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BTCUSD trade ideas

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
Bitcoin In New Bull MarketBitcoin has FINALLY broken above $70,000, making a higher high for the first time since the all time high in March. This has been the level to watch for months. Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows. We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago. Things are looking great. The bull is back.
COINBASE:BTCUSDLong
by ScottMelker
1
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices. Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors. As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election. Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment. In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
Bitcoin Seeks Support After Drop: 1H Chart Analysis In this 1-hour Bitcoin chart, we see a downward trend that has pushed the price to the $67,000 range, with potential support around $65,000. The exponential moving averages (EMA) at $68,186 and $67,674 are positioned above the current price, signaling continued selling pressure. However, a short-term rebound may occur, with the price possibly reaching around $66,500 before attempting a stronger recovery. This is not investment advice, and I could be wrong in my analysis.
COINBASE:BTCUSDShort
by OscarUrbina
2
BTC - Election period - Break-out time!Hey, folks. BTC is repeating a fantastic pattern. Just like last election period (2020), so again this election period (2024). Note the chart above... Leading up to the last election, BTC went through the follow pattern: left - large dip (blue), then returned to resistance line (yellow) left - small dip (purple), then returned to resistance line (yellow) left - break-out near election time. So too again this election period: right - large dip (blue), then returned to resistance line (yellow) right - small dip (purple), then returned to resistance line (yellow) right - break-out near election time. The large dips weren't exactly on the 4-year cycle, but close. However, by the time the election rolled around, the two cycles merge to a similar timeline. The last break-out in 2020 happened around election time, when BTC completed a small dip and returned to the resistance line. It looks like BTC is going to do that again this time in 2024, as it has just completed a small dip and returned to the resistence line. Now... notice how high the last break-out in 2020 ran up to? It jumped from around $ 12K to around $ 64k... a gain of $ 52K, which is a rise of 433%. If that were to happen again this time, BTC would climb as high as $ 373k. That's 433% higher than the $ 70k it is at now. Even if it does only half that amount, say just 200% to be conservative... that would put the next BTC spike at around $ 210k. We're all looking forward to the $ 100k celebration. But I'm thinking we should be looking even higher... at $ 200k during this next spike. Every 4 years without fail so far. And that golden 4th year is 2025!
BITSTAMP:BTCUSDLong
by WorthAShot