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BTC/USDT 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. BTC is currently forming a descending triangle on the 4-hour timeframe and is trading below the Ichimoku Cloud. BTC is showing lower highs, forming a descending triangle. Trading below the cloud indicates a bearish sentiment. Wait for a breakout above the triangle for a bullish signal. The breakdown below the triangle will confirm the bearish trend. Stay tuned for further updates and analysis! I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
BITCOIN 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. BTC is currently displaying a 4-hour triangle pattern. Recently, it experienced a breakout from this pattern but quickly re-entered the triangle, which shows indecision in the market. The pattern has broken out once again, suggesting the possibility of short-term upward movement. •⁠ ⁠*Triangle Pattern:* BTC has consistently shown a 4-hour triangle formation. •⁠ ⁠*False Breakout:* The previous breakout failed, causing BTC to fall back into the triangle. •⁠ ⁠*Current Breakout:* BTC has broken out again, which suggests a potential bullish trend. BTC is facing strong resistance between *$71,600 and $73,000*. This range is crucial for the next significant move, as overcoming this resistance could lead to further gains. Given the recent breakout, BTC could see a short-term bounce. However, traders should closely monitor the price action around the $71,600 to $73,000 resistance zone for signs of strength or a possible reversal. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. Current Price: $68,100.01 Bitcoin is trading within an ascending channel, which shows higher highs and higher lows, indicating a bullish trend. Immediate Resistance: Around $72,000 – This level serves as a key barrier that BTC needs to break for further upside. Immediate Support: Around $67,000 – This is the lower boundary of the ascending channel and an important support level to maintain the bullish structure. 21-period SMA (yellow line): BTC is trading close to the 21-period simple moving average, which currently acts as a dynamic support level. 100-period SMA (violet line): Located below the current price, offering additional support. Ascending Channel: White lines indicate an ascending channel, which shows a bullish trend as long as BTC remains within or above the lower range. Potential Breakout: A breakout above $72,000 with strong momentum could lead to a test of higher resistance levels around $74,000 and $76,000. Continuation of the uptrend: If BTC holds its position above the 21-period SMA and breaks above $72,000, we can expect a bullish move towards $74,000 and potentially $76,000. Volume Confirmation: Increasing volume during the breakout will strengthen the bullish scenario. If BTC fails to hold above $67,000, it could signal a break out of the ascending channel, leading to a possible drop to $64,000 and $62,000. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. BTC/USDT Analysis – Brief Update BTC is currently moving within an ascending triangle pattern. After being rejected at horizontal resistance, it is now trading above the Ichimoku cloud. Ascending Triangle Pattern: BTC is making higher lows, indicating buying pressure. Horizontal resistance marks an important level to watch. Ichimoku Cloud: Trading above the Ichimoku Cloud indicates bullish sentiment. Possible movement: Bullish Scenario: A bounce off current levels, followed by a breakout above the triangle resistance, would confirm a bullish trend. Neutral scenario: Expect further movement within the triangle, until breakout. Stay tuned for further updates and analysis! Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
#BITCOIN CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. Bitcoin (BTC) Price Movement Analysis and Short-term Update Bitcoin (BTC) has been fluctuating between $70,000 and $72,000 recently, indicating a period of consolidation at these high levels. Here are some key points to consider for the long-term outlook of BTC: Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
#BTC/USDT CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. The chart shows that Bitcoin is currently in a resistance zone marked by a horizontal band. The red arrow suggests an anticipated downward movement. Yellow line: This probably represents a short-term moving average. Purple line: This probably represents the long-term moving average. The head and shoulders pattern generally signals a change in trend from bullish to bearish. If Bitcoin breaks below the neckline (the support line connecting the bottom of the shoulders), it could signal a significant price decline. Pay attention to potential support levels where Bitcoin may find temporary stability. These are often previous resistance levels or moving averages. Keep an eye out for wear below the neckline. If this happens, it could confirm the bearish trend. Consider setting up a stop-loss order to protect against significant losses. The chart shows that Bitcoin is at a turning point. Feel free to reach out for further analysis or updates! Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
Bitcoin looks set to rally above 60kWe all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term. Volume retreated with prices since the March high, which is a typical characteristic of a retracement. Yet a final stab lower found support at the 100-day EMA, 38.2% and 50% retracement levels before a mini V-bottom formed. This also coincided with RSI (14) hitting oversold, which I define as below 40 during an uptrend. The prices have since retreated lower from the rally back above 65k, and showing signs of stability above 60k. The retracement held above the 61.8% Fibonacci level and are now holding above the 50% level. Bulls could enter live at market with a stop below 60k (or recent swing low) with an initial target at 65.5, a break above which brings 68k into focus - or the highs near the high-volume node.
CME:BTC1!Long
by CityIndex
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. BTC/USDT 4 hour update: This update is based on the 4-hour chart, which provides a shorter-term view than the daily chart. The price is within a broad descending channel, highlighted by two converging trend lines. Recently an attempt has been made to break the upper trend line of the descending channel. Purple line: Possibly represents a longer-term moving average (for example, a 100-period on a 4-hour chart). Green line: Possibly represents a shorter-term moving average (for example, 4-period 200 on a 4-hour chart). The price is currently trading above both moving averages, indicating short-term bullishness. Support: The key support level is at $52,408.76. Resistance: Immediate resistance is around the $69,000 – $70,000 range. BTC has shown strength by bouncing off lower levels and breaking the moving averages. The current price is around $67,119, which is close to an important resistance zone. The chart shows a circular bottom formation in the first half of the year, indicating a potential long-term reversal. An inverted head and shoulders pattern appears within the oval, indicating the possibility of a bullish reversal. If BTC remains above the $68,000 level, consider entering a long position, confirming the breakout. A move above this resistance could lead to further upside, potentially aiming for $70,000 and above. Place stop-loss orders below the recent support level at $64,000 or below the moving average to manage risk. Summary: BTC/USDT is showing bullish signs on the 4-hour chart as it approaches the important resistance level around $68,000. A breakout above this level could signal further upside, potentially leading to a fresh rally. Traders should monitor this level closely and manage their risk with appropriate stop-loss orders. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BITCOIN UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. The chart provided to you is a daily update for the BTC/USDT (Bitcoin/Tether) trading pair. Here are some key observations and possible interpretations based on the chart: price level: The current price is around 66,951 USDT. The chart shows a range between around 58,000 USDT to 74,000 USDT in the observed period. Trendline: It appears that the price is within a descending channel (marked by two converging trend lines). The upper trendline acts as resistance, while the lower trendline acts as support. moving average: The chart consists of two moving averages: a shorter-term yellow line (possibly the 25-day moving average) and a longer-term blue line (possibly the 100-day moving average). The yellow moving average is above the blue moving average, indicating a possible bullish trend. Recent Price Action: There was a notable rise from the lower support trendline around mid-February. Recently, the price broke above the upper trend line of the descending channel, indicating a possible bullish breakout. Support and Resistance: There is a marked horizontal support line at 52,408.76 USDT. Recent price action suggests the possibility of new support forming around the breakout level. Technical Indicators: The chart does not show specific indicators, but the formation and breakout of the descending channel are important technical patterns. If the breakout sustains, the next resistance level could be around 74,000 USDT. Given these observations, traders can consider the breakout as a signal for a potential long position, but they should also keep an eye on broader market conditions and confirm the breakout with additional technical indicators. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade. Hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Bitcoin - The ATH is STILL COMING ! Here's Why👉📉 BTC-USDT with Elliot Wave Theory Analysis 📈 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE exactly: The good news about this, is that wen the corrective wave (Wave 3-4) is over, we can expect the final impulse wave up (Wave 4-5). We may yet still see another ATH in the near future! Remember that correction waves also consists out of smaller corrective ABC waves, as seen in the next chart. According to Elliot Wave Theory Math, our next target should be the FINAL ATH : _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
Long
by CryptoCheck-
12
BITCOIN 1DAY CHART UPDATRE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. moving average analysis Moving Average Crossover: 20-day moving average (20MA) and 50-day moving average (50MA) crossover: A bullish signal is given when the 20MA crosses above the 50MA. This crossover indicates upward momentum, indicating the possibility of further increases in the price of BTC. chart pattern analysis Recent Breakouts: Pattern Formation: Upon observing the charts, the recent price movement shows a pattern similar to previous breakouts. Historically, when BTC forms such a pattern, it signals the beginning of a significant rally. The current pattern visible at the top of the chart suggests another possible upside breakout. historical comparison Previous Rally: The last time BTC displayed a similar crossover and pattern, which was followed by a notable rally. Given this historical precedent, we can expect a similar increase this time too. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade. Hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BITCOIN 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. It looks like BTC is ready to accelerate higher, possibly approaching $65200. Today offers excellent trading opportunities, especially for long positions. Stay tuned for more updates as the situation unfolds. Thank you for your attention, and we will keep you updated on any developments. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. In the latest analysis of BTC, it's signaling a triangle breakout in the four-hour timeframe. This breakthrough has the potential to propel BTC to approximately $65500. Should BTC rebound from this level, a significant rally could unfold throughout the day. Stay tuned for more updates as the situation develops. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BITCOIN 4HOUR CHART UPODATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. BTC/USDT analysis, BTC is facing resistance from the Ichimoku Cloud, which is currently retesting above the parallel channel. MA 50 indicates a bullish trend. A successful breakout of the Ichimoku cloud validates bullish sentiment, while a drop below MA 50 signals a potential market correction. Monitoring key indicators is important to navigate the trajectory of BTC. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Today, BTC is showing signs of a bounce as it retests breaking out of the parallel channel, with the 100MA providing strong support. If BTC closes below 100MA, my chart will be invalid. However, if it bounces off the parallel channel and 100MA, expect a rise in BTC as well as older coins. Stay alert for further updates. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 4-HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Bitcoin has recently crossed the 21 level, then returned above it, now hovering around the upper boundary of the parallel channel (yellow line on the chart). It's maintaining this level presently. BTC may decline around $64000, but if it surpasses this and rebounds from the channel, a significant rally is possible, impacting altcoins positively. Failure to break the channel could lead to another downturn. Thanks for the comprehensive update! I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTCUSD Analysis (4th May 2024) Crypto Analysis (4th May 2024) BTCUSD Analysis On the 4 hour timeframe, price action has swept the buyside liquidity and created a bearish BOS. There are 2 scenarios i am looking at currently. 1) Price rejects of the 4 hour OB and creates a 15 minute bearish Change of Character. Once it has done that, i will look for another 15 minute bearish BOS to confirm that the bearish orderflow on the 15 minute is aligned to the 4 hour bearishness. 2) Price continues bullish and breaks past the 4 hour OB. If that is the scenario, i want to see a body candle close above the OB, before looking for a break and retest on the 1 hour timeframe to potentially continue higher. Further confirmations like a 5 minute bullish CHOCH after the retest of the OB will give me more confidence to look for BUYS.
BINANCE:BTCUSD
by CallistoFX
Bitcoin Post 4th Halving Price Prediction for 2024Hello my friends! I am back after a long break. Bitcoin has just experienced it's 4th halving event. I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach. Here are my findings: - Bitcoin's prices seem to hold for about 60 days, and then either pump or dump. - Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event. - Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days). - Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line. - Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase. My Predictions: - I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024). - I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days). - I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000). Entry and Exit Strategies: - I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position. - Possible entry options are 52-58K , and 78K-88K (once we exist the Cup and Handle). - The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500. Don't forget, Patience is Paramount. Happy trading :)
BITSTAMP:BTCUSDLong
by PatienceIsParamount
!BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Today's BTC update will be concise. Observing the 4-hour chart, it appears that BTC's 21-day moving average has been breached. Consequently, BTC might experience a surge today, potentially influencing its associated legacy markets. However, failure to breach the 21-day moving average on the 4-hour closing could lead to a notable decline in BTC, which may also impact ALTcoins negatively. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563