Bitcoin Might Have Bottomed Already
Observing sentiment on social media has tought me one thing: Almost everyone is bearish on the cryptomarket, and almost everyone thinks we should go down.
Now, I am not dismissing the possibilty that the price could/should go lower, but I also think that timing the market is not worth it anymore.
Historically speaking, we're at the point where a bottom is in, or a where bottom is near.
Btcusdforecast
BITCOIN: $18K POSSIBLE.Hello guys, welcome to this BTC update in 6 hours timeframe.
For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then $18k is expected. For support, we already have the lower support line at $16.6k.
So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must.
Key points:
1. Expected target: $18k.
2. Invalidation point: Close below $16.6k.
3. Confirmation: Breakout above the blue box.
Thank you for reading.
Stay healthy and trade safely.
BITCOIN: A PUMP TOWARDS $17K.Hey guys, here's a quick update on BTC in 3 hours timeframe.
BTC has been struggling to break through the 21 MA resistance level. The good thing is that BTC is still above the support level and until and unless BTC stays above it, we can expect a jump toward the $17k.
So, I am aiming for $17k in the short term. The invalidation point will be a candle close below the support line. What do you think?
Bitcoin BTCUSDHello Traders,
BITSTAMP:BTCUSD Is facing a lot of bearish pressure.
If you look at the chart the 'last pattern on weekly chart that can give us filtered information is a head & shoulders with neckline test pointing towards the blank box in the 6200-3600 area that could give a push for strong buying.
Thank you all , please leave a comment with your chart and comment with your TA analysis.
Illyrian Finance
BTCUSD January 2023 Volatility Analysis BTCUSD January 2023 Volatility Analysis
Currently the volatility for BTC is at 14.38%, up from 13.56% last month.
From the volatility current percentile we are located on 91th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 9.975%
Bearish : 20.186%
With this in mind we have currently 88.9% that the market is going to stay within the next channel
TOP Limit: 18781
BOT Limit: 14275
If we are going to take a look into the previous monthly high and low points, currently there is a :
35.71% to hit the previous monthly high
50.8% to hit the previous monthly low
Lastly from the technical analysis point of view, currently
Weekly Timeframe : 80% of rating moving averages is indicating BEARISH
Monthly Timeframe : 61.54% of rating moving averages is indicating BEARISH
🎉New Year Gift🎁: Bitcoin Monthly🎉INDEX:BTCUSD
BINANCE:BTCUSDT
COINBASE:BTCUSD
🎄 Happy New Year🎄
I was glad to share my forecasts on crypto and forex in 2022 with you. I hope that my positions were profitable for you.
In 2023, my effort is to deepen my focus on the forex and crypto markets and publish more diverse, and accurate ideas on my page.
As a Christmas Gift, I predict that the current price of Bitcoin is suitable for investment, on the other hand, many of you may be doubtful about the future of this market. If so, Bitcoin in the price range below $14,000 to $11,800 will be suitable for a long-term purchase and investment.
(Although the price may not fall below 14 thousand dollars.)
The best strategy is to buy step-by-step. You can invest in any drop of Bitcoin from the current price to the mentioned levels.
I hope that the new year is full of profit for you and that my analyses would be helpful in this matter
From today, the analysis published on my page will be carried out in the form of these three sections:
Bitcoin Serial Analyses
Gold Serial Analyses
Other Analyses and Profitable Positions
btcusdtbtc is on a range from last 14 days .currently at golden fib important support ,should not be broken or it may come to the retest of 0.786 and secondry test of gartley harmonic .after such consolidation volatality is expected soon .we might see a stoploss hunt to the late shorters .expecting 17k soon
NFA DYOR
$BTC looking bullish at the momentBitcoin is currently looking bullish on the daily time frame. Based on precise measurement of the imbalance, i;m expecting
bitcoin to grab some supply at 19.4 - 19.7 to continue the overall trend to the downside. Great opportunity to place some shorts
at those levels i mentioned. I would like to see $btc retrace either back to supply or close to it, and push off with some bullish
engulfing candles to fully confirm the move.
BTC ready to either Pump or Dumpaccording to the chart, BTC is on the ascending trend line in 4H time frame. If BTC break the green area (order Blok) it can goes up and reach our targets. But if its brake down the trend line our Sell position will active, and we can reach our sell targets.
on the other hand, we have ascending Fibonacci channel support and resistance. Pay attention to those area.
be aware: this is not a financial advice. opening any position is on your own risk.
BITCOIN: $17K EXPECTED.Hey guys, a quick update on BTC in 3 hours timeframe.
Currently, BTC is trying to push the price toward $17k after the drop. The only obstacle it is facing is the 21 MA at $16.6k.
Key points:
1. $17k expected.
2. 21 MA resistance at $16.6k.
3. Support at $16.5k.
Happy trading.
Bitcoin Long Scalp$BTC looks bullish in the short term, I am entering a short term scalp trade.
After this bounce from the falling wedge and after it at least reaches target 1, I am exiting the trade.
$BTC is currently very choppy and still in downtrend so longing is unsafe as we can fall down below $16k very easily.
My Targets:
TP1: $16,659
TP2: $16,800
My Stop loss:
STOP LOSS: $16,430
BTC Analysis I'll cover fibonacci, volume range, general trend, macro correlation coefficient and MA analyses.
This spread graph pins BTC against safe heaven assets, which include: Commodities (SP:SPGSCI), the U.S dollar (DXY/M2SL) and U.S Bonds (1/(TVC:US03Y+TVC:US02Y+TVC:US05Y+TVC:US10Y+TVC:US30Y)+1). Given representation of BTC's price accounts for various allocations of investors' capital to evaluate it's true intrinsic value. This favors accurate measurements.
Fib Analysis
The significant accuracy of demonstrated Fib levels confirm their precision. Current price level appears to be weakly breaking out of its fib resistance.
General Trend
Monthly:
Weekly:
BTC seems to be breaking out of the green parallel channel. In line with current economic conditions BTC's price is trading at it's lower price range.
CC & MA Ribbon
Pane above illustrates BTC's correlation coefficient with those safe heaven assets. A peak in their relationship implies a climax in BTC's short-term trend with those assets; acting as an RSI.
Volume Profile
This indicator is extremely useful, however difficult to use in long-term analysis. Through utilizing the ''free fall'' parallel channel(pink) and the indicator, evident resistance/support line intersections may be useful for evaluation.
Conclusion
Returning to the main graph, having had considered all these points, I presented an opinionated path of my prediction for BTC.
^ leave comments, questions and etc ^
I'll always reply ASAP
There is an analysis of the BTCUSD H1 chartIn our analysis, we found a number of data points.
There has been a 64% drop in bitcoin prices over the year, and 75% since November 2021 when prices reached all-time highs of $69,000.
It has been noted that the price has been forming a triangle with symmetry since last month during the consolidation period. Additionally, there have been multiple pullbacks and bounces that have tested Trigale's trendline over and over again. A triangle can be broken on any side, either downwards or upwards, according to the theory, and the price can appear anywhere.
There is a target at 16714.82 & 16565.5 if the price breaks down this trendline. However, if the price moves above the upside trend line, a target area at 17062.44 is the target if the price breaks down the site trend line.
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
BTC ANALYSIS#BTC UPDATE.
#BTC is still trading in the green box area with same red box resistance.Its been over 10 days now and btc not showing any kind of move here.This current range is not good to trade anyhow .Therefore,We will have to wait more until btc make any significant move as the chance of move could be either direction ,Will update if btc makes any moves to above or below the support levels.
👉🏼Stay tuned ,do not forget to turn on notification bell..