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.
Btcusdforecast
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
BTCUSD Multi-Timeframe And TMP AnalysisGood morning my fellow Traders! This is my insight on BTCUSD. I don't normally trade BTCUSD. I'm fairly a small investor, but I do see a great opportunity for buyers and sellers. I do urge you to watch this pair and if it fits your trading rules giving you a high conviction to participate, go go for it. ONLY IF IT FITS YOUR RULES.
If you'd like more ideas please like this video and comment your thoughts below.
BTCUSD next monthly resistanceIf we close above current monthly resistance strongly with a bit of fervor, our next target would be 35k-37k. We still got a couple of days left for monthly close. Let us hope that we have a strong push up before the monthly closes. That will be favorable recipe for another 50% increase in the price from current levels.
Bitcoin Multi-Timeframe Analysis 28.01.Hello Traders,
welcome to this free and educational technical analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
🔥BITCOIN price SP500 FOMC-Fed Funds Rate. Next week will be hotEarlier this week, we published a possible trade for BTCUSDT. It is still in the process of being worked out.
The trade was based on the assumption that sellers would make every effort to protect the $25k area from an upward breakout. And it is justified and logical to cover at least part of the long positions in this zone.
But looking at the weekly candlesticks, we can see that the growth is only accelerating.
If buyers manage to break the stops of shorts above $25,000, this may provide additional fuel for a sharp 1-2 day impulse to the $27500-28,000 area.
And after a correction to the $20,000 area is possible, and theoretically, this will not be bad for the future growth trend.
We would also like to remind you that on 01/02/2023, the FOMC will meet to announce the new Fed rate. The forecast is +0.5%.
It is difficult to predict how the markets will react, but increased volatility in the markets will be guaranteed.
And at this point, We would like to remind you that sitting without a position is also a position and perhaps the most difficult position)
The SP500 index is on the verge of an upward breakout, but even traders by large companies included in this index are waiting for what the Fed will say. Therefore, in our opinion, it is worth keeping an eye on two possible scenarios.
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BTC TO 24K Today ? Here's a possibility in my eyes that could happen today!
BTC is in an upward wedge coming up to a very important zone. THE 24k Zone. BTC must hold the current support LVL of 22990-23100 IF it wants to continue to the upside.
If we hold this area we could see BTC go up and test the 23985- 24304 LVL
ON THE FLIP SIDE
If we lose this current LVL of support we will most likely go back down and test the 21100-21500 LVLS
It has begunThe BTC reversal has begun. This is the beginning of one of the greatest bull runs in recent history. All the macro factors indicate that traditional markets will fall - unbeknownst to many, BTC and crypto will actually decouple and remain a hedge against the entire economic collapse, becoming the new asset class that everyone will run to.
Enjoy the gains, the fun has just begun...
Bitcoin is going to Hyperdrive this yearThe monthly MACD speaks for itself. Of course you can play trading games and try to accumulate more and more Bitcoin by trading up and down the hourly and daily swings. However if one zooms out on the monthly time frame, those who like the MACD indicator can see for themselves that Bitcoin is a screaming buy into this multi-month uptrend we are about to encounter.
#Bitcoin - Only 88.000 USD possible till May 2025 #BTSUSD!!! Thumbs up and also look at the old linked chart from June 2019 and press "Play"!!!!
You will like it, too ;-)
The price patterns of the Bitcoin of the past years once again presented as an updated overview.
Should the patterns repeat in the same ratio, then I would come to "only" 82,000 USD to 88,000 USD per Bitcoin and no longer to over 100,000 USD with a bull market weaker by a factor of 5 times (417% )than the previous upward movement of 2,089%
Greetings from Hannover
Stefan Bode
BTC GOING TO 32000$?Although according to the previous analysis, I believed that Bitcoin will fall to 11450 and even lower, but market fluctuations and high energy took Bit to the price of $18,000, so now I believe that the whales took Bitcoin above $18,000 and allowed it to fall further. They did not give and they have manipulated the market. But whatever it is, the new analysis shows that Bitcoin has just started its way, and the candles are breaking the blue trend line, and Chico Span is crossing the Tenken Sen, and we shouldn't wait for the Kijun Sen to break.
I believe that when the blue trend line is broken by the candles, the next move for Bitcoin is to hit the red trend line. But all in all, Bitcoin should reach 50% Fibonacci and the price will continue until 50% Fibonacci equals $32,400. Although there is a weak upward energy in the positive movement of MACD, let us know that this energy is positive and it seems that the beginning of a positive but alive energy is like a bow and arrow that arches itself to shoot up.