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Btcprediction

Bitcoin (BTC) - 6h. Last accords before the test of $46-48kA local wave of decline in the BTC market, which sellers began on June 4, was able to break the lower line of the consolidation triangle down. However, after a 3-week price movement in a narrow consolidation, the downside impulse should have been aggressive and clearly on large volumes. This wave of decline showed the BTC market that: - Sellers are not ready to continue a powerful wave of decline in order to break through the range of $29000-30000 without a good rebound up; - Market participants do not want to trade in such a narrow consolidation, therefore they have expanded it both in a percentage range and in time. Already on June 8, buyers showed their desire to control the range of $29000-30000 and closed the daily candle with a pin bar: If we look at the daily timeframe, we can see that this pin bar took place on average volumes. In addition, the buyers managed to absorb 3 previous sellers' candles during June 9 and practically test the critical range of $39,000-40,000. In our opinion, buyers have not yet managed to stop the powerful wave of decline, which culminated on May 19. Now the process of buying out sellers is underway , who still believe in the continuation of the fall in the price of BTCUSD without correction. This process takes place within a wedge. The deceleration of the local growth of the BTCUSDT price indicates the beginning of the formation of another fall wave within this wedge. If this wave of decline is as weak as the previous one, this will be a clear signal for us to buy BTC with a target of $46,000-48,000 . In this case, the global purchasing area is in the range of $30,000-33,000. If we analyze the chart of the dominance of Bitcoin, we can see that the interest and the gradual flow of capital into BTC has already begun: During yesterday's rise in the price of BTC, altcoins in a pair with BTC were falling. This fact reinforces our main test scenario for the range of $46000-48000. The local breaking point for this scenario is the range of $39,000-40,000 . Having consolidated above this range, buyers will again regain control of the BTC market. P.S. Our global forecast is relevant: _______________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
26
Elon's Tweet or Obvious Price Action ?This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective. BTC failed to break its resistance - indicating an inevitable downward movement. Then came Elon's tweet, catalyzing the downward momentum. I don't really think his tweet had much to do with this drop as TA already told us to expect it. I view his tweets as catalysts to what is already expected as per TA. On the chart, I've delayed the time estimated to reach "spring". Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term. My ideal price movement is marked in green. Comments and criticism welcome
by THE-GERA
4
BTC Wyckoff Accumulation (A followup from my previous idea linked bellow) I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback. This is a second idea still keeping to Wyckoffs accumulation schematic. It may be possible that the accumulation period is shorter than I stated in my previous post. Changes: I've moved ST to just below AR. STB replaces the previous ST. If this is correct then it would seem that we are approaching the "SPRING" very much sooner at just below 28,000. Please comment on if you think this idea is or my previous idea is more likely.
by THE-GERA
BTC Wyckoff Accumulation This is my first time publishing an idea. I've been reading on bear patterns and came across "Wyckoff Acccumulation Schematic" on google images. I've attempted to forcast according to Wyckoffs schematic. I suggest googling it to compare it with what I've drawn. From my understanding, accumulation patterns precede a a large bullish momentum - so I see BTC resuming a strong bullish trend after June. Please comment on changes you would make to key points corresponding to Wyckoffs accumulation schematic
by THE-GERA
BTC - 6h. Another buyer check is in the range of $50300-51400For almost two weeks, buyers are trying to come to their senses after a powerful wave of decline from 14 to 25 April. Serious intentions of sellers within the previous wave of the fall is confirmed by the fact of breaking the liquid range of $50300-51400. It was this range that slowed the panicky fall of BTCUSDT on April 18. The sellers' second attempt to stay below this range was unsuccessful. This was the signal for buyers to start a new local wave of growth within the two-month consolidation. Therefore, this range will be a critical point for us , above which buyers have every chance to re-test the range of $60,000-61,000. Why don't we forecast a price increase above this range? The fact is that in our global idea we showed a probable positive scenario in the BTC market: Due to the relatively weak counterattack of buyers, the decline in the dominance of BTC intrigue in the market is growing. The weakness of the price near the historical highs alarms us personally. If we look at the situation on the hourly timeframe , we see that buyers have found local resistance in the mark of $55200 . However, after the second attack of sellers of this mark, the price of BTC bounces weaker both in volume and in the nature of price movements: Therefore, we are waiting for a re-test of $50300-51400 to make decisions about buying BTCUSD and other coins. Depending on how the price of BTC will test this range, we will make trading decisions. P.S. In the event of a sluggish wave of decline, buyers may not release the price outside the white trend line (Chart 1h). In this case, the new growth momentum will be strong and the probability of breaking $60,000-61,000 will increase significantly. ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
23
BTC Bitcoin Next TOP & DIP Prediction IdeaBitcoin moves in circles. First move from DIP #1 (27 January) to TOP #1 (21 February) was 100%. Second move from DIP #2 (28 February) to TOP #2 (13 March) was about 50% less than the previous one. Third move from DIP #3 (25 March) to TOP #3 (15 April) was about 50% less than the previous one. LOWEST: 27.01 HIGHEST: 21.02 LOWEST: 28.02 HIGHEST: 13.03 LOWEST: 25.03 HIGHEST: 15.04 LOWEST: 25.04 SMALL DIPS OCCURE: 4 Days After the Lowest My Prediction for the next TOP is between 13 May to 21 May. My Prediction for the next DIP is between 25 May to 27 May. This is not a financial advice. This is solely my own idea. Do your own research.
by UnknownUnicorn18172817
2
BTC 12h Weekly section: Bitcoin weekend №14 Taking into account the hot situation on the market, it is high time to resume the "Bitcoin weekend" section №14 and share our thoughts concerning the situation on the market. Bitcoin has been growing on average volumes for almost a month. And last week, the market asked for a correction to cool the crazy growth. Only the news impulse was lacking to trigger the drain. Most likely, the news trigger for the drain was a tweet that there are rumors that the US Treasury may soon accuse a number of financial institutions of using digital assets for money laundering. Now according to the BTCUSD chart: The fall of the 12h candle was 14-15%, the altcoins were drain from 20% to 80%+ The BTC fall stopped in the first liquidity zone around $51,000 and this is a good signal for buyers, because they could have thrown much lower, to $46,000, where the second liquidity zone is. Now, in fact, half of the drain has been bought off and this is the second good call for buyers. They write that they liquidated more than $9.5bn of futures positions from those who like to long with large leverage without stop. The only thing that we can control when trading on the cryptocurrency market is the risks that we are ready to accept on a trading deposit . And we recommend that the risk per position is no more than 1-2% of the deposit. If you look at the BTC dominance, then it finally broke the 3-year channel down and even reached the level that we expected around 53%. Now, we should expect a rebound of the BTC dominance to 58-59%, which may be a positive factor for the BTC price growth. But how the altcoins will behave in such a situation is interesting to watch. Usually they are pulled up to BTC with a delay of several days. The following observation also seemed interesting to us: When the BTC dominance fell for the last month, it is logical that capital flowed into altcoins and they insanely grew, but in the last week the situation looked somewhat different. It seems that large deposits have been sold out a lot last week: - withdraw 80% in fiat and lent it out expensively for everyone who wanted to take longs. The cost of a USDT loan for margin trading could go up to 3% per day, and sometimes there was not enough fiat at all to lend to everyone for margin trading. - 20% were transferred to altcoins to show that there will be more growth, so take USDT in long at any price. This is the picture that appears in our opinion... The third liquidity zone BTCUSDT is $42,000. It is also a critical level for buyers, as there is room below for a fall to $32,000. Considering our cautious trading with stops, which shows not too high, but stable growth of the deposit and skepticism towards statements such as: "the market will always grow", "this growth cannot be stopped", etc. Still, we now more believe that there will be several days of consolidation and the continuation of the BTCUSD pair movement to the mark of $75,000 by mid-May. And there, traders and investors say: "Sell in May and Go Away" Close all long positions and go on a well-deserved rest :) By the way, today we will update the statistics of our 2-year trade marathon, which we launched 2 months ago. Well, now my favorite: Write in the comments the trading pair you want us to analyze during the next week. We'll start in the comments, and you keep going! TOP 5 trading pairs that will collect the most likes or comments will receive a worthy analysis from us. And of course, don't forget to subscribe to us and write thoughts in the comments regarding our analysis!
BITSTAMP:BTCUSD
by P_S_trade
65