Overall View of 2 DaysBTC Update, USDCHF Update, Nasdaq Update, Gold Update
Please Watch Complete Video, Sorry for Noice due to my MIC.
BTCUSD trade ideas
BITCOINBreakout happend in bitcoin.
Keep your risk and reward ratios according to your own preferance.
This is for educational purpose, do your own research before investing
Is Bitcoin going under next week? Quite possibly, here is why..
Well they threw the bitcoin-bone to us retail traders about 2 weeks ago on a Sunday when everything in Crypto was coming alive and turning green on our screens.
I get no pleasure in saying, as I'm invested in Solana, Doge, Bitcoin and others, that things at least for Bitcoin may not be so wonderful going forwards for a little while next week. Perhaps Crypto in general holds up until Bitcoin gets its' sh*t together.
What bothers me is the Daily chart below for BTCUSD. 3 different settings for MACD on higher timeframes are bearish with crossing DOWN signals on the daily chart which is where the momentum-action will catch up and be next week, bearish, I think.
Bitcoin, I said a couple of days ago was struggling on the Daily chart. Intraday does not look good on Monday, my guess is that it starts to sell off this weekend. Put some stop losses on your stuff if you don't have them, trailing stops.
See the daily chart for the loss in momentum to the upside on so many fronts for Bitcoin.
FinalThe next stage has begun.
No comments. Just silence and patience is all that is needed.
When we finish, there will be comments again.
Don't fight the market!
$BTC God Candle HYPER BULLThe Hyper case for BTC
As the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention.
All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC
130trillion moves into bitcoin.
NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
Bitcoin God Candle as $MSTR consumes $BTCAs the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention.
All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC
$130trillion moves into bitcoin.
NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
Bitcoin Rallies to Key Resistance at $71,500Bitcoin (BTC/USD) Price Report – October 29, 2024
Current Price: 71,368.91 USD
Daily High: 71,500.00 USD
Daily Low: 65,149.51 USD
Volume: 120.82 (moderate activity)
Price Movements
Bitcoin is currently trading near 71,368.91 USD, approaching the daily high of 71,500 USD after a substantial rally. This marks a significant recovery from earlier lows around 65,149.51 USD, reflecting a strong bullish trend over the past few sessions.
Key Levels
Resistance:
71,500 USD: The current daily high and a critical resistance level, marking the highest point in recent trading activity. Bitcoin is testing this area, and breaking through could signify continued upward momentum.
Support:
67,500 USD - 68,500 USD: This zone has shown to be a strong support during previous dips, where buyers re-entered, creating a potential floor if the price retraces.
65,149.51 USD: The daily low and key support level from earlier in the week. This area is essential to monitor if Bitcoin experiences a significant pullback.
Trend Analysis
October 24-25 Decline: The chart shows a notable drop in Bitcoin's price, falling to 65,149.51 USD, its lowest level in the last week. This decline marked a significant retracement before a sharp reversal.
Recovery and Rally: Since the October 24 low, Bitcoin has been on a strong recovery, breaking multiple resistance levels. The price began its steep upward trend around October 28, with clear signs of bullish momentum as it surged past 67,500 USD, eventually reaching today's high at 71,500 USD.
Outlook
Bullish Bias: If Bitcoin can break and sustain above 71,500 USD, the bullish trend may continue, with the potential to target the 72,000 USD and 73,000 USD levels. A break above 72,000 USD could lead to increased buying pressure and drive prices higher in the short term.
Bearish Bias: Failure to break and hold above 71,500 USD could result in a pullback. In this scenario, 68,500 USD could act as the first significant support, followed by 67,500 USD and, in a more substantial correction, the 65,149.51 USD level might be retested.
Conclusion
Bitcoin is displaying strong bullish momentum, currently testing resistance near 71,500 USD. A break above this level could lead to further upside, while failure to break resistance may result in consolidation or a slight correction towards the lower support areas. Traders should watch the 71,500 USD level closely for indications of a breakout or reversal.
Disclaimer: This report is based on current market data and is intended for informational purposes only. Always perform additional analysis or seek expert advice before making trading decisions.
BTCUSD UPDATEAfter my last BTC market analysis and price projection, BTC is moving exactly how i analysed it. Now lets see if it will get to the 100k mark in the coming months
BITCOIN 70K!?? Hi everyone!
I hope the CAPITALCOM:SILVER exit was not too early!
BTC might go beyond 70k this time, i kinda hope as well. Not fully clear right now.
Bitcoin In New Bull MarketBitcoin has FINALLY broken above $70,000, making a higher high for the first time since the all time high in March. This has been the level to watch for months.
Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows.
We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago.
Things are looking great.
The bull is back.
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices.
Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors.
As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election.
Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment.
In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000.
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.
BTCUSDTLast squiggly took the slow road by the looks of things but same result nonetheless
next squiggly im guessing we simply consolidate these levels whilst certain ecos play catchup somewhat noteably eth tbh
That being said i wouldnt rule out some chaos november wick due to mt gox and the us election is usually when the crypto market pumps to distract most of america(usa) just long enough to distribute on them again... so it goes
Bitcoin view BTCAs per the chart analysis BTC could hit 73k in coming days. As it is breaking out of a consolidation channel. Let's see how it goes 🤞
Hope for the best.
Bitcoin two wicks probably will sent to new ATHpersonal idea: Bitcoin daily time frame technical behavior is extremely buliish in my opinion and moving technically and logically towards new ATH. we see two nice wicks against 65500 and based on the fib retracment I think target may be around 80-89k. Good 🙂 luck 👍
Bitcoin Long Term CycleLog Chart on monthly basis
From peak to peak, also from valley to valley, 1400 days cycle is pretty clear.
Bitcoin Seeks Support After Drop: 1H Chart Analysis In this 1-hour Bitcoin chart, we see a downward trend that has pushed the price to the $67,000 range, with potential support around $65,000. The exponential moving averages (EMA) at $68,186 and $67,674 are positioned above the current price, signaling continued selling pressure. However, a short-term rebound may occur, with the price possibly reaching around $66,500 before attempting a stronger recovery.
This is not investment advice, and I could be wrong in my analysis.
BTC - Election period - Break-out time!Hey, folks.
BTC is repeating a fantastic pattern. Just like last election period (2020), so again this election period (2024). Note the chart above...
Leading up to the last election, BTC went through the follow pattern:
left - large dip (blue), then returned to resistance line (yellow)
left - small dip (purple), then returned to resistance line (yellow)
left - break-out near election time.
So too again this election period:
right - large dip (blue), then returned to resistance line (yellow)
right - small dip (purple), then returned to resistance line (yellow)
right - break-out near election time.
The large dips weren't exactly on the 4-year cycle, but close.
However, by the time the election rolled around, the two cycles merge to a similar timeline.
The last break-out in 2020 happened around election time, when BTC completed a small dip and returned to the resistance line.
It looks like BTC is going to do that again this time in 2024, as it has just completed a small dip and returned to the resistence line.
Now... notice how high the last break-out in 2020 ran up to? It jumped from around $ 12K to around $ 64k... a gain of $ 52K, which is a rise of 433%.
If that were to happen again this time, BTC would climb as high as $ 373k. That's 433% higher than the $ 70k it is at now.
Even if it does only half that amount, say just 200% to be conservative... that would put the next BTC spike at around $ 210k.
We're all looking forward to the $ 100k celebration. But I'm thinking we should be looking even higher... at $ 200k during this next spike.
Every 4 years without fail so far. And that golden 4th year is 2025!
BTC ShortRetesting prior ATH, possible up sweep to 72-73K but could possible comeback to 66K. Daily RSI is possibly looking for a retracement along with candle patterns
Bullish continuation for BTCLarge cup and handle pattern might be kicking in. Were seeing a nice break of the downward channel. Market is looking really bullish. If we continue on upward price target for this bull market would be around 120K
#BTC Reversed #HeadAndShouldersThe BTC is forming the reversed Head and Shoulders
There is a possibility of a potential inverse head and shoulders pattern forming in the short-term for Bitcoin.
Bitcoin remains in bullish territory - my next tradesLet’s break down the current cycle indicators and what they mean for BTC:
1. 1-Day Cycle Indicator (Blue Line)
- This tracks Bitcoin’s short-term trend (1 week) and ranges from 20 (oversold) to 80 (overbought). It’s currently at 29, hinting at a potential bullish reversal for the week ahead. This could indicate an upswing in the short term if momentum follows through.
2. 3-Day Cycle Indicator (Violet Line)
- Great at forecasting the trend for the next 12–18 days, especially in a sideways market (like the last 6 months). With the indicator nearing 80, there’s room for some upside in this cycle, suggesting that BTC could see positive movement next week.
3. 1-Week Cycle Indicator (Red Line)
- Provides a broader view, indicating longer-term trend reversals (1–2 months). It’s currently at 93, placing it in overbought territory, which signals a potential for a larger trend reversal as we look further out. This could suggest a corrective phase may be on the horizon.
Summary: While short- and medium-term indicators suggest near-term gains, the high 1-week cycle reading hints that a longer-term pullback could follow soon.
