MICRO BITCOIN FUTURES (MBT1!), H4 Potential for bullish riseType : Bullish Rise
Resistance : 24310
Pivot: 22535
Support : 20730
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22535 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are to the 1st resistance at 24310 where the swing high resistance and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 20730 where the swing low support and 100% fibonacci projection are.
Fundamentals: Due to the looming recession amid tightening monetary policy globally, we have a bearish view on the Bitcoin. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
Bitcoinfutures
MICRO BITCOIN FUTURES (MBT1!), H4 potential for bullish riseType : Bullish Rise
Resistance : 25360
Pivot: 22500
Support : 20750
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22500 where the pullback support is to the intermediate resistance at 24275 in line with swing high resistance and 61.8% fibonacci projection. Once there is upside confirmation of price breaking intermediate resistance, we would expect bullish momentum to carry price to 1st resistance at 25360 where the pullback resistance, 50% fibonacci retracement, 127.2% fibonacci extension and 78.6% fibonacci projection.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 20750 where the swing low support, 61.8% fibonacci retracement and 100% fibonacci projection are.
Fundamentals: Due to the announcement by the Federal Reserve that it was raising interest rates by 0.75 percentage points, we have a bullish view on Bitcoin.
MICRO BITCOIN FUTURES (MBT1!), H4 potential for bullish riseType : Bullish Rise
Resistance : 25375
Pivot: 22500
Support : 18880
Preferred Case: On the H4, with prices moving above the ichimoku cloud, we have a bullish bias that price will rise to the pivot at 22500 in line with the swing high resistance and 100% fibonacci projection. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 25375 where the pullback resistance, 50% fibonacci retracement and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 18880 in line with the swing low support.
Fundamentals: No Major News
MICRO BITCOIN FUTURES (MBT1!), H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 21175
Pivot: 20650
Support : 20135
Preferred Case: On the H4, with price moving above the ichimoku cloud and within the ascending channel, we have a bullish bias that price will rise to the pivot at 20650 in line with the swing high resistance and 61.8% fibonacci projection . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the 1st resistance at 21175 where the swing high resistance, 100% fibonacci projection and -27.2% fibonacci expansion are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 20135 in line with the swing low support, 61.8% fibonacci projection and 61.8% fibonacci retracement.
Fundamentals: The on-chain activity dropped by 13 per cent in early July from November's highs - levels last seen in the bear phases of 2018 and 2019, when Bitcoin was worth less than US$10,000, giving us a bearish view on bitcoin.
BTC forecast - Are buyers secretly increasing their position?After the recent powerful momentum of the fall, the cryptocurrency market has moved into a phase of consolidation. This is a terrible time for newcomers. This is the time when those who didn't make it during the fall lose money.
What is the problem? The lack of a dominant side and poor technical analysis. When there is no clearly defined trend and trading volumes are very small, the market becomes as manipulative as possible . And it means that patterns can be drawn on the chart, which will not actually work out.
The main task of the big player at this stage is to lure the market participants into wrong positions. Precisely the wrong positions will allow to organize a strong wave of price movement.
In such cases, we try to trade the market according to our vision. In this trading situation, we are waiting for a false breakdown of the trend line, after which the trading volume should increase. If our forecast is correct - the price should rather quickly jump out of the $29.100 range.
If it does not, it is better to close the position and wait for a deeper drop in the $28,000 range.
A clear trade to trade today, May 18, can be seen on the chart.
Bitcoin / USDT Long Idea & AnalysisBased on the current chart & time frame, I have marked the chart with graphical represented reasons.
All the marking on chart is based on Order Flow analysis.
I have marked Imbalance area where buyers (Demand) are stepping in.
I have marked area where sellers (Supply) is Decreasing. (sellers are being exhaust)
Based on Effort & Result Theory, I have marked the up waves where buyers a moving the market with very less effort but vice versa sellers are putting more effort
than buyers & are getting no or less results.
According to the above mentioned analysis, My Idea is that price of BTC USDT pair can move up, toward the marked area.
(Its not a financial advice or trading signal, its just my analysis based on my strategy)
💙💛 Bitcoin preparation for $30,000. March-April expectations.Hey guys! Its been long time since last update for tradingview:) If you like this chart, please use Like button 💙💛
In this hard time, all Ukrainians fighting for our freedom and peace🙏
Bitcoin price reached $45,000 price in early February. I have expected this move upside from $33,000 since December 2021 — here is the proof:
Now we are working in sideways trend, which is pretty slow, but wide range $44,000 - $35,000
Now we need to verify this structure by hitting (D) and (E) sides of triangle.
Target might be near $30,000 or even lower.
Consider to use low risk p osition sizes in current market environment, it may safe your investment. Don't trade against short-mid-term trend, especially with leverage.
Stay safe guys, and pray for peace in Ukraine
Bitcoin - A third wave rally is underway.Bottom Line: A third wave rally is underway.
The rise from 41141.39 isn't yet in five waves, which we want to see form to reduce the risk of yet another fake low. The surge through the end of wave ((1)) favors that wave 3 is underway. It will travel 1.618x wave ((1)) at 48851.27.
(( )) denotes a circled number or letter
Disclaimer : Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. The analysis information is for reference only and does not constitute an investment recommendation. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Possible Inverse Head and Shoulders on the Corn - BitcoinProbably a bit of hopium here, considering the solid rejections at 42500 K on Bitcoin. Bulls have to keep at least on the topside of the bottom of the larger time frame bear flag in play (zoom out ironically). Upside target 43400-ish. Looking doubtful tho. For the record, I have a small long, but am pretty keen on pulling it should price move decently below current levels.
Support lines work from last major rally between $30k to $70kThe price of bitcoin is strong near two support zones of $42,000 and $40,000. The price of bitcoin fell below $44,000 shortly after the Federal Reserve’s December FOMC meeting notes re-confirmed efforts to regulate the balance sheet. If the price does not break back over $46,000, the market may be in for a prolonged bear market. BTC may retrace to the low $30,000 region. The Securities and Exchange Commission (SEC) of the United States postponed its decision on NYDIG’s spot bitcoin exchange-traded fund by 60 days on Tuesday (ETF). The delay led to a negative sentiment in the crypto markets, with several tokens experiencing a quick sell-off following the announcement. This could be a fake sell off to push the price lower so that a good buying opportunity pushes us to higher highs.
BKKT at All Time Low ! Buy Opportunity ???Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Bakkt has announced a separate deal with Fiserv .
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
52 Week Range 6.13 - 50.80
BKKT`s Market Cap is 353.847Mil, lower than some of the most obscure crypto exchanges utility tokens.
And when you think Bakkt is owned by ICE, Intercontinental Exchange, the company who owns the New York Stock Exchange!
How high can this stock skyrocket from here?
BKKT bullish reversal Price TargetsIf you haven`t bought the all time low here:
Then you should know that BKKT is already close to the fist price target.
BAKKT is owned by ICE, Intercontinental Exchange, the company that owns the New York Stock Exchange!
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
Bakkt also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction”
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My short term price targets are: 11.60, 16.80 and even 27.60usd.
It might sound exaggerated, but my price target for late 2022 is 80usd.
Looking forward to read your opinion about it.
BTC CME FUTURES FALLING WEDGE PLAYING OUT!!!Bitcoin has had a beautiful breakout to the upside of this falling wedge i was talking about last time, previously we saw 2 other falling wedges with the exact same setup as we currently have, a breakout to the upside of these wedges lead to some serious price action of about 60% gains. Due to the market correcting pretty heavily over the past month i expect this falling wedge to play out the same as the previous ones, could be a little conservative on this price predicition but i think the 80K mark is very doable by the end of this pattern playing out. a big confirmation that we need is a push up and above the midline on the bollinger bands with a daily close above, aswell as a daily close above of this wedge but thats looking like its going to happen today regardless. Looking at our last run up we saw a big climb up the top band on the BB's and thats exactly what im thinking is going to happen once we move further up, a break of the midline opens the door for that climb up! A look at our wavetrend we have bottomed out in the buy zone and check out the last time we had a bottom out at this level, right before we had the first run up from the falling wedge the wavetrend bottomed out and we haven't seen that since until now! We are getting a nice curved reversal and keep and mind that this indicator makes smooth transitions rather than jagged reversals and judging just off the recent bottom we had and the beautiful reversal we are currently seeing i think we are due for a masssive run to the upside! Not financial advice just my opinion!
🚀 Mind The GapThe market always fills the gaps.
Gaps are not common in the crypto market. But, as Bitcoin gain mainstream adoption and more investment vehicles get listed on traditional financial markets, these elements can play a relevant role in how its price moves. Gaps signal strong price reversals and point at suitable price levels that traders can use as support and resistance.
The chart shows the Bitcoin future price as it traded on the CME. The gap around $60,000 in April marked the local price top. The price retested immediately the same level after, and when it failed to break out, the trend lost steam and reversed.
The same is happening these days, the other way around. After breaking above, pushing Bitcoin to a new all-time high, the price pulled back to retest the buyers' confidence. Should the price hold, the road to $100,000 will be smoother.
Be patient. The chart also includes the other three relevant gaps in the market. Keep them in mind as guidance to place your stop losses. Bonus fact, the BTC ETF is already driving up significantly the trading volume, making this chart always more significant from now on.
Bitcoin is following a well-known pattern. Useful points.Bitcoin has printed a bullish pattern with just two or three resistances in front of it, indicating that a rise is likely in the following 10 days. I predict the price will stop around 60k and drop to 56k before rising to 62k and retracing to 58k, where it will be free to surpass the previous all-time high. In the meanwhile, altcoins will have an opportunity to rise once again.
By the way, network transactions are still on the low side, so if only increase +100,000, we should be able to achieve Bitcoin price $80-90,000 by the end of the year.