BTCUSD.PI trade ideas
BTCUSD Bearish view BTCUSD is looking for a short term reversal from the mentioned area.
Trade with Sl after the reversal confirmation.
Setup is shared only for the educational purpose only.
BTCUSD BUY ANALYSIS AT SUPPORT ZONEHello trader, What do you think about BTCUSD? Here on btcusd price has just made a support and have retested support around line 72079 so and is likely to move up and more buyers are pushing the price so go for LONG is expected with target profit of resistance level. Remember to like and share your thought on comment!
BTC/USD BULLISH ALERT_ Chart Analysis:Bullish Momentum: The chart shows a strong bullish movement (highlighted by the green box), where Bitcoin moved up with solid buying momentum.
Symmetrical Triangle Pattern: After this rally, BTC entered a consolidation phase, forming a symmetrical triangle. This pattern often acts as a continuation signal in technical analysis.
Key Levels to Watch:
Upside Breakout: If BTC breaks above the upper boundary of the triangle with strong volume, it could indicate a continuation of the bull run, potentially leading to new highs.
Downside Break: If BTC falls below the triangle, it may suggest a short-term pullback before possibly resuming upward momentum
Flag Breakout & Fibo ProjectionBased on the flag breakout price projection, we observe the following trend:
Oct 2023 - March 2024: Formation of the flagpole
March 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618
With the flag breakout anticipated by the end of Oct 2024, our projections are as follows:
Fibonacci target: $100,042
Flag breakout projection: $110,353
This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.
BTC and ALT coin Buy Sell Indicator. BTC and ALT coin Buy Sell Indicator, based on a custom RSI that shows you the areas to buy and sell BTC, ALT coins and other stocks an commodities. Macro scale
BTC Buy and Sell ChartBTC Buy and Sell Chart based on a custom RSI. Know exactly when to buy and when the seell BTC, apply the custom indicator to any asset.
BTC bullish signsBitcoin looking quite bullish on the 1W.
-RSI finding support and sustainable beakout
-breakout of bearish trendline
Daily chart also promising.
-blue band broke out of the 200d-SMA
-blue band acting as support
All in all very bullish outlook. But there still is more strength to be prooved.
BTCUSD Eyes New Highs Amid Bullish MomentumHello,
BITSTAMP:BTCUSD is currently pushing toward new highs, testing the previous 1-year peak at 73,835.57. Elevated selling pressure appears to be emerging, likely as a short-term response. However, all signs point to continued bullish momentum in the medium to long term. Setting a trailing stop loss is advisable at this stage. If the price consolidates above the 73,835.57 high, further upside is likely; if not, we may see a retest of the 1-week/1-day pivot points.
TradeWithTheTrend3344
The 2-year MA multiplier for bitcoinThe 2-Year MA Multiplier is intended to be used as a long term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns. ...
Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns.
Bitcoin (BTC/USD) on the 4-hour timeframeBullish Scenario: If Bitcoin manages to break above the key resistance zone of $74,000-$75,000, it could confirm a continuation of the uptrend, targeting the upper boundary of the channel around $78,000-$80,000. Strong bullish momentum would need to be sustained, with RSI and MACD confirming the move.
Pullback and Consolidation: Given the overbought conditions on the RSI and Stochastic RSI, there is a likelihood of a short-term pullback towards the $70,000-$71,000 zone or even down to $66,000. If this occurs, maintaining the lower boundary of the ascending channel will be key for sustaining the bullish outlook.
Bearish Reversal: A failure to hold the support levels, accompanied by bearish divergences in momentum indicators, could indicate a potential bearish reversal. In this case, the price could retest key lower supports near $64,000 or even the 200 SMA.
Short-Term Strategy: Monitor the resistance zone of $74,000-$75,000 closely for signs of a breakout or rejection. If Bitcoin breaks this resistance with volume and strong bullish confirmation, it could be an opportunity to go long.
Caution on Overbought Levels: Watch for potential consolidation or minor pullbacks to key support zones, given the overbought readings on RSI and Stochastic RSI.
Election Day Impact: Be prepared for increased volatility leading up to and after Election Day, as this could lead to sharp moves in either direction.
$BTC Hyper Bull CloseupHyperbull is a new phrase, spawned from the depths of the Micro Strategy NASDAQ:MSTR
Get ready for a wave of HyperBull
BTC - Cup & Handle pattern - 1W - Next Target 118,000BTC completed its Cup & handle pattern, its RIGHT TIME to buy at the breakout of Cup neckline as described in the entry level, Super Bullish environment.
Entry, Stop loss & Take Profit are mentioned in the chart.
Happy Trading
Bitcoin All Time High PushWe analyze #bitcoin as we continue to knock on the doors of all time highs(ATH). I have two separate scenarios that could play out and am prepared to take advantage of either one!
BTC to 106kYou must trade fractalas to know where we going!!, check the movement and wheres the final target!!!
Smalle sell in running up BTCBased on a 15m FVG months ago I expect a reaction form these levels.
It's a small risk and a big RTR, but I will mut my SL to BE fast after (and if) the market reacts.
Bitcoin’s breakout above $73,000, target of $75,000 to $77,000Here's a technical analysis based on your Bitcoin (BTC/USD) chart:
1. **Current Price and Key Levels**:
- **Current Price**: Bitcoin is trading around $72,595.
- **Breakout Level**: The price recently broke through the $73,000 resistance level, indicating a strong upward momentum.
- **Support Levels**: Key support levels are visible around $66,593 and $54,896.
2. **Trend Analysis**:
- Bitcoin is in an uptrend channel, with higher highs and higher lows forming.
- The breakout above the $73,000 resistance signals potential bullish continuation.
3. **Target Levels**:
- **Short-term Target**: Based on the channel and breakout, the next target range is around $75,000 to $77,000 .
4. **Stochastic RSI**:
- **Current Stochastic RSI Level**: The Stochastic RSI is around 67.25, showing that it is nearing the overbought zone.
- If the Stochastic RSI enters the overbought zone, it may indicate a potential pullback or consolidation.
5. **Volume**:
- The net volume is relatively low, suggesting that the breakout might need more volume support for a sustainable uptrend.
Summary :
Bitcoin’s breakout above $73,000 indicates bullish momentum with a possible target of $75,000 to $77,000 . However, watch for overbought signals in the Stochastic RSI, which may indicate a pullback. Maintaining support above $66,593 will be crucial for the bullish trend to continue.
BTC USD UpdateWe have taken all profit targets except for the main one. We have a magical moment ahead. Let's see how it plays out!
Bearish ThoughtsLooking at the log regression, it dawned on me that every time that BTC has come down to the bottom of the red channel, it usually didn't have the juice to pop back up.
I think 33k might be in play, top of the blue channel.
Alternatively, bouncing off here can save the bullrun. But in this global climate? I'm not so sure.
Holding steady, but cash ready.
Bitcoin testing 71-73kBitcoin testing 71-73k
There's a lot of excitement around Bitcoin potentially testing the $71,000 to $73,000 range.
Analysts are seeing bullish signals, with market sentiment leaning towards optimism. The Fear & Greed Index is also indicating a high level of greed, which often precedes upward price movements.
