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Btcforecast

BTC/USD CHART STILL LOOKS HEALTHY TO MEHello fellow traders! This is just a look at what I am seeing. First off, BTC still has its golden cross which is nice. (Daily 50 MA trending above the 200 MA) To note, BTC has continuously made higher highs and lows. Stochastic RSI needs to relax after a hard days work at 100. The one thing I don't like is the pretty large bearish divergence that has taken place. weekly, jan-nov, so that can't be ignored, so have stop losses in place! Now, I Imagine BTC will have another dip down to further confirm resistance as support, (BTC loves to take a big dip before coming back up again) this would also coincide with the RSI possibly touching down to 50 (support) If price action starts trading above 58k again, that would be a good sign for the bulls as the weekly candles have touched this zone 17 times, making it a strong area of resistance. If this support area doesn't hold, BTC will likely see 32k again. As for my opinion, the chart still looks like a healthy market cycle taking its course. Let me know what you guys think! Post some charts? Good luck, and think positive! :)
COINBASE:BTCUSDLong
by KYLEKILLJOY
BITCOIN: A BULLISH RALLY AWAITS!Hello traders, I hope you all are doing great. In this update, I am gonna answer all your doubts related to Bitcoin. Out of all the DMs, I have short-listed three questions, 1) Where BTC is heading next? 2) When are we gonna see a bull run in the market? and 3) What is the support and resistance for BTC? Before we begin, let me clarify that this update is based on my analysis and research. So, do your own research before investing. Alright, BTC has shown some impressive moves last January and it still continues to hold the $23k level. So far, the market has been doing well and we can expect some more positive rallies in the coming days. 1. Where BTC is heading next? Ans: If you check the daily timeframe then you will notice that BTC has broken above the resistance trendline. And in this weekly timeframe, BTC is yet to hit the $25k resistance. So, most probably, BTC should hit the $25k target next. 2. When are we gonna see a bull run in the market? Ans: According to this weekly chat, BTC is already in the uptrend rally and if things go with the bulls then by February to April 2024 we will witness a new all time high on BTC. 3. What is the support and resistance for BTC? Ans: Currently, there are two support ranges for BTC, $18k to $19k, and $16k. Also, we have a resistance of $25k which is crucial for BTC to break above to continue a higher rally. Conclusion: BTC must break out above the $25k resistance in order to continue this uptrend. We might see some corrections in between and I will consider it to accumulate more BTC and other major altcoins. BTC has done it before and BTC will do it again so keep believing and keep improving.
COINBASE:BTCUSDLong
by Dexter_The_Trader
8
Trading is Repeating- Not sure that we already finished Wave 1. - What we know is : " BTC went straight up for 4 weeks ". - the safest way for now if you missed the last bottom is to watch and wait. - At one point TheKing have to retrace, so be patient. - if BTC Retrace now : - Set your Fibo to -61.8% Retracement, around 18,500$ - Charge bag at the good time. - if BTC push more : - Wait for a retrace and recalculate your -61.8%. - Keep it easy and Stay Safe! Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
10
BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary BTC/USDT TREND ANALYSIS We have 1 Downtrend in red color (Short Term). Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:BTCUSD.P
by husseindergham
BTC/USDT 1HOUR UPDATE !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC is moving bullish in a rectangular channel. It attempted to breakout but could not close the candle above it. It now maintains itself above its horizontal support. Further consolidation can be expected inside the rectangular channel. A successful breakout of the rectangular channel will confirm a bullish move in the market, while a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
BITCOIN: GETTING REJECTED.Hello, trades, Dexter here with yet another update on BTC in a daily timeframe. It's the 5th day and BTC just couldn't break the $23k resistance level. If BTC breaks this resistance level then $25k is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction. If BTC ignores the correction and breaks above the $23k resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring. Until then don't get rekt. Thanks for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K. The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market. In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BITCOIN WEEKLY UPDATE !!Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength. The current short-term resistance is near the $23,500 level. A retest above the descending trendline or making a higher low could also be a possible scenario. A solid breakout above $23,500 or a successful retest of the descending trendline will confirm the continuation of the market's bullish momentum. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high. Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today. Today’s rally saw bitcoin jump to its highest level since August 24, when the price at the time was trading at a top of $23,600. As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back toward a ceiling of 90.00. Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits. As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN/USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses. The rally comes despite the news that crypto lender Genesis has filed for bankruptcy, following the likes of FTX. BTC/USD rose to an intraday high of $21,175.24 earlier in today’s session, which comes from a low of $20,689.88 on Thursday. Looking at the chart, today’s rebound in price came as the 14-day relative strength index (RSI) moved back above the 80.00 mark. As of writing, the index is at the 80.40 level, with the next visible resistance level at the 88.00 zone. Many expect that BTC could make another attempt to break out of a key resistance point at $21,400. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Bitcoin Could Get A Hard Time Going Up From HereWe've been bullish since 16k. Now that we're up 4 thousand dollars, which is 30% higher, its time to look at some points of ressistance. At this moment, Bitcoin is already at the top of a resistance zone. I think the market is waiting for tomorrow, since the SPX is also looking at a breakout/resistance. If the SPX can break its resistance, Bitcoin will follow. If it does not, Bitcoin has probably reached its temporary top. In the bullish scenario, the next stops are 22750, and 25500 usd.
COINBASE:BTCUSD
by FetchTeam
3
BITCOIN: IN NEED OF CORRECTION. BTC update: BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at $21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon. Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to $18k and then a strong rally breaking the $21.5k resistance. Thank you for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
Everything new is well forgotten oldTheory serves only to explain the phenomena we observe. A good theory explains a large number of phenomena and even predicts phenomena that are not yet known, but it is meaningless to say whether this or that theory coincides with reality, since it is not always known which reality it describes. This quote could not be supplemented in the context of the current cryptographic phenomenon, from which a constant result follows for any value of the time fractal. Against the background of unlimited replication of financial resources, there are no obstacles to the exponential growth of the price of scarcity, especially the intellectual hard-to-reach, namely, in this case, the organic emission of the core of the crypto-industry. However, don't worry about it. Truth can take care of itself. There is no need to approach the truth with lowered eyes and respectfully look at it with your hat off and on your knees, so we approach nonsense. But the truth is so powerful that you can kick tires, overhaul an engine, check an odometer and no one will be offended. Truth is real, it is not afraid of trials.
BITSTAMP:BTCUSDLong
by tradephenomena
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC attempted to break the horizontal red resistance and was able to trade above it. Now it is trading above it again. Here we need a successful retest above the horizontal red resistance to confirm another bullish move. If it continues to decline from here, it will do some correction towards the horizontal support from where we can expect a bounce back. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
2