Bitcoin Analyze (Short Term, 15-minute Time Frame,02/28/2023)!!!Bitcoin was able to break the uptrend line by a breakout candle.
I expect Bitcoin to fall to my targets that I specified in my chart.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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D-XBT
Bitcoin Technical Analysis overviews#BTCUSDT
As selling pressure eased in the cryptocurrency market, the price of Bitcoin rebounded from its local support level of $22,700
This bullish recovery has resulted in a 1% gain over the last 24 hours, with the current price at $23500.
Despite this rise in price, the decreasing trading volume suggests a weakness in bullish momentum.
Therefore, it is more likely that the Bitcoin price will revert from the $24,500 resistance level and continue the ongoing correction phase.In the event of sustained selling, holders of the coin can expect a retest of the $21000 mark.
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$BTC/USDT 12h (#Bybit) Ascending trendline retestBitcoin just printed a shooting star like 6 months ago, which is a reversal candlestick.
Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (7.0X)
Amount: 6.8%
Current Price:
23776.0
Entry Zone:
23809.5 - 24317.5
Take-Profit Targets:
1) 22860.5
2) 21954.5
3) 21049.0
Stop Targets:
1) 25070.0
Published By: @Zblaba
Rejections BTC BULLSlets make a good analogy
you at a table with a lady
first you start to order for her (first wick)
then she starts to ignore you becuz youre being pompous (second wick)
you order an uber to your place and tell her to hop in (last wick)
she calls for her side nigga and then gets the LONG (blast off)
all i see is higher highs and lower highs and a fomo spike regardless of worldly things
banxza is a fetching app on metamask that fetch(s) quotes to deliver M2/fiat currency directly from metamask to apple pay/bank acc/cashapp(possibly) and etc.
there is too much axillary outlet products why not just go crypto today
Bitcoin Price Forecast Based on Technical AnalysisBitcoin has been making waves in the financial world and has been attracting a lot of attention lately. With the current trading price of $22,750, investors and traders are keeping a close eye on the market movements. Technical analysis is an essential tool for understanding market trends and predicting future price movements. In this context, the analysis suggests that Bitcoin is facing resistance at the level of $23,500-$24,500.
A closer look at the weekly chart shows that an inverted head and shoulder pattern is forming. The left shoulder and head of the pattern have already been formed, but the right shoulder is still in the process of being completed. The completion of the inverted head and shoulder pattern could result in a dip in the price of Bitcoin, potentially reaching a range of $17,000-$18,000.
However, if the resistance level is broken, the price of Bitcoin could rise significantly, reaching a range of $32,000-$35,000. In this scenario, it is important to keep in mind the strong support level of $18,400.
In conclusion, Bitcoin is currently facing resistance, and the outcome of this resistance will be a determining factor in future price movements. Investors and traders should keep a close eye on the market and be prepared for both scenarios. Technical analysis is a valuable tool for understanding market trends, but it is also important to keep in mind that the cryptocurrency market is highly volatile and subject to sudden fluctuations.
"Thank you for reading my analysis on Bitcoin's current market trends. Please consider liking, following, and sharing to support my work. Your appreciation and feedback are greatly valued. Stay tuned for more updates on the crypto world!"
BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023 BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023
Based on the data from DVOL, we can see that currently the IV for this week is at 58.03%, down from 64.38% last week.
This can be translated in +/- 8.05% movement from the open of the candle, which makes the next top/bot channel
TOP: 25655
BOT: 21833
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at 78%(80% since 2022)
From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
70% to touch the previous weekly high
27% to touch the previous weekly low
At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: +26% Bullish Trend
D Timeframe: +80% Bullish Trend
W Timeframe: 0% bullish/bearish Trend
Lastly on average, based on the current percentile, we can expect that our asset is going to move:
4.6% from the open candle for the bullish scenario
7.24 from the open candle for the bearish scenario
Bitcoin 36% up from Support Level#BTC/USDT
$Bitcoin Bounced from perfect level and now Trading around $23000
Already 36% up from our Level.
Now..?
Resistance:- $23000/$24500
If Bitcoin Break $23000 level then we can see $24500
But If rejected from those Resistance level then Support $20500/$18600 ready
Trade with confirmations guys.
🅱️ (₿) XBT Ultra-Bullish ConsolidationI don't what people keep saying but we focus on the charts, we read the charts and get all the information from the charts.
One can guess and say things are this or that based on assumptions but the charts make no assumptions... Here is what XBT is saying on the daily timeframe.
Straight up!
We have a very strong RSI, ultra-strong.
After the initial break that ended 14-Jan., we see no signs of a retrace instead a very strong bullish consolidation.
Slowly bitcoin continues pushing higher, more likely waiting for all the bears to short so that they can be squeezed again.
There is resistance though, for certain, at $21,488.
If this level can be conquered bitcoin can go straight ahead.
If XBT fails to break above this level, we still remain 600% bullish all the way through late March.
We will see how it goes.
In the case that it drops suddenly, as the market tends/likes to surprise, we are super safe for a higher low.
See the two arrows:
1- blue straight up.
2- black small retrace then back up.
Namaste.
Bitcoin Goes Bullish (Easy 333%+ Potential 10X Lev.)Bitcoin (XBTUSD) following in the footsteps of Dogecoin, Litecoin and soon Ethereum, is also very likely to go bullish.
We have a nice but risky setup here.
We can go beyond 333% on 10X Lev.
Trade at your own risk.
Leveraged trading is for expert only and can result in liquidation.
Do your own research before trading.
Use a stop-loss, risk management and all the tools available at your disposal to maximize potential gains and reduce potential loss.
This is not financial advice.
Namaste.
BTC: WATERSHED MOMENTTLDR:
. A possible hidden bear divergence at critical resistance.
. CPI release might drive the price all the way up to the golden pocket above.
. Reclaim the range low with consolidation after breaking above the diagnol, and then range low will be a decent bid.
. Close the current candle below the golden pocket down below (white) and new lows are likely.
. Hands-off for now and waiting for this candle close to determine the possibilities ahead.
🅱️ ₿ Weekly, Best Case Scenario... First Time Since April 2020After recovering from March 2020 low bitcoin moved above EMA10 signaling the start of the bull-market.
In this bull-market, the first time that bitcoin dropped below EMA10 it happened in May 2021 after the $64,862 All-Time High.
This signaled the start of the bear-market with a 55% drop.
A dead cat-bounce followed which ended in a double-top in November 2021... Guess what?
Bitcoin moved below EMA10 on the weekly timeframe... Signaling the start of the 1 year+ correction.
Only slightly in March/April did bitcoin managed to move back above EMA10 but a rejection soon followed and the bear market resumed.
Now, for the first time since April 2020, bitcoin is moving above EMA10 to the upside on the weekly timeframe, signaling the potential switching from the bears (red) to the bulls (green).
Here let's take into consideration the best possible scenario for the next target:
Fib. extension gives us two major resistance levels (targets):
1) $35,928
2) $48,557
Trend-based Fib. extension gives us the following two:
1) $40,356
2) $55,721
So instead of looking at the worst case scenario, let's look at the best case scenario possible.
These are the potential target for a recovery/relief rally in 2023.
Namaste.
🅱️ XBT Short-Term 1H | 8-Jan.Expect this ascending channel to break to the upside...
It will only speed up and continue higher and higher.
By late January bitcoin should be growing at top speed.
Expect the entire cryptocurrency market to grow.
Expect the altcoins, big and small, to also grow.
Instead of the classic one drops while the other grows, expect everything to grow together after a while, the division will start but only after multiple resistance levels are conquered market-wide.
Happy 2023.
Namaste.
Bitcoin | Boring Consolidation Continues..!!
Bitcoin Boring Consolidation Continues..
Bitcoin is forming Falling Wedge in Daily timeframe..
Volume has been Decreasing since FTX Crash.
If Bitcoin Can Recapture 17k Resistance, It'll open the Door for a Potential Bullish Wave.
On the Other side, Bollinger bands Extremely tight for the first time since November 2018 which is Indicating a big Move ahead.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
🅱️ XBT Short-Term 1H | 2-Jan. | New Drawings, New Target $17.5kThe main target for this wave, short-term, is now set at $17,580.
So far we are seeing slow steady growth within an ascending channel.
By, or after,12-January 2023 things should really speed up... Get ready because it will be a lot of fun.
Make sure to check the Act Now! Strategy in the 'Related Ideas' below.
Namaste.
🅱️ XBT Short-Term 1H | 2-Jan. Bitcoin (XBT) is moving ahead building momentum... The breakout is going towards the bulls.
As usual, this is our short-term timeframe (1H).
In this timeframe XBT has gone above MA200 and EMA300, our longest moving averages.
This translates into a strong bullish signal.
The RSI is really strong now at 67.
With these signals in place, we can expect higher prices.
Next target is set at $16,840 after the 0.382 Fib. extension gets conquered.
Then we have $16,930 followed by $17,059/$17,221.
Strong support is set at $16,650.
If you want to see additional targets, visit yesterdays trade idea on the 4H timeframe where we look at the resistance levels until $20,000+
🅱️ (₿) Bitcoin 2023 | Multiple Higher Lows Since 2022 | $20,960 Target
Happy new year and thanks a lot for your continued support.
Namaste.