LONG ON BTC- from 40687, Due to accumulation of H&S PatternWe are looking to Buy BTC/USD from 40687 for a target of 44167 in a medium term range for a Leg Up Completion. Gold is also bearish, this will help market put more demand on Cryptos. Stops should be below 39500. Wish you a best of luck and happy Monday
Search in ideas for "btc usd"
Last Chance for this generation to accumulate Monster Crypto BTCWe are in the final phase of the downtrend in BTC /USD and interested folks must start accumulating, yes otherwise you will hugely repent if you missed this last chance and Monster Crypto crossing 6 figures in coming years.
Of course, you don't wanna regret better putting at least 20% of your portfolio in crypto sector, not in one shot, accumulate in five or ten parts.
Patience and Right-Timing are your Life-Partners.
Happy Investing, I await your comments 😀👍🤝🏼
LONG BTC/USD Bull Flag | Move to 7k Zone- Currently Bitcoin is forming Bull Flag this could be possible Wave B of correction move or this can be Wave 4.
- Either its Wave B or Wave 4 there going to be one more leg upside.
- Target for this move is marked over the Charts.
- Each FIB level is profit booking zone.
Bitcoin Challenged: Now the Critical Technical TestThe Bearish Descending Triangle break is one of the most reliable bearish pattern developments that can occur on a chart. Bitcoin just suffered such an event last month. And now we have the key moment: the reaction.
A bullish trend that has the potential for genuine extension and longer-term success will laugh in the face of such a technical event, quickly shrugging it off and regaining the pattern trigger line -- which in this case is around $9500 on the BTC/USD chart. But a chart that is destined to break lower and resume a bearish longer-term trend will have the opposite outcome. Right now, given the strength in the dollar overall, the odds may be stacked against BTC. Now is the time for it to give us a sign, and retake the level.
Bitcoin aiming for another 1-Year Low+++++ Push the like "Like" to reveal hidden content +++++
Bitcoin heavy downtrend continues as yet again it reached a new 1-Year low, hitting $4210. Price remains in the support zone of $4375-4044, mentioned in our previous idea (). Market is going through a lot of stress and it will take more time for it to calm down. While the volatility is high, BTC/USD could go even lower, towards the 161.8% Fibonacci retracement level at $4055. At the same time, price spikes might fall beyond the support, potentially reaching $4k and below. Nevertheless, it would be important to pay attention to the daily closing prices throughout coming week/s.
Talking about the short term upside potential, Bitcoin could be reaching the $4550 resistance level. This is where the most trading volume occurred over this week, and also confirmed by the 61.8% Fibonacci retracement. Although to have more confidence in the upcoming corrective move upwards, price must break above the 88.6% Fibs at $4700. This is where buyers might show interest in the Bitcoin and push price higher, at least to test the $5k psychological resistance. And finally, if price will break above $5k, the probability of a trend reversal will become much stronger, at least until price stays above $4k level.
Support:
$4385
$4055
Resistance:
$4555
$4646
$4700
$5000
Bitcoin hitting Massive Long-Term SupportThis week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement.
This makes the area between the $4050 and $4400 a key long-term support, which might play a very important role in further price development. If support will be respected, BTC/USD upside correction could be expected, aiming at the upper trend line of the triangle pattern.
However, downside risk remains and Bitcoin could drop further. It is not a high probability scenario, but definitely should be considered as one of the possible outcomes in the coming future. Weekly break and close below the $4050 most likely will send price down to the $2400-2250 support area, which is confirmed by 88.6% Fibonacci retracement level.
It seems the very important factor is that on the weekly chart price has approached 200 Moving Average and Fibonacci support, Indeed it will not be ignored, but potentially already noticed by all market participants. Well, maybe this is the turning point for the all cryptocurrency market in general and Bitcoin in particular? In any way, even if that is a reversal phase, usually a consolidation period takes place prior to the reversal.
Lets summarize… while the huge support area has been reached, price is likely to reverse or consolidate. To claim that trend is reversing is far too early, especially while there are no confirmation of that. Triangle pattern should be watched for break above or below, which might give more insights of further price direction.
Bitcoin Near end of AB=CD pattern, Watching price action closelyCOINBASE:BTCUSD AB=CD pattern is almost done in BTC/USD in daily candles. $6300 area is where "D" wave ends. But BTC may see 1.618% extension of Fibo i.e near 6800+. Satying neutral here & just watching price action @ these levels. Next immediate resistance is 8000 (2.0 of Fibo ext).
BUY AND SELL LEVEL FOR 11/2/2024As of November 2, 2024, Bitcoin (BTC/USD) is trading at approximately $69,487. For intraday trading, consider the following levels
Support and Resistance Levels:
Support Levels:
First Support (S1): $68,000
Second Support (S2): $66,500
Resistance Levels:
First Resistance (R1): $70,000
Second Resistance (R2): $71,500
Trading Recommendations:
Buy Entry:
Entry Point: Near $68,000 (S1)
Target: $70,000 (R1)
Stop-Loss: Below $66,500 (S2)
Sell Entry:
Entry Point: Near $70,000 (R1)
Target: $68,000 (S1)
Stop-Loss: Above $71,500 (R2)
Updates for October 30, 2024Bitcoin (BTC/USD)
Current Support Levels: Bitcoin now finds support near $72,000, with a critical secondary level around $70,500.
Resistance Levels: The next resistance sits near $73,500, with potential extension towards $75,000 if upward momentum holds.
Buy/Sell Strategy: Look for a buy position near $72,000, targeting resistance levels at $73,500 or higher.
Stop-Loss: Suggested stop-loss around $70,500 to safeguard against downside risk.
BTCUSD // Levels // 1h"Welcome to SkyTradingZone "
Hello Everyone 👋
BTC/USD (Bitcoin to US Dollar) on the 1-hour timeframe:
Support Levels:
First Support: $25,500
Second Support: $25,200
Third Support: $24,900
Resistance Levels:
First Resistance: $26,000
Second Resistance: $26,300
Third Resistance: $26,600
BTCUSD // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are some key levels for BTC/USD on the 4-hour chart:
Support Levels:
$20,000: A key psychological level1.
$19,231: Corresponds to the 76.4% Fibonacci retracement of the 2020-2021 move.
$18,000: Another significant support level.
Resistance Levels:
$21,993: 14.4% Fibonacci retracement of the March-June 2022 move.
$22,000: A round number resistance.
$24,000: Another resistance level to watch
Technical Analysis of Bitcoin (BTC/USD) - 100k comin soon1. Moving Averages:
21-Day EMA: $61,916.55
50-Day EMA: $62,914.52
100-Day EMA: $64,250.01
200-Day EMA: $59,690.43
Bitcoin is currently trading just below the 100-day EMA, which is acting as immediate resistance. The 200-day EMA at $59,690.43 provides strong support, indicating a potential bounce-back zone if the price retraces.
2. Chart Pattern:
The chart indicates a potential breakout pattern after a period of consolidation. The price has moved above the 21-day and 50-day EMAs, signaling a shift in momentum.
3. Resistance Levels:
Immediate Resistance: $64,250.01 (100-Day EMA)
Major Resistance: $73,811.45 (Target)
The immediate resistance at $64,250.01, aligned with the 100-day EMA, is crucial. A breakout above this level could see Bitcoin aiming for the $73,811.45 target, which represents an 18.64% potential gain.
4. Support Levels:
Immediate Support: $61,916.55 (21-Day EMA)
Stop-Loss Level: $58,887.44 (Recent Low)
The immediate support at $61,916.55, provided by the 21-day EMA, will be crucial in the near term. A break below this level might push the price down towards the 200-day EMA at $59,690.43. The stop-loss is set slightly below the recent low at $58,887.44, providing a safety margin.
This is also the best time to buy and hold for target of 100k soon.