BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC got rejected from the horizontal resistance. There is uncertainty on the lookout and the volume is extremely less.
The short-term range of BTC is from $15.6K to $17.1K. A strong breakout above $17.1K would confirm a push toward the bearish order block around $18.5K, which is the fundamental level for bulls to break for the mid-term bullish affirmation.
A sustained breakdown of $15.6K support would confirm one more leg down in the market toward the $14K to $12K zone, and that could be the end of the corrective waves.
This is not a piece of financial advice.
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Btcanalysis
Bitcoin has just fooled me!Hello, everyone!
Recently I tried to guess which form the Bitcoin will choose for the wave 4. Firstly I supposed ABC zigzag correction. After I thought that it could be the flat correction. Today I finally understood what market wants to tell us.
The first bounce after wave 3 ended exactly at 0.5 Fibonacci retracement level. This is the maximal natural correction for triangles. Triangles usually happens in waves 4 or b and we have the wave 4 now. I considered flat correction but in this case we have to see the impulsive wave 3 to the upside inside wave c, but we still did not.
I think that BTCUSDT is about to form d and after that wave e before the wave 5 to the downside. I decided to re-open short (at the same level where I closed it) and wait for the minimal wave 5 target approximately at $15k.
Best regards, Ivan
BTC BTCUSDT ATH is on the way After correction EndsThe market took a deep dive since the start of the week, despite the heavy correction BTC is still holding to the ground and Support levels still intact.
If The last support level fails to hold the price it's a freefall for BTC and the whole Market.
But since this level is too strong and no indicators are shown to prove the idea of a support penetration we will go Long depending on historical review.
>>>>
BTC holding areas: First 52K-48K .... Second: 48K-44K If it fails we are doomed ( but till now no signs of a trend break)
Target: Reaching New ATH ( 70K )
Average period: 1 Month
Average Rise %: 45%
....
We will update When Conditions are met and close when Support fails to hold the price.
This is not a thought it's an Analysis based idea. And forecasting, either way, is based on obvious conditions.
#BTC/USDT 4HOUR UPDATE !!Hello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Bitcoin bounced from the hourly support. BTC needs to break the $18,000-$18,500 area to get some momentum. We may see some sideways move from $16,000-$18,000 for the next few days.
This is not a piece of financial advice.
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Bitcoin – local pump before crash!Hello, everyone!
Yesterday my short setup started doing pretty well, but when I woke up the price immediately pumped and reached the entry level. Today I decided to close my short at the entry because now the Bitcoin is not forming the wave 5 according to the trading chaos approach. Moreover I missed the order block at $15800 and it’s understandable why price pumped from there.
Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Here we can see that the price broke the wave structure of the wave 5 and decided to form my unfavorable structure – flat correction inside wave 4. I missed the fact that wave 2 cannot be represented as a triangle, one clever man noticed it and wrote the comment below the previous analysis in TradingView. Thank you, bro!
Now it is clear that the price is forming the wave C. I always have 5 waves and now Bitcoin finished the wave 1 and probably 2. I opened long position with the target at $18k because the price has reached exactly the 0.61 Fibonacci retracement – the original target for the wave 2. Wave 3 should not be too long and I suppose it will be finished at the minimal target zone – 1 Fibonacci extension.
After that we have to find the divergence on the local timeframe between waves 3 and 5 inside C and trade the last bearish impulse.
Best regards, Ivan
Bitcoin – incredible short opportunity!Hello, everyone!
Today I am going to show you very interesting short trade setup becuase as I said in my previous analysis the dump is not over. Let’s go!
Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. At $15500 the wave 3 have been ended and after the market showed us the wave 4 which was represented as the zigzag correction. Now Bitcoin is showing us the wave 5. I suppose that wave 1 have been already ended and wave 2 also is about to it’s end. Wave 2 looks like the triangle correction which have reached it’s original target at 0.38 Fibonacci retracement.
I decided to open short trade with the target approximately at $14500 – 1.61 Fibonacci extension level. This is the anticipated target for the local wave 3.
Best regards, Ivan
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
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CHART ANALYSIS:-The $18K level had been supporting the price for several months. However, Bitcoin was recently rejected and experienced a massive shakeout, plunging beneath it following massive bearish momentum.
The market has likely entered a new consolidation range as the price dropped significantly. Nevertheless, during this phase, the price might retest the $18K level and the broken trendline in the form of a pullback and then continue the bearish trend toward the $11.600 level.
This is not a piece of financial advice.
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Thank you
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS Hello, welcome to this BTC /USDT 12Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
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CHART ANALYSIS:-BTC broke out a long descending triangle, did deviation, and heavily got rejected from the $21.5K resistance, breakdown the liquidity zone, and clearing all the stops below it.
Currently, it is trading below the liquidity zone and this could be our last down leg before a major expansion move as RSI is in an oversold region with a strong bullish divergence.
Bulls need to break the horizontal resistance of $19K which was previously acting as strong support for the confirmation of the bullish momentum back in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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Bitcoin - Death and GloryHello,
this is an Update to my last two Bitcoin ideas.
1.
2.
So far Bitcoin followed the way as shown in these ideas and i am currently looking for Short opportunities for the next leg down.
Short explanation as mentioned in the last two ideas.
Bitcoin price moves similiar to the 2017/2018 swing:
- Orange circle: Generate a top
- Downbreak to the 50% Fib (Blue circle)
- Red circle: Take out resistance that was generated by around that top / stopped the uptrend
- Downfall to the 23% Fib (orange rectangle) and genrate a Swing (but no break in MS)
- Retesting orange rectangle a few times and downfall
- Downbreak to the 50% Fib
So whats next: To consider a short i would want the weekly close below the orange level aiming for the Green rectangle.
I will buy Bitcoin at the Support level (green rectangle) or on a reclaim and S/R flip of 23k level.
If Bitcoin breaks down to the green rectangle we should see a long low-volume period followed by a retest of 50% - 61% FIb level. Retest again of the green rectangle and start of the next bull cycle. Time wise it could start around Bitcoin havling 2024.
So to recap my plans:
1. I only buy / long on the green rectangle or on a reclaim of 23k
2. Looking for shorts if we see a weekly close/open below the orange rectangle.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
BTC USD price prediction on 2023 - 2024Hello everyone!
BTC/USD - accurately
predicting strong uptrend
tendency on 2023 - 2024 yy
Min price target - 30 000$
Middle price target 40 000$
Max price target 45 000$
Attention!!!
Do not in any way take this analysis for practical use in trading or investment purposes.
This is only a subjective assessment of the future for this financial instrument!
Trading is always a Risk!
Kind regards, Team Traders "PowerfulTraders"
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down:
1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal.
2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area.
It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019.
3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX.
I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
#BTC break down 18.5k support What's next, rally or crash?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Update
BTC breakdown $18.5K support and failed in the retest of the descending trendline support, hit the liquidity box with a decent negative volume, and took stops underneath the past low of $17622 after 143days of consolidation above it.
Bulls need to recover $19K support with a good volume for the bullish affirmation in the market. A strong breakdown underneath $17.6K would be the affirmation of a further negative push in the market toward $15K to $14K which could be an expected bottom for BTC.
So let's see how the daily candle closes
Keep an eye on it
Stay tuned
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this BTC /USDT 1D chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Market is falling apart as Bitcoin broke the major support level. The weekly support is $15,000-$15,500 area and $12,000-$13,000 area. Binance backs off from the FTX deal and leaves the exchange on verge of collapse. If FTX is not rescued soon then we see more dumps in the market. Better to wait for a clear decision on FTX.
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
BTC 18K Broke As Expected...! Next Stop 12K ???As per my previous post on BTC we have got the clean break of 18k which has opened up the drop to the 12k area as there is nothing really in the way of it dropping to here. The 12k area will be key as we have a Monthly DEMAND/BUY level this is the origin of the huge moves up to the ATH'S there will be a lot of demand here we could even see a drop down to 10k as that is where the bullish leg up started.
I will be looking for BUY signals at this area we could even get a flash drop too this area as there will be demand at 12k and below
As in most things in life and in the universe the higher governs the lower trading is no different, the major moves and most volitilty is on the bigger charts, prices on the lower timesframes simply ebb and flow to meet higher timeframe targets. You should always know what is happening in the bigger picture charts as it's alot easier to spot where smart money targets will be.
Read my related post on what I wrote.
BITCOIN BACK TO $15K!!! THIS IS IT!!!BTC has officially entered the $15k zone after 2 years. History has been made where BTC has once again entered the $15k range.
What's next??? Next! Is the support at $15.7k? This support is long-awaited and BTC must hold this level. If BTC breaks down to this level then $11k to $12k is the next stopping point. I am thrilled as well as afraid of what I am witnessing right now. I am accumulating more and if we see more dips, I will buy more.
What are you doing about this dip?
Trade safely, guys.
Fly to the sky or fall into the valley of BitcoinAs long as the price of Bitcoin is high at 19900, there is a possibility of its growth. It is possible that Bitcoin will have a correction until the price of 19900.
The support range is very important.
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