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BULLUSD trade ideas

Bitcoin's Bullish Path: Monthly Inverse Head and Shoulders BreakBTCUSD's monthly chart has confirmed an inverse Head and Shoulders breakout, suggesting a potential bullish surge in the coming months. The breakout above the neckline around $70,000, supported by significant volume, aligns with a price target of over $300,000, representing a potential 300% gain. This setup highlights a possible major uptrend, with Bitcoin aiming for new all-time highs. Traders should watch for a successful retest of the neckline to confirm bullish momentum. If BTC maintains support above this key level, the path to $300,000 may unfold, marking a pivotal bullish phase for Bitcoin.
BITSTAMP:BTCUSDLong
by anisKr25
Bitcoin, BTC, Large Footprints say Higher Sir. Once you see this, it can't be unseen... How do large players build large positions? They shake you out and take yours. Think about it; where do you place your long stops? below the previous low? perfect. See what the large players did here? they kept the shorts in play, while running the long stops 4 times, each time stopping out your longs and building their longs. What happens next? maybe one last little shake.. then send it. shorts need to cover and now sidelined players need to enter new positions, all adds fuel to the long. This is a bull flag re-accumulation pattern. But think bigger, as fiat currency continues to inflate, your purchasing power continues to melt like an ice cube... that makes this is a long term trade. The Trade? Do everything you can to acquire as much spot Bitcoin as you can, then diamond hand it as long as you can. This is going much higher. Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance. See the linked chart for those targets. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BITSTAMP:BTCUSDLong
by TribeWriter666
Cup & handle and Bullflag have much higher target on logchartHere on the monthly logarithmic chart we can see both the cup and handle and the bull flag that Bitcoin is starting to break upwards from. Both of these patterns are also very much so valid on the linear chart as well, but as usual, the logarithmic version of these patterns has a much higher ensured move target for their breakouts. While there’s a probability we could hit these higher logarithmic targets during this bull ru, often times the logchart patterns take considerably longer to hit their full targets than the linear charts patterns, so there’s also a chance these targets especially the higher cup and handle target could not get hit until next bull run as well. I will go ahead and follow this chart up with the linear version so people can see the contrast between the breakout targets on both styles of chart. Much higher probability we can hit both of these patterns linear chart targets this bull run. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
BTC: Dips are for buying?Bitcoin prices are on track toward the 86k target we mentioned a couple of days ago, following the triggering of a double-top pattern. Of course, we should not rule out volatility in the short term, and the critical level to watch now is 66,575. Above that level, traders are likely to buy on dips. What's your take on Bitcoin? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSDLong
by ThinkMarkets
When to Book Profits in Bitcoin?Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months. Regards Hexa
CRYPTO:BTCUSD
by HexaTrades
4
Mt. Gox Moves $2.2 Billion in Bitcoin Amid Repayment DelaysMt. Gox, the once-dominant but now-defunct Bitcoin exchange, made waves by transferring 32,371 CRYPTOCAP:BTC —valued at approximately $2.2 billion—to unmarked wallets. The timing of these movements is critical, given the already volatile landscape surrounding Bitcoin and ongoing uncertainties related to the upcoming U.S. presidential election. Mt. Gox Transfers 32,371 BTC to Unmarked Wallets Blockchain analytics firm Arkham reports that Mt. Gox has executed a massive transaction, moving 32,371 BTC to two unidentified wallet addresses. This event stands as the largest transfer from Mt. Gox in recent months. Specifically, 30,371 BTC went to a wallet labeled “1FG2C…Rveoy,” while the remaining 2,000 BTC was directed to a separate wallet named “1Jbez…LAPs6.” Additionally, an internal movement of 2,000 BTC between cold wallets suggests ongoing asset reorganization, likely in preparation for creditor repayments. This is not the first time that Mt. Gox has moved funds, as smaller transfers were observed last week. However, this latest transfer's scale has piqued market watchers' interest, sparking questions about its timing and the potential impact on the Bitcoin market. Repayment Delays Extended to 2025 The transfer comes on the heels of Mt. Gox announcing a delay in its repayment schedule. Initially set for October 31, 2024, the deadline has been postponed to October 31, 2025, following approval by a Japanese court. This extension gives the Mt. Gox Rehabilitation Trustee more time to sort out repayment plans, which many investors see as a temporary relief. However, there is lingering concern about the eventual release of a large volume of Bitcoin into the market, which could exert significant downward pressure on CRYPTOCAP:BTC prices if creditors decide to sell their holdings en masse. Market analysts are wary of how these delays and large-scale transfers could impact the broader cryptocurrency ecosystem, especially as repayment announcements from Mt. Gox have historically triggered market volatility. Market Reaction and Election Uncertainty The market's response to Mt. Gox's Bitcoin movements has been mixed. Some investors fear that the impending distribution to creditors could lead to substantial sell-offs, pressuring Bitcoin's price downward. These concerns come amid broader geopolitical and economic uncertainty, compounded by fluctuations in the U.S. presidential race. Bitcoin’s price has already experienced a 7% dip last week, largely attributed to uncertainties surrounding the U.S. election. Speculation is rife about potential regulatory changes, with some traders anxious about a Kamala Harris presidency, given her largely undefined stance on cryptocurrencies. Conversely, a more crypto-friendly administration could spur optimism among investors. Technical Outlook Despite these concerns, Bitcoin ( CRYPTOCAP:BTC ) has shown signs of resilience. As of now, BTC is trading up 1.53%, with an RSI of 54.82, signaling moderate bullish momentum. The daily price chart also indicates a bullish engulfing pattern forming, which is often a precursor to upward movement. Furthermore, a golden cross—a bullish technical signal where the 50-day moving average crosses above the 200-day moving average—is slowly materializing. Bitcoin’s immediate support lies between the $64,000 to $65,000 pivot range, and a short-term correction could be on the horizon. However, we are eyeing a potential surge to $75,000, with optimistic projections even stretching to $100,000, assuming bullish catalysts materialize. These factors include institutional inflows, market sentiment shifts, and broader acceptance of Bitcoin as a store of value amid economic uncertainty. What Lies Ahead Bitcoin’s trajectory is shaped by both macroeconomic elements and crypto-specific news. The Mt. Gox repayment delay has provided a reprieve, albeit temporary, preventing a massive influx of CRYPTOCAP:BTC into the market. Additionally, geopolitical events, such as the U.S. presidential election and looming concerns about regulatory shifts, add layers of complexity to Bitcoin’s outlook. Investors should also consider Bitcoin’s role as a hedge against inflation and geopolitical instability. As traditional markets brace for election-related volatility, Bitcoin’s status as "digital gold" may attract more attention, driving up prices. However, this is contingent upon market sentiment remaining favorable and no significant sell-off events—such as a large-scale release from Mt. Gox creditors—materializing. Conclusion Bitcoin’s road ahead is fraught with both challenges and opportunities. The Mt. Gox transfers and repayment delays have introduced another layer of complexity, while the upcoming U.S. presidential election adds to the uncertainty. Yet, technical indicators suggest that a bullish trend could be on the horizon, provided the market can weather short-term corrections and external shocks. As always, the crypto landscape is ever-changing, requiring both patience and mental fortitude from investors. The coming weeks will be pivotal in determining Bitcoin’s trajectory, and all eyes will be on key resistance and support levels as the market digests these developments
COINBASE:BTCUSDLong
by DEXWireNews
2
Bitcoin Full InterconnectednessIn fractal analysis the randomness of price levels can be justified with the chart's historic HL coordinates. We'll use the old structure below as a base for further cycle breakdown. There are another two fib lines derived from angled trends, the fibs of which rhyme with chaos behind price action and cycle formation: Steep fibs determine timing of high volatility change: Note that they rhymed with other fib local wave measurement: 2013 ATH ⇨ Covid19 low related to pre-covid local high determines exact levels of support and resistance during the correction of pandemic fueled bullrun What also deserves attention here is that direction of fibs which acted as support around 2019 and covid19 drop produces curve which mimics the support levels of 2023 growth. So crossing below the support curve would be seen as first sign of bear market. Till that it has a time for growth justified by chart-based parabolic curve. 2 fibs derived from chart shows a decade of price & time interconnectedness which adds validity of the colored base structure. This is important for scaling the fractal and estimating the boundaries of growth distinctive to the historic cycles.
BITSTAMP:BTCUSD
by fract
5
**Bitcoin Daily Chart Analysis: Potential Pullback Ahead**Bitcoin’s daily chart shows a strong bullish trend after breaking out of a descending channel, now trading within a new ascending channel. The price is currently above both the 100-day and 200-day SMAs, indicating solid upward momentum. However, Bitcoin is nearing the upper boundary of this channel, suggesting a potential pullback could be on the horizon. Key support levels to watch are the 100-day SMA and the channel's lower boundary. If these hold, Bitcoin could resume its uptrend. A breakout above the upper channel line, however, might signal a new rally. Stay tuned to see if Bitcoin holds these crucial levels! Upper Boundary of Ascending Channel: This is the immediate resistance, as Bitcoin is approaching the top of the channel. A breakout above this could signal continued bullish momentum. Psychological Level at $80,000: If Bitcoin breaks above the channel, $80,000 is a key psychological resistance level to watch.
BITSTAMP:BTCUSDLong
by GenesisRothmeger
BTC ath, AI, U.S. election, Interest rateThe markets, which had increased with the monetary expansion during the pandemic, had started to tighten with the long-term increase in interest rates. With the decrease in liquidity, there was no serious money flowing into the markets. The fact that interest rates will gradually decrease, the results of the elections in the United States, BTC making ATH and the printing of 1 billion dollars of tether last week, all bring together the puzzle pieces for the beginning of a new story. Our real story will undoubtedly be artificial intelligence. We are witnessing the first years of the cycle at the end of the modern age and the beginning of the Artificial Intelligence age. Let's see where humanity will be in 100 years.
BITFINEX:BTCUSDLong
by nedoshi