is going up or down?We recently finished a bull flag, now there is a bear flag pointing to 63K, at the same time we can see a new formation, a possible megaphone tat could continue the uptrend over 70K.
BTCUSD trade ideas
Btc Cart before the LamboIF, BTC breaks and closes below the smaller circle, the trip down to the Low 60K area will a mine field.
The bears are looking to feast if this happens.
BITCOIN ALERT!Bitcoin Trade Analysis: Why BTC Could Keep Rising
I just entered a trade on Bitcoin (BTC) at $68,780 with a stop loss at $67,379 and a take profit target at $70,200. Here's why I believe Bitcoin will continue its upward trajectory:
Bullish Technical Indicators: The MACD (Moving Average Convergence Divergence) indicator has recently flipped bullish, signaling a renewed upward momentum1
This bullish flip is similar to previous rallies, suggesting a potential breakout above $70,0001
Market Sentiment: The Crypto Fear & Greed Index is in the "greed" zone, indicating strong market optimism2
This positive sentiment is driving increased buying interest.
Institutional Interest: Recent reports show heightened institutional interest in Bitcoin, with significant inflows into BTC-spot ETFs3
This institutional support is a strong bullish signal.
Economic Factors: Speculation about potential interest rate cuts by the Fed and positive political developments (e.g., pro-crypto candidate leading in US election polls) are boosting market confidence1
With these factors in play, I'm optimistic that Bitcoin will reach my take profit target of $70,200. Let's see how this trade unfolds!
BTCUSDEvidence! Evidence!! Evidence!!! Come get this SAUCE!!!! This was a called move!
_SnipeGoat_
_TheeCandleReadingGURU_
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Bitcoin daily high is just around the corner,The daily wave confluence has reached its peak, and the upper order block highlights resistance, but any drop should only be a minor correction within the bullish trend. COINBASE:BTCUSD
BTC Analysis: Waiting on the Next Move – $67,226 Bounce or Back Alright fam, here’s the scoop – BTC could pop up to $67,226 from here, but if not, we might dip back to $66K for a quick reset before heading higher. If things get dicey, we could slip to GETTEX:64K – and worst case, it drops even lower.
If you like the update, drop a comment or follow so I can keep bringing you more analysis on the markets you love!
Mindbloome Trading
Trade What You See
BITCOIN WILL BE IN SELLING PRESSURESame as the gold as I highlighted in 2021,now BTC forming a same cup & handle pattern.
It might reach 46k - 52k level before take off to the new high.Other support level also need to be consider before reach at this bottom.
BTC, will it fall further or parabolic?I was going to talk about the 3hr and 9 hr chart collision in the blue box. Making note if BTC can hold this area a push higher is looking good. BTC had other ideas.
So, at the time of creating this Idea 11 am eastern UTC4,
The Circle is the area to keep an eye on .. it has 2 powerful convergences.
This 1 hour chart has the support at the 200 / 233 SMA's.
The green Flag is the area of the 40 sma on the 6 hr chart.
If the fall continues there is not much below it too slow down into the 50k region.
I was just a bit early with my previous thoughts of the pull back.
Thought for the day: Trade with a plan and follow it or get a new plan.
Bitcoin buy 67100After strong run up bitcoin declines to test blue support SCD band on 4 hr chart
This is first decline and it’s always a buyable event
Buy 67100 let’s see if buyers will push price to test top Bolinger on 4 he and area in the middle first.
BTC long setupI was really wanting to short the highs on btc but perp longs just didn't stop coming in and the constant pushing made it almost imporssible to hold a short. I gave up on it. Woke up to see btc looks pretty bad now. the volume is very telling. Lots of selling happening. On the 12h chart you can see a very nice and clean FVG. Tap that and i will look for longs.
Bitcoin (BTCUSD): dip was bought, but no green light yetFollowing up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded.
From a technical perspective, we remain within the confines of the long-term bullish flag pattern.
A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up.
Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.
To be continued..
Bitcoin (BTC): Smaller Breakout, Possible Re-TestBitcoin made a big volume breakout from smaller resistance, where on a new weekly open we are seeing some kind of weakness kicking in (after a test of the major resistance zone near ATH).
Ideally we should see some hovering near current zone and then a nice rejection which would put price back below that blue zone of re-test.
Swallow Team
Long Term Price TargetsWhen in doubt, Zoom out!
Long term we all know BTC is bullish. Just hold and wait for 4 or 5 years after your entry price. You will out perform every other market.
SPY/QQQ Plan Your Trade For 10-21: Gap Potential PatternToday's pattern suggests an opening price Gap is likely. Given the markets are trading slightly lower this morning, this Gap potential plays very well with my Roadmap trading outline from last week. I highlighted the need to sell out of positions last Friday and look to buy into the Gap Potential pattern today.
If the markets rally off this opening gap pattern, we could see a nice move in the SPY up to 587-588+.
Gold and Silver are rallying again. But be aware today is a TOP pattern for Gold/Silver. That means both Gold & Silver will attempt to identify resistance and move away (lower) from that resistance level.
Bitcoin looks to have moved into the Ultimate Peak level on an intermediate-term Excess Phase Peak pattern. Additionally, the deeper low sets up a longer-term Excess Phase Peak pattern that suggests Bitcoin has entered the Consolidation Phase (#3).
Because of this, I suspect Bitcoin will fall below the FWB:67K level and potentially move into broad consolidation for a minimum of at least 5-6 weeks.
These Consolidation phases in longer-term Excess Phase Peak patterns can be brutal for traders. The volatility of these consolidation phases can present real challenges and last about 50% of the time it took to Flag. Given this information, we may see many weeks of consolidation within a range in Bitcoin - possibly lasting into December 2024.
This will be a tough week for traders. Try to stay aware of the bigger picture and play the rotation headed into next week.
Get some.
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BTC/USD Approaches Critical Resistance: Breakout or Pullback?Based on the BTC/USD chart, the price is approaching a significant resistance zone near the ATH (All-Time High) at 73,814. A breakout above this level could lead to a strong upward movement, with potential targets at 76,377 and higher, possibly reaching new ATH levels around 90,000 and 100,000 USD per Bitcoin.
However, if the price faces resistance at this zone, a pullback could occur towards the first support area around 64,905 (pivot line). Should the decline continue, the next support levels are at 62,407 and 59,944, with a stronger correction likely if these levels are breached.
Key Levels:
Resistance Area: 73,814 (ATH), 76,377
Support Areas: 64,905, 62,407, 59,944
Potential Demand Zone: 52,791
Directional Outlook:
Bullish: A breakout above 73,814 could signal a bullish rally toward 90,000 and 100,000.
Bearish: A failure to break through the resistance at 73,814 may result in a pullback toward the support levels, with 64,905 being the first target.
In summary, the current trend is bullish as long as BTC/USD remains above the pivot zone, with strong resistance ahead. A breakout will be key for further upward momentum.
previous idea:
