BITCOIN trade ideas
BTCUSD: The catching up to Gold has started.Bitcoin is having an excellent day turning almost overbought on its 1D technical outlook (RSI = 69.867, MACD = 3107.700, ADX = 41.327) and that is normally a signal for more upside to come. Adding Gold to the mix, we see that in recent past when Gold topped, Bitcoin was at the start of its uptrend and eventually caught up to Gold. Today's rise is probably similar to early November 2024, so we expect another 1.5 - 2 month upside before the next short term pullback.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
BTCUSD: 1H Death Cross might be dangerous but expect $100k if inBitcoin remains bullish on its 1D technical outlook (RSI = 61.614, MACD = 2557.800, ADX = 37.923) despite the correction since Friday's high. This is because the underlying pattern is a Bullish Megaphone which just bottomed. On the other hand, the 1H timeframe just formed a Death Cross. If this is invalidated and the price remains inside the Bullish Megaphone (also see that the 1H RSI is on a Bullish Divergence), we can see $100k on the next leg up (1.5 Fib extension like the 2 HH before). If the Bullish Megaphone breaks, testing the 1D MA200 at least, is veyr likely.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Temporal Aspect of FractalityIn this publication, I would like to bring some clarity to the series of my unconventional analysis.
At this stage of my research I have no doubt that market's natural growth patterns can be defined by historic range and power exponents of Phi. Essentially, it's just two overall fib channels that cover structural boundaries of bullruns from ATH to new ATH mapped to bottom as 3rd coordinate. When we have angle of fibs derived from chronological highs, the ratios would cover the levels of oscillation from price scale perspective.
Whereas the temporal aspect of fractality, requires looking for frequency of reversals in price dynamics. So instead of connecting pivots of same classification, we interconnect opposite points of extremes in order to tune fib direction to the angle of trend and map 3 coordinate to next swing point. This way the spacings that come with the fib proportions would indicate rhythm of trend occurrence.
The primary objective of this publication is to expose traders to the forces underlying market behavior. Specifically for illustrating temporal rhythms, the end result seen in interactive chart looks like a more simplified version of works i've shared earlier.
BTCUSD: The final 7 months of the Bull Cycle have begun.Bitcoin remains on excellent bullish 1D technicals (RSI = 65.277, MACD = 2917.800, ADX = 44.478) as it is recovering from this months Low. A recovery that will close today the monthly candle in green, the first after 2 bearish 1M candles. This has technically kickstarted the final 7 months of the Bull Cycle, which have historically been a straight rally to the Cycle's Top. The last 2 Cycles took 35 months from bottom to top and based on that we expect the current one to peak in October (2025).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Bitcoin has a strong bullish momentum, could it rise further?The price is falling towards the pivot which is a pullback support and could bounce to the pullback resistance.
Pivot: 92,947.86
1st Support: 88,510.65
1st Resistance: 99,514.34
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.
Sell@97500, TP 96000 - 95000 - 94000🎉 Yesterday, I accurately predicted that the price of BTC would break through 97,000! 🚀 Now, a pullback is on the horizon ⬇️. Keep an eye on the support level at 93,000! 👀
⚡⚡⚡ BTCUSD ⚡⚡⚡
🚀 Sell@97500
🚀 TP 96000 - 95000 - 94000
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
Bitcoin: holds, but slowing downThere are two major events which marked the previous week. One is related to the Chinese government, which openly noted that they are considering entering into negotiations with the US Administration regarding the ongoing “trade war”, noting the absurdity of the currently imposed tax of 145% on Chinese goods and 125% on goods imported from the US. The other news was related to the US macro data and stronger than expected jobs data posted during the previous week. The market was relieved that the US economy is obviously not entering into recession, which was their worst fear during the previous period. All these, currently positive news supported optimism on financial markets, including the riskier assets, like BTC.
The price of BTC continues to move toward the higher grounds during the week. The highest weekly level was reached on Friday, after the jobs report, at the level of $97,8K. The price eased a bit during the Saturdays trading session, currently trading around $96,2K. The RSI continues to move close to the overbought market side, ending the week around the level of 67. This would be usually a clear signal in technical analysis that the potential reversal is coming, however, at this moment it might happen only if strong demand is put on a halt. Moving averages of 50 and 200 days are currently moving as two parallel lines with an uptrend.
The volatility might continue also during the week ahead. It should be strongly considered that the FOMC meeting is scheduled for May 6-7, where Fed officials will decide on the course on interest rates. What the market is currently expecting to hear from Fed Chair Powell is the Fed's view on the potential negative consequences of imposed trade tariffs. This might have a strong implication on investors sentiment and bring back volatility on the market. At this point, BTC is slowing down. Whether this is only temporary, will be much clearer during the week ahead. As per current charts, the level of $ 98K is the next historically significant resistance line. There is some potential that the BTC might try to test this level in the coming period. However, if the market turns to the down side, then the $95K might be the next level, on its road toward the $92K.
Watching for 88.5-89KMorning folks,
So, upside spike has happened and our 3-Drive + butterfly patterns are done. Although we haven't got continuation to 98K area that also was on a table.
Now short-term sentiment has changed. Recent data shows that the Fed doesn't need to hurry up with rate cut, yields turns up, so BTC also could follow the common tendency with deeper retracement.
This is the reason why we do not consider any longs today. As a nearest area that might be reached we consider 88.5-89K support.
So, for bulls it is nothing to do. If you're intraday trader, you could consider bearish positions from predefined Fib levels on the picture. 3-Drive hasn't reached its target yet, so 92.5-93K area still could be reached...
BITCOIN Will Keep Growing! Buy!
Hello,Traders!
BITCOIN is trading in an
Uptrend an the coin made
A bullish breakout of the
Key horizontal level of 94k$
Which is now a support and
Is now going up again so we
Are bullish biased and we will
Be expecting a further
Bullish continuation
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BITCOIN Why is this rally surprising you?Bitcoin (BTCUSD) has completed 3 straight green weeks, with an impressive last 1W candle closing and started the new one right where it left. This rise shouldn't be surprising to most as it has fulfilled all the conditions that initiated all major rallies since the November 2022 Bear market bottom.
The first week of April rebounded strongly on the 1W MA50 (blue trend-line), which as mentioned numerous times on our channel, has been this Bull Cycle's main Support and kickstarted the Q4 2023 and Q4 2024 rallies.
At the same time, the 1W RSI broke last week above its MA, which has been the final confirmation of those Bullish Legs. With the 1W Bollinger Bands (BB) still ranged, the top trend-line is expected to rise aggressively as BTC's uptrend accelerates, something that resembles October 2023 and October 2024.
Throughout this Bull Cycle, those rallies have lasted around the same time, the longest being 14 weeks. As a result, the latest the current Bullish Leg tops should be on the week of July 14 2025 and a +92% rise as February - March 2024 should deliver a test of the Higher Highs trend-line around $140000.
Do you think that's the most probable scenario? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
$BTC Bull Trap Clear As DayI’m probably the biggest 3-Year perma-bull on this app, and even I can tell this is most likely a bull trap.
This is either the beginning of the long awaited parabola, or else we’ll correct back down to at least the 200DMA in the next week, or the 50DMA within the next month.
Lack of volume on the move and RSI becoming overheated gives me feels for the latter
Remember, never trust a weekend pump 💯
Bookmark this.
a bull trap?A bull trap in trading refers to a situation where a stock or other asset appears to be breaking out upwards, attracting buyers (thinking it's going to continue rising), but then the price reverses and starts to fall. Essentially, it's a false signal of an upward trend, tricking traders into thinking it's safe to buy, only for the price to drop soon after.
Here’s how it typically works:
Upward Movement: The asset experiences a strong price movement to the upside, making it look like a breakout.
Fake Confirmation: Traders interpret this as a signal that the asset is starting a new bullish trend, so they jump in to buy.
Sudden Reversal: After a short period of gains, the price reverses direction and starts to drop, trapping the traders who bought in.
Losses: The traders who entered during the "trap" are now stuck with losses, as they bought at the higher price and the asset's value starts to fall.
Bull traps are a danger to traders who rely on technical indicators or breakouts without confirming broader market conditions. It's important to wait for confirmation signals before jumping in on a trade, as bull traps can lead to significant losses if not recognized early.
Watch out zone this support zone if the price of bitcoin can hold abot 92589 we can see that the price of Bitcoin is bullish
breaking down this area we may see retest down to 85k level
Highlighted in green between approximately $96,500 and $97,050.a 1-hour chart of Bitcoin (BTC/USD) on the BITSTAMP exchange. Here’s a breakdown of the chart:
Current Price: Around $96,479.
Sell Zone: Highlighted in green between approximately $96,500 and $97,050. This is likely a resistance zone where the trader expects selling pressure.
Red Zone Below: Represents the expected price drop area, indicating a bearish outlook.
Price Action: The chart shows a sharp move up into the Sell Zone, followed by a small pullback, and then a projected drop.
Target Zone: Around $93,242, with an extended potential drop to $91,572, indicated by the arrow.
Support Zone: The yellow rectangle near $93,200 is a key support area where price might stabilize or bounce.
This chart suggests a short (sell) trade setup, anticipating a reversal from the current high back toward support levels.
Bitcoin, ATHs test on the Horizon.Niiiiiiiice, After a nice run up from the Weekly and Daily pov confirming a test to the ATHs is on the horizon.
Now that we have the EMAs in sync with price is TIME for a retrace to test the 55ema (orange line) and then bounce to continue higher.
Even if price drops to the $84k line the UPtrend will still intact.
Buckle up ladies and gentlemen ATHs and above is on the horizon.
BITCOIN (BTCUSD): Strong Bullish Signs?! ₿
Bitcoin has probably completed the accumulation
stage after a completion of a strong bullish wave a week ago.
I see a breakout of a resistance line of a symmetrical triangle
on a daily time frame.
It is an important sign of strength of the buyers.
The price may continue going up now and reach 98.180 level.
❤️Please, support my work with like, thank you!❤️
BTCUSD 1HOUR TIME FRAME BEARISH ZONEHere’s a breakdown of the key elements:
1. Resistance Zone (Yellow Box at Top):
Price has previously reversed from this area, suggesting strong selling pressure.
This is marked as a supply or resistance zone.
2. Current Price Action:
Price recently spiked up into the resistance area and is now forming lower highs and lower lows (indicated by the black zigzag line), suggesting bearish momentum.
3. Cloud Indicator (Ichimoku Cloud):
Price is currently above the cloud, but there's a projection for it to dip into the cloud and then break downward, aligning with the short setup.
4. First Target (Red Line at ~95,139):
This is a support level or minor demand zone where the price may react.
5. Second Target (Yellow Box at Bottom ~93,200):
A more significant support level, indicating the ultimate profit-taking area for this short setup.
6. Blue Arrow:
Visual indication of the anticipated bearish move
Interpretation:
The chart suggests entering a short position near current levels (~96,480) with:
First take-profit around 95,139
Second take-profit around 93,200
A stop-loss would likely be placed above the resistance zone (~98,000)
BTC Breakout: Symmetrical Triangle Formation Near Key Resistance Bitcoin highlights a symmetrical triangle pattern forming just below a descending trendline and key resistance zone around $96,000–$96,600. The price action is consolidating within narrowing support and resistance lines, suggesting a potential breakout. A bullish breakout above the red trendline and consolidation above $96,000 could lead to a strong upward move toward the resistance zone. Traders should watch for volume confirmation and breakout retest opportunities for optimal entry points.
Bitcoin (BTC): Looking For Re-Test of $92,000Weekends were pretty bloody, where we had a strong sell-off on the markets, but yet we did not see the proper re-test of the local resistance zone (which is still the resistance and now proper support zone).
We are looking for the price to decline back towards the GETTEX:92K , where we will be looking either for further downward movement or upward movement.
We set both sell and buy entry zones for us so let's wait now
Swallow Academy