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Btcanalysis

BITCOIN: REJECTION FROM THE RESISTANCE.Hello folks, things went crazy with BTC and other altcoins recently. Here's a quick analysis of BTC in a daily timeframe. The yellow-dotted resistance was spot on and we saw how clearly the price got rejected from the resistance level. BTC is currently trying to hold $16.7k where we may have a little support. This may turn out to be a strong one but doubtful. With the RSI still having more room to dip, I expect BTC at $15.1k and a bounce back. What do you have to say about the recent BTC drop? Do share your views. Trade safely.
BINANCE:BTCUSDShort
by Dexter_The_Trader
1
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data. As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of $16,997.54 earlier in the day. This comes less than a day after prices were nearing a breakout of $18,000, hitting a peak of $17,725.88 in the process. Looking at the chart, bearish pressure intensified following a breakout of a floor at $17,200, with the price now trading at $17,023.22. This slight reversal comes as the 14-day relative strength index (RSI) moved close to a support point of 45.00. The index is currently tracking at the 47.05 level, and should price strength hit the aforementioned floor, BTC could land at $16,800. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BITCOIN: A RETRACEMENT.Hello guys, a quick update on BTC in a lower timeframe. Recently, we saw a nice 9% jump in the market and after every jump a retracement is necessary. The current rejection from the resistance level looks okay to me and we can expect BTC to hold the $17.3k to $17k level and then another rally back to $18k. So far, BTC is maintaining the rising wedge pattern and if it continues to do so, we may see some positive moves in the market. Invalidation point: $17k. Note: This chart analysis is based on a lower timeframe so do not consider it for a long-term investment. That's it from my end. Trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4
BTC Crucial Decision Area!Greetings Dear Investors and Traders! Today we will analyze BTC both from a technical point of view and fundamentally! Without further Re-do, lets get to it! After FOMC announcement at 14th of December, we faced hard rejection around 18,400$ area. Having said that, and considering BPS was increased by 50, We reached an all time high since 2007 when it comes to interest rates. At the moment of writing price broke below the area of 17,500$, leading us to further drop at the local Fair Value Gap, which is also considered a critical decision point. SCENARIO 1: In particular, if price breaks the threshold of 17,180$ which is the lowest key-point of the FVG, we forecast the price to touch the Orderblock indicated at the chart, which is also the local support area , around 16,881$ - 16,771$. SCENARIO 2: On the other hand, which is more likely to occur, if price holds and daily candle closes above 17,500$, we can expect price to start gaining momentum to the upside. Hence, BTC is more likely to retest the recent Local High. Nonetheless, if price get rejected and create a double top , that could indicate a valuable short opportunity, pinpointing us downward to the Orderblock area. Alternatively, if price holds at the previous local high and consolidated at these levels, we can assume that buying pressure is kicking in, and a new upside move is on the way. Hence, that will eventually lead us to fill the Gap which operates as a magnet at 19,100$. Make no mistake though, sentiment is still bearish , and moves tend to be hawkish. Therefore, after filling the Fair Value Gap at the abovementioned level, we consider that as a reversal area, and price most likely will try to fill the Orderblock at 16,700$ area. Bear in mind though, reversals tend to occur, when everything indicated the opposite! Trade with caution! Low leverage is advised at any circumstance! Not a Financial Advise! Best Regards, CryptoQueens
Long
by Crypto_Queens_Official
6
BTC And ETH Falls From 5-Week High as Traders Continue to DigestHello, welcome to this BTC And ETH DAILY chart update by @CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin ( BTC ) was again trading below $18,000, as bears reentered the market following the latest Fed meeting. Following a move to a five-week high of $18,318.53 on Wednesday, BTC/USD slipped to an intraday low of $17,642.51 earlier today. The drop seemingly comes as traders moved to secure profits, after recording three straight days of gains. Looking at the chart, this reversal in price coincided with the 14-day relative strength index (RSI) failing to break out of a ceiling at 60.00 The index is tracking at the 57.17 mark, with the next visible point of support at 54.00. Should price strength find its way to this floor, it is likely that BTC will be trading close to the $17,200 point. CHART ANALYSIS:-Ethereum (ETH) also moved lower on Thursday, following the U.S. Federal Reserve’s decision to hike rates by 0.5%. After the decision, Fed Chair Jerome Powell gave some market guidance stating that they “are getting close to the level we think sufficiently restrictive.” ETH/USD fell to a bottom of $1,280.52 earlier in today’s session, less than 24 hours after hitting a high of $1,346.17. As seen from the chart, the drop comes as ETH failed to sustain a breakout from its long-term ceiling of $1,300. Overall, prices are down by nearly 4% from yesterday’s peak, with the RSI currently tracking at 50.92, which is marginally above a floor of 50.00. Bulls will see this as a positive and have hopes that today’s sell-off will not continue throughout the rest of the week. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BITCOIN: A DECISION TO MAKE.Hello traders, welcome to today's BTC update in a daily timeframe. BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then $19k is the target but if it gets rejected then $16.5k to $15.5k could be the dropping level. BTC can take turns in any direction from here so stay extra cautious. I hope this update is helpful for you all. Trade safely.
BINANCE:BTCUSD
by Dexter_The_Trader
1
#BTC/USDT Geopolitical Factors or Manipulation?Welcome to this Quick BTC Update. A close below $16588 will trigger a bearish rally toward $15k. I see a bullish rally in the charts with a target of $18k+. BTC is currently hitting the support with a demand zone from $16500 to $16800 level. The Russia-Ukraine war is back again, recently 100 missiles were fired again. This has been going on for a long time. The FTX saga is over, there's no more pain IMO which is bigger than the FTX. I AM ACCUMULATING. Good thing, we closed 75% of our 7 altcoin positions in massive profit when BTC was trading above $17.2k. 25% stopped out with a low profit. Only CHZ was stopped out with a small loss. You were warned on multiple platforms. Check out if you haven't yet. Not Financial advice, DYOR! Do hit the link button if you want to support my work as it motivates me to post more setups and updates like these. Thank you #PEACE
Long
by Cryptorphic
7
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the United States. Inflation figures will be released on Tuesday, and are expected to fall to 7.3%, down from 7.7% the month prior. BTC/USD fell to an intraday low of $16,899.39 during Monday’s session, a day after hitting a high of $17,245.64. As seen from the chart, today’s decline saw bitcoin move lower for a fourth straight day, edging closer to a floor of $16,700 in the process. The 14-day relative strength index (RSI), which is currently tracking at 47.42, is also nearing a resistance of its own at 46.00. Depending on tomorrow’s inflation figure we could see BTC move below $16,700, potentially toward the $16,000 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
1
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies continued to trade in the red. BTC/USD slipped to a bottom of $16,750.56 earlier in the day, less than 24 hours after trading at a high of $17,061.48. The move saw the world’s largest cryptocurrency move closer to a recent support point of $16,700. After failing to break out of a ceiling at the 50.00 level earlier in the week, the 14-day relative strength index (RSI) is now tracking at 45.50. Should price strength continue to plummet, the next visible point of support seems to be at the 43.00 mark. Bears in the market will be hoping that this floor is not only hit but broken, which could trigger a move below $16,000. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4Hr chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC successfully bounced after taking some correction and hunting stops below the mid-range and this could be the completion of the corrective wave. Currently, bulls are showing momentum and a move above the previous high of $17,424 with a retest above it, would be the indication of the continuation of bullish impulsive waves. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
2
Important warning for Bitcoin!The patterns show the possibility of continuing the neutral phase in the $15,000! In November, the price of Bitcoin fell by 16% after the explosion of the FTX exchange bomb. With this heavy downward movement that occurred in the first two weeks of November, the market stabilized below the $18,000 range by the end of the month, and buyers could no longer cash the $18,000 bids in the market. During the last four weeks, when the market experienced good risk tolerance, the cryptocurrency market continued to stagnate; this shows the extreme weakness of this market and confirms that the cryptocurrency market is absorbing negative news. In case of favorable conditions, it has no business outside this market. But instead, it has become susceptible to risk aversion and negative domestic news. By following the conditions of the global economy, which is in a severe contraction, the investors of this basin have become aware that they cannot exercise much power in this market until the end or see signs of the return of easing policies. With a comprehensive look at the state of the general trend of Bitcoin that we have mentioned in the previous analysis, the bear current in the weekly and monthly time frame has cast a heavy shadow on the market. As the price of miners continues to decrease, more devices will shut down, which can be a fundamental issue. As more and more miners are removed from the network and the difficulty of the network decreases, the space for more powerful miners increases. This recession period drives weak competitors out of the market to make room for established industry owners who have budgeted for such tough times. As said in the business world and experience, a recession is a period of permanence and stability in any market. The bad news for this market is that the interest rate policies are still in place, and the target rates are still considered above 5%. Technical analysis: By examining the trend situation in the four-hour time frame, developing a dense corrective pattern is likely. Triple corrective waves are forming one after the other. Continuing the trend and intensifying the decline requires a force that news, such as an increase in interest rates and the strengthening of the dollar or the overthrow of another market giant, can create this movement. Further, breaking the important support of $16,660-$16,490 is an important warning to reduce another dimensional target of this pattern and fall to the $15,350 range. In this month, due to the fact that it is the last month of 2022, it is possible to create the most severe fluctuations in the market. So, in all your transactions, observe the capital management and the use of the loss limit.
by MonoCoinSignal
27