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Bitcoin remains in bullish territory - my next tradesLet’s break down the current cycle indicators and what they mean for BTC: 1. 1-Day Cycle Indicator (Blue Line) - This tracks Bitcoin’s short-term trend (1 week) and ranges from 20 (oversold) to 80 (overbought). It’s currently at 29, hinting at a potential bullish reversal for the week ahead. This could indicate an upswing in the short term if momentum follows through. 2. 3-Day Cycle Indicator (Violet Line) - Great at forecasting the trend for the next 12–18 days, especially in a sideways market (like the last 6 months). With the indicator nearing 80, there’s room for some upside in this cycle, suggesting that BTC could see positive movement next week. 3. 1-Week Cycle Indicator (Red Line) - Provides a broader view, indicating longer-term trend reversals (1–2 months). It’s currently at 93, placing it in overbought territory, which signals a potential for a larger trend reversal as we look further out. This could suggest a corrective phase may be on the horizon. Summary: While short- and medium-term indicators suggest near-term gains, the high 1-week cycle reading hints that a longer-term pullback could follow soon.
BITSTAMP:BTCUSDLong
by TheStrategyMaster
Weekly cup and handle showing its true face1. Cup and Handle Pattern The large white arc indicates a potential Cup and Handle formation, a bullish continuation pattern. This pattern usually suggests a potential breakout if confirmed. The cup forms after a rounded bottom, while the handle forms as a consolidation after the initial rise, often before a breakout. The price action to the right, after the cup, suggests the handle formation with consolidation occurring between $60,000 - $70,000. 2. Support and Resistance Levels Multiple horizontal lines of different colors (green, yellow, red) highlight key support and resistance levels: Support levels seem to be around $59,000, $60,000, $61,000, and $62,000. Resistance levels around $66,000, $67,000, and higher, with the current price at $66,770. The chart shows a clustering of price activity around these levels, indicating significant market reactions (buying and selling) at these points. 3. Trend lines The blue descending lines indicate a downtrend or correction after the local high above $66,000. However, the price has broken above this trend line, which might suggest a potential reversal or continuation of the bullish trend. This breakout from the downward trend line supports the bullish case for a further price rise. 4. Indicators Moving Averages (MA's): The chart includes what looks like a moving average (green line), which seems to be supporting price action. The moving average is following the general uptrend, which could indicate a bullish momentum. There are blue dots placed on key points along the price chart, possibly indicating buy signals or moments when the price crossed significant thresholds, such as moving averages or support/resistance levels. 5. Volume and Momentum Although the volume is not directly visible in this screenshot, the pattern’s significance, combined with breaking key resistance levels, suggests increasing buying momentum. 6. Price Targets If the Cup and Handle pattern plays out, the price target could be significantly higher than the resistance at $67,000. Typical cup and handle breakouts measure the height of the cup and project that upwards, which could push BTCUSD toward new all-time highs. 7. General Sentiment The overall sentiment appears bullish, as indicated by the potential Cup and Handle formation, breakout of the downtrend, and the strong support levels holding up the price. In summary, this analysis suggests that BTCUSD is testing significant resistance at $66,770. If the Cup and Handle pattern is confirmed and the price breaks above $67,000 with strong volume, it could signal a continuation of the bullish trend toward higher price targets. However, if the price is rejected at these resistance levels, a retest of support around $61,000–$62,000 is possible.
BITSTAMP:BTCUSDLong
by Btuqamachi7
10/28 Confirmed yearly bull flag. Overview : The AMEX:SPY closed the week lower, breaking a six-week winning streak that had started just before the first rate cut. NASDAQ:QQQ managed to stay green, hovering near an all-time high. Last week, the Fed reported 738,000 new home sales and 3.84 million existing home sales. Notably, while existing home sales are declining in a descending triangle pattern, new home sales have been forming an ascending triangle—signaling diverging trends in housing demand. The job market showed resilience, with jobless claims lower than the last two readings, indicating improvement. However, this job strength could complicate rate cuts since the Fed targets stable inflation around 2%. This week brings major data releases: Tuesday’s job openings, Wednesday’s Q3 GDP, and Thursday’s and Friday’s PCE, Core PCE, and the U.S. unemployment rate. Expect a quieter start to the week but brace for potential volatility in the latter half. According to the CME tool, the likelihood of no rate cut has dipped to 1.1%. This rate cut probability has fluctuated widely over the past two weeks, from 13% to 1%, making it crucial to understand how the CME calculates this metric: 1.Market Data: Fed Funds futures prices reflect market expectations for Fed rate changes. 2.Probability Calculation: The tool derives implied rate change probabilities from the difference between current rates and futures prices. 3.Assigning Probabilities: Each possible outcome—rate cut, hike, or no change—is assigned a probability based on the futures data. CME Group holds a key position in financial markets, having formed from the merger of major exchanges: the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange, Inc. (COMEX). This vast network underscores why CME’s Fed tool is a pivotal reference for understanding rate expectations. In the crypto world, ETFs, especially those from BlackRock, have been on a BTC buying spree, significantly outpacing their usual purchase amounts four out of five trading days last week—continuing a pattern that began on October 14. Since then, BTC has climbed from the key level of $62.8k to around $69k, although other institutional players remain less active. This is reminiscent of BlackRock’s February buying spree, which saw BTC rise from $52 k to $61k in just two weeks, with BlackRock averaging $600 million in BTC purchases daily. We’re watching this as a potential signal, though no one’s showing similar interest in ETH ETFs, not even BlackRock, who seems to have stopped DCAing into it. BTC TA : W : The week ended with a small red candle, a relatively calm finish considering BTC is nearing $70k. Could this set us up for a breakout ahead of election results and potential rate cuts? D : Volatility hit hard last week, as anticipated. After a rally to $69k, Friday saw a dip, but big players defended the $66.5k level. Zooming out, BTC’s price rejected the upper bound of a year-long bullish flag, confirming the breakout on October 16 and reducing fake-out risks. However, there are currently no bullish divergences across MACD, RSI, CVD, or OBV. 4h : The recent triple divergence has been cleared, with no new divergences appearing. 1h : Overbought RSI and a shooting star at Monday's open signal a short-term correction, with support at $68.2k and $67.7k. Alts Relative to BTC : ETH remains in a consolidation phase, still far from breaking all-time highs like BTC. SOL has been tracking BTC's moves more closely, while NEAR is close to its yearly low of $3.8. Meanwhile, SUI, APT, and TAO saw 20%-30% corrections last week. Bull Case : We’re breaking out of a year-long bull flag, potentially en route to $100k, with BlackRock leading the charge. Trump appears likely to win, the CME tool shows only a 1% chance of no rate cut, and gold is on the rise. Unless gold crashes, BTC might hold steady. Bear Case : Is this just another bull trap set by market makers? Fear and Greed Index : 54 – Neutral. We may see a shift to greed if BTC breaks above $73k.
COINBASE:BTCUSDLong
by EvgenCapital
Bitcoin Eyes $70k Breakout This Week!Current Price at $68,217: Bitcoin trades above the $68,000 support level, suggesting sustained buying interest as it attempts to consolidate recent gains. Resistance at $70,000: BTC faces a crucial psychological resistance at $70,000. A breakout above this level could signify bullish momentum, targeting higher levels. Support at 61.80% Fibonacci ($66,167): The recent pullback found support at the 61.80% Fibonacci level, around $66,167, a level likely to act as a buffer in case of a downturn. Double Bottom Reversal: On the 4-hour chart, a double-bottom pattern hints at a bullish reversal, with the neckline positioned around $68,200, indicating a potential breakout point. 78.60% Fibonacci Resistance ($69,000): The recovery rally is targeting the 78.60% Fibonacci level around $69,000. Breaking this level could confirm a continuation of the uptrend. RSI Divergence on 4-Hour Chart: The RSI shows divergence, supporting the double-bottom pattern and hinting at a continuation of the bullish reversal if the RSI strengthens further. Short-Term Target at 23.60% Fibonacci ($68,359): BTC needs to surpass the 23.60% Fibonacci level at $68,359 on the 4-hour chart to gain short-term bullish momentum, which may lead to a retest of $70,000. Institutional Inflows in Bitcoin ETFs: Bitcoin ETFs have seen a ~$3.5 billion net inflow over three weeks, signaling strong institutional support, likely to bolster BTC’s price stability and potential uptrend. Retest of Resistance Trendline Breakout: The recent pullback acts as a retest of the resistance trendline breakout, suggesting that BTC could maintain its upward trajectory as long as it holds above this level. Trend-Based Fibonacci Target at $70,817: A breakout above $70,000 could push BTC towards the trend-based Fibonacci target at $70,817, reinforcing the strength of the bullish trend. Next Fibonacci Targets at $73,500 and $75,500: Short-term bullish targets lie at the 78.60% ($73,500) and 100% Fibonacci levels ($75,500), setting potential ceilings for the rally.
BITSTAMP:BTCUSDLong
by Coinpedia-Market-Insight
BTC FALLINGIs Now the Right Time to Sell Bitcoin? As Bitcoin continues to experience significant volatility, many investors are wondering if now is the moment to cash in on their holdings. While Bitcoin has delivered impressive gains for early adopters, the unpredictable nature of the cryptocurrency market presents both risks and opportunities. Selling Bitcoin at current levels could allow investors to lock in profits, diversify portfolios, and reinvest in more stable assets. Market analysts point to increased regulatory scrutiny, fluctuating investor sentiment, and macroeconomic conditions as factors that could impact Bitcoin’s future price trajectory. For those looking to reduce exposure to risk, selling BTC now can offer a strategic exit while prices remain elevated. Ultimately, the decision to sell Bitcoin depends on individual financial goals and risk tolerance. However, with the market’s inherent unpredictability, acting sooner rather than later could provide a chance to capitalize on gains and explore other high-potential investments.
BITSTAMP:BTCUSDShort
by edl75
October 25 Bitcoin Bybit chart analysisOctober 25 Bitcoin Bybit chart analysis Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is a Bitcoin 30-minute chart. There is no Nasdaq indicator announcement If you look at the captured image at the top, The trend is coming out while I am writing the analysis. In the upper left corner, the purple finger is 68,498 dollars I proceeded with today's strategy from the final short of the top section yesterday. *When the blue finger moves, It is a short position Long->short switching strategy. 1. 67,963.5 dollars, chase purchase entry section / cut-off price when the purple support line is broken 2. 69,069 dollars, short position switching / cut-off price when the red resistance line is broken The reason for the chase purchase at 67.9K is that the entry point can be missed The resistance line is open On the other hand, I bet on the vertical decline of Tether dominance. As a trading tip, a rebound from the 1-hour chart support line touch Can be a condition that can shake things up big. (6-hour, 12-hour chart center line retouch) Orange resistance line 1 section at the top / Green support line 3 Movement within the convergence section is sideways. 69069 dollars is the Bollinger Band 12-hour chart resistance line. If the mid-term pattern is broken and the 12-hour chart support line -> resistance line is touched, I judged that it can be restored to a normal pattern again. If the strategy is successful, Try to match the rebound section at the bottom during the weekend. If you look at the chart carefully, I left a hidden picture game with technical analysis. Haha Please use my analysis up to this point as a reference only I hope you operate safely with principle trading and stop loss prices. You worked hard this week too. Thank you.
BYBIT:BTCUSD.PShort
by BitCoinGuide
Bitcoin - American elections, future fluctuations of Bitcoin!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be used to look for Bitcoin buying positions in the two specified demand zones As long as Bitcoin is within the specified range, you can look for buy and sell positions at the top and bottom of the range It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
COINBASE:BTCUSD
by Ali_PSND
Bitcoin UpdateHey hey, Bitcoin finally managed to reach the top of the channel again and finally seems to have broken out of it. The weekly chart provides a better view since we've now had 2 weekly candlesticks close above the upper channel line. It's clear that price is now consolidating just below the $70k psychological barrier and it seems to be only a matter of time before we're slashing through and continue towards the ATH level. I have really started to like looking at the BTC ETF flow data to combine it with the technical view and again it adds up to a positive scenario. Net inflows have increased to a new ATH and have grown by 20% since my last update exactly a month ago in our community. The coming week will evolve around the elections and I don't expect a significant move until the election outome is clear. Overall, my picture is bullish but it comes down to the elections this 5th of nov.
COINBASE:BTCUSD
by newcapitalfx
Elliot Wave of FED Meeting for KASPAMy prediction based on time analysis on FEDs meeting 6-7 November : FED Meeting. i think they will cut rate around 50bps at this date. and it will be first parabolic move altcoin till the next fed meeting (16-17 Des). WAVE 1 17 Des-First Week of Jan : Correction of market because fed not cut rate or 25bps only at the first time WAVE 2 first week of Jan till the next fed meeting (28-29 Jan 2025) : Market recover as what has been lost. One month recovery. WAVE 3 making foundation between 28 Jan 2025- 28 Feb 2025 (2 weeks before FED Meeting 18-19 Mar 2025) : Second parabolic move of altcoin as FED start to cut rates 50 bps again! Note : I will cash out around this time. WAVE 3 18 Mar- 7 May 2025 : All market are RED! First big downturn of bitcoin and altcoin. All of it are crashes. Altcoin can crash around 75%, bitcoin can crashes around 50% from its peak WAVE 4 17 June-29 July 2025 : the last parabolic if any, at least minimum for kaspa coin only, get out ASAP if you make big money in here. WAVE 5 Target : First wave kaspa peak 0.5$, Second wave kaspa peak 1$, Third wave kaspa peak 1.4$
BITSTAMP:BTCUSD
by JImRaynor131
Hold 67k => next stop is 120k. The bull flag has not been invalidated. Election FUD will stop in two weeks. I'd be happy to accept the 120k BTC as a Christmas gift. I had a vivid dream of seeing BTC trading at Nexo for 105k. Thought it was a bug and had been trying to dump it, but they've halted trading. I went to check the price at other exchanges and realized BTC had pumped right to 120k in a single day. Felt so good. Realistically, the best play right now is to dump and wait for 70k. The 69k acts as a resistance for some reason, and If we go back to the lower side of the range and fail to hold it (65k - 67k currently), then that's bad news. At that point, you may want to flee into the stables, but the price is already 5-6% lower than now. BUT the problem is if I sell now, I'll be reluctant to buy back in the 70k - 74k range. While we're above 67500, 1H 4H 1D 7D all look bullish. At around 67k, 1H 4H 1D turn bearish. With that in mind, I'm holding for now. Any weakness towards 67k - I'm out. LFG!
BITSTAMP:BTCUSDLong
by elefes