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Priceprediction

Bitcoin - We still need more indications to see the aftermath.Hey guys. Its been a little while since I posted last time. Bitcoin just seemed to show us its drama as usual and unfortunately we are in a hard position to speculate the most probable outcome at this point. But it seems its in a short term bearish trend and needs more indicators to be considered patiently. Therefore I will try to list the outcomes that have a big possibility by the following days and weeks by which I will be updating on the issue when we get more indications. - By this as I have already tried to point it out it seems short term bearish scenario is more handful at this moment backed by some fundamental indicators from the US government interest rate news. Looking at the chart we are in a point that Bitcoin is trying to escape a bearish downtrend breakout which is a critical point to whether it is going to breakout for a further downward correctional movement or not. After looking out the outcome from the daily candle at this point we will have a more clearer sight to predict where it might go in the coming days and weeks. As many traders and analysists are saying there is a probability of going downward to 33,XXX or even 28,XXX area if things are going to keep like these espicially in the US stocks and other major economical agents around the world. I will be giving updates after we see what happen to the close of the following candlestick. For now the scenario's can be taken as : 1. Refusal of a bearish breakout and going to test the 36,XXX - 38,XXX area. 2. Breaking out of the bearish side for a further correction towards the area of 33,XXX and 28,XXX respectively. Stay Tuned For Live Updates. @abanefsobulls
by cryptotalk_et
3
May the Support Zone of Steel Keep The Price of Bitcoin!Currently, we are all aware that we have broken the 50-week simple moving average. The result of such a situation, of course, results in a contact with the lower moving average, so I am talking about the 200-week simple moving average as the target. But this goal does not have to come immediately. As you know, we are experiencing negative situations in BTC parity with the crash of global markets. In the event that upward movements begin in the global markets, it is not even sincere that we will break the falling wedge formation that we are currently in. In any case, I am sure that everyone shares the same wish with me. At the same time, we should not ignore this in the case that there are two separate ABCD setups with different goals in our falling wedge. The status of the Relative Strength Indices at different time intervals and even the positive inconsistencies in these indices give us hope. And what's more, we know that the falling wedge formation is a bullish formation, which should not be forgotten.
by the6ylal
Possible Price Actions in Inverted Symmetric TriangleEven though we show a fake break out of our current inverted symmetrical triangle, we continue to stay inside the formation. If BTC shows the required performance, we break the price resistance at $43.5K and then after a re-test period, we will first start our journey of $47K and then $52K. We are in a tangle of movements that will cause us to think that we will be in this pricing process in the medium term. My completely non-technical prediction is that if we reach our target of $52K, market maker hidden hands can take BTC to a price of $56K and slightly above to burn the short positions that will be opened at this point. Afterwards, our $22K process will inevitably start and we will make trucks of money from short positions.
Long
by the6ylal
Possible Misleading Price ActionThis futures market you see was fake out 2 times before and received a reaction, now there is a possibility of a fake out again. Either this graphic will work or bad slaughter will come... When we look at the monthly chart, we are momentarily below ma20/M. If we see that we are closing below $40.154 at the end of the month, even 22K would be optimistic. Strong support and ma100 crossing $10,794. In principle, when one moving average is broken, the price moves to the other moving average; The closest moving average, ma50/M, is crossing 20,637. So my fuck scenario was that our monthly ma20 was broken and we walked to ma50. But not now, please not now....
Long
by the6ylal
Price Prediction with Possible Support and Resistance for BTCIt seems we are in a megaphone and according to the fibonacci replacement we should not break our support area. For the bullish expectation, we definitely need to go above ma50 as soon as we take the 4-hour timeframe as a basis. It is inevitable that the Megafon lower band of $38,500 will come in a possible support area breakout. In the positive scenario, if we can rely on the instantaneous appearance of the stochastic relative strength index, our journey to the $43,000 resistance will continue with the support we will receive from the fibonacci golden pocket level.
by the6ylal