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Bitcoinusd

Bitcoin Strategy: Cup & Handle, Flag Pole, Parallel ChannelIf you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential. Weekly Cup & Handle Timeframe: November 15, 2021 – October 14, 2024 Breakout: Achieved on October 14, 2024 Target: 82,000 (same as the Flag Pole) The breakout from this long-term Cup & Handle pattern suggests strong bullish momentum and a solid foundation for long-term gains. This setup aligns with the target and stop-loss criteria from the Flag Pole pattern for a consistent strategy. Weekly Flag Pole Pattern Timeframe: October 16, 2023 – March 11, 2024 Target: 1 lakh Stop Loss (SL): 66,000 (below the last swing low) The weekly Flag Pole pattern reinforces the Cup & Handle trend, providing a shorter-term opportunity within the larger uptrend. Enter in tranches to capture initial momentum and add on pullbacks. Daily Parallel Channel Timeframe: March 5, 2024 – October 18, 2024 Breakout: October 18, 2024 (retest completed) The breakout and retest of the daily Parallel Channel on October 18 offer a shorter-term entry point. Targeting 1 lakh on this setup aligns with the long-term patterns, with Target 1 at 82,000 and Target 2 at 1 lakh. Execution Strategy Enter in Tranches: Start your position now and add on each pullback. Confirm Pullbacks: Look for a reversal on the daily candlestick pattern after each pullback. Manage Risk: Keep the SL at 66,000, set below the last swing low, to protect your capital. Summary of Targets Target 1: 82,000 (aligned with Cup & Handle and Flag Pole) Target 2: 1 lakh (Parallel Channel breakout) By combining these setups, you capture both long-term and short-term price movements, maximizing your potential for profit while managing risk effectively.
BITSTAMP:BTCUSDLong
by ayusharya_001
1
Has the golden opportunity to buy BTCUSDT arrived?Hello everyone, Alisa here. This Wednesday, let’s take a look and analyze the EUR/USD pair together! Currently, BTCUSDT is still maintaining a strong upward trend, with the trading level around 63,819. Looking at the chart, the bullish momentum is quite clear. With support at 63,798, Bitcoin has the potential to continue rising and meet resistance at 64,585. If it breaks this resistance level, the price could surge even higher, reaching expectations above 65,000. In my opinion, this could be a good time to consider a buy order or wait for a better entry point. What about you, what do you think?
by Alisa_Rokosz
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday. Bitcoin buyers lack conviction Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair. Key technical levels to watch Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight. On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark. BTCUSD sellers to keep the reins Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
BITSTAMP:BTCUSD
by MTradingGlobal
BTC - Super Bullish - 115,000+ Coming Soon?Overview & Observation: 1. Breakout of ATH levels and price sustaining higher levels are signs of strong buyers. 2. A strong trendline breakout candle will be expected. 3. RRR is favourable. Trade Plan: 1. ENTRY = CMP 2. STOPLOSS = 10% 3. TARGET = 70%++ - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
Long
by SuperNova396
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
BITSTAMP:BTCUSDShort
by tradergyan01
12
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDLong
by tradergyan01
Bitcoin price loses correlation with the stock market On 17 MayOn 17 May, Bloomberg that the price of Bitcoin is at a high level of correlation with the shares of technology companies. At the time, it was suggested that the main cryptocurrency was perceived as a growth asset, fuelled by: → the launch of Bitcoin ETFs; → expectation of Fed rate cuts. But here was yesterday's Fed meeting, where the intention to cut the rate 1 or 2 (if inflation slows down more actively) times before the end of the year was announced. And with that, the Nasdaq 100 index of tech stocks rose to an all-time record of over 19,500 points. Bitcoin's price, on the other hand, is acting less confidently. As the BTC/USD chart shows: → amid yesterday's news of declining inflation, the Bitcoin exchange rate jumped about 3% in 2 hours; → and today the price has returned to the levels before the news was released. What's more - it's gone lower. This is a bearish sign. According to a technical analysis of the Bitcoin to US dollar chart: → the price has been oscillating for a long time along the median of the expanding fan, which originates back in November 2023; → each time the price deviated from the rising median, it returned to it (as indicated by the arrows) - thus showing that the consensus of market participants regarding the bullish outlook was stable. Now the situation is changing: → having deviated down from the median, the price is having trouble getting back up (as shown by today's decline under the start of yesterday's upswing); → the psychological level of $70k is providing resistance; → the descending channel (shown in yellow) is becoming more apparent. This could mean that the consensus is crumbling and there is a shortage of buyers in the market willing to pay more than $70k for the coin. The inability of the Bitcoin price to perform as strongly as the Nasdaq 100 index going forward will support this thesis. I expect a decline to the 1st support line below the median.
BINANCE:BTCUSDShort
by fintechzoom
1
BITCOIN GOOD DOWN MOMEMTUM DETECTED FOR SHORTTERM ALSO FOR LONGBITCOIN SHOWING A GOOD FALL A good falling detected on bitcoin It's showing a fall due to these reason 1. It's following the triangle pattern over here 2. It's ready to break the neckline 3. After a good. Move refreshment will occur Just grab out will your own risk With a small amount Stay connected Stay happy ITS A SETUP FOR SHORT TERM ALSO FOR LONGTERM Follow for more A good falling detected on bitcoin It's showing a fall due to these reason 1. It's following the triangle pattern over here 2. It's ready to break the neckline 3. After a good. Move refreshment will occur Just grab out will your own risk With a small amount
CRYPTO:BTCUSDShort
by tradergyan01
1
Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%. The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone. On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels. Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created. For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema. The volumes are high when there is a fall and a reduction in the up move. There is volatility which no giving a clear view in this range. Let the coin give break out or break down of the levels and trades should be initiated accordingly. Support :- 25860, 25670 Resistance :- 26185, 26500 Wait for the price action near the levels before entering a trade.
BITSTAMP:BTCUSD
by Mambotrade
BITCOIN USDTTime frame 1 hour, going long at support where as the risk is low like every other trade as per my setup. There were multiple thoughts before entry if I should enter or not. I am sure this happens with many novice trades like me but to be in a league of professional we've got to enter a trade as per our own trade setup without a second thought. If there is a trade plan execute, post entry there is either SL or Target but what nobody teaches us in any course or book that it what is outside the chart that is required is PATIENCE, EXECUTION, PSYCHOLOGY, PRACTICE. WAIT & HUNT
BITSTAMP:BTCUSDLong
by rrithe9