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Bitcoinforecast

BTCUSDT - Phoenix Ascending BEARISHHi Traders, Investors and Speculators 📈📉 The markets have been trading bearish overall, with over 2 billion drained from cryptocurrency within the past 48 hours. This comes as no surprise to me, as I have been watching the DXY increase and the TOTAL crypto market show weakness. And so I made this idea a few days ago : There is a possibility that we may correct towards the upside after this drop, we could even see a few altcoins increase over the next few days. However, the Technical Indicator Phoenix Ascending is showing that BTC is in trouble in the weekly timeframe, and if a reversal does not show up on lower timeframes, the next major support zone is only at $12500. Looking for some hobbies or side hustles that make money? Check out these ideas 👀 _______________________ 📢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
Short
by CryptoCheck-
39
BTC/USDT - Key Zones To Watch 👀In the wake of one of the craziest weeks in crypto history, we look at the BTC Daily chart. There's 2 zones to keep an eye on in both the short & mid term. That being the $16-20K we find ourselves in now And the "doomsday" zone of sub-$13K BTC. We have to consider just how systemic the FTX situation is with the amount of assets they might have pledged as collateral via Alameda. Combine that with an overall bearish macro situation, that doomsday zone sounds evermore likely. Nonetheless, we will always remain LONG TERM bullish on crypto, however in the short term we'll be eyeing some nice scalp/swing setups, along with great HODL entry points for longer term investing. Either way - keep your head on a swivel. Crazy times! -TucciNomics Chief Overlord, AlgoBuddy
by QuantVue
BTC Daily TA Neutral BearishBTCUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash. * BOUNCE WATCH . Midterm elections are still undecided as results from Arizona, Nevada and Georgia are still being tallied. US October CPI report is due at 830am today , if it comes in lower we may get an intraday pump but the longer term trend is still down. In what feels like the most hectic two days in Crypto in a long time, Binance backed out of their bid to acquire FTX after looking into their balance sheet. Justin Sun tweeted that him and his team are putting together a solution for FTX ; FTX retweeted it . When LUNA/UST depegged and entered a death spiral on 05/07/22 - 05/09/22, Bitcoin went down 30% from 05/07/22 - 05/12/22; the FTX fiasco has brought Bitcoin down 25% from 11/08/22 - now. Cryptos are currently correcting up after a sharp downturn. Equity Futures, JPYUSD, GBPUSD, EURUSD, Natural Gas and Agriculture are also up. Whereas DXY, Long Term US Treasuries, HSI, NI225, Gold, Oil and CNYUSD are down. The third GDPNow US Q4 GDP estimate came in at 4%, up from 3.6% on 11/03/22 . Key Upcoming Dates: US October CPI at 830am EST 11/10; UofM November US Consumer Sentiment Survey at 10am EST 11/11; Fourth GDPNow Q4 GDP estimate 11/16; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price is currently bouncing off the uptrend line from March 2017 at ~$15750 as support and is also testing the descending trendline from November 2021 as support at ~$16700. Volume is back down to being Moderate (high) after reaching an all time in yesterday's session and is on track to break a four session streak of seller dominance if it can close today's session in the green. Parabolic SAR flips bullish at ~$21100, this margin is bullish at the moment. RSI is currently exhibiting bullish divergence with Price and is currently trending up at 32 after bouncing off of 25.60 support; the next resistance is the uptrend line from 01/22/22 at ~35. Stochastic is currently trending sideways and forming a trough at 6.50, a break above ~12 would be a bullish crossover. MACD is currently trending down at -449 with no signs of trough formation and is at risk of losing -232 minor support. ADX is currently trending up at 25 as Price continues to see selling pressure, this is bearish at the moment. If Price is able to defend support at the descending trendline from November 2021 at ~$16700 then it will likely aim to retest $19417 resistance . However, if Price continues to fall below the uptrend line from March 2017 at ~$15750 , it will likely test $13477 minor support . Mental Stop Loss: (two consecutive closes above) $16700.
COINBASE:BTCUSD
by dailytaguy
4
BTCUSDThe Godzilla will always find a resting place deep in the sea before it gains the energy to fight on the land. This is the same view I have with BTC, it looks like it loves its resting place at 200MA's before regaining its energy to rally. I am not saying that I am absolutely right, if I'm wrong then I am wrong. But looking at the pattern, still it couldn't convince me that price will make a reversal anytime soon. In fact, in my opinion, it will keep continue resting until the 20k level, and you know what, it still won't make any difference until any price emerges which shows buying power overcome the selling pressure. It may also continue downwards to 6k level if sentiments continues, there is a chance that it will never go up. Good Luck.
COINBASE:BTCUSDShort
by AMianz
Bitcoin-Don't try to catch a falling knife, sell rallies insteadTwo days ago I warned that Bitcoin could fall and since then, the price has lost more than 20%. After such a dive is normal to expect a correction and this, indeed, is very probable. However, if you are a short-term trader and you are not a buy-and-hold one, trading against such a strong move is extremely dangerous. Considering the importance of the break after more than 4 months of consolidation the safest way to trade is to sell rallies. At this moment 18k-18.5k represents a strong ceiling and in this zone (if is reached) traders should look for selling opportunities. In my opinion, Bitcoin has not reached the bottom, and a new wave of selling will follow an eventual correction.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
39
BTC, DXY, TNX - The Bear MarketHello friends, Today I want to share some prior posts of BTC (Bitcoin), DXY (US Dollar Index) and TNX (10 Year Treasury Yield) that show how I came to my conclusion to liquidate my crypto and stock positions in December 2021 and share the same concerns with my community since November 2021. From this point, I still personally feel we have more downside to go in the crypto, stock, metals, and commodity markets. Each of the charts below can be clicked on and viewed separately. I would recommend reviewing and understanding the charts and learning the indicators and oscillators. @TradingView is very useful and I recommend everyone learn to chart and understand the charts. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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
BITSTAMP:BTCUSD
by MillionaireEconomics
16
Damn! I see trouble out there. Check this out. Events like FTX are baked into the deal. Insiders usually take advantage of such real-world events -- that inevitably happen -- to drop the price even further. This might not have been part of the plan but it was the excuse that the price manipulators needed. The fact that all coins were pumping hard for no apparent reason leads me to believe that the insiders knew this was coming. A lot of money was made shorting and stop-loss hunting over the last two days. This was a masterclass on market manipulation. Now, what is alarming is that looking at the 1 month view BTC has been on the upward trendline that you see (Thin faded line going up) for 9 years, and for the first time there is a clear trend violation and a new downward momentum trendline has formed (the thick white line pointing down). Bitcoin needs to pull up very soon, we can not close the monthly candle below that old trendline, we can have a wick below it but closing under will put us on a downward path that may take some time to stop, this is very concerning. Where will all of this end? Maybe the 100MA on the monthly can provide support at 12K, or maybe 5k can stop the bleeding. The good thing about meltdowns like this is that you now have a very good idea regarding which coins are strong. If ONE, MATIC or DOGE reach very low prices they are worth looking into. We know they have strength, we know they will bounce high and quickly. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
BITSTAMP:BTCUSD
by cryptoGats
6
BTC Bitcoin: No Hopium DiscussionHello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period when the Bull Run started. 2) Recently, the price formed an All Time High and has been correcting since that point. This has also created a Double Top Pattern (bearish) as well. 3) In the chart are two support trendlines as well as two support areas where the price will hopefully bounce. If BOTH support areas are lost, the price has the potential to get back down to the sub-$30K levels. This would also show a breakdown from the rising wedge pattern, with possibility to take a steep fall to sub $5K levels. 4) There is a multi-month Bearish Divergence as well with the Price showing HIGHER HIGH and RSI (relative strength index) showing LOWER HIGH. 5) The two support areas are key for Bitcoin to rebound and make a new All Time High and hopefully break the wedge pattern upwards. 6) The analysis may show BEARISH signs, but you need to consider many other factors including traditional markets (SPY, and others), commodity prices (Gold, Silver, and others), interest rates and inflation, Bitcoin Dominance, Crypto Market Caps, and much more. 7) Everyone wants to see higher prices, but being realistic is key when trading and investing. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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
COINBASE:BTCUSD
by MillionaireEconomics
7
What is happening to Bitcoin and Crypto?!! Wow.... I think that yesterday is a day that no one was expecting and was ready for! As we are seeing Bitcoin making newer lows due to the bad environment we cannot tell what is about to happen next. But we have some data to look at. We are seeing that BTC wallets with 10k BTC are making a new ATH and they are not getting liquidated. Most of the people are interested in opening a low the moment BTC hits a newer low resulting in a strong bounce back up. The DXY is on the edge of falling down just like the Yields. Tomorrow the CPI numbers will get released so expect even more volatility in de markets. Trade safe and don't let emotions take over your trading decisions.
by Mynameisnotrelevant
Btcusd ready to touch the floorHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about BITSTAMP:BTCUSD We can see formation of falling battern So we are expecting a strong fall near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
BITSTAMP:BTCUSDShort
by Theranasaramd