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BTCUSD trade ideas

Bitcoin Short: wave count update (wave 2 completed)I've updated the wave count to an old wave count for the previous upmove till mid month and the subsequent rangey move as the new wave 1 that is a leading diagonal (note that this was the original wave count until I changed it somewhere in Q3 of this year to cater for a potential strong down move, but the move up since 10th Oct has invalidated that count and this is the old-new count) Based on this count, we have a very strong wave 2 that almost completed retraced wave 1 down and in a triple combination (a supposedly rare occurrence). Right now we should be going into a wave 3 and that will be consistent with all my other analyses (for nasdaq, s&p, gold). Everything is going down because in a strong down move, beta of all assets classes converges to 1 due to liquidity.
BITSTAMP:BTCUSDShort
by yuchaosng
This is a break down of Tone HAyrod the Forecastah"s master planTHis is how I have finally began on the journey to freedom. I have realized the it is the level of attention, dedication, focus without distractions is the only way to become to desired terms. I believe after 15 years of trading I have mentally developed my strategy through many teachers, research and most of all expirience. I have developed a strategy that I must complete and document before I move on. I Present the twodyago Equity Specilaist. Day 1 BTC is interesteing so lets start there.
COINBASE:BTCUSDLong
by Forecastah
Chart Pattern Analysis Of Bitcoin. From K1 to K3, It is a strong bearish evening star pattern. A sharp price correction or a potential short-term bear run is on the way. It is also likely that a large scale horizontal consolidation is on the way. But the possibility is relatively low here. If there is a weak rebound after K3, It will be a good place to reduce long-term positions. And, if the following candles successfully retest the support at about 65-66K. It will be a good place to buy it then. Long-65588/Stop-65K/Target-74K
COINBASE:BTCUSD
by nothingchangehere
BTCUSD view!!Patronis said he would not be surprised if the amount grew should former President Donald Trump be reelected next month. Earlier this week, Patronis said in a letter that Florida should direct "a portion of state retirement system monies into cryptocurrency." Florida is not the first U.S. governmental body to invest in crypto-related financial instruments. Both the State of Wisconsin Investment Board and Jersey City, New Jersey make up two other recent examples. In a May filing, the State of Wisconsin Investment Board said it owned $163 million in spot bitcoin ETFs. Echoing Trump
COINBASE:BTCUSDLong
by FXBANkthe8055
What is Profit and Loss (PNL), and How to Calculate It?Hello, Traders! 🌐 Profit and Loss (PNL) is a primary financial metric used to determine the profitability of investments or trading activities. It shows the difference between your earnings and expenses, making it an essential tool for traders and investors to assess their performance and decisions. At its core, PNL is pretty simple: it's the difference between how much you spend and earn. But diving deeper into its different types can get more interesting. To fully grasp PNL, it’s essential to understand the difference between realized and unrealized PNL and how they influence your overall profitability 👇🏻. Realized PNL vs. Unrealized PNL: What's the Difference? Let’s break it down. – Realized PNL (rPNL) refers to the actual profit or loss made after closing a position. Once the position is completely or partially closed, rPNL is calculated, giving you a final result of the trade . It is often used to assess the effectiveness of your strategies and plays a crucial role in financial reporting and tax calculations. – On the other hand, Unrealized PNL (uPNL) is all about potential. It represents the potential profit or loss from an open position. It reflects the value change of an asset but has not yet been realized because the position is still active. uPNL helps evaluate the current performance of your open positions and can guide your decision on whether to hold, close, or adjust your position to maximize profitability or minimize risk. How Is PNL Calculated? 🧮 The formula for calculating PNL is straightforward: PNL = (Exit Price x Amount Sold) – (Entry Price x Amount Bought) – Fees. Let’s break it down with an example: If you bought 1 BTC at $40,000 and later sold it at $50,000, with a fee of $100, your PNL would be: ($50,000 × 1 BTC) – ($40,000 × 1 BTC) – $100 = $9,900. This $9,900 represents your profit from the trade after accounting for fees. Calculating PNL can be done using either percentage or currency values, depending on how you want to measure your success. For instance, if your investment earned you $1,000 on an initial investment of $10,000, your realized PNL would be 10%. Why Does PNL Matter? 🔎 Understanding your PNL is crucial for several reasons. First, it helps you track the profitability of your trades and investments, giving you insight into whether your strategies are working as intended. Second, it plays a role in risk management, helping you decide when to exit a position or adjust your strategy to limit potential losses. Additionally, PNL is often used to evaluate performance over time, allowing traders to measure the success of different approaches. In conclusion, by regularly monitoring both realized and unrealized PNL, you can make data-driven decisions about your portfolio, ensuring that your financial goals are met while minimizing unnecessary risks. A Final Thought 💭 At the end of the day, PNL is much more than just numbers on a screen. So, next time you check your trades, remember that those numbers tell a story about your strategy, risks, and rewards 💼
CRYPTO:BTCUSD
by WhiteBIT
BITCOIN BULLISH MOMENTUM IN WEEKLY!!!! The weekly BTC/USD chart above shows an Bullish Flag pattern, where Bitcoin’s price is trending upward within parallel support and resistance lines (yellow lines). This pattern often suggests a potential breakout if the price manages to break above the channel’s resistance. To set Fibonacci targets in the range of $90,000 to $100,000, let’s add levels that align with that price zone: 1. 150.00% ($90,000) - This can act as a strong psychological level within the bullish move, marking the start of the $90k range. 2. 161.80% ($94,407) - A common Fibonacci extension level that is close to the midpoint between $90k and $100k. 3. 175.00% ($100,000) - Reaching this level would mark a major milestone and could trigger significant profit-taking. These Fibonacci targets highlight possible resistance areas for Bitcoin within the $90k - $100k range, especially if momentum remains strong. This pattern suggests Bitcoin could keep climbing if a breakout happens, with these Fibonacci levels as possible profit-taking points.
COINBASE:BTCUSDLong
by anandahaidarr
BTCUSD UPDATE - Bulls On The Charge!20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: For new ATH's a 1D candle must still close a body above 72740. An inside bar, "HAMMER" closed below the order block resistance yesterday. Confluence of support @ 69522 must hold. KEYNOTE: This is NFP Week, make sure you check your calendar before each session always! I deeply appreciate you taking the time to study my analysis and point of view.
ICMARKETS:BTCUSDLong
by ANROC
Comparing Gold and Bitcoin: Which is the Superior Hard Money?As economic uncertainty, inflation, and geopolitical tensions continue to rise, investors are increasingly turning to alternative assets like gold and Bitcoin as hedges against potential market downturns. Both assets have seen significant price increases in recent years, sparking a heated debate over which one truly qualifies as the superior "hard money." Gold: The Timeless Haven Gold has been revered as a store of value for centuries. Its appeal lies in its physical nature, scarcity, and historical track record as a reliable hedge against inflation. When economic conditions deteriorate, investors often flock to gold as a haven. • Pros of Gold: o Tangible Asset: Gold is a physical asset, offers a sense of security and control. o Historical Performance: Gold has consistently proven its worth as an inflation hedge over the long term. o Diversification: Adding gold to a portfolio can reduce overall risk. o Global Acceptance: Gold is recognized worldwide as a valuable commodity. • Cons of Gold: o Storage Costs: Storing physical gold can be expensive and inconvenient. o Liquidity Concerns: While gold is generally liquid, large-scale sales may impact its price. o Opportunity Cost: Gold doesn't generate income like stocks or bonds. Bitcoin: The Digital Gold Bitcoin, a decentralized digital currency, has emerged as a disruptive force in the financial world. Its proponents argue that it offers superior qualities as a hard money due to its limited supply, cryptographic security, and potential for future growth. • Pros of Bitcoin: o Digital Scarcity: Bitcoin's supply is capped at 21 million coins, ensuring its scarcity. o Decentralization: Bitcoin operates on a decentralized network, making it resistant to censorship and manipulation. o Global Accessibility: Bitcoin can be accessed and traded by anyone with an internet connection. o Potential for High Returns: Bitcoin's price volatility offers opportunities for significant gains. • Cons of Bitcoin: o Price Volatility: Bitcoin's price can fluctuate dramatically, making it a risky investment. o Regulatory Uncertainty: Governments around the world are still grappling with how to regulate cryptocurrencies. o Technical Complexity: Understanding and using Bitcoin can be challenging for some. o Environmental Concerns: Bitcoin mining consumes significant amounts of energy. The Hard Money Debate: Gold vs. Bitcoin The debate over which asset is superior as a hard money often boils down to individual preferences and risk tolerance. Gold proponents emphasize its tangible nature, historical track record, and global acceptance. They argue that gold's value is rooted in its physical properties and its role as a traditional safe haven. Bitcoin advocates highlight its digital scarcity, decentralization, and potential for disruption. They believe that Bitcoin's unique characteristics make it a more suitable store of value in the digital age. Ultimately, the choice between gold and Bitcoin depends on various factors, including: • Risk Tolerance: Investors with a higher risk tolerance may be more inclined to invest in Bitcoin, while those seeking a more conservative approach may prefer gold. • Investment Horizon: Long-term investors may benefit from both assets, as they have the potential to appreciate over time. • Diversification: Both gold and Bitcoin can serve as diversifiers in a portfolio, reducing overall risk. A Balanced Approach Rather than choosing one over the other, some investors opt for a balanced approach by allocating a portion of their portfolio to both gold and Bitcoin. This strategy can help mitigate the risks associated with either asset and potentially generate higher returns over the long term. As the global economic landscape continues to evolve, the debate over gold and Bitcoin is likely to intensify. Investors must carefully consider their financial goals, risk tolerance, and long-term outlook before making investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln