development to tp2We continue with the decline and we are evaluating now with the operation closed what will be the next bitcoin target to join the long
BTCUSDT.PS trade ideas
04/11/24 Weekly outlookLast weeks high: $73,633.97
Last weeks low: $67,477.38
Midpoint: $70,555.67
ELECTION WEEK IS HERE! This is the one we've all been waiting for and probably been nervous about. On the 5th November the US election takes place, now we might not know for certain who has won on that day but we should have a good idea barring no funny business. At time of writing, Trump leads the betting market polls 57.7% : 42.3% which is down significantly from last weeks high of 67%. A lot can happen between now and tomorrow but for BTC and crypto in general a Trump win should be favourable to the markets, a Harris win might delay cryptos progress IMO.
If the US election wasn't enough for one week FOMC takes place a couple of days later. With a forecasted cut of 25bps coming taking the interest rate from 5.00% to 4.75%. The last FOMC saw a 50bps cut so the FED is rapidly moving to a more risk on environment which should be pro crypto, however I do think the election result will dwarf this FOMC in importance as the 25bps cut has been known about for awhile and most likely priced in.
Obviously the election is the main focus of this week, a number of projects have token unlocks this week too:
Larger % circ. supply:
NEON,BANANA,ADA,XAI,BGB,AGI
Smaller % Cir. supply:
SOL,WLD,TIA,TAO,AVAX,DOGE,SEI,NEAR,DOT,SUI&FIL
The altcoin market is still at the mercy of BTC and BTC is at the mercy of this election currently so we'll have a better picture of what the future may look like by the end of the week.
bull update A bull flag pattern with strong bullish momentum has formed, and we recently saw a breakout, sweeping liquidity around 50,547. On a refined daily chart, the price is pulling back to around 61,300, which I plan to target for a buy, aiming for an upside move up to 81,000.
Support Where?Price tried to find support at the red area, it held on well for a short while but price broke below the weak red support area. Price will probably head back to the blue support level. If the blue support level does not hold, then there might be a lot of blood. Stay safe.
Bitcoin Forming GraveStone Doji "A reversal is on the horizon".
A "Gravestone doji" is a pattern of candlestick analysis that forms at the top of an uptrend and warns market participants of a bearish trend reversal. Sometimes, this pattern emerges at the bottom of a downtrend, signaling a bullish reversal.
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
BTC - Ranges overview We've gotten some interesting pa on BTC since our last post so let's see how we play from here.
We've taken out some buyside liquidity around 73K and we've attempted to create new all time highs. BTC is yet to hit 74K and eventually price higher towards 75K and 80K.
As long as we respect the FVG (yellow box) expect us to trade between 70K-73K.
IF we fail to hold the current highs expect some retracement towards 70K.
IF we hold the current levels and break above the FVG expect us to aggressively trade towards new all time highs.
No need to front run the market or over-leverage your positions. WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH THE MARKET.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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!"
BTC updatePrice finally reached our first support zone after 6% correction & respected our number and showed nice reaction to it
Now we have to see how much recovery we can get from this support before going down again
Understanding the Danger Zone of trading. They occur oftenPatience is key, but it's easier said than done. Many of us, myself included, have fallen into the trap of opening trades at the wrong time and in the wrong place, driven by impatience.
A powerful way to avoid this mistake, especially in fast-moving markets, is to use the Gann Tool on higher time frames. The secret lies in identifying when the price is in the 'killzone'. When the price is here, it's a clear signal to step back and avoid taking trades.
Stay patient, stay safe, and make sure you're trading when the conditions are in your favor.
#TradingTips
#GannAnalysis
#MarketPatience
#TradeSmart
#KillzoneAvoidance
#ForexStrategy
#RiskManagement
#TechnicalAnalysis
#TraderMindset
#PriceAction
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
Bearish Reversal or Bullish Continuation?Using a trendline on the close of the weekly candles we can see a clear breakout. While price has broken out of the downtrend line, price is facing residence exactly at the previous high and a giant bearish weekly candle is printing. I’m 50/50 right now. This weekly candle can be the beginning of a very ugly bear market, but at the same time we cannot neglect the fact that price has broken out of the downtrend and this may be a retrace for a retest on the weekly chart.
Retail traders expecting bullish BTC ahead of electionsAccording to the CBOE COT report, most non-reportables (aka retail traders) are expecting bullish results in the coming days/weeks.
This is opposed to the positions of hedge funds, who are hedged neutral, likely expecting a bearish response to buy into dips later on.
A likely fakeout of the triangle will lead to a price around 64.9k, which is a decent 5% correction from current levels.
forcast "BTC""I believe that the current global geopolitical climate, the U.S.
elections, the tense situation in the Middle East, the post-Covid landscape, inflation,and economic instability in the world shouldn't be analyzed traditionally .
instead, we should stay on the safe side.
today, i don't know if bitcoin is safe or risky,but there's no choice but to stay in the game"
Bitcoin daily chart level wave count, are you keeping up? The viBitcoin's fourth yellow wave correction ended on August 5, and the green first wave started to rise, and the green second wave retreated. 52522 started a main rising wave to hit the historical high, and it has sub-wave extensions, and the chart is clearly marked. On September 23, I also reminded that Bitcoin cannot continue to decline. This wave of historical breakthroughs was tracked the next two times. The fourth green wave is currently running. Wave Analysis
BTCUSDT Strong Bullish Channel!BTCUSDT (Day Chart) technical analysis update
BTC price is breaking the channel resistance on the daily chart after 220 days of formation. The price is trading above both the 100 and 200 EMA, indicating a potential bullish move in the coming days. My next target is $100K. This is a perfect positional trade with a risk-reward ratio of 1:5."
Buy level: Below $66,000
Support: $58,500
Regards
Hexa
$BTC has Finally Boost Up and Road to $100KCRYPTOCAP:BTC has Finally Boost Up and Road to $100K
Entry Key Level Point $65,800
1st Take Profit 69,571.18 ✅
2nd Take Profit 74,422.01 ✅
3rd Take Profit 79,549.05
4th Take Profit 84,605.87
5th Take Profit 90, 126.31
Wait For More Big Pump. CRYPTOCAP:BTC Can Do it? Comments here.
From News, Trump Poll Reaches 210, Sending Bitcoin to Record $75K
Trump Poll Reaches 210, Sending Bitcoin to Record $75K Republicans.
Trump Poll Reaches 210, Sending Bitcoin to Record $75K, Trump Poll Shows Strong Lead in Election
Bitcoin Surges to All-Time High of $75,000
Key Points:
Trump poll leads with 210 electoral votes, boosting confidence in his candidacy.
Bitcoin hits record $75,000 amid excitement for pro-crypto policies if Trump wins.
Polymarket gives Trump a 94.2% win chance, fueling investor optimism.
Trump poll leads with 210 electoral votes, exciting the crypto market. Bitcoin hits a record $75,000 amid hopes for pro-crypto policies. Polymarket shows a 94.2% Trump win chance.
As of 3:15 AM UTC on November 6, the U.S. Republican presidential candidate, Donald Trump, is leading the election so far, causing extreme excitement in the cryptocurrency market.
#Bitcoin update on #election dayHere is my plan for election day on bitcoin... Just trading bitcoin because the dominancy... Altcoins will come later...
Trade safe, it can be very volatile... Doing risk management...
PS: On my video I show higher lows but saying higher highs :)...
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! 🚀
_________________________________________________________________
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
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.
Bitcoin Short Signal | 4-Hour Timeframe🟣 Entry Point: Bitcoin recently lost the key support level at $68,800 with a strong bearish candle, signaling sellers’ intent to push the price further down. This break opens an opportunity for a short position.
🟢 Technical Analysis: The $65,000 level stands as an important dynamic support. This level aligns with a trendline connecting two major lows at $49,000 and $52,500. If the price reaches this zone, buyers may temporarily halt the decline. However, if $65,000 breaks with strong selling pressure, Bitcoin may likely target lower levels, indicating a further weakening in the market structure.
🔴 Key Levels:
Entry: After breaking and consolidating below $68,800
First Target: $65,000, as a dynamic support level
Second Target: If $65,000 breaks, there is potential for a move toward lower support levels
Bullish for bitcoin Hello guys btc drop to my low risk area 68k to 69k so here we have a good oppertunity before US election for buy bitcoin.
tp 100000 dollars per bitcoin
BTC DiamondI've recently noticed the Diamond pattern on BTC chart. According to this pattern Bitcoin is preparing for a pull back to $40k price tag. Of course, it doesn't have to happen, it's just what the pattern says. Anyways I'll leave it here for myself.
BTC - Price is fractalJust a small post about how to use fixed range volume profile to mark potential demand zones for a retest.
It works on all timeframes, recently had these two great examples on H4 and m5.
For fixed range vp, don't pay too much attention to VAL and VAH, instead focus on the high volume nodes, these should give better reactions.
