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BTCUSD Perpetual Contract

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BTCUSD.P trade ideas

Revolutionize Your Bitcoin Trading: Top Price Action TechniquesBITSTAMP:BTCUSD @Alexgoldhunter Analysis Using Price Action Techniques Key Technical Elements Break of Structure (BOS): The chart shows multiple BOS annotations, indicating significant changes in market structure. The first BOS is marked around the 16th, showing a bullish breakout. The second BOS is marked around the 18th, indicating a bearish breakout. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from a recent high to a recent low. The key levels are: 0.786: 103910.11 USD 0.705: 103376.675 USD 0.618: 102795.43 USD 0.5: 102012.5 USD 0.382: 101229.97 USD These levels can be used to identify potential support and resistance areas. Volume Analysis: The volume bars at the bottom of the chart show the trading volume. Higher volume bars indicate stronger buying or selling pressure. Relative Strength Index (RSI): The RSI is shown with a value of 44.80, indicating that the market is neither overbought nor oversold. Moving Average Convergence Divergence (MACD): The MACD indicator is shown at the bottom, with the MACD line crossing below the signal line, indicating bearish momentum. Buy Strategy Entry Point: Consider entering a buy position near the 0.618 Fibonacci level (102795.43 USD), especially if the price shows signs of reversal with increasing volume. Confirmation: Look for a bullish BOS and RSI moving above 50. Target: Aim for the 0.786 Fibonacci level (103910.11 USD) or higher. Partial profits can be taken at intermediate levels (0.705 and 0.618). Stop Loss: Place a stop loss below the recent low or the 0.5 Fibonacci level to minimize risk. Sell Strategy Entry Point: Consider entering a sell position near the 0.786 Fibonacci level (103910.11 USD), especially if the price shows signs of reversal with decreasing volume. Confirmation: Look for a bearish BOS and RSI moving below 50. Target: Aim for the 0.5 Fibonacci level (102012.5 USD) or lower. Partial profits can be taken at intermediate levels (0.618 and 0.382). Stop Loss: Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk. Summary Buy Strategy: Look for a bullish BOS, high volume, RSI above 50, and enter near support levels (Fibonacci 0.618). Sell Strategy: Look for a bearish BOS, high volume, RSI below 50, and enter near resistance levels (Fibonacci 0.786). Simple VIP Signal ENTRY: 102795.43 USD TP1: 103376.675 USD TP2: 103910.11 USD SL: 102012.5 USD By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels. Happy trading! 📈📉 Follow @Alexgoldhunter for more strategic ideas and minds
BITSTAMP:BTCUSD
by Alexgoldhunter
BTCUSD 12/20/2024Performance Recap (Previous Analysis from 10/8/2023): • Entry: 27,948 • Targets Achieved: o 63k (+127.81%) o 96k (+244.56%) • High Reached: 108k ________________________________________ BTC/USD Daily Chart Analysis Technical Analysis (Current Scenario): Chart Patterns: • Cup and Handle Formation: o Confirmed breakout signals bullish continuation. o Long-term uptrend reinforced. Indicators: • Golden Cross: The 50-day EMA has crossed above the 200-day EMA, signaling a bullish trend. • MACD: Firmly in bullish territory, confirming positive momentum. • Hammer Candlestick: Closed at support (around 92K), indicating potential reversal and entry point. Support and Resistance Levels: • Support: o 92K (key level tested multiple times). o 50-day EMA (current level). • Resistance: o None until the 310k target based on the Cup and Handle projection. ________________________________________ Target Analysis: • Cup and Handle Target: o Measured distance from the cup's bottom to its neckline. o Projected Target: 310k. • Timeline: o Historical reference to 2013–2017 suggests a 6–8 month timeline with minor pullbacks for additional entry opportunities. ________________________________________ Trade Setup: • Entry: 97,703.80 • Stop-Loss: 69,092.64 (-29.28%) • Target 1: 310k (+217.29%, 7.42 RR ratio). • Target 2: Use a trailing stop based on the 20-day EMA if price exceeds 310k Summary: BTC/USD has surged from 27K to 108k since the last analysis, forming a textbook Cup and Handle pattern, which has now broken out, confirming a bullish reversal and signaling a continuation of the long-term uptrend. Key indicators, including a Golden Cross between the 50-day and 200-day EMAs and a bullish MACD, support this momentum. Currently, BTC is bouncing around the 92K support level and holding above the 50-day EMA, which also acts as a support. The appearance of a Hammer candlestick at this level further solidifies the bullish case and sets the stage for a new long position. The measured move for the Cup and Handle pattern projects a target of 310k. Drawing from historical price behavior, this uptrend could unfold over the next 6–8 months, with minor pullbacks offering additional entry opportunities. This setup presents a strong technical case for continued upside, with a clear structure, supportive indicators, and a high-probability target.
COINBASE:BTCUSDLong
by rudcharts
BTC Faces Significant Selling Pressure from Long-Term HoldersBitcoin ( CRYPTOCAP:BTC ) has faced intensified selling pressure from long-term holders (LTHs), who have offloaded approximately 1 million BTC since mid-September, contributing to its current 13% dip from its all-time high of $108,000. This marks the largest discount since the U.S. presidential election. While short-term holders (STHs) have stepped in to absorb some of this supply, demand imbalance continues to weigh heavily on Bitcoin’s price. 1. Long-Term Holders’ Selling Behavior LTHs, defined as investors holding BTC for over 155 days, have been distributing their holdings as prices show strength. Over the past week, LTHs sold 70,000 BTC in a single day, marking the fourth-largest one-day sell-off this year, according to Glassnode data. Their holdings have dropped from 14.2 million BTC in September to 13.2 million BTC, signaling a strategic move to realize profits during this period of heightened market volatility. 2. Short-Term Holders Absorbing Supply STHs have accumulated 1.3 million BTC during the same period, partially offsetting LTHs' selling. However, this accumulation hasn’t been enough to sustain upward momentum, resulting in continued price weakness. 3. Market Liquidity and Exchange Activity The circulating supply of Bitcoin stands at 19.8 million tokens, with 2.8 million BTC held on exchanges. Notably, 200,000 BTC have exited exchanges in recent months, indicating a trend of investors moving assets to cold storage. This dwindling exchange balance could limit immediate liquidity, further impacting market dynamics. Technical Outlook Bitcoin is trading in a bearish zone, currently down 0.49% with a Relative Strength Index (RSI) of 42. The recent market sell-off liquidated approximately $1.4 billion, exacerbating downward pressure. Key Levels to Watch Support Level: If selling persists, CRYPTOCAP:BTC could dip to $85,000, a key support level aligning with the 23.6% Fibonacci retracement. Resistance Level: For a bullish reversal, CRYPTOCAP:BTC must break through $101,000, a pivotal psychological and technical barrier that aligns with the 38.2% Fibonacci retracement. Outlook and Implications The ongoing selling by LTHs reflects a strategic shift, possibly influenced by macroeconomic uncertainties and profit-taking at current levels. Meanwhile, STHs’ buying activity suggests continued confidence in Bitcoin’s long-term potential. However, the imbalance between supply and demand could lead to further short-term price volatility. Investors should closely monitor key support and resistance levels and market activity from these cohorts to anticipate the next significant price movement. Conclusion Bitcoin’s price trajectory remains uncertain amid significant selling pressure from LTHs. While oversold technical indicators hint at a potential rebound, the lack of sufficient demand from STHs raises concerns about sustained recovery. The next few days will be critical for Bitcoin as it navigates these pivotal price levels. Will CRYPTOCAP:BTC bounce back like it has in past corrections, or is a deeper dip on the horizon? Only time will tell. Stay tuned for further updates!
BINANCE:BTCUSDLong
by DEXWireNews
BTC Bleeding - When Bottom?Bitcoin is in a corrective phase following a sharp rally, with the $92,000 50-day SMA acting as the first critical support zone. A break below this could lead to further downside toward $89,000 or $73,835. To regain bullish momentum, Bitcoin needs to reclaim $99,860, targeting $108,300 and higher. Keep an eye on the RSI and volume for confirmation of the next move. Key Observations: Recent Price Action: Bitcoin recently reached a high of approximately $108,300, marking the peak of the current rally. Following the high, BTC has experienced a sharp pullback, breaking below the $99,860 support level and currently trading near $93,569. The pullback reflects a correction of approximately 14% from the peak. Bearish Divergence on RSI: RSI Divergence: While price made a higher high at $108,300, RSI formed a lower high, signaling a loss of bullish momentum. RSI is now trending below 50, confirming bearish short-term momentum. RSI will eventually make it to oversold, but that could be far down the road. Still worth noting that it is only at 40, so there could be a long way to go if the correction continues. Key Support Levels: $92,000: Immediate support around the 50-day SMA, which aligns with a consolidation zone during the earlier stages of the rally. $89,000: A secondary potential support just below the 50-day SMA. $73,835: Major breakout level from the prior range and a strong support zone if the correction deepens. Key Resistance Levels: $99,860: This level, previously a support, has flipped to resistance following the breakdown. $108,300: Recent high and critical resistance, acting as the upper boundary for potential continuation. Volume: The recent sell-off has occurred on elevated volume, confirming active selling and validating the correction. Moving Averages: The 50-day SMA (blue line) is currently around $92,000, providing immediate dynamic support. The 200-day SMA (red line) sits significantly lower, near $72,000, reinforcing long-term bullish structure. Interpretation: Bearish Signals: The bearish divergence on RSI has played out, leading to the breakdown below $99,860. Price is testing the 50-day SMA at $92,000, a key short-term support zone. Support Zones to Watch: $92,000 (50-day SMA): Critical for maintaining the short-term bullish trend. A strong bounce here would be encouraging. $73,835: Long-term support level, aligning with the breakout zone from earlier in 2024. A breakdown to this level would still preserve the macro bullish structure. Potential for Reversal: To resume its uptrend, Bitcoin must reclaim $99,860 and hold above it. A strong bounce from the 50-day SMA would reinforce bullish sentiment. Scenarios: Bullish Case: Bitcoin holds the 50-day SMA at $92,000, forms a higher low, and begins to climb back toward $99,860. A reclaim of $99,860 with increasing volume would target a retest of the $108,300 high and potential continuation. Bearish Case: If Bitcoin fails to hold $92,000, the next logical support is around $89,000, followed by a deeper correction to $73,835, which would still align with the broader macro bullish structure.
COINBASE:BTCUSD
by ScottMelker
3
Daily Analysis of Bitcoin – Issue 234The analyst believes that the price of { BTCUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.​
BINANCE:BTCUSDShort
by MoonriseTA
2
Where do we go from here?If you're looking at this in terms of market cycles in correlation with halvings... These are my opinions in an attempt to pick the top 3 most likely scenarios for the next 12-13 months. Please provide feedback as this is not about ego, it's more of a thought exercise. The 2 vertical lines are the window/time frame for exiting. The diagonal lines represent the tops of the previous 2 market cycles. Not in any particular order are what I consider the 3 most likely scenarios... 1. The theory of diminishing returns applies. Bitcoin is becoming larger and less volatile. It is possible that this market cycle will not break past the red line projections. If this is true then the next market cycle may see less than 100% return. Conclusion--market cycle has already peaked. Projection: bleed-off of BTC price to approximately FWB:73K before starting into the next bull market cycle. Start buying again in about 2 years. 2. Everything the same as 1 except Conclusion--market cycle has not yet peaked. Projection: 3-4 months of pain or longer if the bleed is slow. Tops out by the end of next year between $114k and $130k. 3. We are on the verge of government adoption and regulatory clarity in the USA and several other countries. Conclusion--market cycle has not yet peaked. Projection: A steep pull back over the next 3-4 months to meet the fast moving average bringing BTC price as low as 80k-75k before violently snapping up as we see the gears of legislation starting to move, breaking the projection from the previous 2 cycles driving BTC price beyond 200k by the end of next year. But those are just my thoughts. What do you think?
BITSTAMP:BTCUSD
by Narsty_Boy
3
Bitcoin technical analysis + trade planThe chart shows a clear falling wedge formation. This is a bullish reversal pattern that suggests a potential upward breakout. Price is nearing the wedge's apex, indicating that a breakout might be imminent. Key Support and Resistance Levels: Support Levels: $88,671.83 (near-term critical support) $86,000.00 (strong psychological support) Resistance Levels: $95,497.11 (short-term resistance near breakout zone) $108,329.96 (target resistance post-breakout) Indicators: VWMC Cipher B Divergences: Bullish divergence appears on the indicator, aligning with the falling wedge's bullish potential. RSI: RSI is below 30, indicating oversold conditions, which often precede a rebound. Money Flow Index (MFI): MFI is oversold, suggesting incoming buying pressure. Stochastic Oscillator: Stochastic is in the oversold region (<20), showing high potential for a bullish reversal. Market Sentiment: Given the oversold indicators and bullish pattern, the market is primed for a potential upside movement. However, confirmation of the breakout is critical. Trading Plan: Entry Strategy: Enter long near the wedge's lower boundary (~$90,000), with a tight stop loss below $88,000. Conservative Entry: Wait for a breakout above the wedge's resistance (~$96,000) and enter after confirmation with a retest of the breakout level. Stop-Loss Placement: Place stop-loss below the nearest support level: Aggressive traders: $87,500 Conservative traders: $92,000 (post-breakout retest failure) Profit Targets: First Target: $108,329.96 (major resistance level post-breakout) Second Target: $114,000 (psychological level, based on historical price action) Risk Management: Risk no more than 1-2% of your portfolio per trade. Use position sizing to balance risk-to-reward ratios (minimum 1:3). Monitoring Volume: Ensure the breakout is accompanied by increased volume. Candle Structure: A solid close above $96,000 validates the move. Invalidation: If the price falls below $88,000, the wedge pattern is invalidated, signaling further downside. Alternative Scenario (Bearish): If Bitcoin breaks below $86,000, expect a test of lower levels. Potential targets include $82,000 and $78,000. Bitcoin is poised for a significant move. The falling wedge, oversold indicators, and strong support levels suggest an imminent bullish breakout. However, patience for confirmation is key to minimizing risk and maximizing gains. Adjust your strategy dynamically based on market conditions.
CRYPTO:BTCUSDLong
by elfabiiani
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern). I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term. I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event. With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas. Remember, the markets typically begin to move more aggressively after January 7-10. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
4
Batarang Backfire for BTC!In the shadowy world of crypto, where fortunes are forged and lost in the blink of an eye, Bitcoin finds itself standing on the precarious edge of Gotham’s tallest skyscraper. At $104k, the caped crusader of cryptocurrencies is flying high, but beware—the Batarang is about to backfire. The signals in the market skies hint at the return of the good old Dark Knight Dive. It’s not the fall we fear, but the landing—$90k is where the Batcave awaits. Much like Gotham’s vigilante, BTC has faced its share of villains—market manipulators, FUD spreaders, and the infamous Penguin of Panic. Yet, this time, the weight of over-leveraged trades and thinning demand may pull it down like a grappling hook tethered to the depths. Altcoins, as Robin to BTC’s Batman, are likely to follow suit, retreating into the shadows as the crypto market takes its breather. The Joker of volatility might chuckle, but seasoned Gotham traders know: this isn’t defeat. It’s a tactical retreat. The Bat-Signal shines brightest in the darkest hours, and $90k could just be the staging ground for the next heroic climb. Until then, buckle up, citizens of Crypto Gotham—the Dark Knight Dive awaits.
BITSTAMP:BTCUSDShort
by UnitedFreedomJapan
2