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Btcanalysis

BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures. The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50. Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate. Looking at the chart, a drop was somewhat expected with the 14-day relative strength index (RSI) tracking near a two-year high in recent days. As of writing, the index is at the 78.40 level, which is marginally above a floor at the 77.00 mark. Should a move below this point take place, it is likely that BTC bears could push prices toward the $20,000 zone. 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: CREATING NEW SUPPORT LEVELS.Hello traders, I hope you all are doing well with your health and your trades. Here's a quick update on BTC in a daily timeframe. BTC has shown some rejection lately which is close to -6% in a single day. The denial may continue but only if it can break below the support 1 level at $20.35k. If BTC breaks down below the S1 level, we can expect the price to reach $19k and then a possible bounce back. For now, if BTC maintains the support 1 level, it needs a breakout above $21.5k to continue a higher rally. In long term, I am bullish on BTC and if BTC shows some correction then I will accumulate more. That's it, for now. I will update BTC in a shorter timeframe as well. Thank you for reading. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
10
BTCUSD 4H and 1D analysis.After the enormous rise that BTCUSD has seen this year, the price is taking a pause and has started to consolidate. That is partly to harmonize the still vastly overbought 1D technical aspects (RSI = 87.317, MACD = 1105.700, ADX = 82.682) and to some extent short term traders booking profits. As an analytics firm, we suggest that a double time-frame analysis is best suited to analyze the current market dynamics. The key aspect on the 4H chart (left) is the Bearish Divergence. The price is rising inside a Channel Up while the RSI is falling inside a Channel Down. Technically if the price breaches below the Channel Up, it will look for the 4H MA50 for Support validation, which by that time should very near the structure. If broken, that will be the wave that will correct the enormous rise to some extend and a sell opportunity. The 4H MA200 is the most likely target. On the 1D chart (right) the key is Resistance Band 1 and whether or not a candle closes above it. If it does, we expect a rally extension to Resistance Band 2. If Resistance Band 1 rejects the candle, then we go back to the 4H correction mentioned above to the 4H MA200. An element that adds value here is the Support Band. On a 6 month variance it has offered the strongest levels of Support. This means that it is likely to see most candles closing inside it (or above it), which in turn suggests that the 4H MA200/ 1D MA50 may be approached by candle wicks momentarily on high volume candle extensions. Still, that addition can expand your analytical perspective if you are looking for an entry. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
BITSTAMP:BTCUSD
by InvestingScope
4
BTC Price Analysis SHORT !! ??Hello to all traders out there! Here's a BTC in a short situation in my personal opinion. So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL. If we end up breaking that support we might head on down to test the 19126 LVL. If that breaks.. we will go down and test the 18795 LVL. Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :) Have an amazing day all!
Short
by owenNations
Bitcoin Could Get A Hard Time Going Up From HereWe've been bullish since 16k. Now that we're up 4 thousand dollars, which is 30% higher, its time to look at some points of ressistance. At this moment, Bitcoin is already at the top of a resistance zone. I think the market is waiting for tomorrow, since the SPX is also looking at a breakout/resistance. If the SPX can break its resistance, Bitcoin will follow. If it does not, Bitcoin has probably reached its temporary top. In the bullish scenario, the next stops are 22750, and 25500 usd.
COINBASE:BTCUSD
by FetchTeam
3
BTC - More upside before breaking down!Dear Traders and Investors, as all you know Crypto Queens Here. First of all we hope you have a good and profitable week, and that you are resting well this weekend because we are anticipating some intense moves this upcoming week. Without further ado, let's get to it. A fast Short-term update regarding our latest report on 1D - BTCUSDT Post. Everything is going based on plan. BTC tested 17.000$ level, and at the time of writing it is still consolidating above 16.900$, which is a good indicator. A rising Wedge has been formed which as we all know, it's often considered a bearish chart pattern that pinpoints imminent breakout to the downside. Having as an example, the previous one which reacted quickly and broke structure to the downside. Nonetheless, nobody knows, when where that reversal will occur. Therefore, as long as we stay inside the pattern and as the price gradually, moves higher, we are aiming to test the FVG (Fair Value Gap) Area at 17300$. At this point, there are 2 scenarios in play: SCENARIO 1: Close FVG at 17300$ and effective immediately reject, at the point mentioned in the chart (Support), at 16800$. SCENARIO 2: Close FVG at 17300$, consolidate between 17300$ - 17100$ and test the lowest point of the Daily Bearish OB at 17700$, which ultimately will be rejected and lead us all the way to our Daily Bullish Orderblock (Support Area), at 16800$. SCENARIO 3: Check the "link to related idea" . You will find a Long Term view indicated on previous Post on 1D regarding 1st Quarter. IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa. Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens.
Long
by Crypto_Queens_Official
14
Watch out for the movement of BitcoinAbout Bitcoin (important): Note: This view is not definitive, but this view should be kept in mind so as not to be surprised. I followed the order flow on the chart, the orders from 28K have moved well to the lower nodes The orders that matter to us are between $19,900 and $21,800. Bitcoin may reach $19,900 to $21,800! It is not at all unlikely that we have a pump or a trend in this area. . Now you may ask what will happen to the 28K orders? This remains, once we reach lower areas and stronger support, the price will rise again and the orders will be moved or cleared.
by behdark
2
Strong Resistance/Bullish and Bearish Conditions/Buying PressureBitcoin was supported the previous day by a retracement to the $17,322 range, which is the 50% Fibonacci retracement range, and rose to the resistance levels considered for it in the $18,000 range. The increase in the price of Bitcoin has continued until the previous ceiling in the range of 18,389 dollars. Resistance on the chart for the past seven months has much power to react. The important point is that in the daily time frame, the number of bullish candles and the shape of the candles are all signs of buying pressure. So this time, if there is an attempt to break the resistance of the previous ceiling and form a higher ceiling, we can get a strong signal for a trend change in the 4-hour time frame. For the short term and in the lower time frames, we expect the formation of a range trend below the current resistance for Bitcoin. If Bitcoin can break this strong resistance of $18,389, located in the area of ​​100% daily Fibo, its next target is around $18,500 and then $19,200. If the Bitcoin force does not reach this resistance, the specified supports will be its stations. Be sure to use risk and asset management in your trades.
by MonoCoinSignal
18
Bitcoin price bottom reached? Then target for growth is $355000Today our main goal is to inspire you with positive thinking, because there is too much negativity in the market. Therefore, immediately a spoiler: "who will not give up and stay in the cryptocurrency market, they will be happy in the future" To begin with, the current fall of the cryptocurrency market is directly linked to the possible bankruptcy of FTX. But not everything is clear, there are many backstage games and such problems do not arise and are not solved in a few days. Yesterday Binance wanted to buy FTX, but now it does not. There is hope that next week Justin Sun will inject its own liquidity and save FTX. In general, we started to keep a chronology of events around FTX on the FTTUSDT chart back on 07.11, when the price was $22.6, if you are interested, we invite you to read: To summarize, the FTX liquidity gap is currently estimated at $8bn, only the theft of BTC from MT.Gox in 2014 at the current price of +/- $11bn was bigger. This is if we compare the problems of crypto exchanges, which at one time occupied 2-3 places in the top. Here is the BTCUSD chart since 2012. On this chart, we depicted parabolic arcs accompanying the growth and correction of the Bitcoin price from the beginning of trading and into the future. The red arc shows the limits of critical falls The blue arc shows the boundary of historical highs. The range between the yellow and red arcs indicates critical purchases by "big money" while small and medium deposits sell their assets due to "bad news" Above the yellow arc, the growth trend is gaining a natural character. After breaking through and fixing the price above the light green arc, the growth trend accelerates. Also, the range between the light green and blue arcs can be called a "healthy environment for the Alt-season" Why do we think that the bottom, if not already was, is very close? Below we will present you some of our ideas that we published during the last 2 years. Not to brag or anything like that, but to show that in different periods of the market, calculations, patterns, or fractals have suggested +/- the same range of potential "bottom" in the future. Publication from 28.02.2021 If you re-read the idea and turn on the workout, you will see that the target of the drop was $12000. However, this fall has shifted in time, and now the price of BTCUSDT is at the marginal support of dynamic Fibo levels. Publication from 19.10.2021 The assumption was the formation of the "Double Top" reversal pattern. The range of working out of this pattern is from $63k to $12-16k Publication from 25.01.2022 The growth was stopped by sellers at the critical point of $44500 and finally broke through the parabolic growth trend. The possible range of BTC price drop is $12-14k Publication from 08.05.2022 with a screaming name that the apocalypse in the cryptocurrency market is possible if the "Head and Shoulders" pattern begins to work out Unfortunately for most crypto enthusiasts, this pattern has already started its development. The target of this pattern is above $14900, the current low of $15500 is very close and the statistical error has not been canceled. Of course, only you can evaluate the development of ideas, we are ready for constructive criticism in comments under this idea. Let's move on. The Bitcoin price chart clearly shows one interesting pattern. Previously, there was already "BTC halving" 3 times. And it turns out that "the halving" was exactly in the middle between the absolute bottom and the absolute maximum of the current trend price movement. It happened in 2012, 2016, and 2020, just check it on the chart. The next halving is projected for early April 2024 (it may fluctuate +/- a few weeks depending on the BTC mining capacity involved) So if we compare all the facts and assumptions based on this chart, we can come to the following conclusion: - "The absolute bottom of the current trend may occur in the coming days/weeks, if not already was, in the range of $14-16k. According to our calculations and assumptions, the potential for BTCUSDT price growth is up to $355-360k . In terms of time, such a goal can be achieved no earlier than autumn 2025. If you liked our visualization and description of the chart: like it and write a comment under the idea. In this case, you will be subscribed to the idea, will receive updates on our thoughts on it, and will also be able to track the development for the next three years. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
48