BTC prediction for the next 2 weeksThis coming Friday BTC will test the Support on the 21.7k mark, It's time to DCA a little bit.
There is also a possibility for Head and Shoulder is setting up. Keep an eye on it. Cheers.. Overall I can see BTC will hovering around 25k-28k late month.
Conclusion:
Head and Shoulder
or
5-3-5-3 wave uptrend
Btcprediction
BTC Price Prediction!I'm taking a zoomed out look for the 3D BTC chart so we can see the big picture but get a long-term target as well. If we zoom out on Bitcoin, we can see a huge 3D descending wedge that is still very far from breaking out, but has good long-term support/resistance levels to watch out for (long teal lines). Although with that, we can see the bullish divergence playing out on the Stoch RSI (indicator is rising while the price was declining). Now we've seen BTC hold support at the 18,900 level and showing no signs of breaking (orange horizontal line). This, coupled with the double bottom pattern on the VMC divergence indicator (bottom indicator) leads me to believe we're still heading to 25k over the next couple of weeks.
My only apprehension against a 25k BTC within the next couple of weeks is the downward trend being formed on the Stoch RSI (as pointed above with the red arrow and teal trend line). This would lead us to form a channel over the next couple of weeks until it's broken which would mean sideways movement for BTC. While this initially sounds like a bad thing, it would give alts the chance to pump while BTC takes a breather. I'll be watching for both scenarios over the next few days and keep you updated!
If you enjoyed my TA or had any questions, please leave them in the comments below or send me a DM :)
BTC SHORTS: a tool to approximate BTC key levels & directionBTC shorts shows that it has approximately 63% more to drop to key support. That may take BTC at least to the 28-33k level from current 20/21k before the shorts bring in a bigger correction sometime in August2022.
I do this as a hobby & not for trading advice.
BTCUSDT: IS IT REALLY TRYING HARD ??Hello !!
Welcome to the quick update of BTCUSDT. It is currently trading around $ 21400. With the last low of 17600, it bounced pretty well all the way until 21600 thereby hitting the immediate resistance.
As of now, it is trying to retest the 19k mark but failing to do so and regaining the 21k mark. As per the charts, it is evident that the price can take a dump if it breaks the triangle pattern.
BTC is at a decisive point that can impact the market both in a positive as well as negative manner. I suggest everyone wait for a confirmed breakout or breakdown before making any trade decisions and let BTC decide its way ahead.
Till then stay tuned and trade with caution with strict STOPLOSSES !!
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
BTC - Triggers So this is something I'm testing out. The chart is titled "Triggers" because the horizontal dashed lines represent price action triggers based off of my analysis!
Basically, if the analysis is correct, any 1HR CANDLE that CLOSES above/below the YELLOW line will likely continue to the blue area.
Also, if any 4HR CANDLE CLOSES above/below the GREEN line, price will likely continue towards the blue box.
This is a 1HR chart, however, there are GREY VERTICAL LINES on the chart that represent the 4HR candle closes.
By publishing this chart, we can always come back to it and press the "PLAY" button to see how things played out. It's a little tricky to do on a phone though, you have to turn the phone sideways (landscape view) and sometimes scroll forward or push the ">>" button before the "play" button becomes visible.
Hope you guys like it. It'll be interesting to say the least. In the future I plan to combine them with the analysis used to come up with the levels by leaving a link to those charts in the description.
Feel free to comment and please LIKE, FOLLOW, and SHARE if you wish. Thank You!
BTC 3D Bullish Divergence! Yesterday I posted about the 3D bullish divergence on ETH at 1085. It's already up to 1155 (7% from the call)! Now I'm noticing the same indications for BTC, along with a few other indicators (as discussed below).
Looking at the 3D BTC chart, we can see a couple of things:
1. Huge descending wedge forming with a worst case target of 12k (if we continue down).
2. Bullish divergence forming on the Stoch RSI. Since May 10th, Bitcoin has been in a decline while the Stoch RSI has been in an uptrend while ALSO starting to cross to the upside (very bullish for a short term relief)
3. Along with the bullish divergence, we ALSO have the RSI oversold (yellow shaded indcator) AND a double bottom forming on the VMC Cipher indicator (two green dots) which also points to a temporary relief bounce
With all of that said, my short-term bullish price targets for BTC is 25k (because that was the previous wick low turned resistance). After 25k, if we continue upwards, I'm looking towards 30-32k where we have MAJOR resistance. If we get there, I don't expect us to break it on the first try. We would essentially tap those levels then retest 25k then try to break them again (bullish case). It would also be extremely bullish if we crossed above the 200 EMA (pink line on the chart), as a lot of people are watching that metric and it's a great indicator for the overall trend
Now this is all assuming the macro economic environment stays relatively stable and there aren't any big negative news events. For the BEARISH scenario, I could see us retesting 19k and continuing down on the descending wedge trend line all the way to 12k. Good levels to DCA would be 19k, 16k, and 12k. The next few days/weeks will tell us a lot!
If you enjoyed my TA or had any questions about the indicators I used, please leave a comment below or send me a DM :)
Thanks for reading!
MY PREDICTION FOR BITCOIN NEXT MOVE !Hello Everyone !
Here is My Prediction For Bitcoin Next Move :
I see that the buying volume in 20k area is low so i think its going deeper to the downside !
i also see that 19425 and 17575 zone in Good For Taking Some Buys ! ( taking Buys only after confirmations)
If Btc respect this level , it could be the bottom !
IF NOT , i see 14180 a Strong Moanthly RESISTANCE level in the past that can turn to a Support Level !
if that Monthly Suppot not respected then we can go to 1250-9825 ZONE !
DISCLAIMER: (( this is only a Prediction , trades based on your own decision ))
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THANKS !
BTC - Running out of timeHey guys this is just a market update here for BTCUSD and the crypto market in general. It's FRIDAY and with the weekend coming, the time to make a move is now!
I wouldn't be surprised to be a bigger move today as we've been waiting all week (month... year...). Sometimes big moves do happen at the end of the week, that way over the weekend the volatility can calm down a bit. It just kind of works out.
The VOLATILITY has been insane this week. BTC has gone up and down and up and down, only to end up SIDEWAYS. LOL.
BTC is still holding support, BUT BARELY! If you look at the MACD on the bottom of the chart you can see the yellow signal line IS below "0" but not below the red bars. Usually in situations like this, once the MACD SIGNAL LINE falls below the red bars that's kind of the "point of no return" and since these are 4HR candles, It has good potential for a sharp drop. Judging by the price action on the chart and the MACD, I'd say if BTC falls below 29,350ish that'll PROBABLY do the trick. ESPECIALLY if the 4HR CANDLE CLOSES below that line. In this situation I would definitely be looking for a bounce at the 27K area. If you've been following my ideas and updates you know I've been waiting for BTC to drop to the 27K area for quite some time however BTC has been holding sideways, reducing the chances of the 27K Idea playing out. I'd currently say it's about a 50% chance, with the other 50% chance being that BTC is bottoming now and will make a move up to the 36K area soon.
Whether BTC drops to 27K-28K or not, I still believe its very likely that we will see a market wide relief rally soon and the target for that (AS OF NOW) is around the 36K area which is 20%+
I personally think there's about a 90% chance that BTC WILL make a move fairly soon (within days to a month) up to the 36K area. Even if the yellow support line breaks here on this chart and BTC moves to the 27K area I STILL think there's a 90% chance it bounces and moves up there... The question is when?
If you're NOT USING LEVERAGE, I think its probably a good time to buy in and look to sell when BTC reaches the 36K area. It MIGHT fall just shy of 36K so I wouldn't put your sell orders at exactly 36K. 35.5K-36K would be more appropriate.
If YOU ARE using leverage, The safest thing you could do IMO is HOPE that 27K bounce comes. If BTC drops to 27K-27.5K and its followed by very strong buying pressure, I THINK THAT would be an excellent time to buy in with leverage. Of course MAKE SURE to place your STOP LOSS orders and judge the risk reward ratio of your trade before making it. You can get liquidated VERY FAST in these markets especially if you've been using leverage this week because BTC has been up and down 5%-9% multiple times. That's easily enough to liquidate a 20x leveraged position and almost enough to liquidate a 10x position depending on where you bought in. Using leverage IS A WHOLE DIFFERENT GAME and if you want to learn more about it feel free to ask me.
I (as well as most decent market analysts) DONT THINK it's likely that BTC breaks below say 26,500-27,500 before a relief rally. That is just the general consensus. Of course we could all be wrong and get wrecked but that is the risk you take. In my experience Technical Analysis DOES WORK and it is based off of human psychology. If you are disciplined it can work very well. It doesn't really work any other way.
To sum everything up,
* I'd say there's a 90% chance that a relief rally up to the 36K area is coming SOON (within DAYS to a MONTH)
* The question is whether or not BTC will drop lower to the 27K area first? In either situation I PERSONALLY EXPECT THE RELIEF RALLY and I have buy orders between 27K-28K
* I think it's very UNLIKELY that BTC breaks much higher than 36K (if it does at all)
* I think it's very UNLIKELY that BTC breaks BELOW 27K before heading up to the 36K area first! (unless its a wick... 26,500 to be safe)
And LASTLY,
***** I DO NOT think this is the MACRO BOTTOM as in "BTC will never touch these low prices again". THIS IS LIKELY JUST A SHORT/MID TERM BOTTOM so you're going to want to sell/take profit otherwise later this year you will almost certainly be at a loss ***** AS OF NOW, I believe the MACRO BOTTOM will come during Q4 of this year or early 2023. AS OF NOW, my best guess is that the price of that MACRO BOTTOM will be around 20K (18K - 22K) When the time comes, we will have a better idea of price & timing so FOLLOW ME.
Also note that if you do buy when the macro bottom comes, It's likely that price action will be MOSTLY SIDEWAYS (with a few pumps and dips here and there). I think the whole year of 2023 will be a very slow steady climb as far as price increase. Maybe BTC starts the year at 35K and ends it at 55K. That might sound like nonsense to you but when you understand BTC halving cycles you'll understand that the next BULL RUN is not likely until spring of 2024.
So what I'm saying is if you buy the MACRO bottom and you want to hold it until BTC hits 100K then you're likely going to have to hold it a couple years. When BTC was 55K and I posted a "warning" analysis chart showing BTC dropping to 20K everyone thought that was nonsense too. When ETH was around 3,700 I posted a chart showing it dropping to 2,300 then bouncing back up to 3,700 and then going back down... People thought THAT was nonsense too, but IN FACT , IT WAS SPOT ON because I was using a highly accurate harmonic pattern. I'll leave a link to that chart below, as well as a couple others.
That's all I got for now, sorry for rambling on so much lol and for any spelling/grammar errors. You get the point. Stay tuned for updates . I Don't always post my updates specifically to TradingView though because they're usually just screenshots, or a few words here and there.
Feel free to LIKE, COMMENT, FOLLOW, and SHARE please.
I DO appreciate ALL OF IT. It takes me A LOT of time just to make these charts and analysis's, not to mention the time involved analyzing the market before making the charts. Although it is very time consuming, I do it because I enjoy it. See you next time.
USDT.DHello guys good day!
Here is USDT.D or Tether Dominance’s rising channel which reached at the top of the channel and its reacting.
First what is USDT.D and how can it help us for trading cryptocurrency?
USDT.D shows the status of Tether availability in the cryptocurrency market where when it rises market will fall and when it falls market rises completely a vice-versa relationship.
Ok based on this, The question is will the channel break upward? And market will fall more further?
Well as you can see the history clearly it shows that this channel is too strong to be broken and it may get push the price downward and then the market will rise and Bitcoin will get bullish and this will cause Alt coins to explode upside.
However on the other hand the sell pressure is heavy this time! And there is chance of breaking this channel upward and we may see Bitcoin at lower prices such as 25k 20k and if incase we loose these support levels then we may be witness of huge fall to 13k and 10k.
Remember guys these are just datas and informations that I analyse and post here, these are not buy or sell signals, so please use these informations and trade based on your own trading strategy.
Good luck.
worst case scenario for BTCin the correction phase, one of the places that are reliable to have a look at is the BTC CME market. in the correction phase usually, BTC price actions fill the gap, I do not believe that we will go below the previous all-time high as the cycle is not finished yet.
Worst case scenario is 23750 even though we have the same support at the spot market.
then meaningful retracement is the least expectation after the correction.
BTC/USDT --->PREDICTION PATHWAYanswer: (see related idea)
We have a surface that price was for a long time there so in supply and demand attitude buyers bought and sellers sold , and now we don't have imbalance order to support price after several impact.
anyway our prediction is price goes up temporary and then will break it easily like picture.
i just try to show the fact of market without any other analysis and hope you commend your ideas.
be profitable.
BTC Bounce Or die .. here we have two possible scenario ,
i don't want to change your opinion but you have to know that when and where to buy ...
i want to use this off !
we have strong support here in this zone ( 28 k - 30 k ) so we have to hold it and if its the case , we will see new cycle (new bullish cycle) . but if this support break , price can hit 20 k ...
so its your choice , be careful and don't panic ! and know that who will gain profits when you are selling at these levels ...
BTC UPDATEFollowing my last post BTC broke the trend line and has approached the blue line as shown on chart.
Now for current scenario:
Wicks are meant to be filled, and as we've witnessed in this chart also wicks are getting filled even if it takes a month or two.
One is remaining and once it gets filled we'll arrive at a key zone (33k-32.5k) and can expect a rebound from from that key zone. If this yellow zone is also broken then 28k is incoming.
RSI during this key zone will also be expected to give an oversold sign, so a rebound can be expected.
Stay safe and always use stop loss.
Accumulate during this zone!
A bit of hope for BTC bulls!Hey guys, how's everyone? I tried posting some charts for you guys a while back only to find out that they were "hidden" from you guys for "violating the house rules"
So I'm going to keep this one short as the chart is self explanatory.
What I did here was mark the BTC halving events on the chart and also the bull market top that followed! If you've noticed, each year the bull market cycles have lasted longer with diminishing returns.(this is an idea I've mentioned in many of my previous charts) This makes sense because as BTC's price increases, naturally more and more buying volume is required to further increase the price. That's why the logarithmic chart curves the way it does.
So with those ideas in mind you see the 2013 bull market top was about 364 days since the halving event where it started.
The 2017 bull market top was about 518 days since the halving event where it started. According to my math, this represents a 42.3% increase in time. (my math is on the chart for you to do yourself if you'd like)
If this continues, we could figure out what is 42% of 518(the number of days from 2017 halving until the top), which is 217.5 (according to my math) So if we add 217.5 days to 518 days we get a total of 735.5days.
So if this bull market which started in 2020 also sees an approximately 42% increase in length compared to the previous one (which was 518 days) then we could expect to see the top somewhere around 735 days from the last halving event.
On the chart you can see the last halving event was on May 11, 2020. 735 days after this event = MAY 16th, 2022
As I've written on the chart, I PERSONALLY DO NOT think this idea will play out, however it definitely IS something to keep in mind, especially if BTC just starts pumping out of nowhere really soon. I Personally think this market cycle double-topped and we are in a bear market now. I'd be looking to accumulate later this year (past August) or even in 2023 as the next halving event is not until March of 2024.
What do you guys think about this? Please LIKE, SHARE, and FOLLOW me if you like my analysis.
A highly plausible scenario for BTC as the leader of the marketSince there are no vivid signals that imply an imminent super bullish market, we should not expect a dramatic rise in the prices. Although US and Europe are experiencing unprecedented inflation rates and disproportionate interest rates, which apparently can cause the market to grow as well, the governmental 10 years bond yields of US, Britain, Canada and others are implying a mid-term contractionary policy of central banks. According to these facts, the possibility of mid-term fall in market outweighs any incremental scenario above 52,000 $.
In a bearish situation, Market requires a trustable support area to bounce back. I, as a non-smart money, would love to believe the support area is the one which is publicly known, which is 29,000$ to 30,000$. However, Smart money usually behave quite opposite of normal people's imagination and surprisingly surprise all. Plus, we have an unfilled gap in BTC CME (BTC1) at 23,500 $ which sooner or later has to be filled. That's why a retest of 23,500 $ is not impossible at all.
On the whole, since there are no certainty in financial markets analyses, which by the way this one is no exception, It's totally possible that due to unpredictable factors such as side effects of Russia-Ukraine war or Covid-19 stuff, non of this analyze or just a fraction of it would come true. Therefore for smarter people there is no rush. The more the total market cap decreases the more we accumulate.
be smarter and patient.
BTCUSD LONG - SUPPLY ISSUEThe overall supply of Bitcoin BTC/USD on crypto exchanges has dropped to its lowest level in almost three years, according to Blockchain analytics firm Sentiment.
The ratio of supply on exchanges for #Bitcoin continues to fall, reaching its lowest level since December 2018. When compared to just two months ago, there are 13.5 percent fewer $BTC on these exchange wallets, accounting for 1.6 percent of the total supply.
Bitcoin's total supply on crypto exchanges was only 10.25 percent of its entire quantity, or 1,946,069.41 BTC, as of March 17.
Santiment further points out that the current BTC price jump was driven by a cascade of short sellers liquidating their positions as Bitcoin's value increased, resulting in a short squeeze.
The climb of Bitcoin to $42.3k today was aided by a slew of short liquidations. Funding rates are still a wonderful way to assess how traders are placing their bets and if they're willing to put their money where their mouth is.
Follow for more btc analysis and insights.
$BTC Bullish after potential breakout and re-testBTC Successfully retested its previously broken trendline on the 12H timeframe. I expect BTC to try for 52K to 55K within a matter of weeks. Powerful reversal bar touching the now broken trendline is bullish IMO.
Both RSI and CM William Vix indicate potential reversals in the market near support zones serving as a signal for potential predicting a market continuation or reversal
*Disclaimer - I do not own or trade BTC personally. I do trade BTC related stocks and alt-coins. This is only my opinion based on technicals I see.
$SOS Bullish despite recent news SOS recently had an offering, so i get it if you are done with the company. However, when trading with technicals , it is best to avoid focusing on fundamentals and feelings about a certain stock. I see SOS currently in a huge buy zone around $.50. RSI is currently approaching a similar level when SOS ran last year. CM Williams VIX also indicates a change in buyer sentiment, which combined with a strong support zone, can help us determine when SOS may begin to reverse within this buy zone.
*Disclaimer - I do not own or trade BTC personally. I do trade BTC related stocks and alt-coins. This is only my opinion based on technicals I see.