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BTCUSD Perpetual Contract

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BTCUSD buy strong buy strong

BTCUSD buy strong target 108,000

BTCUSD
🎯 BTCUSD 31st January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 104,360

Below DCMP = Support | Above DCMP = Resistance

📊 Key Levels Summary

Resistance Levels Above DCMP (104,360):

🛑 R1: 106,030 | R2: 106,769 | R3: 107,967

Support Levels Below DCMP (104,360):

🛑 S1: 103,635 | S2: 102,896 | S3: 101,699

Swing High: 109,356 | Swing Low: 99,462

📈 Technical Analysis

Critical Pivots: Key pivot at 103,797 (Buy Zone) and 107,577 (Sell Zone).

Fibonacci Levels: Price consolidating near 50% retracement (104,360) between Fib support (103,635) and resistance (107,577).

RSI: Neutral at 52, but bearish divergence observed near recent highs.

MACD: Histogram flattening near zero, suggesting potential momentum shift.

💡 Trade Setups

1️⃣ Intraday Buy Trade

Entry Price: 🟢 103,797 (Key Support)
Stop Loss: 🔴 101,699 (Below S3)
Take Profit 1: 🟡 104,833 (Neutral Pivot)
Take Profit 2: 🟡 106,030 (R1)

Rationale: Strong support confluence at 103,797 (Fib 61.8% + Historical Base). MACD hints at bullish reversal.

2️⃣ Intraday Sell Trade

Entry Price: 🔴 107,577 (Key Resistance)
Stop Loss: 🟢 109,356 (Above Swing High)
Take Profit 1: 🟡 104,360 (DCMP)
Take Profit 2: 🟡 103,797 (Buy Zone)

Rationale: Resistance at 107,577 aligns with RSI divergence. Swing high at 109,356 reinforces bearish pressure.

📉 Price Action Outlook

Bullish Scenario: Break above 107,577 may target 109,356 (Swing High).
Bearish Scenario: Drop below 103,797 could retest 102,896 (S2).

Final Note: Focus on intraday setups at key levels with disciplined risk management. Monitor Bitcoin ETF inflows/outflows for volatility cues! 💹

BTCUSD buy strong from 104,200 target 107,500

BTCUSD buy strong

BTCUSD //version=5
strategy("Gaussian Channel + Stoch RSI Strategy", overlay=true, margin_long=100, margin_short=100, initial_capital=100000, commission_type=strategy.commission.percent, commission_value=0.1, default_qty_type=strategy.percent_of_equity, default_qty_value=100, pyramiding=1)

// User Inputs
length = input.int(20, "Gaussian Length", minval=5)
multiplier = input.float(2.0, "Channel Multiplier", step=0.1)
rsiLength = input.int(14, "RSI Length", minval=1)
stochLength= input.int(14, "Stoch RSI Length", minval=1)
kLength = input.int(3, "Stoch K Smoothing", minval=1)
dLength = input.int(3, "Stoch D Smoothing", minval=1)

// Gaussian Weighted Moving Average Function
f_gaussian(source, length) =>
half = (length - 1) / 2.0
sum = 0.0
norm = 0.0
// Gaussian standard deviation chosen as length/6 for a smooth curve
denom = (length / 6.0) * (length / 6.0)
for i = 0 to length - 1
x = i - half
w = math.exp(-(x * x) / (2 * denom))
sum += source * w
norm += w
sum / norm

// Gaussian Weighted Standard Deviation Function
f_gaussian_std(source, length) =>
half = (length - 1) / 2.0
gavg = f_gaussian(source, length)
sum = 0.0
norm = 0.0
denom = (length / 6.0) * (length / 6.0)
for i = 0 to length - 1
x = i - half
w = math.exp(-(x * x)/(2*denom))
diff = source - gavg
sum += diff * diff * w
norm += w
math.sqrt(sum/norm)

// Compute Gaussian Channel
gaussMid = f_gaussian(close, length)
gaussStd = f_gaussian_std(close, length)
gaussUpper = gaussMid + gaussStd * multiplier
gaussLower = gaussMid - gaussStd * multiplier

// Stochastic RSI Calculation
rsi = ta.rsi(close, rsiLength)
rsiLowest = ta.lowest(rsi, stochLength)
rsiHighest = ta.highest(rsi, stochLength)
stoch = 100 * (rsi - rsiLowest) / math.max(rsiHighest - rsiLowest, 1e-10)
k = ta.sma(stoch, kLength)
d = ta.sma(k, dLength)

// Conditions
// Long entry: Price closes above upper Gaussian line AND Stoch RSI K > D (stochastic is "up")
longCondition = close > gaussUpper and k > d

// Exit condition: Price closes below upper Gaussian line
exitCondition = close < gaussUpper

// Only trade in the specified date range
inDateRange = time >= timestamp("2018-01-01T00:00:00") and time < timestamp("2069-01-01T00:00:00")

// Submit Orders
if inDateRange
if longCondition and strategy.position_size <= 0
strategy.entry("Long", strategy.long)
if exitCondition and strategy.position_size > 0
strategy.close("Long")

// Plot Gaussian Channel
plot(gaussMid, "Gaussian Mid", color=color.new(color.yellow, 0))
plot(gaussUpper, "Gaussian Upper", color=color.new(color.green, 0))
plot(gaussLower, "Gaussian Lower", color=color.new(color.red, 0))

BTCUSD buy strong

BTCUSD
BTCUSD Intraday Trade Setups

Trade Idea 1: Buy Setup

Trade Entry: 106,749
Stop Loss: 105,500
Take Profit 1: 107,500
Take Profit 2: 108,200

Reason for Entry: The price is near a strong daily support level and has bounced off the 61.8% Fibonacci retracement level, indicating a potential upward reversal.

Trade Idea 2: Sell Setup

Trade Entry: 1.04154
Stop Loss: 1.04500
Take Profit 1: 1.03800
Take Profit 2: 1.03500

Reason for Entry: The price is approaching a strong daily resistance level and is near the 78.6% Fibonacci retracement level, suggesting a potential downward correction.

These setups are based on daily Fibonacci retracement levels and strong support resistance zones for high accuracy. Always manage risk

BTCUSD buy strong

BTCUSD buy strong