BTCUSD trade ideas
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context?
News Impacting BTC's Price
Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments.
Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum.
BTCUSD’s New Prospects
BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
BTC/USD | We could possibly see new highs before this year ends!We've seen former US President Trump used Bitcoin to pay for the food and drinks of patrons who attended the crypto-themed bar in New York. I guess this unique situation speaks for itself.
If he will get re-elected, be ready for another breath taking crypto rally.
But honestly here's my opinion, inflation is the greatest enemy of fiat currency because of the unlimited supply thus fiat currency loses its value as time passed and since BTC is limited, I think Bitcoin will be the safest storage of wealth in the future. Unlike Gold, you can bring your Bitcoin in any part of the world.
BTC TOWARDS THE ELECTIONSTomorrow is the big day, all assets might break down and aim at lower lows and key levels, espcially in the US ;
USD, GOLD, BTC and NASDAQ will all be touched by this ;
BTC has already broken and will confirm tomorrow.
BTCUSD LONG FOR TARGET 69392At current label BTCUSD buy for the target of 69392 with a small stoploss 68749
BITCOIN - BTCUSD - SWING IDEABitcoin is currently testing the 0.5 Fib Area along with the market structure Resistance. We can LONG after it breaks the 69,900 Level and aim for ATH (All Time High).
Otherwise, in case of a breakdown, we can look for a small scalp/trade.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
R/S Flip at $69k InvalidatedThat's the second wick below $69k in 3 days. Based on the number of times that has happened since BTC first engaged with the 2021 Top in March, it's a good indication that price is likely to go down further.
The next levels of technical support are at the 2021 Mid-Cycle Top at $64.8k and the 21-Week Moving Average, currently around $62.7k
rally that is slow taking offwe have broken out of the channel weekly and are trying to confirm another higher daily low in the pattern. sequencer has not completed its bull exhaustion pattern, and we havent lost trama although it isnt rising yet. supertrend is still in a holding pattern, but the larger move hasnt brought us down to signal at this top yet. new all time highs are still the target, and i wouldnt be surprised to see this confirm a breakout and head toward $79k. im interested in smaller moves, and ill be using BITO during normal trading hours.
Saturday 2nd November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
I dont trade crypto or follow Crypto news, My technical analysis is just for fun & to practice.
THE WHALES accumulate in BTCis it clear now btc ?
NASDAQ indice had the same confermation before break the top of december 2021 , btc on accumulation and it's prepare for a big movement up ,
this boring movment and go up and down , it's just to make ppl disbleaf in this market and to let ppl sell thier coin , not all ppl will get rich .
now we are making a bottom ,
the big confermation is breaking above 66K.
don't be greedy . don't but your all eggs in one basket
this is my analyse it's not a recomandation to buy or sell !!
#bitcoin (cryptocurrency)
#btc
#bitcoin
BITCOIN TREND PIVOT With all the geo-political noise it's easy to get caught up in the low timeframe madness. Zooming out and looking at the High timeframe structure, things get a little simpler...
For me, BTC has been in two different smaller phases within a larger bullflag pattern. Phase one is the bearish part of the bullflag where price prints lower highs and lower lows , this lasted for 150 days with a pivot once price wicked into the bullish OB @ $50K.
From that pivot point the second phase started and it's where we are now. Once we got our first higher low the new bullish trend began, higher lows and higher highs followed and continues on until now.
Now the interesting part is how BTC has broken out of the bigger bullflag pattern and that's shown by the X's and ^'s on the chart. In recent days BTC has broken out of the bigger bullflag pattern as shown by the tick where price rejected off the '21 ATH and retested what was formerly trend resistance and now support after a successful bullish reaction off that level for the first time in 8 months.
Price is now at the highs with the US election around the corner and %16B FTX repayments on the way , can BTC go one step further and make a new ATH? Time will tell but for now the structure is the most important thing. Higher highs and higher lows, that's it.
Bitcoin Flag pattern aim towards 100k
Second scenario BTC aim for 100k
In first scenario we see that RSI divergence and last time 70% retracement
but last time it's not flag pattern
So what you think, trade with SL and proper risk management.
Thursday 7th November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
My technical analysis is just for fun & to practice.
I only use basic charting knowledge (I dont keep up to date with Crypto News).
Good Luck!
Bitcoin’s Meteoric Rise: Aiming for $150K by 2025In our analysis of Bitcoin, we believe the bottom was reached in November 2022. Since then, we’ve observed a significant upward trend. We expect this momentum to continue, with Bitcoin reaching between $120,000 and $150,000 by February 2025. After hitting these highs, we anticipate a substantial correction to follow.
🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon.
65K is my ideal support for further corrections.
Follow me for more insights ... 🚀🌕
📈 What to Expect?
Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024?
🔑 Key Insights:
Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹
🧐 The Break Point:
The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐
📊 Strategy for Investors:
The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈
💥Be Part of the Revolution:
#Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕
#Halving2024 | #BTC | #CryptoRally
BITCOIN HEADING HIGHER! BUCKLE UP!!!COINBASE:BTCUSD NASDAQ:IBIT
🚀BITCOIN HEADING HIGHER! BUCKLE UP!!! 🚀
Bitcoin is unstoppable, and the next U.S. President won’t change that! 🌟 +67% Potential!
In our previous video, we did a deep dive into Bitcoin. Here's what we covered:
1️⃣ High Five Setup: MASSIVE Multi-Year Cup & Handle and Bull Flag Patterns.
2️⃣ Historical Review: CRYPTOCAP:BTC tops and bottoms – spoiler: we haven’t topped yet!
3️⃣ Trade Insights: Entry/exit points and price targets.
We've successfully bounced off the BULL FLAG retest area and are heading higher. Breaking $74k could mean a breakout of the multi-year cup n handle pattern, targeting over $100k! 🚀
It's early on election night, but in the long run, it doesn't matter for Bitcoin. Don’t believe the FUD.
NFA
#Bitcoin #Crypto #TradingStrategy #HighFiveSetup
Bitcoin Breaks the Trendline: Breakout or Just Another Fakeout.?Bitcoin has once again breached its established trendline, raising the question of whether this is a legitimate breakout or just another false movement, akin to previous instances. At this juncture, Bitcoin could take two potential paths. For a significant downward shift to occur, Bitcoin must break through a critical support level of 66000 dollars. If this level is compromised, it may indicate a sustained downward trend.
It's also important to note that upcoming events, such as the US elections, could have a substantial impact on market dynamics. Therefore, exercising caution and conducting thorough analysis before making any investment decisions is highly advisable.
Bitcoin (BTC/USD) Technical Analysis Summary:
- Timeframe: 1-hour
- Trend: Ascending channel
- Key Indicators:
- 100-period SMA: BTC is trading below this level, showing short-term bearish sentiment. A reclaim above the SMA could indicate bullish momentum.
- MACD: Currently bearish, with the MACD line below the signal line and a negative histogram, suggesting selling pressure.
- Support Levels:
- Channel Support: Around $67,000. This level is crucial; a break below could signal a trend reversal and potential downside toward $61,800.
- Resistance Levels:
- Channel Resistance: Near $72,000. Breaking above this could indicate a continuation of the bullish trend.
- Volume: Low volume suggests limited strength in current price movements. Watch for increased volume near support or resistance to confirm a breakout.
Summary: BTC is testing the lower boundary of its ascending channel near $67,000. Holding this support could provide an opportunity for a rebound. However, a break below this level with increased volume may signal a bearish reversal.
Personal Opinion What we’re focusing on right now is that there’s an important support line that doesn’t want to break at this moment. However, the positive news from the U.S. election—if Trump wins—might help it dip a bit further before making a stronger upward move.
BTC EXTREEMLY BULLISH ON WEEKLY CHART!!🚨 Warning: For the brave-hearted only! 🚨
BTC is looking extremely bullish on the weekly timeframe! We just saw a hammer candlestick form at the “bottom” of this trend — a textbook bullish reversal signal! 📈
🎯Targets🎯
I have a minimum target of:
35% to 52% upside based on the recent price structure and strength of this hammer. 📊
Invalidation
🔴 Invalidation: If we break below the previous low on this chart, that could spell trouble, but until then — it's game on! 🎯
Disclaimer: 🚨 This is not financial advice — As always, trade responsibly and make sure to double-check which way is “up.” 😂
Long term Bitcoin plan of action.This is what I envision for Bitcoin up until 2030. I believe this current 2 week candle will close as a doji and then the following weeks after the US elections to be bullish. Bitcoin peaks around $93,236 based on fibs. Distribution will take place and price will thenhave a 50% to 60% bear market retracement that takes the chart into 2027 or 2028. That's where the market will bottom at around $45,000. Once renewed enthusiasm comes back into the market there will be a parabolic move skyrocketing Bitcoin to $336,000 where it will consolidate for some time having 40k + and - swings. After redistribution, hyperbitcoinization starts to become a reality around the world with one country after another making it their standard form of payments. At this point, there will be no top, at least not in our lifetimes. Bitcoin will continue to rise as global adoption takes place and by 2140, the year the last Bitcoin will be mined, you will use your Bitcoin to do anything. As Michael Saylor puts it, "There is no second best."
BTC range rotation? BTC closed below the Value Area High (VAH) of the range, suggesting that the next likely move could be towards the Point of Control (POC) at 66-67k and the VAH of the range at 60k+. Will we see a range rotation?
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin Daily Chart for October 25, the "Interim Rebound" in Bitcoin has successfully concluded the Main Inner Coin Rally at 73300. It has subsequently retraced to the support level of 69400. This level represents the inverse of the previously completed Inner Coin Rally at 69400. We anticipate initiating a primary rebound, which is expected to support a recovery that will retest the Key Resistance at 73200. This movement will align with the completion of the Main Inner Coin Rally at 73300 and may lead to further progression into the next phase of the bullish trend, designated as the Next Inner Coin Rally at 78500 and beyond. Conversely, we project a potential additional pullback to satisfy the criteria of the newly established Inner Coin Dip at 66200.
