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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 ) 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. Thank you.
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTCUSD Weekly Timeframe Important Price Action Levels&AnalysisHello, The Bitcoin price chart shows the past and future support and resistance levels that can affect the market sentiment and the price movement. Support levels are areas where the price tends to bounce back from a downward trend, while resistance levels are areas where the price tends to reverse from an upward trend. The chart also shows the supply and demand zones, which are ranges where the buyers and sellers are more active and can cause significant price fluctuations. Currently, the Bitcoin price has managed to break above the resistance level of 26309. This is a bullish sign that indicates an increase in buying pressure and a possible continuation of the uptrend. However, for this breakout to be confirmed, the price has to close above this level on a daily-weekly basis. Otherwise, it could be a false breakout that could lead to a reversal or a consolidation. The next major supply zone is marked by a box on the chart, which indicates a range between 29451 and 32k levels. This zone was previously a demand zone in June-July 2021, where the price bounced back from a sharp drop after accumulation. However, after breaking below this zone in June 2022 , it became a supply zone(base) where the buyers are likely to take profit or enter short positions. Therefore, those who have long positions should consider taking profit here or should move up their stop-loss levels to a decent area in case of protecting some of their profits. Alternatively, they could wait for a clear break above this zone before adding more long positions. Beyond 32k level, another important supply zone is between 37712 and 41266 levels. This zone was previously a strong support level between in August 2021, then in Jan 2022 the same level worked as a support level again but this time it was weaker than before. And between April-May 2022 this level turned into supply base and caused a massive drop(Luna), where the price failed to break above several times before plunging down. The price has not tested this zone since then, so it could act as another obstacle for the bulls if they manage to reach it. Above this zone, there are several resistance zones marked on the chart until the all-time high (ATH) of 68997-69k levels (depending on the exchange). However, there are some experimental resistance levels on the chart as you can see. These levels have not been tested yet by the market, so they should be treated with caution and observed carefully. Thick lines on the chart indicate strong resistance levels that have not been tested by the market and might be difficult to overcome. Thin lines indicate intermediate levels and they are less significant than thick lines. These lines can act as potential targets or entry points for traders depending on their strategies and risk appetite. This analysis is for educational and entertainment purposes only and not an investment advice. Trading cryptocurrencies involves high risk and volatility and may result in substantial losses or gains depending on various factors such as market conditions, news events, technical indicators etc.. Always do your own research before making any trading decisions and never invest more than you can afford to lose. You can also check other analyses I've published earlier from my profile. Have a nice day!
INDEX:BTCUSD
by Stravios
Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 22288 (stop at 22758) A break of the recent low at 22304 should result in a further move lower. 22304 has been pivotal. A move through bespoke support at 22300 and we look for extended losses. We are trading at overbought extremes. A higher correction is expected. Our profit targets will be 21111 and 20811 Resistance: 23119 / 23300 / 23600 Support: 22626 / 22500 / 22300 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.
VANTAGE:BTCUSDShort
by VantageMarkets
BTC Super Guppy's super prediction)) 24-25K then 28-30K or 19KDear community and my lovely followers, this analysis covers my previous one analysis about Gaussian channel and 1-7 step price action in 2015 and 2021-2022 bear markets. So if you read this one, don't miss the previous one as well. They are highly correlated. Pay attention that the same 1-7 price action movement happened bellow weekly super Guppy indicator. In 2015 when Price reached to upper red channel of Supper Guppy(#6) it dumped making double bottom(#7), now Price is approaching to the same red upper band of Supper Guppy which is about 24.5-25K(#6), which is also mid point of 5D gaussian channel(#6) + monthly diagonal resistance, range high+ 200 & 50 weekly EMA. A lot of confluences at the mentioned point . So it is less likely price will break the mentioned level at first attempt, So I expect 2015 scenario to be repeated and dumping to 18.5-19K making #7 movement and Higher Low. If you like my analyses, don't forget to like, share, comment and follow please. I need your support. I appreciate any single follow.
BITSTAMP:BTCUSD
by ergal91
2
Selling BTC Into current swing highs.Bitcoin - 24h expiry - We look to Sell at 16849 (stop at 17051) Daily signals are bearish. 20 1day EMA is at 16788. Trading volume is increasing. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. 16900 continues to hold back the bulls. Our profit targets will be 16343 and 16243 Resistance: 16600 / 16750 / 16850 Support: 16500 / 16420 / 16300 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.
VANTAGE:BTCUSDShort
by VantageMarkets
BTC Forming right shoulder of H&S...headed down to $15,600?BTC keeps getting denied at the centerline of the main downward channel. When the upward channel that's been in play since November 21 intersected with the main downward channel there was a steep breakdown. Now I believe we will finish out the H&S as drawn until we reach the bottom of the upward channel on Thursday. Then there will likely be another dump down to support at $15,600 which is also the 0.128 line that has been major support and resistance in the main downward channel. I think this is really only the beginning of a massive dump until the end of the year. Mercury will be retrograde on December 28 and 6 out of 6 of the last times Mercury has gone retrograde, a major dump has taken place in the 2-3 weeks preceding the exact date of retrograde. We have entered this shadow period now so I think this is only the beginning of several weeks of bears in control. I think we'll see at least $12k before year's end.
Short
by cyberalchemy
1
BTC confirmed the bear flagIn this Bitcoin update can we see that the price confirmed the bear flag but need to confirm the 30k range to confirm a recession as this price range while when the price has confirmed the 25k range would the price be in a free fall period. This free fall line is confirmed by the 200 EMA on the Weekly time frame and if the price, with confirmation, would fall below this line would the price be in a free fall zone. This price range would also act as support in the past but this bearish confirmation is confirmed by the Ichimoku clouds showing bearish signs. Meaning that the price does not have tangible support or resistance more than guestimates and if the price would reach levels like the 20k range and the 10k range.
Short
by vf_investment
3