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Btcusdforecast

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.
BITSTAMP:BTCUSDShort
by The3eyedFrog
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 :)
by P_S_trade
40
BTCUSDT 12h Trading plan for Bitcoin price and surprise Last week, BTCUSDT price reached TP1 from our previous idea, after which the correction started. Overall, as you can see from the chart above, the weekly candle closed quite well for continued growth. The main task for today/tomorrow is that the BTCUSD price does not fall below $21300, then there should be growth. The first goal for BTC price growth, where you can fix part of the profit - $26800 The second zone, where it would be worthwhile to cover long positions, record profits and look around - $29100-29800 And we have a question for you: Which altcoin do you think is the most promising for growth in the coming weeks? Let's vote for a trading pair that you believe in or that you like, we'll start, and you continue. We will analyze the trading pair that will collect the most votes from you in the coming days and publish it on Tradingview _______________________________ 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 :)
by P_S_trade
71
BITCOIN: A REJECTION INDEED!Hello traders, I hope your weekend was good. Here's a quick update on BTC in a lower TF. Timeframe: 4 hours. Update: In my previous update, I clearly used the word 'retest' and technically, it was a clear retest and then a drop. This weekly close doesn't look good at all for BTC. It is quite possible that we will see BTC reaching the lower support level between $20.1k to $20.7k which is an important support level for BTC. BTC is already -3.3% down and with the FED and GDP news coming in, if it turns out to be negative then God knows where we will see BTC at. Conclusion: For now I am keeping my hands on short and won't go long until and unless there's any bullish confirmation. Be watchful with your long positions, guys. Keep your SL tight and save your portfolio as much as a possible cause in trading saving your portfolio is also a profit. I will update more on this until then trade safely. Support me with your likes and comments and do follow me if you haven't followed. Thank you.
Short
by Dexter_The_Trader
8
BTC retracement to $20,000 area I believe after this move the past few days up to $24,000 , its time for $BTC to retrace back to $20,000 - $21,500 area . If we bounce now we are safe , if we enter the range area we most probably visit the bottom of the range around $20,000 . In case we bounce I expect another test of $24,000 , if we manage to break the resistance the next resistance I am looking at is around $27,000 . Currently I am having short position on BTC and a Few ALTS . Stay safe and protect your capital .
by Trader_Sentinel
BITCOIN: BROKEN DOWN BELOW THE SUPPORT.Hello traders, I hope you guys are doing good. Let me share a quick update on BTC. Timeframe : 4 hours. Update: BTC broke down below the support level which isn't looking good in a shorter timeframe. If BTC didn't break above the upper trendline soon then we may most likely see a drop in BTC. BTC tried its best to hold the support level but couldn't keep it up. The current green candle looks like a retest but if it manages to break out again then things will get interesting. Upcoming news: We have the Federal Open Market Committee (FOMC) two-day meeting on the 26th & 27th of July 2022. This meeting may bring volatility to the market depending on the news. So, kindly mark the date and stay alert. Conclusion: The market looks bearish for the short-term and as the weekly close is near, we can either wait or scalp trade. That's it for now. Thanks for reading my update. Do like and comment to show some support. Trade safely.
Short
by Dexter_The_Trader
6
What's around the corner for BTC from Elliott & Wyckoff on 1D?!My TA on 1D is based on Elliott and Wyckoff pattern. I did not include any indicators for this TA as at this time they do not show any confirmation for the price reversal. This may take a few days given today's drop. Therefore, there is no need to disregard a possibility of a price falling further down to around 40,300 USD or even to 33,500 USD. It may happen! However, currently the price is bouncing off the local descending trend line in black colour and also off the blue colour line. The vertical volume shows divergence against price for the last 5 days (see the last 5 red candles). Along with its yesterday's longest red candle such action indicates a price reversal. I will update this TA as price action moves along, so keep track of it!
INDEX:BTCUSDLong
by WallStreetFox
4
#BTCUSDT 100% Accurate Signal ! $28k on board? or a trap??Hope you followed my last update which was 100% accurate. BTC reached my target of $19.2k and bounced. Currently, the chart shows potential for a rally toward the $21.6k level. Trade Update:- We are spot long since $19.3k which was given last time and right now we are waiting for a perfect breakout and close above $22k which will trigger a rally towards $27k-$28k. Leverage long with an entry around $19.2k was closed at $20.9k. If you are willing to long BTC on leverage, the best level should be $19.8k to $20.4k with an SL at $19688. DYOR This is not financial advice! To stay on the safer side it's always better to wait for confirmations on higher time frames likely weekly. PA in lower time frames could be tricky. Conclusion:- BTC is bullish and the best price to long will be below $20.4k with SL around $19688 (subject to change as per market conditions). A break above $22k will trigger a multi-week rally across the market. More details are given in the chart, Please Observe! Please do hit the like button and share your views in the comments section. Thank you #PEACE
Long
by Cryptorphic
8
BTC/USD - Potential Short ScenarioHello Traders! After a month of consolidation between the local support levels of $19000 and resistance of $22800, the corrective movement began to develop. We can assume that liquidity collection in the price range of $22800 - $26500 will be the movement's goal, where the price is now. The structure of the higher timeframes remains downward. The trend change will occur if the price passes the resistance level of $29500 and breaks the downward sloping line. Based on the analysis of senior timeframes and the macro situation, we can assume another wave of decline in the market. In that case, We can gain medium-term purchases on Bitcoin in parts between the price levels of $13900 - $16500. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
BITSTAMP:BTCUSDShort
by UnknownUnicorn10064030
1
BTCUSDT: Elliott Waves Intraday TradingI have updated the trading plan and wave levels layout for bitcoin. Overall, there is a possibility that the upward movement in wave 4 might have already ended and the bitcoin price is already heading towards reaching new lows. I will act on the situation. If the price falls below $22,000, I will open short on both bitcoin and other coins on a local upward correction. If the decline ends at $22,000 (where it is possible to open a long position), the price will continue to form a more complex correction within wave Y of wave 4. I advise opening positions only if good local trend continuation patterns are used. Also check out my GTCUSDT trading plan for the near future - Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
7
Wychoff's Re-distribution it is!As I mentioned yesterday that it is a trap and don't fall for it, guess what it was. Understanding Wyckoff distribution helps traders like me and you to cash out longs before the market reverses and get the most profits from shorting. I have to say distribution is a very specific process. In short, it is the process of distributing (selling) an asset at the best price over a time period. This is the opposite of accumulation where the market participants are looking to buy an asset at the lowest possible cost.
BITSTAMP:BTCUSDShort
by The3eyedFrog
1