Possible Bitcoin price movement for the nearest weekToday we will consider possible movements of the BTCUSDT price for the nearest trading week.
If you are interested our global look side possible Bitcoin price movements for years on the weekly time frame, we invite you here:
We believe that in the near future, there will be a strong momentum to the upside.
Why can the price up move stronger than down?
Because in addition to standard purchases, short positions closing orders will be added to long-limit orders. And usually, closing shorts are purchases by orders at the closest market price.
If the BTCUSD price breaks out of the triangle upwards and consolidates above $16700-16800, it may activate the first wave of growth to $17600.
The target for the growth wave in the coming week is in the region of $19800-20000.
Also, before the start of growth, it can be possible to "break out" the stops of longs, because it is easier to grow without "extra passengers". The critical level is $16000
Therefore, we publish this idea in the 4-hour timeframe to make it convenient to track which of the scenarios the BTC price is moving in order to quickly make trading decisions.
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Btcusdforecast
#BTC/USDT LTF Update, Read before you buy or Sell BTC.Welcome to this quick Update on BTC everyone.
Let me get straight to the chart
BTC broke below the pattern and we had a nasty weekly close.
I expected $15300 to be tested but there was a short-term demand at $15800 and we saw a bounce.
And after a couple of hours Elon Musk said something positive about BTC in his tweet.
If you ask me, Up or Down?
Well, I don't know.
Keeping in mind the current market situation from a fundamental perspective.
There's still a lot of instability regarding FTX and other illiquid small exchanges.
Traders are withdrawing funds from exchanges which are making BTC more illiquid.
this will make it easier for the Whales to manipulate BTC.
Low Liquidity, Big candles.
Gotta be careful.
CZ is working on helping the other projects to survive these difficult times which is a good step from his side.
In the long run, everything is going to be better.
However I am not Bullish nor Bearish, I am just saying to be extra careful here.
Lower Support is at $13800, $12700a.d $11680, These will be the best price to get into BTC.
Still, Do your own Research, This is not Financial Advice.
MY ACTION:- I have bought BTC with 45% of my Cash reserves and USDT below $16k.
Waiting for more lows or a trend reversal.
So far it looks like it can take a little more time.
Till than trade carefully and always use Stop Losses.
Let me know what you think and do hit the like button and share your views in the comment section.
Thank you
#PEACE
BTC failing to break above bearish volumejust a heads up, BTC looks like on face value its going to go up, but bare in mind, BTC isnt breaking above bearish volume as you can see with my relative volume profile at the bottom of the chart showing it isnt breaking above the red line, ignore the included strategy stats from the strategy i have on chart , it isnt relevant to BTC or the timeframe.
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.
BTCUSD ( BITCOIN ) BTCUSD
- By now the OVERALL CRYPTO SENTIMENT has become NEGATIVE with the collapse of FTX to BTCUSD. Therefore, BTCUSD is being SELL.
- FUNDAMENTALLY THERE IS NO GOOD ENVIRONMENT FOR CRYPTO YET. But with the FED being NEUTRAL, CRYPTO can expect a good POSITIVE UP TREND in the future.
- US CPI DATA has been released by now, it is a very NEGATIVE DATA. Due to this BTC went UP with USD being WEAK. You can further BTC UP to 20654 LEVEL in this CHANNEL.
- If there is an UPSIDE BIAS in BTCUSD, 17950 LEVEL can be BUY in short term. Also, if the TREND LINE is BREAKED, 15632 LEVEL can be SELL in the near future.
- The BTCUSD CHAT is currently showing a growth of 0.42%. BTCUSD PRICE MOVEMENT will definitely be determined on SNP500. Therefore, every NEWS that is POSITIVE for STOCKS is very good POSITIVE NEWS for BTCUSD.
Bitcoin - Death and GloryHello,
this is an Update to my last two Bitcoin ideas.
1.
2.
So far Bitcoin followed the way as shown in these ideas and i am currently looking for Short opportunities for the next leg down.
Short explanation as mentioned in the last two ideas.
Bitcoin price moves similiar to the 2017/2018 swing:
- Orange circle: Generate a top
- Downbreak to the 50% Fib (Blue circle)
- Red circle: Take out resistance that was generated by around that top / stopped the uptrend
- Downfall to the 23% Fib (orange rectangle) and genrate a Swing (but no break in MS)
- Retesting orange rectangle a few times and downfall
- Downbreak to the 50% Fib
So whats next: To consider a short i would want the weekly close below the orange level aiming for the Green rectangle.
I will buy Bitcoin at the Support level (green rectangle) or on a reclaim and S/R flip of 23k level.
If Bitcoin breaks down to the green rectangle we should see a long low-volume period followed by a retest of 50% - 61% FIb level. Retest again of the green rectangle and start of the next bull cycle. Time wise it could start around Bitcoin havling 2024.
So to recap my plans:
1. I only buy / long on the green rectangle or on a reclaim of 23k
2. Looking for shorts if we see a weekly close/open below the orange rectangle.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Trading Analysis btc/usd 12.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on BTC/USD.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
BTC USD price prediction on 2023 - 2024Hello everyone!
BTC/USD - accurately
predicting strong uptrend
tendency on 2023 - 2024 yy
Min price target - 30 000$
Middle price target 40 000$
Max price target 45 000$
Attention!!!
Do not in any way take this analysis for practical use in trading or investment purposes.
This is only a subjective assessment of the future for this financial instrument!
Trading is always a Risk!
Kind regards, Team Traders "PowerfulTraders"
Bitcoin- New leg down?In my previous Bitcoin analysis, I said that in current market conditions selling rallies is the safest way to trade and I indicated 18-18.5k as the zone to do this.
Indeed, after the break of support and the steep drop from the beginning of the week, Bitcoin rose, corrected the dive, and confirmed the 18k zone as new resistance.
The price action from the past 2 days is drawing a small triangle on our short-term chart and this could be an indication of continuation to the downside.
The base of the triangle is around 3kusd and this gives us a target of around 14k for the next drop.
Only the price back above 18-18.5k in terms of daily close would put a pause on the drop and signal a potential range trading for BTC.
BTCUSD ( BITCOIN ) 🔰 ⭕️ BTCUSD ⭕️ 🔰
- Currently there is an OVERALL POSITIVE SENTIMENT for BTCUSD.
- FUNDAMENTALLY THERE IS NO GOOD ENVIRONMENT FOR CRYPTO YET. But with the FED being NEUTRAL, CRYPTO can expect a good POSITIVE UP TREND in the future.
- US CPI DATA has been released by now, it is a very NEGATIVE DATA. Due to this BTC went UP with USD being WEAK. You can further BTC UP to 20654 LEVEL in this CHANNEL.
- The BTCUSD CHAT is currently showing a growth of 9.96%. BTCUSD PRICE MOVEMENT will definitely be determined on SNP500. Therefore, every NEWS that is POSITIVE for STOCKS is very good POSITIVE NEWS for BTCUSD.
BTCUSDT - Next Move ( Weekly )Hi All
Bitcoin is in a range zone Exactly at 0.786 Fibonacci. It is a very important place and it cannot be broken easily. From here, we will go up to $25000 to hardly $30000 ( look at the huge volume ) and then the price will drop to the bottom of the channel ( it takes time), which is $10700.
remember that $30.000 is a powerfull supply zone for btc.
short term : price going up
long term : price going down
if you have a question comment it
This is not a signal . be carefull
GOD BLESS
BTC can reach $15000In my opinion, with the triangle pattern that Bitcoin is forming, we can expect it to reach the $15,000 range by breaking its dynamic support. Now we have to see how fundamental news can affect the price trend. However, at first, the range of 15,000 dollars and then the range of 12,000 dollars, as indicated in the chart, is not expected.
This is just a personal opinion and should not be used as a criterion for making a trade.
Please Comment if you have any other idea. here we want to learn from each other .so tell me if you are agree with me or not ? :)
Nightmare BTC ScenarioThis is the worst case scenario for BTC, a giant macro head and shoulders. The best case scenario is that we bounce at the macro GP around 9-10k. Based on the S&P fractal (the one from the 2008 crash that perfectly fits our current price action) I have to assume the worst for the crypto market. I was just waiting to see what the "news" would be that triggered the huge crash, and we just got it with FTX. That's our "black swan event" - buckle up everybody. Short everything for financial freedom, and don't forget to put your hands up and yell "weeee!" all the way down. Also make sure to withdraw profits on the way so the exchange isn't insolvent by the time we get there lol
BTCUSDT - June Minimum Update.The first cryptocurrency after breaking through the trend was unable to break through and consolidate above the middle of the trading range, at the same time since June we can see the growing volumes on the haircuts. Against the backdrop of extreme events in the cryptocurrency world, Bitcoin sank by 10% from the local high. At the moment, the price stabbed the June low, and continues to trade on it. We can expect further price shedding into 15500-13000 range unless strong support appears.
If you like the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BTC Last crash ? comparison between late 2018 and late 2022BTC / USDT
hello guys want to introduce an interesting comparison between late 2018 and late 2022
In this fractal there are similar and strong factors :
1-Both 2018 and 2022 are bearish bloody years
2-The comparison between both years at the same 4th quarter
3-both years have special events (BCH fork and ETH merge)
4- In 2018 this was the last crash and I believe this will be also the last one
In 2018 the drop from the event was around 51% crash to the ultimate bottom , if we applied the same percentage the final target will be 11K !
Important Note : its not nessicary to make the same identical move
it can flactuate little above or little below , and here i will show you strong levels which could be the bottom :
1- 18K-17K ( Double Bottom )
2- 15k-14k ( Monthly Support )
3- 11K - 10k ( Historic 85% Correction )
Overall the bottom is close so dont worry
Do you agree about this comparison ?
Share with me in comment section below and dont forget to hit the Boost button
BITCOIN trade for the weekendWe hope that the market has already processed the news related to the Fed's actions and statements and has calmed down a bit.
So we can try a conservative trade of buying Bitcoin:
Entry $18651
Stop $18089 (-3%)
Take profit $21444 (+14.98%)
P/L ratio 5/1
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