Nightmare BTC ScenarioThis is the worst case scenario for BTC, a giant macro head and shoulders. The best case scenario is that we bounce at the macro GP around 9-10k. Based on the S&P fractal (the one from the 2008 crash that perfectly fits our current price action) I have to assume the worst for the crypto market. I was just waiting to see what the "news" would be that triggered the huge crash, and we just got it with FTX. That's our "black swan event" - buckle up everybody. Short everything for financial freedom, and don't forget to put your hands up and yell "weeee!" all the way down. Also make sure to withdraw profits on the way so the exchange isn't insolvent by the time we get there lol
Btcusdforecast
BTCUSDT - June Minimum Update.The first cryptocurrency after breaking through the trend was unable to break through and consolidate above the middle of the trading range, at the same time since June we can see the growing volumes on the haircuts. Against the backdrop of extreme events in the cryptocurrency world, Bitcoin sank by 10% from the local high. At the moment, the price stabbed the June low, and continues to trade on it. We can expect further price shedding into 15500-13000 range unless strong support appears.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BTC Last crash ? comparison between late 2018 and late 2022BTC / USDT
hello guys want to introduce an interesting comparison between late 2018 and late 2022
In this fractal there are similar and strong factors :
1-Both 2018 and 2022 are bearish bloody years
2-The comparison between both years at the same 4th quarter
3-both years have special events (BCH fork and ETH merge)
4- In 2018 this was the last crash and I believe this will be also the last one
In 2018 the drop from the event was around 51% crash to the ultimate bottom , if we applied the same percentage the final target will be 11K !
Important Note : its not nessicary to make the same identical move
it can flactuate little above or little below , and here i will show you strong levels which could be the bottom :
1- 18K-17K ( Double Bottom )
2- 15k-14k ( Monthly Support )
3- 11K - 10k ( Historic 85% Correction )
Overall the bottom is close so dont worry
Do you agree about this comparison ?
Share with me in comment section below and dont forget to hit the Boost button
BITCOIN: ALL IN ONE.Hello traders, I hope you all are doing well with these recent dumps. The market was already in an uncertain stage and then the pump-and-dump scenario by the two most powerful influencers. There's a lot to take but in this chart, I will try my best to simplify all these complications.
In this chart, I am gonna talk about three important things, Past & present scenarios, Support level, and the bull run.
So, let's get started!
Note: This update is going to be a long one so please bare with me till the very end.
1. PAST & PRESENT SCENARIOS: It was March 29th, 2022, when BTC dumped from $48k all the way to $24k (-50%) in 44 days, and the market went crazy. Then we saw some sideways moves for about 33 days expecting BTC to bounce back but on June 12, it made another drop from $28k to $17.6k (-38%) in just 6 days. Ever since then, BTC is trying to maintain this support level (17.6k) and push the price toward a bullish rally.
The recent drop has brought BTC back to a similar situation where holding the support is a must. If history is going to repeat and BTC breaks down the $17.6k support then a -38% drop would mean BTC at $11k to $12k.
2. SUPPORT LEVEL: $17.6k has been an important support for BTC. In a daily timeframe, this may look like important support but in weekly TF, it is not. I will share details about the weekly chart in my next update. For now, we will consider $17.6k to be the present support.
3. THE BULL RUN: We all are anxiously waiting for the bull run and there are many traders predicting dates for the bull run. They can be right, according to their analysis. For me, I would rather go with the numbers. In this chart, you'll see 2 confirmation levels, 1st confirmation level is at $24k to $25k and then the 2nd confirmation level is at $30k to $32k. BTC needs to break these two levels to confirm a bull run, until then we need to wait and accumulate the bottom levels.
KEY POINTS:
* $17.6k Support.
* $24k to $25k 1st bull run conformation.
* $30k to $32k 2nst bull run conformation.
What is your thought on the current market scenario? Let me know in the comments.
Good hours ahead, thank you.
IS BITCOIN STRONG ENOUGH TO HOLD?Hello traders, I hope you all are doing well.
BTC did make a move but toward the downside. It went straight to the support level and in an hourly timeframe, we can see a bounce back from the support. The interesting question that arises is whether BTC can hold on to this support or will it drop down below the support. If BTC manages to hold this level then we can expect another bounce back but if breaks down then we need to be ready for some more bearish moves.
Things are getting pretty interesting.
Thank you for reading. God bless.
BITCOIN trade for the weekendWe hope that the market has already processed the news related to the Fed's actions and statements and has calmed down a bit.
So we can try a conservative trade of buying Bitcoin:
Entry $18651
Stop $18089 (-3%)
Take profit $21444 (+14.98%)
P/L ratio 5/1
_____________________
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FTX FUD What Next ? Small Shakeout Or a Crash ?Left Chart : FTT Coin
(FTX token) is dropped more than 10% after the news that Binance could dump their FTT holdings
Price now is testing the multi-year support level ($22 - $21) area that has nothing below. If rumors are true and Sam is unable to hold this support, this can drive the whole market down hard just like LUNA earlier this year
IF price breakout the red trendline it will turn very bullish for long term and ONLY worth buying after that
Right Chart : BTC
I marked the most important local levels for BTC in current zone, first one is 20.8k and second one is 20k
IF BTC could hold these supports we are fine and this is just a small shakeout before the real bullrun
IF BTC loss 20k again the chance for breaking 17600$ is higher than any time before
Both chart works as an indictor for each other
The only thing can hold FTT right now is BTC upward movement
❤️ Dont forget to support my work by press on Rockets button ,follow and Share with me your opinions and questions in comments section below ❤️
BTCUSD - Risk Assessment (LOW!) An indicator showing the risk on BTC
Each period in blue down the bottom shows the low of each cycle
Interesting seeing the earlier peaks in red both topping out but the 2022 top is slightly below the top red, this may be an indicator that BTCUSD is becoming less volatile and a more stable asset
Regardless, price is currently within the blue zone, a good buy point
bitcoinLook at my chart, MACD & RSI show divergence. I drew some important lines in RSI, MACD and in the chart, the price broken the orange line in the chart and couldn't breakdown 19000 for 20weeks. I think most of traders waiting for DXY, if it come back down, BTC will start new trend to up. What do you think? tell me about your analysis.
BTCUSD - Long Term Bottom Reversal I have drawn two green trend lines one encompassing the downtrend and one the uptrend that is still forming
A strong bottom formed along the solid white horizontal line allowing for this seamless reversal
This will lead to a consequent disbelief phase and a strong pump upwards out of this current bottom area
Have faith!
Posting relevant Analyses below
INDEED BITCOIN HOLD THE $20K SUPPORT.Well! Well! Well!
Here comes the breakout on BTC. My previous analysis got invalidated cause I expected a quick drop toward the $19.3k support level. Things took a sharp turn on BTC and unexpectedly it rallied all the way up to $21.4k as per the current scenario. This could be a good thing for the market both in the short and long term. If BTC manages to stay above this breakout level then we can consider something massive rolling into the crypto market. But if BTC drops down below it then this could possibly be another trap.
At this point in time, I am not gonna play a scalping game. I would rather bet on long-term gains on BTC and other major altcoins. I am long on BTC at $18.3k and I will continue to hold it. If BTC drops down below $20k once again, I will accumulate more.
Anyways, I will discuss more regarding the long-term perspective on BTC in the higher timeframe update.
Thank you for your continuous support of my content.
Trade safely.
BITCOIN: HOLDING THE $20K BENCH MARK.Hello guys, I hope you all are doing well. Let's have a quick analysis on BTC in 8 hours timeframe.
BTC was under the dilemma of breakout or rejection but now we can clearly see that BTC is under the rejection zone. As per the chart, if BTC further rejects then we may possibly see it close to $19.3k where we have good support. The real question is, is this going to be the final drop before the rally or there is more to come? Considering the higher time frame, I don't think this could be the final bottom. If at all, BTC drops for any reason, $15k could possibly be the last dropping level as per the weekly timeframe. This is something that is way too long.
For now, $19.3k holds pretty good support for BTC and if it breaks below it then we can re-analyze the charts.
I hope this update was helpful for you all. Trade safely.
BTC still has two not filled gap on CME chartI think sooner or later they supposed to get filled, Actually It's good for healthy market and price action.
maybe price goes lower before touch those gap's, but on my experience CME gap's always get filled.
what do you think? please share your opinion with us
BTC AheadAfter the shrinking of the economy and following the easing measures of the Federal Reserve
Note that the logarithmic order of the prices is shown above
So, with the smallest change on the chart, we see a large change in price
Also, these days with the least price change, we should see more change on the chart
As a result, I don't think Bitcoin will fall below the range of 10 to 8 thousand dollars
The blue lines show the peaks between them and probably the price of Bitcoin will be between 500 thousand and 1 million in 5 years.
Of course, if new economies, wars and political events are not born!!!
Please share your comments :)))