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BTCUSD trade ideas

Bitcoin’s Journey: A Surge in the Making?Bitcoin, the world's largest cryptocurrency, has been a focal point for investors and traders alike since its inception. Over the years, it has experienced numerous cycles of bullish surges and bearish pullbacks, each one contributing to the digital asset's growing market maturity. As we approach the final months of 2024, many are questioning where Bitcoin is headed next. Is it about to repeat its historical uptrends, or will it falter amidst uncertainty? While I may not be a popular voice in the financial community nor trying to predict the future, I believe there's something unfolding that is worth sharing with the wider crypto audience. My analysis is based on historical patterns and technical insights, specifically drawing from key trends that Bitcoin has exhibited since 2017. Horizontal Support and Resistance Levels: The Backbone of Market Movement When looking at the chart, one of the most immediate elements that stand out are the horizontal lines, which represent significant support and resistance levels. These are price zones where Bitcoin has historically either reversed or hesitated, indicating their importance in the market's psychology. Over time, these levels have been tested multiple times. For example, the $60,000 to $65,000 range has served as both a ceiling (resistance) during previous bullish rallies and as a floor (support) when prices have dropped. The ability of Bitcoin to consistently interact with these horizontal zones suggests that they play a critical role in determining where the market will go next. The Upper Trend Line: A Long-Term Perspective Beyond these horizontal levels, there is a major upward trend line that connects several of Bitcoin’s higher price points over the years. This line is a reflection of Bitcoin's long-term trajectory — steadily increasing despite the many volatile swings in between. Every time Bitcoin’s price pulls back, it doesn’t fall too far before it once again starts climbing toward this trendline, proving its resilience and long-term growth potential. As this line stretches further into 2024, it intersects with Bitcoin’s current price action. The market’s behavior near this line could be telling; a breach above it may signal the beginning of another substantial upward trend. The Potential Breakout: A Circle of Interest One of the most crucial aspects of this chart is the area marked by a green circle. This is where I believe Bitcoin is preparing for its next major movement. Based on historical price action, it appears that within the next one to two months, Bitcoin could surge dramatically, potentially breaking past previous resistance levels. The circle captures the convergence of several technical indicators, including the horizontal price zones and the upward trend line, which both suggest a confluence of bullish factors. However, I am not here to convince anyone that this analysis is a crystal ball into the future. Rather, this is my personal observation of how the market might behave, given the technical patterns that have unfolded over the years. Whether or not Bitcoin follows this predicted path remains to be seen, but the indicators certainly provide a compelling narrative for potential price appreciation in the near term. The Unknown: No Guarantees in a Volatile Market It’s important to remember that the cryptocurrency market is notorious for its unpredictability. Even with years of data and sophisticated technical analysis, no one can guarantee with absolute certainty what Bitcoin will do next. External factors — ranging from macroeconomic shifts to regulatory announcements — can always derail technical predictions. That being said, technical analysis serves as a valuable tool for identifying potential trends, and right now, Bitcoin’s chart is signaling something significant is on the horizon. Conclusion As Bitcoin hovers around critical levels, all eyes are on its next move. The combination of historical support and resistance, long-term upward trends, and a potential breakout zone suggests that Bitcoin might be gearing up for an explosive rally within the next few months. Whether this surge materializes or not, one thing remains clear: Bitcoin is at a pivotal moment in its market cycle, and the weeks ahead will likely provide traders with a clearer sense of where it’s headed next. In the end, while I am not claiming to have all the answers, this analysis reflects what I see happening on the horizon. As always, it's crucial for anyone engaging with these markets to approach with caution, but also with curiosity. After all, the beauty of the crypto market lies in its endless potential for surprises.
BITSTAMP:BTCUSDLong
by darthmostafa
2
BTCUSD: This is just a huge Bull Flag on the way to 200kBitcoin just turned borderline bullish on its 1W technical outlook (RSI = 57.457, MACD = 2355.100, ADX = 20.299), which is very positive long term as the buyers are making their presence felt for the first time since March. Supported by the 1W MA50, it is a huge development that the 1W MACD has formed a Bullish Cross. The same set of formations occurred in April 2020. We believe the two patterns to be similar and this makes the 7 month Megaphone just a mid Cycle Bull Flag. The 2020 pattern peaked on the 2.0 Fibonacci extension. If that is replicated, then Bitcoin can break 200k by the end of 2025 (TP = 215,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
3
DXY Descending Triangle predicts Bitcoin RallyIntroduction The simplest and most powerful long term relationship or indicator we have for the price of bitcoin is the DXY (the dollar index against a basket of other main currencies comprised of US trade partners). Therefore long term chart formations in the DXY can help crypto traders or investors make very profitable long term moves. Those that ignore this inverse relationship do so at their peril. Current analysis A pain view of the top chart shows two fat pairs of arrows that show when bitcoin went down and DXY went up. It also has two skinny arrows that show when DXY falls Bitcoin rises. Clear and irrefutable. What is up for debate right now is if the descending triangle I note is valid. There are several good DXY ideas out there right now but none seem to have taken this wider view: www.tradingview.com DXY Zoom In Everything is basically on the daily chart. DXY is actually at its 4th lower high and this current high is stalling right at the previous support of the double top of April to June, 2024. The indicators show clear hidden bearish divergence. For those that need a review, here is the simple divergence primer: Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator Hidden bearish divergence suggests the downtrend will continue and DXY will continue to fall. Weekly DXY Guess what? The weekly DXY looks like hell as well. This rising trend line was previously acting as support and is now acting as resistance. Conclusion I see no reason why the powerful and clear inverse relationship between dxy and bitcoin should not continue. Basically everything in the “anti-fiat” or “weak dollar” categories should act predictably while this descending triangle plays itself out. This trade or posture doesn’t require fancy indicators or complex theory. Just basic charting supported by some minimalistic indicators to add a bit of richness to the technical analysis and fundamental relationship between Bitcoin and the DXY. I am long crypto in one form or another. I have a coupe of rotations planed out for the next year. Wish me luck. Please see linked ideas for some other ideas that inform my current thinking.
Editors' picks
BITFINEX:BTCUSDLong
by This_Guhy
31
Bitcoin Weekly to Four Analysis: Everything To Know Good morning Trading family So I created this video to figure out where we are currently at in Bitcoin in price but as well what levels can Bitcoin reach currently and what happens if Bitcoin reverses with the Bears I try to go into full depth to give you some levels to look for to help you mark out good entry or short positions if you are shorting Bitcoin If you like this video or found it helpful : like, comment, follow, boost I appreciate it all Mindbloome Trading / Kris Trade What You See
MARKETSCOM:BITCOINLong
by Mindbloome-Trading
SPY/QQQ Plan Your Trade For 10-24 : Breakaway PatternToday's trading should begin to resolve as a reversion back to the upside after yesterday's panic selling. I spend a lot of time going over what happens when news or outside events disrupt price action and sometimes disrupt my SPY Cycle Patterns so everyone can try to understand how the SPY Cycle Patterns work. My SPY Cycle Patterns are not immune to news or outside events. They attempt to predict what price will "most likely" try to do for a day based on Fibonacci, GANN, Tesla, and Rodin Vortex Math concepts. They don't attempt to predict or address any outside news, geo-political, earnings, or other external data. As I like to describe them.. They represent price characteristics, showing what price would most likely attempt to do if no outside event disrupts the markets. Given yesterday's panic selling and the fairly strong recovery/reversion we are seeing in early trading, I believe the SPY/QQQ will attempt to move into a moderate rally phase lasting till October 30-31, then move aggressively downward just before the US Elections. Gold and Silver will follow roughly the same path but may become even more volatile just before the elections. Bitcoin is still consolidating sideways - just as I expected/suggested. Please pay attention to my comments about HEDGING and POSITION SIZING over the next 3+ weeks. These market trends (with lower liquidity) can often be very difficult for all traders. It is better to cut your trading allocation down to 20-25% of normal sizes throughout these election cycles (especially so close to a hotly contested election). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
2
10/23 5th time BTC rejected from 70k. Bullish? Overview: The AMEX:SPY saw a healthy pullback of 0.9%, with a long wick touching levels last observed on September 26th. The index trended downward from the start of the trading session but rebounded sharply in the last two hours, doubling the volume seen earlier in the day. This surge formed a hammer candle—a bullish indicator, particularly when accompanied by increased volume. Existing home sales in the U.S. dropped 1% from the previous month, reaching a seasonally adjusted annual rate of 3.84 million in September 2024, marking the lowest level since October 2010. Today, new home sales and initial jobless claims are expected, with forecasts set at 245k, slightly above the previous reading of 241k. If the numbers come in lower than expected, it would suggest the economy is not cooling sufficiently, potentially extending inflation. This decline could be attributed to a rise in the 30-year fixed mortgage rate, which jumped 14 basis points to 6.82%, the highest since July 26 and a 71-basis-point increase since the Fed’s last major rate cut. The likelihood of a rate cut in November has now dropped to 7%, influenced heavily by the Fed's upcoming reports. Given the weakening housing data, a rate cut may still be necessary to support the economy. The recent market correction has exposed different strategies among ETF managers. BlackRock continues to buy aggressively, maintaining its purchase levels even after a 5% correction, keeping its stance bullish. Fidelity has remained neutral, staying on the sidelines since the peak of the current bull wave. ARK Invest, however, bought heavily at the top but is now selling during the correction, realizing losses. In summary: BlackRock is bullish, Fidelity is neutral, and ARK is bearish. BTC TA: W: BTC is slowly forming this week's red candle, but bullish hopes persist. D: A significant correction unfolded, as the triple divergence likely completed. The day's wick dipped below $65.8k, then bounced off the 0.618 Fibonacci level, calculated from the bullish pump that began on Monday, October 14th. Despite the pullback, BTC showed higher volume and managed to recover. The final daily candle formed a bullish hammer, although the volume wasn't notably higher than the last two bearish days. As previously mentioned, as long as $62.7k holds, the bullish outlook remains intact. Drawing trendlines for BTC this year shows the current upper boundary is slightly sloped downward—forming the top of what appears to be a bullish flag. It follows a large rally, with a slight pullback and consolidation, setting up for another potential breakout. Last Friday, on the 18th, the trendline was broken, suggesting a bullish confirmation if retested. However, yesterday’s price action pushed BTC below this trendline. Of course, the trendline could be adjusted to fit the bullish narrative, but the key level to watch is $66.5k. 4h: A sharp drop occurred yesterday, but most of it was recovered in the latter half of the day. This dip seems correlated with the S&P 500’s drop. BTC lost the local point of control at $66.8k but regained it. If bearish momentum continues this week without positive news, and if BTC falls below $65.8k, the next critical support is the yearly level of $62.7k. However, this would be the fourth or even fifth time this year that BTC has been rejected from $70k. If that happens again, will there be enough bullish momentum left to hold $62.7k? The candle that bounced off the 0.618 Fibonacci level formed a green hammer with above-average volume—a bullish sign. 1h: The hourly chart shows a V-shaped recovery, an uncommon pattern in market behavior. Beyond that, no additional insights. Alts Relative to BTC: Interestingly, SOL has been rising while the rest of the market declines. Some attribute this to renewed interest in memecoins. However, popular Solana-based memecoins like WIF, BONK, and MEW are down, with only Popcat showing gains. Bull Case: BTC faces rejection at $70k, followed by a deep pullback, and the Fed decides not to cut rates in November. Bear Case: The Fed cuts rates, and BTC rallies. Fear and Greed Index: The index is at 52, continuing its downward trend this week. Opportunities : Check BINANCE:APTUSDT for a possible short opportunity. If SUI and TAO already corrected after their big pump, APT still wobbles at the top and recently posted bearish shooting star daily candle with high volume.
COINBASE:BTCUSD
by EvgenCapital
October 23 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. Nasdaq indicators will be announced at 11 o'clock shortly. In the analysis article on October 21, section 2, After entering a long position at the purple finger 66406.5 dollars on the lower left, I connected today's strategy. The daily chart MACD dead cross pressure is being connected, and there are too many variables because of the Nasdaq variable + sideways movement, so I had a hard time making a strategy. This is today's strategy. *Blue finger movement path Bidirectional neutral Long -> Short switching strategy 1. 66,296 dollars long position entry section / stop loss price when purple support line is broken 2. 67,244 dollars short position switching / stop loss price when orange resistance line is broken -If it falls immediately without a wave from the current position Or if it hits section 1 at the top and falls It may be pushed to Bottom -> Section 2 at the bottom. Instead, if section 1 is touched and adjustment occurs It may be a safe section at the 66.2K long position switching section. -If it reaches 67,244 dollars after section 1 is broken at the top Short position entry section For those who are aiming for a short position today It would be good to aim for a short position in both sections from section 1 at the top -> 67.2K. If you succeed in long->short switching, depending on the situation, you can use the first section as the final long position switching point. Also, currently, ahead of the 100 million breakthrough, the point where the rebound started is 58.9K in CPI, and in terms of the drawing, there is no problem from the mid-term point to the current point. Please pay attention to the movement of Nasdaq and the MACD dead cross imprint on the daily chart this week. Up to this point, I ask that you simply refer to and use my analysis, and I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
6
Looks corrective.Was hoping we could get enough separation to suggest a macro impulse wave, instead this looks really corrective. We already had what looked like a liquidity dip, and am remaining long for now. The market tries to give everyone what they want, even if it's just for a minute. If we get an 8 hour candle to close below the white line, around 60k, I'm going to take a bunch of profits and have about a 5.5% stop loss before jumping back in. Getting tired of paying taker fees and getting swept with stop-limit orders. So going with this 8 hour candle bit. Probably will let it roll until it gets lower in range or we start getting reversal signals.
COINBASE:BTCUSD
by highfivinMF
7
The dominance of BTC in the options market is now back to 2021 October monthly expiry is just around the corner and in general October has been less than expected, with the upcoming election and interest rate cuts not bringing much positive news or inflows to cryptocurrencies. The IV for the election week stayed at 55%, while earlier options were affected by the move to the moon and the IV was significantly lower, while there was also a significant increase in Block options trading, with 40% of daily trades now coming from the Block. The dominance of BTC in the options market is now back to 2021 levels, which is directly related to the weakness of ETH, and options market indicators are now almost exclusively based on BTC data.
BITSTAMP:BTCUSDLong
by Greeks_live
Not hurry up with a new longMorning folks, So, Monday's setup is done perfect, we've got long entry around 66K support area as we've planned. But next step currently is not evident. The point is that the retracement starts across the board - DXY, FX, Gold, Bonds etc... BTC in recent few weeks had a bit special performance. And mostly it was moving higher on D. Trump crypto programme. Currently we wouldn't hurry up with a new long entry. Those who bought around 66K could keep positions with breakeven stops.
COINBASE:BTCUSD
by Sive-Morten
1
BITCOIN This 1D Golden Cross can push it to the ATH ($73800).Bitcoin (BTCUSD) is ahead of a major bullish formation as most likely by next Monday, it will form a Golden Cross on the 1D time-frame, the first such formation since October 29 2023. As we've analyzed before, it is no coincidence that exactly 1 year later a new 1D Golden Cross emerges as seasonality and long-term Cycles play a pivotal role for BTC. On top of that, the price made a major re-test (and so far bounce) at the top of the former Channel Down that broke upwards last week. If this re-test holds, it is the best short-term signal for a new High. In fact the price has been making Higher Highs since the August 05 bottom, forming a double Channel Up pattern, and those Higher Highs are the reason why the market got behind this rally and supported it to break above the 7-month Channel Down. So the Higher Highs along with the 1D Golden Cross are the bullish combination that the market needs to look (much) higher. The first technical target now is naturally the 73800 All Time High (ATH). It is very possible to see it get tested by the election day. But what do you think? Do you expect the ATH to break aggressively after the elections, just like the October 2023 1D Golden Cross did? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
Selling BTC/USD at 69,000Although trading in Bitcoin continues to be mixed and volatile, there are certain factors that offer a negative bias: • We posted a bearish Outside Daily candle on October 21. This formation is often seen at the top of the trend and the start of a new downward bias. • We have broken out of an Ending Wedge formation to the downside. This pattern offers a measured move target of 62,033. • The intraday chart highlights the building of a bearish Bat formation. We have substantial resistance is located at 69,000. This trade plan will expire at midnight on October 24. SL: 70,250 TP1: 62,055 R Rate 5.56 #tradeplan #bitcoin
COINBASE:BTCUSDShort
by IanColeman