Btcshort
BTC. We go for buyers.Based on my vision of the market, I can add the following, the CoT report data reflects a slight increase in bullish sentiment, but bitcoin is weak and there is no fuel for the flight yet. BUT, it is possible to withdraw liquidity and not a significant update of the high.
Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.
Will Bitcoin face a rejection and slump toward $29.5k?On the 1-day timeframe, a bearish divergence between price and RSI was developing. On the 4-hour chart a range formation was witnessed.
Sentiment remained bullish in the market on the news of refiling of Bitcoin ETF applications from BlackRock and Fidelity.
This could see FOMO from buyers if BTC breaks out past the
31K
area, and a reversal here could gather a massive amount of liquidity from buyers before dumping back to the H4 lows. But it is a risky idea to short a breakout without confirmation, but waiting for such a confirmation could severely curtail R:R.
Entry: $31.6k-$31.7k
Take-Profit: $25.5k (just below recent lows)
Stop-loss: $32.5k (invalidation above the $32.2k, this level is a high from 1 June 2022)
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved closer to a fresh one-year high on Tuesday, as U.S. markets closed to celebrate the July 4th holiday.
Following a low of 30,586.51 to start the week, BTC/USD raced to an intraday peak of 31,375.61 earlier in the session.
The move saw Bitcoin edge closer to last Friday’s high at 31,443, its most vital point since June last year.
Earlier momentum has since faded, as the relative strength index (RSI) collided with a resistance level at 70.00.
tracking at 68.43 and appears to be heading for a support point at the 66.00 mark.
there is a strong possibility that Bitcoin will be trading around the 30,500 level.
I have tried to bring the best possible outcome to this chart.
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#BTC 🔴 H1 SHORT (BITCOIN). Possibly W1 PPR ⬇️Interesting developments in Bitcoin. It seems that they tried to break through 31k several times, but at the same time, the 30k resistance worked out many times.
But the last powerful impulse on the background of FUD took out the stops of all the longists, who stubbornly gained their positions in the LONG for a long time.
We have been moving in the H1 range for a whole week, and most likely, the last downward impulse predetermined the current situation in BTC.
At the D1 resistance, and the upper limit of the H1 range, a Double Top has formed, a Global Imbalance Level, which the price has already tested. And this gives an excellent signal to open a sell position. A retest of the imbalance is still possible, after which, with a high probability, we will go into the long-awaited correction, to the lower border of the H1 range (29982) and up to the previous Impulse Level (28737)
p.s. In addition, on W1 we have a hint of the formation of a Bearish PPR, the implementation of which will definitely send the price to the level of 28.8-28.6K.
p.p.s. In addition, the current Bitcoin Futures Contract on the Chicago Exchange expires on 07/01/2023. Accordingly, there should be significant volatility in the market.
input: 30605 (on unbalance retest)
stop: 31227
tp-1: 29982
tp-2: 28737
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rebounded from recent losses on Tuesday, ahead of the upcoming U.S. consumer confidence report.
The Conference Board expects its index to rise to a reading of 104.0 in June, up from 102.3 the month prior.
BTC/USD rose to an intraday high of 30,751.19 on Tuesday, following a low at 29,955.74 to start the week.
The move appears to have occurred as the 14-day relative strength index (RSI) bounced from a support point of 68.00.
As of writing, the index now sits at a reading of 70.17, which is once again in overbought territory.
A barrier at 73.00 is now the next visible ceiling, and unless bulls break out of this point, BTC will likely move back below 30,000.
I have tried to bring the best possible outcome to this chart.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved marginally lower to start the week, as its price fell below the 31,000 mark on Monday.
BTC/USD dropped to an intraday low of 30,042.38 earlier in the day, which comes after the price peaked above 31,000 on Sunday.
Today’s slippage sees bitcoin decline for a third straight day and comes as the relative strength index (RSI) moved into overbought territory.
hit a peak of 72.92, which was not only near a ceiling of 73.00 but also its highest point since late January.
This reading prompted bears to enter the market again, pushing the RSI down to a current reading of 68.81.
68.00, and if this support point is broken, there is a good chance that BTC slips below 30,000.
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/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell.
Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June.
BTC/USD hit a peak at 30,737.33 earlier in the day.
This is the strongest point that Bitcoin has hit since April 14, when the price reached a top at 31,050.
Another major catalyst for the move was a crossover of moving averages (MA), with the 10-day (red) MA, moving above its 25-day (blue) counterpart. the relative strength index (RSI) has also marginally broken out of a ceiling at 70.00 and is now tracking at 70.88.
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
🌴🌡️ Tropical Heatwave: Is a Market Correction Looming? 🌧️Tropical conditions 🌴 lie ahead for the global crypto market over a one-day horizon, signaling a very bullish trend with an imminent market correction ahead. The crypto rally witnessed this week has been triggered by a series of announcements from major financial players, including the launch of a new crypto exchange for institutionals and the filing of several spot Bitcoin ETF applications to the US regulator. 💥
These recent developments show that financial institutions believe in the crypto assets, despite the US regulator's continuous crackdown on the US crypto market. Over a one-week horizon, sunny trading conditions prevail ☀️, indicating a slightly bullish market with upside potential for the cryptosphere. 📈💰
Stay ahead of the game and follow us to explore deeper insights in ATTMO Times! 📰✨
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin rose to a two-week high on Tuesday, as bullish sentiment made a gradual return to the marketplace.
Following a low of 26,338.54 to start the week, BTC/USD rose to an intraday high of 27,147.47 on Tuesday.
bitcoin rose to its strongest point since June 7, when it peaked at 27,402.
it appears that today’s rally coincided with the relative strength index (RSI) also breaking out of a ceiling of its own at the 50.00 mark.
Price strength now stands at 51.71 with the next visible resistance level at 57.00.
In the event bulls are able to send the index to this point, there is a good chance that BTC will be above 28,500.
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