A very interesting bull trend has kicked off With the election date placed at the end of this transition, I am super interested in how the higher frames unfold
USDTBTC trade ideas
Bitcoin update, almost near all time highCRYPTOCAP:BTC finally breakout the diagonal Trend line and its now almost near the All Time High trading at 72600$.
Now Every is aiming towards 73000$ price if it could break it out or not, we could see a higher selling pressure near ath..
But if it breakout this selling zone the target will 78000$ and then 83000.
Everyone asking Why alts coins are not performing even though some of them are dumping while bitcoin is making super surges..
We could see a good relay in alt coin if bitcoin holds above 73000$ then we could see a handsome money flowing into the alts coin that could be a small alt season...
I don't have any position open right now, i might try a scalp short trade near all time high, but if you're planning to do the same so keep in mind to marrk stoploss otherwise you would liquidate your account.
BTC ! if the Price close more thane 71000 WE CAN SEE A NEW ATH BUT IF IS NOT THE CASE WE WILL SEE A RETURN TO 67300 (of course This drop It Will take time)
BTC is still maintaining a very STRONG BULLISH momentumHello traders,
As i analysed before, the BTC price went to our favor and went bullish hitting targets on the 1H and 30mn charts anfter making some corrections and pullbacks. the BTC is approaching a previous Monthly level of 73907 where price may get rejected and go back to a LH monthly level of 71591 giving short trades opportunities. But if price breakes the 73907 we definitely gonna reach the $90000 level next month as the overall direction and trend is bullish and price was just making corrections the previous weeks accumulating momentum to a strong bullish move.
Keep watching and seize the opportunity.
Good luck
BTC Bitcoin FOMO into ATHBTC Bitcoin FOMO into ATH. As we approach ATH levels, I'm looking to add onto my position at the retest of 72k resistance/support flip. There is one last monthly resistance left then it's ATH levels near 73k where we should see a pullback. I'm taking profits from my long there.
#overbought bitcoin.. correction loading..Pull backs are market reality, as momentum decreased and rsi heading to overbought area , correction will not be a surprise.
shorting a trending market is not a good idea, but better to remain cautious and gradually taking profit can be a good approach.
BTCUSD - Momentum Divergence, possible retracement?BTC bulls are wanting to chase new highs reflected by a parabolic price increase.
Whether momentum can keep up with price is to be seen.
Institutional money will need to enter new long positions instead of taking profits for the increase to be sustainable.
BTC has had a strong tendency to retrace and retest previous support before and after breaking previous significant highs.
BTC TargetsBitcoin next targets Fibo
We could see Bitcoin reach the targets shown in chart using fibo
Always do your research
The 30mn time frame is offering potential winning trades BTCHello traders,
Since BTC reached the 71580 level which was a weekly major level, price started consolidating and being rejected showing a high probability of a pullback towards the 1H 70927 level. If this is the case and price breaks the 70927, wait for a retest and then go short toward the next 1H level of 70297 and then do the same thing if price breaks it downward.
The other senario is that if price bounces back from 70927 and can't break it, we might see a rejection from area toward the weekly level 71580. If price breaks that level, wait for a pullback and then go long and look for the next weekly level 73907.
Good luck
Bitcoin (BTCUSDT) - 4H Timeframe - Massive Target Achieved!The Bitcoin (BTCUSDT) 4-hour chart reveals a successful long trade setup, with all pre-determined targets reached. Here's a breakdown of the key technical elements that guided this trade:
Entry Point: Positioned at $61,732.3, the trade setup aimed to capitalize on a bullish momentum, as indicated by strong support above the Risological dotted trend line.
Stop Loss: Strategically set at $60,316.2 to limit downside exposure while providing room for price fluctuation.
Target Points:
TP1: $63,482.7
TP2: $66,315.0
TP3: $69,147.4
TP4: $70,897.7 (final target successfully hit, confirming strong upward momentum
)
Volume Analysis: The trading volume stands at 56.92K, with an average of 120.91K over the past 30 days, indicating a slightly below-average activity level, yet sufficient to support the trend.
Bitcoin's successful breach through each target highlights robust bullish sentiment. Monitoring future price action will be crucial to gauge the sustainability of this trend, especially considering potential resistance levels post-TP4.
Bitcoin / TetherUSHello community,
Small daily chart on BTC.
I have displayed the accumulation zones.
The historical high is at $73,777, I think we will go for it.
The 200-period simple average is flat.
Not being a crypto specialist, my analyte may be wrong.
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
BTC moved accordinally to hit target at $71580Hello traders,
According to what i said yesterday, BTC brike a very strong resistance level which was a weekly level at 69566 and and made pullback then moved directly to hit target. With this bullish momentum being held, Bitcoin may skyrocket and reach the $100000 level by the end of the year.
Bitcoin and altcoin overview (October 29-30)Yesterday, we continued to see growth in Bitcoin and broke through the key level of $70,000. A new support zone has formed from pushing volumes in the $70,000-$68,900 range.
Currently, there are no major corrections, but a slight pullback within the nearest buyer volume zones is possible. Priority remains on buying, and short positions should not be considered for now.
Buying zones:
$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum volume in the range)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)
Selling zones:
$70,000 level (seller market activity)
$72,000 level (seller market activity)
Interesting altcoins:
We have two similar setups on AVAXUSDT and DOGEUSDT . Both coins show positive dynamics. We’re joining longs on a test of the $0.16-$0.156 zone for DOGE and $26.5-$26.2 for AVAX .
Don't forget to wait for a reaction to confirm!
A weak breakout in Bitcoin and a continuation scenarioThe previous analysis was fielded even though there were many reasons to be rejected from this area... even the open interest had reached its highest level and we were expecting a long squeeze, but the market is either going up or down and there is no other option. As we get closer to the American elections, we should expect other unreasonable behaviors from the market, although we are not the ones who define logic for the market, our logic may work sometimes and sometimes not, we can only adapt ourselves to the market conditions. let's give
According to the current conditions, we see that the breaking of the ceiling of 69,000 has not been done with a large volume, which shows the weakness of the trend, but we can expect the continuation of the movement until the historical ceiling until the date of the election and being rejected downwards to provide liquidity and start the main upward movement. to have
However, for the time being, we should monitor the price behavior and in case of weakness in the pullback correction to 69000, we should look for long scalps, because all the previous ceilings will become liquid according to the order flow to bring the price to the previous historical ceiling of 73880.
Let's be optimistic about BTC if it is closed above 59.5 KBTC testing the down side of lateral range that have formulated since March 2024. (Testing the Ice)
It will be positive if it is closed above 59500 on the daily time frame and the first target will be 62K
IN 4 HOUR Time Frame , it has broken down trend
$BTC About To Break All Time Highs?From the chart, the only disappointing thing is the low volume with which it is pumping with. I think we revisit 68k before lift off.
Phemex Analysis #32: BTC to $70,000 Amidst US Election VolatilitPHEMEX:BTCUSDT.P has surged past the $70,000 mark and is now testing the formidable $72,000 resistance level. This bullish momentum has ignited excitement among crypto enthusiasts, but the looming US Presidential Election adds an element of uncertainty to the market.
Potential Scenarios
1. Bullish Continuation:
If Bitcoin successfully breaks through the $72,000 resistance level, it could trigger a significant upward movement.Strong buying pressure and positive sentiment could propel the price to new all-time highs. A clear and decisive victory for Donald Trump in the US Presidential Election could further fuel bullish momentum.
2. Bearish Reversal:
If Bitcoin fails to break through the $72,000 resistance level and encounters strong selling pressure, it could lead to a price correction.
A highly contested or uncertain election outcome could create volatility and risk aversion among investors, potentially leading to a sell-off.
Trading Strategies
I. Bullish Strategy:
Buy the Breakout: If Bitcoin breaks above the $72,000 resistance with strong volume, consider buying.
Take Profit: Set a take-profit target at a higher resistance level, such as $80,000.
Stop Loss: Place a stop-loss order below a key support level, like $65,000, to limit potential losses.
II. Bearish Strategy:
Short Sell: If Bitcoin fails to break above the $72,000 resistance and starts to decline, consider short-selling.
Take Profit: Set a take-profit target at a lower support level, such as $65,000 or $58,900.
Stop Loss: Place a stop-loss order above the $73,850 (all-time high) resistance level to limit potential losses.
III. Buy the Dip Strategy:
If Bitcoin experiences a correction during a bearish scenario and you maintain a long-term bullish outlook, consider buying the dip at key support levels like $65,000 or $58,900.
Short-Term Profit: For short-term gains, you can take profit at $72,000 or $73,850.
Stop Loss: Place a stop-loss order at the next support level. For example, if you enter at $65,000, consider placing a stop-loss below $58,900.
Conclusion
Bitcoin's recent surge and the upcoming US Presidential Election have created a dynamic market environment. While the potential for further upside exists, it's crucial to remain cautious and manage risk effectively. By carefully analyzing market trends, understanding key support and resistance levels, and implementing appropriate trading strategies, investors can navigate the volatility and capitalize on potential opportunities.
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Fib Retracement to $55,000 before retesting $69,000 ATHLocal top matched random line from 2020.
Trend-based Fibonacci extension along with other trend lines indicate possible retracement to $55,000 or $52,000 before retesting $69,000 ATH.
I think there is a low, but existent possibility of BTC dropping to the $40,000 resistance if there is some really bad news somewhere.
Buy Position on #BTC 1H has been Triggered..MEXC:BTCUSDT 1H
As I Wrote yesterday we had to wait till price dip down to the DP.i point of interest box.
then we got a confirmation signal to get into a buy position.
as you see my chart, we have a SCOB type confirmation signal.
then we can buy here on a 2.6 Risk to Reward (R/R) position.
Hope you enjoy the ride..
I will update Bitcoin regularly..
Take Care
#BTC #Crypto
Bitcoin 1H Buy Position SignalMEXC:BTCUSDT
As soon as the IDM.i has been grabbed, we waited for the SCOB to form.
And a few hours ago the SCOB has been formed and it allowed us to enter the Buy Position.
The target is reward 2 and 3 at least.
But always remember:
Trading is a long-term game which is survival depends on the Risk & Money Management we planned before.
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin regularly.
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC
Buy Position on BTCusdt 1HMEXC:BTCUSDT
Why should we buy here?
Simply because this MPL is our last POI we have on Major Structure in 1H time frame.
As you can see
Also we can open 2 position at the same time and price, but manage them differently.
In other words we can set partial exit at 2.5 reward & 7 reward.
It is better to have 2 targets, not more and not less..
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin and Gold regularly,
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
