BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) consolidated for a third straight day, as traders continued to secure gains from Saturday when prices rose to a five-month high.
Despite consolidating, BTC/USD remained above $23,000 for most of today’s session, hitting a high of $23,134.01 in the process.
This comes less than 24 hours after it was trading at a low of $22,654.30, which is near short-term support at $22,500.
Looking at the chart, BTC is currently trading at $22,913.54, and this comes as the 14-day relative strength index (RSI) neared a ceiling of 86.00.
At the time of writing, the index is tracking at a level of 85.09, with a floor of 80.00 another possible destination for traders.
The 10-day (red) moving average has also begun to show signs of peaking, which could lead to a sudden shift in momentum.
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Btcshort
BITCOIN WEEKLY UPDATE !!Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
The current short-term resistance is near the $23,500 level. A retest above the descending trendline or making a higher low could also be a possible scenario.
A solid breakout above $23,500 or a successful retest of the descending trendline will confirm the continuation of the market's bullish momentum.
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Will BTC repeat this identical pattern as it did in 2015? Hi dear community and my loyal followers.
Let me bring your attention to this important historical data.
As you know I told many times that 2021-2022 bear market look like more likely to 2015 than 2019 taking into account many factors)).
That's why in this analysis I'm comparing 2021-2022 bear cycle with 2015.
Look at price action bellow 5D gaussian channel, do you see the identical move of the price from 1-7 steps?
In 2015 when price approached to mid point of Gaussian channel and range high(#6) it dumped making 2d bottom(#7) , So I expect the same move to be happen now. Price is approaching to mid point of Gaussian channel(#6) and more likely will retrace to 19K+- making double or even triple bottom counting 17.5, 15.5 and potential 19K+- lows. (#7). BTW when price reaches 24.5-25K it will be weekly 50 and 200 EMA also multi-months diagonal resistance. /I will post it a little bit later on regular chart.
I also expect such kind of move coz a lot of moon-boys turned bullish and opened long positions at 22.5K and expect 28K+ prices. ))
If you like my ideas and analyses, don't forget to like, follow and leave a comment please. I appreciate any single tweet.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high.
Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today.
Today’s rally saw bitcoin jump to its highest level since August 24, when the price at the time was trading at a top of $23,600.
As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back toward a ceiling of 90.00.
Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits.
As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low.
I have tried to bring the best possible outcome to this chart.
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BTC until next uptrendeverything is on the chart,
note that this is just an early speculation and is just for depicting what might be the behaviour of market in the next consolidation.
so it might not happen exactly the same, and prices can not be used as exact buy/sell points.
leave any comment to discuss further
take a look at previous idea on MATIC
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin is again testing the resistance area. The bulls keep pushing the price. There is a small uptrend line that works as support. The overall market is looking good. Trade with stop loss.
This is not a piece of financial advice.
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BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC is attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400.
The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back.
We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market.
This is not a piece of financial advice.
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Bitcoin Stalling At Key Resistance... Or Is It The "NEWS?If you've been trading and investing long enough... (For me 25 years)
You know that the 'News' conveniently gets released, to support market moves that have already happened.
Not always, but more often than not.
This news headline today makes me laugh, because we clearly shot up to technical resistance.
People who say TA 'Doesn't Work' also make me laugh, because TA is the visualization of the news being disseminated (Usually before it reaches the public).
That, and the group psychology of the masses, or the 'Composite Man' as Richard Wyckoff originated.
We caught that nice market pump over the past week and a half, and it doesn't take a brain surgeon to see that we're due for a short-term pullback.
Likely then bouncing higher, along with the stronger Weekly cycle.
But of course, it's all about the news and fear surrounding the 'rates and DOJ action'...
Which of course gets priced in almost in real-time, once the bigger players, whales and hedge funds get this information first.
Who else has watched the Netflix show Billions?
"Are you certain?"
"I am not uncertain"
The world of investing...
Bitcoin to turnaround?Bitcoin - 24h expiry - We look to Sell a break of 20199 (stop at 20651)
We are trading at overbought extremes.
The bearish engulfing candle on the daily chart is negative for sentiment.
We look for losses to be extended today.
A break of the recent low at 20236 should result in a further move lower.
Our profit targets will be 19111 and 18711
Resistance: 21000 / 21250 / 21600
Support: 20600 / 20236 / 20000
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