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Btcanalysis

Strong Resistance/Bullish and Bearish Conditions/Buying PressureBitcoin was supported the previous day by a retracement to the $17,322 range, which is the 50% Fibonacci retracement range, and rose to the resistance levels considered for it in the $18,000 range. The increase in the price of Bitcoin has continued until the previous ceiling in the range of 18,389 dollars. Resistance on the chart for the past seven months has much power to react. The important point is that in the daily time frame, the number of bullish candles and the shape of the candles are all signs of buying pressure. So this time, if there is an attempt to break the resistance of the previous ceiling and form a higher ceiling, we can get a strong signal for a trend change in the 4-hour time frame. For the short term and in the lower time frames, we expect the formation of a range trend below the current resistance for Bitcoin. If Bitcoin can break this strong resistance of $18,389, located in the area of ​​100% daily Fibo, its next target is around $18,500 and then $19,200. If the Bitcoin force does not reach this resistance, the specified supports will be its stations. Be sure to use risk and asset management in your trades.
by MonoCoinSignal
18
Bitcoin price bottom reached? Then target for growth is $355000Today our main goal is to inspire you with positive thinking, because there is too much negativity in the market. Therefore, immediately a spoiler: "who will not give up and stay in the cryptocurrency market, they will be happy in the future" To begin with, the current fall of the cryptocurrency market is directly linked to the possible bankruptcy of FTX. But not everything is clear, there are many backstage games and such problems do not arise and are not solved in a few days. Yesterday Binance wanted to buy FTX, but now it does not. There is hope that next week Justin Sun will inject its own liquidity and save FTX. In general, we started to keep a chronology of events around FTX on the FTTUSDT chart back on 07.11, when the price was $22.6, if you are interested, we invite you to read: To summarize, the FTX liquidity gap is currently estimated at $8bn, only the theft of BTC from MT.Gox in 2014 at the current price of +/- $11bn was bigger. This is if we compare the problems of crypto exchanges, which at one time occupied 2-3 places in the top. Here is the BTCUSD chart since 2012. On this chart, we depicted parabolic arcs accompanying the growth and correction of the Bitcoin price from the beginning of trading and into the future. The red arc shows the limits of critical falls The blue arc shows the boundary of historical highs. The range between the yellow and red arcs indicates critical purchases by "big money" while small and medium deposits sell their assets due to "bad news" Above the yellow arc, the growth trend is gaining a natural character. After breaking through and fixing the price above the light green arc, the growth trend accelerates. Also, the range between the light green and blue arcs can be called a "healthy environment for the Alt-season" Why do we think that the bottom, if not already was, is very close? Below we will present you some of our ideas that we published during the last 2 years. Not to brag or anything like that, but to show that in different periods of the market, calculations, patterns, or fractals have suggested +/- the same range of potential "bottom" in the future. Publication from 28.02.2021 If you re-read the idea and turn on the workout, you will see that the target of the drop was $12000. However, this fall has shifted in time, and now the price of BTCUSDT is at the marginal support of dynamic Fibo levels. Publication from 19.10.2021 The assumption was the formation of the "Double Top" reversal pattern. The range of working out of this pattern is from $63k to $12-16k Publication from 25.01.2022 The growth was stopped by sellers at the critical point of $44500 and finally broke through the parabolic growth trend. The possible range of BTC price drop is $12-14k Publication from 08.05.2022 with a screaming name that the apocalypse in the cryptocurrency market is possible if the "Head and Shoulders" pattern begins to work out Unfortunately for most crypto enthusiasts, this pattern has already started its development. The target of this pattern is above $14900, the current low of $15500 is very close and the statistical error has not been canceled. Of course, only you can evaluate the development of ideas, we are ready for constructive criticism in comments under this idea. Let's move on. The Bitcoin price chart clearly shows one interesting pattern. Previously, there was already "BTC halving" 3 times. And it turns out that "the halving" was exactly in the middle between the absolute bottom and the absolute maximum of the current trend price movement. It happened in 2012, 2016, and 2020, just check it on the chart. The next halving is projected for early April 2024 (it may fluctuate +/- a few weeks depending on the BTC mining capacity involved) So if we compare all the facts and assumptions based on this chart, we can come to the following conclusion: - "The absolute bottom of the current trend may occur in the coming days/weeks, if not already was, in the range of $14-16k. According to our calculations and assumptions, the potential for BTCUSDT price growth is up to $355-360k . In terms of time, such a goal can be achieved no earlier than autumn 2025. If you liked our visualization and description of the chart: like it and write a comment under the idea. In this case, you will be subscribed to the idea, will receive updates on our thoughts on it, and will also be able to track the development for the next three years. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
48
6 Reliable Bullish Candlestick PatternHello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. 6 Reliable Bullish Candlestick Pattern 1) The Hammer 2) Bullish Engulfing Crack 3) Bearish Engulfing Sandwich 4) Morning Star 5) Tweezer Bottom 6) Piercing Line 1. The Hammer:- Hammer is a bullish candlestick reversal candle. Which is formed within the next few candles. As the price declines sharply, we anticipate a final bounce. But how can we estimate without falling into overselling? That's where Hammer comes into play. This gives us evidence that the selling pressure is subsiding or being absorbed. Furthermore, if the volume signature associated with the hammer candle is significant, it adds even more confidence to our thesis. We are looking to cash in on shorts who are taking profits and covering, as well as dip buyers who are taking chances here on oversold positions. Expectation? an assembly. Ideally, you identify a hammer candle, take a long position on a break on the upside of the candle, and set risk on the low or in the body of the hammer. Bullish Hammer Example;- Let’s look at a real-life example with BTC. Right off the open, BTC retests the lows from the pre-market. Once it reaches those levels, volume increases slightly as it reverses on the 5-minute chart seen here. Visibly, there is a “shelf” forming near the low of the hammer candle’s body. The bar to the left and right is also closed and open in that price “shelf” area. The second 5-minute chart opens with a bit of weakness, then rallies strongly above the Hammer candle. This is your signal to go long. The break of the Hammer candle body. Set the stop below the close of this bullish 5-minute candle. 2. Bullish Engulfing Crack:- You can imagine that shorts will start covering given the rising price of the stock. This adds fuel to the already existing buying pressure. The result is a bullish candlestick pattern that swallows up the bears' efforts. For the long-biased trader, the opportunity is perfect. As is the case with any setup, we are looking for evidence to sway our confidence in either direction. The fact that the bears completely got away in this single bar is proof enough for us. You go long on the break of the previous bar and set the stop on the low. Bullish Engulfing Examples:- Here's a snapshot of BTC, which provided us with a beautiful opening range breakout (ORB) opportunity right out of the gate on this particular day: After the selloff, buyers come in and remove the selling pressure from the pre-market, engulfing the bears before moving up. To be safe, you enter long when the red candle breaks, setting your risk at the low level or body of the first green candle. There are some advanced traders who are more aggressive and may take their positions early if they feel a reversal is imminent. 3. Bearish Engulfing Sandwich:- do not be confused. Just because the name says "bearish" doesn't mean it's a bearish pattern. Far from it, actually. It is often referred to as a stick sandwich. The name is derived from the sandwiching of a "bearish engulfing" candle by two bullish candles. Thus, it is a bullish candlestick pattern in this context. Similar to the above example of a Bullish Engulfing Crack, this pattern takes a bit longer to "move through" so to speak. Essentially an extra bar. The perception is that the trend has reversed and we are now going down. After all, the bearish engulfing candle gives us that confidence, If you're on the smaller side, there's hope. However, stocks don't always do what we want them to. We have to react to what the market gives us, not what we think should happen. In this case, the Bearish Engulfing Crack is used by two bullish candles that move upwards. If you are short, hopefully, you have respected your stop loss. If you are a long-time bias, here is a good opportunity for you. Bearish Engulfing Sandwich Example:- After opening with a 5-minute candle chart, BTC gives a great view of it in real-time. In this case, the right side of the sandwich acts similarly to the Bullish Engulfing Crack candlestick pattern. For all intents and purposes, you should treat your entries and risk according to the same pattern. 4. The Morning Star:- Morning Star should gap down. It's difficult to find on an intraday basis. For this reason, we are good enough for a solid Doji candle reversal pattern. The opening candle should be long-bodied and bearish. The middle candle is the one with the smaller body. A reversal candle is another bullish candle with a long body (usually gaping up). The close of this bullish long-bodied candle should be above the midpoint of the first candle. Without much selling pressure, the candlestick climbs to higher prices as sellers cover and buyers take advantage of discounted stock pricing. Morning stars can also appear as morning Doji stars. They look almost identical except for the body of the middle candle. The story of buyers and sellers remains the same. Bullish Morning Star Example:- You can see this in action with the BTC example below. A long-body bearish candle, followed by a narrow-body indecision candle. The bulls take control of the next candle and the rest is history. It is worthwhile to note the volume of the first candle. We cannot assume that this is a complete recession. As you can see, there is buying pressure at lower levels. When a Doji candle is formed, it gives us confidence. As a result, as soon as the price moves away from the lower level of the green candle; It does this in small amounts. How can we explain that? It took less effort to increase the price. Therefore, we can assume that the reverse is "ease of movement". This should give us confidence in our long position. 5. Tweezer Bottom:- The Tweezer Bottom Bullish candlestick pattern consists of two candles – usually with small bodies. The first should be a red/bearish candle, and the second a green/bullish candle. Theoretically, the Tweezer Bottom alerts the chart reader to the fact that an attempt is being made to push the price down, but to no avail. Two smaller-sized candles represent the presence of demand in the market. Supply is being absorbed keeping candles short in the presence of selling pressure, so the volume sign will appear higher. Entry should be taken as soon as the price breaks through the second candle. Stops can be set on the lows. Bullish Tweezer Bottom Example:- BTC is displaying a beautiful tweezer bottom candlestick pattern for us on the 5-minute chart. Note the narrow bodies of the two candlesticks, their symmetry, and the close range from red to green. The volume of this first red Doji is particularly interesting. Note how high it is here. Given the context, we can interpret this as an absorption of supply. The second candlestick (green) then rapidly decreases in volume. Thus, our thesis is confirmed that sales are absorbed and eliminated. 6. Piercing Line:- The piercing line may look similar to a bullish engulfing pattern. The exception is that the piercing line does not completely encircle the previous candle. It is still considered a bullish candlestick pattern as it overcame the downward momentum to close at least midway in the body of the previous candle. It pierces the bottom line but inevitably retraces. Bullish Piercing Line Example:- Piercing lines may present a greater risk to reward at lower levels of support. They can also act as a spring in the trading range. This 5-minute chart of BTC shows the combination of an opening range breakout (ORB) with a piercing line. Together, it's a combination that can really add confidence to our entryways. As with any setup, the more evidence we have to confirm our bias and plan, the better. For this reason, it is always good to ask yourself: Are the trends in my favor? Is it time for a change? Does the volume confirm my thesis? Is the stock in an area of support or resistance? Are the multiple timeframes in line with my view? Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
7
The 4 Most Common Indicatorshello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. Trend traders attempt to isolate and extract profit from trends. The method of trend trading tries to capture gains through the analysis of an asset's momentum in a particular direction; there are multiple ways to do this. Of course, no single technical indicator will punch your ticket to market riches; in addition to analysis, traders also need to be well-versed in risk management and trading psychology. But certain strategies have stood the test of time and remain popular tools for trend traders who are interested in analyzing certain market indicators. Moving Averages:- Moving Averages:- Moving Average is a technical analysis tool that smoothes price data by creating a continuously updated average price. On a price chart, the moving average forms a single, flat line that effectively eliminates any variation due to random price fluctuations. The average is taken over a specific period of time—25 days, or any time period that the trader chooses. For investors and long-term trend followers, the 200-day, 100-day, and 50-day simple moving averages are popular choices. There are many ways to use moving averages. The first is to look at the angle of the moving average. If it is moving mostly horizontally for an extended period of time, the price is not trending, it is ranging. A trading range occurs when a security trades between high and low prices consistently for a period of time. If the moving average line is in an upward direction, then an uptrend is underway. However, moving averages do not make predictions about the future price of a stock; They simply reveal what the price is doing on average over a period of time. Another way is to use crossover moving averages. By plotting the 200-day and 50-day moving averages on your chart, a buy signal occurs when the 50-day crosses above the 200-day. A sell signal occurs when the 50-day crosses below the 200-day. When the price moves above the moving average, it can also be used as a buy signal, and when the price moves below the moving average, it can be used as a sell signal. However, the price is more volatile than the moving averages, so this method is more prone to false signals, as shown in the chart above. Moving averages can also provide support or resistance to the price. Moving Average Convergence Divergence (MACD):- Moving Average Convergence Divergence (MACD):- The Moving Average Convergence Divergence (MACD) is a type of oscillating indicator. An oscillating indicator is a technical analysis indicator that oscillates over time within a band (above and below the centerline; the MACD oscillates above and below zero). It is both a trend-following and momentum indicator. A basic MACD strategy is to look at which side of the MACD line is zero in the histogram below the chart. If the MACD lines are above zero for a sustained period of time, there is a possibility of an uptrend for the stock. Conversely, if the MACD lines are below zero for a sustained period of time, the trend is likely to be down. Using this strategy, potential buy signals occur when the MACD moves above zero, and potential sell signals when it moves below zero. Signal line crossovers can also provide additional buy and sell signals. The MACD consists of two lines – a fast line and a slow line. A buy signal occurs when the fast line crosses through and above the slow line. A sell signal occurs when the fast line crosses through and below the slow line. Relative Strength Index (RSI):- Relative Strength Index (RSI):- The Relative Strength Index (RSI) is another oscillating indicator, but its movement ranges between zero and 100, so it provides different information than the MACD. One way to interpret the RSI is to view the price as "overbought" - and due to a correction - when the indicator is above 70 in the histogram, and to view the price as oversold - and due to a bounce - when the indicator is below 70. is 30. In a strong uptrend, the price will often reach 70 and above for sustained periods of time. For a downtrend, the price may remain at or below 30 for a long period of time. While general overbought and oversold levels can sometimes be accurate, they may not provide the most timely signals for trend traders. One option is to buy near oversold positions when the trend is up and short near overbought positions in downtrends. For example, suppose the long-term trend of a stock is up. A buy signal occurs when the RSI crosses below 50 and then crosses back above it. Essentially, this means that the price has come down. Hence the trader buys when the pullback appears to be over (according to the RSI) and the trend is resuming. The 50-level is used because the RSI typically does not reach 30 in an uptrend unless a potential reversal is taking place. A short-trade signal occurs when the trend is down and the RSI moves above 50 and then moves back below it. Trendlines or moving averages can help establish the direction of the trend and in which direction to take trading signals. On-Balance Volume (OBV):- On-Balance Volume (OBV):- Volume is a valuable indicator in its own right, and on-balance volume (OBV) takes important volume information and compiles it into a single-line indicator. The indicator measures cumulative buying and selling pressure by adding volume on "up" days and decreasing volume on "down" days. Ideally, the volume should confirm the trends. With an increasing price there should be an increasing OBV; With a falling price, the OBV should also fall. If the OBV is rising and the price is not rising, it is likely that the price will follow the OBV in the future and start rising. If the price is rising and the OBV is flat-lining or declining, the price may be nearing the top. If the price is falling and the OBV is flat-lining or rising, then the price may be nearing the bottom. The Bottom Line:- In addition to providing trend trading signals and warnings about reversals, indicators can simplify price information. The indicators can be used on all time frames, and for the most part, they have variables that can be adjusted to suit each trader's specific preferences. Traders can combine indicator strategies - or come up with their own guidelines - so the entry and exit criteria for trades are clearly established. Learning to trade indicators can be a difficult process. If a particular indicator appeals to you, you may decide to do further research on it. Most importantly, it is a good idea to test it before using it to trade live. And for those who have never actively traded before, it is important to know that opening a brokerage account is an essential first step in gaining access to the crypto market. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
5
BITCOIN WEEKLY UPDATE: BULL RUN IS AROUND THE CORNERGreetings, traders. It has been a good new year start with BTC moving up and good gains in the altcoins lately. Note: This is an important update so do read it till the very end. It will be much better if can spare your valuable time to read this update. Today, I want to share with you all a thorough analysis of bitcoin and where the price is going to head next. Highlight: It has been a long 420 days of a bear market ever since BTC hit the new all time high. Things have been pretty rough but that's part of the game. In a shorter timeframe, BTC has broken above the $17k resistance line which is good for the market. Weekly Analysis: In the weekly timeframe, BTC is resting under the support and resistance horizontal line. These two lines are going to be crucial for BTC and the entire market. The resistance is based on 2017 all time high and the support line is based on the 2019 high. Now, the supporting trendline (in white) shows how BTC has maintained it and BTC actually started rallying right after it hit the lower trendline. The resistance trendline shows the next bull run target for BTC which is beyond the $100k target. The RSI is at the oversold range which shows a positive indication of a massive rally coming soon. Bull Run: I believe the bull run is around the corner but before we see a rally, we may witness one last drop. From the current price, BTC can reach up to $18k to $19k, and then it may take drop back to $15k or below it. With such bullish hype in the market, things look skeptical and it could head in any direction. But one thing is clear if BTC has to drop then the support level will be between $13.9k and $14k, and if BTC has to rally then it must surpass the resistance of $19.9k to $20k. Key points: 1. Support level: $13.9k or $14k. 2. Resistance level: $19.9k to $20k. 3. Entire social showing bullish news (which could be a trap). 4. RSI indicates a bullish rally. I hope this update was helpful. Do like, share, and comment to show support for our community. Thank you so much and trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
9
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 53% BTC, 47% Cash. * The December US Employment Situation was released this morning , the Unemployment Rate is back down to 3.5% from 3.7% in November, while 223k Nonfarm Jobs were added (compared to 263k in November) and the Labor Force Participation Rate ticked up to 62.3% from 62.1% in November. These numbers hardly reflect an economy affected by higher central bank interest rates and will likely spur conversation regarding whether or not to go back to a 75bps rate hike (as opposed to 50bps) come February 1st. The Fed Minutes released yesterday reaffirmed that the Fed is committed to bringing down inflation, they don't see rates cuts in 2023, and that Russia and China both are still major factors of supply chain disruptions which will continue to reverberate through global markets until some resolution is found. In the report, notable changes are significant rises to consumer credit and decreases to commercial real estate construction and investing. December Global Manufacturing PMI released on 01/03 showed an accelerated decrease to 48.6 from 48.8 in November, influenced primarily by lower output from USA, China, Japan and Europe, and is now at a 30-month low. Among the countries which saw an expansion of output production, Russia and India were in the top 5 (BRICS). The latest GDPNow US Q4 GDP estimate (01/05) is 3.8% , down from 3.9% on 01/03. Cryptos, US Equities, US Equity Futures, 1-M and 2-M US Treasurys, Energy, Metals, Agriculture (Mixed), EURUSD, GBPUSD, JPYUSD, CNYUSD, NI225 and N100 are up. DXY, US Treasurys, VIX and HSI are down. Key Upcoming Dates: Next GDPNow US Q4 GDP estimate 01/10; US December CPI at 830am EST 01/12; UofM Preliminary Consumer Sentiment Index at 10am 01/13. * Price is currently trending up at ~$16800 as it continues to test the 50MA for the tenth consecutive session. Volume remains Moderate (moderate) and is on track to favor buyers in five out of the past six sessions; Price continues to trade within the second largest supply/demand zone. Parabolic SAR flips bullish at $17600, this margin is mildly bullish at the moment. RSI continues to trend sideways at 50 for the third consecutive session as it aims to retest the upper trendline of the descending channel from January 2021 at 57 as resistance. Stochastic remains bullish and is currently trending up at 97 as it approaches max top. MACD remains bullish for a fifth consecutive session and is currently trending up at -63; the next resistance is at 312 while the next support (minor) is at -232. ADX continues to trend down at 16 and is beginning to form a soft trough as Price continues to trade in range with a short term uptrend, this is bearish at the moment. If Price is able to break above the 50MA at $16800 and establish short-term support there, the next resistance is the local-high at ~$18600 as resistance before potentially testing $19417 resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (one close below) $16300.
COINBASE:BTCUSD
by dailytaguy
BITCOIN: $18K POSSIBLE.Hello guys, welcome to this BTC update in 6 hours timeframe. For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then $18k is expected. For support, we already have the lower support line at $16.6k. So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must. Key points: 1. Expected target: $18k. 2. Invalidation point: Close below $16.6k. 3. Confirmation: Breakout above the blue box. Thank you for reading. Stay healthy and trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
6
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:- BTC bounced from the local support after a successful retest but got rejected after hunting stops above horizontal resistance and MA 200. It has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is consolidating in a shape of a handle. A solid breakout of the horizontal resistance would be a bullish continuation sign in it, and the invalidation of the handle is a breakdown of the local support with a retest below it. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
BTC Technical Analysis 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze BTC next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . In particular from a technical point of view, BTC after testing the area around 18400$, it created a huge Bearish Orderblock ( Resistance area ), effective immediately, and reached the PoC (point of control at the level of 16550$ and has been consolidating since then. It is also important to mention that, Bullish Divergence in Volume has been forming since then in the Chart: Volume decreases steadily - Price making higher lows, hence Bulls are in control. Taking under consideration all these statements, let's get to it! As we can clearly observe on the chart, we retested the minor Orderblock at 16800$, and the price retraced to the PoC immediately! That's a good sign considering big moves tend to occur, after a huge period of consolidation. Planning forward, after retesting the lows at 16350$ in the forthcoming days, we expect price to move accordingly: Test the HUGE Orderblock at 17700$, Reject to the newly formed lowest resistance at 16800$ Retest the Bearish Orderblock Consolidate inside the area between 17700$ -18400$, building up capital for the next leg up Market makers move the Price to SL hunt area, liquidating retailers, and convincing them a leg down is on the rails. Price pumps breaking the OB and finally filling the Fair Value Gap Area around 19500$ - 20000$, building inner confidence to the retailers, indicating us a Reversal. TIP: Reversals do tend to occur, when everything indicated the opposite! Breaks all support areas and creates a new low below 15500$. Consequently after analyzing the technical perspective, we plan to move based on the above-mentioned! Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa. IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens.
Long
by Crypto_Queens_Official
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BitcoinBitcoin continues the sideways movement. The market is loading for a big impulsive move. The trading range major support is the $15,000-$15,500 area and major resistance is the $17,800-$18,500 area. Plan your trades accordingly. 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:BTCUSDLong
by CryptoSanders9563
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin respecting the channel trendlines. Still, there is no movement in the market. Bitcoin CME trading is closed till 3rd January so we may not see much movement in the market. Some volatility is expected in the second week of January. 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 ready to either Pump or Dumpaccording to the chart, BTC is on the ascending trend line in 4H time frame. If BTC break the green area (order Blok) it can goes up and reach our targets. But if its brake down the trend line our Sell position will active, and we can reach our sell targets. on the other hand, we have ascending Fibonacci channel support and resistance. Pay attention to those area. be aware: this is not a financial advice. opening any position is on your own risk.
by DarknessEmpire
4
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC is holding above the ascending trendline support on 8h TF. RSI is in the oversold region and also holding above the trendline support. The volume is low here and for the confirmation of bullish momentum back in the market, bulls need a solid breakout of the horizontal resistance, where MA100 and 50% retracement level are also acting as resistance. A sustained breakdown of the ascending trendline support would confirm a downward move toward the horizontal support from where we could expect a bounce back 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
4
Adding on to BTC long @ 16,500 10x leverageSorry I went AWOL, I had the sickness that shall not be named for a while. Feeling better now. I am adding 1 BTC onto my BTC position. I have had this position open in a cross margined account for over a week now. This is going to be a long play for me, not worrying about the fees for now. Fundamentally, I've rarely seen BTC move in such a consolidated manner for so long. Not sure if it's just the holidays / end of the year or a mixture of that + the FTX fallout, but waters are far too calm and I'm on high alert. Technically, we just broke underneath our Keltner Channel and are looking to enter back into the channel, a sign of a reversal. We're currently in a descending channel and are far away from our Ichimoku Cloud of resistance on the 4-hour. I believe we'll retest this over the coming days. I also believe we'll retest the 200-day EMA and the major area of resistance I've marked with a red box. More updates soon.
BITSTAMP:BTCUSDLong
by WatsonsView
9
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC effectively breakdown the ascending triangle following the downward move. As of now, it is holding over the marked low of $16,559. If bulls won't show strength here, then the downward move will continue toward the horizontal support or the lower marked strong low support. For the bullish confirmation, bulls need to break out the horizontal resistance around $16,940 with a retest above it to confirm a decent bullish 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
2
CAN BITCOIN RALLY UP TO $18K ONCE AGAIN?Hello guys, Dexter here with yet another update on BTC in 6 hours timeframe. For the last 7 days, BTC has been moving slowly, forming small candles and one or two reds and greens in between. The price ranged between $16.4k to $16.9k which is okay and still doing well. This price range has been supporting BTC for quite some time and has recently created another supporting trendline (The yellow dotted line). If BTC can manage to hold this support then we can expect BTC to reach $18k soon. Breaking below the yellow dotted line may indicate a drop close to $15.3k. Trade Setup: I am doing long on BTC at CMP with SL at $16.2k. The target will be close to $18k. A straight 10% gain if pumped and a 3% loss if it breaks down. Sounds like a good R:R ratio. Note: Take a trade only if you are confident enough. Not financial advice. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader