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BTCUSDT.5S trade ideas

BTCUSDT ProjectionBTCUSDT is likely forming a clear inverted head and shoulders on the smaller timeframe. As this chart pattern develops, the price could break above the neckline. However, there are two key level zones (a fibonacci cluster from the mid-timeframe) around 88K. IF 88K breaks upwards it could lead to a new ATH, potentially around 95K. But, IF the price faces rejection, strong demand awaits around 84K, where a retest of multiple EMAs would provide good support for an upward move. For everyone, trade carefully and wait until this movement is complete, especially with the Fed chairman scheduled to speak on the 15th, which will likely impact BTCUSDT. TRADE AT YOUR OWN RISK.
by yuriakashi
2
bitcoin dip to be eaten back to 90kJust recently hopped into a long. This is time sensitive if anyone wants to follow. See targets on chart. In a bit of drawdown already though which is not ideal. Quite possible that I may have to reposition. But I think its a matter of when ...and not if. And that when is soon. Technically we did broke bearish on the hr but at a low point so market will likely correct back anyway where bears will need to defend or get overwhelm by the bulls...I think they'll get overwhelm.
Long
by Filnft
1
Is $btc Bitcoin's Channel about to do the Most or the Least? Bitcoin is in a Very huge falling channel! Current Price: 65600 CRYPTOCAP:BTC Price action has rejected upper trend line Resistance 6 times - steadily creating lower highs. Currently, Price action is at this Major resistance. Will it reject again? It remains to be seen! A break above this major resistance will lead to ALL time highs and a continuation of the bull run. CRYPTOCAP:BTC Up Resistances: 70.4k, 74.8k, 80.2k Note: #BTC remains bullish if price action stays above the 200EMA (red Moving Average) Another rejection of this upper channel resistance will lead to down supports up to 50.5k. What will it be?
by Ifiok-2sydes
Retrace for Bitcoin before going up moreAfter Bitcoin recently achieved a new all-time high, we are now entering a period where the market often takes a step back to consolidate. Following such monumental price increases, it’s typical for Bitcoin to experience a temporary pullback or cooling-off phase, which is a natural and necessary part of its growth cycle. This phase allows the price to stabilize, setting up a more sustainable foundation for future increases. As we head into the weekend, it’s worth noting that weekend trading often brings more volatility due to lower trading volumes. With fewer institutional players active, the market can see sharper fluctuations, which makes it more likely for Bitcoin to experience a temporary decline. This dip provides an opportunity for consolidation, allowing new levels of support to form as some traders take profits and others prepare for the next upward movement. Historically, Bitcoin has demonstrated a pattern of retracing after hitting record highs. These pullbacks don’t signal weakness but rather reflect healthy market behavior as investors recalibrate and the market digests the recent gains. During these brief retracements, the market can gather fresh momentum for future growth. In the broader perspective, Bitcoin’s fundamentals remain strong. Demand from both institutional and retail investors, concerns about inflation, and Bitcoin’s limited supply all support its long-term bullish outlook. A temporary dip simply allows more investors to enter at a more attractive price point, adding strength to the next wave of buying. In summary, a brief pullback after an all-time high is a common occurrence in the market. As we move into the weekend, a minor retrace could set the stage for Bitcoin’s next leg up by building a stronger base. For those with a long-term perspective, this dip may present an ideal opportunity to accumulate more, while traders could find opportunities in short-term volatility. A short-term pause doesn’t change the larger picture; it simply prepares the market for the next chapter in Bitcoin’s journey upward.
Short
by Gollem_
1
BTC to 96,000$ ?Long-Term: Based on recent market dynamics, Bitcoin (BTC) has achieved a significant milestone, reaching the anticipated target of $81,000. Looking forward, I anticipate a potential short-term retracement, where BTC could consolidate around $71,000. This dip may allow BTC to gather momentum before potentially advancing toward the next target of $96,000. This outlook represents a swing trade perspective. Disclaimer, This is not financial advice; it is shared purely for educational insights. Trading involves substantial risk, and there's a possibility of incurring significant losses.
Long
by Bilind-GeniusScalper
2
now sell to the lowTechnical Analysis: Look at key support and resistance levels on price charts. Identify any trends or patterns that may indicate a reversal or a continuation of price movement. Set Alerts: Use trading platforms to set price alerts for specific levels where you would consider selling. Monitor Market Sentiment: Stay updated on market news and events that could influence BTC prices. Plan Your Exit: Define your target selling price and stop-loss levels to manage your risks effectively. Practice Risk Management: Ensure you're not overexposing yourself to market volatility. If you're considering selling BTC, make sure to do your own research or consult with a financial advisor for tailored advice.
Short
by farzadzeraatkar
1
BITCOIN IS EXPLOADING BIG TIME. TECHNICAL ANALYSIS + TRADE PLANPrice Action & Trend: Bitcoin's current price is around $80,853. The trend is notably bullish, as the price has been in an upward movement with higher highs and higher lows over the past month. The recent price surge indicates strong bullish momentum, potentially aiming for higher resistance levels. Indicators: Market Cipher B: This indicator shows divergences and momentum shifts, often used for trend reversals. Current green dots indicate bullish momentum, and the increasing wave strength suggests strong upward pressure. RSI (Relative Strength Index): RSI is around 74.81, which is within the overbought zone (above 70). This could mean a potential correction or consolidation period might be approaching, as prices may have risen too quickly. Stochastic RSI: The Stochastic RSI shows a value around 89.86, which is also in the overbought zone. This indicator further supports the potential for a short-term pullback or consolidation. HMA Histogram (Hull Moving Average): The histogram shows bullish momentum, but there are hints of divergence, which could indicate a slowdown in bullish strength. Support and Resistance Levels: Support: The nearest strong support is around $72,000. A more significant level sits at approximately $63,000. Resistance: With Bitcoin at $80,853, the next major resistance is likely near $85,000 and then potentially $92,000. Volume: Although volume data isn’t available in this chart, the current price movement suggests significant buying pressure, likely driven by strong sentiment and high interest. Trading Plan Long Position (Buy): Entry: A conservative entry would be to wait for a pullback around the $78,000-$80,000 range, which could act as a minor support in the current bullish setup. Stop Loss: Place a stop-loss just below $72,000, as a break below this level could indicate a shift in trend. Take Profit: Set a target near $85,000 initially. If bullish momentum continues, the next target would be $92,000. Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 2:1 for this trade to manage risk effectively. Short Position (Sell): Given the overbought conditions on both the RSI and Stochastic RSI, a short-term short position could be considered. Entry: Consider shorting near $85,000 if the price reaches this level quickly without consolidation. Stop Loss: Place a stop-loss above $87,000 to protect against a continued breakout. Take Profit: Target a pullback to the $78,000 region or further down to $72,000 if bearish signals strengthen. Risk Management: Limit exposure to a small percentage of the portfolio per trade (e.g., 1-2%) to manage volatility. Monitor key indicators (RSI, Stochastic, Market Cipher B) for any signs of trend exhaustion or divergence that could signal a reversal. Market Sentiment & News Monitoring: Keep an eye on market news that could impact Bitcoin’s price, such as regulatory announcements or macroeconomic factors. Bitcoin’s price can be highly sensitive to sentiment-driven events, so being adaptable to changing market conditions is essential.
by elfabiiani
2
Market overviewWHAT HAPPENED? Last week was a landmark for the entire crypto community. Against the background of the announcement of the preliminary results of the US presidential election and the leadership of Donald Trump, bitcoin resumed its upward movement. It almost completely ignored all resistance zones and updated its ATH, adding more than 20%. During the growth, an area with abnormal volume activity was formed, which cast doubt on further growth. But after a full-fledged positioning, it’s safe to say that this isn’t the end of the upward rally. WHAT WILL HAPPEN: OR NOT? There are practically no hints of a reversal or major fixations right now, so joining short positions is undesirable. The best outcome for us is a correction to a large support zone below, from which it’s possible to join the longs. There are no sell zones above, because the market sees these marks for the first time. Pay attention to the round numbers $90,000, $100,000 — they’re the most likely to go into correction. Also, track the formation of extremely high volumes, they can provoke a stop and a price reversal. Buy zones: $77,000-$74,000 (major volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). I MPORTANT DATES Macroeconomic events this week: • Tuesday, November 12, 7:00 (UTC) — publication of the German consumer price index for October; • Wednesday, November 13, 13:30 (UTC) — publication of the US consumer price indices for October and 2024; • Thursday, November 14, 13:30 (UTC) — publication of the number of initial applications for unemployment benefits and the US Producer Price Index (PPI) for October; • Thursday, November 14, 20:00 (UTC) — speech by Fed Chairman Jerome Powell; • Thursday, November 14, 23:50 (UTC) — publication of Japan's GDP for the third quarter of 2024; • Friday, November 15, 07:00 (UTC) — publication of UK GDP for October, for the third quarter and for the whole of 2024; • Friday, November 15, 13:30 (UTC) — publication of the basic index and the volume of US retail sales for October. *This post is not a financial recommendation. Make decisions based on your own experience.
by Crypto_robotics
1
Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5