Elliot WaveFibo Ret and Extend:
0.382/1.786
0.5/1.5
0.618/1.382
0.786/1.272
Trend-Based Fib Extension : 100
BTCUSD.PI trade ideas
BTC NEXT MOVE IS A CORRECTIONWe will test around 67k BTC, reasonable, sensible trends there to be touched, this re-test is very high likely
BTCUSD view!!Patronis said he would not be surprised if the amount grew should former President Donald Trump be reelected next month. Earlier this week, Patronis said in a letter that Florida should direct "a portion of state retirement system monies into cryptocurrency."
Florida is not the first U.S. governmental body to invest in crypto-related financial instruments. Both the State of Wisconsin Investment Board and Jersey City, New Jersey make up two other recent examples. In a May filing, the State of Wisconsin Investment Board said it owned $163 million in spot bitcoin ETFs.
Echoing Trump
Long Wake The f**k up! Cup and handle. Too the Moooon $$$$$ self custody, not your keys not your bitcoin
BTCUSD Let's go back to sleepBTC is going to 100k.
Ok bro, good luck... Take profit for now and now I will enjoy the moonboy show.
As mentioned in my previous post, we are exactly rejecting from weekly HMA50.
Closing the weekly candle below HMA50 just below 72k will confirm its weekly rejection.
What is Profit and Loss (PNL), and How to Calculate It?Hello, Traders! 🌐
Profit and Loss (PNL) is a primary financial metric used to determine the profitability of investments or trading activities. It shows the difference between your earnings and expenses, making it an essential tool for traders and investors to assess their performance and decisions.
At its core, PNL is pretty simple: it's the difference between how much you spend and earn. But diving deeper into its different types can get more interesting. To fully grasp PNL, it’s essential to understand the difference between realized and unrealized PNL and how they influence your overall profitability 👇🏻.
Realized PNL vs. Unrealized PNL: What's the Difference?
Let’s break it down.
– Realized PNL (rPNL) refers to the actual profit or loss made after closing a position. Once the position is completely or partially closed, rPNL is calculated, giving you a final result of the trade . It is often used to assess the effectiveness of your strategies and plays a crucial role in financial reporting and tax calculations.
– On the other hand, Unrealized PNL (uPNL) is all about potential. It represents the potential profit or loss from an open position. It reflects the value change of an asset but has not yet been realized because the position is still active. uPNL helps evaluate the current performance of your open positions and can guide your decision on whether to hold, close, or adjust your position to maximize profitability or minimize risk.
How Is PNL Calculated? 🧮
The formula for calculating PNL is straightforward:
PNL = (Exit Price x Amount Sold) – (Entry Price x Amount Bought) – Fees.
Let’s break it down with an example: If you bought 1 BTC at $40,000 and later sold it at $50,000, with a fee of $100, your PNL would be:
($50,000 × 1 BTC) – ($40,000 × 1 BTC) – $100 = $9,900.
This $9,900 represents your profit from the trade after accounting for fees. Calculating PNL can be done using either percentage or currency values, depending on how you want to measure your success. For instance, if your investment earned you $1,000 on an initial investment of $10,000, your realized PNL would be 10%.
Why Does PNL Matter? 🔎
Understanding your PNL is crucial for several reasons. First, it helps you track the profitability of your trades and investments, giving you insight into whether your strategies are working as intended. Second, it plays a role in risk management, helping you decide when to exit a position or adjust your strategy to limit potential losses. Additionally, PNL is often used to evaluate performance over time, allowing traders to measure the success of different approaches.
In conclusion, by regularly monitoring both realized and unrealized PNL, you can make data-driven decisions about your portfolio, ensuring that your financial goals are met while minimizing unnecessary risks.
A Final Thought 💭
At the end of the day, PNL is much more than just numbers on a screen. So, next time you check your trades, remember that those numbers tell a story about your strategy, risks, and rewards 💼
twice whipsaw on BTCUSD today what I see in the price of bitcoin right now is exactly what is happening in the cycle November 15, 2023 03:00 UTF (tf.1h), marked with "whipsaw" and this is the first, there will be one more whipsaws in the next few minutes as you can see on chart. and after that, bitcoin wil never make any other whipsaws
BITCOIN BULLISH MOMENTUM IN WEEKLY!!!! The weekly BTC/USD chart above shows an Bullish Flag pattern, where Bitcoin’s price is trending upward within parallel support and resistance lines (yellow lines). This pattern often suggests a potential breakout if the price manages to break above the channel’s resistance.
To set Fibonacci targets in the range of $90,000 to $100,000, let’s add levels that align with that price zone:
1. 150.00% ($90,000) - This can act as a strong psychological level within the bullish move, marking the start of the $90k range.
2. 161.80% ($94,407) - A common Fibonacci extension level that is close to the midpoint between $90k and $100k.
3. 175.00% ($100,000) - Reaching this level would mark a major milestone and could trigger significant profit-taking.
These Fibonacci targets highlight possible resistance areas for Bitcoin within the $90k - $100k range, especially if momentum remains strong.
This pattern suggests Bitcoin could keep climbing if a breakout happens, with these Fibonacci levels as possible profit-taking points.
BTCUSD UPDATE - Bulls On The Charge!20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
For new ATH's a 1D candle must still close a body above 72740.
An inside bar, "HAMMER" closed below the order block resistance yesterday.
Confluence of support @ 69522 must hold.
KEYNOTE:
This is NFP Week, make sure you check your calendar before each session always!
I deeply appreciate you taking the time to study my analysis and point of view.
Thursday 31st Oct Short Term Ideadomt act upon my analysis, trading is risky and im a noob / i dont trade im just practicing
BTCUSD BULLISH PRESSUREWe can sight the strong momentum found on the 4H time frame of BTCUSD seeing the price pullback to find support, if the price remain above 73000 we can see a strong surge to 75000.
Alternatively as the price is consolidating between 71458 to 72820 a break below 710286 will make the price dive down to 68411.
BITCOIN/GOLDThe only chart that should matter for bitcoin to get to touch all time high against gold is not 72k anymore due to the "gain in $ value of gold" = devaluation of the dollar
now 92-100k is the new 72k and in the past cycles bitcoin has gain significate value against gold because of the emission getting cut in half.
Comparing Gold and Bitcoin: Which is the Superior Hard Money?As economic uncertainty, inflation, and geopolitical tensions continue to rise, investors are increasingly turning to alternative assets like gold and Bitcoin as hedges against potential market downturns. Both assets have seen significant price increases in recent years, sparking a heated debate over which one truly qualifies as the superior "hard money."
Gold: The Timeless Haven
Gold has been revered as a store of value for centuries. Its appeal lies in its physical nature, scarcity, and historical track record as a reliable hedge against inflation. When economic conditions deteriorate, investors often flock to gold as a haven.
• Pros of Gold:
o Tangible Asset: Gold is a physical asset, offers a sense of security and control.
o Historical Performance: Gold has consistently proven its worth as an inflation hedge over the long term.
o Diversification: Adding gold to a portfolio can reduce overall risk.
o Global Acceptance: Gold is recognized worldwide as a valuable commodity.
• Cons of Gold:
o Storage Costs: Storing physical gold can be expensive and inconvenient.
o Liquidity Concerns: While gold is generally liquid, large-scale sales may impact its price.
o Opportunity Cost: Gold doesn't generate income like stocks or bonds.
Bitcoin: The Digital Gold
Bitcoin, a decentralized digital currency, has emerged as a disruptive force in the financial world. Its proponents argue that it offers superior qualities as a hard money due to its limited supply, cryptographic security, and potential for future growth.
• Pros of Bitcoin:
o Digital Scarcity: Bitcoin's supply is capped at 21 million coins, ensuring its scarcity.
o Decentralization: Bitcoin operates on a decentralized network, making it resistant to censorship and manipulation.
o Global Accessibility: Bitcoin can be accessed and traded by anyone with an internet connection.
o Potential for High Returns: Bitcoin's price volatility offers opportunities for significant gains.
• Cons of Bitcoin:
o Price Volatility: Bitcoin's price can fluctuate dramatically, making it a risky investment.
o Regulatory Uncertainty: Governments around the world are still grappling with how to regulate cryptocurrencies.
o Technical Complexity: Understanding and using Bitcoin can be challenging for some.
o Environmental Concerns: Bitcoin mining consumes significant amounts of energy.
The Hard Money Debate: Gold vs. Bitcoin
The debate over which asset is superior as a hard money often boils down to individual preferences and risk tolerance.
Gold proponents emphasize its tangible nature, historical track record, and global acceptance. They argue that gold's value is rooted in its physical properties and its role as a traditional safe haven.
Bitcoin advocates highlight its digital scarcity, decentralization, and potential for disruption. They believe that Bitcoin's unique characteristics make it a more suitable store of value in the digital age.
Ultimately, the choice between gold and Bitcoin depends on various factors, including:
• Risk Tolerance: Investors with a higher risk tolerance may be more inclined to invest in Bitcoin, while those seeking a more conservative approach may prefer gold.
• Investment Horizon: Long-term investors may benefit from both assets, as they have the potential to appreciate over time.
• Diversification: Both gold and Bitcoin can serve as diversifiers in a portfolio, reducing overall risk.
A Balanced Approach
Rather than choosing one over the other, some investors opt for a balanced approach by allocating a portion of their portfolio to both gold and Bitcoin. This strategy can help mitigate the risks associated with either asset and potentially generate higher returns over the long term.
As the global economic landscape continues to evolve, the debate over gold and Bitcoin is likely to intensify. Investors must carefully consider their financial goals, risk tolerance, and long-term outlook before making investment decisions.
BTCUSD completed today with doji after upsideAfter yesterday's high rise, we can breathe a sigh of relief for the day as it ended with a doji. but will this rally end with a red doji? Of course it raises the question of what will the pinbar look like on 10/31/2024?
on the chart history I found the same pattern which can give an idea of what the pinbar will be like afterwards.
the same pattern occurs from 01/08/2024 to 09/09/2024 and therefore
I think the pinbar at the end of October will not touch 71643.00
Bitcoin Price Targets 215K - 250K USD Mid April 2025The cup and handle price target aligns with the Fibonnaci 3.618 level to predict a blow off price of between 215K and 250K USD.
Previous cycles from bottom of the crash of the prior cycle to the blow off top of the next cycle occurs over 119 weeks from start to finish. Applied to this cycle, that gives a date of middle of April 2025.
Expired BTC.USD Weekly outlook. 5th WK OCT 2024Expired BTC.USD Weekly outlook. 5th WK OCT 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 66,577
This Week Target Price: 67,471
Strike Price: 73,544 on OCT 29, 2024
Upper Range: 74,293
Lower Range: 60,649
BTC Price holding above 50 sma on the hourlyBitcoin price has currently broke above resistance in a recent bullish impulse. The 71,300 has been flipped from resistance to support. This support test also coincided with a 50 sma test and the 1.382 fib extension. All three held strong. Price action is possibly going to test the support again at time of publishing. this is a good area for a long trade. Buy inside the rectangle and hold rips.
Not financial advice.
Do your own DD.
Bitcoin (BTC) on the move road to $80KI'm sure many people have been awaiting a strong indication/confirmation for BTC to soar to greater heights this bull run.
I think we might have just got it
Everything I continue to mention regarding the buying or selling of this digital asset is not financial advice and I would advise you to do you own research.
Lets break down the chart
It is key to understand the state of the market at the moment to understand where we possibly could be heading to.
In February 2024 CRYPTO:BTCUSD made an impressive impulsive move reaching as high as 73K
This was followed by a healthy relief or pullback, rejecting at 3 different incidents around the GETTEX:52K region.
As of this snapshot, it had broke out of the descending trendline and escaped the wedge.
This chart pattern is known as a falling wedge pattern and is a sign of continuous movement of price.
We were aware that around GETTEX:52K there would be an strong area of rejection as shown in the image just underneath (a) we have an institutional candle present.
We can see a very strong rejection candle just above (b) (Notice how long this wick is and the direction it closed).
At (c) we get a more definitive confirmation as price had broke the long awaited $60K region displayed in white and retested following another long wick rejection.
These indications and conformations from this technical analyse suggest there is still more bullish movement ahead. My price target is for short term is just under 80K
Remember you can easily play this game even if you are a noob !!
Bitcoin idea do not follow my advice im a noob
i dont even trade bitcoin, just doing this fro practice brah
BITCOIN Poised Bollinger Band Bottom 4 Fast Break of 73,000
BTCUSD price a bit choppy the last few hours but only because of the triple top system its traversing to ultimately break above.
Price is situated at the bottom of Bollinger Bands and it looks bullish to me for a fast move up now past 73,000 and break out into new space very explosively.
Bull Market Begins NowFor several years now, I've been tracking variations of this chart, and Bitcoin's adherence to its four-year cycle remains striking. Every bear market, people speculate that the cycle has been “broken,” yet Bitcoin consistently follows its historical trajectory, nearly to the day. This pattern isn’t directly impacted by external events but is subtly shaped by the U.S. macroeconomic landscape, which can either dampen or amplify its moves.
From each halving, we typically see about 154 days of consolidation before Bitcoin breaks the all-time high of the previous cycle. Technically, we did breach the previous high briefly due to ETF-driven news, though it was just a wick. Now, we’ve just tapped that previous all-time high again, but it’s possible we’ll need to cool off and consolidate until the election before we see another major move. During this time, Bitcoin dominance (BTC.D) tends to rise for another month, after which we often witness a significant rotation into altcoins as “old money” seeks higher volatility. With the upcoming election and the possibility of a Trump victory, there’s likely to be renewed enthusiasm and optimism for crypto markets.
Potential flat pattern The unconvincing structure of this correction overall has me wondering if it's not going to decline in 5 to make a flat. It's definitely possible. As shown with the channel slope, it's clearly a sideways pattern, but the current advance is unconvincing as the start of a 5th wave, or return to the larger degree upwards trend, certainly from an Elliott view.
It would still be well within the parameters of "the right look" for the 4th wave of an impulse, with potential termination points just below the base channel shown in blue.
Something to be aware of.
If it goes well beyond 105% retracement of the labelled (a) wave decline (in other words a new ATH), and starts to make only corrective pullbacks from there, then this idea is likely dead.
But the longer it struggles to make that push through the resistance, the more it is susceptible to a dump. Let's see how these come together with the volume, and if buying dries up. At this level, sellers could easily be offloading gradually, and if buyers do dry up, the sellers could spark a bigger dump. "IF" - let's see.
