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Bitcoinpredicition

The first green September in 10 yearsIn my last post , I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory. TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action. After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This did not had to lead to a new theory, but the price kept on rising. I set 2 conditions for myself as to when to switch my opinion: 1: Bitcoin has to break the current resistance zone (condition has been met today) 2: Bitcoin has to touch the second resistance zone, and come back to the old zone, making it new support. As the first condition has been met, I see it less likely for Bitcoin to reach 21k. I think the new confirmation should be: If Bitcoin breaks the resistance line it is touching right now, then 21k is off the table, and we will see our first green September in 10 years.
COINBASE:BTCUSD
by FetchTeam
2
Bitcoin target 20300Bitcoin MARKET UPDATE Bitcoin support levels - $16,600 and $16,300 strong Support Bitcoin resistance - $17,000 and $17500 strong resistance ——————————————————————— Analysis - BTC Support is at $16,600 and next Support is at $16,300. Resistance is at $17,000 and next resistance is at $17,500. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle green at $16,442. Looking at 1 hour timeframe, BTC was able to break out its $16,600 resistance with high volume and turned it into support. Currently BTC is trading around its resistance area $17,000.
Long
by Waqar212
2
Bitcoin Will Hit 10,000$ incoming DaysBitcoin MARKET UPDATE Bitcoin support levels $16,200 and $14,200 strong Support (buyers available at this position). Bitcoin resistance - $17,500 and $18,600 strong resistance (sellers available at this position). Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with Risk management accordingly to this bitcoin update. ——————————————————————— Analysis - Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.
Short
by Waqar212
2
Bitcoin Can Hit 14000$ Today or Tomorrow Bitcoin MARKET UPDATE BY Bitcoin support levels $17,150 and $17,800 strong Support (buyers available at this position) Bitcoin resistance - $18,600 and $19,600 strong resistance (sellers available at this position). Crypto market depends upon Bitcoin movement I updated you about Bitcoin so trade with risk management. ——————————————————————— Analysis - Bitcoin experienced severe sell pressure today as it ended its daily candle below the 18600 dollar mark and attempted to breach that level but failed. Bitcoin is currently trading close to the 17150 dollar level of support. Our current market cap support zone on the daily chart is at 813 billion dollars. If we close above that support level, the market could have probabilities to move upwards. If we close below that support level, closing below could be bearish, and the next support level would be at 762 billion dollars. The release of the CPI Report, which is scheduled for tomorrow, Thursday, November 10, 2022, at 5:30 PM Pakistan time, will influence the market's course. Please stay away from leveraged trading as the market is quite unstable.
Short
by Waqar212
4
Bitcoin Today Next Target 30k ? Bitcoin MARKET UPDATE Bitcoin support levels - 19500$ and 19000$ strong Support (Buyers available at this position ) Bitcoin resistance - 20000$ and 20500$ strong resistance (Sellers available at this position ) Market depends upon Bitcoin movement so trade with risk management. We updated you about Bitcoin movement. ——————————————————————— Analysis - BTC Support is at 19500$ and 19000$ Resistance is at 20000$ and 20500$ 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 10 20 50 100 200 Currently RSI is at 27.8 BTC dominance is at 40.57 and Total Crypto Marketcap is at 978Billion
Long
by Waqar212
BTCUSD WEEKLY FORECAST : SHORT Bitcoin (BTC/USD) has stayed relatively quiet ranging between $9000- $1000 for the past two weeks or so. Looking at the technical analaysis of BTCUSD, we can see huge range of resistance between $10k -9k , for existing support levels , we see $9300, $9100 and areas around $8.8k. Price rejecting $10k or below is a could sign for short term sells but if bull momentum steps in and break above $10k, we may likely see BTCUSD soaring new highs. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
BITSTAMP:BTCUSDShort
by Tim298
SWT 50% Profits OpportunityAfter a double top pattern creation in September, SWT was on a correction for sometime. It seems an upward reversal trend is in creation for now and is waiting for a breakout confirmation. If it is confirmed it can construct a 5 wave elliotts wave. RSI is at 57 and 50EMA is under the price. If volume can continue like this we might see a good short term profit. Buy Zone : 3600 sats - 4100 sats Sell Zone : Target 1 : 4375 sats Target 2 : 4658 sats Target 3 : 1941 sats Target 4 : 5345 sats Target 5 : 5859 sats Stop Loss : 3100 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
SLong
by cryptotalk_et
ZenCash Critical Point : Waiting For ConfirmationSince its listing on Binance ZenCash has showed a fair performance recording its lowest at 2528 sats on the platform. If a double bottom is confirmed on the 1D chart we might see a good leg up trend move with a continuation of the 3rd elliott wave rally. RSI looking good at 48. Volume need to increase some move upwards. As it is described if the candle close above that point on the intersection we will have confirmation. For now accumulate with a small amount of your portfolio And do consider to use a strict stop loss orders after accumulating and before that accumulate using risk management and partial buy orders. Entry Zone : 300000 sats - 333000 sats Stop Loss : 258000 sats Possible Targets Short Term : T1 : 341200 sats T2 : 363700 sats T3 : 378300 sats T4 : 394900 sats T5 : 418500 sats+ Mid / Long Term T1 : 364800 sats T2 : 39900 sats T3 : 433900 sats T4 : 482000 sats T5 : 544000 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA. Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it. You can also follow our telegram channel for more news, TA, FA, and trading tutorials. With Regards.
Long
by cryptotalk_et