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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. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
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
CRYPTOCAP:BTC.DShort
by Seems_Legit_Research
BITCOIN More Downside Expected!Happy Monday Traders & Investors As we can see Bitcoin has been ranging within this ascending channel since over a year now. After the double top formation in the 31k to 32k area, and the break of the previous uptrend that I mentioned in my previous post. (), BTC is making it's way back down to the support of the ascending channel. There are two options as a likely path for Bitcoin to reach the 21.5k to 22.5k area. Option A: Bitcoin will bounce from the current support where BTC found support formed by a strong historic support and resistance area and the 38.2% Fib. Retracement Level of the Uptrend from 15.5k to 31.8k. A logical target for that bounce would be the area that Bitcoin has recently broken down from between 28.5k and 29.2k which also lays right between the 100 SMA (green) and the 50 SMA (black) From that area Bitcoin will then likely make it's way down to the target area betwen 21.5k and 22.5k Option B: In this scenario Bitcoin will find downside inmediately after breaching the current support level to the downside abd make it's way down to the target area betwen 21.5k and 22.5k on a more direct path. If Bitcoin finds a bounce in the target area, a strong rally with a price target of at least 35k comes into play, however if the price drops and confirms below 21.5k the price correction could extend towards the area between 20k and 18.5k I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always , A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSDShort
by BitcoinEasyIO
BTCUSD - Too weak to holdIn the weekly Chart I expected BTCUSD to climb. The reason was that the most probable path of price was to the upside. But in the Daily TF, the L-MLH (White) is broken. And the Red down-Forks Centerline is also cracked. According to the rules of the Medianlines/Pitchfork it's a sign that price will trade down to the L-MLH. Any potential buy zones? Yes! If price can manage to jump back into the white Fork, or above the red Centerline, then BTC should head higher was it would be expected in the Trading Framework of the Forks. RSI is oversold too. So at least this could create a (short term?) bounce.
BITSTAMP:BTCUSDShort
by Tr8dingN3rd
1
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. Thank you
Long
by CryptoSanders9563
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. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
📈Bitcoin prediction, 26.5K or 31.5K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, the price will drop to the level of 28,460 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) Bitcoin (BTC) was trading in the red for the majority of the day, as price consolidated prior to the release of U.S. retail sales data. After peaking at 29,660.25 to start the week, BTC/USD fell to a low of 29,272.35 earlier in today’s session. Since moving above 30,000 on August 8, the world’s largest cryptocurrency has mostly trended sideways. One reason for a lack of direction appears to be due to the relative strength index (RSI) tracking between a support and resistance of its own. The index is currently at a reading of 47.57 and has mostly moved between a floor at 47.00, and a ceiling at 49.00 in recent days. For bulls, a breakout above the 49.00 zone will also likely be the straw needed to break the camel’s back. 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
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) gave up recent gains on Thursday, as markets reacted to the latest U.S. inflation report. BTC/USD dropped to an intraday low of 29,376.80 earlier in today’s session, following a peak at 30,093.44 the day prior. The decline sees Bitcoin retreat from its highest level since July 20, when the price peaked at a level of 30,421. One of the reasons for the drop appears to be the 14-day relative strength index (RSI) falling below a recent ceiling of 51.00 the index is now tracking at a reading of 50.51, with a floor of 41.00 the next visible target. In the event that price strength reaches this level, there is a good chance that BTC will fall below the 29,000 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
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) was back in the green on Tuesday, as the cryptocurrency made marginal gains during today’s session. The move came as Paypal announced its USD stablecoin, which will be hosted on the ethereum blockchain. Following the news, CEO Dan Schulman said: “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through Paypal USD.” BTC/USD rose to a peak of 29,402.65 on the news, following a low of 28,724.14 the day prior. Today’s peak sees bitcoin trade at its highest point since last Wednesday when it was above 30,000. Tuesday’s rally has also brought the 10-day (red) moving average to the cusp of an upwards crossover with its 25-day (blue) counterpart. 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
Long
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) continued to hover near the 29,000 level to start the week, as market volatility was mostly muted on Monday. After Sunday’s low at 28,963.83, BTC/USD jumped to a high of 29,166.82 earlier in today’s session. The world’s largest cryptocurrency has mostly been trading between a support level of 28,800 and a resistance of $29,500 for the majority of the last week. the relative strength index (RSI) is also tracking near a floor of its own around the 42.00 mark. In addition to this, the 10-day (red) moving average has begun to flatline following a downtrend, which is a sign of price stagnation. Consolidation could likely continue until Wednesday’s inflation report in the United States. 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
Long
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) dropped to below the 29,000 level on Saturday, as traders continued to digest the latest nonfarm payrolls report. Following a high of 29,302.08 on Friday, BTC/USD slipped to a bottom of 28,885.34 earlier in today’s session. This was the first time since Tuesday that the world’s largest cryptocurrency had fallen below 29,000. Saturday’s decline came as the relative strength index (RSI) moved to a long-term support level of 42.00. The index is currently tracking marginally below this point, as bears attempt to maintain the current downward momentum. However, the price has since consolidated, and as of writing is trading above today’s low, with a current price of 29,022.59. 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
Long
by CryptoSanders9563
What about Bitcoin, where is the price going?The rebound was a necessary measure of the market, as they came to an extreme level of overbought, this situation could be observed on intraday indices. A bearish divergence has formed, the downtrend continues. - The market will go down in steps. I expect a more interesting rebound from the level of 0.5, after which I expect a reversal to form from the level of 0.618. - On the weekly chart, the bearish divergence looks strong and promises a more serious fall in the asset. - Soon I will attach an analysis to this idea with my more in-depth picture of the Bitcoin market. I will show you from which zones I will take spot purchases.
BITSTAMP:BTCUSDShort
by GarateTradeCrypto
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) consolidated around the 29,000 level on Friday, as traders readied themselves for the upcoming U.S. nonfarm payrolls report. BTC/USD rose to an intraday high of 29,375.71 in today’s session, following an earlier low of 29,066.24. Earlier gains have since faded, however, with the world’s largest cryptocurrency now trading at the 29,145.77 mark. The decline comes as the relative strength index (RSI) fell back toward a support point of 42.00. After hitting a ceiling above 51.00 in recent days, price strength is now tracking at a reading of 43.71. There is still optimism that bulls could reenter the market after today’s report, with the 29,500 level as an initial target. 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
Long
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) dropped below the 29,000 zone in today’s session, as bulls appeared to have abandoned their positions following Wednesday’s gains. After peaking at 29,988.00 yesterday, BTC/USD slipped to an intraday low of 28,946.51 earlier in the day. This comes as the bullish sentiment surrounding Microstrategy’s latest BTC investment seems to have already faded. In addition to this, the relative strength index (RSI) failed to move past a key ceiling at 50.00, and has bounded off a floor at 42.00. the index is tracking at 42.79, with BTC climbing back above the 29,000 mark as a result. Price may now consolidate, as traders’ attention turns to Friday’s nonfarm payrolls report. 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
Long
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) moved closer to 30,000 on Wednesday, following news that Microstrategy added 12,333 BTC to its books in Q2. After trading at a low of 28,657.02 on Tuesday, BTC/USD jumped to a high of 29,988.00 earlier in today’s session. This is the highest point that the cryptocurrency has hit since July 24, which is the last time price traded above 30,000. After its filings, Microstrategy CFO Andrew Kang said: “Our bitcoin holdings increased to 152,800 bitcoins as of July 31, 2023, with the addition in the second quarter of 12,333 bitcoins being the largest increase in a single quarter since Q2 2021.” BTC’s 10-day (red) moving average has now started to gradually shift direction, after an extended downtrend. In addition to this, the relative strength index (RSI) has found a firm support point at the 46.00 level, with price strength now tracking at 47.11. 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
Long
by CryptoSanders9563
1