BTC UPDATE !After a pullback to the descending trendline of the symmetrical triangle, we can either:
1. Expect a continuation of the uptrend:
Open a long position after breaking the $73,200 resistance level.
Target the $80,000 level.
2. Consider the possibility of a false breakout:
The bulls might be accumulating liquidity before a move down.
Enter a short position in the $69,240 zone (high-risk).
Target the first support level at $66,500.
Target the second support level at $63,800 if the ascending trendline breaks.
Important factors to consider:
Market sentiment and news
Volume and price action
Support and resistance levels
Overall market conditions
Disclaimer: This is not financial advice. Always do your own research and analysis before making any trading decisions.
Btclong
BTC/USDT 4HOUR CHART UPDATE !!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 4-HOUR update.
The link to the previous update is given below, you can check it.
As I told you in the previous update on BTC, if the triangle pattern breaks, after coming back for a retest from here, it may even break its new all-time high.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC VERY LONG.... We needed that quick and steady HODL64k to 67k range held. WE will see the 80k area likely by end of next week.
Without that retest we wouldn't have the security of being able to bounce at a 58k low to continue a trade season in case of a dump.
Smooth riding this April. Please your bet on your fave forgotten alt. Eyes on GRT, ANKR, and REN.
Follow, Boost, and Comment for more Signals.
Best buy levels 69k to 71k range. Swing Trade so careful.
Ask questions, I respond.
-Jasdabunny91
BTC is showing Bullish Pennant Pattern in the 1D time frameBINANCE:BTCUSDT.P
BTC is showing Bullish Pennant Pattern in the 1D time frame and the price may increase between 71k and 73k if support is found from the underlying trendline. brake the trendline below, price can down between 61k and 60k!🌈🍀
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
BTC/USDT 4HOUR 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 4-HOUR update.
Analysis of the 4-hour chart reveals intensified selling pressure as Bitcoin attempted to reclaim the upper boundary of the sideways wedge, corresponding to the crucial 70K resistance.
This resulted in a significant bearish reversal, driving BTC’s price towards the lower trendline of the wedge, approximately at 64K, as anticipated in our last analysis.
Currently, Bitcoin sellers are striving to breach the lower boundary of the sideways wedge. However, if buyers regain control and the price finds support near this crucial level, a bullish rebound towards the 70K mark could ensue.
Conversely, if selling pressure persists and the price breaches the pattern’s lower boundary, an extension of the bearish retracement towards the 62K region becomes increasingly likely.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC Playing Devils Advocate DOWNSIDE AND UPSIDE ANALYSIS (30m) DOWNSIDE AND UPSIDE ANALYSIS FOR BITCOIN
= Recent NEW all time high
- PULL BACK low
- FIB EXTENTIONS on the downside AND upside
- MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS
- DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term)
- UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES
CURRENTLY as of END OF MARCH 2024: btc is supporting off of a 50% pull back between the previous support block that preceded the new All Time High.
The story of how I caught goosebumps [BTC]I found an old post, very interesting author....
who made a post back at where 3 mountains are drawn with the caption "it so begins" and the numbers 45, 76, 8 9 10 11 12 13 if you turn it over and add. The first peak is 54, the second is 67, the third is (if you give these numbers 63, that is, 36), (if according to the alphabet 56 or 65) most likely, the distribution of bitcoin starts with 36,000 per bitcoin.
If you believe this, we are already at the end where the final is taking place. It looks true, but it's all conspiracy theory (I don't know whether to believe this). I simply did not know about this theory until an acquaintance told me that he had seen it somewhere. This was very much in line with my thoughts in this post ( attached ). I got goosebumps then. I will share with my subscribers about this incident (as I find it quite interesting). But you shouldn't believe this because no one knows how it will be.....
BTC/USDT Flag Breakout and Targets 📊
#BTC/USDT Update 📊
It appears that after breaking out of the recent channel, Bitcoin has formed a bullish flag pattern, which has already been breached. This suggests a bullish sentiment. 📈
🎯 1st Target - $73,000
🎯 2nd Target - $77,000
🎯 3rd Target - $79,000
🎯 4th Target - $82,000
Invalidation below $62,000.❌
BTC/USDT4HOUR 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 update.
BTC is currently moving within a symmetrical triangle pattern. Presently, it is consolidating below the trendline resistance. The Ichimoku cloud and the MA 100 are serving as support levels. A decisive breakout of the triangle would confirm bullish momentum, whereas a rejection would suggest further consolidation within the triangle pattern.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC → Bitcoin Back to $38,000? Or to $138,000? Let's Answer.Bitcoin has deviated from its historical price action tendencies and reached new all-time highs before the bitcoin halving and without touching lifetime support! Does that mean we will continue to go up?
How do we trade this? 🤔
Bitcoin is clearly at a crucial moment in the market, breaking beyond the previous $69,500 all-time high and reaching just shy of $74,000. Without surprise, Bitcoin is facing some resistance in this area as the bulls take some profits and the bears lurk waiting for a solid sell candle.
At this stage, we do not have a sell candle to justify a short. My previous analysis called for a 30% pullback or more between the $45,000 and $55,000 area if the proper sell candle and confirmation bars showed themselves, we never received those candles. I am still in the same mindset; be on the lookout for a major pullback, but wait for the proper sell and confirmation to short. Long scalp on the smaller timeframes, 5m or 15m until the price action no longer justifies it.
I believe the more lucrative opportunity will show itself after a major pullback occurs to the $38,000 price area. This area provided great trade volume and has acted as support and resistance several times in the past few years. It's reasonable to believe this will be a solid floor for Bitcoin. The hard lifetime support floor is approximately $25,000 leading into 2025, but I think it's unlikely at this point to see such a pullback. $38,000 is the more likely support level as that should coincide with the Weekly 200EMA later this year/early next year if the price is to fall that far. We also have to consider that the price may not fall below the Weekly 30EMA or come near the Weekly 200EMA and should be looking for a buy signal at any of these support zones.
For now, I would long trade the smaller timeframes and be on the lookout for the sell signal candle on the weekly chart.
💡 Trade Idea 💡
Long Entry: $42,000
🟥 Stop Loss: $25,000
✅ Take Profit #1: $69,000
✅ Take Profit #2: $110,000
⚖️ Risk/Reward Ratio: 1:4
🔑 Key Takeaways 🔑
1. At previous all-time high resistance, not ideal long entry on Daily or Weekly timeframe.
2. Wait for sell signal on Daily or Weekly timeframes to enter a short.
3. Target Weekly 30EMA, 200EMA, and previous high volume area for support.
4. Long at $42,000 after a strong buy signal off of the high volume area, target 1:4 Risk/Reward and take half of the position off the table at $69,000, move stop loss up to entry and swing the latter half of the position to the $110,000 area.
5. RSI is overbought near 85.00 which supports a pullback and hesitation to long.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
BTC is going to 82k easy then we will need to question...Pump it today so we can have an easy green week.
Seems like newbs will be exiting the market at the 63k to 65k levels, and then they will hop back in likely 66, 300 or so (always late)>
Heavy Bet but once your in, its an easy green for about 2 weeks while most have to restrategize.
Let me know your thoughts.
I got eyes on Storj.... that baby is overdue.
Follow for more contrarian wins. I will update as I change position
-jasdacylon91
BTC/USDT 4HOUR 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 update.
It was falling inside the descending channel. Nevertheless, the market has finally broken the higher boundary of the channel and is currently testing the 63K – 65K zone.
If the level is broken, a rise towards previous highs around 74K and beyond would be imminent. Meanwhile, if the price drops back inside the channel, things could worsen as it would signal a false breakout and a fall back to the 60K level in the short term.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC/USDT 1DAY 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 update.
Daily chart, the price is continuously rising after bouncing off the 40K btc level. However, the market recently retreated from the 75K resistance level
The 64K – 66K level is currently being tested, and if the market breaks out again, the bullish trend is likely to continue. However, further losses could lead to a drop to 60K or even lower.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC to the ew ATHs from here??So BTC had a massive correction from the AThs till 60779.88, then from this price we seen a price rejecting from dropping further, this then meant that our extended WXY correction was complete, off which from this price i was expecting a bullish move with my initial entry at 63k,
Then Price rejected going below 63K which confirmed to me that now the correction is indeed complete and now we going up only, off which BTC went up and broke above 65k where if BTC fails to drop below then Im expecting it to continue going up from here, and this is a good price for my 2nd long position which should see us back to the AThs. keep it in mind that below 65k is only liquidity for long orders, so selling is not advisable at all. But otherwise if we drop below this price then expect BTC around 60 to 59K.
With BTC failing to break below 65k, up only. and remember to set your SL according,
The advisable price for a SL is at 63560.00.
Remember as always that this is NFA and trade safu.
$BTC Long Idea Ascending Triangle As the title states CRYPTOCAP:BTC shows a bullish pattern of an ascending triangle. Once we get a break of the shaded rectangle we can look to entry long with our stop just below that area. Looking to ride this into ATH and targeting roughly $75k to $80k.
trade safe!
Bitcoin to 80K ??Straight to it, so we have been in a correction since the ATHs, Correction since 11 march to 17 march,
We have seen a correction cycle extended, resulting to a WXYXZ, now expecting the bull cycle to continue with 67K the entry price for long orders and those accumulating then can buy and HODL, which would see us landing at 80K or above.
NFA as always.
Target = $ 41500Sometimes I add a bit to what I have thought.
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.
2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
Extended Wave 5 = either
61.8% x length of (beginning of Wave 1 to top of Wave 3)
or
= 100% length of (beginning of Wave 1 to top of Wave 3)
or
= 161.8% x length of (beginning of Wave 1 to top of Wave 3)
Lesser degree; Wave (3):
Appendix:
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing## Bitcoin Poised for Surge? RSI Hints at Upswing
Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement.
While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory.
Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions.