Bitcoin- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg up.
Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k.
However, from a speculator's point of view, a buy here is not making sense from a risk perspective
In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
Btcusdlong
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.
Btc update ( as expected )I share before that BTC is in descending channel , and can go up any time .
I previously also said that btc will reach 16 k area
And on 16 k it was forming a descending bullish channel .
Now its on 19 approximately !!!
I think 19,600-20,000 is a good target this month , and then we back down .
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 $22K. The ultimate question though, is if we will be able to CLOSE above this zone or if it would just be a wick, hunting for stop loses.
Want to know which altcoins you should be watching closely AND why ? Take a look here: 👀
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$BTC - BOTTOM IS IN? - LONGED THE BOTTOM?!I think we will break $18400 as the liquidity has already been tapped quite a few times. $BTC
When should we take profits on our longs?
$20.000 is big profit trade already.
But a close above $19.000 invalidates the downtrend, so a run to $27.000 could start.
#Bitcoin
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
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.






















