Get started

Bitcoinforecast

Bitcoin Bitcoin, Btcusdt MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support (it means buyers available at this position ) Bitcoin resistance - $21,600$ and $22,000 strong resistance (it means sellers available at this position you can sell from here) Market depends upon Bitcoin & we updated you about Bitcoin. Trade with risk management accordingly to this plan. ——————————————————————— Analysis - BTC closed its daily candle green at $21,148. BTC Support is at $21,000 with the next support at $20,850. Resistance is at $21,600 and $22,000. BTC was able to break out $20,800 resistance with high buying volume. Looking at 4-hour timeframe, Recent two volume bar indicates decreasing volume. Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC dominance is at 38.5% and total crypto marketcap is at $1.06 trillion.
Long
by Waqar212
Bitcoin monthly delta volume divergence is the largest everThe total volume for bitcoin this month on binance BTC/USDT is the largest on record. If we look to cumulative delta volume, we can see the insanely large divergence going into the monthly close. This suggests buyers are stepping in and absorbing a lot of selling volume. Not only that, the CVD has pushed back up above the 20MA. Times of divergence in CVD suggest a change in momentum. The higher the timeframe, the more significant. You can see a similar event on the COVID 1M candle in March '20 where the candle was bearish but delta volume showed buyers soaking up the sell volume. This is an important time for bitcoin and crypto. Currency and bond markets in turmoil, major companies are facing slowing growth, employment etc and the macroeconomic outlook looks bleak. If bitcoin is to show its value, its here, otherwise... run. NB: There are inherent "issues" with CVD that one should understand when interpreting it. The official tradingview CVD indicator gives a great summary about this.
Long
by limetoast
Bitcoin BTC: 1M Chart Review Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The Bitcoin price has broken out of the Descending Wedge Pattern. Using Fibonacci Retracement tool, there is a possibility for the price to get close to $25K. The one major concern is the RSI is below a major Support and Resistance line so I am not confident that the price will reach $25K. If price moves below $18.2K, there is a strong chance the price will head much lower ($14K-$10K range). If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
BITSTAMP:BTCUSD
by MillionaireEconomics
4
Bitcoin and what to look for.A break and close above the top line has a good chance to lead to parabolic rally to 150k. A break and close of the bottom line (Specifically bellow 29k) could lead to a a 19k to 14k correction. As of right now Bitcoin the macd turning up and we are waiting for a cross up on it to make it official. The Stochastic has a buy signal with momentum up. On the RSI we have a very interesting hidden bullish divergence that has formed. This signal carries to the two week and the monthly as well. You now where to buy and where to sell. This is not financial advice.
BNC:BLX
by WeAreSat0shi
Bitcoin Bitcoin MARKET UPDATE Bitcoin support levels - 20800$ and 20500$ strong Support Bitcoin resistance - 21900$ and 21300$ strong resistance Trade with risk management because market depends upon Bitcoin movement and we updated you about Bitcoin now your choice how you can trade your choice. ——————————————————————— Analysis - Bitcoin broke the 20800$ level of resistance with good volume, but it was rejected at the 21300$ level. Currently, bitcoin is trading at roughly 20800$. The probability of an upward movement will increase if bitcoin closes above $20,800 on a daily chart, but since it is the weekend and there will be very little trading activity, the market will be quite volatile. Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $1.04T, a 3.32% increase over the last day. The total crypto market volume over the last 24 hours is $102.62B, which makes a 5.77% decrease. The total volume in DeFi is currently $7.23B, 7.04% of the total crypto market 24-hour volume. The volume of all stable coins is now $93.28B, which is 90.90% of the total crypto market 24-hour volume. Bitcoin dominance is currently 38.39%, a decrease of 0.23% over the day.
by Waqar212
Adam and Eve on the BITCOIN chart. Start of rise of cryptomarketToday we will consider many interesting aspects: - BTCUSDT price behavior - price behavior of altcoins - actions and decisions of The FED - total capitalization of the crypto market What are the prospects in the future in our opinion for all of the above? Let's try to figure it out! Let's start with the fact that we described in detail the possible options for the BTCUSD price movement in our previous ideas, in particular here: Please re-read it to better understand what we will write about next We assumed that altcoins will start to come to life when the BTCUSDT price starts to move from the first liquidity zone of $20300-20600 to the next one around $23000-23400 . But as we all can see and feel on our deposits, in the last 2-3 days altcoins began to "shoot up" perfectly. Some "heavy" altcoins rise +10-30%, and there were "unicums", the value of which increased by +50-300%. So far, strong "shoot up" were made by cryptocurrencies with low capitalization, which before that only fell and were not interesting to anyone. The pumping of such coins can be organized for relatively ridiculous money. The bottom line is that globally, nothing has changed in the crypto market, but a note of positivity has appeared in the minds of many participants. Positive closing of the October candle and the first important target of $23,000-23,400 In general, October closed with an increase in the BTCUSDT price, which consolidated the status of the "greenest month" in the cryptocurrency market, if you look at the history since 2013. Also, if you look at the chart above, you will see that November and December have quite good chances to become "green" months. Now the Bitcoin price is trying to gain a foothold above the liquidity zone of $20300-20600 , so that during the next week it can move further to the next liquidity and critical zone around $23000-23400 . It is very likely that altcoins will follow the main cryptocurrency upwards. Fed rate hike, inflation, and the reaction of the cryptocurrency market 02.11 during The Fed meeting (FOMC) raised the rate by the projected +0.75%. Thus, during the announcement of information, and Mr. Powell's answers to questions, there was increased volatility in the market, but the market is not falling, but growing. This can be explained by several of our guesses: - the market has already "digested" the information that the rate will be raised by +0.75% and was psychologically ready for it. If it had been raised by +1%, that is, above the forecast, there is no doubt that the market would have fallen. - There were also talks about buying gold as a protective asset. By the way, more than a year ago, we made an idea where we described how the XAU price behaved during crises in world history. And now, we have already waited that the XAUUSD price fell into the buying zone. Is it possible to wait out the global crisis in cryptocurrency and is it safe? The crisis is high inflation - it is the depreciation of your monetary assets. Inflation in the US is about 8%, in Europe +/- 10%, and in economically weaker countries it is much, much higher. At such times, ordinary people suffer. Raising the federal funds rate aims to reduce inflation, but is it worth sitting and waiting for someone to solve the situation at the global level? There is a less popular and more risky option to protect your savings from being "eaten" by inflation - it is an investment in projects that can potentially bring more %% than "eaten" inflation in the economy. Large funds operate according to the "classical" scheme: "dump" risky assets - stocks, etc. index SP500 - falls, and buy, for example, gold. Capitalization of assets as of November 2022: - SP500 - $32 trillion - Gold - $11 trillion - Silver - $1 trillion - Cryptocurrencies - $1 trillion And now imagine the following: in addition to large funds, state regulators of large world economies also buy protective assets. Their "buy powers" are measured not in billions, but in trillions of dollars. At an adequate price, "protective assets" may not be enough for everyone. If we take into account the fact that states cannot yet buy cryptocurrencies, because this is a conditionally unregulated market by the states themselves, then companies can afford it. There have already been precedents in previous years: Tesla, MicroStrategy, etc.. Analysis of the cryptocurrency market capitalization Let's try to project what can happen to the total capitalization of cryptocurrencies if the "Big money" buys a "little bit" of high-risk assets - cryptocurrencies to at least partially cover the losses from high inflation. Now the behavior and pricing of the total capitalization of cryptocurrencies are very similar to the situation in late 2018 - early 2019. The difference is that 4 years ago the capitalization was +/- $100 billion, and now it is 10 times more - $1 trillion According to this fractal, by the beginning of summer 2023, the capitalization of the crypto market may reach $3.3 trillion, which is only 10% higher than the recorded maximum of the end of 2021. But, if you look at the chart of this idea, then according to the white fractal in mid-May 2023, the BTC price can be $44 thousand, and at the end of 2021, the Bitcoin price at the maximum was $69 thousand. It turns out that the price gap is +50% and altcoins will have to fill it with their crazy price growth and, accordingly, the total capitalization. This assumption fits well into the concept of the alt-season, which we depicted on the chart of this idea. _____________________ Did you likeour analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
34
Bitcoin Bitcoin MARKET UPDATE Bitcoin support levels - 20500$ and 20000$ strong Support Bitcoin resistance - $20700 and 21000$ strong resistance Market depends upon Bitcoin movement so trade with risk management I updated you about Bitcoin next movement. ——————————————————————— Analysis - BTC Support is at 20500$ and 20000$ Resistance is at $20700 and $21000 Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, Volume is good and BTC Price above EMA 10 20 50 100 200 Currently RSI is at 68.26 BTC dominance is at 40.23 and Total Crypto Marketcap is at 1.03T
by Waqar212
3
Weekly Analyze of the Crypto Investing in November, 2022Date: Oct 31,2022-Nov 04,2022 This week, the crypto market has been differentiated. After a wave of rebounds, the mainstream coins entered a stage of decline and adjustment this week. On the contrary, some hot coins showed a good increase in rotation. BTC closed out the effective physical K line last week, got rid of the previous consecutive doji disk, and the market started. The daily line fell, finishing in the range of 20000–21000. At present, from the perspective of the Fibonacci retracement range and the K-line pattern, it is inclined to trend retracement. The upward trend remains unchanged. The support range is 19600–19800, and the resistance range is 21500–22000. The weekly line of ETH breaks the high point connection and suppresses it. If it breaks above the wave high point of 1780, it will officially start the weekly upward trend. The daily line maintains an upward rhythm, and MA120 has turned its head upwards. The market is expected to rely on its volatility to move higher. The support range is 1450–1480, and the resistance range is 1720–1780. Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market. (All for reference only, plz invest rationally)
by VtradingGlobal