Bitcoin swing trade 10RRPotential 10RR swing trade BINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️Watch the logic of entry! Not a 100% so we will sweep 5 march low but looks logical
➡️On a screen just a local range PWH will be like a target for take profit
➡️PDL and sweep March low will be the logic for entry with stop loss
➡️Mark your own leverage and count own stop loss properly
➡️PDH will be also like a first target to fix %
➡️Trade on indicator yesterday we got buy signal with small +3% bounce
➡️30 April yesterday we saw the money inflow by Money Power indicator
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Bitcoinlong
BTCUSD: $33000 AND THEN $37000Hope everyone having a great weekend, we need to address few things in here, firstly we expecting price to breakthrough consolidation and create a expansion retracement. Price needs to fill the voided area and as the price is bullish, it is very unlikely for price to drop heavily as there are no major economical data supporting it.
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Bitcoin Pattern Breakout! BTCUSDT Analysis UpdateTrading Setup:
There is a Trading Signal to Buy in BTCUSDT Bitcoin (Futures) 1h
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 62565.0
⭕️SL @ 61339.0
🔵TP1 @ 66222.0
🔵TP2 @ 67890.0
🔵TP3 @ 71266.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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[SHORT] Bitcoin going down before it goes up As you can see on the USDT dominance chart using the pmarp indicator on the weekly time frame USDT dominance is on its way up. This is a great sign of capitulation within Bitcoin. There are is now many millions of dollars worth of outflows for Bitcoin ETFs. The IBIT ETF has not received any new inflows for two business days and other ETFs for Bitcoin have received outflows of millions.
It's about time for this correction to play out.
$BTC performed Falling wedge in 2hr TF ** CRYPTOCAP:BTC performed Falling wedge in 2hr TF ** Keep eye on it
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
Extraordinary insider tip. Bitcoin. 84.000This goal was sent to me by a major player in the game. His insights always hit the mark because his team commands one of the largest capitals in the market! 🌟📈
We're going to start taking liquidity from the top. 📈💰
Friends, this is an extraordinary insider tip, and I urge you to pay attention to it. Keep an eye on this idea. I've decided to share only a few ideas to demonstrate the quality of information I have. Just stay tuned. 🚀🔍
BITO @ $39 Jun '24I feel increasingly isolated among the growing crowd of bears but I believe BITO has formed a textbook flag pattern. My argument:
Following a sharp move upward, beginning 3/14 (6 weeks from the time this was published), price has declined in 3 drives forming a clear channel but didn't break the 50% retracement level while volume has steadily declined during the formation of the flag. If I'm correct, a movement similar to the one that makes the flagpole would put the price right at the .382 level which I believe further supports my argument.
Full disclosure: this is all based strictly on technical analysis and I have limited experience in dealing with crypto or it's derivatives so there could be something I'm missing. It's entirely plausible that I'm completely wrong but I'd appreciate any feedback from the community
Bitcoin Price Keeps Rejecting the $65K Pivot Point Bitcoin ( CRYPTOCAP:BTC ) price rejection from $65,000 resistance continues after failure to reclaim it as support. Even after the halving traders anticipated a rapid surge to about $70k Pivot but Bitcoin ( CRYPTOCAP:BTC ) keeps swinging between the $63- GETTEX:64K level.
There is a liquidity pool below $60,000 which continues to act as a yardstick for CRYPTOCAP:BTC in maintaining market balance.
Bitcoin ( CRYPTOCAP:BTC ) price is highly volatile lately, provoking a broader market crash as it plummeted to the $62,000 range on Thursday. Meanwhile, reverberations from spot CRYPTOCAP:BTC exchange-traded funds (ETFs) continue to influence the market.
SEC delays decision on spot Bitcoin ETF options trading
The US Securities & Exchange Commission (SEC) has delayed a decision on whether or not to allow options trading on spot BC ETFs. It originally meant that they needed more time to review and analyze the proposal. The SEC may have concerns about potential risks, market manipulation or other regulatory issues associated with introducing options trading on these ETFs.
Any delay in such a scenario is common as the financial regulator works to ensure investor protection and market integrity. However, markets will be poised to wait for further updates from the US Securities & Exchange Commission (SEC) or the relevant parties involved in the proposal to understand the reasoning behind the delay and any potential implications for investors.
According to Glassnode an on-chain market intelligence firm, the Bitcoin network hash rate is still rising, which points to ongoing investments in mining infrastructure. A strong mining hash rate is crucial for Bitcoin's security, making network attacks more challenging.
Technical analysis: Bitcoin ( CRYPTOCAP:BTC ) price drawn to liquidity pool below $60,600
technically, Bitcoin ( CRYPTOCAP:BTC ) price continues to get rejected from the $65,600 resistance level. It comes after multiple failed attempts to reclaim above it and flip the level into support.
Enhanced profit booking could see Bitcoin ( CRYPTOCAP:BTC ) price dip into the said liquidity pool. This will happen if the Relative Strength Index (RSI) continues to record lower highs.
Traders are likely to sell or take a bearish position on CRYPTOCAP:BTC when this happens, which would enhance the downtrend.
In a severe condition, Bitcoin ( CRYPTOCAP:BTC ) price could slip below the liquidity pool under the $60,000 psychological level, with the next line of support presented by the 50-day Moving Average (MA) at $54,689. A deviation of this lagging indicator to the downside would signal an extended fall.
Apparently, if the bulls leverage the ongoing correction as a buy-the-dip opportunity, the Bitcoin ( CRYPTOCAP:BTC ) price could recover.
BITCOIN on institutional price actionhello dear trader and investors
there are two senario for bitcoin
senario 1 : if price close below LL on 59077 this patren will be activated ( can can + fake out ) institutional price action …. after collect some liquidity on the yellow area
senario 2 : if price close above HH on 73700 price can hit 89000 and 92000 without any liquidations …
Bitcoin(BTC) Drops Below 63,000 USDT with a 4.62% Decrease in 24 Hours
On Apr 25, 2024, 13:19 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,995.980469 USDT, with a 4.62% decrease in 24 hours
.good luck
mehdi
Bitcoin TA - Upside Zones, Downside DCA Zones, Key LevelsWelcome to my Bitcoin TA where I go thru just the chart from a high level looking for areas of trading opportunities. The foundation of this whole video comes down to this:
I'm of the opinion Bitcoin will get above 100K.
So I'm doing TA on where to put my entry zones. - 1st Entry hit at 59,872
I'm out of all swings and also looking for swing entry zones.
I've shared this chart with all drawings organized in folders and such. I keep this updated and will share on future updates. This covers all VCs, significant levels, anchored vWAPs, key pivots, and more, all organized in the object tree:
www.tradingview.com
Here's what we cover in the video...
If Day RDA holds
The first thing we cover is if the current test of the Daily RDA holds what the upside trade looks like.
I identify the upside zones and key levels that I would watch and trade around.
The RDA ( RexDog Average with ATR ) is a bias and reaction zone indicator found here on TV, usage in description.
Pull Back Scenarios and DCA areas
RDA Week Projection Print - We cover the upside print of the week projection of if the all-time high is broke where we can expect the market to hit.
Immediate market view - I also dive into the immediate Market View using the 30 minute time frame, which I call the structure time frame. the key element there is that we are right at the mid control for the day.
Bias and Momentum - from here we cover buy us a momentum from a daily and weekly time frame.
Current Value Channel - we also talk about the key levels of the current value channel that BTC is trading within.
Anchored vWAPs - I also dive into anchored V waps from significant highs and significant lows. one of the major things that came about in this analysis was we are in a fight between the most recent significant high and low anchored vWAP. those levels couldn't be any more clear
RSI Signal Zones - we also dive into the RSI signals and the triangle pattern. currently waiting for a green triangle to complete the triangle pattern otherwise it looks like based on the RSI we could see more downside.
Best Crypto Trading Timeframe - I also share the single best time frame to trade crypto on especially for swing and long-term trades.
BTC - retest for the push to 70kIt seems as we are getting some interesting potential setups as BTC has some difficulties moving above the supply between 67.000$ and 68.000$. Therefore I think we have to "reload" for another push upwards. For this reload I am eyeing the FVG at 65.310$ and the demand below it to hold. Ideally this could be just a wick . down below our range that we have reclaimed. This should bive us enough strenght to push to 70k.
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows.
“I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added.
A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks.
Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds.
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Bitcoin on the Brink: Bollinger Bands Hint at Potential Price BrBitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the near future.
Bollinger Bands Explained:
The Bollinger Bands is a technical analysis tool that measures price volatility. It consists of three lines: a simple moving average (SMA) in the center, and an upper and lower band plotted at a specific standard deviation distance above and below the SMA, respectively. The wider the bands, the higher the volatility; conversely, narrower bands suggest a period of compressed price movement.
What Does the Narrowing of Bands Indicate?
When the Bollinger Bands contract, it typically signifies a period of low volatility or consolidation. This can be interpreted in two ways. One possibility is that a breakout is imminent, with the price poised for a significant move in either direction – up or down. The other possibility is that the current price range may hold for a while longer, with continued consolidation.
The Mid-February Precedent:
The current narrowing of the Bollinger Bands is particularly interesting because it mirrors the situation observed in mid-February 2024. Back then, the bands contracted to a similar degree, and it was subsequently followed by a price surge that saw Bitcoin climb above $50,000. This has led some analysts to believe that history might repeat itself, with another price breakout on the horizon.
Is a Breakout Guaranteed?
However, it's crucial to remember that technical indicators, like Bollinger Bands, are not crystal balls. While they can provide valuable insights into potential price movements, they don't guarantee future outcomes. Several factors beyond technical analysis can influence the price of Bitcoin, including:
• Market sentiment: Overall investor confidence towards cryptocurrencies can significantly impact Bitcoin's price. Positive sentiment can fuel a breakout, while negative sentiment could lead to a downward price movement.
• Regulatory landscape: Government regulations and policies aimed at cryptocurrencies can create uncertainty and impact investor decisions.
• Major news events: Significant global events, such as economic downturns or geopolitical tensions, can influence the price of Bitcoin as investors seek alternative assets.
What to Watch Out For:
Given the inherent uncertainty, investors should closely monitor these additional factors to gauge the direction of a potential breakout. If positive market sentiment coincides with the Bollinger Band breakout, we could see a significant surge in Bitcoin's price. Conversely, if negative sentiment prevails, the breakout might be short-lived, or it could even lead to a price correction.
Conclusion:
The narrowing of the Bollinger Bands is a noteworthy development for Bitcoin, suggesting a potential breakout on the horizon. However, investors should exercise caution and consider broader market factors before making any investment decisions. By combining technical analysis with a well-rounded understanding of the cryptocurrency landscape, investors can position themselves to potentially capitalize on Bitcoin's next price move.
BITCOIN POTENTIAL CHANGE IN STRUCTURE (18h)Based on historical backtest of trade strategy.
18H BTC HEIKINASHI
If the candle closes at or above the indicated value of the purple line as shown,
typical trade is 23 bars with and average profit of 8.18%.
This would be a longer term/higher time frame change in structure for BITCOIN.
60k double bottom is still in uptrend. Lower time frames are consolidating, then higher.
Currently the price has traded into the the 66k zone, nearly confirmed in the 50% retracement of the Fib. from the 73.6k high. An 18hr buy signal would conclude 70-72k price targets and likely new all time high possibilities.
*** STILL PENDING AN 18HR CANDLE CLOSE ABOVE THE PURPLE LINE *****
Will update if / when the signal is initiated
feel free to message for signal settings
BTCUSD LongThis crypto coin has been forming a falling flag for the past few weeks since it hit its ATH. Currently, the price has re-bounded from the lower support line, and I anticipate that the bullish trend might continue till it hits a very strong support zone at 70700.
My entry is at 65600, SL at 62800 ,and TP at 71000. My R : R for this trade is 1 : 2.
Kindly remember to risk 1 - 3% of your account
Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards.
Several factors are contributing to Bitcoin's resurgence:
• Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes.
• Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains.
• New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines.
• Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors.
Is the Rally Sustainable?
While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally:
• Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin.
• Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects.
• Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy.
Looking Ahead
The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies.
Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.
BTC - ☀️ & Bullish Potential For The Next Week A very strong sun shines over Bitcoin and Chainlink in the next 24 hours, indicating some upside potential lying ahead. Other altcoins, including Ether, Ripple’s XRP and Cardano will also profit from this bullish trend, while Litecoin and Uniswap face bearish clouds.
These sunny bullish trading conditions should prevail over the cryptoverse the coming week, as leading tech companies will announce their quarterly results. Avalanche, Binance Coin and Uniswap won’t profit from this bullish mood and face bearish clouds, which signal downside risks.
“A massive supply shock is coming. With the Bitcoin halving, miners can now only produce 450 BTC each day. The ETFs in the US have bought up around 3,214 BTC on average each day. This number could increase significantly when Hong Kong ETFs start trading,” the crypto profile Lark Davis said.
Analysts at leading banks disagree on whether the price of Bitcoin will continue up following Friday’s halving. Deutsche Bank expects prices to “stay high due to expectations of future spot ether (ETH) ETF approvals; future central bank rate cuts; and regulatory changes” but do “not expect them to increase significantly,” Bitcoin.com reports.
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$NFP Breakout Double Bottom
Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern:
1. **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of two consecutive troughs (lows) with a peak (high) between them. The lows are approximately equal and signify a possible reversal in the downward trend.
2. **Confirm the Pattern**: Before initiating a trade based on the double bottom pattern, it's essential to confirm its validity. Look for several signs to confirm the pattern:
- Volume: Ideally, the volume should decline as the pattern forms and increase when the price breaks above the confirmation level.
- Symmetry: The two troughs should be roughly equal in depth and width, forming a "W" shape.
- Price Breakout: Wait for the price to break above the peak (high) between the two troughs, confirming the pattern.
3. **Entry Point**: Enter a long position (buy) once the price breaks above the peak (high) that separates the two bottoms. Some traders prefer to wait for a slight pullback after the breakout for a better entry point.
4. **Stop Loss Placement**: Place a stop-loss order below the lowest point of the double bottom pattern or slightly below the breakout level. This helps to limit potential losses if the pattern fails to hold, and the price resumes its downtrend.
5. **Take Profit Target**: Calculate the distance between the lowest point of the pattern (the bottom of the "W") and the peak (high) that separates the two bottoms. Then, project this distance upwards from the breakout point. This distance can serve as a potential target for taking profits.