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USTBTC trade ideas

Bitcoin (BTC): Price At Major Resistance Zone / RSI is StableBitcoin on a weekly timeframe has reached the major resistance zone. While Bitcoin is at that zone and we are looking for some major moves to happen soon (downward movement), we have one slight concern here, the RSI. RSI is stable while marketprice is near ATH zone (where previously when price was near this zone we were in overbought zone with RSI), so our gameplan is next: We want to see a possible quick liquidity grab to upper zones and then a sharp rejection where sellers will dominate every zone on the way down! Swallow Team
Short
by SwallowPremium
25
What do you think will happen to btc?our trend is upward, as you can see, and our priority is a long position in the direction of the trend, but we can do a little risky work, why? 🤔 The candlesticks are telling us that Rondo is weak. Also, there is a strong daily resistance area that has hit it and started to fall. We could get a reaction or if the channel is broken, I think it is possible to open a short position, but you have to save profit very soon, at least r2, and I have specified the supports that I think can react. If your strategy gives you a short position, I think you should open it with low risk. Because you did not get the approval of the change of the process😶‍🌫️ stay alive.🫡 ⚠️ Do capital management ⚠️
Short
by parsa_xa
BTC Trapped? Or Ready For Another RunSince hitting its high in March around 75k BTC has been trapped in a megaphone consolidation pattern. Locally we have been trapped between 49k and 70k. There is no way to know if the pattern will continue but the longer it goes on the more likely it is to brake. Current trading plan is to stick to the short side until the pattern brakes showing a clear sign of strength. Higher prices are certainly obtainable but since reaching that forcasted higher we have been in a down trend that simply hasn't ended yet. If the pattern continues and that is a big if we would expect another lower low. Looking at the volume profile we see a large low volume gap between 45 and 55K. 49k may be a sufficient low. It was a near perfect 38% retrace to the last low of 25k. If we head lower the value area high around 45k would be just above the most typical retrace of 50% creating a reasonable target area if there is more down side. Current Trading Plan: Continuing to target downside moves until the previous swing high of 70k is clearly broken with more than a wick and targeting the 45k area. The longer we consolidated WITHOUT dropping the more likely it is that sellers have been absorbed and 49k is as low as we will see. Trade Well.... Your Friend, Degen
Short
by Degen-Dynasty
Market overviewWHAT HAPPENED? Last week, we implemented one of the scenarios we noted for bitcoin – we consolidated above the zone with anomalies along the delta and continued the upward movement. WHAT WILL HAPPEN: OR NOT? At the moment, we’re close to significant levels where the seller can prove himself. There is also a weakness of the buyer – the highs are updated weaker and weaker, so there is a possibility of a sharp corrective movement. We draw attention to the important buy zone of $66,000-$65,100 (volume reaction), from which we can get a rebound in the development of this scenario. A continuation of the upward movement from current prices is also likely, but joining it looks dangerous. The main scenario remains long-term, there is a high probability of an ATH update in the coming weeks Buy 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). Sell zones: $70,000 level (seller market activity), $72,000 level (seller market activity). IMPORTANT DATES Macroeconomic events this week: • October 23, Wednesday, 13:45 (UTC) — publication of the decision on the Canadian interest rate; • October 23, Wednesday, 14:00 (UTC) — publication of a report on home sales in the US secondary market; • October 24, Thursday, 12:30 (UTC) — publication of the number of initial applications to receive US unemployment benefits; • October 24, Thursday, 13:45 (UTC) — publication of the index of business activity in the US manufacturing sector and the index of business activity in the US services sector for October; • October 24, Thursday, 14:00 (UTC) — publication of the report on new home sales in the USA for September. *The post is not a financial recommendation. Make decisions based on your own experience.
by Crypto_robotics
BTC over 70K???In my previous post, I have predicted the continuous downtrend of BTC. Many people are getting hyped up over if BTC will reach 70K or not: some are expecting a breakout this week while others don't. While the price of BTC rose above the upper level of the downtrend(marked as a black line), it has met a resistance at 69.4k which was my entry price for short. And though I cannot tell certain (like everyone else), I can only guess there might be a support in 68k if the price keeps dropping where numerous price actions have been seen in past few days. The more obvious support level, however, will be 67.7k, which is the upper level of the downtrend which will now act as a support level. So if the price hits this level, I can only imagine major price actions will happen. Of course this doesn't really tell us anything about the future: the price could continue to drop after the consolidation, or it could gain the rebound momentum and rise up again. Nobody knows the future, really, it is up to you to decide: long or short. But most important thing is, in my opinion, is NOT to predict, but to react. My prediction for short was based on the knowledge that BTC has met the resistance level and therefore will certainly show some actions, even if it will eventually continue the breakout. So I won't be mad if BTC rises again, because it's still a win for me, though it was smaller than what it could've been. Remember: react, not predict! That's how we make money in this field :)
Short
by QJEEE
Lingrid | BITCOIN Bullish SIGNAL: channel BREAKOUTThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT has finally broken and closed above the downward channel that has been forming since May. In the bigger picture, this movement resembles a bullish flag pattern, which is typically a trend continuation pattern. We've seen a similar scenario play out recently in the gold market. After the breakout, it’s normal for the market to lose some momentum, and I anticipate a pullback to retest the channel border and the upward trendline area. Additionally, it's worth noting that the price action is forming an AB=CD pattern, with the completion point expected to be around 72,000. This setup could provide a solid opportunity for further bullish movement. My goal is resistance zone around 72500. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
What is your game plan with 218Mil, you want 70,074 right?If I have calculated this right, the whale is going to hit 70,074 before exit, now he is still driving the price down to 68,261 flushing day traders out from the system. Wait until reversal confirmation, and you can ride the trend. Stage 1: Accumulation Phase (Drive Price Down) <---- We are here Stage 2: Stabilization Phase (Bore the Day Traders) Stage 3: Propping Phase (Establish New Support Level) Stage 4: Pumping Phase (Attract the Masses) Stage 5: Fake-Out and Stop-Loss Triggers Stage 6: Whale Exit (Dump Phase) It might take sometime to bore the market. Be patience....
Long
by SamniNoDen
BITCOIN ON ITS WAY UP TO ATH. TECHNICAL ANALYSIS + TRADE PLAN Technical Analysis + TRADE PLAN by Blaž Fabjan. The image highlights an ascending triangle pattern. This is generally a bullish continuation pattern, especially if formed after an uptrend (as indicated in the chart). The price is consolidating near the resistance level, and a breakout is expected. Resistance and Support Levels: Resistance at $73,655.67: This is the key area the price needs to break above for a significant upward move. Support levels are marked at $68,556.87 and lower at $66,333.98. Price is currently hovering around $69,000. Indicators: VMC Cipher B: There are divergence signals, which often hint at potential reversals or strong continuation. The current setting shows a neutral position, but the past few signals indicate potential upward momentum. RSI (14): Currently at 67.42, close to the overbought zone (70). This suggests momentum but also indicates that caution should be exercised as it approaches overbought conditions. Stochastic RSI (14): Shows a reading of 72.43, also close to the overbought region. This is a confirming signal for potential bullishness but requires monitoring to avoid overextension. HMA Histogram: Shows bullish momentum (green) but with signs of weakening. This is typical before a breakout but worth monitoring. Volume: The volume remains neutral but could spike during the breakout above the resistance zone, further confirming the pattern. Trading Plan: Entry Strategy: Aggressive traders: Could consider entering a long position now, given the ascending triangle pattern and anticipation of a breakout. Conservative traders: Wait for a clear breakout above the resistance level at $73,655.67, confirmed by higher volume. Enter long on a retest of this breakout zone. Stop-Loss Placement: Place the stop-loss just below the support level at $68,556.87, or slightly lower to $66,333.98 for more conservative risk management. This will protect against any false breakout or trend reversal. Target Levels: First target: $74,000-$75,000 region (as indicated in the image by the upper blue line). This would correspond with a clean breakout. Second target: If momentum continues, aim for $78,000 - $80,000, which is the next major psychological resistance level. Risk-Reward Ratio: Ideally, maintain a risk-reward ratio of 1:3 or higher. For example, risking 1,000 points for a potential reward of 3,000 points, depending on your entry and stop-loss placements. Exit Strategy: Partial Profit-Taking: Consider taking partial profits at the first target to lock in gains, moving the stop-loss to breakeven to secure the trade. Full Exit: Close the position if price action significantly retraces back into the triangle or breaks below support zones. If the trade reaches the second target zone ($78,000-$80,000), consider a full exit. Risk Management: Limit the position size to avoid overexposure. Risk no more than 2-3% of your portfolio per trade. Use trailing stops to capture more profit as the price moves in your favor. Market Sentiment and Confirmation: The ascending triangle and technical indicators are leaning bullish. However, confirming volume on the breakout is essential to avoid false breakouts. Global economic factors and BTC news should also be considered for additional confirmation, particularly around major support/resistance levels. By following this trading plan and being mindful of the market conditions, you can take advantage of a potential bullish breakout while maintaining proper risk management.
Long
by elfabiiani
1
one last tiny dump before pump?On the top of historic resistance but we also have the Chinese cutting rate I think we have a real recipe for a blow of top going into election/2025. I can't quote the exact source but I believe CB's can start holding BTC beginning 2025 so in my opinion that the reason for the price suppression. They do not want to miss out and are using the structure of the ETF's to surpress the price. Anyways we are close to in buy up quality projects and don't forget to hit the sell button. NFA
Long
by TradeBroInc
BTC reacting at trend line on Daily TFPA touched the trend line that I've been anticipating for the past few days and now showing a nice reaction. This could potentially be the beginning of the retrace on the daily TF that I've been waiting for. There is also the possibility of a minor retrace then continue momentum upwards, if that happens, I'll jump into market longs at semi-large positions. However, if it does retrace from here, I've marked the potential reversal points in yellow circles for reference. Trade safely! *Summary: I'm currently bearish during this retrace until PA proves that the momentum continues upwards.*
by Nate36989
BTC! To be or not to be ?In this chart if you look closely you will see just a pump with no fundamental rationale! I have done my research and if my birdies are right Black Rock has gotten the SEC clearance for the BTC Fund but they have not started the drive. Just a thinking point for you. Blackrock is the biggest asset manager out there in the known universe. So do you think Larry Fink will buy BTC at these prices? He will drive it down and accumulate. You all have brains you do the maths and determine the median!! I have given you my viewpoint!
Education
by ccpudaism