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BTCUSD.P trade ideas

Bitcoin back on the bull marchAfter a long period of consolidation, it appears bitcoin has finally found its footing at 76k. I've continued to be cycle bullish and would now like to see the final leg up of the cycle. Macro appears neutral with no additional rate cuts being forecast in beyond 2 in 2025, I also see no case for a surprise rate cut. We are at favourable risk levels with SMAX in the high 60's which is very high bullish probability for this stage of the cycle. And we are finally in a clear piece of short term bullish momentum.
KRAKEN:BTCUSDLong
by MangosteenBTC
BTC PUSHINGBitcoin is finally waking up. After weeks of choppy action and failed attempts to break out, price has pushed decisively above the $85,000 resistance zone. The bullish divergence on RSI that confirmed earlier this month is doing its job — momentum is building, and buyers are stepping in. We're now flirting with the 200 MA, which previously acted as stiff resistance. A clean break and close above it would open the door to the $91,000 zone — and possibly even higher. RSI is trending upward, showing growing strength, but we’ll need to see follow-through to confirm that this isn’t just another fakeout. Volume remains underwhelming, which is the one red flag here. If this rally is the real deal, we should start seeing more aggressive buying. For now, Bitcoin looks constructive — but as always, this market has a habit of humbling even the most confident traders. Let’s see if the bulls have the strength to keep pushing.
COINBASE:BTCUSDLong
by ScottMelker
Crypto Analysis: BTC/USD – Short Trade Strategy ! Setup Type: Bearish Breakdown – Key Level Failure Trade Plan: Short Position Entry & Exit Plan Entry Zone: ~$88,111 (Breakdown Confirmation) Stop-Loss (SL): $88,639 (Resistance & Invalidation Level) Take-Profit Targets: TP1: $87,502 – Minor Support Zone TP2: $86,515 – Major Support Level Risk-Reward Breakdown Risk: $88,639 – $88,111 = $528 Reward to TP1: $88,111 – $87,502 = $609 → 1:1.15 Reward to TP2: $88,111 – $86,515 = $1,596 → 1:3.02 Strong bearish setup with excellent reward potential, especially at TP2! Technical Breakdown Bearish Breakdown: Price failing to hold above $88,111, signaling weakness. Key Resistance: $88,639 acts as a critical level; a break above invalidates the setup. Support Zones: TP1 ($87,502): First area of interest for profit-taking. TP2 ($86,515): Deeper support for a larger move. Momentum Bias: Bearish if price remains below $88,111 with volume. Execution Strategy Wait for Confirmation: Enter only after a clear breakdown below $88,111 (e.g., a strong bearish candle close with volume). Partial Profit Booking: Book 50% at TP1 ($87,502) to lock in gains. Let the remaining position run toward TP2 ($86,515). Stop-Loss Management: After hitting TP1, move SL to break-even (~$88,111) to eliminate risk. Monitor Market Conditions: Keep an eye on Bitcoin dominance, U.S. market correlation, and any news that could impact price action. Risk Considerations False Breakdowns: If the move below $88,111 lacks volume or momentum, price could reverse back toward resistance. Volatility Risk: Sudden news (e.g., macroeconomic events or crypto-specific updates) could push price above $88,639, triggering the SL. Mitigation: Stick to the plan, avoid chasing, and use proper position sizing (e.g., 1-2% of account per trade). Final Thoughts Solid Bearish Structure: Tight risk with high reward potential (up to 1:3 at TP2). Confirmation is Key: Don’t enter without a clear breakdown signal below $88,111. Discipline Wins: Follow the plan, manage risk, and take profits strategically. Risk Management + Patience = Consistent Profits #Bitcoin #BTCUSD #CryptoTrading #ShortSetup #TradingView
BITSTAMP:BTCUSDShort
by ProfittoPath
Bitcoin, Strategy, and Michael Saylor: A Crypto Comedy Special!Buckle up, folks, because we’re diving headfirst into the rollercoaster world of Bitcoin, corporate shenanigans, and one man’s unrelenting quest to convince everyone—Wall Street, the White House, even your grandma—that digital gold is the future. Yes, we’re talking about Michael Saylor, the captain of the good ship Strategy (formerly MicroStrategy, but we’ll get to that rebrand in a sec), and his high-stakes gamble that’s got everyone clutching their wallets and popcorn 🍿. Let’s go! 🚀 Act 1: Bitcoin Goes Brrr… Until It Doesn’t 📉 Picture this: Bitcoin’s price is tumbling faster than a Jenga tower at a frat party, and the stock market’s throwing a tantrum because someone whispered “recession” in the break room. Meanwhile, Strategy—the artist formerly known as MicroStrategy—is sitting on a mountain of Bitcoin like Smaug hoarding gold in The Hobbit. Except, unlike Smaug, they’ve got bills to pay, and those bills are starting to look a little… chunky. See, Strategy is the biggest corporate holder of Bitcoin, and they’ve been leveraging themselves up to their eyeballs to snatch every BTC they can get their hands on. Convertible bonds, debt financing, equity offerings—they’ve been playing the Wall Street game like it’s Monopoly, except instead of hotels on Park Place, they’re stacking digital coins. It was all fun and games when Bitcoin was mooning 🌕, but now that it’s trading like a NASDAQ stock on a bad hair day, the cracks are showing. Cue the ominous music 🎶. The latest plot twist? Strategy just dropped a batch of High Coupon Preferred Stock last Friday—think of it as a fancy IOU with a 10% coupon (yes, you read that right, ten percent). That’s two whole percentage points juicier than the 8% coupon they peddled a month and a half ago. Desperation much? 🤔 Wall Street’s raising an eyebrow, and the whispers are getting louder: “Liquidity crunch incoming!” If Bitcoin keeps tanking, Strategy might have to start selling off their precious stash to keep the lights on. Untimely selling? In this economy? Oh, honey, pass the tissues 😢. Act 2: From Micro to Macro—Rebranding for the LOLs 😎 Let’s talk about that rebrand for a hot minute. MicroStrategy—a name that once screamed “we make boring software”—is now just Strategy. Bold move, Saylor. It’s like if McDonald’s renamed itself “Food” or if Netflix became “Watch.” Genius or midlife crisis? You decide. Either way, it’s giving off vibes of a company trying to flex its big Bitcoin energy while subtly screaming, “Please don’t look at our balance sheet too closely!” 🙈 And speaking of balance sheets, let’s break down this preferred stock drama. These shiny new shares come with a 10% coupon—already a red flag that says, “We’re paying through the nose to borrow money.” But wait, there’s more! If Strategy misses a dividend payment (which, let’s be real, could happen if Bitcoin keeps sliding), they’ll owe compounded dividends that climb by 2% every quarter until they hit a whopping 18%. Eighteen percent! That’s not a coupon; that’s a loan shark knocking on your door with a baseball bat 🏏. Compare that to the convertible bonds they were slinging last year—interest rates between 0% and 2%. Their interest expense over the last 12 months was a measly $15 million, pocket change for a company with Bitcoin holdings worth north of $10 billion. Now? They’ve jacked up their quarterly nut with $40 million in dividends from the February 8% stock, plus another $60 million from this 10% offering, on top of that $15 million in interest. That’s $115 million they’ve got to cough up every year—or roughly 1% of their Bitcoin stash at current prices. No biggie, right? Unless, of course, Bitcoin drops another 20%, and suddenly they’re selling coins like a yard sale on steroids. Yikes 😬. Act 3: Michael Saylor, Bitcoin’s Loudest Cheerleader 📣 Enter Michael Saylor, the man, the myth, the megaphone. If Bitcoin were a religion, Saylor would be its high priest, preaching the gospel of “digital capital” to anyone who’ll listen—and plenty who won’t. He’s been on a tear, leveraging Strategy to the hilt with the unshakable belief that Bitcoin’s price would keep soaring forever. Spoiler alert: the stock market’s growth scare and recession fears had other plans. Saylor’s latest stunt? Marching to the White House on March 8th with a PowerPoint titled “A Digital Asset Strategy to Dominate the 21st Century Global Economy.” No, this isn’t a Simpsons episode—it’s real life. His pitch? The U.S. government should scoop up 10-20% of all Bitcoin by 2045 (when 99% of it will be mined) through “consistent programmatic daily purchases.” Translation: Uncle Sam should borrow real money—paying interest, mind you—to buy a digital asset nobody uses commercially, all to prop up its price. Brilliant! Why didn’t we think of that? Oh, right, because it’s bonkers 🤪. Saylor’s been shopping this idea around like a door-to-door salesman. He even pitched Microsoft, promising $5 trillion in shareholder value if they’d just hop on the Bitcoin train. Microsoft’s response? “Thanks, but no thanks.” Oof. Shots fired 🔫. Turns out, not everyone’s buying what Saylor’s selling—literally or figuratively. Here’s where it gets juicy. Bitcoin was supposed to be a “peer-to-peer payment system,” per Satoshi Nakamoto’s white paper. A rebel currency to stick it to the banks! But somewhere along the way, it morphed into a Wall Street darling—a speculative asset that trades like a tech stock and has Michael Saylor begging governments to hoard it. From libertarian dream to government-backed portfolio filler? The irony is thicker than a triple-decker burger 🍔. Take El Salvador, Bitcoin’s poster child gone rogue. Four years ago, they made BTC legal tender, and the crypto bros cheered. Fast forward to January 2025, and El Salvador’s like, “Yeah, never mind.” New laws say Bitcoin’s no longer currency (though still legal tender—confusing much?), it’s voluntary to use, and you can’t pay taxes with it. Their state-backed Chivo wallet? A ghost town. A poll showed 88% of Salvadorans haven’t touched it in a year, and Moody’s says the whole experiment cost them $375 million—more than their Bitcoin profits. Whoopsie daisy 🌼. The commercial world’s reaction? A collective shrug. Bitcoin’s “value” is all about price now, not utility. Saylor can pump it all he wants, but if nobody’s using it to buy coffee or pay rent, what’s the point? It’s a financial asset, not money. And that’s fine—stocks and gold don’t buy lattes either—but let’s stop pretending it’s the future of currency, okay? 🙅‍♂️ Act 5: The Leverage Trap—When the Music Stops 🎵 Back to Strategy. With $8 billion in debt due over the next seven years, plus these escalating dividend payments, they’re walking a tightrope with no net. If Bitcoin keeps tanking, they’ll have to sell more coins to cover the tab. And if the market sours on their debt (less appetite to roll it over), they’re in deep doo-doo 💩. The rebrand, the high-coupon stock, the “we’re buying more Bitcoin” flex—it all smells like a company projecting strength while sweating bullets behind the scenes. Saylor’s out here playing 4D chess, but the board’s looking more like a game of Chutes and Ladders. Pump the price, convince the world Bitcoin’s a reserve asset, and pray the recession scare doesn’t tank everything. It’s a high-wire act worthy of a circus 🎪—and we’re all just watching to see if he sticks the landing or faceplants spectacularly. Finale: Bitcoin’s Not Dead, Just… Different 🧟‍♂️ Don’t get me wrong—Bitcoin’s not going anywhere. It’s a solid store of value, a speculative toy for Wall Street, a shiny thing for hodlers to flex on X. But money? Nah. The free market’s been screaming for centuries that it wants flexible, dynamic mediums of exchange—think Eurodollars, not rigid digital gold. Bitcoin took a wrong turn chasing hyperinflation boogeymen instead of building a better payment system. Oops. For Strategy, the stakes are sky-high. They’re all-in on a story that’s fraying at the edges, and if the price falters, the leverage bites back hard. Will Saylor pull it off? Will Bitcoin moon again? Or will this be another bubbly tale of “too much, too fast”? Grab your popcorn, folks—this comedy’s still got a few acts left 🍿🎬. Until next time, keep your wallets close and your sarcasm closer. Peace out! ✌️
BITSTAMP:BTCUSDShort
by RoadToAMillionClub
9
March 19 Bitcoin Bybit chart analysis Hello 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 will be a Nasdaq index announcement (FOMC interest rate announcement) at 3 AM soon. I created today's strategy based on Nasdaq. *When the red finger moves, One-way long position strategy 1. 83,451.4 dollars long position entry point / green support line breakaway stop loss price 2. 85,233.8 dollars long position 1st target and after autonomous short -> Top autonomous long -> Good to up to 94,179.7 dollars long position final target price (You can check the price if you drag the chart.) The purple finger section at the top is the place where you should touch first to have a high chance of success in the strategy. This is a section for autonomous shorts and rising waves, (If it comes down right away, the safe section in the short-term rising trend is number 2) If it breaks the 3rd sky blue support line at the bottom, the rising trend line may break, and since the previous low is broken from the bottom, you should open it up to $79,712.8 by the weekend. (Major rebound section) Please use my analysis articles for reference only, and I hope you operate safely with principle trading and stop loss prices. I will see you next Monday due to personal reasons. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
BTC/USDT: Bullish Momentum Targets Key Psychological LevelOn the 1-hour timeframe, the BTC/USDT market is exhibiting a clear uptrend, marked by higher highs and higher lows. The recent break above a downward trendline led to an extended move upward, bringing the price to a test of last week’s high, where a potential pullback could emerge. Zooming out, the broader structure reveals the formation of an ABC pattern, with the move appearing to target the psychological level of 90,000. It is common for markets to consolidate around significant levels before breaking out, suggesting that price may hover near this area in the short term. Barring any unforeseen market disruptions, the current momentum supports a retest of the area above 90,000, with the next key target at the resistance zone around 89,000
COINBASE:BTCUSDLong
by RTED_Investing
BTCUSD Technical Price Action BreakdownI have Spoken!!!! I AM HIM!!!! Just come Tune In cause that boy just hit yall with a Jaw Dropper! PUT SOME RESPECT ON MY NAME!!!! THE GOATEST! _SnipeGoat_ _TheeCandleReadingGURU_ #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #PreciseLevels #ProperTiming #PerfectDirection #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
BITSTAMP:BTCUSD
by TheeSnipeGoat
BTCUSD.P, Binance FuturesThe BTC price has shown a strong rebound today from the 85,000 USD level and is currently moving around the 87,350 USD zone. Key Levels and Trading Opportunities Support Zones: 85,000 USD: The most recent local low and a zone of buying interest. 76,500 - 75,000 USD: Additional support zone in case of a deeper pullback. 58,800 USD: Long-term support and a significant pivot point. Resistance Levels: 90,000 USD: The first major resistance during the local uptrend. 99,500 USD: Upper channel boundary and previous resistance zone. 109,800 USD: The key level required to maintain the medium-term bullish trend. Short-Term Analysis According to the hourly chart, the BTC price has bounced from the 85,000 USD level, where significant buying pressure was observed. If the 87,000 - 88,000 USD zone is broken, the next target will be 90,000 USD. Sustained buying pressure could push the price towards 99,500 USD. If the price falls back below 85,000 USD, it could trigger another decline. Reaching the 76,500 - 75,000 USD zone may provoke further buying reactions, but a breakdown could also jeopardize this support level. The focus remains on price reactions around 90,000 USD and 99,500 USD resistance zones to assess further movements.
BINANCE:BTCUSD.P
by E-TradePSH
BITCOIN just broke above 4H MA200 for the 1st time in 1.5 month!Bitcoin (BTCUSD) broke today above its 4H MA200 (orange trend-line) for the first time in more than 1.5 month (since February 04). This is on its own a major bullish signal but fortunately for buyers, it is not the only one. Just yesterday, the price also broke above the February 21 Lower Highs trend-line, the first medium-term Resistance of the market that basically started the brutal sell-off of late February and breaking above it technically restores the bullish sentiment back to the market and at the same time formed a 4H MA50/100 Bullish Cross for the first time in more than 2 months (January 18). Obviously the complete confirmation will come if BTC breaks above its Channel Down but given the fact that 2 Resistance levels already broke and that the bottom looks like a W-shaped recovery pattern, we can already set a Target on the 99500 Resistance, which just so happens to be marginally below the 2.0 Fibonacci extension. But what do you think? Is this 4H MA200 break-out the bullish signal the market needed after such a long time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
Bitcoin (BTC/USD) 4H Analysis: Bullish Breakout or Pullback?🔍 Key Observations: 🔹 📈 Trendline Breakout: The descending trendline (white) has been broken, signaling a potential uptrend. 🔹 📍 Support & Resistance Zones: 🟢 Strong Support (~$80,349 - $82,000): 📉 If price drops, this zone could act as a bounce area. 🛑 Stop-loss is placed below. 🟡 Resistance (~$86,000 - $88,000): 🔄 Currently testing this level—either a breakout or a rejection could follow. 🔵 Next Target (~$94,000): 🚀 If Bitcoin pushes above resistance, this could be the next stop. 📊 Possible Price Action Scenarios: ✅ Bullish Path: 🟢 Breaks Above $86,000 → Targets $94,000 🚀 🔄 Small retest of support before continuing up 📈 ❌ Bearish Path: ❌ Rejected at $86,000 → Pullback to $82,000 🔽 📉 If support fails, price may drop further 🎯 Conclusion: 🔥 Bullish Bias: 🟢 A breakout above $86,000 increases the chance of hitting $94,000+. ⚠️ Watch for retests! 🔄 A pullback before an upward move is possible. 🚀 Final Thought: If BTC **
BITSTAMP:BTCUSD
by Jameshead007
‘Cagey’ Rebound on BTC/USD?Since BTC/USD (Bitcoin versus the US dollar) rebounded from the 200-day simple moving average (SMA) earlier this month at US$78,111, speculative bullish interest has been uninspiring. Further Downside As far as I can see, the major crypto pairing demonstrates scope to continue exploring south until it reaches support from US$68,926 on the monthly timeframe (I also noted this in previous analysis), which (somewhat) helps explain why technical demand from the 200-day SMA could be lacking. Another technical observation supporting the lacklustre bullish showing is the Relative Strength Index (RSI), recently exiting overbought territory and fast approaching the neckline of a double-top pattern on the monthly chart, extended from the low of 60.44. A break beyond this line highlights the RSI’s 50.00 centreline threshold as a possible downside target. Adding to this, the RSI on the daily chart may have rebounded from oversold territory (forming a possible double-bottom), but remains south of 50.00 and is shaking hands with resistance around 45.46. Monthly/Daily Support Area Warrants Attention While I am not saying that a move to the upside won’t be seen, the path of least resistance appears to be to the downside, at least targeting space below the 200-day SMA at daily support from US$73,575. So, for me, the playbook here will be watching for possible fading opportunities at the underside of the daily range between US$108,396 and US$91,591 (which happens to converge closely with the 50-day SMA at US$93,608 and trendline resistance, extended from the all-time high of US$109.580). Alternatively, we could see price sell-off at current levels and aim for the noted daily support. It is this level, coupled with monthly support mentioned above at US$68,926, that I expect to see bulls attempt to make a show. Written by FP Markets Market Analyst Aaron Hill
FPMARKETS:BTCUSDShort
by FPMarkets
Bitcoin (BTCUSD) Falling Wedge Breakout – Bullish Setup! 📌 Overview of the Chart Setup This daily Bitcoin (BTC/USD) chart presents a technical breakout from a falling wedge pattern, a well-known bullish reversal signal. The price has been forming lower highs and lower lows over the past months, consolidating within a tightening structure. However, the current price action suggests an early breakout attempt, which could lead to significant upside movement in the coming weeks. Let’s break down the key levels, technical insights, and trading opportunities visible in this chart. 📉 Chart Pattern: Falling Wedge (Bullish Reversal) 🔹 What is a Falling Wedge? A falling wedge is a bullish continuation or reversal pattern characterized by converging downward-sloping trendlines. It typically signals a loss of bearish momentum, leading to a breakout to the upside. 🔹 Key Observations in the Chart The price has been moving inside the falling wedge structure, with clear lower highs and lower lows. The support level around $75,000-$80,000 has been repeatedly tested, forming a strong demand zone. A trendline breakout has occurred, suggesting that bulls are regaining control over the price action. Volume is expected to increase upon a confirmed breakout, reinforcing the bullish momentum. 📊 Important Technical Levels 1️⃣ Support & Resistance Zones 📌 Support Level: The $75,000-$80,000 zone has acted as a strong base, preventing further downside. Buyers have stepped in multiple times here. 📌 Resistance Level: The $95,000-$100,000 range represents a historical resistance where price has struggled to break through. 2️⃣ Trendline Breakout The chart clearly shows a breakout above the falling wedge’s upper boundary, indicating a potential trend reversal from bearish to bullish. If this breakout holds, Bitcoin could see strong buying pressure pushing it toward its next major resistance level. 📈 Trading Strategy & Setup 🔹 Entry Confirmation To enter a long position, traders should wait for: ✅ A daily close above the wedge resistance (confirmed breakout). ✅ A successful retest of the breakout zone, which strengthens the bullish case. A breakout retest is ideal because it provides a lower-risk entry point, ensuring the breakout is legitimate rather than a false move. 🔹 Target Price Projection Using the height of the falling wedge as a projection, the potential price target is set at $118,000. This level aligns with a 35%+ upside from the breakout zone. Bitcoin must clear the $95,000-$100,000 resistance before reaching the final target. 🔹 Stop Loss Placement A stop loss is positioned at $59,896, slightly below the previous major support zone. This ensures that if the breakout fails, losses are minimized while still allowing price fluctuations within expected volatility. 🔹 Risk-to-Reward Ratio Entry around breakout level (~$87,000) Target: $118,000 (35% upside) Stop Loss: $59,896 (~30% downside) Risk-to-reward ratio: ~1:3, making this an attractive trade setup. 📢 Market Psychology & Sentiment Why This Pattern Matters? A falling wedge represents seller exhaustion. Over time, the bearish pressure weakens, leading to a bullish breakout. If Bitcoin can maintain this breakout, momentum traders and institutional investors may step in, accelerating the rally. Breaking above the resistance at $95K-$100K would confirm bullish dominance, potentially leading to new all-time highs. Potential Risks ❌ Fake Breakout: If Bitcoin fails to hold above the wedge resistance, we may see a pullback to support before another breakout attempt. ❌ Macro Factors: External factors like regulatory news, interest rate decisions, and market-wide sentiment could impact price action. ❌ Bitcoin Dominance: If altcoins start rallying, some capital may rotate out of Bitcoin, slowing the upside move. 🚀 Final Thoughts: A High-Probability Bullish Setup ✅ The falling wedge breakout suggests a strong bullish shift, with a 35%+ potential upside. ✅ A confirmed breakout above $95K-$100K will act as a final confirmation before the next leg up. ✅ Risk is managed with a stop loss at $59,896, ensuring downside protection. 🔹 Best trading approach? Wait for confirmation, manage risk, and let the trend develop. Would you like additional insights on entry techniques, volume confirmation, or potential invalidation points? 😊
BITSTAMP:BTCUSDLong
by GoldMasterTrades
Bitcoin (BTC/USD) Analysis – Daily Timeframe Trend Overview Bitcoin (BTC/USD) remains in an uptrend, with price holding above the ascending trendline support. The long-term bullish structure remains intact, characterized by a series of higher highs and higher lows since 2023. Key Support and Resistance Levels Primary Support: $80,000 - $85,000 (Trendline support zone) $75,000 (Psychological and historical support) Primary Resistance: $90,000 - $95,000 (Recent local highs) $100,000 (Major psychological level) Technical Indicators Stochastic RSI is in the overbought zone, suggesting potential short-term consolidation or a pullback before resuming the trend. MACD shows a bullish crossover, indicating positive momentum remains strong. Volume analysis suggests buying pressure is still present but needs to increase to sustain further upside. Market Outlook Bitcoin continues to respect its long-term uptrend. As long as price remains above the trendline, the bullish outlook remains valid. However, a confirmed break below $80,000 could signal a deeper correction. If Bitcoin breaks above $90,000, the next major resistance is around $100,000.
COINBASE:BTCUSD
by mrifkidrn
2
BTC Weekly Update Bullish Momentum Build!!BTC Weekly Update: Bullish Momentum Builds Bitcoin has successfully swept the previous week's low, absorbing selling pressure and establishing a higher low. This price action has ignited a bullish momentum, with BTC now pushing higher towards the week's high liquidity levels. Key Developments: 1. Sweep of Previous Low: Bitcoin's sweep of the previous week's low has demonstrated its ability to absorb selling pressure and reverse the trend. 2. CRT Model Turns Bullish: Our proprietary CRT Model has turned bullish, indicating a high probability of continued upside momentum. 3. Upside Momentum: BTC is now exhibiting a clear upside momentum, with price action and indicators aligning to support further gains. Technical Outlook: 1. Resistance Levels: Bitcoin is approaching key resistance levels, which could provide a temporary obstacle to further gains. 2. Breakout Potential: A successful breakout above these resistance levels could lead to a significant rally, with BTC potentially targeting new highs. 3. Support Levels: In the event of a pullback, key support levels will be closely watched to determine whether the bullish momentum remains intact. Chart Analysis: The charts illustrate Bitcoin's progress towards our upside targets, with the CRT Model and other indicators confirming the bullish outlook. Conclusion: Bitcoin's sweep of the previous week's low and the CRT Model's bullish signal have established a clear upside momentum. While resistance levels may provide temporary obstacles, a successful breakout could lead to a significant rally.
BINANCE:BTCUSDLong
by Peter_Wade
BTCUSD TARGET SUCCESSFUL DONEThe chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, with a bullish breakout and a clear upward movement in price. Here’s a detailed breakdown: Key Observations: 1. Price Action & Bullish Trend: - The price shows strong bullish momentum after breaking out of a descending channel, where it was previously moving in a downward direction. - The chart shows a breakout above the resistance level marked by the upper blue trendline of the descending channel. After this breakout, the price surged sharply, signaling the start of an upward trend. 2. FVG (Fair Value Gap): - The FVG (Fair Value Gap) area is marked around the 84,000 level. This gap represents an imbalance in price action, where there may have been a lack of price discovery. - The FVG can act as a support zone. If the price retraces back toward this level, it may find support and continue the bullish movement toward the target. 3. Target: - The target is set at 86,134, indicating the price goal for the current bullish move. After the breakout above the descending channel, the next resistance zone is at this level, which could be a key point to monitor for possible profit-taking or reversal.- If the price moves towards the target, a breakout beyond this level would signal further upside potential. 4. Volume: - The volume has been increasing during the upward price movement, suggesting that the buying pressure is strong and that the trend may continue if the volume remains elevated. Potential Scenarios: 1. Bullish Continuation: - The price has recently broken out above the resistance trendline, and if it holds above the FVG zone (around 84,000), the bullish momentum could continue. The next key target is 86,134, and if this level is breached, further upside could be expected. 2. Retracement and Buy Opportunity: - If the price retraces back toward the FVG zone at 84,000, traders may consider entering long positions, with a possible target at 86,134. A bounce off this level could provide confirmation that the bullish trend is intact. 3. Breakdown Below Support: - If the price fails to hold above the FVG zone and breaks below 84,000, the bullish thesis may weaken, and the market may consolidate or reverse.
BITSTAMP:BTCUSDLong
by Joan_Pro_Trader