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BTCUSD trade ideas

Trading is a scam !?When someone says trading is a scam, what they’re often admitting is: “I tried trading, lost money, and gave up.” The truth is, trading isn’t a scam. It’s a skill—and like any skill, it takes dedication to master. Success in trading demands: 📈 Deep market knowledge to understand trends and strategies. 🧠 Iron-clad psychology to handle losses and control emotions. ⏳ Endless patience to wait for the right opportunities. ⚖️ Proper risk management to protect your capital. The question is: Are you willing to put in the work?
BINANCE:BTCUSDEducation
by AlphaBull-Trading
BTC top at 105 to 108k?I'm always looking for signs of a change in trend direction. A good indicator has always been; 1. A series of higher highs in the price-action, with 2. A corresponding series of lower highs on the RSI (for major trend changes or corrections I use the daily time-frame), 3. Ideally, three lower highs on RSI (sometimes you only get two), with the final RSI high FAILING to get above the 70 level of RSI (red circle). To me this signals - at a minimum - a correction is inbound. So, I would look for other indicators to determine if I think if it is a correction or a trend-change i.e. bear market. There is a plausible Elliot Wave count. Without getting too technical, I see the 105 to 108k as the end of the trend. Could be wrong, could be right. If I am right I should get a medal for accuracy. Happy trading.
BINANCE:BTCUSD
by flyinkiwi10
2
Markets top on euphoric news.Did Donald Trump ringing the opening bell at the New York Stock exchange today, Signal a dip before a rip? Isn’t it strange that he spoke with Jim Kramer? What are the market makers really up to? Big money, always leaves, clues or crumbs. A real technical analyst always attempts to follow the money and what clues they’re leaving behind and to where they are placing their bets. Is market manipulation real? How much influence do these people really have to fade the market in an ability to buy at lower prices and shake everyone out? How many people fall for it? There’s still remains many questions as to where the big money has to invest. Mini mutual funds and or investors have a fiduciary responsibility to invest capital for their shareholders and what not. I’ve read the book one up on Wall Street and I’ve come to the conclusion that you as a retail investor can place yourself in a favorable position to capture some of the gains or leftovers of the big players.
BITSTAMP:BTCUSDLong
by ParabolicP
Are we in for a 27% Correction?Recognition of Previous Mistake (Rising Wedge vs. Ascending Channel) Recent price action has revealed a shift in the structure. In my previous technical analysis I identified as a rising wedge. Upon breaking out of the rising wedge and further review, it now appears that Bitcoin is trading within an ascending channel. This structural adjustment suggests that while the market remains in a bullish trajectory overall, there are signs of weakening momentum, warranting a bearish outlook in the near future. **Read In full to get historical validations to validate my theory** Key Factors Supporting a Bearish Bias Bearish Divergence on Weekly Time Frame On the higher time frame, bearish divergence is evident, as price continues to make higher highs while key momentum indicators, such as the RSI, make lower highs. This divergence suggests that the current uptrend is losing strength, increasing the likelihood of a reversal. Bearish Divergence on Daily Time Frame A similar pattern is observed on the daily time frame, providing further evidence of weakening momentum. Combining divergences on both time frames strengthens the bearish case, as it highlights misalignment between price action and underlying market strength. Loss of Momentum Within an Ascending Channel Price is currently constrained within an ascending channel. While this structure supports the continuation of the uptrend in the short term, it often signals a gradual loss of momentum, especially when combined with other bearish signals. Breakout scenarios typically favor the downside in such cases, aligning with the broader bearish outlook. Stochastic RSI Analysis Weekly Time Frame: The stochastic RSI is in the overbought region, and a bearish crossover (K-line crossing below the D-line) has occurred. This signal further strengthens the probability of a reversal or significant correction from current levels. Overbought conditions on higher time frames are particularly significant as they indicate market exhaustion. Daily Time Frame: The stochastic RSI has not yet reached overbought levels, suggesting that the price has some room to move higher in the short term before a bearish reversal materializes. This indicates that patience is warranted before entering a short trade. Historical Validation Historical analysis of similar scenarios (March and July) reinforces the reliability of the current bearish setup: In both instances, price was constrained within an ascending channel. Bearish divergences were present on both weekly and daily time frames. The stochastic RSI aligned with bearish crossovers on the weekly and daily charts, signaling strong entry points for downside trades. Current Market Outlook Based on the above analysis, the bearish bias is supported by the following: Loss of momentum within the ascending channel. Bearish divergence on both weekly and daily time frames. Overbought stochastic RSI on the weekly chart, with a pending overbought signal on the daily. While the bearish setup appears robust, caution is advised as the daily stochastic RSI suggests that Bitcoin could see additional upside in the short term before the anticipated correction takes place. My Trading Plan Wait for Confirmation: Monitor the daily stochastic RSI and wait for it to reach the overbought region, followed by a bearish crossover (K-line crossing below the D-line). This will serve as an ideal signal to enter a short trade. Key Levels to Watch: Channel Resistance: Watch for price rejection near the upper boundary of the ascending channel, which would reinforce bearish momentum. Channel Support: A confirmed breakdown below the lower boundary of the ascending channel would act as a trigger for a bearish continuation.
BINANCE:BTCUSDShort
by heywippa
2024-12-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. comment: Clear channel upwards and we will likely hit 110k over the next days. The channel is wide enough to trade in both directions. Once market breaks below the closes bull trend line and the 4h 20ema, a short is the much bitter trade from a r:r perspective. current market cycle: Still a bull trend as long as above 94000. key levels: 94000 - 110.000 bull case: Bulls got another strong move up that began last Tuesday. It’s pointing to my measured move target 110k and I highly doubt bulls can get it much above that. But I also have a tendency to underestimate these bubbles. We can clearly see two legs up already and a third could get us there. Invalidation is below 94000. bear case: Bears see the broad bull channel and selling new highs was profitable over the past 4 weeks. They see the next bull wedge which can break down over the next 2-3 days and they hope for another deep pullback to 98k or lower. Invalidation is above 110.000. short term: Bulls are in control but I have no interest in buying this. Once the bull wedge breaks down and we trade below the 4h 20ema, I will think about shorts for 98k-100k. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend. current swing trade : Nope trade of the day: Shorting above 101k continues to be profitable.
CRYPTO:BTCUSD
by priceactiontds
1
New update Bitcoin Bitcoin hit a record high of $106,533, fueled by speculation about a U.S. bitcoin reserve. It has surged over 50% since November 5, with a market cap surpassing $3.8 trillion and a 136% rise in 2024. Bitcoin reached a record high above $107,000. MicroStrategy purchased 15,350 BTC, now holding 439,000 BTC valued over $46 billion. Riot acquired 667 BTC, raising its total to 17,149 BTC. Bitcoin reached $106,500, now at $104,500, with a market cap of $2.07 trillion, accounting for 54% of the market. Analysts aim for $130,000, highlighting the need for support above $100,000
BITSTAMP:BTCUSD
by Chartino
1
Bitcoin Hits New All-Time High of $107k — Is $150K Next? Bitcoin ( CRYPTOCAP:BTC ) has once again shattered expectations, climbing to a record-breaking $107,000. This milestone follows a 3.68% surge over the weekend, with bullish sentiment fueled by a surprising announcement from President-elect Donald Trump. Bitcoin Price Today Bitcoin’s recent rally can be attributed to President-elect Donald Trump’s pledge to establish the U.S. as the global center for Bitcoin and cryptocurrency innovation. During a CNBC interview on Sunday, Trump unveiled plans for a U.S. Bitcoin reserve, emphasizing the need for the country to lead in digital assets. This announcement sparked a surge in buying activity, propelling Bitcoin to its new all-time high of $106,727. The market’s reaction underscores the growing influence of policy decisions on crypto prices. Trump’s pro-Bitcoin stance has injected optimism into the market, with investors viewing it as a step toward broader institutional adoption and regulatory clarity. Technical Analysis From a technical perspective, Bitcoin is currently trading at $106,893, slightly off its daily high of $107,080. The recent breakout above the psychological $100,000 level signals strong bullish momentum. Key technical indicators suggest further upside potential: 1. Relative Strength Index (RSI): While the RSI stands at 71, indicating overbought conditions, historical patterns show that Bitcoin can remain overbought during strong uptrends. 2. Support Levels: In the event of a local correction, support ranges are identified at $97,500–$99,500 and $94,100. These levels could provide buying opportunities for traders looking to enter the market. 3. Resistance Levels: Bitcoin faces minimal resistance in uncharted territory. The next significant psychological level is $110,000, followed by the ambitious $150,000 target predicted by analysts. Market Dynamics Bitcoin’s 24-hour trading volume stands at $110.4 billion, with Binance leading the charge. The exchange’s perpetual and spot trading volumes contribute significantly to Bitcoin’s liquidity. This robust trading activity underscores the market’s resilience and readiness to absorb high volumes. Outlook: Can Bitcoin Reach $150,000? The path to $150,000 hinges on several factors: 1. Macroeconomic Environment: Continued pro-crypto policies from global leaders could drive institutional inflows and bolster market confidence. 2. Technical Breakouts: A sustained move above $110,000 would validate the bullish continuation pattern and set the stage for a run toward $150,000. 3. Market Sentiment: Despite overbought conditions, Bitcoin’s historical performance during Q4 and Q1 suggests strong potential for further gains. However, traders should remain cautious. The RSI’s overbought reading and the potential for profit-taking at key levels could trigger short-term corrections. Risk management is crucial, as the market navigates these uncharted waters. Conclusion Bitcoin’s new all-time high of $107,000 marks a significant milestone, driven by both fundamental and technical factors. President-elect Trump’s pro-Bitcoin stance has ignited fresh optimism, while technical indicators and on-chain metrics point to continued bullish momentum. With $150,000 as the next ambitious target, the crypto market is buzzing with excitement. Will Bitcoin continue its ascent, or will a correction provide a breather before the next leg up? Only time will tell, but for now, the flagship cryptocurrency is firmly in the spotlight.
BINANCE:BTCUSDLong
by DEXWireNews
BTC/USD Bull Run Continuation My analysis is pretty simple. Using moving averages, volatility, and momentum indicators, I predict a sizeable move to the upside on a daily time frame. price action has consolidated around the yellow 21 EMA and is now officially bouncing off of the 5 EMA. The last time this happened was last month in the beginning of November after we broke the all time highs within the 70K range. Momentum itself has also shifted to the upside along with volatility rising. That's pretty much it. Have a great holiday season everyone.
COINBASE:BTCUSDLong
by kuzonthereaper
1
Softbank $100B AI Investment Promise Heard Worldwide COINBASE:BTCUSD is going bananas today, shortly after Softbank CEO announced $100B AI investment in the United States on stage with American President. The howling wolf chart pattern shows the excitement exploding as confidence in American economy future success is skyrocketing worldwide. Good things in store for BINANCE:BTCUSDT beautiful oasis in the world. Have a great day trading the pump. Remember Habibi, the desert tests your will, not your strength. www.livemint.com www.youtube.com
COINBASE:BTCUSDLong
by LawrenceOfCoinrabia
1
Questions Halving Promotors Never Want to Answer Many people here are eager to explain the bets people should make based on the halving but they're never willing to answer the obvious questions about the hypothesis. Here's a collection of questions I must have asked here 100 times in replies to my posts that I've still not gotten an answer to: Why the indices correlation? When you run an analysis on SPX price moves and BTC price moves post halving, they have a coefficient of 0.85. This means all the statistical evidence points towards BTC moving in tandem with risk on/off cycles in equities. ----- Why do people ignore this correlation when it is as reliable (or more) than the halving? Why does the exact same moves in indices and BTC get treated totally differently? When has the halving thesis ever deviated from simple SPX correlation? If there are no deviations, why isn't it best to assume it's related to SPX tracking? ----- Why would the entire market know an event to move price higher was coming and then wait an exact number of days to take action on that? If you've been in the market any length of time you'll have surely heard the saying "Buy the rumour, sell the news". You may have also heard, "Markets prefer to travel than suddenly arrive". This has been a guiding principle of all markets for all time. Why is the halving a "Sell the known coming event, then ignore the news for x days and then buy the event after the fact? ----- Given all halving dates are already known, why isn't this priced in now? Why in the biggest FOMO market there is would there be this organised "Waiting period"? Why has game theory and market dynamics not led to front running? How do these supply/demand dynamics reflect anything about S/D known in markets? ----- What are the failure conditions of the halving bet? I have some of the dumbest convos on this. People insist I MUST BE LONG NOW to not miss out on the halving and then when I ask them what level price can not go under inside of the halving theory ... it gets real fuzzy. And when you dig into it, the answer generally ends up being "Up to 70% drawdown".... Okay - so trying a short here is fine inside of that, right? ----- Why are people making all knowing statements about exactly what should happen and unable to give the most basic risk control? What happens to people who listen to you if you're wrong? Do you have plans to let them know if the theory fails? If not, why are you not telling them the risk if wrong is 70% (Inside of accepted risk). And I suppose the idea is to just entirely ignore the limitless risk if the whole thesis is wrong? ----- When has the BTC halving idea ever overcome a SPX drop? I've been told various times in 2020 there was a deviation from the halving cycle because there was a swan event. Fair enough ... but then this means that the halving forecast will only be right if nothing broadly bearish happens, right? In any instances where we've had halving theory vrs indices bear move - following the indices has won. ----- Why is this not considered evidence against the thesis and for the correlation? Why are you not caveating your forecasts with this known risk? Is it far to say the BTC cycles thesis can easily fail if there's outside events? ----- These things simply do not make sense. They're elephants in the room. People act like the cycles thing is some sort of esoteric knowledge that only a select few know. That's nonsense. I have a kid cousin who can't tie his shoelaces yet but can tell you what the halving forecast is. He does not really understand everything he's saying. He's just repeating things he's heard ... but, that's kinda true for most of you to be honest. Because it takes about 5 mins to understand the halving thesis. Takes about another 1 min to come up with the obvious tests and objections and then maybe takes 10 mins to test those and highlight the flaws. There are some people who've spent literally hours and hours on my posts berating me about why I should be blindly following the halving and in all of this time they've not answered the questions I think should be thought of in the first minute. And I do ask them. Directly and repeatedly. They change the topic or go quiet. To be honest, most of the time they start to drop insults. It's wild, when you think about it. "I am heralding in the future of finance and here to tell you about this halving cycle which I know everything about and expect to be infallible". "Okay. Could you answer a few questions I have about this?" "LMAO. Have fun staying poor". === Think about how disconnected the way BTC bulls act is relative to what they proport to be a part of. Why are you not eager to answer these common sense questions?
BITSTAMP:BTCUSDShort
by holeyprofit
3
BTC/USD Performance Review: December 16, 2024.BTC/USD Performance Review: December 16, 2024 Market Overview Bitcoin (BTC) has had a dynamic day, reaching a new all-time high of $106,648 in the early Asian session. However, it has since corrected to around $104,773. The main driver behind today's price action is the anticipation of the US Federal Reserve's decision on interest rates, expected on Wednesday. Key Events and Influences New All-Time High: BTC reached a new all-time high of $106,648 early today. This surge was driven by strong institutional demand and positive market sentiment. Federal Reserve Anticipation: The market is closely watching the Federal Reserve's upcoming decision on interest rates. A potential rate cut is seen as positive for risk assets like Bitcoin. Institutional Inflows: Bitcoin Spot ETFs recorded a net inflow of $2.17 billion last week, indicating strong institutional interest. Technical Indicators: Early signs of bearish divergence in the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest weakening bullish momentum. Price Movements Opening Price: BTC started the day at $105,000. High: Reached a high of $106,648 early in the Asian session. Low: Corrected to a low of $104,773 later in the day. Current Price: Trading around $104,773 at the time of writing. Technical Analysis Moving Averages: BTC is trading above its 50-day EMA but below its 200-day EMA, suggesting a potential bullish trend if it can reclaim the 200-day EMA. RSI: Currently at 68, approaching overbought territory. A break above 70 would typically generate a sell signal. MACD: The MACD line recently crossed above the signal line, indicating bullish momentum. Bollinger Bands: The price touched the lower Bollinger Band and is now moving upwards, indicating a possible reversal. Volume: OBV is rising, suggesting strong buying interest. Market Sentiment Fear and Greed Index: Currently reads 83, indicating "extreme greed" among traders. Analyst Predictions: Analysts remain bullish on BTC, with some setting a target of $110,000. Conclusion Bitcoin has had a volatile day, reaching a new all-time high before correcting slightly. The market is closely watching the Federal Reserve's upcoming decision on interest rates, which could significantly impact BTC's price. Despite the correction, the overall sentiment remains bullish, supported by strong institutional inflows and positive technical indicators..
FX:BTCUSDLong
by OakleyJM
BTC's Comeback: Double-Top Pattern Signals Big Moves AheadThe grammar is clear and the structure is solid. Here’s a slightly refined version for flow and readability: Crypto traders have plenty of reasons to be excited. The next few days could bring significant movements in BTC. A majority of the losses from the December 5 crash, which followed the previous all-time high, have already been recovered. Furthermore, the price has formed a double-top pattern, aligning with the highs of December 6 and December 11. Ideally, the price might dip towards 97,785 before pushing upward or consolidate sideways for a day or two before breaking out to the upside. Traders may attempt to go long regardless, given the current double-top pattern. However, it’s preferable to see a third top form just below 102,150, transforming the pattern into an ascending triangle—a more powerful bullish signal. Breaching the December 11 high could indicate a potential rally toward 110,500. This move could also significantly uplift altcoins, many of which have recently suffered steep 30% declines. What’s your take? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSDLong
by ThinkMarkets