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Btcusdforecast

BTC @ Critical Support Level The idea here is about BTC: Since the last published idea about BTC Right now we are at a very critical support level on a daily chart with ascending triangle formation. If price moves up we might have a resistance at 20.3K. This week will be crucial and will decide which direction the price is heading. Points as per TA on a Daily Chart: 1. Ascending Triangle formation & broken out of falling wedge on daily chart as per below: 2. Bullish Cypher pattern completed on a weekly chart & potential trend reversal expected. Long Entry, Stop Loss, Targets are explained detail in the below chart: 3. Sea Pony (Advanced Harmonic pattern) completed on a weekly chart & potential trend reversal expected. Target and pattern explained in detail as per below chart: 4. Current trend from 8th November 2021 till date has formed a falling wedge pattern with Lower Lows (LL), Lower High (LH). The price is very close for breaking out of the trend as explained in the below chart: 5. Trading way below 50 & 200 EMA on daily & Weekly chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a Monthly is strong buy, Weekly & daily chart is Strong bearish at the time of publishing. 7. RSI is at 42.89 on a Daily chart, 34.09 on a weekly chart & 41.69 on a Monthly chart at the time of publishing. 8. MACD almost converging towards signal line on daily chart, hopefully it will bounce back above the signal line. 9. Hull Moving average on a Monthly, Weekly is strong buy & daily is sell at the time of publishing. 10. Entry: I would suggest wait for confirmation on long or short entry. Since, unable to know which direction the price is heading. However, keep in watch list for the week & alert for price momentum. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
BITSTAMP:BTCUSD
by Tron029
BITCOIN: CLOSE TO THE RESISTANCE.Hello and welcome all to the BTC update. Timeframe: 6 hours. Update: We saw a good 6% move on BTC yesterday which was indeed a good profit. BTC has once again surpassed the $20k price level but we still have the same problem to tackle and that is the resistance trendline. This time the resistance trendline is close to the $20.6k level which is a crucial point for BTC. It is good to see BTC making a jump like this but we also need to be careful with the rejection. Few reasons why we need to be careful: 1. This RSI is at the overbought zone and eventually, it has to go down which means BTC needs to show some correction. 2. Resistance trendline, BTC has been strongly getting rejected from the resistance trendline in the past and it could continue to do so. In an easy way, if BTC breaks out of the resistance trendline, things could go pretty well for the market. A rejection, on the other hand, could possibly be a drop toward the $19k. That's it for now. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
5
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