Bitcoin BTC Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Bitcoin:
BTC /USDT short:
Entry Range: $30000 - $30900
Price Target 1: HKEX:26600
Price Target 2: $25300
Price Target 3: HKEX:23200
Stop Loss: $33500
Bitcoinpriceprediction
Three paths for Bitcoin BTC price, which one will you choose?Here are 3 fractals from the history of BTCUSD trading:
Red is a likely repeat of the Triple Top pattern from May 2018. It implies a correction to 17600$ and a further upward trend.
Yellow - market growth as in 2019. It implies without correcting growth to the 40,000$ area, and only then can a protracted correction begin.
Green - in anticipation of "BTC halving" in a year, a repetition of the non-stop growth trend like in 2015-2017. It suggests a possible correction to the region of 24,000$-25,000$. The maximum target is 700k$-750k$ per BTC
Write in the comments which scenario seems most likely and plausible to you
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Liquidity Grab Towards Relative Equal Lows and Equilibrium PriceBTC is correcting towards its relative equal lows. In trading, relative equal lows refer to the occurrence of two or more lows in the price of a security that are approximately at the same level. These lows are considered "relative" because they are compared to other lows that have occurred in the recent past.
If a security has formed two or more lows at roughly the same level, it suggests that there is a level of support at that price point, and traders may see this as an opportunity to buy the security at a potentially favourable price. However, it's important to note that just because a security has formed relative equal lows does not necessarily mean that the price will continue to rise, and traders should always consider other factors such as market trends, news, and economic indicators before making a trading decision.
The Fibonacci 0.5 level is often considered as a midpoint or equilibrium point in price movements. However, it is important to note that it is not a fixed or absolute level and should not be relied upon solely as a trading signal. The Fibonacci retracement levels are used in conjunction with other technical analysis tools and indicators to identify potential support and resistance levels, as well as entry and exit points for trades. Therefore, while the Fibonacci 0.5 level may provide some information about price equilibrium, it is only one factor to consider in a comprehensive analysis of market conditions.
The Future of Bitcoin: A Personal Forecast for Long-term Trade
A Comprehensive Guide to Bitcoin Forecasting: Trends, Analysis, and Expert Opinions, believe it or not :)
I'm excited to announce that my Bitcoin prediction and forecast have surpassed the targets I mentioned earlier, and they're still going strong and on track. Thank you for joining me on this journey. As they say, patience is a virtue that pays off in the end.
I've created this chat to share my perspective on the future of Bitcoin. However, it's crucial to conduct your own research and analysis before making any investment decisions. This chart reflects my personal view and opinion, and I must confess that predicting Bitcoin's trajectory accurately feels fantastic. It's almost as if I'm a modern-day Nostradamus, albeit with a sense of humor (lol).
I hope that my insights and analysis will help you enjoy long-term trading profits.
Short Bitcoin after Market Structure Break of $29,600Since Bitcoin has failed to reclaim 29,600 I am Short. Invalidation would be a 2H close back above 29,600. Thus far since the dump Bulls have not been able to organize enough push the price back into an uptrend scenario. On LTF I am seeing Bears in control. The previous visit to this level had a quicker reclaim and more Bullish price action at this level. The single tap of 29,500 was also swiftly rejected lower.
#Bitcoin - thoughts out loud #18!!! IT IS IMPORTANT TO READ THE DESCRIPTION !!!
Good evening, we are from Ukraine !
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this asset.
After the false breakout and liquidity withdrawal, I would like to draw special attention to the increased volumes and the price's rapid return to trading margin. At the moment, this is not enough, there is no confirmation. At this stage of the situation, we can partially open a position (5-10%). Then monitor the situation and add the rest of the volume if the buyer's test is successful and there is activity from professional operators, i.e., the asset needs a force to move the price to the next liquidity (price range 23300 - 24300 ).
The mood is long, that's the only way.
If the current situation does not meet the current criteria, I expect the asset to depreciate to 19000 .
Thank you all for your attention, I wish you success, and remember:
Sometimes you win /sometimes you learn .
#Bitcoin
Time To Take Profit (BTC/USD)Crypto moves in cycles. For example: Bitcoin happens to find a top each 4 years, meaning a complete Bitcoin cycle contains of roughly 208 weeks.
In those 208 Bitcoin goes up and down, creating smaller daily cycles. Bitcoins daily cycle consists of approximately 65 days. In the bull market, which I believe we are, The tops of those daily cycles are found past the halfway point of the daily cycle. This means that a top is liklely after 34 days of climbing.
We saw this in the previous cycle too. The cycle lasted for 70 days, on which the top was found at day 54. That cycle was right translated.
The current cycle is at day 38. We saw a shooting star candle at day 35. Meaning that it is likely that a short term top is in. In case Bitcoin goes higher, it is unlikely it will break all the resistances above so taking the risk for more gains on the short term does not make lots of sense.
Right now im short term bearish on Bitcoin. Note that the last green candle is an estimate of when a bottom can be found, not at what price.
Bitcoin Trying to reach 31K before it runs out of fuelBTC New Pattern that we want to pay more attention to anything else is the new rising broadening wedge
obviously we havent seen ANY lows for a long time , maybe we see it after reaching new highs 31K or we start the new Low process since SPX is giving bearish signals
Thanks for watching
Bitcoin - Last Stand For The Bears? ⚔️Taking a look at the Bitcoin Daily chart. We're at a crossroads with our precious Bitcoin (and all of crypto).
Bitcoin has shown remarkable resilience in the face of some serious FUD (Binance lawsuit + SEC warpath on all of crypto).
We’re approaching and beginning to test the zones of Summer ‘22 (blue zone), with most traders weighing the possibility of a push to $30K.
If we get a hard rejection at HKEX:30 ,000, a sharp move back down is what we’re eyeing up. Which is that blue demand zone we’ve mapped out.
However, if we see a continued push and price consolidation above HKEX:30 ,000, HKEX:32 ,000 would be next in line (bulls would be jacked up). To add to the bullish case, we are currently in a bull flag.
These next few weeks will be interesting as both stocks & crypto are approaching key price levels.
We've also drawn out a few bullish and bearish zones that could potentially be nice short/long opportunities.
If we see a strong push-up towards 31-32K, getting short would look quite enticing.
On the flip side, if we see a downward spiral toward the 19-20K area, and even below that, these would be juicy buy & hold prices (at least we think so).
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
As always, eyes peeled out there team. See ya in the next one.
THE NEXT PUMP FOR BITCOIN IS AROUND THE CORNER +40%BITCOIN TA - ELLIOT WAVE THEORY ANALYSIS
We are in a 4th wave which has a tendency to be long and drawn out ( in this case, 2weeks ) before pumping up in a 5th wave!
Price target for the 5th wave is $40,000 which would be a 40% increase!!
Before the pump, look out for a price DECREASE to an oversold level on the RSI.
JUST MY TAKE - ** NOT FINANCIAL ADVICE*
Leave a LIKE & COMMENT .
Where are we heading for the next cycle?From top to bottom, using log fib extensions:
Cycle 2: 2.272 Fib is the top of 2013
Cycle 3 : 2.272 Fib is the top of 2017
Cycle 4: 1.618 Fib is the top of 2021. Institutions are in since 2017, diminishing returns.
Cycle 5: Will 1.618 or 1.272 fib be the top of 2025? I bet on the 1.618 option.
Max pain will occur before, certainly. But the destination is known, path isn't.
bitcoin price prediction short/mid termThis is the most likely scenario to play out in aproximately 1 month (very slow growth and then strong reverse with two separate downsides), the darker blue line is an aproximate price and lighter blue is for better visualization but is clearly random, you can make money both shorts and longs if you are not a dummy but i consider longs much riskier so i would not recommend playing longs with your whole capital
remember guys that we are still in a bear market and i suppose this time it will last much much longer than historically speaking
this is not a financial recommendation, peace
BITSTAMP:BTCUSD
Bitcoin next huge volatility is comingBYBIT:BTCUSDT.P
4hr time frame
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Bitcoin is consolidating as a symmetrical triangle and approaching to the end.
It will make continuation no matter break upside or downside.
I personally tend to see it break below this triangle, and do not miss the good opportunity.
BTC Pattern Continues To Playout! Strong Bearish Signs Are There*Disclaimer - Not Financial Advice*
Bitcoin Has been consolidating below a huge HORIZONTAL resistant for a while now And The pattern that we have been talking for the past 3 videos playing out
On top of that there are Quadruple Bearish Divergence on RSI and Bear Flag and couple of more SELL signals that I mentioned in the video
Lots of STRONG Sell Signals so I would say 25K first before 30K(if it wants to happen)
I strongly recommend to watch this untill the end
Please Consider supporting the channel by boosting , sharing , Commentng - warms my heart-
BTC/USDT/UpdateEverything we predicted in the previous analysis (www.tradingview.com) happened exactly and now it's time for the next prediction. Those who know the crypto market know that behind this apparent calm lies a huge storm. Bulls and bears prepare for a decisive battle. In the next 24 to 72 hours there will be a huge movement in which many bulls and bears will be sacrificed, but I personally think that this battle will end in favor of the bulls and this year will be a dream year for crypto. Compliance with the loss limit is mandatory.
ps 1: Before starting the main movement, a pullback may be done up to the range of 24 thousand dollars, in which case I will spend all my cash assets to buy crypto ;)
ps 2: DYOR
BTC: Correction Incoming? Should we Short, or Prepare to Buy?Hello friends!
I hope you had a profitable trading week so far.
This time, I would like to express my concern for Bitcoin.
As we can see, Bitcoin had 2 consecutive rather indecisive weeks.
Usually indecisiveness means either of these 2 things:
- Bulls charging their juice for the next run, or
- Bears are absorbing the bulls and are preparing for the reversal.
In this case, I see a potential reversal cooking. At least in bigger time frame (daily or weekly) it will only look like a correction. But in intraday timeframe, it might be a reversal signs and/or good short setup potential.
MY OBSERVATION
1. We can see that there was a bearish divergence in RSI formed. See the dashed white arrow. This indicates that bulls are weakening.
2. We can see the failure of making a higher-high. See 2 yellow arrows
There 2 signs indicates that bears are ready to take action.
However, we need a third confirmation.
My analysis will be proven if the yellow bold line is broken. This will indicate that the price has formed a lower-low structure, which marks the start of a downtrend (at least in intraday timeframe)
Next Question: HOW LOW CAN BTC GO?
If you see at the weekly timeframe, Bitcoin is ranging between
13-16k zone, and
28-32k zone.
In addition, the box I draw above marks the supply zone at the weekly timeframe.
So, the worst case scenario is that BTC will go to 13-16k zone as the weekly range low.
But, assuming that the trend is still bullish, then I am marking these zones:
- 24000-24000 USD zone
- The blue trendline shown in the picture
Should we see a bullish signal in those area, we can start buying/long up to 35 or maybe 40k.
Hope you like my analysis and don't forget to share your thoughts as well