Btcshort
BTC weekly updateFor now, we have an obvious range to trade with. You can notice range high deviation, it means price took buy side liquidity, and the next target would be sell side liquidity that resting just below range low. My game plan will be to find local short with range low target and after range low deviation will occur the best condition to find long.
Not a financial recommendation.
Have a good profit!
BTC SHORT UPDATE 2Currently out of my BTC short. Managed to close it in profit but since indicators are oversold already I'd say that we may see this wyckoff accumulation pattern playing out. Would also make sense if we would combine it with the missing 5th wave. Pretty easy to adjust You gameplan if You consider this scenario. Gonna enter short as high as possible. Ideally after we'll breach the Resistance line.
BTC - wave 5 to chinadownton We will see if this cycle ends with a nice dump, it would all depends on the euphoria on the markets. Wave 5 can always exceed the 618 fib ext level.
we might have a lower low like in 2015 (pic attached), based on prev history it repeated the rejection from the middle section of the GC , like we did few days back (second pic attached)
have a great weekend!
BTC consolidation confirmed !every detail is on the chart. the only viable behavior is the one depicted on the chart. any other pump or dump is out of prediction.
note that in many altcoins, we are in a Fibonacci support area, so be careful with short positions before breaking those spots. however totally the market is bearish and you should give more credit to your short positions.
the first spot for great support is 19K to 20K. use less short positions as you get closer to this area.
please feel free to leave comments and questions below.
BTC/USDT 3DAY UPDATE BY CRYPTOSANDERSHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC finally made a bullish candle after successfully retesting above the falling wedge, MA 50, and the Ichimoku cloud.
This is a sign of a bullish momentum back in the market as the CME gap has also been filled.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rose back above $20,000 on Saturday, despite overall volatility in financial markets being at historic highs.
This comes as the Federal Deposit Insurance Corporation (FDIC) confirmed it was shutting down Silicon Valley Bank.
Despite this, BTC/USD raced to an intraday high of $20,792.53, less than 24 hours after trading at a low of $19,628.25.
Overall, today’s marginal rally in price comes as the 14-day relative strength index (RSI) found a floor at the 27.00 level.
At the time of writing, the index is tracking at 28.46, with bitcoin at $20,279.45, as earlier gains have eased.
Market volatility will likely remain higher in the coming days, leading to bitcoin moving above and below $20,000 throughout the weekend.
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.
Thank you.
Bitcoin CAN HAVE A BIG DROPHi, 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
BTCUSD Sell IdeaAfter a big rejection of Resistance on a daily and weekly level, based on S&R and Fib Retracement it can be concluded that we will see a retest of support following a bullish beginning to 2023. Let me know if you agree or disagree, and if you like this idea please like and follow to get more ideas from MayTrade.
Retracing A Month UpSide Rally In 2 Days ! Top Longers in shamblUnfortunately Today I couldnt upload a video , it kept failing ONLY on this platform!
Bitcoin\4H Had A Capitulation Candle Down (-10%) and will continue to go down after a consolidation
After slow bleeding for 2 days BTC finally did what it suppose to do and legged down 10% and caught every hasbullah off guard resulting in Hasbullas getting liquidated left n right
We Also filled the gap (20500 to 20k) AS PREDICTED ,Now this dump is just the begining of a bigger dump thats comin maybe with todays news (18.4) then consolidates there or pushes backup to 19.5 and hold there.
If you look at 4H candles u see they are getting smaller in size and volume is dropping showing Bears are taking the thumb off the sell button and giving some room for retracement following in another fake bull move maybe ~20800 which eventually end in more sell.
On 15Min chart we are doing another Parallel channel but it could change as its low time frame pattern
Liquidity to upside around 22.8 is 4M around 23.7 is 11M
BITCOIN HEADED FOR 10k?!As mentioned in my previous idea, BTC has been in a bear set up. The recent rally to 25k saw the price testing the top of the channel which has been rejected as expected. I simply could not find enough bullish sentiment to expect the price to break up out of this channel and start a a new bull run, even if many others were convinced otherwise. At this moment BTC is forming a massive bear flag, which indicates a breakdown to 10k or below is very likely in the coming months. Of course this is merely speculation, anyone telling you they know the exact future direction of the market with a 100% certainty is lying to you. As always, this is not financial advice or a trading signal. DYR!
#Bitcoin - thoughts out loud #1.Good afternoon, dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
In the New Year, we see positive dynamics, but this is not enough to index this movement as "successful". Therefore, in order to update local highs, we have to go even lower to gain positions at more favorable prices for ourselves (price range 15555-16666). Scenarios of possible development of the situation №1,№2 are relevant, but the market will settle everything by itself.
If we consider the picture on the smaller time frames for a more detailed assessment of the market strength.
Dear colleagues, on the 4H time frame, we see how the price was artificially held by professional operators. Pay attention to the first two processes (marked with a circle), we have a great volume, a great result in relation to each other, but the progress does not suit us, okay, we can ignore the progress.
We go further and on the 3rd process there is a sign of local force on increased volumes, everything suits us perfectly. And the fourth, extreme situation (blue rectangle) highlighted bars and volumes, the question is why we observe an abnormal volume on the narrowing spread?
My assessment of this situation is "WEAKNESS" but on the news background we can observe a false breakout of the highs and further depreciation of the instrument.
Thank you all for your attention, I wish you success, and remember:
Sometimes you win/sometimes you learn.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell for a fourth straight session on Thursday, as markets reacted to news that Silvergate Bank will be liquidating its operations.
Following a high of $22,198.90 on Wednesday, BTC/USD slipped to an intraday low of $21,609.99 earlier today.
The decline in price pushed bitcoin to its lowest point since February 13, when it traded at the bottom of $21,366.
Looking at the chart, this latest sell-off coincided with the 14-day relative strength index (RSI) falling to its lowest point since November 28.
As of writing, the index is tracking at 36.86, which is marginally below its support point of 37.00.
Despite this, BTC remains above its own floor at $21,700, and should this zone hold steady, there is a chance prices could rebound heading into the weekend.
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.
Thank you.
btc tp1 still 21.5 channel eqlocal wave b appears to be completed. looking for the move back to $21.5. might push up for a swing wave b of wave 2. will likely cut shorts there and wait.
bulls have been clamoring, which is what you expect at wave 1 tops. should continue throughout wave 2.
still expecting full wave 2 completion around $19.2.
bearish bias undeterred.