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BTCUSDT.5S trade ideas

BTC IN UP MOVEMENT + TRADE PLANTrend Identification: Descending Channel: Bitcoin is currently in a descending parallel channel after an uptrend, indicating a potential bullish continuation if it breaks out of this channel. Previous Uptrend: The price came from an uptrend, and descending channels often serve as continuation patterns, suggesting a higher probability of an upward breakout. Key Support and Resistance Levels: Support Levels: $68,556.87: Major support near the recent low in the channel. $66,333.98: Secondary support zone that could act as a cushion in case of a downside move. $64,591.15: Historical support level providing a safety net if the price dips further. Resistance Levels: $72,198.87: Immediate resistance that BTC needs to overcome for a continued uptrend. $73,655.67: Key resistance area that, if broken, could trigger a strong bullish move. Indicators Analysis: RSI (Relative Strength Index): The RSI is close to the midpoint, indicating a neutral zone. However, an upward movement in RSI could signal increasing bullish momentum. Stochastic RSI: Currently near the overbought zone. It indicates potential upward pressure, but caution is needed as it may signal short-term exhaustion. Volume: Noticeable increase in volume around the support levels, indicating buying interest. Volume confirmation on breakout above the resistance line would strengthen the bullish case. Moving Averages: HMA (Hull Moving Average): Showing a slight upward trend, aligning with the potential breakout from the descending channel. Trading Plan Entry Strategy: Aggressive Entry: Enter a long position upon the breakout of the descending channel, ideally with a confirmed volume increase above $72,198.87. This would signal a possible continuation of the previous uptrend. Conservative Entry: Wait for a confirmed breakout and retest of the $72,198.87 level. If the price holds above this level after retesting, it indicates stronger bullish confirmation. Stop Loss: Place a stop loss slightly below $68,556.87 to limit downside risk. This area aligns with recent support, and a drop below it may indicate invalidation of the breakout pattern. Take Profit Levels: Primary Target: $73,655.67 (first resistance level). Partial profits can be taken here to lock in gains. Secondary Target: $76,000, if Bitcoin gains strong momentum after breaking through the primary target. This level could be achieved in a continued bullish scenario. Final Target: $80,000 as a psychological target, if there is sustained bullish momentum and no major resistance above. Risk Management: Position Size: Limit the position size to manage risk exposure, especially with the potential volatility in cryptocurrency markets. Trailing Stop: Consider using a trailing stop after reaching the first target to lock in profits while allowing for potential upside. Monitoring Indicators: Volume: Continuously monitor the volume as the price approaches resistance zones. Higher-than-average volume would support the breakout, whereas weak volume could lead to a false breakout. RSI and Stochastic: Keep an eye on these momentum indicators. If the RSI and Stochastic enter overbought territory and start to diverge, it could signal a potential reversal. Timeframe: This setup appears on a 4-hour chart, suggesting a medium-term trading perspective. Reassess positions if the breakout fails to materialize within the next few days.
Long
by elfabiiani
1
Btc btc short btc long trump harris usa Hello guys, today I gave you the general analysis of Bitcoin and a possible scenario that if Trump does not become the president of the United States, it is very likely to happen, so pay attention to the numbers in the chart, which shows a short-term downward scenario to order block and a big rise. And also the formation of a reverse shoulder serving pattern, by the way, the condition of this happening is the failure of the support of 50,000 Tether. Good luck, don't forget to like and comment...
Short
by anoroozi3084
BTCUSDT Up trend continuationBTCUSDT has shown signs of potential consolidation after a strong retest of the all-time high (ATH), evidenced by a long-tailed bar on the weekly timeframe, which suggests buyer hesitation at elevated levels. Although BTC has broken above key highs from September, August, and July on the monthly chart—generally a bullish indicator—a deeper pullback to the 66,000 support level (September high) could occur. This retest would serve to validate 66,000 as a solid support and provide a potential entry for buyers, likely reinforcing bullish sentiment for a continued upward move. Should BTC find support here, the next target would be the resistance zone around 72,700
Long
by RTED_Investing
Market overviewWHAT HAPPENED? Last week, growth continued and the ATH for bitcoin was almost reached. At the breakdown of the important $72,000 level, a large number of liquidations and volume anomalies appeared, which stopped the price and provoked a correction. We warned about it on Wednesday in our blog on TradingView. As a result, the market followed a lower priority scenario and absorbed all of last week's growth. WHAT WILL HAPPEN: OR NOT? At the moment, we've bounced off the upper limit of the volume zone of $67,500-$66,800 (the maximum volume of the sideways), but we haven't yet observed a signal for a full-fledged reversal. Resistance zones are formed above, from which we're likely to receive another wave of sells. A deeper filling of the support zone is expected this week. In the absence of a reaction, the decline will continue. According to the concept of wave analysis, we are still in an uptrend, but the volume zones above call into question the scenario with a rapid recovery, so we are postponing the opening of long positions for the time being. Buy zones: $67,500-$66,800 (maximum volume of the range), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). Sell zones: $70,000-$71,300 (volume zone), $72,000-$73,000 (zone of volume anomalies). IMPORTANT DATES The week promises to be interesting, several important events are ahead — the US presidential election and the publication of the decision on the interest rate of the US Federal Reserve. Increased volatility is possible ❗️ Macroeconomic developments this week: Tuesday, November 5, 10:00 (UTC) — US presidential election; Tuesday, November 5, 14:45 (UTC) — publication of the index of business activity in the US services sector for October; Tuesday, November 5, 15:00 (UTC) — publication of the ISM Purchasing Managers Index for the non-manufacturing sector of the USA for October; Thursday, November 7, 12:00 (UTC) — publication of the decision on the UK interest rate; Thursday, November 7, 13:30 (UTC) — publication of the number of initial applications for US unemployment benefits; Thursday, November 7, 18:00 (UTC) — publication of the US Federal Reserve interest rate decision; Thursday, November 7, 19:00 (UTC) — publication of the FOMC statement; Thursday, November 7, 19:30 (UTC) — FOMC press conference. *This post is not a financial recommendation. Make decisions based on your own experience.
by Crypto_robotics
BTCUSDT Based on the chart, here’s a concise bullish trading strategy: Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound. Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal. Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak. Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown. This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
by Sanhara
Bitcoin Bounce Setup at $69K Support Decision : Open Long Chart Analysis : The daily chart shows that Bitcoin rejected off resistance near the $73,000 level and has pulled back to test key support around $69,000, which is aligned with the ascending trendline from recent lows. The 4-hour chart reveals that the RSI(4H) is going to oversold territory at 38.90, indicating potential for a bounce. Price is finding support at the lower boundary of the ascending wedge pattern. Given the current technical structure, this pullback could provide a buying opportunity within the overall bullish trend. News Impact : No significant bearish news surrounding Bitcoin itself has been reported. General crypto-related news remains neutral to positive, with recent partnerships and developments sustaining long-term bullish sentiment. A recent Bitcoin hosting deal by Bitfarms with Stronghold also supports positive infrastructure developments but has not significantly impacted immediate price action. Market Sentiment: The Crypto Fear and Greed Index is at 75, indicating 'Greed,' though not 'Extreme Greed,' suggesting elevated bullish sentiment. TradingView user sentiment is mixed, though multiple analysis ideas suggest a potential bounce from the $69,000 area, which is also identified as key support by several analysts in their ideas, further supporting the case for a potential rebound in the short term. Conclusion: Given that support around the $69,000 mark holds, and the oversold RSI(4H) provides a potential bounce point in line with the macro bullish trend, initiating a long position here is reasonable. If price breaks below the current ascending trendline, further downside to $66,600 is possible, but with the current support holding, a fresh long position with a stop below $68,500 allows for a calculated entry. Confidence Score: 0.77 Note: This analysis was written by ChatGPT.
Long
by AI_Trader_Mina