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Bitcoinforecast

Weekly BTC-USD(14th February)After two weeks of the continuous rally, BTC took a nosedive in the latter part of the last week and declined by ~1%. On the weekly TF, BTC formed an Inverse Hammer candlestick pattern, which indicates that the market is again in control of bears. As the overall trend is still bearish, the recent positive rally can be considered as a pullback. At the time of writing, BTC is trading slightly above $42,500. On the Daily TF, BTC has given a breakout from its Descending channel formation and is currently hovering above its major resistance of $40,000 from the last 7-8 days, which mildly depicts that momentum can be shifting towards the bull’s side in the coming days. On the higher side, BTC is facing stiff resistance in the range of $45,000-$45,500 as it tried to breach this range thrice in the last week but was unsuccessful. However, if we get a decisive breakout from this range in the coming days, the next major hurdle is placed at $47,500 followed by $49,500-%50,000. On the downside, BTC is witnessing buying strength in the range of $41,500-$42,000 as none of the last 3 daily candles have not closed below $42,000 which is a positive signal, however, if this support range is broken again, BTC can again take a nosedive to the levels of $40,000 followed by $38,500.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC-USDTBTC after coming to the level of $32.9K gave an impressive bounce-back to the level of $45.8 K. it is currently trading at the level of $42.1K at the time of writing. As shown in the chart, the macroscopic view of its prices provides us with a range of $31K and $64K respectively. BTC gave a Fake Breakout from the range and could not hold the levels. Slowly and steadily, it rolled down to $32.9K. However, it has given a trendline breakout and is currently witnessing a retracement after the breakout. Bulls should come in at the level of $40.5K and offer support while the next level of support is present at $38K. Currently, waiting for the retracement to end and then taking positions could be a good strategy to work upon.
COINBASE:BTCUSD
by TradeDog-Research
BTC/USD NEOWAVE FORECAST| BITCOINCOINBASE:BTCUSD Hi Everyone This is an BTC/usd FORECAST, in our last forecast we predicted a 5th wave and than after that an correction will start. We said that correction will come in form of ABC and we currently in last wave. Let see where it finishes. After it and B wave will come. If you want to play correction i will say play one A,C and E wave for good results Also check out my previous forecast and please share my charts with others, As this will be helpfull for them if they do trading. Thank You. Wave Forecast
COINBASE:BTCUSD
by Neowave-forecast
Lengthening Cycle and Exponentially reducing returns BTCBTCUSD Logarithmic chart on Monthly time frame. Each Bull and Bear cycle denoted by rectangles. From the last 3 complete cycle, trend is identified and plotted to find the length and high of the current bull cycle. Price estimates may vary greatly as price is in Logarithmically denoted. Cycle length might be more accurate. As per this model, current bull cycle may end by August 2022 and the high would be around the current ATH. Next bear cycle would be lengthier and may span around 850+ days, almost similar to the estimated current Bull cycle length.
INDEX:BTCUSD
by MetaverseID256
Weekly BTC-USD(7th February)BTC has been showing positive strength since January 24th, bulls have been trying to push the market up for the last two weeks. The combined crypto Mcap has increased by more than 15% in these last two weeks. BTC formed a strong positive candle on the weekly TF after the last week’s Hammer candlestick pattern, which was depicting that we can expect a short term rebound to the higher side. As per the chart patterns, BTC has given a breakout from its descending channel formation and is sustaining above the trendline resistance which is placed around $41,000, this slightly suggests that markets are now witnessing fresh buying strength and it can sustain in the coming days also. In the last two weeks, more than $400 Mn worth of short positions got liquidated which pushes the market even further higher. Weekly MACD is showing a positive signal as it is close to giving a bullish crossover. Also, on the Monthly TF, BTC has completed the 3 Black Crows formation, which is a bearish pattern consisting of 3 back to back red candles. In most cases, a short term pullback can be expected after the completion of this formation. Key levels to look out for in the coming weeks:- Support 1- $40,500 Support 2- $38,000 Resistance 1- $43,500 Resistance 2- $46,000
COINBASE:BTCUSDLong
by TradeDog-Research
Weekly BTC-USD(31st January)After the continuous declines, crypto markets took a breather last week and closed the week with ~1% gains. BTC also bounced back after making a recent low of $32,933 and closed the week with 4.46% gains. At the time of writing, BTC is trading slightly below $37,000. BTC formed a bullish Hammer candlestick pattern on the weekly TF, which depicts that we can expect a pullback to the higher side in the coming days, this analysis also coincides by the fact that the Bitcoin balance on exchanges has reached 2.55 million, which indicates that the majority of traders on the markets are leaving exchanges and preferring long-term holding in cold or hot wallets. On the smaller TF’s, BTC is trading in a Descending channel formation and is still making lower lows. On the downside, the immediate support is present at $35,500, if bears manages to break this level again, further downswing rally can be expected till the level of $32,800 followed by the next major support at $31,000. On the higher side, BTC is facing stiff resistance from the range of $38,000 to $38,500, if we witness a weekly closing above this level, we can pullback rally to continue till the first level of $40,500 followed by the next level at $43,500. BTC is witnessing a strong buying strength from its 100-WEMA which is placed at $35,625, it has tried to breach this level twice but failed to close below that level. Weekly RSI is making lower lows and there is no divergence with the price at the moment, which suggests that there is no strong buying momentum in the market and therefore we advise traders to avoid taking fresh leverage positions.
COINBASE:BTCUSD
by TradeDog-Research
bitcoin setup both sideAfter crashing almost more than 52% bitcoin can create two scenario either upside or down side if it continues the downside trend line the price can form ABC pattern and get more dip of 30050 if the price breakout from downside trend line the price need to retest and sustain above 40700 for the further upside upto 52450 this analyse is based on daily chart and for positional basis Indicators : TSI = still no sign of strength MFI = looks cold need to wait for accumulations
by Jimmy_Rebello