BTCUSD trade ideas
$BTC Huge Daily Close Above the .618 Fib !Very BIG Daily Close for โฟitcoin above the .618 Fib ๐ฅต
CRYPTOCAP:BTC needs to close the next week in or above the green box demand area in order to keep the rally alive and flip resistance into support.
As I originally mentioned in my idea, PA either needs to correct accordingly or this is the long-awaited PARABOLA in the making.
I still stand with my original belief on how this will play out, and have numbered my ideas accordingly.
1. Correct to 200DMA
2. Correct to 50DMA
3. Inverse Head and Shoulders reversal pattern
4. PARABOLA ๐
I hope it's time to MOON more than anyone!
but I still have a good chunk of cash on the sideline in case the market needs more time ๐ค
Highlighted in green between approximately $96,500 and $97,050.a 1-hour chart of Bitcoin (BTC/USD) on the BITSTAMP exchange. Hereโs a breakdown of the chart:
Current Price: Around $96,479.
Sell Zone: Highlighted in green between approximately $96,500 and $97,050. This is likely a resistance zone where the trader expects selling pressure.
Red Zone Below: Represents the expected price drop area, indicating a bearish outlook.
Price Action: The chart shows a sharp move up into the Sell Zone, followed by a small pullback, and then a projected drop.
Target Zone: Around $93,242, with an extended potential drop to $91,572, indicated by the arrow.
Support Zone: The yellow rectangle near $93,200 is a key support area where price might stabilize or bounce.
This chart suggests a short (sell) trade setup, anticipating a reversal from the current high back toward support levels.
BITCOIN Will Keep Growing! Buy!
Hello,Traders!
BITCOIN is trading in an
Uptrend an the coin made
A bullish breakout of the
Key horizontal level of 94k$
Which is now a support and
Is now going up again so we
Are bullish biased and we will
Be expecting a further
Bullish continuation
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
btc fibonacci levels Trade Strategy
Long to May 4 High:
Entry: If BTC breaks above $94,310 (Square of Nine 90ยฐ) with a green candle, enter long.
Target: $96,472 (Square of Nine 720ยฐ), aligns with your $95,976.36.
Stop-Loss: Below $92,781 (Square of Nine -360ยฐ), risking ~$1,500.
Time: Exit by May 4 (50-day cycle).
Short for May 14 Dip:
Entry: If BTC reaches $96,472 and shows rejection, enter short.
Target: $91,567 (Square of Nine -720ยฐ).
Stop-Loss: Above $96,472, risking ~$1,000.
Time: Expect the dip by May 14 (60-day cycle).
+0.42% Gain: BTC/USD April 28th Trading Plan Success๐ BTC Trade Recap (Apr 28): Bullish breakout plan hit!
โ
Long entry @ $95,050 -> Take Profit 1 = $95,450 = +0.42% profit.
๐ป Short setup didn't trigger
๐ฐ +0.42% profit.
You can find the trading plan in the 'Related publications' section in the lower right corner.
BTCUSD: The catching up to Gold has started.Bitcoin is having an excellent day turning almost overbought on its 1D technical outlook (RSI = 69.867, MACD = 3107.700, ADX = 41.327) and that is normally a signal for more upside to come. Adding Gold to the mix, we see that in recent past when Gold topped, Bitcoin was at the start of its uptrend and eventually caught up to Gold. Today's rise is probably similar to early November 2024, so we expect another 1.5 - 2 month upside before the next short term pullback.
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SMA LINE STRATEGY WORKS WELLIn my first idea I was based on the 1H 100SMA line and I saw the price works very good with this line. If price come closer to the line with low volume there is a big chance for the price to bounce from it depends if we are above or below the line, but if the price come closer to the line with big volume there is also a chance for the price to crash that line and change trend. Very important in this strategy is also a HTF analysis because it can say us a little bit more than 1H chart. For now I expect for the price to come higher and take some liquidity from up but if this little run will be burnout we can see a big probability to come back to this SMA line and I will look and wait for this moment and if I will see the chance for that move I will publish it here so wait for the next BTC update.
Can BTCUSD continue to be purchased? The answer is definitely.Can BTCUSD continue to be purchased? The answer is definitely.
The current trend is a rebound trend after a volatile decline. The space for a short-term increase of 1,500 points is very simple. The target position is 94,700-95,200. Friends who like to do short-term swing trading can follow.
BITCOIN is filling all gaps as it should.Bitcoin (BTCUSD) is having its strongest 1D green candle since April 22 (for now) and basically today's analysis is a continuation/ modification of our April 14 buy call (see chart below):
Our Target was $99500 but we now update it to $106000 as we see a different pattern through filling the Lower Highs gaps. As you can see, since BTC's April 07 bottom, the rebound has filled one Lower High of the downtrend after the other.
At the same time, it has posted identical rallies before consolidating, the 1st one +15.37% and the 2nd +15.11%. We are currently on the 3d and if it makes again +15.11%, then it gets us to $106.9k. That is marginally above the Lower High of January 30, practically the first Lower High after the January 20 All Time High (ATH).
Moreover, the 2.0 Fibonacci extension level is at $106k and this is why we've moved our short-term Target there. This fills all dynamic conditions of this uptrend.
Do you think that's a fair estimate? Feel free to let us know in the comments section below!
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BITCOIN | 30M | IMPORTANT SUPPORT ZONE Hello, my friends,
Yesterday, I shared a Bitcoin analysis and stated that my target level is 97,300.
At the moment, we are within the blue support zone I highlighted in my analysis yesterday. Although this is not a very strong support zone, I am expecting an upward movement from here. However, the most critical support level lies between 92,000 and 91,000.
As I mentioned yesterday, as long as the price does not drop below the 92,000 - 91,000 levels, my target remains at 97,300.
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Thank you to everyone who supports with likes.
BITCOIN (BTCUSD): Strong Bullish Signs?! โฟ
Bitcoin has probably completed the accumulation
stage after a completion of a strong bullish wave a week ago.
I see a breakout of a resistance line of a symmetrical triangle
on a daily time frame.
It is an important sign of strength of the buyers.
The price may continue going up now and reach 98.180 level.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
Buy@9500096000: This represents the resistance level adjacent to the upper trend-line of the current ascending wedge. The price has repeatedly probed this zone but hasn't managed to achieve a decisive breakthrough, underscoring significant selling pressure at this crucial juncture ๐ฅ.
97500: It stands as a more elevated resistance milestone. Should the price powerfully breach the 96000 resistance barrier and sustain its upward momentum, it could potentially challenge this level ๐ฏ.
โกโกโก BTCUSD โกโกโก
๐ Buy@95000
๐ TP 96000 - 97000
Accurate signals are updated every day ๐ If you encounter any problems during trading, these signals can serve as your reliable guide ๐งญ Feel free to refer to them! I sincerely hope they'll be of great help to you ๐
In - depth Analysis of BTC: Can the 97,000 Target be Achieved?96000: This is the resistance level near the upper trend - line of the current ascending wedge. The price has tested this area several times but failed to break through effectively, indicating strong selling pressure at this level ๐ฅ.
โกโกโก BTCUSD โกโกโก
๐ Buy@92000 - 93000
๐ TP 95000 - 96000 - 97000
Accurate signals are updated every day ๐ If you encounter any problems during trading, these signals can serve as your reliable guide ๐งญ Feel free to refer to them! I sincerely hope they'll be of great help to you ๐