BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-It continued to trade above 30,000 on Thursday as crypto markets remained buoyed by the latest US inflation report, which fell to 5%.
After hitting a low of 29,725.57 on Wednesday, BTC/USD rose to a one-day high of 30,462.48.
The move kept Bitcoin close to its ten-month high of 30,584 during Tuesday's trading session.
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Btcanalysis
Bitcoin Pattern At The Start Of A Catastraphic Down Move!*Disclaimer: Not Financial Advice*
IMPORTANT: By Now We have quadruple bearish RSI divergence and double bearish divergence on Stoch RSI
BTC all time high pattern is repeating right now (purple rectangle) I've talked about it in video - EVEN the divergence are the same.
DXY Broke the descending wedge and is consolidating , with todays news it could surge up which will follow in BTC,SPX,NQ1 sell off
*Strongly Encourage to watch this until the end*
PLEASE consider SUPPORTING Me by Boost,Follow,Comment and Sharing-
Incoming Drop Off on $BTCContinuing to test previous levels without getting a new high, as well as seeing several altcoins topping off & failing to pass resistance. Looking for correction & more collection of the moving averages under the price before continuing higher. Possibly consolidating within the lower portion of this channel and moving up, as marked. Also possible is just an all out flip to the downside of the channel, with it extending further out.
BTC Weekly Update | Will we wait for a good climb ? (LONG)After many struggles, BINANCE:BTCUSDT (Bitcoin) was able to start a green jump with very good candles.
Goals ahead :
** First - 25,000 is a strong resistance.
** Second - If 25,000 is broken and stabilized, it will have the ability to reach 30,000 .
Simple is better than complicated
Maybe This Way ...
BTC IS BULLISHFirst, let's move up the time frame, it can give a retracement of the announcement area and catch the next wave. This scenario is one of the valid scenarios.
Note that the market is bullish, down the market, crypto makers will hardly allow entry, if we experience this correction, it will only be an opportunity to enter.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report.
BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a high of $28,714.22.
The move came as bitcoin bulls were unable to sustain a breakout of a key resistance level of $28,500.
Looking at the chart, this latest drop in price came as the 14-day relative strength index (RSI) dropped below a floor of 58.00.
As of writing this, the index is now tracking at 57.80, with the 10-day (red) moving average nearing a downward cross with its 25-day (blue) counterpart.
Should sentiment remain bearish, there is a strong possibility that BTC will fall to a floor at $27,000.
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In Short Term BTC is BullishIn our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now . Next week, we'll update this chart again.
BTC Long 1Hr Analysis The price will likely go around 28620 to test the nearest resistance because of the following reasons:
RSI
Currently, the price is at 37 on RSI so will definitely go to 70 and above thus the price will go upside.
Parallel Ascending Channel
Price is moving in a channel and currently at the support of this channel. we can see a bounce back from this level to the next resistance which is around 28620.
Price at support
Price is on a major support level between 2800 and 27860 and respecting this resistance.
Bullish Engulfing Candle
A bullish engulfing candle is a good sign for the entry near the support so all these indicators and signs are showing a good entry and the exit price is around 28620 which gives the 800 points in BTC.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week consolidating around the $28,000 level, as volatility in crypto markets remained high.
Following a low of $27,607.67 earlier in today’s session, BTC/USD rose to a peak at $28,475.62 as the day progressed.
The move saw bitcoin move closer to a recent resistance level of $28,500, which was broken over the weekend.
The recent price consolidation comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling of 65.00.
As of writing, the index is tracking at 62.00, which is also a key point of support for traders.
Overall, the world’s largest cryptocurrency is now trading 1.46% higher than at the same time last week.
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$BTC/USD 6H Bearish Diamond Future Price ActionIntroduction:
Bitcoin , the world's most popular cryptocurrency, has recently exhibited a bearish diamond formation in its price movement. In this analysis, we will explore the implications of this pattern, the estimated breakdown price, potential long entry points, and the prospects of a correction before a further move to 32k.
Bearish Diamond Formation:
The bearish diamond is a relatively rare chart pattern in technical analysis , formed when the price of an asset expands and contracts within a specific diamond shape. This pattern is considered bearish because it usually signals a trend reversal from an uptrend to a downtrend.
Price Breakdown:
The bearish diamond formation in Bitcoin's price movement indicates that it could potentially break down to an estimated price of 27.2k. This breakdown price is derived from the measurement of the widest part of the diamond, projected downwards from the point of breakout.
Long Entry Points:
Considering the bearish diamond pattern, traders may look for long entry points between 24.2k and 25.8k. This range represents a possible area of price support, as it lies below the estimated breakdown price of 27.2k. Entering at these levels may provide a favorable risk-to-reward ratio, especially if the price rebounds from this range.
Correction and Move to 32k:
Despite the bearish nature of the diamond formation, I believe that Bitcoin is displaying a correction before a further move to 32k. This scenario suggests that the bearish diamond formation could be a temporary setback before a resumption of the uptrend. If this is the case, the price would need to stabilize and reverse from the long entry range of 24.2k-25.8k, followed by a sustained upward movement.
Key Factors to Consider:
For the correction scenario to play out and Bitcoin to reach 32k, several factors should be monitored:
Volume: A significant increase in buying volume could signal a potential trend reversal, supporting the idea of a correction before a move to 32k. Liquidation Volumes and funding rates will impact these volumes as well.
Market Sentiment: Positive news, developments, or a change in market sentiment may contribute to a shift in the price trend.
Technical Indicators: Keep an eye on key technical indicators such as Moving Averages, RSI , and MACD , as they can provide insights into the strength of the trend and possible reversal points.
Conclusion:
The bearish diamond formation in Bitcoin's price movement suggests a possible breakdown to 27.2k, with long entry points between 24.2k and 25.8k. However, some analysts believe this pattern may represent a correction before a move to 32k. To validate this outlook, traders should closely monitor factors such as volume , market sentiment, and technical indicators. As always, it is crucial to manage risk and set appropriate stop-loss levels when trading cryptocurrencies.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rose towards $29,000 on Saturday, as markets continued to react to yesterday’s consumption expenditure (PCE) figures in the United States.
PCE climbed to 0.3% in March, less than the 0.4% markets were expecting, showing that inflation was slowing.
BTC/USD rose to an intraday high of $28,802.46 earlier in today’s session, which comes a day after trading at a low of $27,854.63.
Looking at the chart, the move saw BTC briefly breakout of a long-term resistance level of $28,500.
Earlier gains have since declined, which comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling at 65.00.
As of writing this, the index is now tracking at 63.65, with a floor of 62.00 a possible target for sellers.
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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 ) fell below the $28,000 level on Friday, as markets consolidated ahead of a key day of economic data.
BTC/USD slipped to an intraday low of $27,583.72 in today’s session, which comes a day after the price rose to a high of $28,683.53.
The decline came as traders were unable to sustain a breakout above the $28,500 level, following a nine-month high the day prior.
Overall, it appears that earlier bulls moved to secure gains, as the 14-day relative strength index (RSI) collided with a ceiling at 65.00.
As of writing, the index is tracking at the 60.84 level, which is marginally above a lower floor at 59.00.
BTC is now trading at $27,928.58, however, there will likely be some movement following this afternoon’s data release.
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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 ) moved to its highest point in nine months, despite cryptocurrencies mostly consolidating ahead of the upcoming U.S. GDP report.
Following a low of $28,155.83 on Wednesday, BTC/USD raced to an intraday peak of $29,159.90 earlier in the session.
As a result of this surge in price, bitcoin climbed above the $29,000 level for the first time since June 10.
Looking at the chart, the move came as BTC briefly broke out of resistance at $28,500, with the relative strength index (RSI) moving past a similar threshold.
As of writing, the index is tracking at the 65.27 level, which is marginally above its ceiling of 65.00.
Overall, BTC bulls have moved to secure some of their earlier gains, with the price now trading at $28,582.20.
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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 ) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States.
The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to hike rates marginally.
Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier today.
This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark.
As of writing, the index is tracking at the 64.27 level, marginally below its upcoming ceiling of 65.00.
Earlier gains have slightly eased as BTC edged closer to this point of resistance, with the price now trading at $28,423.03.
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BTC will crash soonHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week trading marginally higher, with prices hovering near the $28,000 level.
Following a bottom at $27,678.15 on Sunday, BTC/USD moved to a high of $28,178.14 earlier in today’s session.
The move saw bitcoin edge toward a recent resistance point at the $28,300 mark, which was last hit on Friday.
Overall, BTC mostly consolidated on Monday, which comes as the 14-day relative strength index (RSI) collided with a ceiling at the 65.00 zone.
As of writing, the index is tracking at the 64.51 level, with the next visible point of support at the 62.00 mark.
Should bulls take price strength below this point, there is a strong possibility that BTC could move below $27,000.
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.
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Bitcoin Dump Signs On Chart Is Insane! Is Today The Crash Day??BTC/4H doing Another Rising Broadening wedge
We made 3 top and each were lower than previous one. the last pump that happen was a liquidity grab.Also On Daily Bitcoin looks very dumpy,H&S could be in play too (mentioned in video)
Keep In mind after the touch we did at 28954 it dumped heavily and then regained it back with a lower high. and the consolidation is inside that red candle and It Formed a BIG Pennant. showing a possibility of a strong dumpage.
There is some Bullish Sign That Ive talked about in video too that could play out and we could visit 31K ( I doubt it though) but worth mentioning it
Thanks for all your support