Possibility of uptrend It is expected that the downward trend will end in the current support range and we will see the beginning of the upward trend. If the 78.6% level is broken, the continuation of the downward trend is likely
BTCUSD.PI trade ideas
BTCUSD READY FOR BOOOOOM!
the chart that I saw was so real, and I had a view that exceeded all targets from all analyzes; i don't know it's 80k, 100k, 120k, or 200k, I can't say the number because it exceeded all of that
BTC USDTOctober rally is may be on the way...
We can see 75-76k $ in Short-term.
64-65k $ is local support.
79-80k $ can be hit for liquidations.
Don't overlevarage.
Use tight risk management.
#BTCUSDT Potential 120K Incoming! **Swing Entry:** 72,000 - 68,000
**Targets:** 95,000, 110,000, 120,000
**Stop Loss:** 58,000
Stay informed and manage your risk wisely! 📊💼
Bitcoin to 90kBitcoin is bouncing off levels perfectly in a bullish move. It has also hit fib retracement levels perfectly. It has broken out the weekly range. Looks like according to the range size the next move can be to 90k.
I take it this is it....Buckle up and I will see you on the other side. Don't forget to cash out profits on the way up. Otherwise you will be panic selling on the way down.
Buy BTCUSD @ 66600 - 65600💎Buy BTCUSD @ 66600 - 65600💎
Wednesday 10/23/2024 02 PM EST
Friday 10/25/2024 07 PM EST
63600 StopLoss —>
66650 BreakEven+
TakeProfit 1: 66800
TakeProfit 2: 67000
TakeProfit 3: 67200
TakeProfit 4: 67400
TakeProfit 5: 67600
TakeProfit 10: 68600
TakeProfit 20: 70600
TakeProfit 30: 72600
The Wizard🧙♂️
Overall View of 2 Days, Voice Issue FixedBTC Update, USDCHF Update, Nasdaq Update, Gold Update
Please Watch Complete Video
Bitcoin major trend According to the Cup and Handle pattern and Elliott wave theory, Bitcoin is looking bullish. We will then find good prices to hold and take profit when wave 3 of the Elliott wave ends.
$BTC swing longThis would probably be the most hated rally in CRYPTOCAP:BTC history. Small long here.
Bitcoin (BTC/USD) Technical Analysis Summary:
- Timeframe: 1-hour
- Trend: Ascending channel
- Key Indicators:
- 100-period SMA: BTC is trading below this level, showing short-term bearish sentiment. A reclaim above the SMA could indicate bullish momentum.
- MACD: Currently bearish, with the MACD line below the signal line and a negative histogram, suggesting selling pressure.
- Support Levels:
- Channel Support: Around $67,000. This level is crucial; a break below could signal a trend reversal and potential downside toward $61,800.
- Resistance Levels:
- Channel Resistance: Near $72,000. Breaking above this could indicate a continuation of the bullish trend.
- Volume: Low volume suggests limited strength in current price movements. Watch for increased volume near support or resistance to confirm a breakout.
Summary: BTC is testing the lower boundary of its ascending channel near $67,000. Holding this support could provide an opportunity for a rebound. However, a break below this level with increased volume may signal a bearish reversal.
BTC. Golden cross and new ATH.Bitcoin bullish cross on the weekly chart suggests that price will move above the high of the candle on which cross occurred. That's simple 7% growth ahead and new ATH.
BEARISH CASE ANALYSIS FOR BTCBullish or Bearish, it's always a good idea to see below the surface and trade cautiously managing risks. BTC has a bullish sentiment overall, however structural analysis is painting a cautious sign to be too over optimistic. The cup and handle pattern formed is still not confirmed and can fail. I have seen these many times in my trading experience.
On the chart we have weak RSI (just above 60) heading into new all time high attempt, a shooting star candle on the weekly chart, a failed new high zone forming a double tops pattern. These don't support a strong bullish case. There is also a daily RSI and MACD divergence which has propelled the pullback since this publication. I am watching for when this divergence is played out completely to assess a bulls case structure.
Of course I agree with the bulls on the touch of the daily Bollinger band and if support is found at the 21 EMA or $68300 price level then we're off to another bulls run. I just want to share my thoughts on BTC price structure. Cheers !
R/S Flip at $69k InvalidatedThat's the second wick below $69k in 3 days. Based on the number of times that has happened since BTC first engaged with the 2021 Top in March, it's a good indication that price is likely to go down further.
The next levels of technical support are at the 2021 Mid-Cycle Top at $64.8k and the 21-Week Moving Average, currently around $62.7k
rally that is slow taking offwe have broken out of the channel weekly and are trying to confirm another higher daily low in the pattern. sequencer has not completed its bull exhaustion pattern, and we havent lost trama although it isnt rising yet. supertrend is still in a holding pattern, but the larger move hasnt brought us down to signal at this top yet. new all time highs are still the target, and i wouldnt be surprised to see this confirm a breakout and head toward $79k. im interested in smaller moves, and ill be using BITO during normal trading hours.
Bitcoin _ USD _ Distribution _ Prices _ Under _ Trading _ Venue Bitcoin _ USD _ Distribution _ Prices _ Under _ Trading _ Venue _ Coinbase.
Note: USD not USDT.
I did say next distribution price $73,630 range!
Now I will breakdown the next distribution prices!
Quarter 4 Distribution prices:
$70,004.93
$72,075.97
$72,900.80
$73,621.01
$75,540.95
$77,815.64
$78,460.87
$80,038.82
BTCUSD 1H TIMEFRAME Analysis and Trade Setup for BTC/USD:
Overview:
In the 1-hour timeframe, Bitcoin is displaying signs of a triple bottom formation around the $68,773 - $69,342 zone, indicating strong buying interest at this level. This pattern is often considered a reversal signal, suggesting a potential upward move if BTC can hold above this support zone.
Key Levels:
Support Zone: $68,773 - $69,342
Take Profit (TP) Levels:
TP1: $69,878 (minor resistance level, initial target)
TP2: $70,166 (near key resistance, moderate target)
TP3: $71,333 (stronger resistance, swing target)
TP4: $72,657 (major resistance, extended target)
Indicators:
Ichimoku Cloud: BTC is trading within the cloud, signaling a potential trend change. If BTC breaks above the cloud, it could further confirm bullish momentum.
RSI: The RSI is moving towards the oversold region but has yet to show a reversal, suggesting that buyers may step in soon.
MACD: The MACD is below the signal line, but a potential crossover could occur if buying momentum increases.
Trade Idea:
Entry: Look for entries around the current support zone ($68,773 - $69,342) if Bitcoin shows further bullish candlestick patterns.
Targets:
TP1 at $69,878
TP2 at $70,166
TP3 at $71,333
TP4 at $72,657 if there is enough volume and momentum.
Stop-Loss: Place a stop-loss just below the support at $68,773 to protect against unexpected downside.
Potential Path:
If BTC holds the support zone and confirms the triple bottom pattern, a rally could follow. A breakout above each target level can pave the way for further gains. Watch for consolidation at each resistance level for signs of strength before BTC moves higher.
This setup combines technical analysis with Ichimoku, RSI, and MACD indicators, aiming to capture a potential bullish reversal if the support zone holds. Remember to adjust your position size and trade management based on your risk tolerance.
Good luck with your trade, and may the market be in your favor! 📈
UPTOBER ENDS Bitcoins monthly close is behind us and it's an interesting one...
For most of the last day of the month BTC was above the previous monthly close high of $71,413.40. However, Bitcoin failed to close above that level coming up 1.67% short.
Despite this the monthly candle is very strong, historically October is a good performer hence the "UPTOBER" nickname and this time around was no exception with an +11% move. I said in a previous post that a retest of the '21 ATH @ $69,000 is possible and likely, in the last 8 months BTC has routinely rejected off this level with no acceptance above, just SFPs galore. This is the chance to retest and accept as new support. that would set up a move for ATH and above.
Q4 so far has been positive, we know that this month will be a strange one as the US election is in a few days and can sway markets so volatility can be expected. In the end I think the trajectory is new highs by the end of the year.
BTCUSD Potential Trend ContinuationBTCUSDT has established a triangle pattern on the daily chart, which typically suggests trend continuation. This formation is taking shape just below the key psychological level at 70,000, hinting that the market might be gearing up for a breakout. The last weekly candle—a long-tailed bar—signals potential buying interest, reinforcing a possible upside. As we approach the monthly candle close, a close above September’s high could provide further confirmation of upward momentum.
In the short term, a pullback or a fake breakout of the triangle pattern may occur, potentially leading to a retest of the all-time high. The target is the resistance zone around 72,000
Bitcoin Daily Chart -Indicates selling, it needs to rocket soon
Bitcoin BTCUSD since arriving back up at the triple-top high zone and it would seem is preparing to launch a breakout of its price to all new higher-highs and higher lows, but perhaps Bitcoin's consolidation and a lack of higher prices the past couple of days this week, is starting to make BTCUSD look a bit weaker for a Short opportunity.
No I don't think the Bitcoin price is going down with a huge sell margin, no price is simply in the 'squeeze' right now and we will see a gradual downward drift in price as consolidating price action occurs, and to a key support level or demand block, buyers will step-in at reduced Bitcoin prices and they will take advantage of a price that Bitcoin is likely to never revisit ever again.
Is the bitcoin rally over? Am I too late?no. usually bitcoin continues to hit new all time highs when it double tops at resistance and breaks through on higher timeframes like the weekly. the daily may be overbought, but look for this to push toward $79k soon.
short-term 4H extended, weekly resistance, ATH resistanceThe BTCUSD chart is on fire, but the moon is beyond the final boss.
This glass ceiling is very unlikely to crack the first time, perhaps take some off the table
Reload on pullbacks to former levels of supports
BTCUSD can defy all logic and run straight through, just don't see it since massive potential good news is priced in. Could be wrong.
not financial advice
Bitcoin Bullrun & Fib LevelsThe bitcoin bull run has started after 8 month of re-accumulation, we finally start to break out the bull flag. Here some of the most important levels that could have significance in finding a top.
