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Bitcoinforecast

Bitcoin Bitcoin MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support Bitcoin resistance - $21,550 and $22,000 strong resistance ——————————————————————— Analysis - As we have already stated, closing over the daily timeframe support level of 20,800 dollars will boost the chances of an upward move for bitcoin, Positively, Bitcoin closed above the 100 EMA on the daily chart. As a result, it went higher and attempted to test the 21,500-dollar level of resistance but was rejected. The price of bitcoin, meanwhile, is still above $21,000. If bitcoin maintains its stability and closes its weekly candle above 21,000 dollars, the market may see another upward rise. Currently bitcoin dominance is testing it's previous support which is now resistance (40.42%) If bitcoin dominance gets rejection we might see another good move in altcoins if bitcoin stays stable on the other hand, Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels.
Long
by Waqar212
Bitcoin – big danger is incoming!Hello, everyone! This pump on Bitcoin price was predictable. I told you that the wave 5 is incoming, which has two targets – $21500 and $22000. Today I can say that the pump can be already ended. Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. Here we can see the the price have formed the wave 4 as the flat correction. Wave 4-b could be interpret as the wave 5 by mistake, but the Awesome Oscillator helps us to identify it. Wave 4 can be ended (in most of cases) if the AO crossed the zero line. We saw it only when the 4-c wave have been formed. Wave 5 has the minimum target at 0.61 Fibonacci extension, approximately $21500. The maximum target is the $22000 – 1 Fibonacci level. The minimal target have been already reached. Thus we can see the reversal from the current prices. Moreover the divergence is forming on the Awesome Oscillator, whci is another one confirmation. I am waiting for the last sell-off, but have 23% of deposit in crypto in case I am wrong. Market did not give me the nice entry point in long trades with the full deposit, hence I am patiently waiting for the bottom. Best regards, Ivan
by Skyrexio
18
BTC Bitcoin Trading Setup Bitcoin, BTC MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support (buyers available at this position ) Bitcoin resistance - $21,600$ and $22,000 strong resistance (sellers available at this position) You need to trade according to bitcoin update because market depends upon Bitcoin movement so trade with risk management. ——————————————————————— Analysis - BTC closed its daily candle green at $21,148. Bitcoin Follows a double-bottom pattern and showed a positive movement. Also, break the resistance level of $21k and the Price is now Holding above 21,000$ Next Major resistance is near $21,900. RSI is also in the overbought area so we may see some retest in Bitcoin price. According to CryptoCompare’s 2022 Outlook Report, Bitcoin users with over 10,000 BTC in their wallets have also seen an increase, which is likely a result of growing institutional adoption Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels.
Long
by Waqar212
Bitcoin Bitcoin, Btcusdt MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support (it means buyers available at this position ) Bitcoin resistance - $21,600$ and $22,000 strong resistance (it means sellers available at this position you can sell from here) Market depends upon Bitcoin & we updated you about Bitcoin. Trade with risk management accordingly to this plan. ——————————————————————— Analysis - BTC closed its daily candle green at $21,148. BTC Support is at $21,000 with the next support at $20,850. Resistance is at $21,600 and $22,000. BTC was able to break out $20,800 resistance with high buying volume. Looking at 4-hour timeframe, Recent two volume bar indicates decreasing volume. Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC dominance is at 38.5% and total crypto marketcap is at $1.06 trillion.
Long
by Waqar212
Bitcoin monthly delta volume divergence is the largest everThe total volume for bitcoin this month on binance BTC/USDT is the largest on record. If we look to cumulative delta volume, we can see the insanely large divergence going into the monthly close. This suggests buyers are stepping in and absorbing a lot of selling volume. Not only that, the CVD has pushed back up above the 20MA. Times of divergence in CVD suggest a change in momentum. The higher the timeframe, the more significant. You can see a similar event on the COVID 1M candle in March '20 where the candle was bearish but delta volume showed buyers soaking up the sell volume. This is an important time for bitcoin and crypto. Currency and bond markets in turmoil, major companies are facing slowing growth, employment etc and the macroeconomic outlook looks bleak. If bitcoin is to show its value, its here, otherwise... run. NB: There are inherent "issues" with CVD that one should understand when interpreting it. The official tradingview CVD indicator gives a great summary about this.
Long
by limetoast
Bitcoin BTC: 1M Chart Review Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The Bitcoin price has broken out of the Descending Wedge Pattern. Using Fibonacci Retracement tool, there is a possibility for the price to get close to $25K. The one major concern is the RSI is below a major Support and Resistance line so I am not confident that the price will reach $25K. If price moves below $18.2K, there is a strong chance the price will head much lower ($14K-$10K range). If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
BITSTAMP:BTCUSD
by MillionaireEconomics
4
Bitcoin and what to look for.A break and close above the top line has a good chance to lead to parabolic rally to 150k. A break and close of the bottom line (Specifically bellow 29k) could lead to a a 19k to 14k correction. As of right now Bitcoin the macd turning up and we are waiting for a cross up on it to make it official. The Stochastic has a buy signal with momentum up. On the RSI we have a very interesting hidden bullish divergence that has formed. This signal carries to the two week and the monthly as well. You now where to buy and where to sell. This is not financial advice.
BNC:BLX
by WeAreSat0shi
Bitcoin Bitcoin MARKET UPDATE Bitcoin support levels - 20800$ and 20500$ strong Support Bitcoin resistance - 21900$ and 21300$ strong resistance Trade with risk management because market depends upon Bitcoin movement and we updated you about Bitcoin now your choice how you can trade your choice. ——————————————————————— Analysis - Bitcoin broke the 20800$ level of resistance with good volume, but it was rejected at the 21300$ level. Currently, bitcoin is trading at roughly 20800$. The probability of an upward movement will increase if bitcoin closes above $20,800 on a daily chart, but since it is the weekend and there will be very little trading activity, the market will be quite volatile. Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $1.04T, a 3.32% increase over the last day. The total crypto market volume over the last 24 hours is $102.62B, which makes a 5.77% decrease. The total volume in DeFi is currently $7.23B, 7.04% of the total crypto market 24-hour volume. The volume of all stable coins is now $93.28B, which is 90.90% of the total crypto market 24-hour volume. Bitcoin dominance is currently 38.39%, a decrease of 0.23% over the day.
by Waqar212