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BTCUSD trade ideas

Bitcoin Wait for a good longThe bullish case is strong, but proper risk management is essential if you're looking to go long. The current market is heavily overleveraged with long positions, causing sharp wicks and rejections, typical of a bull run. I plan to wait and open a position at $60,750, keeping in mind that the price could drop further to $57,700, where I also plan to enter. However, don’t sleep on that level—it might be the last opportunity to open a long at a good price! BINANCE:BTCUSD
BINANCE:BTCUSDLong
by Jaytradermb
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context? News Impacting BTC's Price Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments. Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum. BTCUSD’s New Prospects BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
BITSTAMP:BTCUSDLong
by Boss_Saylor
2
#202445 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: Neutral. If we stay below 85000, we can have a two legged correction from here. Above 85000 I don’t see any reason to not print 100k. Quote from last week: comment: Bulls made the breakout early in the week and retested the ath 73805 but came short couple of points. It’s obviously the mother of all double tops here since the rejection is already deep enough, that there is a decent chance we won’t reach 73000 again. comment : What a rally this is. On Thursday I wrote that we broke high enough to make 80000 a possibility and it happened on Sunday. I absolutely can’t this see going any higher as of now but I can also be totally wrong about that. I have no interest in buying this, whatsoever. I have also drawn my preferred path forward with a two legged correction where the B would reach 80000 and we got that part already. My next target is 72000/73000. current market cycle: Bull trend key levels: 70000 - 80000 bull case: Bulls outdid themselves with the 80000 print. I expect big profit taking to come around soon and late bulls will get burned. My bullish targets are met and I got nothing for the bulls above 80000. Invalidation is below 70000. bear case: Bears are stepping aside for now until the spike is done. 80000 is the perfect place to wait and see if profit taking starts and once it gets going, I expect big bears to sell aggressively. If bulls manage to keep this going above 85000 I am completely wrong with my read and this could actually melt to 100000. How do I come up with that target? Measured move from the current spike is about 95000 and that is close enough to 100k to make it. What a sight that would be… Invalidation is above 85000. outlook last week: short term: Bearish medium-long term. Short term we could retest 70000 or higher but if you can hold shorts with stop 75000, I think they can work. → Last Sunday we traded around 68620 and now we are at 79329. Could not have been more wrong. Monday and Tuesday confirmed my read but Wednesday left no doubt about it being wrong. short term: Neutral but if we stay below 85000, we could see the two legged move down as drawn. Could still just be a bull trap and we sell down hard again. That does not mean shorting this right now is a good idea. Bears need to show strength with consecutive bear bars before I think about joining them. Right now it is max bullishness. medium-long term - Update from 2024-11-10 : No current outlook until bears come around. Above 85000 this has potential to go for 100k. current swing trade: None chart update: Added bullish 5-wave series and potential two legged correction. If we print 85000, the current bull leg is probably a W1 of a new impulse which could lead to 100k.
CRYPTO:BTCUSD
by priceactiontds
#BITCOIN. A healty pullback before a possible more agress move. CRYPTOCAP:BTC price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals. This surprised traders who were optimistic about new all-time highs following the cryptocurrency's strong rally earlier in the week, gaining 9% to $72,000. The sudden decline saw BTC fall from a high of $71,980 on May 21 to an intra-day low of $66,606 on May 24. This latest move in BTC price I would call a healty pullback / possible fakeout and I expect to see BTC might make a gap up or a climb to as high as 77/78k LVL. While still keeping my old analysis as a base. (THIS WAS RECENTLY REMOVED BY MODERATORS FOR RESTRICTED CONTENT). Here is the original numbers from apr 16 analysis. If price = down from: Ema 20 Sma 50 =bears will try to push for 60k lvl. If this lvl breaks look for 61.8% Fib r lvl of $54++ If price breaks up from: MA = $60k - 73k range. A break + close above 73,777 indicates a resumption of the uptrend to 80k.
BITSTAMP:BTCUSDLong
by BaseLineTraders
2
BTCUSD Technical Update : Bullish Breakout ConfirmedOn November 4th, Bitcoin (BTCUSD) successfully tested trendline support at $66,783.77, followed by a decisive breakout above resistance at $68,800 on November 5th. This surge propelled BTCUSD to a new all-time high (ATH) in the $75,000 area. Consolidation and Continuation From November 6th to 9th, BTCUSD consolidated sideways before resuming its upward trajectory. The new bullish support trendline at $76,509.56 remained intact, providing a springboard for further gains. Key Breakout and New ATH BTCUSD breached resistance at $78,210, skyrocketing past $80,000 to establish a fresh ATH at $81,111. Technical Outlook - Support Zones: $79,250 and $77,312.17 - Resistance Zones: $80,137.69 and $81,111 (new ATH) - Bullish momentum intact Recommendation Maintain long positions, targeting further upside. Caution - Monitor for potential pullbacks - Adjust strategies according to market conditions BTCUSD: Bullish breakout above $68,800. New ATH at $81,111. Support zones: $79,250, $77,312.17. Resistance: $80,137.69.
COINBASE:BTCUSDLong
by SL2ENTRY
BTCUSD:Watching $76,400 support trendline break. Potential shortBitcoin's bullish momentum has reached a critical juncture. Key Levels: - Support Trendline: $76,400 - Breakout Target: $69,720 (previous resistance) - Long-term Target: $85,000+ Entry Strategy: - Wait for break of support trendline ($75,400) - Confirm bearish momentum - Short positions considered Market Sentiment: - Cautious, awaiting break or bounce Technical Indicators: - RSI: Neutral (50-60) - MACD: Converging lines Near-term Outlook: - Break below $76,400 may trigger sell-off - Bounce or consolidation possible - Long-term uptrend intact Recommendation: Monitor $76,400 support trendline closely. A break may present short-term opportunities.
COINBASE:BTCUSDShort
by SL2ENTRY
BitconacciSome insights panned out, not all. Nevertheless, the red path was dead on top and bottom. Inebriated mania severed by a wyckoff top. The weight of the Monthly MACD momentum spike happened to tip price over, corroborated by price drifting underneath the 12 EMA. These were the signals. These signals are reversed now. Momentum is poised. 12 EMA flipped. What is expected, lower prices and higher prices? What about an extended lull that grinds into an unexpectedly massive climb. There are reasons for this analysis, one is a new concept on nobody's radar yet. First, the weekly MACD seems to need a short breather. What is more interesting, however, is the Fibonacci time sequence marked in Blue. Cycles lining up since in 2009, btc genesis.
BITSTAMP:BTCUSDLong
by trade-God
BTC Suckers rallyFollowing a very similar pattern from a few years ago, it resonates with me very clearly that this is a sucker's rally. Either I'm right or wrong, it's a technical bet; with 0 fundamentals taken into account. Macroeconomic health is not looking too good still and we need to look deeper to be sure about the market we're taking long at. If everything falls into place, we should see a net 3x value from current bottom, probably 40-60k. Closest bet to close would be there.
BITFINEX:BTCUSDLong
by nixholas
1
What do y'all think...Shall we continue the groove?Hey everyone, just messin around with random ideas. Who knows, honestly just wanted to publish this because it might just work. Some close numbers in the previous two bear to bull cycles. I just measured the highs&lows of previous cycles along with duration. The numbers for the two previous full cycles were pretty close, so I just mapped the average out for our current situation. Still can retest lows but too much beyond that is probably out of sight. Dunno, not financial advice and just experimenting. Any insight? Hope everyone is well, thanks for your time.
BITSTAMP:BTCUSDLong
by Rigs
1
The CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming. With a horizontal neckline coming in at around $47.5-48k It gives us a LOG projection north of $140k Draw it out yourself and see :) A linear target would be much more subdued and give us a $80k target And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow. That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level) But lets's be optimistic and aim high but recognise the value of having BOTH targets in mind. @TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
BITFINEX:BTCUSDLong
by BallaJi
15
$BTCUSD Weighing in for it's Golden Bull RunBack in 2020 I posted the following chart : where I was looking for potential targets on BITSTAMP:BTCUSD during its bull run. The following lines are for specific weights of $XAUUSD. Yellow = 1 Troy Ounce of Gold Orange = 1 Troy Pound of Gold Dark Orange = 1 Troy Kilo of Gold I have added the next weight of OANDA:XAUUSD to the chart for future reference as backtesting the weights of gold seem to give some interesting clues as to where BITSTAMP:BTCUSD may end up in each Bull cycle. Pink = 1 Troy Stone of Gold
BITSTAMP:BTCUSDLong
by forclout
The price of BITCOIN is entering price discoveryBitcoin surpassed its previous all-time high, reaching $80,000 this weekend, signalling entry into a parabolic phase characterized by price discovery. While setting nominal price records, BTC's fully diluted market capitalization remains below its historical peak of $1.58 trillion. Based on current market dynamics and adoption trends, we project Bitcoin to reach $100,000 by the end of 2024, with potential upside to $180,000 by April 2025.
BITSTAMP:BTCUSD
by RichmondHillCM
1
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.
BITSTAMP:BTCUSD
by SaeedSalehinia
4
Bitcoin- Signs of a bottom formation?Hey everyone, what a crazy time to be in this space right now! Hope you all are fine out there! No matter if you made it through this mess or not, money comes back, always remeber that! There will be tons of new opportunities out there in the future, this space is just evolving more and more. As scammers get revealed, people will be much more cautious, as it should be. The one sector which I think will rise much stronger from the ashes of this whole situation will be the defi sector. Don't trust, verify! I don't want to talk more about this topic, so lets get right to the charts: RSI is clearly in the buttoming territory, which has always marked the buttom relatively accurate. More and more folks out there are shouting again "this time it's different", and they will always shout it out while sitting at or near the buttom. That's the way market psychology works. Buttoms are created when there are no sellers left at these prices. People like these already sold and are waiting for much lower prices. The next chart shows that we are sitting right at strong support of the total crypto marketcap: Moreover I always like to compare price fluctuation of Ethereum relative to Bitcoin (orange line). As you can see, imbalances in the relation of the Altcoin market to BTC often showed prominent turning points, or an imbalance in the otherwise highly correlated assets: Let's look at the volume, shall we: As always said in my previous posts, volume and price action are the two main factors everybody should watch. The volume spikes we can see right now can mark the buttom, as it always did. And again, I stick to what is most likely, not to the exception! Technically, ETH and a lot of Altcoins did not make a lower low like BTC did. So what do we need for confirmation, that this could really mark the buttom? Reclaiming and pushing though the area of 19k - 19,5k (orange box in the image above) and also holding above 19,5k. I could also point out that we are again in the territory where the costs of mining BTC is not profitable anymore for a lot of miners around the globe, which has also marked the buttom territory everytime. As Satoshi said: the price will always come back to the cost of production. It will fluctuate around this price level and eventually come back to test it from time to time. As most of you know I guess, these will rise constantly due to the halving. There are a lot more things I could show here but I guess it's enough, these are the most important facts in the Charts in my personal view. But I will not end this post without pointing out the current market sentiment: It is crazy bearish, as it always will be in buttom territories. Right now everyone looks into the same direction, lower prices. Ask yourself the question: when was the last time nearly everybody was convinced that prices HAVE TO be heading in one direction? The crowd is never right, and right now we are at the extreme end of that bearish sentiment. Timing the REAL buttom exactly to the tip is not what I strive for and also not a realistic thought. Finding the right range which should be a good spot for buying and holding for a longer period of time is the key element in my strategy. This is what I aim for. *** Keep in mind that this is NOT A FINANCIAL ADVICE, just my own thoughts about the market! ***
BITFINEX:BTCUSDLong
by Layer2Sandwich
4