Btcshort
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rose back above $27,000 in today’s session, as markets reacted to the Federal Reserve’s decision to pump liquidity into the U.S. economy.
Following a low of $24,624.74 on Thursday, BTC/USD raced to an intraday peak of $27,002.39 earlier in the day.
As a result of the move, bitcoin climbed to its strongest point since June 2022, when the price was above $28,500.
Since this latest rally, the 10-day (red) moving average is now on the verge of an upwards crossover with its 25-day (blue) counterpart, which many see as a sign of a longer-term bull run.
In addition to this, the 14-day relative strength index (RSI) has broken out of a resistance level at 67.00, moving into overbought territory in the process.
At the time of writing, the index is tracking at 70.09, which is the strongest reading for the index since early February.
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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 ) rose back above the $25,000 level in today’s session, as market volatility eased, and the Swiss National Bank moved to prevent a collapse of Credit Suisse.
Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62 earlier in the day.
As a result of the move, bitcoin once again broke out of a key resistance level at the $25,050 zone.
Overall, BTC is now trading 15% higher from the same point last week, with the 14-day relative strength index (RSI) at its strongest point since February 20.
Currently, the index is tracking at 62.54, which is marginally below a resistance point at the 65.00 mark.
This ceiling remains the main obstacle preventing bitcoin bulls from surging back towards a recent high above $26,000.
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BTC SHORT ideaAfter a strong bull run, price slowed down, and I expect to see a pullback. I marked out range with low deviation, the best short setups you can find after range high liquidity sweep and fill imbalance (orange box). After range high deviation, there is a high probability to see price trade lower into daily breaker with imbalance in confluence.
Not a financial recommendation.
Thank you for support this idea, have a good profit!
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell from a nine-month high on Wednesday, following yesterday’s post-U.S.-inflation-report rally.
BTC/USD is trading at $24,858.50 at the time of writing, hours after prices surged to a peak of $26,514.72.
Tuesday’s peak saw the world’s largest cryptocurrency hit its most vital point since June 13, when BTC was above $26,600.
Earlier gains have since fallen, which comes as a result of the 14-day relative strength index (RSI) nearing a ceiling of 65.00
Currently, the index is tracking at 63.07, however, overall momentum remains higher, with the 10-day (red) moving average trending upwards.
Should the ceiling of 65.00 be eventually broken, bulls will likely push BTC to a higher resistance level at $28,000.
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BTC - Liquidity SweepBTC has completed the LIQUIDITY SWEEP at the 25 200 zone (EQUAL HIGHS). Orders placed above that region have been taken out. I now expect price to drop all the way back to the 17 000 zone (an ORDER BLOCK).
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Price action is KING!!!!
Bitcoin rally to stall at trend of higher highs?Bitcoin - 24h expiry - We look to Sell at 25987 (stop at 26862)
We are trading at overbought extremes.
We look for a temporary move higher.
The trend of higher highs is located at 26000.
Preferred trade is to sell into rallies.
The medium term bias is neutral.
Our profit targets will be 23987 and 23687
Resistance: 24872 / 25200 / 26000
Support: 24000 / 23500 / 23000
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BTC weekly updateFor now, we have an obvious range to trade with. You can notice range high deviation, it means price took buy side liquidity, and the next target would be sell side liquidity that resting just below range low. My game plan will be to find local short with range low target and after range low deviation will occur the best condition to find long.
Not a financial recommendation.
Have a good profit!
BTC SHORT UPDATE 2Currently out of my BTC short. Managed to close it in profit but since indicators are oversold already I'd say that we may see this wyckoff accumulation pattern playing out. Would also make sense if we would combine it with the missing 5th wave. Pretty easy to adjust You gameplan if You consider this scenario. Gonna enter short as high as possible. Ideally after we'll breach the Resistance line.
BTC - wave 5 to chinadownton We will see if this cycle ends with a nice dump, it would all depends on the euphoria on the markets. Wave 5 can always exceed the 618 fib ext level.
we might have a lower low like in 2015 (pic attached), based on prev history it repeated the rejection from the middle section of the GC , like we did few days back (second pic attached)
have a great weekend!
BTC consolidation confirmed !every detail is on the chart. the only viable behavior is the one depicted on the chart. any other pump or dump is out of prediction.
note that in many altcoins, we are in a Fibonacci support area, so be careful with short positions before breaking those spots. however totally the market is bearish and you should give more credit to your short positions.
the first spot for great support is 19K to 20K. use less short positions as you get closer to this area.
please feel free to leave comments and questions below.
BTC/USDT 3DAY UPDATE BY CRYPTOSANDERSHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC finally made a bullish candle after successfully retesting above the falling wedge, MA 50, and the Ichimoku cloud.
This is a sign of a bullish momentum back in the market as the CME gap has also been filled.
This is not a piece of financial advice.
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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 ) rose back above $20,000 on Saturday, despite overall volatility in financial markets being at historic highs.
This comes as the Federal Deposit Insurance Corporation (FDIC) confirmed it was shutting down Silicon Valley Bank.
Despite this, BTC/USD raced to an intraday high of $20,792.53, less than 24 hours after trading at a low of $19,628.25.
Overall, today’s marginal rally in price comes as the 14-day relative strength index (RSI) found a floor at the 27.00 level.
At the time of writing, the index is tracking at 28.46, with bitcoin at $20,279.45, as earlier gains have eased.
Market volatility will likely remain higher in the coming days, leading to bitcoin moving above and below $20,000 throughout the weekend.
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.