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BTCUSD: A Breakout Finally! Will the Support Hold? | Jan. 13It looks like the bulls have finally managed to take control after a long sideways battle. In our previous analysis posted on CoinMarketCap Alexandria, we expected the price to rally to $18,600 upon flipping the resistance at $17,700. The price rallied to $18,800 this week and broke the $18,800 mark for the first time after November. In the 4-hour chart, we can see a clear breakout from the supply zone at $18,800 on Friday. It is crucial for the price to sustain over the supply zone for a continuation of the rally. We may see a minor pullback, as the RSI is pointing towards an overbought state at the time of writing. If the supply zone is sustained, expect a strong move to the next resistance at $19,750. However, if the resistance at $18,800 fails to hold, the price could tumble back down to $17,700. Traders should wait for a retest before taking a long position, to be on the safe side. The major points of interest are $18,800 and $19,750.
by CoinMarketCap
BTCUSDT - Phoenix Ascending Points to $22KHi Traders, Investors and Speculators of the Chart📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫 By using two trusted technical indicators together, were able to get a near term price target for BTC : $22K. When used correctly, Bollinger Bands in conjunction with Phoenix Ascending can provide a highly accurate price target. From these two indicators it seems that Bitcoin may soon attempt resistance zone $22K. The ultimate question though, is if we will be able to CLOSE above this zone or if it would just be a wick, hunting for stop loses. Want to know which altcoins you should be watching closely AND why ? Take a look here: 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
34
BTC BEARISH day tomorrow? 14k validBTC: after re-evaluating after some pattern invalidation, the best I can make for BTC is that this macro structure on the weekly where the weekly volume indicates a big move soon. Most likely decided by the SPY reaction the CPI reports tomorrw. So depending how the SPY leads, that will determine this overall trend for the next few weeks. The targets for the downside(15k and possibly 14k shortly after) and the upside(18.7 and 19.3k) are still valid from this perspective. My bias is bearish. Rising wedges in this overall downtrend would indicate a break down the downside targets so overall, I am still bearish. Looking for the downside targets listed above. On invalidation I will look for us to move to the top side of the channel to retest major resistance before another sell off
COINBASE:BTCUSDShort
by BTC-HONDA
2
BTCThis is slowly becoming my primary count, Weekly chart can continue to push here while DXY finds a ST bottom, but as we can see my 3rd wave has yet to test the 1.618% around $15k. Also the measured move breakdown from the recent triangle hits around $12,800. If my DXY analysis is correct and we get $110 ST pump to the dxy BTC should finish the 3rd wave anywhere between $10K to $15K before starting wave 4 to $24K and then ultimately finishing this bear market around $7,500 EOY.
BITSTAMP:BTCUSD
by Big_Mike716
2
BTC prediction long with entries and tp'sThe chart is pretty straight forward. Presuming we dip down in price due largely in part to the anticipation of CPI results; I'm of the mind that we will tap bottom of the current local ascending wedge , and then build a strong momentum upwards out of the current local trend and at least to the first point ive marked tp1. I am assuming in this scenario, that the CPI results will come back favorable. The current forecast is a lower rate, in turn i hope to see this be a catalyst for a liquidation hunt to the downside where i can catch a solid entry. And finally, when the news is released and the results come back as expected; price SHOULD rise rapidly along with volume . (i have seen opportunity in this moment to catch a strong position as well. Volatility can increase quite violently, sending price in either direction, gifting the opportunity to enter at a possibly much better price point!) As always, not financial advice. But if you were to utilize the price points marked on the chart for your take profit levels, please keep in mind that it would take a VERY strong rally, with a build up of momentum familiar to that of a bull market push. Now even with a bull run that sweeps us out from under our feet, tp4 is really pushing the limit. My opinion stands so that the odds of reaching that height are slim to none, and may be better left out of mind. However, tp2 and tp3 feel like viable targets based on the increase in volatility we are already experiencing. Momentum will follow as we build liquidity this week, and.. WE MAY GET A GLIMPSE OF A BULL RUN BABY!! Good luck everyone. And while ive not included a SL in my chart; understand the R:R ratio you are comfortable with, and choose wisely!! Remember as well my brothers and sisters, our dear old friend is always lurking. And he will hunt down a sloppy stop. Be wary the market maker and lets enjoy this ride!
Long
by AomoriAkuma