BTC has to pay the price of this year's move.Hello Traders. I think a correction is due before BTC can move further. BTC has to find a higher volume in order to make a significant move. Levels are on the chart. Happy Halloween!Shortby Cryptogreen0
BTC's Downturn started Technical Analysis Report: BTCUSD (H4) Summary: A technical analysis of the BTCUSD chart on the H4 timeframe reveals a significant bearish reversal pattern. Key findings include: 1. Bearish reversal pattern identified after the CHOCH appeared 2. Trend reversal from uptrend to downtrend 3. Point of Interest (POI) serving as strong resistance 4. Formation of a substantial Fair Value Gap that will retest again BTC Recommended Trading Strategy: - Risk-Reward Ratio: 1:3 - Stop Loss: little above the Point of Interest - Take Profit: Previous Lower Low Sell Entry Zone: 68000_68500 Take Profit: 65000 Stop Loss: 69500Shortby LeonardoTrader9t96
BTCUSD I Forecast and trading plan Welcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Long03:25by BKTradingAcademy448
New correction Bitcoin D1.23.10.2024New correction Bitcoin 📉 The last analysis of bitcoin worked out perfectly with targets reached around 69k. Now I expect a new correction to the area of 62k-64k buyers zone and from there new buys with the aim of overhigh and possible retest of historical resistance 74k. This is not a one week affair and therefore the growth process may be extended till the end of the year with possible consolidation. BITSTAMP:BTCUSD Shortby KovachTrader5
BTCUSDMidweek Update. Follow Up on current Sell call/trade & what to look for next. But Price is doing exactly what the Candles told me.... _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #ScalperTrader #DayTrader #SwingTrader #PositionalTrader #MambaMentality #GodMode #HighLevelTraderShort19:41by TheeSnipeGoat445
BTCUSDThe btcusd should go back to buying once it reaches my contract block, it should start in an uptrend again.Longby MCY-TRADER-BTC_GOLD1115
btc 23-10-2024 / I think go to 63k againwhen btc gain supply zone of HTF , and break trend => trend down on 4h . Short05:35by Haingan2222225
RETESTING IN PROCESS, almost complete! BITCOIN will be retesting, Using custom Pivot blocks, Pivot low and High with Ma's, key level, and other trading methods. The yellow square is the retesting confirmed zone. This means once it reaches this area, BTC should be ready to move up. Trend Navigator still needs to confirm with PIVOT LOW with the retesting area. Pricing possibles. Possibles because BITCOIN assurance move-up is needed BITCOIN has corrected about 2k, My correction was said from $2k to $4K. So far BTC moved downward about $2k. I'm ready for any sudden downside moves. There can still be a BULL fakeout and keep moving downwards. TIDAL WAVE with PHASE 4 has been confirmed. This is only a 4HR TF, to much noise. Higher timeframes are reading TIDAL WAVE. This lower timeframe chart was created for those in Wonderland. Longby The_ForexX_MindsetUpdated 171733
Bitcoin (BTC/USD) on a 4-hour timeframe.Bearish Scenario: If Bitcoin continues to face rejection at the channel resistance, we could see the price retrace toward the channel’s midpoint around $62,000 to $60,000. A break below this level could open up the path toward the lower boundary around $56,000 to $55,000. Bullish Scenario: On the flip side, if Bitcoin can reclaim its position above the channel’s upper boundary with strong volume and bullish momentum, it could signify a breakout, leading to a move toward $68,000 to $70,000 and potentially beyond. Neutral Scenario: Given that Bitcoin is trading near the middle of the RSI and the MACD is showing mixed signals, it’s possible that the price may consolidate within a range between $62,000 and $66,000 before making a decisive move based on upcoming events (such as Election Day). Conclusion: Bitcoin is at a critical point within its descending channel, and the next few days could dictate whether the price sees a bullish breakout or a bearish continuation. The immediate resistance lies at the upper boundary, while key support levels to watch are $62,000 and $60,000. The RSI and other indicators are pointing towards a neutral to bearish bias unless a clear breakout occurs.Shortby Stoxello1
BTC/USD "BITCOIN" Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist BTC/USD "BITCOIN" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 4H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂 Longby Thief_TraderUpdated 5
Uptober Will End As Downtober | Bitcoin MonthlyI would like to call your attention to the sessions/candles of April and November 2021, both followed the same pattern we are witnessing now, in October 2024. ➖ April 2021 started green, we saw prices moving higher and by the end of the month a bearish bias developed and the session ended red. A strong correction followed and this signaled the orthodox end of the bull-market. ➖ November 2021 started green, we saw prices moving higher and by the end of the month everything was red. This was the end of the bull-market and the start of a major bear-market. Bitcoin peaked March 2024 producing a new all-time high. ➖ October 2024 started green, we saw prices moving higher and things are turning red now. We have the same Doji that showed up in April and November 2021 but still green, it can end up red. Ending red confirms a major long-term lower high (more than six months old) and potentially the start of a major correction. I say here the start but this would be the start of a bearish impulse that will end an already ongoing major correction. 👉 The main support levels are 55K, 44K and 36K. It is possible that Bitcoin moves even lower but we have to wait and see how it all ends. 👉 Bitcoin is bearish and the major Altcoins are also bearish. 👉 Ethereum's weakness reveals a major bearish bias across the Cryptocurrency market giants. 👉 Many of the medium-sized and smaller Altcoins are ultra-bullish and breaking 2-3 digits up while the giants are moving down. ➢ Conclusion Money flowing out of Bitcoin and the big Altcoin projects will move to the smaller Altcoins. Thanks a lot for your support. Namaste.Shortby AlanSantana4545114
Possible pullback on BTC before resuming the UptrendOn 15 October, Bitcoin (BTC) surged above its previous high, confirming its uptrend on the 2-hour chart. The cryptocurrency is now trading above the 200-period Simple Moving Average, with the potential to reach an all-time high in the coming months. However, shortly after surpassing its previous high, BTC formed a Head and Shoulders pattern on the 2-hour chart, indicating a possible short-term pullback. Currently, BTC appears to be breaking the neckline of this pattern, suggesting a potential decline in price over the next few days. A bearish pullback could see BTC decline to the 64,300 region, aligning with the 50% Fibonacci retracement level of the recent upward movement. This area is expected to provide support, allowing BTC the opportunity to resume its upward trajectory. Technical Summary: A steady uptrend is evident on the 2-hour chart. Breaking above the previous high signifies a potential continuation of buying momentum in the upcoming months. The Head and Shoulders pattern on the 2-hour chart indicates a possible bearish pullback in the short term. An important support zone at 64,300 could serve as a foundation for resuming the uptrend. Given these considerations, a buying opportunity may arise if BTC retraces to a range between 64,300 and 65,300 in the coming days. Traders should look for confirmation through bullish patterns, such as a Pin Bar or an Engulfing pattern on the 2-hour timeframe. It is also essential to note that upcoming US elections could significantly impact BTC's price. If Donald Trump wins, his inclination towards promoting Bitcoin may further influence market dynamics. Preparing for Potential Market Movements In summary, while BTC shows strong upward momentum, the formation of the Head and Shoulders pattern indicates that traders should remain cautious of a possible pullback. Monitoring key support levels and upcoming economic events will be vital for making informed trading decisions in the evolving market landscape. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.by Marketscom7
Buy BTC at 66.370 to 67.777BTC long. Previous day low is taken. On 5m tf a FVG has formed. Wickoff structure is forming we are at the spring imo, the buy will be the test. Target is previous day high and 4h FVG above that, before going further down.Longby pvaarleUpdated 1
BITCOIN OUTLOOK - DEADCAT BOUNCE OR A START OF EXPLOSION ???Hopium has spread across the market over the past fortnight as BTC climbed to +69k. The real question is that "IS IT A BREAK-OUT TO ATH?". Let's quickly dive into the action. There's NO DOUBT that BTC is going through accumulation phase. Although it has taken longer than what we anticipated (~8 months), our long-term narrative is still unchanged - IT'S ONLY A MATTER OF TIME THAT A FINAL 5th WAVE WILL BE A BLOW-OFF TOP TO +100K. Nevertheless, PA still exhibits mixed signals whether BTC has truly bottomed at 49k. Normally, in order to establish a sustainable trend, whether upside or downside, we would always want to see an impulsive move towards the direction where the market wants to go. Otherwise, there's a decent chance that it's only a corrective move of a HTF PA. Since PA has displayed somewhat ambiguity, there are TWO PROBABLE SCENARIOS that BTC could play out in the next couple of weeks. SCENARIO 1: WXY CORRECTION - Narrative: Short-term uptrend continuation - Probability: Low - Aspects to consider: Minor 4th Wave must NOT overlap previous Low (~59k) Minor 5th Wave needs to take out +70k Passive Spot Bidders actively step in at any price above 59k In fact, PA has still significantly driven by Perps team (Late Longs and Shorts Covering). Lack of Spot Buyers has proven a weakening interest at current price level. With an increasing Spot Sellers, cumulative spot CVD is still largely negative. That's why we've rated this Scenario to be unlikely. SCENARIO 2: WXYXZ CORRECTION - Narrative: Short-term Bearish, completing "Z" Wave - Probability: High - Aspects to consider: Untapped downside liquidity from sub 59k to 55k Spot CVD is still largely negative and has NOT shown any signs of divergence Marginal HHs/HLs PA from 49k - 69k If Scenario 2 plays out, we expect "Z" Wave to be a Double Three correction type, ranging anywhere between "Z1" and "Z2" as shown on the above chart. We also believe that this is also a "true" BTC bottom. If you're a spot hodler, there's no need to worry about and this "dip" is your golden opportunity to stack up your pile. As opposed, 69k is a level to de-risk your LONG positions. by mickey_v110
BITCOIN IS THE KING. TECHNICAL ANALYSIS + TRADE PLAN!Falling Wedge Pattern: This pattern is a bullish reversal pattern typically seen in downtrends. It indicates that while the price is making lower highs and lower lows, the contraction of the wedge suggests weakening bearish momentum and a potential breakout to the upside. Rectangle Trading Pattern: This is a continuation pattern where the price oscillates between parallel support and resistance levels. A breakout from this range generally indicates the direction of the next significant move. In the provided chart, it appears Bitcoin is oscillating between a support and resistance line, forming a potential rectangle trading pattern. However, the falling wedge (marked with blue trend lines) is key to understanding a possible breakout scenario. Indicators Analysis: VMC Cipher B Divergences (Bottom Panel): This indicator suggests possible bullish divergences, where price makes lower lows but the indicator fails to follow, signaling potential upward momentum. RSI (14 Close): RSI shows moderate momentum, not yet oversold or overbought, providing room for either direction but with a bias towards a potential bullish push considering the context. Stochastic Oscillator: Currently in a neutral position but showing signs of turning upward, suggesting a near-term buying opportunity if the indicator crosses bullishly. HMA+ Histogram: Displays a mixed sentiment, with red bars indicating bearishness, but a possible reversal to green (bullish momentum) could be forming soon. Key Price Levels: Support: The critical support level at around $63,800, visible on the chart, could serve as a strong buy zone if Bitcoin retraces. Resistance: The rectangle’s upper boundary at approximately $72,000 - $75,000 is the key resistance level to break for a confirmed bullish trend continuation. Potential Breakout: The price action is currently at the upper limit of the wedge pattern, suggesting that a breakout is imminent. A bullish breakout could lead to a rally, potentially targeting the next psychological resistance around $80,000. A bearish breakdown from the current wedge could retest lower support levels at $63,800 or even lower toward $60,000 in extreme cases. Timing and Momentum: The presence of the clock and plane icons in the chart might suggest an expectation of a sharp move in the near future, likely pointing towards increased volatility. Time-sensitive action is expected soon, with a bias towards the upside given the current price position within the wedge and rectangle. Trading Plan: Entry Strategy Bullish Scenario: Buy Zone 1: Enter long on a confirmed breakout above $72,000, targeting $75,000 - $80,000. Buy Zone 2: Alternatively, buy the dip near $63,800 (key support), if the price retraces, with a tight stop loss below $62,000. Bearish Scenario: If the price breaks below $63,800, short positions could be considered with a target near $60,000, assuming no bullish reversal occurs. Exit Strategy Take Profit Levels: For long positions, scale out at $72,000, $75,000, and $80,000. For short positions, take profits in the $60,000 - $63,000 range. Risk Management: Set a stop loss just below key support levels (for long positions), such as $63,000, to limit downside risk. For short positions, place a stop loss above $72,000, in case of a sudden bullish breakout. Trade Duration: Given the contracting wedge and the signals from the indicators, the trade could last from a few days to a couple of weeks, with high volatility expected soon. Maximize profit opportunities in either direction while minimizing risk. Keep in mind to continuously monitor volume and volatility levels, as they could be decisive for breakout confirmation. Longby elfabiiani2
BULL BTCbuying BTC from 51,723 and price has been moving really well and hopefully it will hit 73,600 Longby VolTraderFX1
BTCUSD | 19.10.2024SELL 68000 | STOP 72000 | TAKE - 1 - 65450, TAKE - 2 - 64000 | Technical.Shortby ProPhiTradeUpdated 224
BTC Oct, 2024All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.Shortby AlpacaBlack111
BTC will Fly Soon, Book Your SeatsInstrument: Time Frame: W1 Chart Observations: 1. Identified inverted Cup and handle pattern with neckline working as the strong resistance for BTC 2. Breakout at neckline will promote buy trend in huge volume 3. Fast E.M.A is above the slow E.M.A indicating still their is uptrend Trading Strategy: Sell entry @ 73500_74500 Take Profit= 83000, 92000, 100000 Stop Loss= 67000Longby Fxjames0009444
BTC Bullish Flag PatternBTC should make a measured move from its Bullish Flag Pattern. This move is projected to be: to the upside.Longby mknight26900
Btc, Lower targets are in playThere are some lower SMA targets in play if this 65,900 area does not hold. The Dollar is causing chaos in other markets like Japan and it is having real effects into crypto The US elections are coming up very soon and the big money is looking to make moves. Lots of volatility still to come with Fridays options expiring. Stay vigilant my friends. by Sir-Kameleon0
elliot wave outlook for btc full moon on the wayelliot wave outlook for btc full moon on the way just one more higher low left to prove that this is going to 100k and above.Longby Imaan0