Bullrun is coming... At the beginning of the break of the resistance line, Bitcoin Dominance will continue to rise, and after investors are sure of the start of bullrun, money will go to altcoins.
BTCUSD.P trade ideas
BITCOIN Is Very Bearish! Short!
Here is our detailed technical review for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 68,141.23.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,698.66 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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BITCOINSorry. my dear friends i left one more support to mention in my last post,but you should wait to hold above ressistance level.
BTCUSD Analysis Today: Technical, Order Flow and On-Chain !In this video I will be sharing my BTCUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your crypto trading skillset. The video is structured in 4 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software, then I will be moving to the on-chain analysis and lastly I will be putting together these 3 different types of analysis.
BTC GOLDEN CROSS?Nice. Yesterday confirmed a bullish engulfing candle. bouncing beautifully off of support. We are still sideways, but this gives more confidence that there is no real local correction happening here.
We still need to get above $70,000.
For those who trade MA crosses, it looks like a golden cross between the 50 and 200 MAs is inevitable in the coming days.
BITCOIN SHORT FROM RESISTANCE
Hello, Friends!
BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 65,591 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair.
✅LIKE AND COMMENT MY IDEAS✅
Time to decideLast week's forecast worked out great. Now I expect bitcoin may finally come out of the channel. Buy strictly after the exit from the channel.
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Order BlocK
CHOCH
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
October 24 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
There is a Nasdaq index announcement at 9:30 and 11:00.
As I left in the comment on the analysis article on the 23rd a little while ago,
From yesterday's long->short->long switching position,
I moved the purple finger long position to $66,775.
Due to the Bollinger Band 12-hour chart support line touching alone,
(12+ not a daily pattern. The mid-term pattern is broken)
The daily chart MACD dead cross is holding it down.
Because there are many parts that are not good for an immediate upward trend,
There are too many branching points at the current position,
I thought about it a lot.
The result is the same strategy as yesterday.
I deleted all the ambiguous positions in the middle.
*When the blue finger moves
Bidirectional neutral
Short->Long->Short switching strategy
1. 67691.5 dollars short position entry section / Pink resistance line breakout or Top section touch stop loss price
2. 66835.5 dollars long position switching / Purple support line breakout
Or Bottom section touch stop loss price
3. 68498 dollars short position switching / Orange resistance line breakout stop loss price
Or Good section touch stop loss price
(Because there is an ambiguous support resistance price in the middle
The stop loss price goes clearly into two cases.)
If the strategy is ultimately successful,
I will aim for the long position switching position after tomorrow.
And currently, the MACD dead cross imprint on the daily chart is important. 1) Daily chart resistance line touch -> Ignore dead cross
2) Sideways dead cross imprint possibility
3) Downward and adjusted dead cross 100% imprint)
Even if it ends sideways today
If there is a rebound tomorrow, the daily chart MACD dead cross
It seems like it will be harassing until tomorrow
The most important part is
Ignoring the *pattern and Nasdaq's ignorant coupling
Or a normal mid-term pattern recovery (6+12 retouch or 12+ daily chart).
In my experience, since there were many couplings after the unique pattern of the beat was recovered
I think it will shake a lot today and tomorrow
So, each position should cut losses and fasten their seat belts.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you will operate safely with the 6 principles of trading and the cut-off price.
Thank you for participating and reading today.
Bitcoin Is Breaking Out!BTCUSD ratio with CRB Commodity Index shows failed retest of long term macro resistance. Sorry, folks, no breakout here.
BTCUSD - Anything Is Possible Pre-Election20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Your interest motivates me.
How I see it: (2D TF)
Clear breakout is needed either way.
My greenish zone and weekly trend act as current support area.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
BTCUSDIt is Pure Artwork!!!! The market is such a beautiful canvas. Just tracking Price as it continues to do its due diligence. Sell still in full effect!
_SnipeGoat_
_TheeCandleReadingGURU_
#Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #ScalperTrader #DayTrader #SwingTrader #PositionalTrader #MambaMentality #GodMode #HighLevelTrader
Advanced Algorithm with Trend Detector Visit every aspect of the idea. Rocket Blast is using RSI levels.
The plotter detector for BULL RUNS and my algorithm plotter clearly show no sell signal.
My trend detector shows in advance which way the trend is headed. As of now, BITCOIN is in a downtrend, let's see how it unfolds.
Visit my trendlines with circles and key level.
Date range candles show almost the same movement, like halving, which aligns with my plots.
BTCÐ Oct. 25 Options Data63,000 BTC options expired with a Put Call Ratio of 0.66, a Maxpain point of $64,000 and a notional value of $4.26 billion.
403,000 ETH options expired with a Put Call Ratio of 0.97, a Maxpain point of $2,600 and a notional value of $1.02 billion.
Today is the monthly cryptocurrency delivery, with Bitcoin oscillating high and one step away from new highs, while Ether is instead struggling near new lows for the year, with the rate already at a new low since 2021.
This year's October market is less than expected, the next main line of the market is the U.S. election, and now the BTC flat IV on November 8 is stabilized at 55%, which is perfect for building a position against the U.S. election.
BITCOINFirst of all i would like to say you all that don't go on cross point shown support an resistances are also cross points of gann fan that is analysed by different way so,should not be avoided.its my view not suggesion.
A simple guide on liquidity pathIn this picture I have shown how you will find and the place of liquidity from internal to external where you have to look for the reversal after the hunt remember
birds may not HIT every time and fall
it means market can CONTINEW also without reversal
What is liquidityLiquidity is the market's fuel to run the market further market drives from internal liquidity to external liquidity which is also called ERLIRL in short form it's the place where most of the stop loss get hunts and market shift to opposite direction
Elliott Wave View: 5 Swing Sequence in Bitcoin (BTCUSD) Favors HShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests that rally from 8.5.2024 low is in 5 swing. As 5 swing is a motive sequence, this favors further upside in Bitcoin. 1 hour chart below shows the decline to 58,867 ended wave 2. The crypto-currency has extended higher in wave 3 with internal subdivision as a 5 waves impulse Elliott Wave. Up from wave 2, wave (i) ended at 63,455 and pullback in wave (ii) ended at 62,039. The crypto-currency extended higher in wave (iii) towards 67,922 and pullback in wave (iv) ended at 64,802. Final leg wave (v) ended at 69,487 which completed wave ((i)) in higher degree.
Pullback in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 66,559 and wave (b) rally ended at 67,784. Bitcoin then extended lower in wave (c) towards 65,000 which completed wave ((ii)) in higher degree. The crypto-currency has extended higher in wave ((iii)), but it still needs to break above wave ((i)) at 69,487 to rule out a double correction. Near term, as far as pivot at 58,867 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
BTC Bearish TrendAfter a clear CHOCH in the 4hr time frame, the bears have taken over the market. Taking sells to former lows
OBJECTIVE DATA ANALYSIS OF BTC 5D Chart. Starting with the main price chart: there are no supply zones above. There is a bullish order block off the 07 SEP low at 52.7k. Also notice that price have not reached equilibrium yet which is what price always retraces to. That is around 44k which suprisingly (not) is the ETF entry price. Price is also at the top of the long term bearish channel. The price bars look pretty bearish. What will probz happen is break through OB at 53k, reject off bottom of it and go down to equilibrium. From there price will head toward its new ATH as it will finally have enough supply to get there. Cannot rule out the extreme imbalance in the market on the lower levels which can be seen if zoomed out.
Now for the AWPRVC the price cloud is starting to separate after being squeezed and is curling down crossing the short territority. It has already crossed the volume candles, volume candles have rejected off bottom once and is rejecting off it again. There is also bearish divergence in volume bars compared to the main chart price bars meaning price bars likely to go down.
The Hiken Ashi Algo V6 which integrates RSI with price and volume is consolidating and about to switch bearish as well as reject off the 75 percentile and hit back into the 50 percentile line (black) or reject off the volume wave.
IDK how many more bearish signs you need but ya. idc what you do with this info just trying to help some people. whether you think I am right or wrong, all i am doing is analyzing the data in front of me COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSDT
