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BTC outlook - Bearish Trend continuesHere's a quick look at the 3-day BTC chart. As we can see, the price has been oscillating within the bigger descending triangle. If DXY (Dollar Index) keeps rising, we should expect the price of BTC to go further down! There are some unfilled Fair value gaps between 11k and 12k. Also, there is an unfilled CME gap at 9.7k! These gaps tend to get filled at some point! These gaps will likely get filled in this bear market since the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down! I firmly believe the bottom will be close to the 10k area. We have yet to see the last capitulation, IMO, yet! Trade Safe! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Short
by MBM_Crypto
6
Insane short on Bitcoin this New Year!Hello, everyone! It’s time to refresh the Bitcoin analysis. BTC stacked it the annoying flat. This is the corrective wave and I think it’s has not been finished yet. Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. The first downward impulse consists of clear 5 wave cycle. Now there is a corrective wave 2 which is going to be represented as a zigzag ABC. I consider that wave C has been already started and we are going to see the 5 waves cycle inside this wave. Here we have 2 targets. The conservative one is $17200 . The imbalance candle was formed in the impulsive downward wave and usually such imbalances should be filled at least for 50%. The optimistic target is $17500 because the Fibonacci retracement 0.61 level is here. Also this target coincides with the start of the imbalance. I am holding ADA for the potential bounce, but wanna warn you that I am not good in corrections defining. If you are not sure it’s better to skip trades in corrective wave and wait for the insane short. I am going to count waves inside wave C and open short the the reversal bar in wave 5. Let’s see what will happen. Best regards, Ivan! ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
7
BTC Still Stuck in a Range! What Next?BTC broke below our 16.7k support and continues to remain in a range between 16.7k and 16.3k. I would not take a trade here until it gets to one of the aforementioned levels. The Wave Fusion indicator still hasn't given a buy and I'm waiting for a sharp move in either direction to get some volatility and create some mean diversion. The 50, 100, and 200 EMA still remain big resistance from 16.7k-17k so I expect it'll take a catalyst to break above them this time. This still leads me to more downside. I'm targeting at least 16,3k for BTC then 16.1k (where I'll be DCAing both times). If you enjoyed my TA, please send a boost my way and leave a comment :)
Short
by CryptoScripts
1
BTC Analysis Log.= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = All contents published here are my ideas / opinions and for reference purposes. Use these contents at your own risk. I will try to use a single article to aggregate my analysis and monitor price movements. = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = First of all, I noticed that there are 07 price areas that I am paying attention to and there is a high probability that the market will react in these areas. Please note: These areas are not fixed and will constantly change over time. 📍 Range: 6300 - 7650 📍 Range: 9000 - 10300 📍 Range: 16150 - 17400 ( ⚓ The trading price is in this range ) 📍 Range: 18800 - 20700 📍 Range: 22700 - 24000 📍 Range: 29200 - 30600 📍 Range: 38350 - 39650 As of the time of this analysis, BTC is trading between 16150 - 17400 about 4.5% below its most recent low around 17590 on June 18 and is still holding up. 🔼 Positive opinion: BTC will continue to fall to 15500 before rising to 18800 - 20700 or better straight to 22700 - 24000. 🔽 Negative opinion: BTC will continue to rise to 18800 - 20700 and then continue to drop to 9000 - 10300 ( equivalent to 50% of value ) or drop directly to 9000 - 10300 ( equivalent to 40% of value ). 📊 I will continue to update in the update section below. ⬇️
by Leaked_Timeline
BTC Continues Sideways! What's Next?On the 4h chart for BTC, you can see we broke above the 50 EMA, but are still below the 100 and 200 EMA at 16.9k and 17.1k respectively. Our Wave Fusion indicator still hasn't flashed a buy but we are close to support at 16.7k so I remain cautiously bullish until we break that. If we go below 16.7k, I'm afraid we're heading to 16.3k, where I'll still be DCAing next. Although if y we break above the moving averages, I'll be looking for a short at 17.3k which is heavy resistance. If you enjoyed my TA or have any questions about my indicators, please send a boost my way, leave a comment below, or send me a PM :)
Long
by CryptoScripts
2
Bitcoin in a Falling Wedge?Falling wedges can break either direction & are notorious both for faking out market participants AND for the speed at which the ultimate move goes. Should this pattern fill out a bit more so that it's crystal clear that it's a FW, here are the break out targets visualized. For breaks to the upside: ~$30,000 (macro resistance) ~$25,000 (highest high in the pattern) For breaks to the downside: ~$9,750 (1.618 extension of move) ~$5,250 (measured move) Armed with these targets, you should be able to begin formulating a plan. Again, markets tend to move VERY quickly once a breakout occurs. I often liken it so someone yelling FIRE in a crowded theater & everyone rushing for the exits at once. Those sidelined & off sides will react swiftly to close their positions (both manually or with stops). Margin cascades will occur fast and fierce. As is often the case during bear markets, LIMIT YOUR MARGIN USAGE!
BNC:BLX
by Crypt0Jack
Did you see that Huge Wedge on the Bitcoin chart?I hate technical analysis patterns and think they are crap. But there is one pattern that has a good winning percentage and that is the wedge pattern. Did you see this wedge on the bitcoin chart on the weekly timeframe? It looks strong, but it could still touch the $10-$12K zone. Friends, I will be very happy if you like this idea and subscribe to me. It will be the biggest gratitude for me and an incentive to make even more cool content for you. 💚💚💚
by Yaroslav_Krasko
9
BTCUSD Bitcoin : "Falling wedge" and what's next! 23.6Practicality, simplicity and logic. Lack of emotion in trading fused with the ability to see pure rational and logic is crucial. A classical reversal "falling wedge" is appearing on the chart with connecting lows and highs of the last close to 12 month of trading. The range of the wedge currently stands between 17,500 to 31,000. The more likely scenario is a resistance breakout and resume of upward trend, meaning current target and target to break is 31,000 for full on up-trend to be back and a new high within reach. This may take a lengthy period of time of weeks to months. The less likely scenario is a drop below 17,500 which could take Bitcoin back to 12,000 horizontal support stretching back to 2017. Bitcoin is capped to 21,000,000 coins and currently stands at 19,000,000. Once supply is capped , what is the endgame for Bitcoin? Today roughly 11% of the population holds crypto, once the percentage hits 50% , what do you think the price of Bitcoin would be considering no more coins can be mined? Recession, inflation and so forth give the Bitcoin potential to be huge. With descending trust in banking and conventional currency, which the last 2 years significantly exposed with trillions of USD printed, cheap endless credit globally and an overall aging monetary system. The short-term may prove to be low risk high reward territory. 17,500 immediate support, compared to 31,000 target - 20,000 at the moment of writing this. Trade with caution! -------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! I hope this proved to be useful, if so - I would appreciate a like and follow :) Any comments and questions are welcomed, looking forward to answer them all. I am not a financial advisor and encourage you to do your own research before trading. --------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
2
Most logic Bitcoin analysisOn 2014 Bitcoin dropped -86% from the its highest point with the Money flow index hitting the oversold area and two years later bitcoin ran back up 12370% 2018 Bitcoin dropped -83% and the Money flow index hits the oversold area again and a year and a half later bitcoin ran back up 2200% currently bitcoin is on the move downwards, Money flow index is oversold and people are panicking and thinking this the end of bitcoin just like it happens in every bear cycle. Chart is indicating the bottom is at $9k - $13k range <-- this is where i will scale in and ride bitcoin all the way up to $100k. The greatest profits come from seeing things better than others do.
INDEX:BTCUSD
by WooTradez
4
#BTC/USDT $20k target if this happens!In our last chart, we predicted the $18.4k target. The price followed every single point. For now, the support remains around $17350. The price is likely to move higher from here. Possibly $20k. The second scenario is if we lose the $17k level, we are looking at a $15k target for the Bears. (Less likely) For the $20k target, the condition being BTC holds the $17.3k level which is also the invalidation point of our chart. Let us know what you think. Please show your support with your likes if you find my updates helpful. Thank you #PEACE
Long
by Cryptorphic
22