Trade #39 Longbought the dip at 63.5
Powell re-affirming the US economy is OK at the NABE annual meeting on economic outlook — 9/30/2024
BTCUSDT.5S trade ideas
Bitcoin at ~$25,000?Would you buy Bitcoin at ~$25,000? But first, let's open a short trade for after the elections.
Short term trend continuationI think BTC will have a short squeeze following the last 3day downtrend, TP:72.000
BTC LONG 1 HR TP:73000 01-11-2024After observing a manipulation, we are currently witnessing a brief consolidation phase that could potentially lead to a rise towards the 72,000 - 73,000 range. Following this movement, we may either see a strong breakout or further consolidation before a subsequent decline. We will update our analysis based on the first movement. It's important to note that this analysis is on a 1-hour timeframe, so if the price does not rise within the next 20 to 30 hours, this scenario will be considered invalid. Stay tuned for updates and manage your positions wisely! #Trading #Bitcoin
Calm before the storm. Waiting for the rockets to launchI've covered many topics in this video
The difference between myself and others is that I speak from real world experience whilst others keep trying the 'sell the dream'
bullsh*t baffles brains, and that's not what I'm about
So if you are a student of the markets I hope you are taking notes of these golden nuggests
BTCUSDT LONGJust grabbed a position on Bitcoin for a long run, momentum is low but volatility will eventually increase further as we approach a new week. Fingers crossed
BTC Bitcoin printing 4hr trigger green dot longBTC Bitcoin printing 4hr trigger green dot long. This will confirm in about 3 hours. If it does, there's a 70% chance we'll make a new high and test 70k in the next few days.
Bitcoin's Bullish Pathway to New Highs
Technical Analysis:
Bitcoin (BTC/USDT) continues to maintain a bullish structure as it stays above the Bullish Ribbon. This indicator shows a strong upward momentum, with the price maintaining higher lows and bouncing off key support levels. The recent breakout above 65,000 has further solidified this bullish stance, making it an essential support level that the price needs to hold to maintain upward momentum.
Key Levels and Potential Targets:
The next major resistance lies at the 73,000 level, which, if broken, could pave the way for a more substantial rally towards Fibonacci extension targets at 84,000 and 106,000. These levels align with historical price action and projected extensions, which could serve as major areas of profit-taking for bulls.
TSI Indicator and Momentum:
The True Strength Indicator (TSI) is above the zero level, reinforcing the bullish outlook. Higher lows on the TSI confirm sustained buying pressure, adding confidence to the current upward trajectory. As long as TSI remains above zero, the bullish momentum is likely to continue, supporting potential moves toward the next resistance levels.
Outlook:
Bitcoin is showing clear bullish signals across multiple indicators, and the trend remains positive as long as the price holds above 65,000. With the Bullish Ribbon and TSI both signaling strength, the path to 73,000 and potentially higher levels remains open, as long as bulls defend key support zones.
👨🏻💻💭 Are you ready to ride the Bitcoin wave? Share your thoughts below and give this analysis a boost if you’re as bullish as we are! 🚀
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Bullish for US Elections Hello guys im looking for still bullish for bitcoin bcz of the bull flag pattern and the us elections ahead everytime you see after us elections bitcoin go parabolic so thats my opinion for this time.
$BTC - Possible 3-tap-setup CME gap at 66.8k has been filled and we swept below imbalances (poor low/singleprint)
If we can hold 67.4k (pwLow ), then will consider it as a valid swing point retest for a three-tap setup
67.4k - swing point
66.8k - deviation
67.4k - swing point retest
Looking for 70.3k (FriOpen) as initial target, next is around 71.8k (FriHigh/singleprint)
Invalidation is a break of local low 66.8k
BTC will challenge ATH again if it crosses this line (1H)Hello, fellow traders!
In my previous analysis on BTC,
I've mentioned that if the price showed reversal of trend at the weekly downtrend's resistance line, there's a good chance it might be signaling a bull run.
In the first box 1️⃣, we see the reversal near the resistance line. Although the price did not physically touch the line (which would have been the best scenario), the lower wick of the bearish candle was near it.
And now the price remains above the 68 - 69k zone which is also ideal. So does this mean we can enter LONG now and shoot for ATH? I would say no.
If I could answer yes to that question, I would've just entered when the reversal happened at box 1. Reason I didn't is because the key levels aren't always respected. We need enough evidence to feel confident about our trades.
Let's look at the second box 2️⃣. The red line is drawn based on the highs of the pullback. If we see a breakout of this line, that might be a good entry point for LONG. Until then, however, we cannot be certain how the market will turn out.
The election is now around the corner and we should keep in mind that BTC could move in either direction depending on the outcome.
Don't worry though, if the market moves in opposite direction, there will be new opportunities waiting.
Stay tuned!
BTC Thesis Today - Read Signal CriteriaIn the current market environment, Bitcoin (BTC) presents a mixed bag of opportunities and challenges for scalping. This analysis focuses on optimizing short-term trades over the next 4 hours, leveraging both technical indicators and market sentiment to make informed decisions.
Data Analysis
Open Interest: Shows a moderate increase, indicating heightened trader activity.
Weighted Funding Rate: Slightly positive, suggesting a bullish sentiment among futures traders.
Liquidation Data: Reveals a balance between long and short positions, indicating no extreme bias in the market.
CoinMarketCap Data
Trading Volume: Substantial over the past 24 hours.
Liquidity Score: Indicates strong market depth.
Circulating Supply: Remains stable.
Market Cap: Shows resilience despite recent volatility.
Candlestick Patterns: Suggest potential bullish reversals, but caution is advised due to mixed signals.
Sentiment
Market sentiment analysis from Augmento.ai indicates a neutral to slightly bullish sentiment, with "HODL" and "Bullish" being the top sentiments. This aligns with technical indicators suggesting potential upward momentum.
Recent news and social media sentiment are mixed:
Optimism: Around institutional interest in BTC.
Concerns: About regulatory developments.
This could lead to short-term volatility, which scalpers can exploit.
Binance Data
Volatility Index: Moderately high, suggesting potential price swings.
Order Book Analysis: Significant buy walls at lower levels (support) and sell walls at higher levels (resistance).
Momentum Indicators: Mixed signals; some show bullish potential while others suggest caution.
Technical Analysis
1-Minute Timeframe
RSI: Above 60 (Bullish).
MACD: Showing a bullish crossover.
ATR: Rising, indicating increasing volatility.
5-Minute Timeframe
RSI: Around 57 (Neutral to slightly bullish).
MACD: Below the signal line.
Price Action: Suggests potential upward movement.
15-Minute Timeframe
RSI: At 52 (Mixed signals).
Bollinger Bands: Price breaking above the upper band, indicating potential bullish momentum.
1-Hour Timeframe
RSI: Below 50 (Bearish signals).
MACD: Below the signal line.
Recommendation: Caution is advised.
4-Hour Timeframe
RSI: Around 45 (Neutral).
Price Position: Below key moving averages, suggesting potential resistance.
Trade Recommendation
Given the current market conditions and technical indicators, the recommendation is to consider short-term long positions, capitalizing on the bullish signals in the 1-minute and 15-minute timeframes. However, be prepared to adjust positions quickly if bearish signals strengthen in longer timeframes.
Outcome: OPEN_LONG
Confidence Level: 68% - Moderate-High RISK now !!
Current Price: $69,630.02
Stop Loss: $68,500
Take Profit: $70,500
Exit Point: $70,000
Entry Signal Criteria
Timeframes: 1-minute and 15-minute
RSI: Above 60
MACD: Bullish crossover
ATR: Rising, indicating increasing volatility
Bollinger Bands: Price breaking above the upper band
Stochastic Oscillator: Entering overbought region
Current Positions
Open LONG Positions: 1
Open SHORT Positions: 0
Additional Analysis
Volatility Analysis
The ATR suggests increased volatility, which can be advantageous for scalping. Avoid entering trades during sudden spikes to minimize risk.
Order Book Dynamics
Monitor buy and sell walls for potential price reversals:
Buy Walls: Significant at lower levels, providing support.
Sell Walls: Indicate resistance at higher levels.
Price Action Signals
Look for bullish candlestick patterns, such as engulfing or hammer formations, to confirm entry points.
Real-Time News Impact
Stay updated on:
Regulatory News: Any developments that could impact BTC's price.
Institutional Activity: News about institutional investments in BTC.
Momentum Indicators
Use the Stochastic Oscillator to gauge the strength of the current trend and adjust positions accordingly.
Market Sentiment
Leverage sentiment analysis to anticipate potential market shifts and adjust strategies in real-time.
Conclusion
The current BTC market presents opportunities for scalping, especially in shorter timeframes with bullish indicators. Traders should remain vigilant, monitoring both technical indicators and market sentiment to make timely decisions.
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Btc short. Round 2In my view, we have a very weak Bitcoin. It’s consistently dipping below the support line. Plus, with the global situation, elections, and other factors in the background.
Dyor
$BTC - Trapped bears - 78K incomingBears are calling for capitulation , your favorite CT influencer sold his bags and wait for the disaster...bears are going to get caught with their pants down.
See my chart, from here we bounce and we target 78K .
We could have a deviation below the line , trap more bears and continue up.
NFA
Bitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarketBitcoin to 100k then bearmarket
Bitcoin is going to 63k???!!!Hey guys!
I know it's weekends, but some of the markets are working today and I decide to talk about current BTC position.
So, we're making this cool off, which is also almost full A correctional wave and in 2 days we have US elections, which can be really affective.
Plus the volumes have convergence with the movement RSI is still uncertain, and MA cross on 4H is bearish.
For me, we could easily fulfill the C wave and after we can find the next enter point.
Your thoughts? How elections will influence?
What's happend to bitcoinHello, dear traders, due to the fact that the existing support level did not work. Currently, my analysis is that Bitcoin will do at all up to the specified levels, and at those levels, we should wait to see what happens. What scares me is that Candle The weekly closed negative and Warren Buffett is doing mischief in the market...
BTC UPDATE AND ANALYSISBTC is still in bullish trend but due to US elections market is being manipulated. Currently I have marked area where we can see pump after grabbing liquidity and MSS. Big pump after grabbing this liquidity.
Bitcoin scenario 04.11.2024Bitcoin, similar to the Nasdaq, is at an all-time high, as last time we managed to capture the price level of 49,000 up to the current level. I believe that before we start trading above the all-time high we will reach the price level I mentioned, yes there could be an option for us to take liquidity from the high and only then go down.
But I don't expect to trade long above the all-time high - my scenario is to first hit my bottom area and then run up
Examining Support at $68,500 and Resistance at $70,600🔹 Market Overview:
Bitcoin has managed to hold the significant support level at $68,500 after a recent struggle, closing the daily candle above this level. This stabilization creates an opportunity for the price to move towards the $70,600 resistance.
🚩 Key Levels:
Fair Value Gap (FVG) at $70,600: This area, aligned with the 50% Fibonacci retracement of the previous wave, serves as a strong resistance for Bitcoin. Upon reaching this level, there’s a high chance of a bearish reaction and price rejection.
Order Block at $71,200: Another resistance at $71,200, overlapping with the 61.8% Fibonacci level, acts as an additional resistance zone that could potentially trigger a trend reversal.
📉 Potential Trend Reversal:
If the price encounters these areas (FVG or OB), there’s a high probability of a weekly correction initiating from these points.
📈 Inverse Head and Shoulders Pattern:
An inverse head and shoulders pattern is currently forming. If the neckline is broken, it could open a short-term buying opportunity.
🔔 Conclusion:
Breaking through these key resistance levels may indicate further bullish movement; otherwise, a pullback to support and a corrective phase might follow.
