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Bitcoin (Cryptocurrency)

BTC/USD - Weekly OverviewThe past week commenced on a significantly positive note as the world's largest cryptocurrency broke above the price level of $22K for the very first time this month. However, due to the prevailing sentiments, the price level was not sustained for a longer duration. This certainly indicates that the ever-lasting felt-like bear market has forced investors to sell at whatsoever higher price available. Considering the Fibonacci retracement level, the price level is facing strong resistance above the 0.786 FIB level. Additionally, it has been observed that lots of Doji candles have been formulated in the chart from the past week. This suggests that there’s a sort of indecisiveness present and sideways momentum can last longer. Looking at the current trend, the RSI level is showcasing positive momentum with a breakout above 50. The same applies to DMI in which +DI is looking to have a potential positive crossover against -DI. Overall, BTC can face resistance at $20K and $22K. Whereas if things go south, support levels can be placed at $19K and $18K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC INTRADAY SETUP - 08 OCT, 2022#BTC INTRADAY UPDATE VOLATILITY EXPECTED: Medium EXPECTED SCENARIO: $BTC is again bearish on Intraday. Expecting it to consolidate today. BULL CASE: In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested. BEAR CASE: In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today. NOTE: On higher Timeframe, BTC is failing to even go to 21500$ zone. Let's see if 19000$ holds. On downside, 18K support should not break else a dump to 14K$ may happen..
by CryptopreneurSK
#BTC MACRO UPDATE ON WEEKLY CHART, MAJOR BREAKDOWN MAY COME In this Chart, I have compared 2018 & 2022 Bear market There is a lot similarities in these two fractal I have compared it in Weekly Chart 1)In 2018 BTC formed Double Bottom after approx 71% decline from TOP & In 2022 $BTC formed double bottom after approx 74% decline from TOP 2) In 2018 it took approx 329 days from TOP to complete double Bottom and in 2022 also it took 329 days to complete double bottom 3) in 2018 After 329 days BTC plunged down approx 53% in next 28 days and if this fractal turned out to be true then bottom would be some where around 7 Nov & 53% down from here would be 9559$ THANKS
Short
by adityaiert2009
Bitcoin and elliott waves QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it So, we drew waves after the breakout of head and shoulder as per textbook ratios the price tend to form accordingly now price has reached it 3 impulse wave, we will wait for the pullback, which will be approximately 20100 level and the 4th wave that will be our buying zone TRADING SETUP buy around 20,000 around figure or at 20100 according to fib and wave lengths stop loss should be around 19900 Target 1 = 20400 & Target 2 = 20700
Long
by Jimmy_Rebello