BULLUSD trade ideas
BTC H4 Bull Pennant FormingBTC/USD on the H4 chart is currently forming a bull pennant between a descending resistance and a horizontal support. The stochastic RSI is ready to swing back after a little more pullback.
Targets for the trade are the 2.236 and the 2.618 extensions of the previous high swing low. Targets marked with white horizontal lines.
Not financial advice.
Do your own DD.
Thanks for viewing the idea.
Updated Chart, Detailed Windows. BTC Up, and to the Right.//From Previous Post - As miner's cost/price ratio remains above 1.0 for the sixth straight month, the accumulation range this cycle culminates in sparks here at the end of October. With ATH O/I across the board, expect some volatility as we move into the winter.
Volatility given the election narrative is expected. No advice here, but I wouldn't get shaken out if we see 63-65k retest here before another leg up. Personally, I think 65-66k is the magic number. Retest the macro trend, retest horizontal support, and into next gear for the rest of November and December.
Big money is playing with us now, expect some more grind compared to previous cycles.
Uptober --> ATH
BTCUSDThe BTCUSD is currently in a range while we wait for the US elections, so in the meantime I can go and get my block lower.
2 Months Till BTC reaches 95kUPDATE!!!!
Hello Fellow Traders,
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For BTCUSD.
Right Now I'm Still Bearish on BTCUSD for Short Term, But When it Reaches Around 20K I will Look for a Long Term BUY opportunity!
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
Let Me know if you have any Questions or Comments Below!
Please Support My ideas & Educational Posts with a Like and Comment ❤️
Link to chart
See You in the next Analysis!
Global Fx Education
Bulleyes!!! 71120 24 77777 idThis chart represents my analysis projecting Bitcoin's price to reach 77,777 USD on November 7, 2024. By evaluating past price movements and current market trends, I believe this price level marks a strong resistance point. Technical indicators and market sentiment suggest a high likelihood of movement toward this level. In summary, my chart highlights the 77,777 USD level based on a detailed analysis of specific signals and price trends in the market.
07 11 20 09
07 11 19 99
07 11 20 24 77.777
09 09 20 29 99.999
10 10 20 30 100.000
BTC Market Cycle Alert: Is a 14-Month Bear Market Ahead?Hello everyone, welcome back!Today, I want to take you through an in-depth look at BTC's market cycle based on our cyclical analysis, which has shown some remarkably consistent patterns over the past few years.
In the analysis of Bitcoin's historical trends, we can observe a repeating cycle: a 15-month bullish phase, followed by a 7-month neutral or consolidative phase, and then a 14-month bearish phase. This cycle has held true across several past cycles, and the data suggests a clear pattern of shifts in sentiment and market direction. Let’s break this down:
1---The 15-Month Bullish Phase
Over the last 15 months, Bitcoin experienced a steady upward trend, aligning well with our cyclical analysis that predicted this bullish phase. During this period, we saw increased investor interest, strong price action, and substantial buying pressure that pushed BTC prices higher. This phase typically reflects optimism and adoption, drawing new investors into the market.
2---The 7-Month Neutral Phase
After completing the bullish run, BTC entered a 7-month period of consolidation. During this phase, prices tended to stabilize, with minor fluctuations but without a clear directional movement. This neutral phase often represents a market recalibration, where buyers and sellers reach a temporary equilibrium, and the market takes a breather.
3---The 14-Month Bearish Phase
Now, according to our cyclical analysis, BTC appears ready to enter the next 14-month bearish phase. Historically, this phase tends to see lower prices, as market sentiment shifts and bearish pressures take hold. During these periods, Bitcoin has shown a pattern of gradual declines, with some sharp pullbacks as investors become more cautious, and the market enters a period of correction.
This anticipated bearish phase aligns with broader cyclical data and could be influenced by various macroeconomic factors like USA Presidential Elections, tightening monetary policies, regulatory changes, or shifts in investor sentiment.
In summary, if BTC continues to follow this cycle, we may see a prolonged bearish phase unfold over the next year or so. Staying informed and preparing for market changes can help navigate these potential shifts more effectively.
If you found this analysis helpful, don’t forget to support my idea and hit follow for more updates on BTC, gold, US100, US30 and other key markets.
BTCUSD: Local Correction Ahead! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 68,452$
Wish you good luck in trading to you all!
Bitcoin’s Path to $125KHere’s how I see the potential move to $125K for Bitcoin:
Looking at the chart, I can clearly identify a Cup and Handle formation. The cup has formed over a long period, starting from the peak around $69K in 2021, through the decline in 2022, and now with the recovery bringing us back to the current levels around $70K. The rounded bottom of the cup is a textbook example of this pattern.
For the handle, I’m anticipating a bit of consolidation or a minor pullback in the near term, which would complete the pattern. This is typical after a significant rise, as it allows the market to cool off before the next leg up. The critical point will be the breakout above the resistance level, which I see around $70K to $75K.
Breakout Potential: Once we break through the $70K-$75K resistance, I expect a strong upward move. This breakout would confirm the Cup and Handle pattern, and from there, we could see a significant rally.
Target: Based on the depth of the cup (roughly GETTEX:54K from the peak at $69K down to the bottom near $15K), I’m projecting that once we break out, the price could climb to $125K. Adding that GETTEX:54K depth to the breakout point around $70K gives us this target.
How It Might Play Out:
Step 1: I see the price breaking through the $70K-$75K resistance, possibly after a brief consolidation period forming the handle.
Step 2: Following the breakout, I expect a steady rally, supported by increasing momentum and volume. If we see strong buying pressure, this move could accelerate quickly.
Step 3: As we approach $125K, there might be periods of consolidation or even pullbacks, but the overall trend should remain bullish.
Key Levels to Watch:
Resistance: $70K-$75K is the key level we need to break. If the price pushes through with strong volume, it will likely confirm the bullish breakout.
Support: If there’s a pullback, I’d be watching for support around GETTEX:64K , which has previously acted as resistance and could now provide a strong base.
I’m optimistic about this setup, and as long as we see continued bullish sentiment and strong momentum, I believe Bitcoin has a solid chance of reaching $125K in the next major move. I’ll be keeping a close eye on volume and momentum indicators like RSI and MACD to confirm the strength of this trend.
Write your thoughts in the comments.
BTCUSD: Long Signal with Entry/SL/TP
BTCUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long BTCUSD
Entry Point - 67612
Stop Loss - 66366
Take Profit - 70099
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Election week scenario #3This is the max pain scenario for all of the Long traders who followed in at the top last week. I expect major volatility going into and during the election, as well as the inevitable recount that will likely cause a major dump down to the lower untapped support levels around 60 K perhaps even lower.
Everyone confusing BTCUSD chart In this scenario i think we must wait US Presidential Election
Maybe everyone waiting that big event - otherwise BTC made a new HH already .
My opinion BTC will hit $64.500 zone before the BIG STORM
Just wait and trade in when market be calm
Market Reactions in Last 3 U.S. Elections and BTC Target $95k!Let's look at how the market reacted in the last 3 elections!
- 2012: Obama re-elected ➡️ Initial stock sell-off over fiscal cliff fears, then strong rally post-deal. Crypto is mostly unaffected.
- 2016: Trump wins ➡️ Stock rally on tax cut & deregulation optimism. Bitcoin starts climbing, hinting as a "digital gold."
- 2020: Biden wins amidst pandemic ➡️ Stocks surge on stimulus hopes. Crypto enters a major bull run, with BTC skyrocketing as an inflation hedge.
🗝️ Elections = market volatility & opportunity!
Regardless of who wins, CRYPTOCAP:BTC will likely reach a new ATH by the end of 2024.
Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows.
Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it.
#BITCOIN UPDATE:-
BTC looks solid for now. There’s still a possibility for BTC to hit the $60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support.
A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between GETTEX:82K and $95K by the end of the year.
DYOR, NFA.
Do hit the like button and share your views in the comment section!
Thank you
#PEACE
Election scenario 1BTC holds the point of control and daily support level before rebounding up to all-time high
Election week scenario 2 BTC loses the point of control, but holds the anchored view up from the swing low and weekly support level, followed by moved to all-time high
Updated : End of the Beginning : BTCUSDReflecting changes based on the recent price action. Still expecting this wave 1 of 3 of the new cycle to top in mid-80k range
$btc short CRYPTOCAP:BTC short to retest break out levels of falling channel on daily chart , lost support on hourly level.
entry; 71700s
tp1: 70100
tp2:69000
stop:73600
Here's my snippet of the current move on bitcoin Here's my snippet of the current move on bitcoin and how many of us who are calling for a buy still manages to have lost on the set up already, despite our prediction remaining quite probably at this time!
BULLISH BTC CHEATSHEET for the next 12 months- Breakout EmminentBTC has been forming megaphone bull flag for the last 7 months adding validation to the beautiful CUP & HANDLE it has printed and recently tried to break out of this bull flag in the weekly chart testing the boundaries of the pattern. One may wonder if there is any logical behavior in this price action and some investors like me can point out to WYCKOFF Re-Accumulation happening. If you look closely it has resonated closely to Wyckoff's theory and we may be at the LPS portion of the re-accumulation. Possible breakout to the SOS level or some minor sideways movement for the next days. There has also been the bullish MACD cross on the weekly. Long term targets based on sentiment, seasonality and technical analysis indicate a long term target of 120-130k Dec 2024 and 350-380k Mar-Apr 2025. There have been anomalies that have been considered in this analysis such as the Yen Carry Trade issue. Lately there has been some volatility but I don't expect there to be any lows. Breakout is imminent! Looking to see how this plays out.
Bitcoin: 100-200% Move After 2024 Election?In the last three Bitcoin cycles, the price has shown significant upward movement following U.S. elections. After the 2012 election, Bitcoin surged nearly 11,000%, followed by a 2,800% increase after the 2016 election, and a 370% rise post-2020. With the 2024 election just 17 days away, we could potentially see another strong move, expecting a 100-200% increase in the months following the event.
Regards
Hexa
Will Bitcoin Repeat History or Continue The Cup N HandleFalse Break Out Or Cup N Handle Continuation
1. Bitcoins most recent price action is looking pretty similar to what we experiened back in 2019-2020.
2. Bitcoin is also showing signs of a large Cup and Handle pattern which you can clearly see on the weekly.
3. If the Cup N Handle patter decides to continue playing out. I will continue my plan to just DCA on a weekly basis.
4. If History does decides to repeat what happened in 2019-2020. I will still continue to DCA weekly on the way down. BUT Wait until price falls into my 62-87.6% Fib Zone or $37,750-$22,500 to start Doubling Down on my DCA
5. My Plan is keep my blood pressure low not to predict the tops or bottoms. But to put myself in a good enough position no matter the market direction. And to continue my simple strategy to DCA.
Thank You and God Bless.
BTC heads up at 69k: not just a sexy number, but a Genesis fibPlot is a single fib series, shown in 3 timeframes.
69k was a previous top and for a very good reason.
IF we are to get a lower high then 69k may be it.
Chart is from Coinbase, others will vary a bit:
$ 69,096.20 is the exact level, topped last run.
$ 65,255.26 below is absolutely critical support
$ 72,937.41 is the next barrier to break above.
===========================================
.
Bitcoin Technical AnalysisFxNews —Bitcoin has broken below the 100-period simple moving average and the ascending trendline, currently trading around $68,320. Meanwhile, the Stochastic Oscillator signals an oversold condition, suggesting that BTC/USD has the potential to consolidate near the upper resistance level. This outlook is supported by the Fair Value Gap visible on the 4-hour chart.
From a technical perspective, immediate resistance is at the 23.6% Fibonacci retracement level at $70,000. The BTC/USD pair’s outlook remains bearish as long as the price stays below this level and the 50-period SMA. In this scenario, the next bearish target could be the 50% Fibonacci retracement level after a minor consolidation.
