#long_btcThe breaking of the very reliable trend line, stabilization on this trend line, for the primary target, the highest ceiling can be set, and for the upper targets, according to the moving legs, up to 80,000 can be targeted.
#BTC #LONG_BTC
BTCUST trade ideas
BTCUSDT Near Key Resistance – Another Rally Ahead?BTCUSDT is currently trading around a high of 72,890 USDT, with prices surging since its last breakout from the downtrend at 68,700 USDT.
The coin is gaining strong momentum due to several key factors:
Expectation of a Bitcoin Spot ETF in the U.S.: Investors anticipate that the SEC will approve a spot Bitcoin ETF soon, paving the way for institutional inflows.
Positive Sentiment Ahead of the U.S. Elections: Economic policy uncertainty has led investors to view Bitcoin as an alternative asset for value preservation.
Interest from Major Financial Institutions: Growing interest from top financial institutions is boosting confidence and demand for Bitcoin.
From a technical and indicator perspective, BTCUSDT is approaching a critical resistance level. If it successfully breaks through, another strong rally could be on the horizon!
Crypto Frenzy: Elon Musk's Impact on Bitcoin and DogecoinCryptocurrencies are skyrocketing just 7 days before the presidential election, and many people are wondering why. The answer, which should come as no surprise, is of course, Elon Musk.The reason is a perfect storm of sorts. Musk’s increased prominence as he campaigns for Donald Trump, his recent comments about cryptocurrency, and his potential role in a Trump administration (should Trump win) are all driving up the price of Bitcoin as well as Dogecoin and a number of other meme coins.Dogecoin, a favorite of Musk’s, was up 9.7% on Tuesday. This comes after the tech billionaire said at a Trump political rally in Pennsylvania that he’s not “actively involved” in crypto: “I just like Dogecoin.”
The billionaire founder of Tesla and Space X and owner of X has a long history with Dogecoin, which he first promoted in 2021 on Saturday Night Live, causing the price to spike, only to plunge afterward. (The meme coin’s price has gone up and down based on Musk’s comments since.)Musk, who has been actively campaigning for the Republican nominee and raising money for Trump, has also said he would be heading the Department of Government Efficiency, dubbed DOGE, if the former president is elected. That has also contributed to the frenzy, leading to a more-than-20% gain in Dogecoin over the past seven days, and 33% over the month.
Meanwhile, Bitcoin, which is the largest cryptocurrency by total market capitalization, was up over 4.4% on Tuesday, seemingly swept up in the excitement. It’s now trading just short of its March record high.
Bitcoin Next TargetHello.
After a long time , i have a super prediction for you...
Now BTC hit a new ATH , So this is due to breaking a diagonal channel and pullback to the upper line.(Yellow channel on the chart).
In addition , if we take a look at USDT dominance chart we see a breakout of a longterm channel and a trendline.so it will be reach about 3.90% - 4%.
In my opinion and according to wave analysis , the shortterm target for BTC is 86000$ and the long term target is 106000$.
thanks for reading my opinion.
wish you to Have good investments.
BTCUSDT|SHORTI think its good short setup with a tight sl use money management and its just my idea its not a signal ..
Correction Dynamics | How Long Will It Last?Correct me if I am wrong, the question right now is about the correction, right?
How long will it last, how will it develop; what are the dynamics, what can we expect?
These are good questions and we have some data on the chart that can help us build some approximations.
Since March 2024, Bitcoin's ATH and the end of the last major bullish impulse, we had mainly three down-moves as part of a big distribution phase.
1) From 11-March through 29-April; 49 days, 7 bars.
2) From 3-June through 1-July; 28 days, 4 bars.
3) From 29-July through 2-September; 35 days, 5 bars.
3a) A variation would be from 29-July through 5-August; 7 days, 1 bar.
If we add all these three together: 49, 28 and 35 days we get 112, divided by 3 gives us 37 days. This would be the average duration for each correction this year.
Another way is to count from 11-March through 5-August; 147 days, 21 bars (weeks). We can divide this by the Fibonacci golden ratio and see what number we get. 91 days. Too long.
Divided by 2.618 we get 68 days and by 3.618 we get 40 days. Too long, too long, too long, too long.
Let's try finding a more suitable number using variation number two for the third down-move of the corrective phase. Let's add 49, 28 and 7. This will give us 84, divided by 3 and we get 12.
A 12 days correction, similar to early August, would put us at 10 November, around this date.
What do you think, are these methods any good or should we dig deeper?
It would be a flash crash but this is the only way that is possible, the drop tends to develop much faster than the rise.
Bitcoin went up for 16 months, between November 2022 and March 2024. A correction would unravel 2-2.5 faster than the rise, which would translate into 6.4 to 8 months.
We are already beyond 6.4 months. 8 months would put us at 14 November, give or take a few days, and 14 November is very close to the 10-12 date which just came up with our random calculations.
Just considering different scenarios, let's say that the correction will hit bottom by mid-November 2024. After that, slow but sure long-term growth.
Thanks a lot for your continued support.
Namaste.
Check support near 68393.48
Hello, traders.
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Have a nice day today.
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(BTCUSDT 1D chart)
The key is whether it can quickly rise to the 68393.48 area.
The next important support and resistance point is the 65920.71 point.
Therefore, if it continues to fall, we need to check support near 65920.71.
This volatility period is until November 5th, and the next volatility period is around November 10th (November 9th-11th).
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BW indicator is an indicator that comprehensively evaluates MACD, StochRSI, OBV, and ATR indicators.
Currently, the BW indicator has touched the 50 point.
Therefore, when the BW(50) point is created, you can conduct an aggressive transaction depending on whether there is support near it.
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StochRSI indicator has completely entered the oversold zone.
In addition, StochRSI EMA appears to have fallen below the 50 point zone.
Accordingly, you need to check where the StochRSI indicator is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA.
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In order to complete the pull back pattern, the uptrend must be maintained.
Therefore, the uptrend of the linear regression channel must be maintained.
To do so, you can see that the price must be maintained around 65920.71 or higher.
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To summarize the above, in order to maintain and continue the uptrend, the price must be maintained above 68393.48.
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Have a good time.
Thank you.
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- Big picture
The real uptrend is expected to start after rising above 29K.
The expected range to touch in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTC conclusionAnalysis by Ahmadarz📊
Key Observations:
1. Support Zone:
- 🛡️ A significant support zone is marked around 48,987.22, which has been tested multiple times as indicated by the green arrows.
- 📈 The price has recently bounced from this support, suggesting strong buying interest in this area.
2. Resistance Levels:
- 🚧 Multiple resistance levels are identified at 58,312.00, 62,497.20 - 62,454.00, 68,067.36, 71,773.98, and 76,514.94.
- ❌ These levels are marked with red arrows and have historically acted as barriers to upward movement.
3. Chart Patterns:
- 📉 A descending triangle pattern is evident, typically a bearish pattern. However, the price has broken below the triangle but then recovered, indicating potential bullish momentum.
- 🔄 The chart suggests a possible bullish reversal, with the price projected to move upward after holding above the support zone.
4. Price Action:
- 💹 The current price is 55,530.01, showing a recent recovery from the lows.
- 📊 There is a marked projection showing a potential upward move towards 76,514.94, passing through intermediate resistance levels.
Detailed Analysis:
- Bullish Scenario 📈:
- 🟢 If the support at 48,987.22 holds, the price could see a gradual move upwards.
- 🎯 Immediate targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00.
- 🚀 A successful break above these levels could lead to further upside towards 68,067.36 and beyond.
- Bearish Scenario 📉:
- 🔴 If the price fails to hold the support at 48,987.22, we might see a retest of lower levels, potentially around 43,103.08 or even lower.
- ⚠️ Failure to maintain above this critical support could indicate continued bearish pressure.
Trading Strategy:
1. Entry 🛒:
- Consider entering long positions near the support zone of 48,987.22 with a stop loss slightly below this level.
- Alternatively, wait for a confirmed break above the immediate resistance at 58,312.00 before entering a position.
2. Targets 🎯:
- Initial targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00.
- Extended targets could be 68,067.36 , 71,773.98, and ultimately 76,514.94.
3. Stop Loss🛡️:
- Place stop-loss orders below the support zone at 48,987.22 to manage risk.
Conclusion:
📊 The chart suggests potential bullish momentum if key support levels hold, with several upside targets. However, traders should remain cautious and watch for any signs of weakness at the support levels. External factors and market sentiment should also be considered in conjunction with this technical analysis. 🚀📉💡
BITCOIN's Meteoric Rise Targets New Highs – Massive Gains AwaitBITCOIN Analysis:
Bitcoin (BTC) has continued its upward trajectory, hitting initial targets TP1 and TP2, with TP3 and TP4 in sight. This bullish momentum aligns with recent market developments, showing signs of further growth potential.
Key Highlights:
Price Action : BTC has breached significant resistance levels, marking strong bullish activity on the 1D timeframe.
Targets Remaining: With TP1 ($68,220.2) and TP2 ($73,980.5) already achieved, Bitcoin's bullish push looks set to challenge TP3 ($79,740.9) and TP4 ($83,300.7).
Supporting Factors:
Market Cap Surge : Bitcoin’s market cap returned to the top 10 global assets, driven by a recent spike to $75K.
Liquidation Event : A single trader was liquidated for $75M on Binance during Bitcoin's latest surge, highlighting heightened market interest and volatility.
Technical Indicators:
The Risological Dotted Trendline shows a strong upward inclination, adding to the bullish outlook. If BTC continues on this path, TP3 and TP4 could be within reach soon.
This setup signals promising profit opportunities as Bitcoin continues to capture massive interest worldwide. Keep an eye on the remaining targets as BTC pushes towards new potential highs.
BTCUSDT Strong Bullish Channel!BTCUSDT (Day Chart) technical analysis update
BTC price is breaking the channel resistance on the daily chart after 220 days of formation. The price is trading above both the 100 and 200 EMA, indicating a potential bullish move in the coming days. My next target is $100K. This is a perfect positional trade with a risk-reward ratio of 1:5."
Buy level: Below $66,000
Support: $58,500
Regards
Hexa
BITCOIN Update !!The latest BTC/USDT chart update shows a significant zone marked as a "extreme zone" around the 64,000 - 65,000 level, highlighted in red.
This red-highlighted zone around 64,000 is being emphasized as a strong support level. If the price retraces to this area, BTC may find buying interest, potentially providing a solid base for a rebound.
The upper orange bar, near 72,000, represents a major resistance level. If BTC reaches this level, it may face selling pressure unless it can break above decisively.
The green arrow suggests a bullish outlook after a possible pullback to the strong support zone. This scenario implies that BTC could rebound from the 64,000 zone and make another attempt at breaking above the 72,000 resistance.
In summary, BTC appears to have a key support at 64,000, which could act as a pivot point for the next upward movement. A failure to hold this zone, however, might indicate a shift in momentum.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
#BTC $BTC if anyone is interested#BTC trade idea in case anyone needs it.If TP hits before entry,Trade will be invalid.
BTC-quick scalpAlthough it is showing in 15min time frame, but my analysis in 1min time frame is giving me a chance to go long here for a quick scalp on BTC.
BTCUSDT.P What is this mini pump about? Hello everyone!
It's U.S. election day, so I’ll keep this one short so you can enjoy the election show!
We’re looking at **BTC** on the 30-minute timeframe.
It doesn’t look too good.
Bitcoin continues to fall?Considering the resistance in the range of 69087, after the failure of this area, it can be expected that the range of 69897 and 70773 will continue to rise. Otherwise, the support range of 68016 will be broken Expect a fall to the range of 67229 and 66449
WHAT IS BITCOIN DOING? MY NEXT TRADES For my next play, I am watching for CONTINUATION LONG and deviation shorts in the internal leg down.
For any of these plays, I want to see a flip in structure on the 5 - 10 minute chart or higher before entering. Let’s be ready! We have had a few false moves lately so be careful.
Make sure to follow for regular updates and insights! 🔔💡
🔔Enquire for 121 lessons / academy
#500FOLLOWERS 🎉 #500GIVEAWAY 🎁
BTC chaos aheadShorters gonna get rekt, so will the buyers. Be careful ! So many good buy opportunities will present themselves on Alts... Maybach money otw
BTC/USD: UPSIDE PROJECTIONSBTCUSDT D1 has broken the upper trendline of the Descending Broadening Wedge pattern, showing signs of a bullish continuation. It may be setting up for a retest within a key Fibonacci cluster before potentially pushing higher. The next targets are around the harmonic resistance levels at 80,328 and 89,066. Immediate support is at 65,260, with a stronger base at 49,000.
Beware the Shooting Star on the weekly!We just ended the week printing a Shooting Star, which means serious selling pressure and likely reversal to the downside is incoming. If you are buying here you kamikaze and will likely get badly trapped. Expect BTC and all of crypto to decline in the coming weeks. I'm a short a bunch of alts and already in terrific profit, especially in POPCAT and BCH.
Good luck.
BTC/USDT.P UpdateIf we ignore the election, we had a bearish weekly candle close this past week so I anticipate a sizeable pull back. If we considering election effects, usually the election week is bearish and then an unconditional rally comes soon after; typically it will last till the end of the year. If this pattern holds true, I would personally hedge a trade to profit on both sides. I'm still long term BTC bullish, but this week, I will consider shorting to hedge against my longs. I have marked a few places where I would take TPs on the short and DCA for my longs for you to reference. Trade safely! @Nate Alert
New CME GapThe last two CME Gaps got filled but this Sunday a new one came out. So Monday morning we will see another gap, unless BTC rises up back to 69400 to fill it itself before CME Chart continues. If not, we should see BTC back to 69000+ to fill the gap!
BTC TO 99K OR MORE?Its indeed UPTOBER, BTC Broke the Trend to the upside, I'm excited to see this progress and US Election is on the way. This will be the era of the Crypto Elections. Lets see how this unfolds.
BTCUSDT: Bullish Trend (AB=CD Pattern)BTC is moving uptrend and currently its forming AB=CD Pattern without any bearish trend and fundamental base BTC is also bullish trend So we will wait for the break of the previous HHs for the confirmation of the Bullish trend so we will take a long trade with proper Risk Management.
