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BTCUSD trade ideas

BTC/USD Analysis: December 10, 2024.Current Price and Market Cap Current Price: $95,500 Market Cap: $1.89 trillion 24-hour Volume: $196.71 billion Recent Performance 1-day Change: -4.61% 1-week Change: -0.75% 1-month Change: +26.09% Year-to-date Change: +128.44% Technical Analysis Moving Averages: BTC/USD is currently trading below its 50-day EMA but above its 200-day EMA, indicating a potential bullish trend if it can reclaim the 50-day EMA. Relative Strength Index (RSI): The RSI is overbought at 76, suggesting a possible correction or consolidation. Support Levels: Key support levels are at $92,000 and $82,000. If BTC/USD fails to hold $92,000, it could trigger a downward move toward $82,000. Resistance Levels: The next major resistance level is around $116,000, with a potential target of $144,000 by March 2025 if it breaks above $102,000. Market Sentiment Recent News: Bitcoin recently hit a record high of $103,650 but fell over $10,000 in hours. The market is currently consolidating after a 50%-plus rally since November. Expert Opinions: Some analysts remain bullish, predicting further upside, while others caution about a potential correction in 2025. Trading Recommendations Short-term: Monitor the $92,000 support level closely. If BTC/USD holds above this level, consider long positions with a target of $116,000. Long-term: If BTC/USD breaks above $102,000, it could set the stage for another leg higher toward $144,000 by March 2025..
FX:BTCUSD
by OakleyJM
From Euphoria to Despair: Bitcoin's Path ForwardBitcoin prices pushed above the $100K mark, sparking euphoria across the world. However, that excitement quickly turned into despair as the euphoria marked a local top in prices. Yesterday, significant gains in altcoins were wiped out. The reason is simple: the returns in altcoins have been phenomenal, and investors are eager to book profits. Additionally, funding fees were through the roof but have since come down sharply. Yesterday, we also saw liquidations of roughly $1.5 billion, according to data from Coinglass. Looking at Bitcoin prices today, the type of decline we saw on December 5—roughly 11.64% from the all-time high—is normal. My main scenario now is for prices to remain sideways for a few more days before potentially pushing to the upside. The biggest issue, however, is the massive divergence on the RSI, as seen in the chart below. This divergence suggests we could experience a steeper slide in Bitcoin prices, especially since Bitcoin has not yet faced the larger blowouts seen in altcoins. With that in mind, I see three possible scenarios. The first is consolidation followed by a bullish breakout, which would be my preferred outcome. The second scenario involves being bullish around the $93,000–$90,700 range. If that level doesn't hold, we could potentially see a larger slide toward $85,000, representing an 18% decline from the all-time high. Around that level, or possibly as low as $80,000, we are likely to see strong buying interest as traders look to "buy the dip" before pushing prices back to the upside. 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:BTCUSD
by ThinkMarkets
$BTC Bullflag (Accumulation)CRYPTOCAP:BTC Bullflag showing a bullish pattern in the making, Bitcoin with a much needed break and slowly accumulating for the break out of the bullflag and a blast right thru $100, 103 and on to $120 + My green arrow shows my projected path unless invalidated. Please be careful on using leverage, we are in a liquidity grab zone and the whales WILL take your money, preserve your capital, practice proper risk management and you will make money, remember you dont need much leverage during a bullmarket. Good luck guys 🙂 Target = In Accumulation trading in range. Short term target $100k
BITSTAMP:BTCUSD
by Trade_Wolf
Well, Well Well, Can Bitcoin Sustain Its New All-Time High?It's been a while, TradingView. I've really stepped away from markets for the most part to focus on other things. It's been quite refreshing. This won't be long. I'm popping in to share a couple of quick observations. For one, Bitcoin has managed to break out to a new significant ATH, so far a little under 30% above the previous high around $73k. My speculation has long been that Bitcoin is unlikely to SUSTAIN a significant new all-time high above the previous bull-market high near $70k. This is close to being invalidated. Full invalidation would require Bitcoin to just keep going, and $100k is the next clear hurdle. Right now, it's encountering some resistance, just 5% from that major target. Keep in mind, Bitcoin, is not really outperforming major stock indexes (yet). It's simply caught up after a period of underperformance. The recent upswing in price seems to have been catalyzed by Trump's second election to office in the U.S. Interesting, considering he used to look down on cryptocurrencies and suddenly flip-flopped during his recent run for office. This seems to be a bit of an emotional and speculative reaction from investors. Buyers expect further price appreciation with increased adoption and decreased available supply. "Adoption" simply means buying and holding these days, not using it as a currency. This is clear when looking at this graph: studio.glassnode.com Bitcoin active addresses continue to stagnate. People are just buying and holding, and it is often the same entities doing so. The ETFs skew this data as well, since these coins are held in concentrated addresses, even though many more people may be holding "Bitcoin" through an ETF. That brings me to something else: Options. Now traders can exercise options on Bitcoin ETF's. This is dangerous, and I think should be treated with some caution. This can increase the amount of price manipulation, as if it wasn't already manipulated. As for me, I closed my shorts at a loss around $63.8k. I saw that Bitcoin was unlikely to drop further, and instead break out of its flag formation to the upside. This ended up being the safer move. Now, I've slowly begun scaling back into a short. I've added at GETTEX:89K , $93k, and now $94.8k. The chart is demonstrating some divergences. The Ultimate Oscillator is actually declining as price goes up. Today's "breakout" is so far on meager volume, but my guess is that this increases should price continue towards $100k this week. In the above chart, confirmation of a local top might be the breakdown of my orange trendline. If price stalls here, it can fall all the way down to the breakout point (the long broadening wedge) It can also simply fall as shallow as $82-83k and then resume its climb. Long term, I'm not a fan of this asset as it represents something dystopian and sinister to me these days. I acknowledge it doesn't represent this to everyone. Regardless of your position on Bitcoin, I wish you luck! This is not meant as financial advice and for speculation only! -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
6
Bitcoin Is About To Enter 100K Area SoonBitcoin with ticker BTCUSD is coming and moving nicely higher as expected, after Donald Trump won US elections, so coin remains in a strong bullish five-wave impulse on a daily chart with room even up to 130k-150k area. Price came nicely higher, out of a recent wave 4 consolidation into wave 5 of an extended wave (3) close to 100k area in the 4-hour chart. Now that BTC is slowing down, seems like it's making a higher degree correction in wave (4) before the uptrend for wave (5) of 3 towards 100k area resumes. It's ideally forming a bullish triangle pattern in wave (4), but alternatively be also aware of a deeper correction, which can still retest 90k-85k support zone.
BITSTAMP:BTCUSDLong
by ew-forecast
SPY/QQQ Plan Your Trade For 12-10: Bearish ExhaustionToday's pattern suggests the SPY & QQQ will attempt to trend downward in early trading (trying to find support), then roll into a congestion period finding a Bearish Exhaustion pattern. As you will see in my charts, I expect the SPY/QQQ to stall over the next 3-5 trading days and then move into a correction period - trending downward before the end of 2024. Gold and Silver are moving higher as economic data continues to suggest the strong US economy/inflation trends are putting pressure on global markets. This translates into FEAR. The next big move in Gold/Silver may come before the end of 2024 as well - sending Gold above $2900 and sending Silver above $35.50. Bitcoin is probably the most interesting chart - setting up a Triple Excess Phase Peak pattern in a broad consolidation range. Currently, the dominant pattern is suggesting a downward price move is very likely. Although, a break above 102k (resistance) could send Bitcoin rallying much higher. Get ready for some big moves. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
BTC Tightens After Liquidations With the big drop yesterday in BTC and more notably alts, we are seeing the standard tightening ranges of the equilibrium pattern that results when you have significant volatility in both directions. If we break bull this morning, we will zoom out and scout a 12H lower high, and the daily chart will continue to tighten up as well, heading for a break to end this week. If this hourly range breaks bear, we will look to test recent lows in the $94ks. Note we are seeing BTC.D bounce on the weekly as alts drop into weekly consolidation, as highlighted as one of the more likely potential paths forward in our recent live stream on youtube.
BITSTAMP:BTCUSD
by TheChartGuys
4
Bitcoin - 3 DivesLooks like we are flushing out Longs and trapping shorts Formation of Dives: a clear downward movement reaches a low. another dip forms, slightly lower than the first. the final dive happens, testing the same support level Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern. Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level
BINANCE:BTCUSDLong
by The_Pythia
Warning! ⚠️ Warning! ⚠️ Avoid These Pitfalls to Succeed in Digital Currency Investment! 🚨 Costly Mistakes That Can Ruin Your Portfolio: 1. Chasing FOMO (Fear of Missing Out): Jumping into hype-driven coins without proper analysis can lead to heavy losses when the market shifts. 2. Skipping Research: Investing without fully understanding a project's fundamentals or goals can end in disaster. 3. Ignoring Risk Management: Failing to set stop losses or diversify your portfolio exposes you to significant financial risks. 4. Falling for Scams: Watch out for “too good to be true” opportunities, such as pump-and-dump schemes or fake tokens. 5. Overtrading: Constantly reacting to short-term price changes can drain your profits and increase losses. --- 🔹 Protect Your Investments: Conduct thorough research to understand each project. Only invest what you can afford to lose. Stay disciplined and avoid trading based on emotions. 💭 Your Thoughts: What other common mistakes should investors watch out for? Share your insights below!
BINANCE:BTCUSDEducation
by AlphaBull-Trading
2
December 9 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. There is no Nasdaq index announcement today. There are many branching points in small waves, so I think it would be good to pay close attention. I proceeded as safely as possible. *Red finger movement path Long position strategy 1. 97,065 dollars long position entry section / cut-off price when green support line is broken 2. 100,213.5 dollars long position 1st target -> Top -> Good -> Great Target price in that order. If the strategy is successful, Long position autonomous operation section in the 1st section of the daily closing price If it does not come down from the current position to the long position entry point and only touches the 2nd section of the purple parallel line support line and rebounds A strong rise may occur. The pink resistance line at the top, purple finger 99,008.5 dollars is a vertical decline section in a downward wave. It is a position that must be broken through unconditionally, and The orange resistance line 1st section is / within the green support line convergence section, and the movement is sideways. If the bottom section is broken today in the sky blue support line section, it may break out of the mid-term box zone, so there may be additional declines after tomorrow. It would be best for a long position if it does not go down to the gray support line -> 3rd section, right? Up to this point, I ask that you simply refer to and use my analysis, and I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
WATCH OUT TRADERS BTC CUP AND HANDEL PATTERN BEARS ARE HEREEEEEEBitcoin is showing signs of forming a classic cup-and-handle pattern, a structure often indicative of potential price movements. Currently, the handle appears weak, suggesting the possibility of a breakdown if support levels fail to hold. If this bearish scenario plays out, Bitcoin could retrace sharply, with a target as low as $91. The declining volume during the handle phase adds to the bearish outlook, signaling reduced buying pressure. This setup warrants close monitoring, as it could define the next major move in the market. BTC Cup-and-Handle in Play: Bitcoin forms a textbook cup-and-handle pattern, signaling potential volatility ahead. Critical Support Levels: The handle appears weak, and a break below key supports could confirm a bearish move. Downward Target: Technical analysis points to a possible retracement towards $91 as sellers regain momentum. Volume Divergence: Decreasing buying pressure reinforces bearish sentiment during the handle phase. stop loss 98,800 take profit 1 93,756 take profit 2 90,173 take prift 3 89,360 ITS JUST AN IDEA NOT FINANCIAL ADVICE
BINANCE:BTCUSDShort
by TONYMONTANA87
2
BTCUSD AUTOBOT 15minThis is a description of the 15min BTC AutoBot strategy written in Pine Script, which is designed for automatic trading on the Bitcoin (BTC) market. It uses Exponential Moving Averages (EMAs) and allows the bot to make trades based on specific conditions without requiring manual intervention. The bot can only be used with a webhook, ensuring automated execution. Below is an explanation of each part of the script: Overview: Timeframe: The strategy works on the 15-minute chart for Bitcoin. Trade Type: It uses two EMAs (25 and 200) to decide when to buy (Long) or sell (Short). Risk Management: Take Profit and Stop Loss are configurable as percentages, helping automate risk management. User Inputs: shortEmaLength: The length of the shorter EMA (default = 25). longEmaLength: The length of the longer EMA (default = 200). takeProfitPct: Percentage for take profit (default = 1%). stopLossPct: Percentage for stop loss (default = 0.5%). These inputs allow users to configure the strategy according to their preferences. EMA Calculations: shortEma: The 25-period EMA is calculated on the close price of the asset. longEma: The 200-period EMA is also calculated based on the close price. Conditions for Trade Signals: Long (Buy) Condition: When the 25 EMA crosses above the 200 EMA, a "buy" signal is generated (crossover). Short (Sell) Condition: When the 25 EMA crosses below the 200 EMA, a "sell" signal is generated (crossunder). Entry and Exit Conditions: Long Entry: When the buy signal occurs (crossover), the bot enters a long position at the current market price. Take Profit: The take profit price is calculated as the entry price plus the configured percentage. Stop Loss: The stop loss price is calculated as the entry price minus the configured percentage. The bot automatically exits the position when the take profit or stop loss levels are reached. Short Entry: When the sell signal occurs (crossunder), the bot enters a short position at the current market price. Take Profit: The take profit price is calculated as the entry price minus the configured percentage. Stop Loss: The stop loss price is calculated as the entry price plus the configured percentage. The bot automatically exits the position when the take profit or stop loss levels are reached. Key Features: Automated Execution: The bot can only be used with a webhook, meaning all trades are executed automatically based on the defined conditions. No Manual Trading: This strategy is designed for automation, with no need for manual intervention. Risk Management: Configurable take profit and stop loss settings help manage risk effectively. How It Works: Once configured, the bot will continuously monitor the price and the two EMAs on the 15-minute chart. Whenever the crossover or crossunder conditions are met, the bot will automatically place a buy or sell order, respectively. The bot will then monitor the price and exit the position when the take profit or stop loss levels are reached. This setup ensures that trades are executed in a fully automated manner, making it ideal for users who prefer to have a bot manage their trades according to set conditions.
VANTAGE:BTCUSD
by Leets0n
Bitcoin Slides Back Below the $100KBitcoin ( BTCUSD ) retreated on Friday, settling below the psychological $100,000 level, after reaching an all-time high of $103,719.4 on Thursday. This 4% decline, which has led the crypto to currently trade around $98,358, reflects profit-taking by institutional investors ahead of U.S. interest rate announcements. The recent market optimism was linked to the pro-cryptocurrency policies of President-elect Donald Trump, who announced David Sacks as an advisor on cryptocurrencies and artificial intelligence. This move, along with other favorable appointments, raised expectations of friendlier regulations for the sector. However, strong employment data in November has reshaped monetary policy expectations. Non-farm payrolls increased by 227,000 jobs, exceeding the forecast of 200,000, while the unemployment rate remained at 4.2%. This outlook reduces the possibility of immediate interest rate cuts by the Federal Reserve, increasing pressure on risky assets. Other cryptocurrencies also posted declines. Ethereum (ETH) fell 0.7%, although it maintains a weekly upside of 8%, while XRP retreated 3% after reaching six-year highs due to favorable regulatory speculation. If we look at the chart, a bullish candlestick is currently forming, so it is not expected that the price will collapse. Its control point (POC) is located near $99.817 and the pressure from the delta zones is mostly bullish, so it is likely to regain directionality soon. RSI at 48.10% is slightly oversold. The market remains attentive to regulatory and economic developments that could define the future direction of the crypto sector. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:BTCUSDLong
by ActivTrades