Btcusdlong
BTC is quickly returning to the $20,000 mark🖐 Hello everyone.
Forms a wedge pattern.
We are accumulating inside the wedge.
At the moment 17500 are strong resistance levels.
Briefly about the situation, now I am waiting for a decline to the support level and the withdrawal of liquidity.
After that, growth, since now most are waiting for a recession. I publish a very likely scenario for further price movement)
A good period for buying on credit has actually come)
🔥P.S Friends, support this idea with your like and any comment.
BITCOIN - Bear Market about to endAs with every bearish cycle, panic is reigning in the crypto world right now. And for this very reason it seems appropriate to make this analysis that, hopefully, will shed a ray of sunlight on the fearful ones. Since there is a lot to work with, I will divide the analysis into 3 parts (please note that this is macrocyclical trend analysis but fundamental analysis has not been considered).
The material in this publication has no regard to the specific investment objectives, financial situation or particular needs of any viewer. This publication is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation or an offer to buy or sell / long or short any securities, commodities, cryptocurrencies or any related financial instruments. Nor should any of its content be taken as investment advice. Trading and investing is extremely high risk and can result in the loss of all of your capital. Any opinions expressed in this publication are subject to change without notice.
1) Cycle Duration: Bearish cycle & Bullish cycle
2) Bear cycle bottom & Current bear market correction
3) Bull cycle top & Next bull cycle gains
1) Cycle Duration
Bearish cycle : If we measure the duration of the previous bearish cycles, we can see that the 1st cycle lasted around 150 days, the 2nd cycle lasted around 640 days, and the 3rd one lasted near 820 days. If we average them we can estimate a duration of 550 days for the current bearish cycle. As a result, we can infer a high degree of probability that we'll touch the bottom within the 4th quarter of 2022.
Bullish cycle : If we measure the number of days between the maximums of each cycle, we obtain an average of 1180 days. With this result we can infer that the next cycle top will be around June 2024. On the other hand, measuring the duration of the bullish cycle of each macro cycle, we obtain an average of 600 days per cycle. Which allows us to forecast that the next bullrun will be between the 4th quarter of 2022 and the end of 2023 1st semester.
2) Bear cycle bottom & Current bear market correction
Bear cycle bottom : The first bitcoin correction was about 93%, the 2nd one was near 85%, and the 3rd one was arround 83%. On average, bitcoin corrections have been reducing by 5 points per cycle, so we can infer that the current correction can reach approximately 73%. The price bottom we obtain with these calculations is roughly $14,000
3) Bull cycle top & Next bull cycle gains
Bull cycle top : As in all markets, as the market capitalization of an asset increases, the amount of money that needs to be injected to produce a significant price movement also increases. Therefore, in percentage terms, we can expect the profit level of the next bullrun to be lower than the previous one. In total terms, the 1st bullrun saw a rise of around 52,000%, the 2nd bullrun rise was close to 12,000%, while the 3rd rise was close to 2,000%. With this movement patterns it's fair to assume that the gains porcentage will be lower, so we infer gains of up to 1,000% for the next bullrun. The price top we obtain with these calculations is roughly $150,000
I hope you enjoy this review and found it useful. Or, at least, that this helps to give that little push needed for trend reversal.
Cheers!
BTCUSD: Is the Sideways Movement About to End? 🙄 Nov. 18After the deep sell-off seen last week, Bitcoin was unable to recover from the lows and has continued trading around $16,000.
Our previous analysis marked the resistance at $18,500 as an important level that the price needed to reclaim in order to show signs of strength. However, it failed, indicating a major sign of weakness in the price at the moment.
In the 4-hour time frame, we can see that Bitcoin has been consolidating in a sideways trend after the deep sell-off. It is too early to say whether we will see a breakout on the higher or lower side, however, a slight bullish RSI divergence can be seen.
If the price is able to reclaim the resistance at $18,500, it will be a great sign for the bulls. However, if the lower support at $15,600 is broken, we can expect a sharp fall, forming a new 52-week low. Traders should wait for a clear breakout on either side before taking any positions to minimize risk!
The major points of interest are $18,500 and $15,600.
BITCOIN close to the channel resistance 📖💡Hello 🐋
Based on the chart, the price is close to the support area and channel resistance ✔️
if
the price breaks the channel resistance to the upside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long Scalping signals on BTCWe have witness a 2% leg up in the opening hours, hopefully break the local resistance at 17k.
The plan for today is to wait for a good entry and go LONG. Also, Alts looking good today, will provide further signal later.
Buyzone: 1665x-167xx
Stoploss: 1655x
Target: 17k1 - 18k1
Like and Follow for more signal like this.
Expecting more pullback in BTCI wouldn't be surprised to see Bitcoin continue to pullback, especially with how aggressive the most recent sell off is. We'll see how price responds if it makes a new high, but I wouldn't expect a full reversal just yet if we get one. Price is hinting at creating new relatively short term (M15 + H1) highs. But also be prepared for further intraday pullbacks. We'll see what tomorrow brings us, but based on a WXY wave count as well as strong responses in PA, higher prices in the short term seem very likely to happen.
BTC USDT TODAY RETESTHi mates, the BTC tested yesterday the Level 16833-17200, but it looks strong resistance, it couldn't close daily over the level 16833$, I think that the coming news of Russian war effects the up moving.
so right now let's watch the retest on that purple trend line, to see the next step, I'll long #BTC from that point 16600$
BTC bullish on short-termBTC is moving above the trendline, looking bullish in short term.
IMO, It will be testing the 17k1 Resistance today. If it confirms a breakout, then we will see BTC trading at 17k7 - 18k1. If it can not break the resistance, well, chances are it will continue to sideway in the 16k-17k box for a while.
Potential Long:
Entry: now or wait for 16k8
SL: 16k5
Tp1: 17k7
Tp2: 18k1
BTCUSD will continue dropping. When buy? (NEW)With FTX exchange collapse the whole crypto market has been collapsing.
BTC broke the key support and reached $15700. The bounce that we saw yesterday was just a successful bearish retest.
Most likely the price will continue dropping.
It wouldn´t be surprising to see more crypto firms, lending platforms collapsing in the next days or weeks which would increase even more bearish sentiment in the market what would result in a final leg down also for BTC.
The sentiment is very bearish and onchain data shows that people withdraw their coins from cryptocurrency exchanges.
It´s fearful territory and it may be very ugly soon.
$14 000 is not a strong support therefore we expect that if the price continues dropping, we will see $12 000 - $10 000.
DCA between $14 000 - $10 000 which seems to be a perfect buy area for a long-term investment.
P.S Not your keys , not your crypto. Buy the ledger and withdraw your coins from exchanges.
Good luck
Bitcoin : Elliot Wave theory updateHey all,
A few weeks ago I introduced my Elliot Wave theory on Bitcoin . And this post is here to update this theory :
-Prices are still in the fifth wave of the corrective Wave A . The first target is hit, this one is located at $16,540$ . We're dealing with a possible bottom if the macro situation has no more bad news.
-Following the corrective Wave A , Wave B will permit to bounce for a few months and to go back to a better area, with a first major target located at $39,483 , the golden ratio of the retracement of Wave A .
Let's see how the evolution will be. I'll see you in a few weeks in the update of this situation. Do not hesitate to follow to stay update !
Cheers.
Romain
BTCUSD Forecast: Day Trade Set UpHey trader,
As you can see the price is currently bullish running in the head and shoulder patterns accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest on the 200 MA (that's visible on the MT4 chart) as well as the short-term MA trend. This bias will be fully confirmed once the price has (1) bearish retested the 1H H&S Neckline and 8 MA with a bullish reversal candle pattern close, or after it has (2) bullish broke and retested the 4H Half a Bat Neckline. If it decides to bearish break and retests the 1st 4H Key Lvl together with the 50 and 21 MAs, our bias will be rejected.
With that in mind, do not take the trade because this is not financial advice. I'm just sharing my point of view. You also can do the same in the comments section below. I don't mind because I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below.
Stay Profitable,
Sphatrades.
Bitcoin and rest of the market in accumulationHi guys lots of mixed signals going around the market at the moment ,which generally indicates big investors wanting to buy in at a cheap price
as it shows we have already hit the bear market bottom and through some TA and FA we can make a call that our position is long
-RSI has a hit a strong oversold region and is also indicating a strong bullish divergence in the 4 monthly
-Market cap has hit the top of the 2018 market and therefore the bottom cap for the 2022 of 850bil
-Overall volume is indicative of Huge amounts of oversells leaving bears liable for long positions within 4-8 month positions
overall expect all short positions in the next 6 months to get absolutely lit up current volume depth is growing
alt market will be prime for yearly long positions entrys right now with most coins being able to 4-8x within the next bull market.