BTC IS GOING TO DUMPBitcoin has pumped a lot recently, and so much people is hyping it, saying that the bullrun is coming , this is just the trap.
One thing I learned for 2 years Ive been in crypto is to never do what most people do, bitcoing is going to dump at least 30% and same people that are calling the bullrun now will say that this was unexpected or something like that.
This is pure institutional trading, we filled imbalance, came straight into supply zone which is on 200 EMA to confirm it being valid.
Dont say that I didnt warn you.
Btw I am 16 yrs old, u can listen to me or people who told you to hold at ATH.
Btcshort
BTC/USDT 1Hr LINE CHART UPDATE !!Hello and welcome to this BTC/USDT LINE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-welcome to btc line chat looking at btc line chart it looks like btc is forming a flag pattern inside a parallel channel and the same pattern is forming in btc rsi btc is moving between two trend lines now hopefully BTC may bounce from here thanks to a break out above its own separate trade line or parallel channel
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#BTC/USDT 2hour update !!Hello 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 breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move.
Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market.
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BTC Price Analysis SHORT !! ??Hello to all traders out there!
Here's a BTC in a short situation in my personal opinion.
So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL.
If we end up breaking that support we might head on down to test the 19126 LVL.
If that breaks.. we will go down and test the 18795 LVL.
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
Ascending Wedge BTC 1h/2hAn ascending wedge is a bearish chart pattern that forms when prices are trending upwards but with a narrowing range, creating a wedge shape. The pattern indicates that buying pressure is decreasing and that a downward trend may be forthcoming. Traders typically look for a breakdown below the lower trendline of the wedge as a signal to sell or short the security.
BTC/USDT 4HOUR UPDATEHello 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:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area.
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$BTC BEAR MARKET/RECESSION OUTLOOKMy realistic estimate would be that $BTC continues to rally at least to $25k, possibly even $28-30k as this is likely going to be a strong resistance level, then, if/when Q1-Q2 earnings are awful, it dumps back down IMO to $13.8k. I think the bottom could be as low as ~$10.8k or as high as ~$15k (approx. previous low, double bottom), however, I feel that $13.8k is the most likely between these 3 targets. I would reconsider bearish position if we break above the $28k-$30k level and hold it at support for a monthly close.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level.
After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session.
The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400.
Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory.
The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark.
It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers.
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btc/usd massive cup formationBTCUSD has printed a massive cup, I am expecting the handle to form next and for BTC to slowly grind down towards 17,600-18,600 range before eventually rocketing back upwards once the FED takes a more dovish approach and slows or stops the interest rate hikes. With six consecutive months of CPI data showing that inflation is going down, I expect that Jerome Powell will be able to take a slightly more dovish stance which in turn can uptick all markets/assets.
BTCUSD near the structural high. The structure on BTC holds bearish so far. Everything else is in the chart.
Please check linked ideas for more info.
📉 Text marks:
🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹ph, pl = protected high or low, which holds current structural impulse.
🔹bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
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💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BTC/USD weekly time frame UPDATE !!Hello, welcome to this BTC /USD weekly time frame chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls.
Currently, the bulls are facing the previous lower high resistance at $21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) surged for the sixth straight session to start the weekend, as the price moved above the $21,000 level.
BTC/USD climbed to a peak of $21,054.38 earlier in today's session, which comes after the price hit a low of $18,793.66 on Friday.
This jump in price saw bitcoin add up to 10% to its value over the past 24 hours, reaching its strongest point since November 5th in the process.
Looking at the charts, the rally came as the 14-day Relative Strength Index (RSI) continued to rally. It is now tracking at 89.22.
Typically, a reading of 70.00 is seen as overbought, and with this print, which is its highest point in two years, we are deep in bear territory.
When the price moves higher, many expect bearish sentiment to increase, as traders begin shorting the market.
This is not a piece of financial advice.
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