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Whereisthebottom

BTC: $10K IS THE BOTTOM BY THE YEAR END! HERE'S WHY....Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this exclusive BTC update. Read the complete analysis carefully. I'll try to explain everything in very short and simple way. Before get to the analysis, I'll tell you this analysis is based on 2018 bear market fractal. I'll add the 2018 chart below so check that chart too for clear understanding. Now, let's get to the chart. Currently, BTC is trading around $18.7k level. According to this chart, BTC is forming a big falling wedge like structure in 2days time frame. The same falling wedge kind of structure was formed in 2018. As of now BTC has a very strong support at $18.5k level and holding that level pretty well so far. If we look closely both 2018 and 2022 bear market structure we found really similar things. In 2018 BTC breaks below it's important support level ($6k) and starts dumping in mid of November and dumped almost 50% so I'm expecting the same thing this time also. What I'm expecting this time:- 1) A bullish rally up to $22k-$23k in the month of October. 2) BTC breaks below it's important support ($18k) in mid November. 3) BTC made it's bottom at around $10k-$12k by the end of year. 4) After this bottom, BTC starts recovering slowly and a new bull run will begin. Invalidation level:- I have a very clear invalidation if this chart is not played out. If BTC 2D candle close above $23k level then this chart becomes invalidated. Hope I'll clear all your doubts and this chart will help you to understand the current market situation very well. If you have any doubts then feel free to ask in the comment section. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
BITFINEX:BTCUSDShort
by CoreCrypto1
10
Adani Port ? What to do in this falling market ???Adani Ports and Special Economic Zone Limited Trend Analysis: After a fall on March 2020 due to Covid-19 stock is in uptrend and showing a resistance on two point on high of 9th June 2021 and 18th Oct 2021 From where stock has given a strong reversal. On down Side It took support on 17th June 2021 and since then it has taken support with that trend line . It has made 5 bottom since 17th June 2021. Now, since last swing from 30th Nov 2021 to 10th Dec 2021 stock has taken a reversal from resistance exactly at 61.8% of fibbonaci levels. RSI is also in Oversold zone below 30 in 1H time frame expecting a bounce back. Now I strongly believe that stock can further tumble to it 78.6% of last swing and that would be a turning point of Stock where it can take support on it’s trend ( 6th Time) and can bounce back to its immediate resistance at 775. So 715-710 would be a good buying opportunity which has a stop loss below its support at 678 for the target of 775 (Risk Approx 37 Rs . and Reward Approx 60 Rs . Per Share)
NSE:ADANIPORTSLong
by chauhansatyanarayan
What's next for #Bitcoin ?!Welcome to this quick update: As I mentioned in my last analysis, we did bounce from the $28k area and tested $34.5k and the diagonal trend line. What’s the deal now ?! .We already tested the $30k support many times, so it is not safe for Bitcoin anymore! .I expect a drop from there next time we visit $30k again! .But if we somehow found support here, then we will test the bullish breaker at $34.5k once again. -Based on the Fibonacci extension, the next target for Bitcoin after reclaiming $34.5k is $39800. -If we lose $30k, then I’m looking at $26.2k and $24.3k for a nice bounce. Stay tuned and keep following me on tradingview for further updates. like the idea and share yours in the comment section down below 😉
BITSTAMP:BTCUSD
by CryptoSep
Have We Actually Hit the Bottom Yet?Have we hit the bottom yet? Weekly 200MA which many people use point towards a double bottom test that we have had, yet other indicators which I believe are more useful in showing accumulation zones show that March's drop to 4k was not actually a second accumulation zone. You can check out this chart I have uploaded.... ibb.co CVDD and Balanced Price are really good indicators showing us where the market has bottomed. It does not appear to show a second accumulation bottom which the weekly 200MA does indeed show. Staying in the 4.2-4.5k zone for a short period of time I believe will be the true bottom.
BITFINEX:BTCUSD
by Danimal69
3
EUR/USD - Weekly Time Frame and 364 Day AnalysisEUR/USD will be my go to pair for the year. Price is close to Minor Support Level. We currently have two bullish candles at the minor support level but there is a bearish engulfing before it. I envision a little pull back to the upside and final breakthrough to the downside or breakthrough to the downside for the longterm. The Bears have momentum on their side. I'm rooting for the Bears in this run because this could mean some solid trade opportunities along the way. I also call the minor support level "minor" because it has a number of break throughs = +5. Could this be breakthrough #6 or am I just completely wrong? We'll find out folks. Let the Trading Commence. Trading Journal Entry 2 05/06/19
Short
by austinlmkc
BTC – where is the bottom? Here is the answer.Hi Guys! Many of us are thinking where the bottom is and when we can expect trend reversal. Let’s figure out this puzzle. Long-term corrections comparison • The last long correction took us 426 days. The current one is nearing to this time. There are only 2 weeks left from now. Please look at the chart with a monthly interval. • The last correction made possible to buy 1 BTC at almost 87% discount. Currently, we have nearly 82% discount. • If the price is to obtain 87 % discount we can expect to have 1BTC for around $2600. • 5th Elliot’s wave should bring us to the price of $ 400 000 for 1 BTC within 2/ 3 years The current price analysis • We have a weak resistance zone - $3520 - $3670 – so far the price has jumped up strongly – time will tell if we manage to maintain above it. • Bullish butterfly pattern - a trend reversal upcoming. It may take a couple of weeks. • Retrace to $3200 possible • RSI - close to the bottom - within 2/3 weeks we should have a trend reversal To sum up we think the bottom is very near. Don’t give up and be patient. The future is yours. So what do you think traders? Is this scenario possible to fulfill? Please leave your comment down below. Do see any alternative? MASSIVE Hugs! WBM Team
BITSTAMP:BTCUSD
by WBM_Team
19