BTC hodl my beerZero doubt the fed will be forced to start cutting rates second half of this year. Only hard assets will survive. Anything priced vs. BTC will look bad.
BTCUSD.PI trade ideas
Technical Analysis for BTCUSD***This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.***
This is an update for the H1 BTCUSD chart. The price was rejected after testing the daily point of control and order block at 69453. Therefore, in my opinion, the price might drop to 67444.0-66,900 to fill the imbalance candle.
trendline break strategythis is a trendline strategy based on resistance and support.good old price action
BTCUSDMaybe I’m wrong, but i will trust my years of trading bitcoin, a similar pattern back in 2021, after a good bull run there a drop down off is gonna be less than that time but I’m sure maybe we will reach de 44k, i will share this trade idea and lets see how it goes, i will probably close this trade by the elections.
83K TOP - 2 years of Distribution (BTC My Thesis)LOTS of FAKE OUTS BIG and SMALL.
We see a familiar formation.
Three Peaks and a domed castle.
Bears be faked out and bulls will be rekd.
1. We have completed the first peak in March 2024.
2. July was the Bottom of the first peak
3. Lots of opportunities for swing trader and few for holders.
4. we are on going for the second fake out.
5.The next dates are on the charts.
6. The cycle may end by September Next Year.
a predicted conflict between India and China may be a catalyst for a 40k bear trap in 2025 april. How did I know? shhh.
Lots of Volatility.
take profit always.
Lots of love.
BTCUSD - Chances to fly highBased on my EW study and if my EW counting is right, BTCUSD will fly higher. If USD is going to crash, then it is possible for BTC to fly high. Same goes to gold. Just my 2 cent opinion. Do you own analysis too friends.
Yes, Bitcoin can also do this - next move to watch out1️⃣ Bitcoin is retracing to its 60-day low, giving risk-takers a chance to enter the market’s next leg up right now 🪙.
No rush, wait patiently.
So, are we going to go up in November?
It all depends on the next 10 days. If Bitcoin can hold above $65,000–$66,000 while the 3-day indicator resets, it’ll be a prime opportunity to re-enter the market. If Bitcoin fails to hold that level, we may need to wait for the 1-week (red line) indicator to reset instead.
📈 Bitcoin has rallied 34% from September to November, hitting overbought on all cycle indicators. Just like in 2021 , the 2-week cycle (light blue line at the bottom) indicates mid-term growth, while other indicators are beginning to retrace. 🔄
📉 If history repeats (and it might), the ideal re-entry will be when the 3-day indicator (violet line) dips below 20.
Let’s stop gambling and start making sustainable money in crypto.
Long BTC Correction Almost OverBTC has been correcting from its ATH since march, but it appears to be ripe for another surge as we near the holiday season and the RSI is settling back towards the middle. As long as we don't break below the bottom of the channel that has formed over the past couple years, it should be uphill from here.
ALERT: Bitcoin just hit >$70,000!🧵 With $100,000 in sight, you might wonder if we're truly ready for this next big move. Let’s dive into the cycles to find out 👇
1/ 🔍 Cycle Analysis can help pinpoint ideal entry points for Bitcoin—and eventually, altcoins. Here’s what we’re seeing right now (see the chart above):
2/ 📊 Today’s Reading (Oct 30): All three indicators (1-day, 3-day, 1-week) are above 80, meaning we’re officially in *overbought* territory. This usually signals a potential pullback. Translation? It’s a time to *sell*, not buy 🛑.
3/ 😱 So, why’s everyone so hyped on BTC right now?
It’s simple: after half a year of sideways action, people are ready to see a breakout. BTC has been stuck between $60k and $70k for seven months. Altcoins have taken a beating during this time too, making it tough to profit 🩸.
4/ 😅 After this long wait, everyone’s desperate for upward movement. Many folks bought at the last high back in March and are now shouting “BUY!” in the hopes others will push prices higher.
5/ The Bottom Line 📉
- We’re in overbought territory, which typically signals caution.
- The hype is real, but a retracement could offer better entry points soon.
Let’s see how this plays out! 👀
BITCOIN Short From Resistance! Sell!
Hello,Traders!
BITCOIN is retesting a
Horizontal resistance level
Around 74k USD which also
Happens to be an all-time-high
So despite our bullish bias
We will be expecting a
Local bearish correction
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Watching for market reactionMorning everybody,
So, recent sell-off on stock market and rally of the US yields have made pressure as on Gold as on BTC but thankfully it was short term.
Still, BTC has dropped to the level that we've discussed last time - 67.5-68K. Why is it so special? First is, it stands around the all-time trend line resistance that recently has been broken up. Second is - the K-support level, which makes it rather strong and a great indicator of market's power.
From bullish point of view, we do not want BTC to drop back below it, breaking 65K lows down. At the same time, with elections hysteria environment we suggest to not take any position without confirming patterns. So, our trading plan is to wait for market response to this level. Once we get more or less clear patterns, we could act...
BITCOIN - Sell IdeaThe failure to break out above the key-level resistance of $69,700 strongly suggests that the Bitcoin is gearing up for a full fledged downside reversal. We're taking a swing at the Bitcoin with a short position, targeting the next major key-level support of $60,582. Stay tuned...
BTC rate changing effect longI see some bullish divergence from the chart this week and next month.
The positive vibe will obtain some big whales to move.
This impact will last until around 95000.
buy btc from now on.
Uptober Will End As Downtober | Bitcoin MonthlyI would like to call your attention to the sessions/candles of April and November 2021, both followed the same pattern we are witnessing now, in October 2024.
➖ April 2021 started green, we saw prices moving higher and by the end of the month a bearish bias developed and the session ended red. A strong correction followed and this signaled the orthodox end of the bull-market.
➖ November 2021 started green, we saw prices moving higher and by the end of the month everything was red. This was the end of the bull-market and the start of a major bear-market.
Bitcoin peaked March 2024 producing a new all-time high.
➖ October 2024 started green, we saw prices moving higher and things are turning red now. We have the same Doji that showed up in April and November 2021 but still green, it can end up red. Ending red confirms a major long-term lower high (more than six months old) and potentially the start of a major correction.
I say here the start but this would be the start of a bearish impulse that will end an already ongoing major correction.
👉 The main support levels are 55K, 44K and 36K.
It is possible that Bitcoin moves even lower but we have to wait and see how it all ends.
👉 Bitcoin is bearish and the major Altcoins are also bearish.
👉 Ethereum's weakness reveals a major bearish bias across the Cryptocurrency market giants.
👉 Many of the medium-sized and smaller Altcoins are ultra-bullish and breaking 2-3 digits up while the giants are moving down.
➢ Conclusion
Money flowing out of Bitcoin and the big Altcoin projects will move to the smaller Altcoins.
Thanks a lot for your support.
Namaste.
I is finnishing!In my opinion, one bearish leg seems necessary to complete the final leg of the diametric as the I for bigger symmetrical. so be careful until next week!
Bitcoin on the Edge: Major Move Coming Tomorrow? Nov. 4, 2024BTC/USD 1-hour chart, here’s a breakdown for technical analysis heading into tomorrow’s trading:
Trend and Price Action:
Bitcoin appears to be in a descending channel, which suggests a bearish trend in the short term. The price has consistently respected the upper and lower trendlines, showing lower highs and lower lows.
Support and Resistance:
Immediate resistance lies around the top of the channel near $69,000, which Bitcoin recently tested but couldn't break through.
Immediate support appears at around $67,459, as indicated by the red line on your chart.
Below $67,459, additional support may be seen around $66,344, the recent low on this chart.
Moving Averages:
Bitcoin’s price is below the moving averages shown, indicating bearish pressure. The moving averages might act as dynamic resistance if the price attempts a breakout.
Volume:
There has been an increase in volume recently, especially near the support areas. This could indicate potential buying interest, but the volume would need to increase on upward moves to support a breakout from the channel.
MACD:
The MACD shows a slight bullish crossover, which could signal a potential reversal or bounce in the short term. However, for a sustained uptrend, the MACD line needs to stay above the signal line and show increased positive momentum.
Strategy for Tomorrow
Bullish Scenario: If Bitcoin can break above the descending channel, especially with strong volume, it could attempt to reach the next resistance around $69,000 or higher.
Bearish Scenario: A rejection at the channel’s upper boundary could lead to a retest of the $67,459 support, with the potential to drop to $66,344 if bearish momentum continues.
Consider watching for breakouts or breakdowns from the channel, and use support/resistance levels for entry and exit points.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Conduct your own research and consider your risk tolerance before making any trading decisions.
#BITCOIN BERA at 89k, 89k is the 1.0 fib extension from 2012. Wouldnt it be poetic if BTC tapped the 1.0 and retraced to complete its cycle. All the way from the 0 starting point. Like an algorithim should.
BTC - 3 Months - Closes at $ 96,275Based on the previous Bull Run, following the same calculation and logic ... this Bitcoin 3 M candle may close at $ 96,275:
28993 - 13880 = 15113 ... (*2 = 30226)+28993 = 59219 this is October 2020
similarly 2024= 71285 - 58790 = 12495 ... (*2 = 24990) + 71285 = 96275
#btc #btcusd #elliottwave short sell setup 30Oct24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Analysis on trade movement
You’re leveraged to the hilt and riding the crypto wave—eyeing those sweet gains, living for the adrenaline rush and peeking at your vision board where you’ve got the lambo cutout for inspo.
But here’s the harsh truth: for every moonshot, there’s a black hole ready to reel in your portfolio. Welcome to the not-so-glamorous side of crypto: risk management. If you don’t have this locked down, you might as well be throwing darts in the dark.
So, how do you stack the odds in your favor and avoid getting rekt? Let’s break down 🤸♂️ the essentials of managing risk in the vast world of crypto like a pro. Grab your notepad, take one more look at the lambo and let’s roll.
Bitcoin Resumes Its Bullish TrendBitcoin with ticker BTCUSD remains in a higher degree bullish trend as expected. After we recently spotted wave IV correction on a daily chart, we can now see it resuming higher for wave V with space up to 100k area that can be achieved by a new lower degree five-wave bullish cycle.
Basic Impulsive Bullish Pattern shows that Bitcoin can be trading in wave 3 of V, so more upside is expected. Later we will just have to be aware of subwave 4 pullback before a continuation higher for wave 5 of V.
BTCUSD RIGHT NOW 30/10/2024 vs 24/02/2024
what we seeing with bitcoin today has the same pattern as what happened in price movements on 02/24/2024 - 02/28/2024 and I think it will end with a doji
charts.mql5.com
BTCUSD BULLISHLooking at 4H FVG for more buys.
-only take it during killzones as long it stays within that 4FVG
