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Btcusdforecast

BTC possible scenariosThe second support hit was successful and the orders at 38,500 were swept away by momentum. Waiting for the final with a trip to 36,500. Perhaps it will be through a local rebound, let's see, now there is too little positive in the markets. Judging strictly by the charts, almost all indices except the dollar index now have "problems". For example, the S&P 500 has corrected decently and is trying to show growth, but if there is another wave down with new lows, then the bulls will be cooled down for the next month or even more.
GEMINI:BTCUSDShort
by smokeNplay
1
Bitcoin is drawing a nasty pictureIf you've read my analyzes in the past months, you know that I'm bearish Bitcoin and the Crypto market in general and although I've had some short-term buy trades, my overall bias remains unchanged: bearish on the medium-term. In my previous post, I draw attention to a large bearish flag visible on our daily chart. Now the price is under 40k and more importantly, it also looks like we will have a break of the support trend line of this flag. That being said, I expect a continuation to the downside with a 30k target. Also, shorter-term traders can look at 34k previous low for their target
BITSTAMP:BTCUSDShort
by Mihai_Iacob
18
BTC: A SECOND CHANCE TO BUY BACK BEFORE THE RALLY OR A BIG DUMP?Hey guys, I hope you all are doing great. Here's a quick update on BTC and the market. BTC is back in the support level after getting rejected from resistance level 1. Can we consider this as a second chance to buy BTC at the bottom before the higher rally? Well, for this we need to look for confirmation and that would be a bounce back from the current support level. I am accumulating BTC at this level and will accumulate up to $37.7k. If BTC breaks down and closes below that level then I will exit all my positions. Looks like this coming week will be good for BTC and other altcoins. The only level we need to keep an eye on will be the present support level at $39k.
COINBASE:BTCUSDLong
by Dexter_The_Trader
2
#BTCUSDT Possible area for Bounce...BTC managed to pump towards the $43k level but could't sustain the growth. This pullback was imminent with all those bullish charts being shared in the community. Late longs are trapped and it's time late shorts to be trapped too. Once it happens BTC will be ready for the rally. So far the point for bounce still remains the lower trendline support. $38.5k (wick to liquidated late longs) to $39,3k level. As long as the channel holds Bulls are in control in LTF. Some fractals plotted in the chart , do observe! Invalidation:- Close below the red line ($36,629) Let me know what you think. If my charts help you in any way please do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
19
BTC massive dump ahead $23K targetThis is a buy/sell indicator which has been quite accurate to predict long-term price action on higher time frames. Every time candle closed with a sell alert, Price dumped over 42% so now we see the sell signal popped up plus we have a death cross nearing which will further confirm the downside towards $23K. I am not saying this is a sure-shot thing but this is quite possible considering uncertainty going around in S&P500 due to interest rate hike and crypto as we know is highly correlated to that.
COINBASE:BTCUSDShort
by NasirCrypto
8
BTCUSDT - Long @41600As previously stated in my analysis, we had a pending buy trade @ 41600 which was activated yesterday. On one hand this is good news, for our long strategy, yet the latest price action are telling me to be more cautious than usual. There is more selling pressure on our path to the upside than support areas on the downside. Yesterday BTCUSDT faced resistance as it approached the 20 EMA on the daily chart. Once we push through the 20 EMA there is a major distribution area between 42000 & 43000 and at the point there are two scenarios: 1. We touch the 100 EMA and we selloff, continuing the down trend towards 36000. 2. We brake through the 100 EMA and continue the uptrend till around 52000. I usually do not change my trade setup unless it hits TP or SL. Yet I may add to my position if I recognise favorable conditions. Current setup: Buy @ 41600 TP @ 52000 SL @ 40600 Pending: Short @ 39900 TP @ 36500 SL @ 40500
Long
by Scribes
4