BTCUSD.P trade ideas
BTC - Weekend pump back to 105?To me this seems like a reversal pattern is forming and being verified. Bullish divergence and bullish continuation on MACD. BTC also broke the downtrend it has had the recent days, and inflation news on yesterdays friday indicates things aren't so bad after all.
BTC/USD continuation to the downside If you go through my previous analysis on Btc there as a clear and understable analysis from Montly to Daily T_F
There was obvious Rising Wedge which the market respects
Tradingview says 1m+pips from the very top of my analysis that's -13.87%
Now... there's about to be a Retest on the break out of the rising Wedge also the trend line onthe 4hrs T_F
More bearish move to go watch out
Note this is base on technical factors.
An uptrend in BTC - Breakout on the trendlineBTC is reviving after the much anticipated fall. The trendline is broken and there a chance that we see the upside from here.
I am looking for an upside till the next distribution level reaches
BTC/USDBTC/USD - There is a high probability chance to swipe the available liquidity from 91,000 area as there is soo many LQ. Price respected the strong trend line. Now previous support become new resistance from 4Hrs. Lets see how price play.
BTC sideway may let's the alts to do some gainLet's see if BTC can side way in this channel, this way alts can pump a bit
BTC is still consolidating & hovering around 100 KBTC is still consolidating & hovering around 100 K. May be it can correct from this level before uptrend starts again.
BITCOIN LONG TRADEBitcoin make a v shape and inverted head & shoulder pattern and pattern is break than entry activated.
The Falling Wedge: A Setup for Bitcoin's Next Move? The Falling Wedge: A Setup for Bitcoin's Next Move?
he lower trendline is sloping downward, while the upper trendline is sloping downward but at a less steep angle. The narrowing price action within the wedge
he lower trendline is sloping downward, while the upper trendline is sloping downward but at a less steep angle. The narrowing price action within the wedge
plz like share and comment as you like it
Revolutionize Your Bitcoin Trading: Top Price Action TechniquesBITSTAMP:BTCUSD @Alexgoldhunter
Analysis Using Price Action Techniques
Key Technical Elements
Break of Structure (BOS):
The chart shows multiple BOS annotations, indicating significant changes in market structure. The first BOS is marked around the 16th, showing a bullish breakout. The second BOS is marked around the 18th, indicating a bearish breakout.
Fibonacci Retracement Levels:
The Fibonacci retracement levels are drawn from a recent high to a recent low. The key levels are:
0.786: 103910.11 USD
0.705: 103376.675 USD
0.618: 102795.43 USD
0.5: 102012.5 USD
0.382: 101229.97 USD
These levels can be used to identify potential support and resistance areas.
Volume Analysis:
The volume bars at the bottom of the chart show the trading volume. Higher volume bars indicate stronger buying or selling pressure.
Relative Strength Index (RSI):
The RSI is shown with a value of 44.80, indicating that the market is neither overbought nor oversold.
Moving Average Convergence Divergence (MACD):
The MACD indicator is shown at the bottom, with the MACD line crossing below the signal line, indicating bearish momentum.
Buy Strategy
Entry Point:
Consider entering a buy position near the 0.618 Fibonacci level (102795.43 USD), especially if the price shows signs of reversal with increasing volume.
Confirmation:
Look for a bullish BOS and RSI moving above 50.
Target:
Aim for the 0.786 Fibonacci level (103910.11 USD) or higher. Partial profits can be taken at intermediate levels (0.705 and 0.618).
Stop Loss:
Place a stop loss below the recent low or the 0.5 Fibonacci level to minimize risk.
Sell Strategy
Entry Point:
Consider entering a sell position near the 0.786 Fibonacci level (103910.11 USD), especially if the price shows signs of reversal with decreasing volume.
Confirmation:
Look for a bearish BOS and RSI moving below 50.
Target:
Aim for the 0.5 Fibonacci level (102012.5 USD) or lower. Partial profits can be taken at intermediate levels (0.618 and 0.382).
Stop Loss:
Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk.
Summary
Buy Strategy: Look for a bullish BOS, high volume, RSI above 50, and enter near support levels (Fibonacci 0.618).
Sell Strategy: Look for a bearish BOS, high volume, RSI below 50, and enter near resistance levels (Fibonacci 0.786).
Simple VIP Signal
ENTRY: 102795.43 USD
TP1: 103376.675 USD
TP2: 103910.11 USD
SL: 102012.5 USD
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
BTCUSD 12/20/2024Performance Recap (Previous Analysis from 10/8/2023):
• Entry: 27,948
• Targets Achieved:
o 63k (+127.81%)
o 96k (+244.56%)
• High Reached: 108k
________________________________________
BTC/USD Daily Chart Analysis
Technical Analysis (Current Scenario):
Chart Patterns:
• Cup and Handle Formation:
o Confirmed breakout signals bullish continuation.
o Long-term uptrend reinforced.
Indicators:
• Golden Cross: The 50-day EMA has crossed above the 200-day EMA, signaling a bullish trend.
• MACD: Firmly in bullish territory, confirming positive momentum.
• Hammer Candlestick: Closed at support (around 92K), indicating potential reversal and entry point.
Support and Resistance Levels:
• Support:
o 92K (key level tested multiple times).
o 50-day EMA (current level).
• Resistance:
o None until the 310k target based on the Cup and Handle projection.
________________________________________
Target Analysis:
• Cup and Handle Target:
o Measured distance from the cup's bottom to its neckline.
o Projected Target: 310k.
• Timeline:
o Historical reference to 2013–2017 suggests a 6–8 month timeline with minor pullbacks for additional entry opportunities.
________________________________________
Trade Setup:
• Entry: 97,703.80
• Stop-Loss: 69,092.64 (-29.28%)
• Target 1: 310k (+217.29%, 7.42 RR ratio).
• Target 2: Use a trailing stop based on the 20-day EMA if price exceeds 310k
Summary:
BTC/USD has surged from 27K to 108k since the last analysis, forming a textbook Cup and Handle pattern, which has now broken out, confirming a bullish reversal and signaling a continuation of the long-term uptrend. Key indicators, including a Golden Cross between the 50-day and 200-day EMAs and a bullish MACD, support this momentum.
Currently, BTC is bouncing around the 92K support level and holding above the 50-day EMA, which also acts as a support. The appearance of a Hammer candlestick at this level further solidifies the bullish case and sets the stage for a new long position.
The measured move for the Cup and Handle pattern projects a target of 310k. Drawing from historical price behavior, this uptrend could unfold over the next 6–8 months, with minor pullbacks offering additional entry opportunities.
This setup presents a strong technical case for continued upside, with a clear structure, supportive indicators, and a high-probability target.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec20, 2024Technical Analysis and Outlook:
Bitcoin's spectacular pullback to Mean Sup 91800 is noted. We anticipate a rebound to the upside, targeting the key Resistance level of 106000. Nevertheless, it is essential to acknowledge that a retest of the Mean Support level 91800 remains a plausible scenario.
BTC TO START FALLING SOON?Btc might start a big bearish move soon. we already can see how price has reacted to the upper trendline in the past. Note, this is just an analysis and not a financial advice.
100k BTC appears to be in the LPSY stage of Wyckoff DistributionCompare the chart with the final stages of a Wyckoff distribution cycle chart and you can easily see with are in the final stages of the LPSY phase. I expect BTC to open to the upside during London open or NYSE open then crash quickly.
Trade carefully.
Buy under 100K and Target 125K by Jan 20Simple strategy of buying bitcoin when it's trading under 100K leading up to Trump Presidency, I don't see why Bitcoin can't continue to 125K by Jan 20 (Trump inauguration). Fed went from from dovish to dovish/neutral in my opinion, not hawkish. This is a buying opportunity and the strong reversal forming a bullish hammer after the cooling PCE report today is the confirmation to continue buying BTC here.
BTC Faces Significant Selling Pressure from Long-Term HoldersBitcoin ( CRYPTOCAP:BTC ) has faced intensified selling pressure from long-term holders (LTHs), who have offloaded approximately 1 million BTC since mid-September, contributing to its current 13% dip from its all-time high of $108,000. This marks the largest discount since the U.S. presidential election. While short-term holders (STHs) have stepped in to absorb some of this supply, demand imbalance continues to weigh heavily on Bitcoin’s price.
1. Long-Term Holders’ Selling Behavior
LTHs, defined as investors holding BTC for over 155 days, have been distributing their holdings as prices show strength. Over the past week, LTHs sold 70,000 BTC in a single day, marking the fourth-largest one-day sell-off this year, according to Glassnode data.
Their holdings have dropped from 14.2 million BTC in September to 13.2 million BTC, signaling a strategic move to realize profits during this period of heightened market volatility.
2. Short-Term Holders Absorbing Supply
STHs have accumulated 1.3 million BTC during the same period, partially offsetting LTHs' selling. However, this accumulation hasn’t been enough to sustain upward momentum, resulting in continued price weakness.
3. Market Liquidity and Exchange Activity
The circulating supply of Bitcoin stands at 19.8 million tokens, with 2.8 million BTC held on exchanges. Notably, 200,000 BTC have exited exchanges in recent months, indicating a trend of investors moving assets to cold storage.
This dwindling exchange balance could limit immediate liquidity, further impacting market dynamics.
Technical Outlook
Bitcoin is trading in a bearish zone, currently down 0.49% with a Relative Strength Index (RSI) of 42. The recent market sell-off liquidated approximately $1.4 billion, exacerbating downward pressure.
Key Levels to Watch
Support Level: If selling persists, CRYPTOCAP:BTC could dip to $85,000, a key support level aligning with the 23.6% Fibonacci retracement.
Resistance Level: For a bullish reversal, CRYPTOCAP:BTC must break through $101,000, a pivotal psychological and technical barrier that aligns with the 38.2% Fibonacci retracement.
Outlook and Implications
The ongoing selling by LTHs reflects a strategic shift, possibly influenced by macroeconomic uncertainties and profit-taking at current levels. Meanwhile, STHs’ buying activity suggests continued confidence in Bitcoin’s long-term potential.
However, the imbalance between supply and demand could lead to further short-term price volatility. Investors should closely monitor key support and resistance levels and market activity from these cohorts to anticipate the next significant price movement.
Conclusion
Bitcoin’s price trajectory remains uncertain amid significant selling pressure from LTHs. While oversold technical indicators hint at a potential rebound, the lack of sufficient demand from STHs raises concerns about sustained recovery. The next few days will be critical for Bitcoin as it navigates these pivotal price levels.
Will CRYPTOCAP:BTC bounce back like it has in past corrections, or is a deeper dip on the horizon? Only time will tell. Stay tuned for further updates!
Bitcoin 'confirms' support at 92k. But we have lost momentum. All the work to get above 100k and then confirm that support level has for the most part been lost at this point. Good news is that we have someone buying in at 92k which has been our support level. Bad news though is that we have broken out of an upward channel, and appear unable to regain it. For now, momentum is to the downside.
Bottom in for $BTC? Bullish divergence on the 1hr.Time for a relief rally for CRYPTOCAP:BTC ?
We see a Bullish divergence on the 1hr time frame. We know for sure that the bottom is in when we see a Bullish divergence on higher timeframes.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P BYBIT:BTCUSDT.P CRYPTO:BTCUSD BINANCE:BTCUSD MEXC:BTCUSDT.P
$BTC followed my arrow perfectly.In my last BTC post I shared you can see BTC followed my arrow perfectly. Whats next? I expect us to bounce between 92/88k. If not then look at green box for bounce. Which means alts will bleed more if we do god down there.
Bitcoin long Time to execute our longs.
We were hoping for this correction.
Retest of the trendline and i think she is ready for a take off .
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Batarang Backfire for BTC!In the shadowy world of crypto, where fortunes are forged and lost in the blink of an eye, Bitcoin finds itself standing on the precarious edge of Gotham’s tallest skyscraper. At $104k, the caped crusader of cryptocurrencies is flying high, but beware—the Batarang is about to backfire. The signals in the market skies hint at the return of the good old Dark Knight Dive. It’s not the fall we fear, but the landing—$90k is where the Batcave awaits.
Much like Gotham’s vigilante, BTC has faced its share of villains—market manipulators, FUD spreaders, and the infamous Penguin of Panic. Yet, this time, the weight of over-leveraged trades and thinning demand may pull it down like a grappling hook tethered to the depths. Altcoins, as Robin to BTC’s Batman, are likely to follow suit, retreating into the shadows as the crypto market takes its breather.
The Joker of volatility might chuckle, but seasoned Gotham traders know: this isn’t defeat. It’s a tactical retreat. The Bat-Signal shines brightest in the darkest hours, and $90k could just be the staging ground for the next heroic climb. Until then, buckle up, citizens of Crypto Gotham—the Dark Knight Dive awaits.
