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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) raced to a multi-month high on Thursday, as prices moved closer to the long-coveted $25,000 mark. Following a low of $22,664.48 on Wednesday, BTC/USD rose to an intraday high of $24,769.24 earlier today. Today’s move pushes the world’s largest cryptocurrency above a ceiling at $24,200, hitting its strongest point since August 20 in the process. Looking at the chart, the 14-day relative strength index (RSI) also moved past a ceiling of its own at 65.00 As of writing, price strength is currently at a reading of 69.36, which is its strongest point in nearly two weeks. The next visible point of resistance appears to be at the 75.00 mark, and should bulls make a run for this level, BTC will likely move well past $25,000. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States. Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today. Today’s move pushes the world’s largest cryptocurrency back toward a key resistance level of $22,500. Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00 As of writing, price strength is currently at a reading of 51.96, which is its strongest point in the last seven days. Should this momentum be maintained, there is a strong possibility that BTC could not only break $22,500 but could also collide with the $23,000 mark. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC dump is coming? Hi dear community, I hope you are fine. I will be short. I will update my ideas about current situation on BTC chart. I'm looking at 2W BTC log chart by Heikin Ashi candles. I'm comparing 2022 bear market with 2015 coz they are very identical by many factors which I told in my previous analyses. So as you see after making double bottom with strong bullish div BTC pumped from 15.5K to 24.3K as I had mentioned in my previous analyses. There is huge resistance at 24.5-25K zone/200weekly EMA, range high, diagonal and horizontal resistances, monthly diagonal bearish trendline test etc. Approaching to key resistance bullish candles became smaller/check 3D or W chart/, buying volume was diminishing, the momentum was losing creating multi bear divergences on multi timeframes, as a result of the mentioned the price rejected at 24.3K & dropped to 21.6K filling created imbalance, and FVG zones bellow 22.3K. As you see after bottom, BTC created 3-4 big green Heikin Ashi candles marked in pink box and dumped to the main market structure making HL, at the moment you can notice the same green candles in a pink zone with RSI identical move as it did in 2015)). To be honest , we need this healthy correction putting HL in current structure. There is weekly FVG zone at 17.2-20.4K zone as well. In coming days and weeks, I expect BTC to dump to the mentioned zone and fill at least 50% of FVG which is 18.7K. More likely 18.5-19K zone will hold not only as a FVG zone but also strong horizontal support and we'll see strong reaction and bounce from that region which will lead the price to new highs)). If you like my ideas don't forget to like and follow me for further updates. I will appreciate any kind of support. Also check my other analyses.
BITSTAMP:BTCUSDShort
by ergal91
BTC to $20k and possibly $16.4kA bear flag was forming last few days and has broken out to the downside. These days around CPI data i expect a drop to the CME gap at 20k-20.4k If that happens it could be forming a head and shoulders pattern with a potential bounce to current levels before breaking down with a technical target of $16.4k which was a big support in Q4 2022. (in between could be a pause at the 0.786 fib level and also great support of $18k) So if you are looking for long positions: DCA in at $20k, $18k and $16.4k -> this is my plan also. (Don't DCA all-in though, recession might cause lower lows than Q4 2022. Keep some cash on the side to buy a new bottom)
BINANCE:BTCUSDShort
by seriousHeron54438
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) continued to trade close to a multi-week low on Monday, as market sentiment remained bearish ahead of the upcoming U.S. inflation report. Following a high of $22,060.99 on Sunday, BTC/USD dropped to an intraday low of $21,539.50 to start the week. As a result of the decline, bitcoin remains close to its lowest point since January 20, which is the last time prices were under $21,000. Looking at the chart, today’s move comes as the 14-day relative strength index (RSI) maintains its proximity to a support point at 44.00. At the time of writing, the index is currently tracking at 45.80, with a resistance level of 50.00 an ideal target for remaining bulls. Should this target be captured, bulls could extend this rally, and move to regain market momentum. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks. BTC/USD fell to an intraday low of $21,754.13 earlier today, which comes less than 24 hours after trading at $22,770.22. As a result of this drop, bitcoin moved to its weakest point since January 20, when the price bottomed at $20,865. From the chart, the sell-off took place following a break out of a resistance level at $22,500, which had mostly held firm since late January. In addition to this, the 14-day relative strength index(RSI) also dropped, falling to its lowest point in over a month. After weeks in overbought territory, price strength has started to subside, which could act as a long-term positive for bulls, whose next target will likely be $25,000. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
#BTCUSD - 30% Long has Finally Closed. Where's this Short Going?Well well well... What a month it's been for #Bitcoin. We've seen some huge gains and managed to net 30% ourselves with a #BTC long. Now we've got a Short signal from CTv2. We can see a few defined areas where the price may be heading next if this Sell signal shows promise - the most likely scenario is Bulls are still prevalent and the price might only drop to the nearest level of support, around 10%, still a very nice Short trade to make! The other option would create a pretty clear Head & Shoulders pattern and would mean #BITCOIN price reverts to previous levels down at around 16k - this would make for 20% profits or more! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:BTCUSDShort
by theCrypster
4
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) slipped to a two-week low on Thursday, with prices falling below $23,000. Following a high of $23,191.32 on hump day, BTC/USD plunged to an intraday low of $22,458.26 in today’s session. The decline sent bitcoin to its lowest level since January 26, as prices broke out of a critical support point at $22,500. As can be seen from the chart, the sell-off came as the 14-day relative strength index (RSI) fell to a one-month low, after moving below a floor of its own. The index is currently tracking at 56.50, which is marginally under its recent support level of 58.00 mark. Since this bottom, bulls have moved to buy the dip, with BTC now trading at $22,540..04, as of writing. 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
BITSTAMP:BTCUSD
by CryptoSanders9563