BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello 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 attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400.
The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back.
We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market.
This is not a piece of financial advice.
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Btcshort
Bitcoin Stalling At Key Resistance... Or Is It The "NEWS?If you've been trading and investing long enough... (For me 25 years)
You know that the 'News' conveniently gets released, to support market moves that have already happened.
Not always, but more often than not.
This news headline today makes me laugh, because we clearly shot up to technical resistance.
People who say TA 'Doesn't Work' also make me laugh, because TA is the visualization of the news being disseminated (Usually before it reaches the public).
That, and the group psychology of the masses, or the 'Composite Man' as Richard Wyckoff originated.
We caught that nice market pump over the past week and a half, and it doesn't take a brain surgeon to see that we're due for a short-term pullback.
Likely then bouncing higher, along with the stronger Weekly cycle.
But of course, it's all about the news and fear surrounding the 'rates and DOJ action'...
Which of course gets priced in almost in real-time, once the bigger players, whales and hedge funds get this information first.
Who else has watched the Netflix show Billions?
"Are you certain?"
"I am not uncertain"
The world of investing...
Bitcoin to turnaround?Bitcoin - 24h expiry - We look to Sell a break of 20199 (stop at 20651)
We are trading at overbought extremes.
The bearish engulfing candle on the daily chart is negative for sentiment.
We look for losses to be extended today.
A break of the recent low at 20236 should result in a further move lower.
Our profit targets will be 19111 and 18711
Resistance: 21000 / 21250 / 21600
Support: 20600 / 20236 / 20000
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BTC IS GOING TO DUMPBitcoin has pumped a lot recently, and so much people is hyping it, saying that the bullrun is coming , this is just the trap.
One thing I learned for 2 years Ive been in crypto is to never do what most people do, bitcoing is going to dump at least 30% and same people that are calling the bullrun now will say that this was unexpected or something like that.
This is pure institutional trading, we filled imbalance, came straight into supply zone which is on 200 EMA to confirm it being valid.
Dont say that I didnt warn you.
Btw I am 16 yrs old, u can listen to me or people who told you to hold at ATH.
BTC/USDT 1Hr LINE CHART UPDATE !!Hello and welcome to this BTC/USDT LINE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-welcome to btc line chat looking at btc line chart it looks like btc is forming a flag pattern inside a parallel channel and the same pattern is forming in btc rsi btc is moving between two trend lines now hopefully BTC may bounce from here thanks to a break out above its own separate trade line or parallel channel
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
#BTC/USDT 2hour update !!Hello 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 breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move.
Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market.
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
BTC Price Analysis SHORT !! ??Hello to all traders out there!
Here's a BTC in a short situation in my personal opinion.
So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL.
If we end up breaking that support we might head on down to test the 19126 LVL.
If that breaks.. we will go down and test the 18795 LVL.
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
Ascending Wedge BTC 1h/2hAn ascending wedge is a bearish chart pattern that forms when prices are trending upwards but with a narrowing range, creating a wedge shape. The pattern indicates that buying pressure is decreasing and that a downward trend may be forthcoming. Traders typically look for a breakdown below the lower trendline of the wedge as a signal to sell or short the security.
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:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area.
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
$BTC BEAR MARKET/RECESSION OUTLOOKMy realistic estimate would be that $BTC continues to rally at least to $25k, possibly even $28-30k as this is likely going to be a strong resistance level, then, if/when Q1-Q2 earnings are awful, it dumps back down IMO to $13.8k. I think the bottom could be as low as ~$10.8k or as high as ~$15k (approx. previous low, double bottom), however, I feel that $13.8k is the most likely between these 3 targets. I would reconsider bearish position if we break above the $28k-$30k level and hold it at support for a monthly close.