Get started

Bitcoinforecast

Bitcoin and cryptos - time to bail? too late? safe haven?This custom chart that I post periodically continues to have excellent TA. Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed. The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos. BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years. So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals. But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;) Good luck out there everyone!
TVC:GOLDLong
by greenvention
1
Bitcoin: Local Dead Cat Bounce RangeToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). The chart shows a few dead catch bounce ranges for the BTC price to get to before price goes lower. To support the analysis, I have included the VPVR, Keltner Channels, Ichimoku Cloud, Fibonacci Retracement and 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
Bitcoin – BLOOD on the market!Hello, everyone! First of all I wanna tell you that dump is not over. But I have also a good news. We will not see significantly lower prices than we saw yesterday. I tried to understand how this impulsive wave is forming and today I finally wanna show you the sub waves structure. Let’s go. Let’s take a look at the 1h time frame BTCUSDT perpetual contract of the WhiteBit exchange. Here is the clear Elliott waves structure according to the trading chaos approach. Wave 1 started this crash. Wave 2 retraced to 0.61 Fibonacci level. Wave 3 was the most impulsive one. It have almost reached the 2.61 Fibonacci extension level and now Bitcoin is finishing the wave 4. It has the target $18200, but could be shorter. Wave 3 corresponds to extremal Awesome Oscillator. Wave 4 min condition have already been completed – AO crossed zero line. Wave 5 target is approximately located at $15000 – there I am going to enter the positions with 60% of deposit. I have already bought a little bit yesterday at $15800 and today temporarily closed these positions. Good CPI data pushed the price higher, but data cannot change trend, remember it. Best regards, Ivan
Short
by Skyrexio
6
BTCUSDT - Phoenix Ascending BEARISHHi Traders, Investors and Speculators 📈📉 The markets have been trading bearish overall, with over 2 billion drained from cryptocurrency within the past 48 hours. This comes as no surprise to me, as I have been watching the DXY increase and the TOTAL crypto market show weakness. And so I made this idea a few days ago : There is a possibility that we may correct towards the upside after this drop, we could even see a few altcoins increase over the next few days. However, the Technical Indicator Phoenix Ascending is showing that BTC is in trouble in the weekly timeframe, and if a reversal does not show up on lower timeframes, the next major support zone is only at $12500. Looking for some hobbies or side hustles that make money? Check out these ideas 👀 _______________________ 📢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
Short
by CryptoCheck-
39
BTC/USDT - Key Zones To Watch 👀In the wake of one of the craziest weeks in crypto history, we look at the BTC Daily chart. There's 2 zones to keep an eye on in both the short & mid term. That being the $16-20K we find ourselves in now And the "doomsday" zone of sub-$13K BTC. We have to consider just how systemic the FTX situation is with the amount of assets they might have pledged as collateral via Alameda. Combine that with an overall bearish macro situation, that doomsday zone sounds evermore likely. Nonetheless, we will always remain LONG TERM bullish on crypto, however in the short term we'll be eyeing some nice scalp/swing setups, along with great HODL entry points for longer term investing. Either way - keep your head on a swivel. Crazy times! -TucciNomics Chief Overlord, AlgoBuddy
by QuantVue
BTC Daily TA Neutral BearishBTCUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash. * BOUNCE WATCH . Midterm elections are still undecided as results from Arizona, Nevada and Georgia are still being tallied. US October CPI report is due at 830am today , if it comes in lower we may get an intraday pump but the longer term trend is still down. In what feels like the most hectic two days in Crypto in a long time, Binance backed out of their bid to acquire FTX after looking into their balance sheet. Justin Sun tweeted that him and his team are putting together a solution for FTX ; FTX retweeted it . When LUNA/UST depegged and entered a death spiral on 05/07/22 - 05/09/22, Bitcoin went down 30% from 05/07/22 - 05/12/22; the FTX fiasco has brought Bitcoin down 25% from 11/08/22 - now. Cryptos are currently correcting up after a sharp downturn. Equity Futures, JPYUSD, GBPUSD, EURUSD, Natural Gas and Agriculture are also up. Whereas DXY, Long Term US Treasuries, HSI, NI225, Gold, Oil and CNYUSD are down. The third GDPNow US Q4 GDP estimate came in at 4%, up from 3.6% on 11/03/22 . Key Upcoming Dates: US October CPI at 830am EST 11/10; UofM November US Consumer Sentiment Survey at 10am EST 11/11; Fourth GDPNow Q4 GDP estimate 11/16; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price is currently bouncing off the uptrend line from March 2017 at ~$15750 as support and is also testing the descending trendline from November 2021 as support at ~$16700. Volume is back down to being Moderate (high) after reaching an all time in yesterday's session and is on track to break a four session streak of seller dominance if it can close today's session in the green. Parabolic SAR flips bullish at ~$21100, this margin is bullish at the moment. RSI is currently exhibiting bullish divergence with Price and is currently trending up at 32 after bouncing off of 25.60 support; the next resistance is the uptrend line from 01/22/22 at ~35. Stochastic is currently trending sideways and forming a trough at 6.50, a break above ~12 would be a bullish crossover. MACD is currently trending down at -449 with no signs of trough formation and is at risk of losing -232 minor support. ADX is currently trending up at 25 as Price continues to see selling pressure, this is bearish at the moment. If Price is able to defend support at the descending trendline from November 2021 at ~$16700 then it will likely aim to retest $19417 resistance . However, if Price continues to fall below the uptrend line from March 2017 at ~$15750 , it will likely test $13477 minor support . Mental Stop Loss: (two consecutive closes above) $16700.
COINBASE:BTCUSD
by dailytaguy
4
BTCUSDThe Godzilla will always find a resting place deep in the sea before it gains the energy to fight on the land. This is the same view I have with BTC, it looks like it loves its resting place at 200MA's before regaining its energy to rally. I am not saying that I am absolutely right, if I'm wrong then I am wrong. But looking at the pattern, still it couldn't convince me that price will make a reversal anytime soon. In fact, in my opinion, it will keep continue resting until the 20k level, and you know what, it still won't make any difference until any price emerges which shows buying power overcome the selling pressure. It may also continue downwards to 6k level if sentiments continues, there is a chance that it will never go up. Good Luck.
COINBASE:BTCUSDShort
by AMianz
Bitcoin-Don't try to catch a falling knife, sell rallies insteadTwo days ago I warned that Bitcoin could fall and since then, the price has lost more than 20%. After such a dive is normal to expect a correction and this, indeed, is very probable. However, if you are a short-term trader and you are not a buy-and-hold one, trading against such a strong move is extremely dangerous. Considering the importance of the break after more than 4 months of consolidation the safest way to trade is to sell rallies. At this moment 18k-18.5k represents a strong ceiling and in this zone (if is reached) traders should look for selling opportunities. In my opinion, Bitcoin has not reached the bottom, and a new wave of selling will follow an eventual correction.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
39
BTC, DXY, TNX - The Bear MarketHello friends, Today I want to share some prior posts of BTC (Bitcoin), DXY (US Dollar Index) and TNX (10 Year Treasury Yield) that show how I came to my conclusion to liquidate my crypto and stock positions in December 2021 and share the same concerns with my community since November 2021. From this point, I still personally feel we have more downside to go in the crypto, stock, metals, and commodity markets. Each of the charts below can be clicked on and viewed separately. I would recommend reviewing and understanding the charts and learning the indicators and oscillators. @TradingView is very useful and I recommend everyone learn to chart and understand the charts. 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! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
16
Damn! I see trouble out there. Check this out. Events like FTX are baked into the deal. Insiders usually take advantage of such real-world events -- that inevitably happen -- to drop the price even further. This might not have been part of the plan but it was the excuse that the price manipulators needed. The fact that all coins were pumping hard for no apparent reason leads me to believe that the insiders knew this was coming. A lot of money was made shorting and stop-loss hunting over the last two days. This was a masterclass on market manipulation. Now, what is alarming is that looking at the 1 month view BTC has been on the upward trendline that you see (Thin faded line going up) for 9 years, and for the first time there is a clear trend violation and a new downward momentum trendline has formed (the thick white line pointing down). Bitcoin needs to pull up very soon, we can not close the monthly candle below that old trendline, we can have a wick below it but closing under will put us on a downward path that may take some time to stop, this is very concerning. Where will all of this end? Maybe the 100MA on the monthly can provide support at 12K, or maybe 5k can stop the bleeding. The good thing about meltdowns like this is that you now have a very good idea regarding which coins are strong. If ONE, MATIC or DOGE reach very low prices they are worth looking into. We know they have strength, we know they will bounce high and quickly. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
BITSTAMP:BTCUSD
by cryptoGats
6