BTCUSD ShortBTCUSD looking to complete double top pattern heading towards support at 46830.00. A hammer candlestick formed on the weekly chart at the resistance confirming double top pattern. Price looks to be pushing up to retest the neckline, look for sells around 60750 and take profit at 50000. Good luck
Btcussdt
BTC/USDT WEEKLY AND 1DAY CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-DAY, Weekly update.
On the weekly chart, the price has been rallying consistently since retesting the 200-day moving average and rebounding higher a few months ago.
The price has recently broken the 60K level and is targeting the 69K all-time high. Moreover, according to the inverse Fibonacci retracement, the $100K mark is a target for Bitcoin in the coming weeks. Yet, the continuation of this rally might materialize after a correction in the short term.
the price has broken past several resistance levels in the past few weeks. It has recently broken above the 60K level with momentum, and the next target is the all-time high level of 69K.
The relative strength index (RSI), however, demonstrates a massive overbought signal. This could lead to a correction in the short term, either before making a new all-time high or afterward.
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#BTC breakout this Descending Broadening Wedge!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC(Update)
Bitcoin breakout this Descending Broadening Wedge in 2hr timeframe.
We can expect a good rally from here but IMO never trust BTC in case of a breakout it’s always surprised us.
The majority of Traders/Influencers were Talking about 10k-12k-14k in case BTC did fake out this breakout.
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BTCUSDT |Overview for next week| Short or Long?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends decided to update the bitcoin chart for you, this is the third triangle today))
▫️Locally, we are now in an ascending triangle with a tightening of the upper border.
I think there are several options here:
▫️The first one is if the triangle breaks and we fly to test the $24.700 resistance level
▫️The second option I throw off to test the $22.200-22.500 zone again
▫️The weekend is going smoothly, there is a small correction literally by 300-400 points, I think Monday-Tuesday will start shooting.
could FOMC meeting push the price of bitcoin and other crypto upa few weeks ago i made a post of a possible bitcoin crash that could happen due to CPI number release and TA. here is the post:
as we can see, price dumped hard.
although we have seen a massive dump over the last few days i do think this could change tomorrow, here's why:
interest rate hike:
the fed is expected to raise interest rates by 75 basis points tomorrow which will make markets move.
last time interest rates were raised (may 4th) prices did end up dumping but we could see a reversal start to take place this time around.
TA:
on a TA standpoint things are looking quite bullish! as we can see, last time we had a RSI crossover we did end up dumping and now we are getting another RSI crossover (bullish).
this is on the 4H timeframe so we could see a bit more downside before a huge reversal.
if tomorrows FOMC meeting does not go as planned we could see price drop to 18.8k. if everything goes well, we should see a reversal soon that should send us to 29k. if price starts to form consolidation or divergence i will make a post talking about possible downside.
#BTC/USDT DAILY UPDATE !!Hello, members and welcome to this BTC /USDT quick chart analysis.
Nothing much has changed yet in this daily time frame.
As we can see ash the above-mentioned chart that BTC/USDT still trading still inside and at a lower trend line in support of descending channel pattern.
This is not a piece of financial advice.
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BTC/USDT 4 HOUR ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
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Currently, BTC is still facing these two levels of resistance if we broke those two levels of resistance then we can expect A Bounce up to 45k level.
it may retest the 38.6k level. if it breaks and closes downside this support level then my chart will be invalidate.
EMA'S are acting as a resistance. MACD crossover is showing bullish momentum. It might bounce from here or we've to wait for a sustained breakdown to confirm its s bearish move.
Let's see how the market reacts a few hours.
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BTC/USDT 4 HOURS UPDATE Welcome to this quick update, everyone.
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As I mentioned in my higher time frame chart that if BTC Breaks and closes downside the 42k level then it will drop up to 40k-39k support level. Now broken down is done we have to just wait for 4 -hour candle closing.
What's your thought on this?
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BTC/USDT 1 DAY ANALYSISWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart BTC is rejected from the 38k resistance level and I am predicting that BTC will bounce from the demand zone but for the bull market, BTC needs to break upside to the 40k resistance level.
What's your thought on this?
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BTC BULLISH PATTERN < DIP IS OVER>I would be comfortable longing here with having in mind manipulation that can still happen between 40-38k but i think that is too obvious and btc doesnt go for obvious things. we have similarities with the previous leg up but more consolidation meaning finding the bottom here and propably to a new ATH. Let me know what are your thoughts on this in the comment and what actions are you willing to take.
BTC might break Bearish Cycle Now!We can clearly spot Bullish Divergence on 4H chart RSI plus this is the last area of defence for BTC, breaking below this would be dead zone!
Currently waiting for a closure above last lower low which is 46800 , once we get that , bearish cycle will be broken.
Simple Price Action !
Stay blessed !
BTC: Can We Break Above The DailyGood day to all profit makers!
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- Can we break above the daily?
--If not I think this could be a possible path.
- Consult the chart for more information.
- There are many traders looking for shorts, so be careful
- Note:
- This is just my current idea.
- I am not a financial advisor! and this is not financial advice
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
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