BTC, we are waiting....Bitcoin is in range/bearish flag since his top (74'000$).
Now we have reached a strong level - 65'000$ who is :
- The high bearish flag level
- A strong resistance
Let's wait few hours to see if the bitcoin decided to breakout this price.
My plan is simple : add-in a line following the pull-back to 65'000$
BTCUSDM2025 trade ideas
BTC = AMZ?this chart of BITCOIN and AMAZON is insanely similar. Maybe Blackrock's aladin research is behind all of this. Maybe Bitcoin is really hijacked? Anyways, the game is rigged but we can still play it. The chart suggest BTC traded below 74k to 39k in 2025? I will have another chart with similar price pattern but for 96k-50k. Let's see if it plays out
BTC - Fighting Resistance
Again another picture perfect prediction thanks to the amazing analytical tools of Viaquant.
In our last post we laid out the two scenarios that were most likely to happen with the rate cut decision. The first scenario we laid out was the one that ended up playing out and we got the pop from $60,000 to $64,000. Exactly to our white line of resistance we laid out.
Now we are going to closer monitor if sellers heavily defend this area (which could lead to a drop to the CME gap) or if we can break above the white and orange lines which would lead us to the trying to break the most important level of $71.3k on the 3D chart. Once we get a close above that level is when the true fun begins.
BTC - Rate Cut ScenariosHello traders,
Briefly I wanted to give my thoughts on what we might see develop with the price action of BTC today. No matter what I believe these rate cuts will lead to the continuation of the bull market in the macro structure but it is possible to have a short term pull back before.
We are viewing the CME chart as we still have a gap to the downside around $53,000-$54,000. It would be ideal to have price fill this level before breaking out of its multi month falling wedge. Based on the charts there are two main scenarios:
The first scenario is we get a pop to the upside to test the white trendline ($64,000-$65,000) and then maybe retrace one more time to fill the gap.
The second scenario is we get an initial drop to fill that gap which would put price somewhere between ($52,000-$54,000). Price would retest the green trendline or just fill the gap and then we continue the run to the upside.
We no longer have to worry about the downside risk as much once we see daily candles on the CME chart close above the orange line. Once we see a 3D candle close above $71,300 that will give us the confirmation of the next leg of the bull market starting.
Points of Interest on BITCOIN before FOMCI'm watching the price action closely today as we approach the CME gap at $61.5k.
We have not yet taken the previous high on the CME chart. The gap is still open a little bit. We've also accumulated some liquidity at about $57.2k. It is also wednesday, which is know for it's trend reversal.
Tea Anyone?Massive Cup and Handle perhaps? It looks like Bitcoin might be ramping up into the election season and might even tease some new highs. This is a nice looking setup. A trump victory in November would more than likely push bitcoin into some uncharted territory. The election will be a major swing factor these next few months
Crash Alert! Fed Rate Decision Could Drop Bitcoin!Bitcoin is consolidating at $58,680, but here’s what to watch for:
There's an unfilled gap below, which could be closed if bearish pressure increases.
The Federal Reserve is on the verge of a major decision — if they cut rates by 0.5%, we might see a sharp drop in Bitcoin.
Current market consolidation shows a tug-of-war between buyers and sellers, adding tension to the mix. 📉
❗️ Keep an eye on support zones and market reactions to the upcoming Fed rate announcement!
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BITCOIN SHORTLooking to short bitcoin here. We have a 2 week bearish order block that price has tapped into. It hs bought into the 4H resistance of the current 4H downtrend. on a lower time frame it seems to b creating a higher low which grabbed equal highs. If I can get confirmation I will short here. If price does not want to hold here it may retrace further up the 2w order block before selling.
BTC to continue downward momentum?the CME futures gap has been filled and appears to be acting as resistance now, and the short zone has been respected with 4 sell offs. All signs are pointing towards a big leg to the downside. be aware that most bubbles return to the beginning of the breakout and BTC may be trading in bubble territory. although i am still overall bullish on the bitcoin project, i as a trader cannot ignore the charts. putting my emotions aside to capitalize on some huge shorts to the marked supports.
False move monday on BitcoinWe are currently sitting at the EMA50 on the 4hr timeframe. It looks like we are doint a mean reversion here again. The top was quick and formed a wick but I couldn't finde any vector candle that could be liquidity pools to recover. We also have a CME GAP at $54.2k which will be recovered soon in my opinion. We had the retest of the $58k level which was very important but I expected it to happen on wednesday. Lets observe price action but my observation leans towards shorting.
Non-Farm Payroll News Release 9.6.2024 BitcoinThis video goes over how Non-Farm Payroll was traded. In this video I go over how to enter the trade and close out partial to get your DAILY PAYCHECK. Then let a few runners go, so you can get a MONTHLY BONUS check every month. The runners get you extra profit on the trade as well as add up over the month.
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- Money Duck - Butch
BITCOIN LONGAfter an immense move to the downside I am anticipating an equal move to the upside. Looking to take profit before the marked high here is a smart Idea as fundamental news coming out continuously may effect volatility.
I also wouldn’t be surprised if we had one more sweep to the sell side before heading up.