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BTC ForecastBTC PA Forecast HISTORIC REFERENCE • 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month. RECENT FIRST TIME EVER EVENTS • 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very remote possibility that this slope will go and stay negative, i.e., down trend. Most likely it will run flat and then get back to uptrend. • Never was previous ATH breached. This time it is. • 200W and 300W EMA slopes are now in down trend – First time ever, a disaster event in the history of BTC. CONCLUSION There is very little possibility this disaster spree will continue and give way to next level disaster that will be when 50W EMA will cross 200W or even further 300W or 400W. FORECAST Therefore, with high probability, and correlation to past behavior, it can be forecasted that 200W, 300W and 400W EMA will now trend parallel. This means, BTC will derive support from 400W EMA and resistance from 200W EMA and price will range up and down the 300W EMA, as it is currently doing. Price will first try to break 200W around the week of 24th October 2022, high probability it will get rejected and will be back down to derive support from 400W EMA and then again try to breach 200W EMA again at around week of 10th April, high probability it will be successful in its second attempt and then finally try to break 100W and 50W confluence. Once that is done, we will be in a clear uptrend. This PA also conforms to Wycoff Accumulation Schematic. The calculations are based on Fib Time, Fib Levels, Exponential Moving Averages and Wycoff’s Schematics. THIS IS NOT A FINANCIAL ADVICE. Just Physics and Mathematics in action!
INDEX:BTCUSDLong
by GreenClairvoyant
1
BTC/USD - Weekly OverviewThe past week had a quick change of sentiments as the world’s largest cryptocurrency is back again above the crucial psychological mark of $20K. The price level did make a weekly low of around $18.5K Currently, the price level is testing both MA-100 and MA-200. However, the alarming aspect is that MA-50 is still showcasing negative nature which might hint that a routine correction might be on the way The RSI also supports a similar sort of hypothesis as the level is near the overbought region and can face quick retracement. MACD level has finally started to formulate green bars and broke above the histogram for the first time this month. Overall, Bitcoin has showcased a positive rally in this month and a profit booking momentum can be expected in the upcoming days. Support levels can be placed at $20K and $18K whereas the resistance levels can be placed at $23K and $25K.
COINBASE:BTCUSDShort
by TradeDog-Research
💡Don't miss the great buy opportunity in BTCUSD @BitcoinMidterm forecast: While the price is above the support 17600.00, beginning of uptrend is expected. We make sure when the resistance at 26700.00 breaks. If the support at 17600.00 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 18510.75 on 09/07/2022, so more gains to resistance(s) 21919.49, 23500.00, 25211.30 and maximum to Major Resistance (26700.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 54. Take Profits: 21919.49 23500.00 25211.30 26700.00 31765.00 37327.72 42500.00 48189.85 55590.00 64755.00 69000.00 75000.00 80000.00 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
Bitcoin (BTC/USDT) Short Position!Hello Cryptonauts, In the BTC/USDT pair we have the formation of a descending triangle (a continuation pattern). Added to that, we have a bearish flag. Using the flagpole size we can target our short position at ~18541. The price failed to breakout the smart money level (dashed line), which corroborates our short position. However, we have support at ~19501 so we can start a trailing take profit from the support level if it doesn't break down. Our stop-loss will be at ~20115 above the pivot level (~20038).
Short
by cryptosrocket
BTC/USD - Weekly OverviewThe month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K. Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that BTC is struggling at the lowest level of Fibnonnaci retracement table. Technical indicators including RSI are also replicating similar sentiment as it had failed to break above 50 since mid of the past month. During the previous week, MA-50 faced a sharp negative breakout against MA-100 which suggests that further correction can occur. Overall, Bitcoin needs to sustain crucial support levels including $19K and $17K. If there’s a quick of sentiment in the market conditions, resistance levels can be placed at $21K and $23K.
COINBASE:BTCUSDShort
by TradeDog-Research