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Bitcoinforecast

Possible Bitcoin price movement for the nearest weekToday we will consider possible movements of the BTCUSDT price for the nearest trading week. If you are interested our global look side possible Bitcoin price movements for years on the weekly time frame, we invite you here: We believe that in the near future, there will be a strong momentum to the upside. Why can the price up move stronger than down? Because in addition to standard purchases, short positions closing orders will be added to long-limit orders. And usually, closing shorts are purchases by orders at the closest market price. If the BTCUSD price breaks out of the triangle upwards and consolidates above $16700-16800, it may activate the first wave of growth to $17600. The target for the growth wave in the coming week is in the region of $19800-20000. Also, before the start of growth, it can be possible to "break out" the stops of longs, because it is easier to grow without "extra passengers". The critical level is $16000 Therefore, we publish this idea in the 4-hour timeframe to make it convenient to track which of the scenarios the BTC price is moving in order to quickly make trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
23
Bitcoin Bear Flag Concern!Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like it is about to break out of the triangle very soon. Looking at the movement of price in the past few months, there is a stronger possibility for the price to head lower out of the triangle forming a bear flag pattern. The measured move target is shown in the chart at around $11K range. To support the analysis, I have included the Keltner Channels, Ichimoku Cloud, RSI, and Stochastic RSI. I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
BITSTAMP:BTCUSD
by MillionaireEconomics
5
Bitcoin Triangle 50%/50% or NOT?Entry point: After the price closes outside of the pattern Intersection: Candles completely fill the channel of the figure without empty space Touches: The price touches the resistance and support lines, at least two times each Confirmation: The pattern is confirmed when the price closes outside one of the trendlines Breakout chance: 55% - Upward/45% - Downward Support/Resistance: After the price closes outside the pattern, the support or resistance line may become a mirror level Important NOTE! The status of the market inclines us toward a bearish scenario. Remember, a bear market often shows us false breakdowns.
by Gor_Union
2
BTC AFTER CPI RELEASEBTC - 1D - AFTER CPI AT 7.7% BTC created a short-term bottom after the last dump to $15,600 and went to clearly test our previous resistance, from which we expected a new bottom at the level of $18K. The price was rejected by resistance, the bulls currently need to gain strength in the next few days and close the daily candle, I would say at least above $18,500 so that we can continue further up The FTX problem is not solved yet and we see a high volatility for some days. I think that this case will still have an outcome and a certain long-term impact on the market, maybe not only in a bad way, but also the stock exchanges themselves will certainly be more careful about the security of their reserves and tokens. Finally, a really big hat off to CZ and Binance for how they approached it. SEE YOU SOON
by Crypto-Frantisek
2
BTC/USDT - Showing Weakness 😬With Bitcoin getting some decent rejection at $17K, overall sentiment is looking quite bearish for the king of crypto, and crypto in general to be honest.📉 FTX shenanigans aside, Bitcoin showed weakness as Stocks pumped like crazy for the 1st time since 2020. 🥶 Looking at the BTC/USDT 1H chart, we've mapped out a short term range from $15-17K we can see Bitcoin bouncing around in. However if we break 15K, which we think is quite likely as we're macro bearish atm, then it could be look out below for all of crypto...🤯 With the latest Russia / Poland news, the worlds seems to be on a knifes edge - which implies the same for markets. At least that's how we feel. Right now capital preservation is key, so we'll be watching from the sidelines eyeing decent setups.🍿 -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
2
Bitcoin has just fooled me!Hello, everyone! Recently I tried to guess which form the Bitcoin will choose for the wave 4. Firstly I supposed ABC zigzag correction. After I thought that it could be the flat correction. Today I finally understood what market wants to tell us. The first bounce after wave 3 ended exactly at 0.5 Fibonacci retracement level. This is the maximal natural correction for triangles. Triangles usually happens in waves 4 or b and we have the wave 4 now. I considered flat correction but in this case we have to see the impulsive wave 3 to the upside inside wave c, but we still did not. I think that BTCUSDT is about to form d and after that wave e before the wave 5 to the downside. I decided to re-open short (at the same level where I closed it) and wait for the minimal wave 5 target approximately at $15k. Best regards, Ivan
Short
by Skyrexio
17
Get Ready for BTC bulls Revenge Plan to 26k, This NOV-DeCAre you ready for $17600, $18800 bulls play. As if $16k was not bad enough, The bears beat the bulls all the way back to $15550. but was the bears breaking down below $16k a Trap on 4hrs. Are the bears trapped? Late Nov 2022-Jan 2023 will shock the bears and here is why. the bulls won't let this big push to 15500 range go easily on BTC . Before you say btc is going to $14k which is more likely an even that will happen in 2023 in my Opinion(Opinions are a**holes so don't mind me) But still The bulls looks like they are sleeping, Please Don't be fooled. The dump was a plan by market makers to clear early buyers out something called Capitulation. we will see $14k but definitely not in 2022. I expect the pull-up to be fast 1st resistance I see is $17400 range but I will like you to look at support here as an area instead of a line so $17500- $18400 will cause a range and staleness and possibly a pull back to $17600 but Before getting to $17400 they will be pull-back that is likely at worst retest to $16200- $16k at worst we get a double bottom at 15600 but bulls will fight to hold the 16k support. The real fun starts after breaking $18800 but I do see a rejection that could pull the bulls all the way back to the $16200- $16k depending on the strength of the bulls to out weight the selloff on the blue line in the chart below. If they fail on 1st attempt to break above the $18800 control line, they will return and break it on 2nd or 3rd attempt but the chances of them succeeding is over %65. This will give bulls the needed Backup Soldiers to fight back and the R will be snatched and turn into a support to burst their way to $19900 to $20500 resistance area. This area is very tricky because of the previous Consolidation that occurred there extending the resistance area all the way to 21800 range, but the bulls won't back down as they will allow a pullback to attack again like 3 times before destroying it with a big grenade the bears wont see coming. Their target is somewhere from $25k to $26k range or they could even exceed this but for now that the major TA I see.
COINBASE:BTCUSDLong
by MachiavelliTrader
2
#BTC/USDT LTF Update, Read before you buy or Sell BTC.Welcome to this quick Update on BTC everyone. Let me get straight to the chart BTC broke below the pattern and we had a nasty weekly close. I expected $15300 to be tested but there was a short-term demand at $15800 and we saw a bounce. And after a couple of hours Elon Musk said something positive about BTC in his tweet. If you ask me, Up or Down? Well, I don't know. Keeping in mind the current market situation from a fundamental perspective. There's still a lot of instability regarding FTX and other illiquid small exchanges. Traders are withdrawing funds from exchanges which are making BTC more illiquid. this will make it easier for the Whales to manipulate BTC. Low Liquidity, Big candles. Gotta be careful. CZ is working on helping the other projects to survive these difficult times which is a good step from his side. In the long run, everything is going to be better. However I am not Bullish nor Bearish, I am just saying to be extra careful here. Lower Support is at $13800, $12700a.d $11680, These will be the best price to get into BTC. Still, Do your own Research, This is not Financial Advice. MY ACTION:- I have bought BTC with 45% of my Cash reserves and USDT below $16k. Waiting for more lows or a trend reversal. So far it looks like it can take a little more time. Till than trade carefully and always use Stop Losses. Let me know what you think and do hit the like button and share your views in the comment section. Thank you #PEACE
by Cryptorphic
1
BTC Bitcoin to $12KIf we look at the chart, we can see that BTC Bitcoin was trading lower than its strong support of $17400 and there is not too much volume between $12k and $17K, so it will most likely test that support as well. . On the other hand, i think that by Christmas we will see other institutions or funds with exposure in FTX being margin called! People will leave exchanges for their own wallets. And the last fight will be against the USDT for depegging! Looking forward to read your opinion about it.
Short
by TopgOptions
8
One More Time?I tried coming up with a poem as a creative way of saying " History doesn't repeat itself but it often rhymes " But I suck. Hopefully my analysis isn't half as bad. Because if this doesn't play out I will be so embarrassed. If it does get this low I'm full sending it lol ------------------------------------------------------------------------------------------------------------------------------------- Warning Risk: Your capital may be at risk. This material is not investment advice. -------------------------------------------------------------------------------------------------------------------------------------
BITFINEX:BTCUSDLong
by Mr_Morgie
2
Btcusdt Plan to Hit 21000$ BITCOIN MARKET UPDATE Pakistan Time: 06:28 AM 1: Bitcoin support levels - $16,300 and $15600 strong Support (is Ka Matlab yahan buyers hain). 2: Bitcoin resistance - $17200 and $18500 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin). ——————————————————————— Analysis - BTC Support is at $16,300 and strong support is at $15,600. Resistance is at $17200 and strong resistance is at $18,500. BTC closed its daily candle green at $16,900. Looking at 1-hour timeframe, BTC has tested $17,200 resistance level and got support from $16,600. After $17,200 resistance, there is 200 EMA resistance around $17400-$17500. Trade carefully and manage your risk according to mentioned support and resistance levels.
Long
by Waqar212
$BTC to $23-25k, then $15.8k? The ultimate bull trap?Alright, as many of you've seen, I've updated my previous chart in the comments and have become short term bullish. I do think that BTC heads higher in the next few weeks tagging the $23.5k mark or $25k mark. I was originally thinking that this would make the short term bottom of this move down, but now I'm questioning that thesis and I think that this is the more likely scenario that will play out... Let me explain. Something never looked right to me when analyzing the Ichimoku cloud. Why is it trending down on the 2D chart? Also, if you analyze it from a 3D chart, the cloud is too thick with resistance to break through. So that leads me to believe we're not ready for the breakout higher yet. From all of the charts I've seen people post, most people think we're going to $21k than instantly reversing lower. Then the other camp thinks that $23.5k is the line in the sand, and that if we break that, we've started a new bullish trend. This all leads me to believe that the most likely outcome is that we break both resistances and hit $25k, and only after we don't break that, we reverse lower. I think that would lure the most people into the market. I think most people at that point would think to buy the dip (because again, the new bull trend is starting). However, I think rejecting $25k, would just form a double top from the move back in August and setup a move lower (where we finally break the lows). I think if this all plays out, and we can't surpass $25k to form a new high, it sets up the move down that I was expecting to around $15.8k. I think the move up plays out before the middle of November and I think the move down would play out towards the back half of November bottoming sometime in early to mid December. I've added pivot points to look for changes in price action. Only after this plays out, would I expect a large bear market rally (one that takes us back up to the $30k region). I am long BTC and a lot of alts at the moment (because I'm expecting 50-100% exit pumps before we head lower). On any significant moves higher, I'll be locking in profits because I don't want to risk staying in the market if this plays out like I'm expecting. Good luck. Let's see how it all plays out over the coming 4-8 weeks.
COINBASE:BTCUSD
by benjihyam
27
bitcoind prediction based on justin mamis sentiment cycleReturning Confidence By the time confidence is fully restored the markets have been rallying for some time. They start to get choppy and retracement moves get consecutively more fierce, each one more intimidating than the last. Buying the Dip (the big dip) A huge pullback now gets underway, even larger than the scary one you may have witnessed last month or so. After such a dynamic bull run, investors are willing to take on a phenomenal amount of risk and the smart money buys the big dip. Also, money is still flooding in from the general public, who likely read in The Sun that stock markets will remain strong for all eternity. Enthusiasm At this stage all economic data still supports the idea of higher prices. Traders that didn’t get involved in the last dip-buying opportunity now have hard evidence that it worked before. All of the traders that wanted to be long, are long (there are no more buyers), causing prices to decelerate. Distribution starts to take place, i.e. stock transfers hands, from smart money to stupid money…. Strong to weak. Disbelief Traders start to get that gut wrenching feeling that something may be changing but the fundamentals still don’t back this up, and people cling onto hope alone. Analysts start to get subtle warnings. Maybe previous market leaders start to break below important support levels or Moving Averages. Overt Warning/Panic Discouragement and Aversion Prices have been rattling off for some time now, as the general public start shedding stock and the short sellers are stronger than ever. There’s no good economic news flow and everyone thinks that stock markets will go down forever. Wall of Worry Certain market sectors will now start to bottom out as everyone that wanted to sell has done so. The smart money now starts to move in slowly, resulting in the market pausing for breath or drifting along sideways for a few months. There are no sellers left, so despite the bad news flow markets start to creep higher. Short sellers start to cover their positions, adding fuel to the fire. Aversion to Denial Markets start to trend upwards. Short sellers start to get concerned that sentiment has changed. With no sellers above the market, these sorts of moves can be fast and sharp and tend to leave people behind. This brings us back to ‘Returning Confidence’.
by MDkarimovic
2
Bitcoin - Balance of Power between Buyers and SellersHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 The cryptocurrency markets and Bitcoin are trading predominantly bearish as the DXY increases in strength. In today's analysis, we take a look at the technical indicator Balance of Power. This indicator is useful to determine what setup has the best probability of succeeding. Together with the Pivot Points, we can identify the next immediate support zone / whale accumulation zone from a macro perspective, which is the monthly timeframe. From a candlestick analysis, we did recently see a green month last month, so it wouldn't be too hard to conclude that the current monthly candle might close bearish, considering the overwhelming selling power. 💭 ...Countertrading Although countertrading is a popular strategy, it isn't a low-risk one. Infact, it is extremely high risk. Here's why : When you have multiple indicators (RSI, Volume, Fibonacci, Candlesticks etc.) pointing towards bearish price action, this is the MOST PROBABLE way the price will go. Technical Indicators and chart analysis have a 55% - 60% Success rate (Wall-Street figures). This means that there will be times (40%) when the indicators point bearish but the price suddenly goes bullish. However, if you follow the indicators, you can be sure that you will have more wins than losses , probability wise. Now you could try to guess it out by countertrading, but what are the probabilities for your guesses to be right? ...💭 Looking for a Short Setup? Here's a setup for SHIBUSDT that could award +40% :📈 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITSTAMP:BTCUSDShort
by CryptoCheck-
32
It will all be over soonHello traders and followers. With this chart i am taking a look at the monthly chart and come with a simple explanation on the price action. Evidently , we have been guided by extremely strong fundamental events, but the price action also has it's say in the way things turned out. When we check the monthly candles we can see that we have formed an engulfing candle this month(now i know it's not over) that also helped create an order block in the area. 90% or even more of the times we form an engulfing and a block we go in the initiator candle direction, therefore... short . Projecting the target The monthly is pretty simple , we have a pivotal point that can help us trace a trendline, creating a possible impact zone that we refine by taking a previous POI and projecting it to form a confluencial area. Trade safe, and see you in the next one.
Short
by SublimeTraders
Bitcoin Bullish Perspective Analysiscurrently, we are seeing the bitcoin price breakout, and respecting the falling wedge pattern, the support trendline held the price nicely with bullish divergence on MACD as additional evidence for a reversal signal. personally, I only conclude that bitcoin in a bullish phase when it's successfully breakout the 22500 resistance level. good luck! **Disclaimer** the content of this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX