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BTCUSDT.P trade ideas

Lingrid | BITCOIN forming Trend Continuation PATTERNBINANCE:BTCUSDT is forming a triangle pattern after breaking through the downward channel on the daily chart. This pattern typically indicates a continuation of the current trend. It’s important to note that this pattern is developing just below the psychological level of 70,000, suggesting that the market may be preparing for a breakout. The previous weekly candle is a long-tailed bar, which also indicates a potential upward movement. This week, pay attention to the monthly candle closure, as it will give a hint into future price action; a close above the September high could be particularly significant. I expect a pullback and a potential fake breakout of the triangle pattern, followed by a retest of the ATH level. My goal is resistance zone around 72,000. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
Bitcoin (BTC): Price at ATH! / Possible Liquidity Hunting + DropBitcoin has nicely reached the all-time high zones, which was our target from yesterday’s plan. Now that we’re in this zone, we’re looking for potential liquidity sweeps to occur, as well as any signs of weakness. If we see these indications, our expectation is for the price to retrace, filling the CME gap and normalizing the RSI, which is currently in overbought territory. As anticipated, a "buy the rumor, sell the news" effect appears to be what is driving this most recent price increase. Swallow Team
Short
by SwallowPremium
3
BTC Making Double TOP pattern its time to sellIn April of 2021, Bitcoin reached a significant peak. In November, 210 days later, a technical double-top and a slightly higher high were reached. Volume rose before the first high towards April 2021. A decline in volume preceded the second high towards November 2021. In 2024, increasing volume anticipated the first high that reached March. Volume declined before to the second high in October 2024. ➣ A significant fall occurred after the higher high/double-top in November 2021 (the declining volume was a powerful telling indication). ➢ Only whales are now trading (no retail) in the October 2024 lower/higher high/double-top, which has extremely low volume and extremely limited market involvement. Will there be a significant drop following 2024's second high. I prefer sell now and SL with be 76000 and profit target should be 62000.
Short
by limitissky77
November, Scenarios In the October issue of Scenarios , we introduced two bullish scenarios — “Triangle” and “Diagonal” — which differed in the depth of their corrective moves. Ultimately, the first scenario prevailed. Today, we see a similar setup: two bullish scenarios once again, each varying in terms of potential correction depth. To the right, the October “Triangle” suggests that either the initial growth impulse has concluded, or — in a highly favorable case — an upward extension is developing. To the left is the scenario of a completed Diagonal, though a different type than in October, originating from the 52,550 mark. This scenario anticipates a deeper correction, potentially below 59K, before growth resumes. Currently, several market factors could favor a corrective scenario. The BTC Fear and Greed Index has dipped slightly to 75 points; however, this is still a high level, signaling the need for correction. Additionally, sell-offs have commenced in the U.S. market, as anticipated in our “November Surprise” idea . Iran has vowed to strike Israel before the U.S. elections. Meanwhile, despite high approval ratings, Trump might face barriers to re-election, which could trigger an immediate price pullback.
Short
by Nickonomics
1
BTC Swing LongPotential for a Strong Bullish Move 📈 BINANCE:BTCUSDT Based on current price action, I believe we may be heading into a significant bullish leg. Here’s why: Bullish Arguments: Previous Month Low (PML) is being disregarded. Previous Month High (PMH) is being disregarded. Previous Week Low (PWL) is being disregarded. Previous Day Low (PDL) is being disregarded. 4H swing high is being ignored. 4H swing low is being disregarded. The only bearish point to note: Previous Week High (PWH) is still respected. Trade Management: Once we hit the first Equal High (EQH) around 68K, I’ll move my Stop Loss to Break Even (BE) and manage the trade towards the final target.
Long
by Jaytradermb
2
BTC ANALYSIS REVIEW"As anticipated, BTC offered a solid buying opportunity after breaking through the order block. I entered the trade following a confirmed break on the 15-minute timeframe, with a retest and rejection on the 5-minute timeframe. My stop-loss is positioned below the swing low, with the target profit near the next upper order block. I've already secured 40% profit at a 1:2 risk-to-reward ratio, and I plan to fully exit at 1:5. Follow for more trade insights and setups!"
Long
by munmeeth
BTC MAJOR CYCLE TOP ALMOST IN?! After Bitcoin (BTC) finally broke key resistance after 228 days, there is an opportunity to achieve a new all-time high (ATH), which I estimate could reach between $86,000 and $91,000. The current structure of BTC indicates that we are in an ending diagonal, suggesting that we are approaching the end of the current bullish trend, which has lasted for 708 days and is expected to continue for another 70-90 days. Fibonacci Targets fpr major top! Assuming we are indeed in the final wave, Fibonacci targets between -0.236 and -0.382 (based on waves 2 to 3) may come into play, unless this wave becomes extended. Given the current structure, these levels appear achievable within the ongoing cycle. Expected Correction and reversal trend After reaching these targets, I anticipate a significant decline, with a final target between $30,000 and $40,000. My main target is the golden pocket(0.618 fib), but BTC often extends to the .786 fib level ($30,000), further supporting the possibility of larger corrections. Reasons for Trend End Ending Diagonal: BTC is currently in an ending diagonal formation, which typically signifies the end of the prevailing trend. Divergence: There is a substantial bearish divergence forming on both the daily and weekly timeframes, which is almost impossible to invalidate. This divergence serves as a critical indicator of weakening momentum in the current bullish trend. Conclusion In light of current developments, BTC appears to be nearing a key peak, and the outlook for growth remains positive. However, traders should remain cautious and monitor key resistance and support levels, considering potential corrections that may follow after reaching these important Fibonacci targets. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Short
by RhinoAkaBear
1
Bitcoin and altcoin overview (November 01-02)Yesterday, Bitcoin reached the lower boundary of the volume zone at $71,000 but showed no reaction and consolidated below this level. Currently, we are in a local downtrend and have already approached the nearest buyer zone at $70,000-$68,900 (push volumes). For now, the scenario of a quick update to the all-time high is on hold. At this moment, there is no strong reaction from buyers, so even if a bounce occurs, we expect a resumption of the downtrend from new selling zones. Selling zones: $71,000 (lower boundary of the large volume zone, mirror zone), $72,000-$73,000 (area of volume anomalies). Buying zones: $67,500-$66,800 (maximum volume of the sideways movement), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). Interesting altcoins: For BICO , we’re considering two short-position scenarios: (1) consolidation below the volume zone of $0.225-$0.217, with a short on the retest, and (2) a false breakout of the local high at $0.2357.
by Crypto_robotics
Bitcoin Channel Breakout!BTCUSDT has finally broken and closed above the downward channel that has been forming since May. This move, when viewed in the bigger picture, resembles a bullish flag pattern, typically a trend continuation signal. We've seen a similar pattern recently in the gold market. After such breakouts, it's common for the market to lose some momentum and produce a pullback to retest the channel border and upward trendline. Additionally, the price action is forming an AB=CD pattern, with the completion point expected around 72,000. This setup offers a strong opportunity for continued bullish movement. The target is the resistance zone around 72,500
Long
by RTED_Investing
24. 11.01 Whale IndexHello, we're Whale Signal Here's an update and share of today's Bitcoin 1-Hour Whale Indicator Currently, Bitcoin is located in a very important section This is because it is the point where the purple whale index was formed and overlapped with the previous sale It is now likely to be re-formed into an important support, as it has broken through a position that has been constantly resisted If the buying in this section forms support, it is seen as a position to expect further upside In the short term, it is considered a period where the downward trend can stop, and we look forward to defending this period well and seeing a rebound However, if the section deviates, we recommend that you respond with the possibility of further decline in mind *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy 4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
by Whale_signal
1
$BTC UPDATE: breakthrough confirmation, finally!CRYPTOCAP:BTC has finally broken out of its descending wedge channel! I’ve seen people claim otherwise, but they’re wrong! Both the daily and hourly charts confirm the breakout, and CRYPTOCAP:BTC is now sitting above the descending trendline, using it as support. What’s next? The most likely scenario is a correction to around $65.5k before a push to $71k. A new rising wedge pattern has formed, and we’re currently at the top, which is acting as resistance. The MACD is also hitting a top resistance level, and the RSI is at 63, signaling it's overbought and needs to reset. There’s also an RSI bearish divergence on the daily timeframe that needs to play out. All these factors point to a small pullback, reintegration into the rising channel at $65.5k, followed by a breakout and consolidation around $70k. However, another scenario could unfold. With Trump almost certain to win the election, investors may already be positioning for a pump. This could cause an anomaly, pushing CRYPTOCAP:BTC directly to $71k without consolidation, driven by FOMO. In this case, we’d see a pump to $71k and then consolidation between FWB:65K and $71k until the MACD and RSI reset lower. Let’s see how it plays out—Sunday afternoon should set the tone for the week ahead.
by CryptoNikkoid
10