BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:-Bitcoin (BTC) continued to trade close to a key price ceiling on Thursday, ahead of tomorrow’s NFP report.
BTC/USD peaked at 27,875.59 earlier in the day, following a low of 27,339.27 the day before.
The move pushed Bitcoin closer to a recent resistance level of 27,900, however, bulls could not capture this point.
Earlier gains have since faded, which comes as the relative strength index (RSI) encountered some turbulence of its own.
the index is at a reading of 60.21, which is marginally below a ceiling of 63.00
Should this decline continue, price strength could land at a floor of 58.00 in the not-too-distant future.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) climbed marginally higher on Wednesday after the price bounced off a recent support point.
Following a low of 27,216.00 on Tuesday, BTC/USD surged to a peak of 27,632.90 earlier in the day.
The move pushed bitcoin further away from a recent floor of 27,200, and closer to a ceiling at 27,800.
it appears that the rebound comes as the 14-day relative strength index (RSI), bounced from a support level of its own at 58.00.
price strength is now tracking at 60.52, with the next visible point of resistance at 67.00.
Should this upcoming ceiling be broken, then there is a good chance that BTC will re-enter the 28,000 zone.
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BITCOIN 1DAY UPDATE Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) edged below the 28,000 level during today’s session, as traders moved to secure Monday’s gains.
After surging to a peak of 28,494 to start the month of October, BTC/USD slipped to a low of 27,374 earlier in the day.
The decline came after the cryptocurrency climbed to its highest level since August 17, however, this momentum was also its downfall.
This was owing to the fact that Monday’s move pushed the 14-day relative strength index (RSI) above the 70.00 level, and into overbought positions.
price strength is now tracking at 59.93, which is marginally above a support point of 57.00.
In the event that this aforementioned floor is broken, there is a good chance that BTC could slip below $27,000 in the coming days.
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BITCOIN Today Update With Weekly Closing !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) started the month trading above the 28,000 level, as traders came in strong to begin “October.”
27,056.29 on Sunday, BTC/USD rose to a peak of $28,488.74 earlier in today’s session.
This surge pushed Bitcoin to its strongest point since August 17, when the price was trading at a high of 28,751.
the latest rise in momentum comes following a breakout at the 68.00 level on the 14-day relative strength index (RSI).
price strength is tracking at 69.44, which is marginally below a higher ceiling of 70.00.
Should the indicator move beyond this point, BTC will enter overbought territory, which could be a signal to bears to reenter the market.
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BITCOIN UPDATE !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin remained above the 27,000 level on Friday, following a late rise in bullish sentiment towards the end of Thursday’s session.
Following a low of 26,424.95 on Thursday, BTC/USD raced to an intraday high of 27,259.50 earlier in the day.
bitcoin rose to its highest level since September 20, when its price peaked at 27,393.00.
However, earlier gains have since edged lower, mainly due to a collision in the relative strength index (RSI).
the index could not push past a resistance level of 58.00 and has since fallen to a reading of 56.57.
Traders could be awaiting the release of this afternoon’s consumer sentiment report in the United States, prior to deciding their next move.
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Can BTC Bounce From Here? Note the update !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- After strong gains a day earlier, Bitcoin fell marginally on Thursday as crypto markets consolidated.
BTC/USD fell to an intraday low of 26,111.46 less than 24 hours after getting close to a breakout above the 27,000 level.
Overall, it appears that as the market approaches a point of uncertainty, traders have opted for safe profits.
On the 14-day Relative Strength Index (RSI) this area appears to be 51.00.
Strength in price is seen at 49.64 level, Bitcoin is now trading at 26,481.46.
Should the bulls move beyond this point, there is a good chance that the price could move back above 27,000.
I have tried to bring the best possible results in this chart.
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Enjoy my Bitcoin Chart & its Bearish ForecastThose who know my work will recognize that my chart has taken this essential form for over 18 months, with only minor refinements. Hopefully you will challenge my forecast with your tough questions and counter-arguments. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
There are too many details here to discuss, which I will save for future, more detailed posts. For now, you may concentrate on the downside targets and how the price action interacts with the implied forecast as we move forward through time.
On a practical level, this chart is meant to be traded on the 15 minute chart and below, all the way down to 1 second. Whereas the big picture imparts a sense of directional bias, the hyper-granularity of the many intersecting color-coded diagonals reveals precise targets on the lowest time frames suitable for daily scalping in the futures markets.
Speaking of the future, until then, be liquid !!!
BTC SHORT, potential -5000 points, VWAP and MTF MACD
Hello Traders :)
BTC accepts the VWAP extension , closing below creating a Heikin Ashi signal starting potential shorts towards the upper VWAP band. Confirmation of decreases in the form of a multi time frame MACD indicator.
The negation of the scenario will be after the candles close above the band to which BTC showed a reaction a moment ago. After creating a LONG signal by Heikin Ashi above the VWAP line and by generating a LONG signal by the multi timeframe MACD indicator, I consider the scenario closed and SHORTS should be closed.
However, in the situation when the scenario will be implemented positively, you should observe the behavior of BTC at the key points marked on the chart. Value at high VWAP, point of control VWAP and Value at low, these are three points that are potential targets for BTC. After closing the candle below a given point and positively accepting a new point - you can continue short with an open plan for the next target. After the negation of a given point and information from the MACD indicator in the opposite direction, you can close the trade on a given target without expecting further targets.
If you want to learn more about VWAP, check out my guide available on my profile.
Happy trading :)
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today.
BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77.
still remains below yesterday’s peak of 26,786.10 and almost 1,000 away from a recent three-week high.
The decline comes as the 14-day relative strength index (RSI) fell to a one-week low in the last 24 hours, before finding a stable floor.
price strength is tracking at 50.77, which is marginally above the aforementioned support at 50.00.
Should bulls opt to reenter after recent days of consolidation, they will likely target the 56.00 level on the indicator.
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BTC low time frame technical analysis The price 26737$ stands as a resistance to break, where BTC has 200 ema on 4H tf and on Daily TF
Shorts are in Priority right now
We can expect now 2 scenarios.
1. BTC comes to 26000$ price level and bounces from 2D FVG level.
2. BTC breaks below 26000$ price level and continues to dump towards to 25450$, which will be the last support level for BULLs.
If we see the 2nd scenario, in this case Alt coins will blood more.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell for a second consecutive day after the U.S. Federal Reserve interest rate decision.
Following a high of 27,289.77 on Wednesday, BTC/USD dropped to a low of 26,703.77 earlier in today’s session.
The Fed’s decision to pause has led to dollar strength, with USD hitting its most substantial level since April versus the British pound.
As a result of the BTC drop, the 14-day relative strength index (RSI) fell below a support point at the 55.00 level.
Price strength now stands at 52.45, and appears to be heading for a lower floor near the 45.00 region.
Should the index fall to this floor, there is a good chance that Bitcoin could be hovering near 26,000.
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BTC/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started the day trading marginally lower, as markets prepared for the highly anticipated Federal Reserve interest rate decision.
BTC/USD dropped to an intraday low of 26,918.32 on Wednesday, following a peak at 27,488.76 the day prior.
the FOMC will give an economic forecast, which could provide some forward guidance on future policy decisions.
One of the catalysts for the drop in price was the relative strength index (RSI), which fell below a ceiling at the 60.00 mark.
The index is now tracking around the 57.08 level and is moving towards a support point at 55.00.
momentum remains largely bullish, with today’s decline largely due to profit-taking ahead of the Fed announcement.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BTC successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin surged to a multi-week high on Monday, as traders began to anticipate the upcoming Federal Reserve meeting.
BTC/USD rallied to an intraday high of 27,222.98 earlier today, following a low of 26,415.52 the day prior.
bitcoin climbed to its strongest point since August 31, when price peaked at 27,576.
Despite the rise in momentum, bulls may not be satisfied and are likely targeting a ceiling at the 28,000 mark.
Monday’s gain comes as the relative strength index (RSI) jumped past a ceiling of 53.00, and is now residing at 58.25.
A resistance level of 60.00 will likely be the next primary target for bulls in the market.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin remained near a two-week high on Friday, as traders continued to digest the latest US retail sales figures.
Following a low of 26,285.50 on Thursday, BTC/USD rallied to an intraday high of 26,774.62 earlier in today’s session.
This peak saw bitcoin trade at its strongest point since August 31, when the price peaked over the 27,500 mark.
it appears that today’s bullish sentiment comes as the relative strength index (RSI) moved towards a ceiling of 52.00.
price strength is tracking at 51.96, which has led some previous bulls to abandon their positions.
BTC has now retreated to a current level of 26,617.31, however, traders will likely make another run towards 27,000 in the coming days.
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