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BTCUSD trade ideas

BTC Point And Figure Counting Targets!!!Taking the Wyckoffian approach of counting in PnF charts I figured out these 3 stepped targets, depending on the Y-axis point size (1000 or 2000$), and the start-end for counting the bars. I counted from ST to SPRING and from BCLX to SPRING. Therefore in this chart there are 41 bars between BCLX and SPRING, a "reversal amount" setting of 3 and a size of 1000 $ per point, then 41*3*1000 = 123,000 that are added to the SPRING price (16,000), giving a final target of 139,000. I did these for the other settings comented above, which are more conservative targets. Be ready!
COINBASE:BTCUSDLong
by CryptoPummel
BTC, S&P, USD: Market react to trump victory Former President Donald Trump claimed a sweeping victory over Vice President Kamala Harris in the 2024 presidential race. As a result, the U.S. stock market surged, with Tesla, banks, and bitcoin all charging higher. Trump’s pledge to slash the corporate tax rate to 15% from 21% could lift S&P 500 earnings by roughly 4%, according to projections from Goldman Sachs. The dollar index climbed more than 2%, topping 105 for the first time in four months, as markets priced in a stronger greenback under a Trump administration. Investors anticipate his policies will fuel inflation, which would pressure the Federal Reserve to maintain elevated interest rates to prevent an overheated economy. Bitcoin hit record highs as well, boosted by Trump’s campaign promise to champion cryptocurrency. Bitcoin surged to an all-time high on Wednesday, spurred by expectations of a favorable regulatory environment. How much of Trump’s agenda will become reality remains to be seen, with Republicans’ control of Congress yet undecided.
BLACKBULL:BTCUSD
by BlackBull_Markets
The speculative cup and handle is now valid and in playAfter the recent correction,the previous idea about this cup and handle (which I will link below) which described this pattern as purely speculative because we had not yet started to form a legitimate handle,is now no longer speculative as we have retraced enough and for enough daily candles to consider the current price action a handle even if it breaks above the rim line in jsut the next few days. There are still a couple speculative aspects to this chart. I went ahead and picked a random guesstimate for the length of the handle that I drew with the red trendlines. I tried to make it wider than it might actually be just to try to keep the price action inside its parameters as it develops…I also took its depth down to around the daily 50ma(in orange) it could go lower than that, or it could already have reached its lowest point, I felt doing so would be a nice middle ground for wherever it eventually finds its lowest point to be. Lastly where I placed the dotted green measured move line is also currently speculative…as always I just guesstimate an breakout point for the emasured move line until we have validated the breakdown then I go back an adjust the measured move line accordingly to get the most precise breakout target. Good news is where ever this thing eventually breaks out the target would be somewhere around 130k or higher. Now for the more bearish scenario, Iwent ahead and cloned the rimline of the cup and found that when I put it on the bottom and make a channel with it, there were enough pivotal candlestick touches on that line that not only is the cup and handle very valid so is the channel, this means should we somehow experience some sort of massive black swan, that it would be possible for price action to drop far enough to retest that bottom channel trendline and in turn nullify the cup and handle. This seems like a much lower probability than the cup and handle triggering its validation but it is indeed still a possibility…also, should it do something like that, and the channel becomes the more valid pattern, the breakout target of the channel would be roughly the exact same as whenever we were to break up and out of the cup and handle anyways, so to be honest, a retest of the bottom of the channel would actually be an even greater opportunity than if we just went ahead and broke up from the cup and handle itself because it would allow us to accumulate much more at a much lower price and the percentage of gains that could be made from all the way at the bottom of the channel to the final breakout target would be much higher. For now though I think just breaking up from the cup and handle is the much mroe probable outcome, but I am always ready for the less probable outcomes to occur as well. Really, in my opinion, no matter what happens in this situation, it’s a win win. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
1
BTC USD UpdateAfter months and months of anticipation, the long-awaited ATH has finally been broken through. So, what's next? We're now waiting to see if the weekly and daily candles close with bodies above the ATH. Until then, we'll continue scalping with a bullish bias, but we'll also hold our swing trade runners with stop-losses below the previous week's low. Overall, we've set clear goals and remained steadfast through all the pullbacks. We're glad our strategy has paid off. Let's see what the market makers do next. We'll keep you updated
COINBASE:BTCUSDLong
by themarketknight
BTC USD UpdateAfter months and months of anticipation, the long-awaited ATH has finally been broken through. So, what's next? We're now waiting to see if the weekly and daily candles close with bodies above the ATH. Until then, we'll continue scalping with a bullish bias, but we'll also hold our swing trade runners with stop-losses below the previous week's low. Overall, we've set clear goals and remained steadfast through all the pullbacks. We're glad our strategy has paid off. Let's see what the market makers do next. We'll keep you updated
COINBASE:BTCUSDLong
by themarketknight
BTC bullish breakout sets the stageThe past month I recently decided to move all of my chart analysis posts from X over to TradingView, so I'm going to be picking up here where I left off over there. The last time I posted about COINBASE:BTCUSD I was watching the long term cup and handle pattern and how price was reacting to the upper resistance area of the handle. For the most part, price had been holding steady just below resistance ( FWB:67K ) then we got the breakout 2 week ago. At that point we have a confirmed breakout of the pattern. Price did pull back quickly but continued to hold above the breakout level which was a positive since, where it's been holding steady until yesterday... The past day Yesterday's election gave the catalyst to push BTC back up and to new all time highs. That essentially gives us a breakout, pullback and successful backtest of support which further solidifies this large cup and handle pattern. With all of that said we still use proper risk management as traders. Looking ahead As for the bigger picture, I think this sets up BTC for potentially a very large run. Using log targets off the 2021-2024 cup and handle, that gives a price target of just over $300,000. Whether the market will actually reach this target sooner rather than later remains to be seen, but we now have clear parameters to manage our position around. As for invalidation levels, the setup would become at risk if price reversed back below the breakout level in the near term or if price broke below the low of the handle in the long term. To keep the wind under the bulls sails we really want to see price holding above the top of the cup. Fundamentals I typically don't focus on fundamentals since I'm mainly a price action trader, but I think the impact of yesterday's elections can't be ignored. Yesterday's elections were one of the most significant fundamental shifts to the crypto space in years, as we saw a huge number of pro-crypto candidates win their seats (2:1 margin over the anti-crypto candidates). In addition to that we saw the most pro-crypto presidential candidate of our lifetime win the presidency. This will likely mark a new era of pro-crypto policy and the removal of some very powerful anti-crypto people, like Gary Gensler. This overwhelming victory for crypto lines up well with the bullish long term price action we've been seeing forming in BTC over the past year.
COINBASE:BTCUSDLong
by krugman87
How would the market react to a Trump or Kamala victory?In recent days, the financial markets have exhibited increased sluggishness as investors await the outcome of the US elections. Kamala Harris and Donald Trump represent two starkly contrasting visions for the future of the United States. This article will explore the potential effects each candidate could have on key financial assets, including Oil, Gold, Bitcoin, the S&P 500, and EUR/USD. Oil (Brent) If Kamala Harris secures victory in the election, it is likely that her administration will prioritise renewable energy initiatives and stricter environmental regulations, potentially curtailing the use of fossil fuels. This shift could lead to limitations on oil production and a subsequent decrease in supply. With global demand expected to remain stable, this scenario may initially drive Oil prices higher. Conversely, a win for Donald Trump could result in a relaxation of environmental regulations and an incentive to boost domestic oil production. This approach, often articulated by Trump, may increase US supply available for both domestic consumption and export, potentially leading to lower prices, depending on global demand. Trump's administration might also adopt more aggressive policies towards OPEC, adding to market volatility. Gold (XAU/USD) Kamala Harris is likely to support expansionary fiscal policies, including increased spending on social programs and infrastructure projects. This rise in expenditure may lead to a higher federal deficit, contributing to inflationary pressures and prompting the Federal Reserve (FED) to consider raising interest rates to manage inflation. Higher interest rates could initially weigh on Gold prices, as investors might seek the better yields offered by government bonds. However, ongoing support for international conflicts, such as in Ukraine and Israel, could sustain geopolitical uncertainty, which typically favours Gold as a safe-haven asset. Under a Trump administration, fiscal policies may shift towards tax cuts and reductions in welfare programs. Such cuts could depress government spending and lower aggregate demand, potentially leading to a decrease in inflation and creating room for possible interest rate cuts. Reduced interest rates might drive investors towards equities for better returns or prompt them to seek refuge in Gold during market turmoil. Moreover, Trump's focus on domestic security and diminished global involvement could exacerbate existing conflicts, further elevating Gold prices in the short term. Bitcoin (BTC/USD) Kamala Harris has yet to articulate a definitive stance on cryptocurrencies, but the Democratic platform generally leans toward increased regulation. A stricter regulatory environment could deter institutional investment in Bitcoin, potentially exerting downward pressure on its price in the event of a Harris victory. In contrast, Donald Trump has displayed a growing enthusiasm for cryptocurrencies during his campaign, which could catalyse an initial price appreciation for Bitcoin. Additionally, his rapport with Elon Musk, a prominent Bitcoin advocate, strengthens the case for potential gains in BTC should Trump win. S&P 500 Should Kamala Harris assume office, her administration is likely to continue implementing economic stimulus measures, which could bolster the S&P 500, particularly in the green technology and renewable energy sectors. However, tighter regulations on oil and finance industries might adversely impact certain sectors. Therefore, a moderate appreciation of the S&P 500 is plausible, especially if fiscal stimulus supports domestic consumption. On the other hand, a Donald Trump victory could propel the S&P 500 into a strong upward trend, driven by corporate tax cuts and a less interventive regulatory environment. The financial markets tend to react favourably to tax reductions and deregulation, and a decrease in government expenditure could lower inflation in the short term, providing the Fed with room to reduce interest rates. This scenario could enhance credit access and stimulate domestic consumption, benefiting both corporations and the S&P 500. EUR/USD A Kamala Harris presidency may adopt a more cooperative and diplomatic approach to international relations, particularly with the European Union. This stance could strengthen the euro, potentially driving the EUR/USD pair higher due to improved trade relations. Furthermore, robust spending policies might weaken the US dollar, increasing demand for the euro. Conversely, if Donald Trump wins the election, the euro could depreciate against the dollar as his protectionist and aggressive trade policies tend to favour the dollar in the immediate term. Trump's "Make America Great Again" slogan underscores his commitment to bolstering domestic trade and the dollar. Consequently, any policy that negatively impacts trade with the EU, such as tariffs or aggressive trade measures, could further weaken the euro while benefiting the USD. Preparing for Diverse Market Outcomes In conclusion, whether Kamala Harris or Donald Trump emerges victorious could result in markedly different consequences for the financial markets. It is crucial to recognise that the market is likely to wait and observe which policies will be implemented in practice. The repercussions of the US elections may resonate for months ahead as market participants acclimatise to this new reality. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
MARKETSCOM:BITCOIN
by Marketscom
BTCUSD puts on the big gains 10+%DogeUsd bounces back Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range. BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000 very soon and taking Cryptocurrency with it. DogeUSD puts on more than 14% during the last trading day. TRON TRXUSD is in a fantastic setup now on the higher time frames, see my Post on TRON and the setup, why it's one of the structurally strongest charts in existence and why I see a bullish turnaround in its price very soon. It's price is still under 20 cents and its only getting fatter going forwards.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
$1500 in Competition Profits: Strategizing the Sell PointWith $1500 in profit from a recent trading competition, it's time to evaluate the optimal exit strategy. I'll analyze potential sell points based on key resistance levels, current market trends, and any recent price action signals. Additionally, I'll consider both technical indicators and fundamental factors to identify an ideal spot for locking in gains. Follow along as I assess where to take profits and manage risk effectively. Hashtags: #TradingStrategy #ProfitTaking #TechnicalAnalysis #RiskManagement #CryptoTrading #StockMarket #Forex #TradingCompetition #SellSignal #TradingView
COINBASE:BTCUSDLong
by Blayno_MTOPS