BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was again in the green on Friday as traders pushed the price closer to the 31,000 mark.
BTC/USD rose to 30,848.46 in today's session, a day after trading at a low of 30,160.59.
The move resulted in Bitcoin reaching its most critical point since June 7, when it hit 31,549.
The Relative Strength Index (RSI) has moved into the overbought zone.
The index is tracking at 72.18, slightly higher than the peak of 72.
If the index moves above the reading of 73.00, there is a high probability that BTC will trade above 31,000.
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Btclong
BTC Flipped Resistance to Support!Furthermore, with Bitcoin now surpassing the HKEX:30 ,600 level and flipping it into a new short-term support, it indicates a potential shift in market sentiment towards bullishness. Traders should closely monitor how the price behaves at this new support level, as it could provide important clues about the strength of the ongoing uptrend.
45-48k Target, by May/July.Thinking echo bubble top plays out similar to previous cycle..
No guarantees of course..
My upside target is 45-48k my may/july this year..
As you can see, fib speed fan 0.75, 0.618 horizontal fib, and 0.75 time based fib all intersect and mark the local top.
The 0.5 is positioned where the bottom formed. The exact amount of time that it took from the 2017 top to the 2018 bottom, is repeated this cycle. 52 weeks.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-It continued to trade above 30,000 on Thursday as crypto markets remained buoyed by the latest US inflation report, which fell to 5%.
After hitting a low of 29,725.57 on Wednesday, BTC/USD rose to a one-day high of 30,462.48.
The move kept Bitcoin close to its ten-month high of 30,584 during Tuesday's trading session.
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Bitcoin in a bull flag.Bitcoin - 24h expiry - We look to Buy a break of 30606 (stop at 29806)
Price action is forming a bullish flag which has a bias to break to the upside.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
30532 has been pivotal.
A break of the recent high at 30532 should result in a further move higher.
Our profit targets will be 32606 and 32906
Resistance: 30532 / 31000 / 31500
Support: 30000 / 29670 / 29000
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Prior to the report, BTC/USD fell to a one-day low of 29,865.20, which comes less than 24 hours after trading at a high of 30509.08.
This comes after a massive jump in price on Tuesday, which saw Bitcoin climb to its highest point in ten months.
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BTC - The moment of Truth, Big move in upcoming 12 days#BTC/USD Chart
I am expecting BTC to make a big move between now and the upcoming 12 days (so 13 sept the latest). Currently BTC is in a falling wedge and the MACD could turn bearish on the 3D if the price continues to fall.
I expect a upmove. Same movement / pattern like the "power of 3"
1. Accumulation (we had this)
2. Manipulation (currently happening)
3. Expansion - big move upside (expected to happen before 13 sept)
If BTC breaks down again, which seems unlikly but all is possible, it will look very bad for the bulls.
💻 Press the "boost"🚀 button if you agree
Bitcoin Pattern At The Start Of A Catastraphic Down Move!*Disclaimer: Not Financial Advice*
IMPORTANT: By Now We have quadruple bearish RSI divergence and double bearish divergence on Stoch RSI
BTC all time high pattern is repeating right now (purple rectangle) I've talked about it in video - EVEN the divergence are the same.
DXY Broke the descending wedge and is consolidating , with todays news it could surge up which will follow in BTC,SPX,NQ1 sell off
*Strongly Encourage to watch this until the end*
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BTC - Pullback , ready for long long position !? #BTCit looks like we 're seeing a pullback BINANCE:BTCUSD .
everything is clearly visible in the chart
MAX Leverage = 5 - 10 (above 5 is a greedy decision!!!)
Max Loss (with leverage 5 ) = ~20%
Max Profit (with leverage 5 ) = 35 - 65%
|--| 70% sell in first target and 30% for next target |--|
always DYOR , Buy and sell with full knowledge of financial markets.
Maybe This Way , Lets See that ...
$btc long | $30k min tpbtc is struggling to break this eq and feels like it's going to hold.
had a similar setup with eth last week, where we refused to drop.
on 12h (posted in comments) we have rsi holding bull side eq and AO has reset.
as much as we wanted the drop, i think this is the safer RR play.
RR at 5.06 to ride to $30k.
BTC Pattern showing Strong Bearish Sentiment More Than Ever!!Two new BTC bearish pattern (one mentioned at the start that will blow your mind)
Bitcoin Exited the Orange parallel channel and is consolidating below the support of the blue parallel channel
Stoch RSI on weekly is at its peak and needs to come down which will follow by heavy sells & Head and shoulder still in play
Dxy doing a descending wedge which is bullish.Ive talked about it in video cause its very important
SPX is in a big bear flag - could rally up and form bearish divergence
Strongly recommended to watch it untill the end.lots of important information and signals
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) There was a move back above the 28000 level on Saturday as the market continued to react to the latest NFP report.
Payrolls came in at 236,000, marginally lower than the 240,000 many were expecting.
After trading at a low of 27814.00 BTC/USD rose to a high of 28159.86 in today's session.
An increase in price comes when the Relative Strength Index (RSI) bounces off its low at 58.00.
The index is tracking at 59.07, which has helped delay the inevitable downward cross with the 10-day (red) moving average and its 25-day (blue) counterpart.
BTC is trading at 28,059.28.
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BTC Weekly Update | Will we wait for a good climb ? (LONG)After many struggles, BINANCE:BTCUSDT (Bitcoin) was able to start a green jump with very good candles.
Goals ahead :
** First - 25,000 is a strong resistance.
** Second - If 25,000 is broken and stabilized, it will have the ability to reach 30,000 .
Simple is better than complicated
Maybe This Way ...
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report.
BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a high of $28,714.22.
The move came as bitcoin bulls were unable to sustain a breakout of a key resistance level of $28,500.
Looking at the chart, this latest drop in price came as the 14-day relative strength index (RSI) dropped below a floor of 58.00.
As of writing this, the index is now tracking at 57.80, with the 10-day (red) moving average nearing a downward cross with its 25-day (blue) counterpart.
Should sentiment remain bearish, there is a strong possibility that BTC will fall to a floor at $27,000.
I have tried to bring the best possible outcome to this chart.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark.
Following a low of $27,979.75 on Tuesday, BTC/USD moved to an intraday high of $28,739.24 earlier in today’s session.
The move saw Bitcoin climb above a recent ceiling of $28,500, hitting a four-day high in the process.
Overall, it appears that the move occurred once the relative strength index (RSI) bounced from a recent floor at 58.
As of writing, the index is tracking at 62.48, with the next visible ceiling of 65.00 as a possible target for bulls.
There is a strong possibility that BTC will be above $29,000 if and when this resistance point is hit.
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BTC Price Action and Behaviour Analysis (Multi timeframes)First of all, let's discuss the 1D time frame. The primary thing to notice here is the bull rally of the BTC. Price is moving upward by making HH and HL as per DOW theory. Price is moving in a parallel ascending channel and respects the lower trend line of the channel.
One thing to notice here is that Price did a fake-out on 10 March by making a LL and then continuing in the previous direction. It was to liquidate the retailers.
Now let's talk about the retracement levels of the BTC. The first bull rally was till 24k and then we saw a retracement to 0.68 fib level. Then we observed the second bull rally up to 25. The time period from one HH to the next HH was 22 days.
After that, we saw the LH which goes to 1.41 fib level. Then the next HH took 32 days to reach the 32k level.
Now the BTC is in a small distribution phase before jumping into the next HH.
1H Analysis and Bisa
Price is testing the parallel ascending channel's support and RSI is around 38. Now the most likely scenario is that it will test 28665 in a day or two. So one can go long from here.
One the bigger picture, the price can go up to 30k than 31k and 32k respectively.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) continued to trade close to a key resistance level on Tuesday, as volatility in the market remained high.
BTC/USD rose to a peak of $28,433.74 earlier in today’s session, which follows up from a low of $27,276.72 on Monday.
As a result of today’s surge, bitcoin moved near its recent price ceiling of $28,500, however, bulls were not able to reach this point.
Looking at the chart, this seems to be because the relative strength index (RSI) continued to hover near a floor of 60.
As of writing, the index is tracking at 61.00, with the next visible ceiling of 65.00 as a possible target for buyers.
Should this level be reached, there is a strong possibility that BTC will be trading above $28,500.
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BTC did it 2 times in its whole history! at least 58K in 2023? Hi dear community and my loyal followers. As you remember I posted earlier if BTC monthly candle closes above 5D GC/ 25.8K/ better above middle line of weekly GC /27.6K/ #BTC downside action will be limited and it will hit min 58K in 2023)) based on 5D GC and 52K based on weekly GC. BTC managed to close monthly candle above 28476 USD which is above 5D GC upper band and middle line of weekly GC. BTC also succeeds holding 200 weekly MA and it is consolidating below 28.5-29.3K main resistance. As soon as it is broken 34-35K will be on the table. I expect BTC to consolidate between 25.2-29.2K for 3-4 weeks and give room for alts to explode. I expect mini alt season in April as soon as Total 2 main resistance is broken/look below/. BTW based on current projection, the most bullish cross in BTC history will occur on May 1 2023. It happened 2 times in its whole history/no false signals/ and it marked officially bull market start. Check that Monthly 8 & 21 EMA bullish cross chart below.
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