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BTCUSD.PI trade ideas

forget 70k level, look out for this importanlevel to surpass... As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890. Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through! This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected. These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly. Best regards, and let’s hope that’s the case!! TRADE SAFE!
COINBASE:BTCUSDLong
by RocketMike111
BTC/USD Weekend MovePotential BTC/USD Directional move for the weekend as we head our way out of the premium zone into discount. 4hr chart: Key levels of $69,859 would need to be mitigated to show any further strngth to the upside, however we have already sweept the liquidity resting at the 4hr fair value gap and price action seems to be having a bearing reversal pattern with the 20 ema heading to cross the 50 along with the 50 changing trajectory to face to 100. This move could be to tap into the decisional and extreme order blocks at $68,171 and $67,271 could then allow for a reversal and rightly so placing it conveniently within the discount zone on the PD array, the MACD would be sitting below 0 making it an optimal area for entry on the buy side as long as we get a clean reaction off $66,101, which would sit us perfectly on the 200EMA. Failing that we'll continue to head down to test $63,626 and at that pointthis would be the beggining of a bearish reversal on the 4hr. Certainly on the daily: Which would make sense since we seem to seem to have reached heavy resistance to the upside on the weekly: giving us more confirmations that we are in premium so sells are imminent as a liquidity grabe before heading into a markdown phase or we pull back up to continue the ranging market structure. Happy Trading and a good Sunday too you all.
ICMARKETS:BTCUSDShort
by FXCapitalClub
Falls in price deceive. Bitcoin's Daily Chart is Demand-driven! I know Bitcoin sold off really quickly about 48 hours ago trying to reach higher highs and resistance. Price also made no further attempts to retest the breakout high price, but not yet. Daily chart is attached. It looks indicative of higher prices to my eyes, but we only see what we see. If I am missing something more bearish please write in the comments. It's a learning curve for us all. Quickly my reasons, Bitcoin switched to a Demand-channel in recent months, you know higher highs and higher lows, now recently Bitcoin price has remained in the upper part of channel, for me that is a bullish sign. Check the chart. Thanks for reading.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Recommended Books for a Trader from Beginner to ExpertHere is my subjective list of recommended books for traders. While there is some overlap in the material—especially regarding technical analysis and risk management—each book offers unique concepts and tools, enriching your learning path and expanding your skillset. I'm not sharing any links but all books are easily accessible on the internet. Beginner Level: 1. “Trading the Trends” by Fred McAllen This book introduces readers to the fundamentals of market operations, technical analysis, and option trading. McAllen, a retired stockbroker and active investor, emphasizes the importance of recognizing market trends early and provides strategies suitable for long-term investing. The book includes real-world examples to help readers understand and apply trend-trading techniques effectively. 2. “How to Swing Trade” by Brian Pezim & Andrew Aziz Co-authored by experienced traders, this book focuses on swing trading strategies, which involve holding positions for several days to weeks. It covers topics such as identifying profitable trades, managing risk, and understanding market psychology. Additionally, the book introduces fundamental analysis concepts, aiding traders in making informed decisions. Andrew Aziz is the founder of Bear Bull Traders, a community of independent stock traders and analysts. Intermediate Level: 3. “Charting and Technical Analysis” by Fred McAllen In this comprehensive guide, McAllen delves deeper into technical analysis, teaching readers how to interpret price movements and market trends. The book covers various charting techniques, candlestick patterns, and indicators, providing readers with the tools needed to make informed trading decisions. It's designed to help traders recognize market tops and bottoms, entry and exit points, and understand the dynamics of buying and selling pressures. 4. “How to Day Trade for a Living” by Andrew Aziz This book offers a comprehensive overview of day trading strategies, including risk management principles and the configuration of stock screeners. Aziz shares his personal experiences and insights, making complex concepts accessible to intermediate traders. The book also provides guidance on developing a trading plan and maintaining discipline in the fast-paced world of day trading. Andrew Aziz is the founder of Bear Bull Traders, a community of independent stock traders and analysts. 5. “The Wyckoff Methodology in Depth” by Rubén Villahermosa Villahermosa provides an in-depth exploration of the Wyckoff methodology, focusing on principles such as accumulation/distribution, markup/markdown, cause-effect and other. The book includes numerous case studies that demonstrate the application of these techniques, making it suitable for both day and swing traders. Readers will gain a solid understanding of market cycles and the behavior of different market participants. Expert Level: 6. “Wyckoff 2.0” by Rubén Villahermosa Building upon his previous work, Villahermosa introduces Volume Profile analysis and integrates it with Wyckoff principles. This advanced material is designed for experienced traders looking to deepen their understanding of market dynamics and enhance their trading strategies. The book provides detailed explanations and practical examples to help traders apply these concepts effectively. 7. “Markets in Profile” by Jim Dalton Authored by a renowned industry expert, this book explores Market Profile analysis, a tool used by many traders to understand market behavior. While it may not be highly practical for all readers, it offers substantial insights and encourages traders to think critically about market structure and participant behavior. The book emphasizes the importance of context in trading and provides a framework for understanding market movements. All Levels: 8. “Trading in the Zone” by Mark Douglas Focusing on trading psychology, this book addresses the mental aspects of trading, such as discipline, confidence, and risk perception. Douglas provides insights into developing a winning mindset and overcoming common psychological barriers that traders face. It's a valuable read for traders at any level seeking to improve their mental approach to trading. Let me know what you think
COINBASE:BTCUSDEducation
by hermes_trisme
Bitcoin PerspectiveMany people have been confused by this Bitcoin cycle. Here I offer a different perspective taking into consideration both the halving dates and US Interest Rates. Keep in mind that interest rates tend to have a lagging effect on the market. Observations: - Slightly lagging behind interest rates higher rates seem to suppress Bitcoin's upward movement. Cause consolidation. - When interest rate hikes paused Bitcoin immediately started climbing. - Interest rates did not start rising until after the 2nd halving. - Interest rate hikes had already paused before the 4th halving. - During times of low interest rates Bitcoin has seen large growth. - (Outside this chart) The last 2 times the FED started cutting rates we reached 0.25 in less than 1 1/2 years. - The average Bitcoin Bull Cycle lasted between 756 days and 826 days. - We are currently 665 days into this cycle. I'll let you decide what this all means. I just thought I would share my observations.
BITSTAMP:BTCUSD
by JoshuaDanford
Bitcoin Approaches All-Time HighMarket Update - November 1 2024 Fueled by positive market sentiment, the price of bitcoin exceeded $73,100, just shy of its all-time high:  The Fed’s decision on rate cuts could further fuel a price increase, but bitcoin pulled back Thursday toward $70,000 amid a broader tech sell-off. US spot bitcoin ETFs recorded $870 million in inflows on Tuesday, led by BlackRock’s IBIT with $629 million:  It’s believed that bitcoin’s swelling price might be contributing to investment in these funds. Florida CFO Jimmy Patronis has requested an evaluation of the feasibility of adding bitcoin to the state’s public pension funds:  The state of Florida has typically shown keen interest in crypto initiatives, with Governor DeSantis having made proposals to allow businesses to pay tax in bitcoin in 2022. Hong Kong Exchanges and Clearing Ltd. (HKEX) will launch the “HKEX Virtual Asset Index Series” on November 15, providing reference prices for BTC and ETH during the Asian trading day:  The indexes aim to offer transparency and support for virtual asset investment decisions in the region. Weekly sales of NBA Top Shot NFTs have hit a six-month peak, with 43,600 NFTs sold as of October 27, marking a 94% jump from the previous week:  Renewed excitement from the season opener is driving the surge in activity after a slow offseason. Bitcoin Surges Past $73,000, Pulls Back on Thursday Bitcoin climbed above $73,000 Tuesday, marking the first time it breached this level in over seven months. The renewed surge comes near the end of a strong year for bitcoin, partly driven by the SEC’s approval of spot bitcoin ETFs and anticipated rate cuts in the US. Tuesday was also reported to be bitcoin’s biggest trading day in months, as volumes skyrocketed. However, the price of bitcoin retreated Thursday, pulling back toward $70,000 as the broader tech market recorded mixed earnings results. Federal Reserve decisions in particular have been playing a role in bitcoin’s recent rally, with bitcoin rising from around $54,000 in early September as expectations for a rate cut increased. A majority of analysts currently anticipate a 25 bps cut November 7, which could drop rates to the 4.5% to 4.75% range. If this comes to be, it would most likely add to the current bitcoin trading frenzy. Some analysts are bitcoin to climb even higher before the end of the year as market conditions become more favorable. It could depend on numerous factors, and will most likely be influenced in some form by the results of the upcoming US presidential election. 💱 Topic of the Week: Traditional Lending vs. Crypto Lending 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Bitcoin Short: wave count update (wave 2 completed)I've updated the wave count to an old wave count for the previous upmove till mid month and the subsequent rangey move as the new wave 1 that is a leading diagonal (note that this was the original wave count until I changed it somewhere in Q3 of this year to cater for a potential strong down move, but the move up since 10th Oct has invalidated that count and this is the old-new count) Based on this count, we have a very strong wave 2 that almost completed retraced wave 1 down and in a triple combination (a supposedly rare occurrence). Right now we should be going into a wave 3 and that will be consistent with all my other analyses (for nasdaq, s&p, gold). Everything is going down because in a strong down move, beta of all assets classes converges to 1 due to liquidity.
BITSTAMP:BTCUSDShort
by yuchaosng
This is a break down of Tone HAyrod the Forecastah"s master planTHis is how I have finally began on the journey to freedom. I have realized the it is the level of attention, dedication, focus without distractions is the only way to become to desired terms. I believe after 15 years of trading I have mentally developed my strategy through many teachers, research and most of all expirience. I have developed a strategy that I must complete and document before I move on. I Present the twodyago Equity Specilaist. Day 1 BTC is interesteing so lets start there.
COINBASE:BTCUSDLong
by Forecastah
Chart Pattern Analysis Of Bitcoin. From K1 to K3, It is a strong bearish evening star pattern. A sharp price correction or a potential short-term bear run is on the way. It is also likely that a large scale horizontal consolidation is on the way. But the possibility is relatively low here. If there is a weak rebound after K3, It will be a good place to reduce long-term positions. And, if the following candles successfully retest the support at about 65-66K. It will be a good place to buy it then. Long-65588/Stop-65K/Target-74K
COINBASE:BTCUSD
by nothingchangehere