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BTCUSDT trade ideas

BTCUSDT-REBORN (ELLIOT WAVES)Bitcoin (BTCUSDT) Technical Analysis Report Date: 21-11-2024 Summary: In 2021, Bitcoin experienced a significant correction, plummeting from $69,000 to $15,467. Utilizing Elliot Wave theory, our analysis accurately identified the subsequent Wave 5 formation, forecasting a substantial upward movement. This report outlines our technical analysis, highlighting key levels and key wave formations. Technical Analysis: Key Levels: - Resistance: $98,000, $106,000 - Support: $74,225, $650,927 Elliot Wave Pattern: Our analysis revealed a textbook Elliot Wave pattern, indicating a strong bullish trend. Wave 5, typically the final wave of an Elliot Wave sequence, suggested a target near $98,000. Indicators: - RSI (14): 30-70 range - MACD (12, 26): Bullish crossover - Moving Averages: 50-day and 200-day MA golden crossover Conclusion: Our technical analysis, utilizing Elliot Wave theory, accurately predicted Bitcoin's significant price appreciation from $15,467 to $98,000. This report demonstrates the effectiveness of combining Elliot Wave analysis with traditional technical indicators. Recommendations: - Long-term investors: Hold positions, targeting $98,000
by reborntradingc97754
2
BTC sell???📊 Analysis by AhmadArz: 🔍 Entry: Breakout Confirmation: $90,700 A breakout from the symmetrical triangle indicates strong momentum, suggesting a downward trend. 🛑 Stop Loss: Level: $92,563 Place your stop loss above the breakout point to minimize risk. 🎯 Take Profit: 1️⃣ TP1: $88,959 (First support zone) 2️⃣ TP2: $86,250 (Key demand level) 3️⃣ TP3: $83,505 (Strong historical support) 🧠 Analysis Overview: The symmetrical triangle pattern on the 1-hour BTCUSDT chart is a classic continuation pattern. With a confirmed breakout, this setup presents a great risk-to-reward ratio. 📉 Additional Notes: Increased volume during the breakout adds validity to this move. Monitor RSI for signs of overbought/oversold conditions. Price action near $88,959 will determine if the trend strengthens or consolidates. 🔗 "Stay ahead of the crypto market with AhmadArz! 💡 Join us on TradingView for expert insights backed by five years of market expertise." 🚀 Boost this idea and💬 share your feedback below!
Short
by ahmadarz
2
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-->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
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
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