monke trader - mad skillThis is a description, there are many descriptions out there but this one is mine and unique
BTCUSD trade ideas
BITCOIN - THE KING OF CRYPTO (TECHNICAL ANALYSIS + TRADE PLAN)Descending Trading Channel:
Bitcoin is currently in a descending trading channel, indicating short-term bearish pressure but within a larger bullish structure.
The breakout above the channel's resistance line signals a potential reversal to an uptrend.
Support Zone:
A strong support zone is marked around the $92,000–$94,000 range, where demand is evident, as indicated by price consolidation.
Indicators:
RSI (Relative Strength Index):
RSI near 47 suggests the asset is in neutral territory but trending upwards, moving away from oversold conditions.
Stochastic Oscillator:
Bullish crossover near 66 indicates increasing momentum toward an overbought state, confirming the breakout possibility.
Money Flow Index (MFI):
Rising MFI implies capital inflow, supporting the likelihood of upward price movement.
VMC Cipher B Indicator:
Bullish divergences are forming, suggesting a potential trend reversal.
Volume Profile:
While not explicitly shown, the lack of significant volume during the recent decline confirms a corrective phase rather than a bearish trend.
Target Zones:
Initial target post-breakout: $100,000 (psychological resistance).
Secondary target: $108,000–$112,000, where historical resistance might emerge.
Trading Plan:
Entry Strategy:
Enter once Bitcoin decisively breaks above the descending trading channel resistance with strong volume confirmation.
Support Buy:
Accumulate near $92,000–$94,000 if the price retests the support zone.
Stop-Loss Placement:
Place stop-loss below the $90,000 mark to minimize risk if the breakout fails or support zone does not hold.
Short-Term Target:
Set take-profit at $100,000, just below psychological resistance to ensure execution.
Medium-Term Target:
Partial profit at $108,000 and $112,000 for extended upside.
Risk Management:
Limit exposure to 1-2% of total capital per trade.
Maintain a risk-reward ratio of at least 1:3 to optimize profitability.
Watch for increased volume during breakout confirmation.
Monitor macroeconomic factors and news affecting Bitcoin, as sudden events may invalidate technical setups.
BTCUSDt.market target 96000entry point 94800 stop loss 94000Trade Alert
BTC/USD Buy Alert
1. _Entry:_ $94,800
2. _Target:_ $96,000
3. _Stop Loss:_ $94,000
Trade Details
- Risk: $800 ($94,800 - $94,000)
- Reward: $1,200 ($96,000 - $94,800)
Monitor the trade closely and adjust as needed.
BTC - Sell in May and Go away. This saying has been engrained in wallstreet for decades. So laying over the fractal of the last leg up gives an idea of what the next couple months could look like.
The Monthly RSI needs to get up around 90 based on previous cycle tops but what exactly will happen. No one knows.
BTC- NO ONE LOOKS AT THIS BTC 6 month- Ask yourself is it time to go in big on bitcoin or to be very cautious right now.
This is not where smart money buys. The smart money that does buy right now you can know that they are adding twice as much money to put options or shorts that you’ll never know about or never be made public. It’s simply how this business works.
Be careful out there everyone. BTC is definitely looking too heavy. Think of it like a rocket 🚀 it starts off slow gains momentum takes off hard and as it gets closer to the peak momentum fades and it start to roll over and come back down.
Watch out for the first big drop to be around that 70K to 75k area. We will update as it gets closer. This will take some time. Let the trade come to you.
btc breake out doses this mean we are done testing 92k. i see divergence on the 4hr so we will likely see a reversal and the down trend should be over
Falling wedge on Bitcoin - A bullish signal - End of correction?I can see a falling wedge or flag pattern on the BTC-USD chart. The price hit the support zone around 92K and triggered a bullish price action that might be the end of the correction. I expect a short-term reversal from a bearish to a bullish trend in a neutral medium-term trend as long as the price stays within the wedge or flag. If the price breaks the pattern up, the medium-term trend could change into bullish again. If the trends turn bullish, the price might attempt to break the resistance zone around $105k by March 2025.
BTC's ultimate bullish point is here!BITSTAMP:BTCUSD
Bitcoin is in the bottom of a broadening wedge, which has proved to be a good Support point as well!
also we can see a double bottom on the chart which is another bullish pattern! so this might be a pretty good point to be bullish on Bitcoin.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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BTCUSD IS READY TO FLY MUST READ THE CAPTIONThis chart represents the Bitcoin (BTC) price movement against the US Dollar (USD) on a 1-hour timeframe. Here's a breakdown:
1. Trend Analysis:
The chart initially shows an ascending channel marked by green and gray lines, where Bitcoin's price moves upward.
After reaching a peak, there is a sharp bearish correction, as indicated by the steep downward movement.
2. Key Levels:
Stop Loss: Marked below the current price near 93,192, this is the level where traders would close their position to limit losses.
Target Zone: Two key target levels are marked for potential price increases:
98,067 (first target level)
100,597 (second target level)
3. Trading Plan:
A reversal scenario is depicted with upward yellow arrows, suggesting a potential recovery or bullish bounce from the current price.
Green arrows highlight areas of potential buying interest or price support.
4. Indicators:
Heikin Ashi candles are used to smooth out price movements, making trends clearer.
Red and green markers indicate resistance (red arrows) and support (green arrows) areas.
The trader's strategy appears to involve entering a buy position at the current level, with the stop loss in place to manage risk and targeting higher levels near 98,067 and 100,597 for profit.
Monthly BTCDrawing base on candle stick formed, 2nd bulish candle cant close above high previous candle ,and then 3rd candle cant close above high previous candle.What is your next 4th candle ? or maybe 3rd candle closed bearish ?
Bitcoin Continues Consolidating Within Key RangeChart Analysis:
Bitcoin remains in a long-term uptrend, supported by an ascending trendline (black line) and recently consolidating within a rectangular range near $96,000.
1️⃣ Ascending Trendline:
The long-term trendline continues to act as dynamic support, underpinning Bitcoin's bullish structure.
Traders may watch for price reactions near this trendline for potential bounce opportunities.
2️⃣ Key Range:
Bitcoin is consolidating between $96,000 (support) and $110,000 (resistance).
A breakout above $110,000 would confirm bullish momentum, while a break below $96,000 could signal downside risks.
3️⃣ Moving Averages:
50-day SMA (blue): Positioned near $91,000, providing short-term dynamic support.
200-day SMA (red): Rising around $70,000, confirming the long-term bullish trend.
4️⃣ Momentum Indicators:
RSI: Hovering near 51, indicating neutral momentum after cooling off from overbought conditions.
MACD: Momentum remains positive, but recent consolidation has led to a flattening trend in the MACD.
What to Watch:
Monitor the $96,000-$110,000 range for potential breakout opportunities.
A breakout above $110,000 could target new highs, while a drop below $96,000 may test the ascending trendline or lower supports.
Look for RSI or MACD divergences to confirm breakout direction.
Bitcoin remains within a bullish structure, with the ascending trendline and moving averages providing key levels to follow. The consolidation phase offers a clear technical setup for the next directional move.
-MW
BTCUSDT - near to his support? Holds or not??#BTCUSDT .. well guys market just near to his supporting area and that is 94200 around.
That was supporting area is history as well.
And keep close it because if market not hold it in that case we can expect a drop towards 89000 and 84000 in extension.
Good luck
Trade wisely
BTC to $113,820With a double divergence of the rsi, a new long is ripe for the picking. take profits at .5, 1, and 2 of the previous fib.
BTCUSD might be heading to 70kBitcoin has displayed some characteristics that would line it up with a potential pullback in price. I have my eyes set on 70k for the time being - it might not see that low but that was the start of the rally to 100k+. I think it would be a great opportunity to look to invest in there if you missed the original pump.
BTC Update to 2018 Chart. 10 Year SuperCycle AnalysisThis is an update to my 2018 BTC chart which can be found here:
It's been confirmed that BTC topped out where we analyzed it would maxed out at $63k (69K actual)
The full ten year trend needs to be corrected and we would expect for it to take longer than normal btc corrections. Wave IV termination is what we are now focused on. This is my Elliott Wave Analysis and doesn't guarantee that it's right or better than others. Enjoy. Feel free to send me any comments, always willing to learn.
Most of my charts are private, but would be happy to discuss others. Focusing on GME next until BTC has corrected
BTCUSD Rejected its Daily SupportHello Traders
In This Chart BTCUSD HOURLY Forex Forecast By FOREX PLANET
today BTCUSD analysis 👆
🟢This Chart includes_ BTCUSD market update)
🟢What is The Next Opportunity on BTCUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BTC SELL NOW Bitcoin (BTC/USD) has broken out of its ascending channel and is now trading within a clear downtrend on the 2-hour timeframe. The price is consolidating below a key resistance zone, suggesting a potential continuation to the downside. Sellers have maintained control, and bearish momentum appears strong as BTC/USD approaches the support zones outlined.
Trade Setup: Sell BTC/USD
Entry Zone: Around $93,400 - $93,500
Take Profit Levels:
$92,500
$91,800
$91,000
Stop Loss: Above $94,800
This setup favors bearish momentum; however, monitor closely for any signs of reversal or breakout above resistance. Proper risk management is key. Let me know if you'd like further tweaks!
Bitcoin - did we hit the top of this cycle and are we done?#BTCUSD Monthly Chart - Testing Long-Term Resistance
This monthly #Bitcoin chart shows a clear pattern of significant price tops, marked with yellow circles. These tops align with a long-term trend-line acting as resistance, which the price is now testing. Historically, #BTC has struggled to break this level, leading to substantial corrections.
- A potential bearish scenario, with a possible correction looming if the resistance holds.
- Watching for confirmation in the coming months to see if Bitcoin breaks out or begins another downward cycle.
BTCUSD will dump soon, another round for BTC?BTCUSD will dump soon, another round for BTC?
-BTC is standing at the hard key level support at ~92k, with the big vols. We may see a distribution Head and Shouder pattern here.
If BTC breaks, may be a big drop, and wait for a dump to buy the dip with plan for a new round!
.
Let's see!
BITCOIN → Consolidating before an important eventBINANCE:BTCUSD is consolidating between 99.5K and 91.8K as traders await action from politicians and Trump's inauguration as the main driver behind the rally.
Fundamentally, things are still good. Trump promised a lot of positive actions towards bitcoin and the cryptocurrency market in general, but at the moment the main issue is the inclusion of bitcoin on the balance of the federal reserve. But everything depends more on the realization of the promises, if the community does not get what they were promised, a correction may be triggered.
Technically bitcoin looks very strong. After a strong rally, there is no hint of a possible fall or deep correction, which means that someone is keeping the price in the specified range. Until important events, the price can still stand still, in the range between 100K and 90K.
As for altcoins, they are getting a chance as bitcoin dominance continues to decline after the trendline break. A capital move could spark a rally in strong altcoins in the near term.
Resistance levels: 99.5K, 102.5K, 103.5K
Support levels: 95K, 91.7K
Since the price is in neutral and trading between strong levels, I prioritize a false breakdown of resistance and correction inside the channel. Then further reaction may give hints. If there will be no fall and the price starts to consolidate in the resistance area, then we will have a chance to rise to 102-103K
Regards R. Linda!
