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Bitcoinforecast

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
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% BTC, 40% Cash. * SUNDAY SCARIES WATCH . Cryptos are relatively flat with a bit of upside as we get halfway through the weekend. With no really important economic data or events happening until CPI on 12/13 and the last FFR hike on 12/14, we could see a nice little run in Equities and Cryptos this upcoming week. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently forming a Bull Flag pattern after breaking the previous Ascending Triangle pattern as it trends sideways with a downward tilt at $16974. Volume has been shrinking and alternating between buyer and seller dominance for the previous five sessions, this is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $17180, this margin is bullish. RSI is currently trending up at 48 after forming a soft trough at 46, the next resistance is the upper trendline of the descending channel from January 2021 at ~58. Stochastic remains bearish and is currently trending up slightly at 88 as it attempts to form a bullish crossover at 92, it's barely clinging on to the 'bullish autobahn zone' (above 90). MACD remains bullish and is currently testing -232 minor resistance. ADX is currently trending down at 37 as Price is trending sideways, this is neutral at the moment. If Price is able to push up from here then it will likely test the 50MA at ~$18300 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (two consecutive closes below) $16600.
COINBASE:BTCUSD
by dailytaguy
Bitcoin - Elliott wave count to the bottomIn this 4-hour chart I consider the Elliott Wave count and what this might mean for the current posture and ultimate low. I also point out a prior line of resistance is as yet unconfirmed support and the break above the neckline hasn't manifested in bullish confidence or volumes. In doing so I feel I might have answered the question I posed in the last post, identifying that the iH&S reversal pattern is more likely a fake-out than a break-out. What do you think? Are we now entering a final wave 5 of the impulse lower, or is my count wrong, support lined don't need confirmation, volume on bullish indicators is insignificant, and BTC is now unstoppable?
Short
by Crypto-Swing
1
The fearless minds of strong men!Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high. Through virtue and passing knowledge to one another while working together the steps to greatness have been achieved over time. In our modern world many things have changed but our senses remain the same. Fear still has the same effect on us, it makes us do irrational things. Decisions made under emotional distress has always led to the same results through out eternity. Another quality these men had was to go where others had not or dared not. Once again fear, fear of the unknown. Travelling the path less travelled. If the path is less travelled than by default there is more new things or ideas to discover. Having said all of this about conquering your fear and being bold, another thing all these great men had in common was preparation, organization and contingency plans with alternate strategies. Preparation and plans are tools to control your fears and emotions. This brings us to to Aristotle. Arguable one the greatest teachers of all time. He said "We are what we repeatedly do. Excellence, then, is not an act, but a habit." So... making small gains in investing is the longer march to victory. He also said "those who know, do. Those who understand teach." Aristotle taught Alexander on a face to face basis for approximately 7 years. Alexander then went out to find his destiny saying, "There is nothing impossible to him who will try." On to Julius Caesar and his famed glory, he always looked to match Alexander. Some of His famous quotes are "Without training, they lacked knowledge, without knowledge, they lacked confidence, without confidence, the lacked victory." Once again, preparation... with that preparation he was then led to say another famous quote, "I came, I saw, I conquered." Trading view understands this as well and they have the same outlook. "Look, then leap." This a climbing the mountain outlook. At the end of the day it's the same thing. Investing is very similar to preparing for battle or for a difficult climb. Investors are both your allies and enemies just like the terrain on a climb or the battle field . It's up to you to figure out and know when to push and when to retreat. Looking back at history can be insightful to say the least. When we look at charts we are looking at what has past before and look for the similar patterns. This too is not new knowledge (history repeating) it's age old information but a lot of people today are blind to it. King Salomon quote in ecclesiastic eludes to just this. "What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun." History is cyclical it always comes back around in some form or another. Another great quote from Salomon is " words kill, words give life, they're either poison or fruit... You choose." I have added the CM_Williams_VIX to the chart. On the monthly it has done some interesting patterns in the past, take a look. So... Choose your destiny, it's up to you. What ever road you choose... be blessed, if not one way, another, and always make the best of what comes your way. Thanks for looking WeAreSat0shi Stay Blessed!
BNC:BLXEducation
by WeAreSat0shi
1