BTC - 76K in the making?Hi, hope you are doing fine. To be honest its hard to tell, but price discovery can take us to 76K or even higher. I belive it will happen and Im holding my longs. Regards.
USDTBTC trade ideas
Bitcoin (BTC): Price at ATH! / Possible Liquidity Hunting + DropBitcoin has nicely reached the all-time high zones, which was our target from yesterday’s plan.
Now that we’re in this zone, we’re looking for potential liquidity sweeps to occur, as well as any signs of weakness. If we see these indications, our expectation is for the price to retrace, filling the CME gap and normalizing the RSI, which is currently in overbought territory.
As anticipated, a "buy the rumor, sell the news" effect appears to be what is driving this most recent price increase.
Swallow Team
BTC Making Double TOP pattern its time to sellIn April of 2021, Bitcoin reached a significant peak. In November, 210 days later, a technical double-top and a slightly higher high were reached.
Volume rose before the first high towards April 2021.
A decline in volume preceded the second high towards November 2021.
In 2024, increasing volume anticipated the first high that reached March.
Volume declined before to the second high in October 2024.
➣ A significant fall occurred after the higher high/double-top in November 2021 (the declining volume was a powerful telling indication).
➢ Only whales are now trading (no retail) in the October 2024 lower/higher high/double-top, which has extremely low volume and extremely limited market involvement.
Will there be a significant drop following 2024's second high.
I prefer sell now and SL with be 76000 and profit target should be 62000.
BTC LONG BEFORE THE RIPLooking to add Bitcoin on pullbacks, I would like to see a liquidity grab at the high of the Value Area, afterwards loosing the level and making it way down.
Several levels below:
Weekly $63k - $63,200
Range Point of Control $63,125
0.618 pullback zone between $63,120 and $62,680
We also have an anchored vwap from the $53k lows after our August crash, potentially confirming the trend reversal.
I will be very interested in long trades at these levels
Weak Impulsion in BTC's UptrendBitcoin Showing Weak Impulsion to Continue Uptrend, But Buy Opportunities May Await
Analysis by BIDASKMAGNET Institute for Analysis
Bitcoin’s recent market movements are displaying signs of reduced impulsive strength, leading to cautious optimism among traders and investors. The BIDASKMAGNET Institute for Analysis has highlighted that, despite weaker momentum in the uptrend, buyers should maintain a watchful stance for potential entry points in the near term.
Weak Impulsion in BTC's Uptrend
Over recent trading sessions, Bitcoin has struggled to sustain significant upward momentum, with price action showing lower highs and increased resistance at key levels. This weakness in impulsion suggests that, while the broader market sentiment leans bullish, current conditions might not fully support an immediate uptrend. BIDASKMAGNET Institute points out that BTC’s inability to breach established resistance zones indicates the presence of substantial selling pressure.
Reasons Behind the Weak Impulsion
Market Liquidity Concerns: With a shift in institutional interest, the liquidity driving Bitcoin’s upward momentum appears slightly dampened, making it difficult for the asset to power through established ceilings.
Macroeconomic Factors: External financial pressures, including inflationary concerns and central bank policies, have recently impacted crypto markets, contributing to Bitcoin's reduced upward drive.
Profit-Taking: Following recent gains, many short-term holders are likely cashing out, which adds to the selling pressure and challenges Bitcoin’s price progression.
The Importance of Waiting for Buy Opportunities
According to BIDASKMAGNET, despite the limited impulsion, Bitcoin still presents buying opportunities, especially for long-term holders and those seeking advantageous entry points. The recommendation is for buyers to exercise patience and monitor technical indicators closely, as the current market structure suggests that Bitcoin may retest lower support zones before resuming a more definitive upward trend.
Conclusion
Although Bitcoin is exhibiting weak impulsive energy to sustain its uptrend, BIDASKMAGNET Institute advises a “wait-and-see” approach, suggesting that buy opportunities may emerge if Bitcoin consolidates at key support levels. Traders and investors should monitor these levels closely and consider this analysis as part of a broader strategy to navigate the volatile crypto landscape.
Bitcoin (BTC): Price Still Trading Below Major Resistance ZoneBitcoin had a nice small rollercoaster movement last week, where we did have some kind of rejection from major resistance zone but not strong enough.
Buyers took over that dump and now they are yet again pressuring that major resistance zone (which might indicate to a possible liquidity sweep near $72-73K)
With that being said, we need to monitor closely the candle movement near that resistance and look for any signs of weakness. Either way, it will happen, so now we just have to wait out it!
Swallow Team
#BTC Can it challenge ATH this time?📊#BTC Can it challenge ATH this time?
🧠From a structural perspective, the goals of the bullish structure of the cup and handle have all been achieved, but the long target at the daily level has not been fully achieved, so there is a possibility of continued rise, and it is only about a thousand dollars away from ATH. But we are indeed in the resistance zone, the risk of chasing the rise is very high, and the profit and loss ratio is not good.
➡️If you want to short, there is no short structure here, so there is a contradiction, so continue to be patient and wait and see.
➡️If you hold long orders according to my previous posts, then you should choose to take all profits in this overlapping resistance zone to prevent a large retracement of profits.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:BTCUSDT.P
BTCUSDT: Bullish Trend (AB=CD Pattern)BTC is moving uptrend and currently its forming AB=CD Pattern without any bearish trend and fundamental base BTC is also bullish trend So we will wait for the break of the previous HHs for the confirmation of the Bullish trend so we will take a long trade with proper Risk Management.
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update.
BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets.
SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
Bitcoin to 74k today !I think today might be the day we actually see new all time highs.
Am already in a long position from a day ago and scaled in last night.
If anyone wants to hop on, I think now is probably the last opportunity one will get before take off.
A stop below 70,800 should be sufficient.
All timeframes are pretty much bullish.
Next hr we'll likely get a big candle to the upside...if it is that market actually wants to go up.
Take profits areas and position size % are on my chart
BTC - RAG- GPT4o. C.L.85%. Of course NO ESSENTIALInvestment Thesis
Given the current market conditions for Bitcoin (BTC), we are positioned to capitalize on short-term price movements over the next 14 hours. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping.
Data Analysis
Open Interest: Currently high, indicating strong market participation.
Weighted Funding Rate: Slightly positive, suggesting that long positions are favored.
Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply.
Analysis: The increasing open interest and positive funding rate support the bullish sentiment, while low liquidation levels provide a cushion against sudden price drops.
Binance Data
Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders.
Trader Sentiment: Cautiously optimistic, with many experts predicting a potential breakout above the $72,000 level if current trends continue.
Expert Consultations:
Binance Research Analysts
CryptoQuant Experts
Analysis: The consensus among experts emphasizes monitoring key resistance levels and considering long positions as LTC approaches these levels.
CoinMarketCap Data
24-Hour Trading Volume: Approximately $1.5000 billion.
Circulating Supply: 19 million BTC.
Market Capitalization: Around $1.3600 trillion.
Analysis: Strong liquidity and high trading volume indicate significant interest in BTC, supporting the bullish outlook.
Sentiment Analysis
Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Bitcoin.
Top Crypto Sentiments: Reflecting optimism among traders.
Implications: A favorable environment for long positions, as positive sentiment can drive further price appreciation.
Technical Analysis
RSI (Relative Strength Index)
Daily Chart: 69.0800, indicating overbought conditions.
15-Minute Chart: 53.5900, suggesting a neutral position and potential entry point for new trades.
MACD (Moving Average Convergence Divergence)
1-Hour Chart: Showing a bullish crossover, reinforcing the potential for upward movement.
Bollinger Bands
Current Price Position: Approaching the upper band at $71,452.91.
Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback.
Support/Resistance Levels
Support: $70,152.95.
Resistance: $71,452.91.
Analysis: A break above resistance could trigger additional buying, while support provides a safety net against significant price drops.
Moving Averages
MA10: $71,200.
Interpretation: Price above MA10 suggests a continuation of the bullish trend.
Trend Indicators
ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook.
Bollinger Bands: Proximity to the upper band on the daily chart warns of a possible pullback if resistance is not breached.
Summary
The current market conditions for Bitcoin (BTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across various timeframes suggest potential upward momentum, with key resistance levels at $71,452.91 and $72,000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation.
Trade Recommendation
Outcome: OPEN_LONG
Confidence Level: 85%
Current Price: $71,263.37
Stop Loss: $70,100
Take Profit: $72,500
Exit Point: $72,000
Entry Criteria
RSI: Below 50 indicates potential upward movement.
MACD: Bullish crossover.
Price Position: Above MA10 suggests continuation of the trend.
Current Indicators:
RSI: 69.0800
MACD: Bullish crossover confirmed.
MA10: $71,200
Action Plan
Monitor the Price Closely:
Breakout Strategy:
If Price Breaks Above $72,000:
Action: Open a long position.
Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 to minimize potential losses.
Take Profit Strategy:
As Price Approaches $72,500:
Action: Consider taking profits.
Adjust Exit Point: Move the EXIT_POINT to $72,000 to secure profits.
Risk Management:
Set Stop Loss at $70,100 to limit potential losses.
Take Profit at $72,500 to capitalize on expected price movement.
Exit Point at $72,000 as an intermediate target.
Be Prepared to Act:
If RSI Falls Below 50:
Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly.
Monitor Market Sentiment:
Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
bulish market in the futher....chart in the time month 88% growth... after the pattrn cup and reject the area support and similer than the pass maybe in the futher btc growth88%....
#BTC approaching its ATH#BTC right on target from the last update🎯
Next resistance is at $73,737
I do think #Bitcoin will be cautious of this level before the Presidential election next week
Btc new ath incomingBitcoin Analysis
#btc beautifully brokeout the bullish flag pattern and retested it at $65260.
Now it's heading to it's previous ATH i.e., $73777.
Anytime from now we can see a NEW ATH
Be ready guys for the most #bullish trend in the history
#BTC/USDT#BTC
The price is moving in a descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 66000
Entry price 66600
First target 58056
Second target 69169
Third target 70000
Are you ready to go into space next week? $BTC Open interest has declined significantly, which is a green light for growth! I also wrote earlier about the concentration of leading assets in hands and that we will see card draws on a number of assets by market makers. From a technical perspective, we see consolidation above the parallel channel and an up trend at the 50 EMA. Blockchain analysis still points us to further upside, buckle up!
BTCUSDT Golden Cross Signals Strong BullishBINANCE:BTCUSDT daily chart shows a Golden Cross, a pattern that has historically been a strong indicator of bullish momentum. A Golden Cross occurs when the 50-day moving average (MA 50, in purple) crosses above the 200-day moving average (MA 200, in blue). This crossover is generally viewed as a signal of a long-term trend reversal, suggesting that bullish momentum is building. Whenever this crossover has occurred in the past, Bitcoin has experienced substantial upward price movement in the following months.
Currently, CRYPTOCAP:BTC has broken through broadening wedge resistance levels on the daily chart and is trading near $71,000. This price action aligns with the Golden Cross, reinforcing the potential for a continued bullish move. With BTC consolidating above key levels, a breakout above $70K could trigger further buying interest and sustain the uptrend.
If BTC can hold its position above the 200-day MA and breakthrough additional key resistance levels, the price could continue to climb. Potential targets range from 100-200% gains from this level, similar to past Golden Cross rallies.
Regards
Hexa
POST House of Pi November 2024Bitcoin Monthly House of Pi range for November 2024 using Sacred Geometry-Fruit of Life by dgtrd as the blueprint, along with Circular Fib, to identify overall Pi range and Regular Fib w/Pi & Phi to find monthly Higher and Lower Pi Pockets. Dollars above as below as always, Make More Minimal
BTCUSDT Potentially BullishHi there,
The level 65909.01 is a strong support area, and it has a higher low at 66503.10.
The AB distance multiplied by 1.618 equals the distance CX, estimated to be 70738.26, with one price target of 69898.56.
If the price breaches 67370.92, then the setup will be invalid.
Happy trading,
K.
Bitcoin and altcoin overview (November 01-02)Yesterday, Bitcoin reached the lower boundary of the volume zone at $71,000 but showed no reaction and consolidated below this level. Currently, we are in a local downtrend and have already approached the nearest buyer zone at $70,000-$68,900 (push volumes). For now, the scenario of a quick update to the all-time high is on hold.
At this moment, there is no strong reaction from buyers, so even if a bounce occurs, we expect a resumption of the downtrend from new selling zones.
Selling zones: $71,000 (lower boundary of the large volume zone, mirror zone), $72,000-$73,000 (area of volume anomalies).
Buying zones: $67,500-$66,800 (maximum volume of the sideways movement), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Interesting altcoins:
For BICO , we’re considering two short-position scenarios: (1) consolidation below the volume zone of $0.225-$0.217, with a short on the retest, and (2) a false breakout of the local high at $0.2357.
Bitcoin Channel Breakout!BTCUSDT has finally broken and closed above the downward channel that has been forming since May. This move, when viewed in the bigger picture, resembles a bullish flag pattern, typically a trend continuation signal. We've seen a similar pattern recently in the gold market. After such breakouts, it's common for the market to lose some momentum and produce a pullback to retest the channel border and upward trendline.
Additionally, the price action is forming an AB=CD pattern, with the completion point expected around 72,000. This setup offers a strong opportunity for continued bullish movement. The target is the resistance zone around 72,500
BTCUSDT.P / LONG / M15
Bullish Order Block: 69,987 - 69,727
BTCUSDT.P shows potential for an upward move from the identified bullish order block. Using Smart Money Concepts (SMC) for analysis, this zone could provide the momentum for a profitable trade. Let’s observe price reactions at this level and see if it aligns with our expectations!
BTCUSDT.P / LONG / M15
LEVERAGE :- 125X
Entry Price :- 69980
Take Profit :- 70703
Stop Loss :- 69257
Bitcoin (BTC) Monthly Close Update: Bullish Momentum Above $66,📈 Bitcoin (BTC) Monthly Close Update: Bullish Momentum Above $66,753 🚀
BTC's monthly close above $66,753 signals a strong bullish continuation, reinforcing the likelihood of reaching previously identified target levels. As long as BTC maintains this level, the path remains clear for further gains.
