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Btcusdforecast

BITCOIN: STRONG SUPPORT AT $29K.Hey guys, I hope that you guys are doing good. My previous BTC chart got obsolete with the retest level ($30.4k) as BTC dropped and close below it. BTC has been rejected from the $32k resistance level and most likely the price can reach the level of $30k or $29k where we have strong support. Most likely, BTC will bounce back from the support and that could be a good level to enter into BTC only if there is a positive confirmation. If BTC breaks down and closes below the $29k support level then our trade setup will get invalidated. If at all we see some positive bounce then I will keep my target around $32k.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BTC Support/ Resistance corridorThe big corridor of Support (29,5000) / resistance (35,000) update! The current small multiyear resistance line in 32,000 holds some strength. However, all indicators show that the support was strong and a new attempt will follow soon. Expecting another bounce to 32,000 resistance followed a slight tick down. After that once momentum has gathered we should see the break of 32,000 and BTC price towards 35,000 multiyear resistance. 35,000 is extremely strong resistance and high volatility is expected. Positive outlook: When macro indicators like DXY, Stocks, and FED allow some strength for markets, we can expect a 35,000 break and towards the major downtrend line. There should not be any talk of trend reverse as this needs to be validated by bounces that follow. Negative outlook: 35,000 and break can be a form of exit liquidity creation for institutions. All eyes are on institutional holdings, money in-out flow, and futures. If exit liquidity is the game then this will be a dead cat bounce that leads towards deeper lows.
by OxTed
Long on BTC/USDTWith the volatility that we have seen for the past few weeks, it is time to take advantage of a possible upsurge in the BTC. We are going to apply leverage to this trade to get the most of the possible uptick in the Bitcoin`s price. The set up that we have prepared for all of you is: Long BTC/USDT x10 Entry: 29965 Targets: 30444(50%) - 31211(25%) - 32169(25%) Stop Loss: 29284 After each target, move the stop to the previous one. After the first target, stop at the entry point.
BITSTAMP:BTCUSDLong
by Atlas-Horizon
#BTC/USDT $38k on board. JUNE ROADMAP!! Explained.BTC followed our last update and held the $28.5k level which also happens to be the .618 fib extension considering the covid low and recent ATH. Broke above the $30.8k level too! Volume profile matches with all those pumps that happened in early 2021 and July 2021. However, there are a few points BTC needs to fulfill like BTC needs to break above the $32k level. Here's what I expect:- With several choppy ups and downs in BTC, it's highly likely that it will hit the $41k level. Breaking above the Blue channel with lower low and lower highs. We need a new higher low that could happen If BTC breaks above the blue channel. Secondly, BTC needs to hold the golden ratio level which is $38.5k The chart is quite clear here, there's a high probability of this scenario playing out in the next couple of weeks. What's important is HOW BTC reacts to the $38k to $42k level I am quite confident BTC will hit that level. Follow me if you don't yet, I will be updating this chart when needed. Do hit the like button if you like my updates and share your views in the comments section. Thank you #PEACE
Long
by Cryptorphic
6
Which way the BTCUSDT price will choose to move in 2022 ?Today to your attention is the analysis and interpretation of what we are drawing and seeing on the BTCUSDT chart on the month time frame. At the top of the chart are two parabolic arcs: a white arc and a black arc, because the amplitude of the price growth at %% each year is fading. At the bottom is the white trend line, to which the price has fallen only three times at strong falls of cryptos: November 2011, March 2020 and May 2022. Today 31.05.2022 the monthly candlestick of BTCUSD price closes and at what price it will close, we can guess what the mood of the market players is and where the price may move next. So, the two scenarios: 1) Positive - ideally, the closure of the current month candle and the opening of a new one above $34500 . In this case the chart will show 6 false-breaks of the Fibo level $34500 during the last year (May 2021-May 2022) with a buy-up. This could be interpreted to mean that: the "big players" in crypto are happy to buy BTC at any price below $34,500 and have been buying and gaining a long position at that price for over a year because they believe in strong Bitcoin price growth in the future. Another point is the Fear and Greed Index. It has been stamping the bottom around the value of 10-12 for 2 weeks. There was a similar pattern in late 2018 into early 2019, only for 3 weeks and then a 300+% rise in the BTCUSDT price. If we guess such growth for the next 6-7 months, the BTCUSDT price could be close to the $100k mark by the end of 2022. At the same mark there will be an intersection, of the Fibo level and the black parabolic arc. Only the section at the level of $191 thousand is higher, which is hardly believable now. 2) Negative is if during the next trading month the price of the BTCUSDT fails to consolidate above $34500, but just retests that level. In that case, the price could break through the white trendline downward in the future and gradually, by the end of 2022, fall into the liquid zone of $12-14k. What will happen to the alts in that case - it's scary to imagine. Well, put like under the idea, write your comments, what we can expect in the future in your opinion. And we, in turn, will from time to time update our opinions about the pair BTCUSD on smaller timeframes, based on this global idea. _______________________________ 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 :)
INDEX:BTCUSD
by P_S_trade
43
BTC: ALL WE NEED IS A RETEST AND NOT A BREAKDOWN.Welcome folks to this new update on BTC/USD in 4 hours timeframe. I post ideas related to cryptocurrency which are purely based on technical analysis. I also provide trade setups for scalping, mid-term, and long-term holdings. We trade in different exchanges like BInance, Bybit, gate.io, kucoin, etc. We use margin, futures, isolated, and spot trading. So, feel free to follow me for the latest updates. Alright, let's get back to the chart. We have seen some positive moves coming in on BTC lately. The daily close for BTC was at $31726 which was perfect for the upcoming expected rally. In a higher timeframe (1 Day or 2 Days chart), BTC is most likely to bounce back and in a lower timeframe like 4 hours, BTC should show some retest. The clear reason for the retest is the RSI. The RSI is in the overbought zone which needs to come down. Honestly, I will be delighted if BTC rallies further from the current level but if BTC is aiming for a sustainable bullish rally then it must show some retest at around the $30.4k level. What do you think about the greens on BTC? Do you think it will sustain or is it just a trap? Share your views in the comments. Like and follow as always. Thank you, guys.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
2
BTC weekly update: which pathway ?BTC / USDT On weekly view BTC is bouncing from 200W EMA and currently is retesting the previous strong S/R This area mainly for watching Scenario 1: Breakout Make strong breakout and close weekly above 36k then we can see new bullish move again Scenario 2 : bearish retest If we see strong rejection here with loss of 28k again this time i think we will head much lower levels Based on reaction here we will know the next move What do you think the most possible scenario ? Share with us in comment section below
BITSTAMP:BTCUSD
by Babenski
21
BTC TO 10000 - 11000 INCOMINGHi there, If we analyse the peaks and retracement in the past, we see that everytime BTC spikes it eventually retrace 100% back down. First major spike in 2017, then in 2018 it went back to its previous value Second spike in 2019, then in 2020 it went back to its previous value. 100% ish retracement Then in Oct 2020, it got very bullish then went all the way to 60000 of course it retraced 50% - 60% before going to 60000. So now it is bearish, we should expect it to go back to 100% retracement i.e. price before Oct 2020. BTC down to 11000 $$$
BITSTAMP:BTCUSDShort
by PositronXY
13
BTC UPDATE: CAN WE EXPECT A RALLY TOWARDS THE NEW ALL TIME HIGH?Welcome dear members to this important update on BTC. I hope your weekend was good and you are keeping well. I post ideas related to cryptocurrency which are purely based on technical analysis. I also provide trade setups for scalping, mid-term, and long-term holdings. We trade in different exchanges like BInance, Bybit, gate.io, kucoin, etc. We use margin, futures, isolated, and spot trading. So, feel free to follow me for the latest updates. Let's get back to the chart. BTC has been a surprising subject to analyze and discuss. The current move and TA on BTC are creating suspense for the entire market. Many traders including me claimed that we are in a bear market (as per the weekly and monthly chart) and the market is supposed to go down but what if we are wrong? What if BTC is preparing for a new all-time high when everyone is expecting it to drop below $20k? Don't get me wrong, I am not trying to manipulate your mind but I am just trying to bring forth the genuine questions that are on my mind right now. It is confusing yet exciting. The way BTC is holding the $28k level and the USDT.D is getting rejected in the 3 days TF, I am forced to question myself. Currently, BTC is strongly holding the $28k support range which is maintaining the positive vibe of a bullish rally. If BTC is going to rally higher then we can expect a rally between $37k to $40k. And if BTC manages to break the $45k range then a new all-time high is possible. Break down below $28k will invalidate the expectation for a new all-time high. Let me know what you think about BTC. Do you think we can witness a new all-time high or it will drop below $20k? Do like and follow. Thank you.
COINBASE:BTCUSDLong
by Dexter_The_Trader
4
♦️#BTC weekly close ♦️#BTC weekly close in just an matter of an hour here. Close above $30000US will be bulllish in the immediate short term for next coming days volatility to the upside chasing resistances at ranges 34_37k dollars US. 13 hours ago BTC on the other hand playing below the significant support level 30k regaining the support and flipping it can change the game here on the short term. As there is bullish divergence on RSI and MACD also BTC getting above 20MA will be a bullish signal targeting the 34-37k ranges which are resistance above. Do keep in mind we are still in a bear market and these bullish divergences can be negated if Bitcoin breaks further down.
by UnknownUnicorn39416474
BITCOIN EXCLIUSIVE UPDATE!!! MUST READ.Bitcoin long-term update: Welcome member to this exclusive update on bitcoin. In the past, we have witnessed some amazing bullish rallies and some devastating falls. Many traders made fortune out of crypto and many lost their good chunk of money in crypto. Out of all, Bitcoin stood out strong in all the circumstances. Back in December 2017, a drop from $19666 to $3122 was shattering. Many traders lost their hope of making fortune in crypto. But who would have thought that $3122 would be the bottom level from where BTC was going to make a new all time high record, a new history in a digital world. It was back in December 2018, BTC after hitting the $3122 bottom, BTC rallied its journey towards $69000. A record-breaking bullish rally that took the crypto market to a next level. And guess what, many experts claim that this isn’t the true potential of BTC. It holds the potential to go beyond $100,000 USD and compared to the past rallies, I sure don’t doubt it. So, coming to the current scenario, as per the backtesting, it is possible to see a small jump coming in BTC soon and then possibly a drop towards the lower support level (close to $13k). This jump will be around $35k to $40k. Now, the question that arises here is, if BTC reaches the $13k support zone after the jump, will that be the same rock-bottom from where a rally towards the new all time high will begin? Well, technically that's the level I am expecting but we will get to know it when the time comes. Someone rightly said, “The Bear market can make you rich” but only if you know the right time to accumulate the coins at the bottom. It is also true that when you think you bought the dip, it keeps on dipping, lol! This is the ugly truth about the market. Anyways, that’s enough pep talk. I will end my case study here and will update more in the coming days. Till then take care and trade safely.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
13
BTC UPDATE: STILL HOVERING AROUND THE $28K TO $30K RANGE.Welcome traders to today's update on BTC. Let me keep it short and simple. We saw a nice drop on BTC in the last 24 hours but it recovered soon leaving a long wick behind. Once again BTC got rejected from the 21 MA resistance ($29500) and it is setting down towards the $28k support level. Like I said before, until and unless BTC breaks the $30k resistance, we are not gonna witness any bullish rally (be it for a short-term) and until and unless BTC breaks down below the $28k support level, we are doing okay.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BTC: Still looking for more downside!Bitcoin Intraday - We look to Sell a break of 28488 (stop at 29009) 28561 has been pivotal. A break of bespoke support at 28500, and the move lower is already underway. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 27207 and 26807 Resistance: 30000 / 31000 / 32000 Support: 28500 / 27700 / 27000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
BTC: AT THE RESISTANCE LEVEL!!!Hey guys, welcome to this BTC update. BTC bounced back from the support level, not exactly from the support but close to it. If you have entered into BTC at around the $28.8k range then you are around 5% up without any leverage. Currently, BTC has strong resistance at the $30.2k level and if BTC manages to break above this level then we may see some good moves coming in. Rejection will be disappointing but it can give another chance to re-enter at the lower support level ($28k). I am holding a small portion of BTC and if it gets rejected back to $28k then I'll accumulate more. A rejection and close below $28k will be an exit sign. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BTCUSD Bitcoin : Rise from the ashes or fade away? Why and how Let's shut down negative thinking and look at facts, fundamental and technical facts, which is what makes analysis. Fundamental - Bitcoin is an alternative to the stock market, USD, bonds and Gold. What advantage does Bitcoin have over the others? 1) Limited supply, endless demand 2) Payment solution to beat aged payment services in speed and bureaucracy 3) Security of funds is absolute due to Blockchain 4) Bitcoin is a natural hedge to inflation , which may be long-term with what's currently happening. 5) Diversification king. Diversified portfolios must include the coin. And more. Now let's look technically. 1) Convergence of 3 critical support trend-lines long-term around 25,000. *March 2020 - Today *Jan 2021 - Today *September 2021 - Today (Together with resistance forms a 'falling wedge' pattern which is bullish with consolidating highs and lows) 2) RSI 14 shows the most oversold daily condition since Jan 2022 , when BTC rallied from 30,000 to 47,000 - Before that, it was when March 2020 rally started and took BTC to almost 70k. BTC needs to go back above 30,000 to confirm short-term up trend. If Bitcoin breaks below the convergence of the support trend-lines, it could spike down to 20,000 and then 5,000-26,000 would be the next resistance to pass on the way back to up-trend. The odds of that are significantly lower considering the fundamental advantages and the oversold technicals. ------------------------------------------------------------------------------------------------------------------------------------------ Thank you so much for reading! If you found my idea helpful - Please like and follow , it would mean a lot to me :) Please comment with any questions you may have - I'm here to help. -------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by Exactus
2