Possibility of correction It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed up to the previous ceiling range. Then a trend change is expected. If the support trend line is broken, the continuation of the downward trend will be possibleShortby STPFOREX0
Take A Guess What Happens Next....Almost every time Bitcoin breaks its HTF trendline, a solid move in the opposite direction occurs. Let's be cautious and use proper risk management to minimize losses and maximize gains. Maybe the 7th trendline break will be different..... Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only. Shortby Navitility1
BTCUSDT LONGI will long this trade only if it comes and takes down the liquidity of the marked zone or retest the marked zone with proper risk management.Longby abdulmoizboy0
2 DAYS UNTIL THE ELECTION BUY THE DIP !! TRUMP WILL WIN ! If donald Trump will win then huge downturn. Bitcoin will hit $150K until donald trump wins Bitcoin will go crazy up and down; be sure to yse proper risk management. Buy bitcoin now and take profits at $150K or few pips before it; If it drops keep an eye and place a stop loss so you wont lose much. Im seeing opportunities; not mountains Longby JoyBoyVegae0
Bitcoin - a leading diagonal?If you follow my X account, I posted this diagonal just after the waves 1-2 were printed. If this leading diagonal is the wave 1 in a larger impulse, then, most likely, we will get to $100k by the end of the year in the wave 3. Trade safeLongby Alpha_Mind0
$BTCUSDMarkets are getting into its demand fill as we get elections going on this week rumors of trump victory will make new all time high for BITSTAMP:BTCUSD expecting pullback into these levels and push to upside afterLongby calmstradesUpdated 0
This Bitcoin (BTC/USD) daily chart Bullish Bias: The overall trend remains bullish, with price action inside the ascending channel, above both the 50-day and 200-day SMAs, and positive MACD momentum. Caution for Potential Retracement: The Stochastic RSI's overbought condition and resistance near $74,000-$77,000 suggest that a pullback could occur. A retracement towards $64,000-$65,000 would be a healthy consolidation level and could present a buying opportunity if the trend remains intact. Breakout Confirmation: For continued bullish momentum, Bitcoin needs a decisive break above $77,000 with strong volume. This would likely confirm the bullish continuation toward higher targets, possibly above $80,000. Watch for Election Day Volatility: The approaching Election Day could lead to increased market fluctuations, so it's crucial to monitor support and resistance levels closely. This analysis indicates a cautiously optimistic outlook for Bitcoin, with a bullish bias, but readiness for a potential retracement or consolidation phase in the short term.Longby Stoxello0
Fifth Rejection from the Last HurdleBTC’s initial reaction to the $72,000 - $73,800 resistance indicates a fifth rejection at this critical level. For a potential retest of this resistance, BTC must secure a weekly close within the $65,500 - $67,300 support zone. As noted previously, BTC could experience a deeper pullback, potentially revisiting the downward trendline it broke out from two weeks ago. However, to sustain bullish momentum, BTC must maintain weekly closes above this trendline to bolster the likelihood of a renewed move higher.by SlimPhem1
BTC USD UpdateAnother monthly bullish candle has closed, but the bullish bias stopped the trend just before the all-time high in BTC/USD pair High liquidity has been grabbed, and we've seen a massive bearish reaction. I have a runner and a stop-loss below 65,149.51. If we lose this level, we're in bearish mode. Let's see what market makers are planning to do this week and what the overall end-of-year price action will be. I'll try to share some good setups, but going long just before we missed taking out the high looks a bit risky, so I'm in scalping mode, sitting behind order flow software and trying to catch a high-volume ride somewhere. I'll keep you posted!Longby themarketknight1
BITCOIN - BTCUSD - SWING IDEABitcoin is currently testing the 0.5 Fib Area along with the market structure Resistance. We can LONG after it breaks the 69,900 Level and aim for ATH (All Time High). Otherwise, in case of a breakdown, we can look for a small scalp/trade. Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀by abdulmoizboyUpdated 1
BTC - BTFD OpportunityBitcoin is in a significant support zone after a sell-off. We are taking the opportunity to open a long position, which should take us back above the USD 70,000 mark.Longby Ochlokrat0
Bitcoin investment must-have(11/4-11/10)This week is the U.S. election week, now the U.S. election uncertainty is very big, nearly a month since Trump's voice is very high, but the election process Harris's victory is gradually rising, the U.S. election has a major impact on the whole market, and there is also the interest rate meeting on Friday, the cryptocurrency market at present to watch and avoid the risk. Option ATM IV has risen to 80% this week, and with all of this month's option IVs significantly higher than forward options, the next few days could be big. 🌟 Heavyweight events this week: Tuesday 11/5 💼 Reserve of Australia announces interest rate resolution and monetary policy statement (11:30) 🌟 US holds 2024 presidential election 11/6 Wednesday 💼 Bank of Canada publishes monetary policy meeting minutes (02:30) 💼 U.S. Treasury announces debt issuance program for the new quarter (21:30) 11/7 Thursday 💼 Bank of England announces interest rate resolution and minutes (20:00) 💼 US initial jobless claims for the week (20:30) 11/8 Friday 💼 Fed announces interest rate resolution (03:00) 📌 Crypto Market Outlook: This week is the U.S. election week, now the election is burning, who will win is not yet known, and Friday's interest rate meeting, the market is generally believed to be a 25 basis point rate cut, this week's option parity IV has risen to 80%, cryptocurrency risk aversion is obvious. With Bitcoin's short-term term IV currently at high levels, it would be interesting to get in on a bit of election gaming this week. 📌 As for the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high-interest orders, and it is worthwhile to actively transact when you come across the right rate order, especially when there is a market for it, which deserves special attention.Longby Greeks_live0
BTC/USD Analysis (03-Nov-24)BTC/USD Analysis (03-Nov-24): Sentiment: Bearish Current Range: 68,336.16 - 71,636.16 Target: Anticipate further decline to 62,434.50 due to weekly liquidity sweep. Shortby MUHAMMADWALEEDKHAN2
Bitcoin's Squeeze in price is building momentum upwards I hope you are well this Sunday. If you have been following my Bitcoin thread this weekend, you will know that price has further to fall, if the Bitcoin market is to tank downwards. What I am saying is that we are in a squeeze moving price down and up which contracts price and causes the squeeze effect, which quite frankly is needed in circumstances where volumes are again low this weekend. But this squeeze is building momentum in the Bitcoin tank. Bitcoin price has recently tested the level just under 69000 which is a big support level. Unfortunately some Stop Losses would've been triggered and price has taken the liquidity and moved higher. I never like to promote a stop loss level to someone, but I think it's reckless if I do not in circumstances where price tanks. Please take a look at a recently Daily Chart of Bitcoin. I present Fib Levels & Fib EMA's 8,13,21,55. Both are supportive of price to move higher from current levels. 69,000 and thereabouts is the support zone and I think this level will hold. Longby Easy_Explosive_TradingUpdated 8
Bitcoin can breach retracement level and resistance levelBitcoin could not break ATH and once again fall to the retracement level and also break ascending triangle it is the sign bitcoin should go down and retrace more to the given levels in chart. bitcoin never go up without doing retracement so here we need a retracement of 63K for Bullish trend.Shortby FxPhilakone0
BTC price projection for November based on historical returnsI got data from CoinGlass looking at Bitcoin historical returns in November since 2013. BTC has accumulated 42.78% gains on average. With seven positive years out of eleven, November also has a median return of 7.12%, from opening (1) to closing (30). In particular, November’s best year was 2013 with 449.35% gains from day one to 30, followed by 2017 and 2020, with 53.48% and 42.95%, respectively. Meanwhile, 2018’s bear market resulted in -36.57% returns in November for Bitcoin, being its worst year followers by 2019. Bitcoin opened November 2024 at $70,272. So, if you project this price for the end of the month based on historical average and median returns, BTC could reach a range between: Median (7.12% = $75,275) Average (42.78% = $100,334) This, of course, is just for your entertainment, and the analysis shouldn't be used in isolation to make any financial decisions. I hope you enjoyed it. All things considered, Bitcoin price is impossible to predict with precision, as the market is extremely volatile and uncertain. Investors should understand what they are buying and consider multiple factors before pressing the button. Longby vinibarbosa1
Drop after Election Pump with FOMCMy trading idea for next week is as follows. I will be watching the price action very closely on Monday, the day before the election. This will prepare the price for the volatility of the election. I expect the price to move to the EMA50 on the 1D time frame next week. That would be around $64k. Then there is the FOMC meeting on Thursday, which could lead to a significant rise in the price. Next week is very important. The use of leverage should be taken carefully.Shortby reports20netrust1
BTC/USDT W In the event of a strong breakout and a weekly close above the white line, which is acting as resistance, the next price target is $250,000. As long as it remains below this line, there is a possibility of a drop to $50,000 and even $40,000.by Walwel0
forget 70k level, look out for this importanlevel to surpass... As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890. Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through! This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected. These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly. Best regards, and let’s hope that’s the case!! TRADE SAFE!Longby RocketMike1110
BTC/USD Weekend MovePotential BTC/USD Directional move for the weekend as we head our way out of the premium zone into discount. 4hr chart: Key levels of $69,859 would need to be mitigated to show any further strngth to the upside, however we have already sweept the liquidity resting at the 4hr fair value gap and price action seems to be having a bearing reversal pattern with the 20 ema heading to cross the 50 along with the 50 changing trajectory to face to 100. This move could be to tap into the decisional and extreme order blocks at $68,171 and $67,271 could then allow for a reversal and rightly so placing it conveniently within the discount zone on the PD array, the MACD would be sitting below 0 making it an optimal area for entry on the buy side as long as we get a clean reaction off $66,101, which would sit us perfectly on the 200EMA. Failing that we'll continue to head down to test $63,626 and at that pointthis would be the beggining of a bearish reversal on the 4hr. Certainly on the daily: Which would make sense since we seem to seem to have reached heavy resistance to the upside on the weekly: giving us more confirmations that we are in premium so sells are imminent as a liquidity grabe before heading into a markdown phase or we pull back up to continue the ranging market structure. Happy Trading and a good Sunday too you all.Shortby FXCapitalClub0
Long term Bitcoin plan of action.This is what I envision for Bitcoin up until 2030. I believe this current 2 week candle will close as a doji and then the following weeks after the US elections to be bullish. Bitcoin peaks around $93,236 based on fibs. Distribution will take place and price will thenhave a 50% to 60% bear market retracement that takes the chart into 2027 or 2028. That's where the market will bottom at around $45,000. Once renewed enthusiasm comes back into the market there will be a parabolic move skyrocketing Bitcoin to $336,000 where it will consolidate for some time having 40k + and - swings. After redistribution, hyperbitcoinization starts to become a reality around the world with one country after another making it their standard form of payments. At this point, there will be no top, at least not in our lifetimes. Bitcoin will continue to rise as global adoption takes place and by 2140, the year the last Bitcoin will be mined, you will use your Bitcoin to do anything. As Michael Saylor puts it, "There is no second best."Longby MonkeyPhone1
Falls in price deceive. Bitcoin's Daily Chart is Demand-driven! I know Bitcoin sold off really quickly about 48 hours ago trying to reach higher highs and resistance. Price also made no further attempts to retest the breakout high price, but not yet. Daily chart is attached. It looks indicative of higher prices to my eyes, but we only see what we see. If I am missing something more bearish please write in the comments. It's a learning curve for us all. Quickly my reasons, Bitcoin switched to a Demand-channel in recent months, you know higher highs and higher lows, now recently Bitcoin price has remained in the upper part of channel, for me that is a bullish sign. Check the chart. Thanks for reading. Longby Easy_Explosive_TradingUpdated 1
Election week scenario 2 BTC loses the point of control, but holds the anchored view up from the swing low and weekly support level, followed by moved to all-time highLongby virtue2.02