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BULLUSD trade ideas

Stand pat!Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself. 2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
KRAKEN:BTCUSDLong
by BTC-XLM
115
72,937 and 41 cents: BTC next target and maybe "a" top for nowBTC is fast approaching a "semi-major" fib ratio at $72,937.41 All of its sister fibs have marked key turning points since 2015 Price action here will be very telling of this bull run's strength. It is PROBABLE that we get some retracement from here. It is POSSIBLE to break and retest that fib for continuation. It is PLAUSIBLE (but unlikely) that 72,937 will be "the" top. =====================================================
COINBASE:BTCUSD
by EuroMotif
20
The $100K Question: When Will Bitcoin Arrive? Bitcoin has just broken a significant trendline that traders everywhere are buzzing about, setting its sights on all-time highs. This crucial move has ignited conversations across the crypto community, with analysts and enthusiasts alike scrambling to make sense of the implications. With predictions flying around and various opinions flooding the forums, we want to turn the spotlight on you! When do you think Bitcoin will reach the monumental $100K? Is it a matter of weeks, months, or perhaps even longer? What indicators are you watching closely that might suggest a timeline for this milestone? Share your unique insights, and let’s build a great little discussion that stands out from the crowd. Are you bullish on Bitcoin due to recent market trends, or do you have concerns that could slow its ascent? Every perspective adds value.. From my viewpoint, Bitcoin touched an impressive $71,200 overnight and is currently holding steady around $72,000. We’re on the brink of a significant surge, with a potential 6%-10% daily pump that could see us hitting the $80,000 mark in no time. Once we reach that level, I believe we’ll witness a parabolic move similar to what we saw with Gold, especially as we head toward April 2025. The momentum is building, and the market sentiment is electric. If history is any guide, we could be in for a wild ride ahead! I’m eager to see how this unfolds—what are your thoughts on this trajectory?
COINBASE:BTCUSDLong
by FindBetterTrades
2
BTC - The Final HurdleEveryone is euphoric on the timeline, but there is one last crucial level BTC must get above to truly start the next leg of the bullmarket and this is what we call the "final hurdle". This level is right around $72,000. This is our 6th critical test of this level on the daily timeframe. So you may ask, how do we know when this level is broken? Normally I would say watch for a daily close and then a confirmation close to confirm old resistance has been flipped into new support. In the case we did have a daily candle close above$72,000 on Bitcoins run to $74,000 and then fall back below leading to a fakeout. This means the confirmation lies somewhere else. The secret is embedded in the 3D chart. Once price closes a 3D candle above $71,300, that will be the confirmation that the next leg of the bull market is beginning.
COINBASE:BTCUSD
by VIAQUANT
Bitcoin's Bullish Trajectory: Derivatives Markets Signal The cryptocurrency market, particularly Bitcoin, is experiencing a surge in bullish sentiment, driven largely by trends in the derivatives market. Analysts and traders are increasingly optimistic about Bitcoin's potential to reach and even exceed the $80,000 mark before the end of 2024. The Role of Derivatives Markets Derivatives markets, which allow investors to speculate on the future price of assets, have been a key indicator of market sentiment. In the case of Bitcoin, derivatives like options and futures contracts provide valuable insights into the expectations of professional traders and institutional investors. Recent trends in the Bitcoin derivatives market suggest a significant uptick in bullish sentiment. The open interest in Bitcoin futures contracts, which represents the total number of outstanding contracts, has been steadily rising, indicating growing interest from market participants. Additionally, the implied volatility of Bitcoin options, a measure of market uncertainty, has been elevated, suggesting increased expectations for price swings. The Trump Factor: A Potential Catalyst A significant catalyst for Bitcoin's bullish run could be the potential election of Donald Trump in the 2024 U.S. presidential election. Trump's pro-business stance and his previous support for cryptocurrencies have led many to believe that a Trump presidency could be positive for the crypto market. If Trump were to win the election, it could lead to increased regulatory clarity for cryptocurrencies in the U.S., which could attract more institutional investors to the market. Additionally, Trump's policies could stimulate economic growth, which could indirectly benefit Bitcoin and other cryptocurrencies. Technical Analysis: A Bullish Outlook Technical analysis of Bitcoin's price chart also supports the bullish outlook. The cryptocurrency has been forming higher highs and higher lows, a classic bullish pattern known as a bullish uptrend. The recent breakout above the $72,000 resistance level has further strengthened the bullish case. Many analysts are now setting their sights on the $80,000 level, and some are even predicting a six-figure price target for Bitcoin in 2025. If Bitcoin can maintain its current momentum and break above the $80,000 level, it could trigger a significant price rally. Potential Risks and Challenges While the bullish outlook for Bitcoin is strong, it is important to acknowledge the potential risks and challenges that could impact the cryptocurrency's price. These include: • Regulatory Uncertainty: Changes in regulatory policies could negatively impact the cryptocurrency market. • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur. • Economic Downturn: A global economic downturn could lead to a sell-off in risk assets, including Bitcoin. Conclusion The convergence of bullish factors, including the positive sentiment in the derivatives market and the potential impact of a Trump presidency, has created a strong foundation for Bitcoin's continued upward trajectory. While challenges and risks remain, the potential for Bitcoin to reach and exceed the $80,000 mark in 2024 appears increasingly likely. Investors should conduct thorough research and consider their risk tolerance before investing in Bitcoin or any other cryptocurrency.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Bull Flag Breakout: Uptrend ResumesThe big bitcoin bull flag pattern, which began in March 2024, has officially come to an end yesterday with the break of the $70,000 level. This development suggests that the market has resumed its uptrend, which can be traced back to January 2023 or even as far as 2009. With the market currently hovering around all-time highs and the bull flag pattern having been completed, we can expect increased volatility on the upside, potentially leading to a breakout of all-time highs. However, it is essential to remain cautious and prepared for potential downturns. Key support levels to watch include: • 67k-68k, which remains an active support area • $62,000, a major support level • $43,000, the whales support, although a decline to this level is considered unlikely We'll be dialing back the frequency of our updates, focusing on major market developments and occasional insights from other spaces; take care!
COINBASE:BTCUSD
by MCFractalStudies