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BTCUSD Can Hit 12000 ?CRYPTO MARKET UPDATE BY TEAM TENUP Pakistan Time: 06:15 AM Bitcoin support levels - $16300 and 16000 strong Support (Buyers available at this point ) Bitcoin resistance - $16,600 and $17,000 strong resistance (Sellers available at this point ) Market depends upon Bitcoin movement so we updated you now trade with Risk management and enjoy the bitcoin update. Keep like,share and comment if you like my content ——————————————————————— Analysis - BTC Support is at $16,300 and $16,000. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle red at $16428. BTC needs to hold $16,300 support level to prevent downside price action. The next support level will be $16,000. Total crypto marketcap is at $835 billion and BTC dominance is at 37.9%.
by Waqar212
3
BITCOIN ON THE MOVE.Hello traders, I hope you all are doing well. Here's a quick update on BTC in 4 hours timeframe. BTC has been under a big pressure lately but it managed to get out of it after a long 7.3% pump. This bounce brought a small relief to the market and if we see the chart then it actually broke out of the resistance trendline. This could be a good thing for BTC and the market but only if we see a bounce back from this level. The current scenario looks like a retest and BTC could possibly bounce back. A breakdown below the upper trendline will invalidate the bullishness in BTC. Still, we have 2 hours left so let's see what the next candle will bring. Thank you so much for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
9
BTCUSDT - SP + Test to the local maximum.Greetings to all, today's idea to go long from the lower boundary of the range after the signal SP + Test. After a spill and penetration of the previous support level, we see a narrowing of the spread and a gradual stop of the movement at the lower range, where support was formed. We can look for long entry points from the local minimums. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your your friends.
Long
by Artem_Dishel
Bullish deep crab harmonic on btcBTC is developing bullish deep crab harmonic on a daily chart which will complete at $12,884 which is its PRZ(Potential Reversal Zone). Price will bounce back from this level to the upside. On a weekly chart we have another bullish deep crab harmonic developing which will complete at $3,752. Remember this is a weekly chart so it can take months to complete but looks less likely that we will see BTC price to see bottom of 2018 but considering world's financial crisis ANYTHING can happen to crypto because crypto is MOST volatile of all financial markets in the world. We will see good days next year summers In sha Allah.
BITSTAMP:BTCUSD
by NasirCrypto
BTC on its way to $13'000 support level as forecastedthose who have read my previous BTC posts will know a couple of weeks ago i said the short run isnt over yet as it hasnt yet hit its 72-78% pull back, contrary to what many believed the bottom was in, but at around $13'000 is the major support level and BTC will have reached its pull back maximum, thus likely will rally long hard once in this zone, if your investing in BTC, either wait, or do staggered buys on BTC from today, but expect the price to continue to fall in the short term ( 2-3 weeks or so).
Short
by algoquantix
2
BITCOIN: CAN WE SEE A BREAKOUT???Hello guys, I hope you all are doing great. As we are coming to the end of the weekend, we can see BTC making a move trying to break through the symmetrical triangle in 4 hours timeframe. Things will surely be good if BTC breaks out and make a small rally toward the $17.5k range. We still have 1 hour to go so if there is any positive breakout, we can go long on BTC with tight SL ($16.3k). The target will be around $17.5k (5%). DYOR before investment. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
5
BITCOIN - Bear Market about to endAs with every bearish cycle, panic is reigning in the crypto world right now. And for this very reason it seems appropriate to make this analysis that, hopefully, will shed a ray of sunlight on the fearful ones. Since there is a lot to work with, I will divide the analysis into 3 parts (please note that this is macrocyclical trend analysis but fundamental analysis has not been considered). The material in this publication has no regard to the specific investment objectives, financial situation or particular needs of any viewer. This publication is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation or an offer to buy or sell / long or short any securities, commodities, cryptocurrencies or any related financial instruments. Nor should any of its content be taken as investment advice. Trading and investing is extremely high risk and can result in the loss of all of your capital. Any opinions expressed in this publication are subject to change without notice. 1) Cycle Duration: Bearish cycle & Bullish cycle 2) Bear cycle bottom & Current bear market correction 3) Bull cycle top & Next bull cycle gains 1) Cycle Duration Bearish cycle : If we measure the duration of the previous bearish cycles, we can see that the 1st cycle lasted around 150 days, the 2nd cycle lasted around 640 days, and the 3rd one lasted near 820 days. If we average them we can estimate a duration of 550 days for the current bearish cycle. As a result, we can infer a high degree of probability that we'll touch the bottom within the 4th quarter of 2022. Bullish cycle : If we measure the number of days between the maximums of each cycle, we obtain an average of 1180 days. With this result we can infer that the next cycle top will be around June 2024. On the other hand, measuring the duration of the bullish cycle of each macro cycle, we obtain an average of 600 days per cycle. Which allows us to forecast that the next bullrun will be between the 4th quarter of 2022 and the end of 2023 1st semester. 2) Bear cycle bottom & Current bear market correction Bear cycle bottom : The first bitcoin correction was about 93%, the 2nd one was near 85%, and the 3rd one was arround 83%. On average, bitcoin corrections have been reducing by 5 points per cycle, so we can infer that the current correction can reach approximately 73%. The price bottom we obtain with these calculations is roughly $14,000 3) Bull cycle top & Next bull cycle gains Bull cycle top : As in all markets, as the market capitalization of an asset increases, the amount of money that needs to be injected to produce a significant price movement also increases. Therefore, in percentage terms, we can expect the profit level of the next bullrun to be lower than the previous one. In total terms, the 1st bullrun saw a rise of around 52,000%, the 2nd bullrun rise was close to 12,000%, while the 3rd rise was close to 2,000%. With this movement patterns it's fair to assume that the gains porcentage will be lower, so we infer gains of up to 1,000% for the next bullrun. The price top we obtain with these calculations is roughly $150,000 I hope you enjoy this review and found it useful. Or, at least, that this helps to give that little push needed for trend reversal. Cheers!
BNC:BLXLong
by GSANMARTINv
1
Possible Bitcoin price movement for the nearest weekToday we will consider possible movements of the BTCUSDT price for the nearest trading week. If you are interested our global look side possible Bitcoin price movements for years on the weekly time frame, we invite you here: We believe that in the near future, there will be a strong momentum to the upside. Why can the price up move stronger than down? Because in addition to standard purchases, short positions closing orders will be added to long-limit orders. And usually, closing shorts are purchases by orders at the closest market price. If the BTCUSD price breaks out of the triangle upwards and consolidates above $16700-16800, it may activate the first wave of growth to $17600. The target for the growth wave in the coming week is in the region of $19800-20000. Also, before the start of growth, it can be possible to "break out" the stops of longs, because it is easier to grow without "extra passengers". The critical level is $16000 Therefore, we publish this idea in the 4-hour timeframe to make it convenient to track which of the scenarios the BTC price is moving in order to quickly make trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
23
#BTC/USDT LTF Update, Read before you buy or Sell BTC.Welcome to this quick Update on BTC everyone. Let me get straight to the chart BTC broke below the pattern and we had a nasty weekly close. I expected $15300 to be tested but there was a short-term demand at $15800 and we saw a bounce. And after a couple of hours Elon Musk said something positive about BTC in his tweet. If you ask me, Up or Down? Well, I don't know. Keeping in mind the current market situation from a fundamental perspective. There's still a lot of instability regarding FTX and other illiquid small exchanges. Traders are withdrawing funds from exchanges which are making BTC more illiquid. this will make it easier for the Whales to manipulate BTC. Low Liquidity, Big candles. Gotta be careful. CZ is working on helping the other projects to survive these difficult times which is a good step from his side. In the long run, everything is going to be better. However I am not Bullish nor Bearish, I am just saying to be extra careful here. Lower Support is at $13800, $12700a.d $11680, These will be the best price to get into BTC. Still, Do your own Research, This is not Financial Advice. MY ACTION:- I have bought BTC with 45% of my Cash reserves and USDT below $16k. Waiting for more lows or a trend reversal. So far it looks like it can take a little more time. Till than trade carefully and always use Stop Losses. Let me know what you think and do hit the like button and share your views in the comment section. Thank you #PEACE
by Cryptorphic
1
BITCOIN: WHAT IF???Hello traders, I hope your trading has been going well. BTC once again has slowed down its movement after the firing news of FTX, CZ, Elon, and Sun. Things became so dramatic that BTC price surged from $21k all the way to $15k, a -24% drop in 2 days. As we all know that BTC has already broken down below the $17.6k support a week ago and till now it is unable to make a comeback. This is something that has happened before and this could happen again if BTC fails to break above the $17.6k resistance level. What if this breakdown turns out to be real? What if we see BTC at $11k and below once again? Would you buy it or would you quit? Do share your thought in the comments. Many of you must be in a dilemma about whether to buy now or wait for BTC to drop. I am not a financial advisor to advise anything but I can share my personal strategy on the recent drop. I am accumulating every dip possible. I have purchased BTC at $22k, $19.7k, $18.3k, $16.2k, and I will continue to buy more if there's any new bottom. Now, you may assume that I am a man with a big bank balance who is able to buy every single dip. It is nothing like that, all I do is buy BTC in a fraction. You can't jump in with your entire portfolio when BTC drops cause when you buy BTC with what you have and if it dips further down, you won't have anything left to buy more. So, always buy BTC in fractions and if BTC starts to rally and you missed the bottom, then look for breakout and retest levels and enter accordingly. I don't claim this to be an excellent strategy but it works for me. Throw some ideas if you have any to deal with this recent fall. Thank you for reading and supporting me.
BINANCE:BTCUSD
by Dexter_The_Trader
4