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BTC-D

62K for entry 57.8K for targetMorning folks, So BTC has failed to break the vital 64.5K resistance that we've talked about last time. It means that context remains bearish and chances on downside AB=CD have increased. Especially on the back of outstanding rally in USD and US yields. It makes us to consider no long positions by far, treat former 64.5 top as invalidation point and watch south. Nearest downside target seems to be around 57.8K. For position taking it is possible to consider 62K intraday resistance, if you have plans to sell. For long position taking we need to get either failure of current bearish scenario and rally above 64.5K top or deeper standing support areas. We have nothing yet, so let's wait with any longs by far.
COINBASE:BTCUSDShort
by Sive-Morten
10/9 Good news and bad news...Overview: Which would you prefer to hear first? Let’s start with the good news: the AMEX:SPY has updated its all-time high. If you have a 401k or any other pension fund, you’re likely seeing gains. Also, it's hard to argue that a recession is looming when the stock market is booming. Now for the bad news: crypto is down. Normally, this wouldn’t be alarming, as all markets fluctuate. But it's concerning when we see a divergence between the stock market and crypto. Even riskier tech stocks, like those in the NASDAQ:QQQ index, climbed 0.79%. If traders are eager to buy equities, why not crypto, or at least BINANCE:BTCUSD ? Tomorrow, all eyes will be on Jerome Powell as he delivers the CPI and Core CPI data along with initial jobless claims. Given that recent job reports nearly doubled expectations, we predict fewer jobless claims. The question is: will positive macroeconomic data help? On one hand, it means people have money to spend, which could benefit crypto. On the other hand, it could reduce the chances of aggressive rate cuts, keeping liquidity constrained, and preventing speculative assets from soaring. BlackRock continues dollar-cost averaging into Bitcoin but hasn’t touched its ETH ETF. When did ETH become so hated? CME fedwatch tool shows an increase in the probability of no rate cut in November, up to 17.2%, while the chances of a one-base-point cut sit at 82.2%. BTC TA: W: BTC needs to close above $61.4k to keep bulls in the game. Unfortunately, after today's drop, BTC fell below this crucial level, breaking the bullish structure it had been building since September 7th. Another important level is $62.7k, the point of control for the entire 2024 bull run, which was rejected yesterday. This week is shaping up to print another red candle, following the previous week. D: While the weekly levels are invalidated, the daily levels still offer hope. BTC bounced from the $60.6k support level, and we haven’t seen four consecutive red days since August. If tomorrow's CPI data hints at a bullish sentiment, we might see a small rally back to $62.1k. 4h: Price is currently closer to the lowest Bollinger Band, indicating it needs to catch up with its moving average. 1h: BTC has reached the Bollinger Bands' moving average, but for a stronger recovery, it needs to break beyond this level on the 4h chart to confirm a bounce. Alts Relative to BTC: TAO, SUI, and APT have reached higher highs, but with lower volumes, suggesting that the bullish trend is losing steam. These gains were likely driven by retail investors, FOMOing into the rally. Meanwhile, FTM is showing bearish MACD divergence on the 4-hour chart and was rejected at its weekly resistance of $0.69. Bull Case: At $60k, BTC is relatively cheap, considering how much adoption and recognition crypto has gained in 2024. Since we didn’t experience a massive sell-off in September and have held up into October, this might be your last chance to buy BTC at a sub-$100k price. Additionally, we’re in the Fear territory on the Fear and Greed Index, which historically offers an 83% chance of profitability if bought during this phase. Bear Case: From a technical perspective, things look bearish. Many key support levels have been invalidated, and the likelihood of the Fed not cutting rates in November continues to rise. Fear and Greed Index: 37 (Fear). Prediction: BTC may rebound to $62.1k before resuming its decline. Expect TAO, SUI, and APT to follow BTC's movements, with a potential drop back to pre-BTC ETF levels, which could see declines of 55-60%. Opportunities: Short TAO, SUI, APT, FTM.
COINBASE:BTCUSDShort
by EvgenCapital
Bitcoin technical analysis + trade plan by BFTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Overview of Current Market Structure: Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them. Support: The current support level within the descending channel is approximately 60,000 USDT, as shown by the lower green line. Resistance: The resistance level is around 61,758 USDT, as indicated by the upper green line. Potential Breakout: A potential breakout to the upside is indicated by the analysis. If the price breaks through the resistance zone, we may see a rally towards the 64,591 USDT mark, which is a key resistance level in the broader time frame. Indicators Analysis: RSI (Relative Strength Index, 14 periods): The RSI is currently around 39.25, which indicates that the market is in a slightly oversold condition. This suggests a potential buying opportunity if momentum shifts to the upside. Stochastic Oscillator (14, 3, 1): The stochastic oscillator shows a value of 27.09, signaling that the market is near the oversold region. A bullish crossover between the %K and %D lines could trigger an upward move. VMC Cipher B Indicator (Divergences): The VMC Cipher B Divergences are currently showing bearish momentum, but the price appears to be bouncing off a significant support level. We are awaiting confirmation for a reversal. HMA Histogram (40, 44): The HMA Histogram shows a value of 91.97 in the short term, indicating that bearish momentum is starting to slow, and a potential bullish reversal could occur soon. Key Levels to Watch: Immediate Support: The key support level lies around 60,000 USDT. If the price drops below this level, further bearish movement towards 58,000 USDT could be expected. Immediate Resistance: Resistance stands at 61,758 USDT, the upper boundary of the descending channel. A breakout above this level could trigger a bullish rally. Key Target Level: The next major target on a breakout would be the 64,591 USDT resistance, where the price is likely to face significant selling pressure. Trading Plan: Bullish Scenario: Entry Point: Look for a breakout above the 61,758 USDT resistance level. Confirm the breakout with increasing volume and price closing above the channel. First Target: 64,591 USDT, which is a major resistance zone in the upper range. Stop Loss: Place the stop loss slightly below the support level of 60,000 USDT to manage downside risk. Second Target (Aggressive): If bullish momentum continues, a potential extension towards 65,500 USDT is possible, aligning with previous highs. Bearish Scenario: Entry Point: If the price fails to break above the 61,758 USDT resistance level and starts rejecting at this point, consider a short position with a breakdown below the 60,000 USDT support. First Target: A drop towards 58,000 USDT could be expected if bearish momentum accelerates. Stop Loss: Set the stop loss above 62,000 USDT, just outside the resistance of the descending channel to account for volatility. Neutral Scenario (Sideways Trading): If the price consolidates between 60,000 and 61,758 USDT, wait for a clearer breakout or breakdown before entering any trades. The current channel suggests potential opportunities, but patience for confirmation is key. Risk Management: Position Size: Use proper risk management by not risking more than 1-2% of your capital on any trade. Risk-Reward Ratio: Maintain a favorable risk-reward ratio of at least 1:2 or higher to ensure the profitability of your trades.
Long
by elfabiiani
1
$150,000 - $200,000 By Year End Possibilities. If we use the time Bitcoin had a full cycle without any global economic problems in 2016 to 2018. We see the faint white line is painting a very similar movement of price. The variation outside of the norm would tell us Bitcoin has to make a very large move by year end to stay on track. MVRV Z Score - Is also indicating Bitcoin is undervalued and no where near a top. We also have global rate cuts + liquidity injections, Gold has appreciated to the debasement including the SPX. Bitcoin? yet to see inflows of this while having broke all the Spot ETF records this year. There's still a massive bull flag that has formed on Bitcoin while people get bored and sell coins institutions continue to launch new products and allocate right before Bitcoin options are going to be launched on the Spot ETFs. Blackrock is actively marketing the push for Bonds to rotate into Bitcoin note this market is 130T of face value capital. Other institutions have already started launching strategies involving Bitcoin & Bond rotations. With the new pro Bitcoin president about to be elected. Rates will be cut MMF's will start rotating into assets for more return, MSTR will be added to the QQQ and SP500 allowing a spiral of Bitcoin buying from portfolio weight increases. 222 Days people had to think hard about where this all leads while the biggest sideways bull flag on Bitcoin has formed. Let's see how this plays out.
INDEX:BTCUSDLong
by SatoshiInsight
Bullish bounce off pullback support?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 59,378.90 1st Support: 57,833.43 1st Resistance: 61,888.24 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
3
Support around 61099.25 is the key point Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing a decline below the important section of 61099.25. Accordingly, it is important to see whether it can rise above 61099.25 and receive support. If not, and it falls below 60672.0, 1st: 59053.55 2nd: 56150.01-56950.56 We need to check whether there is support near the 1st and 2nd levels above. This volatility period is until October 11th. - (Chart under test) We are testing a new tradable chart by changing the existing DMI+OBV indicator to the BW indicator format. We will provide a detailed explanation after the test is completed. -------------------------------------- USDC is showing a short-term downtrend as a gap decline occurs. -------------------------------------- (NAS100USD 1D chart) It is supported near 19582.4 and then rose again to near 20313.8. We need to check whether there is support near 20313.8. (Chart under test) - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC LONG The chart right presents the pre bullmarket btc chart in 2020. Strategy: Potential long setup from the consolidation zone. The price action indicates a demand zone around the current levels, with a potential for reversal towards higher levels, as shown in the shaded blue area. The right-hand chart supports this bullish bias. Entry: Around the current price levels (consolidation) Stop-loss: Below the local support (recent swing low) Risk management is essential, considering the current volatility and broader market correlation.
BINANCE:BTCUSDLong
by SerenityEquity
HelenP. I Bitcoin will drop from resistance level to $59100Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price entered to wedge and at once rebounded fromresistane line and started to decline. In a short time, BTC fell lower then support level, which coincided with the support zone, but then it tried to back up and failed. Next, the price dropped to the trend line, which is the support line of the wedge also, and then started to grow. BTC quickly rose to the 57500 level, broke it, and later made a retest and continued to move up. Later, the price reached the resistance level, which coincided with the resistance zone, and some time traded near this level. Then BTC broke the 63600 level and later rose to the resistance line of the wedge, after which turned around and made an impulse down, thereby exiting from the wedge and breaking the resistance level as well. After this movement, BTC little declined more and not long time ago rose back to the 63600 level. So, now I expect that BTCUSDT will rebound from the resistance level and drop. Therefore I set my goal at 59100 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
8
Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart; I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame. What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's. From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up? The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k. That level is also the base of the channel and the support/contact level of the much older uptrend line (green). I have been sharing what I see when I put all the puzzle pieces side by side for a long time. I am curious about your thoughts as well. By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
Short
by ugurtash
2
Margin Zones SetupOn the D1 chart, an accumulation with a Point of Control (POC) at 63246 is forming. This is key for predicting the following swings. The marginal zones outline two trading areas: Buying in the range of 54183-57204. Selling in the range of 67777-69287. Considering the previous accumulation at POC 59604, the realization of the first scenario is more likely, as the second marginal target has not been met. The advantage of the second scenario is the possibility of forming a Diagonal wave pattern, which would increase predictability for the coming months.
by Nickonomics
DOGEUSD Are you people ready??We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD). We will keep it simple, because that's what the chart is, no need to complicate what's obvious with added terms and info. As you can see, every time Bitcoin broke above its All Time High (ATH), Dogecoin was on a medium-term correction (though well within its Bull Cycle) under Lower Highs and marginally above the 0.236 Fibonacci retracement level. Once Bitcoin broke out, Doge did also only though much more aggressively and within a few weeks it reached its previous ATH. Needless to say, it didn't stop there but went on to peak much higher. Once more, the market finds itself in the exact same position as before in history. Are you ready?? ------------------------------------------------------------------------------- ** 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:DOGEUSDLong
by TradingShot
9
10/8 Market Tensions as S&P500 Wobbles Ahead of CPI, BTC Holds.Overview: The AMEX:SPY is hovering around its all-time highs, showing limited movement as investors await Thursday’s CPI report. Anticipation is building, but it seems the U.S. market may not make any significant moves until inflation data provides clearer direction. BTC TA: W: When examining the volume profile of this year's entire bull phase, the point of control—where the most trading volume occurred—stands at $63 K. This explains why BINANCE:BTCUSDT might consolidate at the current price range for longer than expected. Despite a second false breakout attempt, Bitcoin remains trapped between the crucial monthly support level of $61.4K and resistance at $64 K. On one hand, geopolitical tensions are escalating in the Middle East, while on the other, China's government has announced a $28 billion investment package. The SSE Composite Index surged 30%, though it recently corrected by 11% over the last two days. Notably, some of the significant green candles can be attributed to Asian market open times. D: The daily chart paints a clear picture of the price struggling to escape bearish pressure. It’s hovering just below the Bollinger Bands’ moving average. Monday presented a bearish hammer, and Tuesday ended with an indecisive doji. 4h: No divergences are evident on the MACD or CVD. The RSI sits around 45, indicating balanced buying and selling pressure. 1h: Price is oscillating around the $62.2K point of control level without any strong signals for bullish or bearish momentum. Alts relative to BTC: Major altcoins are moving in line with Bitcoin, with little divergence. However, SUI and TAO, after their impressive runs to all-time highs, have begun to correct. Bull case: If Trump is re-elected, accompanied by more interest rate cuts, this could boost the bullish narrative. The bull flag on the weekly chart is becoming more apparent and, if it breaks out, could signal a further upward trend. The formation of a reverse head and shoulders at the beginning of July, August, and September also supports a bullish outlook. Bear case: However, bears point out that we’re still in a pattern of lower highs and lower lows. The double fake bull breakouts in recent upticks further signal caution. The market lacks new narratives, and regulatory crackdowns continue. Major CEXs now require strict KYC compliance, cutting off trading access for users in China, the UK, the U.S., and other key markets. While VPNs offer a workaround, the risks of locked accounts on exchanges registered in jurisdictions like the Cayman Islands add significant risk for traders. Fear and Greed Index: 41.71 - Neutral.
COINBASE:BTCUSD
by EvgenCapital
This volatility period is until October 11thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period is until October 11th. Therefore, after this volatility period, we need to check in which direction it deviates from the 61099.25-65920.71 range. Since it shows that funds are flowing in through USDT, if the price maintains above 61099.25, it is expected to lead to an attempt to break through the 64748.70-65920.71 range upward. If it falls below 61099.25, 1st: 58697.01 2nd: 56204.13 We need to check whether there is support near the 1st and 2nd above. ----------------------------------------- USDT is showing a gap up. USDC is showing a gap down. If we interpret this, we can interpret that there may be a short-term decline, but it will eventually rise. The reason is that USDT has a broader market than USDC. In other words, it means that USDT has a stronger influence on the coin market than USDC. ----------------------------------- (NAS100USD 1D chart) With this rise, the BW indicator seems to have touched the highest point (100). Therefore, when the candle is created tomorrow, we need to check the price position. The current key is whether it can rise above 20313.8. However, since the StochRSI indicator is currently located near the midpoint, there is a possibility of volatility. Accordingly, we need to check whether the price can be maintained above 19852.4. ------------------------------------ (IBIT 1D chart) We need to check whether the BTC spot ETF is supported near 35.40 and can rise above the 36.32-36.64 range. If it falls below 35.40, you should check for support near 34.18. If the price is maintained above the middle point of the parallel channel, I think it is likely to rise. -------------------------------------- (12M chart) To draw a parallel channel on a 12M chart, - There must be at least 2 bearish candles in an uptrend. - There must be at least 2 bullish candles in a downtrend. (1M chart) To draw a parallel channel on a chart where waves have formed, we use the StochRSI indicator that was used to draw the trend line. That is, we capture the trend by specifying the candle at the point where the StochRSI indicator entered the overbought or oversold section and formed a low or high point. And, the third point of the parallel channel is selected as the lowest or highest point of the wave. Parallel channels are a tool for analyzing charts, so you can't create a trading strategy with them alone. Therefore, you definitely need support and resistance points drawn on 1M, 1W, and 1D charts. (1D chart) The reference line for drawing a parallel channel is line 1. Therefore, I think that passing line 1 means that there is a possibility of a change in trend. Therefore, we need to see if the price can be maintained by rising above line 1. Line 2 is also a reference line, and if it passes this, there is a high possibility of a change in trend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC/USD: HBO Set to Unmask Satoshi HBO’s documentary Money Electric: The Bitcoin Mystery, airing tonight at 9:00 p.m. EST, is expected to present compelling evidence on the identity of Bitcoin's creator, Satoshi Nakamoto. Speculation surrounds figures such as Hal Finney, Nick Szabo, Adam Back, Len Sassaman, and David Kleiman, with Sassaman emerging as the frontrunner on prediction market Polymarket. Should Sassaman, Kleiman, or Finney be fingered, analysts say it could have a positive impact on Bitcoin’s price, as all three are deceased, reducing the likelihood of a selloff from wallets linked to Nakamoto, which hold an estimated 1.1 million BTC. On the 4-Hour chart, Bitcoin keeps coming back to $62,500 despite recent volatility and larger price wicks.
BLACKBULL:BTCUSD
by BlackBull_Markets