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Bitcoinforecast

Bitcoin is forming the bull trap right now!Hello, everyone! I hope you enjoyed my last two trades, it were extremely risky, but we took very nice profit. I have completely changed my mind about trading. As you know I have lost significant amount of money, shorting the market during current bull rally. It was the moment where I fully understood that market is unpredictable. That’s why I also revealed that Elliott waves are needed not for entering position and predicting the future, but for the verification if the market is in impulsive or corrective wave right now. I was too self-confident using waves and forgot about other Trading Chaos tools. Now I started to use them all. We have 1h time frame of the BINANCE:BTCUSDT chart. The price hit exactly my target for the long trade and started local retracement. Now we can see that it has already formed two up fractals and one downfractals. It means that we have the fractal signals for both sides, long and short. Looking at the higher time frames we can notice the multiple bearish divergeneces. That’s why in my opinion the long trades now are risky. I will remind you, divergence is the greatest predictor that the wave 5 has been ended. It is not the signal, just caution. What about potential trades? We have the key fractal level $23564 . If the price will break this level I am going to open short with the stop-loss above the second up fractal $23893 . take profit I am going to place at $22575 . But we have to watch out carefully the moment when price approaches the crossover of the trendline support and resistance, we can see the reaction from there. If the signal will be activated it is going to be under the red line of the Williams Alligator indicator. It confirms the signal’s validity. Awesome Oscillator has also shown us the short signal, which enhanced our thoughts. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
9
Trading is Repeating- Not sure that we already finished Wave 1. - What we know is : " BTC went straight up for 4 weeks ". - the safest way for now if you missed the last bottom is to watch and wait. - At one point TheKing have to retrace, so be patient. - if BTC Retrace now : - Set your Fibo to -61.8% Retracement, around 18,500$ - Charge bag at the good time. - if BTC push more : - Wait for a retrace and recalculate your -61.8%. - Keep it easy and Stay Safe! Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
10
Possible level for BTCThis is a very basic and general idea about what we had as a resistant and support level between the $20k to $69k. Desipite of everyone is mentioning that bear is finished and we will have new ATH or this is just bull trap, you can find yourself a pretty good simple technical analysis of what level we should pass. At worst case scenario we need to at least reach a 0.5 Fib to say that we have retracement of crash and ready for the next one. Best case scenario starts when we pass 0.786. If we pass that level then I will be joining everyone to watch the market for better market. ANYTHING IS POSSIBLE, AND TECHNICAL ANALYSIS IS TO FIND THE POSSIBILITIES. While macro economy is not well I do not see a reason to be bullish for new ATH but we can be cheerful for a nice retracement.
by MehranVa1992
#BTC Game of Bullish and Bearish Deviations..#BTC has been trading inside this channel for the last week. Only a breakout will decide the trend. All the marked deviations are merely a filtration process before the next leg. But it's crucial for BTC to break the $23k level by this week. Else the trend will weaken if it gets rejected again and again. Keep an eye, better not be emotional. IMHO, Wait for the breakout in HTF, You can't be bullish or bearish in a sideways trend. You will only lose money trying to trade the sideways market. DYOR, Not financial advice. Do show your support with your likes and share your ideas in the comments.? Thank you #PEACE
Long
by Cryptorphic
7
The Bull market for Bitcoin has been confirmedI am so overwhelmingly optimistic that I incessantly evaluate my emotions to ensure that my viewpoint is not erroneous. But how unrealistic is this when #Bitcoin is on the verge of closing its weekly candle at this current price level? We have breached the triangle and the 0.382 Fibonacci level. In recent days, Bitcoin has also established support at the 0.382 Fib level. Bollinger Bands are contracting, indicating an imminent explosive breakout. In my opinion, we can begin preparing to revisit the $35,000 price level in the upcoming weeks. That is the next resistance point, specifically the 0.236 Fib retracement. Furthermore, the outlook on the monthly timeframe is highly favorable, which is in the process of closing within the next few days. Wishing you all a thriving bull market, my fellow Bitcoiners. Bull confirmed.
BITSTAMP:BTCUSDLong
by joerivdpol
bitcoin to 4k? bullish cypher on monthly look for D leglooking at bitcoin monthly chart, I see potential bullish cypher set up. The bottom channel trend line, is now acting like resistances against bitcoin, I anticipate a minimum retrace to B leg of the bearish cypher. From there look for price action to continue to correct in downward trend towards D leg of the bullish Cypher, a scam wick can have it touch 4k.. Looking to go long near D leg of Bitcoin on the monthly chart
BITSTAMP:BTCUSDShort
by moneyflow_trader
6
Bitcoin – my intraday trade revealed!Hello, everyone! The mid-term analysis for the Bitcoin remains the same, I expect the correction to $20500, but it does not mean that we can’t use the intraday trading opportunities. I expect the last leg up and am going to explain you why. On the 4h time frame BINANCE:BTCUSDT chart we can notice that the price is still above the Williams Alligator indicator, it means that the overall bias is still the bullish. Moreover we have the clear signal – the green dot under the candle. This is my hand made indicator which make it easy to reveal the Awesome Oscillator long signal. If the price will break the high of this candle it confirms the bullishness. We have to buy only at the breakout, therefore I placed the conditional buy order at $23103 . This is not only one argument, this signal is located above the red line of Alligator. Moreover on the 1h time frame there is a up fractal, which is also the key level, which breakout could bring the price at least to $24k , but after that the anticipated dump is about to happen. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
24
Bitcoin is about to explode!Hello, everyone! I hope you like my new analysis format with my intraday trades. Yesterday’s trade is still actual, but if you missed, you can use this one because it has much better risk to reward. On the 1h time frame BINANCE:BTCUSDT chart we can notice that the price is fluctuating around the teeth of the Williams Alligator indicator. It means that the market is about to explode an show us the impulse. Now we have the clear fractal signal if the price will break $23053 it can reach much higher levels. This breakout is going to be the trigger for bulls. Moreover we have the trendline resistance above and I suppose the Bitcoin should break this level to show us the higher high before the dump. Awesome Oscillator now is aslo gaining the strength, crossed above the Moving Average. It means that the momentum is rising. Very important we have to wait for the $23053 breakout to jump into long trade. The stop-loss should be placed just under the second down fractal at $22838 . Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Long
by Skyrexio
25
Next Bitcoin movesBitcoin broke out of the low 20K resistances and is approaching 25K. 20.5K is now acting as possible support. If Bitcoin comes down, it will have support at 20.5K and 16.5K. Both these areas are good enough to enter a long position. Lower time frames - minutes and hour - will confirm when it is nearing. Long position 1: I will gladly enter a long position at 20.5K with StopLoss at 20.3K. Take Profits at 21-22K, letting some run while upping SL area. A loss of 20K could see BTC going to 18 or even support levels below that. Long position 2: I will enter a long position at 15.5K and 16,5K. Both should be huge support. I will take some profits along the way and letting some run for the long run. Any BTC at 16K ish is worth it for the long run imo. Short Position 1: BTC reaching 25K warrants a short. Looking for lower time frames action to see how BTC reacts. Short position 2: If BTC goes through 25K and maybe even retests and bounces, it could rocket quickly to 30K. A short at 30K seems good, again check lower time frames. If BTC is hot, taking profits quickly. Even though BTC could go through both 25K and 30K, it should drop at both prices first time it hits, so a short at both places would be logical. Short position 3: BTC could go fast from 30K-40K as most people will buy at low 30K and not sell until at least 40K. Shorting at 30 for same reasons as the other shorts. Drawings show some suggested moves where it will react at these aforementioned price-points. Though dems and other sick elites are trying to wreck our economy, I am bullish on Bitcoin in general/the long run. Would love likes or comments, with ideas and other scenarios etc.
by KieranSeven3
3
BTC 25K UPDATES Can BTC Goes to Higher resistance? Were confused about this moves, no technicals is guaranted right now. So better Spot trading not futures. This week is Massive for all Stocks and Crypto, We have FOMC this coming Feb 1-2, 2023. Lets see if this Idea works, Looking on Previous Bullrun this Pumps is Trap on 25000 resistance level. Goodluck.. Trade base on your own decissions. Come and CHeck me out free analysis that I dont post here.. Thank everyone who follows. Keep Grinding.
Long
by D1GITALTRADES
2019 bull run VS 2023BTC / USDT hello all This is a new fractal between 2019 bull run and 2023 lets talk about the similarities between both years: 1- Both are after bloody bear market years 2018 and 2022 2- major downtrend line breakout 3- 200 1D moving average breakout 4- strong reactions from bulls after period of capitulation well I don't think it will be an identical movement but If BTC followed 2019 fractal then our target should be something near 50K (0.786 Fb resistance) Appreciate your support by likes and follow any questions or ideas please post it in comment section below
Long
by Babenski
31