Btcshort
Critical Break Down BTCHey there! There is a breakdown here.
Breakdowns can be a cause for concern for investors and traders alike, as they typically indicate a potential downward trend in price.
It's important to keep in mind, however, that not all breakdowns are created equal. While a breakdown may indicate a bearish sentiment, it's always wise to do your due diligence and consider other factors that may be impacting the price of the asset.
Some traders even see breakdowns as opportunities to take advantage of a dip in price, particularly if they have a long-term bullish outlook on the asset. So, while a breakdown may be cause for caution, it's also important to maintain a level head and consider all available information before making any trading decisions.
Ultimately, the key to successful trading is staying informed and making calculated decisions based on your personal investment strategy and risk tolerance. Good luck!
$btc | still eyeing shortsstill think the rr is shorts up here.
never like when support structures aren't swept.
imo, this last leg would have been much healthier we swept them beforehand. these almost always eventually get tagged.
already swept the high this morning.
now sweep the weekly and daily pivots. then we can think about continuation upward.
gotta keep in mind we're still sitting at extremely significant htf resistance.
ADA/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high.
ADA/USD raced to an intraday peak of 0.4441 earlier in today’s session, after trading at a low of 0.4115 on Thursday.
Friday’s surge in price saw Cardano climb to its strongest point since September 27, when prices hit a high of 0.4631.
Looking at the chart, today’s jump came following a breakout of a key resistance level of 0.4230.
the relative strength index (RSI) also moved beyond its own ceiling at 65.00 and is currently tracking at 71.06.
An upcoming ceiling at 72.00 now awaits ADA bulls, and should they fail to move past this point, earlier gains may fade.
This is not a piece of financial advice.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was again in the green on Friday as traders pushed the price closer to the 31,000 mark.
BTC/USD rose to 30,848.46 in today's session, a day after trading at a low of 30,160.59.
The move resulted in Bitcoin reaching its most critical point since June 7, when it hit 31,549.
The Relative Strength Index (RSI) has moved into the overbought zone.
The index is tracking at 72.18, slightly higher than the peak of 72.
If the index moves above the reading of 73.00, there is a high probability that BTC will trade above 31,000.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-It continued to trade above 30,000 on Thursday as crypto markets remained buoyed by the latest US inflation report, which fell to 5%.
After hitting a low of 29,725.57 on Wednesday, BTC/USD rose to a one-day high of 30,462.48.
The move kept Bitcoin close to its ten-month high of 30,584 during Tuesday's trading session.
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 BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Prior to the report, BTC/USD fell to a one-day low of 29,865.20, which comes less than 24 hours after trading at a high of 30509.08.
This comes after a massive jump in price on Tuesday, which saw Bitcoin climb to its highest point in ten months.
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Bitcoin Pattern At The Start Of A Catastraphic Down Move!*Disclaimer: Not Financial Advice*
IMPORTANT: By Now We have quadruple bearish RSI divergence and double bearish divergence on Stoch RSI
BTC all time high pattern is repeating right now (purple rectangle) I've talked about it in video - EVEN the divergence are the same.
DXY Broke the descending wedge and is consolidating , with todays news it could surge up which will follow in BTC,SPX,NQ1 sell off
*Strongly Encourage to watch this until the end*
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Bitcoin vs Bonds.Bitcoin 1D is almost oversold. A first target would be $42,000. Resistance is $45,000 and $47,000. There just doesn't seem to be enough steam for a breakout. Bitcoin's popularity is already maxed out and the investor is struggling according to the economic data. Being that Bitcoin moves with the equity market, we could see bitcoin take a tumble.
Morgan Stanley stated the "Bear market is over". JPMorgan analyst is telling equities investors to take profits. It seems like more economists and analysts are seeing markets taking a tumble. FOMC has been much more hawkish, pushing the 10YR higher. The 1M for Bitcoin is bearish, but short term is looking somewhat better as there have been higher lows and higher highs since January.
BTCUSDT 1D 📊 #BTCUSD
⏱ TIME: 1D
📝 Bitcoin is currently approaching a strong resistance zone ranging from 31700 to 23400 (blue box). It is expected that the price may start a correction from this zone and move towards the following targets.
📌 First target: $29400
📌 Second target: $25400
📌 Third target: $21200
📌 Fourth target: $18400
Bitcoin in a fake rally?Bitcoin - 24h expiry - We look to Sell at 29130 (stop at 29650)
Levels above 28700 continue to attract sellers.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 27700 and 27200
Resistance: 28400 / 28700 / 29100
Support: 28200 / 27800 / 27500
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BTC Pattern showing Strong Bearish Sentiment More Than Ever!!Two new BTC bearish pattern (one mentioned at the start that will blow your mind)
Bitcoin Exited the Orange parallel channel and is consolidating below the support of the blue parallel channel
Stoch RSI on weekly is at its peak and needs to come down which will follow by heavy sells & Head and shoulder still in play
Dxy doing a descending wedge which is bullish.Ive talked about it in video cause its very important
SPX is in a big bear flag - could rally up and form bearish divergence
Strongly recommended to watch it untill the end.lots of important information and signals
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) There was a move back above the 28000 level on Saturday as the market continued to react to the latest NFP report.
Payrolls came in at 236,000, marginally lower than the 240,000 many were expecting.
After trading at a low of 27814.00 BTC/USD rose to a high of 28159.86 in today's session.
An increase in price comes when the Relative Strength Index (RSI) bounces off its low at 58.00.
The index is tracking at 59.07, which has helped delay the inevitable downward cross with the 10-day (red) moving average and its 25-day (blue) counterpart.
BTC is trading at 28,059.28.
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.