BTCUSD.PM trade ideas
How $BTC will react to 100k?How should BITSTAMP:BTCUSD will behavior approaching 100k which is a natural trench?
BTCUSD squeeze initiatedBTCUSD on short timeframes is entering a squeeze. Add to this a potential elliott wave triangle correction and it should be a recipe for another push to take us beyond 90k. I am skeptical but it's possible.
Two issues though:
1. @0830 inflation figures will be released, we can only hope inflation figures are positive and meet targets otherwise we'll see massive downside pressure which i seldom think can be beaten.
2. three times the market has tried to break 90k - now while i believe it was simply matter of needing to consolidate at a new support, there is always the possibility a bearish turn after a squeeze release.
to conclude - probs gonna make a new push but inflation figures could stop it in it's tracks
$BTC Daily UpdateCRYPTOCAP:BTC #Bitcoin at $88,674 resistance. $86,305 support tested and holding as of now. beautiful view here on 4H and 1D. Given S/R areas looking good, Previous 4H closed with bullish pin signaling possible 3rd attempt on the resistance.
Inverse #Cramer SELL ALL YOUR #Crypto!! :)I still see disbelief at this rally
I'm starting to see anger at having missed the bottom and lower entry points
Some noobs and some crypto OG's are still holding #stablecoins
having locked in their losses.
I see crypto total market cap at over 5 trillion in 2 years
Life changing money is to be had, but the multiples rapidly shrink the higher these prices go,
I believe we pump into May
sell and go away till sept could be an aggressive strategy
Or jus hold for 2 years .. couldn't be easier
#BITCOIN WEEKLY CANDLESTICK's ... LOOK PROMISINGAt least for a relief bounce to horizontal resistance
Taking things step by step
Level by level
Before we can call a reversal of course.
Bullish Divergence on the momentum structure as well
Bitcoin Eliot Wave Cycle - 135k (long)If These count is correct, we are in the wave 3 formation. Using fibo and cycle frequency of price range, this is the possible wave 3 and wave 5 extensions ending on Jul. 2025.
Comments will be welcomed.
#Bitcoin | Inducement Range As We Go Through ElectionsGiven the current uncertainty surrounding the elections, I anticipated a rejection off the open wick at the range's high, which could initiate a consolidation phase characterized by lower-time-frame inducement. This setup aims to engineer additional liquidity around the 73k high.
Analyzing the present market structure reveals two sharp impulsive moves, with price currently ranging above the sell-side liquidity pool. It appears rational to expect a manipulation leg down to the 63k - 64k range before we ultimately clear the highs and enter a phase of price discovery.
As we enter this price discovery phase, I believe it will trigger significant liquidations from short sellers, creating upward momentum that pushes the price even further. Following this expansion, I foresee a final consolidation forming at higher levels. This consolidation may be tight enough to catch traders off guard before the price breaks above the previous high, which I expect will lead us to the fifth wave of the fifth macro wave, effectively topping the current market cycle.
Watch this level.I would be very careful at this level, some said we are in price discovery mode, for me breaking above the trend line and retest it will confirm price discovery mode, otherwise it looks like bouncing back from the trend line. plus we didn't retest 74k most probably before end of this year.
It was a double-top system forcing price down. Bitcoin powers on
It looked a bit gloomy yesterday Tuesday for Bitcoin, but really all that occurred was Bitcoin wound up in a couple of double tops, if you call that price weakness, I don't think so they happen so frequently and there are traders who only trade double-tops, double-bottoms - the tradable patterns they form are called M-Tops and W-Bottoms.
BTCUSD is cruising as not a lot buying but it looks like buyers would move in once it crosses past the Top3 on the 15m.
Here are some pictures:
30m chart below & VWAP bands.
Bitcoin buy 88950Bitcoin breaks above too bolinger on 1hr chart and decline to test it from above.
On small time frame hammer-some buyers
Let see if they can push price to 93-94 levels
Stop out if price manage to close below 87800
BTC - Retracement in full-swing90k is about to get hit. Price must take out liquidity above that region before it falls!
Big Coffee Cup?Not sure about cup and handle stuff and how much it should go up or down. Just had this in my chart and it looks cool :)
BTC LongLooks like a bull flag to me, following the same fractal posted on March 1st. Let's see what Quarter 1 and 2 2025 look like. It could stay locked in the channel a few more months. Especially riding the bottom to the low 50k's.
FVGs holding BTC up indefinitely right now, deviation targets inFor those who don't know, these imbalanced ranged are the keep to a trend.
Many use trend lines to inadvertently ride the effect of FVGs but it's the zone itself that is propelling the trend and the line that is generated as these keep stacking is a byproduct and a secondary technical tool. These zones are where Supply and Demand will be the strongest!
Keep your eye out for how these are being respected or disrespected in this rally to the deviation targets while keeping in ming that every pull is an algorithmically delivered precise measurement to get the right target for the slingshot.
Be safe on this ride 🧠
Expired BTC.USD Weekly outlook. 2nd WK NOV 2024Expired BTC.USD Weekly outlook. 2nd WK NOV 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 76,561
This Week Target Price: 78,039
Strike Price: 89,824 on NOV 11, 2024
Upper Range: 81,996
Lower Range: 74,083
weekly trends line for 2024im working in previous trends line by long time, and the previous line are working like i wait, but, are only limite for trends up or down when the previous line work like resistance and the price when reach any line, or crash or back
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States.
Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant.
Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market.
Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases.
BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment.
In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The Ultimate Pullback - PotentiallyWe all know Bitcoin is going to the moon. And eventually Mars with Elon.
In the meantime though, what we all also really want to happen, is an immaculate pullback to its breakout point. And the most effective trading strategy there is, the pullback to prior highs to confirm support and send it to the moon.
Now, if we actually end up grinding up slowly. That would be 10x better. Imagine Bitcoin moving like the S&P500, just a wee bit faster. Meaning, we get a nice structuring market on the way up, instead of the normal massive doubling/tripling and then a huge pull back later on. If this were the case, it would pave way for a multi year bullmarket.
Time tells the story though. And historically, Bitcoin does retest its prior highs. Though, it tends to be closer to the 2 year mark after the breakout and new All Time highs are made. This would keep it the classy act that it has been. Booming 300%+ and pulling back 80-90% of that move.
Shorts will love it. Longs will Love it. And now with the Corpo's and all their avenues to trade it, Option sellers are really, really going to love that 90% pullback eventually.
