Luckily I know my LTF setups...
BITSTAMP:BTCUSD
by EyyJasper
Bitcoin’s still on track to reach $100,000Rather than retracing after the clear result of the American presidential election or after 11 November’s strong gain, bitcoin has continued upward amid high volume. The next obvious target is $100,000, which is likely to be a key resistance. Here the Fibonacci extensions are vaguer areas than usual due to the large movements they’re based on. The first weekly extension, 61.8%, appears slightly below $87,000, but this is drawn based on weekly opening and closing; basing it on intraday or closing lows from January 2023 and equivalent highs from March 2024 could yield different placements between $85,000 and about $92,000. That makes the task of finding an appropriate stop as a new buyer here much more difficult. The price is extremely strongly overbought based on the slow stochastic and Bollinger Bands, but this is a pretty normal situation for a cryptocurrency in a clear bull run. This phase of the uptrend isn’t very mature yet, so the 100 SMA is still in the process of golden crossing the 200. $72,000 is the only clear potential support at the moment, but it’s quite a long way down to reach there especially with such feverish enthusiasm among many buyers. Equally, that area offered minimal resistance in the aftermath of the elections. Overall, the utility of the chart and indicators in the situation is questionable when sentiment is so strong. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
COINBASE:BTCUSD
by Michael_Stark_Exness
Weekly performance of Bitcoin (BTC/USD)This chart shows the weekly performance of Bitcoin (BTC/USD) on Bitstamp. Based on the Fibonacci extension and retracement levels marked on the chart, here’s an analysis: 1. Current Price Action: Bitcoin is trading around $91,199, close to the 1.618 Fibonacci extension level ($99,940), which may act as a resistance zone. If the price approaches this level, it could face some selling pressure as traders take profits. 2. Potential Resistance Levels: 1.618 (99,940): This is the next significant Fibonacci extension level. A strong breakout above this level might open up a path to even higher targets. 2.618 (117,234) and 3.618 (134,528): These are the following Fibonacci levels that could act as future resistance points if Bitcoin continues its upward trajectory. 4.236 (145,215): This level might represent a peak target if bullish momentum remains strong. 3. Support Levels: 0.786 (63,335) and 0.618 (55,124): These retracement levels could act as support if there’s a pullback. Buyers may look to enter positions if the price dips to these areas. 4. Overall Trend: The chart suggests that Bitcoin is in a strong uptrend, especially if it breaks above the critical Fibonacci levels. The support levels below provide a base, while the higher extensions give insight into possible upside targets. This analysis implies that Bitcoin could continue its bullish move, but it might face resistance around each key Fibonacci level. Traders might look to these levels for potential entry or exit points based on price action around them.
BITSTAMP:BTCUSDLong
by Takumi_can
Tracing Bullish Phase After Trump TradeIf Donald Trump's victory is seen by many experts as confirmation of Bitcoin's ATH breakout which has been going on for 237 days since March 14 2024 because after November 6 2024 or coinciding with Donald Trump's acclamation as elected President of the United States, the pinbar was marked by a significant increase in price. The streak up to the time this record was made has reached ATH at 93,547.6. So for the next price movement, it is important for us as investors to look for the lowest point that will not be touched again by the Bitcoin bullish phase which has just begun, as in the previous bullish phase which started on November 16 2020 and ended on November 14 2022 ( 722d) which has its lowest point at 16,165.1 and its highest peak at 68,999.7 By looking at the beginning of the previous bullish phase (figure A) we clearly see that there is an area that we can mark and it is similar to the current consolidation phase, namely the one that was formed from the ATH 14 March 2024 until the break out on Trump Trade day (06 November 2024). In this area, if we enlarge the scale to the 3hr timeframe (TradingView with a Plus register like mine cannot display below tf.3hr) then we will find signs similar to the consolidation phase before the bullish phase which is currently just starting, for example a spike with a pattern the same, or the Trump Trade breakout which I consider to be a trace of the past. Apart from that, we can also see and project how high Bitcoin will rise, which could exceed all observers' expectations, the highest being $1.000.000 per 1BTC. (figure B) I estimate that the lowest price that will not be touched again by the current bullish phase will be at the lowest trading price on November 7 2024, namely at 85157.20 and the current bullish phase will return to this number once we can see the phase bearish later. I also see the highest price on November 7, 2024 as strong support for bitcoin at this time after 93,408.93 marking. charts.mql5.com
OANDA:BTCUSD
by tandrylaksana
trend upI see double top On daily charts, MACD is overbought and has made a double peak. We are a long way from the 200-day averages. Indicators constantly give signals for correction. BUT, if we follow the past years, it would not be wise to expect a drop such situations. Again, when we examine the old movements, the most effective signal is the daily RSI. Whenever we see a lower top, we have to be careful. Until then, drops are buying opportunities. Our short term regression channel can be used to swing trade. It is not investment advice.
BINANCE:BTCUSDLong
by ardatufekci33917
SCENARIO 2- BITCOIN WEEKLY CHART (STRONG MOMENTUM to the upside)In this analysis I see a Cup and Handle formation likewise a Bull Flag formation ((reason why i foresee next (highs) target for Bitcoin to be within the 100k-104k range)). As for Cup & handle price objective sits at 125k. We see how PA unfolds in the coming weeks and months. Bitcoin has gathered strong momentum to the upside. No doubt there will be retracements on its journey but caution is required when SHORTING Bitcoin at this time.
BITSTAMP:BTCUSDLong
by GhosTrader_GT
Bitcoin diminishing return?Bitcoin is famous with its cycles, halving and huge returns. Since 2012 price has gone up from 2$ to 90,000$. Each cycle starts with halving and then price goes up by hundreds or thousands percent and then come back down. Since 2012, we have completed three cycles and we are in the fourth one. In the first cycle, the lowest price was 2$ and then jumped to 1160$, this was a 52,287% increase! The next cycle from bottom to top we had 12,511% increase. The third cycle had 1,921% increase. The pattern seems clear. Each time the return is diminishing by 4 to 6 times: 52287 divided by 12511 = 4.17 12511 divided by 1921 = 6.5 That means in this cycle the increase from the cycle bottom at 15,500$ should have been between 320% to 480% (this number comes from 1921% divided by 4 and 6). A 320% to 480% increase from 15,500$ is 70,000$ and 95,000$ respectively. Bitcoin is well beyond the first target at 70,000$ and at the moment of writing this, is only 5,000$ short of 95,000$. However, there is a problem with diminishing return theory. To make it more clear let's look at this theory from market top perspective. In the last two cycles, market top to market top, have had 1,900% and 356% return. That means the return diminished by 5.5 times. If the same thing were to happen again it means the current market top should have only been 65% (356 divided by 5.5) of the previous market top. That means the current market top should be 45,000$. Now the same thing will happen to market bottom to top if you believe that market has diminishing return. Based on this theory in the next cycle from market bottom to top there only will be around 80% to 120% increase and the cycle after only 25% to 75% increase from bottom and so on. That means at some point the price will never reaches even back to the previous cycle top. This is very unlikely given that bitcoin will only be more scarce and the global money supply will only increase.
BITSTAMP:BTCUSDLong
by Mo_reza_kaz
The Halving's Effect On Bitcoin's PriceThis chart highlights Bitcoin's trend related to the halving, with dates of the three happenings represented by vertical black lines. The trend is based on the 2016 - 2020 cycle. From the date of the halving, I mapped how many days it took for certain events to occur. Green: Halving to Next All-Time High (518 days) Orange: Halving to Bear Market Breakout (994 days) Red: Halving to Cycle Low (882 days) Purple: Lowest Time During Cycle (112 days) Blue Arrow: Cycle High to Next All-Time High (1,085) Teal: Cycle Low To Next Cycle High (1,064 days) I then copied and pasted these timelines onto the rest of the halving cycles & noticed that each of them have been correct +/- 30 days. There are purposely no price targets in this chart, only date targets. Keep it simple. It's all just supply and demand. Here’s a breakdown of the human psychology that drives this price action cycle after cycle. Year 1 after halving: The halving happens and let’s assume demand for Bitcoin stays consistent with the previous year. The supply is growing at only 50% the rate it used to. The laws of supply and demand say that price goes up. That’s historically been the case the year after the halving. Year 2: With the price having gone up over the past year, word of mouth begins. Whispers of an investment going up ~3x in a year spreads through group chats and conversations with friends. New folks want to make money too, so they buy, driving demand up. Year 1 & 2 are where most of the price increase happens. Year 3: What goes up, must come down. Folks who bought two years ago could be up 5,10x, 20x on their initial investment. They begin cashing in, and demand starts to slow down. People begin to lose money and decide to sell, causing many others to do the same. Demand is way down, and so is price. Year 4: With price having gone down 50-70% the year before, long-term investors are scooping up crypto at a great price if they plan to hold until the next cycle. With those investors bringing demand back to life, price begins to go up. WIth the halving coming soon, the cycle starts over again.
BITSTAMP:BTCUSDLong
by ezrafuller
The number 1400 in the Bitcoin chartThe pattern where there is a roughly 1,400-day interval between two peaks or two bottoms in Bitcoin cycles aligns with Bitcoin’s four-year cycles. These cycles are usually associated with the Bitcoin halving event, which occurs approximately every four years and reduces the rate at which new Bitcoin is created. Historically, this event has been followed by new bullish trends in the Bitcoin market. In Bitcoin's four-year cycles, the general trend is as follows: Halving: A reduction in supply due to the halving of mining rewards increases demand and initiates an upward trend. Bull Run: Bitcoin’s price rises rapidly and reaches new highs. Correction and Decline: After reaching a peak, the market usually enters a corrective phase, and prices decrease. Bottom Phase: Prices gradually reach a bottom and stabilize for a while until a new cycle begins. These cycles, with approximately 1,400 days between two peaks or two bottoms, are consistent with Bitcoin’s historical patterns. However, as the market matures and more institutional players enter, these cycles may evolve, but so far, the pattern has remained.
BITSTAMP:BTCUSDLong
by TradeEngineering
My old forecasts on BItcoin price#BTC #USDT In the longer term (5+ years), Bitcoin has the potential to become a global reserve asset, competing with traditional financial systems. If it continues to gain mainstream acceptance and its limited supply becomes more recognized as a hedge against inflation, Bitcoin could reach unprecedented highs. Price projections could see Bitcoin's value surpassing $200,000 or even approaching $500,000, depending on global economic shifts, the evolution of blockchain technology, and the overall state of the financial markets.
BITSTAMP:BTCUSDLong
by Volkonskiy_
My old forecasts on BItcoin price#BTC #USDT In the longer term (5+ years), Bitcoin has the potential to become a global reserve asset, competing with traditional financial systems. If it continues to gain mainstream acceptance and its limited supply becomes more recognized as a hedge against inflation, Bitcoin could reach unprecedented highs. Price projections could see Bitcoin's value surpassing $200,000 or even approaching $500,000, depending on global economic shifts, the evolution of blockchain technology, and the overall state of the financial markets.
BITSTAMP:BTCUSDLong
by Volkonskiy_
1
BTC triangle theory - the big pictureBitcoin seems to be regressing to the mean with the latest bull run. On a logarithmic view, a linear or even exponential upward trend can appear as a gradually flattening or asymptotic curve (the white line that bisects the highs and lows). This trend is identified by smoothing out the price history with a geometric "best fit" and with trend lines (in dark green) that can be drawn retrospectively extending from prior lows to subsequent highs. Extrapolating this pattern onto the recent BTCUSD chart, and with weekly closing prices as a guide, we see that bitcoin is now once again approaching (at around $90K USD) the mid-region of its potential for historic gains. The top half of these gains have been highlighted with a triangle, which in each cycle features a base along the smoothed mean. The final triangle, yet to be filled, is an extrapolation of the past pattern of cycles.
BITSTAMP:BTCUSDLong
by wisechoice