Get started

Btcusdtrading

BTC two shorts plans1D time frame - BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio. First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8. - (1) Double top: TP: 38500 (+21%) SL: 49670 (-2.5%) (2) Liquidation zone: TP: 31800 (+37%) SL: 53250 (-4.5%)
Short
by EthanTW
2
BTCUSD: Bullish if it closes over the 1D MA50.Bitcoin is crossing over the 1D MA50, negating the previous bearish trend, by turning the 1D technical outlook neutral (RSI = 54.571, MACD = -301.200, ADX = 35.239). If the 1D candle closes over the 1D MA50, then we expect a bullish breakout like the one on June 20th 2023, which hit the previous High of the Channel Up (R1 level). Consequently we will go long if that 1D candle closing condition is fulfilled and target the R1 level again (TP = 49000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
3
BTCUSD H1 / EXPECTING A BULLISH MOVE IN THE COMING WEEK 📈Hello Traders! This is my idea related to BTCUSD H1. I see equal lows on the chart, a good sign for bullish sentiment. Before going bullish it set equal lows to collect some SL of the retails and now I will look only for long entries. An objective, I have 2 TPs. The first one is above the FVG where we have an OB and the next TP is the second OB (you can see 30M chart). Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BITSTAMP:BTCUSDLong
by GoodTradeST
2
BTCUSD: Expect the Cycle to peak around September 2025.Bitcoin is holding up very well on the 1W timeframe (RSI = 72.368, MACD = 3833.900, ADX = 54.869) where it is overbought and above the 1W MA100, which appears to be kickstarting the parabolic rally of the Cycle. Our point of interest on this idea is to identify the duration of the current Cycle and we reach a steady conclusion based on the previous Cycles. Every Cycle so far has been approximately 0.9750 times the previous one. Cycle 2 (1477 days) was 0.9768 X Cycle 1 (1512 days) and Cycle 3 (1435 days) was 0.9715 X Cycle 2. Based on this equation, Cycle 4 = Cycle 3 X 0.975 = 1394 days. That calls for a a High around the week of September 8th 2025. Until then eveyr time the price enters the Buy Zone (curved channel at the bottom), which in our opinion will do at most one more time, accumulate more Bitcoin for the long run. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTCUSD: Right where it's supposed to be.Bitcoin is on the very healthy bullish technicals on the 1D timeframe (RSI = 60.823, MACD = 1089.300, ADX = 23.103) extending a controlled uptrend. The 1W timeframe remains overbought though (RSI = 74.426) as there has been no hard correction since mid August. Perhaps the relief in late weeks is an attempt of 1D to neutralize the overbought state on 1W without a strong correction. Regardless of this, Bitcoin is right where it's supposed to be when compared to the previous Cycles. On this chart you see the harmonic structure of every bottom that leads to cyclinder pattern that ultimate paves the wave for the end of Cycle rally. There has always been one extreme event' crash on every Cycle, after which the market bottomed and never looked back. It was COVID and Bitfinex before, this time we had FTX and now the market shouldn't break the 1W MA50 again before the next Bear Cycle starts. All that's left now to do is see how close the price will be to the 1W MA50 in the next Halving (April 2024) as from that point onwards the parabolic rally can start any moment. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
Bitcoin Pole & flag formation, Breakout expected!BTCUSD has started the November month rally towards upper side, It has reached 36k twice in this month and got rejected at the time of writing BTCUSD is trading around 35300.00 Currently 50 EMA is acting as dynamic support for the bull. october month high (35150.00) is aligning with current support level. We can see the pole and flag formation and the clear breakout and retest will invite more buyers into play. Breaking below 35k and the lower side trendline will open the door for the bear.
COINBASE:BTCUSDLong
by forexorbit
BTCUSD: Entering the Channel Up sell zone. 32,000 incoming.Bitcoin has started the formation of the HH on the long term Channel Up as the 1D technical outlook got overbought again (RSI = 81.981, MACD = 1637.000, ADX = 66.110). The CCI is forming that same toppish pattern as July 10th, April 10th and February 2nd. We are targeting the 0.5 Fibonacci level (TP = 32,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDShort
by InvestingScope
BTCUSD You will get another opportunity to buy if you missed thiFew are looking into what has perhaps given historically the most accurate results on Bitcoin, the 1M timeframe. Technically, it has just gottern out of neutrality and turned bullish (RSI = 56.333, MACD = 1504.800, ADX = 27.300) suggesting that the market is past the dangers of the previous Bear Market and has already started the Bull Market. The current rally is being performed on an October rebound on the 1M MA50. It is not over yet, there are high probabilities of peaking between December and January. Looking at the 1M LMACD, the benchmark is the Bullish Cross that was formed in June (2023). Every prior Bullish Cross, initially delivered a rise then minor pull-back and eventually the final parabolic rally of the Bull Cycle. We have measured the bottom of the LMACD on each Cycle to its peak and the previous two have been 25 and 27 months in duration respectively. A 25 month estimate for the current Cycles gives us a peak projection for March 2025. We can't of course be certain of the exact peak price but what the LMACD has shown is that every Cycle High is priced when the LMACD hits the 10 year LH trendline. Best to realize profits on your Bitcoins near that level. Before that, Bitcoin should give us one final pull-back going into the new Halving (April 2024), so that will be your new opportunity to buy if you missed the entry on the current rally. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
BTCUSD: Overbought on weekly but does it matter?BTCUSD has turned overbought on its 1W technical outlook (RSI = 70.463, MACD = 1620.000, ADX = 29.717) as it made a new annual High. This is not the only technical benchmark it achieved as it formed a Bullish Cross on the 1W MACD and crossed over the formed support that turned into resistance emphatically. We see the same repetitive pattern on both prior Cycles. As long as the 1W MA50 is supporting (which it has since March), then a 1W MACD Bullish Cross on this level initiates a parabolic rally. So be careful with trading Bitcoin technically on the current price levels as the overbought weekly technical indicators may not correct any time soon. This chart shows that if anything, Bitcoin is entering a phase of aggressive growth, even though the official timing has historically been post-Halving. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
3
BTCUSD: The hidden Pivot trendline that leads to $50k.BTCUSD is technically overbought on the 1D timeframe (RSI = 80.516, MACD = 1734.400, ADX = 57.748) after a very strong 10 day rally that saw it hit a trendline that most people haven't noticed. That is P1, the underlying pivot line that was the HL when the rally was initiated at the start of the year. A Golden Cross was formed on the first High of that January rally and similarly Bitcoin is about to form another one, the first Golden Cross since then. It is therefore possible to see a pullback to the dotted HL and then cyclical rise and fall until $50,000 in the same way as the price action worked above the P1 level from January to July. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
[EN] ETF BTC: sell with the news! // GaliortiTradingThere are two big and very famous sayings in equities: 1. " the market is never generous ": things are not what they seem and logic does not usually work. Nobody gives money away. 2. " buy on the rumor and sell on the news ". Markets are anarchic and are driven, among other things, by expectations. The recent history of BINANCE:BTCUSDT is plagued by the latter phenomenon : 1. Three Arrows Capital collapses The second quarter of 2022 was a major correction in the cryptocurrency ecosystem. Rumors about mismatches in the real assets of most exchanges (including the most important ones) raised concerns about a possible Ponzi scheme. Also, many Altcoins had had spectacular revaluations (bubbles) that were not sustainable over time. Contrary to common sense, when the rumors came true, the news ofThree Arrows Capital's bankruptcy became known, Bitcoin stopped falling and experienced a counter-trend rally of 43% , which is nothing for a fearful market. 2. FTX collapses After the collapse of Luna Terra, BTC restarts again, in the summer of 2022, its downward trend. New collapses of small platforms and rumors of problems with FTX assets set off alarm bells again. New lows are reached again in November just with the news of FTX's bankruptcy. At that time BTC changes its medium-term trend and experiences a 66% counter-trend rally . 3. Approval of BTC Futures to Coinbase Since the summer of this year, there has been a rumor that BTC Futures will be approved for the Coinbase platform sooner rather than later. The application of different fund managers for authorization to the SEC to trade ETFs also generates expectations of revaluation in BTC. Surprisingly the week that the news of Coinbase's approval to market these futures is heard, BTC plummets counter-trend by 15% . 4. Possible approval of one or more BTC spot ETFs The SEC will have to decide on its approval before the end of January 2024. It could probably do so during this Christmas season. If we look at a chart of BTC in weeks we will observe that it is starting to border on overbought levels. It is more than likely that BTC will reach its liquidity zone of $40-42,000. The rumor of approval sounds persistent but this current rally could be a great bull trap for retailers . All small investors mistakenly believe that billions of dollars will be pouring into the asset from a multitude of funds and institutional managers following the approval news. Nothing could be further from the truth: - all the managers that have applied for ETF approval have been bought for many months now. The vast majority of the final position has already been bought . - funds that want to position themselves for the first time in the ecosystem: why would they do it at $42,000 when they can do it at $32,000? - Probably the largest volume of inflows into bitcoin, in this last stage of the trend, corresponds to the retailer. It is the easiest to catch and to drive out of the market. The latest buying capitulation is more than likely to trigger a gigantic short position that has not been seen for many years. This position will make it even cheaper for large institutional players to enter the ecosystem. Good advice: BE CAREFUL NOT TO GET TRAPPED IN THE CURRENT RALLY WHEN THE NEWS IS CONFIRMED! Pablo G.
by GaliortiTrading
BTC bext bottom1D time frame - Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today. Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib, let's see current potential retracement level. Secondly, dump from 69000 to 15476, 35992 is 0.382 Fib Retracement. Thirdly, dump from 48189 to 15476, 35693 is 0.618 Fib Retracement. Further, Bitcoin is creating a big ascending wedge, which is bearish. According to these three factors, we can judge 36000 is current PRZ. This PRZ is made of different Fib level and structural resistance. Therefore, if BTC get rejected, we can expect it to break below this wedge and target is 17600~18600, same as previous perspective.
by EthanTW
5