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Btcforecast

BTC/USD: A Christmas Weekend Study FUNDAMENTAL BACK-DROP *Imho, if there was ever a time to expect fireworks, it's right now. *Weekend trading session for the next ~2 days. Institutions and majority of players are offline for Christmas day and/or weekend. Perfect environment for fuckery. *US holidays, and Christmas in particular, are proven to be powerful market events. (Often see pivots in price/sentiment through these windows). *"Buy when it snows, sell when it goes." - it's that time of year! **Recent CME event (listing ETH micro futures ) on Dec. 6 **Positive reaction from most recent FOMC meeting on Dec. 15 **Recent full moon phase change on Dec. 20 LOWER-TIME-FRAME TECHNICAL ANALYSIS *Structurally, price is trading within a megaphone pattern (making higher highs and lower lows). This implies high volatility in both directions until the megaphone is resolved. *Certainly trading against some key highs right now (top end of the range). In good shorting/selling location right now for people who think this rally into Christmas is bulslhit. HIGHER-TIME-FRAME TECHNICAL CONTEXT *Price is coming awfully close to triggering a major double bottom , drawn off the 1D chart. (The counter-trend rally high following Dec. 4 liquidation cascade). *$51,995 is the level to watch. I'm officially "uber-bull" if we start closing above this level. *Bullish momentum divergence confirmed ( MACD ) and continuing to build on the 1D chart. -- LIKE THE ANALYSIS? Send me a DM . I'd like to build a community of half decent traders and technicians.
COINBASE:BTCUSD
by bitflip01
1
BTC CME FUTURES FALLING WEDGE PLAYING OUT!!!Bitcoin has had a beautiful breakout to the upside of this falling wedge i was talking about last time, previously we saw 2 other falling wedges with the exact same setup as we currently have, a breakout to the upside of these wedges lead to some serious price action of about 60% gains. Due to the market correcting pretty heavily over the past month i expect this falling wedge to play out the same as the previous ones, could be a little conservative on this price predicition but i think the 80K mark is very doable by the end of this pattern playing out. a big confirmation that we need is a push up and above the midline on the bollinger bands with a daily close above, aswell as a daily close above of this wedge but thats looking like its going to happen today regardless. Looking at our last run up we saw a big climb up the top band on the BB's and thats exactly what im thinking is going to happen once we move further up, a break of the midline opens the door for that climb up! A look at our wavetrend we have bottomed out in the buy zone and check out the last time we had a bottom out at this level, right before we had the first run up from the falling wedge the wavetrend bottomed out and we haven't seen that since until now! We are getting a nice curved reversal and keep and mind that this indicator makes smooth transitions rather than jagged reversals and judging just off the recent bottom we had and the beautiful reversal we are currently seeing i think we are due for a masssive run to the upside! Not financial advice just my opinion!
CME:BTC1!Long
by JacobR905
2
BTC Ready To Move Up!Bitcoin has been moving pretty nicely the past few days, we are pushing up and above the midline on the bollinger bands and its looking like we are gonna get a for sure close above here which is a bullish sign and we are approaching the 51K level, if we can get a push up and above here and get a daily close at some point we are going to be really looking good! Another great thing if we closed up and above the 51K is that we would end up directly ontop of that top band on the bollinger bands, this i personally think will spark a massive run to the upside and bring us some much needed momentum. on the MACD we just recently had a bullish cross and we are looking great, seeing growing separation which is perfect, it lessens the chance of us having a near term bearish cross and also gives us some breathing room, what i mean by that is we can afford to have a down day or two without triggering a bearish cross. the wavetrend has seemed to bottom out in the buy zone and we are now starting the push back upwards, due to us being way down in the buy zone for quite awhile i think its pretty likely we are going to see very bullish wave going forward, likely an extended bullish wave before resetting with a small dip, on everything we got a ton of room to move to the upside and i think we are getting set for our next leg up in this bullrun! Not financial advice just my opinion!
COINBASE: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. btc update told in the previous chart it could jump from $46000 to $49500 as it happened now I think btc will test again on 21ma from here to $47500 and from here btc from 58k to 65k again Could jump to 85k, take new all-time high Thank you 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
BTCUSDT 1D When can and should go long?A lot of inquiries came from you about what's going on with Bitcoin and altcoins right now? , so we'll write a few words with our thoughts and try to answer them. Constructive dialogue is also welcome in the comments under the idea. This idea will be a complement to our recent BTCUSDT idea with the title: "This is what it takes to start the alt season" So, this idea is on, only a few remarks to it will be written below: 1. Sellers may try to hit the stops below $45300 today, but at all $45000 is a good wall to buy. 2. If they break $45000 down, the price of BTCUSD may fall to $43000 on torn down stops, but without updating the previous low below $42000. In such a situation, the green fractal may begin to work out, and with it the minimal, but still the alt-season will begin. 3. Below $42000 there will be a lot of negativity, and consequently the targets for the fall in the area of $32000. More detailed thoughts on this scenario are described in the idea below: To sum it up: today/tomorrow, you have to be extremely careful watching the price behavior near the critical levels we mentioned above to make the right trading _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
61
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.. BTC update told in the previous chat it can bounce from 46k to 49500 as it happened now i think btc can come to 48000 from here to test again on 21ma which is back a 50k then 51k Thank You 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
BTC CME FUTURES FALLING WEDGE PATTERNS!Taking a look at our Futures for BTC i have noticed something very very similar, a continues set of falling wedges where once we breakout to the upside its explosive and can lead to huge gains. Basically this TA in my opinion shows us how valid the "bullrun" still is, and as ive said before and ill say again, i personally think we are still in a strong bull market, my thoughts are that this recent crash has been a big shakeout putting fear into retail investors and making them doubt about still being in a bullrun, another thought is that exchanges, whales, big money are liquidating overleveraged longs across the board. Lastly in the background i believe there has been massive accumulation going on coming from big money and strong hands, you can see it very clearly on Ethereum, we had a 3 week period of sideways movement and usually the case with that is accumulation and buying going on. Some really key support levels are the S2 at aprx 44.5K, 42-41K and finally the crucial support level of 40K, i would say anything above 40K we are still in a strong bullrun, but i breakdown and a good bit below 40K i would start getting a little worried and where personally i would start to think the bullruns coming to an end. Some key resistance levels are 50K and 51K which we are currently facing right now, ideally we want to break up above and close a couple days above here, the top of the falling wedge is also key too and something we need to breakout of to ignite another massive run. Each time we saw this bullish falling wedge pattern with a upside breakout we saw aprx a 60% move to the upside without much trouble at all, now if we give our current falling wedge the same price increase off of the breakout we are looking at 80K, which is a very doable target i would say, never underestimate the momentum in a bullrun and certainly don't underestimate the power of FOMO, something that drove a good portion of the 2017-18 bullrun. Heres a good example or scenario that is very realistic, say due to this massive shakeout/correction tons and tons of weak hands and newer crypto investors sold thinking maybe this was the end of the cycle, now think about if we started to see a breakout and gaining massive momentum, they are going to get really emotional and feel like they are loosing out, in turn most or all of them jump back into the market at a rapid pace hoping to regain some of the money they may have lost. Then aswell as people who have been on the fence for crypto investing, they see that we are making some massive moves and they also don't want to miss the boat so they all start hopping in! Sounds like a recipe for a huge momentum run and the possibility of a blowoff top! Not financial advice just my opinion!
CME:BTC1!Long
by JacobR905
BTC pump or trap?On my last analysis I predicted BTC to $42,000. it fell down into the channel and then seem to reverse. If you look closely. An head shoulder pattern formed recently, its an ugly one and not particularly textboo definition, but H&S regardless. I do not regard this pump out of the channel a bullish reversal until we close above the right shoulder. Only that will invalidate the downtrend (by forming an Higher high) and the ugly H&S shoulder as well, till then though I leave my mind open and free from prejudice, I lean towards the bears and call this a trap.
by perrysnipes
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. Let me tell you guys that once btc went close to 46k it jumped from there to 51900 then came 46k and I think from here btc once bounced to at least 49k to 50k this is for today 4 and I am going to update it from our side to all of you friends. 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 Update!Looking at BTC we have been stuck in this downtrend for a few weeks now and a couple bottoms could be in sight, the Fed tapering news could be playing into this for sure and aswell as the evergrande defult, seems like everytime we start making some progress some form of news pops up lol. personally i think we are seeing big time accumulation phase going on in the background, remember the market gets very greedy quickly and usually results in a correction/fear. Its very hard to point out a direction just because how volatile the market currently is, we have a couple different scenarios to go over. First of all know one knows exactly, but in my eyes this would be a perfect bear trap, reason being is because we just saw a 9 day phase where we we're bouncing inbetween 51.2K - 46.9K also shown by the significant level (blue turned orange rectangle ) Bear traps are meant to fakeout the bears with a "significant" breakout just to rebound to the upside stopping many traders out. The second scenario would be a continued fall to the 0.3FIB as our first level of major support where a bounce is possible, next we have 42.7K level which isn't as strong and then our next significant support in the 40K range. Lets look at the RSI, we are in a little uptrend but more of a bounce and travelling up our support line there are clear areas of resistance above us and its going to take a good push to get back over that key level that is, the midline, we want to see a strong push up and above here and hold to get back in a confirmed uptrend. Lastly the Stoch RSI, in a pair with the regular RSI the Stoch is indicating a possible bearish cross here which could pull things down along with it, wouldn't be super bad we still have a ways to go before the 0.3 FIB level where it does give us that chance for a bounce, not financial advice just my opinion!
COINBASE:BTCUSD
by JacobR905