Get started

Bitcoinforecast

Bitcoin – the bounce is possible!Hello, everyone! As you know I am in short position and I am sure that the new impulsive wave to the downside has been already started, but local picture told us that we can catch the pretty nice scalp long trade. Let’s take a look at the 1h timeframe of the BTCUSDT chart of the WhiteBit exchange. I decided to consider the waves 1 and 2 as it is shown of the chart. In this case the wave 3 reached exactly 1.61 Fibonacci retracement level – the natural target. Awesome oscillator minimum value also confirmed my idea that wave 3 has been finished. Oscillator has also crossed the zero line which is the minimal requirement for the wave 4 end. It means the we have to catch the wave 5 bottom to trade the potential bounce. Let’s wait for the divergence and the bullish reversal bar to enter the long trade. Watch out my updates I will tell you when I am going to execute this trade. Best regards, Ivan
by Skyrexio
10
BITCOIN: NOT A PLEASING CHART.BITCOIN Update: BTC in a shorter timeframe is not pleasing to the eyes. This rejection indicates a drop close to $16k to $15.8k in the coming hours. If BTC gets back above the resistance level ($16.8k) then we can think of some positivity but until then I expect a further drop-down in the market. In a higher timeframe, BTC looks more bearish and we can expect it to drop close to $15.1k. This is good for the long-term holders to accumulate BTC at a lesser price but RIP for those who went long on BTC in leverage. Key points: 1. $16.8k Resistance. BTC must break this to claim some positive move. 2. $16.1k further drop level. Trade safely, guys.
COINBASE:BTCUSDShort
by Dexter_The_Trader
3
BTC - Buy Low Sell High StrategyEveryone is asking the same question: When and where will Bitcoin find the bottom and where should I enter...? To be able to answer this question at least a little bit, we present you the strategy "Buy low and sell high". This is actually the simplest strategy in investing, which is nevertheless done wrong by 95% of investors, because buying low and selling high is only a matter of opinion. For one person Bitcoin is low at 50,000$ and he buys and for another person Bitcoin is low at 10,000$ and he gets in. Therefore, the successful implementation of this strategy is based on precisely predefining the low and high points in order to be able to determine where a "low" and where a "high" is. Entry areas Defining this is harder than one might think, especially in such volatile times as we are currently experiencing. Therefore, we do not focus on lows, but areas. We delineate the different areas with the help of trend lines and horizontal resistances in order to be able to determine, on the one hand, how low it could fall and in which momentum it is in the individual areas. Accordingly, we have also shown the areas in gradient colours. The redder the areas the more bearish the momentum, the greener the more bullish! You have to look at this the other way round in terms of investment strategy: The redder the area, the larger my entries should be. The greener the area, the larger my exits, i.e. profit-taking, should be. Examples of strategy implementation If you are only waiting for the one perfect entry and the one specific exit, you will probably have very little success. It is much more effective to enter in steps in such volatile markets: According to market conditions: You stay constantly on the chart and try to follow the individual levels and react to them. You are thus more spontaneous and can intervene manually. Light red: invest small amounts occasionally Red: invest medium-large amounts more often Dark red: invest large amounts more often. Light green: take small profits occasionally. Green: take smaller profits more often Dark green: regular larger exits/profit-takings On the basis of fixed predefined entries You set predefined orders for each entry range (light red - dark red). E.g.: you divide 100% of your Bitcoin capital as follows: Light red: 20% Red: 30% Dark red: 50% For each of these areas you now define a price level in this area and place a fixed buy order with the predefined amount at the price level. You can keep the amount of work small and place only 1 order in each range or if you want to be on the safe side, you can also plan e.g. 2-5 entries in each range. You can set the weightings and entries (number and value) as you see fit, these are only intended as guidelines so that you can get an idea of what they mean. For example, we are only buying in the red and dark red areas, but not yet in the current light red area. We would advise you not to plan any exits yet, we will do that together when the time comes again. Further BTC course As already mentioned, the redder the area, the more bearish. The green areas represent the price levels from which we would claim, if we reach them, to become bullish again and thus the next uptrends could come. The greener the area, the more bullish for the long-term chart. We hope we could help you with your entry strategy planning!
by Consyder
BTC Still Hovering Around Resistance!In the above chart you can see Bitcoin is still hovering around the 16.8k resistance level on the 4h and still hasn't definitively closed above it. Although looking at a few indicators, I'm seeing some bullish signs: 1. The more a level is tested, the weaker it becomes (i.e resistance is becoming weaker) 2. The RSI crossed over the signal line and is climbing to the upside 3. The MACD just crossed its signal line to the upside as well All of this combined with a weaker resistance usually means a strong breakout is on the horizon. With that said, I don't think I would buy right here, only because of the macro economic environment with things still being shaky. I would wait to buy until one of three things happen: 1. Bitcoin closes definitively above 16.8k 2. Bitcoin falls to its support of 16.3k or 16.1k (where I would buy at both levels) 3. If Wave Fusion gives me a buy indication at a support level If Bitcoin does break the 16.8k resistance, I'm looking for it to retest 17.3k (which also coincides with the 200 EMA) and rejecting a least once back down to 16.8k before longing again. If this helped you out in any way or you had any questions about the indicators used, please comment below or send me a PM :)
Long
by CryptoScripts
With no reason to move up, BTC is ready to hit $16.025 levelsWith no reason to move up, BTC is getting ready to go down to retest $ 16.025 levels. What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices: job cuts Covid is spreading like rapid fire throughout China. Ukraine War which not coming to near end. Inflation and massive energy bills with nothing supporting cryptos, BTC is consolidating between $18000 levels and above 15300, with a higher potential for a drop further towards $16,025 levels, breaking there will lead to a quick visit to $15530.
BITMEX:XBTShort
by Raniawagdy
1
Bitcoin bleeding out. Only a matter of time 🐻Pulling up the Daily chart on Bitcoin. We're currently crabbing in the 15-17K range that began in November following the FTX crash. We've since then pushed up towards 17K, with us blasting through 18K last week only to be rejected hard back down below 17K It was a pretty glorious bull trap and one that most smart money players could've seen from a mile away. We think a retest back above 17K is entirely possible, especially if we see a scam rally in equities. However, the HTF chart looks very bearish and we've been given no reason to flip our sentiment to bullish. If we get a serious leg down in equities and an SP500 touching 3200, then a 10-12K Bitcoin is the next "bottom". We've been writing on the incoming crash in both equities AND crypto the last several months, both of which have played out. We won't give ourselves too much credit though because how can anyone be bullish with FED comments and CPI where it's at? Let's see how we finish 2022. Eyes Peeled. -TucciNomics Chief Overlord, AlgoBuddy
by QuantVue
6
Can Bitcoin Break Back Above Resistance?On the BTC 4h, we can see the Wave Fusion indicator called the short perfectly at $18k. Since then, Bitcoin has broken through three major support levels. Now it's currently at resistance of $16.8k trying to break back above. Let's look at a few things: 1. The 4h RSI was oversold yesterday (last time it was oversold was Nov 21st when we started the upwards channel) 2. The MACD is starting to curve back to the upside. It hasn't confirmed, but this is a good sign that sell pressure is relieving temporarily. 3. It's tested resistance a couple times in the past 24 hours and as we know, the more you test a level, the weaker is becomes With all of this said, I'm expecting BTC to eventually break the 16.8k level, climb to 17k, then retest 16.8k where I'll be taking a long. But I'm WAITING for that confirmation first (it needs to convincingly close above the 16.8k level on the 4hr). If Bitcoin can't close above 16.8k, then I'm looking towards the 16.3k level to take my next long. If you enjoyed my TA or had any questions about the indicators I use, please leave a comment or send me a PM :)
Long
by CryptoScripts
4
Bitcoin's fall continuesIn the most recent events, Bitcoin has touched the lower levels of the resistance zones before it continued to go down. This gives us two likely scenario, both of which are indicating Bitcoin is going lower. The first one is that, from here, Bitcoin just decides to go lower, without going up again. The second scenario is that Bitcoin will make a slightly higher high, touching the upper part of the resistance zones. It is possible that we've already seen the bottom of this market. Therefore there is a possibilty that we won't see a break of the 15k support level. However, with the SPX falling, it seems more likely that the bottom is not in yet.
COINBASE:BTCUSDShort
by FetchTeam
Binance's withdrawals, FOMO, and no market bottomOver the past few days, many things have been happening in the cryptocurrency market. Binance experienced massive withdrawals of funds, exceeding $3 billion, Bitcoin jumped above 18 000$, and the FED raised interest rates by 50 basis points. However, despite many of these things, we continue to see bullish calls all over the place. We hate to do that, but once again, it is time for us to dismiss these calls for Bitcoin bottom and primary trend reversal. Yesterday’s spike above 18 000$ could result from various factors like Binance buying tokens on the market (to deliver them to people withdrawing their holdings), algorithmic buying, speculation about the pivot, and chasing the market by investors out of FOMO (fear of missing out). Whether these are real factors responsible for the price rise or not, after the FED hiked interest rates and Jerome Powell reiterated the central bank’s hawkish position, euphoria suddenly faded, and Bitcoin slumped toward 17 700$. Of course, that is no surprise to us as we repeated multiple times that there would be more economic tightening, pushing the market bottom further away. With that said, we do not believe the bottom has taken place. Indeed, we still maintain our price targets for Bitcoin at 15 000$ and 13 000$. Illustration 1.01 Illustration 1.01 shows the daily chart of BTCUSD and its retracement toward the 50-day SMA, which often coincides with strong market corrections. This level currently acts as a resistance level for the price. To support our bearish thesis, we would like to see Bitcoin hold below this level. Technical analysis Daily time frame = Neutral Weekly time frame = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
91
Bitcoin Analysis 16.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis:
by basictradingtv
16
BITCOIN 15 MIN BREAKDOWNHELLO AGAIN TRADERS, HERE IS MY MORNING BREAKDOWN Currently I see three interesting levels for us, as I wrote yesterday evening again during the Asian session there was a bigger move which however caused the market to open itself. When I look at the overnight volumes there were substantial orders around $16560 from where bitcoin fell, its first stop was around $16419 and then made a short term bottom around $16100 - $16175. Then the last orders where I see a support zone are at $15800. In between these zones as I marked in the chart on the right you can see that there is a gap of trading volume so Bitcoin just flew through there last night but the markets tend to fill these gaps back in and take orders from the top where there is liquidity. Therefore, I would say today we will go back to the $16419 level and that is where we will decide if we have made a bottom for a short-term uptrend in December at where we are currently or from $16419 to $16560 we will go into a short again. There will be very little volume in the London session at the moment, I can only go long when we get back to $16160 - $16180 from there we will bounce towards the last volume at $16419 and above, although the dollar fell on the London opening and Bitcoin didn't get much traction.
Long
by Crypto-Frantisek
5
BITCOIN 30 MIN BREAKDOWNGreetings dear traders, have a nice day Yesterday and today there was low volatility on Bitcoin which may again change the end of the weekend and the beginning of the new week in the Asian session when we see crucial short-term moves and trend setting lately Interesting on the chart for me at the moment is only one level $16945 where the short term will be decided, I would like to open short to $16500 to $16400 on a close below and there a continuation of the uptrend that is giving us the current sentiment would be much more logical
Long
by Crypto-Frantisek
9
Adding onto my BTC position from 17,350 10x leverageI am doubling my position on my trade from yesterday. My current entry price is 17,057 USDT. We'v now broken down to another major support area, but this time we see the 4-hour chart start to consolidate in many different ways. Our CM_Williams_Vix_Fix Finds Market Bottoms is showing a heavy floor. Our momentum indicators, TSI and MACD, are starting to flatten for a convergence on our 1-hour chart *chart shown is 4-hour* I may add onto this position as time goes on.
BITSTAMP:BTCUSDLong
by WatsonsView
5