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Bitcoinforecast

BTC Still Below 3 EMAs! First of all, MERRY CHRISTMAS! Hope you enjoy the TA :) Looking at BTC on the 4h, we can see it's still under the 50, 100, and 200 EMA: Pink - 200 EMA Blue - 100 EMA Purple - 50 EMA Until we break these, my bias still remains to the downside. Now there's still support at 16.7k, so whichever move we make, it will be violent. If BTC breaks to the downside, we're still looking at 16.3k as our next level of support and where I'll start to DCA. If we break to the upside, 17.3k is the next level where I would be looking for a short, follwed by 17.6k. With all of this said, if you want to place a long, you could place it here with stops at 16.6k, or wait for a short at 17.3k. I would not try to trade anywhere in-between. If you enjoyed my TA, please send a boost my way and comment below! :)
Short
by CryptoScripts
2
Bitcoin Analysis 24.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis:
by basictradingtv
12
Bitcoin Bull Flag 1HAs you can see we formed a symmetrical triangle on the 1H chart for Bitcoin and perfectly broke down by the height of the triangle. Following that we saw a v-shaped recovery and now we can see a bull flag is forming for BTC, and although bull flags have a higher probability of breaking to the upside, we saw a death cross on the 1H with the 50MA and 200MA. In conclusion, the volume that will come after Christmas will determine which direction we can break out, and the potential targets are shown on the chart above.
BITSTAMP:BTCUSD
by CryptoKidCMT
The Best Historical BTC BUY/SELL signalHistorically speaking, on a monthly chart of Bitcoin Index. Hidden Bullish divergence (H Bull) has always been printed at the market bottom and Bearish Divergence (Bear) when market tops. Looking at this chart you can see we're still waiting for it to print H Bull on monthly. I have been following this for the the market tops and bottom and this is not some "magical" indicator. It is the basic signal which has been used and tested through out the history of trading! I'll be updating when it will print the H Bull. Although, you don't need an indicator of this. Is is a very simple concept to learn and you can google but make sure I have seen a lot of false information out there as well. Also, the monthly momentum shown by red and green waves is still red which indicates selling pressure and no indication of Buying pressure yet. Looking at the most important part of trading, the Price Action. The next strong demand area is 13k to 9500, seem like BTC wants to go there. Let's move to Macro Economics, If you compare FED pivot with S&P500 or even DOT COM bubble. The indexes fell even more after the pivot and rn we're not even close. So, let's say even if FED pivot and interest rates starts to go down, still, the risk assets will down for a while before getting reversed.
INDEX:BTCUSDShort
by The3eyedFrog
5
#BTC macro analysis for the coming year🔸What would be a 1st sign of bottom? I would like to see a sustained Higher high on the weekly timeframe to really start thinking about a bottom formation. Similar to what happened in 2015, 2018/9, 2020 🔸New lows ahead? Currently it is difficult to imagine cases that could lead to new lows (big drops not 10$), that is, events like FTX, LUNA, etc. If something new happens w/ a big player, it would be another black swan very hard to predict & even harder to measure the impact 🔸 Where is the money? Today the market seems expectant of something that will boost it & wake it up (FED?) and take it out of the catatonic state. Retail seems dead & without interest on the market. Worldwide inflation make it difficult to get exposure to risky assets Institutional that were part of the ecosystem were hit hard since they all seem to be or were a scam (Proof of reserves needed as some act of transparency) And If they were not involved yet, they dont want to get in today either (fear to get stuck or related to some new scam) So pretty much thats it, wait for a HH that will surely bring a HL that will the last chance to get in closer to the bottom. In the meantime, keep stacking sats (maybe at a lower rate, just in case!) and stay safe!
BITSTAMP:BTCUSD
by CryptoNTez
1
BNB Price Update: Inspecting a Rare Flat Corrective PatternBinance Coin's (BNB) weekly chart printed a long-term corrective flat pattern following the sell-off from May 2021 all-time high. This is rare corrective pattern, so let’s review this pattern and why $200 is the most significant BNB support level. BNB Regular Flat Based on the Elliott Wave theory, a flat pattern is a 3-wave corrective pattern with a 3-3-5 internal wave structure. Down from the all-time high of $704, wave A ended at a $211 swing low, and the corrective wave B ended at a $696 swing high. Third wave C has been unfolding down from the $696 swing high in what is almost always a 5-wave structure. Here we can note an exciting price development: while wave C already extended beyond the wave A low, the internal subdivision only shows 4 waves. Usually, the last wave in a 5-wave sequence breaks beyond wave 3, but sometimes the fifth wave fails to move beyond wave 3 in an anomaly known as a truncated fifth wave. This makes the whole BNB corrective pattern extremely rare. BNB Support Level The $200 level plays a major role in the whole flat pattern because, on a weekly closing basis, both wave A and wave C couldn't break below that level. While wave C extended towards the $183 low, it could not break the $200 support. In the short term, as the price approaches the apex ($200 support level), the 20-month corrective pattern may be near its completion phase.
BINANCE:BNBUSD
by cryptohopper
Possible Bitcoin price trade in the coming daysLast week in the BTCUSDT idea, we presented you our vision of a possible medium-term fractal Bitcoin price movement until May 2023. Also, there are our thoughts about capitalization, the flow of various indices and rates on crypto, and when altcoins will finally start shooting. In general, not a bad longread, who has not read it yet, welcome: Since the BTCUSD price is currently moving well in the fractal from the idea above, we want to present a possible modest but balanced trade for the Christmas weekend: Entry around - $16661 Stop below - $16374 Take profit at - $17674 Profit/loss ratio - 3.5/1 To all who will celebrate Christmas on the weekend - Merry Christmas And also, to all of us, profitable and balanced trading in these difficult times. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
42
Bitcoin is following my plan!Hello, everyone! Last time I told you that we can wait for the another one leg down as a wave 5 and zigzag ABC. After that we saw exactly this price movement and yesterday I temporarily closed my short at $16640, I plan to re-enter higher. The considered Elliott wave formation I drew on the price chart and I am 99% sure the 5 wave cycle was correct, I told about it in my previous analysis. After that the BTCUSDT printed the wave A and yesterday before I went to sleep I saw that the price reached 0.61 Fibonacci retracement of the wave A and showed the bullish reaction. I decided to not open long, but closed short. It was the wave B. Now the Bitcoin is printing the wave C to complete the wave 2 of higher degree. The target for this wave is 0.5 Fibonacci of wave 1. I chose this Fibonacci level because the liquidity pool is located there. There was the imbalance candle, which usually should be tested before the downtrend continuation. Best regards, Ivan
by Skyrexio
16
🚨BITCOIN: Will The 60 Min Pattern Maintain The Bullish Volume?🚨Bitcoin: Will the 60 min pattern maintain bullish volume? The crypto market in general is not in very good trading conditions. Speculation and manipulation have been very high and this market is barely recovering. During these days I noticed that the price stopped the downward movement and in fact, the price is above a small bullish flag pattern. If this flag pattern will be shown to be correct and the volume accumulated was real, we could see the price rise again in the short term. Targets: 🎯 17035 🎯 17325 Thanks and good luck!
Long
by KlejdiCuni
10
BTC Trying to Break the 50 EMA! We're currently in a very tight range for BTC with the majority of levels being resistance. On the 4h I currently have three moving averages: Pink - 200 EMA Blue - 100 EMA Purple - 50 EMA As you can see, the purple line (50 EMA ) has acted as resistance for BTC since Dec 20th on the 4h, along with the 100 EMA. The thing we have to realize is there's also support for BTC right below it at 16700. Looking at the indicators, we can see this: 1. RSI had a sharp bounce to the upside recently and is looking to break the signal line (bullish) 2. MACD is starting to flatten out and looks like it wants to cross up (bullish) 3. Above the 50 EMA , we also have horizontal resistance at the 17300 level which coincides with the 200 EMA With all of this said, my bias unfortunately leans to the downside (4 levels of immediate resistance w/ horizontal and EMAs vs 2 levels of horizontal support at 16700 and 16300). In saying that, BTC is right near support so it's risky taking a short, but you could play your stop right above the 50 EMA at 16900 and set your TP at 16300 for a 3:1 reward to risk ratio. NFA. If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
Short
by CryptoScripts
4
BITF will pump hard (but not yet) - 270 % profitBITF similary to other bitcoin mining stocks has been in a downtrend since 2021. Bitfarms Ltd., founded in 2017 and is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop to retest lows from 2020 and next the accumulation phase before the explosive move up. RSI on weekly is already pretty oversold but taking into an account bearish sentiment overall, most likely we see one more drop. In our opinion this stock is very undervalued now. Once crypto market starts recovering, we expect this stock to recover fast. Bottom for crypto market may be not far away (Many analysts believe that the bottom on BTC will be around 10k-12k $) therefore accumulating BITF may be a good idea too. Good luck
NASDAQ:BITFLong
by vf_investment
COIN Coinbase: Where Is It Headed?Hello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange. Please review the chart as it is self explanatory. The overall pattern is a bearish one so there is concern for potential downside. Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), MACD, and Fibonacci Retracement. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Have you read my recent Bitcoin chart and analysis on finding the bottom. See 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
NASDAQ:COIN
by MillionaireEconomics
3
Bitcoin could rise above 20k in medium termBack at the beginning of November, Bitcoin has broken under important 18k zone support and had 2 or 3 spikes under 16k. The drop was expected, considering that it was the fourth month of consolidation before the break. However, the main crypto didn't continue to drop as low as one would expect and instead bounced back up from 16k. This for me is a bullish sign and a relief rally could come next. Technically, 16k offers support, and 18k and slightly above zone is resistance. In the eventuality of a new rise and test of this resistance, I expect a break above, and bulls could look for a rise to the next important level at around 21k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
4