Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 21651 (stop at 21097)
Trading volume is increasing.
A break of resistance at 21630 should lead to a more aggressive move higher towards 22000.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 22877 and 23177
Resistance: 21630 / 22000 / 22500
Support: 21000 / 20600 / 20250
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Btcusdforecast
BTC Price Analysis SHORT !! ??Hello to all traders out there!
Here's a BTC in a short situation in my personal opinion.
So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL.
If we end up breaking that support we might head on down to test the 19126 LVL.
If that breaks.. we will go down and test the 18795 LVL.
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
BTCUSD: Best Short Position to touch 18180$Hello to all . Considering that wave x is happening, for the three waves of wave a, which is exactly on the fibo line of 1.618 of the first wave, it is possible to expect correction up to the following two values, so according to the strata you have, you can have a good selling position on it. had be profitable
BITCOIN: IN NEED OF CORRECTION. BTC update:
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at $21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to $18k and then a strong rally breaking the $21.5k resistance.
Thank you for reading. Trade safely.
Bitcoin- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg up.
Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k.
However, from a speculator's point of view, a buy here is not making sense from a risk perspective
In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
Bitcoin Analysis 14.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC massive historical supportBTC / USD
BTC finally hit 200W MA that I mentioned alot before
In past these dynamic supports are always around ultimate bottom of bear market
We can also accept a flash crash /wick to hit 300W MA (around 16k) but the important thing the weekly close to be above 200w ( 22.5k)
WEEKLY RSI :
Another important thing i want to show you is WEEKLY RSI :
we are currently setting around the level of bear market bottoms (since 2015 ! ), see here :
WHAT TO DO ?
1– For investors/long term traders :
you can start DCA from here
2– For short term / med term traders :
I advice to wait more bullish signals before entering market
Best of wishes
INVESTIGATING THE DESTINY OF THE CRYPTO MARKET!Hello
I am at your service with a special post of cryptocurrency market review. We are going to examine some very important factors of this market together and reach a favorable final conclusion.
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1. Total
The Total index is known as the general index of the crypto market that should be checked and as you can see, it has reached an important return range and we are witnessing a suitable reaction.
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2. USDT.D
This index actually shows the amount of dominance of tether in the crypto market, which is currently showing good signs of decline. Considering the negative effect of this index on the market, it promises the favorable growth of the market.
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3. DXY
One of the most important and fundamental indices that has a wide impact on all international markets is the DXY dollar index. I analyzed this chart professionally and came to the conclusion that a strong downward step is taking place for this indicator. This is while the US has stopped its harmful contraction policy on this market, which is a confirmation of this scenario.
The noteworthy point here is that the behavior of this index during the last decade was exactly opposite to the behavior of the market. As a result, the fall of DXY is another valid confirmation that confirms the market's rising scenario.
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*Conclusion:
By examining and studying these indicators, which are only a part of the important economic indicators, we find that The last days of this major market correction are numbered and this creates a great opportunity for us to use this information for capital growth. Use yourself and progress. An opportunity that may not come to us again!
Bitcoin- Traders should be careful with buy trades nowPretty quickly my target of 21k was reached and, as explained on Monday's post, my trade closed in TP with 1:4 R:R.
My optimism from now on is very reserved though... Indeed, we have a higher low in place and Bitcoin is well above 18k support, however, the last 3 days are marked by an almost 20% rise and a correction could follow soon.
Technically speaking, above 21k is the resistance zone and from this zone, a correction could start.
Looking at a 1-hour chart we can see a small consolidation that resembles a small pennant, so a new high is not out of the question, but, as I said, if you are not scalping the market, in my opinion, is not worth the risk of a buy trade.
In conclusion, I will look to buy around 19k and if is not dropping there it can go "to the moon" without me:)
BITCOIN SURPASS THE RESISTANCE.Hello traders, here's a quick update on BTC in 8 hours timeframe.
BTC surpassed the resistance trendline in this 8-hour TF. This recent rally fulfilled our initial target of $19k. The breakout above the resistance trendline looks pretty good but we can't avoid the RSI level. The RSI is highly overbought and anytime soon it may drop. Things look pretty interesting but better be careful cause in the higher timeframe if BTC doesn't break above $19k then we may witness one last drop in BTC and then the actual rally.
What is your opinion on the recent BTC rally? Let me know in the comments below.
Thank you for reading.
Trade safely.
🔥Bitcoin BTC price will depend on the US CPI released today👇Today, we will consider what prospects for the movement of the BTCUSDT price and the crypto market, in general, can be expected in the near future.
Let's start with a spoiler: "Today there will be increased volatility in all markets"
Today, on 12.01.23, the US CPI will be announced, which will tell everyone with what level of inflation the US closed 2022.
The last indicator was 7.1%, and the forecast for today is 6.5%.
And although these data are still far from the "ideal" of 2% announced by the Fed, but the dynamics to decrease are present.
The following can be assumed:
1. if annual inflation will be 6.5%-6.4%-... that is, equal to or lower than forecasted, then it is very likely to expect growth in all markets SP 500, cryptocurrency, and others.
2. if they announce 6.6% and higher, it is very likely that the markets will again capture the pessimistic mood
Today's growth of the BTCUSDT price stopped before the high of 14.12.22, probably a certain number of shorts' stops are hidden behind it.
Increased volatility and positive inflation dynamics can easily break these stops and accelerate the price of BTC to $19000. Above is the trend line, breaking through it will mean continued growth to $20,000
If you look globally, then in our opinion, the growth trend is just emerging.
On the other hand, the markets have been in a downtrend for a very long time and new and aggressive buyers are not very noticeable in the markets. Therefore, if "something goes wrong" with inflation, as predicted and expected, asset prices may go again, at least for correction.
The option of a continuation of the BTCUSD price correction in a narrow range until the end of January fits nicely into the fractal price movement that we published and described here:
And already on 01.02.2023, a new FOMC meeting, where the "fresh" Fed rate will be announced
This can push the financial markets in the "right" direction.
We keep our fingers crossed 🤞 that now the growth trend is just emerging and the most interesting is yet to come.
By the way, over the past 2 weeks, the capitalization of the cryptocurrency market has gained "fat" +/-100 billion, more than + 10%, not a bad result, which has not been for a long time.
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Bitcoin price bottom reached? Then target for growth is $355000Today our main goal is to inspire you with positive thinking, because there is too much negativity in the market.
Therefore, immediately a spoiler: "who will not give up and stay in the cryptocurrency market, they will be happy in the future"
To begin with, the current fall of the cryptocurrency market is directly linked to the possible bankruptcy of FTX.
But not everything is clear, there are many backstage games and such problems do not arise and are not solved in a few days. Yesterday Binance wanted to buy FTX, but now it does not. There is hope that next week Justin Sun will inject its own liquidity and save FTX. In general, we started to keep a chronology of events around FTX on the FTTUSDT chart back on 07.11, when the price was $22.6, if you are interested, we invite you to read:
To summarize, the FTX liquidity gap is currently estimated at $8bn, only the theft of BTC from MT.Gox in 2014 at the current price of +/- $11bn was bigger. This is if we compare the problems of crypto exchanges, which at one time occupied 2-3 places in the top.
Here is the BTCUSD chart since 2012. On this chart, we depicted parabolic arcs accompanying the growth and correction of the Bitcoin price from the beginning of trading and into the future.
The red arc shows the limits of critical falls
The blue arc shows the boundary of historical highs.
The range between the yellow and red arcs indicates critical purchases by "big money" while small and medium deposits sell their assets due to "bad news"
Above the yellow arc, the growth trend is gaining a natural character.
After breaking through and fixing the price above the light green arc, the growth trend accelerates. Also, the range between the light green and blue arcs can be called a "healthy environment for the Alt-season"
Why do we think that the bottom, if not already was, is very close?
Below we will present you some of our ideas that we published during the last 2 years. Not to brag or anything like that, but to show that in different periods of the market, calculations, patterns, or fractals have suggested +/- the same range of potential "bottom" in the future.
Publication from 28.02.2021
If you re-read the idea and turn on the workout, you will see that the target of the drop was $12000. However, this fall has shifted in time, and now the price of BTCUSDT is at the marginal support of dynamic Fibo levels.
Publication from 19.10.2021
The assumption was the formation of the "Double Top" reversal pattern. The range of working out of this pattern is from $63k to $12-16k
Publication from 25.01.2022
The growth was stopped by sellers at the critical point of $44500 and finally broke through the parabolic growth trend. The possible range of BTC price drop is $12-14k
Publication from 08.05.2022 with a screaming name that the apocalypse in the cryptocurrency market is possible if the "Head and Shoulders" pattern begins to work out
Unfortunately for most crypto enthusiasts, this pattern has already started its development. The target of this pattern is above $14900, the current low of $15500 is very close and the statistical error has not been canceled.
Of course, only you can evaluate the development of ideas, we are ready for constructive criticism in comments under this idea.
Let's move on.
The Bitcoin price chart clearly shows one interesting pattern.
Previously, there was already "BTC halving" 3 times. And it turns out that "the halving" was exactly in the middle between the absolute bottom and the absolute maximum of the current trend price movement.
It happened in 2012, 2016, and 2020, just check it on the chart.
The next halving is projected for early April 2024 (it may fluctuate +/- a few weeks depending on the BTC mining capacity involved)
So if we compare all the facts and assumptions based on this chart, we can come to the following conclusion:
- "The absolute bottom of the current trend may occur in the coming days/weeks, if not already was, in the range of $14-16k.
According to our calculations and assumptions, the potential for BTCUSDT price growth is up to $355-360k . In terms of time, such a goal can be achieved no earlier than autumn 2025.
If you liked our visualization and description of the chart: like it and write a comment under the idea. In this case, you will be subscribed to the idea, will receive updates on our thoughts on it, and will also be able to track the development for the next three years.
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BITCOIN WEEKLY UPDATE: BULL RUN IS AROUND THE CORNERGreetings, traders. It has been a good new year start with BTC moving up and good gains in the altcoins lately.
Note: This is an important update so do read it till the very end. It will be much better if can spare your valuable time to read this update.
Today, I want to share with you all a thorough analysis of bitcoin and where the price is going to head next.
Highlight: It has been a long 420 days of a bear market ever since BTC hit the new all time high. Things have been pretty rough but that's part of the game. In a shorter timeframe, BTC has broken above the $17k resistance line which is good for the market.
Weekly Analysis: In the weekly timeframe, BTC is resting under the support and resistance horizontal line. These two lines are going to be crucial for BTC and the entire market. The resistance is based on 2017 all time high and the support line is based on the 2019 high.
Now, the supporting trendline (in white) shows how BTC has maintained it and BTC actually started rallying right after it hit the lower trendline. The resistance trendline shows the next bull run target for BTC which is beyond the $100k target.
The RSI is at the oversold range which shows a positive indication of a massive rally coming soon.
Bull Run: I believe the bull run is around the corner but before we see a rally, we may witness one last drop. From the current price, BTC can reach up to $18k to $19k, and then it may take drop back to $15k or below it. With such bullish hype in the market, things look skeptical and it could head in any direction. But one thing is clear if BTC has to drop then the support level will be between $13.9k and $14k, and if BTC has to rally then it must surpass the resistance of $19.9k to $20k.
Key points:
1. Support level: $13.9k or $14k.
2. Resistance level: $19.9k to $20k.
3. Entire social showing bullish news (which could be a trap).
4. RSI indicates a bullish rally.
I hope this update was helpful. Do like, share, and comment to show support for our community.
Thank you so much and trade safely.
BTC Long term 4 year cycle trend in trouble Bitcoin is ready for a longer term Bear market. After a being in an uptrend or it entire existence on a macro look. On the other side, Bitcoin is looking like it did right before the Nov 2018 before the dump to my green moving average @ 3150ish filling about 50% of the measured move. The current measured move has a target around 15K.
Bitcoin Analysis 09.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: