Market Recap: Halloween edition + BTC Warning (October 31, 2024)In this video, we look at the monthly closes of a lot of our favorite names to figure out what is potentially next for election season and November
BTCUSD trade ideas
BTCUSD may hit a new all-time highOn the daily chart, BTCUSD has broken through the $70,000 mark, and the short-term bullish trend is dominant. Currently, you can pay attention to the support near 69,500. If it falls back and stabilizes, you can consider continuing to buy. The upper resistance is around 73,800. A breakthrough will open up upside space.
Bitcoin: Cup and Handle Breakout PotentialBTCUSD technical analysis update
BTC has formed a Cup-and-handle pattern on the weekly chart over the last 1,100 days and is currently trading at $67,000, approaching a key resistance level. A breakout above this resistance would signal a potential upward trend. Once the breakout occurs, we could see a strong bullish move, with the potential for a 100% to 200% increase.
Regards
Hexa
BTC wave structure analysis on 4 hour and daily timeframe- Daily time frame, after price gave stop hunting signal, price increased again.
- On the 4-hour time frame, the price broke through the strong peak and gave a bullish reversal signal.
- So there is a high possibility that BTC will continue to rise and break the previous top.
BTC USD UpdateBitcoin has pulled back into a discount zone after its last range before new highs. We are patiently waiting for a rotation higher. Whatever happens, we don't want to lose the $65,500 low; that would signal a bearish shift. Let's see if we get volume tomorrow and start cruising.
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Stop Loss 🛑: Recent Swing High using 2H timeframe
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Time to short, back to 64kWith 3 recent liquidation that happened previous week ( one on Wednesday because of S&P drop , one on friday because of tether news and one on Saturday because of Israeel attack on Iran)
I dont think buyer are in control anymore , price is pumping on low volume weekend so that whales get out of their positions before the US market opens tomorrow .
Idea is simple with all this risk and heavy selloffs, it's very reasonable to atleast go to lower part of trendline at 64k before starting another leg up if Trump gets elected
Bitcoin PoundLike in recent post I mentioned two possible bitcoin scenarios. My most recent post was a sell around $69,000-$73,000.
Scenario two was a break above 69,000 to 73k
Right now if the rejection right before the all time high goes back to 69k there are two possible scenarios.
Scenario 1: A buy back towards 73k and a break to 79k.
Scenario 2: would be a entry on the sell to 42k
Good luck!
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.
Bitcoin Consolidating Under ATHConsolidation under resistance usually leads to expansion. Sitting just under the previous all time high and gathering strength is actually what we want to see.
It is likely only a matter of time before Bitcoin breaks up again.
BTCUSD BULLISHLooking at 4H FVG for more buys.
-only take it during killzones as long it stays within that 4FVG
BTC H4 Bull Pennant FormingBTC/USD on the H4 chart is currently forming a bull pennant between a descending resistance and a horizontal support. The stochastic RSI is ready to swing back after a little more pullback.
Targets for the trade are the 2.236 and the 2.618 extensions of the previous high swing low. Targets marked with white horizontal lines.
Not financial advice.
Do your own DD.
Thanks for viewing the idea.
Bitcoin Market Analysis: Key Support LevelsHello Traders! In this analysis, I'll be breaking down my current perspective on Bitcoin's recent price action and highlighting key support and resistance levels to watch. Let's dive in!
🔍 Overview:
Bitcoin recently retraced to the $50,000 level, encountering robust support within a well-established price channel. This channel, which previously marked significant highs and lows, has held up through multiple retests and continues to offer strong support for a potential move higher.
📈 Key Technicals:
Support Levels: Bitcoin respected the $50,000 mark, coinciding with the lower boundary of a major price channel and an anchored VWAP from the previous impulse around $23,000. These levels offer a strong base for potential rebounds.
Range Analysis: Looking back, Bitcoin has faced rejections near prior value area highs, but it recently managed to reclaim and hold these levels. Each retest and bounce within this area reinforces the strength of this support.
Conflicting Signals: While Bitcoin shows strength in the high timeframe, lower timeframes reveal a slight downtrend within a descending channel, which could limit immediate upside in the short term. However, the weekly close above the channel suggests resilience.
📉 Strategy:
I'm monitoring for a sustained hold above $50,000 and any signs of breaking out from the low timeframe downtrend. If we see continued strength above this level, it may confirm an upward bias. This setup could present a favorable opportunity for a long position, aiming to capture the next wave higher.
What are your thoughts on Bitcoin’s current trajectory? Let me know in the comments and share your insights! 🚀
#Bitcoin #BTC #Crypto #TradingSetup #SupportAndResistance #MarketAnalysis
Bitcoin on track for best monthly gain since MarchBitcoin trades at $72,362 (-0.50%), on track for a stunning 14.3 % gain in October, its largest monthly gain since March 2024.
Bitcoin's rally this month has been driven by a supportive risk backdrop, geopolitical uncertainties, and the market's continued pricing in a Donald Trump election victory next week.
Bitcoin needs to see a sustained break above resistance at $74,000 (ideally after next week's US election) to confirm the uptrend has resumed towards $80,000.
Bitcoin (BTC): Price Testing Again Major Resistance ZoneOn a daily timeframe we are seeing price back at resistance testing it (after a successful re-test of blue zone).
Now that we are in a new weekly opening zone, we are monitoring the price of Bitcoin near this zone for multiple reasons.
The first would be that it is the zone of ATH and the second is that we are near elections in the US, which have a huge impact on the crypto market.
Volatility is guaranteed soon so be careful!! We wait for weakenss to kick in after what we want to see a further movement to lower zones!
Swallow Team
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! 👀
Happy Bitcoin White Paper Day! Happy Bitcoin White Paper Day! 📜✨
Today marks an essential day in digital assets and decentralized finance. On October 31, 2008, Satoshi Nakamoto introduced Bitcoin to the world through a revolutionary nine-page white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System." This blueprint set the foundation for the first decentralized digital currency, fundamentally reshaping our view of money and unlocking new pathways to financial freedom.
As we celebrate this milestone, it’s inspiring to reflect on Bitcoin’s evolution from a bold idea to a powerful global asset that has transformed finance and decentralized ownership. Whether you’re a dedicated HODLer or actively trading, today serves as a reminder of what makes this space truly unique. Let’s honor Satoshi’s vision of decentralization and financial empowerment as we look ahead to Bitcoin’s promising future. Cheers to Bitcoin’s past, present, and all that’s yet to come!
FOREXX ATR AUTO DETECTOR Here is a perfectly coded ATR. I had said before; that I would be using a 1-hour timeframe, registered on a 4-hour timeframe.
ATR MULTIPLIER is at 1.5
ATR LENGTH 14
Entry reads: $66,715
Profit reads: $68,085
Stop reads: $65,337
The above prices is my long position. If you look at my idea, my long position isn't aligned with my ATR green blue, and red horizontal lines, they were before but that's because my ATR horizontal lines are auto. As the trend moves, the lines move meaning take profit can be greater.
This ATR works wonders but I must know where to enter and for that, I have my algo. This ATR is far better than anyone out there sold in the market trading industry.
I can stick to my long position or I can follow the ATR horizontal lines because eventually, the price will get met. Now I would say as the lines move over my long position, then anything above my target is extra as I follow the blue ATR WAVE.
If in case the trend begins to fall then it will adjust back to my long position or if the trend falls any deeper, the stop line will move downwards to a much lower price when your actual stop price is much higher.
I'm also showing you the spoofing done by whales. How is my spoofing evaluated?
Spoofing: refers to attempts to manipulate the market by placing fake orders to deceive other traders.
- The script detects spoofing by checking if there is an **unusual volume spike**, meaning the volume is significantly higher than usual (# times the ##-period moving average).
- It also checks for **price stability**, where the price change is less than #.#%.
- If both conditions are met (volume spike + stable price), a spoofing event is detected, marked with an orange triangle on the chart labeled "SPOOF."
I've completed this idea to show our next simple price. My next idea I going BRUTAL. I will use a much higher timeframe for a higher price target.
$btc short CRYPTOCAP:BTC short to retest break out levels of falling channel on daily chart , lost support on hourly level.
entry; 71700s
tp1: 70100
tp2:69000
stop:73600
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.
October 29 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.
Nasdaq indicators will be announced at 11 o'clock shortly.
Since the price of Gimp has risen a lot, the goal of breaking through 100 million has already been achieved,
but isn't the margin exchange important?
If Bitcoin goes up a little more, it will skyrocket,
but I had a lot of trouble today because of the entry point.
Well, if Nasdaq doesn't crash today,
Bit has slightly surpassed its all-time high,
so it's a double top, right? (Bearing condition)
First of all, today is not a sweeping condition, and the possibility of a crash is not high,
so we operated very aggressively.
If perfect doesn't come out today,
I will take a day off tomorrow to reflect.
*When the red finger moves,
it is a one-way long position strategy.
1. 70990.5 dollars long position entry section / cut-off price when purple support line breaks
2. Top section 1st target -> Good 2nd target -> Great 3rd target
If you just touch the 1st section at the top, 71694 dollars,
it is an overshooting position, a position where an upward trend is connected,
and if it reaches the Top section, it can be connected to Good right away,
but I tried to be perfect.
If the strategy succeeds and the Top or Good section target price is reached,
it would be good to use the last red finger 1st section as an additional long position entry section.
It is a strong upward condition until the purple parallel line support line is maintained.
Then, the long position entry point is section 2,
and the range is around 700 dollars, so I set the cut-off price short. If the rebound doesn't come out strongly in the 2nd section today,
Since the 3rd section below is roughly the 1+4 section,
I think it would be good to remember this place.
Today, I will leave it short and thick like a man and go in.
Up to this point,
Please use my analysis as a reference and only to the extent of use,
I hope you operate safely with the principle trading + stop loss price.
Thank you.
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.
