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BTCUSD trade ideas

Bitcoin - 10 secrets and myths no one knows about BTC!Bitcoin is in the final stage of its bullish cycle! Buying at the current price will most likely lead to a massive loss on your account in 2025/2026. You want to buy when there is blood on the street, not when everyone is FOMOing in. The moonboys are back, and historically, that's a big sell signal. This cycle should end between 90k and 120k. Then expect a massive crash back to 50k. But let's take a look at 10 Bitcoin secrets and myths no one talks about. Before that, write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Bitcoin and blockchain are brand new technologies invented by humans on Earth. That's false. This technology is very old and is already in use on thousands of different planets in our galaxy and in other galaxies. This technology was brought to Earth from the outside. Bitcoin is decentralized and cannot be controlled. That's wrong. Bitcoin is controlled by the miners, and the FED and banks have full control over Bitcoin's development. You really thought that banks would ignore Bitcoin? In fact, they created it to replace the dollar and paper money (cash). Bitcoin will bring freedom to humanity. That's indeed incorrect. Bitcoin is part of the total control plan to create 1 world digital currency. That means 1 wallet per person on your government ID, monitored 24/7 (Bitcoin's transactions are public); if you do something wrong, you can get blacklisted and unable to pay. Everyone thinks that Bitcoin's maximum supply is permanently capped at 21 million coins. That's incorrect. This is the current setting of the Bitcoin program, and the supply can be very easily increased. Don't forget that Bitcoin is software, and every software can be modified. The practical supply of Bitcoin is infinite. Bitcoin is the enemy to the banks and will cause destruction of the banking system. This is very incorrect. The banks are here to provide you financial services, such as loans or keeping your money save. They don't really care if they borrow you Bitcoin or Dollar, as long as they make money on the interest, fees, and taxes. They borrow you 10 bitcoins, but you have to pay back 20 bitcoins. That's a good business, right? In fact, the banks love Bitcoin. It's getting long, so next 5 secrets tomorrow in this post in the next update. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDShort
by Xanrox
145
“Bitcoin’s Road to $99,019: A Precision Play”“Bitcoin’s long position profit target is firmly set at $99,019, with a stop loss at $51,327. The VWAP (Volume Weighted Average Price) currently sits at $99,044, aligning closely with the profit margin, reinforcing this as a calculated and viable target. This setup is designed to cater to both long- and short-term traders, ensuring clarity and precision in decision-making. For those entering this trade, the directive is clear: go long. However, it’s crucial to invest only what can be comfortably risked—capital that won’t impact your financial stability in the unlikely worst-case scenario. All traders must understand that price action is expected to operate within this calculated range, offering a structured opportunity for gains. Additionally, I’ve incorporated Bollinger Bands, represented as two oval-shaped curves, which serve to frame market volatility and pinpoint price expansion and contraction phases. Smart money zones have been marked to highlight areas where institutional movements guide the trend, reinforced by precise trend rays. This advanced confluence of technical indicators ensures a robust and well-rounded strategy for navigating the market.”
COINBASE:BTCUSDLong
by The_ForexX_Mindset
137
BITCOIN → Bullish run to $100,000. When's the correction?BINANCE:BTCUSD is consolidating after a strong rally. Most likely the token is preparing to go even higher. The target of 95K-100K is getting closer and closer and is becoming more and more realistic. FOMO or managed to get on the northbound train? The fundamental backdrop is strong. Trump has been a driver for bitcoin and the cryptocurrency market. The phenomenon as a whole is quite interesting. Bitcoin is coming out of a 9-month accumulation and is strengthening by 34% as part of the rally. Can this rally be even bigger? Yes! And there are bullish premises for that: Technically, bitcoin is not trying to update the lows. It is forming a smooth, calm and upward movement with gradually updating highs, and in the last two days the price has been accumulating in front of a strong resistance level. An ascending price channel is forming on H1-H4. The recent 7% retracement of the ATH is nothing more than profit-taking. There are no funadamental and technical reasons for a deep correction yet. Resistance levels: 91650, 93250 Support levels: 90300, 89200, 87500 At the moment consolidation is forming near 92K. The emphasis is on 91650. A breakdown and consolidation above this area may trigger a continuation of the impulse (rally). I do not exclude that on the background of reduced liquidity (Saturday/Sunday), bitcoin may test the support area before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
46
The Hidden Whale Playbook Detailed Explanation: 1. Double Top Detection Through RSI Oscillator - A double top pattern signifies that the price has reached a resistance level twice but failed to break through, often hinting at bearishness. - Using the RSI Oscillator, you’re analyzing momentum rather than just price. This tool helps identify shifts in strength and momentum within the market. - The oscillator's behavior likely showed weakening momentum at two distinct peaks, correlating with the price action's double top pattern. 2. VWAP Pointing Upwards - The Volume-Weighted Average Price (VWAP) serves as a key indicator of market trend. Its upward direction reflects that buying pressure or positive momentum is still dominant in the market, suggesting that the general trend remains bullish. - Despite the double top's bearish implications, the VWAP trajectory implies that this might be a temporary resistance rather than the start of a reversal. 3. RSI Oscillator Curving Upwards - The RSI Oscillator curving upwards indicates that momentum is picking up again after the hesitation caused by the double top. - This curve implies that the market is gaining strength for another move upward, showing buyers are coming back into play. 4. Second Wave Formation - A second wave is a continuation of a trend after a brief pullback or consolidation. Here’s what’s happening in this case: - The double top caused a temporary slowdown or minor retracement. - However, the VWAP’s upward slope combined with the oscillator’s upward curve suggests renewed buying momentum. - This dynamic is building the foundation for another push higher—a second wave. Explanation Flow: The RSI Oscillator helped identify a potential double top, signaling resistance and a temporary slowdown in momentum. However, the VWAP’s upward trajectory shows that the broader trend remains bullish, and market sentiment hasn’t shifted to bearish. As the oscillator begins to curve upwards, it indicates a resurgence of momentum, suggesting that the pullback was temporary. Together, these signals point to the likelihood of a second wave, where the market attempts to push higher, possibly testing or even breaking the resistance level. This concept was originally developed, then refined through a retracing process, and ultimately finalized by copying and pasting the improved version.
COINBASE:BTCUSDLong
by The_ForexX_Mindset
34
BITCOIN Riding the 1DMA50 wave is the best strategy you can haveBitcoin (BTCUSD) has had an enormous bullish break-out to new All Time Highs (ATH) following last week's U.S. elections. The past 2 days have seen this massive rally turn sideways and as always a certain part of market participants have started calling for big corrections or even bear markets. Once again we will let simple charting show why this sideways price action is nothing but a short-term and mostly necessary consolidation. ** November 2020 vs November 2024 ** This analysis is a comparison of BTC's October 2020 - April 2021 rally with October 2024 - today. We've made idea regarding those time periods in the past but this time we bring a more aggressive picture on the 1D time-frame. As you can see, on both fractals the 1D RSI started with a Channel Up while the price was still trading sideways/ consolidating within the 1W MA50 (red trend-line) and the Resistance level. That was the first sign of the upcoming Parabolic Rally, which was confirmed after the price broke above the Resistance. BTC formed a Channel Up itself and right now we are on the November Bullish Leg and its consolidation phase (circle) that has been evident on both fractals. The 2020 - 2021 rally lasted for 164 days after November 01 and rose by +395%. ** The key role of the 1D MA50 ** Even if these time and price lengths aren't replicated, the key here for traders and investors alike is this: From October 09 2020 up until April 18 2021, BTC neve closed a 1D candle below its 1D MA50 (blue trend-line). It was the 1D MA50 that fully supported this 6-month rally, giving excellent buy entries for those seeking dip buying opportunities or those who simply wanted to hold onto their BTCs for as high as possible. ** Just ride the wave ** As a result, a viable and confirmed strategy at this stage of the Cycle (if you don't want to trade the volatility and buy low/ sell why) could be to just sell when finally a 1D candle closes below the 1D MA50. This is what we effectively call 'riding the 1D MA50 wave'. So what do you think? Are you prepared to hold until the 1D MA50 breaks, are you willing to buy every time the price gets close to it, or simply have a different strategy at this starge? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
#BTC/USD NEXT TARGET $135K but $69k Imminent!When Bitcoin broke below $60,854, everyone started calling for $48,000. At that time, I posted an update titled "Bitcoin is Fine, Don’t Panic!" on October 3rd, explaining that the drop was just filling the Fair Value Gap (FVG) and Bitcoin was heading toward $95,000. You can check the update here: Again, on November 6th, when Bitcoin was trading at $70,504.60, I predicted a target of $95,000 after the U.S. elections. I even mentioned that the move would be quick, assuming Trump won the election. While I got trolled for this prediction, the update was based on a thorough analysis of market reactions during the last three U.S. elections. You can check that update here: I honestly don’t understand what’s wrong with some people. The more they troll, the more conviction I gain in my charts. These aren’t random guesses—they are calculated speculations based on charts, events, market psychology, and fractals. Ironically, many of those who mocked me in the comments ended up buying Bitcoin at much higher prices. This is not how crypto works. You need to keep things simple. That’s the biggest lesson I’ve learned in my 8-year journey in this space. To keep it simple, Bitcoin’s current setup is not bearish. While some are calling for corrections, the technical indicators suggest otherwise. 1. Stochastic RSI: The Stochastic RSI, a reliable indicator for timing local tops and bottoms with around 80% accuracy, is currently at 73. Historically, Bitcoin's local tops occur when the Stochastic RSI reaches 87 to 93. This indicates there is still room for upside before the market becomes overbought. 2. 21-Week Moving Average (MA): Bitcoin is currently trading above the 21-week MA, which has historically acted as strong support in previous bull markets. This further supports the bullish trend. 3. Price Action: Bitcoin will likely target $100,000 soon, potentially moving slightly higher. After this milestone, it may revisit $69,000, the previous all-time high, as a retest before moving toward $135,000. Conclusion: Combining a non-overbought Stochastic RSI and support from the 21-week MA suggests Bitcoin still has significant upside potential. During any pullbacks, keep an eye on $69,000 as key support and possibly the last opportunity to buy BTC and Alcoins. Let me know what you think in the comment section and please hit that like button. Thank you.
BITSTAMP:BTCUSDLong
by Cryptorphic
15
Bitcoin: 100K? 85K More Probable.Bitcoin has gone nuts thanks to the historical election catalyst. Unusual situations such as these often provide lots of opportunity but that opportunity comes in forms that may not be so obvious to many. In situations where a market makes new all time highs, I do not get caught up with what the crowd is saying, and instead measure the affects of such a move in terms of RISK. There are going to be LOTS of wild forecasts. The typical "expert" tends to overreact along with telling people what they want to hear in order to attract eye balls. The rational question is: what is the RISK for investors, swing traders, day traders, etc? In terms of the broader perspective, Bitcoin has broken out of the consolidation that was in play since March. The move appears to be a broader Wave 5, which means a test of 100K or higher is within reason as a result of this breakout. People who called this move years ago look like geniuses only by coincidence (if the election went the other way, Bitcoin may have also). While there is NOTHING bearish to consider at the moment, this situation is best for those who bought much earlier. When markets look their best, that is usually the WORST time to buy not because of some bearish reason, but because of the inherent RISK. Investors and swing traders are assuming the MOST risk at these levels. The nearest supportive area (by proportion) is somewhere between 83K and 78K (see rectangle, arrow). A 6K to 10K+ retrace is very possible and can come out of no where for any reason (have you seen the -500+ Nasdaq?). Fundamentals do not matter in these high momentum situations. If you are not willing to take that kind of risk, then taking on new positions at these levels with the intention of staying in for the 100K break out is NOT in your best interest. The probability of a retrace increases as the market pushes higher. The rational thing to do is be patient, WAIT for the retrace. Markets do NOT move in straight lines. The better opportunity in my opinion is on the smaller time frames (day trade). 1000 points per hour in some cases, this is where you can take relatively smaller risk (if you know how to control it) while capturing some wild moves. There is a number of supports for this time frame but the more obvious one is around the 87K area. With this type of price action you can play both long and short and avoid the broader risk by not taking any overnights. A tool like my Trade Scanner Pro works well in a high momentum environment like this one, especially when it comes time to defining risk and profit objectives. The illustration on the chart shows the scenario that I anticipate on the daily time frame for the coming week. It MAY or MAY NOT unfold this way. It may touch the 95K resistance first. There is no way to know in advance, the key is to have some idea of what scenario is within reason and then act when the market CONFIRMS. While there is a clear bias in price structure, we must always respect that MARKETS are HIGHLY random and things can change fast. A strong market can easily retrace and yet it is still strong. Know your higher probability levels in advance and wait for the market to prove itself. Otherwise, if your the type who depends on hope in tough situations, your profits during this wild time will be brief. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
12
BITCOIN Pi Cycle Theory aiming at $120k at least!Following Bitcoin's (BTCUSD) new All Time High in the aftermath of the U.S. elections, we've established on previous posts that we've entered the final year (12 months) of this Bull Cycle. This is clearly visible by the use of the Sine Waves as shown on this 1W chart. ** Pi Cycle ** The new aspect we're bringing to you today is the Pi Cycle indicator, which has proven to be as consistent as any other at projecting the long-term price action of Bitcoin. As you can see every Cycle Top has been considerably above the Top Pi Band (red trend-line) and we're currently trading $30k below where this level is now. This means that it is only a matter of time for BTC to 'attack' $120k and break it. ** 1W RSI kickstarting the aggression ** We are at a point where the new rally phase that started after the price tested, held and rebounded on the 1W MA50 back in early August, will start getting more and more aggressive. The final bullish signal was given last week after the 1W RSI closed above 70.00 (vertical orange dashed line). As you can see, during the previous two Cycles, every time Bitcoin closed the 1W RSI above 70.00, the Cycle peaked 54 weeks later (roughly 365 days). There is no reason to expect otherwise this time also, as this projected date (week of November 24 2025) falls exactly on the Sine Wave's Top. Notice also that during the most aggressive part of the Parabolic Rally, the 1D MA100 (blue trend-line) tends to Support. And before that, when that crosses above the Bottom Pi band (green trend-line), the indicator gives a confirmed buy signal for the whole Cycle. ** Timing the market is everything ** The question now is how high can the price get? Well according to those estimates, a peak above the Top Pi Band can be anywhere within the $150k - $200k range, and that could be a conservative estimate. But lucky enough, with technical tools like the one we present to you today, we can time the market (thus our exits/ sells) almost perfectly and get out as high as possible, without having an absolute Target in mind. But what do you think? Are you also expecting the rally to start getting even more aggressive and break above $120k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
7
BTC - Hard to Be Bearish Over 86kNot much to point out here, everything from last week still in play. Our trade from 70k is getting close to T2 and there is not much to do here but let it play out. Starting to get the moon-boy shouts now, they have suddenly risen from the dead and they are followed up by the overly cautious traders who talk a lot of S#$% but don't make money and seldom have good trades. For me it is simple, I can not be bearish over 86k here. Hard to be bearish when we have a solid 5-6 days of consolidation at this level. This is generally a continuation sign not a reversal signal. Now can it reverse? Sure but unless we start taking out support, at 86k, it is hard to be bearish. Daily Chart: Daily candles show a decent consolidation here where buyers are buying any dips, but there are still some sellers around the 90k area. Generally when you get to a key level like 90k or 100k, if the market is overpriced it runs out of buyers quickly and sellers head for the exit. Not seeing that here so as long as we hold 86k I am bullish. Not going to care about patterns that show up here, trend, momentum, atmosphere, is all bullish but not overly bullish enough for me to be worried about over bought conditions here. So for now simply letting our trade play out, and looking for any pullback and setup for new longs.
COINBASE:BTCUSDLong
by goldbug1
7
"Bitcoin's Rise, Altcoins' Fall" Alright, let’s break this down and expand on the scenario to make it clear why this could very well be a deliberate play by smart money. We’re talking about institutional investors, whales, or market makers—entities that have the resources and strategies to capitalize on the behavior of retail investors. They don’t operate on emotion; they’re methodical, strategic, and, frankly, ruthless when it comes to maximizing profits. This is how it could be unfolding right now: --- 1. Creating Fear and Uncertainty One of the primary tactics of smart money is to manipulate emotions in the market. Fear and uncertainty are their greatest allies. - Price Suppression in Altcoins: By focusing attention on Bitcoin, allowing it to dominate headlines and rally aggressively, they divert focus away from altcoins. At the same time, they might orchestrate small, consistent sell-offs in altcoins. The result? Retail traders—already jittery and reactive—start to lose confidence in their altcoin holdings. They see Bitcoin rising, while altcoins stagnate or bleed out, and the knee-jerk reaction is to sell. - Market Cycles Play a Role: It’s important to remember that altcoins are inherently more volatile than Bitcoin. When Bitcoin moves sharply upward and altcoins lag, the perception is that altcoins are “weak.” This narrative feeds into the panic, creating a self-reinforcing cycle where more and more retail traders exit their positions. --- 2. Accumulating at Lower Prices Once the panic sets in and altcoin prices are driven lower, that’s when the real strategy kicks in accumulation. - Retail Capitulation Equals Opportunity: When retail traders sell out of fear, they inadvertently hand over their altcoins to those who know the value of patience. Smart money steps in during these moments of capitulation, scooping up altcoins at rock-bottom prices. They’re not buying blindly—they’re targeting projects with solid fundamentals and potential for massive returns. - Whale Tactics in Action: Whales have another trick up their sleeves. They can sell just enough to push prices lower, triggering stop-loss levels for retail traders. When those stop-losses are hit, it accelerates the sell-off, creating an even better buying opportunity for the whales. This is a textbook example of how the "weak hands" are shaken out of the market. --- 3. Timing the "Altseason" Here’s the kicker: all of this is done with a bigger plan in mind. Smart money doesn’t just accumulate for the sake of holding—they’re setting the stage for an eventual altcoin rally, commonly referred to as "altseason." - Rotation of Profits: Once smart money has accumulated enough altcoins at low prices, they’ll begin to rotate their profits out of Bitcoin. This influx of capital into altcoins creates a surge in demand, which drives up prices. Retail traders, seeing the sudden movement, jump back in, further fueling the rally. - Maximizing Gains: By playing both sides—riding Bitcoin’s rally first and then triggering the altcoin surge—smart money ensures they extract maximum profits from the market. It’s a masterclass in timing and manipulation. --- 4. Market Manipulation Is the Name of the Game To truly grasp this scenario, you have to understand the extent of control that smart money has over market dynamics. - Liquidity Control: Smart money can influence where liquidity flows. By keeping Bitcoin dominant, they ensure that the bulk of the market’s attention and capital stays focused on Bitcoin. This suppresses altcoins temporarily, making them appear less appealing. - Psychological Pressure on Retail Investors: Retail traders tend to follow the herd. When they see Bitcoin rising and altcoins struggling, they start to doubt their decisions. This doubt leads to panic selling, which plays directly into the hands of smart money. --- 5. This Has Happened Before None of this is new. If you study past market cycles, you’ll notice a recurring pattern: Bitcoin leads the rally, drawing in capital and attention. Only after Bitcoin stabilizes or consolidates does capital flow into altcoins, leading to explosive gains in that sector. - Retail investors often miss the early stages of these altcoin rallies because they’ve already sold in panic. By the time they realize what’s happening, smart money has already positioned itself to profit. --- What You Should Watch For If this scenario is playing out, there are a few things you can monitor to stay ahead of the game: - Altcoin Volume: Are we seeing declining volume or signs of accumulation? Look for spikes that could indicate large players entering the market. - Bitcoin Dominance: Is Bitcoin’s dominance continuing to rise, suggesting that altcoins are still being suppressed? - Market Sentiment: Pay attention to retail sentiment. Are traders frustrated, panicking, or giving up on altcoins? This could be a sign that accumulation is nearing its end. --- Smart money thrives in uncertainty and chaos. They rely on retail traders making emotional, short-sighted decisions. If you understand this and act with patience and discipline, you can avoid being a victim of their tactics. Remember, this is a game of strategy, not emotion. Don’t get caught in the trap.
COINBASE:BTCUSD
by The_ForexX_Mindset
17
TOP 10 BEST TRADINGVIEW INDICATORS FOR 2025In this video, I show you all how I use some of my favorite TradingView indicators for my trading & investing strategies & explain how these can be the most powerful tools in your arsenal if you are a trader or investor! My Top 10 TradingView Indicators are also Below: 1. CM_Ultimate RSI Multi Time Frame by ChrisMoody 2. Death Cross - 200 MA / 50 Cross Checker by MexPayne 3. Gaps 4. Indicator: WaveTrend Oscillator by LazyBear 5. Moving Average Convergence Divergence (MACD) 6. Pi Cycle Bottom Indicator by Doncic 7. RCI3lines by gero 8. Stochastic RSI 9. TDI - Traders Dynamic Index by JuanManuelOrtiz 10. True Strength Index
BITSTAMP:BTCUSDEducation
by Jonalius
8
WARNING!— The RAID SIREN has Sounded“Traders, I’m putting this prediction out there for Bitcoin in advance. The whales may think I’m too slow to catch on to their tactics, but I see what’s unfolding. We’re witnessing this surge in real time, and here’s my take—don’t quote me, but keep it in mind. When the daily timeframe closes today at 4:00 PM Pacific Time (check your time zone), I believe smart money will move in with a 2-wick candle trap. It’s their silent signal, what I call ‘body language,’ and it means we’re at a pivotal point: the $85K target. This $85K mark has been my target from the start. Months ago, I told many of you that a reachable price level would appear before we see a significant correction. I even predicted that the fall would be severe, but not quite enough to qualify as a crash. Now, the trap at $70K is clear, something I only discovered days ago. This may very well be the level where Bitcoin’s decline could head. Some of you asked for a warning. Here it is—not a warning, but insight. Remember what happened with the $85K target. Price surged, but it didn’t break below the stop-loss. Now we’re looking at a potential target of $90,372. While it could be reached, I’m not banking on it immediately. The price might stay within range, but for now, it doesn’t look like it will fall below $70K—although that’s uncertain. I’m not rushing to post a flashy TradingView idea showing a short target. My PIPS ATR calculation isn’t ready for that just yet. I won’t have confirmation until we see a $3K drop, at which point the path down will reveal itself. I’ve changed my approach. No more jumping the gun. I’ll wait for the signals to align, for the right moment, and that short position will come, even if there’s a delay.
COINBASE:BTCUSDLong
by The_ForexX_Mindset
206
BTCUSD- Prices will fall, please be careful!!BTCUSD- Prices will fall, please be careful!! A close (preferably 4H) below blue forkline would confirm the blue C-fork is in play and suggest a fib-based target of ~84k (0.618 retracement). if 1st target of 84k is reached, it would technically activate the bigger C-fork (red) and close below the red forkline would suggest a further drop to ~77k (0.618 retracement). Coincidentally this would fill the CME gap. Historically almost all CME gaps have been filled. If this plays out, 77k would be a fantastic spot to open some longs both on BTC as well as altcoins.
BITSTAMP:BTCUSDShort
by Frires-F
6
Bull flag pattern (with potencial 50% profit R:R 2.6 setup 4BTC)After that BAD NEWS unpredictable shakeout .... Market was warning us but people rally too much on fundamentals. a Bitcoin Bull Flag Formation on the 4-Hour Chart In the chart displayed, we observe a classic Bull Flag formation in Bitcoin's price action, signaling a potential continuation of the ongoing bullish trend. The pattern consists of a sharp upward movement, forming the flagpole, followed by a period of consolidation within a downward-sloping channel, which forms the flag. Key Observations: Flagpole: The initial surge in price that formed the flagpole is indicative of strong buying pressure, suggesting that the bulls are firmly in control. Consolidation Phase: The price action within the flag is characterized by lower highs and lower lows, typical of a flag pattern. This consolidation is healthy as it allows the market to cool off after the rapid ascent. Volume Analysis: During the formation of the flag, we observe decreasing trading volume, a common feature of bull flags, indicating that sellers are losing momentum. A breakout from the flag with increasing volume would confirm the pattern and likely lead to another leg up. Potential Breakout: The upper trendline of the flag is a crucial resistance level. A decisive breakout above this line, especially with a spike in volume, would be a strong bullish signal, potentially leading to a continuation of the uptrend towards higher targets. Price Targets: If the bull flag plays out as expected, the measured move technique suggests a potential price target equal to the length of the flagpole, projected from the breakout point. This could imply significant upside potential for Bitcoin. Support Levels: Immediate support is observed at the lower trendline of the flag. A breakdown below this level might invalidate the bull flag and could lead to further consolidation or a bearish reversal. Technical Indicators: Relative Strength Index (RSI) is currently in the neutral zone, indicating that there is room for further upward movement before reaching overbought levels. Moving Averages are sloping upwards, aligning with the bullish outlook. This setup offers a compelling risk-to-reward opportunity for traders looking to capitalize on Bitcoin’s next potential move. As always, prudent risk management is advised, considering the volatility inherent in cryptocurrency markets. Cheers
COINBASE:BTCUSDLong
by Anoinvest
10
BTCUSD Analysis Today: Technical, Order Flow and On-Chain !In this video I will be sharing my BTCUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your crypto trading skillset. The video is structured in 4 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software, then I will be moving to the on-chain analysis and lastly I will be putting together these 3 different types of analysis.
BITSTAMP:BTCUSD
by Transparent_Fx_Analysis
3