BTCUSD.PI trade ideas
BTC - 66 650 Target HitWe have successfully reached our 66 650 target. The liquidity trend line has been taken out nicely as anticipated. Price will now retrace before it continues to fall.
BTC will be falling is the long-term.
Patience is key!!!
BITCOIN (BTCUSD): ATH Ahead! What is Next?As I anticipated, the value of BITCOIN continues to rise.
When looking at the daily chart, we can observe a clear bullish breakout above a resistance line from a previously declining trend, indicating a strong signal to follow the trend.
It appears that the price is poised to test its all-time high levels in the near future, given the overall bullish trend.
If the price successfully surpasses and holds above the all-time high, we can expect BITCOIN to soar even higher, marking the beginning of a bull market. Caution is advised!
What is the best Proxy to BTC during a bull run....As Bitcoin continues goes mainstream, from Bitcoin ETFs, to El Salvador, the first nation to adopt Bitcoin as legal tender, steadily adding to its Bitcoin reserves every day since March 16 2024.... The question remains, what are some of the best Proxies to Bitcoin...
This chart shows a few stocks trading as proxies to Bitcoin.
Bitcoin Faces High Selling Pressure at $69.5KEven though Bitcoin couldn't break $70K, the outlook remains optimistic.
Our analysts suggest a potential correction to $65.000, an important area of value supported by dynamic resistance on the daily chart.
This correction, however, is seen as a healthy reset rather than a cause for concern, particularly as stochastic indicators suggest a favorable setup in the near future.
What Should Traders Do?
For those holding Bitcoin in spot markets, the advice is simple: stay calm.
Any correction is viewed as a buying opportunity for those with a long-term outlook.
Leverage traders, however, might want to exercise caution.
With the market expected to remain volatile in both directions, it’s a risky time to be trading on margin.
Bitcoin Futures Hit $40.5B—Big Move Coming? #BTCBitcoin is primed for a big breakout as open interest in BTC futures just hit an all-time high of $40.5 billion! This shows that the smart money is piling in, and volatility is about to spike. 📊
Key Trends to Watch:
Institutional Interest Growing: CME leads the futures market with 30.7% of total open interest, followed by Binance. Institutions are making their moves, and you should too. 💼
Support at $69,000: BTC tested the $69K resistance but couldn't break through. Will it take a 2nd attempt? Many analysts say $70K+ is in play once this level cracks.
On-Chain Signals: Bitcoin supply on exchanges is at a 5-year low, signaling fewer sellers and potential upward pressure. 🛑
Key Catalysts Ahead:
U.S. Election Optimism 🗳️ —Markets love clarity, and any positive news could give Bitcoin the push it needs.
ETF Momentum 📈 —Spot BTC ETFs are seeing major inflows, hinting at increased demand from institutional investors.
Potential Scenarios:
🚀 Break above $70K: We could see a rapid run toward $75K.
📉 If rejected, strong support sits around $63K, so this could be a good pullback opportunity.
What are your next moves? Follow closely, because volatility is knocking! 📉📈
BTC needs to hit at 67000 for volatility to reverse the trend It's the "Idea" section, so, by, definition does not state truth or fact, nor goes beyon personal opinion, and thus represents only a vision of a variable. Just wanted to share a detail or two, maybe it'll help you out, maybe not.
61433 -> 62984 -> 65510 -> 68236 -> 67649 + 69343 -> Spring is loading?
I noticed rapid buyback zone as of recently, with mediane at 66644.
We're currently above "spicey" 65429, where BTC performed coal dancing since 02 of April, gradually spinning around this level for 7 moths, revolving steadily. I've also noted that BTC has tried to swing around 69649 6 times already, failing to hold grasp. This is the 7th attempt so far, and that's curious - last 6 attempts happened in the last 6 months. Last time this happened 3 years ago, in 2021. Anomaly.
ATL's since April were 49731 -> 52559 -> 58857: they're growing steadily, with 58857 been a troublemaker and forming a strong buyback zone, aprox 2500 pp wide from under the 55614.
Charlim sucks, TL;DR - price is overheated, but in a different way. Seems like a process of loading the spring before it hits "release" point and enters the expansion cycle. It has to hit |67065 ~ 66500| for volatility to spike up enough for reversal in trend. Meh. At 68k it'll be able to break out bull, but that's meh x2.
BTC will have hard time crashing back to 58k, since, that's where the last ATL's are, which tells about hard resistance level.
Be aware: crypto is not the place for precice TA, one flash crash and the trendline is done.
Vary your TP/SL according to the individual risk tolerance.
VOLUME = MONEYPlace your bets, BTC is at a critical point. Any strong volume here showing buying pressure will continue this strong monthly uptrend.
That being said, if no buyers come in here we will see most likely a multi week fall over the next couple of weeks at least.
Short term signals should give a good idea as to the direction this will take. I think the odds of this going higher are much better than it failing to trade above the channel. Well see in the next week or two what that will be.
Once a direction has been established, you trade the trend. Good luck!
Chart Idea - BTC Potential Bull Market TargetI have rarely seen a cup and handle created on weekly this beautifully. Acc to this cup n handle pattern, the TP is coming around $290K. I personally will start booking profits once the monthly RSI hits around 90. Bearish divergence on weekly will give further confirmation to start selling in big chunks. It doesn't matter what the price would be and what the month in that cycle would be. IMO, it will be around 3rd or 4th quarter in 2025. Let's see
Not a financial advice!!
#BTC important BreakoutFirst sign for a Crypro-Bullrun.
Im expecting the price + blue-line to dance around with the green SMA for quite a while. This time using the SMA as support instead of resistance.
When Price pushes to the upside, leaving the SMA and blue line behind, BTC could go crazy.
BTCUSD hit the 1hour MA200. New rally if it holds.Bitcoin / BTCUSD hit the 1hour MA200 on today's strong correction.
So far it is holding and is on the 5th candle in a row of support.
As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th).
The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a bullish signal.
Buy and target 71000 (+6.70% at least).
Previous chart:
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BTCUSD: Broke above the 7 month pattern and turned bullish on 1WBitcoin just turned bullish on its 1W technical outlook (RSI = 56.534, MACD = 2298.400, ADX = 20.606) as it crossed over the top (LH) of the 7 month Bearish Megaphone. This is a major bullish breakout and the only one remaining is the R1 level (70,000). This is practically the reason of today's pullback because the price is being rejected just under the R1 level. Still, there is no cause for concern as since Sep 20th, Bitcoin has crossed and sustained trading above its MA trendlind, a sign of a trend reversal.
Furthermore, the Bullish Megaphone that started on the November 2022 bottom just formed a Bullish Cross on the 1W MACD and with the support of the 1W MA50 is now looking to establish the new bullish wave. If similar rallies like the previous waves take place, then Bitcoin can target 100k at least (TP = 100,000), even as early as January 2025.
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is going up or down?We recently finished a bull flag, now there is a bear flag pointing to 63K, at the same time we can see a new formation, a possible megaphone tat could continue the uptrend over 70K.
Btc Cart before the LamboIF, BTC breaks and closes below the smaller circle, the trip down to the Low 60K area will a mine field.
The bears are looking to feast if this happens.
BITCOIN ALERT!Bitcoin Trade Analysis: Why BTC Could Keep Rising
I just entered a trade on Bitcoin (BTC) at $68,780 with a stop loss at $67,379 and a take profit target at $70,200. Here's why I believe Bitcoin will continue its upward trajectory:
Bullish Technical Indicators: The MACD (Moving Average Convergence Divergence) indicator has recently flipped bullish, signaling a renewed upward momentum1
This bullish flip is similar to previous rallies, suggesting a potential breakout above $70,0001
Market Sentiment: The Crypto Fear & Greed Index is in the "greed" zone, indicating strong market optimism2
This positive sentiment is driving increased buying interest.
Institutional Interest: Recent reports show heightened institutional interest in Bitcoin, with significant inflows into BTC-spot ETFs3
This institutional support is a strong bullish signal.
Economic Factors: Speculation about potential interest rate cuts by the Fed and positive political developments (e.g., pro-crypto candidate leading in US election polls) are boosting market confidence1
With these factors in play, I'm optimistic that Bitcoin will reach my take profit target of $70,200. Let's see how this trade unfolds!
BTCUSDEvidence! Evidence!! Evidence!!! Come get this SAUCE!!!! This was a called move!
_SnipeGoat_
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Bitcoin daily high is just around the corner,The daily wave confluence has reached its peak, and the upper order block highlights resistance, but any drop should only be a minor correction within the bullish trend. COINBASE:BTCUSD
BTC Analysis: Waiting on the Next Move – $67,226 Bounce or Back Alright fam, here’s the scoop – BTC could pop up to $67,226 from here, but if not, we might dip back to $66K for a quick reset before heading higher. If things get dicey, we could slip to GETTEX:64K – and worst case, it drops even lower.
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Trade What You See
BITCOIN WILL BE IN SELLING PRESSURESame as the gold as I highlighted in 2021,now BTC forming a same cup & handle pattern.
It might reach 46k - 52k level before take off to the new high.Other support level also need to be consider before reach at this bottom.
BTC, will it fall further or parabolic?I was going to talk about the 3hr and 9 hr chart collision in the blue box. Making note if BTC can hold this area a push higher is looking good. BTC had other ideas.
So, at the time of creating this Idea 11 am eastern UTC4,
The Circle is the area to keep an eye on .. it has 2 powerful convergences.
This 1 hour chart has the support at the 200 / 233 SMA's.
The green Flag is the area of the 40 sma on the 6 hr chart.
If the fall continues there is not much below it too slow down into the 50k region.
I was just a bit early with my previous thoughts of the pull back.
Thought for the day: Trade with a plan and follow it or get a new plan.
Bitcoin buy 67100After strong run up bitcoin declines to test blue support SCD band on 4 hr chart
This is first decline and it’s always a buyable event
Buy 67100 let’s see if buyers will push price to test top Bolinger on 4 he and area in the middle first.
