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Bitcoin entering a long period of Wyckoff accumulationSo the bounce idea has been canceled by Powell. Awesome times we live in, where one single individual can dictate the direction of entire markets. And since BTC is very strongly correlated with the stock market (unfortunately), this means that BTC is just following the general direction of the stock market. And since the FED appears to be very hawkish, this means that the Bounce scenario is now all but ruled out. I personally now favor a Wyckoff accumulation pattern such as last seen on a long timeframe in 2015. Basically the whole of 2015, BTC was hovering around 200 USD plusminus, and only in late 2015 did BTC start to enter the next bull phase. I think we'll get something similar this time. As soon as inflation has sufficiently fallen, the FED will halt raising interest rates, and the markets will enter the next bull phase, and so will Bitcoin. Let us not forget that the halving approaches fast, in April 2024. So i foresee the next peak in late 2024 or early 2025. I also don't see a huge stock market crash like many, because if too many people believe that something will happen, then it won't. In this accumulation phase, BTC can retest the low at 17600 at least one more time, but normally it should hold. I think the next BTC peak will be in the 200k ballpark. BTC doesn't perform as well any more, as we would like. Last time we "only" got a 23x from the low to the top, now I think a 11 or 12x from the 17600 low is the best we can hope for. Law of diminishing returns in full action here! That is my current view :)
INDEX:BTCUSDLong
by SebastianofMoon
7
Anticipate Major Bitcoin SelloffOn the previous analysis we commented on how Bitcoin could make another high, however - the upside is limited. After rejection from the weekend and a recent break of structure to the downside - it is pretty much confirmed for lower movement in the Bitcoin price. Look for solid zones to short from, as directionally - the downside is the most likely in this scenario. Especially with traders becoming overly optimistic. Pattern wise, this looks like an ending expanding wedge. Wave count wise this looks to be a very clear ABC to the upside with a wedging B wave. RSI is also overbought with divergence. Buying is much more dangerous than selling at this point despite the recent uptrend.
BITMEX:BTCUSD.PShort
by Elijah_Trading
1
Volatility contraction in #Bitcoin signals further upside Bitcoin and Ethereum are ones of the assets that haven't undercut its June lows. In the daily chart of Bitcoin is above its 50-day MA and I see a pivot buy at $21,350. But, when I zoom in at the 4-hour chart, I can see a good volatility contraction with a pivot buy at $20,700. Remeber that crypto never closes so 4-hour charts is the equivalent of a daily chart in stocks. For me this is a good point to start with a small position and then add more on a breakout above the daily pivot. There are two resistance zone you can use as targets, one is the September high and the other is the August high.
BITSTAMP:BTCUSDLong
by dpuleo19
BTCUSD Weekly Volatility Forecast 7-11 November 2022 BTCUSD Weekly Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 8.02% which declined from 8.27% last week. Currently according to ATR we are on 27th percentile, and according to DVOL we are on 8th percentile, indicating in both cases, that we are currently is a quiet market. And as a matter of fact we can that this was case for the last months, but at the same time , one has to be aware that during this "quiet times", things can change radically. Now, based on the implied volatility data that we have for this week, lets look into further details. We can see that currently there is 20% chance, that our candle is going to close at the end of the week either above/below the next channel TOP: 22600 BOT: 19200 This can also be translated as a 80% chance that the market is going to move within this established range. At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a 70% chance that we are going to touch the previous high of 21500 30% chance that we are going to touch the previous low of 20000
COINBASE:BTCUSD
by exlux
4
Short Term BTC Upside is LimitedThe upside for bitcoin looks to be running out of steam. With a strong divergence on RSI and a wave count that favors downside impulsive move, it looks as though bitcoin - at least for today will see lower pricing. If the immediate swing low doesn't hold, we could likely assumed a wxyxz pattern will not hold and that these are all impulsive waves to the downside; which looks to be the most likely scenario here. I wouldn't want to assume that bitcoin has started a bullish reversal as of yet. Let this range play out some more since several bitcoin brokers disagree on the pricing of the last big down move towards 18k. Stick with a conservative bearish bias, knowing if we make a new high in the short term - it's likely limited. Then take it day by day for when price moves lower, because medium term (1-2 weeks) pricing could create new yearly lows, but it likely won't be long lived either. Long-term i am bullish, short to medium term i am bearish - due to wave counts and rsi.
BITMEX:BTCUSD.PShort
by Elijah_Trading
[Bitcoin] End of bear market (important update)Finally I think the throwback is not complete so I expect a drop of about 10% to get back on the oblique of the falling wedge. Reminder of bullish factors: - double bottom - end of falling wedge - breakout completed - huge bullish divergences - FIBO retracement 78.6% since march 2020 - increasing volumes since june - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to Transactions ratio)
by Bitcoin_Weather
5
Bitcoin | On the Cup of Major BREAKOUT..!! Bitcoin has been in a Bearish Trendline Since November 2021. (+70% Down from ATH) Seems like BTC is Bottomed out & on the CUSP of Massive Breakout 🫡 In Weekly timeframe Chart, Bitcoin is forming Falling Wedge which is Bullish Pattern. Bitcoin Bulls need to Clear the 24.8k Major Resistance to Confirm the Breakout. Weekly RSI is Still Moving Below the Major Trendline. Remember that We're Still in Bearish Trend until #Bitcoin Break the 24.8K Trendline Resistance. If bulls reclaimed the Resistance, Next BullRun Will Officially Start 🔥🚀 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..!!
BITSTAMP:BTCUSDLong
by Faibik
5
Bitcoin Analyze (Festival of 🔴Resistances🔴 and 🟢Supports🟢)🎪Over the past two months, Bitcoin has been watching a Festival of 🔴Resistances🔴and 🟢Supports🟢. Another point is that in the last 6-8 months, Bitcoin has become more dependent on parallel financial markets; this can be both good and bad. Positive point: The world has accepted Bitcoin as registered capital, and It respects Bitcoin. Negative point: It may no longer have the charm of previous years, and we will see fewer surprises in the market. In the past hours, the DXY index was able to break an important support zone, and this caused the financial markets to breathe new life. And the digital currency market benefited from this failure. Also, if we look carefully at the Bitcoin chart in the 12-hour time frame, we can see that Bitcoin is in a sensitive area; the meaning of sensitive area is that Bitcoin is located near the trend lines and the resistance area, and from another direction, Bitcoin has been able to It creates an Inverted Head and Shoulders Pattern (which seems to have all the factors of a standard pattern) and also if we look at the candles of these 2-3 days, we see that the Rising Three Method continuation pattern creates the right shoulder of the Inverted Head and Shoulders Pattern and this is a good sign. And there is hope to break the lines of trend and resistance zone ahead. I have tried to draw for you in my chart the path that Bitcoin can take in the next few days. My personal opinion is to wait 7 hours to confirm the Rising Three Method continuation pattern. ❗️ Note ❗️: If the Rising Three Method pattern is not well-formed within the next 7 hours, we can expect Bitcoin to fall again in the coming days, and the Inverted Head and Shoulders Pattern pattern will fail. Bitcoin Analyze ( BTCUSDT ), Timeframe 12H⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
7
Bitcoin Big Breakout Coming Soon#Bitcoin Technical Analysis:- $BTC currently trading at $19160 Still Trading in Descending Triangle. Triangle Range :- $18000-$20200 So Guys We are Very close to Breakout. So Still Waiting for Good Trade and Watching closely. If Breakout Up side then We can Open Long Position or Buy Bitcoin. Up side Breakout Point :- $20200 If Break down $18000 Level then we can see $13000 So Guys Never miss this Time opportunities. This time Spike will be big. Breakout Max TimeLine :- 24 Days. Upside Targets:- $25,000/$31,800 DownSide Support:- $12800 Guys Never Forget to Buy Bitcoin at Cheap price. You still can buy for Long term Holding. If Dip you can add more Bitcoins. 2025-2026 Target will be $200k For Long Term Investment this is Not bad Price. Hope you understand and Learned. Thank you
by CryptoPatel
3
Cycles of BitcoinIn weekly time units and in logarithmic scale, we can see that the cycles of Bitcoin have been based on technical support since 2010. This support gave way only once during the panic of the world stock exchanges in March 2020, due to the Covid 19 pandemic. This representation shows that Bitcoin is probably on the low of the current cycle (end of cycle) and that it will never return below $17,500, except in the event of a new global crisis which could cause the price to fall below its historical support. The same analysis done in February 2019: My analysis on the end of the current bear market:
BNC:BLXLong
by Bitcoin_Weather
3
Bitcoin Analyze (Short Term, Timeframe 15min,10/14/2022)!!!Bitcoin is making a Zigzag correction, and it is running in wave C. I expect the end of wave C will be in the support zone, and then Bitcoin will go up until the resistance zone. Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
12
Bitcoin: reasons for some possible short-term fallTightening regulation of crypto-exchanges: - financial audit of the crypto-exchanges; - the regulator may tighten the KYC procedure; - only the verified users will be able to trade. The unverified accounts will be blocked. People will have to provide evidence to prove the origin of funds. This may apply to already verified users too. Unverified accounts are the first ones at gunpoint. The essence of this publication is to urge users to take action, prepare in advance for such a scenario and verify their accounts in advance. If possible, prepare documents on the origin of funds in the crypto. In this regard, the panic sale may occur by another 40-50%. The price will not stay at those levels for a long time . The market will be quickly redeemed. This will be our entry point.
BITFINEX:BTCUSD
by EXCAVO
159
Bitcoin Analyze (Similar movements, 10/10/2022)!!!⚖️In this post, I want to check out four recent movements of Bitcoin. If you look carefully at my chart, you will understand that movement 1 and movement 3 moved similarly to each other; even in terms of price drop and time, they are almost equal. As a result, I expect the fourth movement to be the same as the second movement, and we will have at least a +1.66%(top of descending channel) price growth in the 30-minute time frame. Try to pay attention to how the price moves sometimes; maybe you can find similar movements in the charts. It should be noted that these four movements were created in the descending channel. Bitcoin Analyze ( BTCUSDT ), Timeframe 30min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
6
Bitcoin Analyze (Short Term, Timeframe 15min,10/10/2022)!!!Bitcoin is running in PRZ(Price Reversal Zone) and near the Trend line; also, we can see the great 🔨Hammer🔨 Candlestick Pattern in this zone. I expect Bitcoin will go up to the targets shown in my chart. The correction structure could be Expanding Flat (3-3-5), but it is still too early to tell. Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
13
Bitcoin Analyze (Short Term, Timeframe 15min,10/08/2022)!!!It seems Bitcoin was able to make a Barrier Triangle. I expect Bitcoin goes down after breaking the lower line of the Barrier Triangle to the target of the Triangle. Also, we can see a Bearish Engulfing Candlestick Pattern near the upper line of the Barrier Triangle, and this pattern can verify point E of the Triangle. Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6