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Btcanalysis

Bitcoin Wants 28.8! Will the 3 wave pattern playout?Bitcoin Swept the lows yesterday and reached out target 26.8! I am not yet convinced that we are going lower WITHOUT sweeping the high ~28.8 ( our supply zone) so today with PPI data we could see the move coming. SPX yet has to fill the upper gap, it could touch it today and that will get btc to our target as well then SPX could start bleeding till it gets to the lower gap NQ1 Has bearish Div all over the place.And Ive talked about how to determind a supply or demand zone. 3 wave pattern = Dump,Pump,Dump . the first dump happend and we are wating for the two next move. Thanks for all your support- means a lot to me.
Short
by pcmonk
BTC/USDT Binance BINANCE:BTCUSDT Binance 4H hollow candlesticks After the price breakout, we saw an all-time high (ATH) at $31000. The beginning of the Support area, results from the extension of the upper point of the first Fibonacci retracement, combined with the extension of the golden ratio of the second Fibonacci retracement. It seems that an uptrend parallel channel has been formed. Conclusion: The price is expected to fluctuate, within the uptrend parallel channel and the Support & Resistance areas. Bitcoin Price (BTC) = $30.460,23 -0.84% = 14.47 ETH -0.67% Market Cap: 278.166.387.330 24h Vol: $47.878.436.872 Dominance: BTC: 46.1% ETH: 19.8% Good Luck #CryptoHellas Team
by CryptoHellas
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin After finding support at the 50-day moving average of around the price started a steady increase, aiming to cross the $30K area for the second time. However, bitcoin failed to overcome this important resistance area, resulting in a slight decline. Nevertheless, BTC price is currently consolidating within a tight range of the 50-day moving average at $28K and $30K. A breakout beyond the $30K area would significantly impact market sentiment, as it is a key psychological resistance. Conversely, a drop below the 50-day moving average could result in volatility and consolidation in the lower price ranges. 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
Long
by CryptoSanders9563
Bitcoin- Bulls should watch 28500 zone carefulyAfter the recent top of around 31k, Bitcoin has started to correct the strong bull run that started at the beginning of 2023 and has dropped to 27k. Big volatility followed and now bulls are trying to recover the lost ground. However, the recent rise from 27500 is not very convincing and the pattern resembles a rising wedge. A drop under 28500 would expose the 27k zone, but more importantly, would put pressure on the downside and could announce a top at 31k. On the other hand, if bulls reconquer 30k a new high could follow. From a speculative perspective is better to wait and see.
BITSTAMP:BTCUSD
by Mihai_Iacob
11
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) rebounded on Wednesday as all attention in the market turned to today's Federal Reserve rate decision. After a low of 27,935.73 on Tuesday, BTC/USD rose to a high of 28,881.30 earlier in the day. This came after Bitcoin rejected a breakout below its long-term floor at 27,600 to start the week. Overall, momentum is little changed, as the 10-day (red) moving average has moved closer to its 25-day (blue) counterpart. Should this crossover to the upside occur, it could be a sign that the bulls need to increase the pressure, potentially taking BTC above 30,000. For this to happen, the Relative Strength Index (RSI) must first cross the ceiling of the 52.00 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/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) continued to trade lower on Monday, as markets consolidated ahead of a pivotal week of economic events. Following a high of 29,952.03 on Sunday, BTC/USD slipped to an intraday low of 28,360.50 earlier today. This move saw Bitcoin briefly fall below a critical support point at 28,500, hitting its lowest point since April 27. Overall, bitcoin remains nearly 4% higher than at the same point last week, when prices were close to the 27,000 mark. As a result of today’s sell-off, the relative strength index (RSI) has dropped to a floor of its own at 50.00. The index is now tracking at 50.09, with BTC rebounding from its earlier low, and currently trading at 28,591.66. 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/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) After the uptrend, bitcoin reached the crucial $30K resistance level and failed to sustain above. However, after a short-term correction phase that resulted in a 14% drop, bitcoin found support at the 50-day EMA at $27.3K. This has prompted another uptrend, which provides a positive signal for the overall outlook of the cryptocurrency, indicating that the bulls are in control. However, BTC is currently facing an important and decisive resistance level at the $30K price area and it is attempting to break out of it. If successful, it could start a strong bullish rally towards the $40K price channel. On the other hand, if the price fails to overcome this crucial level, a double-top pattern will form, potentially leading to another bearish leg. 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.
by CryptoSanders9563