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.🧅
Btcusdforecast
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!
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.
$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!
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.
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:
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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
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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.
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BTC Market Analysis 27/09/2022BTC again bounced from the trend-line of the symmetrical triangle and consolidation in the symmetrical triangle continues.
Bulls have tried to break the resistance trend-line many times but ended up in fake-outs or rejections.
Now we have to wait for a breakout with a retest, which will confirm a bullish move in the market, and a breakdown of the demand zone with a retest below it would be a sign of a bearish move in the market.
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!
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.
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
BTCUSDT 6h How The Fed meetings affect the BTC price Today, the attention of participants of all markets: cryptocurrency, stock, etc. chained to the meeting of the Fed and how much they will raise the rate. Forecast +0.75%
Before we analyze on the BTCUSDT chart how the price reacted to the FED and Mr. Powell statement, it is worth understanding one thing:
Indicators of fear and "pain" are simply off the charts. Many investors are already squeezed like lemons from being constantly under stress and fear of the sinking of their deposits and on the psychological edge to give up and what will happen next will not matter. It is during such periods of psychological upheaval that even the slightest positive on the horizon or even the absence of additional negativity can trigger rapid growth. The first wave of growth can be triggered by mass closings of shorts. Closing of short positions (shorts) by large and medium-sized funds or investors is buying on the market, and this is equal to a large green candle up.
Inflation has already peaked, and in late 2022 or early 2023, the Fed rate may be higher than inflation. In this case, the regulator gets the green light for stimulus, starts the "dollar printing presses" at full capacity and the markets soar. This was the case in March 2020, when the markets began to be supported against the background of the Covid-19 crisis, look at the trade history or remember it that way.
Now on the rates announced by the Fed, expectations, fact, and market reaction:
.........................Fact.......Forecast.......Previous
09/21/2022,........................3.25%...........2.50%
27/07/2022,.........2.50%........2.50%...........1.75%
15/06/2022,.........1.75%........1.50%...........1.00%
As we can see from the BTCUSD chart:
- 15.06, the rate was raised by 0.25% higher than expected, at first the prices shot up, but then the minimum was updated by -16%, which set the minimum for 2022.
- On 27.07, the rate was raised to the expected +0.75% and the Bitcoin price increased by almost +17% during the next 3 weeks.
- 21.09 if the rate is raised to the expected +0.75% or less, the markets will undoubtedly soar. If you raise the rate by +1% or more, accelerating the possibility of starting a printing press, a short-term market drop is possible. With this fall, large funds can tear off all the stops of small and medium-sized "long players" and, at increased trading volumes, sharply close shorts and turn into longs. This is a double buy, a large green candle to the upside and a V-reversal on volumes.
Summarizing:
The most negative forecast that can be seen now is a drop in the BTC price to $15800-17200 with subsequent sharp upward buying.
If you are a medium to long-term trader, in our opinion now is the best period to place limit orders below to the "grid buying" in order to get a tasty average price as a result.
Closing old longs is too late, opening new shorts is dangerous.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BITCOIN: BREAKOUT IN HOURLY TIMEFRAME.Hello everyone, we are a few hours away from the FOMC meeting, and here's the BTC chart in a lower timeframe for better understanding.
Update: The FOMC meeting is about to take place and BTC broke out in the lower timeframe. Can this be a good sign for the market? For that, we have to wait. If this breakout turns out to be true then we can expect a good rally after this FOMC meeting. If not then be prepared for another bearish move.
Trade safely.
Levels and Price projections for BTCSo far we did not lose 12.618 fib and a level on a daily close. If that happens, there is a few stuff pointing us to around 15K for start.
1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support.
2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower).
3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-)
Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past.
This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
BITCOIN: THIS IS IT.Hello guys, welcome to this BTC update.
The weekend went well but the beginning of the weekdays went wrong. All this was expected and you knew it if you followed my ideas.
Anyways, here's a quick analysis of what could happen next.
Recap: In our previous update, we discussed how important the current support level is and as it is still holding the support, we still have that one chance to bounce back.
Update: We expected and it happened. BTC is once again back to the same support level and this time it is under the descending triangle formation. Things are pretty clear here for both negative and positive impacts.
Positive Impact: If BTC can hold this support level then we can expect a bounce back soon. Maybe a quick drop towards the $17.6k level.
Negative Impact: If BTC breaks down and closes below the current support level then the descending triangle will play its part.
That's it from my end for now.
We will wait for now.
Do comment your ideas and analysis in the comment section.
Thank you for supporting.