Btcusdforecast
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
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/USDT - 12.08.22 UpdateHello Traders!
The price of BTC continues to move within the ascending channel. After a minor correction, the movement continued, and liquidity to buy was removed by updating the maximum of the previous month at $24676.
Based on the daily timeframe structure, the formation of a resistance zone in the $24200-26500 is noticeable. Also, the liquidity for sale is formed, which with significant probability will be removed. We may consider opening a long position after the withdrawal of trend liquidity and a test of the support level of $19,000.
In that case, we can open a trade with good profit potential and with a reasoned stop loss:
Buy: in the range of $18600-$19100.
Stop-loss : $17600
Take profit: $22800 and $24200
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BTC 2022 $ projection bitcoin still holding inside our ascending bullish channel , if kept holding above the 22400$+ support, we will see price going to test the most important level for this year around d the 29k$+, cause if we broke it and hold above the 30k$, we enter a bull run for cryptocurrency .
on the other hand if we broke our ascending channel and close below the 20k$ this time , we going to see huge sell of this time till above the 13k$.
BTC: Channel red alert?Bitcoin
Intraday - We look to Sell at 25588 (stop at 26101)
Trading within a Corrective Channel formation. Daily signals are mildly bearish. Preferred trade is to sell into rallies. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Reverse trend line resistance comes in at 25600.
Our profit targets will be 24222 and 23822
Resistance: 25000 / 25500 / 26000
Support: 24500 / 24000 / 23500
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BTCUSDT 4h Local trading plan BTC for several daysToday we will analyze the local situation on the BTCUSDT chart
In general, the BTCUSD price is moving within the framework of our global idea, which we published 2 weeks ago and which is working perfectly:
Our BTC price target for the coming days is in the range of $25500-26000
Also, before reaching the goal of $26,000 per Bitcoin, a small price correction in the area of $23850-23900 is possible
Usually, in the cryptocurrency market, when the BTCUSDT price is the first to rise rapidly, alts first cautiously observe the behavior of the "father of cryptocurrencies". But when the BTCUSDT price after growth passes into a small and short-term sidestep, then altcoins begin to catch up with the price gap by BTC
Therefore, browse altcoins and look for growth patterns.
You can share your Alts charts with arguments for growth here, we will search for the truth and make money together)
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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 :)
BTC Try to Breakout BTC / USDT
This is how i see BTC right now
New flat resistance is formed after the recent 3 rejections from 24k and ascending triangle pattern is detected
Overall ,this is the 5th time BTC is touching 24k resistance ,So there is a high chance of success this time Or the next one(Resistance becomes weaker over times)
What targets if BTC made a breakout?
This first local resistance is 26k followed by 28k and finally 31-32k (final target of ascending triangle pattern )
Will BTC Breakout this time ?
Tell me in comment section below ⬇️