BTCUSD Weekly Forecast Analysis 28 Nov - 2 Dec 2022 BTCUSD Weekly Forecast Analysis 28 Nov - 2 Dec 2022
We can see that this week, the current implied volatility is around 10.04% , down from 11.21% from last week.
According to ATR calculations, we are currently on the 62th percentile, while with DERIBIT DVOL we are on 31th percentile.
Based on this data, we can expect on average, the movement from open to close of the weekly candle to be :
In case of bullish - 4.9%
In case of bearish - 7.7%
With the current IV calculation, we have currently 19.4% that the close of the weekly candle is going to finish either above
or below the next channel:
TOP: 18286
BOT: 14601
At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week:
25% chance that we are going to touch the previous low of the weekly candle of 15500
64% chance that we are going to touch the previous high of the weekly candle of 16800
Lastly from a technical analysis point of view, currently 80% of the moving averages rating, are insinuating we are in a bearish trend.
Xbt
XBT Short-Term 1H | 26-Nov.The chart technically stays the same.
While XBT has gone below EMA10, 21, 50 and 100, it remains trading above MA200, the main support.
If MA200 at $16,410 fails, then $16325 will come into play...
Anything lower and Bitcoin can easily test the blue support level on the chart, high 15Ks.
But we continue to see consolidation nothing more.
If I had to guess... I won't.
Let's wait and see how it goes.
Namaste.
XBT Short-Term 1H | 25-NovNot much change.
We have the breakdown 20/21 Nov. followed by a recovery 22/23 Nov.
After the recovery, we are seeing bullish consolidation.
Bitcoin (XBT) stays above MA200 and EMA10.
Bullish signals in this short-term analysis.
If MA200 is lost as support, XBT can revisit the lower levels marked blue on the chart.
Currently the bulls have the upper hand.
Options expire today which is normally a bearish event.
Watch out for sudden moves.
EMA300 ($16,755) is the immediate resistance on bullish pressure.
That's all for now.
I'll keep you updated.
Thanks for your support.
Namaste.
XBT Short-Term 1H | Bear vs BullOnce again we look at Bitcoin (XBT) short-term.
We have a recent bullish move... What happens next?
Above the blue and grey lines the bullish move can continue.
Immediate resistance is also found at the black line or MA200 ($16,483).
Looking at these three levels, XBT needs to move above the $16,500/$16,850 price range to knock out the bears.
Any trading below the blue line (~$16,615) can keep the bears alive and the drop resume.
If this level are conquered, then the balls passes towards the bulls.
More details on the chart.
Still red...
Namaste.
XBT Short-Term (1H)We have a bearish continuation/consolidation pattern.
- XBT broke down yesterday, 20-Nov.
- We have multiple strong bearish candles ending in a new low.
- Bullish candles are being rejected closing with long upper wicks.
- Trading below EMA10 and EMA21 signals lower.
CHANGE
Moving and closing above $16,350 on the 1h timeframe can signal recovery.
Note: This is a short-term analysis.
It won't be valid for long.
Thank you for reading.
Namaste.
Bitcoin Bearish Break out and Ready for $12000 ?#Bitcoin Analysis:-
$BTC trading at $15800
- Broke down $18400 Resistance and down -16% from Support
- As Per Chart Target area is $12800-$11800
- Box = Buy here and Sell above $200k
Or
- Sell here and Buy above $200k
Decision is yours.
- More Negative News mean more Buying opportunities.
Now Close to short with High Leverages and Try to accumulate some Bitcoin in Spot.
Target = 20x - 50x Wealth in Next Bull Market
Unfollow Moon Boys who called Bottom at $50k / $40k / $30k
Flipping Bearish Short-Term Bias on BTCWhile originally expecting more pullback on BTC to the upside. It's becoming more evident that BTC is rounding out at the top of this up move. More and more signs are coming for lower prices. So While i expect price to move a bit lower now, higher prices are still a possibility. This is an odd range, and I'm willing to be wrong due to the nature of that.
With some divergences and elliot wave counts to be showing price as bearish, i'm not sure it stretches past the low from the 9th quite yet.
Bitcoin Short Update ( Fight Between Bull and Bear )#Bitcoin Short Term Analysis:-
$BTC Current Price is $16900
As Per chart Looking Bearish and Waiting for Retest.
Retest Level = $18700
Resistance:- $20700
If BTC Rejected $18700 Then High Probably to Hit $12000
But Keep in mind Another scenario also:-
If Breakout $18700 and Hold $18700 Level upward side then We can see $32000 in Short term.
Never trade Blindly.
Always open any trade after Confirmations.
Note:- Never Forget to Accumulate bitcoin For Long term.
This Price we never see in Future.
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
Will Bitcoin Test $10200 Level as Per Chart Year 2017 Support#Bitcoin weekly Chart Analysis:-
$BTC Already broke 2017 Bull Market ATH
Now Trying to Test 2017 Bull Market Support.
Now Scenarios:-
- $BTC already broke $19000 support which is bad for Bull
- BTC may test $11000-$13000 Level ( If hit then that will be best for Accumulation)
- 2017 Bull Market support is $10200-$11800
- For Actual Bull Market BTC must need to Break $25000 Level
- if Break White Line Resistance ( Now Around $25000 ) then Ready for New Bull Relly.
- Never Forget Buy and Hold Ruls
- Many Bad News coming that’s mean we are Going in Right Path so Never Panic
- More Panic news mean More Buying Opportunities for Bull Run
Bitcoin entering a long period of Wyckoff accumulationSo the bounce idea has been canceled by Powell. Awesome times we live in, where one single individual can dictate the direction of entire markets.
And since BTC is very strongly correlated with the stock market (unfortunately), this means that BTC is just following the general direction of the stock market.
And since the FED appears to be very hawkish, this means that the Bounce scenario is now all but ruled out.
I personally now favor a Wyckoff accumulation pattern such as last seen on a long timeframe in 2015. Basically the whole of 2015, BTC was hovering around 200 USD plusminus,
and only in late 2015 did BTC start to enter the next bull phase.
I think we'll get something similar this time. As soon as inflation has sufficiently fallen, the FED will halt raising interest rates, and the markets will enter the next bull phase, and
so will Bitcoin. Let us not forget that the halving approaches fast, in April 2024.
So i foresee the next peak in late 2024 or early 2025.
I also don't see a huge stock market crash like many, because if too many people believe that something will happen, then it won't.
In this accumulation phase, BTC can retest the low at 17600 at least one more time, but normally it should hold. I think the next BTC peak will be in the 200k ballpark. BTC doesn't perform
as well any more, as we would like. Last time we "only" got a 23x from the low to the top, now I think a 11 or 12x from the 17600 low is the best we can hope for. Law of diminishing returns
in full action here!
That is my current view :)
Anticipate Major Bitcoin SelloffOn the previous analysis we commented on how Bitcoin could make another high, however - the upside is limited. After rejection from the weekend and a recent break of structure to the downside - it is pretty much confirmed for lower movement in the Bitcoin price.
Look for solid zones to short from, as directionally - the downside is the most likely in this scenario. Especially with traders becoming overly optimistic. Pattern wise, this looks like an ending expanding wedge. Wave count wise this looks to be a very clear ABC to the upside with a wedging B wave.
RSI is also overbought with divergence. Buying is much more dangerous than selling at this point despite the recent uptrend.
Volatility contraction in #Bitcoin signals further upside Bitcoin and Ethereum are ones of the assets that haven't undercut its June lows.
In the daily chart of Bitcoin is above its 50-day MA and I see a pivot buy at $21,350.
But, when I zoom in at the 4-hour chart, I can see a good volatility contraction with a pivot buy at $20,700. Remeber that crypto never closes so 4-hour charts is the equivalent of a daily chart in stocks.
For me this is a good point to start with a small position and then add more on a breakout above the daily pivot.
There are two resistance zone you can use as targets, one is the September high and the other is the August high.
BTCUSD Weekly Volatility Forecast 7-11 November 2022 BTCUSD Weekly Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 8.02% which declined from 8.27% last week.
Currently according to ATR we are on 27th percentile, and according to DVOL we are on 8th percentile, indicating in both cases, that we are currently is a quiet market.
And as a matter of fact we can that this was case for the last months, but at the same time , one has to be aware that during this "quiet times", things can change radically.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 20% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 22600
BOT: 19200
This can also be translated as a 80% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 21500
30% chance that we are going to touch the previous low of 20000
Short Term BTC Upside is LimitedThe upside for bitcoin looks to be running out of steam. With a strong divergence on RSI and a wave count that favors downside impulsive move, it looks as though bitcoin - at least for today will see lower pricing. If the immediate swing low doesn't hold, we could likely assumed a wxyxz pattern will not hold and that these are all impulsive waves to the downside; which looks to be the most likely scenario here.
I wouldn't want to assume that bitcoin has started a bullish reversal as of yet. Let this range play out some more since several bitcoin brokers disagree on the pricing of the last big down move towards 18k.
Stick with a conservative bearish bias, knowing if we make a new high in the short term - it's likely limited. Then take it day by day for when price moves lower, because medium term (1-2 weeks) pricing could create new yearly lows, but it likely won't be long lived either. Long-term i am bullish, short to medium term i am bearish - due to wave counts and rsi.
[Bitcoin] End of bear market (important update)Finally I think the throwback is not complete so I expect a drop of about 10% to get back on the oblique of the falling wedge.
Reminder of bullish factors:
- double bottom
- end of falling wedge
- breakout completed
- huge bullish divergences
- FIBO retracement 78.6% since march 2020
- increasing volumes since june
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to Transactions ratio)
Bitcoin | On the Cup of Major BREAKOUT..!!
Bitcoin has been in a Bearish Trendline Since November 2021. (+70% Down from ATH)
Seems like BTC is Bottomed out & on the CUSP of Massive Breakout 🫡
In Weekly timeframe Chart, Bitcoin is forming Falling Wedge which is Bullish Pattern.
Bitcoin Bulls need to Clear the 24.8k Major Resistance to Confirm the Breakout.
Weekly RSI is Still Moving Below the Major Trendline.
Remember that We're Still in Bearish Trend until #Bitcoin Break the 24.8K Trendline Resistance.
If bulls reclaimed the Resistance, Next BullRun Will Officially Start 🔥🚀
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
BTCUSDT - There is room to growDespite high level of liquidations (around $1.28 billion in the last 24h) I think there's room to grow still for btc & eth. Don't have high targets, but this small pump looks unfinished yet.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Bitcoin Analyze (Festival of 🔴Resistances🔴 and 🟢Supports🟢)🎪Over the past two months, Bitcoin has been watching a Festival of 🔴Resistances🔴and 🟢Supports🟢.
Another point is that in the last 6-8 months, Bitcoin has become more dependent on parallel financial markets; this can be both good and bad.
Positive point: The world has accepted Bitcoin as registered capital, and It respects Bitcoin.
Negative point: It may no longer have the charm of previous years, and we will see fewer surprises in the market.
In the past hours, the DXY index was able to break an important support zone, and this caused the financial markets to breathe new life. And the digital currency market benefited from this failure.
Also, if we look carefully at the Bitcoin chart in the 12-hour time frame, we can see that Bitcoin is in a sensitive area; the meaning of sensitive area is that Bitcoin is located near the trend lines and the resistance area, and from another direction, Bitcoin has been able to It creates an Inverted Head and Shoulders Pattern (which seems to have all the factors of a standard pattern) and also if we look at the candles of these 2-3 days, we see that the Rising Three Method continuation pattern creates the right shoulder of the Inverted Head and Shoulders Pattern and this is a good sign. And there is hope to break the lines of trend and resistance zone ahead.
I have tried to draw for you in my chart the path that Bitcoin can take in the next few days.
My personal opinion is to wait 7 hours to confirm the Rising Three Method continuation pattern.
❗️ Note ❗️: If the Rising Three Method pattern is not well-formed within the next 7 hours, we can expect Bitcoin to fall again in the coming days, and the Inverted Head and Shoulders Pattern pattern will fail.
Bitcoin Analyze ( BTCUSDT ), Timeframe 12H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Big Breakout Coming Soon#Bitcoin Technical Analysis:-
$BTC currently trading at $19160
Still Trading in Descending Triangle.
Triangle Range :- $18000-$20200
So Guys We are Very close to Breakout.
So Still Waiting for Good Trade and Watching closely.
If Breakout Up side then We can Open Long Position or Buy Bitcoin.
Up side Breakout Point :- $20200
If Break down $18000 Level then we can see $13000
So Guys Never miss this Time opportunities.
This time Spike will be big.
Breakout Max TimeLine :- 24 Days.
Upside Targets:- $25,000/$31,800
DownSide Support:- $12800
Guys Never Forget to Buy Bitcoin at Cheap price.
You still can buy for Long term Holding.
If Dip you can add more Bitcoins.
2025-2026 Target will be $200k
For Long Term Investment this is Not bad Price.
Hope you understand and Learned.
Thank you