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BTCUST trade ideas

BITCOIN going to 58k?!The probability of this playing out increases significantly if we complete the 5-3-5 sharp pullback. As I've mentioned before, this looks like the final shakeout. My initial prediction of 57K is still in play, and we’re currently aligning with that thesis. While there’s a slight margin of error around the 69K mark due to overlapping structures, it doesn’t invalidate the overall outlook. This thesis will provide a deep insight into how the market reacts in the coming days. Even with a sharp pullback, it's a healthy correction before the final shakeout.
by OnehundredBTC
The importance of explanation of the basis (Title) The important thing in chart analysis is the explanation of the basis. Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- You need to read the explanation below to understand the points, sections, and volatility periods that I'm talking about. However, for those who don't need that, I'll briefly explain it first. Support section 1st: 65920.71-67414.39 2nd: 61099.25-62540.0 Resistance section 68955.88-72078.1 The next volatility period is around November 7th, so the point to watch is which section of the section I mentioned above it is located in after passing this volatility period. ------------------------------------------------- (BTCUSDT 1D chart) The StochRSI indicator is showing a downward trend after approaching the highest point (100). The StochRSI indicator used in this chart is an indicator created by changing the formula of the general StochRSI indicator, so there may be a slight difference from the StochRSI indicator you are actually using. The setting values ​​of the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D). In any case, since the StochRSI indicator is showing a downward trend, it seems likely to lead to an additional decline. However, if the StochRSI indicator has not fallen from the overbought zone, there is a possibility of a rebound, so it is necessary to check the support and resistance points formed at the current price position. The current price seems to be located near the Mid (50) indicator and the HA-HIgh indicator is about to be newly created. Therefore, if the HA-High indicator is created at the 67414.39 point, the support around that point is an important issue. Since the HA-High indicator of the 1W chart is formed at the 65920.71 point, we can see that the important section is around 65920.71-67414.39. - If the HA-HIgh indicator of the 1D chart is newly created, the HA-High of the 1D chart > HA-High of the 1W chart > HA-High of the 1M chart, so the regular array of the M-Signal indicator, which is a trend perspective, is expected to create a regular array from the post-trading perspective as well. If this regular array state is created, it is more likely to create a new upward wave, so it is more advantageous to look at the market from a long (LONG) perspective. Therefore, it is expected that the important point of observation will be where support is received at this initialization of the StochRSI indicator. The initialization of the StochRSI indicator means moving from the overbought section -> oversold section, oversold section -> overbought section. When this initialization process is performed, - When falling from the overbought section, - When located in the middle point, - When rising from the oversold section, Volatility is likely to occur when passing through the three areas above. - Considering the importance of support and resistance points, the movement of the StochRSI indicator, and the M-Signal indicator, it is expected that the upward trend will continue if the price is maintained above 62540.0. If possible, we should check if it can be supported and rise near 65920.71-67414.39. If the BW (100) indicator on the 1D chart is not regenerated, it is expected that a full-scale uptrend will begin only when it rises above 72078.1. Therefore, from the current price position, it is expected that how it will break through the 68955.88-72078.1 range will have a major impact on the future trend. The next volatility period is around November 7. - (1W chart) If you look at the 1W chart, you can see a clearer movement than the 1D chart. ------------------------------------------ I think trading is classifying the support and resistance points drawn on the 1M, 1W, and 1D charts according to importance and creating a trading strategy accordingly. This is what I said in the previous idea about why support and resistance points are important. In order to classify the importance, you need to look at how densely the candles are arranged. In other words, you need to look at how many sideways sections are created. You can also use the Renko chart for this. If you share and use this chart, the HA-High, HA-Low, BW (100), and BW (0) indicators form the most important support and resistance points when trading. And the next important indicators are the Mid (50) and OBV 0 indicators. To check this, draw the indicators formed on the 1M, 1W, and 1D charts, and they will immediately act as support and resistance points. - Although the coin market is a market that follows trends, you cannot know everything from the trend. In other words, you need support and resistance points and the StochRSI indicator to check volatility. If you don't check this, I don't think it's easy to check volatility. I explained how to check trend lines and volatility periods with the previous idea. I'll take the time to explain it again next time. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to touch 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
BTCUSDT.1DBTC/USDT daily chart, the current market setup presents several noteworthy features indicating potential trading strategies. Key Observations: Resistance Levels: The chart identifies 'R1' at $72,357.85 as a critical resistance level. This peak is aligned with previous price reactions, indicating its significance for future price action. Support Levels: Support is established at 'S1' around $65,390.97, with a further support level 'S2' at $59,138.45. These levels have historically served as crucial junctions for price stabilization and potential reversals. Trend Lines: There's a descending resistance line that has recently been broken, suggesting a potential change in the market's direction to a more bullish stance. Technical Indicators: Stochastic RSI: The Stochastic RSI is in the mid-range, which offers room for movement in either direction without immediate pressure from extreme conditions. MACD: The MACD is showing a bullish crossover below the zero line, which could be indicative of building bullish momentum, especially if it continues to ascend and crosses above the zero line. Strategic Approach: Given the breach of the descending resistance line, my focus would be on potential bullish momentum building towards 'R1'. If the price sustains above 'S1', I would look for entry points on minor retracements, targeting 'R1' with a close watch on volume and further indicator confirmations to validate the move. Should the price fail to hold 'S1' and moves towards 'S2', it would suggest a weakening of the bullish scenario, possibly turning my strategy towards defensive plays or short positions, targeting 'S2' as the next substantial support level. Conclusion: The BTC/USDT pair is showing signs of a bullish reversal with the recent breakout. Traders should monitor the price action closely as it approaches 'R1', which will serve as a significant test of the current bullish sentiment. Adopting a strategy that includes tight stop losses and pays close attention to further indicator signals will be crucial in navigating the expected volatility. As the situation evolves, maintaining flexibility in response to price movements and indicator developments will be key to capitalizing on this dynamic market.
by MarsSignals
1
$BTC Closed Outside 250D Range - PREPARE 4 BLAST OFF14 days until the next Rate Cut, and the following day is the Presidential election 🇺🇸 CRYPTOCAP:BTC just closed its Weekly Chart outside a 250 Day accumulation range. You’ll never see $60k Bitcoin again. You should be FULLY deployed by now. Spot Only. NO LEVERAGE. Don’t be a trader. Sit on your hands the next 12 months and just follow the charts for indicators on when to sell and the TL for euphoria. CRYPTOCAP:USDT.D should be your main focus on when to exit the market completely.
Long
by jonnieking
Alikze »» BTC | Bullish angle pattern | bullish channel - 8H🔍 Technical analysis: Bullish angle pattern in the bullish channel And the pullback is broken into the swing - According to the movement scenario predicted in the previous analysis , by forming an ascending diamond pattern, it managed to break the dynamic trigger and move towards the supply areas. - It is currently moving in an ascending channel in the 8H time frame. - With the formation of an ascending corner pattern, it is undergoing a temporary correction to the green box. - Therefore, it can encounter support after correction in the green box area and continue its growth up to the supply range. 💎 In addition, if the correction is sharp, there will be a possibility of breaking the green box, up to the range of 62500. 💎 So, in case of zigzag correction in the green box area, it can meet the demand and touch the target of the supply area. ⚠️ In addition, if below the area of ​​62500 candles, the bullish scenario will be invalidated and should be re-examined and updated.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« MEXC:BTCUSDT
Long
by alikze
BTC Astrological PredictionsBased solely on astrological predictions, here’s a speculative forecast of Bitcoin’s potential highs and lows for the rest of 2024 Key Events: Mercury Retrograde and Jupiter-Saturn square. Expected Impact: This period is crucial, marked by volatility, confusion, and unexpected market reactions. Astrologically, these alignments can disrupt confidence, leading to market declines. Predicted High: Around $68,000, close to current levels, before the potential decline. Predicted Low: $35,000 to $40,000, assuming a strong negative reaction to these astrological events. Mid-December 2024: Key Events: New Moon in Sagittarius on December 12. Expected Impact: This new moon brings a fresh start, encouraging optimism in speculative assets like Bitcoin. After potential sharp corrections in early December, Bitcoin may start recovering. Predicted High: Around $50,000 as recovery begins. Predicted Low: $35,000 to $40,000 if volatility continues. End of December 2024: Key Events: Full Moon in Cancer on December 26. Expected Impact: This aspect typically brings heightened emotional responses and could spark further volatility. While Bitcoin may stabilize somewhat after early December corrections, emotional reactions could trigger further sell-offs or price jumps. Predicted High: $55,000 to $60,000 as optimism builds. Predicted Low: $45,000, depending on market reactions. Summary: The remainder of 2024 appears to be marked by volatility for Bitcoin, with major astrological events driving potential highs and lows. Early December stands out as a critical period for potential price drops, with recovery beginning in mid-December and continuing toward the end of the year
Short
by AstroRITA
2
CONGRATULATIONS IF YOU SHORTED THAT! NEXT PLAY We got a juicy trade off the trendline we have been watching, congratulation is you shorted that, patience paid. For my next play, I am watching for a continuation short, but will also be watching successive pivot points for a potential SFP. Watch video for full commentary For any of these plays, I want to see a flip in structure on the 15-minute chart or higher before entering. Let’s be ready! Make sure to follow for regular updates and insights! 🔔💡 🔔Enquire for 121 lessons / academy #500FOLLOWERS 🎉 #500GIVEAWAY 🎁
by Trade-Journal
CONGRATULATIONS IF YOU SHORTED THAT - MY NEXT TRADEWe got a juicy trade off the trendline we have been watching, congratulation is you shorted that, patience paid. For my next play, I am watching for a continuation short, but will also be watching successive pivot points for a potential SFP. Watch video for full commentary For any of these plays, I want to see a flip in structure on the 15-minute chart or higher before entering. Let’s be ready! Make sure to follow for regular updates and insights! 🔔💡 🔔Enquire for 121 lessons / academy #500FOLLOWERS 🎉 #500GIVEAWAY 🎁
by Trade-Journal
2
Bitcoin Breaks $67K: Bullish Momentum Points to $70K TargetDaily Trend and Momentum Daily Moving Averages and Volume Profile Technical Analysis: Bitcoin continues to demonstrate strong bullish momentum on both the daily (1D) and 4-hour (4H) timeframes. The price is trading above $67,600, having successfully broken through key resistance levels around $67,000 and pushing towards the psychological $70,000 mark. The RSI(4H) is at 73.44, signaling overbought conditions, but the MACD(4H) remains bullish, reinforcing the strength of the uptrend. On the daily chart, the RSI is at 67.81 and has not yet reached extreme overbought conditions, providing room for additional upside potential. The MACD(1D) line continues to diverge positively from the signal line, with increasing green histogram bars, indicating strengthening momentum. Price action remains well above the supportive 50-day EMA at $62,403 and the 200-day EMA at $60,377, reaffirming the longer-term positive trend. News Impact: Recent crypto market news has been largely supportive of the rally. The market is bolstered by the surge in Bitcoin dominance to over 58%, signaling Bitcoin's leadership in the broader crypto market. Additionally, there has been no major negative news regarding regulations or institutional interest that would hinder the growth of Bitcoin. The consistent rise in Bitcoin futures open interest points to continued institutional involvement, further supporting the uptrend. Market Sentiment: The Crypto Fear and Greed Index is currently at 73, reflecting a 'Greed' sentiment, which aligns with the bullish market environment. TradingView ideas predominantly forecast further gains, with many setting targets near or above the $70,000 mark. A few community members are cautious about potential short-term corrections, especially near $69,000, but the overall sentiment remains positive. Analysts project Bitcoin to push higher, potentially reaching the $70,000–$72,000 range in the near future. Conclusion: With the ongoing bullish momentum and the strong technical structure supporting further upside, maintaining the current long position is the best course of action. Although there are overbought signals in the 4H timeframe, the broader 1D trend remains favorable for continued gains. Setting a stop-loss around $66,500 would help manage downside risk while aiming to capitalize on the next leg towards $70,000. Decision: MAINTAIN LONG Confidence Score: 0.89
Long
by AI_Trader_Mina
1
BTC/USDT Chart Analysis Update!!Bitcoin has continued its bullish trend within the established channel. The price faced resistance at the high of $72,000, which aligns with previous resistance areas marked on the chart. Currently, Bitcoin is hovering above a key support level, and a successful bounce off this level could take the price toward the target of $78,000, as indicated by the upward trajectory. The moving averages continue to support this bullish sentiment, suggesting that the momentum remains positive. Given the ongoing price action, traders should keep an eye out for a strong breakout or potential pullback above the resistance zone that could provide a buying opportunity at lower levels. Monitoring these levels will be crucial to understand the next significant move in Bitcoin’s price trend. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
1
Bitcoin Decision is Here!Hello, traders! Today, we’re going to analyze BTC in a weekly timeframe. In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening. A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of $73.7k. On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation. We’ll wait for the weekly close and see what BTC has in store. Trade safely!
by Dexter_The_Trader
1