Someone Bought HUge amount of BTC. That's why it bounced.Someone Bought HUge amount of BTC. That's why it bounced from 46.
Btcforecast
New Low Close on the 1D for BITCOINThe daily candle that just closed and all of those moving averages we fell below and the fall in volume, the China sales... I could go on but I think it's about time that my lower targets come in at last before we rally to new ATHs
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BITCOIN Bounced in familiar territory!BTC just broke out of a triangle on th 1h BTCUSDT chart.
We Bounced in the lower support region which held for the last month or so since the december 4 crash.
I marked our resistance levels on the chart:
1: At about 48k is where the 200 Day SMA is right now, BTC has been below it since Dec. 29 and got rejected multiple times since then when BTC tried to rally.
2: Right above between 48.250 and 48.600 is the Golden pocket of the Fibonaci retracement of the current trend.
3: We have the Bull market Support Band formed bythe 20w SMA (Pink 53k) and the 21w EMA (Green 51k)
Those levels have proven to be tough resistances for over a month now, and in combination with many other bearish factors and idicators, I still see lower price levels for Bitcoin befre we break the current downtrend.
See my previous posts for further details about my view point and targets.
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We have seen "THE TOP"Bitcoin has seen a local top back in between March & April 2021. Now it is clearly in a long consolidation phase.
The risk metric is about to enter the buy zone. Also, It clearly shows the diminishing risk in years which also means a reduction in return.
Pi Cycle also agrees with the overall analysis and indicates a long way for the next peak.
BTC Long Term + Short Term AnalysisLonger-Term (4Hr)
As you can see, from beginning of nov to end of dec, btc was trading in a channel and on the 23rd, it broke out.
A week later, on the 31st, we got a “textbook retest” on the channel and have since barely gotten any upside. Therefore, I propose that this bullish movement is only getting started.
Shorter-Term (1 Hr)
On the shorter time frames I am noticing a few things. For starters, I see there being a diamond forming, with btc in the final 20% of the diamond. Secondly, this may be an inverse head and shoulders with both shoulders being around 46,200 on average, and the head being at 45,500.
One other way of seeing this chart would be that we have experienced a double bottom; the first bottom being the left shoulder, and the second bottom being the head.
In conclusion, btcusd seems bullish on the 1 hr and 4hr time frames.
Thank you.
BTC/USDT 1DAY UPDATEWelcome to this quick BTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends
BTC triangle pattern create re-test green zone Bullish Signal BTC One Day Chart Analysis Bullish BTC once more 45000k close is a strength and from here btc will trend bullish from here to break its all-time high
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BTCUSD 1D - Bitcoin forecast until the summer of 2022Congratulations to everyone on the New Year 2022. Let all problems stay in 2021, and in 2022 make only right and not painful decisions, and cryptocurrency trading will bring only profitable pleasure)
Today we offer you a fractal from 2018 , which has been working quite successfully for several weeks in the current market.
According to this fractal, in the coming days, buyers will try to accelerate and fix the price of BTCUSD above $48700 . If they fail this maneuver, then a smooth descent of BTC price to the lower point of $44700 will be activated.
However, according to the same fractal, the alts should start feeling better than the BTCUSDT price. Capital may start to flow smoothly into the alts and the final stage of preparation for the alt season will take place.
It would be a good signal if some alts start to shoot up one by one and the only difficult task is to guess which one will shoot up next to buy it in time.
During the New Year holidays, we decided to read some analytics of other specialists, and they have a pessimistic mood, but we will try to go against the market mood, and we publish a mega-positive scenario)
According to this forecast BTCUSDT price can reach $136000 by summer 2022 , what will happen to Alts at such theoretical growth, I can't even imagine)
Write your opinions and forecasts for 2022 in the comments below the idea
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Altseason Almost Here!!!Ah yes it feels a little bit old saying this over and over again but BTC.D is being very stubborn and is holding on by a string lol, it looks like we could be in for an explosive altseason coming sometime soon... fingers crossed lol. We are finally seeing a decent push down below the 40% level which has given us lots of trouble recently and hopefully we can continue that drop to our 39.50% level which is absolutely key. Personally i believe if we do cross this mark soon and close below a couple times that will be our confirmation of altseason, we have no support underneath here unless we factor in price action from 2017-18. Looking at the BJ key levels we notice that we are slipping once again below the key resistance level that was recently support and this is our last key level for the downside and also plays into my reasoning of a fall below 39.5% triggering a big fall to the downside. Another interesting indicator, the bollinger bands, are beginning to squeeze down on price action and the longer and tighter this goes the much more explosive move we are going to see, the only problem is it doesn't indicate which direction, but for this scenario i think the guess is very easy on where we are headed. We are also trading in the bottom half underneath the midline which is a good sign, this also gives us the opportunity to trade down and to grab ahold of that bottom band on the BB's this can also trigger a big downside slip, and notice exactly where that bottom band lays.. right below that crucial level at 39.5%, another great reason to believe altseason is on the horizon. The EMA ribbons are starting to spread out and push down on price action, this shows us that the bear pressure is building up and is going to continue building up, i say that because this indicator does not turn on a dime and takes quite awhile to see a full scale reversal. We aren't even fully spread out either we are considered pretty compact or tight still, what we wanna see play out following this TA is the ribbons continuing to push down on price action and aswell as spread out further creating big space between the ribbons like we have seen previously, if you look back on big price moves you will see the EMA ribbons are much more spread out than they are now and thats what we are looking for and i think is what we are going to see once this 39.5% level breaks, we have the bollinger bands ready for an explosive move to the downside and then add the massive pressure from the EMA ribbons, we could see a much lower BTC.D and a perfect recipe for altseason! Not financial advice just my opinion!
BTC Update!Checking out our Bitcoin daily chart i mentioned we were trading inside of a bullish pennant and yesterday we had a false breakout and a close outside of this pennant, since then we have recovered quite nicely and are moving our way back into this bullish pattern! we do have a ton of work to do though, we are facing resistance at the midline of the bollinger bands, 49K, 50K, 51K and 52K, personally i think a great first step is making our way back and above the 51K mark, this gives us a great base of support and the ideal spot for us to start making some upside rallies, think breaking 50K is very bullish aswell but personally would like to see a break of 51 and 52K before we really jump the gun! A must break for us short term is the midline on the bollinger bands, we gotta get up and above here to gain that bull momentum, doing so effectively opens the door for a climb up the top band and an explosive upside move that is much needed right now. The RSI is coming up steadily and we aren't very far off of the midline, however we are facing resistance coming from the SMA (yellow), this is definitely a must break aswell before we can make that midline push. The reason our midline is very important here is due to the fact that being below it keeps us in a confirmed downtrend or sideways price action, getting up and above while holding this midline puts us back into a confirmed uptrend and relieves some of that downside pressure. now the Stoch RSI which goes hand and hand with the RSI and is also a faster mover, we notice we are on quite the fall to the downside but what interests me are the very possible reversal spots where we could see that upside bounce in turn bringing the RSI and price action along for the ride, we have a couple obvious spots where we could expect to see a bounce, uptrend support leading to the bottom of our zone and aswell as regular support slightly above that! Think the uptrend support is more likely due to it being in the oversold zone and its a bit aways away from the stoch rather than our horizontal support being just below the Stoch RSI! NFA Just my opinion!
Bitcoin - Every Upcycle started from trend line break upBitcoin - Every Upcycle started from trend line break up.
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BTC Weekly Update! Bullish Close!Checking out our weekly Bitcoin chart we are still trailing to the downside but we actually had a bullish close on sunday, we managed to climb up and above the 49K mark where we had our weekly close, we have since fallen down below this level but thats not very crucial, we have another whole week to make progress moving back to the upside We just missed out on closing above the 51K level, both last weeks candle and this weeks have wicked up and above the 51K which is a good sign and i wouldn't be surprised to see us make a push for closing above here next sunday! Another good sign that i noticed is we are trading inside of a bullish pennant which historically leads to breakouts to the upside. We are pretty close to the apex point and could see a breakout soon but i would say the longest period before we get that true breakout would be a few weeks, thats the maximum time period before we would be forced to breakout, now we could see some crazy momentum this week which brings us to a breakout point this week but we must confirm with a weekly close above the pennant. We have wicked multiple times above the pennant and even had a false breakout awhile ago so we are effectively weakening the resistance every time we do so, if we were to breakout this week we would be looking at an incredibly bullish close due to the top of the pennant lining up directly above the 51K resistance! Now the EMA ribbons, this indicator even on the daily is a very slow mover but powerful indicator, it shows the bullish or bearish momentum we have over a longer stretch of time. On the Weekly this indicator is very powerful and is still pointing to heavy bull momentum shown by the green ribbons ontop, when things get bearish we see these ribbons squeeze really tight before then flipping to red ontop, and i personally would say we are a far ways away from that happening, what we want to see is the ribbons start to point upwards and begin to spread out even further carrying price action with tons of bull momentum! Now the Wavetrend, keep in mind this is slow but powerful due to us being on the weekly timeframe, we are approaching the midline on this downwards wave but things are starting to look really good, we seem to be flattening out along the midline which is getting me thinking we are getting ready for a reversal and a push into a next bullish wave, the red crosses are getting closer and closer to our actual wave which is what we wanna see in this scenario, and eventually we gotta see that wave cross overtop of the red crosses and that is when we can confidently say we are in the midst of a reversal! Overall looking bullish on the BTC weekly and could be seeing a strong breakout any day/week now with a maximum of 3 weeks before we see a true breakout! Not financial advice just my opinion!!
BTCUSD Long with 2 confluences
List of confluences: With more to form in the coming days.
1: Daily chart key level, which shows the formation of a lower high. We would need a breakout and close above this level (51 967 USD) on the daily chart to confirm a change in market structure and the creation of a new high.
2: Inverse head and shoulder pattern formation on daily chart and H4 time frame. Its more visible on the H4 time frame. We expect visibility to increase on the daily chart in the coming days.
Summary:
When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish. The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish.
Moving onto the daily chart, the trend is over extended remains bearish. We can see some buyers trying to enter the market, with the creation a lower high formed around the 7 and 8 of December. This shows possibility of the trend turning bullish, which would be in line with the trend on the weekly chart, making for some explosive moves to the upside. The target would be in the region of 68 100 dollars. Targets are set using fibs. We only looking to trade about 60 - 65% of the move with a decent risk reward as there is higher probability of our target getting reached. We do not want to stay in trades too long as anything can happen at any time
BITCOIN - Trade Opportunity with Good Risk vs RewardWe decide to openly share our personal trade strategy to show everyone how a good trade is made even in an uncertain market. That said, we want to remind everyone that no trade is without any risk, which is why we should only take trades where the reward is greater than the risk.
From a technical standpoint, the lack of money inflow may probably cause the BTC market to extend lower over the very short term. We also see that a support structure near $46K has been formed and therefore, if the market has sufficient buying interest to keep price afloat this price level long enough, then buyers are likely to reverse the short-term trend. A rebound from $46K would most likely retest the nearest resistance that has formed around $56.5K.
Given this reason, we decide to personally open a long position from $46.5K with a stop loss set at $45K. We plan to exit our long position from $55K and $56K with a profit ranging between 18% and 20%. However, if the price does not drop to our buy level or perhaps exceed our stop loss level, then we would skip the trade entirely or exit our trade with a small loss of 3.23%, respectively.
Please like and share this post if you find value in our personal trade. Thank you.
BTC/USDT 1DAY UPDATEWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends
BTC Weekly Candle Close & Bullish Signal BTC One Day Chart Analysis Bullish BTC once more 48500k close is a strength and from here btc will trend bullish from here to break its all-time high
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!
BTC - WARNING! POTENTIAL DROP TO 20K Hello everyone. MERRY CHRISTMAS! HAPPY HOLIDAYS! and I have a chart for you guys. I hope this helps people and stops people from losing money. I had mentioned in a previous chart that if BTC falls below 48K (which it did) I would
turn very BEARISH! I had a very good reason for that, and that is because BTC fell below the bull market support band (21W EMA + 20W SMA). BTC IS STILL BELOW this support band and I DO EXPECT MAJOR RESISTANCE HERE and I DO THINK bears are very powerful here and are setting up a NASTY BULL TRAP. DON'T BE A VICTIM. Lets look at the indicators on the chart.
There are MANY MANY youtubers, and other people on social media saying "the bottom is in" and all that good stuff. Everyone points to how it is technically a HIGHER LOW but EVERYONE IS FAILING TO REALIZE THAT BTC FELL BELOW THE BULL MARKET SUPPORT LEVELS. Don't get me wrong, IT DOES look like a bottom however there is SO MUCH RESISTANCE ahead and UNLESS there's some MAJOR CATALYST WHICH BLASTS BTC ABOVE 60K again, then I don't think bulls have enough strength here.
The chart is pretty much self explanatory. Notice how on MARCH 8TH 2020, BTC dropped below the bull market support band (BMSB). It is very similar to the recent DECEMBER 4TH drop! It even played out a similar pattern (shown in the YELLOW OVALS) before jumping back above the BMSB.
Now look at the GREEN OVALS... This is where BTC starts its downtrend. You can see previously BTC fell below the BMSB yet again, then attempted to jump back above BUT GOT REJECTED RESULTING IN A MAJOR DROP! On the RSI, you can see that rejection happened at the 50 level.
BTC IS IN A SIMILAR SITUATION RIGHT NOW! It has fallen below the BMSB and is currently trying to get back above it. NOTICE THAT BTC IS IN A VERY DANGEROUS POSITION ON THE DAILY RSI RIGHT NOW! It is at the 50 level!
Nothing is certain however I do believe in wyckoffian logic and it makes perfect sense here. The "composite man" has SO MANY people right where he wants them! Everyone is distracted. BTC put in a "higher low" so everyone feels comfortable buying in... Like I said, this could end up being a NASTY BULL TRAP! Either way I made this chart just so you can be prepared and understand that a 20K BITCOIN IS ABSOLUTELY STILL IN THE CARDS and very possible!
There are other indications that are in line with this idea! The daily and weekly RSI shows the DECEMBER 4TH drop as a "LOWER LOW" and NOT a "higher low" reflected by price action. This creates BEARISH DIVERGENCE on the RSI. Also BTC could possibly form a very BIG head and shoulders pattern here very soon which would have very low targets depending on how you position the neckline. The Weekly MACD crossed down and looks pretty bad IMO.
This is also in line with my previous BTC chart which I'll leave a link to so you can see even more evidence that a 20K BTC is VERY MUCH POSSIBLE.
Well that's what I have today. Hope everyone is well. I WISH YOU ALL A MERRY CHRISTMAS, and HAPPY HOLIDAYS.
Take Care.
* This is NOT financial advice. This is just an idea based off my experience. Please do your own research before investing or trading.*
BTC/USD: A Christmas Weekend Study FUNDAMENTAL BACK-DROP
*Imho, if there was ever a time to expect fireworks, it's right now.
*Weekend trading session for the next ~2 days. Institutions and majority of players are offline for Christmas day and/or weekend. Perfect environment for fuckery.
*US holidays, and Christmas in particular, are proven to be powerful market events. (Often see pivots in price/sentiment through these windows).
*"Buy when it snows, sell when it goes." - it's that time of year!
**Recent CME event (listing ETH micro futures ) on Dec. 6
**Positive reaction from most recent FOMC meeting on Dec. 15
**Recent full moon phase change on Dec. 20
LOWER-TIME-FRAME TECHNICAL ANALYSIS
*Structurally, price is trading within a megaphone pattern (making higher highs and lower lows). This implies high volatility in both directions until the megaphone is resolved.
*Certainly trading against some key highs right now (top end of the range). In good shorting/selling location right now for people who think this rally into Christmas is bulslhit.
HIGHER-TIME-FRAME TECHNICAL CONTEXT
*Price is coming awfully close to triggering a major double bottom , drawn off the 1D chart. (The counter-trend rally high following Dec. 4 liquidation cascade).
*$51,995 is the level to watch. I'm officially "uber-bull" if we start closing above this level.
*Bullish momentum divergence confirmed ( MACD ) and continuing to build on the 1D chart.
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BTC CME FUTURES FALLING WEDGE PLAYING OUT!!!Bitcoin has had a beautiful breakout to the upside of this falling wedge i was talking about last time, previously we saw 2 other falling wedges with the exact same setup as we currently have, a breakout to the upside of these wedges lead to some serious price action of about 60% gains. Due to the market correcting pretty heavily over the past month i expect this falling wedge to play out the same as the previous ones, could be a little conservative on this price predicition but i think the 80K mark is very doable by the end of this pattern playing out. a big confirmation that we need is a push up and above the midline on the bollinger bands with a daily close above, aswell as a daily close above of this wedge but thats looking like its going to happen today regardless. Looking at our last run up we saw a big climb up the top band on the BB's and thats exactly what im thinking is going to happen once we move further up, a break of the midline opens the door for that climb up! A look at our wavetrend we have bottomed out in the buy zone and check out the last time we had a bottom out at this level, right before we had the first run up from the falling wedge the wavetrend bottomed out and we haven't seen that since until now! We are getting a nice curved reversal and keep and mind that this indicator makes smooth transitions rather than jagged reversals and judging just off the recent bottom we had and the beautiful reversal we are currently seeing i think we are due for a masssive run to the upside! Not financial advice just my opinion!
BTC Ready To Move Up!Bitcoin has been moving pretty nicely the past few days, we are pushing up and above the midline on the bollinger bands and its looking like we are gonna get a for sure close above here which is a bullish sign and we are approaching the 51K level, if we can get a push up and above here and get a daily close at some point we are going to be really looking good! Another great thing if we closed up and above the 51K is that we would end up directly ontop of that top band on the bollinger bands, this i personally think will spark a massive run to the upside and bring us some much needed momentum. on the MACD we just recently had a bullish cross and we are looking great, seeing growing separation which is perfect, it lessens the chance of us having a near term bearish cross and also gives us some breathing room, what i mean by that is we can afford to have a down day or two without triggering a bearish cross. the wavetrend has seemed to bottom out in the buy zone and we are now starting the push back upwards, due to us being way down in the buy zone for quite awhile i think its pretty likely we are going to see very bullish wave going forward, likely an extended bullish wave before resetting with a small dip, on everything we got a ton of room to move to the upside and i think we are getting set for our next leg up in this bullrun! Not financial advice just my opinion!
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends.
btc update told in the previous chart it could jump from $46000 to $49500 as it happened now I think btc will test again on 21ma from here to $47500 and from here btc from 58k to 65k again Could jump to 85k, take new all-time high
Thank you
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
BTC: Probably the bearish market is not finishedThe BTC is in it's sixth main touch with the 8 year ascending channel. As we can see on the chart, the price is reacting intensely to the midline of the channel. Also, from my point of view, the market can form an ending structure. There is a less chance that the BTC can reach the upper edge of the channel, therefore, the descending path may be inevitable!
Good luck!
Bitcoin nearly reached trend line. Will it break it this time? Bitcoin nearly reached the trend line. Will it break it this time? Or False break out will happen?
BTCUSDT 1D When can and should go long?A lot of inquiries came from you about what's going on with Bitcoin and altcoins right now? , so we'll write a few words with our thoughts and try to answer them.
Constructive dialogue is also welcome in the comments under the idea.
This idea will be a complement to our recent BTCUSDT idea with the title: "This is what it takes to start the alt season"
So, this idea is on, only a few remarks to it will be written below:
1. Sellers may try to hit the stops below $45300 today, but at all $45000 is a good wall to buy.
2. If they break $45000 down, the price of BTCUSD may fall to $43000 on torn down stops, but without updating the previous low below $42000.
In such a situation, the green fractal may begin to work out, and with it the minimal, but still the alt-season will begin.
3. Below $42000 there will be a lot of negativity, and consequently the targets for the fall in the area of $32000. More detailed thoughts on this scenario are described in the idea below:
To sum it up: today/tomorrow, you have to be extremely careful watching the price behavior near the critical levels we mentioned above to make the right trading
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
