BTCUSD trade ideas
BTCUSD sideways consolidation Recent price action in Bitcoin (BTCUSD) suggests an oversold bounce, with resistance capping gains at the 88,000 level. The continuation of selling pressure could extend the downside move, with key support levels at 79,000, followed by 76,278 and 74,222.
Alternatively, a confirmed breakout above 91,900, accompanied by a daily close higher, would invalidate the bearish outlook. In this scenario, Bitcoin could target 95,126, with further resistance at 96,415.
Conclusion:
The price remains below pivotal level, with 88,000 acting as a key resistance. Failure to break above this level could reinforce downside risks, while a breakout could shift momentum back in favor of bulls. Traders should watch for confirmation signals before positioning for the next move.
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BTC - short if the accelerated trendline breaks and confirms. This has been a very screwy time in markets, lol.
I was stopped out of my first BTC short after at least some profits were taken.
I still think that we are going to face a correction before heading higher, granted that we haven't seen the top of this cycle.
If this accelerated trendline breaks and confirms, enter a short position. That is the safest entry for now at least.
I would target the big picture trendline, which will probably be close to the .50 fib on this particular break-out structure. So, close to 76K.
We may even get a scare-tactic wick down to 68K-70K. That coincides with this structure's .618 pocket.
Anyway, that's it for now for me.
Thank you!
BTC still bullish to 90k-100k?BTC: My views have not changed and I am still extremely bullish to 90k-100k
On the monthly chart, we have been consolidating for months on declining volume. It looks like a symmetrical triangle getting read for 90k-100k This pattern looks very good and falls within our break out time frame range in the coming weeks/months
All we've been doing is grinding side ways squeezing out weak hands. Making people bored. Make people lose interest. The breakout is coming. THe most recent candle being bought up looks good as well.
With the political situation in the USA, it may very well be the case Trump gets re-elected. If so, it's important to note he's becoming very pro crypto, his VP is very pro-crypto, and he tapped Jamie Dimon(Unconfirmed if he said yes) for his cabinet which is extremely pro-Crypto. It all seems to be lining up for a nice bull market
Mastering RSI Divergence: A Complete Guide to Trend ReversalsWhat Are Divergences?
In this guide, we will explore the concept of divergence and how it can be effectively utilized alongside the Relative Strength Index (RSI), one of the most popular momentum indicators in technical analysis. Divergence occurs when the price of an asset moves in the opposite direction of an indicator, such as the RSI. Understanding RSI divergence can be a powerful tool for identifying potential trend reversals or continuations. In this guide, we'll delve into the various types of divergence that can occur with the RSI and how to incorporate them into your trading strategy.
Types of Divergences?
There are three primary types of divergence: bullish, bearish, and hidden divergence. Each signals a distinct market condition and potential outcome, and understanding these nuances is key to using divergence effectively in your trading.
1. Bullish Divergence Bullish divergence happens when the price of an asset makes a lower low, while the RSI forms a higher low. This indicates that although the price is declining, momentum is weakening. The failure of the RSI to confirm the new low in price suggests that selling pressure is diminishing, potentially signaling that a reversal to the upside could occur. Essentially, the market is losing its downward momentum, setting the stage for a potential bullish move.
2. Bearish Divergence Bearish divergence occurs when the price forms a higher high, but the RSI forms a lower high. This indicates that although the price is rising, momentum is weakening. It suggests that the uptrend may be losing steam, signaling that a potential reversal to the downside could be on the horizon. As the price continues higher, but the RSI fails to confirm the new highs, it may indicate that the market is becoming overextended and ready for a correction.
3. Hidden Divergence Hidden divergence differs from regular divergence in that it signals a continuation of the existing trend, rather than a reversal. It typically occurs during pullbacks or retracements in a strong trend. Hidden divergence can appear in both uptrends and downtrends, providing traders with an indication that the prevailing trend is likely to continue after the short-term retracement is over. This type of divergence serves as a confirmation of trend strength and helps traders stay in profitable positions during market pullbacks.
Why Are RSI Divergences a Powerful Tool?
RSI divergence is a powerful tool in trading because it offers early insights into potential trend reversals or shifts in momentum before these changes are fully reflected in price movements. By recognizing divergence, traders can anticipate shifts in market sentiment and make timely decisions. One of the main reasons RSI divergence is so effective is that it serves as an early warning system. It signals when the momentum behind a price trend, whether up or down, is starting to weaken.
For example, in a strong uptrend, if prices continue to make new highs, but the RSI fails to reach new highs, this could signal that the buying momentum is losing strength, even though the price is still rising. This divergence indicates that a reversal or pullback might be imminent, allowing traders to exit their positions or prepare for a potential shift in market direction. Understanding this early warning can provide traders with an edge, helping them avoid being caught in the late stages of a trend and positioning themselves ahead of a change.
How to Trade RSI Divergences?
When the price makes a higher high but the RSI fails to confirm with a higher high, this is known as bearish divergence. While this situation suggests weakening momentum, it doesn’t necessarily mean a correction is imminent. The price may continue to rise for some time, and eventually, the RSI could catch up and make a higher high in line with the price action. Essentially, the market could remain in an uptrend, and the RSI could still align with the price over time.
This highlights the importance of not jumping to conclusions solely based on RSI divergence. Divergence can act as a useful warning, but it should not be relied upon as a definitive signal of a trend reversal. To increase the reliability of the signal, traders should wait for additional confirmation, such as a candlestick pattern indicating a potential trend reversal. Candlestick patterns like engulfing patterns, doji candles, or shooting stars at key support or resistance levels can provide stronger evidence that the trend may be about to change.
Therefore, it’s wise to wait for a more comprehensive confirmation from price action before making a move, rather than acting on divergence alone. Combining RSI divergence with other technical tools, such as candlestick patterns or chart patterns, can help increase the accuracy of your trade decisions.
Conclusion:
Divergence is a powerful tool that provides valuable insights into potential trend reversals or continuations. By understanding the different types of divergence and knowing how to identify them, traders can make more informed decisions. However, divergence should always be used in conjunction with other technical analysis tools to enhance the accuracy of your strategy. With practice, patience, and proper risk management, divergence trading can become a profitable strategy for identifying key market turning points. Whether you are seeking trend reversals or confirming ongoing trends, RSI divergence can be an essential component of your trading toolkit.
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BITCOIN Outlook: Watch for a Drop Toward $85100COINBASE:BTCUSD has reached a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume.
If the resistance level holds, I anticipate a downward move toward 85,100$, which represents a logical target based on previous price behavior and market structure.
However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, leading to further upside.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management.
Bitcoin Eyeing a Breakout After Consolidation!BTC is forming a potential bullish setup after a period of tight consolidation within a falling wedge. Price is attempting to reclaim structure above key resistance, with the wedge breakout suggesting momentum could shift upward. If volume supports the move, bulls may regain control, making this zone critical for confirmation.
Is BTC ready to move to 66k?I honestly hate to say it but BTC looks like its about to breakdown to 66k. Looks like a symmetrical triangle on declining volume almost ready to move.
The Trump Tariffs are the culprit of course and tomorrow 10 percent tariffs will hit across the board. On the 9th, heavier tariffs will hit. Price action will be determined by these regulations. I hope that a lot of countries renegotiate them and actually turn these things into bullish news but I'm very doubtful. I think its more likely that these hit and take us lower. Stay vigilant
Bitcoin (BTC/USD) Trade Setup & Analysis🔹 Trend Analysis:
📉 The chart shows a downtrend followed by a reversal attempt.
📈 The price bounced off a support zone and is moving upwards.
🔹 Indicators:
📊 The 9-period DEMA (83,805.38) is slightly above the current price, acting as a resistance level.
🔹 Trade Setup:
🟢 Entry Zone: Around 82,943 (Current Price)
🔴 Stop-Loss: 81,183.22 ❌ (Below support level)
🎯 Target Point: 85,563.52 ✅ (Upper resistance level)
🔵 Strategy: The trade anticipates a price dip before
BTC SHOWING DIVERGENT STRENGTHStocks had their worst one day drop in 4 years - and Bitcoin actually printed a green candle, showing incredible relative strength. On a day where tech dropped over 5%, you would have expected a 10%+ drop from Bitcoin, but it did not happen. Is Bitcoin finally decoupling?
As for the technicals…
Bitcoin continues to coil tightly inside a large symmetrical triangle on the daily chart, printing higher lows and lower highs as volatility compresses. After a strong rejection from both the 50-day and 200-day moving averages earlier this week, price found support once again on the ascending trendline – buyers are clearly defending that level.
Volume has remained muted during this consolidation, which is typical for a pattern like this. But remember: triangles are neutral until they break. This setup is approaching its apex, meaning a decisive move is likely coming soon.
Watch for a break above $88,000 to signal a potential bullish breakout – or a drop below the rising trendline to flip the script. Until then, it’s all about patience.
BTC/USD 30Min PairMY looking at a potential short-term trade setup for Bitcoin:
Buy Entry: $84,500
Target: $87,000
Potential Gain: $2,500 per BTC (~2.96%)
Make sure to consider:
Stop Loss: Important to define—perhaps around $83,000 to manage risk?
Volume/Trend Confirmation: Is price action supporting upward momentum?
News/Events: Check if any macro or crypto-specific events could impact price soon.
Want help with chart analysis or setting up a full trade plan?
KEEP TRADING SIMPLE - BTCGood Morning,
Hope all is well. BTC also running the bullish pattern that the rest of the crypto market is. Trend change is in site on the daily which is what I use to plan my swing trades. I use the hourly for entries and exits.
Again waiting for confirmation on the hourly support to place my next swing trade.
Thanks!
USA HAD 51% EST DAY ONEBitcoin: USA’s 51% Control Since Day 1
The USA has controlled 51% of Bitcoin’s mining power since inception, enabling them to rewrite the blockchain—reversing transactions, double-spending, and controlling Bitcoin's narrative.
ETF Manipulation (Gold 2.0): Bitcoin ETFs create paper BTC that doesn't exist, allowing institutions to accumulate real Bitcoin. Until you withdraw, it’s just banking 2.0, with your BTC being numbers on a screen, not actual assets.
Bitcoin is not decentralized if a few control both the hash rate and market supply.
Who benefits most from BTC?
USA does.
They have FED to print USD to buy BTC.
World reserve currency 2.0
¿ Thats why BRICKS ?
BTCUSD Analysis Today: Technical and On-Chain !In this video, I will share my BTCUSD analysis by providing my complete technical and on-chain insights, so you can watch it to improve your crypto trading skillset. The video is structured in 4 parts, first I will be performing my complete technical analysis, then I will be moving to the on-chain data analysis, then I will be moving to the liquidation maps analysis and lastly, I will be putting together these 3 different types of analysis.