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Bitcointrade

BTC - Zoomed Out ScenarioAs predicted DXY has broken down a major monthly bearish trendline - currently finishing a bearish retest before further free fall. If this plays out we have 2-3 years of a weakening / correcting dollar, and a strengthening investment in assets such as Bitcoin. This means an extended bull market spanning 2-4 years on Bitcoin and equities. However - there is a mass amount of liquidity to the uber lows towards 10,000 on BTC. Market is showing manipulated intention to hit these lows by keeping the price below this bearish cross section - and that’s why bitcoin hasn’t been moving up yet. This tells me this is more likely than we all think to play out. I’m trading the following: Short - 108,200 to 35,000 Long - 35,000 to 80,000 Short - 80,000 to 10,000 Will update accordingly if the plan changes. Happy trading.
Short
by DickDandy
7
BTCUSD SMC Short | 70.5% Fib + OB Rejection Incoming?BTCUSD | High Risk-Reward Setup at Key Supply Zone 🔥 This Bitcoin setup is setting up for a potential clean short opportunity, right from a key Order Block zone confluenced with 61.8–70.5% Fib retracement and a Strong High liquidity magnet above. 🧠 1. Why This Trade Setup is 🔥 This BTCUSD chart shows Smart Money preparing a trap: 🔺 Impulse down ➝ forming market structure shift 📉 Retracement back to a refined OB (purple zone) 📍 Aligned perfectly with: ✅ 61.8–70.5% Fib retracement zone ✅ Strong High = liquidity trap ✅ Bearish engulfing rejection from supply zone This is textbook SMC confluence. Price could sweep the high one more time, then tank hard. 📌 2. Zone Breakdown OB Entry Zone (purple): ~108,000 to 108,400 SL Above Strong High: ~109,000 TP at Weak Low: ~104,600 ✅ Entry around 108,000 ✅ RRR: ~1:5 👑 📈 3. Market Structure HTF Bias: Bearish LTF Structure: Retracing to premium zone Expecting BOS downward if rejection confirms ⚙️ 4. Trade Plan Wait for price to tap 61.8–70.5% zone Look for M5/M15 bearish structure break Enter on pullback to M15 OB SL = Above the High TP = Weak Low (104,630) 🛑 5. Risk Management Tips Never enter blindly at 61.8% Always wait for confirmation on LTF (M5/M15) If price blows past 70.5%, let it go — don’t chase 🧘 🧠 Save this trade plan 📈 Comment “BTC SMC ENTRY” if you caught this 👀 Follow for more Smart Money chart breakdowns
CRYPTO:BTCUSDShort
by ChartNinjas88
Bitcoin - Back Under Intersecting Bearish TrendlinesBitcoin is back underneath these two intersecting bearish trendlines. I have laid out two potential paths Bitcoin could take to play this out. When an asset in crypto goes only up for so long, it leaves behind a trail of leveraged liquidity in the form of stop losses. These wide open gaps filled with long stop losses, is the fuel that would make such a move possible. In other words, the sell orders are already in the chart in order to make this possible. Personally, I expect this to happen. DXY is showing a major breakdown and bearish retest at the moment - with a falling dollar over the next 2-3 years, that translates to a true bull market for Bitcoin and related assets. The market has a very small time window to recollect all of the long position liquidity in the chart, which is in the billions. See my previous posts to see confluences, liquidity mapping, etc. Happy trading and I will be trading this myself.
Short
by DickDandy
Bitcoin LTF Signals Wyckoff Phase D Potential Near Term WeaknessSeems volatility is the name of the game as power changes hands in Washington, D.C., and Memecoins are set to swallow up market liquidity (for better or worse). Personally, I’ve never really cared for Memecoins, and tend to focus on POW governance tokens for long term value. Seems the “interesting times” of that Chinese Proverb are upon us. On the LTF (1D) Point and Figure, the formation is currently printing a distribution pattern, completing Phase C of a Wyckoff Distribution pattern. Phase C in a distributive phase generally reveals itself through a (or some) strong Upward Thrust (UT) and/or a (or some) Upward Thrust After Distribution (UTAD). The formation has already printed a Shakeout Distribution Spring to the $89,200 handle in Phase B, and subsequently printed the first Upward Thrust After Distribution (UTAD) to the $105,800 handle signaling the beginning of Phase C distribution had started. The formation printed a subsequent UTAD to the $109,200 handle - all typical activity we would expect to see in Phase C of a distribution cycle. The following Test of that UTAD at the $106,400 handle, printed a lower high and signaled both (i) the Last Point of Supply (LPSY) for Phase C of this distribution cycle, and (ii) the end of Phase C of this distribution cycle. Phase D Wyckoff Distribution is generally signaled when the formation prints a Major Sign Of Weakness (MSOW) which “Breaks the Ice” of the lower level of support within the Trade Range. This sets up an excellent Risk/Reward opportunity for a potential short swing trade position. The current formation suggests that a move to the $90,600 handle is in play in the near term as Phase C of this distribution cycle completes and moves into Phase D. There is a potential longer near-term play for $85,600 as the formation moves into the final phase (Phase E) of this distribution cycle. Provided the LPSY formed on the Return to Ice move tops out at the $92,800 handle the Horizontal Price Count should be accurate. Always remember this is not trading advice. Outside of that, Happy Trading.
COINBASE:BTCUSDShort
by FOFAgent1
BTCUSD / Bitcoin Trade IdeaAfter reaching the target I'm looking to new setup. Currently I'm looking to position myself in short till we reach point A. A) I want to see rejection of that level with bullish closure of higher timeframes = Long B) I'll trail short a bit more in this case and look to long in point B with same criteria. BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
by Tiwiel
BTCUSD / Bitcoin Trade IdeaBitcoin looking decent for a bit more push to the upside. Here's my thoughts and plan. I like this momentum so ideal scenario A) is we have a minor pullback ideally into $65.000 area and push from there. M15 - H1 candle showing strong bullish intention is a must here. Scenario B) is something I will be more cautious based on HTF narrative. Will look for buy as a scalp and if BTC rejects from this level I'll consider taking a trade for higher prices. There is also C scenario that I consider to short this pullback but this might be quick so I won't cover it in this idea but I'm looking for this intra day setup as well.
Long
by Tiwiel
2
BITCOIN Outlook for Q3 2024Hello everyone, Today is the beginning of the new fiscal quarter, so as usual that means Q3 outlook is here. I already know that with this one, I will most likely not make any new friends, but things have to be said even if the majority may be against "the Idea". So first, I would point out that my Base Case from Q2 is still relevant in my opinion : " My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in Q1 outlook: "6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time comes - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found" " ______________________________________________________________________________ Secondly- Yes, my outlook is Based on Macroeconomy, since I am of the opinion that the Economy and decisions of Central Banks are closely correlated to the charts and prices on them. With that said, I am going to present a few charts which may bring some clarity to what I am expecting to happen in the next 3 months and Why I am NOT over-optimistic . Before I start posting these screens, I would like to say, that I believe we are in incredibly tough times to call shorts where price will go since we are in kind of unprecedented times - both chart-wise and macroeconomy-wise kinda too. So Why I am still more Bearish? These are just a few examples of Why I am still more bearish.. I am sure that I could add some more, but at this point my "reasons Why" should be clear to everyone and if not, I would suggest you read the Q1 & Q2 outlook too. Also, I would like to mention that this week we will get a lot of economic data which may provide a clearer view of what is coming next month/quarter. Anyway, I decided to do this TODAY so I am working with what we have "RIGHT NOW". If my opinion changes in the future based on these data I will let you know. As well, to not be viewed as "perma BEAR", I want to say, that I see possibility that BITCOIN keep going Higher in Q3 and reach new ATHs ( all economic data comes "bullish" and FED still not decided to cut rates), BUT it is not my Base Case for now. My Base Case as I said - staying the same as was in Q2, at least for now! Until next time good luck to everyone. Joe ________________________________________________________________________________ Hopefully, some of you found this post interesting and helpful in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Thanks!
INDEX:BTCUSD
by cryptocapitaltrading
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone, looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$." - comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially. So what's Next? As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts. As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price. So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area. Good luck in your trading Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BTC update to: BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, Looks like our trade was delivered even though it took longer than was expected. So everyone who took the same trade, congrats on your profits! Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind. With that said, I hope everyone who took the same trade already took some profits off to pay the trader. Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open. In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$. On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$) I will update further once I get more confirmation about What is more probable to happen next. Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, this is my Close timeframe Short. Right now we sit at 65.250$ but I expect price to go Lower. My target is around 61.5k$ for now. If we are able to break lower "right now" I would expect to arrive at that price relatively quickly (in the next 24 to 56 hours), but I still see that there is potential to re-visit 66.500$ before this move can start. So act accordingly. *Note that 66.500$ would be in my book great Short entry. Good trading day to everyone Joe edit: the reason behind this trade is that Today's numbers for Core Retail Sales and Retail Sales came Colder than expected. It should been a sign of a slowing economy and that should have put pressure on markets in general. Also, do not forget to use Stop Loss in case the trade does not play out as expected!
INDEX:BTCUSDShort
by cryptocapitaltrading
BITCOIN FOUR HOUR RETRACEMENTAfter #Bitcoin crashed to 57k level within the week we could see BTC reclaiming the 64k level with a strong momentum following NFP release yesterday 3rd of May. Looking at the price action of Bitcoin we can clearly see that the 64k level is a strong resistance area on the 4hr TF, with that in mind, we should see Bitcoin dropping to fill the price imbalances at the 58k and 59k before moving upward. For anyone looking to take a short trade this a good opportunity, but make sure to apply proper risk management when trading. NOTE! This is not a financial advice a posting this for educational purpose only make sure to do your own research when trading the financial market. BINANCE:BTCUSDT
Short
by Jahson23
Bitcoin - On the way to 200,000?To what level can Bitcoin rise? There is an analyst that I respect a lot, from Standard Chartered, who has considered the most likely target for Bitcoin's rise, the price of 200,000. I am more of a chart person, and we are going to go level by level, seeing the evolution of the price on the chart. Financial advisors who have recommended their clients invest in cash Bitcoin ETFs have advised them to allocate 3.5% of their financial assets. It strikes me that the group of financial advisors who have made this investment recommendation to their clients is a small group. Institutions have not yet entered Bitcoin spot ETFs in large volume, because they have not had time to decide, and they will most likely do so now once a correction has begun. So there is money waiting to flow into spot Bitcoin ETFs. In such a way, that analyst's forecast can be fulfilled. Now, I prefer to look at the chart. What are we seeing in the short term? The day before yesterday, there was less money coming into the spot Bitcoin ETFs, and yesterday we had net outflows by funds from the spot Bitcoin ETFs. What does this reveal? It reveals that the bubble of optimism of people who believed that there were not going to be enough bitcoins for everyone is being punctured. We see that desire to buy Bitcoin has been reduced. And what do we see on the chart? The medium and long-term trend continues to be bullish, and what we are witnessing is a correction. It is an orderly, logical and normal correction. There is a bearish channel, and I have established first resistance at the 68.123 zone. In the short term, we are going to consider as the most likely scenario that Bitcoin continues to fall to that support zone that is around 61.000 And when it reaches that zone, or when we see some type of exhaustion pattern, we will think about whether it has made a bottom and can deploy another leg upwards. Guys, what do you think? Leave a comment with your thoughts.
BITSTAMP:BTCUSDLong
by tradingconmike
4
BITCOIN Weekly Update 05/02/2024 - 4hr breakdownHello again, so little quick cooperation on my statement : That by prolonged time of staying in highier price range without retracing down, odds are shifting to probability of going highier with time. So for better visibility I colored chart.. Now its clearly to see, that we stuck in price accumulation before unloading move.. But, its aswell clearly to see, that with time we slowly progressing highier, to our Buyside liquidity area and is unknown if we are willing to break to Highier range... Thats why for me is important FED high, which serve at this point of time as REVERSE point for me ... If I see price going above, and not willing to work to lower part of that range.. It should be "EARLY" signal, that there are increased odds of revisiting Highs from January and potentional more... Thats WHY is this idea not labeled long or short... But, if we not START to Reversing lower very soon (next 4-12 hours), odds to price pushing above 44k increasing a lot. So AGAIN, if you decide to make move and enter the trade, using STOP LOSS is a MUST! Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BITCOIN mid week Update - 24/01/24Hello everyone, Im back with just quick update to Monday pre-Market idea __________________________________________________ So, as expected we went lower really close to our Sellside t1. Price didnt touch our t1 box, but if you trade with Trailing Take Profit, you should be taking some profit-% off the table at this point. Today and Tommorow, there should be volatility coming so I would be very carefull about Opening NEW trades. Remember, ITS NOT SHAME TO NOT BE IN TRADE! Its always better to wait for setup which is favourable FOR YOU! At this MOMENT, Im observing price on lower time frames to decide if there is highier possibility of REVERSING on Daily time frame... So we possible could run up to 42-44k$ IF news later today favour that move... OR we can not work above smaller time frame Buyside liquidity targets, and we keep going LOWER as we was expecting... In my opinion, RIGHT NOW, is very hard to make CALL if we go lower/highier TODAY, since we already went LOW enought on weekly basis without any liquidity drivers, so there is good chance for swept on other side. Thats why I suggest to be VERY CAREFULL and if you decide participate before news, you should use tight STOP LOSS for your own good. I'll make next update when I will be more certain about which way we keep moving further. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading