Bitcoin buy 86500Bitcoin declined to test blue support SCD band on 1hr.
On 5 minutes breaking through resistance ma.
Buy 86500
With to around 89500
BULLUSD trade ideas
Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD
Multi-Timeframe Analysis
Current Price: 71,149.92
Bullish Indicators
• Cup and Handle Pattern
• Descending Broadening Wedge
Key Levels
• Strong Pivot Level: 62,500
• Ultimate Resistance: 75,000.00
• Primary Price Target: 90,000.00
Cup and Handle Pattern (Weekly Chart)
On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend.
Descending Broadening Wedge (Daily Chart)
Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle.
Monitor Key Support and Resistance Levels:
The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case.
Resistance Checkpoints:
Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00.
Happy Trading!
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BTC - 4H fall for nowWhen it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s possible that we’re setting up for a correction rather than a sustained rally.
Historically, markets tend to pull back when optimism reaches a peak. For example, in 2017, as BINANCE:BTCUSD neared $20,000, the market sentiment was overwhelmingly bullish, yet that’s when BTC took a sharp downturn. Similarly, in early 2021, when Bitcoin was approaching $64,000 with much hype around institutional buying, we saw a significant correction that shook many investors.
In this context, the chart here shows MARKETSCOM:BITCOIN touching a strong resistance zone around the $76,000 level. With sentiment bullish and many expecting a breakout, BINANCE:BTCUSDT may likely trap some of this optimism and head lower first to “clear out” the overly crowded long positions. This potential pullback could lead to a more sustainable rally later after the excess sentiment has cooled.
Btcusd Confirm Sell Bitcoin price hit a new all-time high of $76,825 on Thursday, November 7, and continued to consolidate above the $76,000 level on Friday.
On-chain data trends show unusually high demand for BTC among US-based traders on Coinbase over the past two weeks.
Bitcoin $150k target by Nov 2025, if up channel holdsLooking at a logarithmic chart of BTCUSD on a weekly basis, we can see an ascending non-equidistant channel that bitcoin has been following where it has just regained the middle line of the channel with the recent move to $80k, a major psychological level that could switch between support and resistance in the coming months, and with $150k price target within reach if BITSTAMP:BTCUSD can hold this channel over the next 12 months.
BTC correction to 76K is likely. Im expecting a correction towards 76K very soon, where is a good opportunity to rebuy BTC. 76K represents the last point of control, from which this move has started and will be most likely defended by buyers. This is not a sell idea, please do not used it like this. Also do not enter blindly at 76K. Wait for a reaction instead, CHOC, BOS and volume spike. Then enter to the trade and set SL. The best way how to enter is use a retest of the important level. Otherwise you can enter based on the pullback(of the falling price) , which will lead to loosing trade. If the retest holds, that is the time when to enter. Wish you good luck.
BTCUSD Bull run cool down or Or Bull run end.As usual I posted what I think is going to happen, I do not think it's the end of the bull run others are speculating $80k will be the new all-time high and I hope it is, but we will see. So far this is the chart I have I have closed all of my other positions and made a good amount of money.
Again, I am paper trading so no not real money yet. But I think it will pull back tomorrow unless there is a major breakout where people buy nonstop. Remember to always be aware of reversals they happen all the time in the markets. So, keep your eyes open and don't make dumb bets because you came late to the party. Essentially don't get left holding the bag.
It happens all the time people here the news to late and try to get in when the market is at the top. If you look at the chart at the red EMA line that where the price always returns to before it takes off or does a full reversal and I think there is a safe amount of space to speculate a pull back. Remember if you're going to play, play smart. Thats all I got for you this evening I just woke up from a nap and I have to eat dinner if I get back on later maybe I will see what else there is.
Also, This is a daily chart I like the daily, but don ever forget to watch other time frames, Popular ones are week and monthly, 4 hours, 1 hour, 30 minutes, and 15 minutes. I don't know if the psychos that trade on minute frames or second frames are legit I don't have that type of money lol.
BITCOIN BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 71,032 level area with our short trade on BITCOIN which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
BTC - Long set up, sweet and reclaim 85200 area, target 98kWave count update on Bitcoin.
Currently believe located within a wave 5th wave, in the third wave of that 5th currently, which I belive will terminate ataround 98k, with a wave 4 correction to follow to low 80ks, before basing a pushing to 110-120k.
Bitcoin (BTC/USD) Technical Analysis: 1-Day TimeframeWyckoff Accumulation: The chart highlights a potential Wyckoff accumulation phase, characterized by sideways price action within a defined range. The current price action indicates the market may be in the final stages of this phase (Phase B), known as the "Spring" or "Test." This phase often involves a final shakeout of weak hands before a significant upward move.
Support & Resistance: A crucial support line formed from the "AR Distribution" and a potential "Failed New Low" around the $52,500 level provide a strong base for a bullish reversal. The price recently bounced off this support zone, further strengthening its validity.
Resistance Breakout: The "Resistance Line" derived from the "BC Distribution" poses a critical level to watch. Breaking above this resistance, currently around $81,186, would confirm a bullish breakout and signal the start of a new uptrend. This breakout would also align with the completion of the Wyckoff accumulation phase.
Target: If the bullish scenario plays out, the price target based on the chart's projections lies around $85,034, representing a 1.5x move from the current price. This target aligns with the potential "High of a Range" within the larger Wave 5 structure.
Expectations for Next Two Weeks:
Short-Term Consolidation: In the immediate term (1 week), we might witness consolidation or a slight pullback as the market gathers momentum for a potential breakout. This consolidation could occur within the current range, above the crucial support zone.
Breakout and Uptrend: In the following week, we could see a decisive break above the $81,186 resistance, confirming the bullish outlook and triggering a new uptrend towards the $85,034 target.
Failed Breakout: Conversely, a failure to break above the resistance and a subsequent drop below the support zone could invalidate the bullish scenario, potentially leading to a deeper correction.
BTCUSD Ideas on Daily Time Frame
Hello everyone! Here's my ideas for BTCUSD on Daily time frame.
But broke the consolidation zone and I am expecting it to do continuation to fully formed the pattern ABCD. Let's see how it goes!
Road to 94,000$ ?
shortbtc always gain momentum now it has reach its highest peak watching it closely it shows the slowdown it may fall a bit
Bitcoin Breaks or Fakes? Eyeing the $79K Target!🚀💥 Bitcoin Breaks or Fakes? Eyeing the $79K Target! 💡💰
Hey everyone, it's been a while! If you've missed my voice, let's dive right back into it and see what Bitcoin has been cooking up. The BTC price has been flirting with the $66,320 level, hitting it for the sixth time now, as seen on the descending channel. Historically, the third and sixth attempts have shown the highest chances of a breakout, so is this the moment we’ve been waiting for?
If Bitcoin does break out this time, we could be looking at a potential rise to $79,000. While there are some mild resistances around $69K, $70K, and $71K, the major target remains $79K.
The exchange reserve data shows a significant drop, indicating fewer people are moving Bitcoin to exchanges to sell—an encouraging sign that could be pointing toward a potential rally to new highs.
Zooming into the 15-minute chart, we’ve seen two rejections after hitting resistance. However, the third attempt, if successful, could trigger the next leg up. On the downside, we have solid support at $65,322 that has been tested, and buyers seem ready to jump back in below the $60K mark.
I’m bullish on Bitcoin and keeping an eye on this breakout. If it happens today, we could be well on our way to $79,000.
Let me know your thoughts in the comments below! I’ll keep you posted on the latest developments.
One Love,
The FXPROFESSOR 💙
Long the pull backBitcoin has had a neck breaking run up. It caught most people by surprise. I would say most people assumed bitcoin would pump if Donald Trump got elected and that narrative played out. I myself did not expect such a massive rally. It seems that we now have some structure building. We touched 90k on some exchanges. I think its reasonable to assume we get a pullback to the golden pocket which also aligns with the CME gap. This area also coincides with a high volume node.
If price gets around that 80.4 to 77.8 area. this is prime long opportunity. Mark it on your charts and be prepared to mash the gas on longs in this area.
If this plays out its not a bearish case. So please keep in mind a pullback like this would not make things bearish it would simply be playing liquidity to liquidity.
Good luck fellow traders i hope you kill it.
BTC/USD: Low Volume Hints at Bearish ReversalTechnical Overview:
1. Primary Ascending Channel: BTC/USD is trading within a long-term ascending channel, indicating an overall bullish trend that has persisted over multiple years. This channel’s upper boundary has now become a critical resistance zone around the $92,805 level.
2. Historical ATH Levels:
BTC reached all-time highs (ATH) in April 2021 and November 2021 within a bullish channel. The price then experienced a bearish breakout from this channel.
The most recent ATH in November 2024 is near $92,805, aligning with the upper resistance zone of the primary ascending channel. This level serves as a significant barrier to further bullish momentum unless a breakout occurs.
3. Volume Trend:
The chart highlights a diminishing volume trend since previous highs in 2018 and 2021. This lower volume indicates weaker buying interest, which often precedes a potential reversal or significant correction.
A notable observation is that low volume, as seen here, could signal an impending strong bearish move due to insufficient support to sustain higher prices.
4. Key Observations:
- Bullish Scenario: To confirm the bullish trend, BTC/USD needs to break above $93,000. A sustained breakout beyond this level could signal a continuation of the uptrend.
- Bearish Scenario: Failing to break above $93,000 could lead to a pullback towards the pivot area near $71,000 and $49700. The low volume trend suggests a strong bearish move may be imminent if BTC/USD cannot sustain its current position near the resistance zone.
5. Trend Outlook:
Consolidation: BTC/USD may consolidate within the resistance and first support line zone, allowing the market to gather momentum for a potential breakout.
Bearish Bias: Given the low volume and historical pattern of corrections following ATHs, a bearish move toward $71,000 and $49700 is plausible if resistance at $93,000 holds.
Conclusion:
BTC/USD is at a critical junction. The resistance level at $93,000 is key to continuing the bullish trend within the primary ascending channel. However, the diminishing volume suggests caution, as failure to break this resistance may lead to a bearish correction toward $71,000. Traders should monitor these levels closely for breakout confirmation or signs of reversal.
Bitcoin monthly analysisBitcoin will have targets with a price higher than $80,000, and as I stated in the previous analysis, Bitcoin will have to suffer and be priced steadily for 6 months, but at the end, we are close to it at this moment. , the price will increase, in this analysis, I target $74,000 to $75,000 for the first price increase.
Sasha Charkhchian
BTC to $125kHype is growing. $100k will be the strong level, where a lot of buyers will jump out. And will jump in again above $100k. At that point I will be selling into the the terminal distribution in the wave 5/(5)
BITCOIN BULLISH TO $77,000 (UPDATE)Bitcoin has finally smashed our $77,000 (Wave 5 Major) target like I said would happen back in September & created a new all-time-high🦾 Well done to everyone here who got into this move from my free analysis!
Unfortunately my buy position got stopped out at breakeven as you all saw, then price went back up again. But that's fine because the main thing is Bitcoin analysis was correct & played out accordingly to my Elliott Wave Theory strategy🙌
BTCUSD ShortAnalysis given on chart. I highly suspect btc won't go above that as it would have to touch 1.8 Trillion market cap.
This is not a financial advice.
Crypto Prices Rally After US Election ResultsMarket Update - November 18, 2024
Donald Trump secured presidential win: The news is widely seen as a boon to the crypto space because of Trump’s pro-crypto policies. Bitcoin prices hit an all-time high.
Solana reached a record 123 million active addresses in October, up over 42% from September: The network’s user engagement is now reportedly surpassing that of Ethereum by some measures.
Spot bitcoin ETFs in the US reported $541 million in outflows on Monday, marking their largest daily decline since May: But they charged back on Wednesday to make up for the losses, pulling in more than $621 million.
Lawyers for Binance and ex-CEO Changpeng Zhao have filed a motion to dismiss an amended SEC complaint: The motion argues that the SEC has failed to provide standards for defining crypto securities.
Mt. Gox transferred roughly $2.19 billion worth of BTC to unknown wallets on Monday: The move follows a recent repayment delay announcement, with creditors still awaiting funds from the exchange’s 2014 collapse.
Trump Wins Presidency After Securing Every Swing State
Donald Trump was re-elected president of the United States this week, defeating vice president Kamala Harris by securing the 270 votes needed to win the electoral college.
The win is widely seen as a positive for the crypto ecosystem. Over the past few months, Trump has pledged his support for digital assets. In July, he spoke at the Bitcoin Conference in Nashville, promising to set up a national strategic bitcoin reserve and to fire SEC chair Gary Gensler, who has filed numerous lawsuits against a range of cryptocurrency exchanges. Additionally, Trump recently launched World Liberty Financial, a DeFi company that plans to sell $30 million in tokens.
Meanwhile, Harris never took an official policy stance on regulating crypto. And as vice president, the Biden administration largely had a hawkish stance against crypto companies, with Gensler taking a regulation by litigation approach that largely alienated an asset class that has become increasingly entrenched within traditional finance.
The price of bitcoin hit an all-time high this week, surging to more than $76,500 by Thursday afternoon. The crypto ecosystem received another boost earlier in the day when the Federal Reserve said it would cut interest rates by 25 basis points, bringing the target range to 4.5%-4.75%.
Solana Hits Record 123M Monthly Active Addresses Amid Memecoin Boom
Solana achieved its highest monthly count of active addresses in October, reaching over 123 million, marking a notable increase from September’s figure and showcasing a recent surge in user activity. Analysts have attributed the growth to the popularity of memecoin trading, spurred by platforms like the token creation app Pump.fun.
Some industry reports have also been highlighting Solana’s rising engagement levels, noting there are over 100 million active addresses compared to Ethereum’s 57 million. Additionally, the rise of AI-linked memecoins have reportedly led to this increased activity.
With Solana designed as a lower-cost network in comparison to other smart contract compatible chains, this may be playing a role in increased engagement as well, as innovators have difficulty accepting comparatively expensive Ethereum gas prices.
🎈 Topic of the Week: Helium Network (HNT)
🫱 Read more here
Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
Bitcoin Has Potential Bearish Divergence After ATH
Things continue to look generally bullish, with Bitcoin closing well above its previous all-time high yesterday. The day also saw the largest bullish volume since that previous high, which confirms the breakout.
That said, there are signs we could see a pause. The 12-hour chart just confirmed overbought bearish divergence, which may also appear on the daily chart. However, it’s not confirmed yet; we’ll need a close with a lower high on the RSI, which is about 12 hours away.
No one should be surprised if we take a breather after such a huge move.
