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BTCUSD trade ideas

How to determine trend line in trading?Determining a trend line in trading is a fundamental skill used to identify the direction and strength of a price trend. Here's a step-by-step guide to drawing and interpreting trend lines: 1. Understand the Basics of a Trend Line A trend line is a straight line that connects two or more price points on a chart, extending into the future to act as a line of support or resistance. Uptrend Line: Connects higher lows in an upward trend (acts as support). Downtrend Line: Connects lower highs in a downward trend (acts as resistance). Sideways/Ranging Market: Price moves horizontally, and trend lines may not be as effective. 2. Identify Key Price Points For an uptrend, identify at least two higher lows (swing lows) and draw a line connecting them. For a downtrend, identify at least two lower highs (swing highs) and draw a line connecting them. The more times the price touches the trend line without breaking it, the stronger and more valid the trend line is. 3. Draw the Trend Line Use a charting platform to draw the line manually. Connect the swing lows for an uptrend or swing highs for a downtrend. Ensure the line is not too steep or too flat; it should reflect the natural slope of the price movement. 4. Validate the Trend Line A valid trend line should be touched by price at least three times. The more touches, the more reliable the trend line. If the price breaks the trend line significantly, it may indicate a potential trend reversal or weakening of the current trend. 5. Use Trend Lines for Analysis Support/Resistance: In an uptrend, the trend line acts as support. In a downtrend, it acts as resistance. Breakouts: A break below an uptrend line or above a downtrend line may signal a trend reversal or continuation, depending on the context. Trend Strength: A steep trend line may indicate a strong trend, while a shallow one may suggest a weaker trend. 6. Combine with Other Tools Use trend lines in conjunction with other technical indicators (e.g., moving averages, RSI, MACD) to confirm trends and potential entry/exit points. Look for volume confirmation: Increased volume during a breakout or bounce off the trend line adds validity to the signal. 7. Adjust as Needed Trend lines are not static. As new price data comes in, you may need to redraw or adjust the trend line to reflect the current market conditions. Example: BTC has touched the line that I've drawn multiple time so It is a reliable Bullish Trend line. The next Possible connection can be around 93.5k! the line also acts as a support. By mastering trend lines, you can better identify potential trading opportunities and manage risk effectively. Always practice on historical data and use proper risk management techniques.
BITSTAMP:BTCUSDEducation
by CRYPTONIC_trend
Bitcoin Technical and fundamental analysisBitcoin (BTC/USD) Technical & Fundamental Analysis 🏆📊 🔹 Technical Analysis: 📉 Head & Shoulders Pattern – The chart shows a potential bearish reversal with a head & shoulders formation. This signals possible downside momentum if key support breaks. 📌 Key Levels to Watch: 📉 Bearish Trigger: A daily close below $93,225 could confirm breakdown. 🎯 Target: Potential 22% drop to around $72,000-$70,000 support zone. 📈 Resistance: Monthly supply zone near $110,000 (major supply area). 📊 Trend & Structure: Uptrend Channel: Price is within a long-term ascending channel, meaning overall trend is bullish. Bearish Breakdown Risk: If the $93,225 level breaks, BTC could test lower blue support near $72,000 before bouncing. 🔹 Fundamental Analysis: 📅 Macroeconomic Factors: 📉 Fed Policy & Interest Rates: If the Federal Reserve signals more rate cuts, BTC could see renewed bullish momentum. 📊 Inflation Data: Lower inflation could drive more institutional investments into BTC. 🚀 Crypto Market Sentiment: ETF Impact: BTC ETFs have driven demand, but profit-taking is now influencing price action. Halving Effect: The upcoming Bitcoin halving could reduce supply, supporting long-term bullish momentum. 🔹 Conclusion: ⚠️ Bearish short-term outlook if BTC closes below $93,225 → Possible drop to $72,000. 🚀 Bullish long-term potential due to ETF adoption, halving event, and macroeconomic factors. 📌 Trade Plan: Watch for confirmation of breakdown or bounce before entering positions. 🎯💰 #Bitcoin #BTCAnalysis #CryptoTrading
OANDA:BTCUSD
by FXNEWSCLUB
BTCUSD READY TO PUMP COS DOWN WEDGEHello and good morning traders! hope you are doing well today I'm sharing my idea about OANDA:BTCUSD as we discussed about BTC in our last idea it will drop 97k now its at 97k now here we can see a down wedge has been emerged now lets focus on buy in BTCUSD key points to watch : Target 104k STOP loss @ Support Trendline hope my idea will be profitable for you please support me with like and comment on this idea stay focused follow me for more ideas Best wishes Tom 😎
OANDA:BTCUSDLong
by LegendaryTom
Possible top for BTC for this cycle?Trying to see what the bullish outlook is for #BTC, however I am finding a lot more bearish arguments at this stage then bullish. Looking at the Daily, Weekly and Monthly Chart: - RSI printing Bearish Divergences - Failing to break above the heavy pitch-fork channel formed since 2017 Highs through to the highs in 2021. Daily: - 50MA is approaching closer and looks to roll back around. - Super Guppy band is starting to tighten and turn neutral. - 5th Wave of Elliot has finished, with a truncated top. - Double top pattern - Wyckoff Distribution looks to be in play Of course if we can break out of this massive channel, this bearishness is no longer valid. What case for Bullishness can you give me for BTC?
COINBASE:BTCUSDShort
by CryptoFallen
2
$BTC Bitcoin **Long term PTs +200k and +400k** About Bitcoin (BTC) Bitcoin (BTC) is the first cryptocurrency built on blockchain technology, also known as a decentralized digital currency that is based on cryptography. Unlike government-issued or fiat currencies such as US Dollars or Euro which are controlled by central banks, Bitcoin can operate without the need of a central authority like a central bank or a company. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. What we do know is that officially, the first genesis block of BTC was mined on 9th January 2009, defining the start of cryptocurrencies. How does Bitcoin work? While the general public perceives Bitcoin as a physical looking coin, it is actually far from that. Under the hood, it is a distributed accounting ledger that is stored as a chain of blocks - hence the name blockchain. Let's compare how Bitcoin is different from a commercial bank, which operates as a centralized system. Given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. So how does the system determine if Alice has enough bitcoin to execute the transaction? This is where mining takes place. Bitcoin Mining A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running computer rigs cost money due to capital expenditure, which includes the cost of the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins. This is the monetary system behind Bitcoin, where the fees for validating transactions on the network is paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
CRYPTO:BTCUSDLong
by BADQOMOCAWGOWLD
BTC | Feb 2025Black = Yearly timeframe candle, levels, trends Pink = Monthly timeframe candle, levels, trends Grey = Weekly timeframe Red = Daily timeframe Orange = 4hr yellow = 1hr blue = 15min green = 5min not all timeframe candles, levels, trends, marked or shown. methodical top down analysis. BS = Backside level. expectation = strong price reaction. i.e candle should start to reach / "wick" down to Backside levels. If that expectation is not met, then, price is targeting lower in the range to the Frontside (FS) candle. If price is below a BS level or FS level, it will act as resistance until price can get above the level. FS = Frontside candle expectation = hold price until reversal, trend break. "consolidation", "soups", "sharp turns" whatever you want to call it, expect that here. Classic trend breaks happen if price can be supported by a frontside level. If price is closing below this level, then, look for Inverse levels to start forming and reversing the move. the range is failing. dropping off a cliff scenarios happen when Frontside levels fail. Inv. BS = Inverse backside. expectation = same as Backside level but resistance for price. Inv.FS = Inverse Frontside. expectation = same as frontside level but resistance for price.
COINBASE:BTCUSD
by SwamiCrypto
BTC weekly zones 🚀 Bullish Breakthrough for Bitcoin on Weekly Time Frame! 🚀 Just in from @RSI_Trading_Concepts on @TradingView - the Bitcoin weekly chart is a beacon of bullish sentiment! 📈 The analysis highlights how the #BTC bulls are not just defending but thriving at the Overbought (OB) zone low on the weekly time frame, showcasing their strength and determination. 💪 🔹 Key Insights: Following a significant breakout in late 2023, Bitcoin has been on a steady upward trajectory. The bulls have impressively defended the OB Low at $53,841 on the weekly chart, indicating strong support within this zone. This defense of the OB Low, especially in an overbought RSI context, suggests that the market sentiment remains overwhelmingly positive, with momentum favoring further gains. 🔹 What This Tells Us: This isn't just a defense; it's a statement from the Bulls. Holding strong at this critical level, particularly after RSI has indicated overbought conditions, is a powerful sign that the current trend might continue. The market is showing us that despite being in overbought territory, the appetite for Bitcoin is still voracious. Don't overlook this signal! The resilience at this key level on the weekly chart could propel Bitcoin to new heights. Keep your eyes on this zone and prepare for what might be an exhilarating journey upwards. 🚀💹 #Bitcoin #Bullish #Crypto #RSI #TradingView
COINBASE:BTCUSDLong
by RSI_Trading_Concepts
Bitcoin 15 minute chart zoomed outWelcome. If you have come across this chart you have entered into a Bitcoin maxi's mind. For the past 5 years this has been my one and only 15 minute chart; lines that have been drawn have never been erased. This chart is used to determine when a good time to DCA may be. For this overview the chart has been zoomed out to give a daily perspective. First, I want to be clear that this is not finical advice, but a glimpse into what my personal strategy is and how I personally gage when a good time to enter the market for a long term hold. I personally trust this chart due to many reasons, but the most important reason is because variables have not been changed in over 5 years. To start, the most important lines drawn on this chart are major Fibonacci levels; for example, the high at approx. 69k to the low of approx. 16k. These Fib levels will be marked by the same same lines at all four levels. The second most important lines drawn and weekly closes on a 15 minute chat on the candle of 23:45. These candles are marked at the high and at the low of each of these candles with a purple line. These purple lines over time provide an import gage for me in determining major levels of resistance and support. This chart also includes MA Ribbons, MACD, and RSI. I will post weekly closes and provide ideas of what I think the market is doing every week immediately after the weekly close. Thank you for your time and I look forward to being a little more social in this space moving forward.
COINBASE:BTCUSD
by Agent_Bambi
2
persistent channel or recent wedgeHello friends, Caveat, I've been trading successfully for a couple of years but don't really consider myself a guru, just a guy with an eye for patterns. I've been swinging BTC over the past few days, taking a position each time price touches the top of the recent wedge (yellow). BTC seems to be repeatedly retesting this wedge top on the 30 minute. Meanwhile, the bottom of the long term uptrending channel blue is about to diverge from the wedge top. I'd appreciate any opinion as to which line BTC will follow going forward? Or could we be approaching a big upside breakout?
KRAKEN:BTCUSDLong
by artisthouse
Ethereum’s EMA Ribbon Poised for a Reversal on the 2-Hour Chart!On the 2-hour timeframe, Bitcoin has successfully broken out of its triangle formation, now attempting to solidify its position just beyond this key structure. If BTC can maintain its stance outside the triangle and muster the momentum needed to flip the EMA Ribbon, a move towards the 102K level could be on the horizon once again. A decisive daily and weekly close above this critical threshold would reinforce bullish sentiment, potentially setting the stage for a new short-term rally. The market's response at this level will be crucial in determining whether Bitcoin can sustain its upward trajectory or if it will face another period of consolidation. All eyes remain on Bitcoin’s ability to hold above the breakout zone and trigger a structural shift in momentum. If successful, we may witness the ignition of a fresh wave of bullish price action. 🚀
COINBASE:BTCUSD
by Skon101