Thursday 7th November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
My technical analysis is just for fun & to practice.
I only use basic charting knowledge (I dont keep up to date with Crypto News).
Good Luck!
BTCUSD.P trade ideas
Bitcoin’s Meteoric Rise: Aiming for $150K by 2025In our analysis of Bitcoin, we believe the bottom was reached in November 2022. Since then, we’ve observed a significant upward trend. We expect this momentum to continue, with Bitcoin reaching between $120,000 and $150,000 by February 2025. After hitting these highs, we anticipate a substantial correction to follow.
Is bitcoin priming for 6 digit prices? This bullrun came out of nowhere and also did not give us the deep correction that we've come to expect from the previous bull/bear cycles. In fact, bitcoin managed to correct and accumulate inside the indicated range for an extended period, which is quite a feat considering the price per unit. This brings me to the conclusion that the correction is possibly over and bitcoin is ready to test ATH again. Also since the previous bear cycle was extended for a longer period (than what we know from history), it doesn't make sense to start another bear cycle right now. This reduces the probability for lower prices. What's even more strange and adds weight to the theory is that, it looks like (based on certain indicators) the next bull run has already begun!!
BUT!!
Bitcoin's strange MO is to always paint a green future ahead, just before dumping real hard. So take this one with a grain of salt.
Confirmation to look for:
The weekend is bullish and closes as indicated on the chart.
Trade will activate on confirmation!
Disclaimer: These are not trading signals. Trade at your own risk!
BTC TOWARDS THE ELECTIONSTomorrow is the big day, all assets might break down and aim at lower lows and key levels, espcially in the US ;
USD, GOLD, BTC and NASDAQ will all be touched by this ;
BTC has already broken and will confirm tomorrow.
BTCUSD LONG FOR TARGET 69392At current label BTCUSD buy for the target of 69392 with a small stoploss 68749
BTC update and short-term targetBTC is poised for a test at 80k very soon (next 10 days). I believe this will happen as the asset hits the prior momentum trend line (purple). I am working with a new indicator that Krown uses and I do like the layout and setup, its a more clear and helpful version of the stochastic RSI I use. We note a cross on this indictor and zoomed in both moving average pointing upward. We have a TON of room to run here. BTC is exploding from low volatility and in price discovery. I would love a test down to 74k before this move.
BTCUSD: Bearish Continuation & Short Trade
BTCUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell BTCUSD
Entry Level - 76361
Sl - 78900
Tp - 71961
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
BTCUSD:Watching $76,400 support trendline break. Potential shortBitcoin's bullish momentum has reached a critical juncture.
Key Levels:
- Support Trendline: $76,400
- Breakout Target: $69,720 (previous resistance)
- Long-term Target: $85,000+
Entry Strategy:
- Wait for break of support trendline ($75,400)
- Confirm bearish momentum
- Short positions considered
Market Sentiment:
- Cautious, awaiting break or bounce
Technical Indicators:
- RSI: Neutral (50-60)
- MACD: Converging lines
Near-term Outlook:
- Break below $76,400 may trigger sell-off
- Bounce or consolidation possible
- Long-term uptrend intact
Recommendation:
Monitor $76,400 support trendline closely. A break may present short-term opportunities.
btc sell for short term still remains bullish long termon the hourly and 4 hourly beause btc might be creating a false break out with bearish rising wedge. if break out occurs well likely break below into briefly for mild consolidation. while this plays out still remaining bullish for long term
BITSTAMP:BTCUSD
Bitcoin Breaks $72,000: On Track for a New Peak in 2025?Bitcoin recently broke through the critical $72,000 resistance level, marking a new all-time high and confirming a bullish trend. This breakout suggests strong upward momentum, driven by factors like growing institutional adoption and demand as a hedge against economic uncertainty.
Looking ahead, I anticipate Bitcoin could reach a peak between $180,000 and $240,000. This target aligns with Bitcoin's historical 4-year cycle, which typically peaks 18-24 months after a halving. Given the next halving in April 2024, we could see Bitcoin hit new highs between May and November 2025.
Key levels to watch include support at $72,000 and potential resistance at $100,000 and beyond. While volatility remains a factor, Bitcoin's long-term outlook is optimistic, with substantial upside potential in the next few years.
Bitcoin weekly chart. A hint at how its price may head very soon
My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already.
This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough.
In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants.
Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone.
Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out.
Good luck.
BTC Possible Short-Term Scenario (Long)Sharing my view on the BTC short-term scenario.
Main idea here is to find confluence of the resistance levels using different technicals.
THE WHALES accumulate in BTCis it clear now btc ?
NASDAQ indice had the same confermation before break the top of december 2021 , btc on accumulation and it's prepare for a big movement up ,
this boring movment and go up and down , it's just to make ppl disbleaf in this market and to let ppl sell thier coin , not all ppl will get rich .
now we are making a bottom ,
the big confermation is breaking above 66K.
don't be greedy . don't but your all eggs in one basket
this is my analyse it's not a recomandation to buy or sell !!
#bitcoin (cryptocurrency)
#btc
#bitcoin
The speculative cup and handle is now valid and in playAfter the recent correction,the previous idea about this cup and handle (which I will link below) which described this pattern as purely speculative because we had not yet started to form a legitimate handle,is now no longer speculative as we have retraced enough and for enough daily candles to consider the current price action a handle even if it breaks above the rim line in jsut the next few days. There are still a couple speculative aspects to this chart. I went ahead and picked a random guesstimate for the length of the handle that I drew with the red trendlines. I tried to make it wider than it might actually be just to try to keep the price action inside its parameters as it develops…I also took its depth down to around the daily 50ma(in orange) it could go lower than that, or it could already have reached its lowest point, I felt doing so would be a nice middle ground for wherever it eventually finds its lowest point to be. Lastly where I placed the dotted green measured move line is also currently speculative…as always I just guesstimate an breakout point for the emasured move line until we have validated the breakdown then I go back an adjust the measured move line accordingly to get the most precise breakout target. Good news is where ever this thing eventually breaks out the target would be somewhere around 130k or higher. Now for the more bearish scenario, Iwent ahead and cloned the rimline of the cup and found that when I put it on the bottom and make a channel with it, there were enough pivotal candlestick touches on that line that not only is the cup and handle very valid so is the channel, this means should we somehow experience some sort of massive black swan, that it would be possible for price action to drop far enough to retest that bottom channel trendline and in turn nullify the cup and handle. This seems like a much lower probability than the cup and handle triggering its validation but it is indeed still a possibility…also, should it do something like that, and the channel becomes the more valid pattern, the breakout target of the channel would be roughly the exact same as whenever we were to break up and out of the cup and handle anyways, so to be honest, a retest of the bottom of the channel would actually be an even greater opportunity than if we just went ahead and broke up from the cup and handle itself because it would allow us to accumulate much more at a much lower price and the percentage of gains that could be made from all the way at the bottom of the channel to the final breakout target would be much higher. For now though I think just breaking up from the cup and handle is the much mroe probable outcome, but I am always ready for the less probable outcomes to occur as well. Really, in my opinion, no matter what happens in this situation, it’s a win win. *not financial advice*
BTC/USD | We could possibly see new highs before this year ends!We've seen former US President Trump used Bitcoin to pay for the food and drinks of patrons who attended the crypto-themed bar in New York. I guess this unique situation speaks for itself.
If he will get re-elected, be ready for another breath taking crypto rally.
But honestly here's my opinion, inflation is the greatest enemy of fiat currency because of the unlimited supply thus fiat currency loses its value as time passed and since BTC is limited, I think Bitcoin will be the safest storage of wealth in the future. Unlike Gold, you can bring your Bitcoin in any part of the world.
BITCOIN HEADING HIGHER! BUCKLE UP!!!COINBASE:BTCUSD NASDAQ:IBIT
🚀BITCOIN HEADING HIGHER! BUCKLE UP!!! 🚀
Bitcoin is unstoppable, and the next U.S. President won’t change that! 🌟 +67% Potential!
In our previous video, we did a deep dive into Bitcoin. Here's what we covered:
1️⃣ High Five Setup: MASSIVE Multi-Year Cup & Handle and Bull Flag Patterns.
2️⃣ Historical Review: CRYPTOCAP:BTC tops and bottoms – spoiler: we haven’t topped yet!
3️⃣ Trade Insights: Entry/exit points and price targets.
We've successfully bounced off the BULL FLAG retest area and are heading higher. Breaking $74k could mean a breakout of the multi-year cup n handle pattern, targeting over $100k! 🚀
It's early on election night, but in the long run, it doesn't matter for Bitcoin. Don’t believe the FUD.
NFA
#Bitcoin #Crypto #TradingStrategy #HighFiveSetup
Bitcoin Breaks the Trendline: Breakout or Just Another Fakeout.?Bitcoin has once again breached its established trendline, raising the question of whether this is a legitimate breakout or just another false movement, akin to previous instances. At this juncture, Bitcoin could take two potential paths. For a significant downward shift to occur, Bitcoin must break through a critical support level of 66000 dollars. If this level is compromised, it may indicate a sustained downward trend.
It's also important to note that upcoming events, such as the US elections, could have a substantial impact on market dynamics. Therefore, exercising caution and conducting thorough analysis before making any investment decisions is highly advisable.
Bitcoin (BTC/USD) Technical Analysis Summary:
- Timeframe: 1-hour
- Trend: Ascending channel
- Key Indicators:
- 100-period SMA: BTC is trading below this level, showing short-term bearish sentiment. A reclaim above the SMA could indicate bullish momentum.
- MACD: Currently bearish, with the MACD line below the signal line and a negative histogram, suggesting selling pressure.
- Support Levels:
- Channel Support: Around $67,000. This level is crucial; a break below could signal a trend reversal and potential downside toward $61,800.
- Resistance Levels:
- Channel Resistance: Near $72,000. Breaking above this could indicate a continuation of the bullish trend.
- Volume: Low volume suggests limited strength in current price movements. Watch for increased volume near support or resistance to confirm a breakout.
Summary: BTC is testing the lower boundary of its ascending channel near $67,000. Holding this support could provide an opportunity for a rebound. However, a break below this level with increased volume may signal a bearish reversal.
Personal Opinion What we’re focusing on right now is that there’s an important support line that doesn’t want to break at this moment. However, the positive news from the U.S. election—if Trump wins—might help it dip a bit further before making a stronger upward move.
Bitcoin is overboughtOn the 6hr chart, on August 5th Bitcoin printed an oversold RSI signal trading at a low of 49,050. Now, on November 10th, Bitcoin is printing an overbought RSI signal trading at a high of 80,130. Bitcoin is up +63% from low to high in the past month. It's also trading at the top of it's 1 month trend channel. For these reasons, the probability of risk : reward are diminished for long and increased for short. At this writing, BTC major resistance round number is 80k and major support is 70k.
BTCUSD: Market Is Looking Up! Buy!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 80,747.54$
Wish you good luck in trading to you all!
BTC to $125kHype is growing. $100k will be the strong level, where a lot of buyers will jump out. And will jump in again above $100k. At that point I will be selling into the the terminal distribution in the wave 5/(5)
Bitcoin (BTCUSD) - There's A Problem...On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum, especially if price closes this way on Sunday.
Relief retracement back down to $65,000, even if it's a manipulated spike down to that region does not seem far fetched.
