BTCUSDExpecting a another bears are in control ! sell wall activated . In upcoming days or weeks we can expect btc towards 14k and 11k$ , be safe guys :)
Bitcoinforecast
BRC Bitcoin Bearish Chart PatternBTC Bitcoin is in a Bearish Flag Chart Pattern forming a regional Double Top.
My price Target is $16675.
Looking forward to read your opinion about it.
Bitcoin Analysis 16.12.2022Hello 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.
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Bitcoin to pull back in the next few daysBTC will pull back to 16100 to 16300 level and bounce back up to 18500 level. If the recent price action repeats we will continue with the sideways action and slowly move up as accumulation continues.
BITCOIN 15 MIN BREAKDOWNHELLO AGAIN TRADERS, HERE IS MY MORNING BREAKDOWN
Currently I see three interesting levels for us, as I wrote yesterday evening again during the Asian session there was a bigger move which however caused the market to open itself. When I look at the overnight volumes there were substantial orders around $16560 from where bitcoin fell, its first stop was around $16419 and then made a short term bottom around $16100 - $16175. Then the last orders where I see a support zone are at $15800.
In between these zones as I marked in the chart on the right you can see that there is a gap of trading volume so Bitcoin just flew through there last night but the markets tend to fill these gaps back in and take orders from the top where there is liquidity.
Therefore, I would say today we will go back to the $16419 level and that is where we will decide if we have made a bottom for a short-term uptrend in December at where we are currently or from $16419 to $16560 we will go into a short again.
There will be very little volume in the London session at the moment, I can only go long when we get back to $16160 - $16180 from there we will bounce towards the last volume at $16419 and above, although the dollar fell on the London opening and Bitcoin didn't get much traction.
BITCOIN 30 MIN BREAKDOWNGreetings dear traders, have a nice day
Yesterday and today there was low volatility on Bitcoin which may again change the end of the weekend and the beginning of the new week in the Asian session when we see crucial short-term moves and trend setting lately
Interesting on the chart for me at the moment is only one level $16945 where the short term will be decided, I would like to open short to $16500 to $16400 on a close below and there a continuation of the uptrend that is giving us the current sentiment would be much more logical
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.
Mid term falling down continues
According to what it is shown in BTCUSDT chart, we see double top pattern which its maximum classical bottom is around 10K and fibonacci level 38.2% around 10K, also and finally a very strong support and demand block around 10K.
So we should see continues falling down to 10K for next 4 to 6 months at least!!!
Financial Wave. BTC m15BTC.
The price of BTC fell below $17357, and we considered this mark as the level of cancellation of our priority scenario, we adjusted it. At the moment, Bitcoin is declining in wave (ii), the downward movement looks complete or almost complete. A fall in the price of Bitcoin below $16,563 puts this flagging option at risk. Rise in wave (iii) to $19293 is our priority scenario.
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.
FAKE BREAKOUT ! Seems like the BTC still have not break the resistance yet. The market still playing around that. We have to look over the support. If it going more down or break the support. Then we are still in bearish mode
Storm on Horizon A storm seems to be brewing in the wider crypto market. All assets that were out preforming are now looking to be topping out and the rest look very bearish. Bitcoin has painted hidden bearish divergence on the weekly against the MACD and looks ready to collapse on the 4H chart. The move could bring us much lower to one of the dashed support lines on the chart.
BTC current structureBTC in a potential cup and handle formation.
After forming a triple top, shes entered a downwards channel with multiple clean touches, a break below would likely be aggressive.
Breakout up will revisit triple top area around 16,8 with 17k above, thats where we will observe for a breakout or rejection.
Will update.
BTCUSDTIt is still trading in the range between 18,200 to 18,000 and 15,722 to 15,610 (orange box). Also, an ascending channel is formed and breaking the bottom of the ascending channel can bring the price to the bottom of the range and pursue green goals.
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 $16,700 in the next major level of support.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a PM :)
WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is...
There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
BTCUSD BOTTOM NEARLY REACH?According to my previous forecasting, I was confuse and count it wrong, Now look like the winter almost end, The last target of wave C of Irregular flat is 161.8% of A which is around 10,600$
Does the end of winter is soon? who knows.
BITSTAMP:BTCUSD
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
BTC Short. Here is why.Alright here is a much better analysis. What do we see here?
Rising wedge have tendencies to break out 68% of the time, if this rising wedge breaks out there will be a bigger down trend.
With the fib laid out we might have a retracement down to .618 which is about 16600 which will be retested and come back up to around 17200.
This will form a double top which will send BTC down to 15500. What do you think?
BTC Short? Where to?Cheers gang.
Let us briefly take a look at BTC. What do we see?
Is that a rising wedge? Rising wedge is forming that will break out and send us potentially to 15,500. Take a look at let me know what you think.
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
