#BTC URGENT UPDATE:- 66k or $71.3k?That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range.
There's a liquidity zone around $66,300, which also aligns with a lower support level.
Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday.
Unless we break that $71378 in htf and ltf , these pumps can fail to sustain.
With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week.
Wait for the event to pass if you value your capital.
dyor, nfa.
That's all for now.
Cheers
Do hit the like button if you like it and sharer your views in the comment section.
Thank you
#PEACE
Bitcoinidea
Yes, Bitcoin can also do this - next move to watch out1️⃣ Bitcoin is retracing to its 60-day low, giving risk-takers a chance to enter the market’s next leg up right now 🪙.
No rush, wait patiently.
So, are we going to go up in November?
It all depends on the next 10 days. If Bitcoin can hold above $65,000–$66,000 while the 3-day indicator resets, it’ll be a prime opportunity to re-enter the market. If Bitcoin fails to hold that level, we may need to wait for the 1-week (red line) indicator to reset instead.
📈 Bitcoin has rallied 34% from September to November, hitting overbought on all cycle indicators. Just like in 2021 , the 2-week cycle (light blue line at the bottom) indicates mid-term growth, while other indicators are beginning to retrace. 🔄
📉 If history repeats (and it might), the ideal re-entry will be when the 3-day indicator (violet line) dips below 20.
Let’s stop gambling and start making sustainable money in crypto.
BTC/USDT LOCAL Short SignalI'm observing a bearish trend on BTC/USDT. Bitcoin has broken through a significant support level around $67,606, indicating potential further downside. The setup is clear, with an entry just below the support level, aiming for a substantial move lower.
Bitcoin has shown continued selling pressure, with lower highs and lower lows, indicating a downtrend. The breakdown of support aligns with this trend, suggesting a continuation of the bearish momentum. This trade follows the momentum, aiming to capitalize on the downward move.
Disclaimer:
This is not financial advice. Please conduct your own research and use appropriate risk management in trading.
BTC Parallel Channel in Daily ChartOn the BTCUSD daily chart, we can observe that Bitcoin's price has been oscillating within a well-defined parallel channel. The upper trend line acts as resistance, while the lower trend line serves as support. This channel has been respected multiple times, making it a reliable indicator for future price movements.
Key Observations :
Resistance and Support :
The upper trend line has consistently acted as a resistance level, limiting the upward movement of BTC.
The lower trend line has provided strong support, preventing significant downward breakouts.
Price Action:
The price has touched the upper trend line many times, indicating a strong resistance level.
Similarly, the lower trend line has been tested few times, confirming its role as a robust support level.
Potential Breakout :
A breakout above the upper trend line could signal a bullish trend continuation, leading to higher price levels.
Conversely, a breakdown below the lower trend line might indicate a bearish trend reversal, resulting in lower price levels.
Technical Indicators:
To complement the parallel channel analysis, I have included the following technical indicators:
50-Day Moving Average (50 DMA): Provides a smoothed trend direction.
200-Day Moving Average (200 DMA): Indicates long-term trend direction and potential reversal points.
RSI (Relative Strength Index): Indicates overbought or oversold conditions.
Conclusion:
The parallel channel on the BTC daily chart provides valuable insights into potential price movements. Traders should watch for a breakout above the upper trend line for a bullish signal or a breakdown below the lower trend line for a bearish signal. Additionally, keeping an eye on the included technical indicators can help confirm these signals and enhance trading decisions.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
ALERT: Bitcoin just hit >$70,000!🧵 With $100,000 in sight, you might wonder if we're truly ready for this next big move. Let’s dive into the cycles to find out 👇
1/ 🔍 Cycle Analysis can help pinpoint ideal entry points for Bitcoin—and eventually, altcoins. Here’s what we’re seeing right now (see the chart above):
2/ 📊 Today’s Reading (Oct 30): All three indicators (1-day, 3-day, 1-week) are above 80, meaning we’re officially in *overbought* territory. This usually signals a potential pullback. Translation? It’s a time to *sell*, not buy 🛑.
3/ 😱 So, why’s everyone so hyped on BTC right now?
It’s simple: after half a year of sideways action, people are ready to see a breakout. BTC has been stuck between $60k and $70k for seven months. Altcoins have taken a beating during this time too, making it tough to profit 🩸.
4/ 😅 After this long wait, everyone’s desperate for upward movement. Many folks bought at the last high back in March and are now shouting “BUY!” in the hopes others will push prices higher.
5/ The Bottom Line 📉
- We’re in overbought territory, which typically signals caution.
- The hype is real, but a retracement could offer better entry points soon.
Let’s see how this plays out! 👀
BTC FALLINGIs Now the Right Time to Sell Bitcoin?
As Bitcoin continues to experience significant volatility, many investors are wondering if now is the moment to cash in on their holdings. While Bitcoin has delivered impressive gains for early adopters, the unpredictable nature of the cryptocurrency market presents both risks and opportunities. Selling Bitcoin at current levels could allow investors to lock in profits, diversify portfolios, and reinvest in more stable assets.
Market analysts point to increased regulatory scrutiny, fluctuating investor sentiment, and macroeconomic conditions as factors that could impact Bitcoin’s future price trajectory. For those looking to reduce exposure to risk, selling BTC now can offer a strategic exit while prices remain elevated.
Ultimately, the decision to sell Bitcoin depends on individual financial goals and risk tolerance. However, with the market’s inherent unpredictability, acting sooner rather than later could provide a chance to capitalize on gains and explore other high-potential investments.
BTC/USD "BITCOIN" Market Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist BTC/USD "BITCOIN" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Bitcoin Prints the First Golden Cross in Almost Exactly One YearWe'll have to see if it sticks but BTC has just printed a golden cross. The crazy thing is, the last golden cross occurred on October 29th 2023! This golden cross was 2 days short of exactly hitting the 1 year mark. We all know what happened after the last golden cross, over the next 4.5 months the price increased by over 116%.
If you take the time to study Bitcoin's price history, it is very clear that Bitcoin has been running in 4-year market cycles. This is especially true for the last two market cycles. From bear market bottom to the next bear market bottom, the 2015 to 2018 market cycle was 1432 days in length, and the length of the 2018 to 2022 market cycle was 1438 days. Even the elapsed times between events (bottom to halving, halving to peak, and peak to bottom) during each of these cycles is very consistent.
Obviously, this market cycle trend doesn't have to continue, but I believe that it will, at least for this cycle. If that is the case then I wouldn't expect the post halving bull market to begin until late October or November of this year. Looking back at the previous two cycles, the 2016 bull market started 259 days after the halving, and the 2020 bull market started 149 days after the halving. We are now 192 days past the halving that occurred on April 19th.
There is always a chance that I am totally wrong and the peak in March was the peak for this market cycle and it will be all down hill from here. But, I believe the probability of that is very low. But this is just how I am approaching this market cycle, every investor needs to do their own research and make their own decisions. I also make my decisions based on my long-term view and long time horizon.
Will the US Elections Cause Bitcoin's Price to Fluctuate?
Bitcoin, the world's largest cryptocurrency, has experienced a recent price dip amidst rising geopolitical tensions and investor uncertainty. The cryptocurrency market is bracing for potential volatility as the United States gears up for its upcoming presidential elections.
Recent Price Dip and Market Sentiment
The recent decline in Bitcoin's price can be attributed to several factors. Firstly, the ongoing geopolitical tensions, particularly between the US and China, have created uncertainty in global markets. Secondly, concerns about a potential global economic slowdown have also contributed to the bearish sentiment.
However, despite the recent price dip, many analysts remain bullish on Bitcoin's long-term prospects. They believe that the cryptocurrency's underlying technology, blockchain, has the potential to revolutionize various industries. Moreover, Bitcoin's limited supply and decentralized nature make it an attractive investment for those seeking to hedge against inflation and economic instability.
US Elections and Market Impact
The upcoming US presidential elections are expected to significantly impact the cryptocurrency market. A change in administration could lead to shifts in regulatory policies, which could, in turn, affect the price of Bitcoin and other cryptocurrencies.
Historically, the cryptocurrency market has exhibited heightened volatility during election years. Investors are advised to closely monitor political developments and their potential impact on the market.
Diversification Strategy for Navigating Market Uncertainty
To mitigate the risks associated with market volatility, analysts suggest diversifying investments across various asset classes. This includes Bitcoin, gold, commodities, and tech stocks.
• Bitcoin: As a decentralized and digital asset, Bitcoin offers potential for long-term growth and diversification benefits.
• Gold: Traditionally considered a safe-haven asset, gold can provide stability during times of economic uncertainty.
• Commodities: Investing in commodities like oil, natural gas, and agricultural products can help hedge against inflation and economic fluctuations.
• Tech Stocks: The technology sector has been a major driver of market growth in recent years. Investing in tech stocks can provide exposure to innovative companies and potential high returns.
By diversifying their portfolios, investors can reduce their exposure to specific risks and increase their chances of achieving long-term financial goals.
Technical Analysis: Short-Term Outlook
From a technical analysis perspective, Bitcoin's recent price action suggests a potential period of consolidation. The cryptocurrency is currently trading below key resistance levels, and a break above these levels could signal a bullish trend. However, if Bitcoin fails to break above these resistance levels, it may experience further downside.
Conclusion
While the recent price dip and upcoming US elections have created uncertainty in the cryptocurrency market, Bitcoin's long-term potential remains strong. By adopting a diversified investment strategy and staying informed about market developments, investors can navigate the volatile market and capitalize on potential opportunities.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Bitcoin Bears Strike! Key Short Entry with Multiple Targets Set!BITCOIN (BTCUSDT) 15m Timeframe Technical Analysis:
In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade.
Key Levels:
Entry: $67,607.9
Stop Loss (SL): $68,227.5
Trailing Stop: $67,676
Target 1 (TP1): $66,842 (First target)
Target 2 (TP2): $65,602.6
Target 3 (TP3): $64,363.3
Target 4 (TP4): $63,597.4
Observations:
The price broke below the Risological dotted trendline, indicating bearish momentum.
Trailing stop at $67,676 is in place to secure profits as the price moves lower.
Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
BTC/USD "BITCOIN" Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist BTC/USD "BITCOIN" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
BTC Analysis: Waiting on the Next Move – $67,226 Bounce or Back Alright fam, here’s the scoop – BTC could pop up to $67,226 from here, but if not, we might dip back to $66K for a quick reset before heading higher. If things get dicey, we could slip to GETTEX:64K – and worst case, it drops even lower.
If you like the update, drop a comment or follow so I can keep bringing you more analysis on the markets you love!
Mindbloome Trading
Trade What You See
I AM NOT FEELING GOOD ABOUT THIS!On the daily timeframe, BTC is showing signs of rejection. If this rejection plays out, be prepared to see BTC drop to $62k, where the 100 EMA provides support. The RSI indicates weak momentum and will likely reach the oversold zone.
The only way we could see a positive move is if BTC breaks out and closes above $68k on the daily chart, which could then target the all-time high range. Until then, a bearish scenario is likely.
Please make sure to do your own research and analysis before making any decisions.
Trade safely.
BTCUSD / Bitcoin Trade IdeaAfter reaching the target I'm looking to new setup. Currently I'm looking to position myself in short till we reach point A.
A) I want to see rejection of that level with bullish closure of higher timeframes = Long
B) I'll trail short a bit more in this case and look to long in point B with same criteria.
BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
BTC/USDT Reentry: Filling the Large Sell Orders Around 70KAfter being spiked out in the previous BTC setup, I decided to reenter the trade, and so far, the market is moving in our favor. An important observation is the presence of large sell orders around the 70K level, which suggests the price might first need to revisit this area before we see any major continuation. It’s unlikely for BTC to make a deep retrace to 50K before filling these orders.
Technical Analysis:
• BTC has shown signs of retracing into a key Fibonacci zone while still respecting the bullish structure.
• The FibCloud indicator confirms that price is holding above key support levels, and we may see a continuation if momentum maintains.
• The volume is increasing, particularly around the 70K zone, showing that buyers and sellers are locking in this range for potential price action.
Risk Management:
• Given the volatility of BTC and the presence of large orders, I’m keeping a close watch on the 70K level.
• Stops have been placed below the key Fib levels to minimize potential losses if the price reverses sharply.
• If the price hits this level without major bullish pressure, I may look to exit or adjust my position.
While our bias remains valid, spikes like the one that triggered our previous stop loss are typical in such markets. The goal here is not to label this trade as good or bad but to demonstrate that staying calm and managing risk is crucial. The market’s conditions constantly shift, and how we adapt to these changes defines our trading success.
Both sides can make money in this game—the key is how we handle it. Don’t forget to trust yourself and adjust according to the market’s signals. How are you handling your trade setups this week?
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Bitcoin on the Brink – Bounce from 65,700 or Slip to 63,400?Alright, crew, Bitcoin is hanging right above 65,700, and it’s crunch time. If the bulls show up, we could ride this wave toward 67,800. If not, we might slip down to 63,400 for the next setup.
Key Levels:
Support: 65,700 – Bulls need to hold strong here.
Target: 67,800 – A break higher takes us back in the green.
Lower Zone: 63,400 – If the floor drops, this could be the next landing spot.
It’s all about momentum now—do the bulls have the energy to hold the line, or are we getting pulled down? Keep your eyes on those lower time frames to catch the next move.
What do you think—are we bouncing or slipping? Drop your thoughts, follow, and share if this chart gave you some clarity.
Mindbloome Trader
Trade what you see