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Btcusdtforecast

#BITCOIN DAILY UPDATE.#BTC daily candle closed at $66452 which is bullish in the short term. It is likely to hit the $68K level. Once that target is reached, the price could push for a new all-time high. However, there’s also a chance of a quick retest at the $61K level—potentially forming a long wick followed by a sharp bounce. Keep this scenario in mind and remember, Bitcoin is still trading below resistance. Trade carefully. Cheers! Do hit that like button if you like it and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
btcusdtbitcoin has been gathering strength for a long time. I expect the 8-12 month target to be around 87400 USD. I mainly think that the price will remain above 22900 and cannot make a weekly close below it. Therefore, I would like to say that any correction to be experienced is an opportunity to buy. Today is an opportunity for 45 thousand and 55 thousand dollars as soon as possible and I stand behind my analysis. Closings above the general target, with the general target being $87400, will also pave the way for a new historical rally for bitcoin.
Long
by Herif
1
BTC two shorts plans1D time frame - BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio. First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8. - (1) Double top: TP: 38500 (+21%) SL: 49670 (-2.5%) (2) Liquidation zone: TP: 31800 (+37%) SL: 53250 (-4.5%)
Short
by EthanTW
2
BTC short at 48500~5250012 time frame - BTC is approaching to the predicted top now, from our previous analysis, that indicated 48k is the top of this bear. However, considering the heated news about ETF, no matter truly or false approved, I think 52500 is the limitation for pump, so this is a proper position to set up a trading plan to short BTC with low leverage. Here are suggestions for position control: 1. ETF approval (a) BTC > 48500: leverage: 30% of total fund (b) BTC < 48500: wait for retest 48500 leverage: 30% of total fund 2. ETF rejection (a) BTC > 48500: leverage: 40%~50% of total fund (b) BTC < 48500: wait for retest 48500 leverage: 40% of total fund
Short
by EthanTW
2
BTC 4HR Analysis - Bull Channel Breakout to Weekly ResistanceBTC/USD broke out of the previous trading range to $35,000 and has been in a bull channel continuation pattern since. Just above this bull channel is the weekly bull channel resistance which happens to be a perfect measured move setup from the previous breakout level. The probability is in favor of a breakout to the upside to at least touch the Weekly channel resistance at $37,500. If the price span of the channel is the measurement of the move above the channel, we could see just above $38,000. Key Points: 1. Bull Breakout from the previous trading range 2. Bull Channel Continuation Pattern is playing out 3. Price is near Weekly Channel Resistance just above the bull channel 4. Gap to fill to the Weekly resistance with a Measured Move 5. RSI has Room to Move Up As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
INDEX:BTCUSDLong
by TraderEngineering
1
BTC bext bottom1D time frame - Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today. Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib, let's see current potential retracement level. Secondly, dump from 69000 to 15476, 35992 is 0.382 Fib Retracement. Thirdly, dump from 48189 to 15476, 35693 is 0.618 Fib Retracement. Further, Bitcoin is creating a big ascending wedge, which is bearish. According to these three factors, we can judge 36000 is current PRZ. This PRZ is made of different Fib level and structural resistance. Therefore, if BTC get rejected, we can expect it to break below this wedge and target is 17600~18600, same as previous perspective.
by EthanTW
5
BTC excellent short entry 3090012h time frame - We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below. TP1: 25000 TP2: 20300 TP3: 18000 Also, 17000~18000 is the expected bottom before bull. - ref.1 Head and Shoulders structure ref.2 Harmonic pattern ref.3 Diamond structure
by EthanTW
2
BTC btttom 18k1D time frame - With the fake new(BTC ETF approval) released, Bitcoin matched our previous analysis by unexpected trend on 16th October. Currently, Bitcoin is creating a potential Diamond structure, which is a top structure here, and it could be regarded as Head and Shoulders structure(ref.1). According to this Diamond, Bitcoin might retest 30k again in near future, and start going down by December, once Bitcoin breaks below this diamond, huge dump will be following. There are four targets for the trading plan. TP1: 28000 TP2: 25000 TP3: 19500~21000 TP4: 17600~18600 Range 17600~18600 is the bear bottom I think. On the basis of time structure, we can see this price around December '23~January '24, get ready for this sweet price! Ref.1 Bitcoin analysis about HS structure and bear bottom.
by EthanTW
BTC target 29k in October4h time frame - According to previous analysis about Butterfly pattern on Bitcoin(ref.1), there is a PRZ around 29000~29400. Today, we are going to talk about the time analysis, if take a look at the analysis about Bitcoin bear bottom (ref.2), a potential top structure-head and shoulders was pointed out in that post. Further, separating the left shoulder into two waves, from the dumping wave(31000~24700) took 62 days to create. This date range allows us to estimate the time that right shoulder needs, and the best timing to reach RS top is before end of October. Obviously, once Bitcoin start pumping and going into PRZ, we can open short there, and there are two scenarios(white & blue trend), I will talk about these two potential scenarios, including target, stop loss and risk in near future ref.1 ref.2
Long
by EthanTW
BTC Butterfly Pattern (entry 29100)4h time frame - Bitcoin is approaching the falling trendline which Ethereum already broke out, so we can predict Bitcoin tend to go upside in near future. Also, Bitcoin is creating a potential bearish harmonic pattern_butterfly, which utilize 1.272 Fibonacci Projection to estimate PRZ at 28900~29100. Further, combining our previous analysis of potential Head and Shoulders structure, the top of right shoulder might appear at the range 29150~29500. Therefore, once Bitcoin maintain this pumping momentum and go into this zone, we can observe whether reversal PA appear, then it could be the best short entry before this bear bottom.
by EthanTW
1
BTC 2 scenarios about short & long2h time frame - (1)Head and Shoulders On the left chart, Bitcoin made a potential HS as our previous analysis. Currently Bitcoin broke the neckline at 26378 and is going to retest it, if get rejection at 26378 again and broke below 25990, Bitcoin will finish the retest of HS structure, and target is 25270. (2) Falling wedge On the right chart, Bitcoin is creating a potential wedge, which could be regarded as the continuation structure of the pump wave(24853~27485). Bitcoin might make a lower low at 25800 to reach the wedge bottom again, where is also the Fibonacci retracement 0.382. Therefore, we can keep an eye on that range to open long, if Bitcoin get rid of this falling wedge, target is 27484~27827 first.
by EthanTW
BTC create small Head and Shoulders 2h time frame - There are two resistance zones Bitcoin reached recently. 1st at 26650~26850, 2nd at 27450~27800. Standard strong pump should turn the 1st zone into support after breaking up. However, we can see Bitcoin just went down through 26650~26850. This trend implies weak sign on market. Therefore, if Bitcoin takes more time to create a consolidation structure between 26350~26930, a Head and Shoulders will be following. TP: 25824~25694 / 25271
by EthanTW