BTC 2h Analysis 12 dec 2022In my opinion, we will have a slight drop to around 15600, which is clearly visible in the chart. Of course, this drop will be done in the 4 targets you see in the picture.
Be successful and profitable!
Bitcoinforecast
BITCOIN 1h Update 10 December 2022Good day! Artem here with analysis update on Bitcoin at 1 hour TF. Here are my predictions for the price movement in the following week:
Today, BTCUSD is most likely going to move in a sideways motion about $17000-17140. Expecting an upward breakout on Monday, December 11 with a conservative target near $17400–17500.
Notice my stop loss on the chart. I consider this as a bearish takeover point.
Epic Fail of Bitcoin in logarithmic Regression [Weekly]Hi everyone,
There has been many references to the weekly logarithmic regression of Bitcoin that claimed it never failed from the time of its creation by Satoshi Nakamoto. it has been promoted on social media for a long time by serious advocates such as PlanB or many others on twitter.
But as you can see on the chart, in November of 2022 the logarithmic regression failed to support the price for the first time in Bitcoin history.
Bitcoin is relatively a new class of asset in comparison with Gold for instance and I believe one should be very cautious with it in regard to its short history, especially in times of a possible recession.
FYI, Logarithmic regression is a type of regression used to model situations where growth or decay accelerates rapidly at first and then slows over time. more in-depth elaboration of its math and logic is available at : heartbeat.comet.ml
Please manage your risk responsibly and make informed decisions.
Good luck!
Bitcoin is still bearish!Hello, everyone!
First of all I have an announcement for haters and trolls. You can laugh on me that I was sure that the Bitcoin price is not going to break $17080, but it did. I admit my mistake and understand that need to continue study Trading Chaos or any other approach if this does not work. My purpose in this blog is to show you my trader’s way. I think most of you still remember my stupid opinion that $26k was the bottom based on absolutely nothing, then I have not been aware of Elliott wave analysis. Now I can correctly predict most of major moves, but on local time frames I am still the noob.
Time to analyze the market. Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. First of all let’s notice the supply and demand lines (or support and resistance trendlines if you want). Bitcoin has easily reached the demand line, but has not enough power to reach the supply one. It is the sign of weakness. If the price will not break through the local high at $17400 next couple of days I am going to use the Elliott waves scenario which is pointed out on the chart. The pump which sent me to the books again could be the tricky wave 2 and if it’s the case the impulsive dump is about to happen.
If the price break $17400 I am going to recount waves again and think about my mistake. What about trades? I am in short from $17300 – nice entry that’s why I don’t want to close this position and is going to enhance it in case of the new pump.
Best regards, Ivan
Bitcoin Rejecting at Resistance! Will it Crash?The 4h chart for BTC is still playing out perfectly. You can see it rejected on the 200 EMA (pink line) and recently rejected at the horizontal resistance of $17,167.
I'm expecting Bitcoin to at LEAST retest the bottom of our upwards channel at $17,000 and possibly falling to $16,736 (with a dip lower to form a bullish divergence) then bounce to retest the $17,167 resistance.
If Bitcoin breaks above the 200 EMA, I'm FULLY expecting us to test the next MAJOR resistance of $17,640.
If you enjoyed my TA or have any questions on the indicators used, please leave a comment below or send me a PM :)
BITCOIN: STRONG BUY SIGNALstrong buy signal on weekly divergence indicator
price can go up in the next months
Financial Wave. BTC m15Bitcoin has consolidated above $17,000, which confirms our priority scenario. Growth to $18000-18800 looks most likely. A drop below $16,500 cancels this scenario.
BTCUSD 1DAfter breaking the range of 18,360 to 17,650, the price is pulling back to this range, and it is also in a descending channel, now it is expected that the price will complete its pullback and then continue to fall, and the targets of 13,870 to 13,000 (orange box) and The next target is the range of $10,560 to $9,800 (green box) available
💥Bitcoin to rise to $20k before a dump below $15k#BITCOIN (UPDATE)
Clearly shown on the chart is bearish breakout from the trendline support and a pullback in play. When the pullback is complete, then another drop below $15,000
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
BTC/USDT - Short Setup Brewing?🔮💰Looking at the Bitcoin 4h chart, we've mapped out some key level and a potential short setup. 📉
The first being the 17.3-17.4K resistance. If we work up to that area, it might be worth looking at some shorts.🔨
A move back down to 16.9K or lower in the near term would be ideal.
If we do leg down beyond that, we might be in for a serious leg back below 16K, into the 15K range.
Macro environment will also be at play here with the PPI #'s coming in pretty ugly. 📰
It will be interesting to see how we close out the last month of a brutal 2022 for all markets.
As we say in almost all of our breakdowns, we think 2023 will be pretty ugly and recession is HIGHLY likely.
Only time will tell. Stay safe & eyes peeled out there on the charts! 👀
-TucciNomics
Chief Overlord, AlgoBuddy
Bitcoin will take another upward move to 20Kthe big falling wedge will bread soon toward the upside
this is my opinion but not a financial advise
BTC: Ascending Wedge w/ Liquidity TrapHere is the second part of my "There will be blood" chart (check it out below), which accurately forecasted the next redistribution event for BTC. It's becoming a familiar occurrence: an unmistakable ascending wedge pattern emerging with dominant supply expansion in the pullbacks presupposes more downward action to come, but perhaps not before a quick liquidity grab to the north. Since July there have been a myriad of rising wedge redistributive ranges in the PA. This appears to be yet another.
** If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not financial advice. DYOR and trade at your own risk.
Bitcoin buy (long term investment)I position myself as a scalper in the forex market, but as many other traders, I'm interested in Bitcoin as the main tool in the crypto market. Therefore, I consider investing in Bitcoin only for a long-term period.
By looking monthly chart we can see two clear break of strucures (BoS). So I'm looking for buys.
The next step I draw my point of intrests (POI) which are 50% and 75% of high and low of first BoS (red purple circles). That's my buy zone.
Then I build Fibonacci extensions from highiest levels and I've notiesed the main key level. It's just near my buy zone (50%). With high probability price will reach my first entry - 6940.00
I also recognized that there is liquidity (LQD) line (from 2972.01 till 3955.25). Half of the liquidity range falls under my second long entry (75%) so most likely is that price will also reach my second entry - 3470.00 for 1 Bitcoin.
Let see how it will work.
Good luck to everyone;)
Bitcoin Right Now looks like when Bitcoin was at $32,000 Price is behaving similarly to when Bitcoin was at $32,000, lots of bull traps then a huge drop to $20,000 I think we could soon see $10,000 for Bitcoin.
Drop to $14,000 for Bitcoin SoonI cant predict or know how price will go but I have a strong feeling we wont be making any more highs now, this pump was the highest we will see bitcoin for a while. We could see another pump but I would short.
I highly doubt we will break above the white semi circle as there is strong rejection from those levels.
NFA, do what you believe at the end of the day.
Bitcoin Will Hit 100k Bitcoin MARKET UPDATE
Bitcoin support levels - 17000$ and 16500$ strong Support
Bitcoin resistance - 17500$ and 18000$ strong resistance
———————————————————————
Analysis -
BTC Support is at 17000$ and 16500$
Resistance is at 17500$ and 18000$
Trade carefully and manage your risk according to mentioned support and resistance levels.
Looking at 1 hour timeframe, currently Volume is slightly decreased Currently BTC RSI is at 67.95 BTC dominance is at 40.65 and Total Crypto Marketcap is at 858.3Billion
Bitcoin – bears dominate below this levelHello, everyone!
My last call was quite accurate, after trendline resistance Bitcoin has started it’s dump, but today it faced with difficulties to break down the strong support. Today I defined the invalidation price level and first target if I am correct.
Let’s take a look at the 1h time frame BTCUSDT chart of the WhiteBit exchange. Bitcoin has finished the upward Elliott waves cycle at $17300 where I opened short. This cycle represented wave C of higher degree. Hence I considered that the market is about start new impulsive wave to the downside. Now I suppose that wave 1 have been already ended, wave 2 was represented as the flat correction which hit exactly 0.38 Fibonacci level and dumped to $16700. I think it is the wave 1 inside wave 3. Current bounce is the wave 2 inside wave 3. The most rapid dump is about to start if I am correct.
If you have not still executed short trade, I think is is proper time to do it. Stop loss is tight. Potential reward is great. If I will be wrong it means that Bitcoin will break the $17400 local high and I am not so good as I think about myself and will continue studying trading chaos (of course I will continue anyway).
Best regards, Ivan
BTCUSSDTForming Falling Wedge In Daily Timeframe
After Upside Breakout Can Bounce Massively
Wait Patiently For Breakout
Its Not a financial advice Do your research Before Taking any Action
BTC Possibility part 2 BTC getting local resistance and volume is dipping. Its still above trend line and forming a triangle pattern but has been respecting it but its too much glued to the lower side. Any Volatility can break it and push BTC to re-test Trendline again. BTC dominance has a resistance at 40.3 so we might see BTC dominance head down which might push BTC further up. Overall the sentiment is still bullish.
Bitcoin Bounced As Predicted! What's Next?From our previous idea, we can see that Bitcoin played out perfectly :)
BTC bounced off of our upwards channel and continued to the 200 EMA (as we previously predicted). Now I'm watching to see if it can break above that 200 EMA (17,300 level). If not, then I'm looking to retest the bottom of the channel again (16,800).
If Bitcoin does break the 200 EMA then I'm looking for it to touch the 17, 640 level (major resistance).
If you enjoyed my TA, please leave a comment or send me a PM :)
Get the Picture?this chart should fill in quite nicely over the years, looking forward to watching it progress, and will be documenting all the way to the top
BTC Overbought Distribution & Volume Spread AnalysisThis is an expansion on my previous Wyckoff distributional schematic. On this chart I've highlighted the regression trend, starting at the top of the UTAD and following the waves down to the second LPSY re-distributional consolidation. At the top of the macro trend are overbought areas where the MMs are dropping supply to strangle the army of weak-handed retail longs. If this schematic plays out, this LPSY (#2) should mitigate the PSY point in the last markup before the price drops out of the present trading range and freefalls down to the lower Fibonacci retracements.
The VSA reads support distribution as well. Intra-range we saw clear supply predominance, with the systematic shrinking of demand as the TR consolidated. Now, in the regression trend, the volume is again confirming the bearish bias with expanding supply in the pullbacks and diminishing demand in the upthrusts.
** If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not financial advice. DYOR and trade at your own risk.
Financial Wave. BTC m15Our priority scenario is confirmed by the growth of Bitcoin. The price of BTC may reach the range of $18000-18800 in the next few hours. Bitcoin price drop below $16500 cancels this scenario
