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Btcusdforecast

Bitcoin- Approaching 2017 ATH. Rebound is probableIn my previous BtcUsd analysis I said that, after the false up break from the consolidation, I expect a drop to the 25k zone. And indeed, the main cryptocurrency has dropped, going even further than my expectations. Looking at the weekly posted chart, we can see that the trend is extremely bearish and, if you are not a " to the moon" dreamer, you can't expect a V shape reversal from this trend. However, at this moment, BTC is approaching 2017 ATH, and I expect this level to provide support and a relief rally is probable from this point on. I will look for a short-term speculative buy around 20k with a target around 25k, now resistance.
COINBASE:BTCUSDLong
by Mihai_Iacob
10
Bitcoin Panic is in the Air...The Mayer Multiple has helped to mark points of extreme panic in the Bitcoin market for quite sometime now. Whenever it has gotten into a range of 0.50 to 0.60, it has proven to be a good time to establish long term positions. If someone has been waiting patiently to enter or add to their Bitcoin position, right around this zone could be a good entry level. Now, one thing to point out is that Bitcoin has never seen a major dislocating event in the markets vis a' vis a 2008 style collapse in asset values. So it is conceivable that prices could certainly go much lower then anyone has ever dreamed. With that being said, again sitting in cash long term may prove to be folly so if even a small portion is deployed into Bitcoin during periods of extreme panic and bearish despair as we are see today, it could prove to be a worthwhile investment longer term.
BITSTAMP:BTCUSDLong
by kaotic363
1
BTC doing the thing, againThe 4th Crypto Noob Harvest is steamrolling through the charts! #NoobHarvest Purists might argue that it's the 5th or 6th Harvest, and bitcointalk archives might show merit to their claims, but who cares. Picking entries is easy, what I find more of a challenge is trying to predict how Cathie Wood, Michael Saylor, Grayscale gang, Michael Novogratz and the like will spin this (by this point, cyclical) crypto dump. Exchanges begin to consolidate/optimize with job cuts (Coinbase, Gemini *cough*), peppered with occasional service outages. FINfluencers are running out of the "OMG" face thumbnails for their YouTube videos. The neff are rushing to cash out, and cash in on the next big thing, some turn to Reddit and Twitter to spread the generic conspiracy theory. One can't help but remember the infamous call to "Buy the dip!", somehow in my mind forever associated with the Winklevoss twins. Speaking of, I recommend searching for the Winklevoss cover of "Don't Stop Believin" Now is the time for those who recently entered trading, to make an assessment if they truly have the aptitude to survive in these waters. Good luck, idc!
by WhoIsWu
BTC to Test Support of a Wyckoff Re-Distribution Trading RangeThe BTC price continues to be observed in Phase B of a Wyckoff re-distribution trading range. We should consider this a re-distribution trading range (to be confirmed or to fail based on market events) rather than a re-accumulation trading range as the BTC price has been in a down trending environment for the past 6 or so months. This Wyckoff re-distribution trading range (upper bound = $31,520; lower bound = $25,340) is interesting in that the price has spent the majority of the time in the upper portion of the trading range (green shading, lower boundary of the upper portion is given by the low of the preliminary support (PS) event). In most cases, the price would test the trading range support level ($25,340) several times as it moves through the range so, in this regard, the trading range is a bit atypical. That said, it appears that BTC will be testing the trading range support level ($25,340) soon as it already has broken support at the PS event and the BTC price is observed in the lower portion of the trading range (red shading, lower boundary of the lower potion is given by the selling climax low) in what might be a shakeout/sign of weakness (SO/SOW) event. This idea is consistent with the Phoenix Ascending (PA) indicator, given in the lower panel. I expect both the red and blue lines and likely the BTC price to continue on their downward trajectory. Note the low volume over the last week compared to the climatic volume observed at the PS and selling climax (SC) events. This tells me two things: (1) The BTC price is able to move downward through the trading range with relative ease. If the trading range support is to hold then demand needs to be observed. (2) As the beginning and the end of Wyckoff trading ranges are typically marked by climatic level volume, BTC will likely continue within this trading range. Significant bars, which help define important areas of support and resistance, are given by the blue shading. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), preliminary support (PS), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SOW), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDShort
by Eightchains
2
BITCOIN WEEKLY UPDATE: IS THIS THE BOTTOM??Hello traders, I hope you all are doing good. Here's a quick update on BTC in the weekly timeframe. This is it, BTC is close to the support level of $19.5k from where many of us are expecting a rebound. Both the horizontal and lower trendline indicates $19.5k to $20k to be a strong support range for BTC. If BTC manages to hold this level and bounces back then we can expect a higher rally. But if it fails and breaks down below the support level then the only support level I can see is $11.5k to $12k. The upcoming weekly close is going to be an important one for the market. We are at the end of the 2nd quarter and already we have seen a lot happening in the market. Hopefully, the 3rd quarter will be positive for us all. I am in the ‘No Trade Zone’ right now. If there are any opportunities then I will share my updates. Until then, trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4
BTC is on the way to the 20k target - 19700Im mostly crypto holder, not a trader. I went long with some big coins when BTC was at 26-27k on the first fall, was hooping to see 35k before lower. But as everyone knows hop is not a trading tool and no one should trade on any hope! So all my coins are staked, obviously all is well under the water. I dont use leverage on crypto, as crypto volatility is not mine. What we can say from this chart, we had a time correction up, which was in a very tight range, never hit anything above 32k and broke down through all the important supports. I would not touch this till at least it hits 20k level, fibs suggest 19.7k BTC should have its own summer rally together with the markets, so my 35k might come but after the 20k visit, no the opposite I was expecting.
CME:BTC1!
by RealTima
1
BTC Supports On Price Theory. BTC continue Going Down. And Everyone Ask Where is the Bottem. I have posted already the Time Theory Chart. And Now have Calculated the Price Theory Chart That Show All The Point Where maybe The Bottam. The First One is 20985 and The Date are From 13 To 16 June. So We hope that The First one Is Realy Bottam. I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade. Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis If You Like My Work Just Come and Join Me. Not A Financial Advice
Short
by MoonTradingForecast
BTC (My long-term view)BTC / USDT Bitcoin is still following my first plan , posted here: Since last November BTC price is trading inside giant falling wedge which mentioned before In small time frames we can see potential bearish pennant under formation which mean we have high chance for another drop WHAT NEXT ? I expect the market to move sideway up and down in next days (between 28k to 33k) before another breakdown and this time my target will be 24k-21k (potential bottom) After that …we will watching the major trend line resistance for any breakouts for the start of new bullish rally , based on my view i think bullish market will start in August NOTE : if major trendline got a breakout first then the lower targets will be invalidated FINALLY : this is my own long term view based on signs/ chart and my thoughts/ experience… could be true or wrong so always DYOR Don’t forget to like and share for more analysis
by Babenski
34
BTC is closeFew days ago I have posted a chart looking at the possible move of BTC in the short term. If you have seen the post then you were expecting this already. Now this one will be simple and painless. You can see the trend channel BTC is currently following in its downtrend. You can also see the various Fib levels, from the targets of the EW analysis from back in January and to the retracement levels typical of wave 3 and Dow theory. We are in bottom territory, volatility will shrink soon in the next few days, probably just before the FOMC meeting. BTC has now tapped the 200WMA which was also highlighted as a target previously. I can still see a week to touch 20-21 k. I am now waiting for the market to give the signal and settle in. Whether I think is the bottom or not is irrelevant until the markets will give us the signal. My opinion? Yes we are getting there. Any sign? not yet. So let's wait and see. In the meantime a divergence has unfold in the traditional market which could be a bullish sign. The SPY has made a new low but the Russel 2000 has failed to confirm and print a new low. This is potentially bullish, however is very early stages. FOLLOW ME for more updates, SHARE, LIKE and COMMENT
by CFcryptoTA
BTC target $36,653 or $25,218BTC has been consolidating in symmetrical triangle for last 1 month and still there is more room to consolidate further. Upon breakout and retest from triangle, Technical target of this pattern is $36,653 and upon breakdown and retest we can see the target of of $25,218. So right now BTC is ranging in purgatory. There was a wick down on 12th may towards $26,702 but price went back up so right now BTC is in state of wait and watch. Don't take any positions until we have clarity plus weekend is here so expect some choppy movements.
by NasirCrypto
4
Analysis of the BTCUSDT price, BTC and USDT Dominance, Alcoins Today is a painful, but still important day for the crypto market. Tonight, the price of BTCUSDT without special anomalous volumes updated the May minimum and now sets the current price minimum in 2022. At the same time, this fall completely filled the GAP $23,800-26650 , which reminding out of myself since the end of December 2020, the mission is complete. The price BTCUSD also broke the parabolic growth trend, which lasted more than 3.5 years. This is bad news. The most positive option that is currently being viewed is the month of trading the BTCUSD price in the range of $24000-29000 If the price is kept there, then it is still possible of growth with fractal by mid-late November 2022. BTC price increases to $51000-52000 The negative scenario is a continuation of the decline and possibly even on larger volumes. The nearest BTCUSDT price support zones below are $20-21 thousand and $14-15k. By the way, I wonder if The Block, Microstrategy, EL Salvador, Tesla they sold part of their BTC, which according to official data is already in the fall -20-40% or not? Have you not encountered such information? Share in the comments. Now all the capital on cryptomarket goes to USDT and cash, alts falls many times stronger than the price of Bitcoin Therefore, the dominance of the USDT is growing abnormally. If you will see that the dominance of the USDT has begun to fall, you can try to go a little into the altcoins. Again, the fractal indicates that a mini-alts-season is possible until mid-late November 2022. BTC.D's dominance has also reached a critical level. A drop in this figure may also allow ALTS to breathe fresh oxygen. Ready for a healthy discussion in the comments _______________________________ 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
69
#BTC Current Update! Must Read if you are in LOSS!!BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls. Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag. However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls. So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle. Our job is to wait for the confirmation and take trade decisions accordingly. MY PLAN:- Wait for the weekly close to take any trade decisions. I am not taking any trades in the last 3 months—a few scalps when I see the opportunity. Mostly hit SL. Sign of a bad market! Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past MY MESSAGE TO YOU ALL:- BTC has been trading within this range for the last few months. If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too! So stay strong, and avoid leverage/ futures trades when the market is uncertain. Try to take a break from the screen and spend some time with your family and friends. Your mental health is really very important to have a sustainable career in trading. Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow. Making profits is our secondary goal, preserving funds is the priority here. Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful. This idea is just my view and not financial advice. Thanks for reading. Stay strong #PEACE
COINBASE:BTCUSD
by Cryptorphic
41
Pay Close Attention - Trend Likely to ShiftTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
BITSTAMP:BTCUSDLong
by Michael_Harding
3