Btcusdforecast
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
BTC Buy signal on DailyIn the history of the BTC, when we get a blue, buy signal on the Hash Ribbons indicator, we had nice pumps. Sometimes it was macro low, sometimes was not. But on the Smallest end, we had a 33% pump, and we had much much higher.
1. Average Pump before the major correction was around 60%. That was average, but you can see it was from 33% to 240%+-
2. Average days around 40.
Don't forget, if you look at the chart, it does not mean the moon now. It can test last low, before signal in this case around 17.5K (in history it did not break it, but it has retest it before pump)
Not Financial Advice DYOR.
BITCOIN CONSOLIDATING & PREPARING FOR UPSIDE.BITCOIN CONSOLIDATION & PREPARATION FOR A MILD BOUNCE FROM THE ASCENDING TRENDLINE.
Bitcoin has been consolidating on the ascending trendline which had been established over the past 2 months since its price bottomed in mid-June. The move looks to have been completed & relief on CAPITALCOM:BTCUSD price seems to be in the works.
RSI
The RSI on the 1H is at 30 (barely oversold), RSI on the 4H is at about 26 at the point of writing, and on the 15M, we can see RSI at the mid-range of 50. On the macro time frames the signal would be that after the latest capitulation move CAPITALCOM:BTCUSD is ready for relief & we should be eyeing a move to the ~61.80% level to the ~38.20% Fibonacci levels.
BB%B
The BB%B indicator with a longer period of 75 shows that there has been a double bottom of price action, which is also reflected on the chart at the support levels of $20,800 where the price has already bounced twice. We can expect to see a strong expansion or oscillation of the indicator to the upside above 1.0 readings over the next 36 hours from the writing of this post.
Targets
Based on the cyclical timeframe measurement, we should be able to expect the price to hit targets of $21,550 within the next 24 hours of the time of writing.
The secondary target for the relief bounce of price would be $21,795 within 48 hours of the time of writing based on the cyclical timeframe measurements.
If you managed to fill your entries around the $28,000 levels, you could expect a 3.18% move to the upside at target 1 ($21,550) & a 4.56% move to the upside at target 2 ($21,795).
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As usual, this piece of analysis is simply my perspective & due diligence is imperative when you are entering your trades.
Leave a like or comment if this piece of analysis helped.
Good luck trading.
NOIV
BTC forecastHi guys
Bitcoin price dropped from 25000. This area is not strong enough to cause the previous floor to break.
For this reason, in my opinion, we can see the return of the price from around 19800-19700. So, I am looking for the buy (long) trigger in the specified box.
The first target can be the range of 24000 and then 25100, 27200 and finally 29000.
As you can see, I don't have a precise opinion about the final target of this upward move and I prefer to move with the price and wait for the sell (short) trigger in the specified areas. (targets)
Wait for the next update of this analysis for the next move
good luck
BITCOIN: MUST HOLD! Hello guys, welcome to this BTC update. I going to keep it easy and straightforward.
Time frame: 8 hours.
Recap: BTC couldn't keep up with the $23.5k to $23.5k support range in 4 hours TF. My previous post mentioned the bearish rising wedge pattern, which broke down hard.
Update: In the last 5 and half days, BTC has dropped by -15% and we can literally see the entire market reacting accordingly. In this 8 hours TF, we have strong support at $21k and BTC must hold this support line by any means. We can expect a bounce anywhere close to the support range only if BTC manages to stay above the $21k range. Dropping below this range will be critical.
Can this be a good time for accumulation?
- If BTC holds this level then yes, it will be a good range for accumulation. I am accumulating BTC at this range.
I hope this update is helpful for you.
Trade safely.
BTCUSD first UP then DOWNHi fellow traders, BTCUSD still looks like a sideways correction and it's getting longer and more complex as the weeks go by. We are still expecting a final wave lower after this WXY correction ends. Watching closely for a sell opportunity from the blue box area. We will be updating the charts if the structure changes. Goodluck!
Potential reversal of BitcoinBefore starting an another bitcoin prediction i want to make it clear, I have been long from 19k level and bought some altcoins as well like Theta, Chainlink and Avax, I am okay if btc does another leg down. I have only invested small portion of profit which i did last May 2021.
BTC is either collecting orders at support level or taking a break for another leg down. However my estimation is bull up for upcoming reasons
Fear and Greed Index, Whenever Fear is lower than 15, it is a good time to go long, whenever greed is higher than 80, prepare to drop your bags)
20k zone, This zone was a peak of 2017 bullrun and so many investors are either going for BE or adding to their position.
BTC is making HL, each pullback is leaving higher HL on the chart, this means BTC can go parabolic on potential bull run.
Despite of high FED interest and high inflation, markets did not give up as much as Covid panic, this makes me thing that maybe BTC is outperfom rest of the indices.
Wish you all the best luck guys.
Risk management if we break 26k i will bring my SL to BE which is about 19k, same goes for my altcoins as well.
Good luck
BTC hit the min upside targetI think BTC hit its high over the weekend and now we should see some pullback and then one more push into 24500-28400 zone.
Also it doesn't have to stretch that high.
I'm still in the camp of this to hit 14.1-14.8k with ideal stretch to 11.8k and maybe lower.
I'm going to buy the 11k zone, might not come till Q1 of 2023, but this is the waiting game in it's own cycle.
BTCUSD-1H Analysis Hello traders,
Hope you are having a spectacular weekend.
Above is our analysis on BTCUSD. We are overall still bearish as we continue to believe that there is one more massive impulsive wave to the downside given that certain trading conditions and parameters are met.
From 24.5k-26k we would be looking to short, that would be a risky entry since there would be no prior confirmation other than structural points .
Hope our analysis helps you towards profitability
God bless,
ETGL TEAM <3