Bitcoinforecast
Possible bottom for the year is inWe've got quite a few things going on with the markets but one thing I can't ignore is the fact that Bitcoin had a massive dump after FTX that liquidated huge players. SBF played games with investor funds where he shouldn't have.
What happeend to Bitcoin, though? It would appear nothing since we're trading higher than we were when that news dropped. BTC has remained resilient while equities have been running through an emotional roller coaster the last few months.
We're sandwiched between some key levels, but if the stock market does have a significant pullback and if it takes crypto with it, I would like to see SPX make a new low while BTC making a higher low. Don't be surprised if your alts pull back significantly. Go look at my thoughts on BTC.D Dominance. There are key hints there.
I've been bullish since the end of December, but right now, I am skeptical for significant upside. Likely we will test the supply near the August highs, but from there we will probably pullback into demand, which I've outlined. That'll be where you *might* be able to catch a decent spot buy.
Good luck!
🔥BITCOIN price SP500 FOMC-Fed Funds Rate. Next week will be hotEarlier this week, we published a possible trade for BTCUSDT. It is still in the process of being worked out.
The trade was based on the assumption that sellers would make every effort to protect the $25k area from an upward breakout. And it is justified and logical to cover at least part of the long positions in this zone.
But looking at the weekly candlesticks, we can see that the growth is only accelerating.
If buyers manage to break the stops of shorts above $25,000, this may provide additional fuel for a sharp 1-2 day impulse to the $27500-28,000 area.
And after a correction to the $20,000 area is possible, and theoretically, this will not be bad for the future growth trend.
We would also like to remind you that on 01/02/2023, the FOMC will meet to announce the new Fed rate. The forecast is +0.5%.
It is difficult to predict how the markets will react, but increased volatility in the markets will be guaranteed.
And at this point, We would like to remind you that sitting without a position is also a position and perhaps the most difficult position)
The SP500 index is on the verge of an upward breakout, but even traders by large companies included in this index are waiting for what the Fed will say. Therefore, in our opinion, it is worth keeping an eye on two possible scenarios.
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BTCUSDT FORCAST📝 After the sharp growth that Bitcoin had, it has now reached a resistance range, if it completes its 3 drive pattern and reaches its price action range, i.e. the range of 24600 to 25200 boxes (orange), we can witness a correction of Bitcoin.
❌ If the range of 24600 to 45200 brakeout, the above scenario is canceled
Bitcoin bounced just as expected, & Possible scenarios.$BTC bounced off the support just as expected and reached my first TP (take profit) at $23,800.
$BTC rejected hard and dumped very fast after reached the first TP unfortunately though, which was honestly unexpected.
After this current rejection, I have charted possible bearish scenarios, as well as the bullish scenarios of course.
I am still going to hold my long, but I will be cautious and might hedge a short, we will see.
$BTC is in for volatile times, personally I would not use high leverage during the volatility.
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BTC - Omega Bull next 2-3 yearsBTC
Laid out the #BTC map for the next 2-3 years.
Break out of $15k-$25k accumulation range in 1H 2023.
Re-Accumulation range $25k-$50k up until May 2024 halving.
Mark-Up expansive growth throughout 2024-2025, ultimately topping out in 2025 at $100k-$250k.
#Bitcoin
- @CryptoCurb
BTC in same structure as 2017 blow off topThis may be insignificant to some of you, but I just wanted to share my observation.
As you can see I believe that BTC is in the same blow off top reversal from 2017, only thing it is on a much smaller timeframe. The current chart for BTC is the 5m, and the historical chart is the 3d. It is not completely accurate but I do see some uncanny similarities with this structure.
What do you think?
BTC/USDT BINANCE Strong magnet pull from previous large support areas in the past.
Would be nice to tp @ 30k , and maybe correct from there.
Is the a relief rally or mini bull run.
A lot of opinions from both bulls and bears.
I stay in the middle perspective and see how we can learn from both sides.
These are only my opinions and isn't financial advice.
DYOR!
Thanks Like , Comment, and Follow for more ideas.
DXY Falling - Crypto and Bitcoin Rally vs Crash DXY ZonesThe market market rally has been fueled by the dropping DXY, but it's now close to important support.
Will the DXY rally from here?
Are we being setup for a disappointing FOMC announcement that could crash the markets, and see the DXY shoot higher?
Or are we about to see a DXY breakdown here, and a 'Melt Up' situation in crypto -- before seeing another leg down in Q2 as the economy cools and the Recession really hits home?
Either scenario is possible.
Follow the DXY for clues.
Here are my Rally vs Crash zones based on the daily DXY.
Comments welcome below!
Bitcoin is on the edge of collapse!Hello, everyone!
Yes, this is just the bright heading, of course collapse on the Bitcoin will not be in February 2023. Now I anticipate just a correction to allow us to enter the long trade.
On the 4h BTCUSDT chart we can see a lot of bearish signals and if it will continue climbing it would be really weird. The most bearish factor is the double bearish divergence on the Relative Strength Index RSI. We could choose any oscillator and all of them are showing the same. Divergence is the sign of the completion of the wave 5 and BTC should show us the correction soon.
Another one important thing is the trendline support breakdown. I am not keen on trendlines, but this time it looks valid. Moreover the price was unable to reach the trendline resistance and bears took control before. The combination of these factors is enough for me to make the bearish forecast for the next week.
In general, I suppose bullish rally is not over and we have to see another one leg up above $25k before the true collapse. The potential buy zone is still $20500 , there we have to watch out carefully on long trade setups.
Best regards, Ivan
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BTC Wave B has begun!We are just waiting on confirmation of a break and close over the previous LH ($25,200) to confirm a sign of strength/Quasimodo. This will also further validate the near term protected bottom of 15.5k and present a once a year opportunity to buy the bottom/open short term longs at the retest of $17,600. Keep in mind, this short term bull run is only a 3-3-3 corrective Wave B and will face a major level of resistance around $35,900. We can only speculate for now.
Bitcoin- It's imperative for bulls to keep 21k intactSince the beginning of the year, Bitcoin has entered a strong recovery move, and although I'm not so optimistic and don't see a sustained rise for the next 6 months or so, for me, as a speculator, doesn't matter much if the price of BTC will be 100k or 10k in the next 6 months. All that matter is where BTC's price will be next week.
And all I know is that, at this moment, the old 21k resistance should act as support now.
As I said, the price is very well sustained at this moment and, as long as we are above 21k, bulls hold the upper hand.
That being said, buying dips could be a good strategy if we target 25k and set a stop loss under 21k
Bitcoin Stock-To-FlowThe Bitcoin Stock-To-Flow Indicator has come under alot of attack recently for failing to adhere to the Bitcoin price as originally forecast and has been deemed as an unreliable indicator by many critics. However, what I'm showing you here is a new way to "see" the indicator which might change how everyone views it in the future.
Note how close price is at the point where the S-T-F indicator makes a 900% jump to the next level at the yellow circles. This marks an important point in the S-T-F cycle and the price is right at or even on this point when it makes this jump. The next level jump will occur around the April 1, 2024 date which puts Bitcoin at or near the 150K target range. The likelihood that bitcoin will go higher than this price before this date seems unlikely at this point.... But you never know, the upper Red band is at the 250K level and would mark an extreme top for this cycle.
The Long Term target is around Feb/March 2028 (scroll chart forward) which puts the Bitcoin price in the 1.5 Million range.
Short Term Bitcoin longThe chart for $BTC is showing me many bull flags.
From the chart shown above, you can see a local breakout, Moving Average support is holding $BTC, and that RSI has lowered.
I have done much more analysis to back my long belief, special indicators of mine indicating it will go up among other fundamental and technical analysis.
Keep in mind $BTC is volatile these days so I advise being very careful and vigilant!
STOP LOSS: $22,180
TP1: $23,400
TP2: $23,600
TP3: $23,800
TP3: :$24,000
You may wonder, "Why have you not shared all your TA and other analysis?"
Well simply because the Fundamental side of it is quite long, and honestly I do not like showing all my TA tricks publicly on TradingView.
I also unfortunately cannot tell you where to go to see all my tips and tricks because TradingView will label it as self advertising lol.
BTC 4 HOUR CHART SHORT Here is My Opinion on a short scenario for BTC On the 4-Hour CHart.
BTC Is having a really tough time breaking the 23000 $ LVL ANd COULD Potentially Go Back down to restest some lower LVLS
These might be the 22360 , 21500 , EVEN the 20200 - 19102$ LVLS .
Good Luck out there folks :)
LOVE LOVE
BTC Bitcoin: 1D Chart UpdateToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
Bitcoin price has been pumping recently and there is potential for it to keep moving higher, but BTC price and RSI just made a lower low. If price keeps heading lower, it may come back down the channel shown in the chart. The area of support is in the $15K-$16K region. RSI may be cooling down as well.
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
BTCUSD WEEKLY HOLALYSISAs of the moment WHALES does its job to induce and liquidate most of retail trader. Everything is engineered. I don't think Bitcoin will break 25k-26k zone at the moment so my over all bias still BEARISH, if so happen to break that zone it a clear change of character from downtrend to an uptrend, definitely change my bias too into BULLISH.