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28/10/24 Weekly outlookLast weeks high: $69,526.58 Last weeks low: $65,268.55 Midpoint: $67,397.56 2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it. We are now 7 days away from the US election, with Trump in the lead in the polls and Wall Street preparing for another Trump presidency I expect to see crypto start to push on after the 8 month chop. The plan for a Bitcoin strategic reserve and favourable law-making towards the crypto market is a positive. We also have the FTX distribution in 2 weeks, that's $16B coming back into the market, perhaps not all of it will stay in crypto but even if a portion of that remains that will be a significant boost to buyside pressure. All in all BTC is in good shape currently, I would like to see acceptance above the all important $69,000 level by the end of the week setting us up well for the US election. Obviously what happens there is unknown until we get the result and typically fear can be negative for the markets so maybe we don't see acceptance this week but I am confident that the R:R at current price looks good with many signals showing growth is likely going into the end of Q4.
by ProR35
Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis📈 Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis) MAC Strategy: Your Dip-Buying Blueprint Monthly and weekly Moving Average Channel indicators are bullish. Here's your shopping list: - Weekly MAC support: $59,234 - Monthly MAC support: $55,943 These aren't dips - they're gifts. When Bitcoin touches these levels, smart money moves fast. Ducks in a Barrel Strategy Says "Load Up" Weekly timeframe say we want to buy the dip. : - 39 & 52 week MAs trending up and pulling away from each other (bullish momentum) - Strong uptrend intact in spite of the several months of consolidation.. Perfect storm setup for Ducks in a Barrel: 1. Bitcoin undervalued vs gold/treasuries 2. Stochastic hits oversold at the same time If you see a Bitcoin dip, REMEMBER: Dips are Gifts. Stop Missing These Setups I'll be honest - finding and catching these dips isn't rocket science, but timing is everything. Ready to level up? - Learn how to implement rules based & non-discretionary trading to become profitable - Learn to interpret the Commitment of Traders data to gain a major edge in the markets - Join live market analysis sessions - Learn my exact entry triggers - Master risk management DM me for more information. Serious traders only. Trading Disclaimer TRADING CRYPTOCURRENCIES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. Past performance is not indicative of future results. The information provided in this analysis is for educational purposes only and should not be considered financial advice. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice. I am not a licensed financial advisor. All trading decisions and consequences are your responsibility.
Long
by Tradius_Trades
A new RAG-GPTo4 Thesis Investment BTC Hi Traders! I am telecom engineer and I make a RAG-GPT-o4 trading scalper with more than 10.000 data each 25 minuts. I hope that help you. As a scalping trader focusing on Bitcoin (BTC), the current market conditions present a nuanced landscape for intraday trading. The analysis of various indicators and market sentiment suggests a cautious approach, with potential opportunities for both long and short positions depending on the evolving market dynamics. Market Analysis The open interest for BTC has shown fluctuations, with a notable increase in the 1-minute and 5-minute intervals, indicating heightened trading activity. The weighted funding rate remains slightly negative, suggesting a bearish sentiment among futures traders. Liquidation data reveals a mix of long and short liquidations, with a slight bias towards long positions being liquidated, reinforcing the cautious sentiment. Binance's trading data indicates strong trading volume in the 1-minute and 5-minute intervals, with a slight decrease in the 8-hour interval. Top experts, including CryptoCapo and The Wolf of All Streets, suggest a mixed outlook—some advocate caution due to overbought conditions, while others see potential for a breakout if resistance levels are breached. CoinMarketCap reports a 24-hour trading volume of $35 billion for BTC, with a circulating supply of 18.8 million BTC and a market cap of $1.27 trillion. Robust trading volume in the 1-minute and 5-minute intervals indicates active trading and potential for scalping opportunities. Sentiment analysis Reveals a predominantly neutral sentiment towards BTC, with slight bearish undertones. Top sentiments include "caution," "volatility," and "opportunity," reflecting the current market conditions. Technical Analysis The technical indicators for BTC present a mixed picture. Momentum oscillators suggest neutral momentum, indicating neither strong buying nor selling pressure at this time. Trend indicators point to a weak trend, suggesting that the market may be consolidating. The price is currently near the upper Bollinger Band, which could signal potential volatility and the possibility of a reversal or breakout. Key support levels are identified at $67,500 and $67,200. These levels may act as safety nets if the price experiences a downturn, providing potential entry points for long positions upon confirmation of a bounce. Resistance levels are noted at $68,200 and $68,500. A break above these levels with strong trading volume could indicate the continuation of the bullish trend, while failure to do so may result in a pullback. Given the overbought conditions and the price's proximity to resistance levels, it is advisable to monitor the market closely for signs of a breakout or reversal. Traders should be prepared to adjust their strategies accordingly, considering both long and short positions based on real-time market developments. Trade Recommendation Action: Hold Buy Confidence Level: 72% (75%-100%) Current Price: $67,809.99 Stop Loss: $67,600 Take Profit: $68,200 Exit Point: $68,000
by titankarma
3
BITCOIN Playing Below The Crucial Resistance Area📍 BTC Main Update 👉 The First Thing That Every body Talk About It These Days Is a Bull Flag, And Breakout Is a Action That Most Of The People Are Waiting For It, But The Story Is Not That Much Simple, And I Wanna Describe My Main BITCOIN View At This Update, So Let’s Get Started 📥 I Agree About The Clear Bull Flag Formed At The High Timeframe And Of Course It’s a Bullish Pattern But I Can See a Rising Wedge At Lower Timeframe And Its a Bearish Sign In a Short Term Before Any Breakout From The Main Bull Flag 📉 My Priority Plan Is Breakdown The Rising Wedge Toward a 60k As a Main TP And In a Worst Scenario Dump To The 50k Area Before New Bullish Rally And Breakout a Bull Flag 🎯 Sum up : Some Times Doing Nothing Is The Best Action And It Was My Plan For Account Management Members From Last Two Months And Still It’s My Main Plan In a Short Term
Short
by Bullish_Traders
2
#Bitcoin Update – Wednesday, 30.10.2024As-salamu alaykum and Good Evening to All Brothers and Sisters! #Bitcoin has made a massive jump, just as predicted in my last analysis! We've successfully hit our first two Take Profit (TP) targets, marking a significant achievement. However, the price faced rejection at the upper side of our Yellow Area. This could mean that a retracement is on the horizon, although it’s not yet confirmed. I’ve outlined all the crucial support and resistance levels on the chart, which will guide us in understanding Bitcoin’s next potential move if the retracement is confirmed. What's Next? If a retracement is confirmed, we might see a slight price drop over the next few days. This drop could reach as far as levels marked by Arrows #4, #5, and #6, potentially retesting the previous all-time high. The Red Line at this level is particularly important. If the price does pull back to these levels, it will likely retest and consolidate support, setting the stage for a new all-time high run! Let’s keep a close eye on these key points, as they will be essential in preparing us for the next major move. #Alts (Altcoins) Altcoins are currently in a delicate position due to rising Bitcoin dominance, now above 60%, which is considerable. When Bitcoin pumps, a few altcoins may perform well, but during even a small Bitcoin pullback or retracement, many altcoins tend to lose value by double digits. This is why I’m holding off on updating my altcoin list for now. I recommend waiting on altcoin trades until we see some retracement in BTC.D (Bitcoin Dominance). Stay tuned for more updates, and as always, I wish you all a profitable week ahead. Let’s keep the energy up and make the most of these moves! Have a fantastic day!
Long
by MoonTradingForecast
1
Bitcoin Update: About to start rocketing to 100K!BTC is making a decent change of character on the daily chart and now it’s making new highs. According to my latest analysis on Bitcoin, the bullish scenario of breaking above 70K has played out and now we’re closing the price above 70K. In the current situation, I expect a minor correction to 66K before starting the main rally for Bitcoin to higher price levels and making new all-time highs, with the major resistance target of 100K. The correction is invalid if the price closes a daily candle above 74K, and the bullish impulse from 66K to 100K is dismissed for a while if the price breaks below 65K. DYOR
Long
by farhadnmd
BTC New Highs Inspired by Elections!With a strong technical foundation and a high-potential macro backdrop, BITSTAMP:BTCUSD is showing signs of continued upward momentum as we near the U.S. election weekend. Historically, this period tends to bring heightened market activity, and BTC's current technicals are aligning to support a bullish outlook. 📈 Key Indicators Supporting the Uptrend: Momentum Oscillators: The Awesome Oscillator, Momentum (10), and MACD Level (12, 26) all flash buy signals, highlighting BTC's increasing buying strength and upside potential. Moving Averages: Across the board, both exponential and simple moving averages from 10 to 200 days indicate a clear buy trend, with BTC consistently trading above these key levels. VWMA & HMA: The Volume Weighted Moving Average (20) and Hull Moving Average (9) confirm recent price support, suggesting buyers are actively backing the current levels. While oscillators like RSI and Stochastic remain neutral, the strong buy signals from trend-following indicators provide a favorable setup for a potential rally. 📅 Timing: With election-week volatility sparking interest for the first time in COINBASE:BTCUSD , now could be an opportune time for swing traders to jump in. Disclaimer: This post is for informational purposes only and not investment advice. Cryptocurrency trading carries risks, including potential loss.
Long
by CF_444
Bitcoin has a strong possibility of turning bullishFirstly, I would like to mention that BTC is currently in a significant Bear trend on the weekly chart. Breaking the weekly trend is more challenging than the daily and hourly for those who are unaware. Isn't it clear?? Therefore, to see bitcoin in a bullish trend, we require confirmation of the Bull. We are already in Bear mode, so we do not require confirmation of that !!! Having said all that, I would like to mention a couple of things regarding (WEEK EMA 55). 55-week exponential moving average (EMA) The 55-week EMA serves as a robust support line. If BTC surpasses it, the result will be extremely positive. You can also examine May-Jun-Jul 2021 for comparable patterns, as well as explore other cryptocurrencies. It applies to nearly all of them. Up to this point, BTC has successfully ended above the orange line during previous months. Therefore, to sum up, BTC is currently in a bear market. There is a possibility of a bullish trend. Only if Bitcoin closes above 69,000 daily and maintains a strong grip on this level will the bullish trend be confirmed. Best wishes .
Long
by El_retardo
Bitcoin (BTC): Liquidity Hunting Near ATH / Huge Moves IncomingBitcoin has had rather a calm movement after that bigger push to ATH zone (which, btw, we did not touch yet). Now that's where it will get interesting, We are in the monthly candle closing currently, which, combined with being in the ATH zone + an upcoming election, is just a huge zone of manipulations and liquidity huntings. Now we are still looking for a good correctional movement to come and we will have it either here or after a smaller expansion to upper zones (might even be a liquidity hunt, which would be normal at this state). Swallow Team
Short
by SwallowPremium