Get started

Bitcoinforecast

Bitcoin mini-bull run > NASDAQ reversalBitcoin just passed a massive 28 week MA with a lot of momentum and NASDAQ is poised to go sideways, tentitively/inevitably passing its 28 week MA Friday. With all the bankruptcies out of the way and the house inviting SBF to an upcoming hearing regarding FTX, welcoming enough positive sentiment to see 21k in the next two weeks. In addition for alt coins, Crypto.com’s CRO is poised to pass it’s 1 day moving average by the end of the week. CRO correlates 91% with Bitcoin.
SKILLING:US100Long
by bkeibn6e3a
2
BTC & ETH - Winter Is Coming 🐺📉Taking a look at the Bitcoin and Ethereum Daily charts. We'll preface this with this; these are solid long term entries if you're not looking for trade setups in the short to mid term. Bitcoin at $16K and ETH at $1.2K in 10 years is likely going to look like a great deal. That being said, we think that we're in for a nice move to the downside in the coming weeks/months. Our latest Bitcoin target is set at $14K, with $10K very possible still. Ethereum we can see dipping down into the 3 digit range with $900 the near term price target. We can definitely see the worst case of the two play out since we are overall bearish given the current macro climate. Crypto unfortunately will not find its "bottom" until we see equities find theirs, that being the SP500 and DJI. Only time will tell if we're being overly bearish. Until then, we will continue to look for solid trade setups in the short term! -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
Bitcoin 30000 ? Bitcoin MARKET UPDATE Bitcoin support levels - 16,500$ 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
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
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point. 📉 SHORT - BTC : $17,210 📉 💵 Length of trade: we are expecting BTC to hit a 225 scalp, with a high end of $325, and a minimum expectation of $150. 🕰️ Duration of trade: we are expecting this to occur within 1.5 hours - 4 hours. Then we see a maximum duration of 14 hours. 📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Short
by VirlVideo
2
How many Crypto Currencies are there?You’d probably think there are around 100, 200 maybe 1,000 crypto currencies. And that’s because the news only covers a handful, but I think you would be surprised at the actual number. Right now, there are over 12,000 different crypto currency coins out there. And they are increasing by 1,000 new crypto currencies every month. The amazing thing is, unlike shares, these coins are very easy to create and regulate - YOURSELF. You can even hire someone from Fiverr to make you a crypto-currency for less than $20. I could even get a MATI Trader coin made if I wanted to. But this isn’t good news in my opinion. You see, most crypto currencies have very little purpose other than making money for their developers through investors buying and selling the coin. So which cryptos do I trade? For me it’s only down to two crypto currencies. Bitcoin and Ethereum. The Father and the mother of the crypto market. They are the biggest, most recognized and understood than any other crypto in circulation. But the crypto winter is not over and the bottoms are not set yet. There still needs to be a lot of fixing and regeneration of confidence before we see any upside with crypto… I’m sitting on my hands right now, until we see a change in the trend.
Education
by Timonrosso
$BTC : First Support , Go for 18K ?By reviewing the Bitcoin in the 4 -hour frame time, we see that the price reacted to the first Institutional support level I specified and prevented the price of more fall , we have to see if this level of $ 16900 could make the price rise up to $ 18180 or whether We have to wait for $ 16500 support! I specified the possible scenarios on the chart! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.04.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
25
BTC Bitcoin - is this the bottom?Today we take a look at the BTC long-term chart compared to the DXY - Dollar Index. Negative correlation The dollar index has a strong negative correlation against the BTC. A negative correlation of -1 means that when DXY makes +1%, BTC makes -1%. In other words, when the dollar rises, the BTC falls and vice versa. Top and Bottom Formations In the chart it is very easy to see when the dollar formed a bottom, BTC formed a top and when the dollar formed a top, BTC found a bottom. Current situation We are currently in a top formation of the dollar and as mentioned several times with BTC, we are also already assuming that BTC is starting to form a bottom. This chart and their history would confirm the bottoming. Further we see also in the lower blue chart the correlation coefficient (+1 to -1). Each time before or during which the bottoms and tops were formed, a positive correlation was found. We can see this right now as well, especially the last 2 weeks BTC was able to build a positive correlation with the Dollar Index. Forecast Even though the long-term indicators are all already bullish and set for a trend change, we are still waiting for now. As in the 2015-2016 BTC bottom, the TOP formation of the dollar took almost 2 years and thus the bottom formation of BTC also took more like 1 year. This could happen this time as well, especially since we expect a strong recession in 2023. Another low to $10,000 to $14,000 is still possible. For all Hodler, it already offers itself to carry out first small long-term entries. We will keep you updated!
INDEX:BTCUSD
by Consyder
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
Bitcoin – my insane swing trade revealed!Hello, everyone! The information from the previous analysis is still actual, locally we can expect for the local pump to $18k. As you know in my local trades I made a lot of mistakes and try to fix it with the new knowledges and practice in Trading Chaos. But in swing trader I am pretty good. As you know I believed in the bear market continuation when the Bitcoin costs $21500. Now I can see that the bear market still has not been ended, but we can use the opportunities which the bear market will give us. Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. I drew the wave Elliott waves structure. Now Bitcoin is printing wave 4 inside wave 3. Maximum target for wave 4 is the $18k (just below wave 1 bottom). I wanna to accumulate short to catch the massive move to the downside because wave 5 inside wave 3 is anticipated. $12k is the target. It’s about 25% decrease in price! $12k is the super safe buy zone. Here I am going to close my swing short and buy BTC with 50% of my deposit. wave 4 which is going to follow after that can easily hit $17k. I am sure that all traders will believe in the new bull market after this move. But all of them is going to be disappointed becuase the wave will turn their mood into depression. That’s what we need to enter the market before the new bull market. Let’s wait! Best regards, Ivan
by Skyrexio
14
Bitcoin – bullish rally will continue!Hello, everyone! In my last Bitcoin analysis I told you that the rally in the corrective wave C have been finished and I opened short at $17100. But I have correctly defined only the wave 5 inside wave 3, but not the wave 5 of the entire Elliott wave cycle. I fixed this mistake and closed short trade because expect another one push to the upside. Let's take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. The point where I have opened short was the wave 3 top and I was lucky to notice that when my position was in small profit to close it. I always make this mistake with the corrective wave 4. Usually I think that it should be shorter in terms of time that it is. The target area of the the wave 4 have been already reached an I decided to open long trade for the potential wave 5. Wave 5 have two possible targets - the minimal one is $17400 and the maximal is $17800. I will observe the market to close this trade in time. The strong confirmation for the end of this rally will be the divergence with Awesome oscillator. Best regards, Ivan
Long
by Skyrexio
11
SELL #BTCUSDT NOW HONNESTLY!!BINANCE:BTCUSDT Firstly, to understand this sell idea I want you to go check all my previous ideas of BITCOIN I've never failed and cheers to those who agreed and tombs up on my post ,i appreciate you all. now this is a follow up on my previous recent bitcoin post in these ideas we are only taking sell if it breaks the confirmation line reason, i do not expect bitcoin to go more further up after it already sweep out previous high liquidity. if we see a high direction, it's a trap to bring in more buyer to get them liquidated', i do not have a target but im expecting bitcoin to go lower than ever before. at least take out all weekly lows. kindly let me know your thoughts in the comment session. Bye cheers to everyone.
by REIMCLUEFX
2
Bitcoin trade idea - 4H Ichimoku levels When prices go up, look for shorts. Here we trade 4H Ichimoku levels. Bitcoin price hit an important level on the 4H Ichimoku cloud ($17,209). On November 30th we wicked above the level, only to come back for a higher high on December 1st. However, on the daily and 1H chart, the increase in price lacks conviction. Price action looks rather corrective up until now. This could potentially mean that we've just made a new swing high and are going to reverse for a new swing low. What levels does Ichimoku give us for a potential long entry, when prices go down? Below $16,659 we're trading below the base of the green Ichimoku cloud , which gives a higher probability for lower prices to be tested. In such a correction we might expect a reaction around the $16,360 mark. However, any price movements to the upside from that level are probably corrective, and lower lows are to be expected. For support we look at the 4H Ichimoku levels formed end of 2020. These levels are all below the previous two lows, formed on November 9 and 21. Breaking these lows will make a lot of traders extremely bearish . However, this is not a favorable position to short (on the break itself), as prices are trading on support. There's a higher probability of buyers stepping in on these levels, absorbing selling pressure. In that case a 'D' might be formed, rather than another impulsive move to the downside. Without the impulse to the downside, short traders will soon find themselves in an uncomfortable position. Stops from short positions will give buying pressure, leading up to the 'E' wave to be formed. Remember, set your alert and trade the reaction. Happy trading!
BYBIT:BTCUSD.PShort
by FR_Ambrosius
2
Bitcoin weekly chart analysis with possible bottom anticipationHello all, As demonstrated in the chart i believe the bottom is yet to come and best support would be 6500-7700 demand zone. But this might take a year or so. I believe from now on the best possible strategy to gain and catch the next Bitcoin bull cycle is DCA ( Dollar Cost Average ). I am recommending DCA because "buying the dip" is a relative term and no one can foresee a certain dip, so lets manage the risk accordingly and split up our buying orders on BTCUSDT in several chunks to get an average on the dipped price !
by Arzesh
1