BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report.
Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded.
As a result of the report, BTC/USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11.
This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory.
The 14-day relative strength index (RSI) is now back above the 50.00 mark, and is tracking at 51.54 as of writing, potentially en route to a ceiling of 55.00.
Should this point be hit, then we will likely see bitcoin not only above $20,000, but edging closer to $20,500.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Btcdominance
#USDT DOMINANCE 3HR UPDATE !!As usdt dominance constantly gained almost 8% from the reversal zone at 7.24% level.
In the current scenario, usdt dominance is currently trading inside a rising wedge pattern and a breakdown is expected from the current level after a rejection from the superior resistance of 7.90% level.
Break down of a wedge will lead usdt dominance towards the lower support zone for one more time, which will Simultaneously brain a good green movement at falcons.
Let's hope for the best.
If you are new to my channel hit the like button follow and comment In the comment section if you find this update helpful.
So, do your own research before any trade and hit the like button if you find this analysis helpful.
This is not a piece of financial advice.
Thank you.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) fell below $19,000 for the first time in over a week in today’s session, as the U.S. dollar rose in strength.
USD climbed to its highest point in nearly two weeks versus several of its G7 counterparts, ahead of Thursday’s inflation report.
As a result, BTC/USD slipped to an intraday low of $18,984.66 earlier in the day, which is its weakest point since October 3.
Looking at the chart, today’s drop in price sees the token fall marginally below its key support point of $19,300.
In addition to the price, the 14-day relative strength index (RSI) also dropped below a floor of 45.80, and as of writing, is tracking at 44.67.
Bitcoin bulls have since reentered, and pushed the token back above $19,000, however prices are still below the aforementioned support point.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
USDT.D AT LOCAL RESISTANCEHello, traders welcome you all to another chart update on USDT DOMINANCE.
If you are reading my update for the first time hit the like button follow and comments in the comment section if you find this analysis helpful.
As we saw how dominance bounced from the lower trend support at 7.27% and rallied almost 5%.
In the current frame, usdt dominance is facing a resistance trend line which could be the rejection point, for now, a break above will lead it to rally toward the 7.80% level.
MACD printing a bearish crossover which could be the signal of some drop.
Let’s see how this chart pays out in the upcoming hours.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Do your research before making any trades.
Thank you.
New Crypto Millionaires are almost ready to be bornA finfluencer said today on his Instagram reels: 'On the topic of Bitcoin dominance ( CRYPTOCAP:BTC.D ) I really dislike this metric. I don't think that is very relevant any more. The reason why I say is that because 1. it includes stable coins, which stable coins have an enourmous market cap and continue to grow as market matures. The issue with including all altcoins is that is very easy to create new ones that don't necessarily have any true value but they get included in the CRYPTOCAP:BTC.D calculation thus lowering it despite not actually making any major difference'.
I was curious and felt challenged. What I have found out was similar to Einstein's Eureka moment. The claim is that USDT market cap ( CRYPTOCAP:USDT ) plays a significant part in CRYPTOCAP:BTC.D but it gives an distorted image. I distracted CRYPTOCAP:USDT from CRYPTOCAP:BTC.D to see till what extent there is a relation by using their relative strengthness.
There is not much data and because it probably happens in every Bitcoin cycle only, next conclusions I can draw:
1. if CRYPTOCAP:USDT crosses up CRYPTOCAP:BTC.D and maybe as 2. condition at the same time BTC price crosses up EMA 21, you can start hodling;
2. as long as the CRYPTOCAP:USDT remain above CRYPTOCAP:BTC.D no need to panic as long as you are a day trader: every time BTC price close below EMA 21 you can take profit on your spot position and/or consider short and every time price close above EMA 21 you can buy spot and/or consider long position;
3. if CRYPTOCAP:USDT crosses down CRYPTOCAP:BTC.D you stop/continue hodling and/or consider a short position;
4. as long as the CRYPTOCAP:USDT remain below CRYPTOCAP:BTC.D and the BTC price hits EMA 21, consider this as to open short position;
5. if the CRYPTOCAP:BTC.D is decreasing below 50% level and the BTC price is increasing and remains above EMA 21 (see arrows): the best moments to create altcoin baskets.
Hopefully the history will repeat!
BTC/USD 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report.
Following the better-than-expected jobs report, BTC/USD fell to an intraday low of $19,395.79 earlier in the day.
The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low.
Looking at the chart, the 14-day relative strength index (RSI) has also dropped and is also approaching a floor of 45.70.
Despite moving closer to this bottom, the 10-day (red) moving average has recently crossed over its 25-day (blue) counterpart, which is typically a sign of bullish momentum.
Should BTC move to its floor of $19,200, there will likely be an influx of bulls looking to buy this dip, sending prices higher as a result.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#BTC AT SUPPORT LEVEL.Hello, traders welcome you all to this BTC quick chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
According to my last higher time frame update BTC is still trading in a support zone, here at the lower time frame BTC is trading on a lower trend line support of the ascending triangle pattern.
If BTC holds this level and is able to gain above then we can see a good green rally from the current level.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Do your research before making any trades.
Thank you.
BTC Dominance ! Weekly chart (altwinter is coming in next weeks)as you see in the picture btc dominance is in a reversal zone and soon moneys from alt coins will transfers to btc
so its more logical to trade on btc , altcoins winter is coming ! ( not all of them but most of them )
dont forget that its weekly chart movements are super slow
GODBLESS
BTC Dom UpdateEven though we are going through bear season we haven't seen money flowing into bitcoin.
Looks like it bounced from yellow area which means if we see candle closing above green area we will see some bearish movement on altcoins.
Even if it's fake i am expecting it to go up to 43.17 % level at least.
Bitcoin (BTC) - October 6Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D Chart)
(USDC 1D Chart)
If additional funds flow through USDT and rise above 68.468B, there is a possibility that the coin market will show an upward trend.
However, for this uptrend to continue, the outflow of funds through USDC must stop.
(BTC.D 1D Chart)
BTC dominance tells you how much money is being concentrated towards BTC or altcoins.
Therefore, when BTC dominance rises, it means that funds are being concentrated towards BTC.
(USDT.D 1D Chart)
USDT Dominance tells you if your funds are being utilized in the coin market.
If USDT dominance declines, the coin market is likely to rise.
However, since it is the flow of money throughout the coin market, if BTC or ETH leads the coin market to an uptrend, altcoins may decline or go sideways.
Therefore, care must be taken in interpretation.
The rising gap in USDT dominance means that new funds have flowed into the coin market.
A drop in the gap means that funds have flowed out of the coin market.
(NASDAQ100 1D Chart)
The key is whether it can support and rise above the 11371.9-11475.5 section.
If not, you should check to see if it is supported on the 10666.6-11169.5 section.
We need to see if we can continue with an attempt to break out of the short-term bearish channel.
------------------------------------------
(BTCUSDTPERP 1D Chart)
- If it rises above 20794.4, the main position is 'LONG'.
- The 19424.9-20794.4 section is a quick response section.
- If it falls below 19424.9, the main position is 'SHORT'.
The key is to find support above 20122.5 and above the uptrend line (1).
To sustain the uptrend, the price must remain above the HA-High indicator.
So, it should either rise above 20794.4, or shake it up and down to make the HA-High indicator fall.
We need to see if we can sustain the price above 19424.9 during the volatility period between around 6-12 October.
If there is an upward trend this time, it is expected that the maximum hurdle will be the 20794.4-21826.1 section.
The SR_R_C indicator includes the Stoch RSI, RSI, and CCI indicators.
A trend reversal is highly likely to occur when two or more of these indicators enter the oversold or overbought zone.
Some indicators may be in the oversold zone and some may be in the overbought zone.
This is likely to be mixed, so it is recommended to pause trading and check the situation.
------------------------------
- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin 4H Analysis Update #BTC
At This Update I Wanna Analyze The #BITCOIN Chart At 4H ,Daily And Weekly Timeframes
4H TimeFrame : Ascending Triangle And The Price Is About To Breakdown The Pattern
Daily Timeframe : Currently The Price Faced a Strong Trend Line Also By This Clear Triangle I Expect a Breakdown The 18k Support And Visit New Lows
Weekly Timeframe : Descending Triangle Is The Main Pattern And I Expect a One More Leg down As a Wave 5 From C
There Is No Bullish Sign At All These Three Timeframes ,New Lows Coming ,My Main Target Is 12k To 14k PRZ
BTC.Dominance Elliott Waves (LONGTERM)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Target zone: 35-30%
cancellation of fall - consolidation fix price above 48%.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE:-Bitcoin is now testing the resistance area. If BTC is able to break above this resistance then we see a move towards the $21,500 area. If BTC is rejected from here then we see a downward move towards the major support of the $18,000-$18,500 area.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE:-BTC again bounced from the 2nd bottom and ascending trendline support that is showing bulls' strength. It is also consolidated in a symmetrical triangle.
MSB (market structure break) level for BTC is $20,400. Here the best play is to play level to level and sit tight for a strong break above MSB level for the bullish affirmation.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin 4H Analysis update10.03.2022BTC/USD
--------------------
4-hour time frame
Over the weekend, we saw little to no volatility in price action, with sideways trading being the theme of the last two days.
As we are now in a new month/quarter, we could see things hopefully move.
After yesterday's weekly close price created a new weekly level which is also just below two current, which makes this idea a little more probable while also maintaining this ascending support we have formed. Ideally, for the above scenario to play out, I would like to see a wick below fooled by a swift recovery /reclaim of the weekly, with the emphasis on the weekly reclaim.
This analysis will be update.
BITCOIN.DOMINANCE 2DAY UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC .D UPDATE:-BTC.D bounced from the horizontal support, currently facing local resistance and trying to break it.
An upward direction is expected if it successfully breaks out the local resistance. If it happens then we've to be cautious with ALTS.
Another possible scenario is a continuous rejection that would lead to the formation of a double top pattern, which would give a relief rally in ALTS.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
BITCOIN WEEKLY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#BTC/USD UPDATE:-BTC formed a descending triangle and held above the key demand zone. The price is now in a contraction phase and is on the verge of a breakout/breakdown.
A lot of liquidity has been created on both sides, so a trapping move can be expected here to hunt stop losses.
If BTC breakout descending trendline with a good volume then we could expect a move towards $28,805, while a solid breakdown would indicate a move towards the 2019 high of $13,970.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
#BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) fell below $20,000 to start the weekend, as bearish sentiment returned following a brief rally late on Friday.
Following the release of the University of Michigan Consumer Sentiment report for September, which showed improvement from the previous month, BTC surged to a peak of $20,109.85.
However, on Saturday, the token slipped to an intraday low of $19,238.12, falling below its floor of $19,300 in the process.
Looking at the chart, the move comes as the 14-day relative strength index (RSI) continues to move away from its ceiling at 49.00.
As of writing, the index is tracking at 45.45, which is close to another support point near the 44.00 regions.
Should this floor hold firm, there is a strong possibility that we could see a rebound, with bitcoin bulls not only taking the price back to $20,000 but potentially above this point.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 12Hr UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -Bulls tried to break the long-descending trendline but couldn't able to give close above it and also got rejected from the horizontal resistance.
Still, the monthly close is above the key level support of $18,500, which is a positive sign for the beginning of this month.
BTC needs a successful breakout above the key resistance level of $20,400 for the bullish confirmation in the market
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you