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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell. Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June. BTC/USD hit a peak at 30,737.33 earlier in the day. This is the strongest point that Bitcoin has hit since April 14, when the price reached a top at 31,050. Another major catalyst for the move was a crossover of moving averages (MA), with the 10-day (red) MA, moving above its 25-day (blue) counterpart. the relative strength index (RSI) has also marginally broken out of a ceiling at 70.00 and is now tracking at 70.88. 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. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
3
Bitcoin Pullback Targets – Take IITLDR: This Idea is for those that want to increase position size or to enter long. Currently it is not sure we will get a retrace. This Idea is to prepare myself (and you, if you’re interested) in case we get a pull back. I listed my pullback targets with what confluence I could find. Please read my previous Ideas (linked) because they provide context. Pullback Targets: • 0.236: If you intend to place a limit order your SL should be wide, at least IMO. Let me just add that Bitcoin is overheated, and I am not confident that such a shallow pullback is healthy for further continuation. • 0.382: Confluence with the ChoCh and just above the Fixed Range PoC. The 28.5K is a historic support/resistance level. I think that if Bitcoin does pullback, it will find support at this level. • 0.5: Deep, but healthy correction. Just below the range PoC and close to the support trendline. • 0.618: Relatively deep pullback. If we get that low, we will be touching the uptrend support line and just above the demand area. Medium confidence, IMO. We’ll have to see if it holds. f we examine the impulse of March 11th -17th. It was a relentless uptrend with no stops to onboard sidelined traders. The first impulse coming off of the bear market was the same. Check my linked idea for more context. Trade Idea: Entry: 28347 (0.382 fib) SL: 27427 (below the 0.5 fib) Target: 39K TP: 31K, 33K, let the rest ride. NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
BTC - NeutralWhat an incredible move. Looks to be legit demand, doesnt appear to be shorts getting blown out of the water. At resistance currently, definitely not a buy area, but this is strength that i wouldnt fade. Originally i said once we break 27.2 we would range until end of July. However, etf news and big money entering the space has catapulted us to the top of the range. Im in wait and see mode. Bags have been packed from 16k - 25k for some time now. Flip 31k and it gets interesting. Expecting consolidation here is reasonable.
COINBASE:BTCUSD
by RobsPlan
BTC Retracement Long Trade (1D TF) Based on the current trend, we are gradually approaching the midpoint, which seems to present a favorable opportunity for entering a long trade towards the resistance zone. It is worth noting that we haven't witnessed a retest of the midpoint as support yet, indicating potential buying interest in that area. By positioning our entry just below the midpoint, we can potentially avoid any false breakdowns and minimize the risk of stop hunting
Long
by MoneyBagTrading
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin rose to a two-week high on Tuesday, as bullish sentiment made a gradual return to the marketplace. Following a low of 26,338.54 to start the week, BTC/USD rose to an intraday high of 27,147.47 on Tuesday. bitcoin rose to its strongest point since June 7, when it peaked at 27,402. it appears that today’s rally coincided with the relative strength index (RSI) also breaking out of a ceiling of its own at the 50.00 mark. Price strength now stands at 51.71 with the next visible resistance level at 57.00. In the event bulls are able to send the index to this point, there is a good chance that BTC will be above 28,500. 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. Thank you
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also rebounded strongly to start the weekend, days after falling to a three-month low Following a low of 1,653.17 on Friday, ETH/USD raced to an intraday peak at the 1,766.76 level earlier today. ETH fell to a bottom at 1,620 on Thursday, which was the weakest point that the price had hit since March 13. a breakout of the RSI was one of the triggers of the move, with price strength climbing past a ceiling of 41.00. The index is currently at a reading of 43.79, with the next resistance level at the 50.00 mark. 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. Thank you
by CryptoSanders9563
3
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price. BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36. The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820. Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00. the index is tracking at 50.55, which is close to a new resistance at the 51.00 level. Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this weekend. 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. Thank you
by CryptoSanders9563
2
48K is to come until the November :)Good part of the day, dear TW community. I'm sharing my view on BTC for the rest of the year. Yeah, I'm bullish. There are some fundamental and technical perspectives on it, but mostly technical. 1. So, BTC has broke the falling wedge which has lasted since 2021 November. 2. Retested successfully the breakthrough in 2023 January. 3. Making a correction above 0.618 Fibonacci level started from 2023 January. 4. Making a correction above RSI 50 (see weekly RSI). 5. News about Blackrock filing it as a currency. Yeah, most had called me somehow utopic analyst when I published BTC to go down to 20K in 2022 January, however, time showed us that it was not a lie. And right now I'm making my second "utopic analysis" on BTC. It's cyclic, you know, BTC has cycles and it lasts almost 4 years. From 2022 December we have entered in a new bull cycle which lasts until 2025. And the target for this cycle is between 350K-430K. Good luck in trades, buddy.
Long
by maximleanke
2
BTC/USD Bullish Cycle (Confluence of 3 patterns)Hi everyone! We have an interesting confluence of patterns on BTC/USD. First, we have a bullish pennant pattern, so we can project the price according with the resistance breakout. Second, there is an ​imbalance zone or price inefficiency that has not yet been mitigated, so the price will probably go to balance this area. Third, the elliot wave pattern coincides in the formation of the fifth wave. So, this confluence of patterns looks interesting. All the best, traders :)
BITSTAMP:BTCUSDLong
by TradingMasteryPro
Sunny Skies for Crypto Market ☀️ Bitcoin and Ether Set to Rise? Sunny conditions are ahead for the global crypto market ☀️, including Bitcoin and Ethereum, in the next 24 hours. This likely means a slightly bullish market with upside potential as investors reenter the market following the US regulator's enforcement actions against major US crypto players earlier this month. 📈🌤️ The trend remains identical for the crypto universe over a one-week horizon. 🚀 Follow us for more insights!
BITSTAMP:BTCUSDLong
by ATTMO
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the 26,000 level. Following a low of 25,686.04 to start the week, BTC/USD raced to a peak of 26,261.14 earlier today. The move saw Bitcoin near a recent resistance level at 26,300, one of the last hurdles stopping bulls from moving toward 27,000 In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken. 47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02. The 10-day (red) moving average will need also to shift course, and divert away from its current downward path. 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. Thank you
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) started the weekend trading below 26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown. The latest domino to fall came from Robinhood, which moved to delist several altcoins from its platform, including Solana and Cardano. BTC/USD fell to an intraday low of 25,502 in the news, a day after the price peaked at 26,770. the latest downturn came as the 14-day relative strength index (RSI) fell toward a floor at 39.00 the index is tracking marginally above this point at 40.06. In addition to this, the 10-day (red) moving average has extended its low cross versus its 25-day (blue) counterpart, putting further emphasis on the current bearish sentiment. 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. Thank you
by CryptoSanders9563
1