BTC Bitcoin 1hr divergence bounceBTC Bitcoin 1hr divergence bounce along with golden pocket could be a place for reversal to test the POC.
BTCUSD.PI trade ideas
BTC inter-day trading 2 important levels BTC could drop to the below line and then bounce back to the above line.
Bitcoin Short H4 UPDATESell Stop Entry @ 58481.40
S/L @ 65210.40
T/P1 @ 52390.00
T/P2 @ 44820.00
R.R.R. @ 1/2
Pure Price Action analysis based on Breakout of target level.
BTCUSD TRADE SETUPIf the marker retrace or fullback and then BULL run structure create from our demand zone then take a trade otherwise skip the position
BTCUSD TRADE SETUPPair Name: BTCUSD
- Classic bullish formation
- Our team expects pullback from demand zone
SUGGESTED TRADE: BTCUSD is holding continuous up trend so after market retracement I can take buy entry . If your analysis matches it take a trade otherwise skip the trade.
Swing Trade
Start protection of your profits from lower levels
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BTCUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
Bitcoin - How will Bitcoin react to the results of the election?Bitcoin is located between the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. Risk on sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for Bitcoin resale positions within the specified supply zone.
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
New surveys by “ABC News/Ipsos” indicate a close race between Kamala Harris and Donald Trump as the 2024 U.S. election approaches. These surveys reveal that 74% of voters are dissatisfied with the state of the country and also discontent with the current presidential candidates. Harris is slightly ahead with 49% support compared to Trump’s 46%. In the final days, Harris’s campaign has been more active in connecting with voters, gaining more support among Latinos, African Americans, and young women, whereas Trump holds greater support among white men and those without a college degree.
Donald Trump, the Republican candidate, has not only positioned himself as a pro-crypto figure but his tariff-raising policies could lead to inflation and increased geopolitical tensions. Trump, who previously opposed cryptocurrencies, has shifted to strong support for the industry this year. Decrypt previously reported that Trump aims to have all Bitcoin mining conducted in the U.S. and has launched a decentralized finance (DeFi) project running on Ethereum, with plans to issue his own stablecoin.
On the other hand, MicroStrategy, led by Michael Saylor, announced plans to raise $42 billion over the next three years to buy more Bitcoin. The company’s “21/21 Plan” aims to gather $21 billion through equity and $21 billion through debt. The company has stated that this additional capital will be used to acquire more Bitcoin as a treasury asset.
Their latest purchase in mid-September added 7,420 Bitcoin valued at $458.2 million, bringing their total holdings to 252,220 Bitcoin.
Performance of ETFs with the highest trading volume on Friday:
Total: - GETTEX:55M
BlackRock: $0M
Fidelity: - GETTEX:26M
Grayscale: -$5M
Bitcoin mining revenue and profit fell for the fourth consecutive month in October. JPMorgan reported that the average weekly hashrate of the Bitcoin network reached a record high. The bank estimated that Bitcoin miners earned an average of $41,800 per exahash per second, a 1% decrease from September. Additionally, daily gross profit reached a new low. Bitcoin mining difficulty hit an all-time high in October; however, transaction fees significantly increased, reaching 60% of the block reward by the end of the month. The monthly hashrate for the Bitcoin network increased to 702 EH/s in October, 9% higher than the previous month.
The latest update of the crypto market’s Fear and Greed Index shows that it remains in the greed zone, although it dropped by 4 points compared to the previous day.
Possibility of correction It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed up to the previous ceiling range. Then a trend change is expected. If the support trend line is broken, the continuation of the downward trend will be possible
BTC long for THE LEAPLong btc and eth here, esp eth, at max pain social sentiment, but besides that, I think mean revision is the name of the game in the start of a bull market, with us approaching elections, and with USDT market cap dominance % near last bull run highs, which would be a low level, thus allowing printing pressure to subside, launching btc upwards. I think the lowest we can go here on btc would be 64k/65k and i'd expect a green buy signal to show up if we push that low, if not we move sideways with chop till we can get a volatile move that resets and gives us a buy signal. I'm early cause I don't think it will be easily timed. GOOD LUCK!
BTCUSDT LONGI will long this trade only if it comes and takes down the liquidity of the marked zone or retest the marked zone with proper risk management.
2 DAYS UNTIL THE ELECTION BUY THE DIP !!
TRUMP WILL WIN !
If donald Trump will win then huge downturn.
Bitcoin will hit $150K until donald trump wins
Bitcoin will go crazy up and down; be sure to yse proper risk management.
Buy bitcoin now and take profits at $150K or few pips before it;
If it drops keep an eye and place a stop loss so you wont lose much.
Im seeing opportunities; not mountains
Bitcoin - a leading diagonal?If you follow my X account, I posted this diagonal just after the waves 1-2 were printed.
If this leading diagonal is the wave 1 in a larger impulse, then, most likely, we will get to $100k by the end of the year in the wave 3.
Trade safe
$BTCUSDMarkets are getting into its demand fill as we get elections going on this week rumors of trump victory will make new all time high for BITSTAMP:BTCUSD expecting pullback into these levels and push to upside after
BTCUSDBINANCE:BTCUSDT
As we can see, there’s a supply zone where the price has been rejected multiple times.
This is a strong liquidation and selling area.
If we get a daily candle close above this supply zone between 72,000$ and 73,000$ we’re likely heading for a new HH around 84,000$ maybe even higher.
Trade carefully.
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This Bitcoin (BTC/USD) daily chart
Bullish Bias: The overall trend remains bullish, with price action inside the ascending channel, above both the 50-day and 200-day SMAs, and positive MACD momentum.
Caution for Potential Retracement: The Stochastic RSI's overbought condition and resistance near $74,000-$77,000 suggest that a pullback could occur. A retracement towards $64,000-$65,000 would be a healthy consolidation level and could present a buying opportunity if the trend remains intact.
Breakout Confirmation: For continued bullish momentum, Bitcoin needs a decisive break above $77,000 with strong volume. This would likely confirm the bullish continuation toward higher targets, possibly above $80,000.
Watch for Election Day Volatility: The approaching Election Day could lead to increased market fluctuations, so it's crucial to monitor support and resistance levels closely.
This analysis indicates a cautiously optimistic outlook for Bitcoin, with a bullish bias, but readiness for a potential retracement or consolidation phase in the short term.
Fifth Rejection from the Last HurdleBTC’s initial reaction to the $72,000 - $73,800 resistance indicates a fifth rejection at this critical level. For a potential retest of this resistance, BTC must secure a weekly close within the $65,500 - $67,300 support zone. As noted previously, BTC could experience a deeper pullback, potentially revisiting the downward trendline it broke out from two weeks ago. However, to sustain bullish momentum, BTC must maintain weekly closes above this trendline to bolster the likelihood of a renewed move higher.
Personal Opinion What we’re focusing on right now is that there’s an important support line that doesn’t want to break at this moment. However, the positive news from the U.S. election—if Trump wins—might help it dip a bit further before making a stronger upward move.
BTC - BTFD OpportunityBitcoin is in a significant support zone after a sell-off. We are taking the opportunity to open a long position, which should take us back above the USD 70,000 mark.
Bitcoin investment must-have(11/4-11/10)This week is the U.S. election week, now the U.S. election uncertainty is very big, nearly a month since Trump's voice is very high, but the election process Harris's victory is gradually rising, the U.S. election has a major impact on the whole market, and there is also the interest rate meeting on Friday, the cryptocurrency market at present to watch and avoid the risk.
Option ATM IV has risen to 80% this week, and with all of this month's option IVs significantly higher than forward options, the next few days could be big.
🌟 Heavyweight events this week:
Tuesday 11/5
💼 Reserve of Australia announces interest rate resolution and monetary policy statement (11:30)
🌟 US holds 2024 presidential election
11/6 Wednesday
💼 Bank of Canada publishes monetary policy meeting minutes (02:30)
💼 U.S. Treasury announces debt issuance program for the new quarter (21:30)
11/7 Thursday
💼 Bank of England announces interest rate resolution and minutes (20:00)
💼 US initial jobless claims for the week (20:30)
11/8 Friday
💼 Fed announces interest rate resolution (03:00)
📌 Crypto Market Outlook:
This week is the U.S. election week, now the election is burning, who will win is not yet known, and Friday's interest rate meeting, the market is generally believed to be a 25 basis point rate cut, this week's option parity IV has risen to 80%, cryptocurrency risk aversion is obvious. With Bitcoin's short-term term IV currently at high levels, it would be interesting to get in on a bit of election gaming this week.
📌 As for the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high-interest orders, and it is worthwhile to actively transact when you come across the right rate order, especially when there is a market for it, which deserves special attention.
Are you ready for $66,000 BTC ? Our sell movement continues
BTC price continues to go down within the channel created by the green rings. BTC continues its downward movement to the $66 150 BTC price as planned.
BTC/USD Analysis (03-Nov-24)BTC/USD Analysis (03-Nov-24):
Sentiment: Bearish
Current Range: 68,336.16 - 71,636.16
Target: Anticipate further decline to 62,434.50 due to weekly liquidity sweep.
BTCUSDIsn't Price Action beautiful.... Price currently in-between Daily Bullish Swing Points. Also, Price just encountered Weekly High's, which has now caused Price to resist those levels. Close of today is the close of the week, & I'll then be dropping a video breaking down my viewpoint & thought process behind Price Action. Stay Tuned!!!!
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Bitcoin can breach retracement level and resistance levelBitcoin could not break ATH and once again fall to the retracement level and also break ascending triangle it is the sign bitcoin should go down and retrace more to the given levels in chart. bitcoin never go up without doing retracement so here we need a retracement of 63K for Bullish trend.
