NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin flat

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In this episode of NewsBTC’s daily technical analysis videos, we are once again examining a possible expanded flat correction in Bitcoin. Once the correction has completed, the bull market could resume.

Take a look at the video below:

VIDEO: Bitcoin Price Analysis (BTCUSD): October 18, 2022

In addition to the video highlights listed below the video, we also analyze BTCUSD using the Ichimoku, Bollinger Bands, SuperTrend, TD Sequential, and other technical tools.

Related Reading

bitcoin bullish week

A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022

1 year ago

Three Strikes: BTCUSD Rejected From 50-Day Moving Average

BTCUSD daily price action was once again rejected from the 50-day moving average. This is the third rejection since September, making the 50MA a critical line in the sand to pass before any chance of further upside.

Zooming out and comparing the 50MA and its behavior around the 2018 bear market bottom, we can see that breaking through it is the key to bulls regaining control on daily timeframes. Given the close proximity of the 100-day moving average in yellow, the next target would be the red, 200-day moving average located at around $26K.

BTCUSD_2022-10-18_17-17-55

If Bitcoin can break the 50-MA and 100-MA, $26K is next | Source: BTCUSD on TradingView.com

Bitcoin CME Futures Paints Near-Perfect Expanded Flat Pattern

The BTC CME Futures line chart causes the price action over the last 18 months to nearly perfectly fill out an expanded flat pattern. An expanded flat features a higher high at the top of the B wave, followed by a lower low as the C wave terminates. The C wave is an impulse wave down made up of 5 total sub-waves.

The BTC CME chart begins with a bear market. The primary count would suggest the expanded flat correction formed in wave 4 and there is still a wave 5 ahead. In Elliott Wave Theory, one way to possibly project the peak of where wave 5 will terminate, is to find the inverse Fibonacci extension of wave C. 

At the 1.272 extension, Bitcoin would reach $90,000, while if the 1.618 golden ratio extension is tapped, the top would be over $137,000 per BTC.

BTC1!_2022-10-18_17-16-40

Could this be the correction that has cut down crypto prices? | Source: BTCUSD on TradingView.com

Related Reading: Bitcoin Price Bounces After CPI Dump | BTCUSD Analysis October 13, 2022

Will The Crypto Winter Conclude With A Touch Of The Log Growth Curve?

Although given the macro sentiment, the risk of recession, and the fact each floor in crypto has fallen out again and again, this is not an unusual place for Bitcoin to bottom out.

Bitcoin price continues to grind along the logarithmic growth curve. All price action throughout the entire history of cryptocurrencies has been contained within this narrowing curvature. Why would it suddenly stop now?

BTCUSD_2022-10-18_17-17-14

BTC is brushing against the bottom of the log curve | Source: BTCUSD on TradingView.com

Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program.

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com
Tweet123Share196ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move

Bitcoin has set a new all-time high (ATH) above $112,000, and if on-chain data is to go by, there is...

Keshav Verma 3 hours ago
Bitcoin

The Hidden Clue In Bitcoin Hourly Close: A Breakout Brewing?

Bitcoin’s latest hourly close may be offering more than meets the eye. With the 25- and 50-hour SMAs holding firm...

Godspower Owie 6 hours ago
Solana

Is Solana About To Break Out? Key Levels And Indicators Say Watch Closely

Solana is exhibiting strong bullish signs supported by moving averages, volume, and momentum indicators, which hint at a short-term pause...

Sandra White 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Elon Musk引發PNUT在24小時價量俱升 7月不要錯過另一個暴增1000倍新幣ICO

Kelvin Lee 12 minutes ago
bitcoin

Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback

Ash Tiwari 42 minutes ago
Bitcoin

Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Cicada Finance Kicks Off TGE, Unleashing Real Yield Assets...

    8 hours ago
  • BTCminer cloud mining

    The global economy is in a downturn, and BTCminer cloud...

    9 hours ago
  • ビットコインが過去最高の11万2,000ドル達成──15万ドル予測も浮上、今注目の仮想通貨プレセールとは?

    ...

    9 hours ago
  • ビットコインが過去最高値を更新──新興L2プロジェクトが200万ドル調達、今注目の仮想通貨おすすめは?

    ...

    9 hours ago
  • 新しい仮想通貨が220万ドル超を調達──カルダノは手数料無料機能を正式導入

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.