Financial Wave. Bitcoin, 1hBTC found support at $16560, our priority scenario is to start an uptrend from these levels with an upside target of $17300-17500. If the price of BTC drops to $16100, this scenario will be cancelled.
Bitcointrading
Bitcoin Market UpdateBitcoin Market Update
Entry $16600
Entry $16400
SL $16240
TP $17200
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BTC Bitcoin - Weekly Chart Death CrossToday you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD).
Bitcoin price on the weekly chart shows some concerns as the 200 and 50 SMA looks like it will be crossing forming a Death Cross. This would be the first time a Death Cross happens on the weekly chart for BTC in its history. It is estimated to happen in between January-February 2023. There may be a chance the Death Cross may be avoided if the price moves much higher or lower quicker. I see price come down to $7K-$8K. I still don't think that will be the bottom, but it may be a temporary bottom.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
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
Bitcoin BTC Price prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to follow it.
My price target for Bitcoin BTC for the end of the year are the following:
BTC/USDT short
Entry Range: $16900 - 17100
Price Target 1: $16280
Price Target 2: $15990
Price Target 3: $14990
Stop Loss: $18265
BTC Bitcoin Price Review - Short TermToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
The Bitcoin price looks like its forming a lower high as part of the downward market structure. There is a chance for the price to go higher as shown in the chart before heading down lower. Targets shown in the chart. To support the analysis, I have included the Ichimoku Cloud, RSI, Volume Profile (VPVR) and Fibonacci Retracement.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
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
Bitcoin, 15minOur priority scenario in BTC is the rise in the price in wave b to the range of $17300-17500. If the price continues to rise above $17,500, our markup will change.
BTCusdt - local up, pls.
If you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
your friends.
Bitcoin Elliott Wave count 15min TF This is my trade plan for Bitcoin.
Wait to break up the red slope trend line and enter short with 2 targets 16000 and 15500 and Stop lose above 16800.
Watch also related idea!!
Good luck!
I will post updates on this trade soon as we have more price action.
BRC Bitcoin Bearish Chart PatternBTC Bitcoin is in a Bearish Flag Chart Pattern forming a regional Double Top.
My price Target is $16675.
Looking forward to read your opinion about it.
WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is...
There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
Last 2 Scenarios for Bitcoin if we are Bearish Last 2 scenarios either we dip from here and make lower lows or we have a fake out to $17,400-600 then have a quick drop to lower lows.
I still remain bearish i doubt we are bullish but if were are bullish I dont see Bitcoin going any higher than $18,500-800 before making lower lows.
Bitcoin Right Now looks like when Bitcoin was at $32,000 Price is behaving similarly to when Bitcoin was at $32,000, lots of bull traps then a huge drop to $20,000 I think we could soon see $10,000 for Bitcoin.
Drop to $14,000 for Bitcoin SoonI cant predict or know how price will go but I have a strong feeling we wont be making any more highs now, this pump was the highest we will see bitcoin for a while. We could see another pump but I would short.
I highly doubt we will break above the white semi circle as there is strong rejection from those levels.
NFA, do what you believe at the end of the day.
Bitcoin - Price Prediction Update ($10,000) I either see downside from here straight away or we get one last small pump before major capitulation to 12-10k.
Bitcoin: Recovery modeAfter Bitcoin's short but steep drop, we expect the coin to sink further into the green target zone and finish the green wave 4 between $17 111 and $16 759 before heading back North. Rising to the green target zone between $18 109 and $19 418, the orange wave iii should be completed around the $18 600-mark before dropping down again to end the orange wave iv.
BTC Bitcoin forecast for Decemberpast chart
BTC Bitcoin is bearish ahead of the release of new economic data on December 13, the Consumer Price Index:
BTC/USDT short
Entry Range: $16900 - 17000
Price Target 1: $16280
Price Target 2: $15990
Price Target 3: $14990
Stop Loss: $18265
A big shadow collected liquidity + volume passed. Goal - $16700After a rapid increase, the price went to the sideways. A big shadow collected liquidity from above + volume passed. Nailed the inclined level and fixed lower. We have come to the POC level and are working on it. I expect a breakdown of the level and a movement lower. First goal - 16700$
Is this the Future for Bitcoin? $200,000, $800,000 & $2,100,000Just for fun, assuming bullmarkets and bearmarkets behave similar for the next 10 years.
I bet we will see Bitcoin at $1,000,000 By 2028-2030
Bitcoin to $2000Bitcoin is currently showing a negative divergence, which confirms the continuation of the decline
BTC one last capitulationI am expecting one last capitulation for BTC, miners are still in problems, difficulty is rising, stocks will turn to down soon. Also we have mid December FOMC and CPI coming. This will be one last drop and we can expect accumulation after, so not bad play to start buying after the last capitulation. Good Luck!
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% BTC, 45% Cash.
* SUNDAY SCARIES WATCH . Cryptos are mixed today after numerous Altcoins like DOGE, REN (on rumors of Binance acquisition) and LINK rallied to start the weekend. Billionaire hedge fund manager Bill Ackman reiterated his support for Cryptos and their underlying technology . Yesterday, Vitalik Buterin transferred 40k ETH ($48m) to an unknown wallet and Justin Sun cashed out $58m worth of ETH for unknown reasons . Ukraine is still trying to restore power to major cities while Russia continues to fire missiles onto critical infrastructure. Even with this going on, Ukraine managed to host a summit in Kyiv to promote their "Grain from Ukraine" initiative which will strive to send 60 vessels full of grain exports to countries currently most vulnerable to famine and drought (including Ethiopia, Sudan, South Sudan, Somalia and Yemen). Chinese citizens continue to protest the Covid lockdowns in cities like Urumqi where the lockdowns are ironically contributing to deaths , and this morning officials in Urumqi announced that they will begin to phase out restrictions in "low-risk areas". This is after China reported a third consecutive daily record for new Covid cases .
In lighter news, Ben Armstrong is in the Bahamas with intentions of interviewing SBF lol .
Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .*
Price is currently trending sideways at ~$16450 as it continues to hover above the uptrend line from March 2017 (~$15600) for a fifth consecutive session. Volume continues to shrink for a sixth consecutive session which is indicative of an impending breakout/breakdown and is on track to favor sellers for a third consecutive session if it closes today's session in the red. Parabolic SAR flips bullish at $17900, this is mildly bullish at the moment. RSI is currently trending sideways at 39, the next resistance is at 42.41. Stochastic remains bearish and is currently trending down at 90 as it approaches a test of 88.29 support. MACD remains bullish and is currently trending up at -705, the next resistance (minor) is at -232. ADX is currently trending sideways at 45 as Price continues to trend sideways as well, this is neutral at the moment.
If Price is able to breakout here then it will likely test the 50MA at ~$18670 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at ~$15600 as support . Mental Stop Loss: (one close below) $15600 .
Bitcoin Important Update CRYPTO MARKET UPDATE BY TEAM TENUP
Pakistan Time: 06:06 AM
Bitcoin support levels - $16,300 and $16000 strong Support
(is Ka Matlab yahan buyers hain)
Bitcoin resistance - $16,800 and $17,000 strong resistance
(is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
———————————————————————
Analysis:
BTC Support is at $16,300 and $16,000. Resistance is at $16,800 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle RED at $16,598.
Looking at the 4-hour timeframe, Volume is low and decreasing. RSI is at 53 and STOCH RSI is below the 75 range. RSI and STOCH RSI suggest that the BTC may test $16,300 support. However, there is 20 EMA support around 16,400.
This might changed everything for Bitcoin!I know it's a messy chart but lucky we have to focus on just a few things!
As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish.
For Bitcoin we have a few levels to watch closely.
First the key levels to watch if we want to see upwards momentum:
•16.8k
•17.5k
•18.6k
And some key levels for the downside:
•15.8k
•15.5k
•14.8k
The explanation was to hit approximately 14.8k after we did broke the triangle but after the news we have gotten today we can hopefully throw this out of the window.
Trade safe!
