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
Btcanalysis
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.
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:-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 $19K which was previously acting as strong support for the confirmation of the bullish momentum back in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin - Death and GloryHello,
this is an Update to my last two Bitcoin ideas.
1.
2.
So far Bitcoin followed the way as shown in these ideas and i am currently looking for Short opportunities for the next leg down.
Short explanation as mentioned in the last two ideas.
Bitcoin price moves similiar to the 2017/2018 swing:
- Orange circle: Generate a top
- Downbreak to the 50% Fib (Blue circle)
- Red circle: Take out resistance that was generated by around that top / stopped the uptrend
- Downfall to the 23% Fib (orange rectangle) and genrate a Swing (but no break in MS)
- Retesting orange rectangle a few times and downfall
- Downbreak to the 50% Fib
So whats next: To consider a short i would want the weekly close below the orange level aiming for the Green rectangle.
I will buy Bitcoin at the Support level (green rectangle) or on a reclaim and S/R flip of 23k level.
If Bitcoin breaks down to the green rectangle we should see a long low-volume period followed by a retest of 50% - 61% FIb level. Retest again of the green rectangle and start of the next bull cycle. Time wise it could start around Bitcoin havling 2024.
So to recap my plans:
1. I only buy / long on the green rectangle or on a reclaim of 23k
2. Looking for shorts if we see a weekly close/open below the orange rectangle.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
BTC USD price prediction on 2023 - 2024Hello everyone!
BTC/USD - accurately
predicting strong uptrend
tendency on 2023 - 2024 yy
Min price target - 30 000$
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
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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Thank you
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.
.
If you have any questions, ask us
We will be happy to talk to each other
BITCOIN: ALL IN ONE.Hello traders, I hope you all are doing well with these recent dumps. The market was already in an uncertain stage and then the pump-and-dump scenario by the two most powerful influencers. There's a lot to take but in this chart, I will try my best to simplify all these complications.
In this chart, I am gonna talk about three important things, Past & present scenarios, Support level, and the bull run.
So, let's get started!
Note: This update is going to be a long one so please bare with me till the very end.
1. PAST & PRESENT SCENARIOS: It was March 29th, 2022, when BTC dumped from $48k all the way to $24k (-50%) in 44 days, and the market went crazy. Then we saw some sideways moves for about 33 days expecting BTC to bounce back but on June 12, it made another drop from $28k to $17.6k (-38%) in just 6 days. Ever since then, BTC is trying to maintain this support level (17.6k) and push the price toward a bullish rally.
The recent drop has brought BTC back to a similar situation where holding the support is a must. If history is going to repeat and BTC breaks down the $17.6k support then a -38% drop would mean BTC at $11k to $12k.
2. SUPPORT LEVEL: $17.6k has been an important support for BTC. In a daily timeframe, this may look like important support but in weekly TF, it is not. I will share details about the weekly chart in my next update. For now, we will consider $17.6k to be the present support.
3. THE BULL RUN: We all are anxiously waiting for the bull run and there are many traders predicting dates for the bull run. They can be right, according to their analysis. For me, I would rather go with the numbers. In this chart, you'll see 2 confirmation levels, 1st confirmation level is at $24k to $25k and then the 2nd confirmation level is at $30k to $32k. BTC needs to break these two levels to confirm a bull run, until then we need to wait and accumulate the bottom levels.
KEY POINTS:
* $17.6k Support.
* $24k to $25k 1st bull run conformation.
* $30k to $32k 2nst bull run conformation.
What is your thought on the current market scenario? Let me know in the comments.
Good hours ahead, thank you.