BTCUSDT 1D long-term forecastBTCUSDT 1D long-term forecast from Wunderbit Trading
Support at the level of the largest volumes
It is possible to create a trap in order to knock out stop losses.
Waiting for two zones to be filled with volumes
Hodl
Bitcoin Makes Lower Lows!!Bitcoin has taken another nose dive. We appeared to be finding good support in the $34K handle, but a sharp selloff took us down to support just above $32K. We are just $3K away from our final level of support at $29K (see the longer term analysis linked to this article). This is the bottom anchor of our daily Fibonacci levels. If we break through this, recall that the next level of support is around $19K. If we are able to see a relief rally, the next targets are $34K and $34.9K, with a likely ceiling at $36.7K. The Kovach OBV is still abysmally bearish, and keeps edging further down, confirming the selloff.
Bitcoin Carnage: What to Expect From Here??We have been calling for a Bitcoin correction since highs in November of 2021 (red arrows on the chart). We even gave Fibonacci for areas of support, all of which were validated during the selloff. It seems that cryptocurrencies are becoming more sensitive to things like interest rates and inflation. The global markets have sharply corrected due to the Fed's increasingly more Hawkish rhetoric, and the crypto markets are no exception. They are in a tough position. Their task is to combat inflation with the only tools they have available. Despite the fact that the economy is still fragile, they seem to be gunning for 4 rate hikes in 2022, a decision which the markets are not taking lightly.
We have been highlighting $38K as the next major level for Bitcoin, garnered from our Fibonacci retracement levels. Subsequently, we have breached this level, and are currently in the vacuum zone between $29K and $38K. We do appear to be finidng some support, confirmed by a green triangle on the KRI around $35K which is the upper bound of a congestion zone from July. However, we aren't seeing the kind of buy back we would expect from such bargain prices. From here, we may range a bit and attempt to establish footing. Expect a consolidation pattern like a flag or wedge to form before Bitcoin makes its next move.
Currenty levels seem to be critical to stop the selloff from hitting $29K. If they don't hold, this is our next target. The Kovach OBV is extremely bearish on the daily chart, and does not appear to be showing signs of leveling off. If the rout continues and we hit $29K, then the 0.236 Fibonacci from early 2021 suggests that $19K is the next target, which roughly coincides with 2017's high before the great crypto winter of 2018.
If we do manage to see some buying come through, then $38K and $40K will be significant barriers to break and we anticipate a lot of resistance here. BTC had been flirting with levels in the low $40K's for months, establishing solid technical levels in this neighborhood. If we are able to break these, then $44K is the next major milestone.
KCS - Let's Go!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside the brown channel.
KCS is now approaching the lower brown trendline and 15.0 horizontal support in green, so we will be looking for buy setups.
Before buy, we want the bulls to take over by breaking above the previous major high.
on DAILY: KCS is forming a trendline in blue but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , KCS would be overall bearish from a medium-term perspective and can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
We Believe in Bitcoin BUT be PREPARED for all Scenarios You know i am a strong believer in bitcoin and it's Potential, but unfortunately from technical analysis we can see some stuff that we can't ignore! Bitcoin is below the Falling wedge that we broke 2 days ago. Now we trying to come back at the entry point of the falling wedge, if we go above and close the weekly and daily candle in the falling wedge our target it's the top of it at 41-42k. But if we touch it and get reject, bitcoin will have another lower low at the 30k range. Believe in Bitcoin but always protect your money and your self! NO EMOTIONS - NO EGO - SAFE DECISIONS - AND PATIENCE make the perfect trader!
CRYPTODROU
StayStrong!!
BITCOIN'S LAST STAND! THERE IS THE MOMMENT OF TRUTH!Bitcoin had 2 massive head and shoulders patterns, with huge correction effects!, but the blue support zone deffended the price for more than 15 times! Will it hold for once more? If it hold we will have a huge bounce to the upside? If it breaks the SUPPORT the price Target is at 20k range!!... But never panic Sale! The bitcoin is here to stay longer than some people thinks! It's a REVOLUTION and now or later everyone will understand it! The late ones will regret it!
CRYPTODROU
Stay Strong
Very simple math - GLD between $5k and $7k by 2028Compelling macro cycle activity pending for gold. Each previous cycle has moved 800% or more from the previous bottom. That puts GLD at approx. $8k be the end of the decade with few setbacks along the way.
Bitcoin Sells Off!! Hits Our Target of $38K!!As predicted, Bitcoin has sold off sharply to find support at $38K. Dedicated readers should be well familiar with this level and we have been calling it out as a target for over two weeks now. We found support exactly at our level at $38.2K. If you recall, this was the 0.236 level on our daily Fibonacci levels. This is the last level, so if this does not hold, there is a vacuum zone down to $29K. The Kovach OBV has fallen notably, and barely shows any sign of picking up. In the event of a massive selloff, we might expect Bitcoin to find support and a generous pivot as investors pile in at lower prices. However, we still aren't seeing the kind of buying interest we'd expect from such a fire sale in BTC. This could suggest that there is another leg to this selloff. The next targets are $37.7K and $36.7K. If we do see a buyback then $40K will provide significant resistance.
ADA long-termmy opinition about ada is that
we have small base-trade that it haven't touched yet AT 14-16$
so i'll buy at the deep
but now i bought some ada because my analyse maybe failed.
GOODLUCK
Why Bitcoin may Dip FurtherBitcoin has found support around our levels in the $41K handle. This follows a brief attempt to press lower, which was bought back up to support. Bitcoin is holding a very narrow range, and the malaise from buyers does not bode well for upside potential. The longer Bitcoin ranges without significant buying interest, the more likely it is to see another dump. If so, watch for support in the lower $40K handle, but if that does not hold, we have our eyes on $38K. If we can muster a breakout, then $43.8K remains the level to break before we can press higher into the mid $40K's. There is a vacuum zone above $43.8K to $45.0K. The Kovach OBV has completely flatlined so we will need to see more momentum come through either way before BTC makes its next move.
WHAT HAPPENED EVERY TIME BITCOIN TOUCH DONCHIAN CHANNEL For more than 2 years every time bitcoin touch the bottom blue line of the Donchian Channel in the weekly chart a huge run up was coming after! The last time bitcoin touched it was on 21st of June and we found great support! Will it happen again? Is it enough? We see only the bearish patterns but it's good to see all the prespectives!
CRYPTODROU
Stay Strong!
BITCOIN PRICE TARGET IF WE BREAK THE 39.500$ HUGE SUPPORT Unfortunately there is massive manipulation in the market, and we need to prepare for the worst! If bitcoin price fall from the 39.5 -39.6k huge support and trend line, we will have a continuation of the falling wedge. That may lead us to a new low at 35k and then to even lower if the new pump won't break the resistance. Get ready have patience and wait for confermation!
CRYPTODROU
Stay Strong!
ONE HARMONY UP TREND SUPPORT One Harmony had a pretty nice rally , but for once more the support need to hold in order to continue! will it hold? In my opinion we have a good spot for a nice trade with good gains!
CRYPTODROU
Happy Trading
POLYGON-MATIC UP TREND SUPPORT!Polygon-Matic had a really nice uptrend and now is about to test the support for once more! Will it hold ? will we have a nice bounce trade to the up again?
@CRYPTODROU
Happy Trading
HNT - HELIUM READY FOR BOUNCE- SUPPORT AND RESISTANCEHNT had a pretty big drop but as always this is healthy in order to find support and go up! Now is the time, we are really close to our major support and soon we will have the bounce we expect !!
CRYPTODROU
Happy Trading
WAVES BOUNCE SOON?? HUGE SUPPORT Waves had a huge drop after the M formation, but the time has come and the support is really ready to defend the price for once more, as you see many times done it before! lets go for one more bounce
CRYPTODROU
HAPPY TRADING
ADA HUGE BOUNCE INCOMING AFTER RETEST SUPPORT AND RESISTANCE Ada had a pretty big drop after the ATH but that's how ADA works, in a wave formation, huge pumps and big drops. We are at the strongest support and i believe if we keep the support a huge is there for sure!
RED LINES : RESISTANCE - TP
GREEN LINE - BOX : SUPPORT AND BUY ZONE
CRYPTODROU
HAPPY TRADING !
GALA LONG TERM POSITION, BOUNCE TRADE SUPPORT AND RESISTANCE Gala had a really big pull back, but now is really close to a nice pump because of the huge support we have!
A BUY SPOT NOW will make you soon a really god gains $$
It's a long postition so give it the appropriate stop loss, and time!
CRYPTODROU
HAPPY TRADING
BITCOIN SUPPORT ZONE - BUY ZONE - RESISTANCE Bitcoin had a pullback, but is normal and healthy. It's in our support zone and soon we will see a new highs. Don't make the same mistake most people did in Summer!
Red Lines our resistance and target prices
Green lines- blue box : buy zone and support
Bitcoin Sells Off!! Finding Support??Bitcoin has taken a sharp turn for the worse. We anticipated support at $41.9K, and we started to see what looked like a pivot, with a sharp buy that made an attempt to break out back to $43.1K. However this was quickly smacked down and we made another run for $40K. Currently, we are seeing a bit of a buy back, which is currently testing $41.9K. The Kovach OBV is still very bearish, arching down after flatlining for a bit. The volatility at current levels may suggest a bottom and mark a signal to start accumulating a long position, so long as buyers are aware that we could see lower levels. We are still eyeing $38K, and if malaise from bulls persist, we should eventually test this level. If the small rally we are seeing at the time of this writing persists, then $43.1K is the next target.
BTC MONTHLY CHART IDEA 💡 Note to self. This is just a note to refer back to when btcusd is $1,000,000.
What are your thoughts?
ZOOM OUTBTC price may appreciate at a rate something like this is what I'd imagine. This is just a note for myself to return to when BTC is $1M USD.
Bitcoin Tests Lower LevelsBitcoin has 'rounded off' in price action and is testing lower levels in the $40K handle. We are seeing good support from $41.9K and $41.6K, confirmed by two green triangles on the KRI. Though we are seeing support at these levels, there is still a lack of buying interest which does not bode well for BTC. If these levels do not hold, then $40.8K is the next level, then $40.0K will be the final barrier between BTC and the $30K handle. Our lowest target for support for now is $38K. Current levels seem to be holding strong, and if we see a relief rally or a small pivot from them, then $43.1K is the next target. We need more buying interest before we can reestablish levels in the mid $40K's.
