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.
Btcusdforecast
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!
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.
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#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
BTC failing to break above bearish volumejust a heads up, BTC looks like on face value its going to go up, but bare in mind, BTC isnt breaking above bearish volume as you can see with my relative volume profile at the bottom of the chart showing it isnt breaking above the red line, ignore the included strategy stats from the strategy i have on chart , it isnt relevant to BTC or the timeframe.
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.
Bitcoin and rest of the market in accumulationHi guys lots of mixed signals going around the market at the moment ,which generally indicates big investors wanting to buy in at a cheap price
as it shows we have already hit the bear market bottom and through some TA and FA we can make a call that our position is long
-RSI has a hit a strong oversold region and is also indicating a strong bullish divergence in the 4 monthly
-Market cap has hit the top of the 2018 market and therefore the bottom cap for the 2022 of 850bil
-Overall volume is indicative of Huge amounts of oversells leaving bears liable for long positions within 4-8 month positions
overall expect all short positions in the next 6 months to get absolutely lit up current volume depth is growing
alt market will be prime for yearly long positions entrys right now with most coins being able to 4-8x within the next bull market.
BTCUSD ( BITCOIN ) BTCUSD
- By now the OVERALL CRYPTO SENTIMENT has become NEGATIVE with the collapse of FTX to BTCUSD. Therefore, BTCUSD is being SELL.
- FUNDAMENTALLY THERE IS NO GOOD ENVIRONMENT FOR CRYPTO YET. But with the FED being NEUTRAL, CRYPTO can expect a good POSITIVE UP TREND in the future.
- US CPI DATA has been released by now, it is a very NEGATIVE DATA. Due to this BTC went UP with USD being WEAK. You can further BTC UP to 20654 LEVEL in this CHANNEL.
- If there is an UPSIDE BIAS in BTCUSD, 17950 LEVEL can be BUY in short term. Also, if the TREND LINE is BREAKED, 15632 LEVEL can be SELL in the near future.
- The BTCUSD CHAT is currently showing a growth of 0.42%. BTCUSD PRICE MOVEMENT will definitely be determined on SNP500. Therefore, every NEWS that is POSITIVE for STOCKS is very good POSITIVE NEWS for BTCUSD.
Bitcoin - Death and GloryHello,
this is an Update to my last two Bitcoin ideas.
1.
2.
So far Bitcoin followed the way as shown in these ideas and i am currently looking for Short opportunities for the next leg down.
Short explanation as mentioned in the last two ideas.
Bitcoin price moves similiar to the 2017/2018 swing:
- Orange circle: Generate a top
- Downbreak to the 50% Fib (Blue circle)
- Red circle: Take out resistance that was generated by around that top / stopped the uptrend
- Downfall to the 23% Fib (orange rectangle) and genrate a Swing (but no break in MS)
- Retesting orange rectangle a few times and downfall
- Downbreak to the 50% Fib
So whats next: To consider a short i would want the weekly close below the orange level aiming for the Green rectangle.
I will buy Bitcoin at the Support level (green rectangle) or on a reclaim and S/R flip of 23k level.
If Bitcoin breaks down to the green rectangle we should see a long low-volume period followed by a retest of 50% - 61% FIb level. Retest again of the green rectangle and start of the next bull cycle. Time wise it could start around Bitcoin havling 2024.
So to recap my plans:
1. I only buy / long on the green rectangle or on a reclaim of 23k
2. Looking for shorts if we see a weekly close/open below the orange rectangle.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Trading Analysis btc/usd 12.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on BTC/USD.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
BTC USD price prediction on 2023 - 2024Hello everyone!
BTC/USD - accurately
predicting strong uptrend
tendency on 2023 - 2024 yy
Min price target - 30 000$
Middle price target 40 000$
Max price target 45 000$
Attention!!!
Do not in any way take this analysis for practical use in trading or investment purposes.
This is only a subjective assessment of the future for this financial instrument!
Trading is always a Risk!
Kind regards, Team Traders "PowerfulTraders"
Bitcoin- New leg down?In my previous Bitcoin analysis, I said that in current market conditions selling rallies is the safest way to trade and I indicated 18-18.5k as the zone to do this.
Indeed, after the break of support and the steep drop from the beginning of the week, Bitcoin rose, corrected the dive, and confirmed the 18k zone as new resistance.
The price action from the past 2 days is drawing a small triangle on our short-term chart and this could be an indication of continuation to the downside.
The base of the triangle is around 3kusd and this gives us a target of around 14k for the next drop.
Only the price back above 18-18.5k in terms of daily close would put a pause on the drop and signal a potential range trading for BTC.
BTCUSD ( BITCOIN ) 🔰 ⭕️ BTCUSD ⭕️ 🔰
- Currently there is an OVERALL POSITIVE SENTIMENT for BTCUSD.
- FUNDAMENTALLY THERE IS NO GOOD ENVIRONMENT FOR CRYPTO YET. But with the FED being NEUTRAL, CRYPTO can expect a good POSITIVE UP TREND in the future.
- US CPI DATA has been released by now, it is a very NEGATIVE DATA. Due to this BTC went UP with USD being WEAK. You can further BTC UP to 20654 LEVEL in this CHANNEL.
- The BTCUSD CHAT is currently showing a growth of 9.96%. BTCUSD PRICE MOVEMENT will definitely be determined on SNP500. Therefore, every NEWS that is POSITIVE for STOCKS is very good POSITIVE NEWS for BTCUSD.
BTCUSDT - Next Move ( Weekly )Hi All
Bitcoin is in a range zone Exactly at 0.786 Fibonacci. It is a very important place and it cannot be broken easily. From here, we will go up to $25000 to hardly $30000 ( look at the huge volume ) and then the price will drop to the bottom of the channel ( it takes time), which is $10700.
remember that $30.000 is a powerfull supply zone for btc.
short term : price going up
long term : price going down
if you have a question comment it
This is not a signal . be carefull
GOD BLESS
BTC can reach $15000In my opinion, with the triangle pattern that Bitcoin is forming, we can expect it to reach the $15,000 range by breaking its dynamic support. Now we have to see how fundamental news can affect the price trend. However, at first, the range of 15,000 dollars and then the range of 12,000 dollars, as indicated in the chart, is not expected.
This is just a personal opinion and should not be used as a criterion for making a trade.
Please Comment if you have any other idea. here we want to learn from each other .so tell me if you are agree with me or not ? :)