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Btctrendprediction

Bitcoin ARE WE CORRECTING DOWN & T0 WHERE ???? Hey Traders I take a quick dive into Bitcoin: currently it appears we are making our way down with some signals from candlesticks such as our lucky hammer which indicates bearish thinking. Question is where do we go from here and can we punch back up or will sink further down to 50K and below ? Must watch Comment, like follow if you liked this video and found it useful or tell me what you think you see will happen with Bitcoin MB Trader
COINBASE:BTCUSDShort
by Mindbloome-Trading
BTC Weekly Analysis - Will the price fall to $25,000?BTC has made contact with the top of the Weekly Bull Channel and has come up against some resistance. In my previous 4HR analysis, I showed the potential for a measured move from the 4HR Bull Channel to the Weekly Bull Channel Resistance, we have reached that price of about $38,000. Where do we go from here? Key Points 1. Bull Channel means we should always be Long. 2. Bitcoin has touched Weekly Channel Resistance 3. Wait for the weekly candle to close below the channel top 4. There is a gap between the current price and 30EMA/200EMA 5. RSI is overbought. A weak indicator on its own but supports #2-#4. Before trading this chart, the weekly candle needs to close tomorrow to confirm whether or not we are breaking out of the bull channel. I remain neutral until we see that result; however, I am slightly more bearish on the price given #2-#5 of the key points. Also refer to my BTC lifetime analysis where I argue that before every new all-time high, BTC touches lifetime support. We have not yet made contact with lifetime support and believe we have one more fall to $20,000-$25,000 before new all-time highs. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
INDEX:BTCUSD
by TraderEngineering
BTC-24 MONTH PRICE EXPECTATIONSHalving History Performance A zoomed in view of yesterdays chart. The chart below illustrates the two prior halving cycles fractals 1 year pre & post the halving date. Whilst past performance is no guarantee of future returns, the chart can help us frame the 24 month period ahead of us and give an idea of reasonable price expectations. Reasonable Price Expectations May 2023 - April 2024: $19,150 to $44,284 (Average $31.7k) May 2024 - April 2025: $28,790 to $86,000 (Average $57.4k)
INDEX:BTCUSDLong
by PukaCharts
Bitcoin trend predictionHello to all, First of all, the market does not have a specific trend and we are definitely facing two possible market trends in the short term. The first path: increase in price to 28,850$ and then reach the price of 32,000$ and return to 28,850$ and then rise to 36,500$. The second path: price drop to 25,285. The important issue is that if any of these two paths are followed, eventually the market will move in the price range of 36,500$ to 25,285$ and this trend will continue until Monday, June 19. Market support will be 22,000$ if the price falls. Be happy and trade wisely! 😊
by Ra-Ro
Important Event Today - Bitcoin Ready To Move On Both sidesBitcoin/4H In a bear flag pattern with low volume With the pattern and volume bitcoin is doing tells us that a BIG move is comin which potentially we could touch the origin of the dump which is around 23.6 consolidate and build more longs , then K-Boom goes down around 20500 ( top of the CME gap) A less potential move is because of more shorts we could legdown a little bit first ~ 22k or 21.7 then it goes all the way back up to 23.6 which in this case the upside should be very intense due to the liquidity to the upside Reminder: As a Trader We should always have levels on both side so we dont miss any moves
BINANCE:BTCUSD.PShort
by pcmonk
1
Bitcoin Catastrophic Move On FOMC DayBTC/1H forming a parallel downwards channel After 3rd touch at 25.2 and jebating everyone with that Ascending Triangle. bitcoin invalidated the triangle and started bleed down slowly to ~24K showing Bears are comin into the market again and bulls are running out of fuel. Please Boost,Comment,Follow if you find this video informative!Really motivates me to do more. There are some buy pressure still which I think bulls can try to push the price back to 24.8 for the last time before a catastrophic move to the downside ~22.4 or even a capitulation candle to 21.1 Detailed explanation with lot more to covered on video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
3
Trend predictionI see there some possibilities to grow but it's only possible after long time side range. My statement mounted on the Wall St. Cheat Sheet chart (mostly) and technical analysis made by my own. I rely on cyclicality of market price moving, and as we can see the price of BTC dropped too much it's also broke the historical support/resistance line (20K) which was psychologically strong. The price of "bottom" (17.6k) wasn't redeemed rapidly in compare with previous "bottom prices". Looking at that I can conclude next: 1. It is not a bottom yet. 2. There is lack of Interest for both of sides but for buyers more. 3. The trend is going to change but still there is no clear vision for it's direction. The Market Cap is low; not strong but signs of recession; The war. The cryptos' isn't something essential for men living thing so better times have to coming, before it grows.
by srh_stk
1
BTC forming Falling Wedge Chart PatternBTCUSDT has been forming a falling wedge chart pattern on the 4h timeframe. Theoretically, falling wedge patterns are bullish patterns and price normally breaks out and above the falling wedge pattern however await price breakout either below or above (and out of) the wedge before entering a short or long position. Price will most likely fall some more before breaking out and above the falling wedge pattern (bullish). Long: Price breaks out and above the wedge Set an appropriate take-take profit (such as $42200) and a stop loss (such as $35000) Short: Price breaks out below the wedge Set an appropriate take-take profit (such as $31000-$29000) and a stop loss (such as $39000)
Long
by danielbil
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
BTC Trend since 2010 Leading up to NovemberI found a fractal on the BTC chart that shows that when there is an uptrend leading to November, there is a strong continuation. This gives me reason to believe that we will see a trend continuation in November 2021 and possibly all the way to the cycle top. Data from 2010: averages tell us what the cycle top might be (See Next Idea - 🚀Bitcoin Cycle Top Fractal 💲110k - 💲286k!!!!? 💵🚀) See the idea on my YouTube channel Link
INDEX:BTCUSDLong
by zartraderguy
BTC: Makaveli🦍& The Bitcoin Bulls,Next TA $68k, But Beware of..Hello!😊, its me the Gorilla Trader again🦍...welcome to Makaveli & The Bitcoin Bulls Technical Analysis. It's easy to make money in a bull market right, but what happens when things starts to slow down? You start experiencing choppy moves, and this moves can get you easily frustrated with trading, considering how volatile the crypto market can get at times. Change can strike at any time but there is always a warning sign that shows you when this will happen like when the bulls force is loosing power. Right Now on btc, The bulls still have strength in them but I do see some signs of weakness building up gradually on the weekly chart so don't see them going far from 68k before a catastrophic Bears thunder strikes them down and here is my reason why..... I see that there is a gap yet to be filled to complete the bulls leg to the sellers line, This gap is most likely around 68k and I do strongly see bulls making another attempt at that 62k resistance but that will not come without a fight from these bears. We see that even though we have a new all time high at 61800, The bulls got rejected and their tails got pulled back down to 54k support area. A quick look at the weekly chart....Lets look at the weekly candlesticks formations, It looks like we have a weekly candle that can change the fate of the bulls, see for yourself... *First observations(Bulls Next Move) I see these bulls will be attempting the 60k to 62k resistance one more time by closing the current weekly candle above the 60k resistance, this will give bulls the force needed to attempt the 68k to 70k sellers line but I doubt that they do have the force needed to make it above this resistance as this will most likely to be a tough crack. It's that simple, the bulls have to hold above my midline(blue line) of the channel to stay relevant or get smack down if they fail to hold up to 54k to 56k support as new home. A deeper look in.... I see that Last week candle tried to breakout of the 60k resistance but got instantly rejected by this current weekly candle, Now this current weekly candle closing will either confirm this 60k breakout or confirm it's rejection. we have two case scenarios that I see that could play out base on the past last big two bar current weekly candle forming Considering the fact that 3 weeks ago, btc gave a two bar bearish reversal candle on weekly chart, this could have strong effect on the trend if this weekly candle currently forming now ends up as a rejection as well. this will be bad for bulls as they will get pushed down as far down as $42k to $38k but we do have some support at 48k up to 52k so this could likely jump in to rescue the bulls. this is what this will look like.. This is absolutely not good as we will see more sideways(consolidation) afterwards....If this happens then this is a sign that we will likely soon be seeing a change in the market structure as we will be seeing bears starts jumping in mass number. For me I already started taking some profit out at 61k so just incase the bulls starts messing up by showing more signs of weakness. Should you be shorting? For me, I won't short just yet until I see a clear change in the market structure on at least 4hrs chart. Currently all that we have been seeing so far are the bulls market structure(Higher Highs and Higher Low) Of which shorting such market will only distract you from chasing the big bags as anyone shorting a clear bull market is likely to get rekt but because its a channel(two sided trading) shorters can escape if you got skills, and if you are not so good at switching positions loosing is easy. what defines a bears market structure is lower low, and Lower highs and this most be printed on a higher time frame to actually affect the market trend negatively. Being too early can cost you lots more than being patient and wait for a clear confirmation of short, I intend switching to the Short side ones Bears starts to leave footprints behind(Bear market structure), on lower timeframe it can only act as a pullback. I do see Bitcoin going back to $16k and that will be the a much perfect short than loosing more trying to be right when the market clearly shows you the otherwise. Supports to WATCH OUT for if these bulls fail to hold the 54k to 56k support: *48k to 46k support *42k to 38k support(major support) Thanks for reading, Like and Subscribe. happy trading.
by MachiavelliTrader
13