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Bitcoinforecast

Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the crypto markets follow the similar trajectory of the US market. Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA. It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels. On the hourly time frame, it is trading between 20 and 200 ema. Support :- 19290, 18870, 18600 Resistance :- 19630, 20000, 20330. The price range from 19290 to 19630 is a no trading zone. A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart. Wait for the price action near the price levels before entering the markets.
BITSTAMP:BTCUSD
by TheMamboMomentum
BTC bounces from 18k for the 5th timeBTC has bounced from 18k for the 5th time. This to me seems is a very positive sign, considering it has bear the brunt of all the bearish factors we've been having lately. With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now. I'm slightly bullish, at least in the short term as long as BTC holds 18k. If it breaks 18k successfully, we can easily see a drop to 14-15k level, so tight stop loss on all your trades are a must. IF it holds this level, I feel this might be the bottom and might start a massive bull run soon, especially post December.
Long
by ash161994
btc the daily horrible analysis lower prices look very real hi guys just a quick overlook on the daily btc chart from ath horrible sight to see three bear flags one after the other inside of a falling wedge since atheach time we broke previous flags we had near enough the same drop of around 45% we have broke out of our latest flag are we going to see another 45% drop in price to the 14k mark its possible given the conditions we are in or even are we going to see a double bottom form at 17k then bounce do i think the bottom is in i dunno it looks unlikley whilst weve been in our recent bear flag we have had a msb creating an order block just below bear flag we are in that ob now and testing the .38 trend fib from recent drop from previous flag 19k is critical for us i think over the next week im hoping we can bounce if we do bounce id think we will make are way back to the top resistance level of bear flag not all at once also an inverse elliot wave predicts this move too hopefully bulls come back and sort the job out or are we just clutching at straws thanks guys scopes
by scoperfi
Bullish for one month from this weekend - 19100 to three greensThe lower C positioning and a small bottom peak formation will be seen soon and gets bullish. Looking forward with the 1 to 2 month upside waves with three green lines on possible target. If Bitcoin is going on bottom to 4 digit then its gonna check the nearby resistance that will be last time decline spots by 34000 - where it brings the upside refreshment for traders and go down to 4 digit value. Sell later at the resistance, not now.
BITSTAMP:BTCUSDLong
by ImPraveen22
Ethereum forming Head & shoulder pattern.Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA. The coin has given a nice movement and is retracing before another up move. The coin is trading below the moving averages. Two confirmation patterns are being formed in the coin on the daily time frame 1. Head and shoulder pattern 2. Bearish III continous pattern A down side moment can give nice targets as there a 3 confirmation. 1. Trading below 20 ema(daily time frame). 2. Break of Head and shoulder neck line. 3. Volumes are high. Support :- 1390, 1245. Resistance :- 1715, 2000 US markets fell about 1000 points (3%). The crypto markets can also fell the pain. Wait for the coin to break the support and form some price action near it.
FOREXCOM:ETHUSD
by TheMamboMomentum
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA. On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema. The coin price is around its hourly 20 ema and its taking a support from it. The coin is forming a rising wedge pattern on daily time frame. Once the pattern gives a break out, bitcoin can give nice targets on both side. Watch for the price action before trading the setup. Support and resistance levels are mentioned in the chart itself.
BITSTAMP:BTCUSD
by TheMamboMomentum