$BTC Daily UpdateCRYPTOCAP:BTC #BTC HKEX:28 ,298 resisting, on HKEX:27 ,994 support. Daily closed following up to bearish engulfing from Wednesday, Must regain HKEX:29 ,199 as support to resume previous climb.
Btcanalysis
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- was once again in the red on Thursday, as traders continued to secure gains from last week’s bull run.
BTC/USD fell to an intraday low of 28,596.91 earlier in today’s session, which comes a day after hitting a high of 29,509.35.
This is the lowest point that Bitcoin has hit since April 10, when the price traded at a bottom of around 28,100.
Looking at the chart, Thursday’s move saw BTC fall under a recent floor at \28,600, with the relative strength index (RSI) also dropping toward a floor of its own.
At the time of writing, the index is now tracking at 51.47, which is marginally above the aforementioned support at 50.00.
BTC has already moved away from earlier lows and is currently trading at 28,837.95, as of writing.
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TheKing Ways Up- Some Traders are still waiting for lower prices.
- But to go lower BTC must first go higher.
- TheKing is in transition phase : " Bearish to Bullish ".
- Some retracements have to happen on the way up.
- Some Fuds have to happen on the way up to create those retracements.
- Today CPI results could impact a bit the trend ( Stocks + Cryptos ).
- Notice on the Graph MA50/MA20 (4D) will cross up soon
- Those MAs will create some new support zones.
- This Graph is just based on comparison between 2018-2020 // 2020-2022 and an eventual " Story Repeat ".
- Covid19 Black Swan included.
- Just follow the Circles and keep it simple.
Happy Tr4Ding !
Bitcoin Bearish Signs are starting to play out!Bitcoin in a BIG rising broadening wedge which the starting point of the pattern is 15K
We havent seen a new low over a month,the more it holds the more violent the downside will be
with the dump that happend yesterday we retraced it back but could not regain the bullish structure thus more RED to come today
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC Regained from HKEX:29 ,199 support helping most alts to gain key support. Current 4H struggling to follow thru bullish engulfing from last 4H close, 1D closed good with bullish engulfing, time to see if it will follow up. HKEX:30 ,623 resistance holding.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rebounded from a one-week low on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China.
BTC/USD dropped to a low of 29,154.85 earlier in today’s session, before climbing to a peak of 29,944.78 as the day matured.
The low sent Bitcoin to its lowest point since April 10, which is when the price was last below 29,000.
Looking at the chart, the rebound has come as the 14-day relative strength index (RSI) bounced from a floor of 59.00.
Currently, price strength is tracking at the 61.91 mark, with the next visible ceiling at the 65.00 level.
BTC will likely be trading above 30.235 should the RSI reach this upcoming destination.
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Retest to 28800 levelBTC will retest 28800 Ascending Triangle Breakout level and then it will pump again to 32k. Below the Red trend line is risk.
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC Last daily closed bearish, current 4H looking very good with bullish pin bar has 5 mins to close. HKEX:29 ,199 support in effect as of now, HKEX:29 ,483 initial resistance, HKEX:29 ,742 support needed to reattempt at HKEX:31 ,010.
CountOnCrypto - Bitcoin Swing Trade - 17/04/2023Swing Failure Pattern of the market structure high. I would still consider the market structure bullish on the MTF-HTF as we've found support at the old market structure high which was flipped from resistance to support then had an SFP with a lot of shorts opening between here and when we lost the 30k psychological support.
Target is based off the liquidity at 30.8k. Stoploss below the low as that's a clear invalidation on the basis of the SFP and market structure! Lovely swing trade setup for me.
Bitcoin is in a dangerous placeHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
Bitcoin is really in a dangerous place, but don't forget that some altcoins are bullish!
I have defined two ranges for Bitcoin, from one of these two ranges we will move down
Comment if you have any questions
Thank You
ADA/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high.
ADA/USD raced to an intraday peak of 0.4441 earlier in today’s session, after trading at a low of 0.4115 on Thursday.
Friday’s surge in price saw Cardano climb to its strongest point since September 27, when prices hit a high of 0.4631.
Looking at the chart, today’s jump came following a breakout of a key resistance level of 0.4230.
the relative strength index (RSI) also moved beyond its own ceiling at 65.00 and is currently tracking at 71.06.
An upcoming ceiling at 72.00 now awaits ADA bulls, and should they fail to move past this point, earlier gains may fade.
This is not a piece of financial advice.
Thank you
BTC Consolidation into 2024 HalvingPosting this up for reference into 2024 halving.
expecting range bound action, would not be surprised if there are price movements in any direction (up, down, sideways) from this point.
expecting 30-37k to be the average price of the next year.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-It continued to trade above 30,000 on Thursday as crypto markets remained buoyed by the latest US inflation report, which fell to 5%.
After hitting a low of 29,725.57 on Wednesday, BTC/USD rose to a one-day high of 30,462.48.
The move kept Bitcoin close to its ten-month high of 30,584 during Tuesday's trading session.
I have tried to bring the best possible outcome to this chart.
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Bitcoin Pattern At The Start Of A Catastraphic Down Move!*Disclaimer: Not Financial Advice*
IMPORTANT: By Now We have quadruple bearish RSI divergence and double bearish divergence on Stoch RSI
BTC all time high pattern is repeating right now (purple rectangle) I've talked about it in video - EVEN the divergence are the same.
DXY Broke the descending wedge and is consolidating , with todays news it could surge up which will follow in BTC,SPX,NQ1 sell off
*Strongly Encourage to watch this until the end*
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Incoming Drop Off on $BTCContinuing to test previous levels without getting a new high, as well as seeing several altcoins topping off & failing to pass resistance. Looking for correction & more collection of the moving averages under the price before continuing higher. Possibly consolidating within the lower portion of this channel and moving up, as marked. Also possible is just an all out flip to the downside of the channel, with it extending further out.
The second BTC scenario (1D)As you know, most altcoins have formed bullish patterns and their target is really high.
I don't think this scenario is unlikely for BTC. If the red range is validly broken, we will have this scenario.
Potential Price analysis on BTCbtc is going to 29k... if BTC.D take out the range high then we might go to 32k soon.. if another sfp happens btc to 27k or below
BTC Weekly Update | Will we wait for a good climb ? (LONG)After many struggles, BINANCE:BTCUSDT (Bitcoin) was able to start a green jump with very good candles.
Goals ahead :
** First - 25,000 is a strong resistance.
** Second - If 25,000 is broken and stabilized, it will have the ability to reach 30,000 .
Simple is better than complicated
Maybe This Way ...
BTC IS BULLISHFirst, let's move up the time frame, it can give a retracement of the announcement area and catch the next wave. This scenario is one of the valid scenarios.
Note that the market is bullish, down the market, crypto makers will hardly allow entry, if we experience this correction, it will only be an opportunity to enter.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report.
BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a high of $28,714.22.
The move came as bitcoin bulls were unable to sustain a breakout of a key resistance level of $28,500.
Looking at the chart, this latest drop in price came as the 14-day relative strength index (RSI) dropped below a floor of 58.00.
As of writing this, the index is now tracking at 57.80, with the 10-day (red) moving average nearing a downward cross with its 25-day (blue) counterpart.
Should sentiment remain bearish, there is a strong possibility that BTC will fall to a floor at $27,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
In Short Term BTC is BullishIn our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now . Next week, we'll update this chart again.
BTC Long 1Hr Analysis The price will likely go around 28620 to test the nearest resistance because of the following reasons:
RSI
Currently, the price is at 37 on RSI so will definitely go to 70 and above thus the price will go upside.
Parallel Ascending Channel
Price is moving in a channel and currently at the support of this channel. we can see a bounce back from this level to the next resistance which is around 28620.
Price at support
Price is on a major support level between 2800 and 27860 and respecting this resistance.
Bullish Engulfing Candle
A bullish engulfing candle is a good sign for the entry near the support so all these indicators and signs are showing a good entry and the exit price is around 28620 which gives the 800 points in BTC.
