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BTCUSD trade ideas

How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern. Indeed, it is a valid and dependable chart pattern. Let’s explore this often-recognized chart pattern in more detail. The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns. When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust. Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
CRYPTO:BTCUSDLong
by BallaJi
Well, Well Well, Can Bitcoin Sustain Its New All-Time High?It's been a while, TradingView. I've really stepped away from markets for the most part to focus on other things. It's been quite refreshing. This won't be long. I'm popping in to share a couple of quick observations. For one, Bitcoin has managed to break out to a new significant ATH, so far a little under 30% above the previous high around $73k. My speculation has long been that Bitcoin is unlikely to SUSTAIN a significant new all-time high above the previous bull-market high near $70k. This is close to being invalidated. Full invalidation would require Bitcoin to just keep going, and $100k is the next clear hurdle. Right now, it's encountering some resistance, just 5% from that major target. Keep in mind, Bitcoin, is not really outperforming major stock indexes (yet). It's simply caught up after a period of underperformance. The recent upswing in price seems to have been catalyzed by Trump's second election to office in the U.S. Interesting, considering he used to look down on cryptocurrencies and suddenly flip-flopped during his recent run for office. This seems to be a bit of an emotional and speculative reaction from investors. Buyers expect further price appreciation with increased adoption and decreased available supply. "Adoption" simply means buying and holding these days, not using it as a currency. This is clear when looking at this graph: studio.glassnode.com Bitcoin active addresses continue to stagnate. People are just buying and holding, and it is often the same entities doing so. The ETFs skew this data as well, since these coins are held in concentrated addresses, even though many more people may be holding "Bitcoin" through an ETF. That brings me to something else: Options. Now traders can exercise options on Bitcoin ETF's. This is dangerous, and I think should be treated with some caution. This can increase the amount of price manipulation, as if it wasn't already manipulated. As for me, I closed my shorts at a loss around $63.8k. I saw that Bitcoin was unlikely to drop further, and instead break out of its flag formation to the upside. This ended up being the safer move. Now, I've slowly begun scaling back into a short. I've added at GETTEX:89K , $93k, and now $94.8k. The chart is demonstrating some divergences. The Ultimate Oscillator is actually declining as price goes up. Today's "breakout" is so far on meager volume, but my guess is that this increases should price continue towards $100k this week. In the above chart, confirmation of a local top might be the breakdown of my orange trendline. If price stalls here, it can fall all the way down to the breakout point (the long broadening wedge) It can also simply fall as shallow as $82-83k and then resume its climb. Long term, I'm not a fan of this asset as it represents something dystopian and sinister to me these days. I acknowledge it doesn't represent this to everyone. Regardless of your position on Bitcoin, I wish you luck! This is not meant as financial advice and for speculation only! -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
6
BTCUSD AUTOBOT 15minThis is a description of the 15min BTC AutoBot strategy written in Pine Script, which is designed for automatic trading on the Bitcoin (BTC) market. It uses Exponential Moving Averages (EMAs) and allows the bot to make trades based on specific conditions without requiring manual intervention. The bot can only be used with a webhook, ensuring automated execution. Below is an explanation of each part of the script: Overview: Timeframe: The strategy works on the 15-minute chart for Bitcoin. Trade Type: It uses two EMAs (25 and 200) to decide when to buy (Long) or sell (Short). Risk Management: Take Profit and Stop Loss are configurable as percentages, helping automate risk management. User Inputs: shortEmaLength: The length of the shorter EMA (default = 25). longEmaLength: The length of the longer EMA (default = 200). takeProfitPct: Percentage for take profit (default = 1%). stopLossPct: Percentage for stop loss (default = 0.5%). These inputs allow users to configure the strategy according to their preferences. EMA Calculations: shortEma: The 25-period EMA is calculated on the close price of the asset. longEma: The 200-period EMA is also calculated based on the close price. Conditions for Trade Signals: Long (Buy) Condition: When the 25 EMA crosses above the 200 EMA, a "buy" signal is generated (crossover). Short (Sell) Condition: When the 25 EMA crosses below the 200 EMA, a "sell" signal is generated (crossunder). Entry and Exit Conditions: Long Entry: When the buy signal occurs (crossover), the bot enters a long position at the current market price. Take Profit: The take profit price is calculated as the entry price plus the configured percentage. Stop Loss: The stop loss price is calculated as the entry price minus the configured percentage. The bot automatically exits the position when the take profit or stop loss levels are reached. Short Entry: When the sell signal occurs (crossunder), the bot enters a short position at the current market price. Take Profit: The take profit price is calculated as the entry price minus the configured percentage. Stop Loss: The stop loss price is calculated as the entry price plus the configured percentage. The bot automatically exits the position when the take profit or stop loss levels are reached. Key Features: Automated Execution: The bot can only be used with a webhook, meaning all trades are executed automatically based on the defined conditions. No Manual Trading: This strategy is designed for automation, with no need for manual intervention. Risk Management: Configurable take profit and stop loss settings help manage risk effectively. How It Works: Once configured, the bot will continuously monitor the price and the two EMAs on the 15-minute chart. Whenever the crossover or crossunder conditions are met, the bot will automatically place a buy or sell order, respectively. The bot will then monitor the price and exit the position when the take profit or stop loss levels are reached. This setup ensures that trades are executed in a fully automated manner, making it ideal for users who prefer to have a bot manage their trades according to set conditions.
VANTAGE:BTCUSD
by Leets0n
Bitcoin first pullback followed by another accumulation phase?So I have been trading and tracking bitcoin amongst various things since 2017. Of course the climate being at an all time high and the obvious trump movements with the imminent crypto legislation. However something we more experienced folk have understood over time in this space whilst it is still maturing... when it is obvious a major capitulation event always happens, In a lot of cases due to open leverage positions surpassing sustainability. This particular time frame in the economy, with the world economically on the brink of collapse, multiple wars now becoming more pressurized with morals and resistance from multiple countries. We could be set-up for a perfect black swanish capitulation event. Pair this with the majority now focusing on the season of christmas, again expenditure and increasing of debt the world can not afford. My take on this season is we see sharp down turn. Lower volume through xmas... however with the institutions able to increase their holdings while the world is not paying attention . this will give the following of events. 1 - We will see a dramatic increase in price 2 - followed by legislation and further speculation early jan with trump incoming 3 - We should see etf approvals = inflow of larger institutional funds 4 - This will allow price points which I can not predict for multiple reasons from tokens being burned per transaction, wallets being lost, also with strategical sell off from treasuries This is the last opportunity for the average person to gain exposure before we take off.
BITFINEX:BTCUSDLong
by cyifly
BitcoinThis is a technical analysis chart for BTC/USD (Bitcoin to US Dollar) with notable levels, patterns, and annotations. Here's the breakdown: 1. **Chart Type and Timeframe**: - The chart uses **30-minute candles**, suggesting a short-term focus on Bitcoin's price movements. 2. **Resistance and Support Levels**: - **Resistance levels**: - $99,578 and $98,727: These levels mark upper bounds where the price previously reversed downward. - **Support levels**: - $94,820, $94,229, and $93,086: Indicated as zones where the price has reversed upwards in the past. - Strong support around $91,521–$90,978 (highlighted in green and yellow): This is a critical support region. 3. **Current Price**: - Bitcoin's current price is hovering around $97,549, as shown in the chart. 4. **Trend Line**: - A diagonal black trend line suggests a bearish breakdown after an uptrend. 5. **Market Structure**: - **Double Top Formation**: The blue circle near $98,534 indicates a potential double-top pattern. This is a bearish reversal sign. - **Bearish Breakout**: The price has broken below the trend line and is consolidating below $98,132, suggesting weakness. 6. **Potential Scenario**: - The handwritten annotation on the chart suggests that if the price breaks below the **$94,820 support zone**, Bitcoin may head toward **$90,000** 7. **Projection**: - The projected black zigzag line predicts a downward move with pullbacks, aligning with the bearish sentiment. ### Summary of Analysis: - Bitcoin is showing bearish tendencies, confirmed by: 1. A bearish trend line break. 2. Resistance rejections around $98,727. 3. Consolidation near key support levels. - **Key Watch Areas**: - If the price breaches $94,820, a move toward $90,000 is likely. - Conversely, if Bitcoin holds above $94,820, it could attempt to retest $98,727 or higher. This chart emphasizes caution, particularly for bullish positions, and suggests looking for a clear breakout or breakdown before entering trades.
BITSTAMP:BTCUSD
by amerjaradat
1
Bitcoin 2018/2019 CrashCharting the crash of Bitcoin in 2018/2019. Many have asked me about investing in cryptocurrency and how much should they invest but also wanted to know what type of asset is Bitcoin or cryptocurrency. My answer is this, Bitcoin and other cryptocurrencies are speculative assets, many believe them to be a security (SEC Chairman Gary Gensler) others believe it to be a commodity, I just call it a speculative asset, very volatile whether going up or down in price. Whether retail investors should invest or not, solely depends on that individuals goals and investment objective, I would advise retail investors to avoid putting large sums of money on speculative assets unless they can afford to lose it, there are much more safer investments that can offer growth, capital appreciation, and dividends that they can put large sums of money in that would grow and increase overtime. Cryptocurrencies can definitely give one magnified gains but with magnified gains comes with alot of risks and can turn into magnified losses as we can see in this chart here when Bitcoin dropped almost $16,000 in just a few months.
BITSTAMP:BTCUSD
by cbreeze2012012
1
Time called on Bitcoins post US election rally?Bitcoin trades lower at $97,400 (-3.76%) as more signs emerge that investors have called time on its one-month post-US election rally. As noted yesterday, the modest gains that followed Trump's appointments of the pro-crypto Paul Atkins as SEC head and David Sacks as his "AI and Crypto Czar" were warning signs the rally was faltering. As was the volatility viewed on Friday morning when Bitcoin hit an air pocket falling from over $100k to a low of $92,092. All of this reinforces the idea that BTC is likely entering a consolidation phase in the days/weeks ahead.
BITSTAMP:BTCUSD
by IG_com
BTC Retrace inbound, heres how Im gonna play itFirst off I'd like to disclose my bias, I am a huge proponent of BTC, I personally have some ~75% of my assets allocated in Bitcoin and Bitcoin adjacent securities. That being said, I don't want it to go down, but when the game is money I just gotta go with the flow... As of late BTC has been following an Elliot Wave pattern to the T. We've already crossed through the impulsive move up, waves 1-5 have been completed as shown with the Red and Green mountain I constructed to the left of the actual chart. Now were moving into the Corrective Move. You'll notice that the Elliot Wave's 3 through B portion looks near identical to the Head and Shoulders pattern, that's because they're the same thing. I dont think I need to explain why BTC is well due for a retrace, but just in case Ill summarize. Over the past few months(weeks really) BTC has gone up a staggering 70%, the entire duration of that period it was stimulated by strong, yet short term market hype and financial adoption as a fiduciary standard. While I believe that this process is only just in the earliest stages, with analyst predicting prices of 120k, 150k, 200k and beyond within the next 2-10 years it would appear i'm not the only one. In any case, very rarely is it a straight shot to the moon, the clap back is inevitable, and as BTC has been riding along the upper band of Bollinger and Kelter indicators this whole time anyone could have told you that. In any case, back to the play.... BTC is currently in the first part of the corrective move, it's making a heavy retrace back to a near support level at around 90k. While a 103k to 90k drop would've been well sufficient for me to play off of, I want the big bucks, so instead were using this first tentative minor retrace as another confirmation signal. What happens next is that we climb back up to create the "right shoulder" reaching peak "B" and using that as our last and final entry signal. Depending on your appetite risk, you can either play this as I do, with a put spread, or just sell your shares. However what I do suggest you do not do, is simply hold through it all. If your on trading view, your either an avid trader or trying to become one, riding through the shit storm like a sitting duck is a passive course of action that will get you to where your headed, albeit very very slowly. I took my analysis a step forward, I recognize that knowing 'if' a currency/security will go down is not a difficult thing to do. The trick is predicting 'when'. The catch is that predicting that aspect is almost always what gets people burned. That being said, my prediction is that we'll see the B peak/right shoulder around the 24th of December give or take 2 days. I used very rudimentary means to get that figure, typically in a item like this well see a slower retrace and a quick upwards motion. Looking at how long it took to get from peak 3 to 5, IE the left shoulder to the head, we can get an estimate for how long it would take to get from the 5 to B. That figure was 16 days, add in a little buffer zone for posterity, and boom 16 days from our peak at 103k is Dec 24th. For the spread play I have cookin' I have a few specific criteria that need to be met otherwise I wont enter and will instead opt to simply short shares: - I want a sub 60% IV, if it gets much higher than that, the premium will push the breakeven too far from the strike and the contract wont be viable. - If the retrace were in the midst of right now doesnt fall to 90k or close to it, that means that any final drop-off after the 24th will likely be too drawn out for Theta to make it worthwhile. - The B peak is missed, I will only buy my puts on an upwards swing because that will decrease the contract cost significantly. Christmas is the 25th and a Wednesday, however options and stock markets will be closed that day, meaning if BTC makes its final peak anywhere from the 21st 22nd, 25th, and 28th to 29th. We won't be able to do shit other than watch... I personally will be using Greyscales IBIT spot ETF, I think this is one of the better BTC security alternatives to use as they give weekly expirations and their BTC price is easily calculable as nearly 1:1756 of BTC's actual price(not 100% accurate but its close). If you look at my chart you can see I've disclosed certain zones that I predict BTC will fall into in the following weeks aswell as the nearest expiry dates to them. I've already let this idea go on for far too long and im frankly getting horny at the thought of how much money Im gonna make. Here's the spread I plan on entering, however this is still temporary and subject to change as we get closer to the final day. IBIT 55.5P 01/03/25 IBIT 55.0P 01/10/25 IBIT 53.0P 01/10/25 IBIT 53.0P 01/17/25 Most of those expiration dates have been given an additional week buffer. I personally have enough capitol to where it doesnt matter much what I buy so long as I get any percentage return Ill be happy... make those shorter dated as you wish, but dont come back cryin' when you burn yourself. Happy hunting, and merry Christmas!!
BITSTAMP:BTCUSDShort
by Ayospagettio
Nice run up for BTC ! , time for a cool down ?After a great run up for BTC , it starts looking like there will be some kind of a pullback coming soon.. it could be a sharp decline, followed by a quick run up .. but it is december, so just be cautionous . Bitcoin, and blockchains acceptance and use are growing worldwide, so its value wil become more expensive over time anyway. it is steady going up, the exciting volatile way. i wish you all great holidays , no financial advice , just my opinion reflected in my chart..
BYBIT:BTCUSD.P
by patrickdaytrade