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Btcanalysis

BITCOIN: A CLOSE CALL.Hello traders. BTC has been hovering around $17k for the last 3 days. Things look quite steep as BTC is somehow trying to push upward but is unable to break out. If BTC manages to break above the resistance, it will still need to break above the $17.6k resistance and that will be a bigger challenge for BTC. A rejection, on the other hand, will be nerve-breaking because it could either reject up to $16.5k or even worse $15.5k. As we are a few hours away from the weekly close, all eyes are on the $17.1k resistance level. Let us see whether we will see a breakout or a breakdown. Thank you for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
Next potential movement?!Bitcoin tested the bull flag upper line but was unable to break. We may see some movement on Monday when global markets open. If it closes its candle below the $16,800 support area, we will see a move toward a major support area. We can see some volume by Monday's market opening. A breakout of this range will decide the next potential movement. According to the current probabilities of the CME website, it is more likely that we will face a reduction in the interest rate for the first time in months, which can cause temporary upward movements in the market. As the market opens, we will do some important analysis tomorrow.
by MonoCoinSignal
17
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC rejected from the horizontal resistance after hunting stops above it by a liquidity grab wick. Now, it is in no man's land, and the direction is unclear until it will do a solid breakout. In case of further rejection, there is a possible scenario of creating a higher low above the POC level or above the marked descending trendline. 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
by CryptoSanders9563
BTC/USDT 2HOUR UPDATEHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC bounced with a good volume after doing a breakout of the descending trendline and POC level. The bulls are showing strength and attempting to break horizontal resistance. An effective breakout above it will affirm a push toward $18,200. In case of rejection, a retest of the POC level or of the marked descending trendline could be a potential situation. 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
by CryptoSanders9563
2
Bitcoin Historical Reference Map 2022-2024::This chart is a sifting & filtering of data from the previous cycles. ::This is a reference guide made from time and percentages and general price movement spanning from the inception of Bitcoin until present day. ::This was made to be a useful reference and by no means should this chart be interpreted to be an accurate prediction of price and time (although I do believe it may be pretty damn close). ::If you would like to ask any questions about how the chart was constructed, or what information and details were studied to produce this chart please ask me in the comments and I will be more than happy to explain my thought process/how the percentages and times were calculated ETC. Much of this was compiled using information from the LOG chart, but has been presented here using a LINEAR chart because both charts share particular angles of perspective needed for the bigger picture. Enjoy.
INDEX:BTCUSD
by WillTMoney
8
BITCOIN: STILL UNDER THE RESISTANCE.Hello traders, welcome to the new week BTC update in 4 hours timeframe. After a 4 days sideway move around $16.5k, BTC finally moved downward with the lowest drop at $16k. The current price is trending at $16.3k but is still in danger because the resistance is at $16.5k. I am not pretty sure if BTC can break this resistance level but if it does, It could be a game changer for the market. For now, as it is under the trendline and close to the resistance, it is hard to take any long calls. Let's see how it will end up by the end of the day. Until then trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
6
Unique Update Of BitcoinHello, 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) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000. BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than 24 hours after hitting a peak of $16,594.41. As a result of today’s drop, bitcoin moved to its lowest point since last Tuesday, November 22, when the price was at a low of $15,613. Looking at the chart, Monday’s sell-off intensified once a breakout on the relative strength index (RSI) occurred. The index, which is currently tracking at 36.89, moved below a recent support point of 38.00 and looks to be heading for a lower floor at 35.50. Should price strength reach its perceived destination, This will likely lead to BTC falling below $16,000. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
1