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Btcusdforecast

Bitcoin BTC price trade plan for the weekendThe trading plan for BTCUSDT for the weekend presented today fits perfectly with the concept we presented a week ago on a larger timeframe. Looking at the chart, we see signs that buyers are weakening. If they fail to fix the price above $24,000 in the coming hours, it will only be another confirmation of our assumptions. As a result, we expect a zigzagging drop in the BTC price in the coming days. The first target is $23200 The final target for the corrective drop in Bitcoin's price should not be lower than $22050-22550 if buyers still have the strength and desire to continue this year's wave of growth in the coming weeks. After all, if you look at the BTCUSD chart above on the larger time frame, you can see that the strong liquidity zone is well below $17800-20800 The USDT dominance chart indicates possible growth in the coming days, which means that people can be selling out of Bitcoin and altcoins and enter the stablecoins. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Short
by P_S_trade
56
Bitcoin is facing Heavy ResistanceBitcoin is facing heavy resistance which is coming from two sources: One is the horizontal resistance of 24 to 25k, and the other is the 200 weekly moving average. This means that there is confluence on the resistance side. Not only are we facing resistance, but this uptrend is already lasting for 53 days, making it likely its time for a correction. Why is this 200 moving average also included? Normally I woudn't pay much attention to moving averages in general, but this one can be special. In the bull run of 2015 to end 2017, this line was the support line for the whole bull market. This line was also support at the bottom of december 2018 and during the covid crash, making it strong resistance.
COINBASE:BTCUSDShort
by FetchTeam
Bitcoin BTC price trade and analysis situation on crypto marketToday, we will try to draw up a trading plan for the BTCUSDT pair and the cryptocurrency market in general for the current week. After BTCUSDT hit a new high last week, sellers tried to push the price down. As a result, the price dropped quite sharply from $25250 to $23350. The weekend has passed, and it looks like buyers are not planning to give up. It is very likely that a consolidation trade is taking place now to continue the growth. Trading plan: if buyers manage to keep the price above $24000 or breakthrough and gain a foothold above $25200, this is a "strong long" with a likely continuation of growth to at least $27300-27400 if the price is fixed below $24000, the correction will continue to at least $22000, and maybe even lower The main thing is to wait until one of the conditions is fulfilled and then make a trading decision. If you look at the ideas that we made last year on big time frames: Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025 How much can the Crypto market capitalization grow by 2025🔥? it seems there is still time, space, and opportunity for continued growth in the near future, both for Bitcoin and altcoins. What are your thoughts? What will happen to the market this week? Share your thoughts in the comments _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
53
BTC - Back to 20k?!BTC - Back to 20k?! You either going to love this or hate this but I think we should re-visit the 19-20.5k areas, now what I think really doesn't matter. However, the technicals is what really matters. If we don't stay above this elevated areas 19-20k but if we get bulls above and go above key resistance sure 25k easily but we do have FOMC this week and that is critical like I've stated many times no one really knows the definite outcome of FOMC and it is same as technicals but when you create edge you have mental support but right now FOMC that's coin flip event it's messy if you buy or even sell now you just get frustrated because you're stuck in this range. I've done this many times myself and I still do at times. Also,reality those who follow signal providers that's not real trading, that's just you wanting to get rich quick thinking trading is some kind of side hobby when it's not. Now in front technically we know the levels where bulls can gain control and bears can gain control. You can even get a better view on daily but I wouldn't be surprised if we revisit 20k areas however, even if we get break above or below - I will be making sure it isn't a fake break out etc either direction and that's when your own trade plan helps. When becoming a professional trader you have a plan and you execute with that plan. The 'wannabe' trader either usually follow signal provider or listening to outside noise. That won't help, unfortunately I haven't came across a successful trader which hasn't had yrs of struggles or there own trade plan. Not every trade plan is the same, that's what makes trading amazing, there no one set way. You can to choose the way you want trade by creating your own edge! A great trader once stated ' Trade what you see, not what you think'. It's important to keep your emotions in check at all times, you must be strong to ignore the noise. Have a great week ahead, Trade Journal
COINBASE:BTCUSD
by Trade_Journal
2
BTC: 6.5% VOLATILITY AFTER THE FOMC.Hello traders, I hope you guys managed to make some profit after the FOMC meeting. We saw good volatility in the market with BTC reaching $24255. A 6.5% red and green gave a good opportunity for both bulls and bears. Yesterday's trade was purely meant for scalping and if you were smart enough then you could have made some extra cash. Anyways, in this 3 hours chart, BTC is currently trending under a rising wedge pattern which shows some possibility of rejection in the market. If you are still holding this trade or thinking to enter then $23.1k will be a good buy zone with SL at $22.1k. If BTC manages to break and close above the upper resistance trendline then better wait for confirmation and traders holding the position can enjoy the profit. For now, I am placing my buy orders at the bottom trendline. What is your strategy? Let me know in the comments. Trade safely.
by Dexter_The_Trader
5
BTCUSDT: Bitcoin Likely to Continue Bullish After CorrectionThe outcome of the Federal Reserve's upcoming meeting will impact the direction of the BTCUSD pair. Currently, Bitcoin is experiencing a sell-off due to profit-taking, but the market anticipates a further bullish trend due to a slowdown in interest rate hikes. However, a brief bearish correction is expected. It is important to watch the 20000 price level as it may provide support in the future. I would appreciate your support of this idea to help reach others. You can also share your opinion with me. Many thanks
by ClintOnos
1
BTC/USD CAUTIONHello fellow traders, just wanted to share while the momentum has shifted prices higher for some time now. The RSI however is showing that the positive price action is running out of steam. In my opinion, I suspect a pullback to 20K (roughly) to confirm as support. Weekly charts more or less convince us the Bull cycle has started (weekly macd cross, monthly stochostic cross) This is just stating nothing parabolic will likely happen anytime soon, but if anything a healthy stage for the market to prepare for the next bull cycle.
BITMEX:XBT
by KYLEKILLJOY
BTC/USDT Trade Strategy for FOMC!Bitcoin is currently trading right around the $23k area. Lower Support is around the $22.3k level. This is my strategy for the meeting:- I am holding no leverage long positions as of now. I have placed orders for Doge and BTC. Lower levels to long BTC are $22322, $22569, and $22689. These can easily get filled with choppy price action. FOR NEW TRADERS:- Do not trade at all! Wait for the market to settle down and get entries a few hours after the announcement. DYOR, This is not financial advice. The two scenarios are shown in this chart. Which one do you think is highly likely? Invalidation:- Break and close below $21878, which will be our Stop Loss. Do show your support, it motivates me to post frequently. Thank you #PEACE
Long
by Cryptorphic
15
BITCOIN: A BULLISH RALLY AWAITS!Hello traders, I hope you all are doing great. In this update, I am gonna answer all your doubts related to Bitcoin. Out of all the DMs, I have short-listed three questions, 1) Where BTC is heading next? 2) When are we gonna see a bull run in the market? and 3) What is the support and resistance for BTC? Before we begin, let me clarify that this update is based on my analysis and research. So, do your own research before investing. Alright, BTC has shown some impressive moves last January and it still continues to hold the $23k level. So far, the market has been doing well and we can expect some more positive rallies in the coming days. 1. Where BTC is heading next? Ans: If you check the daily timeframe then you will notice that BTC has broken above the resistance trendline. And in this weekly timeframe, BTC is yet to hit the $25k resistance. So, most probably, BTC should hit the $25k target next. 2. When are we gonna see a bull run in the market? Ans: According to this weekly chat, BTC is already in the uptrend rally and if things go with the bulls then by February to April 2024 we will witness a new all time high on BTC. 3. What is the support and resistance for BTC? Ans: Currently, there are two support ranges for BTC, $18k to $19k, and $16k. Also, we have a resistance of $25k which is crucial for BTC to break above to continue a higher rally. Conclusion: BTC must break out above the $25k resistance in order to continue this uptrend. We might see some corrections in between and I will consider it to accumulate more BTC and other major altcoins. BTC has done it before and BTC will do it again so keep believing and keep improving.
COINBASE:BTCUSDLong
by Dexter_The_Trader
8