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XBTUSD_LMAX trade ideas

Bitcoin: BTCUSD surpasses 200-SMA barrier, focus on $65,450Bitcoin (BTCUSD) rises to a five-week high, crossing the 200-day Simple Moving Average (SMA) during a slow trading session on Monday, largely affected by holidays in Japan, the US, and Canada. Notably, Bitcoin formed a Doji candlestick on the weekly chart, hinting at a potential reversal of its losses from late September. Further upside appears lucrative In addition to the weekly Doji candlestick and Bitcoin's recent move above the key moving average, a bullish crossover on the MACD and a strong RSI (14) support BTCUSD buyers. Key technical levels to watch With Bitcoin (BTCUSD) successfully trading above the 200-SMA, buyers are gearing up for a challenge against a four-month-old descending resistance line near $65,450. The previous monthly high of around $66,500 also poses a barrier; breaking through this level could open the door for Bitcoin bulls to target the $70,000 mark, which was tested in July. Conversely, sellers should watch for a drop below the 200-SMA, currently around $63,350. If this happens, the 50% Fibonacci retracement level from the June-August decline and an upward-sloping support line from early August, located near $60,800 and $58,750 respectively, will be crucial for buyers to defend. US Dollar consolidation adds strength to bullish bias In addition to the technical indicators, a quiet economic calendar this week and mixed data from the previous week could lead to the US Dollar’s retreat, which may help boost Bitcoin (BTCUSD) prices.
BITSTAMP:BTCUSD
by MTradingGlobal
"BTC Trade Update: Massive 1264 Points Target Hit!" Our community is rocking with this BTC trade! As promised yesterday, we’ve hit a massive 1264 points target, and the trade is performing exactly as predicted. If you've booked profits on this one, make sure to set the comment section on fire! I want to hear about all the gains you’ve locked in—let's get the energy flowing. Share your profit screenshots and let me know in the comments! Stay tuned because I’ll be sharing more powerful trades soon!
CRYPTO:BTCUSD
by XTrap_000
BTCUSE A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest. The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.1 The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. Key Takeaways *. A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. *. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. *. An inverse head and shoulders pattern predicts a bearish-to-bullish trend. *. The neckline rests at the support or resistance lines, depending on the pattern direction. Resistance = 62924, Support = 61839.
BITSTAMP:BTCUSDShort
by FinanciallyFreedomTrader
1
BTCUSD A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest. The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.1 The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. Key Takeaways *. A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. *. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. *. An inverse head and shoulders pattern predicts a bearish-to-bullish trend. *. The neckline rests at the support or resistance lines, depending on the pattern direction. Resistance = 62924, Support = 61839.
BITSTAMP:BTCUSDShort
by FinanciallyFreedomTrader
Actual Success Rates of Ascending and Descending TrianglesActual Success Rates of Ascending and Descending Triangles Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided: Success Rates Ascending and descending triangles generally have fairly high success rates as continuation patterns: -The ascending triangle has a success rate of approximately 72.77%. -The descending triangle has a slightly higher success rate of 72.93%. These numbers come from a study that tested over 200,000 price patterns over a 10-year period. Factors Influencing Success Several factors can influence the success rate of these patterns: -The trader's ability to execute the strategy correctly -Market conditions at the time the triangle formed -Market liquidity -Overall market sentiment Important Points to Consider -Triangles are considered reliable continuation patterns, especially in trending markets. -The ascending triangle in an uptrend is statistically more reliable than the descending triangle. -To validate the pattern, the price must touch at least twice each of the upper and lower lines. -An increase in volume during the breakout is an important confirmation sign. Strategies to improve the chances of success -Wait for the triangle to fully form before entering a position1. -Confirm the breakout with a close above/below the resistance/support level. -Use additional technical indicators to confirm the signal. -Pay attention to the volume, which should increase during the breakout. Conclusion Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.
COINBASE:BTCUSDEducation
by Le-Loup-de-Zurich
3
Bitcoin is headed to 52000? Most probably YES!Symbol - BTCUSD CMP - 63017 The recent swings in BTC confirms the bearish market structure. After the 59K retest, the price rallies 7%. There is no technical or fundamental explanation for this price behavior - 6K down, 4K up, 5K down, 4K up within just 12-15 days. Bitcoin is still trading within a sideways range of 65K - 52K. The last resistance retest ended in a false breakdown and a price drop of 11% to 59K. Also, the local change of the market character (price confirms the downtrend) to bearish and formation of the downtrend channel. Emphasis on resistance 63400, 64130, 65000, possible retest or false breakdown followed by downside realization as we still have not reached the key liquidity zones. Important Resistance Levels as of now : 63400, 64130 Important Support Levels as of now : 61320, 59000 The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible. P.S. : My short position is open & I will add more position at mentioned resistance levels. Targets for this short position will be 57800 & 52500.
OANDA:BTCUSDShort
by akshit_official
BTC Trade Update : "BTC Rocket Ride: 669 Points Gained, Target i"BTC's price action has come close to hitting the first target. So far, the trade has delivered 669 points, showing strong momentum towards our anticipated levels. With price testing key support zones and facing resistance near 63,462, there's still potential for further movement. Keep an eye on the next levels for a possible continuation or pullback, as the 61,602 zone below could offer critical support if the momentum shifts."
CRYPTO:BTCUSD
by XTrap_000
BTC Target Hit! New BTC Selling Trade is Active Be Alert Great to see that your BTC trade hit the target! Now that it's time to take advantage of the live selling opportunity, let's assess the chart: Current price: $63,281.41 The nearest resistance: around $63,400 There’s a stop loss level of $62,289.45, and you could aim for a new lower target around $62,800 if the selling pressure continues. It seems the price is consolidating near resistance, so a reversal might occur. You can consider entering a short position now if the price shows signs of rejection near this resistance level. What’s your plan for the next move on this setup?
CRYPTO:BTCUSDShort
by XTrap_000
23
Bitcoin Trade Update – Target Almost Hit! Earlier, I shared this Bitcoin trade setup with precise entry, target, and stop levels. As you can see, BTC is approaching the target zone, with the price now hovering around $63,076.54. The trade is showing strong momentum, and the target is nearly within reach, a clear example of a well-planned strategy in action. Stay tuned for more updates as we continue to track this trade to its conclusion. Make sure to monitor key levels for any significant moves!
CRYPTO:BTCUSD
by XTrap_000
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD D UP MOVE WITH 1:6 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
Bitcoin 1D Swing Trade Setup- Bitcoin is currently trading at 62,826$ - Bitcoin showed us an impulsive move yesterday where we saw BTC jumping from 59-63k straight - Bitcoin in this impulsive move had made a Fair Value Gap on a daily chart - For a Market Structure shift BTC needs to flip and make a weekly close above 66,598$ - If you are looking to build less leveraged longs then focus at 61,354$ - Market Structure will flip bearish once we see a weekly close below 58,000$ - If we look at the lows made recently BTC is still intact with a lower high structure the lows are also getting bought back impulsively - Manage risk properly that's the ultimate mantra
BITSTAMP:BTCUSDLong
by VKtradesimbalance
12 October 2024 BTC Live Trade! Here’s a brief you can use with your analysis: --- Bitcoin (BTCUSD) Analysis for Today: In this chart, we can see a clear setup for Bitcoin trading. The price is holding near key levels, which could lead to potential opportunities. I consistently provide such insights, and if you're following me, your support motivates me to share daily analysis and updates like this. Remember, it's essential to stick to the marked levels and use your own knowledge while trading. You don’t need any additional indicators—just trust the levels provided and trade accordingly. For more insights and real-time levels, make sure to follow and stay tuned!
CRYPTO:BTCUSD
by XTrap_000
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it. Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support. Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area. Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support. This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
BITSTAMP:BTCUSD
by Suyouu
Bitcoin Bybit chart analysis October 10Hello 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. Here is the Bitcoin 30-minute chart. The CPI indicator will be released at 9:30 in a little while. There are risk factors in Nasdaq, but there is a high possibility of sideways movement. I created today's strategy based on the part that says Bitcoin gains freedom. There are some tricky parts in the middle, so please read carefully. *When the red finger moves, One-way long position strategy 1. 60,895.5 dollars long position entry section / When the purple support line is completely broken or the 2nd section is touched, the stop loss price 2. 62,256 dollars long position 1st target / Top section 2nd target I marked the purple finger 61.3K at the top, and if you touch this section, the probability of the strategy succeeding increases when the wave increases at the time of the CPI. From the 1st section of the orange resistance line above, it is connected to an upward trend, so please note that it may not come down to the entry point. From the 2nd section at the bottom, it is a right-side uptrend Roughly, look at the orange resistance line 1st section / green support line 2nd section sideways section and raise the bottom section upward and pay attention to the shape of the Bollinger band support line in the 12-hour chart candle that is created after a while. If the strategy is successful overall, you can use the additional long position re-entry section at the 61.6K section where the daily candle is created in the adjustment from the 62.2K 1st target. Be careful because there are also Nasdaq variables up to this point and I hope you operate safely with the principle trading and stop loss price as essential Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bitcoin Price Shows Stability, Despite Recent Whales Movement Despite the uptick in whale activity, Bitcoin's price remains relatively stable. A daily chart analysis reveals that Bitcoin closed the last trading session at around $60,459, experiencing a 3.50% decline. However, the current session shows a slight improvement, with Bitcoin trading at approximately $60,747, marking a modest increase of 0.35%. The ongoing accumulation by Bitcoin whales this week is a promising indicator that could soon lead to a positive price trend. As these large holders become more active and long-held BTC re-enters circulation, the market may be gearing up for a shift. Although the price hasn't seen a significant rise yet, the renewed interest from major holders suggests that the market could soon gain more positive momentum.
COINBASE:BTCUSDLong
by Sam_TCR
Bitcoin Bybit chart analysis October 8 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 the Bitcoin 30-minute chart. There is no Nasdaq indicator announcement. It is rebounding while the mid-term pattern is broken, and the Bitcoin pattern is also broken, but when compared to Tether Dominance, In terms of candles, Bitcoin is touching the center line of the 6-hour Bollinger Band chart alone. Tether Dominance is touching the center line of the daily chart alone. When looking at it in the long term, I interpreted the influence of Tether Dominance to be greater. In terms of signals, the 12-hour chart MACD golden cross is imprinted. If there is no Nasdaq variable, I judged that the conditions are difficult, but it is worth a try. In the analysis article on October 7, I connected the strategy with the condition of maintaining a long position after the purple finger gap of $62,377 *When the blue finger moves Two-way neutral strategy 1. 62,708.5 dollars short position entry section / stop loss price when breaking through the pink resistance line 2. 62,130.5 dollars long position switching / stop loss price when breaking through the green support line 3. 63,789.5 dollars short position switching / stop loss price when breaking through the red resistance line As a condition for the strategy to succeed, If the purple support line is maintained cleanly, You can try switching long positions at around 62,708.5 dollars on the right blue finger. 1st section at the top Movement within the orange resistance line is a sideways movement If it falls immediately from the current position Or the maximum possible position for long switching is 2nd section at the bottom. I think it would be good to look at it as a rough sideways movement. Bottom is the 4-hour chart support line -> 60916.5 dollars is the 6-hour chart support line. Up to this point, I ask that you simply use my analysis for reference and use only I hope that you operate safely with principle trading and stop loss prices. I will see you on Thursday after the holiday tomorrow. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
BTCUSDThe Head & Shoulders pattern is a popular chart formation used in technical analysis to signal a potential trend reversal. It consists of three peaks: a central, higher peak (the "head") flanked by two lower peaks (the "shoulders"). The pattern typically forms after an upward trend, suggesting a possible shift from bullish to bearish sentiment. The key element is the "neckline," which connects the two troughs between the head and shoulders. When the price breaks below this neckline after forming the second shoulder, it often indicates a bearish reversal. The pattern's inverse, known as an "Inverse Head & Shoulders," signals a potential bullish reversal. Traders view this pattern as a reliable indicator of market sentiment shifts, though it should be confirmed with other technical indicators for more accuracy. Resistance = 62495, Support = 60035.
BITSTAMP:BTCUSDShort
by FinanciallyFreedomTrader