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BTCUSD trade ideas

Bitcoin (BTC/USD) on the 4-hour timeframeBullish Scenario: If Bitcoin manages to break above the key resistance zone of $74,000-$75,000, it could confirm a continuation of the uptrend, targeting the upper boundary of the channel around $78,000-$80,000. Strong bullish momentum would need to be sustained, with RSI and MACD confirming the move. Pullback and Consolidation: Given the overbought conditions on the RSI and Stochastic RSI, there is a likelihood of a short-term pullback towards the $70,000-$71,000 zone or even down to $66,000. If this occurs, maintaining the lower boundary of the ascending channel will be key for sustaining the bullish outlook. Bearish Reversal: A failure to hold the support levels, accompanied by bearish divergences in momentum indicators, could indicate a potential bearish reversal. In this case, the price could retest key lower supports near $64,000 or even the 200 SMA. Short-Term Strategy: Monitor the resistance zone of $74,000-$75,000 closely for signs of a breakout or rejection. If Bitcoin breaks this resistance with volume and strong bullish confirmation, it could be an opportunity to go long. Caution on Overbought Levels: Watch for potential consolidation or minor pullbacks to key support zones, given the overbought readings on RSI and Stochastic RSI. Election Day Impact: Be prepared for increased volatility leading up to and after Election Day, as this could lead to sharp moves in either direction.
GEMINI:BTCUSDLong
by Stoxello
Is Bitcoin going under next week? Quite possibly, here is why.. Well they threw the bitcoin-bone to us retail traders about 2 weeks ago on a Sunday when everything in Crypto was coming alive and turning green on our screens. I get no pleasure in saying, as I'm invested in Solana, Doge, Bitcoin and others, that things at least for Bitcoin may not be so wonderful going forwards for a little while next week. Perhaps Crypto in general holds up until Bitcoin gets its' sh*t together. What bothers me is the Daily chart below for BTCUSD. 3 different settings for MACD on higher timeframes are bearish with crossing DOWN signals on the daily chart which is where the momentum-action will catch up and be next week, bearish, I think. Bitcoin, I said a couple of days ago was struggling on the Daily chart. Intraday does not look good on Monday, my guess is that it starts to sell off this weekend. Put some stop losses on your stuff if you don't have them, trailing stops. See the daily chart for the loss in momentum to the upside on so many fronts for Bitcoin.
EIGHTCAP:BTCUSD
by Easy_Explosive_Trading
$BTC God Candle HYPER BULLThe Hyper case for BTC As the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention. All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC 130trillion moves into bitcoin. NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
BITSTAMP:BTCUSDLong
by dalmasmedia
Bitcoin God Candle as $MSTR consumes $BTCAs the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention. All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC $130trillion moves into bitcoin. NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
BITSTAMP:BTCUSDLong
by dalmasmedia
Bitcoin Rallies to Key Resistance at $71,500Bitcoin (BTC/USD) Price Report – October 29, 2024 Current Price: 71,368.91 USD Daily High: 71,500.00 USD Daily Low: 65,149.51 USD Volume: 120.82 (moderate activity) Price Movements Bitcoin is currently trading near 71,368.91 USD, approaching the daily high of 71,500 USD after a substantial rally. This marks a significant recovery from earlier lows around 65,149.51 USD, reflecting a strong bullish trend over the past few sessions. Key Levels Resistance: 71,500 USD: The current daily high and a critical resistance level, marking the highest point in recent trading activity. Bitcoin is testing this area, and breaking through could signify continued upward momentum. Support: 67,500 USD - 68,500 USD: This zone has shown to be a strong support during previous dips, where buyers re-entered, creating a potential floor if the price retraces. 65,149.51 USD: The daily low and key support level from earlier in the week. This area is essential to monitor if Bitcoin experiences a significant pullback. Trend Analysis October 24-25 Decline: The chart shows a notable drop in Bitcoin's price, falling to 65,149.51 USD, its lowest level in the last week. This decline marked a significant retracement before a sharp reversal. Recovery and Rally: Since the October 24 low, Bitcoin has been on a strong recovery, breaking multiple resistance levels. The price began its steep upward trend around October 28, with clear signs of bullish momentum as it surged past 67,500 USD, eventually reaching today's high at 71,500 USD. Outlook Bullish Bias: If Bitcoin can break and sustain above 71,500 USD, the bullish trend may continue, with the potential to target the 72,000 USD and 73,000 USD levels. A break above 72,000 USD could lead to increased buying pressure and drive prices higher in the short term. Bearish Bias: Failure to break and hold above 71,500 USD could result in a pullback. In this scenario, 68,500 USD could act as the first significant support, followed by 67,500 USD and, in a more substantial correction, the 65,149.51 USD level might be retested. Conclusion Bitcoin is displaying strong bullish momentum, currently testing resistance near 71,500 USD. A break above this level could lead to further upside, while failure to break resistance may result in consolidation or a slight correction towards the lower support areas. Traders should watch the 71,500 USD level closely for indications of a breakout or reversal. Disclaimer: This report is based on current market data and is intended for informational purposes only. Always perform additional analysis or seek expert advice before making trading decisions.
COINBASE:BTCUSDLong
by Joekenstein7