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BTCUSD trade ideas

#202449 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: Neutral. Market finally did it and had a casual 11% pullback on Thursday. Talk about store of value. That’s crazy people talk who are in denial that this is not a textbook ponzi. Market might retest 104k or not, once we drop below 90k this rally is likely over and we will be on our way down. This is not the breakout to 200k. If you believe that, you are in peak greed-land in your head. I can see this moving somewhat more sideways but with very limited upside potential. Yearly close below 90000 is my rough guess for now. Quote from last week: comment: No updates after previous week tbh. Market went sideways and we still have to print 100k. Market could do another pullback to the daily 20ema before getting there but it could also very well just spike up there and sell off. As long as it trades above the daily ema, bears have zero arguments for anything but scalps between 90k - 100k. comment: Market did it and pulled back 11%. What do you think happens on the next try when bulls get above 102k/103k again? Upside potential is very limited and once we trade below 90k, I do think the selling will accelerate. Previous ath in BTC were heavily sold and I don’t expect that to change now. We have a clear channel that’s pretty shallow and once other markets show signs of profit taking, I do think this one will too. I would be very surprised if we close 2024 above 100k. current market cycle: Bull trend with a blow-off top. We are at the very end of it. It will turn soon. key levels: 90000 - 110000 bull case: I have one measured move that leads to 110k but thats about it. The 11% pullback was already too strong to expect this to go much further. As long as bulls keep it above the daily ema, they remain in control. Invalidation is below 90000. bear case: Decent pullback on Thursday. The next fast drop below 90000 could lead to much lower prices but it’s speculation as of now. Bears first target is to prevent the market from a new ath next week and then a daily close below the 20ema. After that, we can look for lower targets. Invalidation is above 110000. outlook last week: short term: Neutral between 90-100k → Last Sunday we traded around 97327 and now we are at 100k. Big up and somewhat big down last week, where market basically went nowhere. short term: Neutral again between 90k and 104k. Clear invalidation levels given, now it’s about patience. I highly doubt bulls can get another leg up. medium-long term - Update from 2024-11-10: 100k and then on the second sign of weakness, will short it to 50k. Remember, there will be people, just like in 2021 who bought all the way down and there positions were -50% or more and those legends told you to buy more all the way down. Will happen exactly like that in 2025 again. If you don’t book big profits on it’s way to 100k, don’t you cry when your position is underwater again. current swing trade: None chart update: Removed big bull trend line and added the current channel.
CRYPTO:BTCUSD
by priceactiontds
BTC update BTC update here we see BTC showing liquidity takes based on my personal opinion here right. But Both Daily and 4hr have shown reactions and showing specific price points to go to. My white lines are Daily Liquidity and 4hr are marked with yellow lines. Liquidity (LQ). here I observed last eek that Bitcoin did take both Buyside and Selllside Liquidiy withing the same week. and it just showed a 4hr Buyside Lq take showing that its getting closer to time to sell from this price or in general anywhere from here to 104k it can consider a sell from. Do not risk money you can't afford to lose and this is all strictly a hypothesis and opinions coming together to form an analysis. Its only been 30 days and we've seen history!
BLACKBULL:BTCUSDShort
by JoeIdeas
When To Take Bitcoin Profits, Santa Rally?Many Crypto Traders/Investors like to believe in a potential 'Santa Rally'. Essentially where investors pile money into such assets (BTC) and the price raises with demand. Really, if you are going to be buying BTC at such highs you are not really Trading the asset, you are 'believing' in it's potential. Any holding of anything at all time highs is not going to be done on a 'good deal' basis, as one would not normally be buying highs. It's important to remember if you are still holding BTC now at highs, you are still effectively buying highs. You are not actively entering but you are holding long positions. Typically, if you want to be consistent long term and not face massive swings in P/L, you should take gains where you have gains. If something starts to stall, take it. You then have the chance to re-buy later on. Holding anything for longer and longer pays out more - But equally its of more risk (you do not know when it will turn as you have no resistance reference points). Investor long zones on wild dips are far more preferred. This is not to say it will not rally again beyond current highs - It is to say you do not know exactly how far or when it will stop.
COINBASE:BTCUSD
by WillSebastian
Bitcoin Cycles: patternsThe Bitcoin chart shows the following patterns: 1. Halving, approximately every 1400 days. 2. 427 days from cycle high to cycle low. 3. From halving to cycle high - 518 days. 4. Each cycle low hits the previous peak. 5. After the correction, the price works out the Fibonacci levels of 2.618 and 3.618. Based on these patterns, we can make the following conclusions: 1. The high of the current cycle should be in September 2025 at $150-200k. 2. The low should be in November 2026 at $65k. 3. If the next halving occurs in March 2028, the cycle high will be in August 2029 at $400-500k.
BITSTAMP:BTCUSDLong
by danil_air
BITCOIN, Where is the best zone to long?Hello Traders, welcome back to another market breakdown. Bitcoin is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
BINANCE:BTCUSDLong
by BTM-LEO
7
BTCUSD: Market Analysis and Strategy for Volatile HourBTCUSD is currently in a sideways consolidation phase, showing uncertainty and possible volatility. Here's a breakdown of the current situation and what to consider in the coming hour: Current Market Conditions: Price Movement: The most recent close was at 99,927.87, slightly below the 7-period EMA (100,001.91), indicating short-term weakness. However, the price remains above the 200-period EMA (98,028.12), signaling an overall bullish bias on higher timeframes. Bollinger Bands: The price is near the middle Bollinger Band (99,803.30), which often acts as a support or resistance level. If the price breaks above the upper Bollinger Band (100,375.86), we may see upward momentum. However, a move below the middle band or the lower Bollinger Band (99,230.73) could lead to further downside. Momentum Indicators: The MACD line (89.44) is slightly below the Signal Line (91.75), showing bearish momentum, but the gap is narrow, which means the market could easily shift in either direction. The RSI at 51.05 indicates neutral market conditions, with no strong buying or selling pressure at the moment. A movement above 55 would signal bullish momentum, while a drop below 50 could indicate further downside. Volatility: The ATR (Average True Range) is at 534.35, indicating significant market volatility. Large price swings are expected, which means rapid moves in either direction are possible. What to Expect in the Next Hour?: Upward Movement: For an upward breakout, look for the price to push above the 7-period EMA (100,001.91) and the upper Bollinger Band (100,375.86), which would confirm a bullish momentum shift. The RSI should move above 55 for confirmation of buying interest. If the MACD crosses above the Signal Line, it will further confirm upward potential. Downward Movement: A break below the middle Bollinger Band (99,803.30) and a drop under the recent lows (99,771.96) could signal a continuation of the downtrend. The MACD moving further negative and RSI dropping below 50 would indicate further bearish momentum. Advice for Trading in This Volatile Hour: Assess Risk Tolerance: This is a volatile period, so price swings could be significant. If you’re unsure about direction, avoid aggressive trading. If you trade, manage your positions carefully with tight stop-loss orders to limit exposure. Avoid Chasing Moves: With such high volatility, it's easy to get caught chasing price moves. Let the price action confirm a trend before entering a trade. A sudden breakout or breakdown could reverse quickly, so patience is key. Use Tight Stop-Losses: To manage risk effectively, especially in volatile conditions, set tight stop-loss levels. This ensures that if the market moves against you, your losses are contained, and you don’t get caught in the turbulence. Look for Confirmation: Wait for clear confirmation from price action and indicators. For example, wait for the price to break above the upper Bollinger Band or below the middle band before entering a trade. This reduces the risk of false breakouts or reversals. Trade Smaller Positions: During volatile hours, consider reducing your position size to limit risk exposure. A smaller position allows you to participate in the market while protecting yourself from sudden reversals. Potential Trading Ideas: Bullish Setup: Consider entering a long position if the price breaks above 100,070, targeting 100,375. Place a stop-loss around 99,800 to limit potential losses in case of a reversal. Bearish Setup: Look for a short position if the price drops below 99,800, with a target near 99,230. Set a stop-loss at 100,050 to protect against an upside move.
CRYPTO:BTCUSD
by Putireachly
Bitcoin at $100K: Breakout or Pullback? Here’s the Perfect EntryMarket Structure Overview 1. Weekly Chart * BTC remains in a strong uptrend, trading near the upper boundary of an ascending channel. * Key Resistance: $103,650, which aligns with the upper trendline. * Key Support: $92,000, providing a safety net in case of a pullback. * The MACD is bullish with increasing histogram bars, supporting continued upward momentum. 2. Daily Chart * Price is consolidating near $100,000, forming a tight range between $98,500 (support) and $103,650 (resistance). * Volume has been decreasing slightly, suggesting a potential breakout soon as traders wait for the next big move. * A rejection near the upper resistance could send BTC back to $92,000 or lower. 3. 30-Minute Chart * Price is forming higher lows but remains below the descending trendline. * Immediate liquidity zones are visible near $102,000 (sellers) and $98,000 (buyers), ideal areas for scalping entries. Key Levels * Liquidity Zones: * Upper Liquidity Zone: $103,000–$103,650 (Resistance) * Lower Liquidity Zone: $98,000–$99,000 (Support) * Order Blocks: * Bullish order block at $96,000–$98,000. * Bearish order block at $102,000–$103,000. * Support and Resistance: * Resistance: $102,000, $103,650 * Support: $98,000, $96,000 Swing Trading Plan * Bullish Scenario: * Entry: $98,500 (liquidity grab near support zone). * Target 1: $102,000. * Target 2: $105,000 (breakout of resistance zone). * Stop-loss: $96,500 (below order block). * Bearish Scenario: * Entry: $103,650 (if price strongly rejects resistance). * Target 1: $98,000. * Target 2: $92,000. * Stop-loss: $105,000. My Thoughts and Projection BTC's price is at a critical juncture. A breakout above $102,000 could fuel further gains toward $105,000 and beyond. However, if resistance holds at $103,650, a retracement toward $98,000 or even $92,000 is possible. For scalpers, intraday price action offers opportunities between these liquidity zones. Swing traders should watch for clearer confirmations near the major support and resistance levels to avoid false breakouts. Playbook 1. Scenario 1: Bullish Breakout * Look for a breakout above $102,000 with volume. Target $105,000. * Key confirmation: MACD cross on the 4-hour chart. 2. Scenario 2: Rejection at Resistance * Short near $103,650 with a target of $98,000. * Key confirmation: Rejection candle with high sell volume. 3. Scenario 3: Pullback to Support * Buy near $98,000 with a stop below $96,500. * Target $102,000 for a quick rebound. Disclaimer This analysis is for educational purposes and does not constitute financial advice. Always conduct your own research and consider your risk tolerance before entering trades.
BITSTAMP:BTCUSDLong
by BullBearInsights
BTC top has a moving resistance lineThe big red line with dashes is self evident enough that its easy to overlook. Not only is 100k a strong psychological resistance level, but it is converging with the big red line. This just means that the resistance level is moving higher over time. If you're waiting for the big breakout, I believe that is the bridge that must be crossed not just 100k. I believe the price will basically go sideways until late January 21st. HOWEVER, the possibility must also be considered of a "buy the rumor sell the news" type movement. But imo as long as Trump makes it to the WH then we should be good. Even if they declare some new global health emergency that will likely only add fuel to the fire for crypto even if it sucks for everything else. Call me whatever you want this is the scenario. Good luck everyone.
BITSTAMP:BTCUSDLong
by Narsty_Boy