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Btcusdforecast

BTC (short term analysis)BTC / USDT Price is hitting 1st critical support zone mentioned in my last analysis 19500$ from there we got small bullish reaction and formed a small falling wedge WHAT NEXT ? – If falling wedge resistance broken upward we are looking for 21500$ - 23000$ – If support zone break down with daily close below 18800$ we are looking for 17k or lower So, Never trade without plan Iam waiting your thoughts and opinions about BTC in comments section below ⬇️
Long
by Babenski
35
Holding my short down through giant BTC bear flag Yesterday I opened a short on BTC at 19950. Right now it looks like we are waterfalling down from the giant bear flag that was last month. I've placed a stop loss around 22k, and planning to hold until the upper 18k area; then I'll reassess the situation and see if I should take profit or potentially add to the short. This idea is more of a swing trade for a couple days; it's not meant as a short term trade, and I'd recommend having a wide stop loss and smaller position size. Because of Powell's speech Friday the general sentiment is bearish; stocks have dropped significantly over the weekend as well.
Short
by fluffystat
4
BTC weakening I haven't posted on here for quite a while, so I decided to update you on BTC. We can appreciate that BTC has been forming bearish flags throughout this bear market. These are typical distribution patterns where traders take profit and bottom pickers gamble based on thin assumptions. We can see that every time BTC broke out these formations it resulted in a strong volatile move to the downside. We also have similarities in how every time BTC recovered above the 52 MA, the loss of it would validate the pattern providing resistance and points of entry for shorts. BTC had a mild reaction based on the last inflation data that had found resistance at the Anchored VWAP of the bottom of 2018. VWAP are level of interest where institutions look for liquidity in either sides (Supply and Demand). Institution and big funds to enter or unload their bags need a high amount of liquidity in order to fill their orders or pass their assets to you, otherwise they would create a strong reaction in the market or simply lose money in the spread created. VWAP is volume weighted average price so track the price average weighted for its volume suggesting areas where the price has strong volume. BTC at the moment has clearly broke out the formation, however this time it seems there is less gasoline on fire. We have a very important level to keep our eyes on which is the previous 2017 peak. This level proved to be a strong support. At the same time the price have been overstretched to the downside which is clearly shown in the oscillators. I would be cautious at this point as strong volatility may enter in both sides at this 18800. The pure target of the formation is down to 11k which is a strong possibility now. However pay attention at the data at 18800 as things may reverse quickly. Short term I expect a retest to the broken support of the formation before a continuation to test the 18800 support. At the moment I am staying on the sidelines waiting for a strong candle signal which either confirm the downtrend and show a potential reversal. In my community we have recognised the warning signs early and we are out since 24000 avoiding a 17% drawdown of the last drop. Just always remember to use sound risk management...DCA can be powerful long term (5 to 10 year) but short term will destroy your capital as I believe we don t have infinate fund and you will find yourself in a strong losing position. DCA is best at the beginning of a bull trend rather then in a bear market. FOLLOW ME, SHARE, LIKE AND COMMENT
by CFcryptoTA
BITCOIN: BROKE DOWN BELOW THE SUPPORT.Hello traders, here's a quick update on BTC in 8 hours. Recap: In my previous update, I mentioned $21k to be a support zone for BTC. It did try to stay above it but ultimately failed to hold it. Update: The current scenario isn't looking suitable for BTC and if it continues to drop then we have support at $19k. The interesting thing to see is even after this drop the RSI is making a bullish divergence. Can this be a fakedown? Maybe. If not then $19k could possibly be good support for BTC. I have been accumulating BTC lately and I will continue with my accumulation instead of closing it. Let me know what you guys are thinking about this recent drop. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4
BITCOIN: NOT GIVING UP!Hello traders, welcome to this BTC update. Timeframe: 8 hours. Recap: In my previous update, I mentioned $21k to be an important support for BTC in lower TF. And if it manages to stay above the support, we can expect a good rally on BTC. Update: BTC is still in the same zone ranging between $21k to $21.6k. It has not shown a significant pump but it is still above the support level. So far, BTC is doing good and the only resistance I can see is the 21 MA close to $22k. If BTC manages to break through it then things will be interesting. Conclusion: I have accumulated BTC at the support level. Let us see how the market plays out. If BTC breaks below the $21k then I will exit major positions and then buy back at the lower levels. What's your strategy for the upcoming BTC move? Do you expect a rally or a dump? Do share your ideas. Trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
12
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.
BITMEX:BTCUSD.PLong
by SasaT4NG
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). ------ 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
CAPITALCOM:BTCUSDLong
by 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
Long
by mahdiomidi
1