BTCUSD.P trade ideas
short for short time.scalping short for short time for bread short is always difficault and fantastic heroic when against the trend and no confirmation.
BTCUSD Market Structure Analysis on Daily and 4 Hour Time Frames- 4H swing is bearish => Current is pullback.
- Day swing is bullish => Price after breaking through the strong bottom of the daily frame then increased for Stop Hunt signal.
- So the high probability of price increasing again breaking through the top
Bitcoin update. So my first area I amended and I was stopped out but got back in. Price didn’t close out of the area. Then got in and rode the wave back to 77k. Holding til I see any reversal..
BTC/USD NOTE: PLEASE TRADE AT YOUR OWN RISK NO FINANCIAL ADVICE
BTC/USD
FUNDAMENTAL REASON
1-black rock and institutional investors with hedge fund has announced at 9 NOV 2024 holding the virtual currency not mention the assets name.
2-technically created the BOS in daily time frame wait for complete the FVG & ODERBLOCKS etc for pull back to the target
3-weekly price action as like bullish flag so we measure the trend with the lower of flag
4-W pattern occur in D time frame
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin daily chart for November 1, the "Interim Rebound" in Bitcoin has effectively concluded its second stage. This stage occupies the mid-zone of the rally's rebound extension, with the primary target being the Inner Coin Rally mark at 78,500. This movement corresponds with the Outer Coin Rally 81000 and the Main Outer Coin Rally 92000, as projected by TSS in their long-term bullish forecast. However, a potential pullback is anticipated to fulfil the Reignited and Primary rebound criteria.
BTC long for THE LEAPLong btc and eth here, esp eth, at max pain social sentiment, but besides that, I think mean revision is the name of the game in the start of a bull market, with us approaching elections, and with USDT market cap dominance % near last bull run highs, which would be a low level, thus allowing printing pressure to subside, launching btc upwards. I think the lowest we can go here on btc would be 64k/65k and i'd expect a green buy signal to show up if we push that low, if not we move sideways with chop till we can get a volatile move that resets and gives us a buy signal. I'm early cause I don't think it will be easily timed. GOOD LUCK!
Trend Direction and Trading Indicator TutorialThe Tenoris Trend Indicator determines support and resistance using a proprietary method that I've not seen in other indicators.
Over the last 10 days a potential gain of 15% on Bitcoin is shown on the chart.
The key is knowing which Red and Green arrows are most likely to indicate the reversal of the price trend from short to long or long to short (red to green or green to red arrows and boxes).
The arrows are used for trade entries and exits and the boxes in relationship to the price of a closed candle are used to predict price direction.
The time frame of the chart is critical for maximizing the accuracy of the indicator.
In general a 7D candle on crypto and a 30 day candle on stocks and a quarterly candle on indexes like the S&P provides the most accurate trend direction.
On Bitcoin a 4H candle chart can be successfully used to determine entires for short term trades lasting a few days. In extensive back testing and live trading a gain of 10% a month or more is consistently possible.
The key to using the indicator is knowing which arrows are the most indicative of a trend change. When a green candle closes above the red boxes it's likely that price is going to go from trending down to up. When a red candle closes below a green box it's likely that price will trend down.
Compared to moving averages, and other directional trend indicators the Tenoris Trend Indicator is superior in detecting trend changes much earlier than other methods of technical analysis commonly used.
Bitcoin at the level of 77,000 thousand what's nextBitcoin is at the level of $77,000. The nearest support level is at $75,600. If it breaks through, the nearest level is around $ 72700. If the consolidation is above $ 77,000, it is possible to go to the level of $ 80,000. I expect a correction in the range of $70,000 in the coming week.
BTC spot ideaI expect the BTC will correct from this area to 73400$ level before make new ATH at 79600$ level then we need to retest 69000$ level before continue with uptrend
the ATH maybe in meddle of this month
don't forget your stop loss
good luck
BTC Breakout! Next Target $81500Bitcoin is in price discovery again
1. Resistance Breakout: After months of consolidation, BTC has surged past the previous ATH resistance, indicating strong buyer interest. This breakout shows potential for a sustained rally.
2. Fibonacci Extension Levels: Using the Fibonacci extension from recent lows, the next major resistance aligns near $81,500. This target matches up with historical support and resistance flips, where price action has shown sensitivity.
3. Volume Confirmation: We’re seeing an uptick in buying volume, which supports the breakout. A consistent volume surge often confirms trend continuation.
4. RSI Momentum: On the daily and weekly charts, RSI remains in bullish territory but hasn’t reached overbought conditions yet, leaving room for further upside.
5. Macro Sentiment: With institutional interest and macroeconomic conditions favoring Bitcoin, sentiment continues to support BTC’s rally.
Cautionary Note: Always monitor for potential pullbacks to support zones. Keep an eye on $75,000 as a potential retracement level before the next leg up.
Do your own research! This is not financial advice. 🛠️ Let’s keep an eye on the price action and see if BTC can reach that next target!
Bitcoin. BullishTo $76’000 then to $77’000. At 77 price needs to react positively. If not price will find support at $74’500 (possibly lowered but need a reaction)
Monthly chart bullflag has a breakout target around 115kIhave arbitrarily placed the measured move line for the bullflag breakout in the month of October but there’s always a chance it stays in the flag longer than that, in which case the measured move line would get moved over to the right and slightly lower each time it does. If it breaks up by october and validates that breakout the measured move target will be around 115k. *not financial advice*
Trading Analysis of BitcoinTrading Strategy
Long Setup:
Enter on a confirmed breakout above $77,000 with high volume. Place a stop-loss below $74,500.
Target levels: $80,000 and $82,000.
Short Setup:
If rejection occurs near $77,000, consider shorting with a stop-loss above the resistance. Targets could be $74,500 and $72,000.
Scalping Opportunity:
Look for quick scalps within the channel bounds, buying near support levels and selling near resistance.
Bitcoin Where Next?As of November 8, 2024 , Bitcoin (BTC) is trading at $74,120.87 , reflecting a 24-hour trading volume of $105.81 billion.
Our proprietary W.ARITAs algorithm has identified a pattern in Bitcoin's price movements that closely mirrors historical trends observed between April 8, 2020 , and January 7, 2021 . This historical pattern began with a significant price surge in April 2020 , following the announcement of the third Bitcoin halving event, which reduced the mining reward and increased scarcity. This event was a catalyst for a bullish trend that culminated in an all-time high (ATH) in January 2021 .
Similarly, on March 9, 2024 , Bitcoin experienced a notable price increase, coinciding with the anticipation of the fourth halving event scheduled for April 19, 2024 . Historically, halving events have led to substantial price appreciations due to the reduced supply of new Bitcoins entering the market.
Our analysis indicates that the current pattern, which commenced on March 9, 2024 , is expected to complete its formation by December 12, 2024 . Based on this pattern and historical precedents, we anticipate that Bitcoin will surpass its previous ATH resistance level of by the end of this year.
It's important to note that after reaching the ATH in January 2021 , Bitcoin experienced a significant price correction. This downturn was influenced by various factors, including profit-taking by investors and regulatory concerns.
In conclusion, while historical patterns and upcoming events like the halving suggest a bullish outlook for Bitcoin, investors should remain vigilant and consider potential market corrections. Continuous monitoring of market developments and regulatory news is essential for informed decision-making.
Disclaimer: This analysis is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risk, and past performance is not indicative of future results. Please consult with a financial advisor to assess your individual risk tolerance and objectives before making any investment decisions.
BTC LONGBTC is long as it has printed a cup and handel pattren, which shows a strong bullish momentum on its breakout from the neckline. so we will place buy stop or wait for the price to come around 76000 and then we buy it without leverage for the mentioned target of 126000. this trade can take upto 1 and half year to complete , but a trader enjoys the journey that his marked chart will covers...
Is It Too Late to Invest in Bitcoin? A Comprehensive Analysis
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, reaching a new all-time high of nearly $77,000. This latest surge has ignited a wave of excitement and speculation within the crypto community. While some analysts warn of potential risks, others remain bullish on Bitcoin's long-term prospects.
A Bullish Outlook
It is believed that the recent price surge is driven by a combination of factors, including increasing institutional adoption, growing global interest, and the potential for further price appreciation.
The Role of Institutional Investors
One of the key drivers behind Bitcoin's bull run is the growing interest from institutional investors. Traditional financial institutions, such as hedge funds, pension funds, and corporations, are increasingly allocating a portion of their portfolios to cryptocurrencies. This institutional adoption has brought significant capital inflows to the crypto market, fueling price increases.
Technical Analysis: A Bullish Perspective
Technical analysts have identified several bullish indicators that suggest Bitcoin may continue its upward trajectory. The recent breakout above key resistance levels and the formation of a bullish flag pattern are positive signs for the cryptocurrency. However, it is important to note that technical analysis is not foolproof, and market conditions can change rapidly.
Potential Risks and Challenges
While the current market sentiment is overwhelmingly bullish, it is essential to acknowledge the potential risks and challenges facing Bitcoin. One of the primary concerns is the potential for a market correction, which could lead to significant price declines. Additionally, increased regulatory scrutiny and geopolitical tensions could also impact the cryptocurrency market.
The Future of Bitcoin
As Bitcoin continues to break new records, the future of the cryptocurrency remains uncertain. However, the long-term potential of Bitcoin as a store of value and a medium of exchange is undeniable. As the global financial landscape evolves, Bitcoin's role as a digital asset could become increasingly significant.
Conclusion
Bitcoin's recent price surge has captured the attention of investors and traders worldwide. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As institutional adoption continues to grow and technological advancements drive innovation, Bitcoin's potential for further appreciation is significant. However, investors should approach the market with caution and be prepared for potential volatility.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
SOLD MY BTC FOR A LAMBOPrice is rejecting an area of resistance while LHs are being maintained. Price is also showing buyers exhaustion, the downside potential is to 75k-74.5k
BTC reclaimed key swing high and with that 90k is likely next- past analyses of expecting Bitcoin downside likely wrong as the 65k area was the key level to reclaim
- overall descending broadening structure seems ready for a break
- hash ribbon buy signal adding additional confluence
Bitcoin Events and the PI Cycle Top Indicator
### Chart Description :
* Title :* Bitcoin Weekly Cycle Analysis with Key Indicators and Events
* Time Frame :* Weekly
* Indicators :*
- * Pi Cycle Top Indicato r:*
- This indicator uses two moving averages:
- 111-day Moving Average (111DMA)
- 350-day Moving Average multiplied by two (350DMA x 2)
- *Functionality:* When the 111DMA crosses above the 350DMA x 2, it historically signals that Bitcoin might be reaching a peak in its market cycle. This indicator has been noted for its accuracy in predicting Bitcoin's market tops to within days.
* Event Markers :*
- * U.S. Election Dates :*
- Marked on the chart are vertical lines at the points where U.S. presidential elections occurred. This helps in analyze how political events influence Bitcoin's price movements.
- * Bitcoin Halving Dates :*
- Highlighted with vertical lines. Bitcoin halvings occur approximately every four years, reducing the reward for mining new blocks by half, which typically impacts Bitcoin's supply and often leads to price appreciation due to increased scarcity.
* Cycle All Time Highs :*
- Place markers on the chart where Bitcoin has reached its all-time highs in each cycle. This can provide context on how close the peaks are to halvings or elections, potentially illustrating patterns or correlations.
* Price Prediction *
$148 in Q3 2025
