FAKE BREAKOUT ! Seems like the BTC still have not break the resistance yet. The market still playing around that. We have to look over the support. If it going more down or break the support. Then we are still in bearish mode
Bitcoinforecast
Storm on Horizon A storm seems to be brewing in the wider crypto market. All assets that were out preforming are now looking to be topping out and the rest look very bearish. Bitcoin has painted hidden bearish divergence on the weekly against the MACD and looks ready to collapse on the 4H chart. The move could bring us much lower to one of the dashed support lines on the chart.
BTC current structureBTC in a potential cup and handle formation.
After forming a triple top, shes entered a downwards channel with multiple clean touches, a break below would likely be aggressive.
Breakout up will revisit triple top area around 16,8 with 17k above, thats where we will observe for a breakout or rejection.
Will update.
BTCUSDTIt is still trading in the range between 18,200 to 18,000 and 15,722 to 15,610 (orange box). Also, an ascending channel is formed and breaking the bottom of the ascending channel can bring the price to the bottom of the range and pursue green goals.
BTC Respecting Our Support and Resistance Levels!As you can see from our previous post, BTC rejected from the top of our upwards channel on the 4h (combined with a sell signal from Wave Fusion) and bounced PERFECTLY off of our 200 EMA and horizontal support at $17,300. This was the level I mentioned in my last idea and it's good to see it come to fruition.
Now I'm expecting Bitcoin to climb back to $17,640 and retest that resistance before a second visit to $17,300 for a possible double bottom. If we break $17,640, then $18,200 is our next target (top of the channel). If we break our support at $17,300 then $16,700 in the next major level of support.
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WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is...
There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
BTCUSD BOTTOM NEARLY REACH?According to my previous forecasting, I was confuse and count it wrong, Now look like the winter almost end, The last target of wave C of Irregular flat is 161.8% of A which is around 10,600$
Does the end of winter is soon? who knows.
BITSTAMP:BTCUSD
Bitcoin has no reasons to grow?Hello, everyone!
After reaching the maximal target for the local corrective wave 4 the Bitcoin price started to decline. Yesterday most of analysts changed their mind from bearish to bullish and after today’s dump as I can see the number of bulls has even increased. Do we have any reasons for optimism?
Let’s take a look at the 4h time frame of BTCUSDT chart of the WhiteBit exchange. Here we have the clear range bounds. Earlier price formed the deviation lower than range’s bottom, yesterday we saw deviation to the upside. Moreover we can see the some kind of support and resistance trendlines. Bitcoin has formed the fake out to the downside and yesterday was the fake out to he upside. I consider that there are no more liquidity for the growth and BTC has the only way to the downside.
If the price will break support trendline to the downside the huge crash is incoming. I am sure it will. Expect local bounce with the further dump.
Best regards, Ivan
BTC Short. Here is why.Alright here is a much better analysis. What do we see here?
Rising wedge have tendencies to break out 68% of the time, if this rising wedge breaks out there will be a bigger down trend.
With the fib laid out we might have a retracement down to .618 which is about 16600 which will be retested and come back up to around 17200.
This will form a double top which will send BTC down to 15500. What do you think?
BTC Short? Where to?Cheers gang.
Let us briefly take a look at BTC. What do we see?
Is that a rising wedge? Rising wedge is forming that will break out and send us potentially to 15,500. Take a look at let me know what you think.
BTCUSDT 15 % pump possibleThe price created beautiful ranges that you can observe on 4h timeframe.
Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position.
Entries, Take profit levels and final target for this trade are shown in the chart
Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000.
Good luck
Bitcoin and 10k all but guaranteed?Looking at the Weekly Bitcoin chart.
We've mapped out a key level that Bitcoin shattered down through with the FTX news, but has since failed to reclaim and break back through.
FTX collapse aside though, we can see that this 18K level is where Bitcoin skyrocketed past in late 2020. Thanks to Uncle Sam's stimulus checks of course...
Over the coming weeks, this 18K level will be a strong indicator if we'll see more pain ahead.
Bitcoin wasn't able to hold the 18K level it blasted past this week. The 10-12K range seems to be calling Bitcoin's name at this point.
Combine that with CPI, the FOMC/FED and Powell's stances, the bearish sentiment has no reason to go away.
Inflation came in lower (despite still being at 7.1%), but as Powell stated, they'll be continuing to hike until their targeted 2% level is achieved.
We'll look for nice trade setups on the way up or down. As you should be too.
Eyes peeled out there.
-TucciNomics
Chief Overlord, AlgoBuddy
Bitcoin 2022 - 2026An update to previous Macro plan, this one including ranges of interest to me. Info for fun (but one i'll play). If we achieve my buy zone, it should be an easy 10x. only time , and invalidation will tell us now.
BTCUSD - SHORTBitcoin is in a correction phase, and I'm expecting the price to break and continue falling. The price is expected to fall all the way down to 15/14K. I.e our support zone. At that point we would be looking for opportunities to go Long.
Bitcoin bullish short termThat could be it for the bitcoin. The emotion in the bitcoin market is very high, especially in the bearish phases. Let's not let that get in our way and look at the technical factors of bitcoin - more specifically, the Elliott waves.
According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii), the 1.618 extension and is currently building a clean 5divider. When bitcoin crossed 18060, I could hardly believe it.
Right now we are in the (iv) of the i, so it will go up a bit before the next correction. We will probably reach the 300% extension at 19863 before correcting again.
Are you invested in bitcoin? When do you think bitcoin will go up again?
Bitcoin (BTC) may complete another price reversal moveHi dear members , hope you are well and welcome to the new trade setup of Bitcoin (BTC)
Ona 4-hr time frame, BTC may complete the final leg of bullish reversal Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Wave Fusion Called The Short on BTC!Looking at our BTC chart on the 4hr timeframe, we can see Wave Fusion called the short perfectly which also coincided with the top of our upward channel! This was a huge fakeout for a lot of people because initially they thought the FOMC numbers were good but it turned out the FED is still hawkish for 2023 and actually raised their expected numbers (hence the reversal).
Now I'm looking for $17.6k to hold as support. If it doesn't, then I'm looking at $17.3k to be the next major support level since it also coincides with the 200 EMA (pink line). I'm still expecting the top of the channel to act as resistance and if we manage to break above that, then $18.7k is our next target.
If you enjoyed my TA or want to purchase any of my indicators, please leave a comment or send me a PM :)
BTC Final LOWSIt appears we are approaching BREAK-BARIER for Long-Term LONG Cycle.
Currently we expect short rally to 20,600 in coming days, when with slow confidence acquisition thereby we expect to break 30,300 resistance before January 24th.
"First signals" that the markets are ready for growth, Why?👇Today we will consider the local situation on the BTCUSDT trading pair
And we will offer you a trade that has every chance to work out over the weekend.
Last week we published an idea with a possible BTCUSD price movement, it is still relevant, and we believe that it works perfectly
During the week that is coming to an end, the BTC price slightly touched the purchase zone and buyers organized a rather aggressive buyback (in the context of the current passive market)
Growth Bitcoin price for the week of +7% seems not a bad result, but it is much better that buyers managed to break the first portion of the short stops that were hiding above $17000
The next step is to hunt for the second portion of the short stops hiding in the marked zone above $18000
Today, there may be increased volatility in the market, because unemployment figures in the US are due to be released. It is expected that they will be an additional positive factor for growth in the markets in conjunction with the available data:
DXY - the dollar index began to fall actively (and has prospects for further decline) This means that the value of the dollar is falling, and it needs to be invested in the economy, and in business. So that the value of monetary assets does not depreciate, but generates earnings.
The last time such dynamics of the fall was in 2020-2021, and the crypto market at that time was experiencing a DeFi boom and the overall growth of most cryptocurrencies.
S&P 500 - is steadily growing as a result of investing the dollar in the most powerful companies that are included in the SP 500 index
Experts estimate the probability at 82% that the Fed rate on 13.12.2022 will increase by +0.50%, and not +0.75% as it was in previous months. Just three weeks ago, this probability was estimated at 60%, and this is already a positive trend
Well, considering all the above facts, we consider it acceptable to try the trade on the following conditions:
Entry $16661
Stop $15999
Take profit $18234
Have a nice weekend and profitable trading)
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possible Bitcoin price movement for the nearest weekToday we will consider the possible BTCUSDT price movement for the coming days/weeks.
After all, if a pattern of reversal and trend change is forming now, it is important to understand where the safe buying zones are.
If we talk about the Bitcoin price, then you can try to buy it if you see sharp buybacks from the liquidity zone of $15800-16000.
If sellers do not manage to lower the BTCUSD price below $16135 at all, it will be a super strong signal to buy, because it means that sellers are weak and buyers are aggressive.
Well, then buyers can start to drive the BTCUSDT price up, and break the stops of shorts. Each break of the shorts' stops can only accelerate growth because aggressive closing of the shorts is a buy order on the market price.
So buyers can very quickly drive the BTCUSDT price into the liquidity zone of $19-20k even before the end of November.
If you are interested in our global view on the possible future of the BTC price, we invite you to watch:
Speaking about altcoins, you should start buying them when BTC sellers confirm their strength. Also, in our opinion, you should first all pay attention and buy altcoins that have stopped updating the lows of 2022, for example, such as XRP
In the comments, share the altcoins you think are strong and worthy of attention and purchase. And we, in turn, will analyze some of them next week and will publish them here.
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Bitcoin – liquidity collection will cause the dump!Hello, everyone!
The target from the previous article has been reached and I think that Bitcoin will not grow above the current price. The upside correction has been finished and now it’s time to see the new deep dive.
Let’s take a look at the 4h timeframe of the BTCUSDT chart of the WhiteBit exchange. I made a mistake with the short entry point at $17300 because I supposed that wave C have been finished there, but wave is extended and I decided to not close the short trade, I told about it yesterday in short update. Now I consider the reversal point, may be we will see one more local pump but it will lead to more severe crash.
$18200 was the magnet zone because of liquidity of short traders. Now there are no any significant liquidity above, but we have a ton of liquidity below, I suppose the next impulsive bearish wave will collect this liquidity next couple of months.
Best regards, Ivan
