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Btclong

Unique Update Of Bitcoin Hello, 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) rallied to a one-month high on Tuesday, as markets began to price in a fall in consumer prices in the United States. Following a low of $16,966.59 to start the week, BTC/USD raced to an intraday peak of $17,457.30 earlier in today’s session. This move saw the world’s largest cryptocurrency fly to its strongest point since November 11, when the price was at a high of $17,645. As can be seen from the chart, today’s surge comes as the 14-day relative strength index (RSI) moved beyond a ceiling of its own. The index climbed above a resistance level of 52.00 earlier in the day, and as of writing is tracking at 55.00. Despite this afternoon’s report, we will likely see more volatility on Wednesday, as traders get ready for the upcoming U.S. Federal Reserve rate decision. 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
The case for a BTC Bottom: Have we Already hit "$10K??"The idea here is that price does not really need to go to the 10k-12k region for support because the real valuation is already actually there. BTC, as an asset, is the same percent value of total dollar supply as it was in 2019 when each coin was worth about $10-$12K. In USD terms the 16K to 18K region seems to be a no mans land... which in truth it kind of has been since price has spent so little time in these regions in past bull market crashes and pumps. usually this area is a transition zone. But in terms of real asset valuation (using the total USD monetary supply as a denomination) the price is actually already in a fairly strong support zone that could produce healthy sideways consolidation and support as markets continue to churn in the uncertain 2022-2023 market environment. No matter what... there is still a halving that will happen in 2024 as long as BTC is still running. So yeah. NFA..
Long
by SnarkyPuppy
6
BTC update after CPI data released. Hi dear community and my loyal followers. As you know actual CPI data released 7.1% but had expected 7.3% so both stock and crypto market reacted the news positively and pumped making the market green. If you check my previous analysis about BTC short term update, You can see that I warned you about it, tweeted about new updates how I closed my short position at 16.8K and opened long at the same level. I'm looking at daily timeframe and as you see I expect BTC bullish move towards 21.5-22K if it flips green zone and at the same time OBV breaks the mentioned blue channel and confirms trend strength with volume. When you look at my daily chart you can notice how BTC diagonal support trendline held & how beautiful triple bottom on OBV chart played out very well. If BTC breaks the mentioned green zone 18.5K it will confirm and increase probability that my previous analyses were accurate about BTC bottom and Wyckoff accumulation phase. As you remember I mentioned many times that BTC real bottom was at 17.5K in June and the recent dump from 17.5K to 15.5K was a false breakdown/bear trap/ with double bottom pattern + many bullish divergences like 2021 November top which was a false breakout/ bull trap/ with double top = many bear divergences. At the same time I published Wyckoff accumulation phase and told you that the recent dump from 17.5 to 15.5K was a spring. As you see on the chart I expect red line scenario for coming days. BTC more likely will hit 21.5-22K supply zone and rejects at that area and tests 18-18.5K resistance, then hits upper band of the Wyckoff accumulation zone. If my scenario plays out, it will also confirm the weekly falling wedge breakout and retest posted bellow and my previous analyses. Check bellow other bullish weekly charts and indicators I'm going to update. If you like my ideas and analyses, don't forget to like and follow for further updates. I will appreciate any single follow, like & comment.
Long
by ergal91
6
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the United States. Inflation figures will be released on Tuesday, and are expected to fall to 7.3%, down from 7.7% the month prior. BTC/USD fell to an intraday low of $16,899.39 during Monday’s session, a day after hitting a high of $17,245.64. As seen from the chart, today’s decline saw bitcoin move lower for a fourth straight day, edging closer to a floor of $16,700 in the process. The 14-day relative strength index (RSI), which is currently tracking at 47.42, is also nearing a resistance of its own at 46.00. Depending on tomorrow’s inflation figure we could see BTC move below $16,700, potentially toward the $16,000 mark. 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
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC update. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-. There is a symmetric triangle on the hourly chart and we will see a break in this pattern soon. If BTC breaks the triangle in an upward direction then we see a move toward the $20,000 level. If the price broke the triangle in a downward direction then we see a test of the major support area of $15,000-$15,500. 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
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies continued to trade in the red. BTC/USD slipped to a bottom of $16,750.56 earlier in the day, less than 24 hours after trading at a high of $17,061.48. The move saw the world’s largest cryptocurrency move closer to a recent support point of $16,700. After failing to break out of a ceiling at the 50.00 level earlier in the week, the 14-day relative strength index (RSI) is now tracking at 45.50. Should price strength continue to plummet, the next visible point of support seems to be at the 43.00 mark. Bears in the market will be hoping that this floor is not only hit but broken, which could trigger a move 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
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 successfully bounced after taking some correction and hunting stops below the mid-range and this could be the completion of the corrective wave. Currently, bulls are showing momentum and a move above the previous high of $17,424 with a retest above it, would be the indication of the continuation of bullish impulsive waves. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
2