BTCBTC is trading in a range of 22400-23200 after giving a strong upside move. Range bound is a good sign as it allows oscillators to cool down on the lower timeframe and make a bigger move next time. Breaking above the range with volume and sustaining above it will take it to 24900 target. Breaking below will call for a retest of 21600.
Btcshort
BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !! Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) moved to a fresh five-month high earlier in the session, as markets reacted to Tesla’s latest quarterly earnings report.
The report, which was released after yesterday’s closing bell, showed that the electric vehicle maker did not sell any of its bitcoin.
Following the news, BTC/USD raced to a high of $23,722.10, hitting its strongest point since August 17 in the process.
Looking at the chart, the move saw BTC once again break out of a ceiling at $23,500, and this comes after colliding with a floor at $22,500.
Earlier gains have somewhat eased, with the 14-day relative strength index (RSI) back in overbought territory.
As of writing, the index is tracking at 80.77, with a support point at 78.00 the next visible target.
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BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC broke the $23.5K resistance in the recent move but could not close a candle above it. The previous lower higher horizontal resistance is near $25K.
BTC is retesting the descending channel and Ichimoku cloud. A successful retest or a candle above the marked horizontal resistance would confirm the move toward $30K. This will also confirm the continuation of the market boom.
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BTC TO 24K Today ? Here's a possibility in my eyes that could happen today!
BTC is in an upward wedge coming up to a very important zone. THE 24k Zone. BTC must hold the current support LVL of 22990-23100 IF it wants to continue to the upside.
If we hold this area we could see BTC go up and test the 23985- 24304 LVL
ON THE FLIP SIDE
If we lose this current LVL of support we will most likely go back down and test the 21100-21500 LVLS
BTC 4 HOUR CHART SHORT Here is My Opinion on a short scenario for BTC On the 4-Hour CHart.
BTC Is having a really tough time breaking the 23000 $ LVL ANd COULD Potentially Go Back down to restest some lower LVLS
These might be the 22360 , 21500 , EVEN the 20200 - 19102$ LVLS .
Good Luck out there folks :)
LOVE LOVE
BTC at the edge of SURPRISEthere's simultaneously two different situations in way:
1- a strong resistance (red line) that might lead to a big drop
2- a very unstable area with no previous trading volume that might lead to a spike
it's too risky to open short positions with no stop loss or with high margin
BULLRUN WITH BTC?Hello!
Bullshort is here!
After a strong rally, sellers put strong pressure on the 22-23k level and held the price. Buyers failed to pass asks limits and the price went into lateral consolidation. The zones are all shown, I think there is no need to explain their meaning.
It is important to note that the open interest of short positions is very low, which may be a reason for a correction to 21-19.5k.
Market capitalization is kept at the level of +-1 trillion. and the market is waiting for something. I am waiting for a correction from the level of 24500-25000, this would be a healthy price adjustment. I do not rule out a fall from the current zones, because. pressure is observed on the 1h graph.
It is also important to note that during the growth, a lot of btc was poured into altcoins…
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BITCOIN DOMINANCE UPDATE BY CRYPTO.SANDERS !!Hello, welcome to this BITCOIN dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC DOMINANCE A small update on BTC dominance that is pumping up BTC. usdt.d similarly dumping btc dominance which is forcing btc peers to dump older coins btc has created support by breaking the local resistance zone next target of btc dominance may go from 47% to 49% this strong resistance level btc is from here dominance job will be rejected in bottom trade so btc altcoin is going to give very good rally so we will do some update by entering btc pair coin and spot it. thanks for reading my update
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BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K.
The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market.
In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level.
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BTCUSDT Pumped - Time to look for reversal patternsAs the euphoria of a potential bull run coming in, we must continue to look out for any potential reversal patterns and play both sides of the coin - either Long or Short.
With the recent pump from the lower trendline, we can see that an ascending wedge has formed with the Higher Highs (HH) and Higher Lows (HL) plotted on the chart. Both resistance and support trendlines are well respected.
We are now currently touching the upper trendline and we expect through the weekend some volatility before touching the bottom trendline again.
Breakout of the ascending wedge towards the bottom will definitely spark fear to the market and we will likely head to a newer low. A catalyst will be needed for this which is expected in the coming days/week.
Note: This isnt a trade setup but more of a pattern sharing.
BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) consolidated for a third straight day, as traders continued to secure gains from Saturday when prices rose to a five-month high.
Despite consolidating, BTC/USD remained above $23,000 for most of today’s session, hitting a high of $23,134.01 in the process.
This comes less than 24 hours after it was trading at a low of $22,654.30, which is near short-term support at $22,500.
Looking at the chart, BTC is currently trading at $22,913.54, and this comes as the 14-day relative strength index (RSI) neared a ceiling of 86.00.
At the time of writing, the index is tracking at a level of 85.09, with a floor of 80.00 another possible destination for traders.
The 10-day (red) moving average has also begun to show signs of peaking, which could lead to a sudden shift in momentum.
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BITCOIN WEEKLY UPDATE !!Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
The current short-term resistance is near the $23,500 level. A retest above the descending trendline or making a higher low could also be a possible scenario.
A solid breakout above $23,500 or a successful retest of the descending trendline will confirm the continuation of the market's bullish momentum.
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Will BTC repeat this identical pattern as it did in 2015? Hi dear community and my loyal followers.
Let me bring your attention to this important historical data.
As you know I told many times that 2021-2022 bear market look like more likely to 2015 than 2019 taking into account many factors)).
That's why in this analysis I'm comparing 2021-2022 bear cycle with 2015.
Look at price action bellow 5D gaussian channel, do you see the identical move of the price from 1-7 steps?
In 2015 when price approached to mid point of Gaussian channel and range high(#6) it dumped making 2d bottom(#7) , So I expect the same move to be happen now. Price is approaching to mid point of Gaussian channel(#6) and more likely will retrace to 19K+- making double or even triple bottom counting 17.5, 15.5 and potential 19K+- lows. (#7). BTW when price reaches 24.5-25K it will be weekly 50 and 200 EMA also multi-months diagonal resistance. /I will post it a little bit later on regular chart.
I also expect such kind of move coz a lot of moon-boys turned bullish and opened long positions at 22.5K and expect 28K+ prices. ))
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