Btcusdforecast
Fractal BTC recovery - AMZN 2009 recoveryIn 2008/2009 AMZN stock saw one of its biggest crashes. It wiped out 64% of value in about 10 months. BTC saw a similar crash in 2022/2023 wiping out about 75% of its value.
Let's speculate that BTC would see a similar recovery as AMZN. This would mean BTC recovers 276% to about 65k per Bitcoin.
Because AMZN did it after 2008 it's certainly a possibility. Cryptocurrencies are also traded 24/7 so in a year it would have been available to trade much longer as AMZN stock.
Just a speculative idea on what is possible.
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.
BTCUSD (HIGH PROBABILITY SELL SETUP SOON)Hello traders, hope you all are having a good weekend,
Here's a quick brief news update regarding Bitcoin, cryptocurrencies undisputed KING. Bitcoin tumbles to new 18-month low as crypto sell-off accelerates. The world's largest cryptocurrency fell as much as 7.8% to $20.289, its lowest since December 2020. It has lost around 28% since Friday & more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%.
Here we can see the clear Divergence on the RSI Indicator from the actual price action on the chart, baring in mind we're using H1 time frame for a clearer view of our analysis, hence we can't predict the duration of the market moves,
Keep a close eye on BITCOIN world's no1 cryptocurrency,
Happy PIP hunting traders.
Bitcoin: A potential path back to $25,000 (and beyond). Conditions in Bitcoin have been improving over the past month since bottoming out around $18,000 in late June. After analyzing several factors such as market breadth, multiple time frames, and inter-market correlations, I am looking for Bitcoin to move slightly lower (maybe around $20,000) before ultimately making a move up to re-test the $25,000 area over the intermediate term (4-6 weeks, give or take). However, if Bitcoin breaks the $18,000 lows, the situation would likely deteriorate rapidly - but thats a story for another post. In the meantime, waiting for a bit more of a pullback could offer some nice opportunities with favorable risk/reward ratios for Long side trades.
In the future, I plan go into greater detail about the underlying analysis that lead me here, so if this is something that you'd be interested in seeing, please let me know in the comments.
Thanks for reading, and best of luck out there.
BTCUSD - BULLISH BIASI still have a strong bullish BIAS on the Daily Timeframe. In reference to yesterdays analysis, I wanted to see the market close above the $24269 level then expect a reversal before a final push to the upside $28k. The market has decided to just wick my zone and on the 4Hour timeframe, the market is showing reversal strength which I will talk about in the next analysis update.
I will be looking to take long around $21900 if I see confirmations.
BTCUSDT 12h Bitcoin and altcoins trading plan for the weekendToday we will share our thoughts on the BTCUSDT pair and in general what can happen to altcoins during the weekend.
In the previous days, we were very pleased with the growth of Bitcoin and the growth of altcoins.
Especially the growth of altcoins, because they grew by +30+70% making it possible to record excellent profits.
We openly publish part of our trades here on Tradingview for all subscribers)
So, the weekend is ahead. The ideal scenario, in our opinion, would be a smooth growth of the BTCUSD price to $24700. From this mark, a rather wide consolidation of $22200-24700 can begin, in order to gain strength before further upward movement of the BTC price.
Well with Bitcoin price figured it out.
Considering that USDT dominance is still falling, and the trade volume of the ETHUSDT pair is only 35% less than the total trade volume of BTCUSDT, we can say with confidence that capital is flowing into alts . Therefore, if the BTC price will grow smoothly, then the price of some alts can still shoot up a lot.
But you have to be careful on the weekend , because the correction can take away all the profit given by the market for the previous few days.
And in order not to give profits to the market players, we're personally pushing our stop up in the course of price growth.
Take profits on medium-term longs of altcoins, some of which have not yet worked, are in the range of +10-20% of current prices.
Have a nice and peaceful weekend everyone, do not give away the well-deserved profits to the market players.
And at the next week we will please you with new trades and analyses)
_______________________________
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 :)
BTC retest resistance zone (Round 2)BTC / USD
Since 6 weeks in row BTC is trading inside the boring range between 18k - 24k
First try to break this range failed as fake breakout which rapidly absorbed by huge sell pressure
Today in Round 2 , BTC Bulls pushed the price up again providing HH and HL. and retesting same resistance
In my opinion,what will happen here will determine next long run for next months
What are the possible scenarios ?
1- Breakout and close above last local high and weekly candle is also closing above 200W EMA
Then we are looking for bullish market towards next major resistance (28k-30k)
2-Strong rejection , failure of HH and HL to continue and weekly close below 200W EMA : then we are looking for new local low
What do you think will happen in ROUND 2
Comment below ⬇️
BITCOIN:: IS THE RECENT RALLY GOOD ENOUGH???Welcome folks to this new update on BTC. I am gonna keep the chart clean and simple for you guys.
Timeframe: 3 Days.
Update: In my previous 4 hours update, I mentioned the drop between $20.1k to $20.7k and the volatility in the market after the FED news. Well, BTC didn't drop up to $20.1k but it drop up to $20.7k which was under the given range.
FED & FOMC News: With the FOMC press release, we saw the market taking a rally which was a surprise for many. After the recent FOMC news, BTC is 10% up ($21150 to $23480).
Current Scenario: In a 3-day TF, BTC is facing a slight resistance at $23150 where we have a 21 MA resistance. If BTC manages to break above this then we can expect BTC to reach the $28.7k to $31.8k, a psychological resistance level.
Conclusion: The entire market is pumped right now which is not natural. It is all because of the FOMC news released yesterday. There's no doubt that BTC can rally higher from the current level but a correction will be a perfect balance.
Key Point:
21 MA : Break out above it will boost the rally.
I'll update more on it in the coming time until then trade safely.
Thank you.
BTCUSDT: Elliot Wave Intraday TradingHello everyone
Bitcoin price has formed an upward correction in wave 4, after which it may continue to decline rapidly in wave 5 of wave 3 (in medium-term wave 5 of wave C in ABC wave pattern).
The general dynamics in the derivatives market is a bit strange, so I marked a critical level of activation of alternative versions of the situation.
I do not publish the alternative scenarios yet due to their ambiguity.
In general, now is an excellent place to open a short position with excellent risk to profit parameters.
It is possible to open a short position now and increase the volume on a breakdown of the minimum of the current wave 3.
Best Regards,
CEO Tornado Capital
WYCHOFF REDISTRIBUTION SCHEMATIC?!The failure to generate new highs signals the start of the distribution phase. This phase displays rangebound price action similar to the accumulation phase but marked by smart money taking profits and heading to the sidelines. In turn, this leaves the security in weak hands that are forced to sell when the range fails in a breakdown and new markdown phase. This bearish period generates throwbacks to new resistance that can be used to establish timely short sales.
Price can go around 25000 and then falls back. It looks like a fake pump. Bearish divergence as well.
BTCUSDT: Elliott Waves Intraday TradingBitcoin price continued its decline in wave 5.
I did not have time to open a short position as I expected a longer correction in intermediate wave 2.
At the moment, I plan to open a short position at intermediate wave 4, after which I will expect an acceleration of price movement downwards.
I do not consider opening long positions yet.
Best Regards,
CEO Tornado Capital
BTCUSDT 1W What awaits us in the coming weeks on Bitcoin priceToday, the week started with a joyful green candlestick on the BTCUSDT trading pair.
Alts also woke up to growth, but the most important thing is not to fall into euphoria, so let's try to make a clear plan of action below.
Let's start with the fact that at the beginning of May we published an idea with a scary name that the cryptocurrency market could be apocalypse.
Unfortunately or fortunately, the first point of the scenario worked out completely.
For the last 4 weeks, we have been watching the consolidation in the $19-21k BTC price range and finally got a more or less decent shot up.
We've seen something interesting brewing on the altcoin charts. That is why, since last week, we have started to gather medium-term positions and shared them with you here, in particular:
ETHUSDT
SOLUSDT
AVAXUSDT
KCSUSDT
SANDUSDT
and many other interesting charts, everyone can find what they are interested in. A nd in order not to miss such opportunities and tips in the future, just subscribe to us and like the ideas.
This week, the main task for BTCUSD buyers is to prevent the price from falling below $20k.
If we see a weak correction in the zone $20000-20500, we will continue to take altcoins in longs.
For the coming weeks, we can mark three target zones for the growth of the Bitcoin price :
1) $24300 is an intermediate weak level where a local correction can begin
2) $27000-30000 - the first liquid zone, control of which will have to be won back by buyers. In this zone, it will be good to fix 30-50% of longs.
3) $30,000-35,000 is a powerful liquid zone, the theoretical bottom of the global "Head and shoulders" reversal figure. In this zone, we will "cover" the total majority of our long positions and watch from the sidelines the battle of who is stronger - buyers or sellers.
This is a rough estimate of the action plan for the coming weeks, of course, as the price moves, we will also release local ideas, adapting to the market, because we do not control it, but it controls us)
So, quality content from us, and from you like and comment under ideas and subscribe to us)
Have a productive week, everyone
_______________________________
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 :)