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BITCOIN MAY FALL TO 10K IN Q4 2022This is a follow up to my previous idea I posted an idea a few months ago about how BTC likely won't go any higher than 200 DMA, and so far it has been following my outlook very closely. Bitcoin bearish outlook using 2018 data. I have been closely observing 2018 bear crypto bear market and have been studying it since last year. There are quite a lot of similarities between 2022 bear market and the 2018 bear market. If you look at the charts, some of these are quite obvious such as - Blow off top in Q4 2017/2021 - A little rally in spring 2018/2022 - Couple red months in a row in Q2/Q3 2018/2022 - Dead cat bounce in summer, green monthly candle in 2018/2022 So now we will look at what the BTC price action may look like if it continues to follow 2018. - The next couple months, like Q4 2018, would see the bottom of this bear market and have prices get to levels that could take many people by surprise. - November/December 2018 saw the market bottom out and gave a great opportunity of a life time, this may be the case again. - Also there are more factors here than just following 2018, such as: - More interest rate hikes - Negative GDP - Quantitative tightening - Inflation continuing to get worse with soaring prices - Another possible covid variant - More countries have economic collapses - Gigantic stock market crash, perhaps as much as 50% as per Michael Burry's outlook - Traders and retail choosing to cash out to pay their loans to avoid higher interests, or to afford basic needs with higher prices - People losing their jobs and more getting laid, having to take out their investments to support their families I have only charted upto Jan 2024, simply because it may be a bit harder to predict what happens after. In 2020 we got the covid crash, odds of another unpredictable global pandemic in 2024 are very slim. Also, the fed has mentioned that they could possibly start printing again as early as 2024, which also happens to be very close to the Bitcoin halving. And since we are making this based on past BTC trends, the halving always happens to slowly kick off the next bull market. To sum up: A) Bitcoin may fall as low as sub $10,000 in Q4 B) Mini bull market in first half of 2023, similar to 2019 C) Resume bear market in second half of 2023, similar to 2019 D) Getting to end the bear market in early 2024 and starting the next big bull market, similar to 2020 BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDTPERP COINBASE:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD INDEX:BTCUSD BNC:BLX NASDAQ:BLX BITMEX:XBT FTX:BTCUSD FTX:BTCUSDT BYBIT:BTCUSDC BYBIT:BTCUSD KUCOIN:BTCUSDT BITFINEX:BTCUSD
INDEX:BTCUSD
by Coindatahouse
Told YouHi everyone, Lastly, I posted an idea about BTCUSDT, if you have been following me, as I explained the factors that will lead us to the next dump, which it did. As we broke the last minor support, I think that right now we are just retesting it as a resistance; then, I think that we are going at least to the next support shown on the chart. Although, since we had a lot of volatility the last two weeks, I think the next short-term dump will be a bit slower than the ones we just had lately. Therefore, I think that we are still bearish in the short term and are going to make new lower lows. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
1
XRP LONG POSITION!!📉Well after the recent dump, the Support level that's actually so strong has held the price above it not a much but not from breaking it. Therefore if there's to be a pump I have market the entry point at around 0.3500 which is compromisingly safe and also profitable. Long Position Trade : Entry Point - 0.3500 Take Profit - Stop Loss - 0.3430 (Yes it's a pretty tight stop loss, because we dont know if that small pump actually a fake, that will reverse by going down) ⚠️NOT A FINANCIAL ADVICE
Long
by Vickrant_S
Perfection for the FILFIL came out of the perfect accumulation area and made a very nice bonus. The range of 5.1-6.25 is an accumulation zone for the elephant that lasts for weeks, and support is very strong in this region as resistance. It can now create a new accumulation area for itself. The range of 6.25-8.5 may be the new accumulation range. However, 5.1 level, which is the strongest support in the 4-hour close below 6.25, will attract like a magnet. 6.25 is the most important level to follow whether it is broken or not.
Long
by ARWIIN
⚡️ #BTCLIVE - 29.07 ⚡️⚡️ #BTCLIVE - 29.07 60:40 Bearish:Bullish I promise I am not a bear!!! The price smashed through the last point I was expecting a retracement. Amazingly it looks like BTC is finally doing what it was born to do and be a store of value and a safe haven during torrid times like these!!! We are coming up no to the key resistance of the longer term range and it is definitely the business end of the deal. I feel going into the weekend with alot of bearish TA on the cards will likely result in a retracement of pretty epic proportions. I am usually pretty bearish on weekends simply due to lower volume and generally more retail heavy traders being active. A lot of folks might be getting a little nervous too now they have made some nice and unexpected gains this week so might be happy to take the profit and chill for a bit. We are looking at a big bearish divergence on the 1 hour which is overbought too along with an exhaustion signal. The POC line is sitting very low along with the Future Pivot which carries more weight as the week nears the close. Orderbooks are looking a little bearish too. I am thinking that we will be seeing $22.9k in the pretty short-term with a more max pain target of $21k and possibly lower. There is a bullish scenario, there is ALWAYS a bullish scenario - but if we break $24.8k or more reliably $25k then it is likely we will see the tracking up to the CME gap at $27k+ Volatility is not over I feel so stay safe!
by Kryptochristian
5
BITCOIN STRONGLY RE-AFFIRMS DOWNTREND. DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND. This week Rates will be HIKED by the FED again .... Act Accordingly Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets. The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for the moment to sell for 6 Long years - they ARE GOING TO DUMP on the exchanges 140,000 bitcoins . Did I mention that in a few days One Hundred Thousand Bitcoins and Forty Thousand Bitcoins are DUMPED on the Market ? Act Accordingly.
Short
by cure4virus
6