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Btcusdforecast

BITCOIN: ALL WE NEED IS A BREAKOUT.Hey guys, welcome to this BTC update in a daily timeframe. BTC is still yet to show some big moves in the market but till now, it has managed to maintain the support line which is a good thing for the market. In this daily timeframe, BTC is still under the descending triangle which technically is a bearish pattern. BTC being bearish, there is still room for the bulls and we may witness a bullish move on BTC if it manages to break out and closes above the resistance trendline. BTC could go negative only if it breaks down below the $18k or $17.6k support levels. What do you have to say about this? A rally or rejection? Do share your ideas in the comments. Thank you.
by Dexter_The_Trader
2
Bitcoin price, USDT and BTC dominance, Altseason🔥 All here👇Analyzing the sluggish behavior of the BTCUSDT price, we came across an interesting fractal that has the right to live and work. Also, this fractal fits into the idea of the possible formation of a reversal pattern "Double Bottom" , which we wrote about in more detail in our previous idea: We now have two critical points on the Bitcoin price chart: $18000-18300 and $23400 1. Negative scenario - if sellers manage to confidently fix the BTCUSD price below $18000-18300, then the idea of a possible "Double Bottom" and the development of this fractal lose their meaning. And for the BTC price itself, the way is open for a fall to $14-12-10 thousand. 2. A positive scenario is the growth to the upper critical point of $23400, it will at least slightly refresh the cryptocurrency market, which is simply mired in a swamp and consolidation and is not interesting to new and fresh money. If buyers cannot break through this critical point upwards, then the exhausting consolidation will continue according to the red scenario (more details were written in the previous idea) 3. The most positive scenario is a breakout and consolidation of the BTC price above $23400 and $24700. Then the continued growth of the BTCUSDT price to $34500 by the end of 2022. When the BTC price and possibly some of the stronger Alts show at least 1-2 months of stable growth, this will be a great signal for "fresh" money. That it is time to enter the crypto market, which has come to life. And then the most interesting can begin - this is a strong alt-season from the beginning of 2023 until May 2023. While the BTCUSDT price will go into a "creeping growth" mode without sharp corrections, altcoins will begin to pump by "new" and sometimes "stupid" money. And this is pump, pump, pump, the main thing is guessing and reinvesting into the right altcoins. In the end, let's take a look at the charts of BTC Dominance and USDT Dominance There are two alt-seasons in our cryptocurrency trading memory: the super-powerful 2016-2017 and the DeFi boom of 2020-2021. As you can see, on the BTC.D chart, dominance was falling during the 2017 alt-season, dropping from 90%+ to 35%. In 20-21, the dominance was diluted by more cryptocurrencies, and the fall started from 70% to 40%. The logic is as follows: first, the money goes into a more stable asset BTC or ETH and their dominance grows. After, when crypto market participants see that the market has stabilized, and they can try to earn more %% than on the price movement of BTCUSDT or ETHUSDT, capital begins to flow from BTC to altcoins. Also, the value of USDT.D begins to fall in parallel. The high value of USDT dominance indicates that crypto market participants understand that at the moment it is safer "sit" in stablecoins than to invest in altcoins and sit in a drawdown. As soon as the value of USDT.D starts to fall, it means that BTC and various altcoins are being bought for USDT. If we summarize all our thoughts and assumptions writing above, we get the following possible scenario in the cryptocurrency market: 1. By mid-November 2022, the BTCUSDT price is growing more confidently than the prices of most altcoins. 2. From mid-November to the end of 2023, stronger and more stable altcoins join the growth. 3. From January to May 2023, the real alt season begins, where there will be Xs rise for everyone who wants it) And then "Sell in May and go away" _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
50
BTCUSDT Bitcoin support levels - $19,000 and $18,500 strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - $19,500 and $20,500 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath. ——————————————————————— Analysis - BTC Support is at $19000 and resistance is at $19500. Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1-hour timeframe, BTC has respected its trend line three times as drawn in the chart. Volume is currently low and with recent wicks below $19,000, there still remains uncertainty so a price breakout against the trend line should not be taken into consideration. There is low volume over the weekend as global financial markets will be closed. Manage your risk accordingly.
by Waqar212
2
BITCOIN: HOLDING THE SUPPORT BUT UNABLE TO BREAKOUT.Hello traders, I hope your weekdays went well. BTC is once again to a point where it is holding the support but is unable to break out. For a reason, BTC is failing to break through the yellow-dotted trendline. Once we see a break out then we can expect BTC at $20.6k. On the bearish part, a rejection or a breakdown below the white support line may drop the price to the yellow dotted support line. I am still anxiously waiting for the break out keeping in mind the rejection possibility. Trade safely, guys. Happy weekends.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BTCUSDT Bitcoin support levels - $19,000 and $18,500 strong Support Bitcoin resistance - $19,500 and $20,500 strong resistance Market depends upon Bitcoin so we updated you about Bitcoin now trade according to this update & carefully. ——————————————————————— Analysis - BTC Support is at $19000 and resistance is at $19500. Trade carefully and manage your risk according to mentioned support and resistance levels. Bitcoin regained $19,000 level of support again with significant buying pressure from $18500 level. BTC closed its daily candle green at $19,164. Looking at 1-hour timeframe, BTC got resistance from 200 EMA. There will be low volume over the weekend as global financial markets will be closed. Manage your risk accordingly.
by Waqar212
1
BTC on verge of breakout, huge movement ahead !BTC / USDT Price came to the end of giant descending triangle pattern which mean a huge breakout soon What can we see in chart ? Price is trading in prolonged consolidation and there are 2 tight ranges : Smaller range (blue) :18.2k and 20K Wider range (yellow) :17600 and 22500 I interested more about the wider range because it will have more accuracy and a less chance to be faked out If major resistance broken, Next midterm targets 25K-28K-33K If major support broken down Next midterm targets 16k-14k-11k Dont try much short here, its very risky as we can see multiple fake-out/wicks before the valid breakout...Instead of that try to accumlate strong coins(which have a future uses) at the huge discounts Do you agree ? I wait your opinion in comments section below ⬇️
by Babenski
30
Max Pain Approaches, But How Low Can We Go?As stated in my last Chart a few months back, we are finally approaching the 2-week 100 Simple moving average. This moving average has historically acted as a magnet & major support for the market for the last 5 years. It would make logical sense that we see the same thing happen again. I see many calling for a $12K bottom, which is entirely possible, but we'll see if this 100SMA can continue to act as major support for the crypto markets again. Remember... Stay level-headed, be logical, and don't follow the crowd.
BITSTAMP:ETHUSD
by CryptoSyphn
BTCUSDT Bitcoin support levels - 18,600 and 18000 Bitcoin resistance - 19,500 and 20,000 Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath. ——————————————————————— Analysis Bitcoin forms a Descending triangle which is a Bearish pattern and the price is reached its major Support level which is near 18,900. If Bitcoin gives a candle closing below this level Bitcoin will Start declining and the next support level is near $18,500. Bitcoin Dominance is Also increased and reached its important resistance level of 42.18%. Rejection from this level could start downside movement.
by Waqar212
4
BITCOIN: PEOPLE'S NOTION.The expectations are high for BTC and yet this underperformance is killing people's patience. You can say it by viewing all the memes and posts on social media. People are getting restless with this silent move on BTC. They are expecting an explosion but BTC is quiet. This is the basic problem of the herds, they want quick results, and they want everything fast and easy. Anyways, let's get back to the chart. Current scenario: BTC is still under the rising wedge pattern and it is close to the support level. Yesterday, we saw BTC getting rejected from the resistance, as shown in the chart and now the price is at the 21 MA support. If we see a bounce and a breakout above the yellow dotted line then we can expect BTC to rally close to $20.5k. If that's not the case then we can expect BTC to drop close to $18.8k. I just hope that this rising wedge won't turn into a falling wedge cause if that happens then it will mess up the entire chart and the market sentiment. I hope this idea was helpful for you all. Do show your love and support by liking this chart and clicking the follow button. I would love to see you on my team in the upcoming bull run. Trade safely and happy weekday.
BITSTAMP:BTCUSD
by Dexter_The_Trader
3
BTC 2022 vs 2014Looking at BTC in the pre 2014 bull run the structure was the same as our pre 2020 bull run. Following that bull run BTC pulled back and touched the previous bull run peak and continued a bit further down to the lower mid cycle peak as depicted in the chart. In comparing to 2022 we are now in a similar if not near identical structure where BTC has come back down to the previous peak of $20,000 and holding the line so far. The question is, will #BTC hold this support or will it go down as it did in 2014/2015 and touch the lower peak from 2019? This remains to be seen, but I thought this was an interesting observation. I know I didn't capture much in comparing the previous cycle of 2014 vs 2018 structure but I assure you it is extremely similar. Buying at 20k vs 14k won't matter much once we start the next bull run, just up to you how you want to play it. This is if the bulls even allow BTC to go any lower or will they fight the teen prices.
INDEX:BTCUSDLong
by VercettiTrades
1
Bitcoin - reaccumulation. According to the instrument, we see re-accumulation, which is in the final phase before the start of the movement. Locally we can see the withdrawal of liquidity, which is above the upper limit of the trading range (creek). After which a test of the buyer's area of interest should follow. 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 make yourself and your loved ones happy.
by Artem_Dishel
3
Scalping the LONG SIDE? BTC Buys#btc #bitcoin #btcusd Since posting this chart some hours ago we had a few DMs asking would we take a buy short term trade here here on Bitcoin. Well as we mentioned earlier we wouldn't be interested until BTC was above our key level above 20k. Anyhow with a gun to our head as a very short term idea with risk managed one could enter at market looking for 4:1 reward to risk and still be within the current BTCUSD liquidity range. But like we always say in our lessons we rather be in late but with a smaller stop loss in any trade and so we only see that senario playing out for us once BTCUSDT is above 20k again. Have a great day all! We will continue to share our trade and chart ideas on this FREE platform if we see the interaction from the community, so PLEASE SUBSCRIBE TO SEEKINGPIPS HERE ON THIS PLATFORM.
BITMEX:XBTLong
by seekingpips
Two positive scenarios of Bitcoin price move by the end of 2022Looking at what is happening on the BTCUSDT chart, only one thing can be said with certainty - a protracted consolidation continues. Consolidation is a hard battle of attrition between buyers and sellers. The winner of this battle will organize a very strong impulse price movement. The victory of the sellers is the consolidation of the BTCUSD price below $18000 - a critical point (now buyers are trying hard to prevent this). In this case, a rapid drop in the price of BTC to $14k-12k-10k is possible, well, in principle, as most authors on Tradingview expect . But we are well aware that the majority can not earn the market, hence we get the following option The victory of the buyers is a much more difficult scenario, because they need to break the annual downward trend, so it will most likely occur in several stages. 1. Globally on chart, from June to now, buyers are trying to draw a reversal pattern "Double bottom" - the target of this pattern is +/- $34500 2. The first stage is the breakout and consolidation of the Bitcoin price above $20400 3. The second stage is to break the stops of shorts above $22800. And a lot will depend on how many stops are hidden there. If not many, then sellers will intensify sales and lower the price at the red scenario. 4. The third stage - the most important and difficult for buyers - is the breaking of stops in the $24700-25200 zone. This trading zone is the last bastion of protection for short sellers. And above it is emptiness and the possibility of unhindered growth to $28000-$28500 Well, the possible scenarios of the movement are described in detail, now we need to closely monitor their implementation. P.S: Also, we remind you that historically, October-November were usually "green" months in the cryptocurrency market. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
23
BTCUSD SHORTBTCUSD is has recently turned bearish on the higher time frames. We are seeing price behaving in a manner last seen in December 2018. We can also see changes in market structure from bulling to bearish with several price action patterns which further supports our bearish bias as per on the chart. As a result, we are expecting one of two things to happen, firstly we might see a repeat of what happened in 2018 which resulted in BTC creating and all time high reaching our target of around 100 000USD per BTC or we might see a huge correction which could potentially send BTC falling to around 3000USD per BTC.
COINBASE:BTCUSDShort
by NDOBObanks
4
BITCOIN Bitcoin support levels -19,000 and 18,600 Bitcoin resistance - 19,400 and 20,000 --------------------------------------------------------------------- Analysis Bitcoin price strong resistance around the $19,400 mark. Once Bitcoin price touches the $20,000 level, the bulls could help BTC rally further. Other hand, support for BTC was at $18,000 and a fall from that would push the coin to $17,400. Tomorrow is the weeky candle closing and if bitcoin closed below $19,100 then we will see the candle closing in the red.
by Waqar212
2