BTCUSDT: 20/09/2023: What's next?
Well, the price moved upward after collecting liquidity below 25160.
Now, the price is in a supply zone that can push the price down, but in my perspective price can go higher at first to collect liquidity above the previous high and then to a bearish order block.
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🗓20/09/2023
🔎 DYOR
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Btcusdtdailysignal
BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: As stated, Bitcoin is trapped in a consolidation zone between the $18K support level and the substantial resistance at $25K. Meanwhile, the cryptocurrency has initiated a rally towards the descending wedge’s upper trendline.
However, Bitcoin is forming a potential double-top pattern, a well-known bearish pattern. If the neckline is broken, Bitcoin could experience a fall to the $18K level again. Considering the power of the $20K-$21K range and the formation of this double-top pattern, the price will likely fail to surpass the trendline and plunge towards lower price levels.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE:-BTC again bounced from the 2nd bottom and ascending trendline support that is showing bulls' strength. It is also consolidated in a symmetrical triangle.
MSB (market structure break) level for BTC is $20,400. Here the best play is to play level to level and sit tight for a strong break above MSB level for the bullish affirmation.
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#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 4Hr UPDATE:-
BTC wedge Pattern may bounce off the support line and turn resistance
For now, we can see that BTC could bounce back if it hits support.
I think this is a strong long signal and BTC volume is starting to increase.
I think the price may take a slight bounce off the support line and break it when this strength becomes absolute support.
I see some target areas, the first USDT is 22.1k-22.6k.
And the second target zone is USDT 24.1k-25k.
I don't think the price will move to another target in a day, I think the bounce will be gradual step by step.
So be prepared for such a scenario.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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USDTDOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
as I mentioned in my previous chart that USDT DOMINANCE will move upside till the level of 7.79% and it moved well USDT DOMINANCE is currently trading on a crucial resistance level.
It needs to get rejected from this level for bulls, rejection will again bring green candles in ALT coins, and a break above will end up things again for bulls and it will rally towards the level of upper resistance which is around 8%.
Let’s see how USDT DOMINANCE performers in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
WHAT DO YOU ALL THINK BTC WILL FALL DOWN TO $19K?AS we can see from the above-mentioned chat that BTC fell 14% after printing a bearish fall pattern and now heading towards the price level of $21k.
Break below the price level of $21k will lead BTC towards the retest to its previous ATH which is $19k which BTC never did ever.
Let's see how BTC performed in the upcoming days.
Hello, members welcome to this BTC /USDT quick chart analysis.
This is not a piece of financial advice.
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#BTC/USDT 1HOUR UPDATE BY CRYPTOSANDERS Hello, dear traders welcome you to this BTC/USDT 2hr chart analysis.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#BTC/USDT LONG TRADE SETUP
ENTRY:-$28900,$29300
TARGET:- 1-$30450
2-$31300
3-$32300
4-$34000
STOP LOSS:-$28450
with laverage :-5x to 10x
In the current scenario, the BTC is trading above the green support zone .
Now I am expecting more % down towards the lower support zone area which is also a good buying zone for BTC.
If BTC HOLDS the upper trend line support well then soon we will be able to see a bounce towards the yellow resistance zones at the price level in upcoming weeks which is almost 17% from the bottom level.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello folks, Welcome to BTC/USD 12hr update as we can see here that BTC is creating a double bottom pattern and BTC can bounce from here and move towards the red zone which is $44000 to $45800 it's also a resistance which if BTC breaks then it can go all the way to $51000 TO $53500 level. If BTC breaks the $53500 level then we can say that we are in a bull trend.
This is not a piece of financial advice.
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BTCUSDT ASCENDING CHANNEL -$51K OR $42KBTC/USDT - The start to the current position of bitcoin in the rising channel indicates the price action with bullish patterns formation. Most of these listed patterns that have played out are double bottom and bullish divergence. Presently, the two patterns are in play but the second bottom got rejected at its first trial to break the resistance level($48.1k - $48.5k). Bitcoin seems to be making a pullback to $46.8k(support level), if support fails to hold price is plausible to fall drastically to the indicated spots on chart and if support holds, it's likely we see an uptrend reversal for another trial to break above the resistance level. All info on patterns, price targets and all have been provided on chart so observe well before taking any position.
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BTCUSDT possible target 63300 and 65000last week professionals did profit taking by their long positions. 48700 initial support even suspect break due to fast fall down. 452000 strong support area should hold to maintain bullish trend for longer term. 63300 and 65000 possible target soon, even suspect more bullish if breaks and hold above 65000