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Bitcoinforecast

Bitcoin- Will it break down this time?Since June, Bitcoin is trading in a range and for 6 weeks now, the price evolution is annoying, to say the least. After a new dive under 20k in October, the price recovered but, looking at the posted chart we can see that bulls are lacking power and this rally is a dead cat rally. As I was writing this post, Bitcoin lost 500usd and is trading now under 20k. I expect more downside and this time we can have the break under the recent low. Rallies above 20k are to be sold and only a daily close above 22k would change this perspective.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
47
BTC Ascending Wedge BTC & ETH are both in rising wedge patterns, which coincides nicely with the VSA (volume spread) reads I've been getting for the last two weeks when analyzing them. As usual, rarely do we see a direct pullback or rally when these biases have been identified; that would be too easy. Instead count on BTC continuing to draw bull investors and pump riders into the game via micro-rallies, with the intention of trapping them within this geometric pattern when the supply floor suddenly gives way on the cusp of another so-called markup. Beware: the crypto ocean is teeming with sharks. *Be sure to subscribe for more easy-to-follow charts with high win ratios (80-85% average) in hitting the Fibonacci profit zones. I've been trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts & see the wins for yourself. **Not financial advice. Always DYOR and trade at your own risk.
COINBASE:BTCUSDShort
by jalapablo
2
Can Bitcoin Hit 30,000$ in This Week ?Bitcoin MARKET UPDATE 1: Bitcoin support levels - $20500 and $20,000 strong Support (buyers available at this position). 2: Bitcoin resistance - $20,800 and $21050 strong resistance (sellers available at this point) Trade with risk management according to the market updates because market depends upon Bitcoin movement. ——————————————————————— Analysis - As we can see on chart BTC touched 20582 and now trades at 20680. Currently BTC dominance is 38.6 and RSI at 43 and the total market cap is 1.03T. And 1.92% decrease over the last day. So manage your trades according to Market update.
Long
by Waqar212
BTCUSD bottom may be in! Pi Cycle bottom !Every week chart presents a new data and there are more reasons to believe that we already saw a final capitulation. 1. By now, the support´s held and the double bottom is still valid (until it breaks). 2. As we can see in the chart, Pi Cycle bottom indicator suggests that the bottom is in. 3. Moreover, RSI hit its lows in June just before Pi Cycle bottom indicator signaled that the bottom is in and it was also the case in the 2018 when the price found its absolute bottom. 4. Bitcoin Rainbow Price Chart Indicator also shows that it´s a right time to buy now. www.lookintobitcoin.com We expect the price to consolidate for a few more weeks. If double bottom holds, we may not see lower prices and the Parabola will start. Sentiment on social media is still very bearish. Everyone expects lower prices. It would not be surprising if market does not give us a chance to buy cheaper and many people will be left behind waiting for lower prices. Below 20k may be a good price for a long term investment. DCA below 20k !
BITSTAMP:BTCUSDLong
by vf_investment
5
Bitcoin: Down the Rabbit HoleThe future of Bitcoin seems just as unknown as the adventure ahead of Alice in wonderland. It feels like we're currently falling down the rabbit hole and don't know for sure where it's stopping. Primarily, we expect the course to drop further below the support at $17 689. If it continues to drop into the blue target zone between $17 572 - $10 919, the yellow wave (2) should ideally be completed around $16 148 to move out of the blue zone. If Bitcoin finds its way out of the blue zone and heads above the support at $17 689, it should head towards the $22 802 resistance. Furthermore, after touching the $22 802 resistance, Bitcoin will continue to move above $25 200. In the secondary scenario with a chance of 40%, Bitcoin should continue to move upwards if it touches the $22 802 resistance and could climb its way back to the top if it reaches the $25 200 resistance. We'll specify the future of Bitcoin in our upcoming posts.
BINANCE:BTCUSDShort
by MarketIntel
3
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi
BTCUSD Weekly Volatility Forecast 7-11 November 2022 BTCUSD Weekly Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 8.02% which declined from 8.27% last week. Currently according to ATR we are on 27th percentile, and according to DVOL we are on 8th percentile, indicating in both cases, that we are currently is a quiet market. And as a matter of fact we can that this was case for the last months, but at the same time , one has to be aware that during this "quiet times", things can change radically. Now, based on the implied volatility data that we have for this week, lets look into further details. We can see that currently there is 20% chance, that our candle is going to close at the end of the week either above/below the next channel TOP: 22600 BOT: 19200 This can also be translated as a 80% chance that the market is going to move within this established range. At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a 70% chance that we are going to touch the previous high of 21500 30% chance that we are going to touch the previous low of 20000
COINBASE:BTCUSD
by exlux
4
Can Bitcoin Hit 30k in Few Days ?Bitcoin MARKET UPDATE 1: Bitcoin support levels - $20,800 and $20,500 strong Support (buyers zone). 2: Bitcoin resistance - $21,250 and $22,000 strong resistance (sellers zone). Market depends upon Bitcoin movement so we updated you now trade with Risk management. ——————————————————————— Analysis - BTC is about to test its support at $20,800 and next immediate support will be at $20,500. Resistance for BTC is at $21,250. BTC closed its daily candle red at $20,905. Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, volume is high. BTC breaking its $20,800 support would increase probabilities for downtrend and testing of support $20,500 and $20,000. $20,000 is strong support for BTC.
Long
by Waqar212
October closing price $20,498 - could be a Buy signal for Nov it is quite obvious what bitcoin is about to do here. Bitcoin is about to pump our bags. you dont have to short this. dont get me wrong. nothing in the crypto market is for sure. . . June - short (-76%) July - Long ( +28%) Aug - short ( - 21% ) sep - short ( - 18% ) oct - Long ( +13% ) Nov - Long ( +? ) Dec Do I really need to go into detail here? i think the bears in this quarter of the year got nothing to dump. anymore the entire market in the past month has been on a selling spree, i would speculate based of TA that bitcoin would hit the levels respectively Level 1 - $ 23,288 Level 2 - $ 31, 861 tell me what do you think
BITMEX:BTCUSD.PLong
by valiktrade
Bitcoin Next Possible Targets Bitcoin/ BTC MARKET UPDATE Bitcoin support levels - 21000$ and 20500$ strong Support (buyers available at this position ) Bitcoin resistance - $21500 and 22000$ strong resistance (sellers available at this position) Crypto market depends upon Bitcoin movement so we updated you now trade with risk management & carefully. Market available 24/7 but your fund depends upon you. ——————————————————————— Analysis - BTC Support is at 21000$ and 20500$ Resistance is at $21500 and $22000 Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, currently Volume is slightly drop and BTC Price hold support of EMA 10 Currently RSI is at 51.8 BTC dominance is at 40.55 and Total Crypto Marketcap is at 1.05
Long
by Waqar212
Bitcoin Pump Over? - BTC/USDT 🔮Bitcoin (and crypto) seems to be losing some of the weekend / last week steam. Looking at the 1H and 4H charts on BTC/USDT. On the left we see signs of a bull flag, however overall sentiment and psych is driving our thoughts on this "potential" move down to 20,000. On the right, AlgoBuddy showing some confirmation for this move by printing a sell signal on the 4H. We'll be eyeing up 20K as a key level regardless. What do you think? Do we breakthrough higher or free fall in the coming days/weeks? -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
2
Bitcoin local support and resistance and next TPsHi hope everyone doing fine. based on my previous analysis the price reached the first Target , i expect some healthy correction to 22k-21800 because some traders will going to save profit which increase selling pressure , in another hand many sort position with high leverages got liquidate which is good sign of upward pressure . now price is on important level which can breaks the MA200 (1D) and if it happen and remain for the one more daily candle ,bulls will take the full control. also RSI is near to level 70 which is good sign for upward movement. happy trading
COINBASE:BTCUSDLong
by Wildcat_signals
Bitcoin Go Long Above 21530 and Go short below 21053 and 20386This is a short term analysis for 15 mins time frame for bitcoin Execute Long position only above 21530 with 5 mins candle confirmation breakout for targets of 21645/21768/21919/22089/22193 ( Stop Loss will be strictly 21289) Execute Short position only below 21053 with 5 mins candle confirmation breakdown for initial targets of 20908/20763/20667/20572 ( Stop loss will be strictly 21190) For further breakdown wait for 20386 level to break and enter new short position with 5 mins candle confirmation for targets of 20155/19785/19410/19173 ( Stop Loss will be strictly 20572)
BITSTAMP:BTCUSD
by Ski5iS