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Btcusdforecast

BTC: A PERFECT BOUNCE OR A TRAP???Welcome members to the quick update on BTC. "Many traders are not liking the recent BTC dump. BTC is almost breaking down below the support level but we cannot confirm completely as we still have roughly 19 hours left for the candle to close. This could turn out to be a wick and BTC could bounce back or BTC could dump further down." This is precisely what I wrote in my previous update and it did turn out to be a wick and bounce back. The candle closed precisely at the support level and formed a green candle which is a good thing. We roughly have 4 hours left for the weekly candle to close. It is essential for the candle to close above the support level. If things go well then we will see a perfect bounce soon. If not then it may turn out to be a big trap. What are you thinking about the current BTC price? Share your ideas with me. Do like and follow for more updates. Thank you.
COINBASE:BTCUSDLong
by Dexter_The_Trader
BTC Bitcoin Long Term target This is Monthly Log Chart from Bitstamp as it has data since 2011. More history and past data helps in analyzing the behavior and price structure. Three Analysis on a monthly log chart on BTCUSD pair. (1) Harmonic ABCD Distance covered in AB Leg is same as Distance covered in CD leg (1:1 extension). C point as shown in the chart is retraced to 0.382 Fib of AB Leg and D point is at 2.618 Fib projection of BC Leg. (2) Elliott Wave Analysis You can see a Zigzag on a major degree. Zigzag is ABC where A leg is impulsive, B leg is corrective and C leg is impulsive. I have marked Substructure within zigzag clearly where in 12345 impulse is shown with blue colors and ABC correction is shown in red color. Note that this counts are based on monthly long term counts and usually in zigzag Wave A and Wave C are often at the same distance meaning distance covered in A leg is roughly same as distance covered in C leg. As we know EW Waves are fractal in nature I can go in major degree wave and count sub-waves and I will do that in some time in the lower time frame to count waves accurately with its FIB relation. But Usually this Zigzag and its impulse subwaves are preferred count. Alt count is not shown here. (3) I have also shown Modified Shiff pitchfork and analyzed price against the pitchfork FIb levels. Pitchfork is very useful tool in analyzing the price and its long term trend. As you can see it took resistance around 1.618 FIB last time and retracement usually goes till median Line. With the same logic (and there is no reason to believe that it should not work this time) I am expecting roughly around 17K to 19K Price range where BTC should come. Hope it helps. Cheers KB
BITSTAMP:BTCUSD
by Kru-KB
6
#BTC/USDT More pain? Or is it over? What happened in the last 1 week was unexpected and painful for many. Now what's really important is whether BTC is already bottomed or not. BTC made a low of $26,700 way lower than the previous support of $29k. Now people are very panicked just like the covid time. Also to notice, BTC is currently trading around the 0.618 Fib level extension which also happens to be the golden ratio. The selling volume is high just like Covid, March 2020 and May 2021 which was followed by a V- shape Recovery. So these are my thoughts:- Breaking below $26.7k could take us all the way to $20k which is the previous support. In case that happens, it will be rapid. There's no hard support between $20k and $28k. With all the FUDs across the market, it's tough to make any concrete calls right now but one thing is for sure, If you were looking to accumulate BTC, this could be the right time to start accumulating. Am not sure about Altcoins since BTC Dominance is going up against better to be positioned in BTC and stables. If BTC holds the green zone expect some good recovery in the next few days. This is just my thoughts, not any advice. You are responsible for your own trading and investing. Let me know your thoughts Thank you #PEACE
by Cryptorphic
11
BTCUSD - drastic Hello Traders, From the market of Bitcoin 200 billions wipe out. People loose big money. Why this happening? The answer is very simple. They do not pay attention to technical analysis. If you know them, then is very simple how you control your portfolio in crypto. You have many tools that provide indication of price change direction. Closed you position and case closed. You can open again when price change directions without loosing so much money. This what I am showing you in my analysis, future change direction, trend line (which are incredible tools), channels and many more. As a traders our task is to get as much as possible profit and with small losses. There are the new candlestick formations that showing support and resistance. Candlestick formation are very powerful indicators, but they have be confirm by support/resistance (SR) - true SR. There is very high probability to predict hight of swings (waves). Look on USD Index, this will gives you idea that is going on with cripto. I hope you not one of the traders that lost crypto. Cheers, Jim
BITSTAMP:BTCUSD
by jimmycdn
WILL BTC DUMP FURTHER OR BOUNCE BACK??? Welcome members to this BTC update. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. Let me keep it short and simple. Many traders are not liking the recent BTC dump. BTC is almost breaking down below the support level but we cannot confirm completely as we still have roughly 19 hours left for the candle to close. This could turn out to be a wick and BTC could bounce back or BTC could dump further down. It will be a wise decision to stay away from trades and observe the market. I will close all my spot holdings if BTC fails to close above the support level.
COINBASE:BTCUSD
by Dexter_The_Trader
Bitcoin- The pressure remains strongly to the down sideAfter reaching the 30k figure, as was normal, BtcUsd has had a rebound. However, this rebound was short-lived and the price is near 30k again at the time of writing. Yesterday's candle has a long wick to the upside and it looks like today's candle will not be different. This can mean strong selling pressure and could lead to a break under 30k. Supports come into place 2 from 2k, at 28 and 26 with important congestion support at 24k. Short-term traders can target this 24k for their sell trades with negation above 33k.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
28