Bitcoin Analysis 16.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Btcusdforecast
BTC ANALYSIS#BTC UPDATE.
#BTC has now lost the trend line support and the trend line is acting as the resistance now,the pink area support is crucial as it the double bottom for btc and any move below this pink box area would lead into some more pullback .
The next move will be updated on our website so please do visit.
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading at the pink box support area and any close below to the pink box could result in more pullback from here .Keep eyes on the support line as well as if btc loses and close below to the trend line support btc might look to test the blue box support area around 16k level
"First signals" that the markets are ready for growth, Why?👇Today we will consider the local situation on the BTCUSDT trading pair
And we will offer you a trade that has every chance to work out over the weekend.
Last week we published an idea with a possible BTCUSD price movement, it is still relevant, and we believe that it works perfectly
During the week that is coming to an end, the BTC price slightly touched the purchase zone and buyers organized a rather aggressive buyback (in the context of the current passive market)
Growth Bitcoin price for the week of +7% seems not a bad result, but it is much better that buyers managed to break the first portion of the short stops that were hiding above $17000
The next step is to hunt for the second portion of the short stops hiding in the marked zone above $18000
Today, there may be increased volatility in the market, because unemployment figures in the US are due to be released. It is expected that they will be an additional positive factor for growth in the markets in conjunction with the available data:
DXY - the dollar index began to fall actively (and has prospects for further decline) This means that the value of the dollar is falling, and it needs to be invested in the economy, and in business. So that the value of monetary assets does not depreciate, but generates earnings.
The last time such dynamics of the fall was in 2020-2021, and the crypto market at that time was experiencing a DeFi boom and the overall growth of most cryptocurrencies.
S&P 500 - is steadily growing as a result of investing the dollar in the most powerful companies that are included in the SP 500 index
Experts estimate the probability at 82% that the Fed rate on 13.12.2022 will increase by +0.50%, and not +0.75% as it was in previous months. Just three weeks ago, this probability was estimated at 60%, and this is already a positive trend
Well, considering all the above facts, we consider it acceptable to try the trade on the following conditions:
Entry $16661
Stop $15999
Take profit $18234
Have a nice weekend and profitable trading)
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BTCUSD one last stab up and down we goThis is what im thinking, we get another grind closer to that yellow trendline of resistance whereupon we see another move to the downside.
--i expect the price to move back down to the 15k range at least once more before we can be sure bottom is in
---unless we see a clear and definitive break of the yellow trendline
using this chart to keep track of BTC and its relative strength, other coins of course will follow the movement of BTC
not trading advice just my observations
BItcoin Possibility Bitcoin has been holding above the liquidity zone and also has been following the trend line. It can retest the trend line and then move our if we hear anything terrible from the fed we might retest the 16500 zones. else we already see the gap filled so we might see a move to 16800 and then a move to 18k and then a dip back. Liquidity hunting and Stop loss hunting are now a daily part of manipulation game.
BTCUSD Falling Wedge ElaborationEach touch along the bottom line of the falling wedge has led to bullish results (green circles, vertical lines)
This is shown with the bars pattern tool
Falling Wedges are classified as bullish patterns due to their ability to break out bullishly once reaching a critical point, I have also shown this with a bars pattern in green
This is good for Bitcoin and an elaboration on my previous BTC falling wedge post
Below
20 reason for sell BTC 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Near to bottom, last impulse move is ready
2 📆Monthly: extreme support level is coming from 13500 to 12000. Overall area trend is bearish
3 📅Weekly: bear
4 🕛Daily: Rounding Pattern /need to correct Structure Imbalances level
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bear
6: 2 Pattern Candle Chart: resistance at mid-band
7: 3 Volume: low volume at correction
8: 4 Momentum UNCONVENTIONAL Rsi: sideways between 40 to 60
9: 5 Volatility measure Bollinger bands: resistance at mid-band or 20 moving average
10: 6 Strength ADX: bearish farming a retracement curve bears are strong
11: 7 Sentiment ROC:
✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish till level
13: entry move: we will enter at a bearish move
14: Support resistance base: daily resistance
15: FIB: waiting for a trigger
☑️ final comments: wait till full correction
16: 💡decision: sell at resistance
17: 🚀Entry: 17900
18: ✋Stop losel:18750
19: 🎯Take profit: 13500
20: 😊Risk to reward Ratio: 1:8
🕛 Excepted Duration:30 days
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bitcoin Analysis 02.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BTC - What December Holds HistoricallyHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, we take a look at Bitcoin over Decembers from the past. Which direction does the price usually go, bullish or bearish ? It's no surprise that it seems to be a near equal amount of months up vs. down. Over the 11 months observed, we notice 6 green Decembers and 5 red Decembers. This makes probability near equal. However, we could take a look at a few other interesting observations:
💭 Highest increase for Bitcoin was +58.92% when the lowest decline was only -33.15%
💭 More often than not, two months of the same color follow
💭 The biggest yearly increase was during December 2012 - December 2013 with a whopping yearly increase of 9,899.19%
💭 The second biggest increase after that was from Dec 2016 - Dec 2017 with +2,681.15%
💭 The biggest yearly decline was from December 2017 - December 2018 with BTCUSD losing -84%
The crypto winter that started in December 2018 was one of the worst yet... But with the industry under pressure, could this year be the new record? IF BTCUSDT were to drop to $11 000, that would be a -81% decline from last December.
From all the above... Which way do you think the price will go during December 2022 ?
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CryptoCheck
Bitcoin is going to 10,400$I believe that we will see some positivity in market for the month of December but at the end I wanna say that BTC is no doubt going to 10,400 USDT. The time when people impatiently sell their crypto to the big whales who are the waiting for the zone, They will buy the dip and will make a big jump in price of BTC which I guess is going to 12999USDT in next years. From here we will see a biggest crash in crypto.
But the dip and wait
Be patient
Regards,
SAAD BAIG
BTCUSD Can Hit 12000 ?CRYPTO MARKET UPDATE BY TEAM TENUP
Pakistan Time: 06:15 AM
Bitcoin support levels - $16300 and 16000 strong Support
(Buyers available at this point )
Bitcoin resistance - $16,600 and $17,000 strong resistance
(Sellers available at this point )
Market depends upon Bitcoin movement so we updated you now trade with Risk management and enjoy the bitcoin update.
Keep like,share and comment if you like my content
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Analysis -
BTC Support is at $16,300 and $16,000. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle red at $16428.
BTC needs to hold $16,300 support level to prevent downside price action. The next support level will be $16,000.
Total crypto marketcap is at $835 billion and BTC dominance is at 37.9%.