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BTC Market Analysis 29/09/2022BTCUSDT pumped after the breakout of its symmetrical triangle but later it got rejected from the horizontal resistance which was also the main target of this symmetrical triangle. Currently $BTC is now trading above its key support levels which are marked in the chart i drew above. If we see some Bullish Momentum here then there will be a bullish sign for BTCUSDT and overall ALT markets, on the contrary if there is a succesful breakdown below the current demand zone, it will then confirm a bearish move in the BTCUSDT and overall cryptomarket. Let me know what you think! MetaFutures.
by MetaFutures
#BTC/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: -Looking at the 4-hour timeframe, the price is consolidating between the tight range of $18K and $20K. The $20K level recently rejected the price to the downside and appears to be targeting the $18K low again in the near future. The RSI, which demonstrated an overbought signal while the market was testing the $20K resistance level, is now showing neutral values, indicating that the market is in equilibrium in terms of momentum. Considering the higher timeframe downtrend, a breakout below the $18K support remains the most probable scenario, and a continuation of the bear market seems likely. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
BITCOIN | Short Term Trading Scenario - Price Is Still BullishBITCOIN | Short Term Trading Scenario - Price Is Still Bullish After the yesterday's sell-off on the market, we saw the same movement also on the crypto market. So as long as it is nothing strange with Cryptos all is fine for us. BTC looks very strong again and it should rise from the strong support area near 18K. The price reaction it is still very good. Targets: 🎯 20105 🎯 20900 🎯 22500 Thank you and Good Luck!
Long
by KlejdiCuni
15
BITCOIN: ONCE AGAIN AT THE SUPPORT LEVEL.Hello traders, it's been quite a roller coaster ride since yesterday. Here's a quick update on BTC in 12 hours timeframe. Preview: In our previous 2 hours TF update, we saw how BTC got rejected exactly from the $20.3k resistance level and we made a save exit on BTC, ETH, and OP trades. Update: Currently, we can see that BTC is back to its previous support level and it is important for BTC to hold it tight. A breakdown below this level could mean a fall below the $18k and that will lead BTC towards $17.6k. Now, $17.6k won't be an ideal place for BTC to stay cause that will disturb the entire trendline and invalidate the rally. A shadow can be expected but a breakdown and close below the support is not something that we want. RSI: The only good thing in this chart is the RSI. Even though the market is dropping down, the RSI continues to rally up. This is one of the strong bullish divergences and I expect something good out of this. That's it from my end. If you have any thoughts or ideas on the recent BTC move then do share them in the comments section. God bless and trade safely.
by Dexter_The_Trader
BITCOIN: THE FACE OFF.Hello traders, here's a quick update on BTC in the hourly chart. BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at $20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest. What is your thought on this recent rally? Do share in the comments. Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart. Thank you for your support.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
13
#BTC/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BTC/USDT UPDATE:-BTC Very Strong Support BTC Is Strong Support Between $18700 to $18500 If BTC Breaks Down Side $18500 Our Chart Will Be Invalid This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
3
BTC Market Analysis 09/2022BTC moving in a symmetrical triangle. There is a tug of war between bulls and bears. Complete indecision in the market. Weekly close is near high volatility can be seen. In order to decide for orderbooks we have to keep an eye on a successful breakout with a good volume or a retest, which will confirm the next move of BTC. Currently its swinging between the weekly close and high. Currently the DXY is moving to higher highs which has a complete reverse effect on BTC movement, so we have to keep a look on DXY too because Bitcoin moves completely in opposite direction to DXY & we all know whats happening with US $. Best of luck!
CME:BTC1!
by MetaFutures
BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: -The price has been fluctuating in a tight range between $18K and $20K in the last few days, preparing for the next crucial move. A double bottom pattern has been formed at the $18K level recently, which could push the price towards $20K once more. In the event of a bullish breakout, both $22,500 and $24K would be key resistance levels to watch in this timeframe. The RSI indicator is also in a state of equilibrium, as recently, it has been oscillating around 50. The bulls and bears are currently struggling to take control, and the market could break out in either direction. However, considering the higher timeframe bearish trend, a breakdown below $18K is still the more probable scenario. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
5
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: - Daily chart, the price failed to break the significant bearish trendline last week. The 50-day and 100-day moving average lines located near the $22K level also played their part in pushing the price to the downside. Currently, the market is testing the $18K support area for the third time. However, considering the overwhelming bearish momentum, a break below this significant level is likely. In this case, Bitcoin would record a new lower low in the current bear market, and the price could drop towards the $15K area and potentially further downward in the short-term. The crash would also further prolong the duration of the bear market and bring it close to a full year. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: -Bitcoin (BTC) fell to a four-month low to start the week, as bearish sentiment remains high in crypto markets. BTC/USD slipped to an intraday low of $18,390.32 earlier in the day, following a floor breakout at $18,645. The drop saw bitcoin hit its weakest point since June 18, the last time this support level was also broken. Many believe the decline comes ahead of this week’s U.S. Federal Open Market Committee meeting, where interest rates are expected to be hiked. Looking at the chart, Monday’s sell-off comes as the 14-day relative strength index (RSI) fell below a floor of its own at 41.30. As of writing, the token is trading below 38.00 and is currently in oversold territory, which could be a positive for those anticipating an eventual turnaround. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
7
BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: - 4-hour timeframe, the price broke above the $22.7K resistance level a few days ago but failed to hold above it and dropped back below fairly quickly. The massive drop has paused at the $19.5K support level for now. However, the market structure looks bullish at the moment, and a $21.7K seems probable. In this case, the $17.6K area could be tested once again to determine whether Bitcoin would make a new lower low or not. This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
#BTC/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: -bitcoin (BTC) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report. Following a peak of $22,673.82 on Tuesday, BTC/USD dropped to an intraday low of $19,497.67 earlier today. Markets had expected August’s consumer price index (CPI) to come in at 8.1%, down from 8.5% the month prior. However, with the CPI coming in at 8.3%, traders’ confidence faded, leading to a bloodbath across the crypto market. Looking at the chart, this sell-off took place following a false breakout of the $22,600 resistance point, with prices now hovering around a key support point. As of writing, BTC/USD is trading at $20,164.21, which is marginally below a floor of $20,600. Should bearish sentiment remain throughout the day, we could potentially see traders target a lower support level of $19,300. This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
#BTC/USDT 1HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: -As we are seeing in btc that btc got dumped suddenly by forming a Bart pattern and we are now seeing RSI bullish in btc so from here we expect that btc should be pumped what do you think do tell in the comment section This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
6
BTC making 2 bullish shark harmonicsLeft Chart : We a have a bullish shark harmonic in process of developing which will complete at $17,870 level, Invalidation or stop-loss for this will be $17,032. If this level breaks down then we will possibly stop at $13k-$15k levels although I still feel we won't go down that further but anything can happen in crypto. Right Chart : Bullish shark harmonic identified on a daily chart which is in play at the moment, Invalidation point is $17,994 and near to that another 🦈 will complete. So we have 2 confluences for bullish price action and I know most people would find it funny but in these dark times we do need something positive. Lets see what unfolds in coming weeks.
Long
by NasirCrypto
2
Bitcoin moving in symmetrical triangleBitcoin is moving inside a symmetrical triangle on a daily chart. Break down target is $18,950 and breakout target is $21,003 Price has been ranging between $19650 to $20400 for over 11 days now. This is considered as a boring market. People are mostly longing from support and shorting from resistance. We will soon see a move on either side because we have some events lined up in coming weeks Sept 13: CPI data Sept 15: ETH merge Sept 21: FOMC rate hike decision September is considered as one of the worse month in crypto, But we know BTC goes opposite of the herd mentality Most of the people are of the opinion that we will see $13K, You can't just out-rightly say this. You have to go from level to level. Firstly we need to break down from $19500 level to see $17K which is a strong level to break. It would be catastrophe for crypto if we go below this level, Like I said bottom is in already and we will consolidate for 2-3 months maximum before moving to the next cycle. Stay patient because you have survived this bear market so you will reap rewards of bull market.
Long
by NasirCrypto
BTC/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: -Bitcoin (BTC) rose for a sixth straight session to start the week, as sentiment in cryptocurrency markets remained mostly bullish. BTC/USD rose to a high of $22,244.38 earlier in today’s session, less than 24 hours after trading at a low of $21,493.03. Today’s rally sees the token now up by over 12% in the last seven days, with some expecting further surges this week. Looking at the chart, the recent bullish momentum has led to price strength moving towards the overbought territory. As of writing, the 14-day relative strength index (RSI) is currently tracking at 59.67, and this comes following a recent breakout of the 55.40 resistance point. In addition to this, the 10-day (red) moving average is now on the cusp of a cross with its 25-day (blue) counterpart, which could signal further surges in price. This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BITCOIN UPDATE: - BITCOIN 4-hour chart, The price has broken above both the bearish trendline and the $20,500 level after rebounding from the $18K area. Currently, the cryptocurrency is testing the $22K resistance level, and a bullish breakout from this level would pave the way toward $24K. However, the trend seems over-extended. This suggests a bearish pullback toward the $20,500 level – which has now turned into support. Additionally, the RSI indicator, which had been signaling a massive bullish divergence before the reversal, is now demonstrating a clear overbought signal with values above 70%. This further boosts the probability of a short-term pullback. This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4