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BTCUSDT trade ideas

Bitcoin broke outCongratulations to investors still holding! Well done one and all. I’m happy to be here too. I am new to this bull run and bought august thru the new year of 2024. I hope this chart passes through our Mods and is seen as a fun celebration of the day….today was fun as all damn get out. The retest is behind us and we have four exponentially larger candles in a row going in the correct direction! Technical Analysis: If we could all draw our attention to the left handed middle fingers…the high to low that this finger has created (as terrible as it has been) is thankfully a decreasing percentage, particularly notable in the September range. There is a tiny, faded fu in early October and a similar sympathy dip in the third week but the strength of the asset is starting to flex. FASB rule revisions are now just around the corner, the ETF’s have held it down likely as long as they can for at least a few months and I really think it’s a time to celebrate. Seriously, congratulations good people! The last indicators I’d like to highlight are the lines through the hands. These are key. The top line that kisses the tip of my middle finger is of course the bottom of the BTC range but the line that connects through our knuckles clearly shows a hockey stick formation…likely made of hickory. I thought it best to throw some speculation on the chart in case I needed an out for anyone thinking this is financial advice. It is not financial advice. Follow the trend you see. Take care all, MR
Long
by Mr_Robbers
1
Weak Impulsion in BTC's UptrendBitcoin Showing Weak Impulsion to Continue Uptrend, But Buy Opportunities May Await Analysis by BIDASKMAGNET Institute for Analysis Bitcoin’s recent market movements are displaying signs of reduced impulsive strength, leading to cautious optimism among traders and investors. The BIDASKMAGNET Institute for Analysis has highlighted that, despite weaker momentum in the uptrend, buyers should maintain a watchful stance for potential entry points in the near term. Weak Impulsion in BTC's Uptrend Over recent trading sessions, Bitcoin has struggled to sustain significant upward momentum, with price action showing lower highs and increased resistance at key levels. This weakness in impulsion suggests that, while the broader market sentiment leans bullish, current conditions might not fully support an immediate uptrend. BIDASKMAGNET Institute points out that BTC’s inability to breach established resistance zones indicates the presence of substantial selling pressure. Reasons Behind the Weak Impulsion Market Liquidity Concerns: With a shift in institutional interest, the liquidity driving Bitcoin’s upward momentum appears slightly dampened, making it difficult for the asset to power through established ceilings. Macroeconomic Factors: External financial pressures, including inflationary concerns and central bank policies, have recently impacted crypto markets, contributing to Bitcoin's reduced upward drive. Profit-Taking: Following recent gains, many short-term holders are likely cashing out, which adds to the selling pressure and challenges Bitcoin’s price progression. The Importance of Waiting for Buy Opportunities According to BIDASKMAGNET, despite the limited impulsion, Bitcoin still presents buying opportunities, especially for long-term holders and those seeking advantageous entry points. The recommendation is for buyers to exercise patience and monitor technical indicators closely, as the current market structure suggests that Bitcoin may retest lower support zones before resuming a more definitive upward trend. Conclusion Although Bitcoin is exhibiting weak impulsive energy to sustain its uptrend, BIDASKMAGNET Institute advises a “wait-and-see” approach, suggesting that buy opportunities may emerge if Bitcoin consolidates at key support levels. Traders and investors should monitor these levels closely and consider this analysis as part of a broader strategy to navigate the volatile crypto landscape.
Long
by BidAskMagnet
Bitcoin (BTC): Price Still Trading Below Major Resistance ZoneBitcoin had a nice small rollercoaster movement last week, where we did have some kind of rejection from major resistance zone but not strong enough. Buyers took over that dump and now they are yet again pressuring that major resistance zone (which might indicate to a possible liquidity sweep near $72-73K) With that being said, we need to monitor closely the candle movement near that resistance and look for any signs of weakness. Either way, it will happen, so now we just have to wait out it! Swallow Team
Short
by SwallowPremium
2
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update. BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets. SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
Long
by HexaTrades
#BTC Can it challenge ATH this time?📊#BTC Can it challenge ATH this time? 🧠From a structural perspective, the goals of the bullish structure of the cup and handle have all been achieved, but the long target at the daily level has not been fully achieved, so there is a possibility of continued rise, and it is only about a thousand dollars away from ATH. But we are indeed in the resistance zone, the risk of chasing the rise is very high, and the profit and loss ratio is not good. ➡️If you want to short, there is no short structure here, so there is a contradiction, so continue to be patient and wait and see. ➡️If you hold long orders according to my previous posts, then you should choose to take all profits in this overlapping resistance zone to prevent a large retracement of profits. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin to 74k today !I think today might be the day we actually see new all time highs. Am already in a long position from a day ago and scaled in last night. If anyone wants to hop on, I think now is probably the last opportunity one will get before take off. A stop below 70,800 should be sufficient. All timeframes are pretty much bullish. Next hr we'll likely get a big candle to the upside...if it is that market actually wants to go up. Take profits areas and position size % are on my chart
Long
by Filnft
1
BTC - RAG- GPT4o. C.L.85%. Of course NO ESSENTIALInvestment Thesis Given the current market conditions for Bitcoin (BTC), we are positioned to capitalize on short-term price movements over the next 14 hours. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping. Data Analysis Open Interest: Currently high, indicating strong market participation. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment, while low liquidation levels provide a cushion against sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Trader Sentiment: Cautiously optimistic, with many experts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: Binance Research Analysts CryptoQuant Experts Analysis: The consensus among experts emphasizes monitoring key resistance levels and considering long positions as LTC approaches these levels. CoinMarketCap Data 24-Hour Trading Volume: Approximately $1.5000 billion. Circulating Supply: 19 million BTC. Market Capitalization: Around $1.3600 trillion. Analysis: Strong liquidity and high trading volume indicate significant interest in BTC, supporting the bullish outlook. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Bitcoin. Top Crypto Sentiments: Reflecting optimism among traders. Implications: A favorable environment for long positions, as positive sentiment can drive further price appreciation. Technical Analysis RSI (Relative Strength Index) Daily Chart: 69.0800, indicating overbought conditions. 15-Minute Chart: 53.5900, suggesting a neutral position and potential entry point for new trades. MACD (Moving Average Convergence Divergence) 1-Hour Chart: Showing a bullish crossover, reinforcing the potential for upward movement. Bollinger Bands Current Price Position: Approaching the upper band at $71,452.91. Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback. Support/Resistance Levels Support: $70,152.95. Resistance: $71,452.91. Analysis: A break above resistance could trigger additional buying, while support provides a safety net against significant price drops. Moving Averages MA10: $71,200. Interpretation: Price above MA10 suggests a continuation of the bullish trend. Trend Indicators ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook. Bollinger Bands: Proximity to the upper band on the daily chart warns of a possible pullback if resistance is not breached. Summary The current market conditions for Bitcoin (BTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across various timeframes suggest potential upward momentum, with key resistance levels at $71,452.91 and $72,000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $71,263.37 Stop Loss: $70,100 Take Profit: $72,500 Exit Point: $72,000 Entry Criteria RSI: Below 50 indicates potential upward movement. MACD: Bullish crossover. Price Position: Above MA10 suggests continuation of the trend. Current Indicators: RSI: 69.0800 MACD: Bullish crossover confirmed. MA10: $71,200 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Breaks Above $72,000: Action: Open a long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 to minimize potential losses. Take Profit Strategy: As Price Approaches $72,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $72,000 to secure profits. Risk Management: Set Stop Loss at $70,100 to limit potential losses. Take Profit at $72,500 to capitalize on expected price movement. Exit Point at $72,000 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
Long
by titankarma
3
Bitcoin strong growthAccording to the latest data that our team receives, we concluded that the global market maker has finished accumulating its three main assets: BITSTAMP:BTCUSD , BITSTAMP:ETHUSD and BITSTAMP:SOLUSD . The main idea is to realize and lock in profits on these three assets and further profit spillover into altcoins. We expect that in October-November there will be a local growth, which will also trigger the growth of a number of altcoins (local market makers such as GSR, Wintermute and others will start playing out their plans on altcoins). Based on chart analysis, we expect Bitcoin to rise to the $70300-71200 area, which compares to the 1.5 and 1.618 Fibonacci levels respectively; we also consolidate above the 50 EMA. Among altcoins, BINANCE:WLDUSDT , BINANCE:APTUSD , COINBASE:BLASTUSD and COINBASE:DRIFTUSD look good. Expect localized growth on these assets! Best wishes, Horban Brothers!
Long
by horbanbrothers
BTCUSDT Golden Cross Signals Strong BullishBINANCE:BTCUSDT daily chart shows a Golden Cross, a pattern that has historically been a strong indicator of bullish momentum. A Golden Cross occurs when the 50-day moving average (MA 50, in purple) crosses above the 200-day moving average (MA 200, in blue). This crossover is generally viewed as a signal of a long-term trend reversal, suggesting that bullish momentum is building. Whenever this crossover has occurred in the past, Bitcoin has experienced substantial upward price movement in the following months. Currently, CRYPTOCAP:BTC has broken through broadening wedge resistance levels on the daily chart and is trading near $71,000. This price action aligns with the Golden Cross, reinforcing the potential for a continued bullish move. With BTC consolidating above key levels, a breakout above $70K could trigger further buying interest and sustain the uptrend. If BTC can hold its position above the 200-day MA and breakthrough additional key resistance levels, the price could continue to climb. Potential targets range from 100-200% gains from this level, similar to past Golden Cross rallies. Regards Hexa
Long
by HexaTrades
BTC/USDT.P UpdateI know you guys are excited about the bull action that finally came after a long wait, but this is where things can get volatile due to manipulation. Remember, if the price action is this obvious all the time, everyone would have been billionaires lol. Always keep an eye behind you and play on both sides of the market is the best way to go. With that said, we actually did not have a daily candle close "above" the previous major swing high, that is also what I considered as the CHOCH for the bullish trend change. I would be very interested to see if we can give it another attempt today and finally close above that major swing level at 70078. If we close above it on the daily candle, I'll be more bullish, until then, I expect pull backs to grab more liquidity. If it does dump, I'll be ready to accumulate more into my long positions. Trade safely guys! @Nate Alert PS** congrats to all the wins from last night's stream, glad to see so many of you making money!
by Nate36989
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