BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States.
The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to hike rates marginally.
Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier today.
This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark.
As of writing, the index is tracking at the 64.27 level, marginally below its upcoming ceiling of 65.00.
Earlier gains have slightly eased as BTC edged closer to this point of resistance, with the price now trading at $28,423.03.
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Btcshort
Hanging Man candlestick in 4 hour time frame. Hello all,
We can see a hanging man candle in 4-hour time frame. It is a sign of reversal. As this is a red candle price might drop up till 27000.
it is a 4-hour chart so it might take some time.
It is also possible that price might reach 29k and than back to 27k because in smaller timeframes price may rise however overall it seems bearish.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell below $27,000 in today’s session, as markets reacted to the news that the CFTC had filed a lawsuit against Binance.
BTC/USD fell to an intraday low of $26,606.69 on the news, which comes a day after trading at a peak of $27,979.07.
As a result of today’s sell-off, the world’s largest cryptocurrency fell to its lowest level since March 17.
Looking at the chart, this drop comes after a recent floor at the $27,100 mark was broken, which coincided with the relative strength index (RSI) also experiencing a breakout.
As of writing, the index is now tracking at the 58.51 level, which is marginally below its support at 60.00.
Overall, bulls have somewhat reentered the market, and as of writing, bitcoin is trading at $27,126.85.
I have tried to bring the best possible outcome to this chart.
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Bitcoin looks to be forming a top.Bitcoin - 24h expiry - We look to Sell a break of 26448 (stop at 27458)
Price action looks to be forming a top.
Short term MACD has turned negative.
A break of the recent low at 26473 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The bias is to break to the downside.
Our profit targets will be 24008 and 23508
Resistance: 27200 / 28000 / 28850
Support: 26500 / 26000 / 25000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week trading marginally higher, with prices hovering near the $28,000 level.
Following a bottom at $27,678.15 on Sunday, BTC/USD moved to a high of $28,178.14 earlier in today’s session.
The move saw bitcoin edge toward a recent resistance point at the $28,300 mark, which was last hit on Friday.
Overall, BTC mostly consolidated on Monday, which comes as the 14-day relative strength index (RSI) collided with a ceiling at the 65.00 zone.
As of writing, the index is tracking at the 64.51 level, with the next visible point of support at the 62.00 mark.
Should bulls take price strength below this point, there is a strong possibility that BTC could move below $27,000.
I have tried to bring the best possible outcome to this chart.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USD 4-hour update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) looking at Bitcoin’s recent price action, it can be seen that the intense bullish momentum has weakened while a confluence takes place between the Bitcoin bulls and bears at this specific price region.
Considering the psychological strength of the $30K price level, the most probable scenario for Bitcoin in the mid-term is to consolidate in a static range between $25K and $30K.
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#BTC Inside Rising ChannelBitcoin In Hourly timeframe is moving inside the rising channel (Bearish Pattern)
If we look in the past a lot of volume where between $29K - $31K that can react like strong resistance at this point!
Im expecting price to break channel down after touching Resistance and retest the support zone
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the weekend consolidating below the $28,000 mark, as market volatility eased on Saturday.
Following a high of $28,208.21 on Friday, BTC/USD moved to an intraday low of $27,039.27 earlier today.
As a result of the move, bitcoin collided with a floor at the $27,050 level, however, bulls have rejected a breakout below this point.
Today’s sell-off occurred as the relative strength index (RSI) fell below its own floor, at the 65.00 mark.
the index is now 62.75, with the next visible support point at the 60.00 mark.
Overall, BTC has rebounded from earlier lows, and at the time of writing, is trading at $27,655.15.
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.
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BTCUSD breakout trading for beginners "2"Hello all
The second chapter of trading ranges 4 beginners.
Look at the price, what's going on? ranging again?... well that is a sweet spot to trade for beginners.
In this case, we have ser 2 pending orders which must be executed once the price breaks the current choppy trend.
This is not financial advice.
Always trade safely with SL.
Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 26497 (stop at 27522)
Broken out of the channel formation to the downside. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A Doji style candle has been posted from the high. A break of the recent low at 26663 should result in a further move lower. Short term MACD has turned negative.
Our profit targets will be 24047 and 23747
Resistance: 27800 / 28400 / 28856
Support: 27200 / 26663 / 26000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
#BTC Fib Circle to find key levels using a corrective move..#BTC at resistance. Still a short in my mind.. a couple of levels above possible target before turning.
Perusing old CMT presentations.. Fib Circles were used by some traders.
Taking the high of first 2021 april peak to 2021 june low
The Fib Levels you choose, retrofit to see if past lows and highs match : 1.618, 2.618, 3.618, 4.618, 5.236, 6, 6.382.
Of Interest the '6' Covid lows, 6.382 Dec 18 Low.
Can these be used to determine future turning points in the market and next Bull Tops?
BTCSHORT fibonacci pattern -fibonacci retracement placement that results in a move to the 3rd white line or the 3 fib which then often serves as it's pivot
-tracking this on a few other fractals that just completed. one had a much lower target but hard to say if i layed the retracement properly due to it's fractal nature and larger
time frames harder to track
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) dropped below $28,000 on Thursday, as markets continued to react to the latest Federal Reserve rate hike.
The Fed moved to increase rates by 25 basis points, whilst signaling that no cuts will be made this year.
BTC/USD fell to an intraday low of $26,760.00 on the news, which comes a day after trading at a peak of $28,803.34.
From the chart, the decline appears to have come as a result of the relative strength index (RSI) failing to break out of a ceiling at 72.00.
As of writing, the index is tracking at 66.54, with the next visible point of support at the 62.00 mark.
Overall, prices are still relatively overbought, which could lead to further bears reentering the market in the coming days.
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.
Bitcoin Cant Hold The Price Up AnymoreBTC\4H Exited The Parallel channel
When FOMC number was annonced we performed a sweep to both sides then we started to dump.
After we hit our target 26.6 as mentioned in previous video we formed a Ascending triangle ( another jebait like 30k) and we exited to the upside from it with low volume which could be counted as retracement.
With Banking situation and credit tightening that is happening , 25bps will have a big impact and most likely we gonna crash ( Ive talked about this more in vid
My Targets are still the same : 25.4 - 23.2
Thank you for watching and all the support - Means A LOT TO ME