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Bitcoinforecast

BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% BTC, 40% Cash. * SUNDAY SCARIES WATCH . Cryptos are relatively flat with a bit of upside as we get halfway through the weekend. With no really important economic data or events happening until CPI on 12/13 and the last FFR hike on 12/14, we could see a nice little run in Equities and Cryptos this upcoming week. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently forming a Bull Flag pattern after breaking the previous Ascending Triangle pattern as it trends sideways with a downward tilt at $16974. Volume has been shrinking and alternating between buyer and seller dominance for the previous five sessions, this is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $17180, this margin is bullish. RSI is currently trending up at 48 after forming a soft trough at 46, the next resistance is the upper trendline of the descending channel from January 2021 at ~58. Stochastic remains bearish and is currently trending up slightly at 88 as it attempts to form a bullish crossover at 92, it's barely clinging on to the 'bullish autobahn zone' (above 90). MACD remains bullish and is currently testing -232 minor resistance. ADX is currently trending down at 37 as Price is trending sideways, this is neutral at the moment. If Price is able to push up from here then it will likely test the 50MA at ~$18300 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (two consecutive closes below) $16600.
COINBASE:BTCUSD
by dailytaguy
Bitcoin - Elliott wave count to the bottomIn this 4-hour chart I consider the Elliott Wave count and what this might mean for the current posture and ultimate low. I also point out a prior line of resistance is as yet unconfirmed support and the break above the neckline hasn't manifested in bullish confidence or volumes. In doing so I feel I might have answered the question I posed in the last post, identifying that the iH&S reversal pattern is more likely a fake-out than a break-out. What do you think? Are we now entering a final wave 5 of the impulse lower, or is my count wrong, support lined don't need confirmation, volume on bullish indicators is insignificant, and BTC is now unstoppable?
Short
by Crypto-Swing
1
The fearless minds of strong men!Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high. Through virtue and passing knowledge to one another while working together the steps to greatness have been achieved over time. In our modern world many things have changed but our senses remain the same. Fear still has the same effect on us, it makes us do irrational things. Decisions made under emotional distress has always led to the same results through out eternity. Another quality these men had was to go where others had not or dared not. Once again fear, fear of the unknown. Travelling the path less travelled. If the path is less travelled than by default there is more new things or ideas to discover. Having said all of this about conquering your fear and being bold, another thing all these great men had in common was preparation, organization and contingency plans with alternate strategies. Preparation and plans are tools to control your fears and emotions. This brings us to to Aristotle. Arguable one the greatest teachers of all time. He said "We are what we repeatedly do. Excellence, then, is not an act, but a habit." So... making small gains in investing is the longer march to victory. He also said "those who know, do. Those who understand teach." Aristotle taught Alexander on a face to face basis for approximately 7 years. Alexander then went out to find his destiny saying, "There is nothing impossible to him who will try." On to Julius Caesar and his famed glory, he always looked to match Alexander. Some of His famous quotes are "Without training, they lacked knowledge, without knowledge, they lacked confidence, without confidence, the lacked victory." Once again, preparation... with that preparation he was then led to say another famous quote, "I came, I saw, I conquered." Trading view understands this as well and they have the same outlook. "Look, then leap." This a climbing the mountain outlook. At the end of the day it's the same thing. Investing is very similar to preparing for battle or for a difficult climb. Investors are both your allies and enemies just like the terrain on a climb or the battle field . It's up to you to figure out and know when to push and when to retreat. Looking back at history can be insightful to say the least. When we look at charts we are looking at what has past before and look for the similar patterns. This too is not new knowledge (history repeating) it's age old information but a lot of people today are blind to it. King Salomon quote in ecclesiastic eludes to just this. "What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun." History is cyclical it always comes back around in some form or another. Another great quote from Salomon is " words kill, words give life, they're either poison or fruit... You choose." I have added the CM_Williams_VIX to the chart. On the monthly it has done some interesting patterns in the past, take a look. So... Choose your destiny, it's up to you. What ever road you choose... be blessed, if not one way, another, and always make the best of what comes your way. Thanks for looking WeAreSat0shi Stay Blessed!
BNC:BLXEducation
by WeAreSat0shi
1
Bitcoin Analysis 02.12.2022Hello 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!
by basictradingtv
4
#BTC/USDT Massive Rally Ahead! ARE YOU PREPARED??BITCOIN:- So far we have seen a rejection around the $17k level. Good thing, BTC broke above $16500 which is now the support. Any dip for me is a buying opportunity with a Stop Loss below $15880. IMHO, There's a massive rally coming soon this month. This low volatile PA is an indication that a high volatile move is coming. Like they say, Calm before the Storm! BTC can touch even $25k! Be sure to get positioned into BTC if you think the same. BTC can easily break $18.4k and above. Do not go with the herd and wait for $13k right now. I could be terribly wrong but the chance is small and so is the Risk Reward Ratio. This is all logical reasoning and as you know all the bad news has already been sold all the way to $15.4k. This is the level we discussed when BTC was trading at $19k. INVALIDATION:- Daily close below $15.4k. So, DYOR. This is not financial advice. Please Hit the like button and share your views in the comment section. Thank you PEACE
Long
by Cryptorphic
6
BTC LONG BREAKDOWNHELLO TRADERS, IM HERE WITH BTC/USDT LONG TODAY !! Very slow London session today. All eyes are on the US data being posted this afternoon. Strong data could increase the FED’s decision of a slower pace of recovery, also affecting the price of the dollar. Today, I would definitely look for long positions on BTC and ETH that could confirm the current uptrend. If BTC goes below $1710-20 today it will not sustain the current trend and will be a washout to around $16875 I will keep you informde, SEE YOU SOON
Long
by Crypto-Frantisek
BTC - What December Holds HistoricallyHi Traders, Investors and Speculators 📈📉 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. 👩🏫 In today's analysis, we take a look at Bitcoin over Decembers from the past. Which direction does the price usually go, bullish or bearish ? It's no surprise that it seems to be a near equal amount of months up vs. down. Over the 11 months observed, we notice 6 green Decembers and 5 red Decembers. This makes probability near equal. However, we could take a look at a few other interesting observations: 💭 Highest increase for Bitcoin was +58.92% when the lowest decline was only -33.15% 💭 More often than not, two months of the same color follow 💭 The biggest yearly increase was during December 2012 - December 2013 with a whopping yearly increase of 9,899.19% 💭 The second biggest increase after that was from Dec 2016 - Dec 2017 with +2,681.15% 💭 The biggest yearly decline was from December 2017 - December 2018 with BTCUSD losing -84% The crypto winter that started in December 2018 was one of the worst yet... But with the industry under pressure, could this year be the new record? IF BTCUSDT were to drop to $11 000, that would be a -81% decline from last December. From all the above... Which way do you think the price will go during December 2022 ? _______________________ 📢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
BITSTAMP:BTCUSD
by CryptoCheck-
41
Are the bad days of crypto coming to an end? List good cryptos Almost 11 months ago, I suggested that if you haven't left the market yet, it's time to sell your cryptos. Some of my colleagues thought I was crazy, but some who were more experienced had realized the reality even earlier than me. "WE WERE IN EUPHORIA STAGE" As if crypto traders were drunk. With sincere thanks to @LewisGlasgow According to the idea I've published on tradingview.com I've sold my holding gradually and start to take more short positions than long ones! Now I believe we are around dip of the market! We have seen effect of halving before, I think it is going to work well for crypto holders in around 2 years. The only bad news is war! China threatens Taiwan! Islamic republic may attack Persian Gulf neighboring nations and the most important one is Putin invasion of Ukraine. I wish peace for the world and I also wish people stop crazy dictators soon but unfortunately this war seems to be continued. The other good sign is last super bearish week of BTC! Yeah you may be surprised but it's almost a good sign! Of course, this phenomenon is so rare that it cannot be a decision reference for the market, but it can help us to be more confident if we have the stronger reason to buy (Halving) . Just before 2019 and in early weeks of 2020 two super bearish weekly candles was observed under moving averages of 20 and 100! in those candles we see a net bearish move that was bigger than 1.5 times of AHL (20). by AHL (20) I meant average high-low of the last 20 weeks. We see a great bullish move after that! Those weeks were definitely dip of the market and traders never see the price like that till now! Right now! there are again a super bearish candle! It seems BTC like to take the last steps bigger. If market is going to be bullish, which cryptocurrencies do you recommend for hold? please comment. What do you think about these 6 ones! LEO XCN TWT OKB BNX GMX My suggestion is to start buying slowly, even if this scenario is true, the process of starting to climb may take up to a year. Also, don't forget that this is not a trading proposal and don't forget capital management and risk management. Only amateurs speak with 100 percent confidence in the market and there is always a possibility of failure of an idea.
BITSTAMP:BTCUSDLong
by AliSignals
6
Bitcoin is about to crash!Hello, everyone! As I mentioned in my last analysis the correction was not over and I am waiting for the wave C to $17600. Today we saw this pump and I suppose that it’s about to the end. Let’s take a look at the 4h time frame of the BTCUSDT chart of the WhiteBit exchange. The Bitcoin price found support exactly as was predicted at the 0.61 Fibonacci retracement. Wave B have been ended and the wave C started there. Now I can see that wave C could be close to it’s finish because of internal waves structure. Now the price is printing the wave 5 inside wave C. According to the liquidity zones analysis we can notice very strong one above $17300. I suppose that the market maker will collect this liqudity before the new deep dive. I have already opened short position at $16800 and will enhance it at the $17200 and $17500. Take profit is below $14k. Best regards, Ivan
Short
by Skyrexio
23