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BTCUSD trade ideas

Possible short-term BTCUSD HEAD AND SHOULDERS PATTERN formed.Please see attached chart. BTCUSD 1-4hr timeframe. There could well be a possible H & S pattern that takes us from the neckline of around $104k down to the $99-101k buy-in zone. This area also aligns with the 50% fib, charted from the recent swing low of $94,300 to swing ATH of $108,360 Max volume profile area also aligns at $101,000. Longs opened at $103-104k, with further entry long limits set at 99-101k, expecting 107-108k retest for subsequent take profit. Will let anything that breaks 108k run beyond with stops adjusted as necessary. Thanks.
BITSTAMP:BTCUSDLong
by liberty_trader_2024
BTC Head and Sholders Pattern - Looks like a possible top to me.There is a pretty clear head and shoulders pattern forming on the BTC/USD chart. If the $104,000 support line does not hold, I expect it to go much lower. A lot of BTC related stocks and EFT's also look like they have been in a distribution pattern the past weeks as well. Hold on to your horses. Based on history a flash crash in and around the Christmas or New Year holiday is most likely because there will be low volume and less people watching their accounts.
COINBASE:BTCUSDShort
by swineninety9
1
Bitcoin Tests Key Support: Eyes on $103KBitcoin is technically bullish in the 4-Hour chart. However, it gave up bullish move from the last days and is now testing the key support zone near $103,033. 1. A pullback to retest the $103,032 with a dip below it, followed by a strong rebound above this level will push Bitcoin price towards $108,550 (dashed green projection). 2. A decisive move towards $108,550 and breakout with confidence could pave the way for further upward momentum towards $113,692(solid green projection). 3. If Bitcoin fails to hold above $103,032 and breaks below this level without a swift recovery, it could indicate a loss of bullish strength and Bitcoin chart will turn to neutral. This may trigger increased bearish activity, leading to sideways movement or a potential decline toward the $99,108 support level (red projections).
BINANCE:BTCUSD
by Trade-Lean
BTC FANThis analysis utilizes the Fibonacci Fan tool to identify key support and resistance levels based on retracement and projection angles. The fan lines are drawn from a significant high or low point, aligning with major price trends to forecast potential turning points and confirm ongoing trends. By combining Fibonacci ratios with price action and other technical indicators, this approach helps refine entry, exit, and stop-loss strategies for trades. Suitable for both intraday and swing trading setups, the analysis is adaptable to various timeframes and market conditions.
BITSTAMP:BTCUSDLong
by gabe84614
BTC/USD Weekend MovePotential BTC/USD Directional move for the weekend as we head our way out of the premium zone into discount. 4hr chart: Key levels of $69,859 would need to be mitigated to show any further strngth to the upside, however we have already sweept the liquidity resting at the 4hr fair value gap and price action seems to be having a bearing reversal pattern with the 20 ema heading to cross the 50 along with the 50 changing trajectory to face to 100. This move could be to tap into the decisional and extreme order blocks at $68,171 and $67,271 could then allow for a reversal and rightly so placing it conveniently within the discount zone on the PD array, the MACD would be sitting below 0 making it an optimal area for entry on the buy side as long as we get a clean reaction off $66,101, which would sit us perfectly on the 200EMA. Failing that we'll continue to head down to test $63,626 and at that pointthis would be the beggining of a bearish reversal on the 4hr. Certainly on the daily: Which would make sense since we seem to seem to have reached heavy resistance to the upside on the weekly: giving us more confirmations that we are in premium so sells are imminent as a liquidity grabe before heading into a markdown phase or we pull back up to continue the ranging market structure. Happy Trading and a good Sunday too you all.
ICMARKETS:BTCUSDShort
by FXCapitalClub
GOOD BTC ENTRY !! SL 59K TP 72KREASONS WHY !! Market Sentiment and Momentum: Bitcoin soared in 2023, and experts predict further gains in 2024, potentially reaching $80,000. Despite long-term optimism, Bitcoin experienced a recent dip. Technical indicators suggest potential downside, but the market remains in a tug-of-war. If buyers can push past the $44,700 resistance, a jump to $48,000 is in sight. Spot Bitcoin ETF Launch: The launch of a spot Bitcoin ETF in early 2024 is poised to revolutionize the crypto landscape. This move is expected to attract significant capital from both retail and institutional investors, further fueling Bitcoin’s ascent. Bitcoin Halving Event: Scheduled for April or May 2024, the Bitcoin halving event will curtail the yearly supply of new Bitcoin. This reduction in supply could establish conditions where demand potentially outstrips supply, a fundamental factor in the optimistic price forecast. Investor Confidence and Accumulation: Investors are holding on to their BTC with conviction stronger than in 2021. Relative realized profits show that despite a new all-time high, selling has not been as significant as during the previous cycle. Consistent accumulation since February 2024 indicates confidence among investors, expecting further price growth.
BITSTAMP:BTCUSDLong
by NYRUNSGLOBAL
Today's Trading News & Tips for the Week Ahead.Nasdaq Hits Record High: The Nasdaq Composite soared to a fresh record high, driven by gains in Big Tech stocks like Tesla, Google, Amazon, and Apple. The index closed up 1.2%. Tip: Keep an eye on these tech giants as they continue to drive market momentum. Bitcoin Reaches New All-Time High: Bitcoin briefly surged past $107,000, hitting a new all-time high ahead of the Federal Reserve's final policy decision meeting this week. Tip: Consider the potential impact of the Fed's decision on Bitcoin and other cryptocurrencies. Federal Reserve Meeting: Investors are eagerly awaiting the Federal Reserve's final rate policy meeting of the year, with a 25 basis point rate cut widely anticipated. Tip: Stay updated on the Fed's announcements and be prepared for market volatility. European Markets: European shares were mostly in the red as investors braced for a heavy schedule of economic reports and interest rate announcements. Tip: Monitor European market trends and economic indicators for potential trading opportunities. US Market Mixed: Major US indices ended mixed, with the Dow Jones Industrial Average falling 0.2% while the Nasdaq rose 0.1%. Tip: Diversify your portfolio to manage risk and take advantage of different market movements. Global Regulatory Brief: The UK Financial Conduct Authority (FCA) published its final policy statement on the new transparency regime for UK bonds and derivatives markets. The changes aim to ensure better, quicker, and clearer data at a fair price. Tip: Stay informed about regulatory changes that could impact your trading strategies. Copy Trading: Copy trading is gaining popularity as it allows users to replicate the trades of successful investors, providing exposure to various asset classes without needing to do the research themselves. Tip: Explore copy trading platforms to diversify your trading approach. Cocoa Futures: Cocoa futures reached a fresh record in New York as the market battles renewed supply concerns, increasing the chances that high costs will worsen for chocolatiers and consumers. Tip: Consider commodities like cocoa futures for potential trading opportunities. Trump's Crypto Plans: US President-elect Donald Trump has announced plans to create a US strategic Bitcoin reserve, similar to the US Strategic Petroleum Reserve. This move aims to position the US as the global leader in cryptocurrency and could significantly impact Bitcoin's value. Tip: Keep an eye on political developments that could influence cryptocurrency markets. Crypto Policy Blitz: Analysts predict a wave of pro-crypto legislation in 2025, with states potentially opening up to crypto investments for public pension funds and treasuries. Trump's administration is expected to push for deregulation and increased government buy-in to stabilize Bitcoin's price. Tip: Stay informed about legislative changes and their potential impact on the crypto market..
FX:BTCUSD
by OakleyJM