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Btcusdforecast

BITCOIN UPDATE: CAN THIS BE THE BOTTOM?Hello traders, welcome to this update on BTC. I will try to keep it simple and understandable for all of you. BTC's weekly close was at $20.6k. It is still holding the support 1 ($19.5k). Q. Can this be the bottom? A. Possibly no cause we are still in the bear market cycle. Q. Can we expect a bounce-back? A. Possibly, the bounce can hit the resistance level of $30k. Q. If BTC breaks down then what could be the possibly bottom range? A. If BTC breaks down below the support 1, the next possible bottom could be $12k. Conclusion: If BTC continues to hold the support 1 level then we can expect a bounce towards the resistance level ($30k) and then the downfall. But if BTC fails to hold S1 then I am afraid that we may see BTC once again at the $12k level. I hope this update will be beneficial for you. Do check out my related ideas in the link. I posted these updates back in Jan and Mar 2022 and it beautifully played out. Like and follow for more. Thank you.
COINBASE:BTCUSD
by Dexter_The_Trader
4
BTCUSDT EFFECTS ON ITS TREND PATTERNSBITCOIN | From july 19,2021 till date, btc has apparently formed three bearish pattern which has been identified on the chart. The head and shoulder pattern has completed its cycle but then btc still continues with bear sentiment due to the breakdown at the resistance level($43.03k) which is the weekly support and the continuous bearish patterns formation. The only save for btc is the third pattern which is the ascending triangle that could prone btc to retest the weekly resistance for the second time,in the event it breaks, a huge uptrend is likely but if gets rejected again, we'd definitely see a nosedive in the whole crypto mkt as btc will look forward to the area that needs to be retested before we see a trend reversal. The minor and key s/r levels have been highlighted on the chart, its advisable to keep tabs on the highlighted areas to be cognizant on the next move to avoid liquidation. Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates...
Short
by Pearl-A
4
Btcusdt Sometimes I difficult to analyze the btc But am sure that we are not clear no one knows the future We can only gamble with 1hr time frame knowing that there's danger in weekly time frame this market is very scary 😨 Best thing is to wait no one knows the bottom if u buy dip it dip more #Bitcoin’s price sits at the lower bound of its production cost for the first time since the March 2020 #liquidity crisis as well. Moreover, We can see that whenever price hits the lower bound or upper bound of the #Bitcoin Production Cost Ribbon, we see a mid-term reveral in the market. Simply, this inidcates a relief rally coming soon ✌️🏻.
by phenom118
BtcusdtBtc hit 18712 from my long and If you are in that trade I expect you to take profit @18700 because generally BTC is bear or bull I can't say but here is what I know $20,000 is broken 😞 Stay away from market for a while. If u are newbie A descending triangle on the hourly chart broke in a downward direction. The target of this triangle breakdown is the $16,700-$17,000 area. There is no strength in the market yet and big liquidations are going on. BTC needs to go above $20,000 to bring some positive momentum. Wait for Monday for the global market opening.
by phenom118
Bitcoin (BTCUSD) is ready to touch 12000Since the first quarter of this year 2022, BTCUSD is in downtrend and the price of BTC is reduced by 2/3 already. The Strongest support near the current price is 20000 and 15000 and the strongest resistance is 28000. as per the daily timeframe, it is making a bearish trend and if it continues, soon we will see 15000 and 12000. The best thing to do is to wait. right now its in Black Level zone which means you can not buy and you can not sell it till we get confirmation of trade. We need to trade when it comes in our zone and ready to drop or fly. bellow 22800, the price of BTC is bearish. we can make a sell of BTC from 22000-22800. or we can buy it from 12000-13000
Short
by ForexLab
1
BTC 4ema bearish crossover target $20KWe have discovered something which suggest that $20K seems inevitable. This chart is based on 4EMA's on weekly. First time bearish cross over happened was 3rd Sept 2018 and price dumped to over 56% Second time this occurred in March 2020 (Covid Crash) and price dumped up to 55% This is the 3rd time we are seeing this bearish cross over on weekly and lets say if we dump 50% from here then we are looking at sub $20k levels. We also see the price breaking down from ascending channel which is another bad sign and to top it off we are close to a death cross on 3D chart so all of these confluences align with depressing bearish trend which can last up to 3 to 6 months or maybe a year but not more than this. Kindly share, like and comment on our analysis.
BITSTAMP:BTCUSDShort
by NasirCrypto
Bitcoin Sell Off Realistic Price Deep DiveFinancial markets plummeting and macroeconomics hit with a torrent of shocking news what does this mean for Bitcoin and cryptocurrencies? Before jumping into Bitcoins (BTC) price analysis it is important to understand the top reasons why markets are falling at an accelerated rate. Inflation throughout the world is at record highs with inflation in United States of America at its highest in 40 years 8.6% Interest rates are rising sharply with Fed increasing interest rates by 75 basis points this week the largest since 1994. Dollar strength index DXY is steadily increasing indicating investors are moving money out of risk assets to less risky ones e.g. bonds & cash Specifically, to cryptocurrency markets the crash of Terra’s $LUNA and $UST combined $50 billion spooked investors and raised concerns. Rumours of Celsius and Three Arrows Capital insolvency due to large exposure with Terra assets which leads questions to which other cryptos will fall in the domino effect creating further sell off panic. Many countries announcing and investigating new cryptocurrency regulations and laws. (Subscribe here to be notified of articles on latest regulations) Fear and greed index is at all time-lows of 7 this week and below extreme fear levels for the last month. Cryptocurrency total market capitalization has dropped from all time high of $3 trillion to below $1 trillion a $2 trillion decline in a few months. Specifically, Bitcoin has experienced 9 weeks of price decline the first time in history and continues with effectively 11 weeks of price decline. Bitcoin price has retraced below its previous all-time high for the first time. With the global financial market scene set above we can expect the following BTC price action in the near future. Looking at the area in box number one on my technical analysis chart above. Bitcoin weekly candle close broke 0.382 Fibonacci support level $28500 to the downside. 200 Day weekly moving average a significant indicator (green line) which has proven to be historical support for previous bear markets and signalling bottoms has breached $22000 level this week for the first time. In confluence price has fallen out of current trending channel illustrated as two yellow upward parallel lines. What does this mean for Bitcoins price and key levels? Next level of support which needs to hold is 0.236 Fibonacci around $19000 to prevent further downside. Sell off at $19000 level will take Bitcoin to the next significant level of interest by investors the $10000 red line in box number two. Failing the above levels of support $3000 is a very real possibility as final bottom since we have seen most significant key levels decimated over the past few weeks due to macroeconomic conditions. Let me know your thoughts in the comments below and if you would like to know what this means for altcoins in your portfolio. Till then stay safe and always remember to apply appropriate risk management to your investments. Legendary Investment Trader, Cryptocurrency & Web3 Master Boundless Lord
by boundless_lord
Bitcoin ChannelI drew a channel including bitcoin price history starting from 2013 till today. The upper boundary is touching 2013 and 2017 market tops, meanwhile the lower boundary clearly defines the uptrend bitcoin is maintaining since then. Nothing new. What I added is the orange mid-line , which is not at the EQ level, just a bit higher. Its position is arbitrary and it's been placed there because it represents an important level for bitcoin. Historically, once bitcoin crosses that level it starts accelerating and subsequently reaches a top or it confirms the bearish trend the price action has entered in. Each time the mid-line has been crossed upwardly it resulted in approximately a +310% move for bitcoin in the following weeks. Bitcoin finds itself at that crossroad right now, and I think this is one more reason why it's finding so much resistance at the $60k tag. Once taken with conviction I think we'll see fireworks. A +310% from here, given the channel slope, gives us a bitcoin price of ~$220k by June 2021.
BITSTAMP:BTCUSDLong
by ama8999
1
BTC Relief RallyBTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line. Scenario 1 BTC will range between $20300 to $23000 for sometime and then break out towards $25k to $28k possibly making a bear flag and goes down towards $19k-$15k. Scenario 2 BTC will simply break down from here towards $15k-$19k and we will bounce back up for a relief rally towards $30k levels or higher and then we go down again.
by NasirCrypto
2
Btcusd bearish view following trendlineHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about BITSTAMP:BTCUSD We can see a clear breakout through its previous support and currently standing near is 2017 record high. Its a strong support in D1. And FED hike the rate by 75 bps. So we are expecting more fall near 17000, than 12000 and than last target could be 3800$. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
BITSTAMP:BTCUSDShort
by Theranasaramd