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Bitcoinforecast

Bitcoin – local pump before crash!Hello, everyone! Yesterday my short setup started doing pretty well, but when I woke up the price immediately pumped and reached the entry level. Today I decided to close my short at the entry because now the Bitcoin is not forming the wave 5 according to the trading chaos approach. Moreover I missed the order block at $15800 and it’s understandable why price pumped from there. Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Here we can see that the price broke the wave structure of the wave 5 and decided to form my unfavorable structure – flat correction inside wave 4. I missed the fact that wave 2 cannot be represented as a triangle, one clever man noticed it and wrote the comment below the previous analysis in TradingView. Thank you, bro! Now it is clear that the price is forming the wave C. I always have 5 waves and now Bitcoin finished the wave 1 and probably 2. I opened long position with the target at $18k because the price has reached exactly the 0.61 Fibonacci retracement – the original target for the wave 2. Wave 3 should not be too long and I suppose it will be finished at the minimal target zone – 1 Fibonacci extension. After that we have to find the divergence on the local timeframe between waves 3 and 5 inside C and trade the last bearish impulse. Best regards, Ivan
Long
by Skyrexio
17
📉✌BTC 1H Long Position✌📈BINANCE:BTCUSDT COINBASE:BTCUSD Hello, first look at my previous analysis (linked below). 💥A quick long position can have a good chance of winning. between now and the yellow area below, you can open short position in two steps. If the price falls and reaches the risk-free level, you can risk-free the position. TP1-2-3-4 are on the chart. The optimum stop-loss is on the chart. Please share ideas and leave a comment, let me know what you think. CrazyS✌
Long
by CrazyS
6
BTC Bitcoin BUY opportunity! (Log) Had to Re-Publish due to my log chart moving my trend lines in my previous idea... Orange circles - Areas of interest, where to accumulate and buy. Key target for the long-term, perhaps after halving. 1.618 Fib Extension established at around 200-220 K, assuming Fib retracement from previous bull run is hit at 0.618, which is my favorite number for long-term technical analysis . 220'000 / 8'000 to 12'000 = 27.5x to 18.3x ROI. (Or 2'750% to 1'830%). Even if we go up from 14k region we will still enjoy hefty returns, at least 10x from here. Average Sentiment Oscillator still confirms that Bears are in control, that orange area is being looked at for a potential cross-over of the blue line, which indicates that the bulls will be in control. RSI is at its lowest and all sentiments are indicating the bottom may be near.
BITSTAMP:BTCUSDLong
by Adrilogean
Bitcoin BUY Signal soon! (Log scale) Orange circles - Areas of interest, where to accumulate and buy. Key target for the long-term, perhaps after halving. 1.618 Fib Extension established at around 200-220 K, assuming Fib retracement from previous bull run is hit at 0.618, which is my favorite number for long-term technical analysis. 220'000 / 8'000 to 12'000 = 27.5x to 18.3x ROI. (Or 2'750% to 1'830%). Even if we go up from 14k region we will still enjoy hefty returns, at least 10x from here. Average Sentiment Oscillator still confirms that Bears are in control, that orange area is being looked at for a potential cross-over of the blue line, which indicates that the bulls will be in control. RSI is at its lowest and all sentiments are indicating the bottom may be near.
BITSTAMP:BTCUSD
by Adrilogean
1
Bitcoin – incredible short opportunity!Hello, everyone! Today I am going to show you very interesting short trade setup becuase as I said in my previous analysis the dump is not over. Let’s go! Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. At $15500 the wave 3 have been ended and after the market showed us the wave 4 which was represented as the zigzag correction. Now Bitcoin is showing us the wave 5. I suppose that wave 1 have been already ended and wave 2 also is about to it’s end. Wave 2 looks like the triangle correction which have reached it’s original target at 0.38 Fibonacci retracement. I decided to open short trade with the target approximately at $14500 – 1.61 Fibonacci extension level. This is the anticipated target for the local wave 3. Best regards, Ivan
Short
by Skyrexio
25
BTCUSD Weekly Forecast 14-18 November 2022 BTCUSD Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 7.75%, down from 8.25% of last week. From volatility percentile, point of view, we are currently on 62th from ATR and 27th from DVOL index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 4.9% for bullish 8.2% for bearish With the current IV, we can expect with a 80% probability that the market is not going to close either above or below the next channel: TOP: 17650 BOT: 14950 Lastly, based on previous calculations, we have: 28% to hit the previous weekly high of 21000 46% to hit the previous weekly low of 15500
INDEX:BTCUSD
by exlux
Crypto winter almost over , #BTCUSD to breakout 69k in Nov 2023More data leads to more accurate analysis and forecast. According to my last #bitcoin forecast which was published on tradingview (Link down below) on May 26th 2022, I was expecting a down move to 11.000$ before finding bottom. But more data has prevailed since then that leads me to believe that we have found a bottom and we are aiming for another up (25k - 27k) and down (16k - 18k) and start another #bullrun from february 2023 to breakout the 69k high of 2021. What do you think?
BITSTAMP:BTCUSDLong
by brokerland
BTC Daily TA BearishBTCUSD daily guidance is bearish. Recommended ratio: 5% BTC, 95% Cash. * CRITICAL SUPPORT WATCH . Cryptos continue to get clobbered as more and more news about the FTX/Alameda meltdown is coming out. Old videos of people like Jim Cramer and Kevin O'Leary promoting FTX and vouching for SBF is kinda funny but in a sad way. It's quite likely that 10 people having sex with each other on amphetamines in the Bahamas gave the death knell to Cryptos in the short to medium term, and one can only assume that more institutions are likely to experience deleveraging and forced liquidations as a result of the collapse. Users of Crypto.com have been withdrawing funds after Crypto.com "accidentally" sent 320k ETH to Gate.IO instead of to a new cold storage address , apparently it was all returned and completely accidental but the timing of it was just a little sus. Equity Futures and NI225 are down while HSI, DXY and Long-Term US Treasuries are up. Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/ 01 ; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently testing the descending trendline from November 2021 at ~$16100 as support which is just above the uptrend line from March 2017 at ~$15600. Volume finished yesterday's session Moderate (low) and is on track to favor sellers for four consecutive sessions if it closes today's session in the red. Parabolic SAR flips bullish at $20400, this margin is bullish at the moment. RSI is currently trending down slightly at 32 after being rejected by the uptrend line from January 2022 at ~35 as resistance. Stochastic crossed over bearish in today's session after being rejected by 29.70 resistance and is currently trending down at 21, the next support is at max bottom. MACD remains bearish and is currently testing -868 minor support. ADX is currently trending up at 33 as Price continues seeing selling pressure, this is bearish. If Price is able to bounce here then it will likely test the local high of ~$17700 before potentially testing $19417 resistance . However, if Price continues to breakdown, it will likely formally test the uptrend line from March 2017 at ~$15700 as support before potentially testing $13477 minor support . Mental Stop Loss: (two consecutive closes above) $17600.
COINBASE:BTCUSD
by dailytaguy
Bitcoin Going To Hit 10,000 ? Bitcoin MARKET UPDATE 1: Bitcoin support levels - $15,600 strong Support (buyers available at this position). 2: Bitcoin resistance - $17500 and $18750 strong resistance (sellers available at this position ). Crypto market depends upon Bitcoin movement so we updated you about Bitcoin. Now trade with risk management and carefully. ——————————————————————— Analysis - BTC is testing its support at 15,600. Resistance is at $17,500 and $18750. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle red at $16329. Total Market cap is at $817 billion which is down by 3.59% and BTC dominance is at 38.2%.
Short
by Waqar212
6
Bitcoin Could Drop to $4-5k and Never Make a New HighOn May 27th, 2022, I wrote about why I thought it was possible Bitcoin would never outperform the stock market again on bigger timeframes. Here is the original post: Since my last analysis, Bitcoin has so far failed to reclaim the local uptrend and develop any support above the previous all-time high, around $19800. You can see the current daily chart zoomed in here, and the dwindling buyer volume. Because of this failure to reclaim 19800 and the local uptrend, the leading cryptocurrency will need to have a much stronger move to the upside to begin developing a bullish structure. As it stands, Bitcoin remains trapped below the 50 day MA (red) and the 9 EMA on the weekly. Although buyers have shown strong support on any dips below $19k, overall local volume continues to drop. On the righthand chart, you can see that Bitcoin has continued to struggle performance-wise against traditional markets, despite remaining above this year's low at $17600 while many stocks made new lows. Although bullish at first glance, Bitcoin remains in a troublesome position against traditional markets. You can see why, referring to my analysis from May 27th. A drop to $4-5k seems improbable, though I am basing this possibility on at least some logic. Let's say traditional markets still have some more downside even after the current bounce reaches its peak (which is reasonable, considering macroeconomic factors). And let's look at the BTC/SPX chart on the right, where Bitcoin has broken its long term uptrend and failed to sustain new highs. This could imply Bitcoin is on the verge of a long term reversal to the downside, meaning that it may never again achieve its all-time high. Bitcoin is looking bearish for the first time ever on the monthly timeframe, with no MA support until around $13k, and important MA's now becoming resistance. If we do simple math, and speculate that SPX could even head only 20-25% lower to near 3000, and if Bitcoin drops to the next major support on the SPX ratio (near 1.5), that puts Bitcoin price near $4500. To me, this looks like an asset that has ended its long term growth. Bitcoiners will probably continue to deny this possibility, and market participants would probably get particularly bullish if we see prices bounce towards the $30k region (perfectly possible). But I don't really expect any major rally to sustain, unless Bitcoin can get comfortably into the $40/50k zone without much resistance. Even if that happens, I will just be disappointed, because I doubt that rally would be helpful for too many people, except those fortunate enough to have the means to stomach severe losses and to keep piling in capital. Each day, the number of people with such liquidity drops and inflation weighs on the economy. So then, what benefit would higher Bitcoin prices really have for society? As we've seen, hype lures in new investors, who more often than not lose money because by the time they've heard of price "mooning" it's already too late. It also seems those still invested in the crypto market are becoming more and more confident that this is the bottom, since we've been here for so long. Meanwhile, open interest continues to remain high, and it skyrockets on any small move up. This tells me a lot of leveraged longs have piled in at these levels (most likely from retail), as glassnode shows us that larger whales are actually slowly unloading at these levels. Sometimes people take on even more risk to prove to themselves something that they know deep down is a farce. In the face of denial, a common behavior is to do things to prove your position. It's hard to tell what the prevailing sentiment is. The masses seem to be bearish, while those who remain in Bitcoin and other cryptocurrencies seem to be developing some optimism and encouraging buyers. "Now is a great time to buy, and even if it drops another 50% I'll be backing up the truck!" We heard this at $40k. Again, I think crypto reached critical mass this cycle, especially considering the super bowl commercials and Dogecoin mania (both of which signaled the market tops above $60k). If there is another cycle, it will need to be built on utility and not just hype/speculation. My issue is that I'm not sure crypto CAN transcend hype and speculation. So this leads me to speculate that Bitcoin will not mage a significant new all time high in the future. On the bullish side, you can refer to my last post, where I talk about the resumption of an uptrend. It's clear that Bitcoin needs to establish itself back above $20k and make a considerable jump in price. There is also an optimistic view of the economy, which could play out over the coming months: Wages begin increasing as interest rates also increase and remain at healthy levels for a while to discourage unhealthy borrowing/bubbly market behavior. The middle-class is rebuilt, as social welfare services become more robust and companies with true value prosper, which bring innovation and health to our physical and social infrastructures. Essentially, "trickle down economics," but forced by adverse conditions created by the trickle down policies themselves, only decades later. In this optimistic scenario, it is also difficult to see Bitcoin achieving a new high, considering some trust in the government would be rebuilt, and confidence in the federal reserve's economic policy would be restored. Bitcoin and cryptocurrencies would probably languish and be mostly forgotten, until the next era of greed and irresponsible borrowing initiates a new bubble for god knows what. This is the "soft landing." How likely is it? Maybe things just work out. And of course, the opposite could happen. That's what's so interesting about all of this. There are many possible outcomes, and as someone who looks for investments, it's best to be creative and adaptive. This is meant for speculation only and not as financial advice. -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
37
BTC (3D) - Big Picture Outlook, Target Timeline & Price LevelsWarning! doing my crystal ball magic wand prediction again. :-p last time i did a major wave count, it pointed to 2018-19 bottom at 3.5-4.5k, someone suggested i go predict the weather too lol.. well, prev prediction of $3.5-4k bottom (2018-2019) ✅ & the subsequent new ATH to $70-100k by 2022 ✅ (missed by a bit, ATH was $69k in 2021); both targets considered achieved, as of writing. links below. so, here's my 'doodling' for 2022-2024 , take it with a pinch of salt ;p bottoming > consolidate > breakout channel to retest ATH, spanning a 2yr period. This bottoming process may well be shortened/accelerated by: 1) Fed restarting the money printer: further eroding confidence on the Dollar as global reserve currency. 2) The World fast forward to CBDC implementation: further amplifying BTC's privacy, anti-censorship, decentralized qualities. Doing the wave count, technical & macro research for my own stack of sats too. In fact, if happen as predicted, this upcoming BTC bull wave will be able to shield me & family from the financial disaster from potential Dollar collapse / authoritarian & tyranny of CBDC. Do hope it helps you in some ways too. :-) Look forward to check back on this post 1,2yrs down the road. Let's HODL for wealth protection~ Cheers! 🥂🥂
BITFINEX:BTCUSDLong
by jeanne_k
Bitcoin Will Hit 10,000$ incoming DaysBitcoin MARKET UPDATE Bitcoin support levels $16,200 and $14,200 strong Support (buyers available at this position). Bitcoin resistance - $17,500 and $18,600 strong resistance (sellers available at this position). Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with Risk management accordingly to this bitcoin update. ——————————————————————— Analysis - Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.
Short
by Waqar212
2
Bitcoin 500k Cycle Fixed (LUNA Leverage) + Bitcoin Mining Stocks ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna) Opportunities? Look how cheap well managed Bitcoin mining companies are with balances they never had to sell, this is especially something that can create leverage plays on top of Bitcoins price, the collapse and bankruptcy of the other Bitcoin miners might have just marked the short term Bottom. ------------------------------------------------------------------------------------------ HIVE Blockchain -87.03% Change (1 year) Market cap: $0.23 Billion (USD) 30 Sep 2020 | 55.1 P/E Ratio 5 Nov 2022 | 4.41 P/E Ratio ------------------------------------------------------------------------------------------ Hut 8 Mining -85.24% Change (1 year) Market cap: $0.42 Billion (USD) 31 March 2020 | 38.8 P/E Ratio 5 Nov 2022 | -17 P/E Ratio ------------------------------------------------------------------------------------------ Riot Blockchain -82.30% Change (1 year) Market cap: $0.96 Billion (USD) 30 Sep 2021 | 233.6 P/E Ratio 5 Nov 2022 | -2.6 P/E Ratio ------------------------------------------------------------------------------------------ Grayscale Bitcoin Trust -74.93% Change (1 year) Market cap: $2.15 Billion 3 Nov 2022 -36.29% Discount/Premium to NAV ------------------------------------------------------------------------------------------ This just covers same basics of my research would need videos to properly present it, take a look around at these unheard of discounts that leverage on top of the BTC price hell you could even purchase LEAPS on most of the mining companies. Meanwhile in Narnia land people are searching for Alt coins to make returns you could easily open your eyes and see the opportunities right in front of you here with extreme P/E discounts, but like always it will be the future around 2025 and obvious when these miners end up having market caps like Gold Miners these are almost a 100x Leverage play on Bitcoin hell you could even get it to 400x with calculated LEAPS. Talk about an opportunity this risk to reward just blows my mind (Disclaimer I do own and are actively collecting listed miners after heavily checking their financials I do believe they are three most well managed mining companies that exist right now)
BITSTAMP:BTCUSDLong
by UnknownUnicorn7947829