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Btcusdforecast

BTC must break above 20550!As you can see the price is getting close to the top of the downtrend channel here. Must take and close above 20550 for higher levels to be seen (green arrows) Failure to break the trendline will get the price down to 14k if not lower. My ideal pathway is a move up (ideally to 30k+, might be limited to 27-27.5k) by the EOY and much lower in Q1 of 2023, ideally below 10K. I personally would like to see the price below 8k at some point next year, that alone will screw everyone out and make people exit and run with whatever left from their holdings. And only after that (panic exit) the price will start move and will be 10x to 80k plus if not more on the next bull run cycle (which should be stronger then we saw last imo) Expect lower before the bear market is over, more pain to be seen next year
CME:BTC1!
by RealTima
4
"Inverted hammer" appeared on BITCOIN chart what does this mean?The previous trading week on the chart BTCUSDT closed presumably with a candle: Inverted Hammer This Japanese candlestick pattern consists of a bearish candle (red), followed by the Inverted Hammer candlestick, which is characterized by a short body, long upper shadow, and almost without lower shadow. Its appearance on the chart completes the downtrend and signals a bullish reversal. Inverted hammer pattern criteria For the reliable identification of the inverted hammer, the following criteria should be met on the chart: - The market should be dominated by a pronounced downtrend, which can be clearly identified on the chart. - The first candle of the pattern should be a bearish candle with a long body (relative to the average length of the body of the previous candles). During the next candle forms an inverted hammer candle, which has a relatively short body length, located in the upper part of the trading range. It does not matter whether it will be bullish (green) or bearish (red) - The upper shadow of the second candle should be at least twice as long as its body. - Ideally, the lower shadow should be completely absent, but in the practice of analysis, it is acceptable, if its length is insignificant. Signal confirmation The inverted hammer bullish reversal pattern should definitely get the final confirmation in the form of: - a bullish candle with a long body, provided that the trading volume is high; - price break upwards with the formation of a bullish candle. That is why, the BTC price should rise at least to $21.5-22k in the current trading week, as we show in the chart Psychological rationale The formation of the model occurs against the background of a steady downtrend, and the bearish candle with a long body just confirms the domination of the bears in the market. The next trading candlestick opens at or near the price low. During this trading candle, the bulls take the initiative, which creates a long upper shadow, but when the candle was closed the bears regain the lost positions. Further action by market participants will depend on the final confirmation, which will be received or not received on the next trading candle. If the market gets a clear confirmation of the trend reversal, the bears will begin to close short positions, and the bulls will increase pressure on the market, and the price will naturally accelerate growth. Buy and Stop Loss levels The model is considered to be confirmed if the price has crossed the level passing through the middle of the upper shadow of the inverted hammer, in our case the Buy signal will be if the Bitcoin price fixed above $19716 Stop Loss level is defined as passing through the lowest of the last two price lows, i.e. below $18180. Close a long position and fix the loss in the case, if the market has closed and consolidated below this level. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
48
bitcoin btc Crypto market update Bitcoin support levels - 18,940 and 18,500 USD strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - 19,400 and 20,100 USD 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 18,940 and major support at 18500. BTC got a good bounce from 18940 support. 19,300-19400 is resistance and major resistance is at 20,100. Trade carefully and manage your risk according to to support and resistance levels. 7:00 PM Pakistan time, Federal Reserve Board will be having a closed-door meeting and ISM Manufacturing figures will be released so be careful during 6-7:30 PM.
by Freefxss
1
BITCOIN: SIDEWAYS.Hello everyone, I hope you all are doing great. I am back again with an update on BTC in 4 hours timeframe. Update: After a series of pump and dump, BTC somehow manages to calm down. In a shorter timeframe, it is moving sideways ranging between $18.4k to $20.3k. It's been a couple of weeks and all we can see is a bounce back and rejection in between the two trendlines. The recent move in BTC seems to be bearish and it is quite possible that we may see BTC back to the $18k range and then a bounce back. In order to show some magic move, BTC must break through the $20k barrier. Note: If BTC happens to break down further then going long on BTC (after confirmation) at around $18.4k will be a good choice. Please do your own research before investing. I hope this idea was helpful. Trade safely.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
4
TheKing Moon or Mars - Everything is in graph. - Everything is based on Fibonacci (extensions and retracements). - This scenario is likely to fail, so don't take it as a financial advice. - This is just a scenario nothing more, nothing less. ------------------------------------------------------------------------------------------------------------------------------------ - Take also in consideration, this scenario is only based on two basic reasoning situations : ------------------------------------------------------------------------------------------------------------------------------------ 1/ The Bearmarket : - The real bearmarket started from April 2021 (First ATH) - The Second ATH (November 2021) was just a fake, a fomo created by people's witch missed the first train. ------------------------------------------------------------------------------------------------------------------------------------ 2/ The Brrrrrr Machine : - if they start to brrrrrrr ( UK just started ), more will follow. - this scenario could happen more fast than we think. - BTC was created to fight inflation. ------------------------------------------------------------------------------------------------------------------------------------ - Feel free to add your comments and ideas. - Sometimes, it's better to keep silent than speak without thinking. - Take it easy. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
41
BTCUSDT Oct 1 22🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION
POST HALLOWEEN BAG GRABS!!! 2 minutes ago Somewhere on Coast of the USA This is a meaningful description of my analysis and prediction. I'm walking you through my processes now. IF i were in your shoes I would question the validity and expertise of this author and judge the value of accuracy in about 9 seconds. How many followers? Do people comment on the posts made? After that, I'd look back at the chart and read the Happy Halloween and see an GEAR icon. Most importantly notice the very simple diagonal trend line downward that wrapped in a GANN STAR. IF THIS POST WAS STRIPPED DOWN TO THE BARE ESSENTIALS, that one line would be the only thing I would leave on the chart. Then I'd sit and stare at the easy-going simplicity for awhile and make some future plans about an EPIC TRADE of the Year!
COINBASE:BTCUSD
by CryptoWhether
2
BITCOIN: ONCE AGAIN AT THE SUPPORT LEVEL.Hello traders, it's been quite a roller coaster ride since yesterday. Here's a quick update on BTC in 12 hours timeframe. Preview: In our previous 2 hours TF update, we saw how BTC got rejected exactly from the $20.3k resistance level and we made a save exit on BTC, ETH, and OP trades. Update: Currently, we can see that BTC is back to its previous support level and it is important for BTC to hold it tight. A breakdown below this level could mean a fall below the $18k and that will lead BTC towards $17.6k. Now, $17.6k won't be an ideal place for BTC to stay cause that will disturb the entire trendline and invalidate the rally. A shadow can be expected but a breakdown and close below the support is not something that we want. RSI: The only good thing in this chart is the RSI. Even though the market is dropping down, the RSI continues to rally up. This is one of the strong bullish divergences and I expect something good out of this. That's it from my end. If you have any thoughts or ideas on the recent BTC move then do share them in the comments section. God bless and trade safely.
by Dexter_The_Trader
$BTC Final Leg downOkay, I'm back. Been away for a while. Just sitting on the sidelines watching certain parts of the space make assertions for bullish runs back to the ATH, 100k, and bitcoin bottoms and even saw a few who compare data from 3 years ago to now as if the economic conditions globally are the same. Now there's nothing wrong with these assertions, however, I do believe they lack perspective because many aren't taking into account the current state of the world. Nevertheless, nothing has changed in my analysis, thoughts, or personal opinions when it comes to the direction of bitcoin. As is charted back in march the S&P500 the direction was down, why? because world as well as the U.S economy is in a terrible state. Even though the fed's didn't raise rates by that much then. I pretty much assumed they would do what they did now. Which was raise rates by 75bps, because the obvious is happening. We are heading into a harsh recession. I still feel that way now, but with inflation being a primary concern and the fed hiking rates by 75bps and continuing to hiking it to i believe to 150bps next the fed is using a method called quantitative tightening (you can think of it as the fed putting inflation in a chokehold) to get hold of inflation , which hurts the stock market in the process and could last for 2 years. With the fed trying to get a hold of inflation, the current state of the world, and U.S., and the performance of the stock market. It's imperative to remember bitcoin and the whole crypto market isn't a mature market yet, it's fairly new. So it's going to fall to the whims of stock market (mature market) movement because it's reflects investor confidence. In other words and simply put whatever the stock market is going to do, bitcoin is going to do. I made a chart previously that showed on the weekly TF that on the entire chart that most of the trading volume is at 9k. Which tells me in regards to S/D trading technique that is where most of the demand is for $BTC. This chart that i've have created should be the last leg downward for bitcoin. As you can see on the chart bitcoin as drawn out the same patterns over and over. This is why i didn't understand why people were calling for bottoms at 17k? Based on this bearish pennant that it's currently forming we should expect to see 9k btc, with the likely of touch as low as 7k briefly. This all aligns with everything i have been saying since january, i have not changed my stance. Whether you like it or not.. we will see 9k. I've told people months ago, to put money to the side because you're going to get an opportunity of a lifetime with some cheap entries into your favorite projects. This is where millionaires will be made...😎 take advantage!
BITSTAMP:BTCUSD
by Nick.TkgProfits
3
BITCOIN: THE FACE OFF.Hello traders, here's a quick update on BTC in the hourly chart. BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at $20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest. What is your thought on this recent rally? Do share in the comments. Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart. Thank you for your support.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
13
BITCOIN BTC price forms "Double bottom" before the growth startWe want to believe that a "Double bottom" or an "Adam and Eve" pattern is forming on the Bitcoin price chart By the way, how this pattern works was clearly demonstrated by the XRPUSDT price. So, the BTCUSDT price is at a conditional day now, and I want to believe that October will be a month of growth. The intermediate goal of working out the "Double bottom" pattern is $29,000 The global goal of growth within the scope of working out this pattern is $34-36k Below $18,000 there is emptiness, there is no liquidity, and accordingly a fall to at least $12,000 very possible. The most alarming thing is not the possibility of the fall of the crypto market itself, but the fact that very, very many small and medium-sized participants of the crypto market are waiting precisely for a fall to $12,000, and not for growth. But the realities are such that the minority earns on the crypto market, and the majority loses. Well, time will tell everyone..., we realized our thoughts on the market by trading with compliance with risk management under the following conditions: _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
36
BTC daily and weekly chart sharingDaily chart: There is still resistance at 20500, 21391.01 and the trend line above. Before breaking these resistances, BTC may continue to show a lower high and lower low trend. The main support price is around 17580. If BTC forms a second bottom here, there is a chance to get out of the double bottom pattern. Target price above: T1: 22300 T2:22800 T3:25214.57 - Weekly chart: The current price is in the support range of 1.272~1.382. If the price falls below the support range, there is a chance to come near 14900 and 10644.13. -
COINBASE:BTCUSD
by noah_chen
1
BTC Market Analysis 09/2022BTC moving in a symmetrical triangle. There is a tug of war between bulls and bears. Complete indecision in the market. Weekly close is near high volatility can be seen. In order to decide for orderbooks we have to keep an eye on a successful breakout with a good volume or a retest, which will confirm the next move of BTC. Currently its swinging between the weekly close and high. Currently the DXY is moving to higher highs which has a complete reverse effect on BTC movement, so we have to keep a look on DXY too because Bitcoin moves completely in opposite direction to DXY & we all know whats happening with US $. Best of luck!
CME:BTC1!
by MetaFutures
BITCOIN: HOURLY UPDATE.Hello traders, welcome to this hourly update on BTC. Update: BTC has been well maintaining the support level in a higher TF and in a shorter timeframe, it is going sideways forming a symmetrical triangle. I would still consider $18k to $18.5k a good support level for BTC. We may see some big moves in the market soon and I would prefer a bullish move. We are close to the weekly close and this time a weekly close above the $19.5k will be good for the market. What do you think about the current market scenario? I'll update more on it soon until then trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BITCOIN: AN ANTICIPATION.Hello traders, I hope you all are doing great. Here's a quick update on BTC in 12 hours timeframe. Preview: According to our previous update, BTC is still holding the support level and it is trying the best it can to bounce back. Due to the FOMC press release, we saw some extra drama in BTC but still, it is holding on. Update: As BTC is maintaining the support level, it is interesting to see how the 21 MA is holding the price to rally higher. Currently, the price is exactly at the 21 MA, and this time whether BTC will break above it or below it will be a tough call. Technically, even if BTC manages to break above the 21 MA, it still needs to face the $21k resistance and then the $22k. But a rally up to that level itself will be good for the market. Conclusion: Like I said before, until and unless BTC goes below the support level, we are good to go. Breaking down below it will be a good opportunity to accumulate. With this thought, I would like to rest my case. Share your thoughts and ideas if you have any. I would love to read them. And also, thank you so much for your support and motivation. Have a blessed day.
by Dexter_The_Trader
8