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Bitcoinforecast

Bitcoin buy zone approaching really quick LAMBO ZONE SOON AFTERFollowing a nice run early this year we have gone through a period of profit taking/distribution. The fundamentals creating the environment for such a nice run up haven't changed much, however there will be a new catalyst towards the end of this summer that will create an environment for a HUGE Bitcoin run above £100k. It's all going to be closely related with COVID and further QE. Why $25,000 is the buy zone? Simple maths ATH - $65,000 Golden Fib - 0.618 $65,000 * Golden FIb = $40,000 $65,000 - $40,000 = $25,000 Major resistance? $80k $105k And then obviously the LAMBO ZONE
Long
by shitty-trader
Bulls Whispers: How 2015's Ghosts Haunt BitcoinLooking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved. A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023. What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to BITSTAMP:BTCUSD movements. These parallels suggest a cautiously bullish outlook for Q4, 2023. Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
INDEX:BTCUSDLong
by ArShevelev
9
The chart no one wants to see or believe!There is more than one way to skin a snake. Not only price can hurt you... Time can hurt you too! How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it! Maybe it got to easy to buy and hold for 2 to 3 years and sell? If you are a hodler for long term, then this should not affect you and you should just keep buying. It actually should be viewed as a gift as prices will come back to low prices for stacking. In this chart I'm hitting two birds with one stone as I Have added Silver, Gold, S&P500, Nasdaq and the Dow Jones. Why? so we can see how Bitcoin has interacted with these 5 other markets. By taking a glance at them, It is very clear to see that all of these markets have had affect on Bitcoin in one way or another. This is not to be taken as written in stone and non of the prices or moves are literal and just examples. The point is a long term zig zag pattern and staying range bound to shake out the greed and impatient or weak hands. How about life happening and being forced to sell although you have no intent too? The more that time passes in bad times the likely you'll be forced to sell to stay a float. Nothing has changed in bitcoin network, in fact it keeps getting stronger and healthier but a pause in price could be healthy in the bigger picture. So what happens from here? We just stack for 5 years and watch it bounce in between the Nasdaq and Dow? Well, yes and no. There could be other altcoins that run fairly hard during this time period. For example, Ethereum and Ethereum based tokens. Gold and Silver could go on a run. Also narratives could change on a dime. Truth is... no one knows, you just have to keep and ear to the street and pay attention. Don't get caught 1 step behind. Without a doubt, it's a great time to stack!! No one can argue that. Thanks for viewing WeAreSat0shi Have a blessed new year!
BNC:BLX
by WeAreSat0shi
4
Is something wrong? The halving come early?We are looking at a chart of bitcoins entire history against the stock to flow. The stock to flow is the orange line that price action tends to follow. The green line on the lower part of the chart with the what looks like speed bumps in is the deviation of the stock to flow. Well, the deviation in the past has made moves higher almost precisely the halving. Yet here we are over a year away from the halving and it's signaling something. What is it saying? or could it possible be broken? or is there another underlying issue? Let's take a look. First off the stock to flow is sitting right at 52.6k and right now and the price of bitcoin is at roughly 16k. This is the biggest deviation from the stock to flow it has ever had in a bear market. The price now is so detached from the S2F that it could be literally telling us that bitcoin could be as cheap to by right now as it is right before a halving. This is all backed up by the RSI indicator on the bottom that is showing us bitcoin has never been this over sold on the monthly ever before. OK, BUT WHY? why is it so cheap right now? Good old fashioned fear could be the answer. Or is there something else wrong? Is it something nefarious? Only time will really tell the answer to that. From what I see , I think we are waaay over sold, so much that the S2F has deviated more than ever and the RSI says the same thing. So does this mean the bottom is in and we won' t go lower ? No, we actually can go lower, What it could mean is that this a very rare anomaly that might just might never happen again. It could be the norm in bitcoins future as it grows. Or it could be the buy of a lifetime and could explode higher in the weeks. One this for sure... it's a damn good time to buy. Legend S2F Model Value S2F Bands Deviation RSI let me know what you think in the comments below Thanks for looking WeAreSat0shi Stay Blessed! The RSI is also the most oversold
BNC:BLX
by WeAreSat0shi
10
Bitcoin Bear Market Bull flagsHi Investors/traders Today I'm looking at the 2 week chart of BTC on a line chart. We are comparing the bear markets with a bull flag out look. Although they are NOT technical bull flags they bare some similarities with the support and resistance areas along with false breakouts. We will go over false break outs and they usually mean and result in. There are only two indicators in this chart although one is turned off for the purpose of clarity and keeping the chart clean. The one not visible is the (Bitcoin Fibonacci Log Regression) and the (CM_Ult_MacD_MTF) it is basically the MACD with different colors, a line that marks the zero and dots to mark crosses. As we can clearly see the 2 week MacD has had an upward cross which has historically marked the bottom was in and momentum is slowly being gained on the upside. This should tell you the fight to battle resistance zones has already begun. False breakouts whether they are on the upside or downside act the same way. As we can see in 2018 Bitcoin was in a down ward trading channel (Bull Flag) and broke out of it on the downside, it then recovered back into the channel, which is a bullish move as we can see the result was a fairly substantial run afterwards. Last year Bitcoin did the same thing but opposite. It broke out of the channel but to the upside this time, then falling back into the channel again proving to be a false breakout. This is a very bearish move, But when does is it end? Well, no one knows, probably not the answer you're looking for. Clues for the answer to this question In my experience are in the indicators. One powerful indicator is the MACD, especially on the 2 week. The RSI as well is a very powerful indicator although not in this chart is showing a bullish divergence. Also a third indicator that is very powerful is the Stochastic RSI, which itself is also showing momentum is on the rise as well. Does this mean BTC will flip bullish any moment? No. Does it mean we will not go lower? No. There is no 100% guarantee, only risk management. Historically what we can see here is that it has been a very good time to buy and a reversal would come in the next few weeks or months. I have two possible targets on this chart, why? First off no knows the actual future of anything. The only thing we can do is use educated guesses. By looking at at history, and using indicators, we can try to plot how the future could happen. After that we just follow a and see where it goes. So, the possible targets.... If you believe in manipulation of outcomes, (covid) being one and the addition of (leverage trading) and (Derivatives). I see people arguing that it affected the price of BTC, the crypto market and caused anomalies. Anomalies always happen, like we said earlier there is no certainty. However, one action begets and equal opposite reaction. so, it there is any truth to these things they will eventually correct one way or another. The only thing we can go by are the facts, the facts are BTC had a bull run, it then pulled back, then it had a false breakout, that then lead to the collapsed, and now is showing that momentum is flipping to upwards again. You could say this is all just junk information, but by comparing it to the stock to flow we can see there is something to it. I have stock to flow comparison charts as well. Another thing to be aware of is that BTC as of the FTX debacle, is now untethered from the stock market. What does that mean? I don't know. For how long or permanent? I don't know. Yes, Bitcoins moves throughout it's history have been mirrored to stocks. I want to add that a break and close below 13.7k is not a good thing and it's not a buy in my opinion. I think a close under 13.7k will eventually lead to a bigger collapse to at least 3k and would take years and years to recover. I do have this scenario in the chart as well, however I don't expect it at this point in time. I'm not saying that the price can't go below and quickly recover, I'm saying if it does go below and does not quickly recover, than there are most likely bigger problems in the market. Time will answer these questions from above. I think within 6 months a lot of these questions will be answered. So sit tight and let's see. Thank you for looking leave questions or comments below WeAreSat0shi
COINBASE:BTCUSDLong
by WeAreSat0shi
12
Surprise Mothafuqueurs!!!This is the dip! If you wait, you might fomo at 50k. Fomo is a hell of a thing. Hash ribbons already printed a buy weeks back. NVT Is now preparing for the meal to come. The feast on FIAT will be glorious especially while the bears sit and watch. Not the Chicago Bears but the bear market blues drummers. They're going to starve this winter as the summer was not bountiful and hibernation will tough. The key word is SURPRISE. It won't be a smooth ride up. Not financial advice.
BITSTAMP:BTCUSDLong
by WeAreSat0shi
14
Bitcoin: The Bottom of the Bear MarketThis isn't exactly a new idea, but an updated visualisation of what I think the bitcoin price will do in the next three years. It's been over a year since the peak at $69,000 and we're at the bottom of the power law corridor. It's reasonable to think that the bottom is in, or that we are close to the bottom, but that doesn't mean we are going straight to the moon immediately. After the last two bear markets, the price retraced back to between the 0,786 and 0,618 fibonaccci levels, which is also where the last two halvings happened. If that happens again it means the price will be between $40,000 and $50,000 on the next halving (assuming we don't go much lower than $15,000). The next halving is expected to be around april 2024. After that we can expect the next bull run to begin. Where the peak will be is anyone's guess, but I think it will be somewhere between $100,000 and $500,000. It wouldn't surprise me if it turns out to be $420,000 just for the meme.
BITSTAMP:BTCUSDLong
by Fahrrr
4
Bitcoin Price Analysis 1h TimeframeHello traders! Hope this message finds you in high spirits! 🌟 We're here to share some analysis of Bitcoin price action. Guess what? Our charts are painting a pretty picture – Bitcoin is gearing up for a breakout from a nifty triangle shape on the 1-hour timeframe . 🚀 Now, who doesn't love a good breakout story? Keep your eyes on the prize because our suggested resistance levels at $45,400 and $45,930 could be your ticket to the gains party. Of course, we've got your back with support levels too! If the market decides to throw a curveball, we've identified sturdy support at $42,780 and $42,200. Safety first, right? Now, let's talk indicators. Our buddies, EMA and MA crossover, are whispering sweet bullish tunes in our ears. It's like the market's way of saying, "Hey, good times are coming!" Remember, trading is an art – and science – so always have a game plan. Manage those risks like a pro! Questions or just want to chat about your favorite altcoin? We're all ears! Your success is our success. 💪 Happy trading and cheers to those green candles! Warm wishes, The Vestinda TradingView!
INDEX:BTCUSDLong
by Vestinda
2
BTC → Bitcoin Sell-off at $45,800! Time to Short? Let's Answer.Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short? How do we trade this? 🤔 We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull trend, two massive sell-offs (8% and 11%) in under a month at the major resistance level of $46,000 and an RSI under its Moving Average. I also have my Bitcoin Lifetime Analysis which describes in far more detail, why we need a massive pullback before we see new all-time highs: We need to wait for a 4HR candle to close below its 200EMA or a Daily candle to close below its 30EMA. You could argue its reasonable to short now, but we lack confirmation, so the probability of profit is lower at this stage. I prefer more probability in my trades. 💡 Trade Idea 💡 Short Entry: $42,600 🟥 Stop Loss: $46,900 ✅ Take Profit: $38,300 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Measured Move Complete! 2. Two Sell-offs near the $45,000 area 3. Three Legs Up in a Bull Channel 4. RSI at 52.00 and below Moving Average, Bias to Short. 5. Wait for Final Sell signal, Short 1:1 Risk/Reward. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance, to the top of the breakout, will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDShort
by TraderEngineering
Why are you sitting on your hands?There are numerous indicators screaming buy for the last 4 months. we are in the best buy zone of our time RIGHT NOW!!. The evidence is over whelming that the bottom is in!!! Why are you waiting? Why are you listening to the news? is it different this time? Not really. In previous history by the time the lower BLUE band flashed the CM ADX the bear market was ending . so lowered prices preceded the blue. This time was different... what?? yes it was. the BLUE flashed and then the price followed, however the stochastics are CM MACD is about to cross up and this is a bullish indicator. One other trend is this blue buy zone is getting smaller every time it happens. The bear market looks like it will be ending by March/April of 2023. Thanks for looking comments and questions down below.
BNC:BLXLong
by WeAreSat0shi
The Grand Inquisitor & Kenobi #2This chart is to be looked at like an inquisition. You are the Grand inquisitor and Kenobi is Bitcoin . You simply track him to gauge possible future movements. Prices points and time lines are all hypothetical, but are based off past movements. This charts purpose is to get a greater perspective on where we are and where we might be going, seeing the big picture . So, will Kenobi be predictable or does he have some tricks up his sleeve. In the chart we can clearly see diminishing returns and also there are signs of possibly lengthened cycles, however I'm not fully convinced of that just yet. I hope so far you can follow up to this point. If you are having trouble understanding please ask in the comments. Thank you for looking WeAreSat0shi
BNC:BLX
by WeAreSat0shi
The Grand Inquisitor & Kenobi!I do believe that the trend line we are currently on, eventually will break, but when? We are currently testing it with this drop in June of 2022. In my opinion if we break this trend line in the near future (RED) then we will obviously drop much lower possibly even breaking 10k. If not, I see either a retracement (BLUE) then dump and go lower. Or, hit new highs and the eventual break it in the ensuing bear market afterwards (YELLOW) that restarts the cycle over. So the question of the Grand Inquisitor is... Where Is Kenobi on this timeline? Be careful, Kenobi is clever. Let me know what you think down below. This chart is just for fun with long term outlook. It is not financial advice.
BNC:BLX
by WeAreSat0shi
1
The strongest evidence that bulls are gaining momentumSo here we have The CM ultimate Moving average MFA on the 2 week time frame with the PI Cycle Bottom. On the bottom we have the Stochastic RSI. Combining these three indicators is showing a very powerful case for the bottom being in and that we will in the next few weeks flip bullish. The interactions of these indicators go back all the way to 2011. The PI cycle bottom is has been modified to only on show the short MA and the color has been changed to orange while the long MA has been deleted to keep the chart clean as it's not useful in this chart. As we can see here for the entire bitcoin history, when ever the PI SHORT MA has crossed into the ULTIMATE MA it sparked the beginning of the downfall and the ULTIMATE MA only weeks later turned red and prices would start to plummet. The bear market on every occasion has ended when the PI SHORT MA crosses back up through the ULTIMATE MA and shortly after would confirm the bull market by turning Green again. We also have the stochastic backing all this movement by showing the rise in momentum. This indicator is so good it even caught the COVID crash of 2020 and warned that trouble was brewing weeks in advance. So... where are we now on the timeline? It's showing that not only is the bottom in most likely but the the bull market could be only weeks away as the stochastics have made a cross up and momentum is building. also the PI SHORT has stopped it's downward momentum and is preparing for it's eventual cross up of the ULTIMATE MA. The only question left is, where do you stand? Have you bought the dip or are you waiting for lower prices? My evaluation from this analysis is that we are at least half way through the bear the market. Please feel free to ask questions or add any comments below Thanks for your looking and please hit the like. *Chart analysis is risk management... There is always risk, hence the reward*
BNC:BLXLong
by WeAreSat0shi
4
Bitcoin Supercycle theory - bottom inBull theory – Bottom is already in for Bitcoin INDEX:BTCUSD There are severeal technical indicators and measurements that suggest it could be. Firstly, the 50-week MA already crossed the 100-week MA. Each time this occured, the bottom was already in, both times as the weekly RSI dipped into oversold conditions. The price behavior has also been similar to the 2014 bear market for months with a drawdown of -53% below the 50-100WMA. (-But there is more time for that special fractal in another post.) Secondly, this current level happens to be a 0.786 Fibonacci Retracement of our entire run up from Covid-19 to the November top in addition as it is the support oft he previous all time high(2017). Furthermore sitting right now on the weekly 300MA. The Fear and Greed Index has only registered prolonged periods in Extreme Fear(below 10) as we have witnessed at the 2018 capitulation bottom and the 2020 Covid-19 selloff. Therefore the capitulation happened in June, with Luna (+UST), the depegging of USDT, 3AC, blockfi, Celsius… which are all max fear events. But everyone is now expecting 13-15k thinking we are in the middle of a bear market rally. While the GBTC Grayscale Bitcoin Trust value sitting already at chart comparable 11k. From technical analysis we couldn’t have bottomed more. Even on chain indicators signal the bottom is near. NUPL, RHODL Ratio, Puell Multipli, Entity adjusted Dormancy-Flow, MVRV-Z Score, 2Year MA Multiplier, CBBI-Bull Run Index. We have already seen arguably the most extreme network capitulation in Bitcoin‘s history, with now also a Hash Ribbons blue ball on the daily timeframe. Bitcoin is trading at a fair value. I am still hoping for an expanding flat 3-3-5 elliot wave correction, a double three WXY pattern, or even a simple overshooting B of an ABC. But if that 17,6k gets structural taken out we are not talking about recession but deflationary depression and just the start of a longer bear market. Fortunately the global narrative is shifting. People are now saying we are going into a deep recession. CNBC‘s Cramer saying to avoid all speculative investments like crypto, while the worst is priced in already. It starts to look like the main worry is becoming recession with deflation and not inflation now. That idea gets strengthened by US-CPI showing a second month of decline. Based on the 5-year break-even inflation rate, a leading indicator, it can already be said with certainty that we have seen the short-term peak in inflation. And that inflation is expected to recover further through 2023. Keep in mind every time inflation tops - Stock market rallies! Once the consumer price index print comes in significantly lower (September~7,9% but October ~7%) the stage will be set for a Powell flip flop. FED pivots systematically lead to strong rallies. So November FOMC potentially for a midterm or year-end Christmas rally. This means that the Fed will step back on better CPI-data and inflation will eventually start running again in 2023. Nobody does see a fruitful future for investments right now. To trick the retail there is no need for a positive narrative so everyone keeps being bearish. Only technical analysis matters. Afterwards we will see what the news catalyst was. Btc may range more than equities first, then rotation into more risk happens later. Hence Bitcoin Dominance will rise and Altcoins will pump after Bitcoin. But Btc is not yet in a multi-year bear market within its 4 year cycle because BTC.D would be at that point much higher while we are seeing new 4 year lows. Something is different. As a trader you have to adapt the possibilities. Invalidation of that bull scenario if we set a new low in Bitcoin. Then there will be much bigger problems in the market. So all eyes on the DXY and the behavior oft he FED, because Btc is at this time just the risk-taking follower of Nasdaq and SPX. Special greetings to Blockchain Backer, following him for almost a year.
INDEX:BTCUSDLong
by derJessie
3
Clear skies ahead in the landscape.The time to build mountains in the landscape has come again. Looks like clear skies could be ahead for the next few months into the summer. This is not meant to be financial advice. The work has already been done. When climbing mountains... First look, then leap Also marked is the finish line (top) and start line (bottom) On the bottom is (Steve's NVT/HV Indicator). The way it works is simple, When the moving line red and or white line dips below the yellow line means that the volatility is low and will eventually come up and et more volatile. The color says which way the move will be, Red is upward price action and white is lowered price action. Thank you WeAreSat0shi
BITSTAMP:BTCUSDLong
by WeAreSat0shi
14