BTCUSD.P trade ideas
BTCUSD BEARISH CORRECTION BTC is clearly in a bullish trend. However, market structure indicates a bearish break of structure on the H4.
I now anticipate a bearish correction towards the discount zone and possibly sweep the Equal Lows where there is Internal Range Liquidity.
Will Bitcoin surprise us?After the rapid movements of this week, Bitcoin is building a floor and the exit and entry of amateurs, I specialize in flag patterns, and if this pattern was in gold, we would definitely see at least a rise to the end of the flag height, the same in Bitcoin. I tested it, I think it will test the ceiling of 90/000 again
Bitcoin's Latest Moves: Did You Ride the Wave?Hey traders! 🚀 The 1-hour BTC chart has been offering some exciting opportunities lately, with clear trends forming and plenty of potential for those who managed to stay in tune with the market. Trend-following can be a powerful approach, especially with the way Bitcoin has been moving!
🔍 Did you manage to follow the recent uptrend?
I'm curious—were any of you able to ride these moves and capitalize on the momentum? Whether you're holding for the long haul or taking shorter trades, there’s always something to learn from how others approach these trends.
🗣️ Questions for the community:
Did you catch any of these entries on the 1-hour chart?
What do you find most effective for staying on the right side of a trend?
How are you adjusting your strategy with the current BTC volatility?
Metrics at a Glance: 📊 Total Trades: 56
💼 Win Rate: 44.6%
📉 Losses: 46.4%
🚀 Net Profit: 78.82R
📈 Profit Factor: 4.03
Looking forward to hearing your insights and seeing how everyone’s navigating this market! Let's keep the momentum going and help each other stay profitable! 💪🤑
The Daily Chart - Bitcoin - Definite pullback occurring now
BTCUSD is conducting a retrace, at most back to 70,000, the big white inefficient candle needs to be revisited and given some 'love', I note that the daily RSI and MACD are showing bearish momentum for the next little while.
Anyway, who would be game to Short Crypto at the moment. Now is a chance on some of them, which are pulling back with Bitcoin, but this is temporary overbought stuff.
[Education] You Are Dumb For Not Using A Stop LossThe Illusion of the “Perfect Routine” and Trading Psychology
I always thought that if I did the million-dollar morning routine, take ice bath, meditate, and practice mindfulness, my trading psychology will be fixed.
Whenever I see price is moving in my favour, I shifted my stop loss to secure profits. It’s fine right? It’s never wrong to secure real profits rather than letting it be an unrealized gain. I see the price took me out as my stop loss is too tight. The price went higher and higher without me. If only I had followed my trading plan which is to do nothing until price has shown bullish impulse.
When I see that price made an impulsive move in my favour, I will wait a little while longer to secure my profits. I know my trading plan is telling me to close the position now. But let’s see if we can milk some more profits from the market. As the dipped, I promise to close my position at my original take profit price. Price continued to dip and take me out at breakeven.
Whenever I see price is approaching my stop loss, I extended my stop loss and pray hard that price will not take my position out. It’s fine right? As long as I close it at breakeven when price comes back. I waited and waited, and watched the price goes lower and lower, with my unrealized loss getting bigger and bigger. From a originally planned $100 loss, it became a $1,200 loss. It was supposed to be a 1% loss, but it turns out to be a 12% loss on my $10,000 account.
“There must be something wrong with my trading psychology.” I thought to myself. So off I went to YouTube, X, Tiktok and Instagram to look at psychology posts and videos. I gave myself mental pleasure by ensuring that I will follow my system. Then the cycle repeat itself.
Core Trading Problems That Sabotage Your Success
There are a few problems that we face as a trader.
Greed, the innate emotion that all of us have. When I waited for a while to close my position, I have already secured a hefty profit which will be realized if I followed my trading plan. However, due to greed and thinking that this trade will be the homerun trade, I let greed took over my thinking. Eventually I ended up with nothing, forgoing all my profits because I think that price will continue going in my favour.
Fear, another innate emotion that haunts all of us. Trading live means we do not know what price will do in the future. Our next trade can be a big win, small win, breakeven, small loss, or a normal loss. If you took a big loss, then you have a position sizing issue. We fear that if this is really the homerun trade, and if you followed your trading plan, you will miss out on the potential 10% extra profits. But think again, how often do this kind of runs happen?
Failure to understand these problems will have a lot of consequences to your trading career. Even with a solid trading strategy with a positive expected value, you will not actualize these results you got from your backtest. You can have an average expected return of 4% per trade, but if you don’t follow your trading system, your results will be randomized. This will make you go in a loop like this: “Backtest a new trading strategy -> Got hopeful results -> Trade live -> Don’t follow trading plan -> Watch even more trading psychology videos -> Switch to a new strategy”. The cycle will continue and you will waste precious money and time.
You want to achieve financial freedom and success through trading, right? Why would you want to waste precious money and time doing the same thing over and over again?
Why a Backtested Strategy Can Make or Break Your Trading
Yes it takes discipline to follow your trading system. But do you know what else is needed? A solid fool-proof backtest result. Have a set of backtested data ready. Have that set of data be so good that you will look like a fool for not following that trading system. If the trading system can make you 100% profits consistently every month, will you not follow your trading rules? I’m exaggerating here of course, it’s hard to achieve 100% profits consistently every month. But I’m showing you how it’s dumb of you not to follow your trading rules if it has already proven you will be profitable just by executing your trading strategy and following your trading rules. By having the set of backtested data, you are also able to estimate how your drawdown curve will look like. If it shows you on average you will experience a 6% drawdown, then if you’re at 3% drawdown, why would you be afraid of taking trades?
If you’ve been following me on my journey, you would have seen my progression. I’ve manage to break free of my unprofitable self to a consistent profitable trader now. How? Just by having a solid trading strategy with more than 1000 backtested data points. It’s simple, but not easy. Do you even keep a record of your backtested data? Do you know your average drawdown %? Probably not. I have an excel sheet made just for recording your backtested data.
Remember, trading is not easy, but the process is simple. Stay consistent and trade safe.
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BITCOIN what really is it ?? MATH in an Equation The chart posted may seem hard to understand for most .But I never take away the MATH we are now in a CLUSTER of Fib relationships . I did notice fewer and fewer Crypto indexes failing one by one The Game of MUSICIAL CHAIRS soon they All FALL DOWN The most famous PONZI next to TULIP BLUB MANIA ! and I have studied everyone in my 43 years of trading . Today I talked to a few traders they called themselves Investors !! and said in it for the Long haul and when I show them how one by one was not keeping up They did not want to watch the data !! everyone is just about ALL IN THE GAME . Best of trades WAVETIMER
I just sold all my bitcoins after this huge rally that shows noI just sold all my bitcoins after this huge rally that shows no significant volume... the correction on BTC and ETH will be brutal. OR NOT hahaha
It's often a cautious move to exit positions when a significant price surge lacks strong volume, as it can signal a weaker foundation for sustaining the rally.
This can indicate that the market is being driven more by speculation than by robust buying pressure. If a correction does come, it might shake out weaker hands quickly and reset the market with more sustainable trends.
Nice drop After a long time i'm sharing idea....Nice trade setup, risk only 5-7%, saturday is not good for a trade yet the setup came to my eyes so taking it
BTC Daily Break Above Rising ResistanceBTC has managed to hold above a rising resistance that was currently dictating the price action.
There are roughly two daily bars before we meet this trend again while being above it. The rising wedge broke to the upside, so my bias for this trade is long. RSI is 72 at time of publishing. Long targets are 77,800 first, and then 84,600. These is the 1.618 extension and the 2.618 extension of the previous high swing low.
Not financial advice.
Do your own DD.
Thanks for reading the idea.
Bitcoin 6-12 months analysisBitcoin experienced a large price increase in the past few months, as you had analyzed the price of Bitcoin from $20,000 in the past, this time I will also analyze the path of Bitcoin from the price of $64,000, Bitcoin experienced a total increase up to $80,000. but in two different cases, Bitcoin can decrease to the price limit of $50,000 and move from this price to $80,000, or in the same price and range that it is at this moment, directly to 80. $000 moves and reaches this price, I consider targets for traders which are $70,000, $75,000 and $80,000 respectively for this analysis.
In addition to this increase, consider that all digital currencies react positively to this increase because all digital currencies have a positive correlation with Bitcoin, only the percentage of correlation between them is different.
Sasha Charkhchian
November 8 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
I think the Nasdaq adjustment will be the most important,
but in any case, Bitcoin's main safe zone is the 1+4 zone.
As indicated below, if the bottom doesn't break in 2,
it will be important to see how it will endure the 4-hour MACD dead cross that everyone knows.
Bit's short-term pattern is broken.
It will be important to see whether the 30-minute support + daily support are broken and
the match is decided at 1+4.
Before this zone is broken, the principle is to continue to follow the trend,
so you can focus on long positions.
If it breaks, you can mix long and short at that time.
*When the blue finger moves,
it is a two-way neutral
long->short ->long switching strategy.
For those who are not confident, it is better to focus on long positions rather than short positions, and it is important that the 4-hour chart MACD dead cross is engraved and that it does not deviate from the main section.
1. $75,459.5 long position entry section / stop loss price when the green support line deviates
or stop loss price when section 1 is touched
The section 1 at the bottom is a place where the long position entry section can be pushed.
If it is not touched at the same time,
it can be pushed by bypassing section 2 or the bottom, so be careful.
2. $76,500 long position 1st target / short-term short position entry section,
stop loss price when the orange resistance line is broken
As explained above, it can be cost-effective and risky,
so it is important to maintain it by waiting for a long position after liquidation or modifying the long position stop loss price rather than short.
If you touch 76.5K right from the current position, you can start with a short position.
3. 75987.5 dollars long position switching / stop loss price autonomous
Top -> Good section target furniture during the weekend
Check the Bollinger band center line shape according to the 4-hour chart candle shape that is additionally created at 9 o'clock
and see if the MACD dead cross is imprinted every 4 hours
It won't be difficult to operate.
Even if it moves sideways today, it is best if it is maintained without breaking the green support line
or if it protects the 1-hour chart support line.
The purple flag on the far right is the section where additional weekly chart candles are created next Monday
If you drag the chart up and down until the weekend
The top is Good above the Great section
The bottom is the 3rd section below the main price
I checked it, so I think it would be good to use it freely.
There are no significant waves yet,
and it has been moving sideways since yesterday,
so it is very difficult to analyze or explain.
My two-way strategy may fail,
but the drawing and price do not lie.
For those who are going to trade,
I hope you operate safely with the principle of trading and stop loss.
Thank you for your hard work this week.
BTCUSD Eyes $93K Amid Institutional Buys & Post-Election InflowsFundamental Analysis:
MicroStrategy's Major Purchase: MicroStrategy’s recent acquisition of 27,200 BTC at an average price of $74,463 reinforces its bullish outlook. This buy has pushed Bitcoin's valuation and likely contributed to the recent rally, with Bitcoin now trading near $84,000. The company now holds 279,420 BTC, valued at approximately $23 billion, showcasing substantial institutional backing, which could add stability and investor confidence.
Crypto Investment Inflows: Following the recent US elections, there has been a surge in crypto investment inflows, with $1.98 billion added, pointing to renewed investor interest in digital assets. The post-election sentiment and optimism about future economic policy may further boost Bitcoin's demand, sustaining its current upward momentum.
Market Sentiment: With Bitcoin nearing its ATH, the market is at a crossroads. Some analysts predict a rally toward $100,000, while others warn of a potential correction due to overbought conditions. The massive inflows and institutional investments suggest optimism, but caution is advised due to the likelihood of profit-taking and market volatility.
Outlook:
Bullish Scenario: Stability above the $79600 resistance could propel BTC/USD toward the $92800 and $100,000, driven by strong institutional support and positive market sentiment.
Bearish Scenario: Failure to break resistance could lead to a correction, with potential support around $71,400.
Conclusion:
The BTC/USD chart reflects a strong bullish outlook, but it is crucial to remain cautious of potential corrections, especially near key resistance levels. MicroStrategy’s large-scale investment and post-election inflows provide a supportive backdrop, making a $100,000 target plausible if Bitcoin sustains its current momentum.
previous idea:
Bitcoin (BTC): Possible Movement To $65KThe daily timeframe is showing us the overbought RSI (which during the bullish markets is important to be noticed).
Also, one interesting thing to point out is the CME gap that we formed during the weekend here, which adds to our plan here.
Movement to the lower zone to re-test the broken zone and look for possible movement to the upper zones from there.
There's a lot of liquidity to take out here, so keep your eyes wide open!!
Swallow Team
#btc #btcusd #elliottwave short sell setup wave c 10Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BITCOIN IS VERY BEARIS SHORTPlease check our technical outlook for BITCOIN.
The market is on a crucial zone of supply 74723.
The above mentioned technicals clearly indicate the domimnce of sellers on the market. I recommend shorting instrument aiming at 64959
Bitcoin - Flag pattern breakout for 88,000 targetToday Bitcoin has touched fresh new high of 75,000
On weekly time frame there is a flag pattern breakout which will take it to 88,000.
BTC MAKING NEW ALL TIME HIGHSBears are in disbelief.
The halving cycle is once again playing out EXACTLY the same as in the past. Roughly 6 months after the halving, Bitcoin breaks consolidation and pushed parabolically to new highs.
This was my base case, so it is nice to see it confirmed. All we had to do was wait a bit.
Enjoy the ride.
Stand StillHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Sometimes I add a bit to what I have thought. let's do some math here:
Technical Section:
minute:
Wave 4 = 50% of wave 3 ($ 49k)
that was the end of it
Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528
minor:
Wave C = 123.6% of wave A ----> Target = $ 92115
Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical!
Appendix:
Stand pat! (Feb 29, 2024)
Dec 28, 2022 (This is what I am basing mine on for the bull market!)
$BTC Fib Probabilistic MapAdjusted version of previous charts for experimental purposes
Time and Price related fibonacci channels are sourced from the cycle of Covid Low and 2022 Low.
Previously I used the steepest (time related) fib channels all the way back from 2014.
I chose the source from covid cycle over the prehistoric one to witness how price behaves to more recently formed angles.
will touch 100k and will recover to 40k Short at 100kA divergence is clearly visible, and there will be a correction to 40k
Bitcoin 88888hello friends
I hope you are well
Bitcoin has completed its three correction waves and is preparing for the next upward move
The lowest price we will reach in the near future is 88888 and we will see much higher numbers in the near future.
Be successful and profitable♥️🌹
Pay no attention to the wavy line...Added this nonsense as filler- you know what to do though: we wait till the red resistance zones populate, so we can mentally throw out support zones that don't match the support/resistance channel.
What do you think: is this the channel that holds till Jan 1st 2025?
Because if it is, then we're darn close to >100k in the new year, and possibly reaching MAJOR correction by the inauguration.
