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Btcforecast

BITCOIN What's Next? What's up everyone! 😃 After Yeterday's update on the BTCUSDT Weekly Chart, where we sa a few scary things taking place(👇), I wanted to do a quick update on the Daily chart to see what we can expect in the next hours/days before the weekly candle closes. 1D Chart from today's video: 4h Chart from today's video: Yesterday's Video: I hope you enjoyed this post and that it was worth your time, any ❤ in the form of engagement, follows and feedback would be very much appreciated, and a big motivation to keep posting! Happy Trading! ✌❤📈
by DeFeye
BTC DOUBLE BOTTOM!!Taking a look at Bitcoin on a daily timeframe i noticed something very bullish that ive somehow missed. a clear to the point double bottom has formed recently with price action showing some strength coming off of it, this overall if actually plays out is a big positive for the overall market in general! We are currently sitting inbetween the double bottom and the 0.6 FIB level, with heavy supports and resistances clearly above and below us! Keep in mind a push down below the 39616$ level invalidates the whole idea. Potentially some great buying and entry spots here for dollar cost averaging into different strong projects, Mid 39K seems like a very fair and reasonable bottom i personally would say. Looking at the bollinger bands we are currently trading in the bottom half but our first goal here to put us in a nice spot is getting back and above the midline which is currently acting as resistance, being in the top zone allows us the chance at climbing up to that top band, where as you all know by know can trigger quite the run to the upside, not only that but getting above the midline opens the door for us to reclaim the 0.6 FIB level which is a crucial spot at 44K. The Squeeze momentum indicator looks pretty good, we are coming out of a big short squeeze where soon enough we will be coming back to the midline (fingers crossed) This enables us to push into a bullish squeeze above the midline, due to us not getting a true bullish squeeze in quite some time throughout October to be exact, i think it is highly realistic that we could be seeing a massive bull squeeze soon enough, we need to see a strong push past the midline and into green territory, we need our green bars to increase day by day getting stronger and showing the rise in bullish momentum. Now the Wavetrend gives me good hope that we are going to be starting a decent leg up here soon, we recently bottom out in the buy zone and have since recovered, we currently are seeing what looks like to be a reversal happening, the wave came down slightly but is currently beginning to tick to the upside. Keep in mind that this moves slow and has relatively smooth transitions between waves, this means very minimal jagged movements and sharp turns, so what im saying in a nutshell is when we start to see a reversal play out we are not 100% but almost guaranteed to see price action respond to wherever the wave is headed, i should also point out here just like the SQZMOM we haven't seen a very strong bullish wave in quite some time, we had a decent wave but we only pushed upto the midline, what im looking for and expecting sooner than later is a strong bull wave pushing past the midline and topping out somewhere inbetween that and the sell zone! Not financial advice just my opinion!
BITSTAMP:BTCUSDLong
by JacobR905
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends as I told in the previous chat of BTC that BTC goes up from here then it will be right which is going up and now we believe that BTC can go up to 43500k or even above BTC is forming 4 hour cup and handle pattern and triangle pattern is also visible from yellow train line This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
Bitcoin Dominance Reversal on the Horizon + Upcoming Altseason!?Taking a look at our bitcoin dominance on a 4H timeframe we rebounded off the 39.40% level where everyone thought altseason was about to be on the rise, we have climbed all the way back up to the 40.28% level currently but i am looking for a drop and reversal sooner than later. We have downtrend resistance coming from the high around the middle of december, this resistance lines up directly with the upcoming 40.50% level, also realize that this resistance level on its on is very heavy and hard to break through, I am expecting something similar to what i have drawn out, looking for a lower high which would be valid anywhere below our recent high, but think is the 40.50% level is a likely spot for our PA to reverse. Afterwards if this does play out we want to see a continuation of lower highs effectively putting us into a downtrend. This is the ideal scenario for the altcoin market but the real explosive price action will happen once we have a confirmed break below the 39% level, the 2018 altseason peak arrived around 35% BTC dominance and just based on the shear growth of all of crypto i expect a much larger scale altcoin season at some point and hopefully soon! Looking at the bollinger bands this gives me hope that we are going too see a cooldown and reversal soon, we have been riding the top band explosively for the past few days and if we do continue this we should realistically be looking at it coming to an end somewhere inbetween 40.29% and 40.50%. The RSI is currently hitting resistance right below the overbought zone and we are beginning to curl to the downside, we have upcoming support from the yellow SMA which might catch us briefly but the main goal here is that midline i always talk about, getting below this level and holding below confirms a downtrend which is fantastic for alts. The wave trend is seeing somewhat of the same thing aswell, we are beginning to curl to the downside after seeing a steady wave to the upside, looking at almost every wavetrend top we have seen recently we have come all the way back to the bottom buy zone and i don't see us having any different outcome this time around, we had a pretty vertical jump up with barely any downside so i am expecting more of the same thing when we come back down! Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
3
BITCOIN What can't/must happen!?What's up everyone! 😃 I'm looking specifically at the Weekly BTCUSDT chart today. I want to point out that we are repeating a pattern, but are looking more bearish this time around. To show you what I mean I'm looking at the weekly EMA ribbon once again and specifiacally the MA20 and MA25. I covered most of this in yesterday's Weekly Bitcoin video (👇), but wanted to make a shorter version as I thought that this is the most interesting chart an TF to look at. I hope you enjoyed the video🎬, and If the post was worth your time, any ❤ in the form of engagement, follows and feedback would be very much appreciated, and a big motivation to keep posting! Happy Trading! ✌❤📈
by DeFeye
2
BTC/USDT 2DAY UPDATEWelcome to this quick BTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends BTC today 2 days update BTC looks like triple bottom double top has just formed market is very confused from here anything can happen break can happen and bounce can happen so always a beautiful will touch high and if it breaks the tab back 31k at a time file a fir maybe This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
Bitcoin Falling Wedge!!Bitcoins still struggling to break up to create a higher high and that may be due to the fact that we have a very obvious falling wedge pattern playing out, price action has respected both levels very strongly and we are seeing that currently with our daily candle getting what looks like a bounce off the top of the wedge. Now historically falling wedges have a high chance of breaking out to the upside but as we all know especially if you are trading there is always the threat of being flushed out before the move actually plays out, and thats exactly what i think we are going to be looking at here. I have drawn out a box ontop of the 0.7 FIB level or just about 38K where major longer term support lays, i think this area is going to be a very likely bounce area or flush out area where a big institutional wick comes into play, the thing is this falling wedge should realistically be coming to an end right around the 0.7 area if we don't breakout sooner, we have the bottom support lining up perfectly with 38K. Another indicator that is very accurate and should be looked at is the mean reversion channel, the oversold-strong oversold area lines up once again with our 0.7 FIB level and as you guys can see at our ATH we were strong overbought and shortly later a big downside was triggered, same thing could apply here where we land in the oversold area, maybe consolidate for a brief period before then recovering back upwards. Looking at the squeeze momentum indicator, we still realistically have some downside left to go, we are currently coming out of a bearish squeeze and are currently fading out of the squeeze release portion, which is the most explosive part to this indicator. The main thing is that we are slowly but surely coming back towards the midline where the opportunity to trigger a bullish squeeze is there, what we want to see continue is the red bars decreasing day after day like we have been seeing recently, showing a decline in bearish momentum and then a strong push into green territory where then we see rising green bars day after day. Now the Wavetrend indicator also gives me more confirmation we are going to dip a bit lower, and the reason being is that the wavetrend after coming up briefly is beginning to come back down, we have a strong curl currently in play and we are beginning to come back down, i personally think we could see something similar to what i have drawn out, a W shaped recovery, we will need to come back down to the buy zone where then we get a bounce and begin the road to recovery. Overall all of these different factors play into the same outlook i have on BTC and the market, everything confirms a little bit further for the drop before having a strong recovery! NOT FINANCIAL ADVICE JUST MY OPINION!
BITFINEX:BTCUSDShort
by JacobR905
2
BITCOIN WEEKLY UPDATEWhat's up everyone! 😃 In this video I want to follow up on my very last post where i spoke about different Moving Averages on the weekly Bitcoin chart. In addition I want to talk about different TF's and indicators. I hope you enjoyed the video, and If the post was worth your time, any ♥ in the form of engagement, follows and feedback would be very much appreciated, and motivates me to keep posting! In case you guys missed last weeks video, watch it here 👇: Happy Trading! ✌❤📈
by DeFeye
BITCOIN Watch out for the MA's!!What's up everyone! 😃 Here I want to look closely at the MA 20 and the MA 25 on the weekly chart. As we can see they are moving towards another, which is a very dangerous sign. If they would be to cross it could be the end for any hope in a bullish reversal. I drew an orange circle around the area where the MA 25 was above the MA 20 on the weekly chart the very last time, and as we can see we ralied from then on. I also circled in orange where we are right now, and as you can see, it's looking dangerous. When it comes to the H&S pattern which i've been talking about since early in december, we almost had another crossing of the MA's but BTC started to rally and the MA 20 stayed Above the MA 25 instead. Also marked with another orang ecircle, you can see that this happened at a very similar moment, Right after completing the right shoulder and right before rallying. So if BTC repeats recent history, a rally could be near, if the MA's cross however, it's not looking good. The other MA's or moving averages of the EMA RIbbon, BTC closed below on the weekly for the first time in a very long time also. I spoke about that in MY VIDEO🎬 from last week: I will go into more detail about THE FUTURE OF BITCOIN on different charts in my UPCOMING VIDEO 🎬, so look out for the MA 20 and 25 on the weekly chart BUT also for THE video 😁😉 If the post was worth your time guys, any ♥ in the form of engagement, follows and feedback are very much appreciated! Happy Trading! ✌❤📈
by DeFeye
2
BTC/USDT 1HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends as I told in the previous chat of BTC that BTC goes up from here then it will be right which is going up and now we believe that BTC can go up to 49500k or even above BTC is forming 1 hour cup and handle pattern and triangle pattern is also visible from yellow train line This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
6
BTC/USDT 1HOUR UPDATE Welcome to this quick BTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends as I told in the previous chat of BTC that BTC goes up from here then it will be right which is going up and now we believe that BTC can go up to 49500k or even above This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
Long
by CryptoSanders9563
BTC/USDT 1HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends as I told in the previous chat of btc that btc goes up from here then it will be right which is going up and now we believe that btc can go up to 45700k or even above This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
I predicted the latest MMCrypto chart A MONTH AGO!!!Hey guys, my post from a couple of days ago was deleted because I broke the code and dropped my social info here. Didn't know that wasn't allowed, so my apologies! So here it goes, Chris from MMCrypto said a couple of days ago that his PA passed him this chart, wonder what the PA"s job description is 😂😂 But anyways, this post below was from Dec. 15 where I called the exact top and current bottom of 40k-37k. I've been posting about this pattern and price ranges even beforehand and ever since, never changed my opinion, unlike... 😂🤐 (love that on here we can't edit or delete our posts 15 minutes after we posted 😉) Chris just posted it TWO DAYS AGO, and now says it's the pattern that helped him predict a bunch of stuff🤔 Just wanted to say, watch who you get your information from, some guys are good at packing 10 different predictions into one sentence. 😂
by DeFeye
2
BITCOIN getting slapped and rejected!Everytime BTC tries to break a neckline.... Lets see if we can get above 43.8k maybe a retest of the channel before, or we could fall back in and thest the bottom resistance of the channel and the horizontal supports. Find the support levels here: f you like my posts, any ❤ in the form of likes, shares, feedback & comments is very much appreciated! If you want to stay up to date with my ideas 💡, hit the subscribe button! Happy Trading! ✌❤📈
by DeFeye
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends but it has bounced thrice from the bottom and the bottom is now broken below the triple bottom break I think btc could come down a bit more from here, around 40500k, 37700k And if the btc bounce from here then there's good news for all of us This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563