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Btcusdforecast

Bitcoin- A flower doesn't make it springIn my previous analysis, I said that a break above 22k resistance could lead to further gains and a test of the next important resistance at 25k. However, after the break and a local high of 22.700, CPI data from US triggered a massive selloff and Bitcoin dropped more than 10% from top to bottom. Considering this false break, the large bearish engulfing, and the downwards direction of the trend, most probably Bitcoin will break also under 20k soon. In my opinion, this will be Bitcoin's next move and a visit to the 18k previous low is now unavoidable. Sell rallies against 22k is my strategy for BTC for the short term In the longer term, a break under 18k would bring panic into the market, and 12.500 would be in focus next. (Considering my outlook for SP500 and other US indices this is a very probable scenario)
BITSTAMP:BTCUSDShort
by Mihai_Iacob
30
BTC making 2 bullish shark harmonicsLeft Chart : We a have a bullish shark harmonic in process of developing which will complete at $17,870 level, Invalidation or stop-loss for this will be $17,032. If this level breaks down then we will possibly stop at $13k-$15k levels although I still feel we won't go down that further but anything can happen in crypto. Right Chart : Bullish shark harmonic identified on a daily chart which is in play at the moment, Invalidation point is $17,994 and near to that another 🦈 will complete. So we have 2 confluences for bullish price action and I know most people would find it funny but in these dark times we do need something positive. Lets see what unfolds in coming weeks.
Long
by NasirCrypto
2
Bitcoin- Is this a genuine reversal? 25k holds the keyAfter the recent drop under 20k, Bitcoin found bids, and on Friday reversed strongly, gaining around 10% in a day and breaking above the recent falling wedge resistance (visible on short-term time frames) Now, everyone is wondering if this is a genuine reversal and a resumption of the long-term bullish trend. As a speculator, I try to be as objective as I can and look strictly at what the chart is telling me. Looking at the weekly posted chart we can see that after 10 months of decline, BTC found support in 20k and the last 3 weeks of price action are showing an Evening Star candle formation which can be the first sign of reversal. However, the price is still under the falling trend line that started in Nov last year. More, Bitcoin has also a strong horizontal resistance in the 25k zone and as long as this confluence level is intact, we are still in a bearish trend. That being said, in my opinion, this 25k zone holds the key and in order to speak of a bottom, we need a break above first. A quick look into Total: Total looks a little better than BTC. Of course, also here we have a downtrend that started in Nov last year and an Evening Star formation in the last three weeks, but this formation can be very well a higher low, which is more bullish than the double bottom (not yet confirmed) from Bitcoin. Also here we have an important resistance ahead at 1.16T. In conclusion, although I hope for a reversal, I'm only cautiously bullish at this moment. Best regards! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
21
BTCUSDT 3D 🎂 Bitcoin price we expect $365k in 365 daysToday is our birthday - 2 years since two friends - traders created the PS Trade project. And although we have different approaches to analysis and different trading styles, we are united by the desire to diversify our working days and share the experience we have gained over the years of trading cryptocurrencies with society. For two years of public work, we have published more than 1500+ ideas on Tradingview, and you can evaluate the quality of their working out. On the occasion of our holiday, we would like to present you a c-c-combo idea-analysis of the BTCUSDT trading pair On the Bitcoin chart shows: - Gann box, which shows critical trend breaks on the global graph - Fibonacci levels on different timeframes, which historically work well as support and resistance levels, and also indicate future guidelines - as well as fractal analysis - which shows the psychology of the behavior of market players. So: The minimum program is the growth of the BTCUSDT price according to the blue fractal and the achievement of the goal of $117-120k in the spring of 2023 The maximum program is the movement of the BTCUSD price with a white fractal and $365000 per BTC at the end of summer - at the beginning of autumn 2023 The critical zone , where the global trend can change its direction to growth, is in the zone of $32-37k If the BTCUSDT price cannot be fixed above this zone, then the apocalyptic scenario that was published at the beginning of May 2022 with targets below $12-14k will be relevant _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
58
Bitcoin- Was the recent break a false one? Will it rise to 25k?Since the recent high at 25k and the break under the rising wedge, Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge. All this for me suggests no selling power at this moment and bullish accumulation on levels. The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k. In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
22
BTCUSDT "Double bottom" and growth to$32k or sharp drop to$12k ?We will traditionally start the new trade week with a fresh idea of ​​BTCUSDT Although nothing has fundamentally changed since the publication of our previous BTCUSD idea, where we published information on how the price of BTC changed on a monthly basis starting in 2013. So, for a previous week, buyers diligently close each daily candle above the critical point. The probability of the formation of a "double bottom" pattern is emerging The goal of working out such a pattern is +/- $32,000 per Bitcoin Confident fixation of the ​​BTCUSDT price below the critical point is carte blanche for the continuation of the downward trend. Today an indicator was also added to the chart, which shows the delta of trading volumes in a specific price range. As of 05/09/22, the deviation in the direction of purchases is +1%, and this includes the volumes of the strait 06/13/22 And if we have correctly configured the indicator, then the trade delta data will be constantly updated as long as this idea exists. Therefore, we think it is worth subscribing to this idea by liking it and writing a comment about what you expect from the cryptocurrency market in the near future. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
42