BTCUSD.P trade ideas
BTCUSD - BUZZ LIGHTYEAR...20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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Only questions:
Will price fill the imbalance first?
Will price correct deeper to previous confluence @ 69500?
Or will price just shoot for new ATH's and fill in the blanks later?
KEYNOTE:
Today is FED interest rate decision and FOMC press conference, high volatility ahead.
Or not?
I deeply appreciate you taking the time to study my analysis and point of view.
BTCUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
BTC Next MovesMarket Makers Accumulating Shorts but market not ready to turn down. They need a to plant ideas of shorts to accumulate longs at better prices.
BTCUSD Defying a further pullback. Too bullish at Mid 75k
Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier today was probably to test this break of a previous high by new price.
BTCEveryone keeps asking me where is #bitcoin going and this is what i sent them a few weeks back...
well here is so far so good...
High probability that $BTC is at the top of its channelThere are conflicting opinions on whether BTC is in a new bullish trend or still stuck in the old downward-facing channel. Honestly, I don't think it matters. Both channels intersect today, and the price has wicked through both. From a shorting perspective, the orange channel represents the "worst case," while the purple one offers the highest downside potential for a short position.
I plan to take profits around 55,300 as this seems the most likely next move. Of course, there's always a chance of a breakout and getting liquidated, which is why it's crucial to manage risk and never risk more than 2% of your total capital per trade.
Good luck out there! 🫡
#BTC #Crypto #RiskManagement #ShortPosition
Bitcoin is both a bullish flag and a cup-and-handleBitcoin is currently displaying both a bullish flag pattern and a cup-and-handle pattern, signaling a strong confirmation of a bullish trend. These patterns, especially when seen together, often indicate solid upward momentum and are widely recognized as bullish reversal signals. With Bitcoin entering its 4-year cycle phase, traditionally marked by significant price growth, the technical indicators align favorably for potential long-term gains.
Additionally, recent news and market developments are reinforcing the positive outlook, supporting the upward trend. This combination of technical signals and external factors could attract more investors, sparking renewed confidence in Bitcoin’s next major rally. As anticipation builds, these signals may well mark the beginning of a substantial growth phase, capturing attention from both seasoned investors and new entrants looking to capitalize on this momentum.
BTCUSD SELL ANALYSIS TRENDLINE STRATEGYHere on Btcusd price form has made a trendline and was unable to break line 76064 so is like to continue falling as more seller will pushing the price down so trader should go for SHORT and expect profit target of 73194, 70815 and 68130 . Use money management
Bitcoin Approaching Major Resistance – What to Watch Next Bitcoin’s on a tear, currently pushing toward a massive resistance at $77,000. While the momentum is strong, many traders seem to be overlooking this critical weekly trendline, which could pose a significant challenge in the short term.
Here’s my outlook:
• $77K Weekly Resistance: Expecting a brief pause or even a retracement here. This level has historically been a key pivot point and could act as a temporary cap on the recent bullish surge.
• Next Monthly Resistance at $79K: If we break through the weekly resistance, we’re likely to retest $79K quickly. This is the next big level to watch on the higher timeframes, as it may signal the last pause before the final leg up.
• Blow-Off Top Between $95-110k: Beyond $79K, I’m eyeing the potential for a blow-off top, with the final move targeting the $95-110k range. This would align with typical Bitcoin cycle peaks, where parabolic advances often reach unsustainable levels before a larger correction.
Again, I expect this cycle to top out earlier than many expect. I’m looking to the FOMC for guidance; another 50bps cut would likely confirm that behind the scenes, things are falling apart.
In summary, be cautious around $77K, but if we break through, the path to $100K could open up quickly. This run looks poised for a strong finish, but we’re in for some turbulence as we approach these key resistance levels.
Trade wisely and stay alert for sudden reversals.
Bitcoin Road to 90KBitcoin is looking extremely bullish my first price target is 90k and up. We should see a breakout shortly above 73k next 2-3days good luck traders and safe trades!! Bull Run 2025 Lets go crypto Market its time
BTCUSD: Short Term Market Analysis for 11/05/24.*** This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. ***
This is an update for the 15-minute BTCUSD chart. There was key resistance in the H4 timeframe, and it broke the low trend line of the pich fork. Price tested, the resistance area could drop to 68049. There is support for H4 timeframe. Price may bounce back from support 68189.0–67903.0. If it dips, then it may break yesterday low. The last green box is an order block, and it may retest.
Is bitcoin will going up until 2025 and bear started in 2026?As u can see, the pattern always closely the same with past cycle..
u can also see my pervious ideas about btc dominance to compared this analysis
NFA & DYOR is always mandatory...
BTC 15min Elliott-Wave AnalysisIm expecting BTC to surge higher the next hours.
The chart seemingly established the Wave(4). Should therefor have more potential to the upside and finish the 5th Wave.
Bitcoin Flag pattern aim towards 100k
Second scenario BTC aim for 100k
In first scenario we see that RSI divergence and last time 70% retracement
but last time it's not flag pattern
So what you think, trade with SL and proper risk management.
Tuesday 5th November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
My technical analysis is just for fun & to practice.
Musk Won, Welcome to the forever BullNobody expected that Trump would have won, but it happened. Like always, buy the rumors, sell the facts.
Nothing else matters, Musk is in Da House!!!
BTCUSD Short-Term Analysis for 09/11/2024
Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 1-hour
Market Analysis:
The 1-hour BTCUSD chart exhibits a weakening bullish trend with the Relative Strength Index (RSI) relecting bearish divergence and volume decreasing.
Key Levels to watch:
Support: 75682.00
Trading Bias:
Following up on our previous analysis,the BTCUSD price continues to consolidate within a rising wedge pattern on the 1-hour chart, indicating a potential reversal. If neckline at 75682.00 breached, the probability of an downtrend increased and the price could dip to 72710 - 71623
BTCUSD Short-Term Analysis for 08/11/2024
Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 1-hour
Market Analysis:
The 1-hour BTCUSD chart exhibits a weakening bullish trend. However, with the price holding above the 20 and 50 EMA, there's potential for another upward move. Key support level to watch: 74,551.42. A break below this level could trigger a downturn to fill the imbalance gap." gap.
Key Levels:
Support: 74551.42
Trading Bias:
Following up on our previous analysis, the BTCUSD price continues to consolidate within an bullish pennant pattern on the 1-hour chart. The probability of an upward breakout is increasing, which could propel the price towards new highs, potentially to 78,000.
Bitcoin’s breakout above $73,000, target of $75,000 to $77,000Here's a technical analysis based on your Bitcoin (BTC/USD) chart:
1. **Current Price and Key Levels**:
- **Current Price**: Bitcoin is trading around $72,595.
- **Breakout Level**: The price recently broke through the $73,000 resistance level, indicating a strong upward momentum.
- **Support Levels**: Key support levels are visible around $66,593 and $54,896.
2. **Trend Analysis**:
- Bitcoin is in an uptrend channel, with higher highs and higher lows forming.
- The breakout above the $73,000 resistance signals potential bullish continuation.
3. **Target Levels**:
- **Short-term Target**: Based on the channel and breakout, the next target range is around $75,000 to $77,000 .
4. **Stochastic RSI**:
- **Current Stochastic RSI Level**: The Stochastic RSI is around 67.25, showing that it is nearing the overbought zone.
- If the Stochastic RSI enters the overbought zone, it may indicate a potential pullback or consolidation.
5. **Volume**:
- The net volume is relatively low, suggesting that the breakout might need more volume support for a sustainable uptrend.
Summary :
Bitcoin’s breakout above $73,000 indicates bullish momentum with a possible target of $75,000 to $77,000 . However, watch for overbought signals in the Stochastic RSI, which may indicate a pullback. Maintaining support above $66,593 will be crucial for the bullish trend to continue.
Wednesday 6th November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
My technical analysis is just for fun & to practice.
BTC Major resistance 83k - 87.5kBTC is following this pattern perfectly and will hit the upper limits of the channel soon.
Bitcoin Hits New High After Breaking ResistanceBitcoin broke through a significant resistance level around the $77,000 mark and reached a new high of approximately $78,893. The upward movement was followed by a pullback, as indicated by the blue arrow, suggesting possible profit-taking or temporary resistance at this level. The Stochastic Oscillator shows that Bitcoin is overbought (above the 63–68 range), which might indicate a potential reversal or consolidation in the near term.
Observation: The strong upward momentum and break above the previous resistance indicate bullish sentiment. However, the overbought condition may signal a potential pullback or consolidation before the next move. It’s essential to monitor this level closely for confirmation of a continued uptrend or signs of a reversal.
