BTC1!: Bearish Forecast & Outlook Hey traders, Here is our technical analysis on BTC1!. BTC1! is coiling on supply zone. Based on our stand point the BTC1! will drop. ❤️ Please, support our work with like & comment! ❤️Shortby UnitedSignals4413
Descending TriangleA further drop is likely coming soon. This will also likely be the final drop to enter an accumulation range.Shortby BitcoinOasis3
CME gap fill soonBTC is making round bottom in 1d TF right now the best resistance is 21400 if it breaks then chances are we will see a nice jump in BTC price in October , remaining again we are Bearish by jitendrasojat0
CME chart for WXYXZ correction WXYXZ correction with flat X rising wedge rally, revisiting prior idea below with C up in progress by Linneaus2
BTC Testing a trendlineBTC is testing a channel line in a wedgie formation. Big move coming soon, no idea which way, indicators are actually neutral. Seems to me like it needs one more leg down, but if it breaks the channel line then we can see a substantial bear market rally. Cryptos have been remarkably resilient the past few weeks. Not gonna bet on it this weekend since I think the stock market has one more move downwards either Monday or Tuesday. If this doesn't tank over the weekend, it might actually be a good long play next week. Mind you I think cryptos have absolutely no fundamental value, but that won't keep me from playing it, I doubled my money on AMC on the original rally.by hungry_hippoUpdated 9912
BTC versus NASDAQ 100 near term chart.BTC/NASDAQ 100 chart. BTC has been highly coupled with tech, ARC, TSLA etc. It needs to break out from those guys as they are still highly overvalued. Lot of evidence that the same investor class has sent money to both places, so I see one beating the other as significant paradigm shift. Bars trend down = NASDAQ outperforming BTC. Bars trend up BTC outperform NASDAQ. Top pane is weekly roadmap vs Nasdaq 100 and bottom pane is daily. Daily is clearly showing signs of short term change in trend! It really needs to hit its take off zone to breakout on big run (against Nasdaq). September was an early shift. Red line takes us through a dip (possibly 10-12k). Green line doesn't. Long term outcome is virtually the same though. DISCLOSURE: Not investment advice. For entertainment purpose. I think there are much better risk/reward investment setups in energy/commodities at the current moment.by maxwere2
BTCUSD playing on broadening bottom patternBTCUSD playing on broadening bottom chart pattern, please note that The Fed would not schedule for Fed rate hike on October 2022 hence I hope BTC price action can follow up to "D" trendline before dump for new lower low and absolutely bounce back #DYORLongby thingmamathehua4
bullish pattern crypto almost completedadding long right now this levels and hold to finish soon hit target it s double bottomLongby alifx01115
BTC CME GAPs and Bin US targetLong wicks like to get filled - last year we had a long wick to $8k from the ath level - since then we've been consistently going towards the bottom of that wick. So far, yet so close already ... What do you think ? Doesn't fit my idea of a bounce though, and long wicks don't like big moves before being filled - are we headed straight there first?Shortby TheSecretsOfTrading3
BTC must break above 20550!As you can see the price is getting close to the top of the downtrend channel here. Must take and close above 20550 for higher levels to be seen (green arrows) Failure to break the trendline will get the price down to 14k if not lower. My ideal pathway is a move up (ideally to 30k+, might be limited to 27-27.5k) by the EOY and much lower in Q1 of 2023, ideally below 10K. I personally would like to see the price below 8k at some point next year, that alone will screw everyone out and make people exit and run with whatever left from their holdings. And only after that (panic exit) the price will start move and will be 10x to 80k plus if not more on the next bull run cycle (which should be stronger then we saw last imo) Expect lower before the bear market is over, more pain to be seen next yearby RealTima449
Tons of reasons to FEAR but some short term bounce signs show1/ There's a ton of fear atm #CreditSuisse & #Deutsche_Bank all over $TWTR How can anyone be bullish? We warned from last year about the coming #MOAC(Mother of All Crashes) BUT short term there are signs of +, #crypto @ least is holding, needs to lead $BTC #BTC #Bitcoin Will only post partialby ROYAL_OAK_INC0
BTC1! price dropafter the creation of a Double Top reversal figure and the break of the neckline with force we will see a price dropShortby RedaSD332
BEARISH BTC CME EW COUNTBearish EW count, looking at the possibility of a weekend spill over after another push up attempting to reclaim 20K, but ultimate failure this weekend given over all bearish market conditions on quarterly close, with 15350-650 targets, followed by a relief rally for a B waveby Linneaus8
BTC CME Futures - CheckToday lets take a quick look at the futures (which never got as low as spot) We can see 1) Double bottom on 1.886 2) Locally (red count) wave 5 hit 4.236 and wave 3 2.618 3) Intermediate (yellow) looks like truncated 5th Conclusion: A) As long as no new low is set, chances are high to break the downtrend and get at least a relief rally B) A new low will ultimately trigger a 5th major wave (white count) down targeting 2.618 down there Hold my beer pls ---- No financial advice, do your own research, don't be stupidby NastyBeer2
BTC UpdateBeen holding 19k support pretty well, but I think it's just waiting for the stock market to catch up. If $NDX breaks support and heads to a new low for the year, so will BTC Not sure when it will happen but it will happen. No position, AAPL is dropping faster than this PoS, lol. by hungry_hippo117
BTC short term ok, maybe 24k by eoy. Long term, not good $BTC showing life, trades above RED MOVING avg Let's see how it closes today & Would like 2c BULLISH moving avg crossover (red > Green) Weekly #BTC need 2c CLOSE above, @ least, the red moving avg (lot's of data on chart) #Bitcoin does look poised for pumpby ROYAL_OAK_INC113