BTC TOWARDS THE ELECTIONSTomorrow is the big day, all assets might break down and aim at lower lows and key levels, espcially in the US ;
USD, GOLD, BTC and NASDAQ will all be touched by this ;
BTC has already broken and will confirm tomorrow.
BULLUSD trade ideas
BTCUSD LONG FOR TARGET 69392At current label BTCUSD buy for the target of 69392 with a small stoploss 68749
BITCOIN - BTCUSD - SWING IDEABitcoin is currently testing the 0.5 Fib Area along with the market structure Resistance. We can LONG after it breaks the 69,900 Level and aim for ATH (All Time High).
Otherwise, in case of a breakdown, we can look for a small scalp/trade.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
BTC possible touching 100K set up.Bullish indications:
Bullish flag break out in weekly frame.
hammer candle from the trend line support.
Resistance broken at 69546
Based on AB=CD Expecting the target to hit 100000.
Higher high and higher lows.
Moving average 20 is respected.
Forming bullish divergence in 2 hr time frame.
Need to wait for the bullish pattern to enter the trade along with moving average confluence.
Bearish indications:
All time high respected and rejected from resistance by making double top formation.
MA is above the candles in 2 he time frame.
Saturday 2nd November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
I dont trade crypto or follow Crypto news, My technical analysis is just for fun & to practice.
UPTOBER ENDS Bitcoins monthly close is behind us and it's an interesting one...
For most of the last day of the month BTC was above the previous monthly close high of $71,413.40. However, Bitcoin failed to close above that level coming up 1.67% short.
Despite this the monthly candle is very strong, historically October is a good performer hence the "UPTOBER" nickname and this time around was no exception with an +11% move. I said in a previous post that a retest of the '21 ATH @ $69,000 is possible and likely, in the last 8 months BTC has routinely rejected off this level with no acceptance above, just SFPs galore. This is the chance to retest and accept as new support. that would set up a move for ATH and above.
Q4 so far has been positive, we know that this month will be a strange one as the US election is in a few days and can sway markets so volatility can be expected. In the end I think the trajectory is new highs by the end of the year.
$btc long we retested falling channel breakout zone , btc 69400 support holding well here , entries and exists in chart . lets see if we break All time high
Bitcoin PoundLike in recent post I mentioned two possible bitcoin scenarios. My most recent post was a sell around $69,000-$73,000.
Scenario two was a break above 69,000 to 73k
Right now if the rejection right before the all time high goes back to 69k there are two possible scenarios.
Scenario 1: A buy back towards 73k and a break to 79k.
Scenario 2: would be a entry on the sell to 42k
Good luck!
BTCUSD BULLISH BTCUSD is expected to move higher as bullish momentum builds, indicating potential for a sustained upward trend. Key support levels are holding strong, while indicators point toward increased buying pressure, suggesting a favorable environment for long positions. Traders may look to target higher resistance levels, with a focus on managing risk through appropriate stop-loss placement
BTC about to create a new highPrice has been bullish on BTC and currently price is moving to create a new high
Bitcoin (BTC/USD) Technical Analysis Summary:
- Timeframe: 1-hour
- Trend: Ascending channel
- Key Indicators:
- 100-period SMA: BTC is trading below this level, showing short-term bearish sentiment. A reclaim above the SMA could indicate bullish momentum.
- MACD: Currently bearish, with the MACD line below the signal line and a negative histogram, suggesting selling pressure.
- Support Levels:
- Channel Support: Around $67,000. This level is crucial; a break below could signal a trend reversal and potential downside toward $61,800.
- Resistance Levels:
- Channel Resistance: Near $72,000. Breaking above this could indicate a continuation of the bullish trend.
- Volume: Low volume suggests limited strength in current price movements. Watch for increased volume near support or resistance to confirm a breakout.
Summary: BTC is testing the lower boundary of its ascending channel near $67,000. Holding this support could provide an opportunity for a rebound. However, a break below this level with increased volume may signal a bearish reversal.
BTCUSD BUY ANALYSIS FALLING WEDGE PATTERN Here on Btcusd price form falling wedge pattern and try to move up so if line 69197 break than means the price is likely to move more up and trader should go for LONG and expect profit target of 70412 and 72032 . Use money management
Personal Opinion What we’re focusing on right now is that there’s an important support line that doesn’t want to break at this moment. However, the positive news from the U.S. election—if Trump wins—might help it dip a bit further before making a stronger upward move.
BTC EXTREEMLY BULLISH ON WEEKLY CHART!!🚨 Warning: For the brave-hearted only! 🚨
BTC is looking extremely bullish on the weekly timeframe! We just saw a hammer candlestick form at the “bottom” of this trend — a textbook bullish reversal signal! 📈
🎯Targets🎯
I have a minimum target of:
35% to 52% upside based on the recent price structure and strength of this hammer. 📊
Invalidation
🔴 Invalidation: If we break below the previous low on this chart, that could spell trouble, but until then — it's game on! 🎯
Disclaimer: 🚨 This is not financial advice — As always, trade responsibly and make sure to double-check which way is “up.” 😂
R/S Flip at $69k InvalidatedThat's the second wick below $69k in 3 days. Based on the number of times that has happened since BTC first engaged with the 2021 Top in March, it's a good indication that price is likely to go down further.
The next levels of technical support are at the 2021 Mid-Cycle Top at $64.8k and the 21-Week Moving Average, currently around $62.7k
Long term Bitcoin plan of action.This is what I envision for Bitcoin up until 2030. I believe this current 2 week candle will close as a doji and then the following weeks after the US elections to be bullish. Bitcoin peaks around $93,236 based on fibs. Distribution will take place and price will thenhave a 50% to 60% bear market retracement that takes the chart into 2027 or 2028. That's where the market will bottom at around $45,000. Once renewed enthusiasm comes back into the market there will be a parabolic move skyrocketing Bitcoin to $336,000 where it will consolidate for some time having 40k + and - swings. After redistribution, hyperbitcoinization starts to become a reality around the world with one country after another making it their standard form of payments. At this point, there will be no top, at least not in our lifetimes. Bitcoin will continue to rise as global adoption takes place and by 2140, the year the last Bitcoin will be mined, you will use your Bitcoin to do anything. As Michael Saylor puts it, "There is no second best."
BTC range rotation? BTC closed below the Value Area High (VAH) of the range, suggesting that the next likely move could be towards the Point of Control (POC) at 66-67k and the VAH of the range at 60k+. Will we see a range rotation?
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin Daily Chart for October 25, the "Interim Rebound" in Bitcoin has successfully concluded the Main Inner Coin Rally at 73300. It has subsequently retraced to the support level of 69400. This level represents the inverse of the previously completed Inner Coin Rally at 69400. We anticipate initiating a primary rebound, which is expected to support a recovery that will retest the Key Resistance at 73200. This movement will align with the completion of the Main Inner Coin Rally at 73300 and may lead to further progression into the next phase of the bullish trend, designated as the Next Inner Coin Rally at 78500 and beyond. Conversely, we project a potential additional pullback to satisfy the criteria of the newly established Inner Coin Dip at 66200.
BTCUSD weekend trade.Hi traders this is my trading I dea for BTCUSD this weekend however market is moving slowly weekend but as you can see we just hit support after a strong pull back,does this means market is crashing no,market doesn't move in one direction eventhough is trending up,the only things that you need to know as a trader,is to know when to buy n to sell exactly by the right time,however market when it hit support or resistance it doesn't just turn n goo Immediately,it moves accordingly,this is how the system works,soo you just need to work on yourself n how you handle the situations.
BTC 4 Seasons CycleWhat I came up with is that in the bullphase Bitcoin tops out in Winter/Spring 🟦/🟩
Last cycle we had a double top but you would only miss out on 4-8% while saving yourself the headache of a 50% drop in summer 🟥
In the bearphase we bottom usually in Fall/Winter 🟧/🟦
I dont know how people can call for 48-55k or something else it would take us another year then until Winter to get back up and top out and to drop in 4-6 Months in Summer to the bottom its not usual for Bitcoin to do that.
It takes Bitcoin around 350 to 400 Days to hit the bottom you can see it in the picture below
BTCUSD sentiment we have HTF low taken while retesting a daily IMB, we have displacement to the up side we either enter of the breaker stops at the low target -2 on the standard deviation or enter of the o.62 optimal entry stops at the low and target a 1:2RRR.
