BTC/USDT Binance technical analysisHello,
Today I will look at the BTC/ USDT pair on Binance in the 4h timeframe. The demand zone is sitting around 16K, and the supply zone is around 17K. I can see that the descending triangle is formatted, and I am expecting that the price will go downward from its current position. I am expecting a downtrend, bearish movement, and the price of Bitcoin to go down to at least $16200 in the next few days. Even if we had some small uptrend situations in the past few days, we are still in a bearish cycle. If the opposite happens (a bullish movement), we can expect the price to rise around $18,000, but I doubt it.
Enjoy & have an amazing day!
BF
Bitcoinpriceprediction
$17,436 Bitcoin price on September 26th, Vix Cheat SheetHello everyone,
VIX closed above the upper bollinger band today September 21st. The Vix Cheat Sheet indicator says that the maximum loss over the next five candles could possibly be 5.36%. It says there will be barely any gains until the next ten daily candles are reached and only then will there be a gain of 1.36%. The last few Septembers have all been blood red for Bitcoin. Why should this be any different? I am always looking for scalping opportunities but it hasn't been going well because of so much volitility.
Do you believe that bitcoin is going to $14,000? I don't think so but only time will tell. Try the vix cheat sheet indicator for yourself and let me know what you think. Can you read the small box it made on this graph? Try looking at it from a computer and not your mobile phone. You will see it says "over the next 5 candles the maximum loss is around 5.36%. The maximum gain it says is 0% yet over the next ten days it says around 1.36% gain.
However for scalping I will try to use the Phoenix Ascending plus Bad Ass Bollinger Bands. Check my previous instructions on that. Please leave a like on both. Thank you. Make sure to follow for more.
Indicator: Bad Ass Bollinger Bands by wyckoffmode InstructionsHello,
At this time you may buy Bitcoin below the lower indigo band of Bad Ass Bollinger Bands and sell above the white upper band.
In the future you can come up with your own trading strategy by looking at the BBB indicator and finding the points on the indicator where buying is optimal. For instance like I said now is the time to buy below the lower indigo or "blue" band and sell above the white upper band.
Please, I'm interested to know your thoughts and would appreciate if you write me some information in the comments about this.
Please, pair Bad Ass Bollinger Bands with "Phoenix Ascending" also by username wyckoffmode aka David. He's a great man.
You may also ask him for access to "Phoenix ARI" and combine stochastic RSI with Phoenix ARI because Phoenix ARI is less susceptible to price action. By merging the two you get a good glimpe of volitility mixed with price action.
By using Phoenix Ascending a general rule of thumb is to buy Bitcoin when the blue LSMA is below the 20 line. However as you can see that doesn't happen a lot. So try to buy when all three green,red and blue are as close to the 20 as possible with green even being below the 20.
The best timeframe to use this on in my opinion is the three hour. If you are using this on the 15 minute or 30 minute chart please make sure you load a copy of the 3 hour and 6 hour charts in another tab and monitor to them to accurately make a good trading decision. Always remember what it generally boils down to in this market is to buy below the the lower indigo and sell above the upper white.
Good day and best wishes.
$19,065 on September 18th? VIX Cheat sheetHello my dear trader friends,
The VIX Cheat sheet indicator on tradingviews works when the bollinger bands indicator for "VIX" are at the very top. When this happens the VIX Cheat sheet indicator works at its finest. Now is the time that the bollinger bands are at the very top on the VIX chart. So when we use the VIX cheat sheet indicator on bitcoin we can see what percentage numbers of gain or loses will occur. As of right now it says the greatest loss that will happen over the next five days would be a 5.95% loss over the next five candles. This means that the greatest loss that could happen ending on September 18th would be Bitcoin going down to $19,065. The VIX cheat sheet indicator does say that over the next ten candles there will be a 1.34% increase in price. So if you take the price of what Bitcoin is right now ($20,265) and add 1.34% to it that would be $20,535. So this might possibly mean that we go down to $19,065 within five days and up to $20,535 within ten days.
Please have a look for yourself and let me know what you think. Does anyone else use the VIX cheat sheet indicator? I am a student of trading and for a decade I have been learning old and new indicators. It is my passion.
Bitcoin can retrace 86.69 % from here and dip into below 2800 $!Hello traders .. in my opinion crashing price below 2817 $ can change minds from mania phase into historical fear phase to shake out all strong and weak hands .
guess then what ? we will moon to 400,000 $ in maybe 4-6 years from now .
bitcoin price now : 21575 $ - 2022 September 11
help by boosting the post ♥
BTC [SHORT] NEXT 5 Days, Loss of .22%While using the VIX CHEAT SHEET INDICATOR under the indicator section of trading view it gives the following figures for the next five day price analysis of Bitcoin utilizing the VIX.
Within the next five days there should be a retracement of .22%.
Within the next ten days there should be a total gain of 1.00%
Please go ahead and try this indicator for yourself and leave a comment below if it has helped you. Do you have an opinion on this? Please leave a comment below.
Bitcoin Daily says we are going up up up Target - 26.8kThese indicators are telling me that we are moving up, this breakout looks very unsure of itself though. There is definitely alot of volume but it is not increasing like it should be. Probably because of the high RSI, a lot of players are getting ready to short. I think the price is going to up around 24.9 and then retrace back down to 23k so if you wanna take the ride to 28k, start keeping your eyes on for a good entry. Market sentiment in general is still very bearish, so I don't think that BTC has the power to break past 28k. So I am not saying the bottom is in just yet, the bulls are just making a statement and liquidating the bears because they are bored. The best chart to look at to get a solid idea of what is going on in any crypto market is its daily market, often when we trade on the 1m, 5m or even 15m charts they are heavily manipulated. That is why I am publishing this call; because I believe in it. The MMA lines on the Mac d are about to rise about the volume bars, the baseline is slightly above the conversion line, and there was a price breakout. The RSI is far from overbought so the bulls have a lot of room to move the BTC price up without any sell pressure.
when is the bitcoin bull run? bitcoin long range targethere is my analysis on the macro situation for bitcoin.
using elliott wave, we can see that regardless if a bottom is in or not, this will be the final leg down and that we are going to start a run from here.
elliott wave is able to show me where we are in the market and by using the fib tool, i can get a rough prediction and bounce points.
my targets for the next run are from 185k-249k, this can depend on adoption and things like that but that would be speculation,
the price will probably be higher but i want to give realistic targets, based off pure analysis and not speculation
Bitcoin price prediction june 22nd - 30th. HEAD AND SHOULDERSthis is my secondary price path that I think could play out.
I see an inverse head and shoulders which would lead to a nice pump if it plays out, however,
my overall bias is hitting 16k or at least back to 18k-17k, so im guessing we see a pump and then
the final drop to solidify the bottom or we just consolidate until we drop.
BTC 19k! Just for fun! I was looking for a pattern of percentages, drops, or increases. So now, according to the chart, BTC drops to 19k. If it wasn’t that precise, I would not post it. We have two drops of 50% below the green line of the indicator. We reached a 32% drop from the same indicator line on the third one. I would be inquisitive if this will get to 50%, which is19K. Of course, this is just for fun. I don’t take it seriously, but I hope it serves a good purpose.
Scalping Bitcoin on the 30m - Day trading Bitcoin?At this time I've decided to try using stoch rsi,williams alligator, macd, and rsi to scalp on the 30 minute.
I am using btcb through Pancakeswap. It is bitcoin but on the bep20 binance smart chain network. I use the corresponding chart which is btcbusd for binance. I use dexscreener's chart for btcbusdt and I use the trading view chart as I mentioned.
Over the course of many years I've been watching bitcoin move but never took the opportunity to try to day trade this way. It can be a very bad idea because of such high volatility you could suddendly have a huge swing throwing you off course.
I am usually a swing trader. Sometimes I'm able to make a profit when I do one trade and it usually takes a month. I haven't found very many of those. I was afraid to take the chance and I'm glad I didn't with everything that's been happening in the world making crypto go down. It's hard to concentrate on crypto when so many bad things are happening around the world.
In good news Rex Token is launching June 25th. Its at rex.io and it's a certificate of deposit on binance smart chain. more about that later.
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Trade
At the current time of 11:19PM EST 6/20
Bitcoin has been swinging from $19798 to $20,760 and that could of been the trade. That would of been some decent profit.
Now I see the stoch rsi going down and we wait for it to get to the bottom before putting in for a limit order around the bottom. It doesnt look like I could name the bottom just yet. Could it be $20,020 for the entry and wait to see what we could do for a nice top to sell?
Do you feel like trading like this?
Overall I think the bottom is around $17700 but I don't think I would stick to a position right now for long term trading besides USDT since we could go to any type of low imaginable with how things are today.
Bitcoin trading channel June/July predictionthis is a similar scenario to trias, which was provided in my previous post.
I am not sure how long we will be in this channel but it does give us any idea when a breakout is expected and an idea of the grand scheme mid term for bitcoin.
for trias i think we will ride higher in the channel until it crashes right after bitcoin finds its bottom. I dought this is the bottom for bitcoin, maybe 18-16k quickly but I dought anymore than that.
Where Will Bitcoin (BTC) Go From Here? Even though the market has been extremely brutal, there are some key levels I'm looking at to start buying/DCAing into Bitcoin.
The indicators I have on the chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and the RSVP Extractor (mine). I have the Weekly chart up for BTC because that gives the best overall data for buying support whenever you have a downtrend as strong as we've had.
As you can see on the chart, the next major level of support is around 19-20k. This was the previous ATH in 2017 so it's obvious why it's a big support now. Along with this, I also have a huge descending wedge draw (teal lines) which is a bullish pattern that usually breaks to the upside. With that said, we can technically ride the trendline support all the way down to 12k which seems horrible (but it only is if you're not ready for it). The big things I'm looking for is a "Buy" signal from the Whales buy-sell indicator, a Green dot from VMC Cipher B and the RSVP Extractor to start curving to the upside. Until then, I will lightly DCA at 19-20k, 16k, 12k, and even 9.5k if we get there. If we do bounce from here, there is big resistance near 25k (previous wick down and 200 EMA) and major resistance at 30k.
TL;DR
Major support levels for BTC: 19-20k, 16k, 12k, and 9.5k
Major resistance levels: 25k and 30k
Possible descending wedge forming with major confluence support at 12k
If you enjoyed my TA and have any questions about it or the indicators I use, please leave a comment below or send me a DM :)
BTC/USDT BEARISH CONFIRMATION!The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
Bitcoin bottom prediction these are potential paths i can see for the bottom of bitcoin. we have broken the trend line , which could reverse but most likely we are headed to find a bottom. my most probably scenario would be 22k, maybe only a wick but it would stop everyone wanting to long at 20k. the other scenarios could play out but i do not think it is very possible, for those scenarios we would need to be in a larger scale depression which could easily be the case but at that point i believe money would be coming into bitcoin and it would detach from traditional markets, this may only be a wick to roughly 18k.
bitcoin price prediction june 8th- june 13ththis chart is exploring one of the possibilities i had listed in my last chart.
we are about to test 28000 again and i do not think it will hold, i see either,
a slow bleed to 20000 area or
capitulation after breaking 26500
either way i suspect a bottom will be in late june or early july and we will bounce back quite quickly, early 2023 maybe, trade sideways until 2024, new ath
bitcoin price prediction june 6th (UPDATE, READ DESC.)THIS IS AN ADDITION TO MY PREVIOUS POST, PLEASE VIEW THAT FOR AN EXPLANATION ON THIS.
I see us wicking above the daily 21 horizontal ema then dumping which is represented by the purple line, currently most probable, please note this time frame is only about 2 days for this move to occur