BTC BULLISH AFOmg! The weekly looks so bullish
We closed two weekly candles above the downward resistance
Fingers crossed for this to play out🤞
One last pullback from near the ath for last wave 2 and then blast off into multiple 3s
USDTBTC trade ideas
Fib Retracement to $55,000 before retesting $69,000 ATHLocal top matched random line from 2020.
Trend-based Fibonacci extension along with other trend lines indicate possible retracement to $55,000 or $52,000 before retesting $69,000 ATH.
I think there is a low, but existent possibility of BTC dropping to the $40,000 resistance if there is some really bad news somewhere.
Buy Position on #BTC 1H has been Triggered..MEXC:BTCUSDT 1H
As I Wrote yesterday we had to wait till price dip down to the DP.i point of interest box.
then we got a confirmation signal to get into a buy position.
as you see my chart, we have a SCOB type confirmation signal.
then we can buy here on a 2.6 Risk to Reward (R/R) position.
Hope you enjoy the ride..
I will update Bitcoin regularly..
Take Care
#BTC #Crypto
Bitcoin 1H Buy Position SignalMEXC:BTCUSDT
As soon as the IDM.i has been grabbed, we waited for the SCOB to form.
And a few hours ago the SCOB has been formed and it allowed us to enter the Buy Position.
The target is reward 2 and 3 at least.
But always remember:
Trading is a long-term game which is survival depends on the Risk & Money Management we planned before.
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin regularly.
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC
Buy Position on BTCusdt 1HMEXC:BTCUSDT
Why should we buy here?
Simply because this MPL is our last POI we have on Major Structure in 1H time frame.
As you can see
Also we can open 2 position at the same time and price, but manage them differently.
In other words we can set partial exit at 2.5 reward & 7 reward.
It is better to have 2 targets, not more and not less..
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin and Gold regularly,
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
Btcusdt ideaI think we see a retrace here ugly OBv divergence , people will sell the double top . Then it will dip . They would want to dip the market to accumulate more before elections date so that when trump wins the market will recover quickly . I think btc goes down from here . I dont have a position on btc this is not a recommendation .
BTC printing HL on 4HRHi all,
This is my 3rd post and I'd love to share a very simple idea with you. No excessive indicators, just simple SR and factual information.
On the 4hr #BTC we can observe a peak to about 69,500 USD with the RSI gradually moving lower (sorry, Im using the free version and do not have the ability to show more than 3 indicators).
Eventually, a steep drop followed to the support at about 65,200 USD with a wick closing above 66,400 USD. We had quite a nice recovery to 68,850 USD followed by the same steep drop to 65,500 this time and a wick closed above 66,700 USD leading to a higher low. Another important fact, is that the price wicks towards the 100 SMA on the 4HR (which is rising) leading to strong buying pressure and higher lows.
The last drop occured due to the Israel - Iran bombings, which was a great way to use externalities in retesting a support.
Three things can be observed here:
- A test of our ATH cluster
- A breakdown to the 65k support & 100SMA on the 4hr TF
- Retest to 68,850 (which is a LH btw), followed by a breakdown and retest of support at 65,5k which coincides with the rising 100SMA on the 4hr TF and, eventually a HL.
What does that mean?
It means that, if we keep this structure, the only way is UP. Im expecting the move to reveal within the next 48 - 72 hrs.
Let's see, though. Geo situation is very dynamic and the crypto market has proven to be quite sensitive to whatever events.
Good luck yall.
*This analysis is based purely on my personal observation and should serve as educational material. It is not a financial advice by any means.
It's Alarm For Intraday Trader's #BitcoinHello Trader's
First of Thanks To all Of You For Making 100 Followers also Vist channel
And Now For Bitcoin it's Alarm time for Intraday trader's from this 2 circle point Selling May Be Started..
short scenario for BTCAccording to bitcoin reaching the weekly key level and rejection with high volume in 4 hours and being in the extreme range, we can expect the rejection from the midline and the unmitigated 4-hour candle to take the bottom of the range.
BTC quick shortBTC Short Idea: Entry at $69,500 with a target of $68,500. Key resistance is at $69,500, indicating a potential pullback. Look for confirmation of downward momentum in lower timeframes, with a stop-loss placed above resistance for risk management.
BTC Long breakout retest on fib/weekly/fvgBTC Long breakout retest of trendline with golden pocket fib, weekly level, and fair value gap. This is a strong support level and should get a bounce.
Bitcoin Eyes $75K as Double Bottom Pattern ConfirmsBitcoin ( CRYPTOCAP:BTC ) has recently formed a double bottom pattern on its price chart, confirming a significant reversal in trend and strengthening bullish sentiment among investors. The two base levels of this pattern correspond to $49,000 and $51,000, signaling a potential target of $75,000. This technical formation, resembling a "W," is often a precursor to substantial uptrends, giving further weight to the positive momentum building around BTC.
Technical Analysis: Bullish Indicators Line Up for CRYPTOCAP:BTC
The double bottom pattern on Bitcoin’s chart suggests that the asset has completed its downtrend, with the recent breakout above the previous peak indicating further upside potential. Currently trading at $69,000, CRYPTOCAP:BTC appears set for continued upward momentum. Beyond the double bottom, additional bullish patterns are forming: a “Three White Soldiers” candlestick formation, consisting of three consecutive bullish candlesticks, and the possible emergence of a golden cross, a pattern where the 50-day moving average crosses above the 200-day moving average. These indicators, when combined, paint a powerful picture of a market ready to climb higher.
With the next resistance zone between $72,000 and $75,000, a push above this range could ignite a rally with a new target of $100,000. BTC’s movement above key moving averages and the clustering of bullish patterns provides robust technical evidence for this optimistic trajectory.
Institutional Inflows and Rising Adoption
Bitcoin’s technical setup is bolstered by strong fundamental support, especially with heightened interest from institutional investors. Over the past month, Bitcoin’s capital inflows surged by 3.3% to $21.8 billion, reflecting increased investor confidence. This influx has driven Bitcoin’s Realized Capitalization to a substantial $646 billion, signaling a shift in sentiment as institutional players show renewed interest in the crypto asset.
Adding to the bullish momentum, Bitcoin spot ETFs saw a net inflow of $998 million from October 21 to October 25, with BlackRock’s IBIT leading with a massive $1.15 billion inflow. Although the ARK 21Shares ARKB ETF experienced a $206 million outflow, the overall demand for Bitcoin ETFs remains strong. By comparison, Ethereum spot ETFs reported a net inflow of $78.89 million during the same period, underscoring the sustained institutional focus on Bitcoin as a long-term investment vehicle.
A Super Cycle in the Making?
As adoption rates increase and Bitcoin’s narrative shifts towards becoming a global reserve asset, some analysts believe that BTC may be entering a “super cycle.” This concept suggests that Bitcoin could break free from its historical four-year cycles, moving toward more sustainable growth patterns that align with traditional financial assets. With adoption, institutional interest, and hash power surging, Bitcoin is gradually maturing into a critical component of the financial landscape.
Conclusion
Bitcoin’s recent double bottom pattern, combined with strong technical indicators and substantial fundamental support, points to an imminent rally. With BTC’s current trading levels and the critical $75,000 resistance in sight, a breakout could signal a larger upward movement, potentially reaching $100,000.
As Bitcoin ( CRYPTOCAP:BTC ) moves closer to integrating with mainstream financial markets, the bullish sentiment appears well-founded, driven by both technical and fundamental indicators that suggest BTC’s next chapter could redefine its role in global finance.
double bottom formed and just now broke the neck line. i have non doubt many aware of this. as i see it many positive trends are aligned for the btc and crypto world in general. it is very to the moon time
BITCOIN breaking out bullish setup on the weekly with a target anywhere between 113000 and 125000,
current first resistance is around 90k
BTCUSD - Above all important DAILY moving averagesGreetings friends!
Happy to see you after a few weeks hiatus. Here to do a quick 5 minute update on BTCUSD. Plain and simple, we're about to have a major break in structure as btc is coiling right below the major pivot from July 29th at ~$71,000 - if we break that high, the flood gates are likely to open and we could see a move up to ATH and if we break that, the next target is roughly $84,000. There's no price discovery above ATH so it's possible we make volatile moves and things can move quickly.
FYI - alts are currently lagging behind but they'll have their day - you may just need to wait a little longer.
More details in the video, obviously, but thanks for reading / watching and I hope you're having a great day!
$BTC UpdateI am expecting strong bearish momentum to kick in after sweeping the high and taking a lot of internal liquidity. Loosing the level of 68.200 will indicate deeper push imo.
28/10/24 Weekly outlookLast weeks high: $69,526.58
Last weeks low: $65,268.55
Midpoint: $67,397.56
2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it.
We are now 7 days away from the US election, with Trump in the lead in the polls and Wall Street preparing for another Trump presidency I expect to see crypto start to push on after the 8 month chop. The plan for a Bitcoin strategic reserve and favourable law-making towards the crypto market is a positive.
We also have the FTX distribution in 2 weeks, that's $16B coming back into the market, perhaps not all of it will stay in crypto but even if a portion of that remains that will be a significant boost to buyside pressure.
All in all BTC is in good shape currently, I would like to see acceptance above the all important $69,000 level by the end of the week setting us up well for the US election. Obviously what happens there is unknown until we get the result and typically fear can be negative for the markets so maybe we don't see acceptance this week but I am confident that the R:R at current price looks good with many signals showing growth is likely going into the end of Q4.
Following lines
interpretation of the patterns
Good evening sirs , today we will be doing analysis of candlesticks with pivot points and cycles.
Please be sitting in your seats to receive it well better!
for further instructions see attached notes
see attached notes for further instructions
see included instructions for notes to further instructions
see further instructions for attached notes regarding further instructions on how to see attached notes (that may or may not contain) further instructions.
BTC: Imminent Breakout with Final Swing Trade OpportunityA breakout for BTC is on the horizon. We’ve seen a small breach of the upward trendline, and with momentum building, we’re now watching closely for a decisive break of the upper trendline. If this happens, Wave 4 will be complete, leaving only Wave 5 of 5 of 5 remaining.
Once a full open and close above the trendline is confirmed, I’ll be going long, planning to ride it until Wave 5 completes. This could be the final swing trade of the season before a lengthy corrective phase sets in—a potential year-long winter of correction. If you’re looking for a last big trade before the market cools, now’s the time to prepare.
Market overviewWHAT HAPPENED?
Last week, as expected, we broke through the sloping line and started a downward movement. Only the strong volume zone of $66,000-$65,100 (volume reaction), which we noted, could stop it. After receiving a reaction from the buyer, bitcoin was trading sideways for the rest of the week.
WHAT WILL HAPPEN: OR NOT?
At the moment, we’re above the formed zone of maximum volumes of $67,500-$66,800. There is a high probability of testing the levels formed above.
The cumulative delta is also on the side of the "bulls", the same pattern of absorption of market sells by limit orders is noticed. We consider changing the scenario to a downward one only with a true breakdown of the local minimum of $65,250.
Buy zones: $67,500-$66,800 (maximum volume of the sideways range), $63,100-$62,500 (mirrored volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Sell zones: $70,000 level (seller market activity), $72,000 level (seller market activity).
IMPORTANT DATES
• Tuesday, October 29, 14:00 (UTC) — publication of the US consumer confidence index for October and the number of open vacancies in the US JOLTS labor market for September;
• Wednesday, October 30, 9:00 (UTC) — German GDP publication;
• Wednesday, October 30, 9:30 (UTC) — press conference of the Swiss National Bank;
• Wednesday, October 30, 10:00 (UTC) — the UK autumn budget forecast;
• Wednesday, October 30, 12:15 (UTC) — publication of changes in the number of people employed in the non-agricultural sector from the US ADP for October;
• Wednesday, October 30, 12:30 (UTC) — publication of US GDP for the 3rd quarter;
• Wednesday, October 30, 13:00 (UTC) — publication of the German consumer price index for October;
• Thursday, October 31, 1:30 (UTC) — publication of the index of business activity in the Chinese manufacturing sector for October;
• Thursday, October 31, 3:00 (UTC) — announcement of Japan's interest rate decision;
• Thursday, October 31, 10:00 (UTC) — publication of the consumer price index in the Eurozone for 2024;
• Thursday, October 31, 12:30 (UTC) — publication of the basic price index of US personal consumption expenditures for September and 2024, as well as the number of initial applications for US unemployment benefits;
• Friday, November 1, 12:30 (UTC) — publication of average hourly wages, changes in the number of people employed in the non-agricultural sector and the US unemployment rate for October;
• Friday, November 1, 14:00 (UTC) — publication of the index of business activity in the manufacturing sector from the US ISM for October;
• Friday, November 1, 14:45 (UTC) — publication of the index of business activity in the US manufacturing sector for October.
*This post is not a financial recommendation. Make decisions based on your own experience.
RAG-GPT-4o run-time > 10.000 data The current market conditions for Bitcoin (BTC) present a complex scenario. With no open positions currently, we have the flexibility to capitalize on short-term price movements over the next 8 hours. The bullish sentiment driven by political factors and options market predictions suggests potential upward momentum. However, technical indicators across multiple timeframes indicate overbought conditions, which could lead to a pullback or consolidation.
Data Analysis
Open Interest: Moderate increase, suggesting growing trader engagement.
Weighted Funding Rate: Positive, indicating a slight bullish bias.
Liquidation Data: Recent spike in long liquidations, signaling caution for new long entries.
Binance Data
Trading Volume: Consistently high with significant buy-side pressure.
Expert Predictions: Potential continuation of the bullish trend but with caution due to overbought technical indicators.
Analysts: CryptoCapo and RektCapital suggest waiting for a pullback before entering new long positions.
CoinMarketCap Data
24-Hour Trading Volume: $45 billion.
Circulating Supply: 18.7 million BTC.
Market Cap: $1.28 trillion.
Analysis: Volume spikes in the 1m and 8h intervals indicate active trading, supporting short-term scalping opportunities.
Sentiment Analysis
Market Sentiment: Predominantly bullish.
Top Sentiments: "Bullish" and "FOMO".
Implication: Aligns with market optimism but suggests potential volatility if sentiment shifts.
Technical Analysis
RSI: Overbought conditions across most timeframes, particularly on the 1h and 4h charts.
MACD:
Shows bullish momentum.
Close to a potential bearish crossover on the daily chart.
ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook.
Bollinger Bands: Price proximity to the upper band on the daily chart warns of a possible pullback.
Key Levels:
Support: Around $67,500.
Resistance: At $69,000.
Recommendation: Focus on short-term scalping opportunities while being prepared for potential reversals. Avoid entering long positions at resistance levels and consider shorting if bearish signals strengthen.
Summary
Given the mixed signals from technical indicators and bullish market sentiment, a cautious approach is warranted. The strategy should capitalize on short-term opportunities while remaining vigilant for signs of a reversal. Monitoring key technical indicators and market sentiment closely will be crucial for successful trades.
Trade Recommendation
Outcome: OPEN_SHORT
Confidence Level: 78% (65%-90%)
Current Price: $68,637.99
Stop Loss: $69,200
Take Profit: $67,800
Exit Point: $67,900
