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BTCUST trade ideas

NOT NOW !@TradeWithMky ! ### **Analysis:** On the **daily timeframe**, Bitcoin is showing strong upward momentum after a significant pullback from prior levels. Let's break down the key elements: 1. **Resistance Zone**: The red zone at the top (around $68,300 - $68,700) highlights a **major resistance area**. The current price is testing this supply zone, and we can expect potential selling pressure at this level. Traders might be placing **buy stop-losses** above this resistance to catch a breakout. 2. **Fair Value Gaps (FVG)**: The chart also highlights multiple **Fair Value Gaps** (FVG): - **FVG (Daily)** and **FVG (4H)** (Green Zones) between $61,700 - $64,000 indicate potential areas where price could retrace and find support if it drops. These gaps often act as strong support or re-entry points after a bullish rally. 3. **Support Level**: A key **support** level is marked at **$61,774**, which aligns with a previous breakout zone. This is where price action could stabilize or bounce if a pullback occurs. 4. **Previous Major Level**: The blue zone at the bottom, around **$52,000 - $56,000**, is labeled as a **major support level**. This area served as strong demand in the past and could play a significant role if the price dramatically retraces. 5. **Uptrend Line**: The yellow upward sloping line shows a clear bullish trajectory in the short term. Bitcoin is moving upwards with strength, but it is essential to watch for any signs of weakness around the resistance level. 6. **Rejection or Breakout?** The key question here is whether Bitcoin can break through the $68,300 - $68,700 resistance zone. If it does, we may see a continuation of the bullish momentum. Otherwise, a rejection here could lead to a retest of the lower support zones. --- ### **Conclusion:** Bitcoin is approaching a pivotal resistance, and traders should watch for either a **breakout** or a **pullback** to the FVG and support zones below. With stop-losses potentially getting triggered above the resistance, volatility could increase in the coming sessions. --- #Bitcoin #BTC #CryptoAnalysis #FairValueGap #Resistance #Support #Breakout #TradingView #PriceAction #CryptoTrading --- This analysis provides a concise view of potential movements while utilizing key technical concepts like resistance, support, and Fair Value Gaps (FVG).
Short
by TradeWithMky
Trading Signal For BTCUSDT Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin (1h) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 65400.00 ⭕️SL @ 64300.00 🔵TP1 @ 69000.00 🔵TP2 @ 70800.00 🔵TP3 @ 73000.00 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
15
#Bitcoin Update – 19.10.2024As-salamu alaykum and Good Morning to All Brothers and Sisters! #Bitcoin has followed every step just as predicted in my last analysis, Alhamdulillah! We’ve successfully broken through all the key resistance levels, including the Red Line (Arrow #5) and the critical 64854 level (Arrow #6). This is a huge accomplishment, and Bitcoin has now surged to reach our old all-time high, touching 69,000 (Arrow #4) right before the weekly close. A truly remarkable moment! What's Next? As mentioned in my previous analysis, a new wave has started with the breakout of the 65342 level. This wave has the potential to take us all the way up to 80K! However, we still have several major resistance levels to overcome. The first challenge is the 69K level, followed by the bottom of the Blue Area (Arrow #3), the top of the Blue Area (Arrow #2), and finally, the top of the Yellow Area (Arrow #1). Once we clear these obstacles, Bitcoin could fly toward the highly anticipated 80K mark. However, after reaching these key resistance points, a slight retracement is likely. You can see the Blue Lines on the chart – these are the critical retracement points where we may see the price pull back. Let’s see from where the market decides to reverse, as these levels will give us more insight into the next move. Bearish Scenario: On the downside, for a bearish reversal, the key level to watch is the Red Line. If the price falls back below this line, it would signal the beginning of a potential bearish move. Another key indicator of a bearish trend would be if Bitcoin breaks below the second Blue Line (BOLD). Stay cautious and keep an eye on these important levels. #Alts (Altcoins) Talking about #alts is a bit tricky right now, as Bitcoin dominance is rising alongside its price. This makes it more challenging for altcoins to gain momentum. There's a noticeable difference in the trading volume between Bitcoin and altcoins at the moment. However, we’ve still managed to hit many Take Profit points in our signals group, which is great news! I’ll continue to monitor trending coins and keep updating my altcoin list as new opportunities arise. Stay tuned for more updates, and as always, I wish you all a profitable and successful week ahead. Let’s keep the enthusiasm high and make the most of this market! Have a fantastic day!
Long
by MoonTradingForecast
2
BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight. we can see that we could form a Diamond Figure (Pink) to 0.618fibo i don't show indicators but i can say : Monthly chart show clearly that we are still going down. Weekly chart have indecision on indicators. Daily chart have inverted indicators. we have 3 clear resistances formed by EMAS to breakout : EMA 50 ---- 7200 EMA 100 ---- 7600 EMA 200 ---- 8000 possibilities after breakout : 1. we could fly to 9000 (DIamond Finished + 0.618 FIBO ) 2. we could fly to 8400 possibilities with Rejection : 3. we could retrace one more time to 3700 before a new push. ( Traditional Support ) My advice for now is to wait as spectator and wait for a dip or a breakout. Happy Tr4Ding & Stay Safe !
by thecryer
21
Bitcoin Is Headed Toward $35,720... Whales vs Retail!After 75 days of bullish action, Bitcoin is still trading within a lower high below $70,000 (29-July). This tells us that all the action between 5-August and present day forms part of an inverted correction. No new highs means bearish. Current price action confirms that there is no bullish momentum. Current price action confirms there are no buyers at these levels and even whales have a limit, they are running out of buying power. You can manipulate Bitcoin's price and push prices up artificially, hoping that people will jump in and start buying to later sell when a wave develops, but what happens if no real buyers show up? This manoeuvre can turn into a very costly manipulation play, unless of course you are also active and ready with a SHORT. The truth is that the manipulating whales will not lose and that's ok, nobody cares about that, but it seems people are not stupid enough to buy at the top. Or maybe they can't because they already bought in February, March, April, July, etc. and are waiting for 100K and yet 100K doesn't show up. What would be the best way to say it... Bitcoin "needs" a correction? The market "wants" a correction? Or is it that people are just too smart nowadays to get caught in the same game that has been repeated over and over again? In the past you just needed two TV commercials, a news article and positive review and everybody would rush to buy at the top. Right now, it seems that people are ready to study an entire cycle just watching from afar and waiting until being ready before taking action. You can't fool us anymore. You can say it will go up not to 100,000 but to 3,000,000 and nobody cares. We've been fooled before, not by Alan, but by the big names. All the big names gave us signals that were perfectly timed to be perfectly wrong. They told us over and over, for years, nah, for decades; sell at the bottom and buy at the top. We are at the same juncture once more. The whales are desperate telling us to buy, but we can see clearly that prices are up. When prices hit bottom, they say it is the end, "it is not too late to sell everything" some even said, and then everything goes up. We are fine, we can wait; in fact, we don't have any other choice. We learned through experience and we know better than trusting media personalities when we have our own minds, our own brains and we can reach conclusions on our own. There are no kids around, we are all adults. We will wait for the crash and buy when prices are low. You can take your profits but you can't fool us anymore. Namaste.
Short
by AlanSantana
75
Bitcoin Enters Bullish Territory? Chart DynamicsBitcoin is about to enter bullish territory. If we get a move and close above the $70,000-$71,000 price range, Bitcoin is now in bullish territory as the lower highs chart structure breaks down. (A break above 70,000 would produce the first higher high.) At this point, if it happens, we do not LONG Bitcoin. Instead, we focus on the Altcoins and those pairs/projects that are trading low/near support. If Bitcoin moves and closes above $70-$71,000, the doors are open for additional growth but we would only enter at support after a correction. As long as Bitcoin remains below $74,000 strong possibility remains for a sudden crash but after breaking 70/71,000 the lower low scenario becomes less likely. The only thing that would change for our map in the case of a bullish break of resistance is the removal of the lower low scenario (this is positive). I repeat, we do not LONG Bitcoin at resistance (here) but instead focus on those pairs/projects that are trading really low and near resistance. These will offer a much better risk/reward ratio. If Bitcoin moves above resistance, the fact will remain that it has been rising for more than 75 days and a correction can happen anytime. We do not buy at resistance but at support. Our entry would be only when a support level is activated. Currently Bitcoin is trading below the mentioned levels and thus the lower low scenario remains valid based on technical analysis. ➢ Bitcoin's bearish potential remains intact. Thank you for reading. Namaste.
Long
by AlanSantana
31
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
BTC Bitcoin UpdateIf you haven`t bought BTC before the rally: nor sold the top: Now Bitcoin could be positioned for a rally toward $69,000 as U.S. major stock indices hit record levels. Historically, Bitcoin has shown a strong correlation with broader market sentiment, particularly during periods of risk-on trading. With investor confidence growing in the stock market, crypto assets like Bitcoin may also experience increased buying interest. Institutional investment could play a key role in pushing Bitcoin to new heights, especially with the favorable macro environment as GDP - in line with expectations today - and the recent 50bps rate cut.
Long
by TopgOptions