Btcusdlong
BTC BEARISH day tomorrow? 14k validBTC: after re-evaluating after some pattern invalidation, the best I can make for BTC is that this macro structure on the weekly where the weekly volume indicates a big move soon. Most likely decided by the SPY reaction the CPI reports tomorrw. So depending how the SPY leads, that will determine this overall trend for the next few weeks. The targets for the downside(15k and possibly 14k shortly after) and the upside(18.7 and 19.3k) are still valid from this perspective. My bias is bearish. Rising wedges in this overall downtrend would indicate a break down the downside targets so overall, I am still bearish. Looking for the downside targets listed above. On invalidation I will look for us to move to the top side of the channel to retest major resistance before another sell off
BTCThis is slowly becoming my primary count, Weekly chart can continue to push here while DXY finds a ST bottom, but as we can see my 3rd wave has yet to test the 1.618% around $15k.
Also the measured move breakdown from the recent triangle hits around $12,800. If my DXY analysis is correct and we get $110 ST pump to the dxy BTC should finish the 3rd wave anywhere between $10K to $15K before starting wave 4 to $24K and then ultimately finishing this bear market around $7,500 EOY.
BTC prediction long with entries and tp'sThe chart is pretty straight forward.
Presuming we dip down in price due largely in part to the anticipation of CPI results; I'm of the mind that we will tap bottom of the current local ascending wedge , and then build a strong momentum upwards out of the current local trend and at least to the first point ive marked tp1.
I am assuming in this scenario, that the CPI results will come back favorable. The current forecast is a lower rate, in turn i hope to see this be a catalyst for a liquidation hunt to the downside where i can catch a solid entry.
And finally, when the news is released and the results come back as expected; price SHOULD rise rapidly along with volume . (i have seen opportunity in this moment to catch a strong position as well. Volatility can increase quite violently, sending price in either direction, gifting the opportunity to enter at a possibly much better price point!)
As always, not financial advice. But if you were to utilize the price points marked on the chart for your take profit levels, please keep in mind that it would take a VERY strong rally, with a build up of momentum familiar to that of a bull market push. Now even with a bull run that sweeps us out from under our feet, tp4 is really pushing the limit. My opinion stands so that the odds of reaching that height are slim to none, and may be better left out of mind. However, tp2 and tp3 feel like viable targets based on the increase in volatility we are already experiencing. Momentum will follow as we build liquidity this week, and..
WE MAY GET A GLIMPSE OF A BULL RUN BABY!!
Good luck everyone. And while ive not included a SL in my chart; understand the R:R ratio you are comfortable with, and choose wisely!! Remember as well my brothers and sisters, our dear old friend is always lurking. And he will hunt down a sloppy stop. Be wary the market maker and lets enjoy this ride!
BTC :: BTC movement trend in W time frame .BTC/USDT :::
In general, it has been moving below the middle line of the blue channel for some time, and the trend will change with its failure .
The price may come down a little, but it is very small compared to the growth it will have in the future .
<<< Good luck >>>
BTC ANALYSIS#BTC UPDATE.
#BTC is has now close above the red box daily resistance area and the red box is currently acting as the strong support.For now it is important for btc to closer above the blue box resistance as well in order to continue upside move ,however,we are still in bear trend as we do not have any reversal signal yet.Trade safe and do not use high leverages.
Bitcoin Cup & HandleBitcoin is forming a cup and handle pattern on the Daily chart, and is currently close to breaking out. Although we can't know for sure if it will break to the upside or downside, Cup & Handle patterns are known to be bullish, therefore, the potential bullish target is available on the chart.
BTC ANALYSIS#BTC UPDATE.
#BTC is still facing the red box area as the huge resistance so there is nothing changed since last day but the Bearish RSI is indicating some bear move ahed until btc closes above the red box area with confirmation.
Why I believe the Crypto & $BTC market bottom is in!Reasons why Bottom is in!
Using our 2day Candle system both Ethereum and Bitcoin passes the buy rules, it has a 75% success rate of correct calls!
Previous cycles have shown bottom was found 17-18 months before Bitcoin halving, December 2022 marked 18 months!
On the weekly the Stoch RSI currently in an uptrend and with a Higher high printing. The MACD Bullish too. Using the weekly candles, the 2017 top to 2018 bottom was 52 Weeks, The 2021 Top to current 2022 bottom is 52 Weeks.
The 12 day candle has the MACD UPtrending for 5 bars. When this happens it usually signals we passed bottomed.
Using the 2 week Gaussian Channel in 2015 the channel turned red, by that time the market had already found the bottom. The only other time it went red is this week, Bottom in?
In January 2019 The Money Flow Indicator (MFI) on the monthly printed oversold while the stochastic RSI HAD 11 months oversold. In January 2023 again MFI oversold and Stochastic RSI has 12 months Oversold.
There is also bullish divergence.
In my mind I rather be in Bitcoin or cryptocurrency as in my opinion the bottom is in unless something left field occurs.
$BTC Follows $ETH Just like that Bitcoin follows Ethereum into what I believe is the beginning of the BullMarket.
Ethereum was 1st to produce all buy rules on the 2day system and 1 candle later (2day) Bitcoin has though be cautious as price just closed above the 20 MA and a close below it is a sell right away.
Passes Stochistic RSI and MACD
SEE ETHEREUM below
Bullish for bitcoin confirmedHello
as we mention in latest bitcoin analyze, bitcoin in going to touch 18000 in short-time. its very good time to open long position .
all you need to know is in chart.
good lock
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BTC BREAKDOWN AFTER FOMC MINUTESGreetings dear traders, today I expect even after yesterday's not entirely bullish FOMC minutes that we will maintain the trend up to about $17100 but my prediction for long is from the price of $16732
If we close below this marked level we will go lower to $16600 to $16520 which I don't believe at all today