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Btcforecast

BITCOIN We Are Here & What Now!?Welcome Traders, Investors & Gamblers 😃 Daily Charts: Support & Resistance Levels On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already. Weekly Charts: 200 Week SMA & Falling Wedge: As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support to go back and test the resistance. 2017 $20k ATH: Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018. Monthly Charts: 200 Week SMA, 50 Month SMA: Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages. Fibonacci Retracement: The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020. I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
BITSTAMP:BTCUSDLong
by DeFeye
2
Is this game over? Come on, BTC, where's my Lambo then?What's up guys! Here's what I'm thinking. BTC is creating a rising wedge which is a bearish pattern. We made 2 tops already and perhaps the last one is to made. This pattern is very similar to the rising wedge we had this spring. 3 tops on falling vol and RSI ended up with a massive drop from $65k to $29k. Just look at the chart - we're creating another one, great wedge. We may be falling down to ~$53k, and then even rise to $68k, or the new ATH which would be ~$71-72k. But then, considering falling volume and RSI more probable is that we will fall down, and this may be over for now. I've marked multiple supports. I don't think we may fall down farther than to ~$28k but anything is possible. Stay safe, stay tuned, I'll keep you updated. Best!
Short
by JimmyHodl
5
BTC target $36,653 or $25,218BTC has been consolidating in symmetrical triangle for last 1 month and still there is more room to consolidate further. Upon breakout and retest from triangle, Technical target of this pattern is $36,653 and upon breakdown and retest we can see the target of of $25,218. So right now BTC is ranging in purgatory. There was a wick down on 12th may towards $26,702 but price went back up so right now BTC is in state of wait and watch. Don't take any positions until we have clarity plus weekend is here so expect some choppy movements.
by NasirCrypto
4
#BTC/USDT 8Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BTC triangle pattern breakdown and almost btc dump 28% and create the bear flag and bear flag breakdown almost 15% and BTC almost and BTC may come down 13%. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
#BTC AT ITS CRUCIAL SUPPORT, WHAT ARE THE NEXT 2 ?Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As we can see BTC again dumped and currently trading on a crucial support level . BTC needs to hold and close above this support level to recover upwards. I think Btc can still come up to $27200 or $26750 if it bounces from here then altcoin will bounce Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
4
#BTC AT IT'S CRUCIAL SUPPORT, WHAT'S NEXT?Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As we can see BTC again dumped and currently trading on a crucial support level. BTC needs to hold and close above this support level to recover upwards. Candle close below this support will lead BTC towards the lower marked green support levels. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
1
Where and when is the BTC bottom?Past performance is not always indicative of future results but I don't have a crystal ball so I will use the data available to me in order to predict a timing and area of the BTC bottom for the current cycle. On average there is typically 1,380 days between halving cycles. The beginning of the halving cycle to the price bottom of that cycle, takes approx. 830 days on average, or about 60% into the cycle. Cycle bottoms occur on average, 389 days after the cycle top. The average drawdown for the past 2 cycles has been 87% and 84%, respectively. That gives us these potential bottoming areas: 1) 80% = 13,850 2) 82% = 12,300 3) 84% = 11,000 4) 86% = 9,700 Based on this data I can reasonably infer that BTC is likely to bottom somewhere between 13,000 and 10,000, and between the months of September and November of 2022. * The above information is not intended as investment advice and should not be taken as such. These are my own opinions and TA. As always, please do your own due diligence before making investment decisions.
BITSTAMP:BTCUSD
by Drewsified
1
#BTC/USDT 3HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Currently, BTC is trading at a price level of $29357 BTC's support level of $28600 is a support bounce for Sam's price level. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
3
#BTC/USDT 1Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Currently, BTC is trading at a price level of $30096. BTC's support level of $29600 is a support bounce for Sam's price level. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
2
BTC - Running out of timeHey guys this is just a market update here for BTCUSD and the crypto market in general. It's FRIDAY and with the weekend coming, the time to make a move is now! I wouldn't be surprised to be a bigger move today as we've been waiting all week (month... year...). Sometimes big moves do happen at the end of the week, that way over the weekend the volatility can calm down a bit. It just kind of works out. The VOLATILITY has been insane this week. BTC has gone up and down and up and down, only to end up SIDEWAYS. LOL. BTC is still holding support, BUT BARELY! If you look at the MACD on the bottom of the chart you can see the yellow signal line IS below "0" but not below the red bars. Usually in situations like this, once the MACD SIGNAL LINE falls below the red bars that's kind of the "point of no return" and since these are 4HR candles, It has good potential for a sharp drop. Judging by the price action on the chart and the MACD, I'd say if BTC falls below 29,350ish that'll PROBABLY do the trick. ESPECIALLY if the 4HR CANDLE CLOSES below that line. In this situation I would definitely be looking for a bounce at the 27K area. If you've been following my ideas and updates you know I've been waiting for BTC to drop to the 27K area for quite some time however BTC has been holding sideways, reducing the chances of the 27K Idea playing out. I'd currently say it's about a 50% chance, with the other 50% chance being that BTC is bottoming now and will make a move up to the 36K area soon. Whether BTC drops to 27K-28K or not, I still believe its very likely that we will see a market wide relief rally soon and the target for that (AS OF NOW) is around the 36K area which is 20%+ I personally think there's about a 90% chance that BTC WILL make a move fairly soon (within days to a month) up to the 36K area. Even if the yellow support line breaks here on this chart and BTC moves to the 27K area I STILL think there's a 90% chance it bounces and moves up there... The question is when? If you're NOT USING LEVERAGE, I think its probably a good time to buy in and look to sell when BTC reaches the 36K area. It MIGHT fall just shy of 36K so I wouldn't put your sell orders at exactly 36K. 35.5K-36K would be more appropriate. If YOU ARE using leverage, The safest thing you could do IMO is HOPE that 27K bounce comes. If BTC drops to 27K-27.5K and its followed by very strong buying pressure, I THINK THAT would be an excellent time to buy in with leverage. Of course MAKE SURE to place your STOP LOSS orders and judge the risk reward ratio of your trade before making it. You can get liquidated VERY FAST in these markets especially if you've been using leverage this week because BTC has been up and down 5%-9% multiple times. That's easily enough to liquidate a 20x leveraged position and almost enough to liquidate a 10x position depending on where you bought in. Using leverage IS A WHOLE DIFFERENT GAME and if you want to learn more about it feel free to ask me. I (as well as most decent market analysts) DONT THINK it's likely that BTC breaks below say 26,500-27,500 before a relief rally. That is just the general consensus. Of course we could all be wrong and get wrecked but that is the risk you take. In my experience Technical Analysis DOES WORK and it is based off of human psychology. If you are disciplined it can work very well. It doesn't really work any other way. To sum everything up, * I'd say there's a 90% chance that a relief rally up to the 36K area is coming SOON (within DAYS to a MONTH) * The question is whether or not BTC will drop lower to the 27K area first? In either situation I PERSONALLY EXPECT THE RELIEF RALLY and I have buy orders between 27K-28K * I think it's very UNLIKELY that BTC breaks much higher than 36K (if it does at all) * I think it's very UNLIKELY that BTC breaks BELOW 27K before heading up to the 36K area first! (unless its a wick... 26,500 to be safe) And LASTLY, ***** I DO NOT think this is the MACRO BOTTOM as in "BTC will never touch these low prices again". THIS IS LIKELY JUST A SHORT/MID TERM BOTTOM so you're going to want to sell/take profit otherwise later this year you will almost certainly be at a loss ***** AS OF NOW, I believe the MACRO BOTTOM will come during Q4 of this year or early 2023. AS OF NOW, my best guess is that the price of that MACRO BOTTOM will be around 20K (18K - 22K) When the time comes, we will have a better idea of price & timing so FOLLOW ME. Also note that if you do buy when the macro bottom comes, It's likely that price action will be MOSTLY SIDEWAYS (with a few pumps and dips here and there). I think the whole year of 2023 will be a very slow steady climb as far as price increase. Maybe BTC starts the year at 35K and ends it at 55K. That might sound like nonsense to you but when you understand BTC halving cycles you'll understand that the next BULL RUN is not likely until spring of 2024. So what I'm saying is if you buy the MACRO bottom and you want to hold it until BTC hits 100K then you're likely going to have to hold it a couple years. When BTC was 55K and I posted a "warning" analysis chart showing BTC dropping to 20K everyone thought that was nonsense too. When ETH was around 3,700 I posted a chart showing it dropping to 2,300 then bouncing back up to 3,700 and then going back down... People thought THAT was nonsense too, but IN FACT , IT WAS SPOT ON because I was using a highly accurate harmonic pattern. I'll leave a link to that chart below, as well as a couple others. That's all I got for now, sorry for rambling on so much lol and for any spelling/grammar errors. You get the point. Stay tuned for updates . I Don't always post my updates specifically to TradingView though because they're usually just screenshots, or a few words here and there. Feel free to LIKE, COMMENT, FOLLOW, and SHARE please. I DO appreciate ALL OF IT. It takes me A LOT of time just to make these charts and analysis's, not to mention the time involved analyzing the market before making the charts. Although it is very time consuming, I do it because I enjoy it. See you next time.
BITSTAMP:BTCUSD
by Mboersma0324
2
#BTC/USDT 1Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Currently, BTC is trading at a price level of $30246. BTC has two support levels one is 50MA support and the second most important support area is GREEN ZONE. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
1
BTC/USDT 1Hr UPDATE As my previous chart got invalidated because BTC again failed to sustain a price level of $31100. Currently, BTC is trading at the price level of $30274. BTC has two support levels one is local 100MA support and another one is the most downtrend line crucial support zone. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
#BTC/USDT 2HOUR UPDATE BY CRYPTOSANDERS !! Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Currently, BTC is trading at a price level of $31125. BTC has two support levels one is 21MA support and the second most important support area is GREEN ZONE. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
2
#BTC/USDT 1Hr update !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As my previous chart got invalidated because BTC again failed to sustain a price level of $31600. Currently, BTC is trading at the price level of $29600. BTC has two support levels one is local trend line support and another one is the most crucial support zone. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
Extreme Similarity of Stock market since 1987 to the current BTCAs you can see, DOW Jones industrial average price action compared with BTC behaviour in this cycle. Of course, this is one of the many possibilities and market sentiment is very different I am looking at 20 years of price action with 2-3 years, but If I remember correct Bob Lukas ( 4-year cycle of BTC) youtu.be (here is one of his videos) , was in the belief that the top of this cycle would be close to the next cycle and then the bear market would be long. As you can see here, after this phase market was up, up to this point, gradually and steadily. Can we say BTC would not have any major correction and rise until the next halving? I strongly believe there are many other great cryptos out there that would perform better but if this pattern follows then we can say what we are expecting as the bear market should be revised.
Long
by MehranVa1992