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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 got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
$BTC BEAR MARKET/RECESSION OUTLOOKMy realistic estimate would be that $BTC continues to rally at least to $25k, possibly even $28-30k as this is likely going to be a strong resistance level, then, if/when Q1-Q2 earnings are awful, it dumps back down IMO to $13.8k. I think the bottom could be as low as ~$10.8k or as high as ~$15k (approx. previous low, double bottom), however, I feel that $13.8k is the most likely between these 3 targets. I would reconsider bearish position if we break above the $28k-$30k level and hold it at support for a monthly close.
INDEX:BTCUSDShort
by sacred73yt
1
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level. After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session. The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400. Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory. The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark. It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers. This is not a piece of financial advice. 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 massive cup formationBTCUSD has printed a massive cup, I am expecting the handle to form next and for BTC to slowly grind down towards 17,600-18,600 range before eventually rocketing back upwards once the FED takes a more dovish approach and slows or stops the interest rate hikes. With six consecutive months of CPI data showing that inflation is going down, I expect that Jerome Powell will be able to take a slightly more dovish stance which in turn can uptick all markets/assets.
COINBASE:BTCUSDShort
by thecryptoapex
1
BTCUSD near the structural high. The structure on BTC holds bearish so far. Everything else is in the chart. Please check linked ideas for more info. 📉 Text marks: 🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹ph, pl = protected high or low, which holds current structural impulse. 🔹bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BITSTAMP:BTCUSDShort
by Yelli_trades
24
BTC/USD weekly time frame UPDATE !!Hello, welcome to this BTC /USD weekly time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls. Currently, the bulls are facing the previous lower high resistance at $21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market. This is not a piece of financial advice. 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 BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) surged for the sixth straight session to start the weekend, as the price moved above the $21,000 level. BTC/USD climbed to a peak of $21,054.38 earlier in today's session, which comes after the price hit a low of $18,793.66 on Friday. This jump in price saw bitcoin add up to 10% to its value over the past 24 hours, reaching its strongest point since November 5th in the process. Looking at the charts, the rally came as the 14-day Relative Strength Index (RSI) continued to rally. It is now tracking at 89.22. Typically, a reading of 70.00 is seen as overbought, and with this print, which is its highest point in two years, we are deep in bear territory. When the price moves higher, many expect bearish sentiment to increase, as traders begin shorting the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
The Bitcoin BottomThe chart above provides two bottom projections for the price of Bitcoin. These projections are based on what is called the cycle low multiple . This is a screenshot of the Bitcoin Cycle Low Multiple chart The cycle low multiple for Bitcoin is currently 2. This means that if prior cycle price action is predictive of future cycle price action, Bitcoin's current price (~$20k) is twice as high as it will be at the bottom of the current cycle (~$10k). Although historical price action does not guarantee future price action, history generally tends to repeat itself. With that said, both projections suggest that Bitcoin's price will fall to around $10,000 at some point between late October and late November. Both projections also suggest that this will be the bottom and that price will undergo recovery at the end of 2022 and into the beginning of 2023. In the future, I plan to write a longer post about my thoughts about Bitcoin, blockchain technology, non-fungible tokens (NFTs), decentralized finance (De-Fi), and decentralized autonomous organizations (DAOs), but I will share a few preliminary thoughts below. After much research, it is my strong belief that Bitcoin is posing a systemic risk to the fiat monetary system. Although Bitcoin presents new obstacles as a currency and as a store of wealth, its ability to facilitate transactions and store wealth independent of central banks' monetary systems will eventually draw the ire of these institutions. However, due to Bitcoin's decentralized nature, it will be virtually impossible for governments to stop. This will present a major challenge to the fiat monetary system. Be wary of Central Bank Digital Currency (CBDC) as this could become central banks' means to more effectively stop their citizens from converting fiat currency into Bitcoin. What central banks fear most is when their citizens realize that, due to its perpetually increasing scarcity, Bitcoin preserves wealth over time, unlike any fiat currency. This attribute of Bitcoin combined with its completely decentralized nature makes it a monumental challenge to the fiat monetary system. Finally, one important note: If you choose to accumulate Bitcoin, be sure to use a secure hardware wallet. Do not trust any exchange or company to maintain custody of your Bitcoin on your behalf. Note: This is my first post done on a light background. I have learned that some people have eye strain when viewing charts with darker backgrounds. I would appreciate receiving comments below on whether people prefer a light or dark background on my charts, or if it does not matter. This is not financial advice. As always, anything can happen. Cryptocurrency involves significant risk and investors can lose a significant amount or all of their money.
INDEX:BTCUSD
by SpyMasterTrades
67
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) climbed to a two-month high in today's session as the price climbed above the $21000 mark. After a low of $17,995.20 on Thursday, BTC/USD rose to a high of $19,031.80 at the beginning of the day. As a result of this move, the world's largest cryptocurrency climbed to its strongest point since November 8, when the price was above $21,000. Looking at the charts, the rally peaked at 82.00 with the 14-day Relative Strength Index (RSI), its highest level in over a year. Moreover, the upside trend continues to mature at the 10-day (red), and 25-day (blue) moving averages, thus adding to the bullish momentum. Nevertheless, prices are now well beyond overbought, which could mean the bears are hiding and preparing for re-entry. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 8HOUR 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:-BTC bounces off the cup and holds support after a successful retest BTC has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is trading in an upside cup shape. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
2
BTC Short @ 19,000 10x leverageOver the last 52 days we've seen a +23% move upward from the local bottom. Just over the last week, we've seen an immaculate pump, but do we have the momentum to continue to move upwards or is this just a bear market rally or bull trap that is about to go bad? Crypto only focused individuals. I cannot tell you enough, crypto has a huge market correlation with much of what is going on in the world outside of the space and 2023 is going to be a dangerous year in the finance sector. We're only 13 days into the new year and I know the energy is at an all-time high from what's been going on, but take a step back and look at the bigger picture. Remember, while I can admit there is a small chance, we have not set a macro higher high in the last couple months, but we have been setting macro lower lows. Let's also consider that many of the key factors influencing the market are due to economic occurrences outside of the crypto space, like the looming global recession on the horizon and the central banking system's reform over the last 3 years. We could very well be witnessing the start of a blow-off top that will lead us into the sub 15,000 USDC area. Our momentum indicators on the 4-hour and 12-hour charts are at levels we last saw market corrections from, much higher in fact. I believe this is more of a matter of when a sell-off happens, not if. RSI is at 90... I don't even need to talk about that. Our VPVR targets are 16,800 and 16,000... Note: even though we're +20% up from the last macro bottom, which is the sign of a bull market, we're still well about the 200-day EMA on the Day chart and our current price confluence is razor thin, meaning pull backs could be much more intense because of the lack of established volume in a local perspective.
BITSTAMP:BTCUSDShort
by WatsonsView
4
what do you think about what will happen for Bitcoinhello everyone here is the idea of what will happen but what do you think is more possible ? we expact to red movement will happen but we are checking onchain too to confirm the movement. share your idea in comment The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices. BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99. Today’s move saw bitcoin climb to its strongest point since December 14, when prices were at a peak of $18,385. Looking at the chart, the rally took place as the 14-day relative strength index (RSI) continued to move deeper into overbought territory As of writing, the index is now tracking at 75.98, which is its highest mark since October 2021. Depending on this afternoon’s inflation rate, there could be a reversal in BTC, as earlier momentum may have already peaked. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
5 Most Powerful Single Candlestick PatternsHello, welcome to this Type of 5 Most Powerful Single Candlestick Patterns I have tried to bring the best possible outcome to this Candlestick Patterns update Type of 5 Candlestick Patterns:- 1) Doji:-Considered to be one of the most important single candlestick patterns, the Doji can give you an insight into the market sentiment. Dojis are said to be formed when the opening price and the closing price of a stock are the same. Since the opening price equals the closing price, these candlesticks virtually have nobody. Here’s an example of a Doji. 2) Dragonfly Doji:-The dragonfly Doji is formed when the opening and closing prices of a stock are at the highest point of the day. The dragonfly Doji has no upper shadow and a long lower shadow. The candlestick pattern looks like this. 3) Gravestone Doji:-It is the direct opposite of the dragonfly Doji. The gravestone Doji is formed when the opening and closing prices of a stock are at the lowest point of the day. The pattern has no lower shadow and a long upper shadow. 4) Spinning top:-Similar to the Doji, the Spinning Top is another single candlestick pattern that reflects indecision and uncertainty in the market. A spinning top is formed when the closing price is close to the opening price. The Spinning Top has a similar structure to the Doji, but with a smaller but distinct body. The pattern looks like this. 5) Hammer:-Hammer is a single candlestick pattern that appears at the upper end of a candle with a short body and a long lower shadow. If the upper shadow of the candle is small then the pattern is still considered a hammer. Here's what the pattern looks like. Hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
2