BITCOIN UPTREND MOMENTUM CONTINUESBitcoin's uptrend momentum continues, with higher highs and higher lows. If it breaks resistance, it could be heading to new highs.
BTCUSD.PI trade ideas
short if you dear! _ BTC BearsHad this line draw up for a few weeks.. Let's see what happens from here.
Short if you dear.
i mapped this harmonic a couple years ago and its playing outcould see a major drop in bitcoin before a golden bull run
Bitcoin moved its strongest in maybe 12months this week.
I think that Bitcoin will hit 100k before the end of the year. I am accumulating Crypto even as a CFD because I see the upside in the Bitcoin-price and that is still to play out, no doubt it will be when the price breakout point on the weekly charts for a Bitcoin bullish Cup and handle pattern that is 2 years old and should generate some volume and higher prices.
BITCOIN Will Go Up From Support! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 68,479.
Considering the today's price action, probabilities will be high to see a movement to 73,807.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
BITCOIN pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 64,956 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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[BTCUSD] The price action of BTCUSD on Oct 19th, 2024The price action of BTCUSD on Oct 19th, 2024
Price action go to up 100000USD/BTC
BTC Fibonacci Extensions for Impending Bull RunThe market is breaking the bearish structure on multiple timeframes. This idea is from the Weekly perspective. The Fib Extensions are pulled from the previous cycle high to swing low. These levels will be levels to watch as the macro timeframes start to heat up. The key levels to watch are the .618 extension levels for impulses and the .236-.382 for pullbacks.
Weekly RSI is nuetral around 58. RSI has tested and held above its moving average.
recent 100-150 simple moving average cross.
hold your coinpurse tight, this is a warm up.
not financial advice. do your own DD.
Thanks for looking at the idea.
$BTC NEARING BREAK OR MAKE AREABTC is currently approaching a strong resistance area in the weekly timeframe that could potentially decide where it will go in the next couple of months. Although we know that the bull market is just around the corner, the right question to ask now is "When will it start?". For me, it is still for the market to decide. But historically speaking, back in Feb 2020, the same pattern happened in BTC after a descending triangle breakout, in the 2nd week of Feb 2020, from 10.7k it crashed back to 3.7k before the bullish trend was totally locked in. This is more than -60% drop before the bull market officially started. At the moment, the lowest pull back in the price of BTC since the inception of the uptrend late of 2023 is just around -30% drop, which gives me the doubt if its really ready to push hard to the upside. Although there are fundamental factors that might be affecting the current trend, I will opt to watch a little bit more and wait for a confirmation before an All-in call. The next bull market can be a life changer, stay ready.
BTCUSDi see more long in btcusd for next week as well, i have drawn the line and explained what i see,, possible long from ob if sweep comes, im on long from 57 profit can be booked near 70 for sure. what you all think let me know in the comment.
Short-term look into the $BTC channelSo right now we have been watching btc travel thru this channel for what seems like an eternity since the halvening...if we don't push thru 69,000 i would expect to see us retest the 64k range in the near future before we retest the highs
Another disappointing BTC runSo once again bitcoin has hit the bull flag resistance...until we can push thru 69,000 with some volume....we will continue to to travel back and forth in the channel. currently the heart-line of the channel is 58,800... if we pullback to far i d expect us to at least test 62k then 59k
19-Oct-24Since seeing the bullish rejection on 11-Oct, I have been expecting price to break down on this level to access this liquidity pool (orange magnet).
Despite this bearish outlook, price has continued to squeeze shorts.
Once the weak handed shorts are squeezed out, I think that uptrend will end, allowing price to fall down to breach into the liquidity pool at the orange magnet.
We could then expect a bounce back to the lower third of price action.
Bulish elliot pattern may lead BTC to 90K!from the past of BTC chart behavior , most of btc chart moves as elliot wave ( before may 2021 and many times after that from each timeframe) and now as you can see the weekly timeframe , we can expect the last wave to complete (if the price break the downtrend line ) and after that a correction wave as ABC pattern may happen.
i think we are ready for the Bull Run BTC has broken out ?It seems that Bitcoin (BTC) is on the verge of a breakout, with many analysts pointing to October 2024 as a crucial time. After a long consolidation period, BTC is showing signs of a potential price surge, driven by various factors like institutional interest and technical indicators.
Some experts believe there may be a final dip in the short term, possibly around the $51,000-$54,000 range, before the price starts climbing higher. Analysts are watching closely for BTC to clear key resistance levels around $62,800. If it breaks through these levels, a move toward $70,000 or even $74,000 could be possible
THE CURRENCY ANALYTICS
COINTELEGRAPH
. Additionally, historical trends suggest that Bitcoin often experiences significant gains during the final quarter of halving years
COINTELEGRAPH
COINGAPE
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BTC Bullish Breakout of 2024's Parallel ChannelToday we broke out of the parallel channel that Bitcoin has been in since March 2024. Waiting for the next daily candle to close above today's high which will confirm this breakout - this will indicate that BTC is on it's way to retest the previous all-time-high. a break back into the channel would negate this breakout and possibly be a "fakeout" for the next leg down.
BTC USD Update"New low in from yesterday's daily low fractal 66629 in Coinbase. Absolutely massive buying volume on the order flow software behind us and just cruising into TP 6,7 ahead. Trailing stop behind under daily fractal lows. What a beautiful 2 weeks of rally. Let's see if we get weekend madness on top of that. I'll keep posting.
BTC/USD breaks trend linebitcoin was testing its old all time high made in 2021 at $69K at the time of writing. If it can hold above here, then it may soon challenge this year's all-time high of $73.8K next. Can it get there? Key short-term support is now see around $67.5K which will need to hold to sustain this latest attempt to break out.
By Fawad Razaqzada, market analyst with FOREX.com
BITCOIN Takes A Dump!As previously stated. Are Buy above the level $60,000 has led to the major resistance of $68,000-$69,000. I believe will will have a major rejection leading to a plummeting fall towards $65,000 and below $60,000. Any break through $59,000-$56,000 could lead to a triggering fall towards $48,000. If bitcoin reacts negatively with the $48,000 support, this could consequently put us at a liquidation area of around $42,000-$38,500
This is just a prediction, please be safe trading. Good luck!
Bitcoin Declining Broadening Wedge & $70kBitcoin price is attempting to break out of a declining broadening wedge pattern while also testing horizontal resistance at $70k. Bitcoin first reached $70k in 2021, failed to move higher, and made a low near $15k in 2022 before rallying back up to $70k again earlier this year. Since then, price has mostly trended between $55-70k while forming a declining broadening wedge pattern in the process. When price breaks above the upper line of a wedge you can expect price to move higher. When price breaks below the lower line of a wedge you can expect price to move lower. Right now we have price pushing above the upper wedge line and back to testing the $70k level again. If price starts pushing above the $70k level here it will likely be the start of the next move higher for Bitcoin and into new all-time high territory.
Recent moves higher in crypto and crypto-related stocks seem to be based around an assumption that Trump will win. While the Biden/Harris administration have been vocal critics of crypto for nearly 4 years with heavy regulation, Team Trump are all on board and supporters of digital assets. A Trump win would likely lead to a clearing of roadblocks that have helped to cap Bitcoin price under $70k for the past 4 years.
Best strategy with crypto is to ignore everything except Bitcoin. Buy some regularly, don't think about trying to trade it, and hold for the long-run. Best performing asset of the past decade while also seeing a faster adoption rate than any other technology including internet and cell phones.
Bitcoin correction after each bull-runCorectia Bitcoin dupa fiecare bull-run. De fiecare data a avut o scadere de 80% urmat de o perioada de acumulare.
Bitcoin's Last Stand: Can It Break Above $68.3k?MARKETSCOM:BITCOIN has finally reached the weekly block—the last level before ATHs.
Is this the moment we’ve been waiting for? I believe it is. For the first time, it’s printing a bullish weekly signal at this critical level. The last attempts, in June and July, were merely bounces without the momentum or reversal signals needed to push higher.
This time feels different. We have an expansion candle on the weekly, and hopefully, it will close above the $68.3k level. If we compare the timeline to the previous breakout before the $30k surge, this consolidation phase seems to be coming to an end.
I think the odds are now better for an upward move.
I’ll revisit this chart at the end of the week—we still need a solid close.
If everything aligns, November could be a strong month, potentially pushing toward $81k!
