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Bitcoinforecast

Bitcoin And The 3-day 50 MA - A Chance For $30k Back in April, when Bitcoin was still well above $30k, I wrote about why I thought it could fall straight to $20k. The analysis ended up proving correct. I was looking at the 3-day 200 MA and the 3-day 50 MA. This is my first "long" idea for Bitcoin in a little while. Although my feelings about Bitcoin and crypto have soured since roughly one year ago, I don't want to let my bias get in the way of simple chart analysis. As you can see, Bitcoin is again butting up against the 3 day 50 MA (red). I suggested a couple weeks ago that Bitcoin could potentially begin an uptrend: Part of my reasoning has been that at least until U.S. midterm elections, we could see some recovery in markets to create some momentary optimism. This idea was presented here back in July 2022: This is partially why I'm still being careful here. Anyway, to the current analysis: If you look on the left side of the above chart, you can see its importance as resistance during the last bear market. You can also see that we are now a long ways away from the 100 and 200 moving averages (yellow and teal). This means there is plenty of room for Bitcoin to correct to the upside. Should we see a bigger rally for Bitcoin, unless Bitcoin dominance drops, I do not think there is enough evidence for me to say it's likely to sustain. I still think it's fairly likely to print a lower high and head to some unbelievable lows in the future. But for now, there could be some upside to be had. On the bearish side, I wouldn't want to see Bitcoin heavily rejected above $21k and unable to reclaim the uptrend I drew some time ago. You can see that structure here: I also think a break back below $19.8k is likely to send Bitcoin towards the $18k support level again. But for now, it seems buyers are in control. Another thing that continues to concern me is the outperformance of altcoins, coupled with skyrocketing open interest each time Bitcoin moves up slightly. Bitcoin is up just over 3% so far today, yet open interest has climbed a staggering 8% to $32.5 Billion. That's a lot of potential leverage on the table, and I don't put it past big crypto actors like SBF and CZ to use everything in their toolbox to prop the market up. As I've mentioned, I do not really advocate for continued price appreciation in this space because I believe it to be mostly smoke and mirrors and a zero-sum game. Although people lose just as much in the stock market, stocks are not zero-sum since companies have output. Bitcoin and other cryptocurrencies do not have any output, so continued price appreciation is just "money better spent elsewhere" in my opinion. Pardon my bitterness, but this is why I feel frustrated these days when I see crypto prices go up. As always, this is not meant as financial advice. This is meant for speculation and entertainment only. We will see what happens! -Victor Cobra
COINBASE:BTCUSDLong
by VictorCobra
6
Bitcoin's Epic Fall is coming?🔥📉 Bitcoin's Epic Fall: Brace Yourselves, But Don't Panic Just Yet! 💪🚀 The mighty Bitcoin is preparing for a plunge, but fear not – it's not the end! As previously mentioned, 70% of the trend has already passed, and the second growth wave is now complete. Get ready for a local correction before the third and final climactic wave of growth takes off! 🌊💸 We've highlighted the pivotal red zone on the chart, packed with liquidity. If a correction and a drop ensue, this zone could be the turning point you've been waiting for. 🎯🔄 All my 7 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Short
by Yaroslav_Krasko
Bitcoin Idea | The Bulls Attack!For Bitcoin the highest weekly prices are probably $30500.00 and $31500.00. No further explanation! ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Long
by Arash-RK
Don't Panic Yet! Bitcoin's Double Top May Not Be a DeathHey, fellow traders of @TradingView community! It's @Vestinda with the latest update on the exciting world of trading. Bitcoin's price chart is showing a Double Top pattern, which is often seen as a signal of a potential decline, with predictions that the price may drop to $25,600. However, it's important to remember that the cryptocurrency market is volatile, and there are many reasons to remain optimistic about the future of Bitcoin. The bearish double top pattern appeared on Bitcoin chart — What you need to know The double top pattern is a technical chart pattern in trading that occurs when the price of an asset reaches a peak, declines, rises to the same level as the previous peak, and then declines once more. Traders can use this pattern to anticipate a potential price decrease, as it indicates that sellers may be gaining strength. To confirm the pattern, traders wait for the price to break below the support level before entering a short trade with a stop loss set above the resistance level. Although the pattern is not always reliable, traders can manage risk by using proper risk management techniques, such as stop losses and position sizing. In other news, the ZeroSync Association is making waves with its tooling that will use zero-knowledge proofs (ZK-proofs) to validate the state of the Bitcoin network. This new tool promises to revolutionize the process of verifying the blockchain, making it more efficient and user-friendly. ZK-proofs have already proven successful in the Ethereum ecosystem, and now, ZeroSync is pioneering their application for Bitcoin, which could lead to exciting new opportunities for the cryptocurrency. Keep an eye on these developments, and remember to always trade with caution and proper risk management techniques. Happy trading! Please feel free to share your thoughts and suggestions on how we can improve our content to better meet your needs. We appreciate your feedback and look forward to hearing from you 💜.
INDEX:BTCUSD
by Vestinda
Is the Bitcoin Party Over Yet? Grab Your Profits Before ..."Is the Bitcoin Party Over Yet? Grab Your Profits Before They Vanish!" Greetings traders and investors! I hope life's treating you well. Today, we're on a mission to uncover when this epic bull run might end so you can secure your hard-earned gains and shield them from a potential crash. In earlier discussions, I've referred to a 9-month trading channel. Bitcoin recently shattered this channel, sending its price on a steep upward trajectory. This comes as no surprise, given that 9 months of accumulation have now culminated in this explosive rally. Despite chatter about the Fed hiking interest rates, an impending global economic crisis, and other concerns, Bitcoin seems to be unfazed and continues to defy all expectations. Regarding whether this is the end, my estimation is that the current trend is about 70-75% done. We might see a local dip in the price, but next month should be bullish for the crypto market. The odds are 99% that the entire trend will wrap up between $32k and $36k. And, like most cases, it'll probably conclude with an ascending wedge pattern, which has a 70%+ likelihood of causing a price decline. Should a correction occur, keep an eye on potential buying opportunities around $25,300 and $24,000. In the meantime, don't forget to monitor altcoins! At the peak, liquidity will shift into altcoins, creating a golden opportunity for them to shine. So, fellow crypto enthusiasts, buckle up and get ready for a thrilling ride! With the Bitcoin party nearing its end, it's time to strategize and maximize your profits. Keep a close watch on those crucial price levels and, importantly, don't overlook the potential of altcoins. As the peak approaches and liquidity pours into these alternative cryptocurrencies, you could be poised to seize an exceptional opportunity. Remember, the crypto world is a rollercoaster, and staying informed is essential for success. Keep your finger on the pulse and be prepared to act when the time is right. By doing so, you'll be well-positioned to capitalize on the remaining growth and protect your profits from a possible downturn. Happy trading and investing, and may the odds be ever in your favor!
Long
by Yaroslav_Krasko
2
Bitcoin is in a bull marketAccording to our free indicator, Fetch Trends, Bitcoin is in a bull market. The weekly candle turned green for the first time in 60 weeks. The last time this happened was in may 2019, kicking off the bull market of 2019-2021. Before that one, Bitcoin turned green in Octobre 2015, which was at the start of the bull market of 2015- end of 2017. The first green candle was also found after 60 weeks. Ofcourse this isn't the only reason why I believe Bitcoin is in a bull market. I've given my other reasons in previous posts.
BITSTAMP:BTCUSDLong
by FetchTeam
Breaking the Bears: Bitcoin Bullish MomentumHello @TradingView community. Welcome in @Vestinda Bitcoin price analysis. Reports about bank collapses, stablecoins, and interest rate increases appear to be powerful enough to increase the price of bitcoin. Well, Bitcoin almost hovers above $28,000 amid banking instability. On the other side, we discover chart patterns that suggest a market recovery from the bear trend as Bitcoin surged in the beginning of March 2023 by approximately +80%. 1. Price on long term scale remains in Rising Channel 2. Strong breakout of Downtrend Resistance 3. EMA Ribbon bullish breakout Which means price is likely to continue growth inside Rising Channel, and according to identical move characteristics from 2019, we might land on this move in the upper 40s or low 50s. For sure it is our High-hopes, and in general, the price movement may differ both in time and appearance. What is Rising Channel in trading? A rising channel is a technical analysis tool used by traders to identify an uptrend in the market. It is formed when the price of a security moves between two parallel trendlines, with the upper trendline representing resistance and the lower trendline representing support. The rising channel can be used to identify potential entry and exit points for trades, as well as to determine whether a security is in an uptrend or downtrend. Traders can also use it to set stop-loss orders and take profits when trading, a rising channel helps traders determine where the current price is in reference to the median of the market. Learn about Bulls and Bears on the markets: Hey, what do you like to read next on TradingView? Your feedback will help us create more relevant and useful content! Thank you so much.
INDEX:BTCUSDLong
by Vestinda
2
Bitcoin Idea | bullish to $28700!I think it doesn't need to be explained!! Bitcoin price in continuation of the weekly upward trend, the price hits the monthly resistance zone. BINANCE:BTCUSDT INDEX:BTCUSD ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision.
Long
by Arash-RK
Bitcoin - Indicators have Cooled DownBitcoin Quick Analysis There was a panic in the market yesterday related to the USDC. Yes, very big banks went bankrupt, it's understandable. But looking at the chart, all the noise that was connected with USDC looks like another manipulation. Do not forget that the markets are ruled by the emotions of fear and greed. Indicators have cooled down, which is good, RSI is out of oversold area, usually it is a strong reversal signal, I am not surprised that it will be a turning point for the price and in some time Bitcoin will continue its movement to the levels of $28 - $32k. Perhaps today there will be new buy signals from my trading indicators. All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
6
✅ Are you ready for this massive last Bitcoin Run ⁉️ In my last post, I said that the RSI has entered the oversold zone and this is a very strong reversal signal. Additionally, the FUD around USDC did its job, the big players got liquidity and the price just instantly flew up. ✅ At $22k, one of our indicators showed a signal to enter a Long trade and now we are holding 2 trades, one based on the Greenwich strategy and another on the Pump Tracker strategy. There is a high probability that another signal using the Whale Detector strategy will appear at the close of the weekly candlestick. 🐳 If we look at the chart, we can see that the price has reached a strong resistance level of $25,211. Now, there may be a slight pullback, but it is highly likely that the price will gain strength in a few days, break through this level, and continue to move towards the marked targets. However, I think this is not the beginning of the bull market, and after $28-32k, Bitcoin may return to the fundamental value zone ($14 - $17k) once again. Perhaps the price will return to these levels in a few months. After that, there will be another period of accumulation and the beginning of a long bullish trend. In conclusion, we have already made very good profits during this entire uptrend, starting with $16k. And we know where the fundamental value zone is. Keep this plan in mind. We are ready for these scenarios. Then, with each new day, we will earn more and more money, until the middle of 2025. This is just the beginning 🚀 All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
Thread: Has BTC Bottomed?Hey All, Welcome to another year of crypto. 2022 was full of bears and shocking developments in the space! 2023 has promise to be much better in terms of price growth. It's been nearly a year since I last posted on TradingView and for good reason. My last 4 analysis' were warning of the bearish year to come and it turned out to be just that. (please refer to the related ideas below for an overview of them). Some signs have started to print that the crypto markets have been severely reset and may be soon experiencing a trend change. There has been little to no revival for most of the markets since highs were set over a year ago. While looking at the above chart, two white trends can be seen which create a channel like structure. Each time price has hit either trend, a strong reaction has occurred and often a significant bottom or top formed. Right now, BTC is laying on the bottom trend. The area has other confluence as well. There is a major support zone here. BTC has just bounced off its 2000 day bottom trend line for the sixth time. Any break below the bottom trend and into the major support zone can be catastrophic. $12,000 would likely be the next support area . $10,000 is a level that cannot break. If it does, crypto will be sent on a wild ride with nearly all important technical points void. This is a very unlikely scenario. Below I have added a few technical points to highlight a well rounded view. Thanks for reading Please like and comment!
INDEX:BTCUSD
by traderview2
#BTC 12H Bullish PatternBitcoin in Higher Timeframe, formed a Fallin Wedge WHAT IS A FALLING WEDGE PATTERN? The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend. Waiting for confirmation on Breakout above $22K Before looking to make a long position! Patience is the Key!
Long
by MosFLI
Bitcoin ($BTC) Corrective structure in short term? We'll see...Hi everyone! If we look at our analysis on the daily chart (see chart below), the price action has reached a very important resistance area (trendline). Having said that, returning to our intraday chart, we see that the bullish structure may have completed, or almost completed, its development. Some reversal pattern should appear from one of these areas, let's wait. DAILY ANALYSIS (click and Play chart below) If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. thanks for your attention and please... trade with care! 💖
Short
by TheAnonymousBanker
21