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BTCUSD trade ideas

Bitcoin & Gold: Weekly Options Trading Recap Gold: 🌟 The entire past week saw a positive trend in gold trading, characterized by a continuous accumulation of vertical call spreads targeting $2925-$2950. On Friday, higher targets around $2990-$3000 were added, with expiration in August of this year. The sentiment remains positive. However, volatility increased last week and remains at a relatively high level, indicating potential turbulence in the precious metals market. Bitcoin: 💰 Interesting portfolios aiming for $120,000-$140,000 have been observed in Bitcoin trading. These portfolios emerged on January 16 when Bitcoin was around $99,000. Within a couple of days, Bitcoin surged by 6.8% and broke the previous high around $102,500.
COINBASE:BTCUSDLong
by ClashChartsTeam
BTC Targeting 125-130K : Elliott Wave AnalysisIn the coming months, Bitcoin is likely to reach its next targets—or at least form one more higher peak. Here’s how it might play out: Orange Count (Wave 4 Correction): According to the orange wave count, Bitcoin is in a larger Wave 4 correction of the impulse that began at 49K. This suggests another high is on the way for Wave 5. Recent Price Action (Higher High Above 102.8K): After closing daily above 102.8K, the wick at 89K should be seriously considered a potential Wave 4 bottom. This implies we could now be in the fifth and final impulse wave heading up to a new high. Two main scenarios could unfold: Scenario A (Regular Impulse): If this is a standard impulse, we’ll see a Wave 2 retracement next—typically between the 0.5 and 0.786 Fibonacci levels of the initial move. That puts a possible Wave 2 target between 97K and 92.5K. From there, Wave 3 would likely accelerate toward 125K. This is shown by the red wave in the chart. Scenario B (Ending Diagonal): Wave 5 often appears as an ending diagonal, which can look like a rising wedge or an expanding broadening wedge. If this pattern takes hold, the next high may not exceed 120K by much. Bearish Alternative: There is still a bearish possibility as long as we remain below the previous high. In this case, the recent upward move could be part of a larger flat correction, which would push Bitcoin lower again before eventually reaching a new high. This more negative outcome would be confirmed if prices fall below 92K (the 0.786 retracement of the move up from 89K).
BINANCE:BTCUSDLong
by zakoraio
$BTCUSD Resistance Tested, Momentum Signals a Decision Point Summary: The updated BTC/USD 4-hour chart highlights a crucial juncture as Bitcoin approaches $105,000, a major resistance level. Momentum indicators and price action suggest the market is at a decision point, where a breakout or pullback will determine the next direction. Let’s dive into the details: Key Observations: Bitcoin is testing a significant resistance level at $105,000, which aligns with the upper boundary of an ascending wedge and a critical psychological level. A breakout above this level could trigger a rapid move toward higher targets, including the 1.618 Fibonacci extension at $110,762. Rounded Resistance Formation: The parabolic curve suggests strong upward momentum but also hints at exhaustion near current levels. Historically, similar formations have resulted in short-term corrections. Fibonacci Support Levels: 0.618 Level: $97,449—This level serves as the immediate support if a pullback occurs. 0.382 Level: $94,307—A stronger support zone, with historical significance and confluence from previous price action. Momentum Indicators: MACD: The MACD shows signs of flattening, indicating weakening momentum but has not yet crossed into bearish territory. A clear cross would confirm a short-term reversal. RSI: The RSI is currently in overbought territory, which historically aligns with pullbacks or consolidation periods. Potential Price Structure: Bullish Case: Breakout Above $105,000: A breakout with strong volume could push Bitcoin toward $110,762, the 1.618 Fibonacci extension, and potentially beyond. Momentum Reset: A slight consolidation above $102,535 followed by renewed momentum could signal sustained bullish continuation. Bearish Case: Rejection at $105,000: A failure to break the resistance may lead to a pullback, with immediate support at $102,535 and stronger support zones at $97,449 and $94,307. Overbought Indicators: RSI in overbought territory and a flattening MACD increase the likelihood of a short-term correction. Key Levels to Watch: Resistance: $105,000: Current resistance level and critical psychological barrier. $110,762: The 1.618 Fibonacci extension and next upside target after a breakout. Support: $102,535: Near-term support if a pullback begins. $97,449: 0.618 Fibonacci retracement and first major support zone. $94,307: 0.382 Fibonacci retracement and critical historical support. Conclusion: Bitcoin is at a pivotal resistance level of $105,000, with momentum indicators signaling caution. A breakout above this level could drive prices toward $110,762, while a rejection may lead to a pullback to $97,449 or $94,307. The market is showing signs of overextension, but volume and momentum in the next few sessions will determine the direction. Are you betting on a breakout to $110,000 or preparing for a pullback to key supports? Share your thoughts below! 🚀📉
BITSTAMP:BTCUSD
by CandleSmithChartsman
BTC BUY IDEALooking for BTC to complete a confluence play here at retest 108k area. I believe a Long is like here for a few different reasons. The first on being as mentioned before, the confluence, last time we were are these price levels we ran to $108k+. So I believe confluence is likely here. Next reason being the pending orders. Naturally since the previous high there are some pending long orders to be activated and generally speaking the “institutions” would benefit from orders activating..
BITSTAMP:BTCUSDLong
by BigRichh
Bitcoin Testing ATH Resistance Bitcoin is currently probing its All-Time High (ATH) resistance zone, and given the uncertainty, the outcome is unpredictable. However, the price target of 77K, suggested by the break from the rising wedge pattern, remains a possibility. Meanwhile, the expected Head and Shoulders (H&S) pattern has not materialized. My take is this: if Bitcoin manages to close a daily candle above the previous ATH, the bullish momentum could take off! Here's my theory on what might be happening behind the scenes: The bulls might intentionally push the Relative Strength Index (RSI) above its recent lower high to set up a new baseline for a high. This could reset the RSI peak, avoiding bearish divergence signals at the ATH. After this reset, they might then pull back to test the local low before making another attempt to break through the ATH. That's just my speculation, though.
COINBASE:BTCUSD
by RSI_Trading_Concepts
BTCUSD - 2 months HEAD & SHOULDERS FAILURE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
BITSTAMP:BTCUSDLong
by TheArtOfCharting
#BTC update time#Bitcoin has had a solid run after breaking out of the pennant with no retest yet. Earlier than expected sooner than hoped. For now it looks strong and positive and we expect that we can go up for quite some time. The only thing I would like to be careful with is that where I expect that we would only go up after Trump's inauguration, we will now do that in advance. Does this mean that we will get a kind of buy the rumors sell news and that we can then expect a retest. So far bulls in power and still targeting 133k minimum! Be kind to the world and each other
BINANCE:BTCUSDLong
by RidgerR
BTCUSD BTC/USD Analysis and Signal (4H Chart) Market Update: Bitcoin (BTC/USD) has maintained a bullish trend, with the price pushing into key resistance levels near 104,270. The price is currently trading at 101,436, showing steady upward momentum. Key Levels to Watch: Resistance: 104,270 Support Zones: 99,941 Signal: Buy Zone: Upon breakout above 104,270 with confirmation (targeting higher highs). Sell Opportunity: If rejection occurs at 104,270, look for retracement toward 99,941. Stop Loss: Set below 99,941 to manage risk. Guidance: Stay cautious near resistance zones. For buyers, confirm bullish momentum before entering trades. For sellers, watch for bearish reversals in overbought conditions.
BITSTAMP:BTCUSD
by FOREXQUEEN_1
Btcusd analysis"As shown in the chart, Bitcoin's potential scenarios are plotted in a four-hour time frame, and it is currently fluctuating within a range channel. Since Bitcoin's trend in the daily time frame is bullish, there is a higher probability of breaking the channel ceiling, making this the base scenario. If this happens, Bitcoin's trend in the daily time frame will remain bullish. In case of a pullback, you should enter with the confirmed strategy, aiming for the level of 106,000 as the first target. However, if it breaks the channel floor, Bitcoin's trend in the daily time frame will turn bearish, with the possibility of falling to the level of 50,000. Otherwise, we expect Bitcoin to continue moving within the channel according to the third scenario, allowing us to buy and sell at the ceiling and floor of the channel."
COINBASE:BTCUSD
by arrash2020
Bitcoin Harmonics - Gartley to $135kThe XABCD pattern is a popular harmonic chart pattern that helps traders identify potential reversal zones in the market. It uses specific Fibonacci ratios to map out price movements and predict turning points with a high degree of accuracy. These patterns are advanced technical setups that require precise measurements and a strong understanding of Fibonacci retracement and extension levels. What Is the XABCD Pattern? The XABCD pattern consists of five key points: X, A, B, C, and D, each representing a specific price level on the chart. These points form a series of swings that create a geometric shape, such as a triangle or a batwing. The pattern is validated by the relationships between these points, which adhere to strict Fibonacci ratios. The XABCD pattern is often classified into different sub-patterns, including Gartley, Butterfly, Bat, Crab, and Shark patterns. Each variation has unique Fibonacci requirements. Key Components of the XABCD Pattern Point X to A: Represents the initial price move, either bullish or bearish. This is the longest and most distinct swing in the pattern. Point A to B: A retracement of the XA leg. Typically retraces between 38.2% and 61.8% of the XA leg. Point B to C: A counter-trend move against the AB leg. Usually retraces 38.2% to 88.6% of the AB leg. Point C to D: The final leg of the pattern, known as the completion leg. The D point typically represents a Fibonacci extension of the XA leg or a retracement of the AB leg, depending on the specific pattern. The above is a Gartley Pattern: Point B retraces 61.8% of XA. Point D completes at 78.6% retracement of XA. Highly reliable for predicting reversals in trending markets. Target Fibonacci extensions at 1.0 and 1.618 of the AD leg for profits. 1 has been hit. The RSI suggests more price movement upwards to come as its not over bought, which leads us to the next target 1.618 Fib extension at around $135,000
BITSTAMP:BTCUSDLong
by Who-Is-Caerus