BITCOIN: $18K POSSIBLE.Hello guys, welcome to this BTC update in 6 hours timeframe.
For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then $18k is expected. For support, we already have the lower support line at $16.6k.
So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must.
Key points:
1. Expected target: $18k.
2. Invalidation point: Close below $16.6k.
3. Confirmation: Breakout above the blue box.
Thank you for reading.
Stay healthy and trade safely.
Btcusdlong
BTC BREAKDOWN AFTER FOMC MINUTESGreetings dear traders, today I expect even after yesterday's not entirely bullish FOMC minutes that we will maintain the trend up to about $17100 but my prediction for long is from the price of $16732
If we close below this marked level we will go lower to $16600 to $16520 which I don't believe at all today
BTC will start to ramp up within the next 30 days. Just education here, not financial advice as you can stay in cash or whatever you want.... We are on thin ice for sure. Although the long term trend is still in the selling direction (next stop around 13.7k if we break the ice).... There is still a small chance that is definitely not a popular opinion we break in fact to the upside as everyone is definitely scared, turned off, bored, and screaming for lower prices due to the economic and or government issues around the world. I have to say this one would be one for the books as most people are looking the other way. I know the elites want the poor to buy BTC below 10k.... NOT EVER! Whelp I wouldn't mind adding more at 10k or below, but all these scrums still screaming for that 10K got me thinking.... We may not ever hit the mark. I guess I will believe it when I see it. Good day! Much Love!
BTCUSD LONG SELLBitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class, and a huge step away from traditional, centrally controlled money. Today, many advocates believe Bitcoin will facilitate the next stage for the global financial system, although this — of course — remains to be seen.
BITCOIN: A PUMP TOWARDS $17K.Hey guys, here's a quick update on BTC in 3 hours timeframe.
BTC has been struggling to break through the 21 MA resistance level. The good thing is that BTC is still above the support level and until and unless BTC stays above it, we can expect a jump toward the $17k.
So, I am aiming for $17k in the short term. The invalidation point will be a candle close below the support line. What do you think?
2014-16 Bitcoin Bear Market VS 2021-232014-16 Bitcoin Bear Market VS 2021-23..?
A bear market refers to a declining market trend, characterized by falling prices for securities. In the context of Bitcoin, a bear market refers to a sustained period of declining Bitcoin prices.
There are a few different reasons why a bear market might occur in the Bitcoin market. One possible reason is a general loss of confidence in the asset, which can lead to a decrease in demand and a corresponding drop in price. Another reason might be the emergence of new, competing cryptocurrencies that investors perceive as being superior to Bitcoin, leading to a shift in demand away from Bitcoin.
Bear markets can also be influenced by external factors, such as regulatory changes or economic downturns. For example, if a government were to crack down on the use of Bitcoin or other cryptocurrencies, it could lead to a decrease in demand and a bear market.
It is difficult to predict exactly when a bear market will occur, as they are often the result of complex and multifaceted factors. However, it is worth noting that Bitcoin and other cryptocurrencies are highly volatile and have experienced several bear markets in the past.
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Bitcoin BTCUSDHello Traders,
BITSTAMP:BTCUSD Is facing a lot of bearish pressure.
If you look at the chart the 'last pattern on weekly chart that can give us filtered information is a head & shoulders with neckline test pointing towards the blank box in the 6200-3600 area that could give a push for strong buying.
Thank you all , please leave a comment with your chart and comment with your TA analysis.
Illyrian Finance
#2023- ACCUMULATE, #2024- RIDE. Here's my Plan!!BTC has been trading under the same range for the last 9 months.
Traders are bored nad many are leaving.
I will share my plan in very short for 2023 and how I am preparing for the next BULL RUN!
History doesn't repeat but it often rhymes.
This time many geopolitical and fundamental situations have hindered Bitcoin's price developments.
THIS IS MY OBSERVATION AND PLAN!
1. BTC is likely to move under the range of $16k to $30k for the next 17 months.
2. You'll see 40%+ month;y candles too.
3. The damage has already been made so even if BTC makes a new bottom it will be somewhere between $11634 to $13860. IMHO, It will be the opportunity of a lifetime.
4. December month has been very important for Bitcoin's price developments. As per the above chart, THE ACCUMULATION PHASE HAS BEGUN!
5. This is not the time to be a BEAR, but Rather be a practical trader, and think like an investor.
6. MY Plan is to accumulate BTC as much as I can from my other investments and passive sources.
7. Trade on Futures with less than 5% capital for frequent market updates and charts.
8. BTC is likely to hit $30k + by May 2024 before it finally takes off.
9. For 2023 I see BTC reaching 30k by EOY even if we hit $11k! (Decent target)
10. Good thing you have a lot of time to accumulate BTC at sub 20k!
11. This is a filtration process make sure you are positioned.
WHAT DO YOU THINK? Do let me know your thoughts!
Thanks for all your support throughout 2022.
Expecting the same in 2023.
I wish you all and your families a very happy and prosperous new year.
Also do not forget to hit the like button.
#PEACE
Bitcoin Monthly Market StructureThe measured move on this latest bear flag lines up perfectly with the demand zone that caused the bullish break on a macro scale/on the monthly chart. That demand zone also happens to line up perfectly with the bottom of the macro GP as well as a macro POC. This is where I would expect to see the cycle bottom and it will likely be an epic swing long opportunity if/when it hits.
BTC FOR POTENTIAL MOVE UPAs you can see on the hourly chart we successfully broke out of the local downtrend and could have a momentarily move up but DO NOT GET YOUR HOPES UP as we are still in an overall bearish market.
Potential take profit zones are to the nearest local resistance levels but first take profit is at previous local high
Have a good day and may the market treat you well.
btcusdtbtc is on a range from last 14 days .currently at golden fib important support ,should not be broken or it may come to the retest of 0.786 and secondry test of gartley harmonic .after such consolidation volatality is expected soon .we might see a stoploss hunt to the late shorters .expecting 17k soon
NFA DYOR
BTC in 2023Happy new year to Y'all
i am updating my BTC analysis right now we almost done with WAVEE Z which is last wave in A before getting B and it is up to 48K nut my first target will ne 31000 ( will keep you updated once we reach it )
so for short time I think we going to break 15800 and might visit 14-13K as a reversal area
peace :)