POST HALLOWEEN BAG GRABS!!!
2 minutes ago
Somewhere on Coast of the USA
This is a meaningful description of my analysis and prediction. I'm walking you through my processes now. IF i were in your shoes I would question the validity and expertise of this author and judge the value of accuracy in about 9 seconds. How many followers? Do people comment on the posts made?
After that, I'd look back at the chart and read the Happy Halloween and see an GEAR icon.
Most importantly notice the very simple diagonal trend line downward that wrapped in a GANN STAR. IF THIS POST WAS STRIPPED DOWN TO THE BARE ESSENTIALS, that one line would be the only thing I would leave on the chart.
Then I'd sit and stare at the easy-going simplicity for awhile and make some future plans about an EPIC TRADE of the Year!
Btcusdforecast
$BTC Final Leg downOkay, I'm back. Been away for a while. Just sitting on the sidelines watching certain parts of the space make assertions for bullish runs back to the ATH, 100k, and bitcoin bottoms and even saw
a few who compare data from 3 years ago to now as if the economic conditions globally are the same.
Now there's nothing wrong with these assertions, however, I do believe they lack perspective because many aren't taking into account the current state of the world.
Nevertheless, nothing has changed in my analysis, thoughts, or personal opinions when it comes to the direction of bitcoin.
As is charted back in march the S&P500 the direction was down, why? because world as well as the U.S economy is in a terrible state. Even though the fed's didn't raise rates by that much then. I pretty much assumed they would do
what they did now. Which was raise rates by 75bps, because the obvious is happening. We are heading into a harsh recession.
I still feel that way now, but with inflation being a primary concern and the fed hiking rates by 75bps and continuing to hiking it to i believe to 150bps next the fed is using a method
called quantitative tightening (you can think of it as the fed putting inflation in a chokehold) to get hold of inflation , which hurts the stock market in the process and could last for 2 years.
With the fed trying to get a hold of inflation, the current state of the world, and U.S., and the performance of the stock market.
It's imperative to remember bitcoin and the whole crypto market isn't a mature market yet, it's fairly new.
So it's going to fall to the whims of stock market (mature market) movement because it's reflects investor confidence.
In other words and simply put whatever the stock market is going to do, bitcoin is going to do.
I made a chart previously that showed on the weekly TF that on the entire chart that most of the trading volume is at 9k.
Which tells me in regards to S/D trading technique that is where most of the demand is for $BTC.
This chart that i've have created should be the last leg downward for bitcoin.
As you can see on the chart bitcoin as drawn out the same patterns over and over. This is why i didn't understand why people were calling for bottoms at 17k?
Based on this bearish pennant that it's currently forming we should expect to see 9k btc, with the likely of touch as low as 7k briefly.
This all aligns with everything i have been saying since january, i have not changed my stance. Whether you like it or not.. we will see 9k.
I've told people months ago, to put money to the side because you're going to get an opportunity of a lifetime
with some cheap entries into your favorite projects. This is where millionaires will be made...😎 take advantage!
BITCOIN BTC price forms "Double bottom" before the growth startWe want to believe that a "Double bottom" or an "Adam and Eve" pattern is forming on the Bitcoin price chart
By the way, how this pattern works was clearly demonstrated by the XRPUSDT price.
So, the BTCUSDT price is at a conditional day now, and I want to believe that October will be a month of growth.
The intermediate goal of working out the "Double bottom" pattern is $29,000
The global goal of growth within the scope of working out this pattern is $34-36k
Below $18,000 there is emptiness, there is no liquidity, and accordingly a fall to at least $12,000 very possible.
The most alarming thing is not the possibility of the fall of the crypto market itself, but the fact that very, very many small and medium-sized participants of the crypto market are waiting precisely for a fall to $12,000, and not for growth.
But the realities are such that the minority earns on the crypto market, and the majority loses.
Well, time will tell everyone..., we realized our thoughts on the market by trading with compliance with risk management under the following conditions:
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BTC daily and weekly chart sharingDaily chart:
There is still resistance at 20500, 21391.01 and the trend line above. Before breaking these resistances, BTC may continue to show a lower high and lower low trend.
The main support price is around 17580. If BTC forms a second bottom here, there is a chance to get out of the double bottom pattern.
Target price above:
T1: 22300
T2:22800
T3:25214.57
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Weekly chart:
The current price is in the support range of 1.272~1.382. If the price falls below the support range, there is a chance to come near 14900 and 10644.13.
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BTC Market Analysis 27/09/2022BTC again bounced from the trend-line of the symmetrical triangle and consolidation in the symmetrical triangle continues.
Bulls have tried to break the resistance trend-line many times but ended up in fake-outs or rejections.
Now we have to wait for a breakout with a retest, which will confirm a bullish move in the market, and a breakdown of the demand zone with a retest below it would be a sign of a bearish move in the market.
BTC Market Analysis 09/2022BTC moving in a symmetrical triangle. There is a tug of war between bulls and bears. Complete indecision in the market. Weekly close is near high volatility can be seen.
In order to decide for orderbooks we have to keep an eye on a successful breakout with a good volume or a retest, which will confirm the next move of BTC. Currently its swinging between the weekly close and high.
Currently the DXY is moving to higher highs which has a complete reverse effect on BTC movement, so we have to keep a look on DXY too because Bitcoin moves completely in opposite direction to DXY & we all know whats happening with US $.
Best of luck!
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.
BTCUSDT 6h How The Fed meetings affect the BTC price Today, the attention of participants of all markets: cryptocurrency, stock, etc. chained to the meeting of the Fed and how much they will raise the rate. Forecast +0.75%
Before we analyze on the BTCUSDT chart how the price reacted to the FED and Mr. Powell statement, it is worth understanding one thing:
Indicators of fear and "pain" are simply off the charts. Many investors are already squeezed like lemons from being constantly under stress and fear of the sinking of their deposits and on the psychological edge to give up and what will happen next will not matter. It is during such periods of psychological upheaval that even the slightest positive on the horizon or even the absence of additional negativity can trigger rapid growth. The first wave of growth can be triggered by mass closings of shorts. Closing of short positions (shorts) by large and medium-sized funds or investors is buying on the market, and this is equal to a large green candle up.
Inflation has already peaked, and in late 2022 or early 2023, the Fed rate may be higher than inflation. In this case, the regulator gets the green light for stimulus, starts the "dollar printing presses" at full capacity and the markets soar. This was the case in March 2020, when the markets began to be supported against the background of the Covid-19 crisis, look at the trade history or remember it that way.
Now on the rates announced by the Fed, expectations, fact, and market reaction:
.........................Fact.......Forecast.......Previous
09/21/2022,........................3.25%...........2.50%
27/07/2022,.........2.50%........2.50%...........1.75%
15/06/2022,.........1.75%........1.50%...........1.00%
As we can see from the BTCUSD chart:
- 15.06, the rate was raised by 0.25% higher than expected, at first the prices shot up, but then the minimum was updated by -16%, which set the minimum for 2022.
- On 27.07, the rate was raised to the expected +0.75% and the Bitcoin price increased by almost +17% during the next 3 weeks.
- 21.09 if the rate is raised to the expected +0.75% or less, the markets will undoubtedly soar. If you raise the rate by +1% or more, accelerating the possibility of starting a printing press, a short-term market drop is possible. With this fall, large funds can tear off all the stops of small and medium-sized "long players" and, at increased trading volumes, sharply close shorts and turn into longs. This is a double buy, a large green candle to the upside and a V-reversal on volumes.
Summarizing:
The most negative forecast that can be seen now is a drop in the BTC price to $15800-17200 with subsequent sharp upward buying.
If you are a medium to long-term trader, in our opinion now is the best period to place limit orders below to the "grid buying" in order to get a tasty average price as a result.
Closing old longs is too late, opening new shorts is dangerous.
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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 :)
Levels and Price projections for BTCSo far we did not lose 12.618 fib and a level on a daily close. If that happens, there is a few stuff pointing us to around 15K for start.
1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support.
2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower).
3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-)
Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past.
This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
Bitcoin channels support and resistance, longtermAs you can see, BTC is back at the bottom of a confluence of two long term support lines, $20k now is the same as $10k from a few years ago. I'm expecting a bullish break out soon to cross above the red downtrend resistance line and retest the top of the current black channel it is in to $40k, the chop sideways in the channel until 3/2023 - 5/2023 which is approximately 1 year prior to the next halving. The lame duck democrats will boast about how they controlled inflation, the USD will drop and risk on assets will be favorable, especially BTC and altcoins.