BITCOIN (BTCUSD): Bullish Rally Continues Bitcoin will most likely continue growing after FED rate cut yesterday. The price violated a significant daily horizontal resistance and now heading towards 64200 level. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader114
Bitcoin: 2 Lessons About 56K Break.Bitcoin clears 56K support even while attempting to confirm a reversal in the 60k area a week earlier. With price back in the 53K to 50K area support, this is a time to watch for short term reversals as well as an investment opportunity. At the same time, there are two very important lessons to be learned from this recent support break situation. The arrow on the chart points to the 60K area where a week earlier price attempted to show support. Notice the green candle followed by the break of the high of that candle. That is a form of confirmation SPECIFIC to this time frame. With this clear long setup in place, the outcome was a stop out (break below the low of the green candle). The lesson here is this: Just because the market aligns and confirms, it does not guarantee a positive outcome. All markets are highly random and anything can happen at any time. This is precisely why RISK is ALWAYS the priority, NOT setups, wins, oscillators, news, etc. The whole point of waiting for a confirmation and setup (aka signal) is to be able to clearly define risk and reward and then decide if the trade is worth taking based on your personal risk tolerance and situation. Taking trades on hunches, stepping in front of levels based on feelings and/or opinions will get you into trouble in times like this while other times these ineffective decisions seem to work. If you accept that fact that markets are random most of the time, you will be better prepared to avoid decisions like these. While it is within reason for supports the hold in this environment, it is better to be prepared for BOTH sides of the situation. In my previous week's article I illustrated a scenario that the market completely ignored. In other words my anticipated idea was wrong. The second lesson is this: this is a NOT a game of being RIGHT, it is about defining risk and measuring potential. This is why WAITING for confirmation can help dramatically improve performance because the purpose is to prove that the market is aligning or agreeing with your anticipated premise. When there is no confirmation you can easily minimize adverse trades because you can't justify an entry. In the case of Bitcoin, there was a confirmation that failed, (green candle) followed by the test of the 56K area which attempted to reverse but NEVER confirmed on this time frame. Being able to avoid taking the wrong side of these support/resistance breaks improves overall performance significantly over time. This type of mindset is key for day trade and swing strategies. Bitcoin is now nearing the 53K to 50K support zone. This will present potential reversal opportunities on multiple time frames (Trade Scanner Pro helps with this). At the same time, price is now within a broader support area which is ideal for investment opportunities. The 50K area is a MAJOR support in terms of the bigger picture. At the same time, there are some positive fundamental potential catalysts on the horizon: lower interest rates AND an election outcome that supports a Bitcoin friendly environment. Either way the idea here is to have an "inventory" acquisition plan and to cost average larger amounts that are weighted in terms of price location. Meaning the lower price goes, the larger the amount you can justify buying. I am not going into all the details here, but this assumes Bitcoin is NOT going to 0 in the long run. Also if accumulating in this way it is safer NOT to use leverage. IF Bitcoin breaks 50K, (it CAN happen) the mid to low 40's is the next support area (a place to buy more). For the following week I anticipate a bullish reversal back into the 60K area and will be looking for setups across multiple time frames (day trades/swing trades). How you use this information will depend on the type of trade you are interested in taking. Either way, you have to begin with a premise, formulate a scenario around that premise, define a signal, then MEASURE the RISK if the signal appears. If RISK is not your focus, you are no better than the drunken poker player who pros warmly welcome to the table. Thank you for considering my analysis and perspective. by MarcPMarkets5596
Bitcoin at Critical Levels: Head and Shoulders Pattern in Focus!CRYPTO:BTCUSD At the time of writing, Bitcoin is trading at 59,771.36. Despite forming a Head and Shoulders pattern, a bearish signal with a ~70% probability of continuing downward, the price action is currently undecided. If the price breaks the neckline at 57,088.60, the bearish move could push Bitcoin down to the next target of 49,014.74. However, if the price manages to break above the breakout line from the head, Bitcoin could rally toward the 69,927.00 resistance level.Shortby SpicyPips3
ABC Pattern Keep it SimpleZoom out and the chart remains the same... keep it simple and stick to this ABC Pattern structure for BTCUSD. We are slowly edging towards the point of no return. Eventually, these prices will be unattainable. The supply of Bitcoin is shrinking but no one is noticing. Coinbase is issuing Bitcoin IOUs... why? Because they don't have enough Bitcoin to distribute to the big money they are asking for. When demand outweighs supply for too long what will happen to the price of that supply? Think COVID and supply chain issues... what happened to the price of basic goods that everyone needed and also the goods that people wanted like semiconductors. Pure eruption. Don't be surprised if Bitcoin doubles it price in a few weeks span when this rigmarole ends. Longby JasonValiceUpdated 4
BTC Approaches Trendline Resistance: Will It Hit 69,000 Next?BTC appears to be testing a trendline resistance. If it breaks through this resistance, there's a chance it could rise further and reach 69,000.Longby FXTradingAnalysisUpdated 115
Bigger PictureAn idea based on what has happened previously this year. If we zoom out on the chart and look at the bigger picture we will realize that the short-term hoopla does not matter in retrospect.Longby JasonValice4
Bitcoin forecast Hi traders. Bitcoin will start uptrend from left shoulder. Left shoulder in specified flag , is last remained orders in this scale Longby Market_Magazine4
BITCOIN could see a price @ 80,000 in the next couple of weeks. I know some have written-off Bitcoin at least in 2024. I never did because what you often see on Wall-street when banks and financial institutions have a bad day with their share price, its's the cryptocurrency sector that usually shines. Bitcoin has been helped along in its price by a head 'n' shoulders pattern on the daily chart & in the past couple of days has pushed higher in it's price considerably. At the moment 60,400. Bitcoin's 4 year in the making weekly-chart cup 'n' handle pattern is ready to pop, price now only 20% below the neckline. Now, if the US-Dollar breaks out next week as measured by the USDX-index, and I still have this compulsive urge that it will happen prior to FOMC next Thursday, after which the USD could seriously tank under $1 on an interest rate cut, well I believe that assets like Gold would initially sell-off on an interest rate reduction but I am not so sure about Cryptocurrency, in fact I think it could shine. Some are saying it's going to sell from here. I see 80,000 in a short space of time. * My own views and not to be taken as financial advice. At time of writing I have long positions in Bitcoin, ZRXUSD and DOGEUSD.Longby Easy_Explosive_TradingUpdated 3
BTC TRADE IDEABtc/Usdt is under big resistance where is Monday high as well. We can see sell off here after taking liquidity of Monday high and can target Monday low. I am going for short hereShortby Thebitcoin373
Bitcoin (BTC): Bitcoin back inside the zone of chaos!!Bitcoin is back inside the zone of chaos where the recent Federal Funds Rate was cut and the price broke fully all EMAs here. We are seeing currently a high dominance from buyers and we are monitoring for a potential breakout to happen from a zone of chaos. If we manage to breakout from this zone, then we should see yet another test of the upper resistance zone where we are going to look for a possible short setup, but if we see a weakness in current market price regions, then we might fall back below EMAs. Swallow TeamShortby SwallowPremium119
BTCUSD break trendlineBtcusd exit the KUMO. We want to see a pullback so that the can enter long at discounted price. Wait price retrace to Kijun for decision making.Longby AdamIdris23
Bitcoin versus NasdaqInstead of arguing if #Bitcoin will rocket or not, how about understanding where the lower risk entry points are? According to the evidence, there is no lower risk, higher probability entry point right now. I'm patient, and so should you be. You can avoid a disaster.by Badcharts3
btcI still believe that it can be attractive to buy at lower points. Current Bitcoin prices are not attractive for whales and big companies.by hosseinghaffari673
BtcusdtEntry 1h so I think this entry is safe. Leg one then flag snd fainally secone legLongby PEYMANDEHGHAN_792
BTC GET READY FOR BLAST OFFcup and handle lookin kinda juicy Can see a nice jump in these next couple week be readyLongby Juicyho3
Bitcoin (BTC): Another Rejection From 100EMABitcoin has made another liquidity sweep to 100EMA, where we saw a nice rejection once again. Most likely, if we see a good bounce back here, this should be a final conformational rejection and a further movement will be followed to lower zones! Swallow Team Shortby SwallowPremium7
Watching for 57-57.5K levelMorning folks, So, upside target of last week around 60.5K is done, H&S worked very nice. Now, I suppose, it makes sense to wait a bit and see what will happen around 57-57.5K support area. Reason is simple. Technically BTC keeps door open for both scenarios. Supposedly the Fed statement should be dovish and supportive to BTC, but only if they either change rate for 50 points (that I have big doubts about) or will tell something very dovish on conference. Right now we do not have any clear signals. So, our choice is to wait when market hits support area, then watch on 15-30 min charts for any bullish reversal patterns. If we get any - it will be possible to use them for long entry. If not, or if the level will be broken - it would be better to forget about long entry for some time. by Sive-Morten3
Correction It is expected that the price will stabilize above the support range and then continue the upward trend. If the price crosses the resistance trend line, the upward trend is likely to continue Shortby STPFOREX3
BTC Bitcoin Bullish Inverse Head And Shoulder Bitcoin's monthly chart is showing an inverse head and shoulders pattern, suggesting bullish momentum could be building. 📈🚀 Keep an eye out for a potential breakout! #Bitcoin #Crypto #BTC #BullishLongby TradingMula3
Bitcoin's Downward ChannelOn the daily chart for BTC/USD, we can see that the price is currently trading at the upper end of a descending channel, indicating resistance. The price has been consolidating within this channel for several months, and it appears that Bitcoin is struggling to break above this resistance zone. Given this bearish structure, it is likely that we will see a downward break from the channel, pushing the price lower towards the $41,000-$39,000 support region. However, I believe this pullback will be followed by a strong bullish move, as the price is likely to find support in this area and potentially start the next leg of the bull run.Shortby AmirHossein.J3
BITCOIN BULLISH TO $77,000 (NEW ATH)I still believe that Bitcoin has a chance to create a new All-Time-High in the coming months & shake out early sellers, same way late buyers have been liquidated recently. ⭕️A-B-C Correction (Sub-Wave) Completed on Weekly TF. ⭕️Major Wave 5 Impulse Move Yet Pending. ⭕️Liquidity Pending & Price Compression Pattern Identified. Invalidation zone below previous Wave 4.Longby BA_Investments4
September 20 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is no separate Nasdaq indicator announcement today. In the section with a high possibility of sideways movement, I created today's strategy centered on Tether dominance. *One-way long position strategy when the red finger moves 1. $62,924 long position entry section / stop loss price when the green support line is broken 2. $64,272.5 long position 1st target -> Top, Good, Great Target price in order during the weekend If the strategy is successful, You can use additional long positions in the wave section that proceeds from the last red finger. The movement within the orange resistance line / green support line is an extreme sideways market. From the breakthrough of the 1st section at the top, it is an upward trend section. From the touch or breakout of the 2nd section at the bottom, It can fall to the next pattern, the 1+4 section, Bottom. Please check the 3rd price support line at the bottom until the weekend. Up to this point, I ask that you simply use my analysis for reference and use only I hope that you operate safely with the 6 principles of trading and the stop loss price. Thank you.Longby BitCoinGuide4
BITCOIN $94K to $145K !!🌱 BTC exit plan strategy - Currently in larger degree of Wave 5, which is the shortest dated and most aggressive wave up. I'm expecting it to peak around $94k to $100k being an achievable target with an optimistic target of $145k. After that, we'll probably see a distribution phase driven by euphoria--think soft landing hype and trump's crypto endorsements. As BTC hits those highs, altcoins are likely to catch all the liquidity and start outperforming. When the bullish sentiments peaks, that's probably the real-mid cycle top everyone's been talking about. I also think that this consolidation phase lasted for so long, so when BTC breaks out of this range, it creates a MASSIVE EMOTIONAL GAP and everyone will start FOMO-ing in.Longby chase_IDR7