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BTCUSD trade ideas

BTCUSD Short-Term Analysis for 08/11/2024 Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 1-hour Market Analysis: The 1-hour BTCUSD chart exhibits a weakening bullish trend. However, with the price holding above the 20 and 50 EMA, there's potential for another upward move. Key support level to watch: 74,551.42. A break below this level could trigger a downturn to fill the imbalance gap." gap. Key Levels: Support: 74551.42 Trading Bias: Following up on our previous analysis, the BTCUSD price continues to consolidate within an bullish pennant pattern on the 1-hour chart. The probability of an upward breakout is increasing, which could propel the price towards new highs, potentially to 78,000.
COINBASE:BTCUSDLong
by avatarfreak
November 8 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is no separate Nasdaq indicator announcement today. I think the Nasdaq adjustment will be the most important, but in any case, Bitcoin's main safe zone is the 1+4 zone. As indicated below, if the bottom doesn't break in 2, it will be important to see how it will endure the 4-hour MACD dead cross that everyone knows. Bit's short-term pattern is broken. It will be important to see whether the 30-minute support + daily support are broken and the match is decided at 1+4. Before this zone is broken, the principle is to continue to follow the trend, so you can focus on long positions. If it breaks, you can mix long and short at that time. *When the blue finger moves, it is a two-way neutral long->short ->long switching strategy. For those who are not confident, it is better to focus on long positions rather than short positions, and it is important that the 4-hour chart MACD dead cross is engraved and that it does not deviate from the main section. 1. $75,459.5 long position entry section / stop loss price when the green support line deviates or stop loss price when section 1 is touched The section 1 at the bottom is a place where the long position entry section can be pushed. If it is not touched at the same time, it can be pushed by bypassing section 2 or the bottom, so be careful. 2. $76,500 long position 1st target / short-term short position entry section, stop loss price when the orange resistance line is broken As explained above, it can be cost-effective and risky, so it is important to maintain it by waiting for a long position after liquidation or modifying the long position stop loss price rather than short. If you touch 76.5K right from the current position, you can start with a short position. 3. 75987.5 dollars long position switching / stop loss price autonomous Top -> Good section target furniture during the weekend Check the Bollinger band center line shape according to the 4-hour chart candle shape that is additionally created at 9 o'clock and see if the MACD dead cross is imprinted every 4 hours It won't be difficult to operate. Even if it moves sideways today, it is best if it is maintained without breaking the green support line or if it protects the 1-hour chart support line. The purple flag on the far right is the section where additional weekly chart candles are created next Monday If you drag the chart up and down until the weekend The top is Good above the Great section The bottom is the 3rd section below the main price I checked it, so I think it would be good to use it freely. There are no significant waves yet, and it has been moving sideways since yesterday, so it is very difficult to analyze or explain. My two-way strategy may fail, but the drawing and price do not lie. For those who are going to trade, I hope you operate safely with the principle of trading and stop loss. Thank you for your hard work this week.
BYBIT:BTCUSD.P
by BitCoinGuide
Bitcoin’s breakout above $73,000, target of $75,000 to $77,000Here's a technical analysis based on your Bitcoin (BTC/USD) chart: 1. **Current Price and Key Levels**: - **Current Price**: Bitcoin is trading around $72,595. - **Breakout Level**: The price recently broke through the $73,000 resistance level, indicating a strong upward momentum. - **Support Levels**: Key support levels are visible around $66,593 and $54,896. 2. **Trend Analysis**: - Bitcoin is in an uptrend channel, with higher highs and higher lows forming. - The breakout above the $73,000 resistance signals potential bullish continuation. 3. **Target Levels**: - **Short-term Target**: Based on the channel and breakout, the next target range is around $75,000 to $77,000 . 4. **Stochastic RSI**: - **Current Stochastic RSI Level**: The Stochastic RSI is around 67.25, showing that it is nearing the overbought zone. - If the Stochastic RSI enters the overbought zone, it may indicate a potential pullback or consolidation. 5. **Volume**: - The net volume is relatively low, suggesting that the breakout might need more volume support for a sustainable uptrend. Summary : Bitcoin’s breakout above $73,000 indicates bullish momentum with a possible target of $75,000 to $77,000 . However, watch for overbought signals in the Stochastic RSI, which may indicate a pullback. Maintaining support above $66,593 will be crucial for the bullish trend to continue.
BINANCE:BTCUSDLong
by Z4F4R
1
BTCUSD | 95K Target 1:1 Move | BullishThis will be the first big trade at the start of the exponential cycle we're about to witness for the 5th time in BTC history. Considering the descending broadening wedge pattern, a 1:1 move into the pattern gives a price target of roughly $95k. It can also been seen as a flag pattern which also reads a $95k impulse target as seen below: If you want to look at more longer-term targets and analysis of CRYPTOCAP:BTC , I've attached 3 of the charts I've made which will satisfy that long term bullish outlook. Best of luck to you all out there involved in this space and remember, manage your risk appropriately.
BITSTAMP:BTCUSDLong
by Mt.BFX
HolderStat | BTC has reached a new ATHHaving analyzed 100 mln bitcoin wallets, we formed an index reflecting their sentiments. And here are the conclusions we came to 👇 👉 The current values are at 62 points, and over the last 24 hours 100% of transactions were made for sale. 💡 After Trump's victory, the cryptocurrency market surged and BTC reached a new ATH, while the observed wallets mostly refrained from transactions and some made sales. This behavior can be seen as both anticipation of a BTC correction and a liquidity spillover into altcoins in pursuit of greater profits. 📌 Considering the correction scenario, it is worth noting that the levels of $73,000 and $70,000 may become a significant barrier to decline. Also, we should not forget that today the Fed will announce a decision on the key rate, which may affect the volatility of the price.
COINBASE:BTCUSD
by HolderStat
BTC vs XAU (Gold) Cup and Handle On the weekly chart of Bitcoin ( CRYPTOCAP:BTC ), we can see the formation of a massive Cup and Handle pattern 📈☕. This pattern is well-known as a bullish indicator, suggesting a potential continuation of the upward trend 🚀. To better understand the implications of this pattern, we can compare the performance of Bitcoin with gold ( TVC:XAU ) 🪙 vs. 🟡. In the past, gold displayed a similar pattern, which was followed by significant price increases 💰. If Bitcoin follows a similar trajectory, we could anticipate considerable appreciation in the near future 📊.
BITFINEX:BTCUSDLong
by mrvitz78
Bitcoin Approaching Major Resistance – What to Watch Next Bitcoin’s on a tear, currently pushing toward a massive resistance at $77,000. While the momentum is strong, many traders seem to be overlooking this critical weekly trendline, which could pose a significant challenge in the short term. Here’s my outlook: • $77K Weekly Resistance: Expecting a brief pause or even a retracement here. This level has historically been a key pivot point and could act as a temporary cap on the recent bullish surge. • Next Monthly Resistance at $79K: If we break through the weekly resistance, we’re likely to retest $79K quickly. This is the next big level to watch on the higher timeframes, as it may signal the last pause before the final leg up. • Blow-Off Top Between $95-110k: Beyond $79K, I’m eyeing the potential for a blow-off top, with the final move targeting the $95-110k range. This would align with typical Bitcoin cycle peaks, where parabolic advances often reach unsustainable levels before a larger correction. Again, I expect this cycle to top out earlier than many expect. I’m looking to the FOMC for guidance; another 50bps cut would likely confirm that behind the scenes, things are falling apart. In summary, be cautious around $77K, but if we break through, the path to $100K could open up quickly. This run looks poised for a strong finish, but we’re in for some turbulence as we approach these key resistance levels. Trade wisely and stay alert for sudden reversals.
BITSTAMP:BTCUSDLong
by Sellicks_forgotten_moustache
US Elections impact on BitcoinHistorically, no matter who wins the elections, Bitcoin wins: - Bitcoin’s supply capped at 21 million coins; - Immutable monetary policy; - While governments will continue to print money; - And expanding government debt; Volatility is only short-term. Here's why: Like Paul Tudor Jones said, "All roads lead to inflation". Cash will always lose money over time BUT assets like stocks, Bitcoin and crypto will go up in value. In the short term, crypto might perform a bit better if Donald Trump wins the elections. He seems that the big crypto corporations (Coinbase, XRP, a16z) donated millions to Trump in exchange for more crypto friendly regulations. In the long term, it doesn't matter who wins the elections. In the long term, Bitcoin and crypto are likely to perform well both under Trump or Harris. Why? Because the correlation coefficient between Bitcoin and the US M2 money supply is 83%.
BITSTAMP:BTCUSDLong
by HenriqueCentieiro
BEARISH CASE ANALYSIS FOR BTCBullish or Bearish, it's always a good idea to see below the surface and trade cautiously managing risks. BTC has a bullish sentiment overall, however structural analysis is painting a cautious sign to be too over optimistic. The cup and handle pattern formed is still not confirmed and can fail. I have seen these many times in my trading experience. On the chart we have weak RSI (just above 60) heading into new all time high attempt, a shooting star candle on the weekly chart, a failed new high zone forming a double tops pattern. These don't support a strong bullish case. There is also a daily RSI and MACD divergence which has propelled the pullback since this publication. I am watching for when this divergence is played out completely to assess a bulls case structure. Of course I agree with the bulls on the touch of the daily Bollinger band and if support is found at the 21 EMA or $68300 price level then we're off to another bulls run. I just want to share my thoughts on BTC price structure. Cheers !
COINBASE:BTCUSD
by RICHINVESTOR
BTCUSD 1H TIMEFRAME Analysis and Trade Setup for BTC/USD: Overview: In the 1-hour timeframe, Bitcoin is displaying signs of a triple bottom formation around the $68,773 - $69,342 zone, indicating strong buying interest at this level. This pattern is often considered a reversal signal, suggesting a potential upward move if BTC can hold above this support zone. Key Levels: Support Zone: $68,773 - $69,342 Take Profit (TP) Levels: TP1: $69,878 (minor resistance level, initial target) TP2: $70,166 (near key resistance, moderate target) TP3: $71,333 (stronger resistance, swing target) TP4: $72,657 (major resistance, extended target) Indicators: Ichimoku Cloud: BTC is trading within the cloud, signaling a potential trend change. If BTC breaks above the cloud, it could further confirm bullish momentum. RSI: The RSI is moving towards the oversold region but has yet to show a reversal, suggesting that buyers may step in soon. MACD: The MACD is below the signal line, but a potential crossover could occur if buying momentum increases. Trade Idea: Entry: Look for entries around the current support zone ($68,773 - $69,342) if Bitcoin shows further bullish candlestick patterns. Targets: TP1 at $69,878 TP2 at $70,166 TP3 at $71,333 TP4 at $72,657 if there is enough volume and momentum. Stop-Loss: Place a stop-loss just below the support at $68,773 to protect against unexpected downside. Potential Path: If BTC holds the support zone and confirms the triple bottom pattern, a rally could follow. A breakout above each target level can pave the way for further gains. Watch for consolidation at each resistance level for signs of strength before BTC moves higher. This setup combines technical analysis with Ichimoku, RSI, and MACD indicators, aiming to capture a potential bullish reversal if the support zone holds. Remember to adjust your position size and trade management based on your risk tolerance. Good luck with your trade, and may the market be in your favor! 📈
BINANCE:BTCUSDLong
by ProfitLanderCharts
UPTOBER ENDS Bitcoins monthly close is behind us and it's an interesting one... For most of the last day of the month BTC was above the previous monthly close high of $71,413.40. However, Bitcoin failed to close above that level coming up 1.67% short. Despite this the monthly candle is very strong, historically October is a good performer hence the "UPTOBER" nickname and this time around was no exception with an +11% move. I said in a previous post that a retest of the '21 ATH @ $69,000 is possible and likely, in the last 8 months BTC has routinely rejected off this level with no acceptance above, just SFPs galore. This is the chance to retest and accept as new support. that would set up a move for ATH and above. Q4 so far has been positive, we know that this month will be a strange one as the US election is in a few days and can sway markets so volatility can be expected. In the end I think the trajectory is new highs by the end of the year.
BINANCE:BTCUSD.P
by ProR35
Crypto Prices Rally After US Election ResultsMarket Update - November 18, 2024 Donald Trump secured presidential win:  The news is widely seen as a boon to the crypto space because of Trump’s pro-crypto policies. Bitcoin prices hit an all-time high. Solana reached a record 123 million active addresses in October, up over 42% from September:  The network’s user engagement is now reportedly surpassing that of Ethereum by some measures. Spot bitcoin ETFs in the US reported $541 million in outflows on Monday, marking their largest daily decline since May:  But they charged back on Wednesday to make up for the losses, pulling in more than $621 million. Lawyers for Binance and ex-CEO Changpeng Zhao have filed a motion to dismiss an amended SEC complaint:  The motion argues that the SEC has failed to provide standards for defining crypto securities. Mt. Gox transferred roughly $2.19 billion worth of BTC to unknown wallets on Monday:  The move follows a recent repayment delay announcement, with creditors still awaiting funds from the exchange’s 2014 collapse. Trump Wins Presidency After Securing Every Swing State Donald Trump was re-elected president of the United States this week, defeating vice president Kamala Harris by securing the 270 votes needed to win the electoral college. The win is widely seen as a positive for the crypto ecosystem. Over the past few months, Trump has pledged his support for digital assets. In July, he spoke at the Bitcoin Conference in Nashville, promising to set up a national strategic bitcoin reserve and to fire SEC chair Gary Gensler, who has filed numerous lawsuits against a range of cryptocurrency exchanges. Additionally, Trump recently launched World Liberty Financial, a DeFi company that plans to sell $30 million in tokens. Meanwhile, Harris never took an official policy stance on regulating crypto. And as vice president, the Biden administration largely had a hawkish stance against crypto companies, with Gensler taking a regulation by litigation approach that largely alienated an asset class that has become increasingly entrenched within traditional finance. The price of bitcoin hit an all-time high this week, surging to more than $76,500 by Thursday afternoon. The crypto ecosystem received another boost earlier in the day when the Federal Reserve said it would cut interest rates by 25 basis points, bringing the target range to 4.5%-4.75%. Solana Hits Record 123M Monthly Active Addresses Amid Memecoin Boom Solana achieved its highest monthly count of active addresses in October, reaching over 123 million, marking a notable increase from September’s figure and showcasing a recent surge in user activity. Analysts have attributed the growth to the popularity of memecoin trading, spurred by platforms like the token creation app Pump.fun. Some industry reports have also been highlighting Solana’s rising engagement levels, noting there are over 100 million active addresses compared to Ethereum’s 57 million. Additionally, the rise of AI-linked memecoins have reportedly led to this increased activity. With Solana designed as a lower-cost network in comparison to other smart contract compatible chains, this may be playing a role in increased engagement as well, as innovators have difficulty accepting comparatively expensive Ethereum gas prices. 🎈 Topic of the Week: Helium Network (HNT) 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail