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BTCUSD trade ideas

Cup and handle looking like new ath on the way. $120k by xmas.Looking like all time high in progress. Let's go... A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. This is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
BITSTAMP:BTCUSD
by newyorkisheaven
BTC Breaks $101,000: BlackRock Advocates 2% Portfolio AllocationBitcoin ( CRYPTOCAP:BTC ), the world’s leading cryptocurrency, has reclaimed the $101,000 mark, riding a wave of institutional endorsements and bullish technical indicators. A groundbreaking paper from BlackRock, the world’s largest asset manager, has highlighted Bitcoin’s potential role in diversified portfolios, suggesting a 1% to 2% allocation as a “reasonable range.” This development comes as Bitcoin surges amid macroeconomic and political tailwinds. BlackRock’s Strategic Endorsement BlackRock’s latest report emphasizes Bitcoin’s place in multi-asset portfolios, comparing its risk profile to the "Magnificent Seven" technology stocks in a 60/40 stocks-and-bonds portfolio. While cautioning against exceeding a 2% allocation due to increased portfolio risk, BlackRock’s endorsement underscores the asset’s growing legitimacy. According to Samara Cohen, BlackRock’s CIO of ETF and Index Investments, “A Bitcoin allocation would provide a diverse source of risk, while overweighting tech stocks amplifies portfolio concentration.” The paper also notes Bitcoin’s low correlation with traditional assets, albeit with significant volatility. Factors Driving Bitcoin’s Rally Bitcoin’s recent surge is bolstered by multiple factors: - Political Support: President-elect Donald Trump’s pro-crypto stance and his appointments of blockchain-friendly officials have revitalized market confidence. - ETF Adoption: The January 2024 launch of U.S. spot Bitcoin ETFs has been a game-changer. These funds have amassed over $113 billion in assets, with $10 billion inflows recorded since Trump’s victory in November. - Institutional Interest: With BlackRock’s IBIT leading the pack, institutional adoption is seen as a harbinger of reduced volatility and enhanced legitimacy. However, BlackRock’s report tempers optimism by pointing out Bitcoin’s historically sharp drawdowns, ranging from 70% to 80%. While wider adoption could stabilize prices, it may also curtail the dramatic gains that attract speculative investors. Technical Analysis: A Bullish Trajectory? Bitcoin’s technical indicators signal potential bullish momentum as it consolidates above $100,000. Here’s a closer look: - Current Price Movement: Bitcoin is up 0.41% at the time of writing, showing resilience after a dip to $96,000 during a selling spree. - Key Resistance Levels: A breakout above the $115,000 pivot could ignite a bullish rally, potentially driving prices to $150,000 by Christmas. - Support Zones: Should consolidation persist, support lies at the 38.2% Fibonacci retracement level, coinciding with $95,000. - Market Sentiment: Bitcoin’s year-to-date growth of 140% underscores robust investor confidence, despite its inherent volatility. Balancing Risk and Reward The BlackRock report advises adopting a “risk budgeting” approach to Bitcoin investments, particularly given its outsized impact on total portfolio risk. While Bitcoin’s low correlation to traditional assets adds diversification, its volatility demands cautious sizing. For investors eyeing Bitcoin’s potential to reach $150,000, the strategy should account for key risk factors, including possible retracements and the evolving regulatory landscape. As institutional adoption grows, Bitcoin could mature into a less volatile but equally vital component of diversified portfolios. Conclusion Bitcoin’s ascent past $101,000, coupled with BlackRock’s ringing endorsement, marks a pivotal moment for the cryptocurrency market. As 2024 draws to a close, Bitcoin remains a high-reward, high-risk asset poised to redefine portfolio strategies. With technical and fundamental indicators aligning, investors are watching closely—whether for the next breakout or the next buying opportunity at key support levels. Will Bitcoin’s rally extend to new heights, or will its infamous volatility temper the excitement? Only time will tell, but the stage is undoubtedly set for an electrifying finish to the year.
BINANCE:BTCUSDLong
by DEXWireNews
#BTC Potential Long Setup looking at the Volume increasing now and the Breakout of the Value Area High with Confluences also from the WVAP i personally could now imagen that this Drop what we had was the last Drop for now to catch everything deeper. i will take a Risk and it is my Personal thought that we will see those Targets on BTC: 📈 Entry CMP : 101164 🛑 SL: 97993 🎯 Target 1: 105710.5 🎯 Target 2: 112919.0 🎯 Target 3: 124707.0 🎯 Target 4: 136410.0 🎯 More TP: 140k - 150k also do your own Reseach this is my own idea. Cheers to all and happy Trading.
BYBIT:BTCUSD.PLong
by ML-Master
BTC - Perfectly Timing the MarketIt's funny how people say it's is impossible to time the market. I disagree and the data proves it! Check this out... 2020 cycle/ Date: September 5, 2020 The pivot low to begin the next leg of the bull market starts 2024 Cycle/ Date: September 6, 2024 The pivot low to begin the next leg of the bull market starts 2020 Cycle/ Date: November 2, 2020 Final dip before the election 2024 Cycle/ Date: November 4, 2024 Final dip before the election 2020 Cycle/ Date: November 26, 2020 First Major Price Correction 2024 Cycle/ Date: November 26, 2024 First Major Price Correction 2020 Cycle/ Date: December 9, 2020 Second wick down to hunt liquidations 2024 Cycle/ Date: December 9, 2024 Second wick down to hunt liquidations Only the blind think this market moves in random ways. Viaquant is set apart from the herd! Happy Trading!
COINBASE:BTCUSD
by VIAQUANT
1
BTC - History RepeatingThere are eerie similarities to the 2020 election cycle that I would like to point out. So far not only has BTC respected the 4 year cycle theory, but has so far almost identically followed the 2020 Market structure on the weekly. First, we have the breakout of a major pattern. 2020 was the 1,000 day triangle from our 2017 ATH. 2024 was the breakout of our 8 month bull flag. Then price is both cases went on a major rally. "Labeled Breakout in white" Second, we have the election in both 2020 and 2024. "Orange vertical line" Third, price consolidates at a key level. In 2020 it was right below $20k. In 2024 we have seen that consolidation right under $100k. Once that key level is broken (outlined with a purple horizontal line), we usually see the next bull market leg happen right after. Also pay close attention to how the weekly candles looked in 2020 vs how the weekly candles currently look right now. Almost identical! Will history repeat again?
COINBASE:BTCUSD
by VIAQUANT
Did you stick to your plan? Volatility in trading and life.Managing volatility in trading mirrors managing volatility in life, both requiring discipline and focus. As a position trader, I prioritize long-term growth over short-term fluctuations. When prices correct but the trend remains intact, discipline keeps me in the trade. Similarly, life’s challenges often provoke doubt and disappointment, but staying steadfast is key. In trading, discipline helps navigate volatility; in life, as a Christian, trusting God through the ups and downs strengthens both heart and mind, fostering growth and resilience. What are we afraid of? When fear enters the market, our discipline is tested. We're afraid we were wrong and we'll lose money. We forget we can't win without losing. What we know is so quickly forgotten. When we become afraid in real life, it is often irrational. We often forget how far we've come, and that God will continue to take care of us as He promises. When volatility comes let's choose to embrace it, trust our discipline, and grow through the experience. Despite the recent volatility, the crypto market's weekly and monthly trends remain up, broadly speaking. Ride the trend!
COINBASE:BTCUSDLong
by joelsko
1
December 10 Bitcoin Bybit chart analysisHello 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. Bitcoin 30-minute chart. No Nasdaq indicators announced today. I created a strategy based on the Nasdaq pattern and Tether dominance vertical decline conditions. *When the blue finger moves, It is a two-way neutral Long->Short->Long switching strategy. 1. Pursuit purchase at $97,533 / Stop loss price when the green support line breaks 2. Target price in the order of $100,201.5 long position 1st target -> Top -> Good The final return section is Autonomous long position switching according to real-time movement Please note that the 12-hour chart MACD dead cross pressure on Nasdaq is the key. Ignore Nasdaq and follow the trend strategy. If the 2nd section breaks out today, It looks good to wait long at the bottom, The pink resistance line of the 1st section at the top / green support line, the 2nd section Convergence section is a sideways market. The Good at the top, the Bottom section at the bottom Moves within a small box. It looks like the direction will come out from the breakout or breakout. If the strategy is successful, it would be good to aim for minor altcoins that have not yet been pumped. Up to this point, please just refer to and use my analysis I hope you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
Btc/UsdtCOINBASE:BTCUSD --- **Bitcoin Analysis (H4):** The current price is in a **neutral zone** and could continue moving sideways between **$99,000** and **$94,800** for a while. ⏳ The **daily wick** at **$95,500** on the **D1 Kijun** is a **bullish continuation signal** 📈, suggesting upward momentum could follow. --- **Main Trend:** The **overall trend** for Bitcoin remains **bullish**. However, based on yesterday’s **daily close**, it might have marked a **local top** and the start of a **bearish correction phase**. 🚨📉 --- **RSI Indicators:** Both the **monthly** and **weekly RSI** are **overbought**, indicating a possible **correction** to test the next support zones: - **$90,200** - **$88,000** - **$84,000** - **$78,000** In the case of a **stronger bearish move**, the previous **ATH resistance** zone around **$68,000 - $72,000** should be closely watched. 👀 --- **Bull Market Behavior:** In a **bull market cycle**, a **20-30% correction** after a significant rally is **normal** before any further upward movement. 📊 As long as **Bitcoin consolidates** above **$78,000**, the **altcoin market** should continue to see growth over time. 🚀 --- **To Summarize:** - **Current price:** Neutral zone, expect some **pump and dump** actions in the short term! 💥 - **Key support:** The **$95,000** zone must hold on the **daily** chart. 🔑 - **Bearish correction:** Not to be ruled out, especially with the overbought RSI. ⚠️ - **Bulls need:** A **daily close above $99,500** for confirmation of continuation. 📈 - **Altcoin market:** Expect **huge volatility** during this period! 🔥 --- **Recommendation:** Given the **market instability**, it’s advisable to **reduce targets and risk exposure** for the time being. ⚖️ --- **Price Prediction:** I would be cautious about predicting a clear direction at this moment, as **Bitcoin's price action** could swing between the levels mentioned above. If we see a breakout above **$99,500**, that could signal another push upwards, but until then, volatility should be expected. 🧐 --- Overall, patience is key here! Let’s see how Bitcoin performs within these zones before making any major moves. ✨ Disclaimer:Not Financial Advice...
COINBASE:BTCUSDShort
by Wolftrader1337
1