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Btcusdforecast

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
BITCOIN: BEARISH DIVERGENCE FORMATION!!!Hello traders, I hope your days are going well. Here I am once again with an update on BTC. Timeframe: 4 hours. Update: In my previous update, I mentioned the hidden bullish divergence BTC formed and it worked pretty accurately. A strong gain of 12% after the chart got posted. Now, currently, we can see two things happening. Firstly, BTC broke out of the $22.5k resistance level and closed above it which technically, looks bullish. Secondly, BTC is under a strong bearish divergence formation where the RSI top is decreasing and the actual price candle top is increasing. Conclusion: We can clearly see that BTC has not confirmed the bearish divergence, yet. It is still under formation which means if BTC starts to rally higher, the bearish divergence will get invalidated. We are already in the overbought zone, and the market is all green. Looks like we may likely see some drops soon. So, stay on high alert and trade safely. Key points: 1. Keep an eye on the bearish divergence. 2. $23k a good support. 3. RSI overbought. I will keep you guys update.
Short
by Dexter_The_Trader
2
BTCUSDT: Elliott Waves Intraday TradingHi all, friends. Yesterday I took a break from publishing trading plans, based on the lack of any significant changes in the crypto derivatives market. Many skeptics who confidently believed in the renewal minimum were among those who were liquidated not long before the bull rally began. The upward movement of the BTC price is strange and leads to some thoughts.And, I edited the markup of the wave levels according to the current dynamics and my market intuition. In the main scenario, I see the upside move as a complicated WXY correction, after which I would look for levels to dial in a short position. In an alternate scenario, I see the upward move up from the $18900 level as a group of first waves; as a result, the price move up could accelerate very sharply, leading to a medium-term reversal. The long positions I opened a few days ago have already begun to close partially. I will be consider opening short positions if my trading hypotheses are confirmed by wave models on BTC and ETH. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
3