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Btcforecast

What if BTC went to $10k-13k, bounced and went to $100k? An ideaHere's a longer term idea I'm playing around with and my reasoning for it: When price broke $13k, it tested it 3 times prior to breaking through resistance and on higher time frames, never retested the level as support. On top of that, price rose really quickly after breaking out, unlike the normal start to a bull run where price rises slowly and then accelerates towards the peak. Because of that, I could see price coming back to test the $10k-13k supports sometime this year before resuming the bull run. What also leads me to believe that this is a possibility is that the charts of other major crypto currencies like LTC, ZEC, etc., also look to me like they want to correct to the mid double digit ranges which makes me believe that Bitcoin would need to fall much lower for that to happen. This is just an idea for now, but I think the probability of it playing out gets greater if BTC can gets under $25k at any point.
BITSTAMP:BTCUSDShort
by benjihyam
BTC Finding Support!BTCUSD on the daily timeframe has found some strong support right around 35K (USD) and it seems we are showing some strength moving forward, however we can't be too confident as of yet due too how the market is moving on a daily basis. Either way i am looking for a reversal at some point soon, in previous cycles we saw many corrections ranging from 30-50% even sometimes there has been larger downside flushes, in a lot of cases following the correction prices saw massive growth and an impulse to the upside. Looking at our resistances that are coming up very soon are the 0.7 FIB level at 37867$, we have resistance from 39K-40K and finally we have resistance coming from the midline on the bollinger bands. Now lets look at that, a good sign right off the bat is that we are steadily seeing closes off of the bottom band, as you guys can see closing our daily on that bottom band triggers a big run to the downside (in most cases), so its very positive that we are showing strength by coming out of that and off the bottom band. The longer term goal for us on the bollinger bands has to be breaking through that orange midline, being above here opens the door for us to make a run for that top band, where with same as the downside, if we close ontop of the top band we could see a fast sharp move up! Now the MACD, we are slowly but surely coming out of a bearish cycle, our red bars are decreasing each day and we are heading for the midline where we can then flip to bullish. We want to see the blue MA break above the orange and have some vertical shape to it, moving up steadily and keeping separation from the orange, the reason being is because having good space in between makes it more difficult to trigger a bearish cross, also this allows price action to have a cool off day or two without trigger that bear cross. The final thing we want to see on the MACD is a strong push above the midline on the histogram, we need to see increasing green bars each day showing an increase in bullish momentum. Now lets look at the wavetrend, we are bottomed out it seems, we are reversing out of the buy zone at the very bottom and we are looking for a continued smooth transition to the upside, if you look at the daily wavetrend you will see that these transitions are smooth and rarely have jagged moves, so we can expect a decent bullish wave coming up soon, we haven't seen a wave above the midline in quite some time so hopefully we can see something close to this soon. Overall i am looking at many different buying opportunity's around the board, of course dollar cost averaging in! Not financial advice just my opinion!
COINBASE:BTCUSD
by JacobR905
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. As I was telling in the chart of btc that btc is a downside force from here, also sees btc or thinks the market is not good people can sell bitcoin. ya big wheels are selling their bitcoin bit by bit, watchers here think btc is 358500k from here and btc 31800k v may now come 28k but right now btc on which support is a force is likely to bounce 40K and 43500k Thank you This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
BTCBUSD ForecastDear Patrons, The BTCBUSD is still showing a bearish move and is hoping to continue its downward trend. Three strong support areas have been marked. Following that, three points of resistance are identified. The Stoch RSI is indicating that the market is oversold but it will keep this trend continuing. The MFI is indicating that the market is in a downtrend. Most other coins will follow the bitcoin trend. It is still a good time for traders who love to trade short. This idea is for educational purposes only. Feel free to share your ideas in the comments. Remember me in your prayers. Good Luck
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by Signalsforecast
BTCUSDT ForecastDear Patrons, The BTCUSDT is still showing a bearish move and is hoping to continue its downward trend. Two strong support areas have been marked. Following that, three points of resistance are identified. The Stoch RSI is indicating that the market is oversold but it will keep this trend continuing.  The MFI is indicating that the market is in a downtrend. Most other coins will follow the bitcoin trend. It is still a good time for traders who love to trade short. This idea is for educational purposes only. Feel free to share your ideas in the comments. Remember me in your prayers. Good Luck
by Signalsforecast
BTC Reversal Anyday Now!!?BTC is still pushing down with big bearish pressure, we are currently sitting at 33.5K and i personally believe a reversal is in sight anyday now for Bitcoin! I am looking at our current area all the way down to the 30K mark where a reversal could be likely, 30K is a strong and established level that is also held up by the underlying 1 FIB at 28.6K. We have current downtrend support which was resistance coming from our ATH so we got a stronger level here aswell, we don't want to see a break below here and especially not below 30k, personally i think the 28.6k 1 FIB level will be the final level before reversal if we did see a push that far. Checking out the RSI we are very oversold and we have been for a little bit now, this usually gives hope of a reversal coming soon. We will definitely have levels of resistance to break along the way back to the upside but the most important thing is regaining that midline, if we do we can confirm a new uptrend and if we don't well you guys know, confirmed downtrend until we do. Now looking at the mean reversion channel, first thing that we notice is the yellow and red bands, this represents very oversold, just like we see with the RSI, now if you go back in time and check out the dips we had into this oversold band you will notice that we rebounded very strongly out of this area, now this could be a matter of time of course, sometimes we spend multiple days in this zone and other times we just spend a couple days in here but overall at some point we have to reverse. Ultimately we should be looking at a comeback to the mean, which is the yellow line in the middle around 52.6K, at some point price tends to revert back to its mean over a gradual timeframe. Like i said before i believe we are in the final stages of this massive flush, we either have a short period left of downside or we are going to reverse very soon, both ways this provides very nice entries and buying opportunities that i am taking advantage of! Not financial advice just my opinion!
BITSTAMP:BTCUSD
by JacobR905
BTC 1D Analysis and thoughts aloud for the next six monthsThis morning the price of BTCUSDT reached $62998 than fulfilled the expected target for growth from our previous idea. However we wanted to see this growth after minimal correction, but it was not given, the buyers showed that they have enough forces for growth and they do not need correction for "rest". Such force and purposefulness of buyers at once suggests that the Bitcoin price will soon update maximum and will go white route to $80-90 thousand per BTC for the beginning. This scenario fits very well in our "Alternative scenario of price movement for 2021" from 01.06.2021. Recall, when we wrote that scenario, there was despair and moaning at the cryptocurrency market, that everything was gone from all sides, and deposits were dropping by -50-80%, while BTCUSD price was forecasted to drop to $10-20tis, that's why we gave such a name. But so far, the idea works out very well. What is the news background on the crypto market now? Positive from all sides: trusts bought Bitcoin up to their ears, ETFs accepted, etc. And we don't read the news and don't get into it, there are already so many of them that they break through all our information shields :) But in my mind, Deja vu from 2018 . Who traded then will agree with us, or not, but we can discuss it in the comments . Back then, in 2018, 4-6 different ETFs were supposed to be accepted , but the cherry on the cake was supposed to be Bakkt, which was supposed to trigger a rise from $6000 to $20000 and everyone was waiting for it. Bakkt launched in mid-October 2018 and already in November we got a massive drop from $6400 to $3200 ... Believe me, for those who lived then with news hopes for growth — it was very painful for the deposit . The level of pain for the deposit can be compared +\- to the period of fall May-June of this year. Well, how not to brag?) We were in shorts then to the full and our portfolio — will confirm it, so everything that we write is from our experience in the crypto world. Today 10/19/2021 Bakkt loses over -6.4% on the first day of public trading on the NYSE. This is either a coincidence or a signal from above, but there as it is) We called the area of $62000-63000 a critical zone for the growth of BTCUSDT , because it can start the formation of the second top of the global reversal pattern here. This scenario is bad for small speculators, because there will be no fast profits, but it is very good for big clients, because they can take a lot of BTC for cheap from the small players. The minimum target for this scenario is around $12-16k per BTC and it fits schematically into the fractal that we presented the idea at the beginning of the year in February 2021. Also, the fact that Bitcoin is most likely selling on the rise in consolidations can tell us the delta of the trades. The higher the price, the bigger the skew towards selling in consolidation. If a global correction starts in the coming days, then the maximum attention should be focused on the $31500-33000 zone . There will decide the future of crypto-market on 2022 and accordingly the continuation of falling by the red scenario or activation of the blue scenario and the beginning of a new growth wave. Morality: there are a lot of analysts and specialists with their own ideas, as well as a lot of "made-to-order" news and ideas, which are released in the media space when it is necessary to deceive the majority at most, so the big uncles could earn money. Include critical thinking to the maximum, do not feed on the hope that the market "has to do something" or "alts have to catch up with the bitcoin" or some other generally accepted phrase — this is a cruel and unregulated market and no one owes anyone anything. Some will see here "Fight Without Rules" and some will see "Squid Game" — everything depends on you and your discipline. If you slack or overestimate your power by taking too much leverage or risk, you will lose everything and no one will return your deposit. Everyone knows that there are long and short positions, but there is also a most difficult position — waiting. This is exactly the position we are in now. We patiently wait for activation and confirmation of one of the scenarios that we have planned ahead. We trade probabilities and are never 100% sure in one of the scenarios — it is this lack of commitment to a particular possible scenario and the absence of fanatical attachment to the crypto projects give us the opportunity to win and survive in the crypto market for over 5 years. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
66
BTC/USDT 1DAY UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. hello guys btc today 1-day update btc triple bottom now looks like a banned market anything can happen from here, a break can happen and bounce so will always touch a beautiful high, and if it breaks tabs back into 31k file times for probably This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
Bitcoin Bullish TrajectoryThe fib retracement is in a major support/consolidation zone. The wedge structure is similar to the May 2021-June 2021 wedge within which we saw a fake breakout, a bounce off of a sharper trendline, a RSI reversal, and it appears to be at a bottom with a long legged Doji on the daily suggesting a reversal. This could just be total nonsense or a reasonable analysis. The fib retracement assumes this is the bottom. The sharper trendline within the larger wedge assumes a false breakout. The RSI is just very oversold on the daily, and we have seen considerable bounces at least historically when this occurs. The long legged Doji on the daily is controversial and is not accepted as a reasonable indicator by all. However, it does have a high volume with it touching support.
BITSTAMP:BTCUSDLong
by nathanielandrep
BTC/USD Bull Market PredictionBased on the chart history of BTC, the initial flash crash of 30% - 40% indicates a more than likely bear market. If so, BTC should bounce off the next support range and retrace to the .5 - .702 fib. After the retrace we should expect an 80% - 90% crash during the bear market. This similar structure can be seen in the past and I am strictly copying the historical data. This should be expected until new events and data prove otherwise. This bull run has been similar to the past bull runs.
COINBASE:BTCUSD
by RudeDude90
1
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. As I was telling in the chart of btc that btc is a downside force from here, also sees btc or thinks market is not good people can sell bitcoin. ya big wheels are selling their bitcoin bit by bit, watchers here think btc is 35440k from here and btc 31800k v may now come 28k but right now btc on which support is a force is likely to bounce Thank you This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
BTC revise. My viewBTC, for now, is more likely to be expanding flat (Running flat is invalid now) I think the drop from 40k to 38k is already too much. But recently the price has already broken thru fib and important line. In theory, it will drop more to land a (5). 28K is possible. so now it is very risky to do a trade since our hope on running flat is gone. The next target is (5). wait for confirmation, and signal for a good buy. Happy trade!. what do you think, feel free to commend below 😀
Long
by oakoakoak999
2
House committee will take a look at the energy impact blockchainThis Week House committee will take a look at the energy impact blockchain "The University of Cambridge’s Bitcoin Electricity Consumption Index estimates that the Bitcoin network currently uses around 15.7 gigawatts" "And a reminder that this is just bitcoin (BTC). There's several thousand other cryptocurrencies with their own varied energy needs." "Part of the hearing seems likely to focus on the environmental impact of running all of these miners." “According to research on PoW cryptocurrencies’ carbon footprint in 2020, a single transaction added more than 90 pounds of CO2 to the atmosphere, while a single BTC transaction added more than 1,000 pounds of CO2 to the atmosphere. Based on estimates of 2021 emissions, ETH mining emitted more than 22 million tons of CO2 and BTC mining emitted more than 56.8 million tons of CO2. To put this in perspective, the global 2021 CO2 emissions of ETH and BTC mining is equivalent to the tailpipe emissions from more than 15.5 million gasoline powered cars on the road every year. Credit: Coindesk BTC Shows weakness on the Weekly Chart, Higher High on the Chart—Lower Highs on the RSI—a clear divergence do the bulls have enough power to push bitcoin up? Or is bitcoin going up in small steps until it is overbought on the Daily RSI to make another swing down. Not a Trading or Financial Advise
by trefferquote-bei-0
80
Bitcoin Bears or Bounce?Looking at this 4hr chart it's clear to me that Bitcoin is at a critical level. If we have more downside we should find some support around $34,000. If that does not hold then my next level to watch would be just below $30,000. If $30,000 doesn't hold, I would look to around $20,000 next. I remember that there is a CME gap around $9,000, but I've been running all night and I'm too tired to verify it. So if we do continue down, just understand that anything is possible. Do I think we will go that low? No I don't, so I'll be looking for that bounce around $34,000. But I am just a werewolf, so don't take any advice from me! I spend most of my time running around in the woods and scratching myself. I'll be waiting in the bushes to see how this plays out. What is your plan? Owhooooo!
BITSTAMP:BTCUSD
by Akamer-the-Werewolf
BITCOIN CRASH 📉 UPDATE!Good morning guys! 🌞 Last Night I posted (👇) that I'm getting Bearish Vibes from Bitcoin and that i see it going below 40k in the next few days, and then the next thing I know , I open my eyes and we are at 38k. Last night's post: Today I'm breaking down what my thought process was not only last night, but why I've been looking at this price area of 40k to 37k for way over a month now. I also go over what I'm expecting next for Bitcoin and the crypto market. Thank you for watching, I hope you enjoy this video 🎬 and if it was worth your time, please engage with, follows, likes, shares, comments and all that good suff, it really motivates me a ton! 😃🙏 Happy Trading! ✌❤📈
by BitcoinEasyIO
2
BTC Final Flush Before Reversing!?Bitcoin was very quick to invalidate our double bottom that we talked about yesterday and had a sharp flush to the downside likely liquiating tons of players along the way, we are currently sitting a fair ways above the 0.7 FIB level, we are catching some support at 39K. What we don't want to see coming from the bollinger bands is a stronger push to the downside resulting in price action being fully ontop of the bottom band, as you guys know this can trigger a fast sharp move to the downside even further. The squeeze momentum indicator was coming back to the midline but due to price action we have started another bearish squeeze it seems like, our red bars have started increasing once again which isn't a great sign, what we are looking for here over a bigger timeframe is that push back to the midline where we then have the opportunity to get into a bullish squeeze. Now the reverse momentum indicator was moving very bullish coming flying out of the bottom buy zone, we have since crossed bearish and are coming back down fast. What i want to see here is a potential bounce off of support we have just below us, being in the buy zone on its own calls for a reversal and now that we have support here we can expect that bounce even more. Not financial advice just my opinion!
COINBASE:BTCUSD
by JacobR905