BTCUSD LONG FOR TARGET 69392At current label BTCUSD buy for the target of 69392 with a small stoploss 68749
BULLUSD trade ideas
Election week scenario #3This is the max pain scenario for all of the Long traders who followed in at the top last week. I expect major volatility going into and during the election, as well as the inevitable recount that will likely cause a major dump down to the lower untapped support levels around 60 K perhaps even lower.
BTC CONSOLIDATINGLast week’s candle had an ugly close, with a small body and large wick up. This is a sign of sellers stepping in and pushing price down - not a surprise on the first attempt at breaking all time high resistance. Trading Alpha is still showing grey dots, meaning the bullish trend is intact.
I am not worried here at all, just waiting for the election to pass to really analyze markets.
November 1 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 9:30 and 11:00.
The mid-term pattern was broken due to yesterday's movement,
and unlike Nasdaq, it touched the lower Bollinger band first.
There is pressure on the 12-hour chart -> daily chart MACD dead cross.
*Blue finger two-way neutral strategy.
Independent trading -> Start with a short in the 1st section of the purple finger
(Stop loss price when the orange resistance line is broken)
1. 69,163 dollars long position entry section / Stop loss price when the sky blue support line is broken
2. 70,625.5 dollars long position 1st target -> Top 2nd target
If the 12-hour chart and daily chart MACD dead cross are not resolved during the weekend, it seems difficult to break through the Top section. (Try to enter additional short positions autonomously.)
I have prepared a strategy that is imprinted while moving sideways rather than plummeting.
The lower tail section is the second section of the sky blue support line,
and it is best if you do not deviate from the green support line.
(Bollinger Band 12-hour chart center line)
It is best if you maintain the true blue support line without deviating until the weekend (6+12 or 12 + daily pattern recovery)
It seems that the direction will be determined within the red resistance line / true blue support line convergence section.
If a danger signal is imprinted until the weekend, I have hidden the final long position switching position.
A hidden picture that is clearly visible...
Up to this point, please use my analysis articles only for reference and use,
and I hope you operate safely with principle trading / loss cut prices.
Thank you for your hard work this week.
Bitcoin (BTC): Sellers Taking Control / Possible Drop Incoming!Daily timeframe showed us a good dominance from upper zones, where last time we mentioned that we were looking for a rejection from that resistance zone.
Now that sellers are showing dominance and price is almost back below resistance zone, we are looking for that blue line to be touched and broken in order to see a bigger movement to EMAs and then of course another liquidity grab on lower zones!
Swallow Team
Bitcoin on the Edge: Major Move Coming Tomorrow? Nov. 4, 2024BTC/USD 1-hour chart, here’s a breakdown for technical analysis heading into tomorrow’s trading:
Trend and Price Action:
Bitcoin appears to be in a descending channel, which suggests a bearish trend in the short term. The price has consistently respected the upper and lower trendlines, showing lower highs and lower lows.
Support and Resistance:
Immediate resistance lies around the top of the channel near $69,000, which Bitcoin recently tested but couldn't break through.
Immediate support appears at around $67,459, as indicated by the red line on your chart.
Below $67,459, additional support may be seen around $66,344, the recent low on this chart.
Moving Averages:
Bitcoin’s price is below the moving averages shown, indicating bearish pressure. The moving averages might act as dynamic resistance if the price attempts a breakout.
Volume:
There has been an increase in volume recently, especially near the support areas. This could indicate potential buying interest, but the volume would need to increase on upward moves to support a breakout from the channel.
MACD:
The MACD shows a slight bullish crossover, which could signal a potential reversal or bounce in the short term. However, for a sustained uptrend, the MACD line needs to stay above the signal line and show increased positive momentum.
Strategy for Tomorrow
Bullish Scenario: If Bitcoin can break above the descending channel, especially with strong volume, it could attempt to reach the next resistance around $69,000 or higher.
Bearish Scenario: A rejection at the channel’s upper boundary could lead to a retest of the $67,459 support, with the potential to drop to $66,344 if bearish momentum continues.
Consider watching for breakouts or breakdowns from the channel, and use support/resistance levels for entry and exit points.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Conduct your own research and consider your risk tolerance before making any trading decisions.
Be careful with Bitcoin !!!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
If the triangle breaks, we expect a new ATH to occur, but in new year.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin setup I have on 4HR. Should trigger today Sunday.
This is a trade in Bitcoin which could be the one trade of the year trade. Not much time to write about it now as I think its about to trigger along with the lower time frame. Details on chart.
BTC reset and buy zoneBTC needed this reset imo, this will cool off the momentum indicators on the monthly and weekly as we run into elections. My plan here is to set limit orders within the buy zone indicated by the rectangle. The horizontal channel is forming and the blue 5 EMA is likely to be lost for a day or two, this is bullish consolidation.
My plan:
1-2 days of bearishness for dip buys, Long on the weekly
Limit orders at 66.5k
Limit orders at 64.75k
Selling BITX/Hood puts
Here's my snippet of the current move on bitcoin Here's my snippet of the current move on bitcoin and how many of us who are calling for a buy still manages to have lost on the set up already, despite our prediction remaining quite probably at this time!
Inverse H&S Pattern on BTCUSDThe Inverse Head & Shoulders Pattern has emerged on the Monthly Timeframe.
A breakout above the highs would take BTC into unchartered territory.
Updated Chart, Detailed Windows. BTC Up, and to the Right.//From Previous Post - As miner's cost/price ratio remains above 1.0 for the sixth straight month, the accumulation range this cycle culminates in sparks here at the end of October. With ATH O/I across the board, expect some volatility as we move into the winter.
Volatility given the election narrative is expected. No advice here, but I wouldn't get shaken out if we see 63-65k retest here before another leg up. Personally, I think 65-66k is the magic number. Retest the macro trend, retest horizontal support, and into next gear for the rest of November and December.
Big money is playing with us now, expect some more grind compared to previous cycles.
Uptober --> ATH
rally that is slow taking offwe have broken out of the channel weekly and are trying to confirm another higher daily low in the pattern. sequencer has not completed its bull exhaustion pattern, and we havent lost trama although it isnt rising yet. supertrend is still in a holding pattern, but the larger move hasnt brought us down to signal at this top yet. new all time highs are still the target, and i wouldnt be surprised to see this confirm a breakout and head toward $79k. im interested in smaller moves, and ill be using BITO during normal trading hours.
BTC - Important LTF UpdateWe also have very important structure being built on the LTF (lowertime frame) 4H.
The support being built around $69,000 looks amazing. This shows our old resistance on the LTF is being flipped into new support.
If we do have any more downwards price action below this level, the next area that could be defended is $68,200-$68,500.
This final level that would need to be defended if we do get a further drop is $66,000. This would be a higher high on the mid term scale and would still show bullish momentum.
All in all, the structure being built right now looks very solid and could be the staring point of this next leg to try to break the ATH.
BTCUSDThe BTCUSD is still bullish as it awaits its all-time high.
I see a continuation of the rise for the week at the beginning of November.
BUY BITCOIN !! Everybody will be richPay close attention and i know dont like me being optimistic optimism.
I can feel it everybody this is the chance to buy bitcoin;
Buy it and hold it.. sell it around 150-180K somewhere around there but i am confident that bitcoin will hit $250K or possibly higher.
Its up to you when to sell your profits; if you buy with low lots youll hit thousand dollars profits or around 500$ profit..
Big lots you will hit big like more than $3K even in over 10K.
Buy bitcoin yall and when trump becomes president.. it will skyrocket that we have never seen before; i am inspiring everyone to see opportunity; not mountains that you cant see.
The support is strong and all i see is bullish huge bullish; if bitcoin hits all time high back to back then ETHUSD will hit $10K , SOLUSD will hit $1,000, Dogecoin will hit 1$ ..
Buy and hold it yall.. THIS.IS.IT
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin Daily Chart for October 25, the "Interim Rebound" in Bitcoin has successfully concluded the Main Inner Coin Rally at 73300. It has subsequently retraced to the support level of 69400. This level represents the inverse of the previously completed Inner Coin Rally at 69400. We anticipate initiating a primary rebound, which is expected to support a recovery that will retest the Key Resistance at 73200. This movement will align with the completion of the Main Inner Coin Rally at 73300 and may lead to further progression into the next phase of the bullish trend, designated as the Next Inner Coin Rally at 78500 and beyond. Conversely, we project a potential additional pullback to satisfy the criteria of the newly established Inner Coin Dip at 66200.
Sat 2nd Nov 2024 BTC/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Sell. Enjoy the day all. Cheers. Jim
Tuesday 5th November = Short Term AnalysisTrade at your own risk, and apply your own methodology.
My technical analysis is just for fun & to practice.
BTC 4hr ChartIf BTC goes down, it will most likely stop at 66k. $70,500 green ring is currently atcing as resistance above the correction pattern.
#BTCUSD ( REPEAT ? )A Nostradamusian theory.
Will history repeat itself?
Will another cup be made?
Will there be another gradual growth?
Time will tell
Making progress.Dear Community,
I've been in crypto since 2018 and made my way to trading since 2020.
It has been a bumpy ride with many falls.
This is my first publication, and only my idea and trade.
There is much to learn.
Started the trade on monday, at 67800. low leverage low volume.
With the breakout on tuesday i took 25% profit out of the trade.
I mis judged the pullback and allocated the profits back into the trade at 70420.
Now looking to hold the 68800 level for a support and to continue the uptrend.
Minimised the risk with a Stoploss at 66820.
As I explained, i am a novice trader with lot's to learn.
Maybe by posting my setups i can evolve.
Thank you for reading.
Noting in this post is financial advice and only my trades and opinions.
