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BULLUSD trade ideas

BTC has support in high 97k to 100k.Bitcoin has demonstrated significant resilience and established a solid support zone in the high $97,000 to $100,000 range. This development suggests that the cryptocurrency is maintaining stability at this crucial price level, reflecting strong buying interest and potentially setting the stage for further upward momentum in the near future. Traders and investors are closely monitoring this range as it could play a pivotal role in determining Bitcoin's next move, either as a foundation for a breakout or as a key area for consolidation.
BITSTAMP:BTCUSDLong
by MrGushyEXPERT458
BTC - Head and Shoulders Pattern - Swing TradeHere's the details of my Short trade on BTC... Watch the video for more in depth insights into my trading strategy and feel free to comment and share! Daily Chart: - Head and Shoulders Pattern - Volume - Following textbook head and shoulders pattern - Divergence on the RSI and MACD - Head failed off long term resistance - Recent false break at 100k Highlighted in the video... BTC had a very similar pattern in mid-2021 that ended up sending the price all the way down to the H&S Target within 4 days. I am not expecting the same outcome, however again, history doesn't repeat itself but it rhymes. Therefore, the current price is approaching the neckline. I tend to take positions earlier on in the trade to increase the P/L Ratio potential vs. waiting until confirmation, pullback, etc because the volatility becomes too great with options and a large part of the move will be missed. What I'm looking for with this trade is.... The price to retest 92k (Neckline) I'd be ok with a slight bounce, even over multiple days, prior to a break of the neckline. If the price bounces from here or via the neckline back towards 100k, that would be a red flag. At this point, historically for BTC and text H&S pattern, we should see pretty swift price breakdown and test of the neckline, to a break of the neckline within several days. If this is not achieved it will give receive to exit and/or stop out. News and trade details highlighted below. Recent Developments & News - See my SPX Idea, the S&P has both a Rising Wedge and Head and Shoulders, making the overall market susceptible to a short term bear move which will be a headwind for BTC given its correlation to the market - USA Strategic Bitcoin Reserve has made a lot of headlines and driven increased excitement about Bitcoin. However, recent comments suggest this will not be a quick decision and is not something that is relevant in the immediate term... - In terms of the legal issues around holding bitcoin, "that's the kind of thing for Congress to consider, but we are not looking for a law change at the Fed," Powell said. - Given the likely ways such a reserve could be created, "we suspect such a plan would face stiff resistance from the Fed," Barclays analysts said - The European Central Bank’s chief bank supervisor, Claudia Buch, on Tuesday also flagged up risks in the crypto market, including "excessive leverage, transparency (and) conflict of interest", adding she was keeping a close eye on banks' exposure to that type of assets. - In Europe, a series of central bankers this week dismissed any suggestion of bitcoin becoming a reserve asset. - Belgium’s central bank governor Pierre Wunsch saw little "appetite for having reserves in bitcoins" in an interview on Wednesday. - Outside the euro zone, Hungary’s governor-designate Mihaly Varga said on Monday cryptocurrencies were just too volatile. - "We are following the discussion, especially in the U.S. post-elections, closely," ECB policymaker Olli Rehn said on Tuesday. "But our view has not changed. Cryptos are assets, but they are not currency," the Finnish central bank governor added. Note: Trump plans to appoint former PayPal executive David Sacks to the newly-created position of White House AI and Crypto Czar, and pro-crypto consultant Paul Atkins to lead the Securities and Exchange Commission. That said, the discussion and possible policy changes are possible, just not immediate. In addition, Michael Saylor has made a lot of news with recent Bitcoin purchases and the potential for issuing shares at MicroStrategy to fund additional BTC purchases. If the shares issuance is approved it could trigger a wave of bullish activity, however the actions and purchases being taken are in consideration of a long term view for BTC and therefore may have less impact on the short term pattern. Noted in Risks below. Target: - Head 108k - Neckline 92k - Target Move: 16k - Target Price: 76k-80k (13-15%) - Stop: A break above 100K - The Head and Shoulders Pattern has taken ~35 days to form - The expected timeframe is 1/3 the days to formation so ~12-15 days to target Risks: - Bitcoin is currently in a long term cup and handle pattern with a target of 123k, therefore this suggested price action is considered short term and to have risks of the pattern failing - Bitcoin has made a very strong move over the past 4 months, therefore it easily can continue it's upwards momentum - Approval of MSTR share issuance could trigger a wave of bullishness in Bitcoin, breaking the pattern - Trump Inauguration Jan 20th could spark a wave of bullishness as anticipation for new policy takes hold - More and more adoption of bitcoin may override a chart pattern such as Head and Shoulders Overall: Bitcoin is currently in a long term, very bullish cup and handle pattern with a target of 123k. Therefore, I am taking this trade with a high degree of caution. However, the head and shoulders pattern formed with resistance at the long term upward trendline paired with short term weakness in the broader market makes it a strong case for a short term downward movement. The risk/reward ratio makes it a viable trading opportunity. See below the details of my trade... Current Position: BITO Put Options Strike $25.00 Exp Jan 31st Quantity: 3 Option Price: $2.24 Stop: $1.00 Total Investment: $675 Potential Loss: -$375 I am taking a tiered profit taking approach given the volatility and sensitivity of the trade Target 1: $3.50 - $4.00, 1.6:1 - 1.8:1 P/L Ratio Target 2: $5.00 - $5.50, 2.2:1 - 2.5:1 P/L Ratio Target 3: $6.50 - $7.00, ~3:1 P/L Ratio At each target I'll move my stop up towards breakeven and beyond Potential gain: $825-$975
BITSTAMP:BTCUSDShort
by jaytmarquardt
Bitcoin Going Lower? Bitcoin has broken below the lower boundary of a rising channel and retested the support level around 91K. Since last Tuesday, prices have rebounded, climbing until yesterday when they tested the rising channel, which had shifted to serve as resistance. However, the upward momentum faltered, and Bitcoin failed to break higher, ultimately falling below the rising trend line. The market's next big move will likely hinge on today's FOMC minutes. Depending on the outcome, further selling pressure could emerge. The key question is whether the 91K support level will hold. A breach of this level could trigger a more significant sell-off.
BITSTAMP:BTCUSDShort
by momeah21
BTCUSD ANALYSIShey dear followers i am here to share you my idea on BTCUSD. kindly follow me and like charts.. BTCUSD is now at 95600 as we have seen that BTCUSD has now started falling from the resistance zone. it is possible that BTCUSD now touch 92500/91500 and 97000 . from many days it is just flying hopefully this is the end of this long trend here and it will fall again. key points entry 95600 target 91500/92500 stoploss 97300 Hopefully you will like my charts and follow me for latest BTCUSD analysis.
COINBASE:BTCUSDShort
by fxzarina76
Zigzag ABC Correction Nearing Completion: Long Setup BTC Trade Setup: Long Opportunity After Wave C Completion Once Wave C completes, it presents a strong opportunity to enter a long position, as corrections typically lead to the next impulsive move upwards in the broader trend. Profit Targets for the Long Position: Initial Target (T1): $96,500 – A retest of the previous horizontal resistance, aligning with the daily level. Secondary Target (T2): $99,470 – A revisit of the weekly resistance and a psychological round number. Extended Target (T3): $104,320 – The golden pocket zone (61.8–65% retracement) of the larger downward move. Stop Loss Placement: Place the stop loss below the 88,000 support zone, specifically around $87,900. This level is safely below the expected completion of Wave C and accounts for potential wicks. Risk-Reward Ratio: Entering around $92,600 (Wave C’s likely completion zone) provides an excellent risk-reward ratio: Risk: ~$4,700 (entry at $92,600, stop loss at $87,900). Reward: $3,900 to $11,720, depending on target level (T1, T2, or T3). Indicators Supporting the Analysis: RSI (Relative Strength Index): Currently oversold, indicating bearish exhaustion. Watch for bullish divergence as Wave C completes to confirm reversal potential. Confluence with Key Levels: Wave C’s potential completion aligns with horizontal support levels and Fibonacci extensions. Multiple timeframes show significant support in the $92,600–$88,000 range. Final Thoughts: The chart suggests a zigzag ABC correction nearing completion, with further downside likely in Wave C to the $92,600–$88,000 range. This presents an ideal opportunity for a long position targeting the next impulsive move upwards. Summary of Key Levels: Wave C Completion Zone (Buy): $92,600–$88,000. Profit Targets (Sell): T1: $96,500 (Daily resistance). T2: $99,470 (Weekly resistance). T3: $104,320 (Golden pocket zone). Stop Loss: $87,900 (Below key support).
BITFINEX:BTCUSDLong
by MasterTraeder
BTC Range from a Premium & Discount PerspectiveBitcoin has been known to be in range, and we can use tools to analyze it's price action: 1. Trendline Tops & Bottoms as Support & Resistance 2. Trendline Channel 3. Premium & Discount Range For Premium & Discount Range, configure the Fib into 0.25, 0.5 and 0.75. These levels act as Intermediate Support & Resistances. Here, I do not use Fibonacci retracements, but could easily view my chart in a clear manner. We will have to see how price reacts around these channel and ranges to understand it's movements. Hope it helps, follow if you like more chart analysis. Thanks!
BITSTAMP:BTCUSD
by solfury
BTC/USD Update.Market Update: January Edition Market Overview Bitcoin (BTC) continues to be a focal point as we enter the new year. After experiencing a robust upward trend, BTC has faced a significant downturn, breaking through crucial support levels. This shift is largely attributed to macroeconomic developments, particularly those stemming from the United States. Recent News Impact BTC's recent price dip can be linked to the US Job Openings and Labour Turnover Survey (JOLTS) data, which indicated a surge in hiring, strengthening the labour market. This macroeconomic factor contributed to BTC falling below the $98,000 threshold, with substantial trades influencing the price via "spoofing" practices. Moreover, the resignation of Fed Vice Chair Michael Barr has noticeably affected market sentiment. Although his departure is seen as positive for Bitcoin by easing regulatory concerns, there's still a risk of a further pullback in the early part of the year. Additional Insights It appears our analysis was spot on, as there's potential for further retracement. Recent news about President Trump's involvement could potentially bring the price down to $88,000. This region is notable for its large daily Fair Value Gaps (FVGs), which are imbalances in the market that will need to be squared up at some point. Trading Strategy In light of the current market conditions, it is crucial to closely monitor key support levels and technical indicators. The oversold RSI suggests potential undervaluation, which may lead to a rebound or a consolidation phase. Traders should remain vigilant for further bearish signals from the MA and MACD indicators.
COINBASE:BTCUSD
by OakleyJM
BTCUSD NEXT MOVE ( Read Caption )Hello Traders, this is my idea on BTCUSD next move .kindly boost my charts and follow me for best technical analysis. BTCUSD has break the support zone 96200/97200 it is now possible that it can fall and reach to my mentioned targets. our first target is 94500/94000 and 2nd target is 92500/91500. Now BTCUSD is working at 95500 and this is the entry from where BTCUSD can fall. KEYPOPINTS FIRST TARGET 94500/94000 2ND TARGET 92500/91500 Remember that BTCUSD should break the first target and then our 2nd target is active.. if you love my charts then boost it and follow me for more BTCUSD technical analysis.
BITSTAMP:BTCUSDShort
by fxjack98
BTCUSD well it's time to give a decrease on 3 tops BTCUSD well it's time to give a decrease on 3 tops This chart analysis of the BTC/USD (bitcoin/US dollar) pair on the daily timeframe highlights the classic Head and Shoulders pattern: 1. “Head and Shoulders” pattern: the chart displays a clearly defined ‘Head and Shoulders’ bearish reversal pattern. “Left Shoulder”, ‘Head’ and ‘Right Shoulder’ are labeled, indicating a potential trend reversal from an uptrend to a downtrend. 2- Neckline: The horizontal line near the price level of 67,552 USD serves as the neckline of the pattern. This line is an important support level. A break below this level will confirm the completion of the Head and Shoulders pattern and will probably lead to further price decline. 3. Predicted Movement: The yellow arrow points down from the right shoulder, indicating a potential drop in price after breaking the neckline. This suggests a bearish outlook with a possible target around or below the 67,552 USD level. 4- Current Price: The current trading price is approximately 97,408 USD, with a significant daily decline of 4.76%. The sell and buy prices are shown as 97,382 USD and 97,395 USD respectively, indicating a very narrow spread. This analysis implies a bearish sentiment, expecting that if the price breaks below the neckline, it could lead to further declines, potentially reaching or surpassing the projected target of around US$67,552. 🚀 Trade with the professionals of THS - Wave Theory! 🔹 All trades are based on wave analysis. 🔹 Fixed stop loss and take profit for risk management. 🔹 100% automation: copy trades through CopyFX service. 🔹 Reliability and transparency: the results are confirmed by the market. 📈 Don't miss the chance to earn steadily! 👉 Connect to CopyFX with THS and start copying profitable trades right now! 💡 Details on our channel and in the app!
COINBASE:BTCUSDShort
by Trade_Hive_Signals
BTCUSD.market target 96700entry point 95200 stop loss 94600Here's a summary of your trade plan for BTC/USD: Trade Plan 1. *_Target:_* $96,700 2. *_Entry Point:_* $95,200 3. *_Stop Loss:_* $94,600 Your plan indicates a bullish outlook, expecting the Bitcoin price to rise from the entry point to the target. Key Considerations 1. _Risk Management:_ Ensure proper position sizing. 2. _Market Conditions:_ Monitor economic indicators, regulatory updates, and technical analysis. 3. _Trade Adjustment:_ Be prepared to adjust your trade plan if market conditions change.
BITSTAMP:BTCUSDLong
by Stevenexpert
$BTC.X >> 4 Hr. Chart >> Technical Analysis$BTC.X >> 4 Hr. Chart >> 95000 is the next key level to hold / Heavy volume in this zone If support breaks 92300 will be the target Take a look at the IMACD LB Indicator / There was a Bear Cross today Many times the Signal Line will stay below the MACD Line for an extended period of time once the bear cross occurs Not always, but on multiple occasions Since the Bear Cross just happened I'm thinking 95K may fail to hold and a 92K support test is on the way We'll see / If $BTC.X does dip to 92K it will likely correlate with a steeper decline for the stock market Market Bulls need 95K to hold tomorrow otherwise the bears will likely press lower
COINBASE:BTCUSD
by ospreyeye3
Bitcoin (BTC) predictionsFor this week, Bitcoin (BTC) predictions suggest a range of potential prices. Here's a brief overview: this week about btcusd For this week, Bitcoin (BTC) predictions suggest a range of potential prices. Here's a brief overview: Wednesday, January 8: Price between $98,696 and $113,554. Thursday, January 9: Price between $98,682 and $113,538. Friday, January 10: Price between $98,979 and $113,879. Monday, January 13: Price between $100,181 and $115,263. Tuesday, January 14: Price between $102,054 and $117,416. Wednesday, January 15: Price between $102,891 and $118,379. Thursday, January 16: Price between $104,998 and $120,804. Friday, January 17: Price between $103,764 and $119,384. Bitcoin (BTC) has been experiencing some fluctuations recently. As of now, BTC is trading around $96,500. Analysts have mixed predictions, with some suggesting a potential drop to $80,000 due to a possible head-and-shoulders pattern, while others remain optimistic about a bullish breakout if BTC can hold above $92,000.
BITSTAMP:BTCUSD
by bianxee