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Bitcoinforecast

Bitcoin – triangle correction has been completedHello, everyone! Last several days the Bitcoin is staying at the same place and I can see the contradictory in the analysis from the influencing traders. As usual after such huge crash a lot of bulls have been activated talking about the bottom at $15600. Wave theory and trading chaos tell us that it is not true. Total disappointment is about to happen next couple of months, but today let’s consider the current triangle correction in details. I want to remind you that after impulsive downside wave 3 the market started it’s corretive wave 4. I have already assumed zigzag, flat correction, but last time I finally concluded that we faced with the triangle corretion ABCDE. Look at the chart how these waves are divided into zigzags abc. As I can see the last wave E have been already finished and now the market started the wave 5. I expect the dump to at least $15k at the new weekly candle open. Best regards, Ivan
Short
by Skyrexio
22
Bitcoin Going To Hit 149k Bitcoin MARKET UPDATE Bitcoin support levels - 16500$ and 16000$ strong Support (Buyers position ) Bitcoin resistance - 17000$ and 17500$ strong resistance (Sellers position ) Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $832.23B, a 0.03% decrease over the last day. The total crypto market volume over the last 24 hours is $35.28B, which makes a 28.37% decrease. The total volume in DeFi is currently $2.03B, 5.75% of the total crypto market 24-hour volume. The volume of all stable coins is now $32.35B, which is 91.69% of the total crypto market 24-hour volume. Bitcoin dominance is currently 38.48%, an increase of 0.03% over the day. ——————————————————————— Analysis - BTC Support is at 16500$ and 16000$ Resistance is at 17000$ and 17500$ Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, currently Volume is low and BTC Price below EMA 50 100 200 Currently RSI is at 49.71 BTC dominance is at 40.58 and Total Crypto Marketcap is at 830.9Billion
Long
by Waqar212
7
bitcoin bottom and false fairytales This is my last public publishing of an ending to this bear market. IF it seriously breaks below 13.5k, we go to 9k eventually. Time is price and price is the time. There is an equation for that if you know it. IF on or about December 18th we touch 14K and it bounces, I wonder what the news will be like. Something devestating and catastrophic. Something written by Nostradamus I suppose. However. It also means the market changes direction for a considerable time.
BYBIT:BTCUSD.P
by CryptoWhether
BTC/USDT 1 Day Chart Possible Wedge Bullrun Top Projections Man its good to be back and wanted to start out with an idea explaining what I see as the movements we can expect from now till the top of the impending bullrun. Bitcoin is nearing its bottom at roughly 10,600 and once there we will be done with the falling and it will be time to start moving up. We got a lot of economic volatility that could cause disruption in the crypto markets, but it is my thoughts that this is all natural movement for the most part. So after our consolidation at the bottom we should see a pretty spectacular altseason as there is a ton of money waiting on the sidelines to buy in. Lets face it every price in the market now is an amazing deal. So on this leg of the bullrun I have measured it to go to approx 105k with a good chance of the mainstream jumping due to hype that it could exceed that. As always hype negates TA and the hype of bitcoin going to 100k is going to be insane. If you agree throw me a like and follow me for more ideas and concepts that keep you in the gains. - Much love to my supporters - ND
Short
by The_New_Disciple
13
Bitcoin Going To Hit 100k Bitcoin MARKET UPDATE BY TEAM TENUP 1: Bitcoin support levels - $16300 and $15,600 strong Support (is Ka Matlab yahan buyers hain). 2: Bitcoin resistance - $17200 and $18,000 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin). ——————————————————————— Analysis - BTC Support is at $16,300 and strong support is at $15,600. Resistance is at $17,200 and $18,000. BTC closed its daily candle green at $16,700. Trade carefully and manage your risk according to mentioned support and resistance levels. According to 1 hour chart, 100 EMA is acting as resistance and last three volume bars indicate low volume. Total crypto marketcap is at $832 billion and BTC dominance is at 38.5%. During weekends trading volume will be less due to global financial markets being closed.
Long
by Waqar212
2
$APENFT looking bullish?Yeah I know that sounds silly with all the red candles but if you look at the MACD we have a higher second green dot. And with Bitcoin coming to the end of a triangle pinch point and already riding on the support side and still becoming more and more bullish. I'm just trying to keep up with it as it goes because there is only so much time left before there is a move either way. And the MACD is perfect for zeroing in on the time. I'm about to do another post for Bitcoin so check that out too if you like. Good luck 👍
by EliteSignals
1
BTC/USDT - Is History Repeating? 📉🔮Taking a look at 2 charts on this one. The left being right now, and the right being end of May into June when crypto took a significant nosedive.📉 We can see that the two charts are eerily similar. We've experience a double top at the 16800-17100 resistance. The last time we had a double top at a significant resistance level, we had a drastic drop to the downside. Now, does today's price action guarantee we'll see another leg down? No. However, given the current macro situation, Bitcoin's weakness as equities pumped last week, and the lack of trust & credibility for the industry after the FTX collapse...it sure seems likely.🥶 Like we've stated in previous posts, we're leaning towards another leg down and a push towards $10K. If we get there, we'll look to scoop up BTC, ETH, and other strong alts for longer term HODLing. We shall see. -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
3
Bitcoin Analyze (Bearish 🏁Flag🏁Patterns Festival & Events)!!!In this article, I tried to make a connection between the classic technical analysis patterns and the fundamental news that we see in the market. First, I must say that in these few months that Bitcoin has been in a downward trend, the Bearish Flag Pattern has worked well. It should be noted that each of the Bearish Flag Patterns required a trigger, and Fundamental News activated these triggers. In the first flag (blue), Project Luna activated the pattern. In the second flag (sky blue), the bankruptcy of 3AC caused Bitcoin to fall. Currently, Bitcoin has formed a bearish flag pattern (orange), and I expect this pattern to be activated during the Mt.Gox Bitcoins release event. It is interesting to know that each of these flags has caused a 45% drop in Bitcoin, and if the current bearish flag is activated, Bitcoin may drop to $13,850. Another thing that can be said is that the previous big correction lasted about 2 months, and in the current correction, the price returned from the upper line of the current bearish flag pattern after 2 months(Is it a sign of the next drop?). Let's get to know this fundamental news a little. 🔴What is Happening to Luna crypto❗️❓ The token which was formerly known as Terra Luna $LUNA is now known as Terra Luna Classic $LUNC. The asset is now famous for the crypto crash that occurred in May of 2022: the token which sold as high as $80 per $LUNA is now currently $0.0001074 per $LUNC on CoinMarketCap as of the 20th of July 2022. 🔴Why did 3AC collapse❗️❓ 3AC filed for bankruptcy last month, bringing down crypto broker Voyager Digital along with it. Crypto billionaire and the founder of the FTX exchange, Sam Bankman-Fried, blames 3AC for triggering a ripple effect that caused crypto companies to file for bankruptcy or freeze transactions. 🔴What happened to the Mt. Gox bitcoin❗️❓ Gox lost 850,000 BTC in a hack, a creditor dump could conceivably be worse. That said, Mt. Gox wasn't able to get back the stolen Bitcoins, so the trustee is not actually paying out 850,000 BTC to creditors. In July 2022, the Mt. Gox trustee posted an update that the trustee is “preparing to make repayments” in “accordance with the approved rehabilitation plan.” The trustee currently holds approximately 140,000 BTC, BCH and U.S.$500,000. Creditors who previously filed claims can elect to receive 90% of what they are owed via an Early Lum-Sum Repayment (which could be somewhere between 15%-25% of what they actually held on the exchange) and also choose which assets would like to be paid back in BTC and/or BCH or cash. No date is set for repayments to start, though the document did state that the “Setting of Assignment, etc. Restriction Reference Period” may start from the end of August in 2022. This period would prevent the assignment or transfer of claims “for safe and secure Repayments.” This August date could indicate that repayments could start in September, but technically the two dates are unrelated. Bitcoin Analyze ( BTCUSDT ) Daily Timeframe ⏰ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
Bitcoin Intrady TechnicalsThere was no change in the price action of Bitcoin since yesterday. Bitcoin's daily candle closed as a doji and it is trading as a doji today. In the intraday chart, BTCUSD continued to test $16,929 and, above it, Bitcoin will move towards $17,688. As long as it remain below $16,929, we will see more choppy price action. Today I follow the below scenarios. Scenario 1. A strong closure above $17,688 will make Bitcoin more bullish, but it will remain choppy towards $18,981. Scenario 2. A re-test and rejection of $17,688 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 3. A strong closure below $15,678 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 4. A rejection of $13,447-14,403 with a strong price action will push Bitcoin up towards $17,688 and higher.
BINANCE:BTCUSD
by Trade-Lean
The Bitcoin Experiment!First off I want to say, don't take this as gospel. This is a chart to follow bitcoin and plot it's path using math and it's trend patterns to date. The time sequences from a factor of 1.4, 1.5 and 1.6 are what the math shows me 1.4 Multiple being the trend from establishment (support) to trend end 1.44 Multiple is the breakthrough to the trend end 1.5 Multiple is the breakthrough to peak (Shaded area) You follow chart this until it's voided 1.6 Multiple is from peak to peak (Long Green arrow) This math is using the second peak in November 2021 1.3 is the multiple using the first peak in April 2021 (shorter green line), which puts the second parabola and final top of the trend in July of 2031. History might not repeat exactly but it does seem to follow the patterns fairly closely. Using math sequences we might be able to figure out approximate moves fairly closely. For this chart to have present or very near timeline validity, the next few bars should push up against the blue line as resistance just as it did on the red line in 2014. So, Let's wait and see into December to see what happens. The blue and red regression trend shows a similar pattern with three waves down until the final plunge of the trend line break through. If accurate, this chart can help you navigate through the Bitcoin timeline, as it can help you see what stage it is in, or at least to get a better grasp of the moves. Please feel free to comment your thoughts below Thank you for looking WeAreSatoshi Stay Blessed!
BNC:BLX
by WeAreSat0shi
6
Possible Bitcoin Cup and Handle PatternI have felt for a while that the bear market low would be much lower than the June 18th low. The previous two bear market lows were both down approximately 85% from their peaks. A similar percentage drop for this bear market would lower the price of Bitcoin to between $10k and $11k. I'm not convinced the price will go that low, but I could see a bottom around $15k. But, I have also been impressed with the resilience of Bitcoin in the face of all the macro issues facing the markets. Because Bitcoin has been highly correlated with the stock market, I believe all of the macro issues facing the stock market will also affect Bitcoin's performance. I believe that will determine if the price of Bitcoin goes higher or lower from here. I always try to keep an open mind, and as such, I have to entertain the possibility that the June 18th low could be the bear market low. Looking at the daily time frame, Bitcoin is forming a nice cup pattern. Is it possible this ultimately forms a Cup and Handle pattern? Because Cup and Handle patterns are typically continuation patterns, if it plays out, this could lead to Bitcoin pushing back up into the $25k to $30K level. I am in no way an expert in technical analysis, so I would appreciate any feedback. Am I way off in my analysis? In some ways, I hope the June 18th low is the bear market bottom. In other ways, I wouldn't mind if Bitcoin dropped to $15k or lower because that would mean even cheaper prices, and I am still accumulating positions for the next bull market. My view is that the next bull market is still a long way off, probably later in 2024, so there will be plenty of time to fill positions. Again, this is just my opinion, and I could be way off.
FTX:BTCPERPLong
by Bigsky_Crypto
2
Possible Bitcoin price movement for the nearest weekToday we will consider possible movements of the BTCUSDT price for the nearest trading week. If you are interested our global look side possible Bitcoin price movements for years on the weekly time frame, we invite you here: We believe that in the near future, there will be a strong momentum to the upside. Why can the price up move stronger than down? Because in addition to standard purchases, short positions closing orders will be added to long-limit orders. And usually, closing shorts are purchases by orders at the closest market price. If the BTCUSD price breaks out of the triangle upwards and consolidates above $16700-16800, it may activate the first wave of growth to $17600. The target for the growth wave in the coming week is in the region of $19800-20000. Also, before the start of growth, it can be possible to "break out" the stops of longs, because it is easier to grow without "extra passengers". The critical level is $16000 Therefore, we publish this idea in the 4-hour timeframe to make it convenient to track which of the scenarios the BTC price is moving in order to quickly make trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
23
Bitcoin Bear Flag Concern!Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like it is about to break out of the triangle very soon. Looking at the movement of price in the past few months, there is a stronger possibility for the price to head lower out of the triangle forming a bear flag pattern. The measured move target is shown in the chart at around $11K range. To support the analysis, I have included the Keltner Channels, Ichimoku Cloud, RSI, and Stochastic RSI. 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
5
Bitcoin Triangle 50%/50% or NOT?Entry point: After the price closes outside of the pattern Intersection: Candles completely fill the channel of the figure without empty space Touches: The price touches the resistance and support lines, at least two times each Confirmation: The pattern is confirmed when the price closes outside one of the trendlines Breakout chance: 55% - Upward/45% - Downward Support/Resistance: After the price closes outside the pattern, the support or resistance line may become a mirror level Important NOTE! The status of the market inclines us toward a bearish scenario. Remember, a bear market often shows us false breakdowns.
by Gor_Union
2