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BTCUST trade ideas

Bitcoin is mainting strong bullish momentumHey traders, BTC price was rejected from a major weekly level at 69566 and retraced back to another major level which is 67355 and consolidated building a strong market structure then the priced flactuated between minor levels up and down the 1H 66398 and 68844 where the actual price is stuck now during the Chicago and New York sessions. There is a high probability that the price could reach a main level which is the Weekly level of 69566 but be cautious the price might reject back and look for the daily level 67346. In case the price breaks the weekly level of 69566, should you wait for a pullback then long only for long positions targetting the 71591. Keep a close eye on the chart and happy trading!
Long
by YMtradingsystem
BTCUSD - Above all important DAILY moving averagesGreetings friends! Happy to see you after a few weeks hiatus. Here to do a quick 5 minute update on BTCUSD. Plain and simple, we're about to have a major break in structure as btc is coiling right below the major pivot from July 29th at ~$71,000 - if we break that high, the flood gates are likely to open and we could see a move up to ATH and if we break that, the next target is roughly $84,000. There's no price discovery above ATH so it's possible we make volatile moves and things can move quickly. FYI - alts are currently lagging behind but they'll have their day - you may just need to wait a little longer. More details in the video, obviously, but thanks for reading / watching and I hope you're having a great day!
Long
by bitdoctor
BITCOIN - The Next Target: Minimum $118K...After months away from analyzing the Bitcoin chart, I revisited it and identified a straightforward count, clearing away previous complexities to better estimate Bitcoin’s next target. Based on this count, we’re now in Wave v of Wave 5, marking the final movement in this 5-Wave sequence that began in 2008. In this video, I’ll also cover the key levels to watch if you’re looking to trade this move higher. Stop Level: $58,971 Target 1: $118,000 Target 2: $174,000 This is just an idea and is not investment advice. Always trade with caution.
Long
by AriasWave
1
BTCUSDT.1DBTC/USDT daily chart, we notice several key features that indicate potential trading opportunities and strategies. Key Observations: Resistance Levels: The immediate resistance level 'R1' at $72,357.85 represents a significant barrier where previous price action has faced rejections. Beyond 'R1', 'R2' at an even higher level would be the next target if a breakout occurs. Support Levels: The primary support level 'S1' at $65,390.97 is critical. It has recently been tested, and the price has bounced off this level, indicating strong buying interest. The next support level 'S2' is at $59,138.45, which could be tested if there is a significant pullback. Trend Lines: The chart features an ascending trendline that has been supporting the price over the recent period. This trendline is crucial for maintaining the current bullish sentiment. Technical Indicators: Stochastic RSI: The Stochastic RSI is in the lower end of its range, suggesting that the price might currently be oversold, which could precede a potential bullish reversal or at least some consolidation. MACD: The MACD is showing a bearish momentum as it is below the signal line. However, monitoring this for a potential crossover could indicate a shift in momentum. Strategic Approach: Given the proximity to 'S1' and the oversold condition indicated by the Stochastic RSI, there might be a good buying opportunity at this level, assuming the ascending trendline continues to hold. Traders should look for signs of stabilization or a bullish reversal pattern before entering to confirm that the support will hold. If the price breaks above 'R1', it could signal a continuation of the bullish trend, and traders might consider taking long positions with 'R2' as a target. Stop-loss orders could be strategically placed just below 'S1' to protect against potential downward movements. Conversely, a break below the ascending trendline and 'S1' could indicate a shift to a bearish trend, necessitating a reevaluation of the bullish stance. In such a scenario, the focus would shift to 'S2' for potential short positions or to watch for further declines. Conclusion: The BTC/USDT pair is at a crucial juncture, with potential for both upward and downward movements. Traders should remain vigilant and react to price actions near these critical technical levels. It's essential to monitor further developments in the technical indicators and adjust strategies accordingly while maintaining sound risk management practices to navigate the inherent volatility effectively.
by MarsSignals
BTC/USDT.P UpdateNew week, new start. Here we are closing the week without any new bullish momentum which makes me suspect we are gonna need to seek out more liquidity before breaking above this trend line level. I've in this daily tf chart marked potential levels of where it could retrace to. It would be a swing trade or you can see this as potentially building your position before the bull rally starts to finally break that ATH into price discovery. I still think you need to trade with risk management regardless, because there are a lot of potential event volatilities coming up in the near future. I'll be scalping more in streams and swing in these market updates. Trade safely!
Short
by Nate36989
Double 1-2, expanded flat correctionsIntroduction Bitcoin ended an impulsive wave last week, into mid term resistance piercing trough it and testing it as support. Inflows are increasing with these higher prices , giving liquidity to the market. If bitcoins manages to break last local low, the probability increases of trapping early longs in a false breakout to new all time highs Analyzing the 12h chart Accumulation / Distribution indicator showing an head and shoulders pattern and hidden bearish divergence with current priceaction The rate of change of the ATR and Accumulation/Distribution indicator showing overbought signals at high valuations, if these indicators can cool of on sideways priceaction bitcoin can be worth a buy again, otherwise priceation will follow these indicators to the downside Possible elliot wave count indicating a deep retracement as previous 1-2 count Riskmanagement Price should not go above the beginning wave 1 = Stoploss If price goes under the end of wave 1 = stoploss at wave 2 Targets 50% / 61,8% / 78,6% Fib retracements Green diagonal support Green rectangle box
Short
by Delzeyne
BTC LONG TP:68580 1 HR 25-10-2024This analysis is based on a 1-hour timeframe, with an expectation to reach its target within 24 hours. If the target is not met within this period, the analysis will be considered invalid. It is recommended to close or protect the position, or to ignore it if it has already been executed. **Disclaimer**: The information provided in this analysis is for educational purposes only and should not be considered financial advice. Trading involves risk, and you should only invest what you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Long
by ReyDragon21
Eyes on BTC since Jan 2023 BTC has been up, It’s trading near all-time highs and not showing any weakness. I’m expecting seek-and-destroy (S&D) formation by market makers. Where buyers and sellers are taken out, you’ll notice millions being liquidated in the crypto world. This can occur after the US election. Once S&D is over makers will push prices accordingly. At the moment most BTC holders are in profit after engineering lows makers can buy it at a discount why I’m expecting S&D? when the price is near ATHs or ATLs and a big news event is nearby market makers tend to create an S&D situation where at some point normal retailers believe the price will continue further and at some point they will expect a reversal. In a way, retailers are taken out resulting in the market maker’s favor. So the last bearish leg can be their best buying opportunity if market makers want it to pump further
Long
by zanymmxm
#BITCOIN ⟶ READY TO EXPLODE?!#Bitcoin Analysis - 1-Hour Timeframe As long as #Bitcoin remains above its weekly support at 66963.27 on the 4-hour timeframe, its bullish trend is likely to continue. One potential growth pattern is a rising wedge, as shown in the chart. In a bearish scenario, before resuming its growth, it might retest the 66963.27 support level. #Bitcoin's next growth targets: Target 1: 69033.05-69195.52 Target 2: 69697.40 Target 3: 70192.76 Target 4: 71482.50 Target 5: 73905.50 Note: Target 2 is a significant resistance level. A re-evaluation of the chart after reaching this target is essential to determine if the growth will continue or if a correction will occur before further growth. Stop-loss for this growth plan: A breakout below the weekly support level of 66963.27 on the 4-hour timeframe. In this case, the trend remains bullish according to my previous analysis, but a drop to the previous low before the growth is likely. This analysis represents my personal opinion, and you are solely responsible for your decisions. Wishing you the best!
Long
by Eldorado_Land