Get started
BTCUSD Multi Collateral Perpetual Futures ContractBTCUSD Multi Collateral Perpetual Futures ContractBTCUSD Multi Collateral Perpetual Futures Contract

BTCUSD Multi Collateral Perpetual Futures Contract

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

BTCUSD.PM trade ideas

Watching for market reactionMorning everybody, So, recent sell-off on stock market and rally of the US yields have made pressure as on Gold as on BTC but thankfully it was short term. Still, BTC has dropped to the level that we've discussed last time - 67.5-68K. Why is it so special? First is, it stands around the all-time trend line resistance that recently has been broken up. Second is - the K-support level, which makes it rather strong and a great indicator of market's power. From bullish point of view, we do not want BTC to drop back below it, breaking 65K lows down. At the same time, with elections hysteria environment we suggest to not take any position without confirming patterns. So, our trading plan is to wait for market response to this level. Once we get more or less clear patterns, we could act...
COINBASE:BTCUSD
by Sive-Morten
1
Are We Approaching a New All-Time High for Bitcoin...?Bitcoin has been following a specific trendline for almost two months, a pattern that has seen it bounce back from this line four to five times in the past. As it stands, Bitcoin is currently facing strong resistance at its all-time high, which is around 73400 dollars. Meanwhile, the trendline serves as a crucial support level. Investors and enthusiasts are closely watching this situation, as the coming days will be critical. The main question on everyone's mind is whether Bitcoin will manage to its all-time high resistance or if it will break below the trendline support. Keeping an eye on these key levels is essential, as they may present significant trading opportunities. Stay vigilant!
COINBASE:BTCUSD
by Kartik_Elkunchwar
1
Bitcoin on the Edge: Major Move Coming Tomorrow? Nov. 4, 2024BTC/USD 1-hour chart, here’s a breakdown for technical analysis heading into tomorrow’s trading: Trend and Price Action: Bitcoin appears to be in a descending channel, which suggests a bearish trend in the short term. The price has consistently respected the upper and lower trendlines, showing lower highs and lower lows. Support and Resistance: Immediate resistance lies around the top of the channel near $69,000, which Bitcoin recently tested but couldn't break through. Immediate support appears at around $67,459, as indicated by the red line on your chart. Below $67,459, additional support may be seen around $66,344, the recent low on this chart. Moving Averages: Bitcoin’s price is below the moving averages shown, indicating bearish pressure. The moving averages might act as dynamic resistance if the price attempts a breakout. Volume: There has been an increase in volume recently, especially near the support areas. This could indicate potential buying interest, but the volume would need to increase on upward moves to support a breakout from the channel. MACD: The MACD shows a slight bullish crossover, which could signal a potential reversal or bounce in the short term. However, for a sustained uptrend, the MACD line needs to stay above the signal line and show increased positive momentum. Strategy for Tomorrow Bullish Scenario: If Bitcoin can break above the descending channel, especially with strong volume, it could attempt to reach the next resistance around $69,000 or higher. Bearish Scenario: A rejection at the channel’s upper boundary could lead to a retest of the $67,459 support, with the potential to drop to $66,344 if bearish momentum continues. Consider watching for breakouts or breakdowns from the channel, and use support/resistance levels for entry and exit points. Disclaimer: This analysis is for informational purposes only and not financial advice. Conduct your own research and consider your risk tolerance before making any trading decisions.
BITSTAMP:BTCUSD
by BullBear-Insights
1
BTC EXTREEMLY BULLISH ON WEEKLY CHART!!🚨 Warning: For the brave-hearted only! 🚨 BTC is looking extremely bullish on the weekly timeframe! We just saw a hammer candlestick form at the “bottom” of this trend — a textbook bullish reversal signal! 📈 🎯Targets🎯 I have a minimum target of: 35% to 52% upside based on the recent price structure and strength of this hammer. 📊 Invalidation 🔴 Invalidation: If we break below the previous low on this chart, that could spell trouble, but until then — it's game on! 🎯 Disclaimer: 🚨 This is not financial advice — As always, trade responsibly and make sure to double-check which way is “up.” 😂
BITSTAMP:BTCUSD
by RhinoAkaBear