BTCUSD trade ideas
Updated Chart, Detailed Windows. BTC Up, and to the Right.//From Previous Post - As miner's cost/price ratio remains above 1.0 for the sixth straight month, the accumulation range this cycle culminates in sparks here at the end of October. With ATH O/I across the board, expect some volatility as we move into the winter.
Volatility given the election narrative is expected. No advice here, but I wouldn't get shaken out if we see 63-65k retest here before another leg up. Personally, I think 65-66k is the magic number. Retest the macro trend, retest horizontal support, and into next gear for the rest of November and December.
Big money is playing with us now, expect some more grind compared to previous cycles.
Uptober --> ATH
BTCUSDThe BTCUSD is currently in a range while we wait for the US elections, so in the meantime I can go and get my block lower.
2 Months Till BTC reaches 95kUPDATE!!!!
Hello Fellow Traders,
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For BTCUSD.
Right Now I'm Still Bearish on BTCUSD for Short Term, But When it Reaches Around 20K I will Look for a Long Term BUY opportunity!
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
Let Me know if you have any Questions or Comments Below!
Please Support My ideas & Educational Posts with a Like and Comment ❤️
Link to chart
See You in the next Analysis!
Global Fx Education
Bulleyes!!! 71120 24 77777 idThis chart represents my analysis projecting Bitcoin's price to reach 77,777 USD on November 7, 2024. By evaluating past price movements and current market trends, I believe this price level marks a strong resistance point. Technical indicators and market sentiment suggest a high likelihood of movement toward this level. In summary, my chart highlights the 77,777 USD level based on a detailed analysis of specific signals and price trends in the market.
07 11 20 09
07 11 19 99
07 11 20 24 77.777
09 09 20 29 99.999
10 10 20 30 100.000
Bitcoin: Another FakeoutBitcoin has once again surprised traders with another fakeout. Recently, it has resumed following the established trendline after experiencing some volatility. On the 4-hour chart, there was a minor resistance level positioned at the 69000 dollar mark. Remarkably, Bitcoin has managed to break through this resistance. It's important now to monitor whether it can maintain its price above this level for a sustained period, as this will confirm a potential upward trend. Let's keep an eye on its performance to see if it can solidify its position.
BTC Market Cycle Alert: Is a 14-Month Bear Market Ahead?Hello everyone, welcome back!Today, I want to take you through an in-depth look at BTC's market cycle based on our cyclical analysis, which has shown some remarkably consistent patterns over the past few years.
In the analysis of Bitcoin's historical trends, we can observe a repeating cycle: a 15-month bullish phase, followed by a 7-month neutral or consolidative phase, and then a 14-month bearish phase. This cycle has held true across several past cycles, and the data suggests a clear pattern of shifts in sentiment and market direction. Let’s break this down:
1---The 15-Month Bullish Phase
Over the last 15 months, Bitcoin experienced a steady upward trend, aligning well with our cyclical analysis that predicted this bullish phase. During this period, we saw increased investor interest, strong price action, and substantial buying pressure that pushed BTC prices higher. This phase typically reflects optimism and adoption, drawing new investors into the market.
2---The 7-Month Neutral Phase
After completing the bullish run, BTC entered a 7-month period of consolidation. During this phase, prices tended to stabilize, with minor fluctuations but without a clear directional movement. This neutral phase often represents a market recalibration, where buyers and sellers reach a temporary equilibrium, and the market takes a breather.
3---The 14-Month Bearish Phase
Now, according to our cyclical analysis, BTC appears ready to enter the next 14-month bearish phase. Historically, this phase tends to see lower prices, as market sentiment shifts and bearish pressures take hold. During these periods, Bitcoin has shown a pattern of gradual declines, with some sharp pullbacks as investors become more cautious, and the market enters a period of correction.
This anticipated bearish phase aligns with broader cyclical data and could be influenced by various macroeconomic factors like USA Presidential Elections, tightening monetary policies, regulatory changes, or shifts in investor sentiment.
In summary, if BTC continues to follow this cycle, we may see a prolonged bearish phase unfold over the next year or so. Staying informed and preparing for market changes can help navigate these potential shifts more effectively.
If you found this analysis helpful, don’t forget to support my idea and hit follow for more updates on BTC, gold, US100, US30 and other key markets.
BTCUSD: Local Correction Ahead! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 68,452$
Wish you good luck in trading to you all!
shortbtc always gain momentum now it has reach its highest peak watching it closely it shows the slowdown it may fall a bit
BUY BITCOIN !! Everybody will be richPay close attention and i know dont like me being optimistic optimism.
I can feel it everybody this is the chance to buy bitcoin;
Buy it and hold it.. sell it around 150-180K somewhere around there but i am confident that bitcoin will hit $250K or possibly higher.
Its up to you when to sell your profits; if you buy with low lots youll hit thousand dollars profits or around 500$ profit..
Big lots you will hit big like more than $3K even in over 10K.
Buy bitcoin yall and when trump becomes president.. it will skyrocket that we have never seen before; i am inspiring everyone to see opportunity; not mountains that you cant see.
The support is strong and all i see is bullish huge bullish; if bitcoin hits all time high back to back then ETHUSD will hit $10K , SOLUSD will hit $1,000, Dogecoin will hit 1$ ..
Buy and hold it yall.. THIS.IS.IT
BTCUSD: Long Signal with Entry/SL/TP
BTCUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long BTCUSD
Entry Point - 67612
Stop Loss - 66366
Take Profit - 70099
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Bitcoin, BTC, You're not Bullish enough... $400k, $600k, $1.5mCan you feel that? the weight has been lifted...
With Trump winning the election expect BTC to rally. Hard. Garry Gensler? Day 1, gone. Elizabeth warren, powerless. Larry Fink - the CEO of the worlds largest asset manager is calling BTC a "flight to safety", saying "it's bigger than any government" & "its digital gold"...
The stars have aligned, we're all set for cryptos version of the .com rally...
Key Points
Trump won the election - extremely bullish for bitcoin
Trump has said the US Gov will not sell the BTC &
This will form the foundation of a BTC Strategic Reserve
Day 1 he will fire Gary Gensler
He wants to make America the global leader of crypto
Larry Fink - "flight to safety", "it's bigger than any government", "its digital gold"
2011 - 2015 Pitchfork still framing Bitcoins price almost 10 years later
1.618 pitchfork marked the 2017 top
First Algo target from 2015 - 2021 & second Algo target from 2011 - 2013 at $55,000 & $62,000 marked the 2021 double top
1.236 pitchfork boundary marked the first top in 2021
& the 1.0 pitchfork boundary marked the secondary high in 2021
First Algo target from 2020 - 2021 at about $126,000
Second Algo target from 2020 - 2021 at about $372,000
Second Algo target from 2015 - 2017 at about 395,000
1.382 Pitchfork boundary in confluence with algo targets for a November top
1st target for the 3rd wave comes in at $563,000
1:1 range expansion from 2011 - 2013 at $608,000
2.0 pitchfork boundary in confluence with algo target in September
2nd target for the 3rd wave at $1,500,000 by June 2026
The Trade?
Do everything you can to acquire as much spot Bitcoin as you can while we remain in this re-accumulation range, then diamond hand it as long as you can bare. A trade with big flashing neon signs like this doesn't come up every day.
Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance.
Remember to self custody, "not your keys not your crypto".
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Bitcoin Smashes ATH: Is a New Bull Run on the Horizon..?Bitcoin has recently soared to a new all-time high, a surge that many analysts attribute to the unexpected victory of Donald Trump in the presidential election. This political shift has sparked renewed interest and investment in cryptocurrencies, particularly Bitcoin. Currently, the digital currency is in the process of testing a newly established support level, which fluctuates between 74000 and 74600 dollars.
As Bitcoin ventures into this uncharted price territory, it presents both opportunities and challenges for investors. The uncertainty surrounding this price range complicates the ability to forecast potential price targets shortly. Market dynamics, investor sentiment, and external economic factors will all play crucial roles in determining Bitcoin's trajectory as it navigates these unprecedented levels.
Bitcoin Breaks or Fakes? Eyeing the $79K Target!🚀💥 Bitcoin Breaks or Fakes? Eyeing the $79K Target! 💡💰
Hey everyone, it's been a while! If you've missed my voice, let's dive right back into it and see what Bitcoin has been cooking up. The BTC price has been flirting with the $66,320 level, hitting it for the sixth time now, as seen on the descending channel. Historically, the third and sixth attempts have shown the highest chances of a breakout, so is this the moment we’ve been waiting for?
If Bitcoin does break out this time, we could be looking at a potential rise to $79,000. While there are some mild resistances around $69K, $70K, and $71K, the major target remains $79K.
The exchange reserve data shows a significant drop, indicating fewer people are moving Bitcoin to exchanges to sell—an encouraging sign that could be pointing toward a potential rally to new highs.
Zooming into the 15-minute chart, we’ve seen two rejections after hitting resistance. However, the third attempt, if successful, could trigger the next leg up. On the downside, we have solid support at $65,322 that has been tested, and buyers seem ready to jump back in below the $60K mark.
I’m bullish on Bitcoin and keeping an eye on this breakout. If it happens today, we could be well on our way to $79,000.
Let me know your thoughts in the comments below! I’ll keep you posted on the latest developments.
One Love,
The FXPROFESSOR 💙
Election week scenario #3This is the max pain scenario for all of the Long traders who followed in at the top last week. I expect major volatility going into and during the election, as well as the inevitable recount that will likely cause a major dump down to the lower untapped support levels around 60 K perhaps even lower.
Everyone confusing BTCUSD chart In this scenario i think we must wait US Presidential Election
Maybe everyone waiting that big event - otherwise BTC made a new HH already .
My opinion BTC will hit $64.500 zone before the BIG STORM
Just wait and trade in when market be calm
Bitcoin Has Potential Bearish Divergence After ATH
Things continue to look generally bullish, with Bitcoin closing well above its previous all-time high yesterday. The day also saw the largest bullish volume since that previous high, which confirms the breakout.
That said, there are signs we could see a pause. The 12-hour chart just confirmed overbought bearish divergence, which may also appear on the daily chart. However, it’s not confirmed yet; we’ll need a close with a lower high on the RSI, which is about 12 hours away.
No one should be surprised if we take a breather after such a huge move.
Election scenario 1BTC holds the point of control and daily support level before rebounding up to all-time high
Election week scenario 2 BTC loses the point of control, but holds the anchored view up from the swing low and weekly support level, followed by moved to all-time high
BITCOIN All indicators aligned for an incredible 12-month rallyBitcoin (BTCUSD) broke last week above its 7-month Bearish Megaphone pattern, which was essentially the pattern that absorbed via a relief pull-back the incredible rally that the market had since October 2023, fueled at large by the ETF speculation and then launch.
** Bearish Megaphones inside 7-year Channel Up **
This pattern is, as you can see, part of a greater 7-year Channel Up that encompasses the last two Cycles of BTC. Halfway through the 2018 - 2021 Cycle, the market also had a Bearish Megaphone, a little larger, lasting for 12 months before the price broke above it.
** The importance of the 1W MA50 **
That bullish break-out came when the price regained the 1W MA50 (blue trend-line) as Support and until the Cycle Top, it was never compromised again. In an amazing display of Cycle symmetry, Bitcoin is also being supported by the 1W MA50 right now (has been since the March 13 2023 weekly candle), in fact it was successfully tested and held 3 times since August 05 2024.
** MACD Bullish Cross **
The Megaphone break-out and the 1W MA50 support aren't the only bullish indicators that point to a heavy price increase next. Perhaps the most important of all is the (L) MACD Bullish Cross on, also on the 1W time-frame, the first such formation in a whole year (since October 23 2023). This is a huge development as it comes after 7 months of non-bullish price action, indicating a shift in trend.
** Can the top be at $200k or above? **
When all those indicators were aligned in mid 2020, BTC kick started the 2nd, final and most aggressive Rally of its Cycle. It was +65% stronger than the 1st Rally. As a result, we may experience in the next 12 months a rally of +615% (65% greater than the +373% 1st Rally).
But if this seems too great without a catalyst like the ETF launch was in January, even if BTC replicates the bullish price action of November 2022 - March 2024, it will still hit the $200k mark. What history has shown at least, is that we can stay bullish, until a 1W candle closes below the 1W MA50, whether that's at 100k, 150k or 200k and above.
So what do you think about this triple bullish combo? Is it enough to initiate a 12-month rally? And if so, what is your target? Feel free to let us know in the comments section below!
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Bitcoin: MA made a cross?After a week with a strong push to the upside, BTC was traded in a sort of more relaxed mode during the previous week. A recently reached higher level at $69,2K was tested at the beginning of the week, and without a strength for higher grounds, BTC reverted to the downside. The lowest weekly level reached was $65,5K at one occasion. The majority of time, BTC spent around the $ 67K level.
The RSI is still holding above the 50 level, closing the week at the level of 57. This is indication that the market is still not ready to start its clear path toward the oversold market side. The most interesting development in the technical analysis is currently occurring with MA 50 and MA200 lines. The lines closed the week at the same level, which strongly points to potential for a clear cross in the coming period. The cross is an indicator of a potential for a trend change, which, in this case, would be positive for BTC.
The week ahead is bringing some important macro data for the US. The PCE and NFP are set for a release. Considering current market high sensitivity to inflation data, there is probability for a higher volatility during the week. As per current charts, BTC might spend some time testing the current $ 67K level. There is also a smaller probability that the price might shortly revert to the $ 65K support line. However, it should not be a surprise if the price moves again toward the $69K level to test the higher grounds.
BTCUSD Daily Inflection Point
This is a continuation of the Weekly Inflection Point.
On the daily we're getting close to a crucial area. A downward move here may indicate a large move, correction on the weekly, daily. 16k could easily be hit. There is also the potential for this momentum consolidation to have a breakout leg to 77-88k before a final correction.
Watch for a break above or below the keltner channel. If the stock market is about to tank because WW3, the debt bubble created in 2008-2020, then Bitcoin will get shocked with it while everyone scrambles for PM's.
After maybe bitcoin will be revived when people realize there isn't enough PM's out there, else some world wide digital currency emerges.
Either way I have little hope for bitcoin, unless the NWO backs it because of the transparent transactions that can be traced, blacklisted, non fungible- control. Such a currency is a fools hope and will be used against you when tyranny seeks control over you.
