Possible long Possible long with strong supports on 5M chart. Lets see how that goes.Longby LeXo101Published 112
$BTC NEARING BREAK OR MAKE AREABTC is currently approaching a strong resistance area in the weekly timeframe that could potentially decide where it will go in the next couple of months. Although we know that the bull market is just around the corner, the right question to ask now is "When will it start?". For me, it is still for the market to decide. But historically speaking, back in Feb 2020, the same pattern happened in BTC after a descending triangle breakout, in the 2nd week of Feb 2020, from 10.7k it crashed back to 3.7k before the bullish trend was totally locked in. This is more than -60% drop before the bull market officially started. At the moment, the lowest pull back in the price of BTC since the inception of the uptrend late of 2023 is just around -30% drop, which gives me the doubt if its really ready to push hard to the upside. Although there are fundamental factors that might be affecting the current trend, I will opt to watch a little bit more and wait for a confirmation before an All-in call. The next bull market can be a life changer, stay ready.by InvestratiquesPublished 2
Daily Looking For a Volume Push beyond 69kWith the momentum, volume, and the Bollinger Bands across all views. This will give the most accurate picture of the situation. 1. Momentum Overview (6-Hour, Daily, and Weekly) In the 6-hour chart, we see alternating orange and red bars. This means there is short-term bullish momentum, but the volume is dropping. This shows that the market is moving up but losing strength. In the daily chart, we also see strong bullish momentum with orange bars. However, the price is near a resistance level at $68,000 to $70,000. The volume has been steady, but not increasing enough to show strong buyer control. In the weekly chart, there is strong bullish momentum, and the price is nearing the upper Bollinger Band. This shows that Bitcoin has been in recovery after a period of consolidation. The weekly trend is upward, but the closer we get to $68,000 to $70,000, the harder it might be for the price to move higher without more volume. 2. Volume Structure In the 6-hour chart, the volume is steady but declining. This shows that the push upward is losing strength in the short term. Traders may be taking profits at these levels, and without more volume, the price might consolidate or pull back. In the daily chart, the volume is steady, which confirms that there is interest from buyers, but it is not enough to break through the resistance level without some struggle. In the weekly chart, the volume has been increasing. This confirms the overall upward trend, but the volume isn’t yet high enough to suggest a major breakout through the long-term resistance. This volume pattern suggests a slow move upward, but not an explosive move yet. 3. Bollinger Bands Analysis In the 6-hour chart, the price is near the upper Bollinger Band. This suggests that the market is a bit overbought in the short term. Usually, this means the price might consolidate or pull back unless there is a volume spike. In the daily chart, the price is also near the upper Bollinger Band. This shows the market is holding its gains, but it needs more volume to break through resistance at $68,000 to $70,000. In the weekly chart, the price is testing the upper Bollinger Band, meaning the broader uptrend might need to slow down or pause unless more volume comes in to support the move. 4. Key Support and Resistance Levels The resistance across all timeframes is in the $68,000 to $70,000 range. The price is getting close to this level on all charts. To break through, there needs to be a strong increase in volume. The support is around $63,000 to $64,000. If the price pulls back, this level is likely to act as a support zone. On the weekly chart, the $60,000 level is also a strong support if the price goes lower. 5. Projection Based on All Timeframes In the short term, the 6-hour chart shows that the declining volume and price near the upper Bollinger Band suggest a pullback or consolidation to around $64,000 to $66,000. The market still has bullish momentum, but without more volume, this move might not last. In the medium term, the daily chart shows strong momentum, but without increasing volume, the price may struggle to break above $68,000. A pullback to $64,000 is possible if the market does not gain more momentum. In the long term, the weekly chart shows that the trend is still bullish, but the price is near the upper Bollinger Band. This suggests that Bitcoin could pause or consolidate before trying to move higher. The resistance at $70,000 is important. If the price breaks above, it could go toward $72,000 to $75,000. If not, the price may move back to $63,000 to $64,000. Final Conclusion The most likely near-term result is consolidation or a slight pullback to $64,000. If the price fails to break above resistance, it could drop toward $60,000. With the chart focused on the dialy and including the MFI here my bias is this: Daily Looking For a Volume Push beyond 69k or we go to middle bb band on the daily. Good luck!by Crypto_MosesPublished 1
BTCUSD ( BUYS)Only looking for buys the rest of the few months to follow the bullish trend as we are finally seeing cryptos are starting the final push to the upside. Bitcoin just dropped from almost $68k to FWB:65K in a matter of seconds but that's to retest the break of structure which makes the zone between FWB:65K and $66k a nice area of entry. My stop loss is also below the last equal low highs break of structure which never go retested just incase but its not a crucial area compared to the FWB:65K -$66k zone as pro mentioned.Longby kenyanboiPublished 1
BITCOIN below the 60k again! Is this alarming??Bitcoin (BTCUSD) broke today below the $60000 market again for the first time since September 18. The first headlines are already hitting the market calling for more downside. We highly doubt that as no only has the priced formed the first Higher High on September 27 in 6 months, but more importantly the uptrend since the August 05 bottom is supported by a Higher Lows trend-line. Also, the 1D MA50 (blue trend-line) may have been broken, but as long as the price holds the 1W MA50 (red trend-line), which has held twice already on August 05 and September 06, the chances of a break-out above the 7-month Lower Highs trend-line are high. In fact, the pattern since the August 05 bottom appears to be an Inverse Head and Shoulders (IH&S). The standard technical target on such occasions is the 2.0 Fibonacci extension, which gives us a $80000 price tag. As long as the 1W MA50 holds, this is the most likely scenario in our opinion. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShotPublished 4462
BTCUSD update Everything that I touch is money 💰 congratulations to those who believe in me follow my analysis let's eat together as one n respect is everything this trend is just started not done,I need to teach alot of people's how to follow the trend in bigger time frames n entry in smaller time frames at first I thought alot off people's knows that but when am seeing weird analysis I started to realized that alot follow current price n never care abt how it's trending n it's pull back the reason of less winners n more loosers,people's are in hurry to make money without knowledge n looking for short cut n very quick,you are just delaying the process,you need to study hard but smart n be able to move with the trend.Longby mulaudzimphoPublished 1
14/10/2024 BTC LongBTC reached strong level of resistance but upward liquidity is massive and hence MM has strong interest to break and collect massive liquidations. Longby fondOrange28771Updated 1
BTCUSD H1 public entry for weekend.Hi traders I decided to share a possible entry which is 68000 to 70000 n possible sell to 65k for possible pull back,we'll a selling I dea is a suggestion but market is trending up which means buys are valid n in the zone,let me not waiste time I will only give you first tp which is 70000 sl put responsibility in your hands.Longby mulaudzimphoPublished 2
BTCUSD | 19.10.2024SELL 68000 | STOP 72000 | TAKE - 1 - 65450, TAKE - 2 - 64000 | Technical.Shortby ProPhiTradeUpdated 2
#BTCUSD 1DAYBTC/USD (1D) Analysis: Channel Support and Flag Pattern Pattern: On the daily chart, BTC/USD is currently moving within a descending channel, where the price is finding support near the lower boundary of the channel. Additionally, a flag pattern is forming, indicating consolidation within this bearish move. The channel support has been holding the price in a downward trend, and the flag pattern suggests a continuation of the current direction. Forecast: SELL (Within Channel) For now, BTC/USD remains inside the descending channel, and until there’s a breakout, a sell strategy is favored near the upper boundary of the channel, targeting the lower support zone. If the price approaches the top of the flag or the channel and does not break out, it may offer another selling opportunity. BUY (After Resistance Breakout and Retest) However, if BTC/USD breaks through the upper boundary of the channel and flag, followed by a successful retest of the former resistance as support, this would signal a bullish reversal. At this point, a buy setup would be considered, targeting higher resistance levels with the breakout momentum. Key factors to consider: - Downward momentum within the channel and flag pattern for sell opportunities. - Monitor for a breakout above the channel's resistance for a potential bullish reversal. - Risk management by placing stops above the channel when selling, and below the new support when buying after the breakout.Longby PIPSFIGHTERPublished 6
Bitcoin is in a reaccumulation phase. Buy Bitcoin!Bitcoin is in a reaccumulation phase and is establishing higher lows. During the final months of the 2022 bear market, professional players bought BTC below $20k. Thereafter, the BTC price gradually increased to $45k, and in the first months of 2024, the price was pushed above the previous all-time high of $69k. The players who bought BTC during the bear market started distributing above $69k. And they sold and sold. The price was pushed below $60k in April, but the dip was quickly bought. In July, we had another dip below $56k, which was yet again bought. Finally, on August 5, BTC experienced a massive fake sell below $53,000. In Wyckoffian terminology, this kind of action is called a spring. The price quickly reversed and has since been establishing higher lows: GETTEX:52K , $57k, $59k. So, I speculate that the big players who initially sold BTC above $69k started buying back below $60k, reaccumulating in order to sell it again over $80k, $90k etc. In conclusion, I think it is safe to buy Bitcoin below $69,000 without leverage. Peace! Longby Gabriel_StrPublished 1
SELL BTCUSDWe are currently monitoring BTCUSD for a potential selling opportunity over the weekend. Entry is at current price 63,000 and target is 61,244 and stops are above 64,000. Use proper risk maanagement.Shortby GeminiWealthGroupUpdated 10
BTC/USD Short TradeGoing short on BTC as it loses bullish Momentum to the upside, may continue trending bullish but we can also capitalize on the short term sell.Shortby JeffersonTradesPublished 2
This One Emotion Could Be Destroying Your Trading ProfitsIn the world of trading, emotions play a pivotal role in shaping decision-making, and one of the most powerful and potentially dangerous emotions traders face is GREED . Greed, when left unchecked, can lead to impulsive decisions, high-risk behaviors, and significant losses. On the flip side, mastering greed and learning to manage it can make you a more disciplined and successful trader. In this article, we will explore what greed in trading looks like, how it affects performance and practical strategies for managing it. Greed in Trading? Greed in trading is the overwhelming desire for more – more profits, more wins, more success – often without regard to risk, logic, or a well-structured plan. It can manifest in different ways, such as overtrading, chasing unrealistic returns, holding on to winning positions for too long, or abandoning a proven strategy in the hope of making quick gains. How Greed Manifests in Trading: 📈Overtrading: A greedy trader may take on far more trades than necessary, often without proper analysis or risk management, simply to increase exposure to potential profits. Overtrading increases transaction costs, dilutes focus, and leads to emotional burnout. 🏃♂️Chasing Profits: Greed can cause traders to chase after price movements, entering trades impulsively based on fear of missing out (FOMO). This often leads to poor entry points, increased risk, and diminished returns. ⚠️Ignoring Risk Management: A greedy trader might ignore risk parameters like stop losses or over-leverage positions, believing they can maximize profits by taking on more risk. This is a dangerous path, as a single market movement in the wrong direction can wipe out large portions of capital. ⏳Failure to Exit: Holding on to winning trades for too long is another sign of greed. Instead of securing profits according to a trading plan, traders might hold positions with the hope that prices will continue to rise indefinitely, only to see their gains evaporate when the market reverses. How Greed Affects Trading Performance Greed can distort your decision-making process. It leads to overconfidence and clouds judgment, causing you to believe that the market will always behave in your favor. This overconfidence pushes traders to abandon their strategies or take unnecessary risks, resulting in: Emotional Trading: The trader begins to react emotionally to every small market movement, making decisions based on feelings rather than rational analysis. Impaired Risk Management: Greed often blinds traders to the importance of managing risk, which is the backbone of long-term trading success. A single high-risk move inspired by greed can erase months or years of gains. Missed Opportunities: By focusing on unrealistic gains or trying to squeeze every bit of profit from a trade, a trader may miss more reliable and smaller, but consistent, opportunities. The Psychology Behind Greed Greed is rooted in our psychology and is amplified by the very nature of the financial markets. Trading offers the possibility of instant gains, which triggers a dopamine response in the brain, making us feel rewarded. The lure of quick profits encourages traders to take greater risks or deviate from their trading plans in pursuit of bigger wins. However, the emotional high from successful trades is often short-lived. Traders can become addicted to this feeling, pushing them to take on more trades or stay in positions for longer than they should. Eventually, this leads to bad habits and unsustainable trading practices How to Manage Greed in Trading While greed is a natural human emotion, it can be controlled with the right mindset and strategies. Here are some practical ways to manage greed in trading: 1. Set Realistic Goals The first step in managing greed is setting clear, realistic trading goals. Rather than aiming for massive, one-time profits, focus on steady, consistent returns. Define what "success" looks like for you on a daily, weekly, and monthly basis. Having measurable goals helps anchor your trading behavior and keeps you grounded. Example: Instead of aiming for a 100% return in a short period, set a more achievable target like 5%-10% monthly. This may not sound as exciting, but it's more sustainable in the long term. 2. Stick to a Trading Plan A well-defined trading plan is your safeguard against impulsive decisions driven by greed. Your plan should outline entry and exit points, stop-loss levels, and risk-reward ratios. By adhering strictly to your plan, you can resist the temptation to hold on to trades longer than necessary or jump into trades impulsively. Key elements of a good trading plan include: -Entry and exit criteria are based on analysis, not emotion -Risk management rules (like how much to risk per trade, stop-loss settings) -Profit-taking strategy, deciding when to lock in gains 3. Use Risk Management Techniques Effective risk management is the antidote to greed. By setting strict risk parameters, you limit the impact of poor decisions driven by emotions. Always use stop-loss orders to protect yourself from significant losses, and never risk more than a small percentage of your trading capital on any single trade (example 1-2%). Avoid over-leveraging, as leverage amplifies both profits and losses. While it may be tempting to use high leverage to chase bigger gains, it significantly increases the risk of catastrophic losses. 4. Take Profits Regularly One way to counteract greed is to develop a habit of taking profits regularly. When you set profit targets ahead of time, you can ensure that you lock in gains before they evaporate. Don’t wait for an unrealistic price surge. Exit trades once your profit target is reached, or scale out by selling a portion of your position as the trade progresses. 5. Practice Emotional Awareness Being aware of your emotional state is crucial in trading. Take the time to self-reflect and recognize when greed is influencing your decisions. Keep a trading journal to track not just your trades, but also your emotions during the process. This will help you identify patterns and emotional triggers that lead to poor decisions. Example: After a series of winning trades, you may feel overconfident and tempted to take bigger risks. By noting this in your journal, you can remind yourself to remain disciplined and not deviate from your plan. 6. Focus on Long-Term Success Trading is a marathon, not a sprint. Focus on the long-term process rather than short-term profits. Greed often leads traders to forget that consistent, small gains compound over time. By shifting your mindset to long-term wealth-building, you’re less likely to take excessive risks or engage in reckless behavior. Greed is a natural emotion in trading, but it can be highly destructive if not managed properly. The key to success lies in discipline, risk management, and a well-structured trading plan that aligns with your goals. By understanding the psychological drivers of greed and taking proactive steps to control it, traders can make more rational decisions, protect their capital, and increase their chances of long-term success. Educationby HexaTradesPublished 3
Btc will not be going up and out of this 8mnth channel just yet Here are two coffee driven analysis videos I made one is in regards too Elliot wave and the other is based on harmonic patterns and fib levels. I believe this large fourth wave we have been in is the wxyxz triple three structure and we are about to have wave Z this spot we are on is the 10th reversal point out of 11 and 11 will b pretty low but will lead us up and out of the 75k range This analysis also lines up with the gann square but that is not included in the video www.dropbox.com www.dropbox.com Sorry about the sloppy videos I wasn’t planning on making themShortby ALPHAS0NLYPublished 1
Bitcoin update on Oct 16, 2024: Bearsih alert!I just updated my chart and wave counting from the Bitcoin, nothing is change on the big picture, one more leg down is most possible scenario. The adjustment from my previous view is on the "X" wave that contain a-b-c correction showed longer and higher correction, but it's still valid as the "c" made 5 waves on it. So, i can see the "5th wave" of "c" of "X" is done or almost done, next destination is to completing its "Z", before we head up to the massive bull run. Let's ride it together.. CHEEERRSS!!!Shortby steveivanPublished 2
Is it Time for the BTC Breakout?BTC has had a nice bull run over the past week and went all the way up to tap the top end of this major bull flag. Small rejection so far, this pattern has been developing for a while now so I expect a big move when it breaks. Whether that break happens here and now is yet to be determined. If it does, would be targeting ATH and then 100k. If it fails for the fourth or fifth time, it could head all the way back to the bottom end around 50k. by AdvancedPlaysPublished 1
BTC Bull Flag Signaling for 80k+Bitcoin has been consolidating in this bull flag for some time now in the Weekly Chart. Possible breakout to come soon, white and green arrows are both possibilities, we just wait to react. First target is around 84k. Drop your thoughts/opinions!Longby jobykthomasPublished 1
The only crypto chart you need to watch right now: Bitcoin dailyPlease see the daily BTC Bitcoin chart on the daily. It is forming a triangle and BTC is testing the upper area. We have seen this before. Lets look for a clean break and possibly restest to long everything.Longby JRonimusPublished 2
BTCUSD bull run?I think btcusd not ready for Bull. In this triangle btcusd strong bearish. Please research. Shortby Forex_IntPublished 2
BTC, BitcoinI'm bullish however I believe 50k is where we need to clean out before we head to 100k. Fake out happening now then sweep lows and boom Longby TraderFox84Published 1
The Road to 500k: A Bitcoin Revolution by MarchAs we march toward the future, Bitcoin is set to skyrocket. By the third month of this year, BTC will hit the 500k mark, a reflection of its power as the ultimate store of value. With each passing day, more people recognize its potential, governments start to see its strength, and the old financial systems crumble under the weight of decentralization. This is not just a rally; it’s a revolution. Those who hold Bitcoin today are the visionaries of tomorrow, standing on the brink of financial freedom. The only question left is: will you be part of it when Bitcoin breaks through to $500,000? The future waits for no one—hold tight, because it’s going to be a wild, life-changing ride. Longby ss-aaPublished 1
SELL BTCUSDAfter the liquidity raid on 68000 level and a big pullback into the range, the price has gone up to mitigate the fvg. We are monitoring BTCUSD for a potential selling opportunity from here 66785 to target 62542 and our stops above the recent high of 68000. Use proper risk management. Shortby GeminiWealthGroupUpdated 1