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Bitcoinforecast

Bitcoin Go Long Above 21530 and Go short below 21053 and 20386This is a short term analysis for 15 mins time frame for bitcoin Execute Long position only above 21530 with 5 mins candle confirmation breakout for targets of 21645/21768/21919/22089/22193 ( Stop Loss will be strictly 21289) Execute Short position only below 21053 with 5 mins candle confirmation breakdown for initial targets of 20908/20763/20667/20572 ( Stop loss will be strictly 21190) For further breakdown wait for 20386 level to break and enter new short position with 5 mins candle confirmation for targets of 20155/19785/19410/19173 ( Stop Loss will be strictly 20572)
BITSTAMP:BTCUSD
by Ski5iS
BTC: 20K Support Zone is Keeping The Price Very StrongBTC: 20K Support Zone is Keeping The Price Very Strong After the price reached 21K we can see that it was broken a major resistance zone. This is obvious because since the previous week the price correct lower than 20K and we can say that the buyers are well-positioned in that zone now. All the focus is on FOMC Press Conference that will be tomorrow. I am expecting BTC to rise more considering that the accumulated volume was very high. Targets: 🎯 21718.61 🎯 22576.93 Thank you and Good Luck!
Long
by KlejdiCuni
35
Bitcoin Bitcoin MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support Bitcoin resistance - $21,550 and $22,000 strong resistance ——————————————————————— Analysis - As we have already stated, closing over the daily timeframe support level of 20,800 dollars will boost the chances of an upward move for bitcoin, Positively, Bitcoin closed above the 100 EMA on the daily chart. As a result, it went higher and attempted to test the 21,500-dollar level of resistance but was rejected. The price of bitcoin, meanwhile, is still above $21,000. If bitcoin maintains its stability and closes its weekly candle above 21,000 dollars, the market may see another upward rise. Currently bitcoin dominance is testing it's previous support which is now resistance (40.42%) If bitcoin dominance gets rejection we might see another good move in altcoins if bitcoin stays stable on the other hand, Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels.
Long
by Waqar212
Bitcoin – big danger is incoming!Hello, everyone! This pump on Bitcoin price was predictable. I told you that the wave 5 is incoming, which has two targets – $21500 and $22000. Today I can say that the pump can be already ended. Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. Here we can see the the price have formed the wave 4 as the flat correction. Wave 4-b could be interpret as the wave 5 by mistake, but the Awesome Oscillator helps us to identify it. Wave 4 can be ended (in most of cases) if the AO crossed the zero line. We saw it only when the 4-c wave have been formed. Wave 5 has the minimum target at 0.61 Fibonacci extension, approximately $21500. The maximum target is the $22000 – 1 Fibonacci level. The minimal target have been already reached. Thus we can see the reversal from the current prices. Moreover the divergence is forming on the Awesome Oscillator, whci is another one confirmation. I am waiting for the last sell-off, but have 23% of deposit in crypto in case I am wrong. Market did not give me the nice entry point in long trades with the full deposit, hence I am patiently waiting for the bottom. Best regards, Ivan
by Skyrexio
18
BTC Bitcoin Trading Setup Bitcoin, BTC MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support (buyers available at this position ) Bitcoin resistance - $21,600$ and $22,000 strong resistance (sellers available at this position) You need to trade according to bitcoin update because market depends upon Bitcoin movement so trade with risk management. ——————————————————————— Analysis - BTC closed its daily candle green at $21,148. Bitcoin Follows a double-bottom pattern and showed a positive movement. Also, break the resistance level of $21k and the Price is now Holding above 21,000$ Next Major resistance is near $21,900. RSI is also in the overbought area so we may see some retest in Bitcoin price. According to CryptoCompare’s 2022 Outlook Report, Bitcoin users with over 10,000 BTC in their wallets have also seen an increase, which is likely a result of growing institutional adoption Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels.
Long
by Waqar212
Bitcoin Bitcoin, Btcusdt MARKET UPDATE Bitcoin support levels - $21,000 and $20,800 strong Support (it means buyers available at this position ) Bitcoin resistance - $21,600$ and $22,000 strong resistance (it means sellers available at this position you can sell from here) Market depends upon Bitcoin & we updated you about Bitcoin. Trade with risk management accordingly to this plan. ——————————————————————— Analysis - BTC closed its daily candle green at $21,148. BTC Support is at $21,000 with the next support at $20,850. Resistance is at $21,600 and $22,000. BTC was able to break out $20,800 resistance with high buying volume. Looking at 4-hour timeframe, Recent two volume bar indicates decreasing volume. Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC dominance is at 38.5% and total crypto marketcap is at $1.06 trillion.
Long
by Waqar212