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Bitcoinforecast

Adding onto my BTC position from 17,350 10x leverageI am doubling my position on my trade from yesterday. My current entry price is 17,057 USDT. We'v now broken down to another major support area, but this time we see the 4-hour chart start to consolidate in many different ways. Our CM_Williams_Vix_Fix Finds Market Bottoms is showing a heavy floor. Our momentum indicators, TSI and MACD, are starting to flatten for a convergence on our 1-hour chart *chart shown is 4-hour* I may add onto this position as time goes on.
BITSTAMP:BTCUSDLong
by WatsonsView
5
BTC Downside TargetsDownside for BTC is easy to see. Lost the most recent levels and theres no support until the 14k. Wouldnt be surprised whatsoever to see lower than that with all of the CZ fud at the moment. Word on the streeet is the tether fud is also real but that comes back every season. If binance falls we will probably fall to the extremes. 5k is realistic even though people dont want to say it. Hopefully the bulls can come back and hold this thing around the 11k range. Wicking down to 6k is realistic. If the momentum is strong i would keep your eyes peeled for the 3k range of previous lows. Look for untested levels below dont be surprised if they hit. Personally 13.8k is imminent at this point. Unfortunately 6400 is the next strongest support if that is lost.
BITSTAMP:BTCUSDShort
by largepetrol
2
BTC Respecting Our Support and Resistance Levels!As you can see from our previous post, BTC rejected from the top of our upwards channel on the 4h (combined with a sell signal from Wave Fusion) and bounced PERFECTLY off of our 200 EMA and horizontal support at $17,300. This was the level I mentioned in my last idea and it's good to see it come to fruition. Now I'm expecting Bitcoin to climb back to $17,640 and retest that resistance before a second visit to $17,300 for a possible double bottom. If we break $17,640, then $18,200 is our next target (top of the channel). If we break our support at $17,300 then $16,700 in the next major level of support. If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a PM :)
Long
by CryptoScripts
2
WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is... There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
Short
by BIG-BLACK-CRYPTO
Bitcoin has no reasons to grow?Hello, everyone! After reaching the maximal target for the local corrective wave 4 the Bitcoin price started to decline. Yesterday most of analysts changed their mind from bearish to bullish and after today’s dump as I can see the number of bulls has even increased. Do we have any reasons for optimism? Let’s take a look at the 4h time frame of BTCUSDT chart of the WhiteBit exchange. Here we have the clear range bounds. Earlier price formed the deviation lower than range’s bottom, yesterday we saw deviation to the upside. Moreover we can see the some kind of support and resistance trendlines. Bitcoin has formed the fake out to the downside and yesterday was the fake out to he upside. I consider that there are no more liquidity for the growth and BTC has the only way to the downside. If the price will break support trendline to the downside the huge crash is incoming. I am sure it will. Expect local bounce with the further dump. Best regards, Ivan
Short
by Skyrexio
19
BTCUSDT 15 % pump possibleThe price created beautiful ranges that you can observe on 4h timeframe. Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position. Entries, Take profit levels and final target for this trade are shown in the chart Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000. Good luck
Long
by vf_investment
14
Bitcoin and 10k all but guaranteed?Looking at the Weekly Bitcoin chart. We've mapped out a key level that Bitcoin shattered down through with the FTX news, but has since failed to reclaim and break back through. FTX collapse aside though, we can see that this 18K level is where Bitcoin skyrocketed past in late 2020. Thanks to Uncle Sam's stimulus checks of course... Over the coming weeks, this 18K level will be a strong indicator if we'll see more pain ahead. Bitcoin wasn't able to hold the 18K level it blasted past this week. The 10-12K range seems to be calling Bitcoin's name at this point. Combine that with CPI, the FOMC/FED and Powell's stances, the bearish sentiment has no reason to go away. Inflation came in lower (despite still being at 7.1%), but as Powell stated, they'll be continuing to hike until their targeted 2% level is achieved. We'll look for nice trade setups on the way up or down. As you should be too. Eyes peeled out there. -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
1
Bitcoin bullish short termThat could be it for the bitcoin. The emotion in the bitcoin market is very high, especially in the bearish phases. Let's not let that get in our way and look at the technical factors of bitcoin - more specifically, the Elliott waves. According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii), the 1.618 extension and is currently building a clean 5divider. When bitcoin crossed 18060, I could hardly believe it. Right now we are in the (iv) of the i, so it will go up a bit before the next correction. We will probably reach the 300% extension at 19863 before correcting again. Are you invested in bitcoin? When do you think bitcoin will go up again?
BITSTAMP:BTCUSDLong
by DavidJankowski
Wave Fusion Called The Short on BTC!Looking at our BTC chart on the 4hr timeframe, we can see Wave Fusion called the short perfectly which also coincided with the top of our upward channel! This was a huge fakeout for a lot of people because initially they thought the FOMC numbers were good but it turned out the FED is still hawkish for 2023 and actually raised their expected numbers (hence the reversal). Now I'm looking for $17.6k to hold as support. If it doesn't, then I'm looking at $17.3k to be the next major support level since it also coincides with the 200 EMA (pink line). I'm still expecting the top of the channel to act as resistance and if we manage to break above that, then $18.7k is our next target. If you enjoyed my TA or want to purchase any of my indicators, please leave a comment or send me a PM :)
Short
by CryptoScripts
2