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Btcusdforecast

BTC/USD Long Bitcoin surged past $20,000 Sunday afternoon to $20,580 a coin, a 16.9% gain off its Saturday lows. The rally comes just one day after bitcoin ( BTC ), the largest cryptocurrency by market capitalization, fell below $20,000, its lowest price since November 2020. As of press time, bitcoin was trading at about $20,383 a coin. Bitcoin’s price surge reflects traders’ renewed appetite for risk, even as the market continues to digest the fallout surrounding crypto lending giant Celsius and crypto investment firm Three Arrows Capital. We taking this trade (LONG TERM) based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
BITSTAMP:BTCUSDLong
by Pro-Trading-Africa
BTC/USD Long Bitcoin surged past $20,000 Sunday afternoon to $20,580 a coin, a 16.9% gain off its Saturday lows. The rally comes just one day after bitcoin (BTC), the largest cryptocurrency by market capitalization, fell below $20,000, its lowest price since November 2020. As of press time, bitcoin was trading at about $20,383 a coin. Bitcoin’s price surge reflects traders’ renewed appetite for risk, even as the market continues to digest the fallout surrounding crypto lending giant Celsius and crypto investment firm Three Arrows Capital. We taking this trade (LONG TERM) based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
BITSTAMP:BTCUSDLong
by Pro-Trading-Africa
BTC Looks weak on Daily/Weekly time frame, Can fall further!BITSTAMP:BTCUSD Is showing signs of further fall. Based on Fibonacci Retracements, its has taken support from last possible quadrant of hope to sustain above that 23% around levels. BITSTAMP:BTCUSD Has broken down crucial downward trendline with huge volumes, with sharp fall in prices. On Upside, there is very little volume in buying as it has probably hit sentiments of many investors in these days. More downside n pain can be expected in it.
BITSTAMP:BTCUSDShort
by simplyansh
Bitcoin will fall between seven and ten thousand dollars.If you think Bitcoin is not falls anymore, I must say that you are sorely mistaken. The huge bitcoin falls and reaches its trend line, which is green at the bottom of the chart. I do not want to say that this is a signal, but I want to say that the first fall target is $ 26,779 and the second target is $20,645 based on the head and shoulders pattern, which is also confirmed by Gan Fan. Also, the pattern that is drawn at the bottom and left in a square should happen again in the future, and if that happens, the decline between seven and ten thousand dollars will continue, depending on the green trend. But what I can tell you is that when the fall is over, anyone who buys on the green trend line to climb can see at least $ 150,000 bitcoin rise and profit. Because the end of the bullish channel will be around $ 150,000. GOOD LUCK (This is just an analyst's opinion and not a buy/sell signal. There is a high probability of error.)
Long
by khosrooparviz
9
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