BTCUSD.PI trade ideas
BTC long setupI was really wanting to short the highs on btc but perp longs just didn't stop coming in and the constant pushing made it almost imporssible to hold a short. I gave up on it. Woke up to see btc looks pretty bad now. the volume is very telling. Lots of selling happening. On the 12h chart you can see a very nice and clean FVG. Tap that and i will look for longs.
Bitcoin (BTCUSD): dip was bought, but no green light yetFollowing up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded.
From a technical perspective, we remain within the confines of the long-term bullish flag pattern.
A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up.
Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.
To be continued..
Bitcoin (BTC): Smaller Breakout, Possible Re-TestBitcoin made a big volume breakout from smaller resistance, where on a new weekly open we are seeing some kind of weakness kicking in (after a test of the major resistance zone near ATH).
Ideally we should see some hovering near current zone and then a nice rejection which would put price back below that blue zone of re-test.
Swallow Team
Long Term Price TargetsWhen in doubt, Zoom out!
Long term we all know BTC is bullish. Just hold and wait for 4 or 5 years after your entry price. You will out perform every other market.
SPY/QQQ Plan Your Trade For 10-21: Gap Potential PatternToday's pattern suggests an opening price Gap is likely. Given the markets are trading slightly lower this morning, this Gap potential plays very well with my Roadmap trading outline from last week. I highlighted the need to sell out of positions last Friday and look to buy into the Gap Potential pattern today.
If the markets rally off this opening gap pattern, we could see a nice move in the SPY up to 587-588+.
Gold and Silver are rallying again. But be aware today is a TOP pattern for Gold/Silver. That means both Gold & Silver will attempt to identify resistance and move away (lower) from that resistance level.
Bitcoin looks to have moved into the Ultimate Peak level on an intermediate-term Excess Phase Peak pattern. Additionally, the deeper low sets up a longer-term Excess Phase Peak pattern that suggests Bitcoin has entered the Consolidation Phase (#3).
Because of this, I suspect Bitcoin will fall below the FWB:67K level and potentially move into broad consolidation for a minimum of at least 5-6 weeks.
These Consolidation phases in longer-term Excess Phase Peak patterns can be brutal for traders. The volatility of these consolidation phases can present real challenges and last about 50% of the time it took to Flag. Given this information, we may see many weeks of consolidation within a range in Bitcoin - possibly lasting into December 2024.
This will be a tough week for traders. Try to stay aware of the bigger picture and play the rotation headed into next week.
Get some.
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BTC/USD Approaches Critical Resistance: Breakout or Pullback?Based on the BTC/USD chart, the price is approaching a significant resistance zone near the ATH (All-Time High) at 73,814. A breakout above this level could lead to a strong upward movement, with potential targets at 76,377 and higher, possibly reaching new ATH levels around 90,000 and 100,000 USD per Bitcoin.
However, if the price faces resistance at this zone, a pullback could occur towards the first support area around 64,905 (pivot line). Should the decline continue, the next support levels are at 62,407 and 59,944, with a stronger correction likely if these levels are breached.
Key Levels:
Resistance Area: 73,814 (ATH), 76,377
Support Areas: 64,905, 62,407, 59,944
Potential Demand Zone: 52,791
Directional Outlook:
Bullish: A breakout above 73,814 could signal a bullish rally toward 90,000 and 100,000.
Bearish: A failure to break through the resistance at 73,814 may result in a pullback toward the support levels, with 64,905 being the first target.
In summary, the current trend is bullish as long as BTC/USD remains above the pivot zone, with strong resistance ahead. A breakout will be key for further upward momentum.
previous idea:
BTC Has Bearish DivergenceWe have had conspicuous bearish divergence with overbought RSI during the climb from $67,000 to $69,000. No surprise that we are seeing a pause or retrace before an attempted move above $70,000, which is the key level.
It is likely we will see hidden bullish divergence if price stays here or goes lower - a lower low on RSI and a higher low on price, which would cancel the bearish divergence.
BTCUSD levelsBTCUSD levels for myself
BTC/USD trend analysis involves examining price movements of Bitcoin relative to the U.S. dollar. Analysts use technical indicators like moving averages, support and resistance levels, and chart patterns to identify trends. Key metrics include volume, volatility, and market sentiment to predict future price action and potential breakout or reversal.
Weekly BTC UpdateDate: October 19, 2024
Bitcoin has maintained relative strength above 65,000 USD, but has been unable to decisively break above the 70,000 USD psychological resistance. The market is clearly respecting liquidity pockets and major order flow zones, which continue to play a pivotal role in the market's direction.
Resistance:
- 69,000 USD and 70,000 USD (40% of Order flow) - significant short-side liquidity will be collected if those levels get broken down
Support:
- 65,000 USD (Local support) and 62,500 USD (Strong Support):
Elliot Waves:
- According to EW theory there shall be finishing of Wave 1-5 cycle
Strategy Outlook
- Bullish Scenario: A strong move above 70,000 USD could trigger a rapid push toward 74,592 USD, especially with the order flow concentration there. A break above this could lead to new highs, with minimal resistance above.
- Bearish Scenario: Failure to break 69,950 USD could lead to a rejection and a correction back to the 65,000 USD support, especially if the A-B-C correction plays out. Breaking 62,500 USD would signal deeper weakness and likely invite more selling pressure.
Btc / UsdtBITSTAMP:BTCUSD
It's Simple Cvd Divergence Won't Hold that Support Level 65k Soon
Disclaimer : Not Financial Advice
Bitcoin - The return of Trump, the rise of Bitcoin?!Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement
Capital withdrawal from Bitcoin ETFs or Risk Off Sentiment in the US stock market will pave the way down for Bitcoin, which can be found in the two defined demand zones, looking for Bitcoin buying positions
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market, and compliance with capital management in the cryptocurrency market will be more important
$BTC back below $60k before the election?CRYPTOCAP:BTC has been consolidating in a series of lower highs ever since the March highs. Everyone is extremely bullish here calling for new highs by this week or end of year. I've seen multiple people on Twitter share that they market bought $100,000k+ of BTC in the last week.
I don't think the trade is going to be that easy and the chart is shaping up to have a similar view.
If we look at the chart, you can see that price is rejecting off of the upper trend line from both the larger structure as well as the smaller channel inside of that larger structure. Unless price can break above those levels, I think price is most likely to head down from here.
I know everyone's downside targets for a pullback are in the $63k-67k range, but the chart tells me that we should see lower. My base case from here is that we get down to the two lower supports at $54-56k, but I'm open to the possibility of a bounce at $59k.
I'm not shorting here this move. I never short crypto. I'm just sharing this view to provide a better entry for those looking to get in the market and establish a new position, or to prevent those from losing money (especially leveraged positions) on the move down.
I'm still of the view (as of now) that this move will be the start of a larger move down, but I'll wait to share more on that after this pullback plays out (if it does).
Bitcoin (BTC) Price PredictionBitcoin (BTC) Price Prediction--By continuing the crossing points of the two past ceilings, the price in different cycles makes the target shown in the figure available
BTC USD IdeaWe were really hoping to see the price cruise through the 70K target, which would have turned the previous bearish range bullish. However, the market maker has taken lout last week's high, and we're now seeing a bullback . My ideal scenario is to enter the mid-range, fill all the gaps from last weeks price action , and leave last week's low in place. This would be also a discount zone at the current range, where I can safely start adding scalps and swing long positions. While this is my ideal plan, let's see what actually happens. For now, I'm scalping through my important levels and observing how things play out.
$BTC Breakout bull flag!#Bitcoin weekly bull flag formation broke upward.📈
After successful retest phase, CRYPTOCAP:BTC target is $100k!
October 18 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
It is continuing to move sideways in an upward direction,
and the MACD dead cross on the 6-hour chart has been released,
so it seems important to move until 9 o'clock soon.
At the bottom left,
Yesterday's 17th analysis article Long position entry section Purple finger 66942.5 dollars
I connected it to today's strategy as it is.
*One-way long position strategy when the red finger moves.
1. 67766.5 dollars Long position entry section / Stop loss price when the green support line is broken
I marked the 1st section (68.1K) with a purple finger at the top.
If you break through the first section right away, it is an upward trend.
If you touch and adjust down, 67.7K long position best.
If you adjust right away without touching the first section from the current position,
The final long wait is at the bottom at section 2 at 67,512 dollars.
2. 68,808.5 dollars long position 1st target price
After that, it seems advantageous to operate with a focus on long positions without operating a short position separately.
I have indicated the final target price from Good -> Great -> Miracle.
On the other hand, if the green support line breaks away today,
it may fall strongly,
but since it is a 1+4 section to the bottom, it will be an upward sideways correction,
and it may be pushed down to 3 -> 66,406.5 dollars by the weekend,
so please note.
In that case, it will take more time to reach 100 million this weekend or next week.
The most important thing is Nasdaq, right?
Up to this point, I ask that you simply use my analysis for reference and use only
I hope that you operate safely with principle trading and stop loss prices.
Thank you for your hard work this week.
Thank you.
Bitcoin: a channel to higher groundsAlthough BTC was struggling to choose the trading side during the last three weeks, still, the previous week brought some breakthroughs, revealing current market sentiment. As per some analysts this final break was impacted by the increased odds that the US Presidential candidate Donald Trump might win the US elections in November. The market reacted in a positive manner considering his pro-Bitcoin notes in the election campaign. However, this narrative should be taken with a precaution, considering that the US government is also increasing spending, adding new cash flow to the markets, mostly reflected in the US equity markets. So, the real reason for BTC moves is most probably somewhere in between.
BTC started the previous week around the level of $63K and swiftly moved to the higher grounds. The highest weekly level reached was $68,7K, where the coin was testing the $68K resistance line. At the same time the RSI reached a clear overbought market side, from where a short reversal might be expected in the coming period. The moving average of 50 days started its modest convergence toward the MA200, but there is still space between two lines, in which sense, a potential cross is still on hold.
BTC had a strong move to the upside during the previous week, which was a positive for this coin, as it showed the clear path where it is headed within the following period of a few months. Still, considering that it reached a clear overbought market side, it is increasing probability for a short term reversal in the coming week. Previously, the level of $ 65K has not been tested at all, hence, BTC might spend a week ahead by testing this level. Still, a return toward the lower grounds is currently not indicated on charts.
BTCUSD 30m previewICMARKETS:BTCUSD they hold the support from the previous two days and as long as they are above this strong support zone, I expect an upward move
66K support as the 1st chance to buyMorning folks,
So, the journey to 68-69K target is over. Daily AB-CD is completed, right at the trendline resistance on weekly/daily time frame. This target agrees with intraday XOP of our reverse H&S.
Since BTC has its own driver - D. Trump promises to make America BTC great again - this lets it to move against the wind, together with gold. But drivers are different.
Now we're watching for pullback to 66K support area first. This is the first area where potentially market could turn up again. Next upside target is 70.35K.
BTC - The Fall Is Now HappeningLiquidity has been taken out at 69000. We also have a liquidity trendline that needs to be pierced and then price will continue falling as anticipated. We are targeting 66 650.
Bitcoin Massive Bullish Signal CONFIRMEDAlright, so let's discuss what happened. Take a look at the chart below. It's Bitcoin's weekly chart containing the Ichimoku indicator.
The Ichimoku Cloud is a comprehensive technical indicator. It consists of several elements. Here are the ones that are important in this case: Tenkan-Sen (blue line in the chart), Kijun-Sen (red line in the chart), and Kumo (green and red cloud in the chart).
In general, the Ichimoku indicator can deliver various signals.
However, one particular signal is typically considered the strongest and most reliable.
For the bullish version of this signal, you want the Tenkan (blue line) to cross above the Kijun (red line). Additionally, you want that cross to happen above a green cloud.
Guess what? This is precisely what happened with yesterday's weekly candle close.
This signal last flashed in October 2023 (!!), and we all know what happened after that. Bitcoin pumped 150% to 73k.
Therefore, it looks like all engines are on and ready to go.
Nevertheless, remember: Signals on the weekly chart are highly probable, but they need time to play out. The signal might not lead to an immediate price increase, but it could lead to a substantial and sustainable one.
