Get started
BitcoinBitcoinBitcoin
#1#1#1

Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

BTCUSD trade ideas

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
BTCUSD completed today with doji after upsideAfter yesterday's high rise, we can breathe a sigh of relief for the day as it ended with a doji. but will this rally end with a red doji? Of course it raises the question of what will the pinbar look like on 10/31/2024? on the chart history I found the same pattern which can give an idea of ​​what the pinbar will be like afterwards. the same pattern occurs from 01/08/2024 to 09/09/2024 and therefore I think the pinbar at the end of October will not touch 71643.00
BITSTAMP:BTCUSD
by tandrylaksana
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