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BTCUSD trade ideas

Daily Analysis of Bitcoin – Issue 233The analyst believes that the price of { BTCUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:BTCUSDShort
by MoonriseTA
A Deja Vu Moment? 31% Correction to Previous ATH $73KThere’s something about the charts that’s been bugging me lately—definitely leaning toward a bearish bias. As much as I want to be bullish and for Alt Season to kick off, my focus on Bitcoin is mainly to gauge the pulse of the Altcoin market. But there’s something on the weekly charts that’s hard to ignore. The Stochastic RSI has turned bearish, signaling a downward bias for Bitcoin’s immediate direction. This could play out as an overall correction that might take another week to play out. Adding to this, back in November, Bitcoin’s price rejected off the 0.618 Fibonacci level on Bitcoin Dominance. This level marked the peak for Bitcoin dominance in the 2021 bull run. At that time, the stochastic RSI was overbought with a bearish crossover and dominance rejected off the 0.618 Fib level, leading to a 31% correction over two weeks before the market quickly rebounded. Fast forward to today, we’re at a very similar juncture. Stochastic RSI is overbought and we have rejected off bitcoin dominances 0.618 fib level - Will we see a 31% Correction? Well! If we were to see a 31% correction from the previous ATH, it aligns almost perfectly with the 0.618 Fib level—hard not to see this as more than just a coincidence. On top of that, I suspect we’re currently in a Wave 4 correction. However, a pullback to the 0.236 Fib level feels almost too straightforward to me—perhaps too easy. What do you think? Would love to hear your thoughts!
BINANCE:BTCUSDShort
by heywippa
100 SMA IS KEY - $115,000 ? As illustrated, we see price looking to dance with the 100SMA line in the 4H timeframe. Should price close above it, it would have to hold as support in order to maintain the uptrend and make this a potential continuation impulse to break ATH. It is key to see price hold at or above the 100SMA in order for this idea to be valid, and if it retraces back down again, it's important that the $92,000 - $91,000 price range holds as major support. Should price continue to rise above and beyond the 100SMA, you should see bullish structures forming right on the SMA, such as: rising triangle, bullish flag, rising wedge, ascending triangle, or an inverted head and shoulders (more effectively in the 1H timeframe). -- GOOD LUCK!
BITSTAMP:BTCUSDLong
by PersaGold
Bitcoin’s December Outlook: Consolidation or Trend Reversal?Bitcoin Bull Market: Is It Over? A Closer Look at December's Impact Bitcoin (BTC) has demonstrated resilience in December, with a modest decline of less than 2.5% as traders anticipate the crucial monthly and yearly candle close. BTC Price Performance in December Despite being approximately $15,000 below its recent all-time highs, BTC/USD has only depreciated by 2.4% compared to its December opening. This positions Bitcoin as a strong performer in 2024, with the broader bull market narrative remaining intact upon a long-term perspective. Analysts project a potential 145% price increase for Bitcoin from this year's levels. Key Insights for the Week The coming week holds significant importance for Bitcoin's trajectory. A weekly candle close below $92,800 could signal the start of a bearish trend, potentially driving prices toward $79,580 and $71,400 in January. Conversely, if Bitcoin stabilizes above $92,800, it is likely to trade within the range of $92,800 to $103,760. For a renewed bullish outlook, a daily candle close above $103,560 is critical, as it would pave the way for upward movements toward $127,510 and $149,100. Key Levels to Watch Pivot Line: $92,800 Support Levels: $79,580, $71,400, $64,920 Resistance Levels: $103,757, $127,511, $149,100 Trend Outlook Consolidation: Between $92,800 and $103,760 Bearish Trend: Below $92,800 Bullish Momentum: Above $103,560
BITSTAMP:BTCUSDShort
by SroshMayi
#BTCUSD 4H#BTCUSDBTCUSD (4H Timeframe) Analysis Market Structure: Trendline Support Breakdown: The price has broken below a previously established trendline support, indicating a potential shift in market sentiment from bullish to bearish. Forecast: Sell Opportunity: The breakdown below trendline support suggests that bearish momentum may take over, and further downside movement is likely. Key Levels to Watch: Entry Zone: After the trendline breakdown, wait for confirmation of continued selling momentum or a retest of the broken trendline as resistance. Risk Management: Stop Loss: Above the broken trendline or recent swing high to limit risk. Take Profit Zones: Focus on next support levels or Fibonacci projections for potential downside targets. Market Sentiment: Bearish Outlook: A trendline support breakdown typically signals that the buyers have lost control, and further downward movement is expected if the price remains below the broken trendline.
BINANCE:BTCUSDShort
by PIPSFIGHTER
"In markets, gravity always wins."📉 Bitcoin Analysis (BTC/USD) 📉 Bitcoin's meteoric 100% rise since September screams overextension. The euphoria may be fading, and a correction looks imminent. 🔻 Key Levels to Watch: $73,800: The first major support—breaking this could accelerate the drop. $65,600: A likely target if bears take full control. The chart suggests BTC is overdue for a pullback. Corrections after such rallies aren’t just likely—they’re inevitable. Bulls, buckle up. Bears, this might be your moment. "In markets, gravity always wins."
CRYPTO:BTCUSDShort
by Charts_M7M
BTCUSD is holding its MA50 (1d). Bullish!Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is. The last time it hit the MA50 was on October 11th. The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 105000 (the 0.786 Fib). Tips: 1. The RSI (1d) patterns of the current correction and March's are virtually identical and in fact today it hit the exact same Support leve (46.50) it had when the price rebounded on March 19th. Please like, follow and comment!! Notes: Past trading plan:
CRYPTO:BTCUSDLong
by TradingBrokersView
Bitcoin's Ugly WeekKey Observations: Recent Price Action: Last week’s candle was a large bearish engulfing candle, marking a significant rejection and pullback from the $108,000 zone. Bitcoin has broken below the $99,860 support, which had previously acted as a key level during the rally. This level is now likely to serve as resistance. Current price sits near $95,905, attempting to stabilize after the sharp sell-off. RSI Analysis: The RSI on the weekly timeframe is trending downward after reaching overbought levels (~80). The RSI is currently sitting near 67, which is still bullish but indicates weakening momentum. This decline in RSI aligns with the pullback in price, signaling a potential cooling-off period for Bitcoin's uptrend. Volume: Last week’s bearish candle was accompanied by high volume, confirming strong selling pressure. This suggests that the pullback is not just a minor correction but a significant event that traders are actively responding to. Support and Resistance Levels: Support: $89,000–$90,000: Key area and a psychological level where buyers might step in. $73,835: Major breakout level from earlier in 2024, which remains a critical support zone in the event of further downside. Resistance: $99,860: Previously strong support, now flipped to resistance. $108,000: Recent high and upper boundary for potential future attempts to reclaim bullish momentum. Trend Structure: The weekly structure remains bullish overall, with higher highs and higher lows intact. However, the break below $99,860 signals a potential shift to short-term bearish momentum. Key Considerations: Last Week’s Candle: The large bearish engulfing candle signals significant selling pressure at higher levels. This type of candle often precedes further downside or at least a period of consolidation, especially when confirmed by strong volume. Bearish Momentum: The break below $99,860 combined with RSI dropping from overbought territory suggests a cooling-off phase in the uptrend. Further downside to $89,000–$90,000 is likely before buyers step in to defend. Long-Term Bullish Case: Despite the short-term pullback, the macro trend remains bullish, with price still well above the 50-week SMA and prior breakout levels. A retest of $89,000–$90,000 or even $73,835 would still align with a healthy correction in a long-term uptrend. Bitcoin's weekly chart shows a significant pullback after a sharp rally, with RSI and volume confirming short-term bearish momentum. Immediate support lies at $89,000–$90,000, while $99,860 acts as key resistance. The broader trend remains bullish, but this correction could deepen before resuming the uptrend.
COINBASE:BTCUSD
by ScottMelker
BTCUSD Revision 22 December 2024Hello Nation! Let’s see what BTC did. We open today at 96537 area. It did made a huge gap breaking a Resistance level. The same Level became a Support. As multiple rejections can be seen. To me that a good hint for a buy entry. I marked out my m15 Box and that will be my point of interest for a buy entry. With 30 Pips SL risk and 100 Pips TP. It will be a nice winner. I did took this entry but i secured at 94 Pips. My risk was smaller than 30pips as i make them precise on m1 or m5. Price went up straight to a Daily SBR area. Once i spotted Price was breaking a support on the H1, this information is key to me. I marked the Support that broke and that same area is now Resistance. A point of interest which i will monitor. Again, I drew out my m15 box after the identifying Support and Resistance in that area. Upon seeing multiple bearish reactions. I was confident price will be making a move down. I took a sell entry. This time i targeted the H1 low which give me a bit more than 100 pips. I secured this entry at 138 Pips. Knowing that there was gap during market open. I could have attempted to target much lower. But i am happy with what i got. It was a very good day for me. BTC is just bouncing off its supply and demand. As you know, I don’t make predictions on my post. I will only try to share what story that i see after the candles happen. Thank you for Reading. Good Bye!
EIGHTCAP:BTCUSD
by Mann20pips
Divergence - SHORT I am not perfect on explaining what is happening, but I am good in drawing my expectation. in this expectation, I think there is a signal for Divergence from the tops which indicate price will revert to hard down, so keep in mind, Selling short period is about to happen. and put in your mind, that the price sooner or later will come back to the main trend link ( the below white line) so, BTC will go back again to the $60,000 again, and maybe less, you need to know the game, they drop the price with one click by selling a huge amount of BTC on their network, that's how they control the market, by selling and buying their exist BTC, they will never lose, this Satoshi Nakamato organization are like the CASINO, the house always wins. ;)
COINBASE:BTCUSDShort
by khaledabdrabo
3
BITCOIN: First red day, on DAY 3!Hello traders and thanks for your constant support, please do not forget to like and comment the idea, it's very helpful and supporting for my constant work and progress. Bitcoin, it's currently establishing a template of pump and dump that I really like and already traded many times in the past few years, on several instruments. There is a good chance to complete the full pattern of pump and dump during the upcoming days. But let's see the overall weekly situation to understand better the thesis behind. Let's start quickly to say that the current week is INSIDE the previous weekly high low, meaning that I do not see weekly higher time frames involve in this move, as well because today we don't have any major red news on calendar, I would consider a potential short entry only an intraday position. Monday is the opening range of the week, it triggered HOD and LOD levels, closing in breakout short, inside the previous weekly high low range, shorts traders were involved in this specific day. Tuesday the market dumped back down into the low of Monday, failing the attempt to break lower, still we have shorts involved and potentially now trapped into the low of the week. Wednesday, day 3 of the week, we can see a three days dump and pump completed in the week, shorts from Monday are stopped out and long breakout traders are in the market, but once the HOW has been reached, is really important to understand the behaviour of price on that level. Thursday, long traders attempt in three pushes to break higher, basically consolidating up high and closing the day down, as a first red day. Today, Friday, the market placed a lower low into the yesterday low of day (which it could represent a weakness in the market) and currently pumping up into the current high of day / most recent swing high in the market. THESIS: -Short: this is my main thesis right now, I would like to see the market consolidating up high into the current HOD, starting breaking down in NY session for either a session scalp pump and dump, targeting LOD, and eventually trailing to further levels as breakout level of Tuesday high (because breakout traders long entered the market without any retest of that area), eventually closing of Tuesday and as well low of Wednesday, all these level can be very reactive. - Long: as always, I'm not here to make forecasting or prediction, but I'm only looking for setups in specific templates that play out over and over again. Bitcoin can still keep breaking higher giving a long trade back to the HOW, where the beginning of the dump started. In the next update, I will be showing the intraday overview.
PEPPERSTONE:BTCUSDShort
by GianniPichichero
1
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity, I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this) my simple trade idea : green is path of 4 years ago, blue is path of last year first TP will be at 120k & 144K see you in 3 weeks not financial advice cheers
COINBASE:BTCUSDLong
by Investwine
Bitcoin (BTC): Daily Liquidity Grab (New ATH Formed)On a daily timeframe, we had a quick liquidity grab at the beginning of the day, where price formed a new ATH near $106.5K. We are not seeing some kind of weakness kicking in on even smaller timeframes where there is a possibility to form an MSB, which might shift the price back near $95K. So our gameplan remains the same; we keep an eye out for more confirmations, and we are not rushing into the trading. If we do not see the price to reach our entry zone for downward movement, then, as we mentioned on the weekly timeframe, we might see $140K earlier than we thought!! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
4
Bitcoin: the demand holdsBTC had a relatively mixed week, but was traded around some positive news. Namely, the CEO of BlackRock, the largest investment company in the US, expressed his opinion that an optimised portfolio should contain up to 10% exposure in BTC. This is how BlackRock is advising its clients. Still, BTC started the week in a negative sentiment, reaching its lowest weekly level at $94.565. A positive sentiment returned to the market, so the BTC headed back toward levels above the $100K. The RSI continues to move within a highly overbought territory, easing a bit till the level of 62. A clear reversal path has still not started, which is postponed due to strong demand for this coin, in the post-election period. The MA50 continues to strongly diverge from MA200, without any indication of a potential slowdown in the coming period. As BTC continues to move within the high-demand territory, the technical analysis indicators should be taken with a precaution. It is evident that the BTC will start its reversal at one point in time, but the exact timing is not possible to predict clearly based on technical indicators. The latest move from the $94K levels back to $101K levels shows that there is still hidden demand for the coin, which is waiting for the dip in price in order for cash flow to be moved into BTC. This sentiment will most certainly continue also in the future period. When the high demand for BTC will be exhausted, nobody can predict. However, what is certain is that BTC will continue with its volatility within a relatively short range, between the $95K levels, and back toward the $101K range.
BITSTAMP:BTCUSD
by XBTFX