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USDTBTC trade ideas

BTC before final moments: ready to jump? (1H)Hello, fellow traders! I want to share my thoughts on BTC. Looking at the 1H chart, we see the price has recently touched the weekly resistance line. It is now hovering just above the line instead of breaking out, which is ideal. I've adjusted the time of the US election and Federal reserve interest rate announcement based on where I live. The US election is scheduled on the 5th and the initial result will most likely be available before the day ends. Even if it doesn't, general projection would be informative enough to stimulate the market to move accordingly. Western states including California will be the last to close the polls and start processing the votes, but it's likely that the outcome become clear enough before they even finish the process. So my guess is the market would already start moving by 10-11PM (ETZ) since market tends to move ahead based on assumptions. This is around 6PM of 6th in where I live. If the vote process takes longer (because of the close race or whatever other reasons) than usual, it might take additional 2-3 days which would cause a lot of volatilities that would eventually abate as the result becomes more comprehensible. I also want to address the US federal reserve interest rate announcement which is scheduled this Thursday - just after the election. This will again impact the crypto market heavily - many are expecting the rate cut for economical growth and if this is true, chances of BTC bull run will definitely increase. Many are predicting BTC to reach ATH, even up to 90k, 100k, 1m, and some are saying that the bull run will begin no matter who becomes the next potus. Back to the chart, we see price slightly rebounding as it touches the weekly resistance line. However, the breakout of the downtrend (marked as a red line) is yet to happen. If the outcome of this election and the interest rate announcement come out favorable to the market, I can only imagine a breakout, then a bull run starting with big momentum. I've read a lot of posts, comments and news about BTC, I see some saying the halving will begin after the election, others saying BTC will double - interestingly both side had evidence to back them up. Maybe both are true! I don't think we can comfortably rely on the past data. People have different strategies, different experiences, resulting in different conclusion. What I understand though is nature of market movements - it moves according to the psychology. And the outcome of the upcoming election and change of interest rate will definitely either encourage people to invest more or withdraw their investments. Conclusion: My strategy for BTC is if the breakout (of the red line) occurs and both election and interest rate come out favorable for the market, I will enter LONG. All the hypes around BTC, current election predictions, news about rate cut really give us the excitement but I don't want to assume anything yet. I'm just hoping the timing of the breakout aligns with these two events to maximize momentum. Frankly, I'm looking forward to seeing the results but I'm also not going to try to predict them because I've been wrong many times and have learned from those experiences not to make predictions. Instead, I will react. If the market moves opposite direction, we'll just simply enter opposite position and take profit. It's that simple.
Long
by QJEEE
6
Bitcoin (BTC): Do Not FOMO, Wait For Perfect Moment!! The weekly candle broke out of a major resistance zone, thanks to the U.S. election, optimism near ATH, and FOMO over a potential new bullish cycle. We’re taking a more logical approach here and see a necessary movement back to the broken resistance zone around $68K. For a healthy start to a bullish market, we need a solid correction that confirms this broken zone on the weekly timeframe. Once we see that, we will be ready for new bullish movement and new ATHs. Keep in mind, there’s a lot of talk on every platform about the bullish cycle starting and not missing out—classic FOMO and greed. Don’t fall for it. This time might play out differently, especially with ETFs in play and people getting smarter about “following history.” Remember, the market’s main goal isn’t to make money from thin air but to draw in money from those who don’t know how to manage their accounts properly (we call them gamblers). Stay safe, and let’s see where we’re headed from here. 😉 Swallow Team
Long
by SwallowPremium
BTCUSDT CORRECTIVE PROJECTIONIt looks like BTCUSDT is setting up for a massive correction. There are signs indicating a potential correction, such as a reversal pattern and divergence signaling low volume. The falling wedge is still holding the price, but it may break down to its support level. Indicators are favorable for a corrective wave; we’re just waiting for the breakdown to move downward and find strong support before moving up again toward the target. Trade at your own risk.
by yuriakashi
2
Be aware, BTCUSDT likely to retest!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze BTCUSDT on higher time frame: Bitcoin experienced a significant 16.86% surge last week, breaking out of an inverse head and shoulder pattern following the US election and Trump's victory. This substantial price increase has boosted Bitcoin's dominance to nearly 60%. BTCUSDT reached a peak of $81,846 on Binance. However, a potential price correction from $83,000 to $85,000 range is expected, allowing for a healthy retest or sideways consolidation. As a result of this Bitcoin rally, smart money is likely to flow into alternative cryptocurrencies, particularly meme coins, Layer 1 blockchains, real-world assets, and some large-cap tokens. Bitcoin is expected to retest two key support levels: $73,000 to $70,000 zone $64,000 to $61,000 zone It is advisable to take profits at opportune moments and consider dollar-cost averaging (DCA) to accumulate positions at favorable prices. If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t
1
Where are you going dear crypto? (long term)Bitcoin finished 5 weekly wave in end of 2021 and we are in more complex forth monthly wave. So where we are? TOTAL3 also finished 5th wave and alt coins are in corrective move (ABC) - look at elliott wave oscillator and squeeze indicator BTC.D looks like accumulation structure. Note: I am not sure if we saw spring yet. ratio TOTAL3/BTC looks like triple top (ratio 1 looks like strong resistence) and rising wedge with decreasing volume.
by sodae
3
Bitcoin Breaks All-Time Highs, But a Pullback May Be LoomingAlright, folks, I hate to break the bad news, but it looks like the rally may be over. If you look at the weekly chart, Bitcoin's massive Cup and Handle pattern pushed it effortlessly past its target of $75,021.83, setting new all-time highs. The price has surged above the key yellow trendline, a level where Bitcoin has historically faced significant resistance and has been rejected multiple times. However, we do not expect this candle to close above the trendline. Instead, we’re anticipating a pullback, with Bitcoin possibly dropping to around $48,072.11. Here’s why In the past, Bitcoin has consistently struggled with this resistance level. Even when price action spiked above it, the candles failed to close above, consistently dropping back below. This historical pattern suggests the current breakout may not hold, and a rejection followed by a decline is likely. The recent rally happened quickly because once Bitcoin broke through its resistance, it triggered a surge in buying momentum. This is common in markets when key levels are breached, it often leads to a rush of bullish activity as traders and investors pile in, driving prices higher. However, such rapid moves can be unsustainable if there's no fundamental support or if the resistance levels prove too strong to maintain. The rally in Bitcoin could also be partly attributed to broader market optimism, often driven by political events. When markets are buoyant, Bitcoin seen as both a hedge and a speculative asset benefits from increased risk appetite among investors.
by CryptocurrencyWatchGroup
Bitcoin give us new chance to reaccumulateHello my dear friends I'm calling you friends because only real traders market fans would be here in this wonderful platform. Thanks to Tradingview team . my though was happened in recent mount almost exact the same as I guess but in 70k zone something little bit different happened and that was fast rejection trough only 1H time frame. I succeed to only sell 10% of my position in 69900 exactly. now we are looking for buying more bitcoin and adjust the buying average price because we want to be in profit as soon as the price making GREEN candles. from 57000-51000 this zone might be as same as 20000/26000 zone of the last year.
Long
by Sepiknows