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BTCUSDT trade ideas

BTC weekly trading planWeekly Trading Plan - November 17, 2024 - Finemei The crypto market continues its upward trends with healthy and significant corrections that began last week, covering all areas of the market. The trend is clear and precise, with a strong potential for high gains and record returns in the indices. A Bit About the Coming Week: The SEC (Securities and Exchange Commission) is shifting from preventive enforcement actions to a more collaborative approach within the crypto space. Easing of banking restrictions. Approval of ETFs (XRP + SOLANA) later this week. Public opinion suggests Bitcoin reserves for strategic assets are exceptionally high, but according to JP Morgan, they currently have a low probability. Fundamental Outlook: Fundamental News Summary: Wednesday, November 20, 2024: Crude Oil Inventory: Inventory rose by 2.089 million barrels. More oil in stock can reduce prices as demand decreases. Thursday, November 21, 2024: Unemployment Claims: There were 220,000 new unemployment claims, slightly higher than expected (217,000). This indicates a potential increase in job losses. Philadelphia Fed Manufacturing Index: The index dropped to 6.3, while the expectation was 10.3. A decline here signals some slowdown in industrial activity in Philadelphia, which is less favorable for the economy. Existing Home Sales: 3.94 million homes were sold, exceeding the expected 3.84 million. This is a positive sign, showing the housing market is active and functioning well. Friday, November 22, 2024: Manufacturing Purchasing Managers' Index (PMI): The forecast is 48.5, indicating the manufacturing sector is likely shrinking (a number below 50). This could signal challenges in the industrial sector. Services PMI: The forecast is 55.0, showing growth. This suggests the services sector is in a good position and supports the broader economy. Bottom Line: The data this week shows a mixed picture—on one hand, manufacturing and industry are somewhat weak, but the housing and services markets are looking strong. Technical Outlook: The cryptocurrencies are showing strength and readiness for further gains. Ethereum is consolidating between the 3030 and 3200 levels, currently at a critical resistance level, preparing for a move. Bitcoin has started a process that’s currently less clear, so I’m staying out for now, although it also appears ready to reach my weekly target of $97,000 per coin. Good luck, friends! A green week ahead.
Long
by FineMei
2
Bitcoin ATH: Potential Retracement Zones and Key LevelsBitcoin current price now is 76k surpassed ATH at 14 March 2024, after surge more than 13% we may see increased speculation and bullish momentum driving the price higher. However, if Bitcoin struggles to maintain upward momentum near this level, we may witness a retracement before the next significant move. Retracements are a common and healthy part of price movement, providing the opportunity for consolidation before the next leg up. On the chart, we observe several retracement levels marked by Fibonacci retracement levels, as well as Fair Value Gaps (FVGs) that may act as areas of support if Bitcoin's rally takes a breather. 1. The first potential support level sits at the 0.5-0.62 retracement level. This zone represents a modest pullback and would allow Bitcoin to establish a higher base without losing its bullish structure. This level falls within an FVG, which might reinforce the zone as a strong support if Bitcoin pulls back to this area. 2. A deeper retracement could see Bitcoin testing the 0.705-0.79 retracement level. This level could attract more significant buying interest, as it represents a meaningful correction or extreme discount zone that provides an attractive entry point for new buyers. 3. Green zone (OB) signaling areas of potential liquidity where buyers might enter aggressively to capture value. Trendline Support and Horizontal Levels Trendlines provide insight into Bitcoin's directional bias. A rising trendline, indicated in yellow on the chart, has been guiding the recent rally and could serve as dynamic support in case of a downturn. If Bitcoin respects this trendline, it would suggest a continuation of the uptrend, with the trendline acting as a safety net for any dips in price. This would allow BTC to pull back and consolidate while maintaining its upward momentum. Another significant level is marked as "rH" around $73,787, a former resistance level that could now act as support. If Bitcoin retraces to this level and finds support, it could reinforce bullish sentiment and potentially lead to another rally attempt. Volume Analysis We also see moderate trading volumes, indicating sustained but cautious buying activity. An increase in volume at higher prices would strengthen the case for a continued rally, as it would demonstrate robust market interest. Conversely, if the volume decreases during a pullback, it may indicate that sellers lack conviction, suggesting that the retracement could be brief and limited to consolidation.
by Perseusx01
Arweave 5x in play (+ relative high risk/reward ratio) This side-by-side chart comparison was crafted to illustrate both the growth potential and risk profile differences between Bitcoin (BTC) and Arweave (AR) over the upcoming months, specifically targeting the period from Q1 2024 to Q1 2025. By juxtaposing these two assets, I aimed to highlight how different growth factors and market dynamics play out in each case, despite both assets potentially participating in a broader bull market trend. AR/USDT Chart Analysis KUCOIN:ARUSDT 1. Enhanced Growth Factor for AR: 5x Arweave (AR) exhibits a notable 5x growth factor compared to BTC. This factor reflects AR’s potential to outperform BTC, especially given its relative lower market cap and past explosive moves in bullish cycles. By emphasizing this factor, I intend to highlight AR as a high-risk, high-reward asset, which could see substantial upside if BTC will further grow and consolidate. 2. Decline Factor in Comparison AR also comes with a 2.3x decline factor compared to BTC, underscoring its higher volatility. In periods of short term corrections. . This visual comparison to BTC’s -20% decline serves to remind that while AR may offer amplified gains, it also presents greater downside risks, a trade-off often observed in smaller-cap assets. 3. AR Probable Upper Target by year end 2024-Q1/2025: $49.50 Unlike BTC, AR has a more attainable high target, with $49.50 (a 201.28% increase) labeled as “More Probable by 2024 - Q1/2025.” This optimism is reinforced by AR’s historical ability to rally sharply, especially in bullish conditions. A green checkmark designates this target as a feasible goal within the forecasted timeframe, setting a visual contrast with BTC’s “Less Probable” 270K target. BTC/USDT considerations BYBIT:BTCUSD.P 1. BTC Growth Expectations in before year end (2024): $100K The chart showcases BTC’s historical resilience and expected rally going into Q1 2024. Based on prior movements and momentum analysis, BTC is likely to achieve another 13% growth. This is marked by the first yellow arrow to signal a foundational level for BTC’s next leg up. 2. BTC Less Probable Upper Target for Q1/2025: 270K I’ve marked an ambitious upper target of $270K (a 201.38% increase) as “Less Probable by 2024 - Q1/2025.” This target acknowledges the potential for explosive growth but also emphasizes that reaching this level is less likely within the specified timeframe, given BTC’s recent trend and market constraints. This speculative target is denoted with a red “X” to visually temper expectations around such extreme bullish scenarios. 3. Short-term Decline Risks: As BTC approaches major resistance, there’s a historical correction risk in the near term, estimated at around -20% (from the recent top/ATH). This risk is flagged for potential volatility even as BTC progresses in its bull cycle. This possible retracement emphasizes caution and suitable risk management. Comparative Takeaways Risk and Reward: The comparison visually drives home the point that BTC, as a more established asset, offers relatively stable growth but with a lower ceiling. In contrast, AR presents a far greater potential upside, albeit with significantly higher downside risk, making it a more volatile but rewarding choice. Growth Trajectory and Market Psychology: The BTC chart highlights a cautious optimism for BTC to hit the 100K milestone, while AR’s more ambitious trajectory in the $49.50 range seems within reach due to its previous high volatility. This distinction suggests AR may outperform BTC in a bull cycle, yet demands a more speculative mindset from investors. Visual Indicators for Probability: The use of checkmarks, crosses, and color-coded risk boxes was intentional to provide a quick reference on the probability and risk associated with each target. This approach aims to guide viewers in making informed decisions based on both historical data and projected scenarios. Side note: If BTC reaches higher prices than projected in 2025 it is likely that altcoins and Arweave will increase prices even significantly higher than current targets presented.
Long
by ralphesprit
Patience is LONGSo in this image, I hope that you can see the obvious. We have a wide range that we could potentially be trading from top to bottom until one side breaks. My idea right now is that we still haven't taken out the range low, which would also take out some of the liquidity wicks. I've also added the downtrending range to keep in mind and backup my thoughts that this could just be a correction for a bigger jump to the upside. That's where I would look for: A loss of that level A reclaim ( possibly a swing failure pattern, ie, wick below and close above the lows ) A change of market structure A long trade entry This is assuming we come back down here, of course. If we don't, then we look for the top of the range for vice versa option or a continuation of this incredible bullish trend where we find support at the highs and continue on. Always keep in mind that we may not get the SFP and the close back above the lows, this could take patience if we start to see a back test of them laws, and a loss of that level. Losing BITGET:BTCUSDT.P $36,000 ish would look more bearish and we might even end up closing the CME gap below. Just sharing some thoughts, so you are aware of the range that we're in. Sometimes I miss these things and they could be really great opportunities for both long and shorts until one side breaks. This is not financial advice.
Long
by turnandshoot
BTC Bitcoin // Breakout or Breakdown ?www.tradingview.com After a massive bull run in BTC, it is taking a halt for last couple of days between 85000 to 93000 ranges. On daily chart, the levels can be: Resistance : 93700, 102400, 111100,119800 (exhaustive) Support : 80400, 72200, 64400 (last resort) The level where it is taking support right now, is 23% retracement at Fibonacci retracement level. This an important level. While looking at above levels, if it has to break the last swing high and touch some unchartered territories, the pullback is required. The best pullback reversal can be anywhere between 69000 to 76000. Fresh buying depends on your risk appetite. Here are the ranges based on type of traders with strict SL. --> High risk traders: reversal from 80500. --> Moderate traders: reversal between 72000 to 76000 --> Conservative traders: reversal between 64000 to 66700 Good luck. StoxWare Team
by Stox_Ware
BTCUSDT. Daily and Hourly Timeframe AnalysisHello traders and investors! Let’s see where to expect a buyer's resumption. Daily Timeframe On the daily TF, the upward movement has significantly slowed down. The last buyer's impulse consists of just one bar and only slightly exceeded the previous all-time high. The bar itself has decreasing volume, indicating a lack of interest from both buyers and sellers at these price levels. The starting level of the last buyer's impulse is 85,072. A period of sideways movement might be ahead. It is advisable to look for buying opportunities from the buyer’s defense of the last impulse starting level at 85,072. Hourly Timeframe On the hourly TF, a range has formed. The lower boundary is 85,072, and the upper boundary is 89,940. The seller’s vector 7-8 is currently relevant, with a potential target of 86,128. It is advisable to look for buying opportunities from the buyer’s defense of 86,128 or 85,072, aiming to realize the buyer’s vector 8-9 (with potential targets at 89,940, 91,790, and 93,265). The 85,072 level is more important as it is also a daily level. Good luck with your trading and investments!
by AlexeyWolf
Beware of the volatility that may follow!!! Yesterday's target was reached. It is important to maintain the trend line. If it breaks the trend line, we can expect a correction in the indicated areas that remain valid until those GME GAP areas are reached. A consolidation in the area of ​​90K can take the price to 100K in a few days. Follow the support area from 90k and the trend line for one hour. CAREFUL! TODAY AND TOMORROW WE CAN HAVE GREAT VOLATILITY. We will see massive liquidations, pay attention to leverage.
by cristy2788
$BITCOIN TAKE PROFIT 5 ALREADY DONE GUYS, LET'S SEE ON CHART...BINANCE:BTCUSDT Bitcoin Hits $93K, Closing in on $100K Milestone Bitcoin just hit $93,000, and it’s now $7,000 away from the long-awaited $100,000 target that so many in the crypto space have predicted for the end of the year. According to CoinMarketCap, the cryptocurrency is up 5% today with a massive $1.8 trillion recorded in market cap but a 30% drop in trading volume to $108 billion. The crypto is actively experiencing intense trading activities, especially on Binance, which has seen over $6 billion in trading volume in the last 24 hours, followed by Pionex exchange with $4 billion. While some have taken the surge as an opportunity to sell off. Some see this as a buying opportunity. According to a whale tracker on X (formerly Twitter), several large Bitcoin whales have been buying BTC during recent price dips. Five whales have collectively acquired 952 BTC, worth approximately $83.7 million. 🚦Follow Binance Square: app.binance.com &r=186294073&uc=app_square_share_link&us= copylink Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
Bitcoin | In Satoshi V Trust Gentlemen welcome to BULL MARKET The price of Bitcoin is $28,280 today with a 24hour trading volume of 45 billion dollars This represents a 4% price increase in the last 24 hours and a 40% price increase in the past 7 days When iconic US investment bank Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, it shook people’s faith in banks so much that a new class of asset, which did not have the backing of any formal bank, came into being. Bitcoin, the most popular cryptocurrency, first found a mention in November 2008, about two months after the Lehman crisis. A decade later, cryptocurrencies have become one of the most debated financial assets, globally and in India, in terms of risk and returns. now in 2023 Banks fails even bigger and bitcoin is here to shine Right now all big companies including Amazon, Microsoft, BlackRock, BridgeWater ... got an eye on crypto and buying the dip while the old banking system shows its flaws all indicators sending bullish signal and be ready for 28500, 28700 and 28900$
Long
by moonypto
11
Daily Market Analysis: Bitcoin in a Correction TrendDaily Market Analysis: Bitcoin in a Correction Trend Bitcoin is currently undergoing an impressive technical correction of about 5% , with signs of re-accumulation. It appears we are in the midst of an accumulation phase on the 4-hour chart ⏳, with a possibility of a decline to the $84,000 area per coin before resuming the upward trend . Technically: We are at the peak of the bullish trend, and at this stage, the market does not show signs of upward tension, which may support the current stability. Fundamentally: Today, three CPI reports with positive forecasts are expected, potentially prompting temporary declines until 15:30, followed by a significant jump. Even if the reports are released with a slight delay and the results come out later in the evening, this is an accumulation process with potential for record levels .
Long
by FineMei