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Bitcoinforecast

BTC Bitcoin: Important Support and Resistance LinesHello friends, today I am posting the important Support and Resistance trend lines for Bitcoin (BTC). These are the lines that I keep a close eye on and though there may be more, these are the important ones I focus on. One thing to keep an eye on with Support and Resistance lines is how many times in the past has the price came into that area. The chart has no other indicators or oscillators shown to keep it simple. I hope you can use this for your charting! If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSD
by MillionaireEconomics
10
Perfect $BTC bottom goes like thisPls see profile for more info & up to date 1/2 Look @ big daddy for #crypto guidance $BTC potential BULL FLAG after BREAKAWAY GAP Tried on 1/12 but gapped up 2 days later, better IMO Flags are CONTINUATION patterns Would like 2c #BTC lil higher today + more volume Then Small down trend + volume dies Then #Bitcoin🧨 - 2/2 Perfect #crypto setup Perfect = $BTC forms flag, pops to 24kish NECKLING = RESISTANCE THEN #BTC sells off, forms base Higher base = BETTER No lower than gap fill = IDEAL #Bitcoin can take couple months to do this Watch the 2md leg for VOLUME NOW it MUST be heavy
CME:BTC1!
by ROYAL_OAK_INC
2
Bitcoin Still in Falling Wedge ResistanceBitcoin rises to the top of the channel in last weeks Bullish breakout The resulting rally ran out of steam near 6+ month trend line resistance and staying inside of the falling wedge. If Bitcoin is unable to get the legs to break through the resistance we could be looking at a pullback to the bottom of the wedge for another touch at support near 13k area. It is to be noted that the Monthly 100MA is support is lurking in the 12-13k area forming long term support. If the bottom isn't already in, I'm looking to find it in the 12k - 13k area
KRAKEN:BTCUSDShort
by JordonH
2
Bitcoin first buy signal since 2021 target to $30,593Reverse Cup and Handle is a rare formation (probably one I made up). But since 2003, I've seen them line up and they act just like a Cup and Handle. The price has officially, broken above Brim Price >200 - Bullish (Green background) RSI (through the roof) (Green background) Target $30,593 Bullish - Medium term There is still a lot of recovery to take place int he crypto space, and anything can happen. I will be cautious with this one.
OANDA:BTCUSDLong
by Timonrosso
Bitcoin BTC price trade and analysis situation on crypto marketThe weekend was quite active on the crypto market. Many cryptocurrencies grew in value, including the main one - Bitcoin In general, it happened as we assumed in the previous idea: people started closing shorts either by themselves or by the stops, and the prices of all assets began to grow rapidly. We assume that another impulsive growth to the $24800-25000 area is possible in the coming days This zone is "the last bastion of the sellers' defense". In August 2022, there was already a fierce battle between buyers and sellers in this range, and the sellers won then. We'll see what happens this time, but in this liquidity zone, we will definitely fix some of our long positions in BTC and altcoins, taking profits. This will make it psychologically easier to "look around", make a realistic and adequate assessment of the market situation, and make the right trading decisions in the future. Have a great trading week to all you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
44
BTCUSDT Potential Long setupMONTHLY- 8 Days left, before the close of the candle which most likely become a strong engulfing candlestick pattern - There's also a retest on previous high in monthly structure WEEKLY- Weekly became uptrend after breaking the 21460 high DAILY/4H -also currently What I'm waiting for right now is 1. the retracement on 21460 or 21500 high of the week and 4H market structural zone. Fibonacci retracement 61.8% is also lining up with the zones. 2. When the price reached to the 21500 zone, wait for at least 30M Engulfing or Strong rejections before opening a buy position Take Profit Targets ; 22750 and 24500
Long
by Chiguuu
Bitcoin Eye Cand-yPulling out some tool not used so often in the toolbox. The Red Line or the .236 @ 22.9k is the Resistance and the area to short from. Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low. If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How far it goes is yet to know, though i have my readings. Honestly, I had previously thought that ~15.5k was were the bottom was going to be and i am keeping an eye on that level. As it's technically still in play as many other have had that assumption too, though I have my suspicions. Keep your wits about you, and check the weather, CryptoWhether.
Short
by CryptoWhether
BTC Bottom Update...Only IF it doesn't bottom by the 25thThis will be the chart I go off of if the market doesn't crash. If it doesn't then we will be slowly fading until (1+√5)/2, meaning 5/12/23 or May 12th '23 even thoug the Gann Star extends to the 18th. We have some very important moves in the next few day, and if you've been looking at the RSI's and stuff, you can see we are about to make a move down. I'll show a close up from another chart that im working on that shows the details of the next few days. You can take a look at the difference between this chart and the Linked Ideas of the Third Eye Intuition and see that i change the 0.5 of the gann star. Keep your wits about you.
BITFINEX:BTCUSD
by CryptoWhether
4
Bitcoin – last pump before correction!Hello, everyone! Making many mistakes last couple of weeks I am not going to give up in learning how to trade using Trading Chaos by Bill Williams. I don’t know why, but I believe in this approach. I decided to switch to the 1h time frame to have more practice. Today I am going to show you my next trade. Let’s take a look at the WHITEBIT:BTCUSDT chart. Looking at Awesome Oscillator we can conclude that the wave 3 has been finished and minimal requirement for the wave 4 end also has been met. I am going to catch the wave 5. Here we have the fractal signal at $22974 . If the Bitcoin price will cross this level it means that this trade become active. Here we have the clear stop-loss below the down fractal at $22637 . I am going to use this trade. Let’s see what happens. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Long
by Skyrexio
16
BTC/USD POSSIBLE CORRECTION From technical point of view we can see that price came to the upper trend line which is the copy paste of lower trend line. From psychological point of view I see a lot of FOMO. "bull run started" "load your bags or stay poor" "generational lows" "what if I missed a bull run again. I need to buy now" When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com ) On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown . This is only my point of view. Do your own research and trade your own analysis.
BITSTAMP:BTCUSDShort
by Cognitiq
3
Bitcoin Analysis short termHello Traders, this is my weekly analysis for btc from TA perspective : Btc was moving in impulse wave, with confirmation in swing ratio and volume. Is now showing volume divergence and momentum divergence, that indicate reversal soon. Am still expecting wave 5 to be happen after small retrace towards around 21.3k - 20k to touch MA200 (Daily) once again. Will patiently wait for PA for long in that area. Won't short because the price still in strong bullish move, unless there's clear PA. Cheers!
by PakRT