BITCOIN/USDT UPDATE !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures.
As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines.
Following an earlier high of 27,646.35, BTC/USD slipped to an intraday low of 26,878.95 on Tuesday.
Price has since rebounded, bitcoin is trading at 27,040.23.
A failed breakout of the 42.00 mark on the relative strength index (RSI) appears to have played a pivotal role in today’s decline.
tracking at 41.06, with a floor at 38.00 a potential target, should momentum continue to depreciate.
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Btcshort
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) jumped back above the 27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run.
Following a low of 26,762.25 on Sunday, BTC/USD raced to an intraday peak of 27,521.62 earlier in today’s session.
The move saw the world’s largest cryptocurrency continue to move away from a floor of 26,500, and a recent two-month low.
Monday’s rise in price sees Bitcoin move higher for a second straight day, breaking out of a ceiling on the relative strength index (RSI) in the process.
price strength is now tracking at 43.66, which is marginally above the aforementioned resistance at 43.00.
Bulls will now likely be looking to reenter the 28,000 level, which was last hit this past Thursday.
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Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved above the local uptrend line, and the EMA Cross 10 and 30 are on the verge of entering an uptrend.
Let's start with the support line and as you can see the first support in the near future is $ 26723, if the support is broken then the next support is $ 26129 and $ 25661.
Now let's move on to the resistance line, as you can see the first resistance is $ 27534, if you manage to break it, the next resistance will be $ 28002 and $ 29382.
Looking at the CHOP indicator, we see that there is still some energy left for further movement, the MACD maintains the local uptrend, while the RSI is approaching the upper limit, which may slow down the growth and give a recovery.
BTCUSDT Short | Retest of HNS Neckline + 4H and 1D 55 EMAEntered a short position on BTC at the 27550.
Looking to ride the short till 25800 and 24800.
Reasons and confluences:
- Head n Shoulders Neckline Retest
- 4H 55 EMA at 27400
- 1D 55 EMA at 27590
- 4H RSI creating hidden bearish divergence; The RSI has been reset and can continue the downtrend.
Invalidation is a hold above 27800. If this happens, we set our sights towards the 28900 mark which is an OB as well as LOADS of liquidations.
BTC 1H bearish channelother leg down perhaps ?
we are currently sitting at a resistance zone in a bearish channel, could we see another move down ?
the bleu zones are bullish fair value gaps where price could reverse
connsider to move your stop loss to break even, when price is your favor.
Trade at your own risk !
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip.
After falling to a low of 25,878.43 on Friday, BTC/USD rose to an intraday high of 26,989.07 earlier in the day.
Today’s rebound sees bitcoin jump back above a key support point at 26,500, following Friday’s breakout.
From the chart, it appears that this took place as the 14-day relative strength index (RSI) found a floor of its own at 36.00.
price strength is tracking at 37.99, with a ceiling of 43.00 as a possible target.
Should bulls lead the charge to this point, it is likely that Bitcoin will be back above the 27,000 level this weekend.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) dropped below the 27,000 level in today’s session, pushing prices to a seven-week low.
Following a high of 27,589.92 on Thursday, BTC/USD slipped to an intraday bottom at 26,166.87.
As a result of this drop, bitcoin fell to its lowest level since March 17, when the price was below the 25,000 mark.
Overall, this latest sell-off coincided with the 14-day relative strength index (RSI) breaking out of yesterday’s floor of 43.00. price strength is tracking at 35.07, which is its lowest point in over two months.
Should momentum continue in this current trajectory, there is a possibility that BTC could move toward 25,000 this weekend.
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Bitcoin #Intraday shortUS inflation data will be released today, forecast 5% previous value of 5%.
At the publication of the data there will be strong volatility and we can consider the scenario with further bitcoin down from the current consolidation. At the publication there will probably be a "helicopter" and all the stops will be taken off, but after it will be clear where the market is moving, you can participate.
If there is a false-break-down, a quick reversion and downgrade, it will be an additional evidence for the sell, and it also can draw a pin bar, which is also a sign of weakness of the buyers.
In any case, the consolidation is traded only on the breakdown, and two options of short stops 27800 and 28000-28300, targets 27000 and 26700 and a small part can be left if the market starts to pour heavily into the area of 26000.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin continued to consolidate on Wednesday as markets awaited the latest inflation report from the United States.
After hitting a high of 27,824.39 on Tuesday, BTC/USD fell to a low of 27,375.60 earlier in today's session.
Today's move pushed Bitcoin closer to the key 27,300 support point, although the price bounced back again.
Overall, it appears that the previous decline was followed by a breakout in the Relative Strength Index (RSI).
Price strength moved below a floor at 43.00 with the index tracking at 42.63 at
Bitcoin is now trading at $27,430.96.
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BTC Short Idea, ABC, Head and Shoulder and Double Top.What do you need more to go down :))))
This could be a nice example: OKX:BTCUSDT.P
BTC Short Scalp
EP : Limit Order - 27700
TP: 25200 ,
SL : 27850
If you are interested to start leveraged trading, why not practise your trading strategies on TradingView. So what are you waiting for Trade like a pro on OKI and connect with TradingView. ;)
BtcusdtNeed a break of structure to the up side to get to my agreement point thats my point of Liquidity where am looking to short the market because my Daily bias is on the down trend to my 20k range but i expect a retracement to the up side because the market is currently on a range, aspecting the hight to get broken because is the closest feeble liquidity that can be taken out then we move straight down
BTCUSDTBased on recent market trends and technical analysis, it is possible that the price of Bitcoin will experience a drop in the coming days. As such, it may be a good opportunity for traders to consider shorting Bitcoin. However, as with any investment decision, it's important to do your research and consult with financial professionals before making any moves in the market.