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BTC Short SignalThis chart shows Bitcoin to USDT (BTC/USDT) on the daily timeframe (1D), displaying a bearish scenario. In this analysis, a strong resistance zone (grey box on top) is identified, where the price has repeatedly failed to break through. Uptrend Line (dotted white line) appears to be on the verge of breaking, indicating weakening buyer momentum. Given the strong resistance and the recent rejection from this level, there is a high probability of the uptrend line breaking. The expected scenario is that after breaking this trendline and retesting the red zone as a new resistance, the price will start a strong downward move towards the lower support zone (grey box below). The final target for this analysis is around $53,000, which is a key support level. This analysis assumes that buyers are losing control at these high levels, and there’s a likelihood of a pullback to the lower support level.
Short
by aminsmithfx
Bitcoin Faces Critical Week Amid US Presidential ElectionBitcoin ( CRYPTOCAP:BTC ) is at a pivotal moment, with the cryptocurrency market bracing for heightened volatility as the United States approaches a historic election. The impact of this key event, combined with a possible Federal Open Market Committee (FOMC) interest rate cut, is set to make waves across digital asset markets. At the time of writing, CRYPTOCAP:BTC is trading at $68,749.84, up 0.62% over the last 24 hours, with a daily trading volume of $35 billion and a market cap surpassing $1.35 trillion. Elevated Volatility Expected Traders are bracing for sharp moves in CRYPTOCAP:BTC , as indicated by a 30-day gauge of implied volatility developed by CF Benchmarks. Caroline Mauron, co-founder of Orbit Markets, highlighted a potential swing of 8%, starkly contrasting the usual 2% fluctuation level. This suggests traders are preparing for significant market action, and expectations of volatility are reflected in the crypto options market. Political Uncertainty Looms Large The 2024 US presidential election adds another layer of unpredictability. Both frontrunners, Donald Trump and Kamala Harris, have expressed distinct stances on cryptocurrency and blockchain technology, setting the stage for shifts in market sentiment. Trump has boldly positioned himself as the "Crypto President," promising to elevate Bitcoin as a strategic reserve for the United States. His strong pro-Bitcoin rhetoric, coupled with a pledge to fire SEC Chair Gary Gensler—widely seen by the crypto community as an adversary—has fueled optimism among investors. Meanwhile, Kamala Harris's emphasis on tech innovation has kept speculation alive about how her policies might influence the crypto market. The political landscape’s close ties to the crypto industry could be pivotal, especially with the backdrop of regulatory debates involving the SEC and CFTC. Historical Trends and Market Sentiment Historically, Bitcoin’s performance has been closely linked to major political and economic events. Notably, the cryptocurrency has often rallied following US presidential elections, mirroring trends seen in traditional markets like the S&P 500. The Kobeissi Letter's analysis of past elections reveals that 83% of election years have yielded positive returns leading up to Election Day. However, these gains moderated post-election, emphasizing the importance of timing in market strategy. Technical Outlook: Mixed Signals From a technical perspective, Bitcoin’s charts reveal mixed but potentially bullish signals. Two critical patterns are forming on the daily chart: 1. Doji Candlestick Pattern: The emergence of a Doji pattern, which indicates indecision among traders, often precedes significant market moves or trend reversals. This formation suggests that market participants are awaiting key news, such as the election results and the FOMC decision, before committing to a direction. 2. Golden Cross Formation: The market is closely monitoring a potential Golden Cross, a bullish indicator that occurs when the 50-day moving average crosses above the 200-day moving average. While this pattern has yet to fully materialize, it is gradually building momentum, signaling possible upside in the coming weeks. Bitcoin’s Dominance and Macro Environment Bitcoin’s dominance remains robust at 59.2%, a testament to its evolution from a peer-to-peer (P2P) technology to a global financial asset. Amid ongoing concerns about inflation and economic uncertainty, CRYPTOCAP:BTC continues to be seen as a hedge against traditional financial risks. The potential for a 25-basis-point rate cut by the Federal Reserve this week could further boost bullish sentiment for Bitcoin, making it an attractive asset for risk-on investors. Long-Term Optimism Despite Short-Term Concerns Despite near-term worries about a potential market dip or crash on election day, long-term optimism prevails. Analysts are betting on a strong rebound, with Bitcoin potentially setting a new all-time high if bullish catalysts align. The overall crypto market remains in a consolidation phase, but any positive momentum in Bitcoin could see a cascade effect on top altcoins, setting the stage for a robust market recovery.
Long
by DEXWireNews
Happy ATH yes, BTC(USDT) reached the all time on 29th october. Why everyone is so excited ? Not for the monetary positive results, but for the meaning underneath. We, the blockchain enthusiasts and crypto world. The world is oing against us, but we responds well. I am aware of the strong impact that ETFs, CBDC and institutional entites are playing in the last months, all over the world. Europe has changed course, keeping a classical conservative position and restrict cryptos transaction and adoption, and apply illogical taxation. The US is pormoting the new financial world, but in a election context, everything which permits vote to growth is a good investments, what will happen when the new president will be elected is still a question mark. On the other side of the world, governments have adopted a proactive position, giving signs for a wider adoption and a favorable law condiction to permit a wider knowledge diffusion. The main concern to me is that few countries are already leading campaing and informative promotions to spread the knowledge about the whole topic, which is something people, especially the future generations, must to know. And we will find ourselves in a condiction of huge disparitive and informative asymmetry that will led to a economic deficit both under a systematic and financial side. So this All Time High has an important weight in the today economic and financial landscape, beside the simple monetary result. What's next? Let's analysise in the following chart idea. Your M-
by itsmcasalinii
Impact of U.S. Elections on #Bitcoin :🪙 Impact of U.S. Elections on #Bitcoin : The U.S. elections add anticipation and tension to #Bitcoin and crypto markets, but they’re not the only factor. Regardless of the winner, the timing of the elections keeps traders closely watching the market, increasing the chances of significant moves. Summary: Election timing adds momentum to the market, but crypto tends to rise over time. Whether it’s Trump or Harris, the upward trend remains possible due to liquidity and continuous trading #US_Elections
Long
by VIPROSE
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
Bitcoin (BTC): Buyers Took Over The Area of Re-Test!While we were looking for a re-test of a broken zone, we saw that we had some kind of re-test (but very weak and small), while buyers started to take back control near this zone. Yes, we had a re-test but this was not quite the one we were looking for so while we are approaching the end of the week, we are looking for another test and a breakdown from there as well. If we fail to see a re-test again, then most likely we will be testing higher zones (major resistance on a bigger timeframe). Swallow Team
Short
by SwallowPremium
8
Halloween Horror: Avoiding Common Trading MistakesAs Halloween approaches, it’s the perfect time to reflect on the common “frights” that can scare traders away from success. Just like ghosts and ghouls lurking in the shadows, trading mistakes can be sneaky and unexpected. This post will highlight some of the most common trading mistakes, drawing parallels with Halloween themes, and provide strategies for avoiding these pitfalls. 🎃Fear of Missing Out (FOMO) Many traders experience FOMO, which can lead to impulsive decisions, such as chasing after rapidly rising stocks or jumping into trades without proper analysis. This behavior often results in buying at peak prices and facing losses when the stock inevitably corrects. Set Clear Entry and Exit Points: Establish specific criteria for entering and exiting trades to avoid emotional decisions. Stick to Your Plan: Have a trading plan that includes risk management strategies. Review your plan regularly, especially in volatile market conditions. 👻 Overtrading In an attempt to capitalize on every opportunity, some traders overtrade, leading to excessive fees, emotional fatigue, and ultimately poorer performance. Overtrading can resemble a Halloween party gone wild, with too many participants causing chaos. Limit Your Trades: Set a maximum number of trades per week or month. Focus on quality over quantity. Take Breaks: Allow yourself time away from the screen to recharge and refocus. This helps in making more rational decisions. 🕷️Ignoring Risk Management Trading without proper risk management is akin to wandering through a haunted house without a flashlight. You’re likely to encounter unexpected dangers. Failing to set stop-loss orders or to size positions appropriately can lead to catastrophic losses. Implement Stop-Loss Orders: Set stop-loss orders at a predetermined level to limit potential losses. Diversify Your Portfolio: Spread your investments across different asset classes and sectors to mitigate risk. 👺 Emotional Trading Trading decisions driven by emotions such as fear, greed, or panic can lead to disastrous results. Emotional trading is like letting a ghost dictate your path through a dark forest—it's unpredictable and often leads to mistakes. Keep a Trading Journal: Document your trades, including the reasoning behind them and your emotional state at the time. This will help you identify patterns and triggers in your decision-making process. Practice Mindfulness: Incorporate techniques like meditation or deep breathing to remain calm and focused during trading hours. 🦇Neglecting Research and Analysis Many traders skip the crucial step of research and analysis, relying instead on tips or rumors—much like believing in urban legends without questioning their validity. This can lead to uninformed trades and unexpected losses. Conduct Thorough Analysis: Use both technical and fundamental analysis to make informed trading decisions. Stay updated on market news and trends. Leverage Trading Tools: Utilize platforms like TradingView to access charts, indicators, and community insights. [b 🕸️Chasing Losses After experiencing losses, some traders attempt to "revenge trade," trying to quickly recover their losses by taking high-risk trades. This often results in deeper losses and a vicious cycle of frustration. Accept Losses as Part of Trading: Understand that losses are inevitable. Learn from them rather than trying to immediately recover. Take a Step Back: If you find yourself in a negative trading streak, consider taking a break to reassess your strategies and mental state. 👽 Not Adapting to Market Conditions The market is constantly changing, and clinging to outdated strategies can be dangerous. This is similar to wearing the same costume year after year—eventually, it becomes stale and ineffective. Stay Flexible: Be willing to adapt your trading strategies based on current market conditions. Regularly review and refine your approach. Educate Yourself: Continuously seek knowledge through courses, webinars, and market analysis to stay informed about new trends and strategies. As the Halloween season creeps in, it’s time to face the spooky realities of trading! By identifying and confronting common trading frights, you can transform potential pitfalls into stepping stones for success. Remember, every trader encounters challenges, but preparation, discipline, and continuous learning are your best defenses against the ghouls of the market. So, this Halloween, don’t let fear haunt your trading journey. Embrace the tricks of the trade, sharpen your skills, and turn those frights into fruitful opportunities! Here’s to a successful and spooktacular trading experience!🎃👻🕸️
Education
by HexaTrades
Bitcoin: A Bullish Flag? Altcoins, The Merge & 40KThe hammer as a candlestick pattern always works as a reversal signal, regardless if it comes at resistance or support. Bitcoin is moving within a broadening channel, doesn't look like a we have a bull flag on the chart. Each trendline shows three reactions based on candle wick. No sessions are ignored. No candles crossed. Perfect drawing of the pattern and you fail to see a flag. A hammer showed up on the 1-April session and this led to a drop. This happened after several weeks of bullish action, the situation is similar today. After the 5-Aug. session, we have 11 candles (11 weeks) and Bitcoin continues to trade below the high that produced the 5-Aug. low, 70K. These are bearish signals pointing toward lower prices, nothing changes so far based on TA. ➖ Will Bitcoin move down or will Bitcoin grow? Short-term, the chart is pointing down based on the signals mentioned above. If Bitcoin can move and close weekly above 70,000-71,000, everything changes from a TA perspective because we would be looking at a higher high. Right now, the bearish potential remains intact because have a long-term sequence of lower highs. There is also a long-term sequence of lower lows. Let's say Bitcoin drops but recovers before hitting 49K and moves to 72K. This would produce a higher low and the chart conditions change. But if instead, Bitcoin drops and hit 42K, we have a new lower low and unless Bitcoin moves back above the last high, which in this case would be 69,500 (21-Oct.), we would then remain alert for a new lower low. This is how we look at Bitcoin through a chart, but there is more. We have many Altcoins, thousands, and many move and produce the same patterns as Bitcoin but not at the exact same time. Some move ahead of Bitcoin, others lag behind. Since they always do the same, we just need to spot those that moved ahead and use these Altcoins to predict where Bitcoin is headed next. One great example is the Ethereum merge. ETHUSDT is trading at the same level at which it traded back in February 2024. For Bitcoin, this would mean a price below 49,000, around 44,444. Thanks a lot for your support. This wouldn't be the end though. Ethereum moved ahead, if Bitcoin moves down to match Ethereum, Ethereum can move to produce the next step. If ETHUSDT continues to crashes and reaches the same level it traded back in October and September 2023, you know what that would mean for Bitcoin? You can also consider Cardano and smaller pairs, they produce the exact same patterns but being smaller, these moved ahead. While Bitcoin and some of the giants peaked in March, some of these pairs peaked in January others even in December and November 2023, but the bigger chart structure is the same. I am very curious and interested in knowing, do you think Bitcoin will move to 100K before moving lower? If yes, when? Do you think it will take weeks or months? If no, how long do you think it will take before the next major drop? Leave a comment with your opinion, it is very important, it is needed to gauge the market sentiment and what experienced traders know. Feel free to boost if you enjoy the content. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
2
Bitcoin Failed: $30,000 to $35,000 Next!Bitcoin not only failed to breach the $70,000 - $71,000 price range resistance, it didn't even reach it. Just as there was a very strong rejection on the 29th of July when Bitcoin moved above 70K, this time we are seeing very strong selling right at $69,500, below 70K. Lower high confirmed. How are you feeling today my wonderful supporter? I hope you are having a wonderful time. Lower highs lead to lower lows... Bitcoin failed to challenge resistance from what we are seeing on this chart and bearish momentum, while still early, seems to be strong. Five days of bullish action have been obliterated within hours of this Monday, and more than $200,000,000 worth of leveraged positions have been liquidated so far; while some Altcoins are going down, many others are going up. So the market is mixed just as we expected. To be honest, there is no surprise here because this is something that we have been expecting and this is not a bad development/event. The market moves in cycles and within these cycles we have waves. The next low is not set in stone of course this is only a prediction, the $35,720. We have more targets before this level and even after this level and this can be seen by looking at the post with the full trade-numbers ( see here ). The market flush, capitulation, major correction, crash or reset, is something good because it will open the doors for new participants to join the market. It will start a new wave of excitement and it will allow for great entry prices for us to develop LONG positions with low leverage in anticipation of the new 2025 All-Time High. All we need to do now is to wait. Traders can take comfort in the fact that there are hundreds of Altcoins that are growing now and they can enjoy these Altcoins while Bitcoin ends its corrective phase. The good news is that the correction shouldn't last long. Maximum a few weeks. Worst case scenario a few months. The good news is that whatever low we get, this is the final low... After we hit bottom, there is no other place left to go but up! Make sure to follow to show your support. Namaste.
Short
by AlanSantana
65
The key is whether it can rise above the 1st section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) When a new candle is created, you should check whether there is support near 68393.48. And you should also check what movement the StochRSI indicator will show. From the current position, the important support and resistance sections are - 68393.48-71280.01 - 65602.01-65920.0 - 61099.25 The three sections above. If the price is maintained above the HA-HIgh indicator, a full-scale uptrend (stepwise uptrend) is likely to begin. However, it is important how the BW (100) indicator section, 68393.48-71280.01 section, is broken upward. - (1D chart) Therefore, the key is whether the price can be maintained by breaking upward through the first section, 68393.48-69031.99 section. If not, you should check for support near 65920.71-67414.39. Since the HA-High indicator on the 1D chart is formed at the 67414.39 point, the point to watch is whether it can receive support near 67414.39 and rise. - The StochRSI indicator is showing signs of turning upward. However, it has not yet risen from the overbought zone, and StochRSI < StochRSI EMA. Therefore, when a new candle is created, you should check how the StochRSI indicator appears. When the StochRSI indicator falls below 50, the decline is interpreted as a strong decline, but eventually you will find the time to buy. Therefore, when the StochRSI indicator is below 50, it is recommended to create a trading strategy from a buy (LONG) perspective. If you trade from a sell (SHORT) perspective, you need to respond quickly and briefly. The StochRSI indicator is not an all-purpose indicator, but it allows you to know the timing of response and the intensity of the wave to some extent. Therefore, if you use the StochRSI indicator, you will have less conflict about whether to go up or down right now. In addition, since you are more likely to trade in the direction of the trend, you will be able to reduce the number of times you cut your loss. - Due to the changes in the chart, the next volatility period is likely to start around November 4th. So, let's check the overall flow when the new month starts. --------------------------------------------------- If you use the Linear Regression Channel indicator in TradingView indicators, it will automatically draw a parallel channel according to the current price position. You can set the indicator settings to suit you. However, the recommended settings are 50 (Length), ohlc4 (Source). I think that chart tools such as trend lines, channels, and Fibonacci are tools for chart analysis. Therefore, I do not recommend using chart tools to create trading strategies. In order to create a trading strategy, you must have support and resistance points drawn on the 1M, 1W, and 1D charts. If you have drawn support and resistance points, you can create a trading strategy by checking whether there is support at the support and resistance points by referring to the analysis with the chart tool. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
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
A bit more upside for BitcoinHi traders, It looks like the wavecount for the extended wave 5 (red) is invalidated. So I go with the analysis of an ending (or leading) diagonal. Last week Bitcoin started a correction down (wave 4 orange). This looks like a triangle is in the making. So after the finish of the correction down we could see another upmove for wave 5 (orange). Let's see what the market does and react. Trade idea: Wait for the bigger correction down to finish (ideally into the Daily FVG), a change in orderflow to bullish again and after a small correction down on a lower timeframe you could trade longs. If you want to learn more about my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Long
by EduwaveTrading
1
10/27/2024 Bitcoin Idea. It will go down...For now, I believe that the downward ABC is still ongoing. Currently, we are seeing a rise within the B wave of the Green ABC correction. RED ABC- I expect the "Red ABC" to either form a triangle or a flat ABC. If it turns out to be a flat ABC, it would actually be more convenient for trading since the stop-loss would be much shorter. If we enter a position around 69,000 which is end of "Red ABC correction", we can set a simple stop-loss at around the previous high of 69,500 and aim for a take-profit at least around 64,700. This would make for a very favorable risk-to-reward trade. However, since the chart isn’t fully formed yet, we should wait and see.
Short
by hcinteractivegames
6