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BTCUSDT.P trade ideas

18/11/24 Weekly outlookLast weeks high: $93,269.62 Last weeks low: $86,738.62 Midpoint: $80,207.62 The "Trump pump" continued last week as BTC hit a massive $93k, another new ATH. Later in the week some of that progress did retrace mainly due to news events such as CPR & PPI data as well as profit taking/ de-risking. This week should be an interesting one as we see an early surge after weekly close putting BTC back at $92,000. As president-elect Trump announces his picks for roles in his new administration, the rumour is that Howard Lutnick may become Treasury secretary after backing from Elon Musk and RFK Jr, Lutnick would be a very pro crypto choice which has great potential for the space, with a new SEC chairman after the firing of Gary Gensler and the potential Bitcoin strategic reserve. Things are looking bullish bullish bullish! With BTC.D now at 60%, this would indicate although BTC hit new ATH altcoins are outpacing the market leader in growth. Memes are taking centre stage this Bullrun even though historically that stage of the cycle tends to be towards the end. Every other metric suggests this Bullrun is far from over so it's definitely something to take into consideration. This week I would like to see some breakout continuation patterns on fundamentally strong altcoins, as well as bitcoin, I do believe it is dips are for buying season going into the end of the year. A dip could be triggered by a loss of the diagonal support & 0.75 line shown on the chart which would provide a better entry/DCA opportunity after a leverage flush.
by ProR35
3
Bitcoin Analysis | Pullback before 100k?Hi Traders! Bitcoin reaching the mythical $100,000 figure seemed a lofty target as recently as a few months ago, as the asset spent months in a narrow range under $65,000. But the promise of swiftly changing U.S. regulations has revived the dream. That said, the route to 100k may need some pullback before reaching the Target, and this could be considered the last opportunity for the bulls to ride this wave. If we look at the daily chart, the trend remains bullish but BTC is approaching a major resistance area that could trigger a corrective structure on a lower time frame. It will be necessary to update this analysis when we have clear levels to follow. Thanks for your support!
Long
by TheAnonymousBanker
4
BITCOIN-->Implementation and distribution phase. Target 100,000BINANCE:BTCUSDT is consolidating after a strong rally. In the context of a more likely rally. The target around 95,000 - 100,000 is getting closer and more realistic. What is the reason? The fundamental backdrop is strong because of the Trump presidential election, which is generally favorable for bitcoin and other crypto flows. Can this rally be even bigger? Yes! And there are bullish premises for it: BTCUSDT has broken out of the accumulation (triangle) but faces a strong resistance zone. The coin continues to accumulate potential, but there are signs of a resistance breakout. Technically, the picture on the chart is shaping up to be extremely bullish: no extension of the lows, strong consolidation and strong support levels. I do not rule out the possibility of a retest of the support level and the formation of a false breakdown before further growth. But in any case, a break above the major resistance zone at 91,650 could trigger a bullish run.
Long
by JerrytradingCR
2
BTCUSDT.1Danalyzing the BTC/USDT daily chart, Bitcoin is currently trading at 90,635.71, showing a strong bullish trend. The price has broken above key resistance levels recently and is now in uncharted territory near the upper levels of a rising channel. The bullish momentum has been fueled by successive breakouts of consolidation patterns, including the breakout from the descending wedge around mid-November. I’ve identified key support and resistance levels to watch. The immediate resistance is at 93,265.64, which aligns with the high of this current upward move. On the downside, the immediate support is S1 (85,000), followed by S2 (71,880.41) and S3 (65,382.48). A deeper correction could see the price test S4 (57,000) or even S5 (49,000), but such a move would only occur under significant bearish conditions. The MACD (12, 26) indicator at the bottom of the chart reflects strong bullish momentum, with the MACD line far above the signal line. Additionally, the histogram bars are wide and positive, which confirms the strength of the ongoing rally. However, such extended momentum may also indicate overbought conditions, suggesting a potential short-term pullback or consolidation to stabilize the price. The rising channel drawn on the chart indicates the price is respecting the trendline support. A break below S1 or this trendline would be the first signal of a possible correction. Conversely, a breakout above the current resistance could propel Bitcoin toward new highs beyond the 100,000 psychological level. In conclusion, I remain bullish on BTC/USDT in the short term, but I am cautious about a potential pullback or consolidation phase as the price approaches key resistance levels. A sustained breakout above 93,265.64 would confirm further upside, while a breakdown below 85,000 would suggest a need for caution, with possible support levels at S2 and S3 acting as areas for re-entry.
by MarsSignals
1
BTCUSDT.1Danalyzing the BTC/USDT daily chart, Bitcoin is currently trading at 97,511.98, showing signs of consolidation after a strong upward rally that tested a critical resistance level at R1 (99,588.01). This level represents a long-term resistance zone, and the price's reaction here is crucial in determining the next major move. The price action reflects an ascending triangle pattern, with higher lows indicating sustained bullish momentum. Support is visible at S1 (approximately 85,000) and deeper at S2 (around 75,000). These levels align with a rising trendline, suggesting that as long as these supports hold, the overall bullish structure remains intact. The RSI is likely in or near overbought territory based on recent price momentum, suggesting a potential short-term pullback or consolidation. However, the MACD remains bullish, with the MACD line above the signal line and a positive histogram. This indicates that the overall trend still favors the bulls, but momentum may be slowing as Bitcoin approaches significant resistance. If Bitcoin manages to break and sustain above R1, the next psychological and technical targets could extend toward 110,000 or higher. Conversely, a rejection at R1 may lead to a pullback, potentially testing S1 or S2 as areas of consolidation and accumulation before another attempt to break higher. In conclusion, my outlook for BTC/USDT is cautiously bullish. The critical focus remains on whether the price can break above R1. A successful breakout would confirm further bullish momentum, while a rejection may lead to a retracement toward key support levels. I will monitor the price's behavior closely around these levels to determine the next actionable move.
Long
by MarsSignals
1
The 100k Club - 3 day Sell off WARNING Who Are the 100K Club? Let’s take a quick look at the four addresses that define this group: Binance Cold Wallet #1 248,598 BTC ($24.6B) Holding since: October 2018 Recent Activity: Minimal movement Bitfinex Cold Wallet 156,010 BTC ($15.4B) Recent Activity: -12,000 BTC over the past 7 days, -24,000 BTC in the last 30 days. Robinhood Cold Wallet 136,775 BTC ($13.5B) Recent Activity: +500 BTC in the past 30 days. Binance Cold Wallet #2 199,914 BTC ($19.8B) Recent Activity: -39,914 BTC over the past 7 days, -31,575 BTC in the last 30 days. These wallets have historically acted as whale barometers—signals for accumulation and distribution phases in the market. The Recent Sell-Off: A Warning Sign Over the past 3 days, the 100K Club has withdrawn 50,000 BTC from cold wallets, distributing them across various exchanges. This movement represents a clear signal of whale distribution, as BTC moved from secure long-term storage to active trading environments. Key insights from the recent sell-off: Binance Cold Wallet #2 recorded a significant outflow of 39,914 BTC in just 7 days. Bitfinex Cold Wallet saw a decrease of 12,000 BTC, indicating similar sell-off behavior. Robinhood Wallet remains mostly stable, with a minor accumulation of 500 BTC. The cumulative movement suggests that whales are likely preparing to offload BTC on exchanges—a pattern that historically leads to increased selling pressure and short-term bearish trends. Market Implications 1. Potential Price Reversal to $85K-$90K Zones Historically, whale activity aligns closely with key accumulation and distribution zones. Recent sell-offs could push Bitcoin back to its previous buyback levels around $85,000–$90,000, where whales historically re-entered the market. 2. Increased Market Volatility A 50K BTC distribution over just three days introduces significant supply pressure, likely increasing market volatility as traders and institutions react. 3. What to Watch Exchange Inflows: If these large BTC outflows from cold wallets flood exchanges, expect heightened selling pressure. Volume and Key Levels: A drop to support zones around $85K–$90K could indicate a new buying opportunity, as whales historically use these levels for re-accumulation. Actionable Insights for Traders 1. Monitor Exchange Activity Track BTC inflows into major exchanges like Binance and Bitfinex. Spikes in inflows typically correlate with selling pressure and potential price dips. 2. Identify Key Support Zones Use technical analysis to identify critical support levels, such as $85K-$90K. These levels have served as accumulation zones for whales in the past. 3. Watch for Whale Re-Entries Once sell-offs subside, whale re-accumulation at key levels could signal the next bullish reversal. Keep an eye on increases in BTC_SPLYADRBAL100K, which indicate accumulation back into cold wallets. Conclusion The Bitcoin 100K Club sell-off is a clear signal that whales are repositioning their holdings, introducing near-term bearish pressure on the market. However, these sell-offs often lead to new opportunities as prices test historical accumulation zones. For traders, this is a time to stay vigilant, track key metrics like exchange inflows and cold wallet balances, and prepare to capitalize on the next buying opportunity. With whales potentially looking to re-accumulate around $85K-$90K, this could be your chance to align with the market's biggest players. Stay sharp, and as always, trade cautiously! 🚀
by Data_Driven_Trading
6
Market overviewWHAT HAPPENED? Last week, Bitcoin reached the crucial $90,000 mark and entered a prolonged sideways movement lasting a week. WHAT WILL HAPPEN: OR NOT? Currently, the priority remains long positions, but a negative factor is the cumulative delta, which has been increasing throughout this flat movement. This indicates that market buying is being absorbed by limit orders, suggesting an upcoming correction. We should closely watch the reaction at the extremes. Buying Zones: ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). The nearest resistance will be at the significant $100,000 level. IMPORTANT DATES Macro-economic news: Tuesday at 13:00 (GMT+3): Consumer Price Index for the Eurozone for this year. Wednesday at 10:00 (GMT+3): Consumer Price Index for this year in the UK. Thursday at 16:30 (GMT+3): Initial jobless claims in the US, Philadelphia Fed Manufacturing Index. At 18:00 (GMT+3): US Existing Home Sales. Friday at 10:00 (GMT+3): Germany’s GDP for Q3 2024. At 17:45 (GMT+3): US Manufacturing PMI, US Services PMI.
by Crypto_robotics
1
NEW ALL TIME HIGHS! MY NEXT TRADE !Bitcoin breaks its all-time highs, the reality of a $100K Bitcoin feels more relevant than ever. Remember back in 2013, when $100K seemed like a far-fetched dream? Now, we're not far off. We've just broken out of this range, and I'm waiting for a retracement to go long again if the opportunity presents itself. For now, I'm still holding my long from GETTEX:89K , with my stop-loss moved to entry. Let’s see how far we can ride this one. Make sure to follow for regular updates and insights! 🔔💡 🔔Enquire for 121 lessons / academy #500FOLLOWERS 🎉 #500GIVEAWAY 🎁
by Trade-Journal
1
HelenP. I Bitcoin can correct a little and then continue to growHi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price some time traded near support 2, which coincided with the support zone and even entered to this area, where little time traded too and then started to grow inside the upward channel. Soon, BTC broke support 2 again and then reached the resistance line, after which made a correction to trend line and later broke this line and fell to the support line of the channel. A not long time price traded near this line and later rebounded to the trend line, which coincided with support 1 and broke them. Next, the price rose to the resistance line, after which made a correction back, breaking the trend line one more time, but soon BTC turned around and continued to move up between this line. At the moment, price traded below the trend line and I expect that BTCUSDT will fall to the channel's support line and then start to grow to the resistance line, breaking the trend line. For this case, I set my goal at 97500 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
15