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Bitcoin-btcusd

BITCOIN fully supported targeting $170k after the ATH breaks.Exactly 3 months ago (August 05, see chart below) when the price was on the 1W MA50 (blue trend-line), having hit it for the first time since the week of March 12 2003, we claimed that this was the last stand for Bitcoin (BTCUSD) if the market wanted to maintain the Bull Cycle, as based on the previous 3 Cycles, it was the absolute supporting trend-line: The 1W MA50 eventually held not once but twice and that gave way to a rally that last week tested the 73800 All Time High (ATH). That is incredibly bullish, especially only two days before the U.S. elections, as from the historic patterns we've shown you before, a Parabolic Rally has started after each election. So according to our August comparison chart, if history is repeated, BTC is looking towards at least the 1.618 Fibonacci extension from the ATH, which is roughly a little over $170k. But what do you think? Are you expecting the ATH test to start a massive rally similar to all previous Cycles? And if so, is $170000 a realistic Target? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
17
Bitcoin: Small Dip to $49k Or Crypto Winter down to $15k?There are two potential options for Bitcoin price. 1) Price will complete ABC correction as we have A-B in place already. The wave C could retest the valley of wave A at GETTEX:49K 2) Large red second leg down could complete a bigger correction. It could retest the bottom of leg 1 around $15k. Only below GETTEX:49K we can see what structure is unfolding. What are your thoughts why such a huge collapse is possible? Media says miners start switching to AI investments to drop cryptos. Please share your thoughts down below
Short
by aibek
1
BTC's Next Move After the 67K Test: Deeper Correction Incoming?GM crypto bro's, back to reality! Fear & greed index is at 70 (still greed), while stoch RSI hits oversold. Our previous target of 67K was visited. So, where does BTC head next? On the H4 timeframe, no clear pump signals yet. On the D1 chart, we’re eyeing our familiar range of 64K - 63K, as greed persists and a deeper correction is possible. Crypto is tough, as tough as life itself. Stay cautious, avoid FOMO, and always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
INDEX:BTCUSD
by x_Akki
BTC USD UpdateAnother monthly bullish candle has closed, but the bullish bias stopped the trend just before the all-time high in BTC/USD pair High liquidity has been grabbed, and we've seen a massive bearish reaction. I have a runner and a stop-loss below 65,149.51. If we lose this level, we're in bearish mode. Let's see what market makers are planning to do this week and what the overall end-of-year price action will be. I'll try to share some good setups, but going long just before we missed taking out the high looks a bit risky, so I'm in scalping mode, sitting behind order flow software and trying to catch a high-volume ride somewhere. I'll keep you posted!
COINBASE:BTCUSDLong
by themarketknight
BTC's Tug-of-War: 67K Dip or 76K Breakthrough?GM crypto bro's, happy weekend! Fear & greed index is at 74 (greed), with the stoch RSI nearing oversold. BTC still hasn’t closed below 69K, hinting at a possible pump to 76K. However, in this greed-driven state, it might be hard for BTC to rally up. Current price action suggests a potential drop to 67K is more likely. But probabilities are just that—possibilities. Stay safe, avoid FOMO, and always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
INDEX:BTCUSD
by x_Akki
Bitcoin: Double Top Or Buying Op?Bitcoin missed all time high by 200 points. Are you long from the RISKIEST price location since March? If you observe this price action from a larger time frame (weekly), you should recognize the failed high which is a variation of the classic double top formation. If you got long betting on the break out (on this time frame) and a red candle develops the next day or so (see arrow), that is usually a good reason to exit in order to avoid the 6K to 8K associated risk. Rather than getting stuck in a painful position, it is far more effective to gauge the probability and RISK in advance and adjust to it. Let me explain. There is no question, Bitcoin is generally strong, but that does NOT guarantee a break out will follow through. Betting on break outs is a viable strategy, you just have to know how to manage the position if it fails. The main idea here is you MUST accept the fact that there is NO WAY To know if the break will fail or succeed in advance. All you can do is ask: if it fails, how much risk am I taking? And your answer will depend on the time frame you are operating within. The larger the time frame, the greater the risk. In the case of the daily chart, the next support is the 68K to 66K area (old resistance/ new support). Also when taking such a trade, you should be acting on specific entry criteria (some kind of pattern) that provides some level of objectivity to your decision making process. IF you got long as a reaction to a price spike. or worse, as a result of consuming mainstream news, you will find out the hard way that acting on low quality information makes you a profit opportunity for someone else. For optimal results (and to profit from those who react to noise) you MUST have a clear decision making process that defines profit objectives/risk the same way for EVERY trade or investment you make (Trade Scanner Pro). So what about buying this pullback? That is sensible BUT I have yet to see a buy signal. The location is attractive (see illustration), but without a signal there is no way to measure risk. The other important point is to have a realistic profit objective in terms of PROBABILITY OF PROFIT. While a "higher high" is likely in a bullish trend (74K+?), you have a greater chance of exiting green at a lower price (test of 71.5K). This decision depends on your degree of confidence and willingness to embrace risk. While price is favored to make the higher high, there is NO guarantee. Accept the fact that there is NO WAY to know for sure. You place a bet and hope it works out. And if not, you have a plan in place to control the risk. That is the trader mentality in a nutshell. If you look at my previous articles, my forecasts (illustrations) have been wrong. I have been anticipating a retrace to a support, but Bitcoin does not agree. It is important for you to understand that at highs I will usually look for a pullback and at lows I will look for a bounce. While this does not work 100% of the time, it has helped me effectively navigate this range bound market that Bitcoin has been gyrating within since March and has yet to break out of. Unlike many "gurus" I do not pretend to be able to forecast the future, I simply play the probabilities, just like going all in on pocket aces before the flop. It doesn't ALWAYS work, but probability favors a positive outcome because that is the strongest hand you can start with. The more time you factor into an idea, the less of a chance you have of being accurate. This is because markets are HIGHLY random. Price has retraced off the high and that is ideal for a swing trade long (which can be good for a few days/week). Its just a matter of confirmation at this point. What happens after that is anyone's guess. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
6
BTC at a Crossroads: Correction to 63K or Pump to 77K?GM crypto bro's, happy weekend! Today, the fear & greed index stands at 72 (greed), and the stoch RSI is nearing oversold territory. Today's outlook remains similar to yesterday. If BTC's daily candle closes below 69K, a strong chance exists for a visit to the 64K-63K range. But if it holds, we might see another pump to 76K-77K. Stay sharp and avoid FOMO. Always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD Potential Trend ContinuationBTCUSDT has established a triangle pattern on the daily chart, which typically suggests trend continuation. This formation is taking shape just below the key psychological level at 70,000, hinting that the market might be gearing up for a breakout. The last weekly candle—a long-tailed bar—signals potential buying interest, reinforcing a possible upside. As we approach the monthly candle close, a close above September’s high could provide further confirmation of upward momentum. In the short term, a pullback or a fake breakout of the triangle pattern may occur, potentially leading to a retest of the all-time high. The target is the resistance zone around 72,000
BITSTAMP:BTCUSDLong
by RTED_Investing
Bitcoin takes off when the Fed levelsToday, BTCUSDT tends to increase with this currency currently fluctuating around $ 69,400. The market predicts the Federal Reserve may temporarily suspend the interest rate increase cycle, capable of weakening the dollar and promote the attraction of Bitcoin as an alternative asset. In addition, the increasing investment of organizations in Bitcoin has contributed to the positive motivation for the cryptocurrency market. Technical analysis: BTCUSDT is currently checking the trend of increasing trend at a support level around $ 69,500. If the price is held on this trend and surpasses EMA 34 and EMA 89 (currently $ 70,765 and $ 70,768), the price increase will be strengthened. The next goal may be in the range of $ 72,000 - $ 73,000.
Long
by UnknownUnicorn86525521
BTCUSDTHello all dear traders! BTCUSDT is trending up today with the coin currently hovering around $72,300. Technically, although BTCUSDT is rising, there are clear signs of overbought conditions with immediate resistance at $73,300 and the higher high at $74,000 yet to be broken. This could lead to consolidation or a pullback in the short term. However, given the overall market structure, Bitcoin could be on the verge of exploding higher in the coming months.
Long
by UnknownUnicorn86525521
2
Monthly Octobull Closed, next Eyeing Corrections or insane pump?GM crypto bro's! New month, new profit. October closed with a strong octobull candle. Today, the fear and greed index is at 75 in the greed zone, while Stoch RSI shows rejection from the overbought area. The correction range of 70K - 69K we mentioned yesterday has been hit. On a monthly view, deeper corrections to our old zone at 64K - 63K, or even 61K, could unfold if BTC drops below 69K. Immediate bullish targets are at 76K - 77K. Seeing the greed out there—don’t FOMO! Akki signing off, stay alert and SAFU.
INDEX:BTCUSD
by x_Akki
BITCOIN Closed 2 straight green 1M candles after 7 months!Bitcoin (BTCUSD) is closing today the monthly (1M) candle and unless it drops by 7000 in a few hours, it will close the month of October in green. That will be the 2nd straight green 1M candle since March! This 7 month consolidation period is no stranger to BTC as such patterns, where there are no straight green 1M candles, are standard Accumulation Phases that we see during Bull Cycles. So far on the current one we've had three (including March 2024) and once the market closed 2 straight green 1M candles, it rallied. The 2019 - 2021 Bull Cycle had three such straight green candle occasions and a very clear Accumulation Phase, while the 2015 - 2018 Cycle had numerous. One thing is clear based on this multi-year chart. When the market closes two straight green 1M candles, it is always a good signal to buy. But what do you think? Do you find this indicator reliable? Are you buying based on this? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
8
Bitcoin Resumes Its Bullish TrendBitcoin with ticker BTCUSD remains in a higher degree bullish trend as expected. After we recently spotted wave IV correction on a daily chart, we can now see it resuming higher for wave V with space up to 100k area that can be achieved by a new lower degree five-wave bullish cycle. Basic Impulsive Bullish Pattern shows that Bitcoin can be trading in wave 3 of V, so more upside is expected. Later we will just have to be aware of subwave 4 pullback before a continuation higher for wave 5 of V.
BITSTAMP:BTCUSDLong
by ew-forecast
1