BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell to a three-month low towards the end of Monday’s session, as bears pushed the price below the 25,000 level.
BTC/USD plunged to a bottom at 24,930.30, to start the week, which was its lowest point since June 15.
The world’s largest cryptocurrency has since rebounded, with price peaking at 26,258.05 earlier in the day.
the decline came as the 14-day relative strength index (RSI) briefly moved below support at 35.00.
Bulls have since reentered the markets following the slippage, buying the dip, and pushing price strength to a current reading of 46.50.
The next visible point of resistance appears to be at the 52.00 mark, and should price strength reach this point, BTC will likely be above 26,500.
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Btcshort
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.
I have tried to bring the best possible outcome to this chart.
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Bitcoin in Weekly Timeframe-Super-CycleHello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves.
Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave.
After a full cycle, we expect to correct waves that include 3 waves.
The first and 3rd in bearish and the second wave has Bullish momentum. we called it ABC.
It's really easy to understand.
Based on my analysis, the A wave begins from 69K to 15K
B wave begins from 15k to 32k
And at this time we are in a C wave that includes 5 microwaves.
The A Wave has a special structure. There are 5 microwaves in the A wave. In Bitcoin, the A wave had a stretched wave in the first microwave. And the 3rd one is not the shortest wave.
B could move complicatedly. It's usually moved in 3 microwaves.
The last one is the C wave.
I expect C wave has 5 microwaves. And could create a divergence at the End of the movement that related to a sign to notify us it's time to buy.
Take it Easy!
The C wave began. So, Watch the market.
I told you everything in the analysis about the daily timeframe. Please refer to my pre-analysis and think about that.
Good Luck
Ho3ein.mnD
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Volatility was back in cryptocurrency markets on Friday, as bitcoin (BTC) bulls pushed the price above the 26,000 level.
BTC/USD peaked at 26,414.01 earlier in today’s session, however, this was short-lived, as the price now sits at 25,795.12.
Today’s move was the highest BTC has hit since last Thursday, and came following a breakout of a ceiling at 26,400.
previous bulls seem to have immediately liquidated their positions after the price moved beyond this point.
The relative strength index (RSI) also hit a resistance level of its own at 45.00, before retreating to a current reading of 39.18.
this drop shows that market sentiment remains bearish, despite the slight spark seen earlier in the day.
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BTC ShortHello guys,
I think BTC continue down and sooner or later will get liquidity at 24k.
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1- BTC go up to 26500 (Hunt) then downward to 24k
2- BTC slowly go down without getting some hunt and reach the 24k
If you are high risk trader, you can open SHORT from here. And if You are safe trader like me, then wait for some hunt and then open SHORT position.
BTW always do your own analysis before open any position
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.
I have tried to bring the best possible outcome to this chart.
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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.
I have tried to bring the best possible outcome to this chart.
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Bitcoin (BTC) is bearish, DUMP incomingMy Algorithm flasehed a SHORT Signal couple days ago, usually it takes some time until it collapses then.
We can see BTC forming good bearish behaviour, from this point on in the chart i am SHORT, if we again touch and retrace from the 200EMA i will add to my SHORT position.
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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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 NEW ANALYZE DAILY As you have seen in the previous analysis
Wyckoff's theory happened in Bitcoin and it has experienced a decline in price up to the base of the start of its movement, i.e. the $26,000 range.
Also, it has broken down its daily ascending channel, which is the trend line that the buyers were hoping for
The current mentality regarding Bitcoin is to sell and any increase in the price can be a good opportunity for sellers
Thank you for sharing your opinion with me
"BTC: A Bearish Omen Looms - Could Bitcoin Drop to $20K?"Bitcoin (BTC) has just unveiled a potentially ominous signal - a head and shoulder pattern. This pattern suggests a looming drop in BTC's value, potentially reaching as low as $20,000.
What makes this intriguing is that these technical patterns often await a major negative development in the crypto world before they swing into action. Keep a close eye on the market, as exciting yet unpredictable times could be ahead.
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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Good Time for Trading Bitcoin.It is too early to succumb to emotions, since there are still many stops under the lows. Most likely, this is a short-term trap, but if the price goes out and fixes above the red zones, it will become a more bullish sign.
When the minimum is updated, the fifth wave of the lower order will be placed, after which we can expect a rebound in order to close the gap.
BTC Dominance Showing WeaknessBTC.D (1D)
*BTC dominance was chosen to review due to a high level of manipulation and erratic price movements in crypto*
ALT SEASON?! well, no, now just hold your horses.. and probably your pants. USDT.D is showing strength at the same time (chart will follow)
Price Chart
Firstly and most notably is the recent break of the midpoint (Red Solid) of the double top that also made a lower high; this was also confirmed by the OBV making a similar move. Both OBV and the price chart are showing the beginning of a bounce right on the major trend line (Yellow Solid) while RSI has confirmed the move lower by making a lower high and lower low, as well as, trading below the 50 line; RSI also looks to be trading in a wedge.
What Seems Legit?
Well now don't we just have more mixed signals than the date you took bar hopping during Fleet Week your friend's girlfriend's best friend's neighbor set you up with. Bro git 2 it, duz the beer muny go to BTC or wat? We're saving the beer money for beer, if that answers anything.
Most likely we get a retest of the midpoint, which should align with the OBV and RSI resistance and trend lines respectively. RSI is in a wedge so it's possible it breaks out, but it also needs move past the 50 level to see upward momentum continue. More often than not in crypto, when a midpoint on the OBV gets snapped that's a good indicator of a change in direction; There is another support zone (Green Box) on the OBV that needs to break to confirm this. Coupled with weakness in RSI and other factors such as, boomers aren't buying Bitcoin, Gen Z doesn't have money to buy Bitcoin (staggeringly high amount live pay check to pay check), consumer debt levels are moving through the roof (while interest rates are nice and high), etc.
Chart Key
Yellow Solid = Major Trend Line
Yellow Dotted = Minor Trend Line
Red Solid = Major Support / Resistance
Teal Solid = RSI Falling Wedge
Green Boxes = Supports / Target Areas