Btcusdforecast
BTC GOING TO 32000$?Although according to the previous analysis, I believed that Bitcoin will fall to 11450 and even lower, but market fluctuations and high energy took Bit to the price of $18,000, so now I believe that the whales took Bitcoin above $18,000 and allowed it to fall further. They did not give and they have manipulated the market. But whatever it is, the new analysis shows that Bitcoin has just started its way, and the candles are breaking the blue trend line, and Chico Span is crossing the Tenken Sen, and we shouldn't wait for the Kijun Sen to break.
I believe that when the blue trend line is broken by the candles, the next move for Bitcoin is to hit the red trend line. But all in all, Bitcoin should reach 50% Fibonacci and the price will continue until 50% Fibonacci equals $32,400. Although there is a weak upward energy in the positive movement of MACD, let us know that this energy is positive and it seems that the beginning of a positive but alive energy is like a bow and arrow that arches itself to shoot up.
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
After the price broke out of the uptrend parallel channel, as it break up all the previous Resistance areas, a huge pump followed.
For the next week, we can expect a consolidation between the main Support and Resistance areas.
The Support area is resulting from the extension of the golden ratio of Fibonacci retracement.
In an alternative scenario, as the market is extremely volatile, a path indicates the price movement for the next days.
In case this bull continues, a forecast indicator points to a possible price up to $23391.
Consider the Market cap to reach above 1 trillion dollars.
Either way, the bear market is over…
Bitcoin Price (BTC) = $20,833.19 +7.23%
= 13.58 ETH -0.40%
Market Cap: $976,914,569,167
24h Vol: $88,104,948,368
Dominance: BTC: 41.0%
ETH: 19.2%
Good Luck
#CryptoHellas Team
BITCOIN: CREATING NEW SUPPORT LEVELS.Hello traders, I hope you all are doing well with your health and your trades. Here's a quick update on BTC in a daily timeframe.
BTC has shown some rejection lately which is close to -6% in a single day. The denial may continue but only if it can break below the support 1 level at $20.35k. If BTC breaks down below the S1 level, we can expect the price to reach $19k and then a possible bounce back.
For now, if BTC maintains the support 1 level, it needs a breakout above $21.5k to continue a higher rally.
In long term, I am bullish on BTC and if BTC shows some correction then I will accumulate more.
That's it, for now. I will update BTC in a shorter timeframe as well.
Thank you for reading. Trade safely.
BTCUSD.....SELL (4.2% Drawdown)After BTCUSD consolidated for a while at 20850-21500. Finally getting to the hot hours of yesterday's New York session BTCUSD break through the rejection/consolidation zone (Red Box).
Expecting the market to correct Saturday's (00:00 hours) bullish candle at a price value of 20000.
Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 21651 (stop at 21097)
Trading volume is increasing.
A break of resistance at 21630 should lead to a more aggressive move higher towards 22000.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 22877 and 23177
Resistance: 21630 / 22000 / 22500
Support: 21000 / 20600 / 20250
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BTC Price Analysis SHORT !! ??Hello to all traders out there!
Here's a BTC in a short situation in my personal opinion.
So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL.
If we end up breaking that support we might head on down to test the 19126 LVL.
If that breaks.. we will go down and test the 18795 LVL.
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
BTCUSD: Best Short Position to touch 18180$Hello to all . Considering that wave x is happening, for the three waves of wave a, which is exactly on the fibo line of 1.618 of the first wave, it is possible to expect correction up to the following two values, so according to the strata you have, you can have a good selling position on it. had be profitable
BITCOIN: IN NEED OF CORRECTION. BTC update:
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at $21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to $18k and then a strong rally breaking the $21.5k resistance.
Thank you for reading. Trade safely.
Bitcoin- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg up.
Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k.
However, from a speculator's point of view, a buy here is not making sense from a risk perspective
In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
Bitcoin Analysis 14.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC massive historical supportBTC / USD
BTC finally hit 200W MA that I mentioned alot before
In past these dynamic supports are always around ultimate bottom of bear market
We can also accept a flash crash /wick to hit 300W MA (around 16k) but the important thing the weekly close to be above 200w ( 22.5k)
WEEKLY RSI :
Another important thing i want to show you is WEEKLY RSI :
we are currently setting around the level of bear market bottoms (since 2015 ! ), see here :
WHAT TO DO ?
1– For investors/long term traders :
you can start DCA from here
2– For short term / med term traders :
I advice to wait more bullish signals before entering market
Best of wishes
INVESTIGATING THE DESTINY OF THE CRYPTO MARKET!Hello
I am at your service with a special post of cryptocurrency market review. We are going to examine some very important factors of this market together and reach a favorable final conclusion.
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1. Total
The Total index is known as the general index of the crypto market that should be checked and as you can see, it has reached an important return range and we are witnessing a suitable reaction.
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2. USDT.D
This index actually shows the amount of dominance of tether in the crypto market, which is currently showing good signs of decline. Considering the negative effect of this index on the market, it promises the favorable growth of the market.
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3. DXY
One of the most important and fundamental indices that has a wide impact on all international markets is the DXY dollar index. I analyzed this chart professionally and came to the conclusion that a strong downward step is taking place for this indicator. This is while the US has stopped its harmful contraction policy on this market, which is a confirmation of this scenario.
The noteworthy point here is that the behavior of this index during the last decade was exactly opposite to the behavior of the market. As a result, the fall of DXY is another valid confirmation that confirms the market's rising scenario.
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*Conclusion:
By examining and studying these indicators, which are only a part of the important economic indicators, we find that The last days of this major market correction are numbered and this creates a great opportunity for us to use this information for capital growth. Use yourself and progress. An opportunity that may not come to us again!
Bitcoin- Traders should be careful with buy trades nowPretty quickly my target of 21k was reached and, as explained on Monday's post, my trade closed in TP with 1:4 R:R.
My optimism from now on is very reserved though... Indeed, we have a higher low in place and Bitcoin is well above 18k support, however, the last 3 days are marked by an almost 20% rise and a correction could follow soon.
Technically speaking, above 21k is the resistance zone and from this zone, a correction could start.
Looking at a 1-hour chart we can see a small consolidation that resembles a small pennant, so a new high is not out of the question, but, as I said, if you are not scalping the market, in my opinion, is not worth the risk of a buy trade.
In conclusion, I will look to buy around 19k and if is not dropping there it can go "to the moon" without me:)