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BTCUSD trade ideas

BTC Price holding above 50 sma on the hourlyBitcoin price has currently broke above resistance in a recent bullish impulse. The 71,300 has been flipped from resistance to support. This support test also coincided with a 50 sma test and the 1.382 fib extension. All three held strong. Price action is possibly going to test the support again at time of publishing. this is a good area for a long trade. Buy inside the rectangle and hold rips. Not financial advice. Do your own DD.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
Bitcoin (BTC) on the move road to $80KI'm sure many people have been awaiting a strong indication/confirmation for BTC to soar to greater heights this bull run. I think we might have just got it Everything I continue to mention regarding the buying or selling of this digital asset is not financial advice and I would advise you to do you own research. Lets break down the chart It is key to understand the state of the market at the moment to understand where we possibly could be heading to. In February 2024 CRYPTO:BTCUSD made an impressive impulsive move reaching as high as 73K This was followed by a healthy relief or pullback, rejecting at 3 different incidents around the GETTEX:52K region. As of this snapshot, it had broke out of the descending trendline and escaped the wedge. This chart pattern is known as a falling wedge pattern and is a sign of continuous movement of price. We were aware that around GETTEX:52K there would be an strong area of rejection as shown in the image just underneath (a) we have an institutional candle present. We can see a very strong rejection candle just above (b) (Notice how long this wick is and the direction it closed). At (c) we get a more definitive confirmation as price had broke the long awaited $60K region displayed in white and retested following another long wick rejection. These indications and conformations from this technical analyse suggest there is still more bullish movement ahead. My price target is for short term is just under 80K Remember you can easily play this game even if you are a noob !!
COINBASE:BTCUSDLong
by TradingN00b100
Bull Market Begins NowFor several years now, I've been tracking variations of this chart, and Bitcoin's adherence to its four-year cycle remains striking. Every bear market, people speculate that the cycle has been “broken,” yet Bitcoin consistently follows its historical trajectory, nearly to the day. This pattern isn’t directly impacted by external events but is subtly shaped by the U.S. macroeconomic landscape, which can either dampen or amplify its moves. From each halving, we typically see about 154 days of consolidation before Bitcoin breaks the all-time high of the previous cycle. Technically, we did breach the previous high briefly due to ETF-driven news, though it was just a wick. Now, we’ve just tapped that previous all-time high again, but it’s possible we’ll need to cool off and consolidate until the election before we see another major move. During this time, Bitcoin dominance (BTC.D) tends to rise for another month, after which we often witness a significant rotation into altcoins as “old money” seeks higher volatility. With the upcoming election and the possibility of a Trump victory, there’s likely to be renewed enthusiasm and optimism for crypto markets.
COINBASE:BTCUSDLong
by proestever
Potential flat pattern The unconvincing structure of this correction overall has me wondering if it's not going to decline in 5 to make a flat. It's definitely possible. As shown with the channel slope, it's clearly a sideways pattern, but the current advance is unconvincing as the start of a 5th wave, or return to the larger degree upwards trend, certainly from an Elliott view. It would still be well within the parameters of "the right look" for the 4th wave of an impulse, with potential termination points just below the base channel shown in blue. Something to be aware of. If it goes well beyond 105% retracement of the labelled (a) wave decline (in other words a new ATH), and starts to make only corrective pullbacks from there, then this idea is likely dead. But the longer it struggles to make that push through the resistance, the more it is susceptible to a dump. Let's see how these come together with the volume, and if buying dries up. At this level, sellers could easily be offloading gradually, and if buyers do dry up, the sellers could spark a bigger dump. "IF" - let's see.
COINBASE:BTCUSD
by JCore7
BTC/USD BULLISH ALERT_ Chart Analysis:Bullish Momentum: The chart shows a strong bullish movement (highlighted by the green box), where Bitcoin moved up with solid buying momentum. Symmetrical Triangle Pattern: After this rally, BTC entered a consolidation phase, forming a symmetrical triangle. This pattern often acts as a continuation signal in technical analysis. Key Levels to Watch: Upside Breakout: If BTC breaks above the upper boundary of the triangle with strong volume, it could indicate a continuation of the bull run, potentially leading to new highs. Downside Break: If BTC falls below the triangle, it may suggest a short-term pullback before possibly resuming upward momentum
BITSTAMP:BTCUSDLong
by JoeSignals
Flag Breakout & Fibo ProjectionBased on the flag breakout price projection, we observe the following trend: Oct 2023 - March 2024: Formation of the flagpole March 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618 With the flag breakout anticipated by the end of Oct 2024, our projections are as follows: Fibonacci target: $100,042 Flag breakout projection: $110,353 This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.
BINANCE:BTCUSDLong
by EL_STOCKTROOPER
BTCUSD Eyes New Highs Amid Bullish MomentumHello, BITSTAMP:BTCUSD is currently pushing toward new highs, testing the previous 1-year peak at 73,835.57. Elevated selling pressure appears to be emerging, likely as a short-term response. However, all signs point to continued bullish momentum in the medium to long term. Setting a trailing stop loss is advisable at this stage. If the price consolidates above the 73,835.57 high, further upside is likely; if not, we may see a retest of the 1-week/1-day pivot points. TradeWithTheTrend3344
BITSTAMP:BTCUSD
by TradeWithTheTrend3344