#BTCUSDT.P Daily trades//setup 1/5RR LONG X3 LEVERAGE# hello TRADERS , hope you’re doing well
This our TRADE setup for today no further analyses of the entry since this position is lower-timeframe Based
######### POSITION SETUP ########
recommended leverage: X3
ENTRY POINT :58822
SL: 57730
TP:64500
### Not financial advice disclaimer ###
#You can use leverage at your own responsability and according to your risk management strategy
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Bitcoin-btcusd
bITCOIN mADE gOOD cONSOLIDATION bEFORE bREAKOUT! watch out..Hi..
Just want to update my view on Bitcoin today..
This morning Bitcoin made 2 important touch on it's consolidation area (the triangle).. First touch this morning was the false breakout to the upside, then right after that false break, price went down and touch the lower base of the triangle.
The triangle itself going narrow and narrow, and it will determine where will the price goes next.
I have two possible scenario for now.. (you can have a look on the chart), one is BTC is consolidate a liitle more on the triangle before take off to the target (see TARGET 1 and TARGET 2 on chart), or it would break the lower trendline and goes to next fibo level 61.8% before it goes up.
I don't think there are any other scenario for now.. good luck everyone!
CHEERS!
Bitcoin's Accumulation Phase Signals Breakout Potential🤖🚀 Bitcoin's Next Move: Accumulation Phase Signals Breakout Potential! 💡🌐
Hey everyone, it’s been a while since Bitcoin has been moving sideways, consolidating in a classic accumulation phase. We’ve seen buyers and sellers taking their positions, and the anticipation is building for Bitcoin to make a significant move. The big question is: will Bitcoin break higher, or is there still a chance to buy at lower levels?
From mid-March until now, BTC has been consolidating, and according to my book, whales might be looking for another opportunity to buy in the GETTEX:48K to $53K range—a zone that was recently tested earlier this month. Particularly, on Monday, August 5th, we saw a dip where liquidity was quickly absorbed between GETTEX:49K and $53.5K. During that week, the whales took advantage and feasted on over-leveraged traders, reinforcing the importance of staying cautious with leverage.
So, what’s next? Could we see a push towards $68K and then $79K, or will the whales trigger another shakeout below the $56K mark? The market is at a critical point, and the next few weeks could be decisive.
What do you think? Will Bitcoin break out, or is there more accumulation ahead? Let me know your thoughts in the comments below!
One Love,
The FXPROFESSOR 💙
Bitcoin Contracting before ExplodingBTCUSD has seen a solid rebound off a crucial support level, successfully capturing liquidity at the previous month's low. Over the past week, the daily chart displayed choppy price action, leading to a period of consolidation within a tight range. Notably, the weekly timeframe has formed an inside bar pattern, signalling potential indecision among traders. A break and close above 63,000 could provide a strong bullish signal, potentially driving the market toward the next resistance level at 73,000. The upward momentum could persist, especially if the market rejects the prior week's low. On the 1H timeframe, a classic triangle pattern is unfolding, suggesting the price may continue oscillating within this structure before making a decisive move. The target is the resistance zone at 63,400
Bitcoin: Play Support/Resistance Or Stay Away.Bitcoin has established a higher low off the 56K support area as anticipated in my previous article. From here a test of the 62 to 64K resistance area is within reason over the coming week. No matter what information you consume, the price action at this time is clear: Bitcoin is still INSIDE a broad consolidation. This means UNTIL it can demonstrate a breakout one way or the other with conviction, it is best to anticipate the consolidation to continue. This means paying attention to action around notable support/resistance levels that are relevant to your strategy time frame.
In the markets, there is a tendency for "history to repeat itself". I understand this to mean the human behavioral element behind the price action. I mention this because if you notice, the low 64K area has numerous repetitive reactions over the previous few months (see arrow). The reason why does not matter, what matters is that there is a particular kind of price action around a level that can be anticipated in the near future. How you utilize this information will depend on your strategy specifically. For example, if you are looking for day trades you may not use it the same way as someone looking for swing trades, etc.
Another aspect to keep in mind is the fact that we are now entering into the SLOWEST time of the year in terms of participation and volume. Weeks 3 and 4 of August are usually slow, erratic and very tough to navigate particularly on smaller time frames. Volume usually returns back to normal by the first week of October. This is NOT precise, but a tendency that I have observed over the years. This means it is usually better to be more selective about setups, take more time off and/or paper trade more. Low volume does not imply bearishness per se, but it can increase the chances of slow grinds either way, lack of follow through, price spikes that fake out, etc.
Play the support/resistance or don't play at all. When operating on smaller time frames you can consider this situation from both sides. Look for confirmation of momentum continuation patterns on the long side until price reaches the 62 to 64K area. From there look for confirmations of bearish reversals. "Confirmations" is synonymous with "signals" generated by my Trade Scanner Pro.
When markets consolidate like this, technical analysis can help immensely when it comes to evaluating potential, risk and probability. I repeat this often, this is NOT about forecasting the future, it is about using previous information to identify potential and measuring the associated risk. This is what CONTEXT is all about and where trade ideas begin. To have chance of winning you must be able to anticipate while at the same time account for the possibility of being wrong. This is NOT about hunches, feelings, opinions or logic. It is all about being a good "listener" of the market because it is ALWAYS right.
Thank you for considering my analysis and perspective.
Bitcoin | Descending Broadening Wedge Consolidation Continues!!Descending Broadening Wedge Consolidation Continues..!!
Bitcoin has been consolidating in a Descending Broadening Wedge pattern since March 2024.
Bitcoin is bouncing back nicely after the August 5th crash and is now heading towards the $69-70k resistance area.
Bitcoin bulls need to clear the $69-70k crucial resistance area to confirm the wedge upside breakout. Once the breakout is confirmed, I'm expecting a 20-25% bullish rally in Q4.
$100k is programmed for this year.
Remember one thing: we are currently in the accumulation phase, just before the next massive bullish rally.
Let me make one thing clear: the damage is done, and Bitcoin has already bottomed out (Bitcoin will never go below $50k).
Markets will likely remain sideways for the next 2-3 weeks, and then we could see a massive bullish rally, possibly around mid-September.
What should we do now?
Back in August-September 2023, when Bitcoin was around $17-18k, I kept telling everyone to buy, and after that, it went up to $74k.
Now, I'm telling you again to accumulate. Bitcoin will likely surpass $150k this time.
Keep accumulating the dips and building your portfolio for the 2024-25 bull run.
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BTCUSD - Bull Run ContinuationThis is a good indicator called power law corridor
The support line in pink is strong and if it is retested will likely be rejected bullishly
I expect the bull run to continue to the top area in red which was not tested in the 2021 bull run
This will be more of a slow burn kind of bullrun compared to the last.
BTC Dips to 56K: Is the Downtrend Not Over?GM crypto bro's, this morning, BTC dropped again, even falling to the 56K area last night. The fear and greed index is at 27 (fear), while the stoch RSI hasn’t yet entered the overbought zone—it was close, but it seems like the stoch RSI might decline first.
As I mentioned in yesterday’s market update, BTC had the potential to revisit our orange zone area at 56K - 53K. So, keep in mind that the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BTC's Target 63K in Jeopardy? New Levels in SightGM Crypto bro's, this morning, the fear and greed index is at 29 (fear), and the stoch RSI is starting to enter the overbought zone. Last night, BTC briefly dropped to around 58K—does this mean the 63K target is off the table?
In terms of price action, due to last night’s drop, there’s a new possibility for BTC to dip into the range of 57K - 56K, or perhaps revisit our orange zone at 56K - 53K. If this happens, the chances of pumping to 63K and 65K diminish.
However, the crypto market is a place where making money is easy but tough to hold on to, so keep in mind that the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BITCOIN Can it reach at least 150k?Bitcoin (BTCUSD) closed last month (July) in green and even though August started on a very strong decline, the market has managed to recover most of its losses before the middle of the month.
This shows incredible buying force right on the 0.786 Fibonacci retracement level of the 2021 All Time High (ATH). Today's study is centered around the 1M time-frame and the Bullish Crosses of the MACD. In the past 10 years, we have had this formation only 5 times, all of which during Bull Cycles.
The most recent one was in June 2023 and needless to mention, BTC had a remarkable rally (its first of the Bull Cycle) after it. From a time perspective within the Cycle, the June 2023 Cross, resembles the Bullish Crosses of November 2019 and December 2015. They were formed 25 and 23 months respectively after the High of the previous Cycle and following their formation, BTC peaked exactly 24 months (731 days) later.
The June 2023 MACD Bullish Cross was formed 19 months after the previous Cycle High, so if it follows the previous peak patterns, then Bitcoin should peak around June 2025. Symmetrically, it appears that we are currently in a above 0.786 Fib consolidation phase (blue circles) as November 2020 and February 2017.
The bullish break-outs that followed after such consolidations, initiated the Bull Cycles' 2nd rallies to the eventual ATH. If we were to make a rough projection on that high, we can look into the Channel Up since 2014. That pattern formed the Cycle Highs above it every time (red arcs), so technically we could be looking at values between 200k - 300k.
However even if we follow a 'conservative' path within the Channel Up, if BTC hits the top of that dotted Channel, it will reach a price as high as $150000, which in our opinion is a very desirable level to start taking long-term profits.
But what do you think about this whole scenario? Is the 1M MACD Bullish Cross symmetry about to start the 2nd rally of this Cycle and if yes, can it reach 150k at least? Feel free to let us know in the comments section below!
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BTC Bounces Back: Targeting 63K Next?GM crypto bro's, this morning we finally see BTC turning green, even if only slightly—better than a deep red. The fear and greed index stands at 30 (fear), while the stoch RSI is starting to enter the overbought area.
For this morning's outlook, if we look at the stoch RSI, the most probable pump for BTC could target the nearest point around 63K, with a 60% probability, while a pump to 65K has a 40% chance.
But keep in mind, the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BITCOIN is right on track and even stronger than previous CyclesBitcoin (BTCUSD) has experienced a sharp drop over the past 2 weeks, causing a test of the 1W MA50 (blue trend-line), which as explained in a previous analysis, this has only happened once during a Bull Cycle.
As today's idea shows though, what caused massive panic and liquidations recently, can be seen as merely a technical attempt of the market to re-adjust and harmonize what was a very aggressive bull run up until March, towards the mean, relative to past Cycles.
More specifically in the last 2 Cycles, as you can see, 630 days after the Cycle bottom, Bitcoin was trading just below its 0.236 Fibonacci retracement level, while on the current Cycle the recent drop took place just over it. This means that the current bull run came closer to the trend of the last two, but remains more aggressive.
As a result, we expect BTC to resume the rally and continue on a more aggressive tone than in the past and by early 2025 break above 100k and possibly by next Summer reach the -0.618 Fibonacci extension, a level that was achieved during all past Cycles.
So what do you think? Has this BTC Cycle been normalized after the recent drop and is now ready to resume the uptrend? Feel free to let us know in the comments section below!
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BTC Dips to 58K: Accumulation Time?GM crypto bro's, happy working day! This morning, BTC finally dropped to the 58K area, as mentioned in previous market updates. The fear and greed index is at 25, indicating extreme fear, while the stoch RSI is at 56, with the potential to continue rising towards the oversold area.
Currently, 58K is a good zone for accumulating Bitcoin, given the extreme fear in the market. There’s still a possibility for BTC to drop further, perhaps to the 57K-56K range, but the probability of this is only about 30%, with a 70% chance of pumping to the 65K area.
But keep in mind, the market is dynamic—don't get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
Bitcoin: Back To 56K Support.Bitcoin has rejected the 53 to 56K support zone as I wrote and spoke about in my previous
week’s analysis. My followers were not surprised and some even recognized the brief
investment opportunity that I emphasized heavily during my stream. If you are caught on the
wrong side of this move, most likely it is a result of consuming low quality information (too
much internet). In this analysis I am going to point out what this week’s
anticipated scenario can look like based on what PRICE STRUCTURE SAYS, nothing else.
Do not be confused by news and drama, it only looks to appeal to you on an emotional level. Professionals are able to capitalize on this, so it is YOUR job to make every effort to be as
objective as possible. This can be achieved by consuming information that offers perspective
and insight that is typically missing from typical sources such as news. Trend and support/resistance is such information and it is what I use primarily to arrive at a scenario that is favored each week.
Bitcoin has rejected the 53 to 56K reversal zone (expected) in a dramatic way and has gone straight into the 60 to 62K area resistance. Since testing this area, a bearish inside bar (See arrow) has printed along with a break below the low. This is a sell signal within a price area where such a signal is of higher probability. With this in place, I anticipate a test of the 56K support over the coming week. IF price is going to reversal higher and test the range highs, the 56K level would ne an ideal location for such a move to originate from. Why? The location has a history of buying activity. There is NO guarantee of course, it is only an
anticipated probability.
For swing traders this means measuring the risk against a potential retrace to 56K. Confirmation is KEY in these situations and working on slightly smaller time frames helps to reduce risk effectively when you can clearly define the risk and profit objective (this is where Trade Scanner Pro shines). I must always remind followers this is NOT a game of forecasting the future, it is game of estimating probabilities and controlling risk because there is a always a good chance the market WILL NOT COOPERATE With your anticipated outcome.
Another important point that I make often is that when evaluating a market, both sides must be considered. In the case of Bitcoin, It is also possible to get a bullish continuation pattern that can take price back into the mid 60Ks. While this is NOT the favored scenario, it is important to recognize so that if you are short, you are better able to recognize and adjust to being wrong. IF there is ANY skill to this game, ADJUSTING to changes in the market
decisively (knowing when you are wrong) is IT.
So for this week, the retrace to 56K area is the favored scenario unless the market changes it mind. Be prepared for bullish reversals in that price area. Knowing your time frame, and what risk/reward parameters are associated with that time frame is essential to effectively navigating this broad range bound market situation (50K to 73K). Those with opinions,
and those who get swept up into the internet nonsense and OVER complicate things will only
find themselves more confused. I say it over and over: the ONLY two components you need to make effective decisions are trend and support/resistance levels. Less is MORE.
Thank you for considering my analysis and perspective.
Bitcoin reaction when the CEO leavesJust take a look on dates and headlines BITSTAMP:BTCUSD
What do you think will be next this time?
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BTC: Sideways or Pump Ahead?GM crypto bro's, happy weekend! This morning, BTC is still moving sideways. The fear and greed index is at 39, indicating fear, while the stoch RSI is on its way to the overbought area.
Overall, our targets remain the same as yesterday: a chance for a correction to the 58K area followed by a pump to 65K, or maybe even an instant pump to 65K—after all, anything can happen in the market.
But let’s see how the market makers will draw the BTC chart going forward. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BTC Weekend Moves: Correction or Pump?GM crypto bro's, happy weekend to those on vacation, and stay strong for those still working like me. Okay, this morning BTC has started to correct as I mentioned in yesterday's market update. The fear and greed index is at a neutral 40, while the stoch RSI has exited the oversold area and is heading towards overbought.
From a price action perspective, my outlook this morning is that BTC still has a chance to continue its correction to around the 58K area, while the nearest target for a pump is in the 65K area.
But let's see how the market makers will draw the BTC chart going forward. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
SPY/QQQ Plan Your Trade 9-9 Update : SPY Must Rally Above 532This is a quick update related to the Inside Breakaway Pattern today.
The SPY must attempt to break above 532 in order to attempt a rally up to 539-542.
I really believe the SPY is primed to move into a Ripper Rally phase between now and the end of next week.
I will urge the Make-Or-Break (525-526) is still in play.
If the SPY falls below 525 - the trend flips to BEARISH
If the SPY stays above 525 - the trend is BULLISH.
So, we need to see how today plays out. But, I believe a Ripper Rally is primed and ready to go where the SPY could rally up into the 540+ level very easily.
It may play out as a rally to 545++ by mid-next week - but we may see it start today.
Get some.
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BTC Hits 58K! What's Next for the Weekend?GM crypto bro's, as I mentioned yesterday, BTC has pumped back up and even surpassed our 58K target. The fear and greed index is now at a neutral 48, while the stoch RSI has successfully exited the oversold area.
As we approach the weekend, there’s a possibility for BTC to retest the 58K - 60K area. But keep in mind, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.