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Btcusdforecast

Will BTC Continue to Decline?This month we will observe the third candle equation of the 3 candles close, which is an important figure in every analysis. After the big decrease in the monthly period, the 3rd candle is in the cycle that includes September. We can observe a new uptrend with a close above the $25300 level or a downward trend with a close below the $17600 level. I think we will see the 12-13 K levels that I mentioned in my previous analyzes. However, after an upward jump, it may show an upward trend with a manipulation move and regress to 12K levels. Manipulation has been common in past years. But the growing demand for cryptocurrencies has made large stock market and investment companies more greedy. Of course this is my opinion. My have no argument to prove it. But when I examine the graphs by expanding them, the manipulation moves prove themselves for everyone. Even someone without technical knowledge can understand this. With the proliferation of futures transactions, I feel like the crypto markets want to extort the investor's money by manipulating price movements instead of making money from the profit they will receive from the investor. This is my opinion . It could be right or wrong. But if you observe carefully, the exchanges' own money moves on very large percentage slices. In addition, the names we call whales are openly trying to put people in harm's way by using social media. Whenever Elon Musk or Saylor tries to give people tips on social media, prices move in the opposite direction of the tips they give. I've tried to warn people about this before. Both futures trading and social media rumors are dangerous for every investor. I wanted to say these things because I think the manipulation movements will continue. In the coming days, if Mr. Saylor or someone comes out again and says that bought a large amount of Bitcoin, be careful. Back to the analysis; Daily closures below 17600 will reduce prices to 14-12 K levels. closures above the 25300 levels may move prices to the December 29-35K range. 32 thousand dollars and 12 thousand dollars constitute the major support and resistance in the monthly period. When prices move up or down, there will definitely be a sell or buy reaction from these levels indicated. From a technical point of view, when we measure, I see that the harmonic pattern that I said would occur on Btc in my previous analyzes has been completed. But I think that the third candle, which I mentioned at first, will be completed with a downward movement. Although the pattern has completed its technical characteristics, the downward progression of prices does not invalidate this pattern. On the contrary, it strengthens. The only pleasing aspect of this downward movement is that the pattern indicates the bull run. When BTC enters an uptrend again and catches a bull run, we can think that prices will rise very much above the peak of this pattern. When we examine the candles of the last two weeks, we can see that the closures are in favor of the bear. On the chart, you can consider closes below 0.618 as a bearish close, and closes below 0786 as a strong bearish close. This means that it indicates that the next candle may be downward. Although the sum of these two candles gives a figure like 14800, I don't trust candle mathematics very much. That's why I don't accept it as true. But it's best to be careful, considering that there may still be a decline. The Weekly Rsi 32 appears in the Monthly Rsi 42 and the daily Rsi 30. This shows that there are still enough numbers for a downward trend. But even if the downward trend continues, I think that piecemeal purchases from these levels will leave a profit. If we think about the price of 20 thousand dollars, it seems that a decrease of 5-6 thousand dollars can be a big cost loss. But the recovery of a downward movement from these levels will again be fast. When we think about it from this point of view, it seems that piecemeal purchases can make a profit during the decline. But since it is still a risky strategy, I find it more reasonable to wait until the last moment for a buy or stop loss and evaluate it when prices return. The profit may decrease, but the risk will decrease just as much. The cmf indicator seems to produce an al signal in a weekly and daily period. But in the monthly period, I still consider it negative because the indicator does not produce enough signal for reception. The Aroon indicator is below 20 in all time zones and the adx indicates that the decline is weakening. Although adx and aroon produce a buy signal, the fact that the weekly candle closures I just mentioned are in the bearish zone suggests that it is early for an upward position. Note: This is not investment advice..
by CryptoBrainn
BTC close to a reversalHello Everyone. Let's dive deep into BTC today. We have a very interesting set up at this level. BTC have been moving in an uptrend channel for the past 10 years. We can appreciate that BTC is now flirting with the lower boundary of the channel providing Maximum risk reward ratio. During previous bear markets the bottom trendline of the channel has worked as a strong pivotal point providing support and a level to look for a potential reversal. Probabilities also improve if we apply Elliott Wave analysis. We can appreciate that BTC have suffered a truncation at 70k with the early end of wave 3 of the last cycle. EW suggest that a point of interest for a retracement is the 0.382-0.5 fib level of the previous wave. This is perfectly in line with the current level and previous low of 17k. We can also apply the measurement fib extension tool to see if there is any other level of interest which is in line with the current level. We can see that this last move is the 1.3 fib extension of wave A from the end of wave B which project us to were BTC is standing now. I know there are some warning signs at this level as BTC lost the 208 MA support. However, the mean (208MA) still on upward slope suggesting that the secular trend has not reverted its course yet but instead we are still in a secular bull market. If we go deeper looking at the oscillators and other indicators we can see that the RSI have now crossed up the oversold band from a deep low giving a possible buy signal. Also we are now approaching the RSI bear market trendline, which if penetrated will give a strong buy signal. Looking at the DMI we can see that as per now we are looking at a swing failure with a possible Lower High if we pivot at this level. This would also signal that bear momentum is dissipating and bulls are slowly gaining control. Last but not least is the volume. I personally do not like to look at volume on Bitstamp as I believe it is misleading as it is a low volume exchange compared to coinbase, binance and FTX. Nevertheless we can see we had to above average spike in volume back in May and June, which suggest a possible bear market climax, followed by a below average volume in the next few moves. This suggest interest as dissipated in the market and supply has stalled. These are great conditions for a reversal. If we were to look at Binance however we would notice that volume has actually increase substantially at these levels, increasing the possibility of an accumulation phase at these levels. Nevertheless there is a possibility that we will see one last spike of volatility to the downside, which if it happen will be very quick and painful but I see it unlikely to actually stay below 17 k for a long time, it will be more probably a spring, or spike pattern. This level meet my criteria for a long position and possible reversal, hence I am now looking to position myself at these levels. In case we were to lose the previous peak support at 18900, then I would switch to dry powder and wait on the sideline until a reversal pattern unfold. I hope you enjoyed the analysis and do not hesitate to contact me if you have any question. FOLLOW ME, SHARE, LIKE AND COMMENT
BITSTAMP:BTCUSDLong
by CFcryptoTA
1
BITCOIN: TESTING THE RESISTANCE.Hello traders, welcome to this BTC update in a shorter timeframe. Timeframe: 3 hours. Recap: As per our previous chart, BTC maintained the support level following the bullish divergence pattern. It bounced back from $19500 (divergence support) to $20500 (current resistance). Update: BTC in a lower timeframe is forming a bullish falling wedge pattern which is a good thing for the market. The current resistance will decide the next flow of the market. 1. Breakout and retest will allow the market to move in a positive direction. 2. Rejection will drop the price back to $19300. Conclusion: The market is in a perplexing stage at present and on top of that the FEDs. It will be wise to wait for a confirmation. I hope this idea was helpful for you. Let me know your ideas on the current market scenario. Note: This idea is in a shorter timeframe. So, take your trades accordingly. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BTC: Bears never left!Bitcoin Intraday - We look to Sell at 20769 (stop at 21211) Our short term bias remains negative. Preferred trade is to sell into rallies. Previous support at 20800 now becomes resistance. 50 4hour EMA is at 20757. Broken out of the channel formation to the downside. Our profit targets will be 19731 and 19231 Resistance: 20800 / 21500 / 22000 Support: 20000 / 19500 / 19000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
BTC (short term analysis)BTC / USDT Price is hitting 1st critical support zone mentioned in my last analysis 19500$ from there we got small bullish reaction and formed a small falling wedge WHAT NEXT ? – If falling wedge resistance broken upward we are looking for 21500$ - 23000$ – If support zone break down with daily close below 18800$ we are looking for 17k or lower So, Never trade without plan Iam waiting your thoughts and opinions about BTC in comments section below ⬇️
Long
by Babenski
35
Holding my short down through giant BTC bear flag Yesterday I opened a short on BTC at 19950. Right now it looks like we are waterfalling down from the giant bear flag that was last month. I've placed a stop loss around 22k, and planning to hold until the upper 18k area; then I'll reassess the situation and see if I should take profit or potentially add to the short. This idea is more of a swing trade for a couple days; it's not meant as a short term trade, and I'd recommend having a wide stop loss and smaller position size. Because of Powell's speech Friday the general sentiment is bearish; stocks have dropped significantly over the weekend as well.
Short
by fluffystat
4
BTC weakening I haven't posted on here for quite a while, so I decided to update you on BTC. We can appreciate that BTC has been forming bearish flags throughout this bear market. These are typical distribution patterns where traders take profit and bottom pickers gamble based on thin assumptions. We can see that every time BTC broke out these formations it resulted in a strong volatile move to the downside. We also have similarities in how every time BTC recovered above the 52 MA, the loss of it would validate the pattern providing resistance and points of entry for shorts. BTC had a mild reaction based on the last inflation data that had found resistance at the Anchored VWAP of the bottom of 2018. VWAP are level of interest where institutions look for liquidity in either sides (Supply and Demand). Institution and big funds to enter or unload their bags need a high amount of liquidity in order to fill their orders or pass their assets to you, otherwise they would create a strong reaction in the market or simply lose money in the spread created. VWAP is volume weighted average price so track the price average weighted for its volume suggesting areas where the price has strong volume. BTC at the moment has clearly broke out the formation, however this time it seems there is less gasoline on fire. We have a very important level to keep our eyes on which is the previous 2017 peak. This level proved to be a strong support. At the same time the price have been overstretched to the downside which is clearly shown in the oscillators. I would be cautious at this point as strong volatility may enter in both sides at this 18800. The pure target of the formation is down to 11k which is a strong possibility now. However pay attention at the data at 18800 as things may reverse quickly. Short term I expect a retest to the broken support of the formation before a continuation to test the 18800 support. At the moment I am staying on the sidelines waiting for a strong candle signal which either confirm the downtrend and show a potential reversal. In my community we have recognised the warning signs early and we are out since 24000 avoiding a 17% drawdown of the last drop. Just always remember to use sound risk management...DCA can be powerful long term (5 to 10 year) but short term will destroy your capital as I believe we don t have infinate fund and you will find yourself in a strong losing position. DCA is best at the beginning of a bull trend rather then in a bear market. FOLLOW ME, SHARE, LIKE AND COMMENT
by CFcryptoTA
BITCOIN: BROKE DOWN BELOW THE SUPPORT.Hello traders, here's a quick update on BTC in 8 hours. Recap: In my previous update, I mentioned $21k to be a support zone for BTC. It did try to stay above it but ultimately failed to hold it. Update: The current scenario isn't looking suitable for BTC and if it continues to drop then we have support at $19k. The interesting thing to see is even after this drop the RSI is making a bullish divergence. Can this be a fakedown? Maybe. If not then $19k could possibly be good support for BTC. I have been accumulating BTC lately and I will continue with my accumulation instead of closing it. Let me know what you guys are thinking about this recent drop. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4