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Btcforecasting

BTC LOOKING TO RETRACE TO SUPPORT AT 29K,THEN MOON TO 79KLooking at the technical analysis of BTC/USD, I Came up with two ideas about the whole current situation, a few months ago,I analyzed this crash we are currently in, and the link is here : and on the analysis the idea was that it was going to dip up to 14K area, that idea is in action, but I see a new potential support area at 29K which can make it hard for BTC to break below: Here's what I will be looking at when it gets to 29K : A return candle/ Reversal candle It failing to break below Forming a strong support Decreased momentum If any of this show up, I am buying more at the lowest point, adding also some altcoins, anyone who sees this, I wish you all the best if you decide to take this, but this is not financial advice.
COINBASE:BTCUSDLong
by UnknownUnicorn3740956
Bitcoin Prediction: Future Of Bitcoin: Is BTC In Trouble?Bitcoin Prediction: The Future Of Bitcoin: Is Bitcoin (BTC) In Trouble? No! Situations across the globe ( rumours of wars, politics, frenemies of crypto) might be taking a toll on BTC but you can be rest assured: he who laugh last, laugh best! These 3 scenarioos indicated in my chart could play out pretty well - I can almost guarantee it? but Naaah! what do I know? :) Follow the curves - do your own due diligence, trade safe. Happy trading y'all
BITSTAMP:BTCUSD
by DR.
2
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart Hello friend As per the current scenario BTC may come down to $40500k which may come to $39450k as we know this is a lower support zone and in the 4HR time frame, BTC is forming a flagging pattern. Then the power can come $38800k whenever btc is some good update i will accept as soon as possible. Thanks for connecting with us stay tuned like comment and share to get latest updates Sorry for my English it is not my native language. thank you.
by CryptoSanders9563
4
BTC/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in the previous chart, BTC may reverse from here BTC has bounced to 21ma which can only come once for 21ma retest and BTC retest confirms Done thanks As I mentioned, btc has bounced from here and it has pumped altcoins in USD pair as well.😊😊😊 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
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 chart that btc may bounce from here now btc bounced but I think the 42k break may be back, if 42k bounced then this bounce bitcoin is ready again all the time for high 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
What if BTC went to $10k-13k, bounced and went to $100k? An ideaHere's a longer term idea I'm playing around with and my reasoning for it: When price broke $13k, it tested it 3 times prior to breaking through resistance and on higher time frames, never retested the level as support. On top of that, price rose really quickly after breaking out, unlike the normal start to a bull run where price rises slowly and then accelerates towards the peak. Because of that, I could see price coming back to test the $10k-13k supports sometime this year before resuming the bull run. What also leads me to believe that this is a possibility is that the charts of other major crypto currencies like LTC, ZEC, etc., also look to me like they want to correct to the mid double digit ranges which makes me believe that Bitcoin would need to fall much lower for that to happen. This is just an idea for now, but I think the probability of it playing out gets greater if BTC can gets under $25k at any point.
BITSTAMP:BTCUSDShort
by benjihyam
WILL IT HOLD? IMPORTANT LEVEL FOR BITCOINBitcoin started bearish into the first week of 2022 The price has moved sideways during the Weekend and hasn't shown either a bullish or bearish strength. We are currently facing a significant level for bitcoin between 40k - 41k (green zone). The support zone has shown strength and has been a fundamental level since January 2021. Possible scenarios Price pulls back to 45/46k ish crosses that resistance level and trades back up to the low 50s. Price pulls back to 45/46k ish and gets rejected. Price will then try to break the major support zone again and will likely breakthrough. Price keeps trading sideways until Wednesday and then crushes in a fast market move through the support level due to the consumer price index. My Opinion If we see some early strength on Monday, I will stand by until we approach the 45/46k ish level and try to short from there. If we see a sideways continuation, I will place short positions on the top side of the channel and prepare myself for the breakthrough on Wednesday.
Short
by qrDanielqr
2
BTC Long Term + Short Term AnalysisLonger-Term (4Hr) As you can see, from beginning of nov to end of dec, btc was trading in a channel and on the 23rd, it broke out. A week later, on the 31st, we got a “textbook retest” on the channel and have since barely gotten any upside. Therefore, I propose that this bullish movement is only getting started. Shorter-Term (1 Hr) On the shorter time frames I am noticing a few things. For starters, I see there being a diamond forming, with btc in the final 20% of the diamond. Secondly, this may be an inverse head and shoulders with both shoulders being around 46,200 on average, and the head being at 45,500. One other way of seeing this chart would be that we have experienced a double bottom; the first bottom being the left shoulder, and the second bottom being the head. In conclusion, btcusd seems bullish on the 1 hr and 4hr time frames. Thank you.
BITSTAMP:BTCUSDLong
by BannanaTrader
Bitcoin - analysis on 4HRSI , MACD & RVI reached their resistance lines on 4H, therefore, it is safe to expect the price to go down to its TP1 at 57050 USD level. The price may still go up to 59300 USD before or after this correction. The chart shows main channels: the main one is in pink colour, the flat is in black colour that the price recently broke out off and the new potential channel is in green colour. Thereafter, it's best to watch the price action closely. In principle, the price could go all the way up to 65000 USD. However, it needs to stay in this area and bounce off the blue trend line first as a confirmation. Therefore, it would be wise to see how the candle on 4H and 1D closes at the end of today. I am more in favour of the price going down to TP2 at 55600 USD, followed back by a small correction and then proceeding with a dump to 50500 USD. Let's see how it plays out.
Short
by WallStreetFox
5
Bitcoin and Ethereum - what to expect in 2022?Logarithmic TA on 1W shows that the price has already exited the rising green wedge. The price is currently wandering within a second ascending wedge in pink colour. Once the price breaks out of the wedge, it should be expected to go down in proportion to the height of the wedge (thick line shown in purple colour). In support, RSI & MACD show divergence in relation to the rising price. RVI has already broken through 50 - which is the first sell signal. Vertical volumes also continue to fall while the price rises. I want to emphasize once again that this chart purely demonstrates a position perspective! Locally, on lower time frames, such as 4H, the price will continue to go up and down. Also, I want to point out that ETH has a strong correlation with Bitcoin. Its local movements may differ, but the global trends remain the same. Bitcoin is the defining cryptocurrency! Therefore, the analysis is based on bitcoin! ETH will follow Bitcoin's lead. What about the flight to the moon of 100,000 USD? The main argument for the price to rise is based solely on past cycles. However, this is not much of an analysis as it does not take into account macroeconomics. It's like saying my car has been driving 200 km without a stop and therefore, it should drive another 200 km. No, buddy! You need petrol before you can drive any further. In 2021 bitcoin's price went up as a result of hedging against speeding inflation in US, which from May remained above 5.4% on average. The only way bitcoin's price is going up is if inflation continues to grow towards 10-15% + a few more trillion dollars are invested into bitcoin capitalisation. If inflation starts to slow down or the interest rate is raised, there will be no need to hedge against further inflation and as a result bitcoin price will fall. Yes, it will reach 100,000 USD, but not in the nearest term. How does macroeconomics support the downtrend? 1. The FED has already made adjustments to its monitoring policy. Although the interest rate has not yet been lowered, the volume of purchases of financial assets (bonds) has been reduced, which will serve to slow down inflation. 2. There is a real estate bubble in China. Several large construction companies have already defaulted, and the largest Evergrande is already standing on its last breath. The company's shares collapsed. 3. The energy crisis in Europe is in full swing. 4. A recession is coming. Look at the SP500 index on 1W - the price is already at the peak of the rising wedge. No economic growth in 2022-2023 is to be expected! 5. Tether is not going to save the day by creating and pouring more USDT into the market. With their ongoing law suits for market manipulation, lack of auditing and USDT backed by only 2% cash and about 68% by securities and the remainder backed by thin air - is more likely to take a big hit. 6. Lastly, the bankrupted Mt Got (the largest exchange in the past), having lost a lawsuit, is expected to pay compensation to its depositors in the amount of 180,000 bitcoins. The exact date is not known, but it was stipulated to happen in February-March 2022. Would you allow some guy to get 100,000 USD per bitcoin in compensation only to crash the market? Conclusion I hope I got my message across. The herd is driven by greed while market makers are looking for liquidity. I will provide a more detailed vision of the price movement in my next article. If you are on the same wavelength - put a like, subscribe, comment!
INDEX:BTCUSDShort
by WallStreetFox
7
BTC - 1D - When will the fall end?Hello all. Briefly about the situation on the BTC market On the daily timeframe we can see that BTC price is approaching the main critical point , where the correction can end. Earlier in our video we posted two scenarios of events in the BTC market. Because buyers failed to hold the $58000-6000 0 range, the main scenario remains a test of the $52000-53000 range. This range is currently below the buyers' global trend line. However, in our opinion, most of the investors' stop orders are just below that trend line. If the buyers are planning to start a powerful wave of growth with a high probability, we will see a false-breaking of the lower trendline on heavy volumes, but the daily candlestick should hold in the range of $52000-53000. This will be a powerful signal for the reversal of the entire cryptocurrency market. If you analyze the trading volumes , you can see from the delta that sellers are starting to make more and more efforts to push the price down. Buyers are responding to this and are constantly organizing bounces. This is a signal for a market reversal . In addition, we see that other altcoins are not falling much. Some are even rising. Everyone is waiting for the correction to be completed to start a new growth wave. We are busy picking altcoins in the medium term. __________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
60
Bitcoin - technical analysis on 4HThis is TA based on 4H. I see two path options for the price action. 1. The price will follow the path in purple colour. Provided that it breaks the upper descending resistance line in pink colour and then bounces off it (use 15M for this confirmation), then we have a formation of the local H&S in purple colour and the price is likely to go towards the green rectangle area around 64500-65000 USD. This area represents a resistance based on horizontal volumes. Also, this will be the top point for the right shoulder formation of the global H&S in black colour. This is a good place to go short on 1D - where price may drop to its correction level of 50500-47000 USD. This option seems more logical, a perfect trap for hodlers and bulls, however, it is still a speculation. 2. If the price does not break the pink resistance line and drops below 55300 USD, then the path in light blue colour is most plausible.
by WallStreetFox
Bitcoin sees a strong buying pressure with Dominance increased!So, if you have been following my ideas on TradingView, you'll know that I have published an idea showing the potential moves for BTC in the short term and you can see that BTC price action broke out and started its upward momentum, crossing the $50k mark! Currently, although BTC sell-off was started before the weekly candle closing but immediate buying pressure indicates buying confidence in the market. The last major resistance between BTC's current price and new ATH is a region of $57000-$60400. A rejection from this area can start a huge sell-off movement of price action of Bitcoin till the previously acting major resistance (now a support) around $50000. Technical Indicators are turning bearish and are not validating BTC bullish price action. To cool them down, BTC will show some bearish movement or will move sideways for days. There is one important thing which needs the attention is that BTC Dominance has increased so fast that Altcoins just seems to get paralyzed while Bitcoin moves up. This can also be the indication to stay cautious because with BTC.D increased, if BTC price starts strong downward movement, Altcoins will dump hard! Trade Safe! Muneeb.
BITSTAMP:BTCUSD
by syedmuneebali
2
Will BTC retest the supports BEFORE breaking out?I just shared an idea that if BTC closes the daily candles above the ascending triangle, it might pass the resistances above, and create a new ATH! (you can see in my profile) but if the future daily candles don't pass the resistances (that I believe it's more possible), it might need to retest the supports or even retest the bottom line of the triangle so what to do now? first, believe that there's always uncertainty in the market, no one can always predict where the market goes! if you're just holding, you can buy more on supports, the pattern is still bullish don't panic if the price goes down a bit it you're a trader, you should short it by finding weakness on resistances, and then long it on supports there's much excitement in the market, stay away from FUD and FOMO stay away from high leverages and long time trades wish you the best, let me know what you think ;)
by UnknownUnicorn10812203
BTC Pullback in Sight!!?BTC bulls are clearly loosing some strength and momentum here after failing to breakthrough the 50k level at the 0.2 FIB, we poked a wick above here slightly but it was not enough! we had a nice close yesterday with us slightly above the R2 resistance but couldn't keep the momentum going, now we are seeing a darth maul candle as i like to call it and aswell known as a transition candle! I think at this point we are due for a little bit of downside like i have been talking about previously, i think likely we could see anywhere from -18% to -24% as shown on the rectangles, keep in mind these are drawn and measured from the top wick above 50K so the pullbacks could be slightly less if we look at it from today forward. The wave trend has been chilling up in the sell area (top zone) for quite some time now and we are just starting to see a curl slightly pointing to the downside! We could see a sort of reset for our indicators hopefully looking at a potential drop to the bottom of the wavetrend before we start heading back up! Also the MACD has been moving very very flat recently and we are not seeing nearly enough momentum, we notice the MA's are in and out of bull and bear crosses moving flat and unpredictable, this is where i think a bear cross and pullback are going to come into play. The histogram doesn't really look good at all we are seeing tiny flat green candles which followed by the same sort of red candles, we are seeing no growth in our bars this MACD cycle and is a clear sign of momentum slowing way down! Im personally really hoping we see this pullback/dip i think its going to provide a very nice buying opportunity and a possible great long entry, will be looking to add to my bags if we see something like this play out! Not financial advice just my opinion!
COINBASE:BTCUSDShort
by JacobR905
1
BITCOIN BEARISH PATTERN NOW CONFIRMED - 06/17/2021I am long BTC/COINBASE all in. Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks! The reason this is bearish: The rising wedge had a bearish breakout as plotted The $37,500 has been mild support on this breakout More fud has been coming out against BTC/Crypto The death cross has recently happened where the 50 day MA crossed under the 200 day MA signaling bearish trend This is most likely to consolidate in the $36,800 area if the mild support is broken before indicating a bearish or bullish breakout If the bearish trend continues past $36,800 then the next move down can be to the $34,800 range Where things can go bullish: A breakout of this falling wedge to the north side can cause the next price to hit $38,500 range Elon Musk tweet seems to still be positive catalysts More countries adopting BTC as legal tender Sudden spike in inflation (less likely as the Fed meeting recently confirmed this) SEC approving Crypto ETF BTC Adoption Short sellers covering their position (currently high amount)
BITSTAMP:BTCUSDLong
by youroptionsguy
BITCOIN BULLISH PATTERN STILL STRONG - 06/17/2021Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks! The reason this is still bullish: We had a golden cross plotted We are still in the rising wedge We bounced off the wedge and closed above $39k indicating a reversal We have a mild support around $38,600 were we consolidated around couple hours Currently we are still above $39k a push pass $39.5 would be extremely bullish Where things can go bearish: If we dip below the rising wedge Falling below $38,000 can lead to test the next support at $37,500 area The RSI is getting close to the Overbought range
BITSTAMP:BTCUSDLong
by youroptionsguy
1
BTC Monthly Outlook Still Bullish 52% Gain from Buy ZoneBTC outlook for the month ahead is still very much bullish. Although the sellers have been in control of the market since soaring to a new ATH on 21/02/21, BTC took a sharp retracement as expected at these new level of resistance as well as a new ATHof$58,792 on the Gemini Exchange. As from historic highs we see a lot of profit taking occurring after 3 weeks of setting new constant highs from the previous low of the last push wave which saw BTC setting a high of $42K and then sharply retracing down to $28,787 where we found the previous resistance and also the beginning of the last phase which saw one of the greatest run of Bitcoin in history, reaching the current ATH of $58,792. With the current push phase now over we find ourselves asking how low can we go from here and when do we expect to break past a new ATH. This outlook is based on 2 possible scenarios which could both play out. We have seen the 50% Fibonacci retracement level respected on the last 2 Push phases which both set new ATHs, the first being $42K and latter, the recent high of $58K. As we have seen a strong retracement over the past 7 days back down to the 50% Fibonacci, it may be time for the BTC Bulls to regain control of the market as the current fundamentals point to the 50%-38.2% Fibonacci level of key resistance as well as a point of accumulation for the BTC whales, more importantly the $39,000 mark when looking left at the previous key resistance before the parabolic move to the $58k ATH. With this in mind, from the current levels we could see the price of BTC sink further before the much expected move which could see BTC testing the previous High of $58k and further pushing to the 127.20% Fibonacci extension level setting a new ATH @ $66,953. Scenario 2 would see the current push towards the ATH continue but may face some resistance, and further consolidation expected around $46k-$49k as they are the key Whale Supports towards the upside, so a further retracement could be in play, possibly testing the 50% Fibonacci level, as well as the 50 SMA, with a bounce confirming an explosive move to the upside which could see BTC easily smash past the 127.20% Fib extension level setting new fresh Highs between $67,000-$78,400+ by mid to late March. Use the buy zone indicated to map out your position as a possible 52% gain is achievable from the Buy zone. Stochastics showing an extremely oversold market condition. Happy Trading :)
GEMINI:BTCUSDLong
by CryptocurrencyMagnet
1