Bitcoinsignal
Bitcoin- Mini bull run in the first semester of 2023?The long-term trend for Bitcoin, in fact, for all the crypto market, is bearish, and there's no question about this, and, to be honest, I'm almost sure we will have new lows in the future( as sure you can be when it comes to markets). However, at this moment, I think we will have a rebound for a few months and, as there's no straight up in a bull trend, the same is no straight down in a bear one.
In this post, I will explain my reasons for thinking this, both technically and using common sense, and share my current trade and risk management.
Technically:
At the beginning of November, Bitcoin has broken under important 18k support and reached 15500. After a retest of the broken support, BtcUsd fell again, but, instead of making a new low, made a higher low and started to consolidate again and even made a small double bottom in the past month or so.
Now the neckline of this double bottom is broken (17k) and the target for this is towards 18k resistance. In the eventuality of a rise to 18k, 16300 is confirmed as a higher low and there is a high chance of a break back above 18k which would confirm a false break and a bear trap.
This whole outcome could lead to further gains and my first target is 21k.
Common sense:
First of all, after the 18k break back in November, the drop lacked continuation, instead, we have consolidation and even a lot of bad news came from the crypto market Bitcoin stud still.
Second...
This "invitation" to sell on a stable market because all will drop is something I don't buy.
Selling at 16-17k and rebuying it at 10k would be too simple.
My Trade:
I know there are a lot of "ifs" in my analysis, but if you traded long enough you know that, in fact, you should work with "ifs" and take a trade step by step.
Only idiots have certainties(and know that Bitcoin will go to 1mil or 0, depending on the bias), intelligent people have doubts, I'm not an intelligent man, so I have stop loss...:)
So.. here is my personal trade at this moment:
Bought at 16700 in anticipation of a break above 17k (so far I'm correct)
Stop loss is around 16k, but for the sake of round numbers, let's say 15700
Take profit, at this moment, is at 21k
Considering a buy trade of 1Btc, the potential loss is 1000usd and the potential profit si 4k, this would mean 1:4 R: R which for me, as a speculator, is fabulous.
As I said, a lot could happen, and if the price is breaking 18k and going towards 20k with buying power I even can aim for 25k and remove TP from 21k.
Nevertheless, my potential loss for this trade is already counted for and now is the market's turn.
Have a nice trading week!
Mihai Iacob
Bitcoin idea and signal✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
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✅ Please write any advice or suggestions.
Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis.
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BITCOIN MINI BULL-RUN IS ON THE WAY !!Hi lads.
BTC is getting close to the end of the triangle here. BTC is still moving in 18.5k - 20.2k area and has been consolidating in this area for almost 4 months. The daily volume is increasing so fast and we are hitting all time high daily volume records on binance. A lot of long term holders are sold their bitcoins at that level and on the other hand, a lot of stock market whales and traditional market big players started to buy bitcoin at current levels. In general btc is bullish but it is under the effect of financial markets (SPX500 and NQ) dump.
BTC is still in the bear cycle and i think the moment we hit 13k levels, we can say we touched the bottom. so bear in mind that we havent touched the bottom yet. But in short term like 1 or 2 month period, i expect an retracement. BTC can go up to the levels of 25k to 28k. from there we may start falling again.
So, btc can rise above 25k levels from these two spots : 1) 19k in a bullish scenario 2) 17.8k in a bearish scenario
So, be ready for such scenario.
Also dont forget to like my post and also follow me cuz it helps me a lot.
BTC Don't be bullish in a bearish marketWe are approaching "support" in BTC. However trading support and resistance in a TRENDING market is usually a bad idea, cause these levels will act like a liquidity target and usually they tend to break more then hold.
Please check linked ideas for more context.
🧭ETHUSD multitimeframe perspective🧭Everything is in the chart and linked ideas. Send your charts and questions
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
🔍BTC is too bearish to be bullish🔍Here together with you we already discussed price action and structure on BITCOIN before. And because BTC hasn't seen any structural changes from HTF, we remained bearish on it. This is a chart update at the beginning of the week. Please use split screen for better view.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Will Bitcoin break under support?Again, Bitcoin is under pressure, and, after an abrupt reversal triggered by CPI data last week, the main crypto si pressing in extremely important support that lies between 18000 and 18500.
The price action in the past 3 months is an H&S and a new drop is looming.
The target for this pattern is around 12k which coincides with a previous zone that acted as support or resistance.
As long as 21k is intact, bears hold the upper hand and only a daily close above this figure would lift some of the weight.
BITCOIN SHOWS BULLISH SIGNALS !Hi lads.
In my previous analysis i talked about bitcoin mid term bullish scenario and said 19.3k - 19.8k is a very important support area. Untill now, we have seen strength in bitcoin and we saw buyers were active at 19.3-197k area.
Also, SPX500 showed some strong come backs in last hours before the markets get closed. And with strong probability, SPX500 might start the new week with some bullish moves too. With that being said, We can expect bitcoin would go and touch higher levels in the coming week. Another important reason that i think btc will pump other than technical analysis and indicators, is that a lot of people and retail traders are short and bearish on bitcoin. This is where whales and market makers will go against the peoples wishes.
Also,targets for bullish move are shown in the chart and you can see everything in the chart.
Dont forget to like my idea and also follow me cuz it helps me a lot :)
Cheers.
Bitcoin clear bullish pathHi lads.
BTC lowered down to the major support level as i predicted before. Also SPX500 is at its lowest point of the ascending channel. BTC and SPX500 correlation is at its highest atm. So any major move in spx, can affect btc by a lot.
TA and FA suggests a mini bull run in SPX. Also btc has dumped over 75% from the ATH which was 69k area. From this point, we expect a 30 to 50 percent upside move before any lower low happens.
I predicted btc pump when it was at 18.5k area and we successfully jumped to 22.8k levels. Now i am bullish again.
Major support area is 19.3k - 19.8k area.
Targets are 22k - 25k - 28k
At last, dont forget to like my idea and also follow me. it helps me a lot.
Good luck
BITCOIN CORRECTION IS ON THE WAY !!!Hi lads. hope you guys are having a great time.
So, as you can see, btc had a massive pump last day. pumped from 19.2k levels up to 21.6k. I predicted the pump in my previous analysis and i was right about it.
But what about now ? i think btc will face a minor correction. this correction could happen from two possible levels.
level 1 : 21.6k
level 2 : 22.1k
BTC can start a correction from one of the areas mentioned above. also i think btc can dump down to 20.5k levels. 20.5k level is a crucial levels for bulls to hold. Any strong buy volume from that area, will lead btc above 23k with in a few waves.
Overall, i am bullish on bitcoin. i think bitcoin will go above 25k soon. but first multiple corrections must happen.
I will post updates on btc.
Dont forget to follow me and also dont forget to like my idea. i would help me a lot.
cheers :)
BTC started the bullish move as i expected !!Hi lads. how are you guys doing ?
So, as you can see, btc pumped above 20k levels after we touched 18.5k level. In my last analysis i predicted a crash to 19.3 - 19k levels and we saw that price lowered to those area as well.
Now im expecting the continuation of the current upward move. there will be some corrections to the downside on the way as usual but the whole scenario is bullish. i think btc will reach these levels : 22k - 24k - 27k. I think btc will see those targets before any lower low happens. i think the lower low (LL) would be around 13k and 15k.
dont forget to like my analysis cuz i will help me a lot :)
love you all :)
Bitcoin forecast and signalPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
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Related and last Idea fore Bitcoin
Bitcoin vs Tether | BTCUSDT
Bitcoin forecast| signal updateAs mentioned in the previous Bitcoin forecast ( yesterday BTCUSDT ), after breaking the Uptrand channel (at the point I have shown), the price fells to the $20,000 price range.
After a return and pull-back to the price range of $20,500 and $20,900, we see the continuation of the downtrend to the historical price, and the resistance zone of $19,000.(this pull-back and fall again takes about 2 or 3 days)
After that, the price falls again to the important and strong resistance of $17,500.
My forecast is that it will swing between the prices of $17,500 and $19,500 in a horizontal and neutral channel for a while.
and my second forecast and possibility is a quick drop and a hit at the price of 10,000. (It is a weak possibility, but not so far )
this is my longterm forecast for Bitcoin or BTCUSD
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Dear Traders
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Bitcoin- Up after confirmation of supportLast week, Bitcoin has broken above the descending trend line resistance of the symmetrical triangle and reached a high of 22.5k.
Now the main cryptocurrency is correcting this leg up and a new up move could follow.
20k zone is confluence support and in this zone, bulls can look for buying opportunities.
However, keep in mind that the trend is grossly down, and a break and close under this important support could lead to further losses and most probably to a new low under 17.5k
Bitcoin can rise to 25kAlthough the medium-term trend for BTC and Crypto market is bearish, at this moment bears seem incapable of a new low.
Since the recent 17.500 low the price is consolidating and a higher low could be in place at 18.500.
From a short-term speculative perspective, a rise to 25k is probable and has a comfortable R: R.
Buy dips under 20k can be a good strategy and a drop under 18k would negate this scenario