66K support as the 1st chance to buyMorning folks,
So, the journey to 68-69K target is over. Daily AB-CD is completed, right at the trendline resistance on weekly/daily time frame. This target agrees with intraday XOP of our reverse H&S.
Since BTC has its own driver - D. Trump promises to make America BTC great again - this lets it to move against the wind, together with gold. But drivers are different.
Now we're watching for pullback to 66K support area first. This is the first area where potentially market could turn up again. Next upside target is 70.35K.
1-BTC
The US ELECTION gives Wall St confidence and Bitcoin pumps.Satoshi 4 year cycle neatly intertwines the the USA #election cycle and the debt/interest rate cycle / The business cycle. To gives us predictable patterns of outperformance.
The months of November into Spring post halving is essentially the Banana zone.
Let's make the most of it ...
you should be allocated into you main core coins
and buying into strong #altcoins that are capturing the zeitgeist.
I believe #Solana is likely to outperform on their respective ratio
#Pulsechain may surprise people once #ETH closes in on the $4,000 mark
And #TitanX ecosystem to continue to flourish in a #DEFI resurgence. (TitanX is the best example of DEFI i have seen so far.)
VC coins may likely continue their relative underperformance as the collective crowd shuns the poor deals offered to us.
BTC Shows Bullish Momentum with Potential for Explosive RallyMarket Overview:
Bitcoin's price action has turned increasingly bullish, making higher highs since late August, signaling a notable shift in momentum.
The $50,000-$55,000 support zone held strongly in early September, followed by a formation of a higher low, indicating strong buyer interest.
Key Levels to Watch:
Resistance: $70,000-$72,000
Potential Target: $100,000 to $120,000
Outlook:
If Bitcoin successfully clears the $70,000-$72,000 resistance level, we may witness an explosive rally, possibly leading Bitcoin to reach new heights between $100,000 and $120,000.
Given Bitcoin's historical tendency to lead the cryptocurrency market, a breakout could initiate a new altcoin season, driving further gains across the broader crypto market.
#Bitcoin #BTC #CryptoMarket #BullishMomentum #AltcoinSeason
BITCOIN ON ITS WAY UP TO ATH. TECHNICAL ANALYSIS + TRADE PLAN Technical Analysis + TRADE PLAN by Blaž Fabjan.
The image highlights an ascending triangle pattern. This is generally a bullish continuation pattern, especially if formed after an uptrend (as indicated in the chart).
The price is consolidating near the resistance level, and a breakout is expected.
Resistance and Support Levels:
Resistance at $73,655.67: This is the key area the price needs to break above for a significant upward move.
Support levels are marked at $68,556.87 and lower at $66,333.98.
Price is currently hovering around $69,000.
Indicators:
VMC Cipher B: There are divergence signals, which often hint at potential reversals or strong continuation. The current setting shows a neutral position, but the past few signals indicate potential upward momentum.
RSI (14): Currently at 67.42, close to the overbought zone (70). This suggests momentum but also indicates that caution should be exercised as it approaches overbought conditions.
Stochastic RSI (14): Shows a reading of 72.43, also close to the overbought region. This is a confirming signal for potential bullishness but requires monitoring to avoid overextension.
HMA Histogram: Shows bullish momentum (green) but with signs of weakening. This is typical before a breakout but worth monitoring.
Volume:
The volume remains neutral but could spike during the breakout above the resistance zone, further confirming the pattern.
Trading Plan:
Entry Strategy:
Aggressive traders: Could consider entering a long position now, given the ascending triangle pattern and anticipation of a breakout.
Conservative traders: Wait for a clear breakout above the resistance level at $73,655.67, confirmed by higher volume. Enter long on a retest of this breakout zone.
Stop-Loss Placement:
Place the stop-loss just below the support level at $68,556.87, or slightly lower to $66,333.98 for more conservative risk management.
This will protect against any false breakout or trend reversal.
Target Levels:
First target: $74,000-$75,000 region (as indicated in the image by the upper blue line). This would correspond with a clean breakout.
Second target: If momentum continues, aim for $78,000 - $80,000, which is the next major psychological resistance level.
Risk-Reward Ratio:
Ideally, maintain a risk-reward ratio of 1:3 or higher. For example, risking 1,000 points for a potential reward of 3,000 points, depending on your entry and stop-loss placements.
Exit Strategy:
Partial Profit-Taking: Consider taking partial profits at the first target to lock in gains, moving the stop-loss to breakeven to secure the trade.
Full Exit: Close the position if price action significantly retraces back into the triangle or breaks below support zones.
If the trade reaches the second target zone ($78,000-$80,000), consider a full exit.
Risk Management:
Limit the position size to avoid overexposure. Risk no more than 2-3% of your portfolio per trade.
Use trailing stops to capture more profit as the price moves in your favor.
Market Sentiment and Confirmation:
The ascending triangle and technical indicators are leaning bullish. However, confirming volume on the breakout is essential to avoid false breakouts.
Global economic factors and BTC news should also be considered for additional confirmation, particularly around major support/resistance levels.
By following this trading plan and being mindful of the market conditions, you can take advantage of a potential bullish breakout while maintaining proper risk management.
Configuring channeling between indicators
Configuring channeling between indicators (StochRSI, BW reference)
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1D chart)
From September 22 to 28, the StochRSI indicator was maintained at the highest point (100).
Since October 16, the StochRSI indicator has risen above 99.
Accordingly, there may be additional increases.
At this time, the point of observation is whether it can rise to the vicinity of 71280.01-72078.1.
It is expected that the StochRSI indicator will have to rise above 68955.88 to touch the highest point (100).
I think that the longer the StochRSI indicator stays in the overbought zone, the stronger the downward pressure becomes.
Therefore, this pressure is likely to appear as a sharp change in the StochRSI indicator.
The StochRSI indicator cannot tell the fluctuation range.
Therefore, we can only make predictions by referring to the important support and resistance points drawn on the 1M, 1W, and 1D charts.
-
In order for BTC to continue its full-scale upward trend, the price must be maintained above the HA-HIgh indicator.
Accordingly, from the current perspective, the price must be maintained above 61099.25-65920.71.
-
(1M chart)
It seems that the change started on the 1M chart.
Accordingly, we need to look at the section where a new candle is created.
From the current perspective, the BW (100) line is created at 68955.88, 71280.01, and 72078.1.
Therefore, these points may correspond to resistance sections.
Breaking through this point upward means renewing the high section, which increases the possibility of creating a new wave.
-
New indicators called OBV Up and OBV Down have been added.
These indicators also display the high and low sections.
It is expected to be useful when creating detailed trading strategies and response strategies.
-
The HA-Low, HA-High, BW (0), and BW (100) indicators display the low and high sections, respectively.
Therefore, the basic trading method is to buy at the HA-Low, BW (0) point and sell at the HA-High, BW (100) point.
Therefore, the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as the box section.
A trend can be considered to be formed only when this section is exceeded.
The box section consisting of the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as channeling in a broad sense.
-
(Renko 1D chart)
If the price is maintained above 68K, it is highly likely to create a new wave.
This makes it more likely to break out of the downward sideways movement.
If it falls below 68K, it is necessary to check whether it is supported around 58K-62K.
----------------------------------------------------
(BTCUSDT.P 1D chart)
The key to futures trading is forced liquidation.
Therefore, I think how to close the transaction before being forced liquidated is an important issue.
In order to make a big profit, you need to set the leverage or investment ratio high.
However, you need to make a careful decision because the forced liquidation point is getting closer.
-
If you traded as a sell (SHORT) at the 69001.8 point, and the price rises, and the forced liquidation point is formed above the 72153.8 point, I think you can maintain the sell (SHORT) position.
The reason is that the StochRSI indicator has entered the overbought zone and is close to the highest point (100).
In this situation, I think the term used is rising short (increasing the proportion of SHORT positions when the price rises).
The opposite is falling long (increasing the proportion of LONG positions when the price falls).
You need to respond according to your forced liquidation point.
If possible, in futures trading, it is good for your mental health to start trading with one buy (LONG) and sell (SHORT) and cut your loss when the opposite movement occurs.
-
Currently, the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, that is, a regular array.
In this case, it is better to trade with a buy (LONG) position.
However, when the StochRSI indicator is in the overbought zone as it is now, it is not the time to start trading with a buy (LONG) position.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Bitcoin: Bullish Into Range Resistance?Bitcoin over the recent week has blown through the 64K resistance and now hesitating at 68K. The blue square on my chart highlights the resistance zone that price fluctuates within. Is Bitcoin more likely to continue higher or retrace back to 64K from here? In this article I will evaluate the possibilities of both outcomes and how to better align your decision making with market intent.
First I will address my previous week's scenario. If you read the article, my conclusion was that Bitcoin was more likely to retrace and test the 60K support area. Boy was I wrong about that one, but the question is: could I have anticipated that resistance break? The blue arrow on the chart points to a sharp move higher as a result of China surprising the market with a stimulus package (which translates into rising global inflation). Gold, silver and Bitcoin were pushing highs the whole week which serves as a valuable lesson when it comes to how a news events can change the a market outlook in an instant. This is why NO ONE can accurately forecast a market far in advance (unless you have REAL inside information).
Any trade or investment can GO WRONG for any reason at any time. Effective RISK management is the key to this game for this precise reason. You have to be prepared to get out of something that is showing the wrong look so to speak and be able to adjust your mindset to the new information at hand. That is the market, you either accept that or simply donate all of your capital to someone who is more flexible than you.
That brings me to Bitcoin now. This week I am anticipating a bearish retrace (see illustration) back to the 64K support (old resistance). The sell signal is confirmed when the inside bar low is compromised (previous candle). Even in the face of the inflationary news, I am bearish at these levels for one simple reason: previous tests of this range have attracted selling activity (look backwards on chart). Since "history repeats itself", I believe probability favors selling activity at least for a week or so. Also what adds even more to the short term bearish argument is the fact that Bitcoin continues to respect the broader consolidation which it has been within since March. Until 73K breaks, I will expect the range to stay intact which means both supports and resistances are more likely to HOLD not break.
What can go wrong here? IF the current momentum persists, and the inside bar high is compromised instead, it will cancel out my bearish scenario. In this instance, the 70 to 73K zone can be tested. Again this is about ADJUSTING to market action, not getting married to an idea.
How you navigate opportunities that are derived from price momentum depends on having clear objectives and being aligned with respective time frames. Before you even pull up a chart, you must know if you are looking for day trade or swing trade setups. From that point you can better utilize what I share here by incorporating my levels, price structure along with my confirmation references. Respect the price, simplify your decision making process as much as possible and learn to recognize "wrong" quickly. It is easier said than done but this at least should put you on the right path.
Thank you for considering my analysis and perspective.
ONDO ANALYSIS📊 #ONDO Analysis
✅There is a formation of Descending Channel Pattern and Cup and Handle in daily chart with a breakout of Descending Channel 🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout of Cup and Handle.
👀Current Price: $0.81600
🚀 Target Price: $1.02090
⚡️What to do ?
👀Keep an eye on #ONDO price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ONDO #Cryptocurrency #TechnicalAnalysis #DYOR
BTC The State NowHere’s a quick market update with a timeline and trend analysis :
- As always, it’s as simple as checking the colors and trends in the graphic.
- We’re currently in a phase of solid consolidation.
- The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does.
- The current cycle is taking longer to play out.
- The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis.
- In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value.
- For these reasons, TheKing may be retracing, but it’s doing so with power and resilience.
- Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated.
Just HODL and you'll be rewarded in the long run.
Happy Tr4Ding
Key Bitcoin Price Levels and Dominance Analysis for Long and ShoIn my view, if I don't consider the potential breakdown of the 68,170 price level as a fakeout, we shouldn't dip below it. However, if the price breaks below, I would regard it as a false breakout and look to open a short position with a break of 67,594.47, provided that Bitcoin dominance also declines. If, during the breakdown, Bitcoin dominance remains bullish (green), shorting altcoins would be a better option.
On the other hand, if the 68,170 level doesn't turn out to be a fakeout, altcoins could offer solid long positions, especially if Bitcoin moves sideways or upward and Bitcoin dominance decreases. Otherwise, Bitcoin itself might present a better long opportunity.
In conclusion, monitoring the interplay between price levels and Bitcoin dominance will be key to determining the best positions, whether in Bitcoin or altcoins.
MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
HelenP. I Bitcoin will fall to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price declined almost to support 2 but soon turned around and started to grow. In a short time, BTC rose to support 1, which coincided with the current support zone, and some time traded near, after which it dropped to support 2. When the price fell, it broke the 62000 support level and some time traded below, after which it quickly rose back and trades higher. Later price broke support 2 again and fell to the trend line, after which it turned around and started to move up. Soon, the price reached support 2, broke it, and then made a correction to the trend line, after which rebounded and continued to move up. Later BTC reached support 1, broke it, and rose one more, but a not long time ago it turned around and started to decline. So, in my mind, BTCUSDT will fall to the trend line, which is located inside the support zone, and then continue to move up. For this case, I set my goal at 69000 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin Buy Opportunity After Strong Confirmation Signal!We are watching for an excellent buy opportunity on Bitcoin! If the daily candle closes above the green rectangle, this will be a clear signal to enter a buy trade. The stop loss will be placed below the red rectangle, with take profit set at the blue rectangle.
Stay tuned for more updates, and if you need a personalized analysis on any financial asset, feel free to contact me in private!
And from here WE PUMP!Total3, which tracks the market cap of all altcoins excluding BTC and ETH, is flashing strong signals that it's gearing up for another leg up within the next 1-3 days. Currently, the altcoin market cap is sitting at $625 billion, but projections indicate we could see it rise to $680 billion, adding an estimated $50-70 billion of fresh capital into the altcoin space.
This influx of capital could be a catalyst for significant price action across the board. Historically, when Total3 breaks to the upside, we see explosive moves in many altcoins. Smaller market cap coins could potentially surge 2-5x as liquidity flows into them, with traders seeking high-risk, high-reward opportunities. Meanwhile, larger altcoins and top-tier projects are likely to continue their upward trajectory, hitting key targets and executing their projected moves with ease.
For traders and investors, this upcoming wave could present a unique opportunity to ride the next big altcoin cycle. The altcoin market is poised for a boost, and understanding how to navigate this surge could be key to maximizing gains. Keep a close eye on price movements and be ready to act quickly as the market could move rapidly once the breakout occurs. This is a moment that could define the next phase of the bull cycle, with the potential for life-changing returns if timed correctly.
Be sure to manage your risk, follow your strategy, and stay updated as we approach this crucial moment in the altcoin market!
Getting Started with Forex Prop Trading: Intro Guide🔸Forex prop trading (short for foreign exchange proprietary trading) refers to a trading model where traders use capital provided by a proprietary trading firm to trade in the Forex (foreign exchange) market. Unlike traditional retail trading, where traders use their own funds, prop traders operate with the firm's capital, typically after passing a series of evaluations to prove their trading skills and risk management abilities. In return, the firm takes a percentage of the profits generated by the trader.
🆕 Here’s a more detailed look at how forex prop trading works and why it's appealing:
🔸 Access to Capital
Prop firms offer substantial capital to skilled traders, allowing them to trade with much larger account sizes than they might be able to on their own. For example, a trader might be funded with anywhere from $10,000 to $1,000,000 or more, depending on their experience and the firm's offerings.
🔸 Evaluation Process
Most prop firms require traders to pass an evaluation or assessment phase before providing access to live capital. This involves trading on a demo account and meeting specific performance metrics like profit targets, drawdown limits, and risk management rules. If the trader successfully passes this phase, they are then given access to a live account with the firm's capital.
🔸 Profit Sharing
Once a trader is funded, they enter into a profit-sharing agreement with the firm. Typically, the trader receives a percentage of the profits, often around 70-90%, while the firm keeps the rest as compensation for providing the capital and infrastructure. For example, if a trader makes $10,000 in profits and their profit split is 80/20, they would keep $8,000 while the firm takes $2,000.
🔸 Risk Management
Prop firms are very strict about risk management because they are providing their own capital. They impose limits on the maximum drawdown (the amount a trader can lose), daily loss limits, and leverage. If these rules are violated, traders risk losing their funded status.
🔸 Advantages for Traders
Low Financial Risk: Traders do not need to risk their own capital, reducing personal financial exposure.
No Pressure to Invest Large Sums: With access to firm capital, traders don’t need to save up large amounts to trade at higher levels.
Support and Resources: Many prop firms provide educational resources, trading platforms, and tools to help their traders succeed.
🔸Types of Prop Firms
Prop firms can generally be categorized into two types:
🔸Traditional Prop Firms: These firms often require traders to work in-office and provide access to a wide range of markets beyond Forex, including stocks, commodities, and derivatives. Online Prop Firms: The more popular model today, these firms operate remotely, allowing traders from around the world to participate.
🔸 Fees
Most prop firms charge traders an initial fee to cover the evaluation process. This fee can range from a few hundred to a couple of thousand dollars, depending on the account size. In many cases, this fee is refundable if the trader successfully completes the evaluation.
🔸 Challenges
Strict Rules: If traders fail to adhere to the firm's rules (such as daily loss limits or maximum drawdown), they can lose their funded account.
Pressure to Perform: Trading with someone else’s capital can create pressure, which can affect trading decisions and lead to mistakes if not handled well.
🔸Bot Algo Trading in Forex
Algorithmic trading (algo trading) involves using pre-programmed instructions (algorithms) that can automatically execute trades in the Forex market based on specific conditions. These conditions can be price, volume, time, or other market indicators. Algo trading has become increasingly popular in the Forex market due to its ability to:
▪️Execute trades at high speed without the need for human intervention.
▪️Remove emotional biases, which can often lead to poor decision-making in trading.
▪️Test and optimize strategies through backtesting on historical data to ensure effectiveness.
▪️Implement complex strategies that would be difficult for a human to execute manually.
🔸what is a Bot Algo Expert?
A bot algo expert is typically a professional who specializes in developing and optimizing trading algorithms (bots) for Forex markets. They possess skills in coding, often using languages like Python, MQL4/5 (MetaQuotes Language), and other programming languages tailored to financial markets.
🔸The expert focuses on building bots that can:
▪️Identify trading signals based on technical indicators (like moving averages, RSI, Bollinger Bands).
▪️Automatically execute trades when certain criteria are met (such as entering or exiting positions).
▪️Manage risk by setting stop-loss and take-profit orders to minimize potential losses.
▪️Optimize performance by regularly updating the algorithm based on market conditions.
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I see a bullish flag pattern in #BitcoinGet ready for a bullish rally in #Bitcoin (Weekly timeframe). Soon, this rally will start with the complete departure from the upper edge of the flag. The alligator indicator also shows us good conditions for buying this very important crypto. Buy some of this crypto every week.
Critical Moment for $BTC: Last Chance for Entry or Path to Doom?Massive Level for CRYPTOCAP:BTC
As things stand, we’re at a crucial point for a higher low and a complete validation of the weekly bearish BMS. We need some demand to step up in the 56-60k region to propel us to "Valhalla" and set the stage for a strong end to the year.
Be aware that if we drop below 58k, it could pose significant risks for a bullish outlook. This is the moment to act and take a stand at these prices!
Keep your bids around the mid-59k range in case it dips that low. The trade is active and rolling!
Alikze »» CATS | Wave 3 or C bullish scenario - 2H🔍 Technical analysis: Wave 3 or C bullish scenario - 2H
- In the 2H time frame, it is moving in an ascending channel, which is recently seen in the 0.38 Fibo retracement range of the previous wave of a morning star candlestick pattern.
- Therefore, if the Fibo range is not broken, it can have an upward wave according to the current momentum up to the middle range of the channel.
💎 In the future, with the continuation of the upward pattern, it will have the ability to reach the supply range.
⚠️ In addition, if the bottom of the previous wave is touched, the bullish scenario will be invalidated. ⚠️
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KUCOIN:CATSUSDT
BTC: MACD Signals Aligning for a Potential Buying OpportunityLooking at several factors in parallel, BTC’s MACD is showing promising signs. The fast-moving average has started to curl up, suggesting a possible bullish cross above the slower line—typically a strong buy signal. The histogram has also been in the red for several weeks but is now curling upward, and we could be looking at our first green week.
However, the lack of a significant volume increase means there’s no clear confirmation of a trend reversal just yet, and we aren’t seeing the momentum required for new higher highs or all-time highs. But if these signals continue to align, this could turn into a fantastic buying opportunity.
The question is: will you take buying or selling actions based on these signals?