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BTCUSD trade ideas
Reasons for and against a Push higher by Bitcoin SOON sin November 2022, PA has almost become predictable.
Running on a Pattern of Steps and Always paying attnetion to the Weekly MACD
I have posted in detail about the weekly MACD in other posts so I will not expain much now but here is the chart again, It explains itself really.
We are, once again, Waiting for the weekly MACD to reset to Neutral, were we hope it will bounce again. BUT, as you can see, a 3rd bounce would be unusual but , on this occasion, Highly probable
On the main chart, we can see that PA began running on a Rising trendline and, after ranging for a while, it bounced off it in Mid October 2023. It has Never returned to that line.
PA began Ranging again in March 2024. Note that date on the MACD chart. MACD Peaked and began turning Bearish and fell till it hit neutral in Sep.
At that same moment, in Sep 2024, PA bumped into the 50 week SMA ( RED) and bounced up to a New ATH in Dec 2024
So, we had 2 bounces after ranges, seemingly unconnected - until you look at the day count of each range.
1st -April 2023 to Sep 2023 - 196 days
2nd - March 2024 to Sep 2024 - 189 days
Now also note the Double Tops and then the retrace on Both those Range dates AND on the current Range
And so NOW, Currently, we are in a Range, again, MACD Peaked High and is falling Bearish
But this Range began in DECEMBER 2024
So why do we have a possibility of a push higher soon ?
Look where that RED 50 week SMA is - Just below PA.
Could PA Bounce of it if we bump into it ?
We have come VERY Close in recent days. The 50 is around 75500 - PA got to 76500
If PA touches it, I am sure we will bounce Higher
And so This leads us to why we may NOT bounce soon
I think the Bulls are trying to keep PA off the 50 till MACD is reset. If true, that 50 will level out.
PA will have to touch it BEFORE it begins to fall or PA will have to drop below 70K to reach it.
And THIS Leads us to what I think could Very well happen
IF PA were to have a bounce higher soon , maybe to Top of Range, around 109 ( but probably Lower) this would give PA room to drop back to Bottom of Range while MACD continues to Fall. A Quick push up , say over 10 days, would hardly effect the MACD reset but gives PA room to move without loosing to much more value, Keeping Market CAP stable and Sentiment happy
MACD is expected to reach neutral, at current rate of descent, around May / June.
And Look..that happens to be around 189 days since range began. The same approx day count as the previous 2 ranges this cycle.
We may see a drop lower this month, nothing is for sure but if we fall below that 50 SMA, I will be changing my Bullish Tune and Screaming CAUTION
All to play for in the next few months
BTC AND THE 200 MABitcoin is now facing resistance at the 200-day moving average (currently around $83,645). After bouncing from recent lows, price is struggling to reclaim this key level, which aligns with prior support turned resistance. A clean break above the 200 MA would be a bullish signal and could open the door for higher prices, but for now, this area is acting as a significant barrier.
BTCUSD one more leg down to 74-70k rangeAlready in, SL and TP on the chart.
Will update if necessary
$BTC daily, attempting to avoid a death crossCRYPTOCAP:BTC recovered and is attempting to hold bottom trend line, push over 200 MA. If it can’t we will have a death cross, and likely move further down.
#BTC TO CONTINUE LOWER FOR NOWThe recent 'pump' due to Trump's announcement disappointingly only created a pullback to the previous area where a downtrend had already been triggered.
Looks like BTC will continue with the correction down to our next support level which sits at $67,792.
Once BTC gets to this level, we will either see a nice bounce off this support and we can continue higher or it's a possibility that we may continue even lower but will provide an update once we touch the next target.
We've currently down 23% from the top, let's be reminded that we've seen corrections as deep as -51% last cycle which are a healthy for the market!
DOUBLE SCENERIO ARE POSSIBLE ON BBTCUSDHere is the solid out look on bitcoin, the bear trend may continue when price bounce on the sell zone and the trend line. Also price might break the trend and retest it for upward continuation .Let's keep being realistic.
BTC Bullish Trade Setup with Entry PointsBTC set up for a bullish move
Setup for R/R over 4.4
Manage your risk. Don't trade your whole account. Trading is a game of the patient.
Check out the chart for Entry / TP / and SL
1 hour chart setup
BTCUSDI mean, the charts speak for themselves! I've already told ya on numerous occasions... THEE GREATEST TRADER EVER IS HERE!!!! As you can see, I been in the Lab Cooking!!!! Bon Appetite
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BITCOIN GETTING READY FOR ANOTHER BIG RALLYBitcoin after huge fall again making TRIANGLE pattern also bearish FLAG
we can get 5000-10000 points strong rally on breakout side from this range
follow us for crypto free analysis calls daily
Bitcoin for SavingsBitcoin with 21million total supply of coins is going to look cheap at this rate. Looking at the charts, Bitcoin is in a bullish trend and rising. VWAP is sitting at 100,899, so there is plenty of room to keep moving forward. It is still trending the bullish sentiment that we have been witnessing. Next stop, right at VWAP, then on to test 102,789.
BITCOIN BIG GAMETechnic works like clock work. From this week now on there no way below 62k and next top spot is 310k around.
Bitcoin in correction phaseWave 4 price is currently shoeing, with a target range of 72000-73000. Looking for a buy opportunity at 73000. Uptrend confirmation requires a close above 92000.Keeping a close eye on that 73000 level then. Gotta be quick on the trigger if it dips down there. Don't want to miss the boat if it bounces. Setting an alert for 73000 just to be sure. Still cautious though, that 92000 close is the real confirmation we're looking for. Until then, it's a calculated risk. Might even consider a tight stop-loss just below 72000 to manage potential downside if this wave 4 ain't finished correcting. Patience is key here, don't want to jump the gun. Waiting for that setup.
BTC & Volume Profile Settings⚡️ Explaining the daily levels on BTC as well as my current volume profile settings and why I have them this way
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BTC 30m Long: Bullish reversal pattern forming, targeting BTC Long Opportunity on 30m Chart
A bullish reversal pattern is forming on the 30m chart, indicating a potential long opportunity. The recent downtrend has shown signs of exhaustion, and buying pressure is starting to build.
Key Levels:
- Entry: $
- Target: $
- Stop Loss: $
Technical Analysis:
- The Relative Strength Index (RSI) is oversold, indicating a potential bounce.
- The Moving Average Convergence Divergence (MACD) is showing a bullish crossover.
- The chart is forming a higher low, indicating a potential trend reversal.
IT IS NOT Financial Advice
THATS MY ANALYSIS
Bitcoin's market share rises despite decline in active usersThe data shows that Bitcoin's dominance has been rising steadily since 2022. It also highlights that Bitcoin's market share of active users has fallen over time. The data shows that on-chain activity in Ethereum and other layer 1 (L1) networks has increased.
OnChain data shows that Bitcoin's dominance has increased since 2022, and the upward trend is the longest in history. The data also shows that Bitcoin's active user market share has fallen as on-chain activity on the Ethereum network has increased.
Amid declining users, Bitcoin dominance has increased;
Matrixport shows that Bitcoin dominance has increased to a new high of over 61%. The analytics platform put the dominance higher, which was stronger than expected in the US jobs report. It said that the increased job rate indicates that the economy is recovering. COINBASE:BTCUSD BITSTAMP:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSDT
I'm Bullish, but... BTC / USDHello my friends,
At a minimum we're looking at 30 days inside this wedge before breaking out and testing the $96k range once again. Trust me, Bitcoin must form a bullish structure before doing anything interesting.
It could wick to FWB:73K but I'm thinking the heavy orders around $75k might hold and we range instead of dumping more.
Keep an eye on this wedge.
Trade thirsty, my friends!
Inverse Bitcoin ChartJust putting some thoughts out there- it looks like there is about a 25% chance of a fully bearish market and the end of the bull cycle. However, there are some other possibilities that could play out, as indicated on the chart.
CPI seems to be coming down, and M2 supply is going up. The liquidity is estimated to hit the market around March 24 (my estimation) and it looks like crypto prices will recover.
Stay safe guys!
BTC & other crypto could possible bleed a little furtherI don't want this to happen but I feel like it's going to.
Would be typical price action and then it's gonna go up so much.
So don't sell your spot holdings, don't leverage long anything.
If it reaches the lower support level you can make so much money haha
Bitcoin Pullback?? End of Year BreakoutBitcoin is following a head and shoulders pattern and seems to have reach its final right shoulder. Bitcoin has been overextended on the monthly chart for a while and a pullback looks impending. This bottom range of the right shoulder looks to be around the 55k range for a healthy pullback.
Everyone wants crypto to go straight up without thinking of the necessary progressions of price action. A pullback and consolidation would be necessary to gain momentum into a future breakout to the 100k area, which may be a very big area of psychological resistance.
Buy the rumor, sell the news. People have been buying the rumor of the bitcoin halving taking place in a couple weeks, and we are starting to see a selloff of the news with that date approaching. The good ol' stock saying of "Its priced in". The pullback most likely will continue into May/June (one month post halving), before the real true run-up will begin!
Like every halving of bitcoin, we have seen significant run up in price up until 12-18months post halving. So with that being said, it does seem very likely bitcoin will complete its inverse head and shoulders patter, followed by a breakout of ATH towards the end of 2024. The last quarter of the year will be an exciting time in the crypto space where there will be a lot of opportunity!!!
#bbtrader29
Btc to stY above 73k73k should be strong support for BTC. There was a lot of activity at the level, audit interacted there many times. Let's see if it holds. NOT FINANCIAL ADVICE.
BTCUSD KEY AREAS OF INTERESTThe instrument has been trading in a global bullish trend. Recently it has been trading inside a falling channel and respected a number of key zones. Here are the key areas of interest in my view.
Please do your own analysis before placing any trades.
Cheers and happy trading !!!!!
Bitcoin moon/mercury chart for the Eclipse/Rx station of Mar. 14we are still inside the 88-78k moon quadrant, right on schedule. you can see where the mercury storm began, causing a sweep below another quadrant. the 2021 top structure lies below 72k, according to the moon chart, which is also the key price pivot for the 78k-68k moon quadrant.
