Btcusdforecast
BTC UPDATE BTC / USD
Unfortunately BTC lost 45k local support area and situation becomes critical
But In macro view things are different
we still have important levels for watching :
First strong support 42k-40k the bulls should hold this area if we want to continue the current bullrun
IMO if BTC failed to bounce and closed weekly below 40k then i will consider the last pumps as a trap and then we can test 37k-35k again (much support there + moving average)
What do you think ..which pathway will BTC follow ?
Don’t forget to like this idea for more analysis
BITCOIN SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on BITCOIN as price takes out buy side liquidity making the asian rollover this night. Price keeps making lower highs and lowers lows with bearish bos (break of strucutres) which confirms for me we are going lower than that. I think BTC will hit 44.000 - 43.500$ in the upcoming week.
What do you think ? Comment below..
BTCUSD - after formation 1-2-3-4-5 price should drop...Hello Traders,
After rise of the price now we expecting downfall. After formation 1-2-3-4-5 should occur drop of the price. Red vertical lines indicates momentum change direction, blue is the price change direction.
Breaking trend kines will confirm price drop.
Cheers,
Jim
BTCUSDT Quick Update. Breakout Incoming, Bullish or Bearish?BTC shows it could breakout which makes things fishy.
Though I am in USDT right now. Will be more than happy if USDT dominance (my previous chart) breaks down and continues the downfall but we do need some pullbacks too. Nothing goes down forever.
So be attentive.
Multiple indicators are pointing towards another pullback in the short term. So keep an eye on it.
If BTC breaks the daily above $46800, we are good to go.
Better to keep cash in hands in case we get another dip which seems likely.
Hope it helps, If it does do not forget to hit the like button.
Thank you
#PEACE
BTCUSD LONG#BTCUSD - new forecasts (nr3)
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I'm still bullish for BTC and i think the price will continue to grow.
There is no clear indication that the upward move is coming to an end.
My old idea is still valid and my long position still in place and bought another dip at @ 46795 last night.
I'm waiting for next movement to area 52k or even higher.
This is my opinion on BTCUSD and not financial advice , hope this analysis is helpful for you!
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Resistance : 48200 / 49000 / 50000 / 52000
Support: 47000 / 45500 / 44500
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My TradingView community and my subscribers, please if you like this ideas do not forget to support it with your like and comment, thank you so much!
#BTCUSDT 80K Incoming!!! Brace yourselves...Welcome to this short update on Bitcoin.
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Let's get to the chart!
BTC looks good here and here are the reasons why BTC is likely to break the previous ATH.
1. BTC held the $33k level which is the lower support bottom for BTC
2. BTC is currently holding the $21MA daily,
3. Increase in BTC holders in the long term has reached ATH recently.
4. BTC is holding the 50 DMA level.
5. USDT Dominance is showing signs of bearishness.
6. TOTAL MARKET CAP is bullish.
7. Fractals are showing signs of a possible rally.
8. To complete the pattern BTC needs to print a third top which will eventually make a triple top
pattern in higher time frame charts.
9. BTC needed a retest after the $42k breakout and it's happened followed by a strong bounce.
Based on these reasons there's a high possibility that BTC will reach a new ATH in the next few weeks.
TRIGGER POINT FOR THE RALLY:- Break and close above the 200D MA.
INVALIDATION:- Break and close below the 30k- 33k support.
*This is not financial advice., this is just what I see in the charts.
Let me know your thoughts do hit the like button if you like this idea and share your views in the comment section.
Thank you
#PEACE
Fear/Greed Index = NEUTRAL ✅As many of you guys know closely look at the Fear/Greed Index indicator when trading the crypto market and i try to allign the technical analysis with the sentiment analysis because crypto market is very emotional and many moves are based on the emotions either it's fear/greed or anything else.
For today the 04.02.2022 FEAR/GREED index indicator is located at a NEUTRAL area meaning we have no ENTRY, the RETAIL HEARD is not in a GREED or a FEAR Sentiment so there is no trading opportunity based on this market analysis tool, let's wait for the btc drop somewhere around 45k - 42.5k in those areas there is a high probability the tool will be somewhere around 40-50 FEAR area so that will be a good LONG ENTRY.
✅ Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
✅ Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
✅ When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
What do you think ? Do you use this market tool ?
Bitcoin - Update ✅All the trades from the previous posts hit the TAKE PROFIT AREAS, i am still bullish on BITCOIN but right now i dont think we have a good entry area. I would like to wait the price somewhere around 45000$ or the w1 imbalance + bullish orderblock area on H4 somewhere around 42.500$ institutional figure.
From a market seasonality standpoint we are very BULLISH the incoming 3 months, look to only LONG in those periods.
What do you think? Where do you see BTC?
Trying New Indicators BTCUSDAn update for BTCUSD using a few new indicators
On the RedK VADER it can be seen we are at a bottom point
The McDonalds Pattern Indicator shows we have a nice support point
The Average lines allows a comparison to be drawn to a previous point in BTC's evolution, in which I think we will see price action following to be similar