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5 Most Powerful Single Candlestick PatternsHello, welcome to this Type of 5 Most Powerful Single Candlestick Patterns I have tried to bring the best possible outcome to this Candlestick Patterns update Type of 5 Candlestick Patterns:- 1) Doji:-Considered to be one of the most important single candlestick patterns, the Doji can give you an insight into the market sentiment. Dojis are said to be formed when the opening price and the closing price of a stock are the same. Since the opening price equals the closing price, these candlesticks virtually have nobody. Here’s an example of a Doji. 2) Dragonfly Doji:-The dragonfly Doji is formed when the opening and closing prices of a stock are at the highest point of the day. The dragonfly Doji has no upper shadow and a long lower shadow. The candlestick pattern looks like this. 3) Gravestone Doji:-It is the direct opposite of the dragonfly Doji. The gravestone Doji is formed when the opening and closing prices of a stock are at the lowest point of the day. The pattern has no lower shadow and a long upper shadow. 4) Spinning top:-Similar to the Doji, the Spinning Top is another single candlestick pattern that reflects indecision and uncertainty in the market. A spinning top is formed when the closing price is close to the opening price. The Spinning Top has a similar structure to the Doji, but with a smaller but distinct body. The pattern looks like this. 5) Hammer:-Hammer is a single candlestick pattern that appears at the upper end of a candle with a short body and a long lower shadow. If the upper shadow of the candle is small then the pattern is still considered a hammer. Here's what the pattern looks like. Hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) rallied above a key resistance level on Wednesday, ahead of tomorrow’s U.S. inflation report. Following a low of $17,226.64 on Tuesday, BTC/USD raced to a peak of $17,493.32 earlier in today’s session. As a result of the move, the world’s largest cryptocurrency climbed to its strongest point since December 15. Looking at the chart, today’s price surge came as the 14-day relative strength index (RSI) broke out of a resistance point at the 60.00 mark. Currently, the index is tracking at 63.80. This comes as BTC continues to hover around its own ceiling at the $17,400 mark. In order to move closer to the $18,000 zone, the RSI will first need to move beyond a ceiling of 64.00 on the RSI. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC & BTC Volatility - Volatility at all time lowNobody is talking about Bitcoin volatility, but everybody is talking about VIX - so here's the chart and please join me for this TED talk on the history of bitcoin volatility index BVOL when compared to BTC. We can argue about how BVOL is calculated and whether or not it's relevant but whatever your opinion may be, you need to focus more on the comparison between the two instead of what they actually are. We do know they're relatives of each other and that's what matters the most. The first significant event I want to discuss is the all time high on BVOL which was right around February 6. This is where BTC created a (temporary) major bottom that lasted through most of 2018. Next - BVOL made a new low. Volatility was extremely low and this was around November 12 leading into a major cliff dive. We all remember this, right? BTC was stuck at around $6400 for what felt like a year, even though it was only a month or two. Next - BVOL had a huge recovery going into November / December and into 2019. BVOL created a significant top around December 14 which happens to be when BTC was around $3200 - do you remember the low? It was around $3100. Who cares about a $100 miss on a long term trade? Only overleveraged degenerates that use high leverage and can't manage a trade. Ok, next.... we had a huge run going into June/July and if you didn't get out, you were WARNED on February 8 when BVOL created a bottom and started moving up. BTC was around $9900 at the time and took a NOSE DIVE into the $4000-$5000 area. Bitcoin was dead back then, remember? But then.... BVOL created a high. A pretty significant one. It started to curl down when BTC was at around $7000. You could have taken that run to $60,000 if it weren't for BVOL creating a significant low around July 27 which put BTC at $11k. BTC did drop a bit... down into around $10k and each time BVOL spiked up, there was a selling opportunity. I try to focus on only the major pivots that are in the extreme territory. I think it's safe to say that BVOL is in extremely low territory seeing that it has never been here before. Each time we've seen an extreme low, we've seen BTC drop. I know, it's hard to think that BTC will drop from here. You're so bullish! Everyone is! Be careful trading with the herd and whatever you do, make sure you have a plan. Have. A. Plan.
BITMEX:BVOLShort
by bitdoctor
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin(BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report. Following a low of $16,928.18 on Sunday, BTC/USD surged to a peak of $17,283.72 earlier in today’s session. The move saw BTC climb to its highest point since December 16, when price was at a high of $17,525. Looking at the chart, today’s high came as the 10-day (red) moving average finally crossed over its 25-day (blue) counterpart. In addition, the 14-day relative strength index (RSI) marginally moved past its current resistance level of 60.00. As of writing, the index is tracking at 60.46, with the following visible ceiling at the 63.00 zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC attempted to break the horizontal red resistance and was able to trade above it. Now it is trading above it again. Here we need a successful retest above the horizontal red resistance to confirm another bullish move. If it continues to decline from here, it will do some correction towards the horizontal support from where we can expect a bounce back. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
2
BTC & ETH Comparison where the rally will stop ?Hello Everyone, Welcome Back, Well We anticipated the region for Ethereum to short around 1350 1370 but now as per the Footprints and Positive Delta, we come to know that Ethereum might stay in this range and try to flip it into support for further continuation towards 1500$ having said that there is high possibilities that BTC might do the same as Ethereum did. So far so good no sign of weakness has been spotted in both charts, so becarefull while you shorting an uptrend patience is the name of the game Disclaimer : All information is only for educational and entertainment purpose , do paper trades only.
Long
by TheHedgerss
2
BTC/USDT 4HOUR UPDATEHello 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 attempted to break the horizontal resistance but couldn't able to give a close above it. Now it is again trading below it. Here we've to wait for a successful breakout above the horizontal resistance to confirm a further bullish move. If it continues to reject from here, it will take some correction toward the horizontal support from where we could expect a bounce back. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
2
BTC/USDT 4HOUR UPDATEHello 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 effectively proceeded with its bullish move after breaking out the cup and handle pattern and successfully retesting above the MA100 support. Presently, it is close to the half-retracement level of the long descending move. This is likewise a previous horizontal resistance level. The bulls are showing strength. We've to wait for a successful breakout above the horizontal resistance, which would confirm the continuation of the bullish move. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin ( BTC ) mostly consolidated on Thursday, as the price failed to break out of the critical level of $17,000 yesterday. Following a high of $16,964.59 on hump day, BTC /USD slipped to an intraday low of $16,789.75 earlier in the session. The drop comes as markets reacted to the latest FOMC minutes, where the Fed has seemingly agreed to maintain interest rate hikes. This comes as the bank expects a more aggressive rise in inflation, forecasting consumer prices to be at 3.5% in 2023, higher than the 3.1% previously expected. Looking at the chart, the decline in price also comes as the 14-day relative strength index ( RSI ) moved below a resistance zone of 51.00. As of writing, the index is now tracking at 49.14 and seems to be moving toward a support level of 46.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) mostly consolidated on Thursday, as the price failed to break out of the critical level of $17,000 yesterday. Following a high of $16,964.59 on hump day, BTC/USD slipped to an intraday low of $16,789.75 earlier in the session. The drop comes as markets reacted to the latest FOMC minutes, where the Fed has seemingly agreed to maintain interest rate hikes. This comes as the bank expects a more aggressive rise in inflation, forecasting consumer prices to be at 3.5% in 2023, higher than the 3.1% previously expected. Looking at the chart, the decline in price also comes as the 14-day relative strength index (RSI) moved below a resistance zone of 51.00. As of writing, the index is now tracking at 49.14 and seems to be moving toward a support level of 46.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USDT 8HOUR UPDATE BY CRYPTO SANDERSHello 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 is going up level by level. Recently it breakout the cup and handle pattern after hunting stops below the local support. It is rejected from the range high resistance, and now it is trading over the horizontal support, where MA 100 is also acting as support. A further bullish move is normal if it effectively retests the horizontal support and breakout the range high with a stable volume. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
BTC/USDT 2HOUR UPDATEHello 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:- The price is still consolidating in a handle. The wicks are showing uncertainty between bulls and bears in between the local support and horizontal resistance. Here we've to sit tight for a successful breakout of the horizontal resistance, which will confirm an upward direction in it. As BTC is trading level by level, if it effectively breakdown the local support, then a range play is expected between the mid-range and local support. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
11
BTC/USDT 4HOUR UPDATEHello 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 bounced from the local support after a successful retest but got rejected after hunting stops above horizontal resistance and MA 200. It has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is consolidating in a shape of a handle. A solid breakout of the horizontal resistance would be a bullish continuation sign in it, and the invalidation of the handle is a breakdown of the local support with a retest below it. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
BTC/USDT 1HOUR UPDATE:-Hello, welcome to this BTC /USDT chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-hello traders welcome to btc 1hr update btc is trading inside the parallel channel if btc downside breakdown the parallel channel we can still see btc $16600 to $16400 today and if btc breakouts the parallel channel today we can see a new high in btc stay connected with us for such updates thank you. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563