BULLUSD trade ideas
BTc Monthly Keep an eye on this analysis. Next month, Bitcoin is bearish and the target is 84 and 72 thousand dollars. Manage your own transactions. This is a serious warning
BUY OPPORTUNITYInstrument: BTC/USD
Current Market Price (CMP): 91,729 USD
Entry Price: 87,916 USD
Stop Loss (SL): 84,660 USD
Take Profit 1 (TP1): 106,450 USD
Timeframe: 4-Hour Chart (Hourly corrections expected)
Trade Rationale:
Price Action Expectation: We anticipate a short-term bearish movement in BTC/USD, with a dip into the demand zone between 88,500 - 85,200 USD before a strong bounce back.
Support and Resistance Levels:
Support Zone: 88,500 - 85,200 USD (buy area)
Resistance Level: 92,500 USD (key level to break before heading toward TP1)
Supply Zone (4-Hour Chart): 106,450 USD (expected higher target after the bounce)
Market Sentiment: There is potential for bullish price action in the coming days, with an expected market shift post-New Year, as the crypto fear and greed index stands at 65 (showing a neutral market sentiment). This is significant because the market was previously above 80, indicating extreme greed. The neutral sentiment could support a reversal to higher levels, especially with the lower acquisition prices of MicroStrategy, potentially indicating accumulation before the next bullish phase.
Trend and MicroStrategy Impact: The ongoing negative price trend due to the announcement of new BTC acquisitions by MicroStrategy on Mondays has contributed to short-term downward pressure. However, this trend could shift as the price reaches key support levels and begins to recover.
Bitcoin With a double bottom on the 15 min Identify the Pattern: Look for two distinct lows at approximately the same price level, separated by a peak. This pattern resembles the letter "W" and indicates a potential reversal from a downtrend to an uptrend.
Confirm the Pattern: Ensure that the second bottom is not lower than the first, and the price has bounced off the support level twice. The peak between the two bottoms should act as a resistance level.
Entry Point: Consider entering a long position when the price breaks above the resistance level (the peak between the two bottoms). This breakout confirms the pattern and suggests a potential upward movement.
Stop-Loss Placement: Place a stop-loss order below the second bottom to manage risk. This helps protect against false breakouts or unexpected price movements.
Target Price: Set a target price by measuring the distance from the bottoms to the peak and projecting it upwards from the breakout point. This gives an estimated price target for the trade.
Monitor Volume: Look for increased trading volume during the breakout, as this can confirm the strength of the pattern and the likelihood of a successful trade.
Risk Management: Ensure proper risk management by not risking more than a small percentage of your trading capital on this single trade.
Disclaimer: Trading cryptocurrencies involves significant risk, and it's important to conduct thorough research and consider your risk tolerance before making any trading decisions. Always use proper risk management techniques and consult with a financial advisor if needed.
BTC LongBitcoin has entered an area of interest (AOI) where significant trading activity is expected, supported by high-volume levels and overlapping Fibonacci retracement zones. This confluence of technical factors, including historical price reactions and strong buying or selling volume, suggests a potential move toward a target price of 97,400.The Fibonacci levels, often used to identify key retracement or extension zones, align with this area, adding confidence to the analysis. With a risk-reward ratio of 6, the trade setup indicates a favorable opportunity for traders, assuming proper risk management is applied.
btcCRYPTOCAP:BTC is forming a possible reversal pattern. A complete bearish pattern which can possibly take it to 73-74k range.
BTC to 109,000Good Morning Traders,
Today I am sharing my BTC idea for trading over 109,000k USD by Dec 25/2024
There is around 20 billion options expiration as confluence for price action supporting this idea.
Merry Christmas
BTCUSD ALERT: MONTHLY CRT PATTERN FORMING!BTCUSD ALERT: MONTHLY CRT PATTERN FORMING!
I'm eyeing the $66,000 level and FVG zone for a potential BIG DROP!
Are you ready? Do you agree? Share your thoughts in the comments!
December 24 Bitcoin Bybit chart analysisDecember 24 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Nasdaq 30-minute chart.
There will be an indicator announcement at midnight tonight.
Since Nasdaq is in an upward trend,
If there is no immediate adjustment from the current position,
I will bet on a vertical rise at midnight.
This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.
*When the red finger moves,
One-way long position strategy
1. $93,786.5 long position entry section / stop loss price when the green support line is broken
2. $96,549.5 long position 1st target -> Top, Good, Great in that order
I left the movement path in the middle with a pink finger,
so I think it would be good to use it.
The first section at the top is the short position operation section.
If there is a decline today, it can be the best short entry section.
When touching the first section,
depending on the wave,
it can be pushed up to the second section,
and the reason why the stop loss price was set to break away from the green support line is
because it is possible that it will shake up to this section, and if it breaks away from the green support line,
it is also the place where the mid-term trend line is broken.
So, I think it would be good to use split buying, etc. as the final long position entry point until the 2nd section.
Between the 1st section and the Gap section at the top,
the Bollinger Band 4-hour chart and the 6-hour chart center line overlap,
but since the 4-hour chart center line is the second touch,
it can rise strongly when it breaks through, and the 6-hour center line is not very important in the time zone, so I ignored it.
As long as this point is not broken, the upward trend seems to be fine.
Please refer to the Bottom, 89,186 dollars at the bottom when it breaks out.
Please use my analysis up to this point only for reference and use,
and I hope you operate safely with principle trading and stop loss prices.
Have a Merry Christmas to everyone,
and I will see you on the 26th.
Thank you.
H&S on BTCWarning to crypto holders, ominous Head and Shoulders pattern has developed, which remains unconfirmed at this time, however you can expect a retrace to somewhere between $81-74k. This is pure technical analysis based solely on fib retracements. The pattern can be confirmed by a spike in volume which should exceed the decline line from the beginning of the formation. There is a possibility that the pattern will not be confirmed, however judging by the angle on the MACD and location of the RSI I think it will, you've been warned.
BTC PROJECTION FOR BUYDear friends and followers, it's has been some days I didn't post any projection for you guy's, am so much busy,
Now look at this , BTC projection for BUY..
We are working with the trend line and am expecting BTC to go long buy...
Use this for your next trade decisions and make money but always apply proper risk management..
Good luck
OLUMIGHTYFX TRADING ACADEMY NIGERIA OSUN STATE NIGERIA
Be prepared. Calm before the storm $BTCWe’re in the toughest part of the cycle—waiting for #Bitcoin (and other tokens) to make a new low before jumping back into the market. 🕒
It’s challenging, not just because we all want to time the bottom (let’s face it, who doesn’t want to buy the bottom? 🙌), but also because it’s tough to stay calm when portfolios are showing negative numbers.
📉 Seeing a sudden -30% on a recent token purchase can shake anyone’s confidence.
But remember: Successful investors stick to their thesis.
✅ They buy when their strategy signals “Buy.”
✅ They don’t look back.
📊 Bitcoin’s Cycle Low:
Bitcoin is approaching its cycle low, likely forming shortly after the New Year. 🎉 This presents an ideal buying opportunity for those following the cycles.
💡 Profiting by following cycles isn’t rocket science—it’s about patience and executing a solid plan.
Stay grounded during your celebrations, trust the cycles, and position yourself for success. 🚀
BITCOIN 1 HR POSSIBLE SCENARIOS 🚨 BITCOIN 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1:94650
• TP2: 95150
📉 Downside Targets:
• TP1: 93380
• TP2: 92400
So we have to watch out for $93900- $9400 level. If BTC stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
Bitcoin back to 70K?Bitcoin Heading toward to 70K, On Daily TF CISD, But Monthly Candle Also Closing in Previous Candle Range. No More Bullrun
Bitcoin Failed to Back to Uptrend ChannelBitcoin successfully beakout support trendline in uptrend channel and breakout massive wedge pattern
If Bitcon can't go back above 103k it think we will see 86k and around 77k soon
$BTC bull and bearTo be honest. I'm a little afraid of that line. Everything above seems like a bull market and everything below seems like a bear market.
If we break this, I expect we can go down quite a bit.
In that case we can make a correction to 87k, 82k or even deeper to 76k. In terms of correction, this could be fine. Although I am afraid that we will see other altcoins that will follow suit.
Now let's see how this line holds up.
Be kind to the world and each other!
BTCUSD BITCOIN BTC/USD is presenting an ideal opportunity for a sell position if you're targeting a broader downtrend. Alternatively, traders can capitalize on the current market fluctuations with scalping strategies to secure quick, short-term gains. Always prioritize risk management and stay vigilant with your trading plan.
#btc #btcusd #elliottwave long buy setup wave 3 29Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BTC Headed to $90K? Sell NowThis isn’t my full analysis—I'm keeping that to myself for now. But what I can tell you is that Bitcoin is in a downtrend, showing a steep, short-term decline in the already ongoing downtrend. According to many indicators, BTC could drop to at least $90K. I’ve opened a short position and will share further updates about my sell strategy soon.2
Stay tuned, and I’ll catch you in the next one — peace!
Is bitcoin moving higher?This channel is not providing individualized trading or investment advice, nor is it a banking service, brokerage service, trading service, investment service or money management
service.
It is just an educated guess.
