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Bitcoin Price Analysis: Potential Volatility SpikeHello dear TradingView community, it's Vestinda back again with an insightful analysis of Bitcoin's price movement. Today, we will delve into the current market conditions and identify key signals that may lead to an upcoming volatility spike. As always, our analysis aims to provide you with a positive and professional perspective on Bitcoin's price action. Price Structure and Triangle Pattern: On the daily timeframe , we can observe a fascinating price structure taking the form of a triangle. This pattern has been gradually forming, with the price converging towards the apex. Triangles are widely regarded as neutral price patterns, indicating that a breakout can occur in either direction. As traders, we must acknowledge the balanced nature of this pattern, assigning an equal probability of around 50% for both upward and downward breakouts. MACD Indicator: To gain further insights, let's turn our attention to the monthly timeframe and examine the Moving Average Convergence Divergence ( MACD ) indicator. Remarkably, this indicator is on the verge of a bullish crossover this month. The imminent bullish signal boosts the likelihood of an upward breakout from the triangle pattern. Considering this development, we can assign a conservative estimate of a 20% chance for an upward breakout, emphasizing the potential for positive price movement. RSI Indicator: Additionally, we have analyzed the 8-hour timeframe and closely observed the Relative Strength Index ( RSI ) indicator. It is noteworthy that the RSI perfectly mirrors the triangular shape of the price pattern. Such synchronization between price action and the RSI strongly suggests an increased probability of a volatility spike in the near future. This alignment provides further evidence to support the notion of an imminent breakout. Risk Management: While the prospects of Bitcoin's price movement appear promising, it is crucial to approach trading with a cautious mindset and implement effective risk management strategies. By setting appropriate stop-loss protections and managing risk, you can safeguard your capital and navigate the market confidently. Target Zones: Identifying potential target zones is essential for devising effective trading strategies. Currently, the significant support and resistance zones are situated between $22,000 — $ 24,000, and $ 32,000 — $ 34,000, respectively. These zones have historically displayed notable price reactions, making them crucial areas to monitor closely. Bitcoin's price analysis reveals a compelling narrative of an impending volatility spike. The triangle pattern, coupled with the MACD indicator's potential bullish crossover on the monthly timeframe, provides a positive outlook for Bitcoin's price. Additionally, the RSI indicator's correlation with the triangular shape further strengthens the case for increased volatility. However, it is imperative to exercise caution, employ risk management measures, and monitor critical support and resistance zones. By combining a positive mindset, professional analysis, and prudent trading practices, we can get impressive results! Stay tuned for further updates, and happy trading!
INDEX:BTCUSD
by Vestinda
The Path to $100k Bitcoin in 2023 and $200k in 2024For those who still believe as I do, that we'll see new highs in the crypto markets sooner than later... Here's my purely speculative chart showing the 'Path to $100k Bitcoin' in 2023. It would be the perfect storm of economic forces coming together, and creating an unstoppable move higher. This scenario would be fueled by the following 3 things: 1. Hyperinflation & De-Dollarization as the World Reserve Currency 2. QE Money Printing To Pay Down US Debt & Avoid Defaulting 3. Bank Failures, Bank Runs & Transfer of Money Into Safe Assets The BRICS nations collective GDP's have already surpassed the GDP of NATO countries, and the Yuan is poised to replace the US dollar in the coming decade as the world reserve currency. For more on this, watch Ray Dalio's video on the 'Changing World Order' on Netflix. It's a year old, but it's already panning out as he predicted. As the world trades in Dollars for Yuan and other gold backed currencies, inflation will go up, just like Argentina is experiencing. And now the US is saying there's a very real risk of defaulting on our national debt, which obviously wouldn't be good. There's even some talk of minting the 'Trillion Coin' to essentially become our own FDIC, and to save the US Treasury. As we saw in the 2021 money post-pandemic money printing, the QE rallied risk-on markets, including and especially Bitcoin. The Third and final piece of the tri-fecta would be more bank failures, and possibly a commercial RE meltdown as some are saying the RE market is in another bubble, like in 2008. That's not including the commercial RE markets, which is the other shoe to drop. Sub-prime mortgages weren't the cause of the 2008 RE bubble, it was the rampant speculation and over leveraging. That's happening now, and it's a house of cards. So I think this is a possible scenario, and there's a non-zero chance this happens in the coming weeks and months. Worth noting. Maybe not, but it's possible. Once people realize their money isn't safe in banks, their retirement and wealth is dwindling due to hyperinflation, and the best option is moving their money into scarce assets, like Gold and Bitcoin... Then it's only a matter of time. I've also shown the fractal pattern from the 2020-2021 rally, which could be accelerated by the above even though we're not closer to the halving. Bob Loukas has also proposed this, a left skewed parabolic rise vs the normal 'Right' skewed pattern we're used to. Essentially, the big money flowing in early. I've also showed possible Fib extensions for how we could get to $155k and $200k BTC by early 2024. Interesting times.
COINBASE:BTCUSDLong
by BrettFogle
3
$BTC October 28th, 2022. Bold predictions.Here's my thesis.. Summer ends.. Diminishing Cycles.. Aka Diminishing bear markets..to the tune of 63.5% less.. based off previous bear phases which occurred directly after a 3D death cross.. 165 days of chop makes sense.. with a potential sweep of the lows once again.. and sprinkle in a 40% probability of a wick down to 12-14k .. Until then.. I think we chop sideways until October.. Parabolic bull phase resumes post 2024 election and halving with a 150k-160k USD target before topping out in November 2025. Sorry moon-boys, no million dollar target this decade. -- R.I.P. to my dear friend Andreas who passed on today at the young age of 34. --
INDEX:BTCUSD
by TheTraderAndy
2
Bitcoin Bottom SoonFrom the start, I thought 27k was unlikely to be a real bottom. And with real bottom I mean the bottom that would kickstart a new uptrend that would take Bitcoin back to 30k. So knowing that Bitcoin takes roughly 65 days to complete a daily cycle, the bottom of April 23 was not the real bottom. However, I believe that the next one is near. I expect it will happen around mid of May. Now at what prices can we expect that bottom? I think the worst case would be 25k. Because we're so close to the new bottom, timing the market at this point seems unwise. Especially if you do not have any Bitcoin yet.
BITSTAMP:BTCUSD
by FetchTeam
BLX Still Shows A Broken Trend And Slower Growth For BitcoinZoomed in, you can see price is butting right up against that broken long term trendline, while the weekly oscillator is reaching the overbought zone. Price has also yet to reach the bottom of the curved channel (pink) The BLX chart is also mostly dominated by sell volume. Another odd thing to note is the enormous spike in volume on stablecoin traded pairs throughout the market turmoil, and specifically during the week of the SVB collapse. Even more perplexing is the huge drop off in volume as Bitcoin began to trade mostly sideways after that. Here's the Binance BTC/USDT chart as an example If Bitcoin is to touch the bottom of the curve on my BLX chart, we could see a retest of the $15.5k low at minimum. My guess is that Bitcoin will ultimately fall out of the growth curve and trend lower over time. I made a speculative downtrend channel, giving Bitcoin perhaps a few more weeks of sideways and a possible new failed high. Due to the nature of Bitcoin's support (in that it is essentially an idea), it is unlikely to drop instantly to zero, but instead trend lower and lower as people lose interest over time. Most still in the market seem to be bullish right now, already making projections for the next bull run. It's important to note that while SPX is still above 4000, Bitcoin is less than half of its all time high. Should traditional markets experience a more significant decline, I cannot imagine there would be enough liquidity to sustain another Bitcoin bull run. But....we live in strange times. It's perfectly possible that I'm completely off here. Nevertheless, I'm sticking to my view for fundamental reasons. If Bitcoin continues onwards to a new all time high, I don't think it'll be accompanied by anything good...though I suppose that's part of the bullish Bitcoin thesis :) As always, this is my opinion only and should not be taken as financial advice. This is meant for speculation and entertainment.
BNC:BLXShort
by VictorCobra
1
Bitcoin accurate bottom and top zones BINANCE:BTCUSDT This is my market mood indicator. Accurate determine the bottoms and top of cycles. Based on this analysis on BLX chart and Monthly timeframe we can find something interesting - Marked Monthly green zones. - We never seen white color disbeliefe zones. - Previews 3 times when we saw BLUE color it was a bottom (I was impressed how accurate it play out!!!) - Now it looks like 2018-2019 period (green box-blue-green) - So now no euphoria on market. Need to see yellow, orange and top will be again at extreme red - Hard to say about timing but most likely we will test trendLine at 35-36 (maybe with fake out to 41) - Then we will see yellow and orange color on indicator and drop to covid trendLines again 21-19 and continue move forward till 2025 March to extreme RED zones and end of cycle. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BNC:BLXLong
by Crypto4light
Will Bitcoin's Dive to $23k Ignite a Skyrocketing Comeback?At the moment, Bitcoin is testing a critical liquidity level that serves as support. Below the support level, there's a liquidity gap, which means that if the support doesn't hold, the price can drop quickly to lower liquidity levels. It's difficult to predict whether the support will hold or not, as we'll have to watch it unfold. Personally, I would like to see the price drop to the 23K - 25K range, with the RSI exiting the oversold territory. As a result, the market would cool down and potentially resume its growth towards the $35k - $38k levels.
Short
by Yaroslav_Krasko
2
Time To Take Profit (BTC/USD)Crypto moves in cycles. For example: Bitcoin happens to find a top each 4 years, meaning a complete Bitcoin cycle contains of roughly 208 weeks. In those 208 Bitcoin goes up and down, creating smaller daily cycles. Bitcoins daily cycle consists of approximately 65 days. In the bull market, which I believe we are, The tops of those daily cycles are found past the halfway point of the daily cycle. This means that a top is liklely after 34 days of climbing. We saw this in the previous cycle too. The cycle lasted for 70 days, on which the top was found at day 54. That cycle was right translated. The current cycle is at day 38. We saw a shooting star candle at day 35. Meaning that it is likely that a short term top is in. In case Bitcoin goes higher, it is unlikely it will break all the resistances above so taking the risk for more gains on the short term does not make lots of sense. Right now im short term bearish on Bitcoin. Note that the last green candle is an estimate of when a bottom can be found, not at what price.
BITSTAMP:BTCUSDShort
by FetchTeam
Bitcoin And The 3-day 50 MA - A Chance For $30k Back in April, when Bitcoin was still well above $30k, I wrote about why I thought it could fall straight to $20k. The analysis ended up proving correct. I was looking at the 3-day 200 MA and the 3-day 50 MA. This is my first "long" idea for Bitcoin in a little while. Although my feelings about Bitcoin and crypto have soured since roughly one year ago, I don't want to let my bias get in the way of simple chart analysis. As you can see, Bitcoin is again butting up against the 3 day 50 MA (red). I suggested a couple weeks ago that Bitcoin could potentially begin an uptrend: Part of my reasoning has been that at least until U.S. midterm elections, we could see some recovery in markets to create some momentary optimism. This idea was presented here back in July 2022: This is partially why I'm still being careful here. Anyway, to the current analysis: If you look on the left side of the above chart, you can see its importance as resistance during the last bear market. You can also see that we are now a long ways away from the 100 and 200 moving averages (yellow and teal). This means there is plenty of room for Bitcoin to correct to the upside. Should we see a bigger rally for Bitcoin, unless Bitcoin dominance drops, I do not think there is enough evidence for me to say it's likely to sustain. I still think it's fairly likely to print a lower high and head to some unbelievable lows in the future. But for now, there could be some upside to be had. On the bearish side, I wouldn't want to see Bitcoin heavily rejected above $21k and unable to reclaim the uptrend I drew some time ago. You can see that structure here: I also think a break back below $19.8k is likely to send Bitcoin towards the $18k support level again. But for now, it seems buyers are in control. Another thing that continues to concern me is the outperformance of altcoins, coupled with skyrocketing open interest each time Bitcoin moves up slightly. Bitcoin is up just over 3% so far today, yet open interest has climbed a staggering 8% to $32.5 Billion. That's a lot of potential leverage on the table, and I don't put it past big crypto actors like SBF and CZ to use everything in their toolbox to prop the market up. As I've mentioned, I do not really advocate for continued price appreciation in this space because I believe it to be mostly smoke and mirrors and a zero-sum game. Although people lose just as much in the stock market, stocks are not zero-sum since companies have output. Bitcoin and other cryptocurrencies do not have any output, so continued price appreciation is just "money better spent elsewhere" in my opinion. Pardon my bitterness, but this is why I feel frustrated these days when I see crypto prices go up. As always, this is not meant as financial advice. This is meant for speculation and entertainment only. We will see what happens! -Victor Cobra
COINBASE:BTCUSDLong
by VictorCobra
6
Bitcoin's Epic Fall is coming?🔥📉 Bitcoin's Epic Fall: Brace Yourselves, But Don't Panic Just Yet! 💪🚀 The mighty Bitcoin is preparing for a plunge, but fear not – it's not the end! As previously mentioned, 70% of the trend has already passed, and the second growth wave is now complete. Get ready for a local correction before the third and final climactic wave of growth takes off! 🌊💸 We've highlighted the pivotal red zone on the chart, packed with liquidity. If a correction and a drop ensue, this zone could be the turning point you've been waiting for. 🎯🔄 All my 7 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Short
by Yaroslav_Krasko
Bitcoin Idea | The Bulls Attack!For Bitcoin the highest weekly prices are probably $30500.00 and $31500.00. No further explanation! ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Long
by Arash-RK
Don't Panic Yet! Bitcoin's Double Top May Not Be a DeathHey, fellow traders of @TradingView community! It's @Vestinda with the latest update on the exciting world of trading. Bitcoin's price chart is showing a Double Top pattern, which is often seen as a signal of a potential decline, with predictions that the price may drop to $25,600. However, it's important to remember that the cryptocurrency market is volatile, and there are many reasons to remain optimistic about the future of Bitcoin. The bearish double top pattern appeared on Bitcoin chart — What you need to know The double top pattern is a technical chart pattern in trading that occurs when the price of an asset reaches a peak, declines, rises to the same level as the previous peak, and then declines once more. Traders can use this pattern to anticipate a potential price decrease, as it indicates that sellers may be gaining strength. To confirm the pattern, traders wait for the price to break below the support level before entering a short trade with a stop loss set above the resistance level. Although the pattern is not always reliable, traders can manage risk by using proper risk management techniques, such as stop losses and position sizing. In other news, the ZeroSync Association is making waves with its tooling that will use zero-knowledge proofs (ZK-proofs) to validate the state of the Bitcoin network. This new tool promises to revolutionize the process of verifying the blockchain, making it more efficient and user-friendly. ZK-proofs have already proven successful in the Ethereum ecosystem, and now, ZeroSync is pioneering their application for Bitcoin, which could lead to exciting new opportunities for the cryptocurrency. Keep an eye on these developments, and remember to always trade with caution and proper risk management techniques. Happy trading! Please feel free to share your thoughts and suggestions on how we can improve our content to better meet your needs. We appreciate your feedback and look forward to hearing from you 💜.
INDEX:BTCUSD
by Vestinda
Is the Bitcoin Party Over Yet? Grab Your Profits Before ..."Is the Bitcoin Party Over Yet? Grab Your Profits Before They Vanish!" Greetings traders and investors! I hope life's treating you well. Today, we're on a mission to uncover when this epic bull run might end so you can secure your hard-earned gains and shield them from a potential crash. In earlier discussions, I've referred to a 9-month trading channel. Bitcoin recently shattered this channel, sending its price on a steep upward trajectory. This comes as no surprise, given that 9 months of accumulation have now culminated in this explosive rally. Despite chatter about the Fed hiking interest rates, an impending global economic crisis, and other concerns, Bitcoin seems to be unfazed and continues to defy all expectations. Regarding whether this is the end, my estimation is that the current trend is about 70-75% done. We might see a local dip in the price, but next month should be bullish for the crypto market. The odds are 99% that the entire trend will wrap up between $32k and $36k. And, like most cases, it'll probably conclude with an ascending wedge pattern, which has a 70%+ likelihood of causing a price decline. Should a correction occur, keep an eye on potential buying opportunities around $25,300 and $24,000. In the meantime, don't forget to monitor altcoins! At the peak, liquidity will shift into altcoins, creating a golden opportunity for them to shine. So, fellow crypto enthusiasts, buckle up and get ready for a thrilling ride! With the Bitcoin party nearing its end, it's time to strategize and maximize your profits. Keep a close watch on those crucial price levels and, importantly, don't overlook the potential of altcoins. As the peak approaches and liquidity pours into these alternative cryptocurrencies, you could be poised to seize an exceptional opportunity. Remember, the crypto world is a rollercoaster, and staying informed is essential for success. Keep your finger on the pulse and be prepared to act when the time is right. By doing so, you'll be well-positioned to capitalize on the remaining growth and protect your profits from a possible downturn. Happy trading and investing, and may the odds be ever in your favor!
Long
by Yaroslav_Krasko
2
Bitcoin is in a bull marketAccording to our free indicator, Fetch Trends, Bitcoin is in a bull market. The weekly candle turned green for the first time in 60 weeks. The last time this happened was in may 2019, kicking off the bull market of 2019-2021. Before that one, Bitcoin turned green in Octobre 2015, which was at the start of the bull market of 2015- end of 2017. The first green candle was also found after 60 weeks. Ofcourse this isn't the only reason why I believe Bitcoin is in a bull market. I've given my other reasons in previous posts.
BITSTAMP:BTCUSDLong
by FetchTeam
Breaking the Bears: Bitcoin Bullish MomentumHello @TradingView community. Welcome in @Vestinda Bitcoin price analysis. Reports about bank collapses, stablecoins, and interest rate increases appear to be powerful enough to increase the price of bitcoin. Well, Bitcoin almost hovers above $28,000 amid banking instability. On the other side, we discover chart patterns that suggest a market recovery from the bear trend as Bitcoin surged in the beginning of March 2023 by approximately +80%. 1. Price on long term scale remains in Rising Channel 2. Strong breakout of Downtrend Resistance 3. EMA Ribbon bullish breakout Which means price is likely to continue growth inside Rising Channel, and according to identical move characteristics from 2019, we might land on this move in the upper 40s or low 50s. For sure it is our High-hopes, and in general, the price movement may differ both in time and appearance. What is Rising Channel in trading? A rising channel is a technical analysis tool used by traders to identify an uptrend in the market. It is formed when the price of a security moves between two parallel trendlines, with the upper trendline representing resistance and the lower trendline representing support. The rising channel can be used to identify potential entry and exit points for trades, as well as to determine whether a security is in an uptrend or downtrend. Traders can also use it to set stop-loss orders and take profits when trading, a rising channel helps traders determine where the current price is in reference to the median of the market. Learn about Bulls and Bears on the markets: Hey, what do you like to read next on TradingView? Your feedback will help us create more relevant and useful content! Thank you so much.
INDEX:BTCUSDLong
by Vestinda
2