#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.
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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
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#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: -Looking at the 4-hour timeframe, the price is consolidating between the tight range of $18K and $20K. The $20K level recently rejected the price to the downside and appears to be targeting the $18K low again in the near future.
The RSI, which demonstrated an overbought signal while the market was testing the $20K resistance level, is now showing neutral values, indicating that the market is in equilibrium in terms of momentum.
Considering the higher timeframe downtrend, a breakout below the $18K support remains the most probable scenario, and a continuation of the bear market seems likely.
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#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.
BTC/USDT UPDATE:-BTC Very Strong Support BTC Is Strong Support Between $18700 to $18500 If BTC Breaks Down Side $18500 Our Chart Will Be Invalid
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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: -The price has been fluctuating in a tight range between $18K and $20K in the last few days, preparing for the next crucial move.
A double bottom pattern has been formed at the $18K level recently, which could push the price towards $20K once more. In the event of a bullish breakout, both $22,500 and $24K would be key resistance levels to watch in this timeframe.
The RSI indicator is also in a state of equilibrium, as recently, it has been oscillating around 50. The bulls and bears are currently struggling to take control, and the market could break out in either direction.
However, considering the higher timeframe bearish trend, a breakdown below $18K is still the more probable scenario.
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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 for all, thank you, guys.
BITCOIN UPDATE: - Daily chart, the price failed to break the significant bearish trendline last week. The 50-day and 100-day moving average lines located near the $22K level also played their part in pushing the price to the downside.
Currently, the market is testing the $18K support area for the third time. However, considering the overwhelming bearish momentum, a break below this significant level is likely.
In this case, Bitcoin would record a new lower low in the current bear market, and the price could drop towards the $15K area and potentially further downward in the short-term. The crash would also further prolong the duration of the bear market and bring it close to a full year.
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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 for all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) fell to a four-month low to start the week, as bearish sentiment remains high in crypto markets.
BTC/USD slipped to an intraday low of $18,390.32 earlier in the day, following a floor breakout at $18,645.
The drop saw bitcoin hit its weakest point since June 18, the last time this support level was also broken. Many believe the decline comes ahead of this week’s U.S. Federal Open Market Committee meeting, where interest rates are expected to be hiked.
Looking at the chart, Monday’s sell-off comes as the 14-day relative strength index (RSI) fell below a floor of its own at 41.30.
As of writing, the token is trading below 38.00 and is currently in oversold territory, which could be a positive for those anticipating an eventual turnaround.
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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: - 4-hour timeframe, the price broke above the $22.7K resistance level a few days ago but failed to hold above it and dropped back below fairly quickly.
The massive drop has paused at the $19.5K support level for now. However, the market structure looks bullish at the moment, and a $21.7K seems probable.
In this case, the $17.6K area could be tested once again to determine whether Bitcoin would make a new lower low or not.
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 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: -bitcoin (BTC) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report.
Following a peak of $22,673.82 on Tuesday, BTC/USD dropped to an intraday low of $19,497.67 earlier today.
Markets had expected August’s consumer price index (CPI) to come in at 8.1%, down from 8.5% the month prior.
However, with the CPI coming in at 8.3%, traders’ confidence faded, leading to a bloodbath across the crypto market.
Looking at the chart, this sell-off took place following a false breakout of the $22,600 resistance point, with prices now hovering around a key support point.
As of writing, BTC/USD is trading at $20,164.21, which is marginally below a floor of $20,600.
Should bearish sentiment remain throughout the day, we could potentially see traders target a lower support level of $19,300.
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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 are seeing in btc that btc got dumped suddenly by forming a Bart pattern and we are now seeing RSI bullish in btc so from here we expect that btc should be pumped what do you think do tell in the comment section
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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: -Bitcoin (BTC) rose for a sixth straight session to start the week, as sentiment in cryptocurrency markets remained mostly bullish.
BTC/USD rose to a high of $22,244.38 earlier in today’s session, less than 24 hours after trading at a low of $21,493.03.
Today’s rally sees the token now up by over 12% in the last seven days, with some expecting further surges this week.
Looking at the chart, the recent bullish momentum has led to price strength moving towards the overbought territory.
As of writing, the 14-day relative strength index (RSI) is currently tracking at 59.67, and this comes following a recent breakout of the 55.40 resistance point.
In addition to this, the 10-day (red) moving average is now on the cusp of a cross with its 25-day (blue) counterpart, which could signal further surges in price.
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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 4-hour chart, The price has broken above both the bearish trendline and the $20,500 level after rebounding from the $18K area.
Currently, the cryptocurrency is testing the $22K resistance level, and a bullish breakout from this level would pave the way toward $24K. However, the trend seems over-extended. This suggests a bearish pullback toward the $20,500 level – which has now turned into support.
Additionally, the RSI indicator, which had been signaling a massive bullish divergence before the reversal, is now demonstrating a clear overbought signal with values above 70%. This further boosts the probability of a short-term pullback.
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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: Last Friday, August’s non-farm payrolls (NFP) was released, which showed that 315,000 jobs were added to the U.S. economy.
Although the labor market continues to be the bedrock of optimism in the United States, it has not been enough to avert attention away from the inflationary crisis.
Despite the better-than-expected NFP number, bitcoin fell to two months low the day after the data was released, dropping below $18,600.
Since then prices of BTC have mostly consolidated, trading between a floor of $19,500 and a resistance of $20,200.
However, as of writing this, the token has surged in today’s session, with prices once again moving above $21,000.
Some attribute this rally to comments from Fed Chair Jerome Powell, who all but confirmed that rate hikes would continue, until “the job is done”.
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 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:- 4-hour timeframe, after forming the same continuation correction pattern for the third time and consolidating inside, the price finally broke the lower threshold. This resulted in a massive decline to the $18K support level.
This is the most crucial level for the bulls to defend. If the bears successfully push the price below this critical level, another clash for power will likely occur.
However, there is a considerable bullish divergence between the price and the RSI indicator in this timeframe. The formation, alongside the sentimental power of the $18K support level, indicates a potential reversal in the next few days.
The current question is whether the bulls can hold this support for the fourth time. Next week’s price action could be a clue to determining the outcome.
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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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.
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.
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 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 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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#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 :-
BTC is currently in support but once support breaks from here BTC could drop to $19000 to $18800, main strong support for BTC is between $18800 to $19300, if it drops evenly We are back once again and can see any $17500 otherwise if BTC bounces from here BTC might bounce around 30% from here
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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.
BTC 1Hr UPDATE !
BTC is trading inside a rising wedge forming a triangle pattern and if BTC bounces off the 21MA which is currently located at $24550 and secondary strong support is at $24444.
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#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.
BTC 4Hr UPDATE !
As I mentioned in the previous update that BTC is bouncing back to BTC $23.850 came for retest and create a triangle pattern bouncing from here 21MA support is also support if BTC fake-out from $24.550
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BITCOIN 40 minutes 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 /USDT UPDATE !
I think BTC bounce back parallel channel lower trendline $21700
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.
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