Will #BTC see 9K to 12K or What ?By examining Bitcoin in the Weekly TF (Logarithmic), we can see that the price has created an FVG that caused by a liquidity void in the last week with a sharp fall and penetrated to the 50% fibo level of the bullish rally of the last 2 years! There is a medium-term scenario that increases the possibility of the price falling to the levels of $11,600 and $9,000, but be careful, this scenario will not be activated until the price consolidates below $15,500! The next scenario is an upward movement to $20,000 as the first target, the condition of this short-term scenario is the formation of a weekly Bullish candle in the current week! All other important things are more clearly on the chart!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.15.2022
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Bitcoin-btcusd-btc
BTC - 1D Not bullish yetThe BTC Price broke the support zone, but it didn't fall a lot. So, the selling pressure is reducing, it hasn't finished though.
That resistance zone is quite important. If it breaks upward, the next bull run will be more likely.
Bitcoin Weekly RSI AnalysisI see a pattern in RSI crossing RSI's Moving Average.
In 2018, there were 5 Down Crosses before bottom was in. After the last down cross, BTC went down 50%.
In 2022, 5th Down Cross happened on 5th Dec, 2022. We can expect a similar move.
Let's see how this goes.
Bitcoin short-term view - $16,960 insurmountableBitcoin short-term update
(a) BTC still hanging below $16,960 - FIB golden pocket - SMA+EMA
(b) bearish visit of $16,530 get's likely IMO🐻
(c) bullish bias when breaking $16,960 - target $17,500🐂
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BTCUSD trading planThe pattern is set, waiting to break out. But this will not be happening soon.
Trading volume and movement are likely to continue being low. On the economic calendar, there is not much worth mentioning.
In my opinion, BTC will stay in this range for a while, or maybe the same as yesterday, at 16k9. Nothing changed with BTC. Still, the price structure points toward lower prices. But as we know, in the crypto market, price action could go very unpredictable, so it is not worth the risk. Are we at the bottom yet? Yes, we might be, but it could go lower and lower. One thing is for sure, we are closer to the bottom than ever, and I still have my bet on the 12-13k. The best advice I can give here is to stay off the market for a while.
At this time of the year, we should sit down and reflect on what we have learned.
Me, I have learned three things:
1. Never predict or forecast what will happen, no one knows the future. All we can do is list the possibilities and plan to act when the situation arises.
2. Minimize distraction and Focus on what is important, whether it is a trend, a piece of news, or a fundamental.
3. Love the process, even if you are losing some money or even when the price did not move at all. Trading is a journey, the soon you learn to love the journey, the happier you will be.
I wish you and your family a happy holiday, stay safe. Peace.
Bitcoin Holiday: 3 Suggestions.While my swing trade short idea in Bitcoin has not reached its break even stop since I suggested the adjustment, I have suggested that people in the position close it at market (16,850 area at the time). While the profit (approx +755) was not able to justify the risk, it is better to mitigate risk rather than hope for big wins in this environment. In other words, if its green, and a conflicting signal shows up, take the money and run.
The conflicting signal came earlier in the week (large green candle) which missed my profit target by less than 100 points. I have been warning followers about the type of price action to expect around weeks three and four of December. A lot of nothing and that is what we are getting.
Here is what else I suggest around this time of year:
1. AVOID the nonsense forecasts and irrelevant opinions about where markets will be in the future. If you haven't learned your lesson from the same nonsense that we were seeing a year ago, then I don't know what to tell you. NO ONE knows the future (unless you are an insider). Technical analysis sheds light on some possibilities maybe a few weeks out, maybe a month at best.
2. FOCUS on information and events that are FACTUAL. For example, we know that in January, a new senate will take over in the U.S. This means it is reasonable to expect some changes in legislation. What exactly I don't know. We also know the regulatory agencies will be very active this year, they were very public about their intentions. We also know there will be events and preparations for the next U.S. presidential election. These things can affect markets.
3. Use this quiet time to plan your investments and educate yourself more about how the industry works. Learn to account for risks and stop chasing dreams. There is no such thing as fast money in this game. Those who believe the "images" of this lifestyle are ignorant. Stop focusing on gimmicks, charting, etc, and instead take the time to consider where you fit in from the industry perspective. The sooner you figure this out, the better you will be able to judge the information that you are constantly presented with.
Over the next week, volume and activity is likely to continue to be light. There's not much on the economic calendar even worth mentioning. I suggest taking the time off, ESPECIALLY if you are on smaller time frames. While NOTHING has changed in Bitcoin, price structure still points to lower prices. Without a catalyst though, price action can be VERY random and full of false movements. It's not worth the risk and BETTER to WAIT for an environment that can drive prices with more momentum.
Thank you for considering my analysis and perspective. I sincerely wish you a happy holiday and hope you enjoy with your families. Thank you for being a great community and for your support.
Bitcoin Reversal Hopes BLX trend line in solid white that needs to hodl for price to reverse to the upside
If this structure breaks down and it is no longer a higher low price may continue downward within the channel
Hopes
Bitcoin🟠and the Trimmed Mean PCE⚫️inflation rate👀The Trimmed Mean PCE inflation stable
See the reverse of Bitcoin🟠and the Trimmed Mean PCE⚫️inflation rate👀
Do we see the next Top in PCE and a following #bullish momentum for BTC dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Bitcoin short-term view - and Marry Christmas 🎅Bitcoin short-term update
(a) BTC still in the range between $16,530 - $16,960
(b) bearish if we break below
(c) bullish if we break above
That simple - don't expect that during Christmas dear Crypto Nation
Have a great time🤗😎🎅
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BITCOIN 3D Bearish Pattern UpdateAccording to the chart, the important downward support area has been broken in the 3-day time frame, and if we lose the support area, we expect a fall. Otherwise, to reverse the upward trend, it is necessary to break the upward trend line.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin short-term view - cloud of resistancesBitcoin short-term update
(a) BTC with a short break below $16,530 but back at FIB golden pocket again
(b) bullish if we break the resistance cloud (trendline + SMA + EMA + $16,960) will be hard to achieve IMO
(c) bearish at lower lows
Have a great Day dear Crypto Nation
Let me know your thoughts in the comments🤗
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Do your own research before investing
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BITCOIN 30MIN next move According to the chart, if the support zone is broken, we will have more fall in the next hour, and otherwise, an increasing trend will be formed.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
BITCOIN The RSI is the key and is hanging from a thread.Bitcoin (BTCUSD) on the 1D time-frame is consolidating while the RSI just bounced on its Higher Lows trend-line that started after the FTX crash (November 09). This is as tight as it can get in terms of a Support as throughout the whole year, when the RSI broke below its Higher Lows, the price dropped aggressively (red zones).
Right now we are on a hold or break point. Do you think this pattern will continue and a break below the RSI Higher Lows will deliver a new drop of at least -26% (that would push the price to around 13500) or this time is different?
Feel free to let me know in the comments section below!
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Bitcoin, 15minOur priority scenario in Bitcoin is the rise in wave b to $17300-17500. It is very important how the movement will develop at these levels. In case of growth above $17,500, our markup will change.
BITCOIN Has a mountain to climb but theres light down the tunnelIndeed Bitcoin (BTCUSD) is far from being at its best shape as not onlt was it rejected last week on the 2D MA50 (blue trend-line) but the RSI did so also on a Resistance Zone holding since last March.
The pattern since the June low is a Falling Wedge and that won't seen to be able to break to the upside unless the price breaks above the 1D MA200 (red trend-line) which by the first week of January should enter the Falling Wedge. Only then, after breaking this trend-line that has been intact since December 31 2021, can we expect Bitcoin to turn bullish long-term. Until then, the top (Lower Highs trend-line) of the Falling Wedge poses as the next rejection point/ Resistance.
The only indication showing that there may be light down the tunnel for Bitcoin is the U.S. Dollar Index (DXY). This has been dropping significantly since September 26 and even though as you see on the chart they have a negative correlation, Bitcoin broke this after the FTX crash. With the Dollar continuing to drop, it would appear that when the crypto market gets past this fundamental effect of fear and uncertainty it left, it will shoot up aggressively to cover the lost ground to the upside.
Do you think the market is far from getting back to normal again and capitalize the Dollar drop? Feel free to let me know in the comments section below!
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NASDAQ100 equal Bitcoin equal NASDAQ equal BTC 👀👀NASDAQ100 equal Bitcoin equal NASDAQ equal BTC 👀👀
Both assets at the important FIB golden pocket on the 12 hourly chart🚨
Will we see a support rejection soon dear Crypto Nation❓
Give ♥️ if you ♥️
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Bitcoin and the $16,500 mark👀Bitcoin and the $16,500 mark👀
Not only an important price level on my current short-term charts I share with you
Look at the BTC reaction 2 YEARS ago👀🚨
A daily close above the yellow wick limit line would excite me - you to dear Crypto Nation❓
Let me know your thoughts in the comments🤗
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Bitcoin shorting opportunity This is a BTC shorting opportunity with target at 6700/6800.
Reasons that I follow:
1) 3M macd negative crossover and stochastic negative crossover heading is pointing towards a large range sideways move.
2) 1M macd negative is below signal line and below xero line. Stochastics in oversold zone.
3) 1w macd in negative territory does not reap any bullish signs of buying sentiment.
4) prices is below all averages on D,w.
5) many FUD news on the block.
Bitcoin short-term view - watch $16,530 volume support‼️👀Bitcoin short-term update
(a) BTC with perfect touch of mentioned $16,530 volume support‼️👀
(b) further bearish break target at $15,800 - $15,460
(c) first bullish signal would be breaking $16,960 again
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
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Do your own research before investing
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BITCOIN 50% of stocks above 1D MA200 = RallyThis is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon.
Initially a few weeks of volatility takes place but the process already kicks in. Bitcoin's RSI is displayed in orange to give a better perspective of where we could be historically compared to prior bottoms. As you see, it tends to lag behind the stocks' indicator when it breaks above 50% .
Do you think the pattern will be repeated again? Feel free to let me know in the comments section below!
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BITCOIN 6H breaking channel NowIn the previous analysis of Bitcoin, we mentioned the channel that today the channel's support for the data went and updated the support ranges.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
GOLD 4H Channel & SupportGiven the chart in the 4 -hour frame time, the price is on the upward channel, which, if preserved, we expect to climb the channel after colliding. If the floor of the channel breaks, the loss to the specified area is not unexpected.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Bitcoin short-term view - SMA & EMA supportBitcoin short-term update
(a) BTC found support at SMA & EMA as supposed yesterday
(b) a second bearish leg to $17,195 of $16,960 likely
(c) bullish when breaking $17,500 again
Have a great Day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
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Do your own research before investing
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