BTCUSD READY FOR BOOOOOM!
the chart that I saw was so real, and I had a view that exceeded all targets from all analyzes; i don't know it's 80k, 100k, 120k, or 200k, I can't say the number because it exceeded all of that
BULLUSD trade ideas
BTC USDTOctober rally is may be on the way...
We can see 75-76k $ in Short-term.
64-65k $ is local support.
79-80k $ can be hit for liquidations.
Don't overlevarage.
Use tight risk management.
#BTCUSDT Potential 120K Incoming! **Swing Entry:** 72,000 - 68,000
**Targets:** 95,000, 110,000, 120,000
**Stop Loss:** 58,000
Stay informed and manage your risk wisely! 📊💼
Bitcoin to 90kBitcoin is bouncing off levels perfectly in a bullish move. It has also hit fib retracement levels perfectly. It has broken out the weekly range. Looks like according to the range size the next move can be to 90k.
I take it this is it....Buckle up and I will see you on the other side. Don't forget to cash out profits on the way up. Otherwise you will be panic selling on the way down.
BITCOIN BULLISH 1-2/1-2/1-2 leading to 100K+?!Based on the current distribution pattern of the shorter timeframes, I think we are going to be putting more slightly more weight to the very bullish, impulsive idea (1-2/1-2/1-2) for this week, based on the current data given.
This is because the correction depth required followed by the larger diagonal is losing strength. Of course, we will flip flop back and forth until one of them is achieved, but right now, the only depth of correction achieved is from the immediate pivotal Fib levels.
Election uncertainty surgesThe retreat by traders underscores concerns about market volatility ahead of the election, with Bitcoin prices highly responsive to political dynamics.
Bitcoin major trend According to the Cup and Handle pattern and Elliott wave theory, Bitcoin is looking bullish. We will then find good prices to hold and take profit when wave 3 of the Elliott wave ends.
BTCUSD may resume its upward trendOn the daily chart, BTCUSD stabilized after falling back to the previous demand zone, and there is a rebound demand in the short-term market. At present, attention can be paid to the resistance near 70,000. If it breaks through, it is expected to continue to rise. The upper resistance is around 73,600. If it breaks through, it will open up space for upward movement. If the price falls below the support near 65,000, a downward trend will begin.
US Elections impact on BitcoinHistorically, no matter who wins the elections, Bitcoin wins:
- Bitcoin’s supply capped at 21 million coins;
- Immutable monetary policy;
- While governments will continue to print money;
- And expanding government debt;
Volatility is only short-term.
Here's why:
Like Paul Tudor Jones said, "All roads lead to inflation".
Cash will always lose money over time BUT assets like stocks, Bitcoin and crypto will go up in value.
In the short term, crypto might perform a bit better if Donald Trump wins the elections. He seems that the big crypto corporations (Coinbase, XRP, a16z) donated millions to Trump in exchange for more crypto friendly regulations.
In the long term, it doesn't matter who wins the elections. In the long term, Bitcoin and crypto are likely to perform well both under Trump or Harris. Why? Because the correlation coefficient between Bitcoin and the US M2 money supply is 83%.
$BTC swing longThis would probably be the most hated rally in CRYPTOCAP:BTC history. Small long here.
BEARISH CASE ANALYSIS FOR BTCBullish or Bearish, it's always a good idea to see below the surface and trade cautiously managing risks. BTC has a bullish sentiment overall, however structural analysis is painting a cautious sign to be too over optimistic. The cup and handle pattern formed is still not confirmed and can fail. I have seen these many times in my trading experience.
On the chart we have weak RSI (just above 60) heading into new all time high attempt, a shooting star candle on the weekly chart, a failed new high zone forming a double tops pattern. These don't support a strong bullish case. There is also a daily RSI and MACD divergence which has propelled the pullback since this publication. I am watching for when this divergence is played out completely to assess a bulls case structure.
Of course I agree with the bulls on the touch of the daily Bollinger band and if support is found at the 21 EMA or $68300 price level then we're off to another bulls run. I just want to share my thoughts on BTC price structure. Cheers !
Are you ready for $66,000 BTC ? Our sell movement continues
BTC price continues to go down within the channel created by the green rings. BTC continues its downward movement to the $66 150 BTC price as planned.
rally that is slow taking offwe have broken out of the channel weekly and are trying to confirm another higher daily low in the pattern. sequencer has not completed its bull exhaustion pattern, and we havent lost trama although it isnt rising yet. supertrend is still in a holding pattern, but the larger move hasnt brought us down to signal at this top yet. new all time highs are still the target, and i wouldnt be surprised to see this confirm a breakout and head toward $79k. im interested in smaller moves, and ill be using BITO during normal trading hours.
Bitcoin _ USD _ Distribution _ Prices _ Under _ Trading _ Venue Bitcoin _ USD _ Distribution _ Prices _ Under _ Trading _ Venue _ Coinbase.
Note: USD not USDT.
I did say next distribution price $73,630 range!
Now I will breakdown the next distribution prices!
Quarter 4 Distribution prices:
$70,004.93
$72,075.97
$72,900.80
$73,621.01
$75,540.95
$77,815.64
$78,460.87
$80,038.82
BTCUSD 1H TIMEFRAME Analysis and Trade Setup for BTC/USD:
Overview:
In the 1-hour timeframe, Bitcoin is displaying signs of a triple bottom formation around the $68,773 - $69,342 zone, indicating strong buying interest at this level. This pattern is often considered a reversal signal, suggesting a potential upward move if BTC can hold above this support zone.
Key Levels:
Support Zone: $68,773 - $69,342
Take Profit (TP) Levels:
TP1: $69,878 (minor resistance level, initial target)
TP2: $70,166 (near key resistance, moderate target)
TP3: $71,333 (stronger resistance, swing target)
TP4: $72,657 (major resistance, extended target)
Indicators:
Ichimoku Cloud: BTC is trading within the cloud, signaling a potential trend change. If BTC breaks above the cloud, it could further confirm bullish momentum.
RSI: The RSI is moving towards the oversold region but has yet to show a reversal, suggesting that buyers may step in soon.
MACD: The MACD is below the signal line, but a potential crossover could occur if buying momentum increases.
Trade Idea:
Entry: Look for entries around the current support zone ($68,773 - $69,342) if Bitcoin shows further bullish candlestick patterns.
Targets:
TP1 at $69,878
TP2 at $70,166
TP3 at $71,333
TP4 at $72,657 if there is enough volume and momentum.
Stop-Loss: Place a stop-loss just below the support at $68,773 to protect against unexpected downside.
Potential Path:
If BTC holds the support zone and confirms the triple bottom pattern, a rally could follow. A breakout above each target level can pave the way for further gains. Watch for consolidation at each resistance level for signs of strength before BTC moves higher.
This setup combines technical analysis with Ichimoku, RSI, and MACD indicators, aiming to capture a potential bullish reversal if the support zone holds. Remember to adjust your position size and trade management based on your risk tolerance.
Good luck with your trade, and may the market be in your favor! 📈
Bitcoin Daily Chart -Indicates selling, it needs to rocket soon
Bitcoin BTCUSD since arriving back up at the triple-top high zone and it would seem is preparing to launch a breakout of its price to all new higher-highs and higher lows, but perhaps Bitcoin's consolidation and a lack of higher prices the past couple of days this week, is starting to make BTCUSD look a bit weaker for a Short opportunity.
No I don't think the Bitcoin price is going down with a huge sell margin, no price is simply in the 'squeeze' right now and we will see a gradual downward drift in price as consolidating price action occurs, and to a key support level or demand block, buyers will step-in at reduced Bitcoin prices and they will take advantage of a price that Bitcoin is likely to never revisit ever again.
BTC Can Hit 72,000 Any Time, May Be new ATH.Bitcoin Stuck in Range since couple of months, but its showing bullish Sign one more time.
72,000 in Card, May Be New ATH one More Time.
Is the bitcoin rally over? Am I too late?no. usually bitcoin continues to hit new all time highs when it double tops at resistance and breaks through on higher timeframes like the weekly. the daily may be overbought, but look for this to push toward $79k soon.
Buy BTCUSD @ 66600 - 65600💎Buy BTCUSD @ 66600 - 65600💎
Wednesday 10/23/2024 02 PM EST
Friday 10/25/2024 07 PM EST
63600 StopLoss —>
66650 BreakEven+
TakeProfit 1: 66800
TakeProfit 2: 67000
TakeProfit 3: 67200
TakeProfit 4: 67400
TakeProfit 5: 67600
TakeProfit 10: 68600
TakeProfit 20: 70600
TakeProfit 30: 72600
The Wizard🧙♂️
BTC USD UpdateAnother monthly bullish candle has closed, but the bullish bias stopped the trend just before the all-time high in BTC/USD pair High liquidity has been grabbed, and we've seen a massive bearish reaction. I have a runner and a stop-loss below 65,149.51. If we lose this level, we're in bearish mode.
Let's see what market makers are planning to do this week and what the overall end-of-year price action will be. I'll try to share some good setups, but going long just before we missed taking out the high looks a bit risky, so I'm in scalping mode, sitting behind order flow software and trying to catch a high-volume ride somewhere. I'll keep you posted!
