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Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend. Key Support and Resistance Levels Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout. Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit. Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets. Trend Analysis The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum. The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable. Targets and Profit Zones The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario. Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7. Risk Management The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses. With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits. Conclusion Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Long
by ProfitsNinja
3
I'm light years away from everyone this was said September 30th On September 30th I posted that the last panic sale for bitcoin was a healthy pull-back and that it's just a panic sale People trolled me for that because they aren't traders they are gamblers And I've posted multiple time after that(check my profile) borderline begging people to buy Bitcoin for easy profit at least 5% now we are at more than 7% in 3 days Now is your chance buy as much as you can and follow to get the perfect exit point
Long
by thebitcoin_trader
2
More than 5% profit congratulations to the bullsIt's not too late this is just the beginning Since October we've seen a major panic sale from bitcoin holders simply because of some uncertainties regarding the political state of the USA I've entered my trade September 1st at 59036$ and I've been green since then Bitcoin did only what he was supposed to do which is recover in an explosive way 🧨🧨🧨🧨🧨 It's just the beginning it will at least go above the 65858$ higher high
Long
by thebitcoin_trader
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins. In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
Long
by SaadFiaz
BTC/USDT 4H Trade Setup: Potential for Bullish ContinuationBitcoin’s 4H chart shows a potential bullish continuation after a healthy retracement. The market has pulled back into a key support zone, providing an opportunity to enter this trade with a favorable risk-to-reward ratio. The setup aligns well with the optimism surrounding the month of October, often referred to as “UPtober,” where historical data has shown strong price action for BTC during this period. Technical Analysis: • Price has retraced to a key Fibonacci zone, signaling a potential buy opportunity. • The FibCloud indicator shows price maintaining above key support levels, with a bullish breakout being tested. • Volume is picking up, indicating growing interest at this level, which could push the market higher. Risk Management: Given the volatility of BTC, managing risk is crucial. We are placing stop losses just below the last significant low to protect capital in case the market fails to break higher. Stay alert, and let’s see how this setup unfolds. UPtober could live up to its name! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things: 1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different) 2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe) 3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe. I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH) Peace out! It's been fun... I may return to crypto one day (if ykyk)
BINANCE:BTCUSDLong
by RetiredNovice
BTC Big Fall With MA-200 read the caption The price faced hurdles near a key bearish trend line at $64,200 on the same chart. There was no convincing close above the 100 simple moving average (red, 4 hours). The price corrected gains and declined below the $63,500 level. Immediate support is near the $62,200 level. The next key support sits at $61,400. A downside break below $61,400 might send Bitcoin toward the $60,500 support. Any more losses might send the price toward the $60,000 support zone. On the upside, the price could face resistance near the $63,250 level. The next key resistance is at $64,502. A successful close above $64,500 might start another steady increase. In the stated case, the price may perhaps rise toward the $65,501 level
BITSTAMP:BTCUSD
by Mrsam36
BTC Holding Above EMA200: Will We See a Jump to $66K?📈 📈 BTC/USD is currently holding strong above the EMA200, which is a key indicator of support. If the current support level continues to hold, we could see a significant move up towards the $66K resistance. However, if the support fails, we may see a retest of the $60K support zone before any potential recovery. Interestingly, the Stochastic RSI on the 4-hour chart is signaling that the market is in an oversold condition, which increases the likelihood of a bounce back in the near term. The next few moves are crucial—keep an eye on these levels and manage your risk carefully. #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #CryptoUpdate
BITSTAMP:BTCUSDLong
by Malaysiancryptocommunity
BTC Bullish Outlook Based on BVIV Indicators (Oct 2024)Overview: I’m seeing a strong bullish signal for BTC based on the latest data from the Bitcoin Volmex Implied Volatility Index (BVIV) and related indicators. Here’s why I believe the current setup favors a potential move to the upside. Technical Analysis: BVIV (Volatility Index): The BVIV is trending lower, signaling that implied volatility is cooling off. Historically, declining volatility often precedes price stabilization, which can be a precursor to a bullish breakout. While the Z-score hasn't crossed below 0 yet, the trend suggests that this could soon happen, reinforcing the idea that the market is bottoming out. ATR Percentage: The ATR% is nearing the midline, and a break above it could indicate the start of increasing price action. This typically signals momentum building up for a larger directional move. Given that volatility is cooling off, I interpret this as a bullish signal for BTC. Z-Score of RSI: The Z-score of RSI has yet to cross below 0, but it is approaching the threshold. Once it does, it would further confirm the dissipation of overbought conditions and signal that bearish momentum is fading, adding strength to the bullish case. Macro Factors Supporting BTC: Institutional Adoption: With Bitcoin ETFs progressing toward approval and increasing institutional interest, BTC is poised to benefit from a shift in market sentiment. Global Liquidity Trends: Central banks have recently softened their stance on aggressive rate hikes, improving liquidity conditions for risk-on assets like BTC. This shift could support a price recovery. Safe-Haven Narrative: As inflation remains a concern, Bitcoin could reclaim its narrative as a store of value, particularly if traditional assets struggle amidst ongoing economic uncertainty. Post-Halving Cycle: Bitcoin is now several months into its post-halving phase (April 2024), a period that has historically seen significant price appreciation as supply constraints kick in. We could see this dynamic continue to play out, especially as the market anticipates further price gains in the months to come. Conclusion: Based on the alignment of these technical indicators and broader macroeconomic factors, I believe BTC is poised for a bullish breakout. While implied volatility is decreasing, rising ATR% suggests momentum is building for a strong move. I’ll be watching for confirmation of the Z-score crossing below 0 on the BVIV and ATR% breaking above the midline for additional conviction.
VOLMEX:BVIVLong
by LordGiorgioCapital
BTC 4 YEAR CYCLEDear Traders and CryptoLovers! Are we Bullish or Bearish? We actually want traders to turn bearish and be in shorts because when the market goes up, as per the cycle (explained in detail below), they get liquidated, and shorts buy long. These create bear tears. Bear tears are the SALTY goodness that pushes the market higher! Bitcoin is currently in a pivotal stage, aligning with its 4-year cycle, during which BTC rises after 6 months of sideways accumulation. Looking back at previous cycles, particularly in 2016 and 2020, Bitcoin showed similar patterns before major breakout rallies. In both cases, Bitcoin went through a strong bullish phase shortly after the halving event, leading to all-time highs. We had a new ATH prior to this point in this cycle, and this is because we are potentially in wave 3 of the supercycle; for those who are aware of ELLIOTT WAVE Cycles, my idea here has been very accurate. Bitcoin’s 4-year cycle is primarily driven by the halving event, a key feature of its protocol that occurs approximately every four years (or every 210,000 blocks). During this event, the block reward given to miners for validating transactions is cut in half. This reduction in the rate of new Bitcoin entering circulation creates a supply shock, which typically has a profound impact on Bitcoin’s price. Here’s how the 4-year cycle works: 1. Halving Event (Supply Shock): Bitcoin's maximum supply is capped at 21 million coins. To manage this limited supply, the halving event ensures that fewer Bitcoin are introduced over time. The block reward started at 50 BTC in 2009, and it halves approximately every four years. 2009, 50 BTC 2012, 25 BTC 2016, 12.5 BTC 2020, 6.25 BTC 2024, 3.125 BTC This reduction in supply increases scarcity, and as demand either remains stable or rises, the price tends to increase. 2. Phases of the 4-Year Cycle: The halving drives the Bitcoin market through four main phases: Accumulation Phase (Post-Crash) : Bitcoin usually experiences a bear market after a peak. During this time, investors begin to accumulate BTC at lower prices. Pre-Halving Accumulation (Consolidation) : Prices tend to consolidate in the 1-1.5 years leading up to the halving. Investors anticipate the reduced supply, and confidence builds as the market prepares for a new bull run. Post-Halving Bull Run : After the halving event, there’s typically a massive price surge as scarcity becomes more apparent and demand spikes from retail and institutional investors. This phase usually brings Bitcoin to new all-time highs. Blow-Off Top and Bear Market : Once Bitcoin reaches extreme heights, there is usually a correction or "blow-off top," followed by a bear market. The cycle resets as prices gradually stabilise, and the accumulation phase begins again. 3. Economic Principles of Supply and Demand: The halving reduces the rate at which new Bitcoin is produced, cutting supply. If demand remains strong or increases, the price rises sharply because fewer coins are available. This pattern leads to predictable price movements around the halving events, fueling the 4-year cycle. 4. Investor Psychology: Market psychology also drives Bitcoin's cyclical nature. Many investors recognise the halving as a bullish catalyst, which attracts more interest and buying activity as the event approaches. As prices rise post-halving, media attention increases, drawing new participants into the market. This often results in an explosive bull run, followed by an inevitable correction. Historical Context: Bitcoin’s 4-year cycle has played out repeatedly since its inception: 2012 Halving : Preceded by a major bull run in 2013, where Bitcoin reached over $1,000 before crashing. 2016 Halving : Led to the 2017 bull market, where Bitcoin hit nearly $20,000 before the market correction. 2020 Halving : Triggered the 2020-2021 bull market, with Bitcoin reaching an all-time high of around $69,000 in November 2021. The recent price action, especially in “Uptober,” shows that the market is waking up. Historically, this month has often been bullish for Bitcoin. With rising institutional interest, especially ETFs, clearer regulatory frameworks, and a growing awareness of Bitcoin's role as a hedge against inflation, the potential for a breakout seems stronger than ever. If Bitcoin follows its past cycles, we may be on the verge of a significant move upward. While there's always risk involved, the cyclical nature of Bitcoin’s market structure suggests that the next rally could take us to new heights, making this a crucial time to be BUYING THE DIP! (and I don't mean hummus) While I am seeing many say this cycle is different, I don't think it is. And if I am wrong, I have a stop loss, and so should you! The only way to survive this market is to protect your capital. Safe trading and cheer's to a HUGE year ahead. ♥️ Lisa
Long
by LisaNEdwards
4