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Bitcoinforecast

BTC/USDT - Short Setup Brewing?🔮💰Looking at the Bitcoin 4h chart, we've mapped out some key level and a potential short setup. 📉 The first being the 17.3-17.4K resistance. If we work up to that area, it might be worth looking at some shorts.🔨 A move back down to 16.9K or lower in the near term would be ideal. If we do leg down beyond that, we might be in for a serious leg back below 16K, into the 15K range. Macro environment will also be at play here with the PPI #'s coming in pretty ugly. 📰 It will be interesting to see how we close out the last month of a brutal 2022 for all markets. As we say in almost all of our breakdowns, we think 2023 will be pretty ugly and recession is HIGHLY likely. Only time will tell. Stay safe & eyes peeled out there on the charts! 👀 -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
2
BTC: Ascending Wedge w/ Liquidity TrapHere is the second part of my "There will be blood" chart (check it out below), which accurately forecasted the next redistribution event for BTC. It's becoming a familiar occurrence: an unmistakable ascending wedge pattern emerging with dominant supply expansion in the pullbacks presupposes more downward action to come, but perhaps not before a quick liquidity grab to the north. Since July there have been a myriad of rising wedge redistributive ranges in the PA. This appears to be yet another. ** If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how. *Not financial advice. DYOR and trade at your own risk.
COINBASE:BTCUSDShort
by jalapablo
8
Bitcoin buy (long term investment)I position myself as a scalper in the forex market, but as many other traders, I'm interested in Bitcoin as the main tool in the crypto market. Therefore, I consider investing in Bitcoin only for a long-term period. By looking monthly chart we can see two clear break of strucures (BoS). So I'm looking for buys. The next step I draw my point of intrests (POI) which are 50% and 75% of high and low of first BoS (red purple circles). That's my buy zone. Then I build Fibonacci extensions from highiest levels and I've notiesed the main key level. It's just near my buy zone (50%). With high probability price will reach my first entry - 6940.00 I also recognized that there is liquidity (LQD) line (from 2972.01 till 3955.25). Half of the liquidity range falls under my second long entry (75%) so most likely is that price will also reach my second entry - 3470.00 for 1 Bitcoin. Let see how it will work. Good luck to everyone;)
BITSTAMP:BTCUSDLong
by margarita_morozova
3
Bitcoin Will Hit 100k Bitcoin MARKET UPDATE Bitcoin support levels - 17000$ and 16500$ strong Support Bitcoin resistance - 17500$ and 18000$ strong resistance ——————————————————————— Analysis - BTC Support is at 17000$ and 16500$ Resistance is at 17500$ and 18000$ Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, currently Volume is slightly decreased Currently BTC RSI is at 67.95 BTC dominance is at 40.65 and Total Crypto Marketcap is at 858.3Billion
CME:BTC1!Long
by Waqar212
Bitcoin – bears dominate below this levelHello, everyone! My last call was quite accurate, after trendline resistance Bitcoin has started it’s dump, but today it faced with difficulties to break down the strong support. Today I defined the invalidation price level and first target if I am correct. Let’s take a look at the 1h time frame BTCUSDT chart of the WhiteBit exchange. Bitcoin has finished the upward Elliott waves cycle at $17300 where I opened short. This cycle represented wave C of higher degree. Hence I considered that the market is about start new impulsive wave to the downside. Now I suppose that wave 1 have been already ended, wave 2 was represented as the flat correction which hit exactly 0.38 Fibonacci level and dumped to $16700. I think it is the wave 1 inside wave 3. Current bounce is the wave 2 inside wave 3. The most rapid dump is about to start if I am correct. If you have not still executed short trade, I think is is proper time to do it. Stop loss is tight. Potential reward is great. If I will be wrong it means that Bitcoin will break the $17400 local high and I am not so good as I think about myself and will continue studying trading chaos (of course I will continue anyway). Best regards, Ivan
Short
by Skyrexio
15
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
BTC Overbought Distribution & Volume Spread AnalysisThis is an expansion on my previous Wyckoff distributional schematic. On this chart I've highlighted the regression trend, starting at the top of the UTAD and following the waves down to the second LPSY re-distributional consolidation. At the top of the macro trend are overbought areas where the MMs are dropping supply to strangle the army of weak-handed retail longs. If this schematic plays out, this LPSY (#2) should mitigate the PSY point in the last markup before the price drops out of the present trading range and freefalls down to the lower Fibonacci retracements. The VSA reads support distribution as well. Intra-range we saw clear supply predominance, with the systematic shrinking of demand as the TR consolidated. Now, in the regression trend, the volume is again confirming the bearish bias with expanding supply in the pullbacks and diminishing demand in the upthrusts. ** If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how. *Not financial advice. DYOR and trade at your own risk.
COINBASE:BTCUSDShort
by jalapablo
3
Classic BTC Wyckoff Distribution RangeBTC has formed a classic Wyckoff distribution range, and if my hunch is correct, we are currently trending in the final LPSY (last point of supply). This is where retail traders hoping for a moonshot rush into positions only to get smashed by a battery of short positions put in place by Smart Money. We've already seen this happening, with the rally to 17.5 a few days ago, only to retrace back to the 16.8 zone on increased supply. I've been swing trading and analyzing cryptocurrencies for a long time. These Wyckoff schematics are wickedly accurate and rarely deviate off the beaten path, because, ultimately, human beings are controlled by fear and greed in the markets, and until these twin motivating factors are dealt with, price action will create these predictable waves. If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how. *Not financial advice. DYOR and trade at your own risk.
COINBASE:BTCUSDShort
by jalapablo
4
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
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
BTC/USDT Elliott Wave count 4H TFBictoin bullish and bearish scenarios. Bullish scenario: Bitcoin could go up correctively with an extended flat pattern if the formation in the ellipse is a 12 12. The confirmation of this scenario could be if Bictoin breaks above 17500. Also look at the realted idea for the bullish scenario. Bearish scenario: Bitcoin could go down if this correction is a triangle for a wave B, which is not yet completed. The proof of this scenario could be if Bictoin forms this triangle and breaks below 16000, which would also invalidate the bullish scenario. If you like my analysis, give it a like and click subscribe for future counts. Good luck!
COINBASE:BTCUSD
by Cross10XSignals
9