Btcusdlong
BTC ANALYSIS#BTC UPDATE.
#BTC is has now close above the red box daily resistance area and the red box is currently acting as the strong support.For now it is important for btc to closer above the blue box resistance as well in order to continue upside move ,however,we are still in bear trend as we do not have any reversal signal yet.Trade safe and do not use high leverages.
Bitcoin Cup & HandleBitcoin is forming a cup and handle pattern on the Daily chart, and is currently close to breaking out. Although we can't know for sure if it will break to the upside or downside, Cup & Handle patterns are known to be bullish, therefore, the potential bullish target is available on the chart.
BTC ANALYSIS#BTC UPDATE.
#BTC is still facing the red box area as the huge resistance so there is nothing changed since last day but the Bearish RSI is indicating some bear move ahed until btc closes above the red box area with confirmation.
Why I believe the Crypto & $BTC market bottom is in!Reasons why Bottom is in!
Using our 2day Candle system both Ethereum and Bitcoin passes the buy rules, it has a 75% success rate of correct calls!
Previous cycles have shown bottom was found 17-18 months before Bitcoin halving, December 2022 marked 18 months!
On the weekly the Stoch RSI currently in an uptrend and with a Higher high printing. The MACD Bullish too. Using the weekly candles, the 2017 top to 2018 bottom was 52 Weeks, The 2021 Top to current 2022 bottom is 52 Weeks.
The 12 day candle has the MACD UPtrending for 5 bars. When this happens it usually signals we passed bottomed.
Using the 2 week Gaussian Channel in 2015 the channel turned red, by that time the market had already found the bottom. The only other time it went red is this week, Bottom in?
In January 2019 The Money Flow Indicator (MFI) on the monthly printed oversold while the stochastic RSI HAD 11 months oversold. In January 2023 again MFI oversold and Stochastic RSI has 12 months Oversold.
There is also bullish divergence.
In my mind I rather be in Bitcoin or cryptocurrency as in my opinion the bottom is in unless something left field occurs.
$BTC Follows $ETH Just like that Bitcoin follows Ethereum into what I believe is the beginning of the BullMarket.
Ethereum was 1st to produce all buy rules on the 2day system and 1 candle later (2day) Bitcoin has though be cautious as price just closed above the 20 MA and a close below it is a sell right away.
Passes Stochistic RSI and MACD
SEE ETHEREUM below
Bullish for bitcoin confirmedHello
as we mention in latest bitcoin analyze, bitcoin in going to touch 18000 in short-time. its very good time to open long position .
all you need to know is in chart.
good lock
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
BITCOIN: $18K POSSIBLE.Hello guys, welcome to this BTC update in 6 hours timeframe.
For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then $18k is expected. For support, we already have the lower support line at $16.6k.
So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must.
Key points:
1. Expected target: $18k.
2. Invalidation point: Close below $16.6k.
3. Confirmation: Breakout above the blue box.
Thank you for reading.
Stay healthy and trade safely.
BTC BREAKDOWN AFTER FOMC MINUTESGreetings dear traders, today I expect even after yesterday's not entirely bullish FOMC minutes that we will maintain the trend up to about $17100 but my prediction for long is from the price of $16732
If we close below this marked level we will go lower to $16600 to $16520 which I don't believe at all today
BTC will start to ramp up within the next 30 days. Just education here, not financial advice as you can stay in cash or whatever you want.... We are on thin ice for sure. Although the long term trend is still in the selling direction (next stop around 13.7k if we break the ice).... There is still a small chance that is definitely not a popular opinion we break in fact to the upside as everyone is definitely scared, turned off, bored, and screaming for lower prices due to the economic and or government issues around the world. I have to say this one would be one for the books as most people are looking the other way. I know the elites want the poor to buy BTC below 10k.... NOT EVER! Whelp I wouldn't mind adding more at 10k or below, but all these scrums still screaming for that 10K got me thinking.... We may not ever hit the mark. I guess I will believe it when I see it. Good day! Much Love!
BTCUSD LONG SELLBitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class, and a huge step away from traditional, centrally controlled money. Today, many advocates believe Bitcoin will facilitate the next stage for the global financial system, although this — of course — remains to be seen.
BITCOIN: A PUMP TOWARDS $17K.Hey guys, here's a quick update on BTC in 3 hours timeframe.
BTC has been struggling to break through the 21 MA resistance level. The good thing is that BTC is still above the support level and until and unless BTC stays above it, we can expect a jump toward the $17k.
So, I am aiming for $17k in the short term. The invalidation point will be a candle close below the support line. What do you think?
2014-16 Bitcoin Bear Market VS 2021-232014-16 Bitcoin Bear Market VS 2021-23..?
A bear market refers to a declining market trend, characterized by falling prices for securities. In the context of Bitcoin, a bear market refers to a sustained period of declining Bitcoin prices.
There are a few different reasons why a bear market might occur in the Bitcoin market. One possible reason is a general loss of confidence in the asset, which can lead to a decrease in demand and a corresponding drop in price. Another reason might be the emergence of new, competing cryptocurrencies that investors perceive as being superior to Bitcoin, leading to a shift in demand away from Bitcoin.
Bear markets can also be influenced by external factors, such as regulatory changes or economic downturns. For example, if a government were to crack down on the use of Bitcoin or other cryptocurrencies, it could lead to a decrease in demand and a bear market.
It is difficult to predict exactly when a bear market will occur, as they are often the result of complex and multifaceted factors. However, it is worth noting that Bitcoin and other cryptocurrencies are highly volatile and have experienced several bear markets in the past.
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!