Possible Reversal on BTCStep 1-3 of reversal setup has already taken place. If it fails to break the 0.27 and retest then we should consider continuation to the downside.
This is not financial advice.
BTCUSD.P trade ideas
Bitcoin Crucial Support LevelBitcoin is still showing strong Support around the: GETTEX:92K zone area. Multiple times this area has been retested. Until we break bellow, I’m still optimistic🚀
Bulls have still managed to prevent the bears pushing price action further to the downside 👀😬
Remember this was just a correction, not a crash 💥 🙌🏻
Revolutionize Your Bitcoin Trading: Top Price Action TechniquesBITSTAMP:BTCUSD @Alexgoldhunter
Analysis Using Price Action Techniques
Key Technical Elements
Break of Structure (BOS):
The chart shows multiple BOS annotations, indicating significant changes in market structure. The first BOS is marked around the 16th, showing a bullish breakout. The second BOS is marked around the 18th, indicating a bearish breakout.
Fibonacci Retracement Levels:
The Fibonacci retracement levels are drawn from a recent high to a recent low. The key levels are:
0.786: 103910.11 USD
0.705: 103376.675 USD
0.618: 102795.43 USD
0.5: 102012.5 USD
0.382: 101229.97 USD
These levels can be used to identify potential support and resistance areas.
Volume Analysis:
The volume bars at the bottom of the chart show the trading volume. Higher volume bars indicate stronger buying or selling pressure.
Relative Strength Index (RSI):
The RSI is shown with a value of 44.80, indicating that the market is neither overbought nor oversold.
Moving Average Convergence Divergence (MACD):
The MACD indicator is shown at the bottom, with the MACD line crossing below the signal line, indicating bearish momentum.
Buy Strategy
Entry Point:
Consider entering a buy position near the 0.618 Fibonacci level (102795.43 USD), especially if the price shows signs of reversal with increasing volume.
Confirmation:
Look for a bullish BOS and RSI moving above 50.
Target:
Aim for the 0.786 Fibonacci level (103910.11 USD) or higher. Partial profits can be taken at intermediate levels (0.705 and 0.618).
Stop Loss:
Place a stop loss below the recent low or the 0.5 Fibonacci level to minimize risk.
Sell Strategy
Entry Point:
Consider entering a sell position near the 0.786 Fibonacci level (103910.11 USD), especially if the price shows signs of reversal with decreasing volume.
Confirmation:
Look for a bearish BOS and RSI moving below 50.
Target:
Aim for the 0.5 Fibonacci level (102012.5 USD) or lower. Partial profits can be taken at intermediate levels (0.618 and 0.382).
Stop Loss:
Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk.
Summary
Buy Strategy: Look for a bullish BOS, high volume, RSI above 50, and enter near support levels (Fibonacci 0.618).
Sell Strategy: Look for a bearish BOS, high volume, RSI below 50, and enter near resistance levels (Fibonacci 0.786).
Simple VIP Signal
ENTRY: 102795.43 USD
TP1: 103376.675 USD
TP2: 103910.11 USD
SL: 102012.5 USD
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
BTCUSD Long and Short TargetsRed dots are short entries. Green dots are long entries. BTC is in a consolidation phase along with most of the crypto market.
Buy under 100K and Target 125K by Jan 20Simple strategy of buying bitcoin when it's trading under 100K leading up to Trump Presidency, I don't see why Bitcoin can't continue to 125K by Jan 20 (Trump inauguration). Fed went from from dovish to dovish/neutral in my opinion, not hawkish. This is a buying opportunity and the strong reversal forming a bullish hammer after the cooling PCE report today is the confirmation to continue buying BTC here.
The Impending US Government Shutdown.The Impending US Government Shutdown: What Traders Should Know
As the US government teeters on the edge of a shutdown, traders are bracing for potential market volatility. The failure of a spending bill in the House of Representatives has heightened concerns, with President-elect Donald Trump and tech billionaire Elon Musk playing pivotal roles in the bill's rejection.
Potential Market Impact
Stock Market Volatility: The uncertainty surrounding the shutdown could lead to increased market volatility. Investors may react to the political instability by selling off stocks, causing sharp declines in major indices like the S&P 500 and Dow Jones Industrial Average.
Currency Fluctuations: The US dollar may weaken as investors seek safer assets, leading to fluctuations in currency markets. This could impact forex traders who need to stay vigilant and adjust their strategies accordingly.
Commodity Prices: Commodities like gold often see a rise in value during times of political uncertainty. Traders should monitor these markets closely as they may present opportunities for gains.
Interest Rates: The Federal Reserve's response to the shutdown could influence interest rates. If the shutdown leads to economic disruptions, the Fed may reconsider its stance on rate hikes, affecting bond markets.
Strategies for Traders
Stay Informed: Keep a close eye on news updates and government announcements. Being aware of the latest developments can help traders make informed decisions.
Diversify: Diversifying your portfolio can help mitigate risks associated with market volatility. Consider spreading your investments across different asset classes.
Hedge Your Bets: Use hedging strategies to protect your investments. Options and futures contracts can be useful tools for managing risk during uncertain times.
Be Patient: Market reactions to political events can be unpredictable. It's important to stay calm and avoid making impulsive decisions based on short-term market movements.
Conclusion
While the potential government shutdown poses challenges, it also presents opportunities for traders who are prepared. By staying informed, diversifying portfolios, and using hedging strategies, traders can navigate the uncertain waters and potentially capitalize on market movements..
BTCUSDBlood on the streets stay woke Fam this may get messy bears are angry and will dump the assets to inflict all sorts of maximum pain.
this is why BTC dropped from a technical standpoint this is what I see:
BTC is testing the biggest challenge which is the YEARLY top trendline so it can be tough to break
the PULLBACK can be painful for investors if btc cant break this zone (especially alts)
But if and when btc finally breaks that, it will be huge and we might not see btc below that trendline again in the future
only time will tell
BTCUSD : Good luckThis is a follow-up to the chart published on 14 Nov.
As I said, patience is important. As to what happens next, it depends on luck.
Good luck.
Has BTC Topped for now? I examine the real possibility the BTC was just completed 5 waves up, and we will see 5 waves down. In green. A break below $98,700 takes us to $73,800. I see this as the highest probability scenario, and the best place to rebuy.
btcTo reach higher numbers, the bit faces three resistors in the red lines; if it cannot pass, the lower lines are activated.
Bitcoin Likely to See Slow and Choppy Price ActionBitcoin has re-entered the range zone between $99,108 and $103,033, suggesting that we may experience slow and choppy price action in the coming days.
1. For now, Bitcoin has established support at $99,108, which could lead to increased bullish momentum toward the upper boundary of the range at $103,033. This move could occur from the current price level or after a dip back to $99,108 (dashed green projection).
2. A strong breakout above $103,033 with sustained momentum would turn Bitcoin bullish on the 4-hour chart and could set the stage for a rally toward $107,658, the next significant resistance zone (solid green projection).
3. If Bitcoin fails to hold support at $99,108 and breaks below this level, the chart would turn bearish (dashed red projection). The bulls’ last line of defense is at $97,000. A breach below this level could lead to intensified bearish pressure, driving the price toward the $94,500 support zone (solid red projection).
Consolidation within the $99,108 to $103,033 range, with Bitcoin maintaining a moderately bullish bias, could create favorable conditions for Altcoins to perform well.
Divergence Spotted 4H chart The price meeting the support at 98000, where we can see the divergence spotted with the RSI decline lows and the BTC price lows increase.
sign for buy long for the 4H chart, daily Chart, price is going down.
Despite pullback, Bitcoin holding upward trendline.Looking good so far. Waiting for RSI to reset.
Risk of breakdown still exists down to 98-100k range.
Daily Analysis of Bitcoin – Issue 232The analyst believes that the price of { BTCUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BTCUSD TRADE PLANThis is a very good setup in BTCUSD. This is forming a very good chart structure along with the support of moving average
Just a hypothetical aspectAny thoughts? With institutions, USA and Trump...Are we in a Wave 3, regarding the Supercycle?
Therefore Nov 21 would be Top of Wave 1, one year later Bot of Wave 2.
Bitcoin to $143kWhen we apply a fib extension to the Bitcoin monthly chart we can see a possible target of $143k marked by the 1.618 level.
Everyone wants to know when the pullback is coming but after a solid breakout and parabolic performance in November, we can easily see this run continuing in to next year.
Best of luck to all and happy holidays 2024.
Q1: BTC to 125K Historically January is a Bullish month in the Markets. If no funny business around Jan20 I can definitely see it get at or over 125K in the #1stQTR
#XOW
#XFRofWealth
BTC?USDStill looking for longs ATM but I think this could be the turn around point that set the bigger retracement into action what do you guys think?
BTC/USD Performance Review: December 16, 2024.BTC/USD Performance Review: December 16, 2024
Market Overview
Bitcoin (BTC) has had a dynamic day, reaching a new all-time high of $106,648 in the early Asian session. However, it has since corrected to around $104,773. The main driver behind today's price action is the anticipation of the US Federal Reserve's decision on interest rates, expected on Wednesday.
Key Events and Influences
New All-Time High: BTC reached a new all-time high of $106,648 early today. This surge was driven by strong institutional demand and positive market sentiment.
Federal Reserve Anticipation: The market is closely watching the Federal Reserve's upcoming decision on interest rates. A potential rate cut is seen as positive for risk assets like Bitcoin.
Institutional Inflows: Bitcoin Spot ETFs recorded a net inflow of $2.17 billion last week, indicating strong institutional interest.
Technical Indicators: Early signs of bearish divergence in the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest weakening bullish momentum.
Price Movements
Opening Price: BTC started the day at $105,000.
High: Reached a high of $106,648 early in the Asian session.
Low: Corrected to a low of $104,773 later in the day.
Current Price: Trading around $104,773 at the time of writing.
Technical Analysis
Moving Averages: BTC is trading above its 50-day EMA but below its 200-day EMA, suggesting a potential bullish trend if it can reclaim the 200-day EMA.
RSI: Currently at 68, approaching overbought territory. A break above 70 would typically generate a sell signal.
MACD: The MACD line recently crossed above the signal line, indicating bullish momentum.
Bollinger Bands: The price touched the lower Bollinger Band and is now moving upwards, indicating a possible reversal.
Volume: OBV is rising, suggesting strong buying interest.
Market Sentiment
Fear and Greed Index: Currently reads 83, indicating "extreme greed" among traders.
Analyst Predictions: Analysts remain bullish on BTC, with some setting a target of $110,000.
Conclusion
Bitcoin has had a volatile day, reaching a new all-time high before correcting slightly. The market is closely watching the Federal Reserve's upcoming decision on interest rates, which could significantly impact BTC's price. Despite the correction, the overall sentiment remains bullish, supported by strong institutional inflows and positive technical indicators..
Bitcoin spiked on Monday pre-market and hit a cluster of targetsWe got a buy signal on Sunday and the target got hit on Monday pre-market
The previous target for the buy signal generated on Thursday got almost hit as well.
