BTC ANALYSIS#BTC UPDATE.
#BTC is facing resistance at the 20 SMA on BB band ,if btc closes above the 20SMA the black line is the next major resistance for with blue box as the support on daily.We still do not have a clear btc move ahead as btc seems to be trading in accumulation range but the chances of the flash move are still high.
Btcshort
Bitcoin AnalysisAt This Moment Bitcoin Is In 5th Wave Which Started From 25200
In 5th Wave We Know There Are 5 Subwave 1 & 2 Already Completed, 3rd Subwave Started From 21400, In This 3rd Subwave, There Are Total 5 More Inner Subwave (2 on theme are complete at 18380).
3rd Inner Subwave of 3rd Subwave of 5th wave wave 5 wave aswell - In this chart I am showing you those 5 wave in this chart
I hope this clear for you all
BTC Decending Triangle ConformationIt looks like Bitcoin just get the conformation for Decending Triangle pattern in weekly.
If the price goes down 15.5 k, more drop can be expected. In that case, let's see if the 12-10 k range will hold the Bitcoin or not...
If price can hold up on 15.5 k or go above 18.5k, this formation will not be valid anymore.
This is not a financial advice. This is just a trial.
Where I'm placing my ordersAbove there are 3 entries where I'm willing to add to my short. 1 lot each. Possible correction on US100 and US30 may cause us to move to the upside for a bit but longer term trend is still very bearish. On top of that there is a lot of controversy around BOJ where major threats to financial system may come from
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading just outside the BB and the BB window is about 2%,therefore I do expect a sharp move soon.The next move could be either direction and likely to be huge about 5-10%.Will update son on any new btc info.
I"M going to DCA from 10K downThis brings things back to the basics, but there are a million reasons why I believe this will play out. I posted it all on my TWTTR Account..
Don't overcomplicate things, guys.
BTC next movesHello Birdies,
After a very long a very clean structure and chart.
BTC just broke out of Bearish Descending Triangle and is retesting the base as resistance.
The range of short can be between 17500-17960
But if the driver of the coin decided to rekt peoples short price can jump to 18,600
As usual:
Greens are point of Long
Reds are point of Short
BTC ANALYSIS#BTC UPDATE.
#BTC has been able to hold the blue box support on 4H TF and as soon as btc loses this support we are likely to see btc testing the purple box area .There is some bulish divergence on 4H Tf but since the market is so fishy we can not trust any kind of signals right now however if divergence comes into play we will see some pump in btc price.
BTC in case of bearish scenarioHi, the targets are determined as if downward scenario and supply pressure will be too high.
technically if a bearish momentum will happen, it should be deep and powerful. if not, we will have a gradual upward move towards the PIVOT shown on the chart.
be careful with your assets as we're also in a zone of longterm (holders) accumulation. so these are the final drops and if they won't meet, a great FOMO will occur for you.
BTC Long term Vision! Bulltrap alert!!What Makes Bull Traps Happen? Wishful Thinking
Bull traps can emerge after a market downturn appears to have been exhausted. In the wake of steep declines, there’s often clamoring among investors to grab an early seat for the ride back up, get in at what appears to be a bargain price, and/or pick a bottom.
These initial buying spurts may push prices above certain chart levels, and these “breakouts” can trigger more buying. But such breakouts may actually be false signals, and the price soon resumes a downward path.
So, what is a bull trap? A bull trap fools some traders into thinking a market or an individual stock price is done falling and that it’s a good time to buy. But then it turns out it’s not a good time, because the price soon resumes its descent, catching buyers in a money-losing trap. In many ways, it’s the opposite of a “bear trap,” which can fool traders into selling out too soon in the midst of a bull market.
Here, we can go and print 25k..even 30kish..still I'd say it is going to be a bull trap! I also see the overall market conditions and it doesn't seem good.
Do you agree or disagree?! Comment down below!!
BTC ANALYSIS#BTC UPDATE.
#BTC is currenty trading in ascending triangle on 1H TF and close below to the purple line would agin bring btc to test the 16krange .
👉🏼There are high chances that we are going to see yet another sharp move on 1H TF so be prepared for that also as there could be a flash btc move that could liquidate the positions.
BTCUSDT Are You rdy for SELLHello to all my dear friends, I have done a bitcoin analysis for you.
In this analysis, we want to take the sell of bitcoin, and our entry point will be $16,712, as well as the desired targets, $16,472, $16,097, and $15,591, the loss limit that we have determined. It is 16,788 dollars.
Also, we will enter into this transaction with 50% of the original capital.
Good luck, dear Manouchehr Azar.
BTC ANALYSIS#BTC UPDATE.
#BTC has broken below to the pink resistance box and is likely to test the blue box support area,however in case btc closes above the black trend line then we do have chance to see btc back to the upside move.
Unique Update Of BitcoinHello, 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) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data.
As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of $16,997.54 earlier in the day.
This comes less than a day after prices were nearing a breakout of $18,000, hitting a peak of $17,725.88 in the process.
Looking at the chart, bearish pressure intensified following a breakout of a floor at $17,200, with the price now trading at $17,023.22.
This slight reversal comes as the 14-day relative strength index (RSI) moved close to a support point of 45.00.
The index is currently tracking at the 47.05 level, and should price strength hit the aforementioned floor, BTC could land at $16,800.
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
BTC ANALYSIS#BTC UPDATE.
#BTC has now lost the trend line support and the trend line is acting as the resistance now,the pink area support is crucial as it the double bottom for btc and any move below this pink box area would lead into some more pullback .
The next move will be updated on our website so please do visit.
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC broke the $18.1K mark and $17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward $20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the $20.6K area.
A break above $17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
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
BTC ANALYSIS#BTC UPDATE.
#BTC has now broken below to the pink support area and is now acting as the resistance for btc .As told you in the last btc update if btc loses the black trend line support then we might see btc testing the blue box support area and there could be a high volatile move as well at the trend line support.Enter into any positions after the confirmation.
BTC LONGPrice might get to the support zone for bullish movement to the 18k zone, the is also imbalance at the spot left to fill before the bullish move
BTC ANALYSIS#BTC UPDATE.
#BTC is currently trading at the pink box support area and any close below to the pink box could result in more pullback from here .Keep eyes on the support line as well as if btc loses and close below to the trend line support btc might look to test the blue box support area around 16k level
BTC CAN DROP HARDLYI hope you are fine .
I think we had a FLAT pattern, now wave 3 of C of our FLAT pattern is finished and the expectation is that we will fall to the 14K channel.
Before falling, it may move a little sideways and then fall.
Every position you open, don't forget to manage volume, leverage and set stop
Wave Fusion Called The Short on BTC!Looking at our BTC chart on the 4hr timeframe, we can see Wave Fusion called the short perfectly which also coincided with the top of our upward channel! This was a huge fakeout for a lot of people because initially they thought the FOMC numbers were good but it turned out the FED is still hawkish for 2023 and actually raised their expected numbers (hence the reversal).
Now I'm looking for $17.6k to hold as support. If it doesn't, then I'm looking at $17.3k to be the next major support level since it also coincides with the 200 EMA (pink line). I'm still expecting the top of the channel to act as resistance and if we manage to break above that, then $18.7k is our next target.
If you enjoyed my TA or want to purchase any of my indicators, please leave a comment or send me a PM :)
BTC Remains Higher Ahead of Fed Rate DecisionHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was trading close to the $18,100 level on Wednesday, as markets remained higher following the latest U.S. inflation report.
Following a low of $17,412.19 on Tuesday, BTC/USD surged to a peak of $17,690.09 earlier in today’s session.
As a result of this move, BTC continues to trade close to its highest point since November 9, which is the last time price was above $18,100.
Looking at the chart, this recent rise in momentum came as the 14-day relative strength index (RSI) raced to its highest point since early November.
As of writing, the index is tracking at the 60.00 mark, which is marginally below a key ceiling at the 60.75 mark.
Should bitcoin climb beyond this point, we could see the coin once again move above the $18,100 point.
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
