I'm bearish as can be, but this is a descending wedgeNo doubt about it, the chart here favors a small pump on the 1h chart. Could even take one more leg down to around 80 and still rise up out of this bullish pattern.
Thoughts?
BTCUSD.P trade ideas
BTCUSD 9/6/2024BTCUSD is now still in the premium area where after the sweep price external daily low.
I expect there will be a fall towards the discount in the near future. But I will wait for the price to enter the area that has been broken.
BTCUSD FEBRUARY 25
December high and low price swiped
January failed to close above high or low December which indicate no bias decision for monthly.
To do : January (OLHC) but failed to close above December price. Normally price will return back to its Open price. Monitor bias from weekly behaviour
BTC STILL CONSOLIDATINGBitcoin continues to coil within the symmetrical triangle on the daily chart, now approaching the apex with growing tension. Price was sharply rejected from both the 50-day and 200-day moving averages, but critically – it held diagonal support. That alone keeps the structure intact and the potential for a breakout alive.
Volume ticked up slightly, showing there’s still life in this move. Until the lower trendline gives way, this remains a neutral-to-bullish consolidation pattern. A clean break above the descending resistance would likely ignite a new leg up, especially if confirmed with volume. Conversely, a break below support would invalidate the higher lows and flip the bias bearish.
With both moving averages pressing down and support refusing to break, Bitcoin is playing a game of tug-of-war – and the winner could set the tone for weeks to come.
BTC - Waiting scenarioA historical pattern from 2019/ 2020 might be repeating in real time.
Next update in 1 month.
Bitcoin's short-term behaviorThis scenario seems very close to reality and Bitcoin will move in this way in the next few weeks.
CHECK BTCUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
(BTCUSD) trading signals technical analysis satup👇🏼
I think now (BTCUSD) ready for(BUY)trade ( BTCUSD) BUY zone
( TRADE SATUP) 👇🏼
ENTRY POINT (83100) to (82900) 📊
FIRST TP (83800)📊
2ND TARGET (84800)📊
LAST TARGET (85700) 📊
STOP LOOS (81800)❌
Tachincal analysis satup
Fallow risk management
Trust, faith and self-discipline: the real challenge to tradingTrust, faith and self-discipline is the real challenge to trading, it's not the forecasting that's hard
Bitcoin will drop below $70,000 in the channel!Bitcoin remains within a descending triangle, printing consecutive lower lows and lower highs. The latest move saw an impulse pump into the 0.618 Fibonacci level, aligning perfectly with the descending channel range high. This resulted in a rejection, reinforcing the probability of a move lower.
Key Points:
• BTC is trading within a descending triangle with a clear lower high and lower low structure.
• The recent rejection occurred at the 0.618 Fibonacci level, aligning with the channel range high.
• The next key support is at the lower channel boundary around $65,500.
Bitcoin’s price action has solidified this descending trading channel, and until a breakout occurs, the market will likely continue to respect this structure. If sellers maintain control, a move toward the channel low remains the most probable scenario.
However, BTC can still range within this formation until a decisive break occurs. Traders should keep an eye on key support and resistance levels, as any strong reaction at these areas could indicate the next major move
BTCUSD: Ready to Soar or Collapse?Hi Traders ! Possible Entries in BTCUSD (1H):
✅ Buy: If the price bounces off the lower line of the smaller ascending channel and breaks above 85,000 with volume. Additional confirmation if the RSI recovers above 60.
❌ Sell: If the price breaks down the smaller ascending channel, especially if it falls below 84,800. Extra confirmation if the RSI crosses below 50.
📢 Disclaimer: Not financial advice. Manage your risk properly.
Bitcoin & Tariffs 📉 In the short term, Trump's proposed tariffs add to the current risk-off sentiment—ETF flows, correlations with stocks, and macro uncertainty are already weighing on Bitcoin.
🗣 While debates rage on about whether tariffs will hurt importers or exporters or whether Trump will roll back some after negotiations, one thing is certain: inflation. And inflation is historically a positive for $BTC.
🌊Liquidity injections, growth of money supply (M2) and potential QE will follow as a weak economy struggles with disrupted supply chains—another long-term positive for Bitcoin
⚖️ During trade wars and geopolitical uncertainty, investors run to gold. With Bitcoin’s correlation to gold, this could be another tailwind
💡 So while tariffs may be a short-term drag, structurally, they are bullish for Bitcoin in the long run. You also need to remember that quite a lot of negativity is already built into the price, and if there is no new round of counter-tariffs, positive sentiment may appear sooner.
Can it hit 89,000 again?The price trend of BTC has once again become the focus of global investors' attention.
Previously, BTC experienced a period of consolidation, during which the bulls and bears engaged in repeated games. Now, the bulls of BTC have risen strongly, unleashing powerful upward momentum.
With a swift and fierce move, it has broken through the key resistance level of 85,000 at one stroke. This breakthrough is like a fuse igniting the market, and the upward trend has spread rapidly. It is expected that it will further challenge the range of 87,000-89,000 in the future.
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
short term long oppertunityit looks like we have settled for a bit and ready to start moving towards TP 1 in the new cycle I just opened a long position that ,i will be looking to sell between may 7th and may 18th
Would ya look at that, I was right. Successful trade :)It's not by chance that I am able to forecast the future of price action before it happens.
This level of accuracy should not be possible, but it is with thanks to my MTOPS
Pretty straightforward, today will determine a lotIf we can break AND CLOSE above resistance here we can move even further up, barring any cruel fakeouts. Firm rejection here and continuation down tomorrow will be very bearish and support short scenarios.
Anyone have any thoughts on this idea?
BTC Major Breakout - Symmetrical TriangleBTC is currently trading in a symmetrical triangle. This pattern is indecisive and has a 50/50 chance of breaking to the upside or downside. Meaning in the coming days or weeks, BTC will have a major breakout.
My guess would be to the downside but honestly, the direction wont be clear until it actually breaks out.
btc sellGiven the resistance levels and the hidden divergence, it returned to the previous support level.
BTC/USD Expected to Rise: A Swing Trading Strategy AnalysisIntroduction
Swing trading is a popular trading approach that aims to capture short- to medium-term price movements in financial markets. For Bitcoin (BTC/USD), traders often rely on key technical indicators such as moving averages, the Relative Strength Index (RSI), Fibonacci retracements, and candlestick patterns to predict price swings. Based on a combination of these indicators, BTC/USD is showing strong signs of an upward move, making it an attractive opportunity for swing traders.
Technical Analysis Supporting BTC/USD’s Upward Move BITSTAMP:BTCUSD
1. Moving Averages Crossovers
One of the fundamental indicators used in swing trading is the moving average crossover strategy. If the short-term moving average (e.g., the 20-day EMA) crosses above a long-term moving average (e.g., the 50-day EMA), it signals bullish momentum.
Recent BTC/USD charts indicate a bullish crossover, suggesting an uptrend is likely to continue.
2. Relative Strength Index (RSI) Confirmation
The RSI measures momentum and identifies overbought or oversold conditions.
If RSI is above 50 and rising, it confirms strength in buying pressure.
If RSI was oversold (below 30) and starts moving upward, it signals a potential reversal.
BTC/USD recently bounced from an oversold region, indicating growing buying interest.
3. Fibonacci Retracement Levels Acting as Support
Swing traders use Fibonacci retracement levels to identify potential support and resistance zones.
BTC/USD recently retraced to the 0.618 Fibonacci level, which often acts as a strong support zone before an upward continuation.
4. Bullish Candlestick Formations
Candlestick patterns help traders predict price direction.
A bullish engulfing candle or hammer near key support levels reinforces an uptrend.
BTC/USD recently printed a bullish engulfing candle, a strong indication that buyers are in control.
5. Increasing Volume and Market Sentiment
Volume analysis is crucial in swing trading.
A rise in volume alongside bullish price action confirms genuine buying interest.
Current BTC/USD trading volume supports an upward movement, reinforcing positive market sentiment.
Fundamental Factors Supporting BTC/USD Upside
Beyond technical analysis, fundamental catalysts are contributing to Bitcoin’s expected rally:
Institutional Adoption: More firms are integrating Bitcoin into their portfolios.
Upcoming Halving Event: Historically, BTC rallies before and after halving cycles.
Macroeconomic Factors: Inflation and fiat currency devaluation increase demand for Bitcoin as a hedge.
Trading Plan for Swing Traders
For traders looking to capitalize on BTC/USD’s expected rise, here’s a suggested plan:
Entry Point: Around the 50-day EMA or Fibonacci support level.
Stop Loss: Below recent swing low to manage risk.
Target Price: Previous resistance levels or recent swing highs.
Trailing Stop: To lock in profits as the price moves upward.
Conclusion
Based on swing trading indicators, BTC/USD is showing strong bullish signals, making it an attractive trade opportunity. However, risk management remains crucial, and traders should continuously monitor market conditions. If BTC continues to hold key support levels while maintaining upward momentum, it could reach higher resistance zones in the near term.
BTC to 13 million by 2045 ??? according to Michael Saylor Michael Saylor ;
Every bitcoin you don't buy is gonna cost you 13 million dollars:
will that be true? probably not.
but 1 million is gonna come way sooner than most think
BTC - BORING TIME BUT STILL BULLISH (JULY 2024)BTC - BORING TIME BUT STILL BULLISH (JULY 2024)
BTC has been quite dull over the past few months. However, I remain confident that the market is still bullish in the long term. It's just a matter of time, and a bullish phase is likely approaching soon.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)This is my first post in 2024.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)
This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.
BTC, Finished the correction, the first TP is 161%.Finished the correction, the first TP is 161%. BINANCE:BTCUSD
