BTCUSD.PM trade ideas
My safe entry for #LONG87.5k to 90k area is good for long zone, for me current market situation is suggesting me to Wait patiently for this area or let's see CAN BTC HOLDS 95-97K AREA,0
SUNDAY IS SPECULATION DAY😅
**BTC/USD Overview****BTC/USD Overview**
**Current Price:** $97,000
**Market Cap:** $1.91T
**24h Volume:** $53.95B
**All-Time High:** $109,356 (Jan 20, 2025)
**All-Time Low:** $0.04865 (Jul 14, 2010)
**Major News**
1. **Bitcoin Monthly Close:** BTC/USD achieved its first six-digit monthly close ever at $102,400 on Jan 31, 2025.
2. **Institutional Activity:** Coin base registered a net outflow of over 15,000 BTC, hinting at major institutional purchases.
3. **US Economic Data:** The upcoming NFIB Small Business Optimism Index and Bureau of Labour Statistics reports on productivity and labour costs are crucial for gauging US economic strength.
4. **FTX Repayments:** FTX's upcoming repayments to creditors starting on February 18 could bring volatility for Bitcoin prices.
**Insights from Top Traders**
1. **Cassian Drake:** Suggests potential for BTC to make one last push up to $111,000 before a possible bear market.
2. **Grandmaster Oz:** Warns of potential negative impact from US political developments on crypto.
3. **Michaël van de Poppe:** Remains confident in the longer-term picture despite short-term volatility.
4. **PlanB:** Indicates that BTC is in the most intense phase of its price cycle.
**Guidance on Moving Forward**
1. **Watch Key Levels:** Keep an eye on the 0.618 Fibonacci retracement level at $96,686.26.
2. **Stay Informed:** Monitor US economic data and political developments for potential impacts on BTC/USD.
3. **Risk Management:** Ensure proper account risk management and leverage trading knowledge.
**Predictions for Next Week**
1. **Potential Upside:** February is traditionally one of Bitcoin’s best-performing months, with average gains of 14.4%.
2. **Volatility:** Expect volatility due to FTX repayments and US economic data.
3. **Support Levels:** Watch for support at the $96,000 level.
Monday Monday la la lala la la...Double Top, Possible Downside
Price currently Below the Mid of the Range
Check Financial Colander for upcoming Events
NAS100USD and BTCUSD correlationJust been recapping on the SPXUSD and NAS100USD charts, both look like they could head lower in the short term at least. Not sure crypto has proven it can trade independently from that just yet, at least based on the short term. Plus if things get disorderly then everything could get wacked. I'll be monitoring my positions over the weekend (BTCUSD, HBAR, XRPUSD), but I may reduce them again irrespective of how crypto moves in anticipation of potential downside in the wider markets. Looking at the recent declines on NAS100USD compared to BTCUSD, BTCUSD tends to overperform to the downside in % terms, you can see the percentages on the charts of the past declines. The recent decline which has just started sees there NAS100USD declining by -1.76% and BTCUSD by -4%, no guarantee that pace will continue, but assuming NAS100USD declines to the first target area and BTCUSD matches the drop in % terms BTCUSD could be looking at $94,500 and if it overperforms then it could reach $90,000 which is a potential measured move target based on how the NAS100USD could decline.
XRPUSD thread here which gives some background to recent positioning.
Only for Elliotitians BTCBitcoin is currently in a sideways corrective pattern, which opens the door to multiple possible scenarios. Depending on market sentiment and liquidity, BTC could be forming a complex correction, such as a running flat, expanded flat, or even a triangle consolidation before the next impulsive move. This period of indecision allows both bulls and bears to test key support and resistance levels, creating potential breakouts in either direction. Traders should remain cautious and consider various Elliott Wave structures or range-bound strategies to navigate the uncertainty.
Red is bearish
Blue bullish
Orange bullish
BTC: possible reversal in sight.85K is the 0.5 fibbonachi level measuring from the breakout of downtrend in Nov 24 to ATH. There is a liquidity Zone between 86-89K.
Fair Value Gap between 77-85K
Next liquidity Zone @ 74-76K. Which also marks the 0.5 fibbonachi from the swing low in Aug 24 to peak. 74K is also the previous ATH meaning that there are 3 points of confluence.
Believe that the whales could grab liquidity Zone 1, move easily through FVG, grab the 2nd lot of liquidity before seeing a reversal to the upside.
A touch on the uptrend and moves to "oversold" on RSI would add further confluence.
A long entry @ 75K could be favourable.
If this pattern plays out it would be a -24% drawdown on BTC and alts are correlated by roughly 2:1 therefore a move down for alts of 50% could be on the cards.
Bitcoin has always peaked in November or December of the year following the halving event. And it is believed that we could see a big, brief move down in Feb before seeing a new ATH printed Nov-Dec 25.
Best bitcoin investor (among 100 million)We checked all bitcoin wallets (100MLN+) to find those who buy at the bottom and sell at the peak.
So who is the best bitcoin investor?
Almost everyone knows popular investors like Michael Saylor, except he doesn't sell bitcoins and ends up with an 80% drawdown. And he's not buying at the bottom, he's averaging.
And few people know about those who actually invest competently in cryptocurrencies.
Unfortunately, I can not publish in this post a link to the wallet (because I may be banned), but we do not hide its address.
Here are the details of the wallet
Invested - 11,3k
Profit - 346k
Profit - 3052%
Wallet age 87m
Average Sell Price 34 790$
Average Buy price 14 956$
---------
I also note that he is still holding his position.
Weekly Close is Coming. Bears NOT done yet.So far Bitcoin is doing great from the weekly pov. Weekly downtrend change hasn't been confirmed. We already are in week #7 and weekly candles had closed above $90k meaning bulls are in control of every drop so far. lets see how this one closes. Place your bets ladies and gentlemen and buckle up we are heading to a wild ride.
BTC 30 min downtrend 8 Feb 2025I want to see BTC sweep the higher golden pocket and then come down to test the value area low and maybe a wick to the lower Vwap my white lines i'm hoping for candle bodies only - Looking for volume in those areas ! if nothing then no trade !
Weekend volume can be low but lets see what happens!
Started a paper trade account 100K on 2 Feb
Currently @ $507K my goal is $1m
Bitcoin to Gold ratio - Fair value 40 until March 1Until March 1, Bitcoin to Spot Gold ratio fair value is 40
BTC weekly zones
🚀 Bullish Breakthrough for Bitcoin on Weekly Time Frame! 🚀
Just in from @RSI_Trading_Concepts on @TradingView - the Bitcoin weekly chart is a beacon of bullish sentiment! 📈 The analysis highlights how the #BTC bulls are not just defending but thriving at the Overbought (OB) zone low on the weekly time frame, showcasing their strength and determination. 💪
🔹 Key Insights:
Following a significant breakout in late 2023, Bitcoin has been on a steady upward trajectory.
The bulls have impressively defended the OB Low at $53,841 on the weekly chart, indicating strong support within this zone.
This defense of the OB Low, especially in an overbought RSI context, suggests that the market sentiment remains overwhelmingly positive, with momentum favoring further gains.
🔹 What This Tells Us:
This isn't just a defense; it's a statement from the Bulls. Holding strong at this critical level, particularly after RSI has indicated overbought conditions, is a powerful sign that the current trend might continue. The market is showing us that despite being in overbought territory, the appetite for Bitcoin is still voracious.
Don't overlook this signal! The resilience at this key level on the weekly chart could propel Bitcoin to new heights. Keep your eyes on this zone and prepare for what might be an exhilarating journey upwards. 🚀💹 #Bitcoin #Bullish #Crypto #RSI #TradingView
persistent channel or recent wedgeHello friends,
Caveat, I've been trading successfully for a couple of years but don't really consider myself a guru, just a guy with an eye for patterns.
I've been swinging BTC over the past few days, taking a position each time price touches the top of the recent wedge (yellow). BTC seems to be repeatedly retesting this wedge top on the 30 minute. Meanwhile, the bottom of the long term uptrending channel blue is about to diverge from the wedge top. I'd appreciate any opinion as to which line BTC will follow going forward? Or could we be approaching a big upside breakout?
Bitcoin to 125K Liquidity area after washing 88KThere is an un-mitigated 8H order block, which sets a perfect setup for mitigating it, washing a lot of liquidity at that level and then I imagine local bottom is confirmed for now.
BTCUSD: Buy ideaOn BTCUSD, as you can see on the chart we have a high probability of seeing the market go up over a 15 minute time frame.
BTCUSD chart Analysis 4hour check Captain This is a 4-hour candlestick chart of Bitcoin (BTC) against the US Dollar (USD) on the BITSTAMP exchange. Here’s what it indicates:
1. Key Price Levels:
Current BTC price: $98,144
Buy price: $98,154
Sell price: $98,142
Support levels: $94,382 and $89,065 (marked in blue)
2. Technical Analysis:
The blue horizontal lines represent key support zones.
BTC has recently tested the $94,382 support level and bounced back.
The blue upward arrow suggests a bullish outlook, indicating a potential rise in price from this support.
3. Possible Scenarios:
If BTC holds above $94,382, it could push higher, potentially toward $100,000 or more.
If BTC breaks below $94,382, it might fall toward the $89,065 support level before bouncing back.
This chart suggests a bullish reversal is expected from the support level. Are you considering a trade based on this setup?
Btc backtest insane1800 trades 77% net profit
Same algo as previous posts
only change made was algo sensitivity
BTC BULL RUN INCOMINGMy technical analysis indicates that a bull run on BTC is developing, with a potential target of 120K. The reasoning behind this is that price has been consistently respecting my support and resistance channels, while the formation of higher lows confirms an uptrend.
Short before final long We're seeing liquidity below and above. MM will want both. My guess is we go down once more before final leg up. Lets see.
Title: Key Time Interval Ahead for #BTCThe Bitcoin chart is approaching a pivotal time interval starting from 19:00, marked by the interaction of Gann fan lines and critical Fibonacci levels.
Resistance Zones: BTC faces a key resistance at $100,540 (0.5 Fibonacci retracement). A breakout above this could open the way for further bullish momentum.
Support Levels: On the downside, strong support lies at $92,000, aligning with the 1.0 Fibonacci level and historical price action.
RSI at Neutral Zone: The RSI currently sits at 50, signaling a neutral stance. Traders should watch closely for any directional confirmation during this time interval.
This time window could be a significant pivot for Bitcoin's next move. Monitor closely for volume changes and price reactions to key levels.
#Bitcoin #BTC #CryptoAnalysis #TechnicalAnalysis
BTC has a setup to rally to 117k-120kBulls still have a long setup to produce a five wave up rally in a subwave (c) of wave (iii) up targeting 117k - 120 k.
BITCOIN BUY LIMITBitcoin Just Showed a strong bullish up and there's probabilities that price will go higher today, so i placed a buy limit on the FVG Midpoint aligning it with the Buliish Order Block. but if price will take out the previous day low my trade will be valid i'll cancel the Buy Limit.
