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BTC Inverse Perpetual Futures Contract

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BTCUSD.PI trade ideas

Weekly cup and handle showing its true face1. Cup and Handle Pattern The large white arc indicates a potential Cup and Handle formation, a bullish continuation pattern. This pattern usually suggests a potential breakout if confirmed. The cup forms after a rounded bottom, while the handle forms as a consolidation after the initial rise, often before a breakout. The price action to the right, after the cup, suggests the handle formation with consolidation occurring between $60,000 - $70,000. 2. Support and Resistance Levels Multiple horizontal lines of different colors (green, yellow, red) highlight key support and resistance levels: Support levels seem to be around $59,000, $60,000, $61,000, and $62,000. Resistance levels around $66,000, $67,000, and higher, with the current price at $66,770. The chart shows a clustering of price activity around these levels, indicating significant market reactions (buying and selling) at these points. 3. Trendlines The blue descending lines indicate a downtrend or correction after the local high above $66,000. However, the price has broken above this trendline, which might suggest a potential reversal or continuation of the bullish trend. This breakout from the downward trendline supports the bullish case for a further price rise. 4. Indicators Moving Averages (MAs): The chart includes what looks like a moving average (green line), which seems to be supporting price action. The moving average is following the general uptrend, which could indicate a bullish momentum. There are blue dots placed on key points along the price chart, possibly indicating buy signals or moments when the price crossed significant thresholds, such as moving averages or support/resistance levels. 5. Volume and Momentum Although the volume is not directly visible in this screenshot, the pattern’s significance, combined with breaking key resistance levels, suggests increasing buying momentum. 6. Price Targets If the Cup and Handle pattern plays out, the price target could be significantly higher than the resistance at $67,000. Typical cup and handle breakouts measure the height of the cup and project that upwards, which could push BTCUSD toward new all-time highs. 7. General Sentiment The overall sentiment appears bullish, as indicated by the potential Cup and Handle formation, breakout of the downtrend, and the strong support levels holding up the price. In summary, this analysis suggests that BTCUSD is testing significant resistance at $66,770. If the Cup and Handle pattern is confirmed and the price breaks above $67,000 with strong volume, it could signal a continuation of the bullish trend toward higher price targets. However, if the price is rejected at these resistance levels, a retest of support around $61,000–$62,000 is possible.
BITSTAMP:BTCUSDLong
by Btuqamachi7
Bitcoin (BTC/USD) on a 4-hour timeframeBearish Scenario : If the price fails to break the upper boundary of the descending channel and the small triangle pattern breaks to the downside, we could see a retracement toward the mid-channel area of $64,000, with further downside potentially extending toward the lower channel boundary around $53,000. This move would align with the weakening indicators, such as the RSI and MACD, which are showing signs of bearish momentum. Bullish Scenario: On the other hand, if the triangle pattern breaks to the upside, Bitcoin could retest the upper boundary of the channel around $68,500 - $69,000. A decisive breakout above this channel would invalidate the bearish channel pattern and could set up a potential move toward the $70,000 - $73,000 levels, provided that buying volume supports the move.
GEMINI:BTCUSD
by Stoxello
BTC&ETH Oct. 25 Options Data63,000 BTC options expired with a Put Call Ratio of 0.66, a Maxpain point of $64,000 and a notional value of $4.26 billion. 403,000 ETH options expired with a Put Call Ratio of 0.97, a Maxpain point of $2,600 and a notional value of $1.02 billion. Today is the monthly cryptocurrency delivery, with Bitcoin oscillating high and one step away from new highs, while Ether is instead struggling near new lows for the year, with the rate already at a new low since 2021. This year's October market is less than expected, the next main line of the market is the U.S. election, and now the BTC flat IV on November 8 is stabilized at 55%, which is perfect for building a position against the U.S. election.
BITSTAMP:BTCUSDLong
by Greeks_live
Elliott Wave View: 5 Swing Sequence in Bitcoin (BTCUSD) Favors HShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests that rally from 8.5.2024 low is in 5 swing. As 5 swing is a motive sequence, this favors further upside in Bitcoin. 1 hour chart below shows the decline to 58,867 ended wave 2. The crypto-currency has extended higher in wave 3 with internal subdivision as a 5 waves impulse Elliott Wave. Up from wave 2, wave (i) ended at 63,455 and pullback in wave (ii) ended at 62,039. The crypto-currency extended higher in wave (iii) towards 67,922 and pullback in wave (iv) ended at 64,802. Final leg wave (v) ended at 69,487 which completed wave ((i)) in higher degree. Pullback in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 66,559 and wave (b) rally ended at 67,784. Bitcoin then extended lower in wave (c) towards 65,000 which completed wave ((ii)) in higher degree. The crypto-currency has extended higher in wave ((iii)), but it still needs to break above wave ((i)) at 69,487 to rule out a double correction. Near term, as far as pivot at 58,867 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
BITSTAMP:BTCUSD
by Elliottwave-Forecast
BTC's Downturn Started XAUUSD Technical Insight (H4) Market Analysis: A pivotal Bearish Order Block (CHOCH) has formed after several BOSES, decisively reversing the trend's trajectory. The Point of Interest (POI) serves as a robust resistance level, sparking instant reversals confirmed by Morning Star candle patterns. A substantial Fair Value Gap has also been identified at the CHOCH. Trade Setup: Set Stop Loss (SL) above the Order Block Take Profit (TP) positioned upto the previous Lower Low Sell Entry Zone: 68200_68250 Take Profit1: 67000 Take Profit2: 66000 Take Profit3: 65000 Stop Loss: 69200
BITSTAMP:BTCUSDShort
by LeonardoTrader9t9
BTC, everybody knows about the bullflagHello everyone, today I want to talk about the obvious fact, that BTC is in a big bull flag, since it formed the 74k high. But the way how it moved out of the lowest point of that flag isn't impulsive at all unfortunately. There is only a three wave move, followed by some more choppy price action, so to trade it safe, we need more confirmation. I added some support levels (orange) and a trend line (green) to the chart. If you like to follow my thoughts I will talk about the development of the price action within that bull flag in the upcoming weeks.
COINBASE:BTCUSDLong
by Kyrean
3
Bitcoin Weekly to Four Analysis: Everything To Know Good morning Trading family So I created this video to figure out where we are currently at in Bitcoin in price but as well what levels can Bitcoin reach currently and what happens if Bitcoin reverses with the Bears I try to go into full depth to give you some levels to look for to help you mark out good entry or short positions if you are shorting Bitcoin If you like this video or found it helpful : like, comment, follow, boost I appreciate it all Mindbloome Trading / Kris Trade What You See
MARKETSCOM:BITCOINLong
by Mindbloome-Trading
10/23 5th time BTC rejected from 70k. Bullish? Overview: The AMEX:SPY saw a healthy pullback of 0.9%, with a long wick touching levels last observed on September 26th. The index trended downward from the start of the trading session but rebounded sharply in the last two hours, doubling the volume seen earlier in the day. This surge formed a hammer candle—a bullish indicator, particularly when accompanied by increased volume. Existing home sales in the U.S. dropped 1% from the previous month, reaching a seasonally adjusted annual rate of 3.84 million in September 2024, marking the lowest level since October 2010. Today, new home sales and initial jobless claims are expected, with forecasts set at 245k, slightly above the previous reading of 241k. If the numbers come in lower than expected, it would suggest the economy is not cooling sufficiently, potentially extending inflation. This decline could be attributed to a rise in the 30-year fixed mortgage rate, which jumped 14 basis points to 6.82%, the highest since July 26 and a 71-basis-point increase since the Fed’s last major rate cut. The likelihood of a rate cut in November has now dropped to 7%, influenced heavily by the Fed's upcoming reports. Given the weakening housing data, a rate cut may still be necessary to support the economy. The recent market correction has exposed different strategies among ETF managers. BlackRock continues to buy aggressively, maintaining its purchase levels even after a 5% correction, keeping its stance bullish. Fidelity has remained neutral, staying on the sidelines since the peak of the current bull wave. ARK Invest, however, bought heavily at the top but is now selling during the correction, realizing losses. In summary: BlackRock is bullish, Fidelity is neutral, and ARK is bearish. BTC TA: W: BTC is slowly forming this week's red candle, but bullish hopes persist. D: A significant correction unfolded, as the triple divergence likely completed. The day's wick dipped below $65.8k, then bounced off the 0.618 Fibonacci level, calculated from the bullish pump that began on Monday, October 14th. Despite the pullback, BTC showed higher volume and managed to recover. The final daily candle formed a bullish hammer, although the volume wasn't notably higher than the last two bearish days. As previously mentioned, as long as $62.7k holds, the bullish outlook remains intact. Drawing trendlines for BTC this year shows the current upper boundary is slightly sloped downward—forming the top of what appears to be a bullish flag. It follows a large rally, with a slight pullback and consolidation, setting up for another potential breakout. Last Friday, on the 18th, the trendline was broken, suggesting a bullish confirmation if retested. However, yesterday’s price action pushed BTC below this trendline. Of course, the trendline could be adjusted to fit the bullish narrative, but the key level to watch is $66.5k. 4h: A sharp drop occurred yesterday, but most of it was recovered in the latter half of the day. This dip seems correlated with the S&P 500’s drop. BTC lost the local point of control at $66.8k but regained it. If bearish momentum continues this week without positive news, and if BTC falls below $65.8k, the next critical support is the yearly level of $62.7k. However, this would be the fourth or even fifth time this year that BTC has been rejected from $70k. If that happens again, will there be enough bullish momentum left to hold $62.7k? The candle that bounced off the 0.618 Fibonacci level formed a green hammer with above-average volume—a bullish sign. 1h: The hourly chart shows a V-shaped recovery, an uncommon pattern in market behavior. Beyond that, no additional insights. Alts Relative to BTC: Interestingly, SOL has been rising while the rest of the market declines. Some attribute this to renewed interest in memecoins. However, popular Solana-based memecoins like WIF, BONK, and MEW are down, with only Popcat showing gains. Bull Case: BTC faces rejection at $70k, followed by a deep pullback, and the Fed decides not to cut rates in November. Bear Case: The Fed cuts rates, and BTC rallies. Fear and Greed Index: The index is at 52, continuing its downward trend this week. Opportunities : Check BINANCE:APTUSDT for a possible short opportunity. If SUI and TAO already corrected after their big pump, APT still wobbles at the top and recently posted bearish shooting star daily candle with high volume.
COINBASE:BTCUSD
by EvgenCapital