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Btc_usd

BTC where is the bottomBTC / USD BTC about to reach major support 32k - 28k F&G index dropped to extremely fear Whats the plan ? From current major support I expect market will do temporary bounce (alts will follow for few green days or few green weeks before next crash ) In the chart you can see : Major support 32k-28k i think MM will break this level sooner or later to hit stoploss of majority after that We can drop and touch 200W MA as History show every time BTC hit 200w MA it will end of bear trend and start of bull trend i think also Bitcoin wont breakdown its previous ATH at 20k (if it do that then we have serious problem that will threaten whole crypto system as BTC never breakdown its previous ATH ) Summary From all of above I think next long term bottom will be located between 27k-21k 1- which be around 200W MA 2- trigger for stoploss and liquidation 3- completion of giant falling wedge in my chart this is my own long term view , agree or not ? Don’t forget to like and follow for more analysis
BITSTAMP:BTCUSD
by Babenski
93
BTC (My long-term view)BTC / USDT Bitcoin is still following my first plan , posted here: Since last November BTC price is trading inside giant falling wedge which mentioned before In small time frames we can see potential bearish pennant under formation which mean we have high chance for another drop WHAT NEXT ? I expect the market to move sideway up and down in next days (between 28k to 33k) before another breakdown and this time my target will be 24k-21k (potential bottom) After that …we will watching the major trend line resistance for any breakouts for the start of new bullish rally , based on my view i think bullish market will start in August NOTE : if major trendline got a breakout first then the lower targets will be invalidated FINALLY : this is my own long term view based on signs/ chart and my thoughts/ experience… could be true or wrong so always DYOR Don’t forget to like and share for more analysis
by Babenski
34
BTCUSDT LONG MAJOR SUPPORTWe had a nice day for Bitcoin our major support zone is holding the price quite nicely after CPI data was released. People need to understand that current zone around 28-30k is not just some another support level but THE most important support for Bitcoin in current times tested multiple times. There is a lot of faith and money accumulated in this zone. It might break but not right now. In my opinion raise of interest rates expected by FED next week is already in the price. This is not something new to happen everyone knows about rising inflation and terrible economy around the globe. People expect something to happen but they are 99% wrong about timing. All my predictions are done anylising previous cycles of bitcoin and projections how it should act in the future by a algoritm. I expect BTC will climb back to 30k over the weekend and we are going for 200D MA in June. This is a typical short term rise in a bear market. We will see whats next after that but sideways around 30k during holidays seems most reasonable. Always trade safe and avoid hype. Best of luck.
Long
by Nameless1986
BTCUSDT - Long Term Prediction Based on Daily Chart (Log Chart)Hey guys, I have looked at the daily chart considering a longer term prediction. That cheat sheet is designed by Richard Wyckoff, I guess a trader would know who he is. So the way I see it, the daily chart fits his predictive cheat sheet. Weekly or even monthly fits better. What I believe is that we're gonna see some more drops with BTC before the next mark up phase begins. And that would be the area of 16K-20K in my opinion. This would also close the gaps on CME that BTC left behind during mark up phase. Always DYOR! This is not a financial advise! Cheers.
Short
by koklucinar
2
btc short (can can pattern)This text has been translated by Google Translate. I hope the translation method does not bother you and you will benefit from my analysis like the previous ones On Bitcoin we came across a pattern that is rarely seen on the chart. Can can pattern. And as expected, after the price tightens and reaches the supply point, there is a possibility of further fall to the lower specified area. We now have two possibilities. The first possibility is that the price has reached the main supply area in terms of compression, and from here we will see the price fall The second possibility is that a higher supply area is fresh and we will see a drop in price when the price reaches that range. To have a smaller loss limit, I consider a higher supply area to take a selling position. Note that this is a short time frame trade and for the long term there is a possibility of price growth of $ 28,000. Please stick to your limit and your capital management. Good luck
Short
by yasnafazeli
2