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Bitcoinanalysis

Bitcoin Bounced As Predicted! What's Next?From our previous idea, we can see that Bitcoin played out perfectly :) BTC bounced off of our upwards channel and continued to the 200 EMA (as we previously predicted). Now I'm watching to see if it can break above that 200 EMA (17,300 level). If not, then I'm looking to retest the bottom of the channel again (16,800). If Bitcoin does break the 200 EMA then I'm looking for it to touch the 17, 640 level (major resistance). If you enjoyed my TA, please leave a comment or send me a PM :)
Long
by CryptoScripts
5
BITCOIN ~ IT'S UP TO YOUHallo again ladies and gentleman Bitcoin seems not enough yet to go to downside Last week i made an idea that connected to this Here's i give you 2 scene : Scene 1 : if Bitcoin have a good close bellow the red pin line (the red dot i draw) it's quite likely that we will bounce from previews support then go toward the upside again. Scene 2 : if Bitcoin move consolidation in the bommon of channel, we might be continue to downside till the bottom of support area in this level (or you can use MA) before make a rally movement again. At this point we are still moving the range channel. If you want more please comment and support by boost my idea. Always becareful and keep on your own analysis. ~Sinn 8/12/"22 11:00 (UTC +7)
by mrsinn
1
BTC/USDT Binance technical analysisHello, Today I will look at the BTC/ USDT pair on Binance in the 4h timeframe. The demand zone is sitting around 16K, and the supply zone is around 17K. I can see that the descending triangle is formatted, and I am expecting that the price will go downward from its current position. I am expecting a downtrend, bearish movement, and the price of Bitcoin to go down to at least $16200 in the next few days. Even if we had some small uptrend situations in the past few days, we are still in a bearish cycle. If the opposite happens (a bullish movement), we can expect the price to rise around $18,000, but I doubt it. Enjoy & have an amazing day! BF
Short
by elfabiiani
6
#Bitcoin Upside Momentum Fades, BTC Remains in a $2k RangePast Performance of Bitcoin Bitcoin prices are lower at spot rates, dropping two percent in the last 24 hours. Even though traders are determined, expecting the coin to recover after sharp losses, the path of least resistance is nevertheless southwards. This preview has been cemented following the losses of December 7 and the failure of buyers to reclaim $17.5k. #Bitcoin Technical Analysis Overall, Bitcoin is under pressure from a top-down preview. Year-to-date, BTC is down over 70 percent. At the current pace, the coin could post even more losses in the days ahead. It is regardless of bulls breaking higher above the bear flag in late November. Thus far, the immediate support is at $16.5k. As BTC prices consolidate inside a tight range, forming a flag, conservative traders can wait for a clean price direction. A break above $17.5k may see Bitcoin lift off in a welcomed recovery. However, sellers can unload at spot rates, targeting a retest of $16.5k and later $15.5k in a bear continuation pattern. What to Expect from #BTC? BTC buyers are struggling. There are lower lows versus the upper BB as momentum tapers, favoring sellers. The bear breakout of December 7 is pressing BTC even lower, increasing the odds of further losses in the short to medium term. With clear limits at $17.5k, bears have the upper hand. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
BTC Bounced Perfectly Off Our Support!Looking at BTC on the 4hr chart, we can see it continues to be in our upwards channel, bouncing PERFECTLY off of the bottom of the channel/horizontal support at $16,750. Right now I'm expecting it to continue upwards and retest the previous resistance of $17,167 (red line) which also coincides with the 200 EMA a little higher at $17,300. If it breaks both of those levels, we're going to $17,640. If Bitcoin can't break the $17,167 level, then I'm expecting it to come back down to $16,736 and if that breaks then unfortunately we're going to $15,900 (next major support). I'm also watching the Wave Fusion indicator for any major signals that coincide with said support/resistance levels. If you enjoyed my TA or have any questions about it or the indicators used, please leave a comment below or send me a PM :) Check out my profile for other indicators and trading alpha! Thanks for reading!
Long
by CryptoScripts
6
BITCOIN: FUNDAMENTAL ANALYSIS AND NEXT TARGET - LONGBitcoin's bears are advancing with renewed vigor. The digital currency is trading around $16,900, but fears of further complications from the FTX crash, recession, inflation, and geopolitical risks in China could push the rate down to $15,000. Understandably, even the staunchest investors who buy bitcoin on the decline are now worried. Now $16,900 is a significant pullback from the previous support level of $20,000 that bitcoin maintained over the summer. So far, so good. While you're buying it now, you're still buying on the decline. But now comes the moment of truth: do you buy if the rate falls below $15,000? Until the FTX incident, $15,500 was considered the worst-case scenario for bitcoin. But then what happened happened, and now there is a new worst-case scenario: $6,000. This would mean a huge 65% drop from current levels and would inevitably lead to more bitcoin bears. It would also lead to a final mass capitulation and runaway investor exit or complete market capitulation. Previous bitcoin bear markets have required such panic before bitcoin reached its final bottom. In short, the cryptocurrency market must have a moment of such intense pain that even the staunchest bitcoin investor decides to wave the white flag. Most likely, the market needs a final downward move to achieve complete capitulation. Only when bitcoin reaches a final bottom can we expect a new long-term rally. The good thing about all this is that bitcoin at $6,000 will still be double the bottom of the 2018 bear market. If you buy it at $6,000, you are setting yourself up for a potentially exciting price rise in the coming months. For example, consider the price projections of California-based crypto hedge fund Pantera Capital. It has set a price target for bitcoin at $149,000, based on its expected performance during the next halving period, scheduled for 2024. According to this model, bitcoin will bottom out by the end of 2022, followed by a gradual recovery in 2023, and a sharp acceleration in growth by 2024. Pantera Capital predicts that the cryptocurrency will hit $36,000 by 2024, and then jump sharply to $149,000. Of course, that $149,000 price forecast is probably at the upper end of most investors' expectations range. But even if bitcoin retreats only to $20,000, investors who buy that bottom will make incredible profits. This event may not be very likely, but it is definitely in the range of possibility; in mid-June, bitcoin was still trading near the $20,000 mark after the initial market downturn caused by Terra Luna. There is a popular saying in cryptocurrency circles, "Bear markets are where millionaires are made." That's when regular, everyday investors can buy valuable crypto-assets at the lowest prices. Buying bitcoin at $6,000 and waiting patiently for it to rise in value to $149,000 is the kind of investment that can make you a millionaire. Yes, it's a very risky investment strategy, especially given the historical volatility of cryptocurrency. And yes, for it to work, you will have to buy and hold it by going through a real experience. The final surrender of the bitcoin market will be head-turning and debilitating. But when that day arrives-when every one of your neighbors says you've gone crazy investing in bitcoin that's when the market will hit an absolute bottom. Total capitulation in the cryptocurrency market sounds terrible, but it's not terrible. It's just a feature of the system. It helps remove all the selling pressure from the market. Risk-averse investors are being replaced by risk-tolerant and risk-seeking investors, and the market has nowhere to go but up. That's why many remain optimistic about bitcoin. Buy on the downside - and especially on the double dip when the rate drops below $15,000.
BINANCE:BTCUSDLong
by FOREXN1
8
Bitcoin is moving exactly as predicted!Hello, everyone! My last forecast on Bitcoin has been perfectly completed. I don’t want to be too self confident but it looks like I have now better understanding of the Trading Chaos by Bill Williams. It is the best motivation for me to continue studying and practicing this approach and I hope my articles are useful for you. What is next? Let’s take a look at 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Wave 5 reached the minimal target at $17400 where I have successfully executed short trade. I decided that wave 5 have been ended because of the divergence with the Awesome oscillator. Moreover the wave 4 minimal condition have been met – the zero line crossover on the AO. I wanna tell you that you should confirm Elliott waves with the AO, because without it there is the high probability of misunderstanding the waves counting. The previous Elliott waves cycle have completed the corrective wave C and now I consider the new bearish wave 5 have been started. Watch out my analysis updates because the market is alive and we have to change our decisions when market shows us the new information. Best regards, Ivan
Short
by Skyrexio
12
BTC is in the last stages of the corrective cycleOur view about the Bitcoin situation. The corrective cycle that started one year ago is reaching the last stages. Even though the current price could be an excellent option to buy BTC, we still believe BTC will make new lows until it goes down to the 12,000 level and reaches the Inflection Zone (green area) to end the corrective cycle. From there, we expect it will resume the uptrend and start the bullish cycle that will break the historic highs during 2023. We strongly believe this will be the last chance to buy BTC at this low price as we forecast that once wave 2 starts (II in orange, the new bullish cycle), the BTC price will never return to this price level. We will continue monitoring BTC and update you accordingly. Have a fantastic trading day
COINBASE:BTCUSDLong
by TradingtheRightSide
1
#Bitcoin Upside Momentum Fizzling, Support at $16.5kPast Performance of Bitcoin Bitcoin traders are optimistic, confident that the coin could post more gains in the days and weeks ahead. However, per the current setup, BTC price action is drab as the coin moves inside a tight range. Overall, the path of least resistance from a top-down preview is bearish. All the same, that BTC is bound by the November 30 bullish engulfing bar; there could be hope for traders. #Bitcoin Technical Analysis Presently, bulls are upbeat. The breakout above the bear flag in late November forced BTC higher above $16.5k and later $17k. However, the failure of bulls to build on gains of November 30 points to weakness. Currently, BTC has printed a bull flag, trapped inside the bullish engulfing bar and below the all-important liquidation zone at $17.5k and $18.5k. Aggressive traders can look to liquidate on every attempt higher, targeting $15.5k. This preview is as they aim to ride the dropping upside momentum formed in the past few trading sessions. Meanwhile, unless there are gains above $17.5k, conservative traders can wait for a clear trend definition. It is as they are aware that losses below $16.5k and $15.5k effectively derail bulls. What to Expect from #BTC? There are lower lows versus the upper BB, suggesting drooping momentum. Besides, the failure to pierce $17.5k means traders are still hesitant, even projecting that the coin could be overvalued. The best course of action is to wait for a clean breakout above $17.5k or $16.5k before traders commit. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin 30000 ? Bitcoin MARKET UPDATE Bitcoin support levels - 16,500$ and 16,850$ strong Support Bitcoin resistance - 17600$ and 18100$ strong resistance ——————————————————————— Analysis - Bitcoin forming a Rising Wedge which is Bearish pattern. Bitcoin price settled above the $17,000 resistance zone and able to clear the $17,100 and $17,200 resistance levels. The price even spiked above $17,400 and traded close to the $17,500 resistance zone. However, the bears were active near the $17,500 resistance zone. A high was formed near $17,440.
Short
by Waqar212
#Bitcoin Consolidates Inside a Bullish Engulfing BarPast Performance of Bitcoin Bitcoin prices are uneventful, looking at the candlestick arrangement in the daily chart. BTC is within a consolidation, inside the November 20 bull bar. Since prices are bound inside a bullish engulfing bar and still trending within a breakout formation, buyers stand a chance. This outlook is valid if prices are above $16.5k and the bull flag. #Bitcoin Technical Analysis Bitcoin bulls may have the upper hand in the short term. Of note, prices are above the $16.5k support level. However, they are yet to break the $17.5k and $18.5k sell wall. This reaction level is critical if the uptrend is to be defined. As it is, bears remain in control below $17.5k. Conservative traders can wait for a clear trend definition above $17.5k or below $15.5k. On the reverse side, aggressive traders can double down their selling, targeting the base of the November 30 bull bar in the sessions ahead. What to Expect from #BTC? BTC is in range, inside the November 30 bull bar but above the 20-day moving average. Bulls have a chance, but sellers are in control from a top-down analysis. As long as prices are above $16.5k and $15.5k on the lower end, BTC may rebound, bottoming up after a year of sharp losses. Resistance level to watch out for: $17.5k Support level to watch out for: $15.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BTC Rejects at our Trend Line! I tried to be as detailed as possible with the TA above. Please boost if you enjoyed this thread :) Bitcoin has been in an upward channel for the past two weeks and just rejected perfected off of the upwards channel resistance at $17,400. It broke down through the micro support of $17,167 and I believe it will reach our next target of $16,700 before having a relief bounce to retest the new resistance of $17,167 and possiblly climbing to $17,640 (our next MAJOR resistance). If we continue to break the $16,700 support and break down out of the channel, then my next MAJOR support for BTC is $15,900 and $15,600 which were our previous supports Nov 13th and Nov 21st. I'm personally waiting for another buy/sell signal from Wave Fusion, especially if it coincides with a support/resistance level. If you enjoyed my TA or have any questions about the indicators used and how to gain access (Wave Fusion), then comment below or send me a PM :) Thanks for reading!
Long
by CryptoScripts
#BITCOIN CRASH IT ABOUT THAT TIME BINANCE:BTCUSDT Hello everyone bitcoin is about to make another scary move again (11k or 10k range), I'm not always happy to see bitcoin falling but what do we do? Yet every fall Is always an opportunity for those who understand. so let go to the main discussion where I'll be expecting the next stop of #BITCOIN price movement. no long story if you have been following my previous BTC IDEAS if you haven't watched my previous bitcoin ideas go and do so now to understand my price tags and movements. so, my next stop where I'll be expecting bitcoin is at price ($11,620.45 ---- 10,086.26) at this range do not expect bitcoin to go lower meanwhile this could possibly be the golden button ever!!!!
Short
by REIMCLUEFX
BTCUSD Weekly Volatility Analysis 5-9 Dec 2022BTCUSD Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 9.08%, down from 9.35% last week according to DERIBIT data With this in mind, currently from ATR point of view we are located in the 54th percentile, while according to DERIBIT, we are on 19th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 4.6% movement Bearish: 7.91% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 19.4% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 18700 BOT: 15500 Taking into consideration the previous weekly high/low, currently for this candle there is : 65% probability we are going to touch previous high of 17250(already hit) 25% probability we are going to touch previous low of 16000 Lastly, from the technical analysis point of view, currently from Weekly timeframe POV 80% bearish trend Daily timeframe POV 13% bullish 4H timeframe POV 66% bullish
INDEX:BTCUSD
by exlux
1