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Btcanalysis

BTC TRAP - What goes up, must go down!Greetings Investors, Traders and of course Beez! Today CryptoQueens have prepared an analysis regarding BTC after its recent pump. So without much talk, let's get to it! In particular if we watch closely the chart, we can observe that price has been moving inside the descending triangle in the Daily time frame for a long period of time. Eventually, price has either to breakout to the above or breakdown. The majority of times, it tends to breakout to the upside. Hence, after bulls, pushed the price above the descending resistance line, a huge inflows of buying power flew directly into the market pushing Bitcoin even further to the point of 23,390$ breaking the previous high of 22,850$. Since then, price has been consolidating, between previous high which acted as support and new high. This especially, indicate us that bull are still present, and that they are preparing for the next leg up. Next Resistance - Bearish Orderblock is standing at 25,000$. In the imminent case of breaking above, we can expect to see prices such as 28,000$, filling the FVG GAP or even test the area of 31,000$ where the next Bearish Orderblock is located. Make no mistake though, after having a quick peek at the image attached to the chart, we can observe that large positions has been liquidated even at the level of 23,300$ and liquidity from above has already been grabbed at the highlighted levels in all exchanges. At this point we can expect high levels of FOMO to flow into the market from retailers. Don't fall for it! IMPORTANT: When price bursts to the upside without consolidation, its considered unhealthy, as it creates no resistance/supports on its way, therefore what goes up quickly, it has to go down swiftly eventually. Moreover, bear in mind that, reversals tend to occur, when everything indicates the opposite! After new high has been formed and price get rejected, we highly anticipate a new low to occur! DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade. If you liked the idea, make sure to support with a like, follow and a comment! Best Regards, CryptoQueens.
by Crypto_Queens_Official
47
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K. The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market. In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level. 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 BTC price trade and analysis situation on crypto marketThe weekend was quite active on the crypto market. Many cryptocurrencies grew in value, including the main one - Bitcoin In general, it happened as we assumed in the previous idea: people started closing shorts either by themselves or by the stops, and the prices of all assets began to grow rapidly. We assume that another impulsive growth to the $24800-25000 area is possible in the coming days This zone is "the last bastion of the sellers' defense". In August 2022, there was already a fierce battle between buyers and sellers in this range, and the sellers won then. We'll see what happens this time, but in this liquidity zone, we will definitely fix some of our long positions in BTC and altcoins, taking profits. This will make it psychologically easier to "look around", make a realistic and adequate assessment of the market situation, and make the right trading decisions in the future. Have a great trading week to all you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
44
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. 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
2
Bitcoin Higher Timeframe Analysis Lets Check Btc Behaviour Of Recent years Btc Over All Moving In Ascending Channel From few Years In weekly Timeframe And Btc Test Trendlines Of Channel And If Its breaks Pattern Withen Channel Than Usually Btc tests Opposite Tl Of channel Now Btc tested Trendline Beautifully And Bounced With strong Buying volume Also Btc Breaks Falling Wedge withen Channel And If we Compare Btc From Its recent history than We Can See Clearly A test Of Upper trendline Of ascending Channel almost (180000) Area
Long
by Worldofchartsfx
4
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. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
Bitcoin BTC price. Our expectations for the coming daysToday, we will offer you several possible trades on the BTCUSDT pair, and it's up to you to decide whether they are worthy of your attention or not. Today, the expiration date for Options & Futures on a number of financial markets. Expiration is bound to cause increased volatility, as it is a mandatory one-step settlement of previously concluded contracts. Someone will sell, and someone will buy, and the trading volume will be huge. This is our expectation for today: - Most likely, shorts will first try to push the price down as low as possible in order to settle at the lowest possible price. - And then many shorts will close positions. Closing a short position is market orders buying. Buying at the market orders usually provokes impulsive and strong growth. Since we can't really estimate how strong the volatility will be today, we put our expectations into 4 trades that fit within the framework of our risk and money management: 1) Entry $20301, Stop $19799, Take profit $22384, P/L 4.1/1 2) Entry $19411, Stop $18759, Take profit $22384, P/L 4.5/1 3) Entry $18771, Stop $18139, Take profit $22384, P/L 5.7/1 4) Entry $18201, Stop $17644, Take profit $22384, P/L 7.5/1 You can agree with these trades and try to trade them, or you can disagree and not trade them. However, you are obliged to write a comment under this idea and like it, so that TradingView can notify you that we have updated the idea and summarized the results of this trading situation. We would also like to note that all of the above trades fit into the structure of a possible continuation of the growth of the Bitcoin price, which was presented earlier: 1-day timeframe 1-week time frame 1-month time frame In total, the crypto market capitalization grew +20% over the month _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
65
The possibility of further growth or entering a corrective wave?Bitcoin is in the short-term bullish channel, and we can still see higher tops and bottoms in the 1-hour timeframe. But these higher ceilings are associated with long shadows, which increase the likelihood of a strong negative reaction. The potential for the price to hit the resistance range of $22,135 to $22,800 has increased. Because the current price is not far from this resistance. As long as a higher ceiling and floor are observed in the 1-hour timeframe, there is a possibility of further growth in the price of Bitcoin, of course, with great caution. But if the support of the bottom of the channel is broken in the range of $20,720 to $20,840, the price of Bitcoin will enter a corrective wave.
by MonoCoinSignal
41
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) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures. The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50. Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate. Looking at the chart, a drop was somewhat expected with the 14-day relative strength index (RSI) tracking near a two-year high in recent days. As of writing, the index is at the 78.40 level, which is marginally above a floor at the 77.00 mark. Should a move below this point take place, it is likely that BTC bears could push prices toward the $20,000 zone. 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
BITCOIN: CREATING NEW SUPPORT LEVELS.Hello traders, I hope you all are doing well with your health and your trades. Here's a quick update on BTC in a daily timeframe. BTC has shown some rejection lately which is close to -6% in a single day. The denial may continue but only if it can break below the support 1 level at $20.35k. If BTC breaks down below the S1 level, we can expect the price to reach $19k and then a possible bounce back. For now, if BTC maintains the support 1 level, it needs a breakout above $21.5k to continue a higher rally. In long term, I am bullish on BTC and if BTC shows some correction then I will accumulate more. That's it, for now. I will update BTC in a shorter timeframe as well. Thank you for reading. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
10
BTCUSD 4H and 1D analysis.After the enormous rise that BTCUSD has seen this year, the price is taking a pause and has started to consolidate. That is partly to harmonize the still vastly overbought 1D technical aspects (RSI = 87.317, MACD = 1105.700, ADX = 82.682) and to some extent short term traders booking profits. As an analytics firm, we suggest that a double time-frame analysis is best suited to analyze the current market dynamics. The key aspect on the 4H chart (left) is the Bearish Divergence. The price is rising inside a Channel Up while the RSI is falling inside a Channel Down. Technically if the price breaches below the Channel Up, it will look for the 4H MA50 for Support validation, which by that time should very near the structure. If broken, that will be the wave that will correct the enormous rise to some extend and a sell opportunity. The 4H MA200 is the most likely target. On the 1D chart (right) the key is Resistance Band 1 and whether or not a candle closes above it. If it does, we expect a rally extension to Resistance Band 2. If Resistance Band 1 rejects the candle, then we go back to the 4H correction mentioned above to the 4H MA200. An element that adds value here is the Support Band. On a 6 month variance it has offered the strongest levels of Support. This means that it is likely to see most candles closing inside it (or above it), which in turn suggests that the 4H MA200/ 1D MA50 may be approached by candle wicks momentarily on high volume candle extensions. Still, that addition can expand your analytical perspective if you are looking for an entry. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
BITSTAMP:BTCUSD
by InvestingScope
4
BTC Price Analysis SHORT !! ??Hello to all traders out there! Here's a BTC in a short situation in my personal opinion. So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL. If we end up breaking that support we might head on down to test the 19126 LVL. If that breaks.. we will go down and test the 18795 LVL. Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :) Have an amazing day all!
Short
by owenNations
Bitcoin Could Get A Hard Time Going Up From HereWe've been bullish since 16k. Now that we're up 4 thousand dollars, which is 30% higher, its time to look at some points of ressistance. At this moment, Bitcoin is already at the top of a resistance zone. I think the market is waiting for tomorrow, since the SPX is also looking at a breakout/resistance. If the SPX can break its resistance, Bitcoin will follow. If it does not, Bitcoin has probably reached its temporary top. In the bullish scenario, the next stops are 22750, and 25500 usd.
COINBASE:BTCUSD
by FetchTeam
3
BTC - More upside before breaking down!Dear Traders and Investors, as all you know Crypto Queens Here. First of all we hope you have a good and profitable week, and that you are resting well this weekend because we are anticipating some intense moves this upcoming week. Without further ado, let's get to it. A fast Short-term update regarding our latest report on 1D - BTCUSDT Post. Everything is going based on plan. BTC tested 17.000$ level, and at the time of writing it is still consolidating above 16.900$, which is a good indicator. A rising Wedge has been formed which as we all know, it's often considered a bearish chart pattern that pinpoints imminent breakout to the downside. Having as an example, the previous one which reacted quickly and broke structure to the downside. Nonetheless, nobody knows, when where that reversal will occur. Therefore, as long as we stay inside the pattern and as the price gradually, moves higher, we are aiming to test the FVG (Fair Value Gap) Area at 17300$. At this point, there are 2 scenarios in play: SCENARIO 1: Close FVG at 17300$ and effective immediately reject, at the point mentioned in the chart (Support), at 16800$. SCENARIO 2: Close FVG at 17300$, consolidate between 17300$ - 17100$ and test the lowest point of the Daily Bearish OB at 17700$, which ultimately will be rejected and lead us all the way to our Daily Bullish Orderblock (Support Area), at 16800$. SCENARIO 3: Check the "link to related idea" . You will find a Long Term view indicated on previous Post on 1D regarding 1st Quarter. IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa. Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens.
Long
by Crypto_Queens_Official
14