Short term trend continuationI think BTC will have a short squeeze following the last 3day downtrend, TP:72.000
BTCUSDT.3S trade ideas
BTC Thesis RAG-AI. Scalping TodayCrypto Trading Intraday Report
Timestamp: 2024-11-05 17:29:35
Investment Thesis:
As a trader specializing in intraday scalping strategies for Bitcoin (BTC), the current market conditions present a favorable environment for maintaining and potentially increasing long positions. The recent news regarding legal actions involving North Korea's Lazarus Group and the US government's efforts to recover stolen cryptocurrency could create volatility, but the overall sentiment remains bullish. The price of BTCUSDT is currently at $69,890.6900, with a trading volume of 20,543.8700, indicating strong interest from buyers.
Financial Analysis:
Bullish Long-Short Ratio: Particularly in the 1-day and 15-minute intervals, suggesting that traders are leaning towards long positions.
Technical Indicators:
RSI values indicate room for upward movement.
MACD shows positive momentum.
The price is approaching key resistance levels, specifically Resistance_1 at $70,984.9600. If breached, it could lead to further gains towards Resistance_2 at $72,79.2200.
Volatility Analysis:
Average True Range (ATR): Moderate volatility.
Bollinger Bands: Market exhibiting moderate volatility.
Order Book Dynamics: Significant buy walls indicating strong support for upward price movements.
Price Action Signals: Bullish candlestick patterns suggest continued upward momentum.
Data Sources:
Coinglass Data: Real-time data indicates a healthy open interest and a positive funding rate, suggesting that traders are optimistic about BTC's price movement. Liquidation levels are currently stable.
Binance Data: TradingView data shows bullish sentiment in the order book dynamics, with a strong accumulation of buy orders. Volatility index remains moderate.
CoinMarketCap Data: Reports a significant increase in trading volume over the last 24 hours, with a liquidity score indicating strong market participation. Market cap remains robust.
Augmento Data: Sentiment analysis indicates a predominantly positive sentiment towards Bitcoin, with many traders expressing confidence in its upward trajectory.
CryptoCompare Data: Highlights ongoing discussions around regulatory frameworks, currently showing a bullish outlook among traders.
Trade Recommendation:
Outcome: HOLD_BUY
Stop Loss: $68,136.5300
Take Profit: $72,79.2200
Confidence Level: 85%
Exit Point: $70,984.9600
Entry Criteria:
Timeframe: 15m
RSI: Above 50
MACD: Bullish crossover
ATR: Moderate volatility
Bollinger Bands: Price near the upper band
Stochastic Oscillator: Above 70
OBV: Positive trend
News Impact: Ongoing legal actions could create volatility
Historical Data: Recent upward movement after a period of decline
Current Positions:
Open LONG Positions: 1
Open SHORT Positions: 0
What happens to Bitcoin after the U.S. election?The D-Day for U.S. elections is here, and the short-term impact of the outcome on Bitcoin (BTC) could be big.
According to the latest Bernstein outlook, a Harris win could drag BTC to $50K, while Trump’s victory could rally it to a range between $80K-$90K.
The research and brokerage firm cited Harris’s relatively hawkish stance as the reason for BTC’s $50K target.
But if Trump emerges as the winner, the analysts projected that BTC could hit a new ATH, citing the former president’s pro-crypto stance.
Amberdata, a blockchain insights firm, and asset manager Bitwise, echoed the same projection, although with slightly different targets.
According to Amberdata analysts, there could be a $6K-$8K price swing depending on who wins the U.S. elections.
This was consistent with recent action by hedge funds for potential bullish outcomes while covering for likely wild BTC price swings.
Based on BTC’s sensitivity to Trump’s odds on Polymarket, Bitwise analysts found BTC could surge 10% if Trump wins. Conversely, BTC could drop by nearly 10% if Harris wins.
That said, at press time, Deribit data showed options traders were pricing a 21% chance of BTC hitting $80K by the end of November.
When zooming out from the short-term U.S. election noise, BTC’s long-term impact has always been positive in the past three election cycles, with Bernstein projecting $200K by 2025.
Bitcoin Pumping?As before, volume is low. We should drop down to FWB:65K in order for this to be a healthy correction; then pump with better volume.
Bitcoin and altcoin overview (November 05-06)Yesterday in Bitcoin, we completely filled the sell zone of $67,500–$66,800 (the highest volume of the range). We’ve already seen initial signs of a reversal. Each new update of the local low was accompanied by delta absorption from buyers.
We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.
Sell zones: $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies).
Buy zones: $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
For TROY , we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
BTC Lower TimeFrame Target Price: HIT THE TOP!Election hype news still take control for the market, BTC likely pump hard before dump (Sell the news event) after election
BTC Possibly Going to Retest 46k-49k BTC still has momentum to continue bullish but the last few weeks seems it will going to retest 46k to 49k zone as this important levels from monthly candles structure.
BTC gaining momentum: A potential scalping opportunityBTC is gaining momentum, with a bullish divergence signaling potential upward movement. A green candle opening and closing above the 68,109 level could trigger a significant bull run.
DOWN TRENDBTC is in an uptrend on the daily time frame, an inverse FVG was closed below which could either be a pullback or a possible reversal either way we take advantage of it with a 1.5 R:R to stay on a safer side and could possibly trail our positions if the there is a more definite reversal.
Liquidity sweep was marked out as a zone where price could potentially hit , on the 1hr time frame a bearish FVG was spotted and reactions off that FVG i.e rejection to the upside which indicates bearish movement, then on the 15 mins time frame marked a price level (67,736.01) anticipating for a BOS to the downside . Then on the much lower time frames marked out potential take profit levels
Bitcoin updateCRYPTOCAP:BTC forming descending triangle thats a bearish formation, breakdown of this triangle could lead the price of bitcoin at least till 64000$ - 65000$, this down trend and this triangle clearly indicating the price are falling and will go more down. the green price box is indicating higher buying zone from where we can see a pull back to 68000$ again.
US elections matter alot and it will bring huge impact on crypto market, I jjust provide my review about the current direction of bitcoin...
My trades plans are still on short, Im ignoring alts coins and just trading in btc thats giving huge profit with less risk, I might re enter in bitcoin short from 68200$
Bitcoin Analysis Currently on the neck of the market: *make or break!*
1. The market has (in the past 8 months) perfectly followed the support and resistance level. We earlier had a breakout and it seems to be retracing for a retest on the resistance (🟡). Conversely, we have a trendline (🔵) closely following. We'd see how they hold.
2. On the fundamental part of things, the outcome of the 🇺🇸 election (<24hours) would certainly affect the market globally! Coupled with the FOMC meeting this Friday.
Sit back and watch🦦
Personally, I am unbothered by temporary price fluctuations and remain ULTRA BULLISH
Shalom😇
BTCUSDT 1H Falling wedgePossible long trade on 1 hour chart forms Falling wedge pattern.
The 1-hour Bitcoin chart shows a Falling wedge, indicating a short-term downtrend. However, a bullish divergence in the RSI suggests weakening selling pressure and a potential trend reversal. The price is near a support zone, making a potential long entry appealing, especially if there is a breakout above the upper trendline of the Falling wedge. A target could be set around 71,344, with an appropriate stop-loss placed below the support to limit risk. Waiting for confirmation of the breakout is advised to validate the long signal.
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Good look! 🚀
2x Shorting Before Bullrun after US President ElectionHave close 1 entry before with risk/reward 1:7.
So there is only 1 position left that is not TP yet, hoping to go deeper into 661xx soon, with 1:7 rr as well.
What's happend to btcHello, dear traders, due to the fact that the existing support level did not work. Currently, my analysis is that Bitcoin will do at all up to the specified levels, and at those levels, we should wait to see what happens. What scares me is that Candle The weekly closed negative and Warren Buffett is doing mischief in the market...
What happend go bitcoinHello, dear traders, due to the fact that the existing support level did not work. Currently, my analysis is that Bitcoin will do at all up to the specified levels, and at those levels, we should wait to see what happens. What scares me is that Candle The weekly closed negative and Warren Buffett is doing mischief in the market...
BTCThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy
Btc btc short btc long trump harris usa Hello guys, today I gave you the general analysis of Bitcoin and a possible scenario that if Trump does not become the president of the United States, it is very likely to happen, so pay attention to the numbers in the chart, which shows a short-term downward scenario to order block and a big rise. And also the formation of a reverse shoulder serving pattern, by the way, the condition of this happening is the failure of the support of 50,000 Tether. Good luck, don't forget to like and comment...
BTCUSDT Up trend continuationBTCUSDT has shown signs of potential consolidation after a strong retest of the all-time high (ATH), evidenced by a long-tailed bar on the weekly timeframe, which suggests buyer hesitation at elevated levels. Although BTC has broken above key highs from September, August, and July on the monthly chart—generally a bullish indicator—a deeper pullback to the 66,000 support level (September high) could occur. This retest would serve to validate 66,000 as a solid support and provide a potential entry for buyers, likely reinforcing bullish sentiment for a continued upward move. Should BTC find support here, the next target would be the resistance zone around 72,700
BTC - short position? Oh wow... that really at current moment does not look good for me. I belive we will see sharp drop and ALTS will bleed more. This liq. grab could potentialy move Solana to 120-130$ maybe even lower. DOT under 3$. Watch out! Regards.
Market overviewWHAT HAPPENED?
Last week, growth continued and the ATH for bitcoin was almost reached. At the breakdown of the important $72,000 level, a large number of liquidations and volume anomalies appeared, which stopped the price and provoked a correction. We warned about it on Wednesday in our blog on TradingView.
As a result, the market followed a lower priority scenario and absorbed all of last week's growth.
WHAT WILL HAPPEN: OR NOT?
At the moment, we've bounced off the upper limit of the volume zone of $67,500-$66,800 (the maximum volume of the sideways), but we haven't yet observed a signal for a full-fledged reversal. Resistance zones are formed above, from which we're likely to receive another wave of sells.
A deeper filling of the support zone is expected this week. In the absence of a reaction, the decline will continue.
According to the concept of wave analysis, we are still in an uptrend, but the volume zones above call into question the scenario with a rapid recovery, so we are postponing the opening of long positions for the time being.
Buy zones: $67,500-$66,800 (maximum volume of the range), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Sell zones: $70,000-$71,300 (volume zone), $72,000-$73,000 (zone of volume anomalies).
IMPORTANT DATES
The week promises to be interesting, several important events are ahead — the US presidential election and the publication of the decision on the interest rate of the US Federal Reserve. Increased volatility is possible ❗️
Macroeconomic developments this week:
Tuesday, November 5, 10:00 (UTC) — US presidential election;
Tuesday, November 5, 14:45 (UTC) — publication of the index of business activity in the US services sector for October;
Tuesday, November 5, 15:00 (UTC) — publication of the ISM Purchasing Managers Index for the non-manufacturing sector of the USA for October;
Thursday, November 7, 12:00 (UTC) — publication of the decision on the UK interest rate;
Thursday, November 7, 13:30 (UTC) — publication of the number of initial applications for US unemployment benefits;
Thursday, November 7, 18:00 (UTC) — publication of the US Federal Reserve interest rate decision;
Thursday, November 7, 19:00 (UTC) — publication of the FOMC statement;
Thursday, November 7, 19:30 (UTC) — FOMC press conference.
*This post is not a financial recommendation. Make decisions based on your own experience.
