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Bitcoinforecast

Weekly BTC-USD(24th January)Crypto markets continue to bleed as the total crypto Mcap plummeted by more than ~20% in the last week alone. Uncertainty in Russia and Ukraine also adding more fuel to this fire. Overall, the global markets are also trading in red from the start of this year and due to high correlation between both the markets, crypto markets plunged more than the Equity markets. On the Weekly TF, BTC formed a big bearish candle and closed the week with more than ~16% declines but managed to close slightly above its 100-WEMA. At the time of writing, BTC made a new low for 2022 and is trading just above $33,500. As per the current market scenario, bears are in full strength and every move by Bulls is being pushed back to lower levels, lack of bullish strength is mainly due to the continuous liquidations bulls have to face from the last 1-2 months. BTC is already trading below its crucial psychological levels of $40K, however, the immediate support is present at $32K followed by $30K, but if BTC bears also managed to crash below $30K, then this will result in breakdown of the Double Top neckline structure, this can result in further downswing to continue for more 15% to 20%. If the bearish trend continues, there will be minor pullbacks to the higher side which can be used to close your Long positions or enter into a new short trade. However, we can expect fresh buying in the range of $29.5K to $30.5K and hence a trend reversal or sideways trend can be expected before we break below the $30K level. The nearest hurdle is placed at $36,000 followed by $38K and then the major resistance at $40K. Weekly RSI is trading at its lowest level since 2021 and Daily RSI is already in the Oversold zone which depicts that short term pullbacks can be expected in the near term.
COINBASE:BTCUSDShort
by TradeDog-Research
BITCOIN BULL RALLY START FROM 16TH FEB 2022 ?Observed interesting pattern from last bull rally of BitCoin. Analysis of post Death Cross activity before the previous bull run and predicted the same for the next bull run. As per the Price downfall, BTC already covered the expected downfall of 9108 $. Presently expecting sideways movement before bull run. As per Date Measurement, 16th Feb 2022 is the estimated date of the next bull run. Are you ready for the next bull run? Start accumulating good crypto coins at the lower level.
Long
by anketghosh
Bitcoin Positional Long LevelsBITSTAMP:BTCUSD 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on weekly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 35736.45 PRZ 2 :- 33812.28 SL :- 28600 (Closing Basis) Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BITSTAMP:BTCUSDLong
by linesandlevels
Bitcoin view..Bitcoin is the main pillar for all cryptos, it has made downfall almost 50% from past 2 months (from Nov) onwards, there is a major support zone around $,27000 to $,31000, since it has fallen 50%downside from an all-time high, we can expect 27000 to 31000 this zone can act as a support, this is the right time to invest in bitcoin but will wait for the market structure, let decide to market how it will react when it test the major support zone, my view is I will wait for the main support zone, it may consolidate at this zone then the clear trend we can expect based on the price behavior.
by sharathsc160
BITCOINAfter completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC. When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are in wave C of ABC, The parallel channel around the entire structure gives us the downside level of 30800 for wave C to complete. Overall wave structure could be like this macd in weekly macd in daily rsi in daily Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
BITSTAMP:BTCUSDShort
by RK_Chaarts
BITCOIN BELOW $ 45000 ! WHAT NEXT?BITCOINS JOURNEY SINCE DEC 2020 TO JAN 2021 The major cryptocurrency Bitcoin prices has recently slashed from $69,000 to $40,000 in about less then 2 months. Bitcoin was on its peak at $69,000 on November 10th, 2021 and it made a recent low of $ 39558 on Jan 10th 2022, a decline of 42%. However, in last few days it gave a sharp upside movement towards $45,000 from $ 39558 and trading between $42,000 to $43,000, but the question is that will this short rally will continue or Bitcoin has ended its rewarding era? TECHNICAL ANALYSIS LAST ONE YEAR HISTORY Over the last year, since 20th Dec 2020 Bitcoin started its upward rally and climbed to almost $ 65,000 in very short span of time and made its a fresh lifetime high of $ 64,895 on 14th April 2021. Investors who rode this rollercoster that started from $24,000 on 20th Dec, cherished the rally and a earned whooping return of almost 170% and that too only in 4 months (512% p.a). BUT, this rally didn't sustain and Bitcoin prices slashed to $28,600 on 22nd June 2021, which means it lost all the return it gave in less then half of the time that it gained in last four months. Though, Bitcoin never disappoints its investors, it started a fresh start from the mid of 2021. A fresh sharp rally was seen in Bitcoin, when the prices shot up to $69,000 on 10th Nov 2021 from just $29,000 on 20th July 2021, means it rewarded its investors once again with a three digit return. But, soon after making a fresh life time high of $ 69,000 on 10th Nov 2021, it once again moved downward and slashed to a low of $40,000 on 10th Jan 2022. CURRENT SCENERIIO Over the last year (as explained above) it has created a "M" shape return to the investors, which in technical langauage is called "A Double Top" pattern which is yet to be confirmed. According to this pattern if any script falls below the neckline (marked red in image) then prices may fall equivalent to the height of this pattern which is aproximately around $ 35,000. CONCLUSION If the price of Bitcoin falls below its recent low of $ 39,558 which it made on 10th Jan 2022, then we expect a further downtrend in bitcoin in 2022 uptill the mark of $25,000. So if you are a swing trader, you can make position with a stop loss of $ 39,500 (Marked Yellow in the image) for target of $ 45,000 to $50,000, But if you are a Value Investor, then you should only invest 30% of your total amount at current levels around $42000-$43000. Rest of the amount should be kept either for the further corrections or till the upward movment is confirmed by the upcoming trends.
BITSTAMP:BTCUSDLong
by moneymarine
Weekly BTCUSD(11th January)After 4 weeks of continuous sideways trend, BTC plummeted by ~11.50% in the last 7 days alone, thus the largest weekly decline of 2022. It formed a big bearish candle on the Weekly TF and closed below its 50-WEMA, this depicts a decisive breakdown below major support. At the time of writing, BTC is trading slightly above $41,500. On the Daily TF, BTC is on the verge of giving a Death Cross as its 50-DEMA is crossing below its 200-DEMA which suggests that further downside rally can continue in the coming weeks with minor pullbacks. On the downside, the nearest support is presented by its 0.786 Fibonacci Retracement level which is placed at $38,500, if this level is broken decisively, the next support is present at $36,000. On the higher side, the immediate resistance is present at $42,800, once BTC closes above this level on the daily basis, the next resistance is present at $44,750 followed by $47,000.
COINBASE:BTCUSD
by TradeDog-Research