{"id":506905,"date":"2022-10-18T21:30:36","date_gmt":"2022-10-18T21:30:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=506905"},"modified":"2024-06-11T14:27:43","modified_gmt":"2024-06-11T14:27:43","slug":"bitcoin-price-action-falls-flat-btcusd","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/","title":{"rendered":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022"},"content":{"rendered":"

In this episode of NewsBTC’s daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin<\/a>. Once the correction has completed, the bull market could resume.<\/p>\n

Take a look at the video below:<\/p>\n

VIDEO: Bitcoin Price Analysis (BTCUSD): October 18, 2022<\/h2>\n

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.<\/p>\n

<\/iframe><\/div>\n
\n
\n
\n
Related Reading: A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n

Three Strikes: BTCUSD Rejected From 50-Day Moving Average<\/h3>\n

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

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.\u00a0<\/span>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.<\/span><\/p>\n

\"BTCUSD_2022-10-18_17-17-55\"<\/p>\n

If Bitcoin can break the 50-MA and 100-MA, $26K is next | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Bitcoin CME Futures Paints Near-Perfect Expanded Flat Pattern<\/h3>\n
The BTC CME Futures<\/a> line chart causes the price action over the last 18 months to nearly perfectly fill out an expanded flat pattern.\u00a0<\/span>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.<\/span><\/p>\n
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.\u00a0<\/span>In Elliott Wave Theory<\/a>, one way to possibly project the peak of where wave 5 will terminate, is to find the inverse Fibonacci extension of wave C.\u00a0<\/span><\/p>\n
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.<\/span><\/p>\n
\"BTC1!_2022-10-18_17-16-40\"<\/p>\n
\n
Could this be the correction that has cut down crypto prices? | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Related Reading: Bitcoin Price Bounces After CPI Dump | BTCUSD Analysis October 13, 2022<\/a><\/p>\n<\/div>\n
Will The Crypto Winter Conclude With A Touch Of The Log Growth Curve?<\/h3>\n
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.<\/span><\/p>\n
Bitcoin price continues to grind along the logarithmic growth curve<\/a>. All price action throughout the entire history of cryptocurrencies has been contained within this narrowing curvature. Why would it suddenly stop now?<\/span><\/p>\n
\"BTCUSD_2022-10-18_17-17-14\"<\/p>\n
\n
BTC is brushing against the bottom of the log curve | Source: BTCUSD on TradingView.com<\/a><\/pre>\n<\/div>\n
\n
Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here<\/a> to access the free educational program.<\/p>\n
Follow <\/i><\/b>@TonySpilotroBTC on Twitter<\/i><\/b><\/a> or join\u00a0<\/i><\/b>the TonyTradesBTC Telegram<\/i><\/b><\/a> for exclusive daily market insights and technical analysis education<\/i><\/b>. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice.<\/i><\/b><\/p>\n
Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
In this episode of NewsBTC’s daily technical analysis videos,\u00a0we 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: A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022 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.\u00a0Given 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. 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.\u00a0An 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.\u00a0In 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.\u00a0 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. 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? 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\u00a0the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":506906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,4524],"class_list":["post-506905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-xbt"],"acf":[],"yoast_head":"\nBitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022<\/title>\n<meta name=\"description\" content=\"In this episode of NewsBTC's daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin. Once the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022\" \/>\n<meta property=\"og:description\" content=\"In this episode of NewsBTC's daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin. Once the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-18T21:30:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:27:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022\",\"datePublished\":\"2022-10-18T21:30:36+00:00\",\"dateModified\":\"2024-06-11T14:27:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\"},\"wordCount\":481,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"xbt\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\",\"name\":\"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836\",\"datePublished\":\"2022-10-18T21:30:36+00:00\",\"dateModified\":\"2024-06-11T14:27:43+00:00\",\"description\":\"In this episode of NewsBTC's daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin. Once the\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836\",\"width\":1254,\"height\":836,\"caption\":\"bitcoin flat\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"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\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. 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\u2019s 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\u2019s 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.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022","description":"In this episode of NewsBTC's daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin. Once the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022","og_description":"In this episode of NewsBTC's daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin. Once the","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-10-18T21:30:36+00:00","article_modified_time":"2024-06-11T14:27:43+00:00","og_image":[{"width":1254,"height":836,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022","datePublished":"2022-10-18T21:30:36+00:00","dateModified":"2024-06-11T14:27:43+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/"},"wordCount":481,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836","keywords":["bitcoin","btc","btcusd","BTCUSDT","xbt"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/","name":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836","datePublished":"2022-10-18T21:30:36+00:00","dateModified":"2024-06-11T14:27:43+00:00","description":"In this episode of NewsBTC's daily technical analysis videos,\u00a0we are once again examining a possible expanded flat correction in Bitcoin. Once the","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836","width":1254,"height":836,"caption":"bitcoin flat"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"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\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. 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\u2019s 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\u2019s 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.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-action-falls-flat-btcusd\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","xbt"],"dateCreated":"2022-10-18T21:30:36Z","datePublished":"2022-10-18T21:30:36Z","dateModified":"2024-06-11T14:27:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-action-falls-flat-btcusd\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-action-falls-flat-btcusd\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/iStock-1189508319.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/iStock-1189508319.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"xbt\"],\"dateCreated\":\"2022-10-18T21:30:36Z\",\"datePublished\":\"2022-10-18T21:30:36Z\",\"dateModified\":\"2024-06-11T14:27:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/iStock-1189508319.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/506905"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=506905"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/506905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/506906"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=506905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=506905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=506905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}