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Btcforecast

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
BTCUSD Long Summary: When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish . The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish . Moving onto the daily chart , the trend is over extended remains bearish . We can see some buyers trying to enter the market, with the creation a lower high formed around the 7 and 8 of December. This shows possibility of the trend turning bullish , which would be in line with the trend on the weekly chart, making for some explosive moves to the upside. The target would be in the region of 68 100 dollars. Targets are set using fibs. We only looking to trade about 60 - 65% of the move with a decent risk reward as there is higher probability of our target getting reached. We do not want to stay in trades too long as anything can happen at any time
SAXO:BTCUSDLong
by NDOBObanks
BTC/USDT 1HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. I think btc may be around $51k but looking at btc it looks like it is forming head and shoulders which is a bearish pattern and btc will break head and shoulders from here $41k is a force to be reckoned with. 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
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