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Bitcoinforecast

Can BTC Hold Above the 16.8k Support?Over the past few days Bitcoin has shown good resilience, bouncing off of our $16300 support. Now we need it to hold above $16800 for any chance of maintaining this bullish momentum. Here's a couple things that has been concerned: 1. The RSI is crossing to the downside, getting closer to the signal line. This would indicate a change in the momentum and traders taking profit from the recent pump 2. The MACD is starting to flatten out. This indicates losing momentum as well as possible continued downside Both of these factors are coming into play as we get closer to the weekend. $16800 was such a pivotal point the past few days that I'm thinking we may stick around it for a little while longer. With that said, if you're thinking of taking a long, I would place my stops around $16600. If you're thinking of taking a short, wait until we get to the $17300 level. There's major resistance including horizontal and the 4h 200EMA. I doubt BTC breaks these on the first try. If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
Long
by CryptoScripts
2
BTC Bitcoin - Weekly Chart Death CrossToday you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD). Bitcoin price on the weekly chart shows some concerns as the 200 and 50 SMA looks like it will be crossing forming a Death Cross. This would be the first time a Death Cross happens on the weekly chart for BTC in its history. It is estimated to happen in between January-February 2023. There may be a chance the Death Cross may be avoided if the price moves much higher or lower quicker. I see price come down to $7K-$8K. I still don't think that will be the bottom, but it may be a temporary bottom. I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
BITFINEX:BTCUSD
by MillionaireEconomics
Bitcoin Dump 12000$ ? CRYPTO MARKET UPDATE Bitcoin support levels - $16,700 and $16,300 strong Support Bitcoin resistance - $17,300 and $17,800 strong resistance ——————————————————————— Analysis - BTC Support is at $16,700 and $16,300. Resistance is at $17,300 and $17,800. Trade carefully and manage risk according to mentioned support and resistance levels. BTC closed its daily candle green at 16895. Looking at the 1-hour timeframe, 50 MA has been able to provide support to BTC which is around $16,700. 200 MA resistance is around 17,100. BTC needs a high volume to successfully break out from 200 MA resistance. If BTC is unable to maintain 16700 support then there will be a higher probability towards testing of the next support which is at 16,300.
Short
by Waqar212
1
BITCOIN - CHRISMAS MOVES Usually, in the first moment Bitcoin will get a high retest of new range. First Range would be retest of 17600 - 17800 , where from that range we would see a nice decrease to retest 16950 - 17120 level, after which Bitcoin will take a second steep to retest 18120 - 18200 range. Somehow from there.. Bitcoin may retest lower range again at 17120 - 17300 level. This somehow will make Bitcoin to do an potential Double Bottom Pattern, and this somehow will result a nice increase in price towards 19200 - 19800 level.
BITSTAMP:BTCUSDLong
by UnknownUnicorn5699044
BTC Bitcoin Price Review - Short TermToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like its forming a lower high as part of the downward market structure. There is a chance for the price to go higher as shown in the chart before heading down lower. Targets shown in the chart. To support the analysis, I have included the Ichimoku Cloud, RSI, Volume Profile (VPVR) and Fibonacci Retracement. I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
BITSTAMP:BTCUSD
by MillionaireEconomics
Bullish Divergence on Bitcoin Bitcoin has been in a downtrend a long time, last bear market i was here, i called the bottom, i longed 3,700 i will do the same this time too, bullish divergence on bitcoin 1 hour does not look great for bears. Currently bitcoin is stuck in a liquidity lock but over the new years period this liquidity will decline and the liquidity lock will become reduced. From a fundamental perspective many are expecting global markets to worsen, i think these people are negative parrots that refuse to understand the technology and the adoption of that tech. I am a Bitcoin bull right now, below $20,000 bitcoin is a bargain, people would have done anything to buy here just a few months back, bitcoin needs to fill the liquidity gaps around 25-30k so this would be my target for early next year heading into tax season as weird as that sounds. If you want to know more about my thoughts, follow me on YT.
Long
by thatmartiniguy
1
Bitcoin Will Hit 13000 ? Bitcoin MARKET UPDATE Bitcoin support levels - $16,300 and $16,000-$15800 strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - $16,600 and $16,900 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath. ——————————————————————— Analysis - BTC Support is at $16,300 and $16,000-$15800.Resistance is at $16,600 and $16,900. BTC broke its 16600 support and made a wick towards 16260. 16300 level has acted as support. Manage risk strictly as per mentioned support and resistance levels. BTC closed its daily candle red at 16438.Total Crypto Marketcap is at $795 billion down by 2.12% and BTC dominance is at 39.9%.
by Waqar212
1
Fulfilling projections expectations 2023On Wednesday 14th December, 2022 We’ve placed an order at $18 140 to SHORT Bitcoin following our projections and Biz plan towards 2030. Following our management plan; we expect to see more downside in Crypto Assets World. Last week, the FED gave us every reasons to believe that growth will be retained; till we are able to see a better Economic Landscape in projections to the mid-ending of 2023 to the beginning 2024. Carefully moving with wide eyes opened
Short
by JKAP-
1
Bitcoin – the bounce is possible!Hello, everyone! As you know I am in short position and I am sure that the new impulsive wave to the downside has been already started, but local picture told us that we can catch the pretty nice scalp long trade. Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. I decided to consider the waves 1 and 2 as it is shown of the chart. In this case the wave 3 reached exactly 1.61 Fibonacci retracement level – the natural target. Awesome oscillator minimum value also confirmed my idea that wave 3 has been finished. Oscillator has also crossed the zero line which is the minimal requirement for the wave 4 end. It means the we have to catch the wave 5 bottom to trade the potential bounce. Let’s wait for the divergence and the bullish reversal bar to enter the long trade. Watch out my updates I will tell you when I am going to execute this trade. Best regards, Ivan
by Skyrexio
10
BITCOIN: NOT A PLEASING CHART.BITCOIN Update: BTC in a shorter timeframe is not pleasing to the eyes. This rejection indicates a drop close to $16k to $15.8k in the coming hours. If BTC gets back above the resistance level ($16.8k) then we can think of some positivity but until then I expect a further drop-down in the market. In a higher timeframe, BTC looks more bearish and we can expect it to drop close to $15.1k. This is good for the long-term holders to accumulate BTC at a lesser price but RIP for those who went long on BTC in leverage. Key points: 1. $16.8k Resistance. BTC must break this to claim some positive move. 2. $16.1k further drop level. Trade safely, guys.
COINBASE:BTCUSDShort
by Dexter_The_Trader
3
BTC - Buy Low Sell High StrategyEveryone is asking the same question: When and where will Bitcoin find the bottom and where should I enter...? To be able to answer this question at least a little bit, we present you the strategy "Buy low and sell high". This is actually the simplest strategy in investing, which is nevertheless done wrong by 95% of investors, because buying low and selling high is only a matter of opinion. For one person Bitcoin is low at 50,000$ and he buys and for another person Bitcoin is low at 10,000$ and he gets in. Therefore, the successful implementation of this strategy is based on precisely predefining the low and high points in order to be able to determine where a "low" and where a "high" is. Entry areas Defining this is harder than one might think, especially in such volatile times as we are currently experiencing. Therefore, we do not focus on lows, but areas. We delineate the different areas with the help of trend lines and horizontal resistances in order to be able to determine, on the one hand, how low it could fall and in which momentum it is in the individual areas. Accordingly, we have also shown the areas in gradient colours. The redder the areas the more bearish the momentum, the greener the more bullish! You have to look at this the other way round in terms of investment strategy: The redder the area, the larger my entries should be. The greener the area, the larger my exits, i.e. profit-taking, should be. Examples of strategy implementation If you are only waiting for the one perfect entry and the one specific exit, you will probably have very little success. It is much more effective to enter in steps in such volatile markets: According to market conditions: You stay constantly on the chart and try to follow the individual levels and react to them. You are thus more spontaneous and can intervene manually. Light red: invest small amounts occasionally Red: invest medium-large amounts more often Dark red: invest large amounts more often. Light green: take small profits occasionally. Green: take smaller profits more often Dark green: regular larger exits/profit-takings On the basis of fixed predefined entries You set predefined orders for each entry range (light red - dark red). E.g.: you divide 100% of your Bitcoin capital as follows: Light red: 20% Red: 30% Dark red: 50% For each of these areas you now define a price level in this area and place a fixed buy order with the predefined amount at the price level. You can keep the amount of work small and place only 1 order in each range or if you want to be on the safe side, you can also plan e.g. 2-5 entries in each range. You can set the weightings and entries (number and value) as you see fit, these are only intended as guidelines so that you can get an idea of what they mean. For example, we are only buying in the red and dark red areas, but not yet in the current light red area. We would advise you not to plan any exits yet, we will do that together when the time comes again. Further BTC course As already mentioned, the redder the area, the more bearish. The green areas represent the price levels from which we would claim, if we reach them, to become bullish again and thus the next uptrends could come. The greener the area, the more bullish for the long-term chart. We hope we could help you with your entry strategy planning!
by Consyder