Btcusdforecast
Fear/Greed Index = NEUTRAL ✅As many of you guys know closely look at the Fear/Greed Index indicator when trading the crypto market and i try to allign the technical analysis with the sentiment analysis because crypto market is very emotional and many moves are based on the emotions either it's fear/greed or anything else.
For today the 04.02.2022 FEAR/GREED index indicator is located at a NEUTRAL area meaning we have no ENTRY, the RETAIL HEARD is not in a GREED or a FEAR Sentiment so there is no trading opportunity based on this market analysis tool, let's wait for the btc drop somewhere around 45k - 42.5k in those areas there is a high probability the tool will be somewhere around 40-50 FEAR area so that will be a good LONG ENTRY.
✅ Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
✅ Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
✅ When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
What do you think ? Do you use this market tool ?
Bitcoin - Update ✅All the trades from the previous posts hit the TAKE PROFIT AREAS, i am still bullish on BITCOIN but right now i dont think we have a good entry area. I would like to wait the price somewhere around 45000$ or the w1 imbalance + bullish orderblock area on H4 somewhere around 42.500$ institutional figure.
From a market seasonality standpoint we are very BULLISH the incoming 3 months, look to only LONG in those periods.
What do you think? Where do you see BTC?
Trying New Indicators BTCUSDAn update for BTCUSD using a few new indicators
On the RedK VADER it can be seen we are at a bottom point
The McDonalds Pattern Indicator shows we have a nice support point
The Average lines allows a comparison to be drawn to a previous point in BTC's evolution, in which I think we will see price action following to be similar
BTC retest the important area BTC / USDT
BTC recently made the breakout through resistance
Now its retesting the same area but this time as a support
1– If this S/R area hold for next few days expect a rally to next targets in my chart and altcoins will follow …
2– If BTC lost this area (around 44k) by daily candle closure, will favor bears to enter the market again
Be ready for both scenarios
Don’t forget to like my idea for more
Thanks
BTC BIAS + my thoughts explainedBTC has been trending since 15th of May
We obviously don't want to go against the trend
but what I can see is that we have pretty
much been consolidating since the 27th of march
We also raided the FVG and previous highs really hard
I wanna see if we break out above the consolidation first
then come to take sellside liquidity
We still havent broken the trend but it looks like it
has already build plenty of sellside liquidity to take btc to
AT LEAST 45K to then push up.
Like I said I'm eyeing the 45-43K zone before another buy.
Support zone is literally around 45k + OB right below it so
it looks golden
$BTC bounce to $51-$56k to confirm resistance, then lower?Pretty much the same chart as I posted last time, just updating thoughts and timing a little bit now that price action has played out more.
I'm fairly confident that this move down right here will mark the short term bottom. I'm thinking that we could get a strong bounce up to the low to mid $50k range ($51k-56k) as the next move to confirm resistance, which would then setup a fall lower. The question then would be how low we go?
I could see us just going back to retest the $32k-$34k bottom of this structure, which would setup a larger bounce higher after (this is my bias right now). Or, I could see us breaking through the structure and testing $23k. In either way, stay cautious in the coming weeks/months, as a rejection in that $50k range would setup a sharp decline lower.
I've just gone fully long and am targeting to exit crypto again sometime in March/April. Then should the move lower play out, reenter towards the end of May.
Let's see how price action plays out from here.
Btc fall or riseI was expecting a fall on BTC but it's didn't respect rising wedge and move higher and now price Uper on 200 ema but as i can see a new zone here and BTC trying to broke it ... Stoch already on over bought so i am looking for some retracement before it's broke and go to test 50k .... What you guys think about this plz let me know
Bitcoin Update 29/03/22: Short-term Swing Opportunity 65% GainBitcoin on the way to low 80s 🚀 Bitcoin is currently 66% away from the 127.20 fib target @ $79,381. Strong buy Signals on the daily chart from both the Swing Call script for trend direction and the Bull market indicator for short-medium term trades based on momentum...going to be an interesting April/May remember to take profits on the way up! 🚀 Please see previous analysis below. Happy Trading :)
Bitcoin Update 26/01/22: Bitcoin ( BTC ) potential bull trap, bouncing 15% before the FED announcement, currently BTC is -45% gain from the ATH reached in November 2021. We currently are in a downtrend, BTC has recovered fast before and we could get the same here. The current RSI on the weekly is close to that of the March 2020 crash (which was a little lower than the current level)..patience will be key, wait for confirmation & price action, large volume back in the market will be key for confirmation of a reversal of the current trend. The FED will be deciding whether they will be hiking the current interest rates, and whether the current quantitative easing will continue or if they will be quantitative tightening. I believe we have not yet reached full capitulation and the $32K level will be very key before finding a true bottom. See previous analysis below. Happy Trading :)
Bitcoin Update 19/ 01 /22: BTC Death Cross on 14th January 2022, currently BTC is 63% away from the all time high price @ $69,004. A final capitulation may be in play before we can finally start climbing back up with a steady upward trend direction towards the previous ATH and the $79k target at the 127.20% fibonacci level. It is important to highlight that this final capitulation could occur at any time as long as there is high volume to confirm the bottom for us, a true bottom before a full trend reversal back to the ATH . One of the main aspects of the key capitulation from Dec 2018, March 2020 & May 2021 is that this has always signalled the bottom and the start of a new upward trend for BTC and alt-coins alike.
Bitcoin ( BTC ) on the daily chart is showing strong signs of an oversold market and is currently sitting just above a key support level at $40k, currently priced @ $41k. If the $40k level fails to hold as support BTC is on its way back down to retest the 23.60% at $39,694 which is currently -6% from the current price level. This current downward trend we are experiencing may lead to another consolidation period similar to that after the May crash where we saw BTC struggling to get past the 23.60% fibs 3 times consecutively during a 3 month period before finally breaking out in early August. Our AI script signalled a strong Buy Signal on the 28th July confirming the start of the last bull run phase which saw Bitcoin setting a new ATH just under $70K, a 1671% gain for BTC from the March 13th 2020 Bottom @ $3.8k.
As mentioned previously during the last year we believe the current cycle we are experiencing is something we have never experienced before (extended super cycle to foster the adoption cycle), old cycles have been broke and it is important to look at new information and data to better understand where we are going in terms of innovation. Technically, looking at the current structure of Bitcoin , we have a head and shoulders pattern, if this pattern plays out, which in a downtrend could see BTC below the bottom experienced in May. *Note this is just technically speaking, when looking at the market and on-chain analysis we can see that they are less and less Bitcoins available on exchanges, that coupled with the current inflation crisis & ongoing money printing are very strong fundamentals signals which are very bullish on the price of Bitcoin . 2022 promises to be yet another explosive year for the industry and like experienced in the past before, during these times you can really sniper in some great discounts for the next leg up 🎯