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Bitcoinforecast

Bitcoin – last chance for bears!Hello! Every time when my analysis go wrong I am trying to analyse what I did wrong. There were 2 mistakes: 1) I was right too often last 3 months about the market and I decided that I cannot be wrong. Thank you market for the cold shower which expalined me this mistake. I should cancel my trade when it went wrong. 2) I placed limit order instead of observing the market because it filled during the night. I was scared that will not enter at the best entry point. As the same time I can praise myself for the excellent money management. This is the reason why this trade is not a disaster for me. Now I am going show you my new scenario, it’s always the same, but something was changed. Let’s take a look at the 1D time frame of the WHITEBIT:BTCUSDT chart. I changed the wave 4 top to the $21500 level when the FTX collapse crash started. I decided to do it because the previous movement was too ugly to be the impulsive wave. $15600 was the end of the beautiful wave 1 inside wave 5. Now I consider the wave 2 end, which was represented as a zigzag correction. If you are not still in short trade you can use the setup from the chart. The Bitcoin now is testing the 0.61 Fibonacci retracement level. The majority of second waves reach this level before the reversal into wave 3. If the price will clearly break $20000 I am going to become the bull, because the bearish formation will be broken there. Promise you to become better. Please don’t hate me too much 🙂 ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
13
Bitcoin - a huge falling wedge is broken On the Bitcoin chart, on the daily timeframe, starting in June 2022, a pattern was formed - a falling wedge. To be honest, I don't respect technical analysis patterns and think that only some of them make any sense. The wedge pattern is among them. If you analyze it on history, this pattern has a high win rate on higher timeframes. I personally will not trade it, I have a different style of trading, quantitative trading (indicators), but it may be educational and interesting for you. Plus it is another prerequisite for continued growth. Bitcoin broke the falling wedge. At the same time, we see that the price closed above the upper boundary. So that is a positive signal. Closing below would be a negative signal. 🚀According to the rules, target = height = 42% ($26k) All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
by Yaroslav_Krasko
BTCUSD: A Breakout Finally! Will the Support Hold? | Jan. 13It looks like the bulls have finally managed to take control after a long sideways battle. In our previous analysis posted on CoinMarketCap Alexandria, we expected the price to rally to $18,600 upon flipping the resistance at $17,700. The price rallied to $18,800 this week and broke the $18,800 mark for the first time after November. In the 4-hour chart, we can see a clear breakout from the supply zone at $18,800 on Friday. It is crucial for the price to sustain over the supply zone for a continuation of the rally. We may see a minor pullback, as the RSI is pointing towards an overbought state at the time of writing. If the supply zone is sustained, expect a strong move to the next resistance at $19,750. However, if the resistance at $18,800 fails to hold, the price could tumble back down to $17,700. Traders should wait for a retest before taking a long position, to be on the safe side. The major points of interest are $18,800 and $19,750.
by CoinMarketCap
Bitcoin VS Psychology of a market cycleHello Traders and Investors. I hope you are doing well. Let's start with the local analysis. On the Bitcoin chart, we got a strong impulse growth, the price came to the level of $19k. And a lot of people have a question: "Has the bull run started? ". On the technical analysis side, there are two very strong resistance zones ahead. And a very important high is $21,473. Only after updating this high the downward structure will be broken and the road to $28k-32k will be opened. At the moment I see a huge positive in the market and that worries me a bit. I want to finish this idea by comparing the Bitcoin price and the cyclical market psychology chart. Take a look and compare, it will help make a long-term plan. All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSD
by Yaroslav_Krasko
2
BTC Short @ 19,000 10x leverageOver the last 52 days we've seen a +23% move upward from the local bottom. Just over the last week, we've seen an immaculate pump, but do we have the momentum to continue to move upwards or is this just a bear market rally or bull trap that is about to go bad? Crypto only focused individuals. I cannot tell you enough, crypto has a huge market correlation with much of what is going on in the world outside of the space and 2023 is going to be a dangerous year in the finance sector. We're only 13 days into the new year and I know the energy is at an all-time high from what's been going on, but take a step back and look at the bigger picture. Remember, while I can admit there is a small chance, we have not set a macro higher high in the last couple months, but we have been setting macro lower lows. Let's also consider that many of the key factors influencing the market are due to economic occurrences outside of the crypto space, like the looming global recession on the horizon and the central banking system's reform over the last 3 years. We could very well be witnessing the start of a blow-off top that will lead us into the sub 15,000 USDC area. Our momentum indicators on the 4-hour and 12-hour charts are at levels we last saw market corrections from, much higher in fact. I believe this is more of a matter of when a sell-off happens, not if. RSI is at 90... I don't even need to talk about that. Our VPVR targets are 16,800 and 16,000... Note: even though we're +20% up from the last macro bottom, which is the sign of a bull market, we're still well about the 200-day EMA on the Day chart and our current price confluence is razor thin, meaning pull backs could be much more intense because of the lack of established volume in a local perspective.
BITSTAMP:BTCUSDShort
by WatsonsView
4
96k BTC still in the cards??This is just educational content trying to point out a potential scenario with BTC and plainly talking from a technical point of view of which you can throw the fundamental part away when looking at this chart. It may cause some feather to ruffle or a bowel movement to occur. All I know is this is a possibility. It was supposed to go to around 96kish on the measured move if in fact the triangle is real. I would expect a retest of this 69k at some point and perhaps quicker than expected. We will have to see who the crazy ones are.
INDEX:BTCUSDLong
by CryptoVallster
#BTC up 18% Since the last update! What's next?BTC Reached $18.7k! Almost 18% up since we called this RUN from $16200 a few weeks back. I am still holding the longs as shared on my other social platforms. Currently, it is trading at the resistance which was previously the support. So what do we expect next? The chart shows the possibility of a little pullback around $17.5k and then the continuation of the uptrend. I do not think this is a trap Yet. USDT Dominance is breaking a 430 days uptrend as we speak PRINTING A LOWER LOW for the first time in 430+ days. We need a successful weekly close below the 7.78% Level. If that happens, Consider it a confirmation of a green quarter. What do you think? Let me know in the comment section. Do show your support with your likes! Thank you #PEACE
Long
by Cryptorphic
1
BTC Bitcoin: Directional MovementToday you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The current upward momentum on the BTC price may be short lived as the RSI is very high in the overbought region. I have shown two directions which the price can move towards. Keep in mind that BTC price volume is still low, which is a concern. Expect some downward movement to cool off the RSI before price really makes a directional move. I have been calling drops on BTC since November and December of 2021. Be careful to not follow the hype train which many social influencers put up. 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
BTCUSDT - Phoenix Ascending Points to $22KHi Traders, Investors and Speculators of the Chart📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫 By using two trusted technical indicators together, were able to get a near term price target for BTC : $22K. When used correctly, Bollinger Bands in conjunction with Phoenix Ascending can provide a highly accurate price target. From these two indicators it seems that Bitcoin may soon attempt resistance zone $22K. The ultimate question though, is if we will be able to CLOSE above this zone or if it would just be a wick, hunting for stop loses. Want to know which altcoins you should be watching closely AND why ? Take a look here: 👀 _______________________ 📢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
Long
by CryptoCheck-
34
Bitcoin / Dollar trading in falling wedge pattern.Bitcoin / dollar trading in falling wedge pattern . currently price is trading at resistance level of falling wedge pattern. According to chart pattern analysis we might see bitcoin / dollar trading in range within falling wedge pattern. Once price level touch the support level of falling wedge pattern bitcoin / dollar price may moves up towards the resistance level 2 but if we break below the support level of falling wedge pattern we might see new bottom in bitcoin / dollar prices. views / opinions are welcome to discuss. thanks
BITSTAMP:BTCUSDShort
by Fx_Trader_ViSa
1
🔥Bitcoin BTC price will depend on the US CPI released today👇Today, we will consider what prospects for the movement of the BTCUSDT price and the crypto market, in general, can be expected in the near future. Let's start with a spoiler: "Today there will be increased volatility in all markets" Today, on 12.01.23, the US CPI will be announced, which will tell everyone with what level of inflation the US closed 2022. The last indicator was 7.1%, and the forecast for today is 6.5%. And although these data are still far from the "ideal" of 2% announced by the Fed, but the dynamics to decrease are present. The following can be assumed: 1. if annual inflation will be 6.5%-6.4%-... that is, equal to or lower than forecasted, then it is very likely to expect growth in all markets SP 500, cryptocurrency, and others. 2. if they announce 6.6% and higher, it is very likely that the markets will again capture the pessimistic mood Today's growth of the BTCUSDT price stopped before the high of 14.12.22, probably a certain number of shorts' stops are hidden behind it. Increased volatility and positive inflation dynamics can easily break these stops and accelerate the price of BTC to $19000. Above is the trend line, breaking through it will mean continued growth to $20,000 If you look globally, then in our opinion, the growth trend is just emerging. On the other hand, the markets have been in a downtrend for a very long time and new and aggressive buyers are not very noticeable in the markets. Therefore, if "something goes wrong" with inflation, as predicted and expected, asset prices may go again, at least for correction. The option of a continuation of the BTCUSD price correction in a narrow range until the end of January fits nicely into the fractal price movement that we published and described here: And already on 01.02.2023, a new FOMC meeting, where the "fresh" Fed rate will be announced This can push the financial markets in the "right" direction. We keep our fingers crossed 🤞 that now the growth trend is just emerging and the most interesting is yet to come. By the way, over the past 2 weeks, the capitalization of the cryptocurrency market has gained "fat" +/-100 billion, more than + 10%, not a bad result, which has not been for a long time. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
BTCUSDT - pending Inflation. The expectation of a short- Came to the area I marked in the video here -https://www.tradingview.com/chart/BTCUSDT/g0HMDQc6-bitcoin-nachalo-bychbego-trenda-2023/ here- here- I started longing since January 22 The markets are coming alive because of the injection of money into the economy through military companies that produce weapons and so on. written here money injection Now it's more likely to see a correction than an acceleration. A big sign of this: a friend I wrote to 2 months ago who I told to buy crypto and invest in the market. But he only matured today. He says he wants to buy (haha, bitcoin is up against resistance, I am waiting for a pullback price, but he wants to gain a position). What else to add: Broke through the trending orange. But there was no test. So we wait for the retest a trendline. If it confirms the breakthrough. Then we will see in the near future 30k prices on the Father *BTC* . What are your thoughts?
by Artem_Dishel
2