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Btcusdforecast

CAN BITCOIN RALLY UP TO $18K ONCE AGAIN?Hello guys, Dexter here with yet another update on BTC in 6 hours timeframe. For the last 7 days, BTC has been moving slowly, forming small candles and one or two reds and greens in between. The price ranged between $16.4k to $16.9k which is okay and still doing well. This price range has been supporting BTC for quite some time and has recently created another supporting trendline (The yellow dotted line). If BTC can manage to hold this support then we can expect BTC to reach $18k soon. Breaking below the yellow dotted line may indicate a drop close to $15.3k. Trade Setup: I am doing long on BTC at CMP with SL at $16.2k. The target will be close to $18k. A straight 10% gain if pumped and a 3% loss if it breaks down. Sounds like a good R:R ratio. Note: Take a trade only if you are confident enough. Not financial advice. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BITCOIN: THE DIRTY DANCE.BTC did it dirty. After the big red drop in BTC from $18.4k to $16.5k, it tried to hang in there but failed to hold it for a long. These two red candles created a panic scenario and many thought that BTC is going down for $15k once again but who would have thought that a big green candle is waiting for next door? LOL! BTC went right above the resistance (which is now a support) and now trying to hold this level. If BTC manages to hold this level then we can expect $17.4k around the corner but if it drops down below the S&R line then things may be bearish again. Technically, we are still under the bearish scenario so that's okay. Can this end of the last quarter be a turning point for the crypto market? Things are pretty tight so maybe the new year could change the course of action for the crypto industry. Trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
2
BITCOIN: NOT A PLEASING CHART.BITCOIN Update: BTC in a shorter timeframe is not pleasing to the eyes. This rejection indicates a drop close to $16k to $15.8k in the coming hours. If BTC gets back above the resistance level ($16.8k) then we can think of some positivity but until then I expect a further drop-down in the market. In a higher timeframe, BTC looks more bearish and we can expect it to drop close to $15.1k. This is good for the long-term holders to accumulate BTC at a lesser price but RIP for those who went long on BTC in leverage. Key points: 1. $16.8k Resistance. BTC must break this to claim some positive move. 2. $16.1k further drop level. Trade safely, guys.
COINBASE:BTCUSDShort
by Dexter_The_Trader
3
BTC - Buy Low Sell High StrategyEveryone is asking the same question: When and where will Bitcoin find the bottom and where should I enter...? To be able to answer this question at least a little bit, we present you the strategy "Buy low and sell high". This is actually the simplest strategy in investing, which is nevertheless done wrong by 95% of investors, because buying low and selling high is only a matter of opinion. For one person Bitcoin is low at 50,000$ and he buys and for another person Bitcoin is low at 10,000$ and he gets in. Therefore, the successful implementation of this strategy is based on precisely predefining the low and high points in order to be able to determine where a "low" and where a "high" is. Entry areas Defining this is harder than one might think, especially in such volatile times as we are currently experiencing. Therefore, we do not focus on lows, but areas. We delineate the different areas with the help of trend lines and horizontal resistances in order to be able to determine, on the one hand, how low it could fall and in which momentum it is in the individual areas. Accordingly, we have also shown the areas in gradient colours. The redder the areas the more bearish the momentum, the greener the more bullish! You have to look at this the other way round in terms of investment strategy: The redder the area, the larger my entries should be. The greener the area, the larger my exits, i.e. profit-taking, should be. Examples of strategy implementation If you are only waiting for the one perfect entry and the one specific exit, you will probably have very little success. It is much more effective to enter in steps in such volatile markets: According to market conditions: You stay constantly on the chart and try to follow the individual levels and react to them. You are thus more spontaneous and can intervene manually. Light red: invest small amounts occasionally Red: invest medium-large amounts more often Dark red: invest large amounts more often. Light green: take small profits occasionally. Green: take smaller profits more often Dark green: regular larger exits/profit-takings On the basis of fixed predefined entries You set predefined orders for each entry range (light red - dark red). E.g.: you divide 100% of your Bitcoin capital as follows: Light red: 20% Red: 30% Dark red: 50% For each of these areas you now define a price level in this area and place a fixed buy order with the predefined amount at the price level. You can keep the amount of work small and place only 1 order in each range or if you want to be on the safe side, you can also plan e.g. 2-5 entries in each range. You can set the weightings and entries (number and value) as you see fit, these are only intended as guidelines so that you can get an idea of what they mean. For example, we are only buying in the red and dark red areas, but not yet in the current light red area. We would advise you not to plan any exits yet, we will do that together when the time comes again. Further BTC course As already mentioned, the redder the area, the more bearish. The green areas represent the price levels from which we would claim, if we reach them, to become bullish again and thus the next uptrends could come. The greener the area, the more bullish for the long-term chart. We hope we could help you with your entry strategy planning!
by Consyder
BTC - 12/17/2022Chrimas idea time! Looks like downtrend is continuing and we may be near local top. Good time to sell/short, imo. Markets are kind of volatile right now. I don't expect too many more bounces lower before a potential reversal, but we may even be waiting for a full reversal of the fed toward decreasing interest rates before any bull runs really begin. I'm predicting into 15600 area, targetwise. Not financial advice. Use stop losses! Sorry for the sloppy chart! Happy holidays and trading. :)
COINBASE:BTCUSDShort
by O_Positive
BITCOIN: REJECTION FROM THE RESISTANCE.Hello folks, things went crazy with BTC and other altcoins recently. Here's a quick analysis of BTC in a daily timeframe. The yellow-dotted resistance was spot on and we saw how clearly the price got rejected from the resistance level. BTC is currently trying to hold $16.7k where we may have a little support. This may turn out to be a strong one but doubtful. With the RSI still having more room to dip, I expect BTC at $15.1k and a bounce back. What do you have to say about the recent BTC drop? Do share your views. Trade safely.
BINANCE:BTCUSDShort
by Dexter_The_Trader
1
Bitcoin Analysis 16.12.2022Hello 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:
by basictradingtv
16
BITCOIN: A RETRACEMENT.Hello guys, a quick update on BTC in a lower timeframe. Recently, we saw a nice 9% jump in the market and after every jump a retracement is necessary. The current rejection from the resistance level looks okay to me and we can expect BTC to hold the $17.3k to $17k level and then another rally back to $18k. So far, BTC is maintaining the rising wedge pattern and if it continues to do so, we may see some positive moves in the market. Invalidation point: $17k. Note: This chart analysis is based on a lower timeframe so do not consider it for a long-term investment. That's it from my end. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4