BTCUSDT - pending Inflation. The expectation of a short- Came to the area I marked in the video
here -https://www.tradingview.com/chart/BTCUSDT/g0HMDQc6-bitcoin-nachalo-bychbego-trenda-2023/
here-
here-
I started longing since January 22
The markets are coming alive because of the injection of money into the economy through military companies that produce weapons and so on. written here
money injection
Now it's more likely to see a correction than an acceleration. A big sign of this: a friend I wrote to 2 months ago who I told to buy crypto and invest in the market. But he only matured today. He says he wants to buy (haha, bitcoin is up against resistance, I am waiting for a pullback price, but he wants to gain a position).
What else to add: Broke through the trending orange.
But there was no test. So we wait for the retest a trendline. If it confirms the breakthrough. Then we will see in the near future 30k prices on the Father *BTC* .
What are your thoughts?
Bitcoinforecast
Financial Wave. BTCIn the last review, we talked about the possible completion of Bitcoin growth in wave (b). Now it looks even more likely.
Our priority scenario in BTC is the beginning of the decline in wave (c) to the first target of $17591. If the price of Bitcoin rises above $18382, our scenario will change.
Bitcoin BTC price will try to start a growth trend in a monthThe past trading week was very hot. Many regulators of the world's economies summed up the results of 2022 and set priorities for 2023.
Nevertheless, the BTCUSDT price moved quite predictably
First, we saw the break-up of shorts stops, and now a logical correction price.
Also in this idea, we wrote about CPI and FOMC - Fed Funds Rate and how they influenced the movement of cryptocurrency prices, if you are interested, welcome! :
Today, we bring to your attention a possible scenario of the BTCUSD price movement.
On the chart, we have depicted a fractal according to which the price may move in the next six months.
The main point is that in the next month and a half we can expect a tedious consolidation of the BTC price
Then in late January - early February 2023 - a breakthrough impulse upwards.
Further trend movement upwards at least until mid-May 2023 and fixing a maximum in the range of $44-45k.
If you are wondering what the red, yellow, and green lines on our chart mean, we invite you to re-read our global idea.
Also, by subscribing to this idea, you will be able to follow the movement of the Bitcoin price on the weekly chart.
And what will happen to altcoins while the BTCUSDT price is in a month-and-a-half consolidation?
It is very likely that altcoins may start to selectively "shoot up". This is also a very important component in the emergence of a possible future growth trend
After all, if after more than a year of falling trend they finally start shooting up, it will show investors that the market is coming back to life.
And if the market comes to life, then you can start pouring in money.
And then the cascading growth: more fresh money - more pumps - all start to brag about how much %% they earned = even more fresh money, and this is the beginning of a full-fledged growth trend.
And by the way, the total capitalization of the crypto market now moves by the fractals depicted in the idea above. Probably everything is just in its infancy, it will be more interesting!)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Bitcpon Prediction for 2023-2024Bitcoin still is in a Bear cycle and we will continue to be during 2023.
Yes, there's going to be rallies but they won't last much.
As you can see in the graph, the current situation for Bitcoin in an Elliott Wave count is on a corrective pattern consisting of a A,B,C,D,E (5 wave) bearish diagonal.
We'll see how it creates that pattern during this year, in correlation with SPY and the markets, expecting a grave bear run at some point and a quick recovery later on.
Bitcoin price bottom reached? Then target for growth is $355000Today our main goal is to inspire you with positive thinking, because there is too much negativity in the market.
Therefore, immediately a spoiler: "who will not give up and stay in the cryptocurrency market, they will be happy in the future"
To begin with, the current fall of the cryptocurrency market is directly linked to the possible bankruptcy of FTX.
But not everything is clear, there are many backstage games and such problems do not arise and are not solved in a few days. Yesterday Binance wanted to buy FTX, but now it does not. There is hope that next week Justin Sun will inject its own liquidity and save FTX. In general, we started to keep a chronology of events around FTX on the FTTUSDT chart back on 07.11, when the price was $22.6, if you are interested, we invite you to read:
To summarize, the FTX liquidity gap is currently estimated at $8bn, only the theft of BTC from MT.Gox in 2014 at the current price of +/- $11bn was bigger. This is if we compare the problems of crypto exchanges, which at one time occupied 2-3 places in the top.
Here is the BTCUSD chart since 2012. On this chart, we depicted parabolic arcs accompanying the growth and correction of the Bitcoin price from the beginning of trading and into the future.
The red arc shows the limits of critical falls
The blue arc shows the boundary of historical highs.
The range between the yellow and red arcs indicates critical purchases by "big money" while small and medium deposits sell their assets due to "bad news"
Above the yellow arc, the growth trend is gaining a natural character.
After breaking through and fixing the price above the light green arc, the growth trend accelerates. Also, the range between the light green and blue arcs can be called a "healthy environment for the Alt-season"
Why do we think that the bottom, if not already was, is very close?
Below we will present you some of our ideas that we published during the last 2 years. Not to brag or anything like that, but to show that in different periods of the market, calculations, patterns, or fractals have suggested +/- the same range of potential "bottom" in the future.
Publication from 28.02.2021
If you re-read the idea and turn on the workout, you will see that the target of the drop was $12000. However, this fall has shifted in time, and now the price of BTCUSDT is at the marginal support of dynamic Fibo levels.
Publication from 19.10.2021
The assumption was the formation of the "Double Top" reversal pattern. The range of working out of this pattern is from $63k to $12-16k
Publication from 25.01.2022
The growth was stopped by sellers at the critical point of $44500 and finally broke through the parabolic growth trend. The possible range of BTC price drop is $12-14k
Publication from 08.05.2022 with a screaming name that the apocalypse in the cryptocurrency market is possible if the "Head and Shoulders" pattern begins to work out
Unfortunately for most crypto enthusiasts, this pattern has already started its development. The target of this pattern is above $14900, the current low of $15500 is very close and the statistical error has not been canceled.
Of course, only you can evaluate the development of ideas, we are ready for constructive criticism in comments under this idea.
Let's move on.
The Bitcoin price chart clearly shows one interesting pattern.
Previously, there was already "BTC halving" 3 times. And it turns out that "the halving" was exactly in the middle between the absolute bottom and the absolute maximum of the current trend price movement.
It happened in 2012, 2016, and 2020, just check it on the chart.
The next halving is projected for early April 2024 (it may fluctuate +/- a few weeks depending on the BTC mining capacity involved)
So if we compare all the facts and assumptions based on this chart, we can come to the following conclusion:
- "The absolute bottom of the current trend may occur in the coming days/weeks, if not already was, in the range of $14-16k.
According to our calculations and assumptions, the potential for BTCUSDT price growth is up to $355-360k . In terms of time, such a goal can be achieved no earlier than autumn 2025.
If you liked our visualization and description of the chart: like it and write a comment under the idea. In this case, you will be subscribed to the idea, will receive updates on our thoughts on it, and will also be able to track the development for the next three years.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Financial Wave. BTCOur BTC priority scenario again led to the previously stated $17,513 targets. There is every reason to believe that the upward wave b is over. The next move in Bitcoin is a down wave c that could take Bitcoin prices below $15,000. We’ll not make hasty conclusions, but wait until the $17028 level is broken. In this case, it will be possible to consider that the fall in BTC has begun, and we’ll be able to determine short-term goals.
Bitcoin is about to crash!Hello, my friends!
The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days.
Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3.
The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080 , now I am in small loss and is going to wait for at least $15600 to partially take profit.
Best regards, Ivan
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
How do you calculate Bitcoin's Market Capitalisation?It’s quite similar to calculating the market cap of a share.
To calculate the market capitalization of a cryptocurrency, you need to know two things:
1. The current market price of the cryptocurrency
2. The total number of coins or tokens that have been issued.
Then all you do is multiply the market price and the total number of coins or tokens.
Let’s calculate the market cap of Bitcoin…
The current market price for bitcoin is $16,939 and the current number of tokens in circulation are 19,255,318.
To calculate the market capitalization of Bitcoin, you would multiply the market price by the total supply.
Bitcoin market cap = $16,939 X 19,255,318
= $329,021,194,902
You can go on Google and type in what the price of a Crypto coin is and then what the number of tokens are in circulation.
Then multiply the two and you’ll have the market cap.
If you have a trading question, ask in the comments.
Trade well, live free,
Timon
MATI Trader (Trader since 2003)
BTC Bitcoin Santa Claus RallyBTC Bitcoin tends to follow the stock market in price movement.
U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for BTC Bitcoin is $17340.
Looking forward to read your opinion about it.
Bitcoin / USD Long and Target will be 17950Bitcoin /USD trading in Descending Channel pattern. According to chart pattern analysis we might see upside in Bitcoin/USD towards resistance level of channel pattern at 17950. long trade can taken with stop loss as shown in chart.
trade with stop loss and own capital risk management.
views/opinions are welcome to discuss
Financial Wave. BTCOur priority scenario in BTC is the completion of wave (c). The uptrend is over or almost over. $17513 is the next possible reversal target. If the price of Bitcoin falls below $17028, we can consider that the downward wave (c) has begun, and we can determine short-term targets in BTC.
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!
$BTC Just another Bullish sign signalledUsing this 3day candle chart:
For years now many people only use the NVT Indicator as a buy for Bitcoin and today we have a confirmation that it has turned bullish since November 2022.
If we close like this or higher on the weekly the NVT will be bullish too and this is just another indicator of the bottom being in on top of the 7 mentioned last week. Read my report below
BTCUSD Trading Plan - 9/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect BTC to go Down after finishing the 4H correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Is the Bottom in Bitcoin In?Interesting chart showing potential new up-trending channel for Bitcoin.
To me, it looks and 'feels' like the bottom is in, coupled with an Alt-coin rally, as the AltPerp Index is showing clear signs up trending up.
Also ETH.D is holding the line in it's uptrend that started back in Nov of 2019, and USDT.D which is inversely correlated to crypto prices, is breaking down below a key trendline support.
At the very least, we have a tradeable bottom forming and looking very good to me here.
On the other hand...
A Gemini collapse, or sudden dumping of BTC by Greyscale to bail out bankrupt parent company Digital Currency Group and Barry Silbert, could still send us lower like FTX part II.
New information = new decision.
But as I always say 'Show me the chart, I'll tell you the news"
And the charts are telling me that all the contagion has been priced in, and money is starting to flow back in here.