BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BitcoinBitcoin continues the sideways movement. The market is loading for a big impulsive move. The trading range major support is the $15,000-$15,500 area and major resistance is the $17,800-$18,500 area. Plan your trades accordingly.
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
Btcanalysis
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin respecting the channel trendlines. Still, there is no movement in the market. Bitcoin CME trading is closed till 3rd January so we may not see much movement in the market. Some volatility is expected in the second week of January.
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
BTC ready to either Pump or Dumpaccording to the chart, BTC is on the ascending trend line in 4H time frame. If BTC break the green area (order Blok) it can goes up and reach our targets. But if its brake down the trend line our Sell position will active, and we can reach our sell targets.
on the other hand, we have ascending Fibonacci channel support and resistance. Pay attention to those area.
be aware: this is not a financial advice. opening any position is on your own risk.
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC is holding above the ascending trendline support on 8h TF. RSI is in the oversold region and also holding above the trendline support.
The volume is low here and for the confirmation of bullish momentum back in the market, bulls need a solid breakout of the horizontal resistance, where MA100 and 50% retracement level are also acting as resistance.
A sustained breakdown of the ascending trendline support would confirm a downward move toward the horizontal support from where we could expect a bounce back in the market.
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
Adding on to BTC long @ 16,500 10x leverageSorry I went AWOL, I had the sickness that shall not be named for a while. Feeling better now.
I am adding 1 BTC onto my BTC position. I have had this position open in a cross margined account for over a week now. This is going to be a long play for me, not worrying about the fees for now.
Fundamentally, I've rarely seen BTC move in such a consolidated manner for so long. Not sure if it's just the holidays / end of the year or a mixture of that + the FTX fallout, but waters are far too calm and I'm on high alert.
Technically, we just broke underneath our Keltner Channel and are looking to enter back into the channel, a sign of a reversal.
We're currently in a descending channel and are far away from our Ichimoku Cloud of resistance on the 4-hour. I believe we'll retest this over the coming days.
I also believe we'll retest the 200-day EMA and the major area of resistance I've marked with a red box.
More updates soon.
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC effectively breakdown the ascending triangle following the downward move. As of now, it is holding over the marked low of $16,559.
If bulls won't show strength here, then the downward move will continue toward the horizontal support or the lower marked strong low support.
For the bullish confirmation, bulls need to break out the horizontal resistance around $16,940 with a retest above it to confirm a decent bullish rally in the market.
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
CAN BITCOIN RALLY UP TO $18K ONCE AGAIN?Hello guys, Dexter here with yet another update on BTC in 6 hours timeframe.
For the last 7 days, BTC has been moving slowly, forming small candles and one or two reds and greens in between. The price ranged between $16.4k to $16.9k which is okay and still doing well. This price range has been supporting BTC for quite some time and has recently created another supporting trendline (The yellow dotted line). If BTC can manage to hold this support then we can expect BTC to reach $18k soon. Breaking below the yellow dotted line may indicate a drop close to $15.3k.
Trade Setup: I am doing long on BTC at CMP with SL at $16.2k. The target will be close to $18k. A straight 10% gain if pumped and a 3% loss if it breaks down. Sounds like a good R:R ratio.
Note: Take a trade only if you are confident enough. Not financial advice.
Trade safely.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, 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 )continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States.
This afternoon’s figures are expected to show growth of 2.9% in the quarter, as inflation in the U.S. began to slow down.
BTC/USD hit a high of $16,895.71 ahead of the data release, which is marginally higher than Wednesday’s bottom at $16,755.91.
Looking at the chart, today’s consolidation comes as the 14-day relative strength index (RSI) continued to hover near a support point at 46.00.
As of writing, the index is tracking at the 46.49 level and could be set to break out of this point at any moment.
Should this occur, bearish sentiment will likely return to the market, with prices heading toward $16,500.
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
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, 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) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision.
BTC/USD surged to a peak of $16,837.65 earlier in today’s session, less than 24 hours after hitting a low of $16,398.14.
Today’s move saw the token climb above a key resistance level of $16,700, with prices rising to a four-day high in the process.
Looking at the chart, the surge took place as the 14-day relative strength index (RSI) broke out of a ceiling at the 46.00 level.
As of writing, the index is currently tracking at the 46.61 mark, which is its strongest point since last Thursday.
Should the index continue this upward trend, we will likely see BTC move above the $17,000 level in the coming days.
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
#BTC/USDT 6Hr UPDATE BY CRYPTO SANDERS Hello, welcome to this BTC /USDT 6Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced back with a decent stable volume after clearing stops below the order block. Now it is facing mid-range resistance.
A reclaim over the mid-range with a retest above it would confirm a decent bullish rally in the market.
If it rejects from here, a downward move is expected toward the horizontal support of $16K, and from where we could expect an upward direction in the market.
Bitcoin is again testing the resistance area. Let’s wait to see if BTC is able to break the resistance area. There is no clear direction and we may see more sideways movement. The market needs big positive news to break the resistance levels.
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
Bitcoin will crash soonHi, 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
BITCOIN: THE DIRTY DANCE.BTC did it dirty.
After the big red drop in BTC from $18.4k to $16.5k, it tried to hang in there but failed to hold it for a long. These two red candles created a panic scenario and many thought that BTC is going down for $15k once again but who would have thought that a big green candle is waiting for next door? LOL! BTC went right above the resistance (which is now a support) and now trying to hold this level. If BTC manages to hold this level then we can expect $17.4k around the corner but if it drops down below the S&R line then things may be bearish again. Technically, we are still under the bearish scenario so that's okay.
Can this end of the last quarter be a turning point for the crypto market? Things are pretty tight so maybe the new year could change the course of action for the crypto industry.
Trade safely.
BITCOIN: NOT A PLEASING CHART.BITCOIN Update:
BTC in a shorter timeframe is not pleasing to the eyes. This rejection indicates a drop close to $16k to $15.8k in the coming hours. If BTC gets back above the resistance level ($16.8k) then we can think of some positivity but until then I expect a further drop-down in the market. In a higher timeframe, BTC looks more bearish and we can expect it to drop close to $15.1k. This is good for the long-term holders to accumulate BTC at a lesser price but RIP for those who went long on BTC in leverage.
Key points:
1. $16.8k Resistance. BTC must break this to claim some positive move.
2. $16.1k further drop level.
Trade safely, guys.
BTC CAN DROP AGAINHello, dear traders. how are you ? Today we have a setup 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
BITCOIN: REJECTION FROM THE RESISTANCE.Hello folks, things went crazy with BTC and other altcoins recently. Here's a quick analysis of BTC in a daily timeframe.
The yellow-dotted resistance was spot on and we saw how clearly the price got rejected from the resistance level. BTC is currently trying to hold $16.7k where we may have a little support. This may turn out to be a strong one but doubtful. With the RSI still having more room to dip, I expect BTC at $15.1k and a bounce back.
What do you have to say about the recent BTC drop? Do share your views.
Trade safely.
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) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data.
As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of $16,997.54 earlier in the day.
This comes less than a day after prices were nearing a breakout of $18,000, hitting a peak of $17,725.88 in the process.
Looking at the chart, bearish pressure intensified following a breakout of a floor at $17,200, with the price now trading at $17,023.22.
This slight reversal comes as the 14-day relative strength index (RSI) moved close to a support point of 45.00.
The index is currently tracking at the 47.05 level, and should price strength hit the aforementioned floor, BTC could land at $16,800.
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