BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started yet another week trading under the 26,000 level, as traders began to prepare for upcoming U.S. economic releases.
BTC/USD slipped to a low of 25,620.46 earlier in today’s session, after ending the weekend at a peak of 25,978.13.
Monday’s decline in price saw bitcoin continue to hover close to a key support point at the 25,600 region.
The slippage comes as the 14-day relative strength index (RSI) moved closer to a floor of its own at the 35.00 mark.
the index is tracking at a reading of 37.09, which comes after failing to break out of a ceiling of 45.00 last week.
Should bulls reject a drop below 35.00, there is a good chance that BTC reverses in the coming days.
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Btclong
$HOOK Retesting Falling Wedge also Try to Break RangeNASDAQ:HOOK Retesting Falling Wedge also Try to Break Range
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was trading marginally lower on Thursday, as the cryptocurrency moved below a key point of support.
BTC/USD bottomed out at 25,404.36 earlier in the day, less than 24 hours after peaking at 25,953.02.
The decline saw Bitcoin fall under a price floor of 25,600 before bulls intervened to send the cryptocurrency higher.
BTC is now trading at 25,701.34, which sees its price below 26,000 for a third straight day.
Although sentiment has been mostly bearish, price stability has largely remained, with traders so far avoiding a drop under 25,000.
This could be tested as we head towards next week, with several key economic announcements set to be released in the United States.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin’s consolidation continued on Wednesday, as bulls remained on the sidelines, despite the prospect of a “death cross.”
The term refers to an entangling between moving averages, in this instance the 10-day (red) and 25-day (blue) trendlines.
Despite the potential for this to occur, BTC/USD bottomed out at 25,628.61, which is marginally lower than Tuesday’s high of 25,858.37.
price consolidation comes as the relative strength index (RSI), flatlines close to a support of its own at 35.00.
Bulls have so far rejected a move below this point, however, in the event that this occurs, BTC could fall below 25,000.
Longer-term Bitcoiners could be hoping for this, as a means of buying at an even lower rate.
I have tried to bring the best possible outcome to this chart.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- 4-hour chart, the recent price action becomes a lot clearer. The market has recently been rejected from the 27,500 short-term resistance level and has been declining towards the 25K support area.
The RSI indicator is also showing values below 50%, emphasizing the current bearish momentum in price. Therefore, if the 25K level breaks down, things can get ugly quickly.
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$BTC 1W showing Hidden BullishCRYPTOCAP:BTC 1W showing Hidden Bullish
What Is Hidden Divergence?
Hidden divergence is created when the price of a cryptocurrency carves a higher low, while the indicator creates a lower low. Typically a hidden divergence can also be categorized by a bullish or bearish hidden divergence.
For example, a bullish hidden divergence happens during a correction of an uptrend when the value of an asset makes a higher low. However, the oscillator is still showing a lower low. This usually translates that the bullish trend continuation signals trader to take profit.
Bearish hidden divergence, on the other hand, is the opposite. Meaning the value of an asset makes a lower high, but oscillators are showing a higher high. This signals a trend reversal in which a trader should stop loss and sell-off as soon as possible.
BTC local movesIts been 5 days BTC is in the range.
Every move up gives good opportunity for Alts to Pump and every move down - Alts immediately bleeding
On LTF BTC can give some bullish moves. We can expect bounce until 26500$ - 27100$ with, high probability, bearish reaction from these price levels. (n.1)
If BTC will manage to close with D candle above 27200$ - then it will bring more chances for continuation of the uptrend. (n.2)
If you see that BTC is closing with 4 H candle below 25500$, then expect that BTC will drop even more towards to 24000 - 23500$
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was trading below 26,000 on Labor Day, as volume in the cryptocurrency market was mostly lower.
BTC/USD slipped to an intraday low of 25,817.03 to start the week, following a high of 26,087.15 the day prior.
The decline pushed Bitcoin closer to a collision with support at $25,600, however, bulls have so far rejected this retracement.
This comes as the 14-day relative strength index (RSI) found a floor of its own at the 35.00 mark, helping to ease the bearish pressure.
the index is now tracking at 37.16, with the next visible resistance point at 43.00.
In the event that this ceiling is broken, BTC bulls will likely make advancements toward 28,000.
I have tried to bring the best possible outcome to this chart.
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XMR LONG SignalGot a Long signal on MONERO USDT, usually the XMR Signals do work out with a winrate of 83%.
Once the algo closes the trade i will update the idea here, stay tuned
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin continued to trend lower on Saturday, as the bears were once again in control of crypto market sentiment.
Following a high of 28,148 on Tuesday, BTC/USD started the weekend falling to a low of 25,362.61.
The decline has come as a result of profit-taking, and also the changing economic climate in the United States.
Consumer spending is slowing, whilst the labor market remains tight as a result of increasing interest rates.
today’s decline pushed bitcoin below a key support point of 25,600, however, bulls have since reentered.
BTC is now trading at 25,818.66, with a target of 26,000 likely to be present throughout the weekend.
I have tried to bring the best possible outcome to this chart.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin moved back over the 28,000 level during the last several hours, following Grayscale’s court win over the Securities and Exchanges Commission.
After trading at a low of 25,998.08 earlier in the day, BTC/USD peaked at 28,089.34 late on Tuesday.
This pushed the world’s largest cryptocurrency to its highest point since August 17, when the price was on the cusp of 29,000.
Earlier gains have since fallen, as traders have seemingly captured profits, with bitcoin now trading at 27,353.52.
this comes as the relative strength index (RSI), reached a ceiling of 53.00, before falling lower.
the index is now tracking at 48.52.
I have tried to bring the best possible outcome to this chart.
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Bitcoin - LONGIn my previous posts i called this move down to 27k. However, i didnt have the patience to stay with that idea. However, it ended up playing out. Lot of fear on the timeline right now, This is a solid support area, if it fails ill look to 25k. I think this will look like a great buy within a few weeks.
Channel tradingHow to trade channels after sharp moves, where there is a valid money flow in the market.
During this short video I just described one of very common and useful techniques that is applied for channel trading, which is for this video scalping, but it applies to all time frames.
Here you need to get confirmation and be patient for pull back, it is important to put your stop loss precisely and of course be loyal to it (please do not move it)
Put the stop loss under that shadow but with enough space for breathing
Bitcoin scalping ideaBINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️We got Daily FVG marked with levels
➡️On 1H timeframe 3 main pools, 2 of them we swiped
➡️Walk from liquidity to another liquidity. now road to 27761 and 28701
➡️ At this levels need to see price reaction from sellers.
➡️ If there is no reaction road to 35-48 possible in October till May 2024 if we take a look globally
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Will BTC continue its dump or it'll surprise everyoneHi dear community members, my lovely and loyal followers, I hope you are fine and make good trades.
I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)).
Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K.
I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bears continued to circle Bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since the collapse of FTX.
BTC/USD dropped to a low of 25,668.92 on Saturday, which comes less than 24 hours after trading at a high of 26,598.65.
bitcoin remains close to a two-month low, with some traders targeting a breakout below 25,000.
the relative strength index (RSI) is deep in bearish territory, with a current reading of 18.56.
Price strength hasn’t tracked below 20.00 since January last year, which for some was the beginning of the so-called “crypto winter”.
Should there be further declines this weekend, the target will likely be a support point of 24,900.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) bears pushed the cryptocurrency to a two-month low on Friday, following the news that Spacex had liquidated its holdings in BTC.
After peaking at 28,525.11 during Thursday’s session, BTC/USD plunged to a bottom at 25,409.11 late last night.
This was the weakest point that Bitcoin had fallen to since June 16, when the price was near a breakout below 25,000
it appears that the sell-off came as the 14-day relative strength index (RSI) fell deep into oversold territory.
The index is now tracking at 20.10, the lowest level it has hit since January 2022, which ironically was when Tesla began to sell off its own holdings in Bitcoin.
Price has somewhat rebounded from earlier lows, and is now trading at 26,041.67.
I have tried to bring the best possible outcome to this chart.
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BTC LONG TERM Since the end of March, the market has been experiencing a low-volume phase .
Currently, even though we observe a potential double top formation, the market is unpredictable.
Our $40,000 expectation remains unchanged, but before that, there are two highly possible scenarios:
1 - Making a new bottom around the $28,300 level and continuing its path.
2 - Performing a liquidity cleanup between $25,250 and $26,000 and continuing its path.
Whichever of these two scenarios unfolds, it will present a buying opportunity for us.
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time)
On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K.
Entry price below market opening price.(✔️)
M15 imbalance at the potential of the D1 range.(✔️)
Below the First Buyer of Exchange Options.(✔️)
According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️)
input: 26560 (on test/retest)
sl: 26223
tp1: 26898
tp2: 27566