Bitcoin Liquidity Grab and ReversalIf the uptrend continues with 70k as the target, it is more likely to grab 70k and trendline liquidity and then reversal from 70750~73750. BUT, further confirmation is required to support this scenario.Shortby RaminzkrPublished 2
NOT NOW !@TradeWithMky ! ### **Analysis:** On the **daily timeframe**, Bitcoin is showing strong upward momentum after a significant pullback from prior levels. Let's break down the key elements: 1. **Resistance Zone**: The red zone at the top (around $68,300 - $68,700) highlights a **major resistance area**. The current price is testing this supply zone, and we can expect potential selling pressure at this level. Traders might be placing **buy stop-losses** above this resistance to catch a breakout. 2. **Fair Value Gaps (FVG)**: The chart also highlights multiple **Fair Value Gaps** (FVG): - **FVG (Daily)** and **FVG (4H)** (Green Zones) between $61,700 - $64,000 indicate potential areas where price could retrace and find support if it drops. These gaps often act as strong support or re-entry points after a bullish rally. 3. **Support Level**: A key **support** level is marked at **$61,774**, which aligns with a previous breakout zone. This is where price action could stabilize or bounce if a pullback occurs. 4. **Previous Major Level**: The blue zone at the bottom, around **$52,000 - $56,000**, is labeled as a **major support level**. This area served as strong demand in the past and could play a significant role if the price dramatically retraces. 5. **Uptrend Line**: The yellow upward sloping line shows a clear bullish trajectory in the short term. Bitcoin is moving upwards with strength, but it is essential to watch for any signs of weakness around the resistance level. 6. **Rejection or Breakout?** The key question here is whether Bitcoin can break through the $68,300 - $68,700 resistance zone. If it does, we may see a continuation of the bullish momentum. Otherwise, a rejection here could lead to a retest of the lower support zones. --- ### **Conclusion:** Bitcoin is approaching a pivotal resistance, and traders should watch for either a **breakout** or a **pullback** to the FVG and support zones below. With stop-losses potentially getting triggered above the resistance, volatility could increase in the coming sessions. --- #Bitcoin #BTC #CryptoAnalysis #FairValueGap #Resistance #Support #Breakout #TradingView #PriceAction #CryptoTrading --- This analysis provides a concise view of potential movements while utilizing key technical concepts like resistance, support, and Fair Value Gaps (FVG).Shortby TradeWithMkyPublished 2
BTC TO 99K OR MORE?Its indeed UPTOBER, BTC Broke the Trend to the upside, I'm excited to see this progress and US Election is on the way. This will be the era of the Crypto Elections. Lets see how this unfolds.Longby Quantum007Published 1
Bitcoin sign of strength Looking incredibly bullish. This analysis is wycoff theory. Looking at price action and volume analysis wave by wave Longby CryptoEnchantedPublished 1
10/23/2024 bitcoin Idea and elliot wave counting.For now, I'll count this trade as a winning trade since it has reached the target price. The risk-reward ratio is 1:7, so it seems to have been a pretty good trade. At the moment, I've taken profit on my all short position. The wave that emerged from the end of the small green ABC correction looks like an impulse and appears to be really strong, so it seems likely that there is one more wave left going up. I will need to decide whether to enter again after observing the price movement at the 1 which is Fibonacci 618 to catch the downtrend.. or I will wait longer until it breaks through the previous high and the blue impulse wave completes before entering again. by hcinteractivegamesPublished 1
BTCUSDT Potential Retracement to 60,700BTCUSDT has shown signs of a potential retracement to around 60,700. However, it remains uncertain whether this will be a bullish rebound or a bearish correction. I recommend waiting for more market information before making any decisions.Shortby JyTCKPublished 1
BTCUSDTon daily candle btc broke out of trend, on technical i expect it to return for a buy into 64879-65000 zone for new wave based on the structure. buyers rejected at 69000-6800 zone was based on price tapping into supply territory with bearish order waiting for execution. on technical i want a retest into broken supply roof since we reached a new all time high. to use it a as demand floor for uptic10:59by ShavyfxhubPublished 1
BTCUSDTSecond sell because l see sevral bearish set up in 4h tr after first leg and I looking for second leg Shortby PEYMANDEHGHAN_79Published 1
BTCUSDTBase on USDT.D 1.After the downward channel's resistance level was breached, I could see the weakness in the BTC trend. 2.bearish daivergence in 1h. 3.good bearish setup in 1h. Shortby PEYMANDEHGHAN_79Published 2
BTC Short for sure because of WARI think BTC goes down until the 5th of the December and all markets will be affected by the War against Iran and the US election I will invest in oil this quarter. it's just my thoughtsShortby GlendizerPublished 2
Market overviewWHAT HAPPENED? Last week, we implemented one of the scenarios we noted for bitcoin – we consolidated above the zone with anomalies along the delta and continued the upward movement. WHAT WILL HAPPEN: OR NOT? At the moment, we’re close to significant levels where the seller can prove himself. There is also a weakness of the buyer – the highs are updated weaker and weaker, so there is a possibility of a sharp corrective movement. We draw attention to the important buy zone of $66,000-$65,100 (volume reaction), from which we can get a rebound in the development of this scenario. A continuation of the upward movement from current prices is also likely, but joining it looks dangerous. The main scenario remains long-term, there is a high probability of an ATH update in the coming weeks Buy zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror 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 Macroeconomic events this week: • October 23, Wednesday, 13:45 (UTC) — publication of the decision on the Canadian interest rate; • October 23, Wednesday, 14:00 (UTC) — publication of a report on home sales in the US secondary market; • October 24, Thursday, 12:30 (UTC) — publication of the number of initial applications to receive US unemployment benefits; • October 24, Thursday, 13:45 (UTC) — publication of the index of business activity in the US manufacturing sector and the index of business activity in the US services sector for October; • October 24, Thursday, 14:00 (UTC) — publication of the report on new home sales in the USA for September. *The post is not a financial recommendation. Make decisions based on your own experience. by Crypto_roboticsPublished 1
BTC reacting at trend line on Daily TFPA touched the trend line that I've been anticipating for the past few days and now showing a nice reaction. This could potentially be the beginning of the retrace on the daily TF that I've been waiting for. There is also the possibility of a minor retrace then continue momentum upwards, if that happens, I'll jump into market longs at semi-large positions. However, if it does retrace from here, I've marked the potential reversal points in yellow circles for reference. Trade safely! *Summary: I'm currently bearish during this retrace until PA proves that the momentum continues upwards.*by Nate36989Published 1
Top 11 Popular and Effective Crypto Trading Strategies for BeginTop 11 Popular and Effective Crypto Trading Strategies for Beginners Cryptocurrency trading can be a lucrative but volatile venture, especially for beginners. To navigate the highs and lows of the market successfully, it's important to adopt well-tested strategies that help manage risk and improve your chances of success. Whether you’re looking to trade actively or passively, this list of the top 11 crypto trading strategies will guide you in the right direction. 1. HODLing (Buy and Hold) HODLing is a term derived from a misspelled "hold" in a Bitcoin forum that became iconic. This long-term strategy involves buying and holding onto cryptocurrencies for an extended period, regardless of short-term market fluctuations. It's popular among beginners due to its simplicity. Best For: New traders who believe in the long-term potential of assets like Bitcoin and Ethereum. Pros: Easy to implement, less stressful, low maintenance. Cons: Requires patience, may result in short-term losses. 2. Dollar-Cost Averaging (DCA) Dollar-Cost Averaging (DCA) is a straightforward strategy where you invest a fixed amount of money into a cryptocurrency at regular intervals, regardless of its price. By spreading out your investments over time, you reduce the impact of market volatility. Best For: Beginners who want to invest consistently without timing the market. Pros: Minimizes the risk of investing a lump sum during a market peak. Cons: May miss out on large gains if the market takes off quickly. 3. Day Trading Day trading involves buying and selling cryptocurrencies within a single trading day. The goal is to capitalize on short-term market movements and make multiple trades throughout the day. Best For: Active traders who have time to monitor the market closely. Pros: High profit potential in a short period. Cons: High risk due to volatility; requires significant time and attention. 4. Swing Trading Swing trading is a strategy where traders hold onto assets for days, weeks, or even months to take advantage of price "swings" or momentum in the market. It aims to capture medium-term trends rather than short, daily fluctuations. Best For: Traders who can dedicate time to analyzing market trends but don’t want to trade daily. Pros: Less stressful than day trading, potential for good profits. Cons: Markets can move against you quickly, requires technical analysis. 5. Scalping Scalping is a fast-paced strategy where traders make numerous small trades over short time frames, such as minutes or hours. The goal is to accumulate many small profits that add up over time. Best For: Experienced traders or beginners who enjoy fast-paced trading. Pros: Quick profits, low exposure to market risks. Cons: Requires intense focus, high transaction fees can eat into profits. 6. Arbitrage Trading Arbitrage trading involves taking advantage of price differences between different exchanges. You buy a cryptocurrency on one exchange where it's priced lower and sell it on another exchange where it's priced higher. Best For: Traders who are quick to spot price differences across exchanges. Pros: Low-risk if executed correctly, straightforward profits. Cons: Requires quick execution and capital in multiple exchanges, fees can reduce profits. 7. Trend Trading Trend trading, also known as "position trading," is a strategy where you identify the direction of the market trend (either bullish or bearish) and trade in the same direction. Trend traders often use technical indicators to confirm trends and make informed decisions. Best For: Traders comfortable with technical analysis. Pros: Can be highly profitable if the trend is strong. Cons: Trend reversals can lead to losses; requires constant monitoring. 8. Copy Trading Copy trading allows beginners to mimic the trades of more experienced traders. Many platforms, offer copy trading features where users can follow and replicate the strategies of successful traders automatically. Best For: Beginners who lack trading experience but want to trade like professionals. Pros: No need for deep market knowledge; can learn while following experts. Cons: Performance is tied to the skill of the trader being copied. 9. Moving Average Crossover Strategy The Moving Average Crossover strategy uses two different moving averages (usually a short-term and long-term average) to identify trends. When the short-term average crosses above the long-term average, it signals a buy. When it crosses below, it signals a sell. Best For: Beginners who are learning technical analysis. Pros: Simple and widely used, helps to identify trends. Cons: May lag behind price movements, leading to late entries or exits. 10. Relative Strength Index (RSI) Strategy The RSI strategy is based on the Relative Strength Index, a momentum oscillator that measures the speed and change of price movements. RSI values range from 0 to 100, with readings above 70 indicating overbought conditions (potential sell) and readings below 30 indicating oversold conditions (potential buy). Best For: Traders who prefer using technical indicators. Pros: Easy to use, widely available on most trading platforms. Cons: Can generate false signals in volatile markets. 11. Breakout Trading Breakout trading involves entering the market as soon as a cryptocurrency breaks out of a previously established support or resistance level. Breakouts often signal the start of a new trend, and traders look to capture profits as momentum builds. Best For: Traders who are comfortable with technical analysis and chart patterns. Pros: High profit potential if a new trend forms. Cons: Risk of false breakouts leading to losses. Conclusion For beginners stepping into the world of cryptocurrency trading, choosing the right strategy is crucial. Each of the strategies mentioned above caters to different risk tolerances, time commitments, and levels of expertise. Whether you prefer the slow and steady approach of HODLing or the fast-paced world of day trading, it’s essential to thoroughly understand each strategy before applying it in the market. Over time, you can experiment with various approaches and find the one that best suits your trading style and goals. As always, it’s important to stay informed, manage risks, and continue learning as you navigate the dynamic and exciting world of crypto trading. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"! Educationby Crypto4lightPublished 2
BTCUSDTBTCUSD ,the daily candle broke supply roof and i expect today candle to see more buy pressure and if the weekly candle breakout of supply roof ,we will see correction into broken supply roof as our new demand floor for uptick. the retest of previous all-time high is on the line and the probability of a new high in the zone of 83-81k and more advance buy could reach 100k00:52by ShavyfxhubPublished 2
BTC: MACD Signals Aligning for a Potential Buying OpportunityLooking at several factors in parallel, BTC’s MACD is showing promising signs. The fast-moving average has started to curl up, suggesting a possible bullish cross above the slower line—typically a strong buy signal. The histogram has also been in the red for several weeks but is now curling upward, and we could be looking at our first green week. However, the lack of a significant volume increase means there’s no clear confirmation of a trend reversal just yet, and we aren’t seeing the momentum required for new higher highs or all-time highs. But if these signals continue to align, this could turn into a fantastic buying opportunity. The question is: will you take buying or selling actions based on these signals?by cryptechcapitalPublished 1
BTC BullishLooking to see the Bull Market Support Band continue to act as support now that it has been reclaimed RSI also looking healthy Invalidation if price shows continued weakness below the Bull Market Support BandLongby cruisnnPublished 2
500R BTC LongExpecting a move to $140k within 4 weeks once the all time high breaks. High risk trade.Longby TipsOfPipsPublished 1
BITCOIN FRACTAL - 70K WILL BE A BRICK WALLHi, I'm sharing this fractal with you guys because it's my birthday month so am sharing something i made long ago. CRYPTOCAP:BTC is very close to my heart because it held me to chase my dreams. This fractal is clean with lot's of pain to the leverage participants because we are going to see some high volatile moves around 100k-120k. Anyone who has bought below 60k is going to rule this move. I have been long since 57k. $70,000 once taken out it's going to be a brick wall. 7 months consolidation is not going to be a penny move. CRYPTOCAP:BTC LET'S WAIT AND SEE!Longby fakeprincePublished 1
Start of full-scale uptrend: 64748.70-65920.71 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- In order to use the BW+ indicator in chart analysis, the existing HA-MS_BW+ indicator has been integrated and modified. -------------------------------------- The key is whether it can rise above the trend line (1). The StochRSI indicator seems to be entering the overbought zone. The fact that the StochRSI indicator has entered the overbought zone means that the upward strength is strong. Accordingly, there is a possibility that it will show an upward trend until it falls from the overbought zone, so you should look at the movement at the support and resistance points drawn on the chart. --------------------------------------- We need to check if the price can be maintained above 65618.80, which is the upper point of the HA-HIgh indicator box. The 65920.71 point is the HA-High indicator point on the 1W chart. Therefore, if the price is maintained above 65920.71, there is a high possibility that a stepwise uptrend will begin. However, since the StochRSI indicator has entered the overbought zone, it is expected to show a downward trend, so it is expected that support will be important around 65920.71. - The BW (100) line is currently formed at 73072.41. If the price rises a little more and a new BW (100) line is created, that area will be the split trading point. Otherwise, the current BW (100) line position, 73072.41, will be the split trading point. - If it falls below 64748.70-65920.71, the most important support and resistance point is 61099.25. However, before that, we need to check whether there is support near 62856.30, the lower point of the HA-HIgh indicator box. - The point of interest is whether the price can be maintained near the 64748.70-65920.71 range even after the next volatility period, around November 4th. If not, we need to check whether it is located near 56204.13. - Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCryptoPublished 12
Bitcoin selling position in the range of $68,000 to $70,000We have two scenarios for Bitcoin that I announced earlier. In scenario 1, bitcoin can decrease from $68,000 to $70,000, so you can enter a sell position in this area by getting confirmation in the 1-hour time frame. In scenario 2, the price crosses the $68,000-$70,000 area and collects liquidity above this area, if this happens Bitcoin may register a new ATH.Shortby mhbaniasadiPublished 4
Bitcoin long $69000-$70000Just now opened a new bitcoin long. This is my third attempt to long to $69000. first 2 entry plan wasn't followed a 100% and got burn there but risk management as usual so only need one 3 RR trade to recover. With this trade looking to take 50% partial at $69000...maybe a bit more then leave a bit to see how it goes. Full close at $69950 just before $70000 if we manage to push that highLongby FilnftUpdated 116
BITCOIN - Price can bounce down from wedge to $59000 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price declined to support line and at once bounced up to $60900 level and soon broke it. Then, price made retest and continued to move up to resistance line, after which it turned around and declined to support line. Next, price rose to resistance line, but soon started to decline inside wedge, breaking $64300 level at once. After this, price fell to support line of wedge and then bounced up to resistance line, after which started to fall. In a short time, BTC fell to support line of wedge, but recently it rose higher than $60900 level, breaking it. Now, I think that price can rise slightly and then bounce to $59000, breaking support level and exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoonUpdated 7743
BTCUSDT Pattern FormationThis crypto coin has been forming a falling flag and it has tested the upper trendline thus completing the pattern, a strong indicator of a bullish momentum! We will wait for the price to break out of the pattern so that we can have an entry point.by Vapari_IncPublished 2