BITCOIN/BOTTOM/PRICE/PREDICTIONBitcoin bear market on fire.
Don`t call the bottom soon please.
No positive on charts be real.
11-13K first target
Next target 9000$
Btc-bottom
BOTTOM of Bitcoin is probably inHi everyone,
I closed all my bitcoin shorts yesterday around 18k usd per btc since my macro targets have all been hit. Meaning that I am bullish from now on.
The reason for closing all shorts is as follows:
- max 1.618 reached if in the case of expanded flat;
- max 1.382 reached if in case of wxy for a full 2 or full 4 correction;
- trend line channel hit from wave 1 to 3 spread from 2;
- bullish hidden divergence on the 3D RSI;
- 0.786 fib hit considering it might even be a full 1-2 correction (very bullish);
- 660 sma hit (best place to buy);
- macro pi cycle low with my own tweaks has shown up (meaning a bottom is probably in);
All of these signals, give me a reasonable estimation that we will at least bounce back to the 30-35k area. My personal target will be 78k usd, it is the wave 1 extension from the probable 4 and also the median channel of the trend line channel.
Yes, we might get lower, perhaps even 14.5k usd, but since all my macro criteria to buy btc got met, I need to stick to my plan. I bought btc again long term from 18,5k usd. I was scared to sell at 65k usd and now I am scared to buy at 18,5k usd. But in trading, we need to follow the trading plan, not our emotions.
As allways this is no financial advice, stay stafe and trade well.
Crypto Market Bottom based on total market capMarkets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on.
In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on.
On the way down area A is considered "exhausted" therefore the market has no interest to debate again over the same area. Bulls won, they took us to 3T, they failed to go higher and so their reign was over.
This is why our stay in area A on the way down was short-lived.
It's summer 2022 and the market has finally reached contested area "B".
Bulls and Bears will once again fight for this area.
The winner will show us the way! (If sellers are exhausted in this area, we have our the market cycle bottom)
Bottom will probably found on the 300 day MA Looking for the bottom, the 300-Day Moving Average shows that:
- we've just crossed into the lower half; the bears are in control BITSTAMP:BTCUSD
- a significant bounce upwards would be a great reversal (28 June)
- a confirmation would be crossing the MA in BULL Territory (4 July)
Hold on, it's going to be a bumpy road! =)
Greets
Did Bitcoin find its bottom at 20k?At times, markets go unprecedentedly low. Now is the time that Bitcoin has hit the lowest possible in about 545 days - this is a unique matter of study for future mathematical observation of the market. It can be the most potential low. If there's a breach at the 20k level, 18.3k support should hold firmly. If that level is violated, then the 15.3k must validate for a firm return in the worst-case scenario. What I truly believe is that we've found the bottom at about 20k as per algorithmic fundamentals, just awaiting for the confirmation. No rush here.
BTC - MA100 Breakdown and BottomIn this analysis I wanted to underline the importance of the weekly MA100 and how it can play an important role in finding the bottom. As you can see, Bitcoin broke down the MA100 3 times and in all cases it dropped from 45% to 54%. Again Bitcoin broke down the MA100 making a 42% drop. After a period of time (50 days to 350 days) bitcoin has returned above the MA100. Every time this event has occurred Btc has hit its bottom.
Now my questions are 2:
1) Will it continue to drop to 18-20k and score a 48% drop?
2) will it stay in a range in this area for a long time and then rise again in 2023?
This is just my idea, I'd love to know what you think in the comments.
Bitcoin bottomI think this is the bottom for btc, every single time has ended touching the 200 w after falling in a descending channel. It is just my opinion.
XRP BOTTOM, simple.(inverse chart!), Thoughts? BEAR FLAGXRP BOTTOM, simple. all waves within check out, Thoughts?
oversold on all bigger timeframes, time for a rally? when is this thing gonna launch?
BTC/ETHGonzo The Battle is real. The war of the worlds continues. There seems to be a war going on between Wally world and MS. Both know the cash crunch cannot support both worlds. Then Some Smart Guy Comes Along and Cons All The cons. Takes All the cash off market into some metaverse like world and calls it defiance. When that crashes going to be some mad dudes and some very rich dudes. That made off ; ) with all there cash. Oh it`s getting closer all the time. Guess you missed the fine print. Well we are getting closer all the time 21k is real close. Below that there is no stopping it as to how low it can go. Smart money is already out and has been for some time. Waiting on a bottom is always hard to take. See you at the bottom my hook is set ready to real in some big winnings. You see it will recover and when it does you will want to be close bye.
Capitulation incomingIf we don't get back to 30k and stabilize things, we'll go to 23k or something
Not a financial advice, don't rely on my professional-made deep analysis
Bitcoin Price AnalysisWelcome back,
Disclaimer: This is NOT trading advice. These are solely my opinions that I have posted for educational purposes only. I hope you make tons of money, I am not responsible for any financial losses. Thanks for reading!
Bitcoin has been in an overall downtrend since early November highs just under $65,000. Interestingly, Bitcoin has completed two 6 point cycles drawn out above on the weekly chart. The "1" starting points of each cycle began on the same bitcoin logarithmic growth curve each time; we appear to be finding support at the very same curve where we see the "1?" currently, and with the weekly RSI at lows we have not seen since March of 2020, coupled with possible inflection on the momentum indicators: it is possible we could be entering into the next accumulation phase.
4H
As we zoom in, the pattern suggests a bottom of $39,600. If we look at the growth curve however, a bottom of $40,269.36 is suggested. The local low of $40,571.23 is within 0.01% of this figure. Trend support/resistance lines are drawn at $52,100 ; $49,600 ; $48,000 ; $45,500 ; $39,600 ; and $28,750.
1H
On the hourly chart, Bitcoin is trading far below the 180h(blue) and 500h(orange) simple moving averages. Given the pattern drawn in red, it will be interesting to see how this one ages.
Do you think Bitcoin has found a bottom?
When to buy LOTS of BitcoinPretty simple; when the price of BTC hits the 200 wk moving average, that has historically been the very bottom of each cycle. Buying the bottom is easier, more important, and more profitable that selling the exact top. Let me know what you think.
BTC potiantal bottomTrend line, EMA, RSI support zone, fibonacci 0.5 level and previous swing high support zone its all here together. Im pretty sure BTC found bottom. Not a financial advice. Good luck!
BTC monster ascending channelLooks like one big ascending channel, what do you think of this... Can we see BTC hitting the bottom of it? Will it be the bottom? We have to wait for wor that. Guys, please tell me what do you think about this, am I delusional or what?
BITCOIN BOTTOM IN?Bitcoin has been in a new price range since breaking out at the end of JUNE.
This has affected alts in a way that has new volatility and trading channels.
This most recent downtrend broke a lot of key support levels but again found support on the trusty 33.3k level WHICH IS NOW strong due to this BLUE TRENDLINE shown in my chart.
BTC 12-Month ChartAccording to the yearly progress of bitcoin, trend line analysis suggests price could have already reached 2020's highs. Trend lines also indicate that price is near the bottom, but there appears to be room for a slightly lower low, at around 3500-3550.
LONG - BTC - DESCENDING CHANNELDaily support making confluence with the Daily ma50, expecting it to hold and become the last touch of the bottom of the descending channel.
Layers: 9273.5 / 9173.5
Avg Entry: 9223.5
TP 1: 9769
TP 2: 10184
TP 3: 10759
SL: 9079
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WOULD YOU SHORT THIS?Everyone is ignoring this long term trend line, and BTC is laying on it right now, when sentiment is mega bearish. In previous posts you can find more details. Anyway, this is the location for buying, not selling.
