BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading at the pink box support area and any close below to the pink box could result in more pullback from here .Keep eyes on the support line as well as if btc loses and close below to the trend line support btc might look to test the blue box support area around 16k level
Btcusdforecast
"First signals" that the markets are ready for growth, Why?👇Today we will consider the local situation on the BTCUSDT trading pair
And we will offer you a trade that has every chance to work out over the weekend.
Last week we published an idea with a possible BTCUSD price movement, it is still relevant, and we believe that it works perfectly
During the week that is coming to an end, the BTC price slightly touched the purchase zone and buyers organized a rather aggressive buyback (in the context of the current passive market)
Growth Bitcoin price for the week of +7% seems not a bad result, but it is much better that buyers managed to break the first portion of the short stops that were hiding above $17000
The next step is to hunt for the second portion of the short stops hiding in the marked zone above $18000
Today, there may be increased volatility in the market, because unemployment figures in the US are due to be released. It is expected that they will be an additional positive factor for growth in the markets in conjunction with the available data:
DXY - the dollar index began to fall actively (and has prospects for further decline) This means that the value of the dollar is falling, and it needs to be invested in the economy, and in business. So that the value of monetary assets does not depreciate, but generates earnings.
The last time such dynamics of the fall was in 2020-2021, and the crypto market at that time was experiencing a DeFi boom and the overall growth of most cryptocurrencies.
S&P 500 - is steadily growing as a result of investing the dollar in the most powerful companies that are included in the SP 500 index
Experts estimate the probability at 82% that the Fed rate on 13.12.2022 will increase by +0.50%, and not +0.75% as it was in previous months. Just three weeks ago, this probability was estimated at 60%, and this is already a positive trend
Well, considering all the above facts, we consider it acceptable to try the trade on the following conditions:
Entry $16661
Stop $15999
Take profit $18234
Have a nice weekend and profitable trading)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
BITCOIN: A DECISION TO MAKE.Hello traders, welcome to today's BTC update in a daily timeframe.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then $19k is the target but if it gets rejected then $16.5k to $15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
BTCUSD one last stab up and down we goThis is what im thinking, we get another grind closer to that yellow trendline of resistance whereupon we see another move to the downside.
--i expect the price to move back down to the 15k range at least once more before we can be sure bottom is in
---unless we see a clear and definitive break of the yellow trendline
using this chart to keep track of BTC and its relative strength, other coins of course will follow the movement of BTC
not trading advice just my observations
BITCOIN: A POSSIBLE RALLY TOWARDS $18K.Hello traders, I hope you guys are doing well. Here's a quick update on BTC in 4 hours timeframe.
BTC is under a rising wedge pattern where the price is close to the bottom trendline. In between this pattern, BTC is also forming a symmetrical triangle pattern where BTC is close to the breakout point. In both scenarios, BTC shows a possibility of a breakout and if this is so good to be true, $18k could be possible. The invalidation point will be a candle close below the lower trendline.
That's all for now. I'll see you in my next update.
Trade safely.
BITCOIN: GOT REJECTED!Hello guys, quick update on BTC.
After the weekly close, BTC got rejected. In my previous BTC update, I already warned you to be careful. This recent rejection could go extremely bad if BTC fails to hold the support level between $16.6k to $16.9k. If it holds this price level then we can expect a bounce back but a further rejection could drop up to $16k or $15.5k.
For now, no scalping. I will wait for the confirmation to accumulate more.
Trade safely.
BItcoin Possibility Bitcoin has been holding above the liquidity zone and also has been following the trend line. It can retest the trend line and then move our if we hear anything terrible from the fed we might retest the 16500 zones. else we already see the gap filled so we might see a move to 16800 and then a move to 18k and then a dip back. Liquidity hunting and Stop loss hunting are now a daily part of manipulation game.
BTCUSD Falling Wedge ElaborationEach touch along the bottom line of the falling wedge has led to bullish results (green circles, vertical lines)
This is shown with the bars pattern tool
Falling Wedges are classified as bullish patterns due to their ability to break out bullishly once reaching a critical point, I have also shown this with a bars pattern in green
This is good for Bitcoin and an elaboration on my previous BTC falling wedge post
Below
BITCOIN: A CLOSE CALL.Hello traders. BTC has been hovering around $17k for the last 3 days. Things look quite steep as BTC is somehow trying to push upward but is unable to break out. If BTC manages to break above the resistance, it will still need to break above the $17.6k resistance and that will be a bigger challenge for BTC. A rejection, on the other hand, will be nerve-breaking because it could either reject up to $16.5k or even worse $15.5k.
As we are a few hours away from the weekly close, all eyes are on the $17.1k resistance level. Let us see whether we will see a breakout or a breakdown.
Thank you for reading.
Trade safely.
20 reason for sell BTC 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Near to bottom, last impulse move is ready
2 📆Monthly: extreme support level is coming from 13500 to 12000. Overall area trend is bearish
3 📅Weekly: bear
4 🕛Daily: Rounding Pattern /need to correct Structure Imbalances level
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bear
6: 2 Pattern Candle Chart: resistance at mid-band
7: 3 Volume: low volume at correction
8: 4 Momentum UNCONVENTIONAL Rsi: sideways between 40 to 60
9: 5 Volatility measure Bollinger bands: resistance at mid-band or 20 moving average
10: 6 Strength ADX: bearish farming a retracement curve bears are strong
11: 7 Sentiment ROC:
✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish till level
13: entry move: we will enter at a bearish move
14: Support resistance base: daily resistance
15: FIB: waiting for a trigger
☑️ final comments: wait till full correction
16: 💡decision: sell at resistance
17: 🚀Entry: 17900
18: ✋Stop losel:18750
19: 🎯Take profit: 13500
20: 😊Risk to reward Ratio: 1:8
🕛 Excepted Duration:30 days
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bitcoin Analysis 02.12.2022Hello 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!
BTC - What December Holds HistoricallyHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, we take a look at Bitcoin over Decembers from the past. Which direction does the price usually go, bullish or bearish ? It's no surprise that it seems to be a near equal amount of months up vs. down. Over the 11 months observed, we notice 6 green Decembers and 5 red Decembers. This makes probability near equal. However, we could take a look at a few other interesting observations:
💭 Highest increase for Bitcoin was +58.92% when the lowest decline was only -33.15%
💭 More often than not, two months of the same color follow
💭 The biggest yearly increase was during December 2012 - December 2013 with a whopping yearly increase of 9,899.19%
💭 The second biggest increase after that was from Dec 2016 - Dec 2017 with +2,681.15%
💭 The biggest yearly decline was from December 2017 - December 2018 with BTCUSD losing -84%
The crypto winter that started in December 2018 was one of the worst yet... But with the industry under pressure, could this year be the new record? IF BTCUSDT were to drop to $11 000, that would be a -81% decline from last December.
From all the above... Which way do you think the price will go during December 2022 ?
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Bitcoin is going to 10,400$I believe that we will see some positivity in market for the month of December but at the end I wanna say that BTC is no doubt going to 10,400 USDT. The time when people impatiently sell their crypto to the big whales who are the waiting for the zone, They will buy the dip and will make a big jump in price of BTC which I guess is going to 12999USDT in next years. From here we will see a biggest crash in crypto.
But the dip and wait
Be patient
Regards,
SAAD BAIG
BITCOIN: STILL UNDER THE RESISTANCE.Hello traders, welcome to the new week BTC update in 4 hours timeframe.
After a 4 days sideway move around $16.5k, BTC finally moved downward with the lowest drop at $16k. The current price is trending at $16.3k but is still in danger because the resistance is at $16.5k. I am not pretty sure if BTC can break this resistance level but if it does, It could be a game changer for the market. For now, as it is under the trendline and close to the resistance, it is hard to take any long calls.
Let's see how it will end up by the end of the day. Until then trade safely.