BITCOIN 1DAY UPDATE BY CRYPTOSANDERS !!BITCOIN UPDATE :-Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent for a significant move in any direction. The $20K support area seems to be holding the price for now.
If a bullish rebound is to happen, the 50-day and 100-day moving average lines around $23K and the $24K resistance level would be key areas to watch for as they can initiate a bearish continuation.
On the other hand, a breakdown from the $17K-$20K area could prove disastrous for the market, as, in this case, a rapid decline towards $15K and beyond would be probable. This would prolong the bear market significantly as bottom formation and accumulations take months at the end stage of bear markets.
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Btcdominance
#BTC/USDT 1Hr 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:-Welcome to btc in the update As I told you btc might bounce from here which bounced back to btc support $19.6 if it bounces back we can see btc to $20,1k and break 20,5 our chart will be invalid
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#BTC/USDT 1HOUR 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:-As we can see bullish green candle has formed BTC support and a bullish crossover is showing on MACD so from here we can expect BTC to move from 20.2k to 20.5k
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#BTC/USDT 1DAY 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:-
Initial bullish momentum following last month’s payrolls has seemingly faded, with markets gearing up an economic downturn.
Although Friday’s figure of 315,000 jobs was better than expected, this was lower than July’s number of 528,000.
As a result of this, BTC/USD slipped to a low of $19,779.55 on Saturday, less than 24 hours after trading at a peak of $20,401.57.
Looking at the chart, bitcoin is now on the cusp of colliding with its price floor of $19,800, which hasn’t been broken since July 16.
However, should the relative strength index (RSI,) which currently tracks at 35.77, fall to its own floor of 33.95, then this breakout will likely occur.
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Possible Dropping Dominance BTC.DThis fractal on the monthly BTC.D chart has the potential to play out--especially if we close the weekly candle below 39.95%.
If the merge ends up being successful and bringing more money back into the altcoin eco-system--mixed with some positive macroeconomic news--there is a big chance for altcoins to have relative gains against Bitcoin. Dominance targets include 33.7% and 27 %.
No guarantee this plays out, but I find it useful to have plans either way.
What do you think?
Not Financial Advice
#BTC/USDT 4Hr 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:-
In the short term, the apparent bullish divergence between the price and the RSI indicator indicates a possible rebound for Bitcoin in the upcoming days. The price must first penetrate the descending trend line (marked yellow).
Considering the mentioned divergence and the strength of the $19K support level, there is an opportunity for a rebound in the short term. A correction towards the $22K level could take place before the next significant drop to attack the $18K threshold again.
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BTC Dominance heads and shoulders patternYes, it's early to predict but we have left shoulder, head only right shoulder is missing but in future we get the rights shoulder as well then we saw the downtrend rally and in the other hand BTC rally will hopefully in uptrend so, keep on eye on Dominance and trade safely
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#BTC/USDT 1HOUR 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:-
Hello, friend, BTC is the upper trade line that is getting rejected again and again we think that if BTC is rejected to BTC all most will dump 3.4% and if BTC from here breaks the upper trade line above $20.3k if closing If so we can see BTC one more time from $20.5k to $21k and we see a bullish divergence in RSI and RSI is crossing the upper train line
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Bitcoin dominance, 4h ChartSpotted falling wedge, however there are two conditions to take note of:
- If this pattern gets invalidated, i.e, pattern gets broken and continues to come down (BTC.D% keeps coming down)
- if bitcoin moves up, which will also mean that altcoins will move up
So far, Bitcoin has tested support 3 times on the 4h chart, Bitcoin should rise but given the fundamentals this time, we should wait for confirmation instead.
🤖 #SENTIMENT- 30.08 🤖TLDR
In essence everything is pointing towards short term bear movement for the next 2-4 days and then potentially bull rally
USDT DOMINANCE
Hitting key resistance, overbought a bearish divergence and descending trendline. Equally a break out here would be huge but it is looking quite bearish which means money flow into BTC and Alts
ALT CAP EXCL. BTC & ETH
Playing out the last of a Head and shoulders pattern with the possible bottom in the next few days then could result in a big rally from there driving Alts up
BTC
Finishing off the last of a descending wedge over the next few days then possibel breakout on the cards
BTC DOMINANCE
We will likely see a bounce at the bottom of this channel now as a result of BTC pumping - this may leave Alts a little stagnant but they will follow.
#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:-
Hello Friends As I mentioned in the last update and we are expecting BTC to bounce from $19550 20MA is pumping continuously we can expect if BTC from here to $21K $21.5K
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⚡️BTC DAILY UPDATE⚡️As BTC broke below the significant lower trend line support and it's forming a scary picture currently from the bulls' perspective.
Here bulls need to take charge and we need a daily close above the lower trend line resistance to grow above the price level of $25k.
If the Current candle closes below the resistance level then it can move down again towards the lower price level of $18500 which is also a support zone and it needs to hold it.
Let’s see how it goes in the upcoming hours and whether it will be able to move upside down or not.
Thank you.
#BITCOIN DOMINANCE 2DAY UPFDATE !!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 dominance breakdown horizontal resistance retested successfully and currently moving towards its demand zone. As BTC.D is bearish and BTC is showing sideways behavior, that would be a bullish sign for ALTS, if BTC moves sideways or move upward.
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.
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#BTC/USDT 4 HOUR 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:-
4-hour chart, the price has recently broken down a rising wedge pattern (textbook bearish). However, it is expected that BTC will form a pullback and retest the lower boundary of the wedge, approximately $21K, to confirm the breakdown.
The current bullish divergence between the price and the RSI indicator demonstrates the concept. Considering the divergence and the essence of forming a pullback, the price will likely experience a short-term correction towards the $21K level before a possible bearish continuation towards the mentioned $18K support.
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.
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The Zigzags of DominanceThe bitcoin dominance graph looks very strange.
I think the reason for that is that a huge number of hands bought Ether hoping that Ether 2.0 itself would immediately pump up its price.
That's why everything looks so unnatural, it's hard to predict anything. We have a candle and some divergence. It should start to rise.