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Bitcoinforecast

BTC Bitcoin: No Hopium DiscussionHello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period when the Bull Run started. 2) Recently, the price formed an All Time High and has been correcting since that point. This has also created a Double Top Pattern (bearish) as well. 3) In the chart are two support trendlines as well as two support areas where the price will hopefully bounce. If BOTH support areas are lost, the price has the potential to get back down to the sub-$30K levels. This would also show a breakdown from the rising wedge pattern, with possibility to take a steep fall to sub $5K levels. 4) There is a multi-month Bearish Divergence as well with the Price showing HIGHER HIGH and RSI (relative strength index) showing LOWER HIGH. 5) The two support areas are key for Bitcoin to rebound and make a new All Time High and hopefully break the wedge pattern upwards. 6) The analysis may show BEARISH signs, but you need to consider many other factors including traditional markets (SPY, and others), commodity prices (Gold, Silver, and others), interest rates and inflation, Bitcoin Dominance, Crypto Market Caps, and much more. 7) Everyone wants to see higher prices, but being realistic is key when trading and investing. What are your opinions on this? 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
COINBASE:BTCUSD
by MillionaireEconomics
7
What is happening to Bitcoin and Crypto?!! Wow.... I think that yesterday is a day that no one was expecting and was ready for! As we are seeing Bitcoin making newer lows due to the bad environment we cannot tell what is about to happen next. But we have some data to look at. We are seeing that BTC wallets with 10k BTC are making a new ATH and they are not getting liquidated. Most of the people are interested in opening a low the moment BTC hits a newer low resulting in a strong bounce back up. The DXY is on the edge of falling down just like the Yields. Tomorrow the CPI numbers will get released so expect even more volatility in de markets. Trade safe and don't let emotions take over your trading decisions.
by Mynameisnotrelevant
Btcusd ready to touch the floorHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about BITSTAMP:BTCUSD We can see formation of falling battern So we are expecting a strong fall near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
BITSTAMP:BTCUSDShort
by Theranasaramd
Bitcoin Chart Review For Bottom SupportToday you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). A very simple chart showing where the next support region is in case Bitcoin begins a free fall. The $13.5K-$14K region has strong prior support as shown in the chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
BITSTAMP:BTCUSD
by MillionaireEconomics
Bitcoin Can Hit 14000$ Today or Tomorrow Bitcoin MARKET UPDATE BY Bitcoin support levels $17,150 and $17,800 strong Support (buyers available at this position) Bitcoin resistance - $18,600 and $19,600 strong resistance (sellers available at this position). Crypto market depends upon Bitcoin movement I updated you about Bitcoin so trade with risk management. ——————————————————————— Analysis - Bitcoin experienced severe sell pressure today as it ended its daily candle below the 18600 dollar mark and attempted to breach that level but failed. Bitcoin is currently trading close to the 17150 dollar level of support. Our current market cap support zone on the daily chart is at 813 billion dollars. If we close above that support level, the market could have probabilities to move upwards. If we close below that support level, closing below could be bearish, and the next support level would be at 762 billion dollars. The release of the CPI Report, which is scheduled for tomorrow, Thursday, November 10, 2022, at 5:30 PM Pakistan time, will influence the market's course. Please stay away from leveraged trading as the market is quite unstable.
Short
by Waqar212
4
🧨The best price and place to Buy BITCOIN🎁🚀🔰You can see the analysis of Bitcoin in the weekly time frame (BTCUSD_ 1W) 🔍🧨🧨 💥Considering that the price has managed to break the Down trend line🖤, the best price and place to buy Bitcoin, the meeting point of the Down trend line🖤 (to ❗pullback❗ to it), the Dynamic support line💜 and the Support area🧡 located at the price of $13,700-13,500 🔺🚀 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _______📈TRADER STREET📉______
COINBASE:BTCUSDLong
by TRADER_STREET
BTC/USDT In Freefall - $14K Incoming? 📉🚨Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX. This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌ Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝 We're looking for a local bottom around $14-16K. Still a volatile week ahead with CPI and elections finishing up. Stay safe and eyes peeled! 👀
Short
by QuantVue
1
Bitcoin Analyze (Short Term, Timeframe 15min,11/09/2022)!!!Bitcoin broke the support zone and is currently pulling back to the trend lines and this zone. Also, we can see the divergence between Price and Volume. I expect that Bitcoin will touch at least the last bottom (17166$). Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
8
BTC Max Pain BTC / USDT From all previous updates we believe bottom is close But look here at chart we can see a high potential move to break recent low at 17622$ before any bull rally But Why ? This area has high liquidity and many traders place their stoploss below this level (market makers know this well ) - also in fundamental with dollar index keep rising crashing all others assests like GOLD - BTC - other currencies Also check here my previous idea Fractal between late 2022 and 2018 bear years: Do you agree ? Share with us in comment section below ⬇️
Short
by Babenski
48
Bitcoin entering a long period of Wyckoff accumulationSo the bounce idea has been canceled by Powell. Awesome times we live in, where one single individual can dictate the direction of entire markets. And since BTC is very strongly correlated with the stock market (unfortunately), this means that BTC is just following the general direction of the stock market. And since the FED appears to be very hawkish, this means that the Bounce scenario is now all but ruled out. I personally now favor a Wyckoff accumulation pattern such as last seen on a long timeframe in 2015. Basically the whole of 2015, BTC was hovering around 200 USD plusminus, and only in late 2015 did BTC start to enter the next bull phase. I think we'll get something similar this time. As soon as inflation has sufficiently fallen, the FED will halt raising interest rates, and the markets will enter the next bull phase, and so will Bitcoin. Let us not forget that the halving approaches fast, in April 2024. So i foresee the next peak in late 2024 or early 2025. I also don't see a huge stock market crash like many, because if too many people believe that something will happen, then it won't. In this accumulation phase, BTC can retest the low at 17600 at least one more time, but normally it should hold. I think the next BTC peak will be in the 200k ballpark. BTC doesn't perform as well any more, as we would like. Last time we "only" got a 23x from the low to the top, now I think a 11 or 12x from the 17600 low is the best we can hope for. Law of diminishing returns in full action here! That is my current view :)
INDEX:BTCUSDLong
by SebastianofMoon
7
BTC Bitcoin: Short Term Rebound TargetToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The chart is self explanatory. I circled a few target areas based on dead cat bounces after the recent drop in BTC price. To support the analysis, I have included the VPVR, Keltner Channel, 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
BITFINEX:BTCUSD
by MillionaireEconomics
6
2 TradingView indicators for trading BitcoinThe indicators offered by TradingView extend beyond their usefulness for forex, commodities, and stock trading and into the world of cryptocurreny. In this article, I want to explore two TradingView indicators that Bitcoin traders may like to take a closer look at. Sentiment Indicators Cryptocurrency is an asset that can rely heavily on the sentiment of the market, perhaps more so than any other asset as its value is not so obviously tied to fundamental data like stocks and currencies. As such, paying attention to Bitcoin’s public and market sentiment can be vital in helping traders decipher the price action of this particular asset. A few Bitcoin sentiment indicators exist on TradingView, with two freely available versions being the Bitcoin Futures Market Sentiment and the Bitcoin Binance Sentiment Index. Bitcoin Futures Market Sentiment You can use this indicator to simply illustrate optimistic and pessimistic market sentiment in the Bitcoin futures market. The red bars are indicative of pessimistic sentiment and green bars indicative of positive sentiment. The size of the bars also implies the degree to which the market is in either of these conditions. Bitcoin Binance Sentiment Index. The Bitcoin Binance Sentiment Index suggests market sentiment by measuring the divergence between futures and spot Bitcoin prices (as pulled from Binance). The sentiment must be decoded a little more than the Bitcoin Futures Market Sentiment Indicator but can still be done quickly and easily. When the value of the indicator is above 100, the average price of futures is above the spot price for a designated period suggesting a bullish outlook. Conversely, when the indicator’s value is below 100, the opposite is true. Bitcoin Bullish Percent Index The Bitcoin Bullish Percent Index analyses a wider segment of the cryptocurrency market in an attempt to understand Bitcoin. This indicator is designed off the assumption that a strong relationship can exist between some cryptocurrencies, and that individual cryptocurrencies typically like to move in unison You can think of The Bitcoin Bullish Percent Index like a general RSI (Relative Strength Indicator). When the indicator is valued between 50.00 and 70.00, you might like to consider the cryptocurrency market as a whole (as well as Bitcoin) as overbought. When the Indicator is above the 70.00 level, you might like to consider it as extremely overbought. Conversely, when the indicator is valued between 50.00 and 30.00, you might like to consider Bitcoin as oversold. When the Indicator is below the 30.00 level, you might like to consider it as extremely oversold.
BLACKBULL:BTCUSD
by BlackBull_Markets
1
Bitcoin – HUGE CRASH is not over!Hello, everyone! Exactly! Exactly as was predicted. Bitcoin reached $21500 and crashed. I am proud that I finally learned a little bit about trading chaos approach and correctly anticipated the Elliott waves. In my last analysis I told you that that wave 5 of previous wave higher order will be finished at $21500. Today we saw the start of the wave 3 – the most impulsive wave. Let’s go! Let’s take a look at the BTCUSDT chart 1h timeframe of the WhiteBit exchange. Here we can see that after the wave 1 have been finished wave 2 reached exactly 0.61 Fibonacci retracement before showing us the crash in the wave 3. Let’s notice that wave 3 reached exactly the 1.61 Fibonacci level and now I am waiting for the local correction to 0.61 Fibonacci level, approximately to $19k. Here will be the nice short opprtunity. The dump have not finished, the bear market will continue to $12k. Of course I observe the market and can change my targets, but now I consider 1-2 months of dumping before the bear market end. I have been waiting for this dump 2 months earlier, but market decided to annoy me with the flat. Best regards, Ivan
by Skyrexio
9
BTCUSD WORST OF THE WORST CASE2-3 Months from now 1.) If BTCUSD doing Irregular flat, the last price target is around 9,080$ 2.) If BTCUSD doing C of Truncated Zigzag, Price should go at least 5,321$ or lower (From the theory, The price must not be lower than the lowest price which is 2.22$) 3.) If BTCUSD doesn't make a new low and the price goes sideways, It may make last wave C and then go down 4.) If BTCUSD doesn't make a new low and the price was reversed or changed trend, It may be making wave B or New Bull Run. These 4 things can happen or never happen, My wave analysis still needs practice, and I'm Never afraid of the mistake. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by MANGDANA
2
Bitcoins Peculiar Elliot Waves! #2This chart is a second look at " Bitcoins Peculiar Elliot waves" In this analysis we are assuming that wave 3 has not finished yet, but should do so by summer next year. June @ 95 bars would mark a 2.5 lengthened cycle from the first first wave. The next look is into an a possible extended bear market with the bar length all clearly marked, at this point for me it's just an educated guess. I want to note that price is not the emphasis of this outlook, it is cycle and time line based...So please don't get caught up on price points. I have listed the original "bitcoins Peculiar Elliot Waves" in this chart as well. take a look and let me know what you think down below. The answer to this one is sooner than later so we'll know how valid this cycle analysis is by midpoint next year. Also please do not take any of this as investment advice, it's just an observation and should be taken as educational. Thank you for looking and stay blessed! WeAreSat0shi
BNC:BLX
by WeAreSat0shi
2
Bitcoin Today Next Target 30k ? Bitcoin MARKET UPDATE Bitcoin support levels - 19500$ and 19000$ strong Support (Buyers available at this position ) Bitcoin resistance - 20000$ and 20500$ strong resistance (Sellers available at this position ) Market depends upon Bitcoin movement so trade with risk management. We updated you about Bitcoin movement. ——————————————————————— Analysis - BTC Support is at 19500$ and 19000$ Resistance is at 20000$ and 20500$ Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, currently Volume is low and BTC Price below EMA 10 20 50 100 200 Currently RSI is at 27.8 BTC dominance is at 40.57 and Total Crypto Marketcap is at 978Billion
Long
by Waqar212