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XBT30M trade ideas

BTC is going to reach new ATH around $75k-$90k in January 2024First off, Bitcoin is in a very strong bull market since 2009 so likelihood of new ATHs is always higher than not-reaching ATH ever again. Throughout 2022 Bitcoin was in a clear correction / pullback phase after 2021 distribution. Market got cleared out of leverage with Luna, FTX, 3AC, etc. fiascos and built ground for a new wave of a bull market. Bull market started in 2023 with no signs of distribution so will likely continue. Price is very close to ATH and given 10 Jan 2024 ETF deadline its about time for big emotional swings no matter whether ETF gets accepted or denied. MA50 D1 acted as a support in 2023 bull market so it's very likely it will act as a support again and price is very unlikely to break through it down. Other than that price is consolidating in a clear abc Eliott Wave correction below strong $42000 resistance, once it breaks out there is no real resistance until ATH. Also, price is in a clear Eliott Wave ending diagonal pattern since a couple of months and ending diagonals in BTC bull markets tend to break up with strong impulsive movements. All cards are lined up there is a huge likelihood of ATH soon with ETF deadline being a catalyst for the move. BTC is a very strong buy now.
BITMEX:XBTLong
by rafbie
5
BTC short-term is going to drop from $42700 to $40k.We are in a bull market and through Dec 2023 clear a, b, c correction is being made. Wave a and b are clearly done. Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5. The drop won't stop until price reaches $40k level. It's a good trade with a very high likelihood of success and amazing risk to reward. $42700 is a good place to short with a stoploss at $43900 (above wave 4) and take profit $40k.
BITMEX:XBTShort
by rafbie
1
X MARKS THE SPOTI'm starting a new series of analysis called X MARKS THE SPOT. A fun and simplified way to present price targets without the "fluff". I will save all my results into a database and present yearly reports. The X represents our price target - obviously - however as many of my followers have witnessed throughout the years, my self taught analysis tends to be extremely accurate. This will be a good way to measure accuracy, something which should be deemed impossible. The X represents our goals which may happen before or after the predicted time frame. Above and below the target are my support/resistances. They are not traditional and instead curated with my analysis Having said that, it is important to exercise risk management. Now, lets begin this series and the life people bring to it. I will incorporate entry and stop loss in future analysis as well.
BITMEX:XBTLong
by BitcoinOasis
BTC topping out around low 50s then coming to test 28-34k = MOONHello, Green money flow curling up. I see alot of resistance ahead . BTC seems to be gasing out. I see a top out at low 50s because of the thick resistance. This would line up perfectly with what market cipher (lower indicator) Creating a smaller wave (marked yellow bottom) which then sends us to the moon with a thick green money flow wave. All of this perfectly times with the 2025 halving , multiple interest rate cuts in 2024 which could tank the market and more wars, covid before elections ETC. 100k is the dream but im realistic and my track record shows. I shorted 46k in March 2022 when everyone was longing, proof in my "ideas"
BITMEX:XBTLong
by Ripmangojuul
4
Bitcoin $52kBull to bear perspective for the next year and a half. 52.3k rejection and an assessment to see if the recent parabolic trend breaks, if so structure needs to be assessed for potential head and shoulder formations. Downside target could be as low as 7.2k. Always assess risk and always be prepared to be wrong. The downside drop is contingent of a bearish outlook on the stock market, and for the interest rate hikes over the last year to finally take effect. Also the swing from 3k to 69k, it would be ideal for price to rationalise this sudden rise by coming to the lower levels sub 10k before commencing the actual big bull. For now, enjoying these mini bull and bear cycles seem to be the name of the game rather than hodling and hoping. Further, a rejection at 52.3k in January would be the ideal time for an ETF approval, as we have seen approvals lead to large declines in the past. :D
BITMEX:XBT
by TheCheartBreaker
How it has been going and how it isCurrently my prediction for the last 6months has been fairly close with the price movements, we fell into the accumulation zone and now I will be predicting the price movement until march. My predictions are off historical movement, not doing wyckoff, elliot wave, etc.. anymore as I have found that they are meaningless in the economic state of the world. 10-12k bottom I still feel is relevant wont see that until January or February, the way the price moves to those levels are irrelevant as well, as long as we get to those levels. I will become a bulltard again when we get to those levels as I see a lot of the market over extension being over by that time and then the shorts will then be at risk capitulating the price as they get wiped from the order books. Instead of being scared at those price levels do what everyone else is NOT doing BUY and hold til Sept of 2025 and you'll be happy. Over and out. -KewlKat
BITMEX:XBTLong
by kewlkat
Another opportunity to short XBTBITMEX:XBT has been touching the area of 25'980 USD, for a couple of days showing a huge support around that area. However, in theory with each touch on the area its gonna be debilitated. In sum, I think it's a matter of days when we broke again to the downside having an opportunity for a short (if you are not already or in cash). The move it's gonna be tricky. My strategy is the following: 1) If we touch again the area in consideration I will put a short with a Stop Loss (SL) with a medium conservatism waiting for a quick rebound (as in previous cycles). 2) I will close 25 % of my position at 24'000 and keep taking profit every 1'000 USD until getting to 75 %. I will keep updating this idea as the market evolves rapidly.
BITMEX:XBTShort
by ocramanilom