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USTBTC trade ideas

Bitcoin is bullish HTF, but short TF correction inevitable BTC closed last week above July weekly swing close 🔥 Multiple RSI on Month TF also shows bullishness, similar to what it had on March 2023 (after that BTC started it's bull run for ~278%). This chart is bullish, so whatever I write about pullbacks/dips, remember - I mean short term price action that is for buying. Bitcoin dips to 65500-66500 and bounce back fast should be taken as a fast bullish scenario. That would allow to add more to longs in both BTC and alts. The zone for potential wicks is around 63.5-64.5k - not sure how high are the chances for such a dip, but since it will surely bring panic to the market, it is absolutely possible.
by WiseAnalyze
#Bitcoin Update – 22 October 2024Assalamu Alaikum to all brothers and sisters, and welcome back to another Bitcoin analysis! #Bitcoin has experienced a significant pullback after hitting its all-time high of $69K. The price is now retracing, and as I’ve marked on the charts, the blue lines represent key support and resistance levels on the 4-hour timeframe. Yesterday, we saw a critical development—Bitcoin broke below the bold second blue line, which was an important support level. However, we haven't yet seen a retest of this line, and the price continues to push upward, trying to reclaim it. This suggests that we are still in a retracement phase rather than a full breakdown. Yesterday, I also mentioned our daily support level at $66,666, which remains a key point. If the price breaks below this level, we could see a more significant drop, possibly triggering a deeper retracement on the daily timeframe. What's Next? The next move will be crucial. If Bitcoin breaks the daily support and starts a more extended retracement, we might see the price fall towards Arrow #5 or even Arrow #6. However, Arrow #4 is an important level to watch closely. There’s also a possibility of a retest of the red line before any reversal. But for now, Bitcoin is showing signs of trying to break back above the 4-hour support, which could be a good signal. We must keep a close eye on this potential reversal. #ALTS (Altcoins) Altcoins are moving in tandem with Bitcoin’s current retracement. If Bitcoin manages to reverse from here, we could see a quick recovery in altcoins, reclaiming their recent lows. However, during this retracement phase, altcoins are more volatile, largely due to Bitcoin's influence and market dominance, as I highlighted in my previous analysis. Keep a close watch on this, and be ready for a reversal to start reopening our buy positions. Stay tuned for more updates, and as always, I wish you all a profitable week ahead! Stay patient, stay focused, and have a great day!
Long
by MoonTradingForecast
BTC - Bearish Short-Term...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term. The question is: until when or where? As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone. 📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
BTCUSDT short using proprietary multi-timeframe trend detectionBTC has rejected the short term trend (13D EMA) yesterday and again today on the H1 time frame. For the coming hours it will be quite interesting to gauge wether we see a reclaim of the H1 200D EMA or not. We've had a candle close below it and look to be targeting 65.5k - 64.7k in the short term. Would be a great zone to look for swing longs into new highs in my opinion. Entry: 66874 SL: 68007 TP: 64736 Short term I'd like to see the H4 close back below 66k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
Short
by backo3456
btcusdt shortbtcusdt short Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position INSTRUCTIONS: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20 Trading is not easy, there are difficult times too. However, with a lot of courage and strategies, we always end up coping with these bad moments. Don't be afraid to hit stop losses, there is no shame in hitting stop losses. fame doesn't make you a bad trader. Even a good trader does not win all of his trades, but he wins more than 75% of them or at least he remains positive or stable in his wallet.
Short
by RODDYTRADING
21/10/24 Weekly outlook (day late)Last weeks high: $69,001.51 Last weeks low: $62,475.70 Midpoint: $65,738.60 Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level. I would say judging by the chart I would want the downside to be capped at the Midpoint, continuing the trend pattern of higher highs and higher lows. The '21 ATH has been the biggest hurdle for BTC over the last 7 months with repetitive rejections, if the lows can keep creeping up then eventually we should get a spring above and that should be the move for an ATH run which should happen soon after if all goes well. Naturally we have ever increasing outside interference with the US election just around the corner, we know this is likely to cause volatility so be careful of that. Prediction markets like Polymarket have Trump as favourite, he is the pro bitcoin candidate so it should be a positive for the space if he were to be elected but you never quite know what will happen until it's confirmed. This week I want to see BTC continuing to make higher lows and higher highs. Altcoins have cooled off a little too after the initial BTC burst up from $60,000 so I'm looking for opportunities there too.
by ProR35
BTC: Impulse Wave 1 Complete, Awaiting Wave 3 SurgeIt appears that Impulse Wave 1 (green 1) has completed, with the necessary expanded ABC correction in place for Wave 2. Currently, BTC looks like it’s in Wave A of 5 of C. According to the Hurst cycles at the bottom, we should expect this corrective phase to last a few more days, up until the dotted blue line. If all goes well, this will lead us into Wave 3, where we can anticipate strong upward momentum and potentially ferocious lunges to the upside. This will be Wave 3 of 3, meaning we should see a substantial bullish move. The Hurst cycles suggest that Wave 3 could continue until around the 7th of November, making it interesting to consider how the U.S. election results on the 5th may influence this move. In any case, keep an eye on BTC for potential breakouts. Remember that corrections are healthy—and stay tuned for more updates!
Long
by cryptechcapital
Bitcoin and altcoin overview (October 22-23)Yesterday, we realized our main scenario for Bitcoin and transitioned to a downward trend. We didn't reach our zone of interest, but instead bounced off the lower boundary of the accumulated volume zone according to the market profile. At the moment, rotation within the range of $66,600-$69,000 is likely, with a probable capture of liquidity from below and a test of the nearest buyer's zone. Buying zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone). Selling zones: $70,000 level (market seller activity), $72,000 level (market seller activity). Interesting altcoins. For APT , a volume anomaly has been observed. We're looking at consolidation above/below the $11-$11.1 zone and opening a trade in the corresponding direction. A short trade is more interesting with the potential to reach $10.2-$10.
by Crypto_robotics
Continued bearish scenario for BitcoinIn the daily time frame, as we expected in the weekly analysis, we see the formation of a reversal candle with the appropriate volume to change the upward to downward trend, and also the level of 66600, which was the last level for daily support which we say 3candle formation , has been engulfed and the price has penetrated into it, which indicates the passage. Supporting it in the next encounter is clearly visible in the 4-hour timeframe In the 4-hour time frame, we have a change of charector and a downward range has been formed, which in the 1-hour time frame, by leaving the ascending wedge pattern, this range is placed below the 4-hour block breaker and the daily key level, which can be confirmed in the lower time frame. Enter the short trade if it is shown in the 15 minute time frame
Short
by MrHunterTradeInsight
10/20/2024 BTCUSDT bitcoin chart Elliot wave idea . Starting today, I will post my views on the Bitcoin chart. I will provide stop-loss levels with target profit and I will also enter positions myself. Afterward, I will review whether the analysis was correct or not. This year, Bitcoin has made a significant impulse wave upwards, reaching near 73,000, and is now undergoing a correction for a while. It seems we are in an big ABC downward correction, followed by a WXY complex correction as it goes up again. 1. I believe we are seeing a double three combination correction forming in a wedge pattern. 2. It seems that the 5-wave impulse wave has completed at the end of this complex correction in a "wedge form". Since the stop-loss level is short, it seems like a good entry opportunity. Setting the stop-loss at 69,500 and aiming for a take-profit at around 66,300 would offer a very favorable risk-reward ratio. One thing to be cautious about, though the possibility seems low, is that if the price breaks through 70,000, there could be a massive upward movement. Please be careful when trading. I will return next time to review whether the analysis was correct. Thank you :)
Short
by hcinteractivegames
2