NEO SHOWING SIGNS OF STRENGTH Breaking Falling wedge In daily Timeframe
Rsi Bulish Dirvergence Also Confirming Strength For bulls
Incase Of breakout expecting Massive Bulish impulse
Btcanalysis
BTC Crucial Decision Area!Greetings Dear Investors and Traders!
Today we will analyze BTC both from a technical point of view and fundamentally! Without further Re-do, lets get to it!
After FOMC announcement at 14th of December, we faced hard rejection around 18,400$ area. Having said that, and considering BPS was increased by 50, We reached an all time high since 2007 when it comes to interest rates.
At the moment of writing price broke below the area of 17,500$, leading us to further drop at the local Fair Value Gap, which is also considered a critical decision point.
SCENARIO 1: In particular, if price breaks the threshold of 17,180$ which is the lowest key-point of the FVG, we forecast the price to touch the Orderblock indicated at the chart, which is also the local support area , around 16,881$ - 16,771$.
SCENARIO 2: On the other hand, which is more likely to occur, if price holds and daily candle closes above 17,500$, we can expect price to start gaining momentum to the upside. Hence, BTC is more likely to retest the recent Local High.
Nonetheless, if price get rejected and create a double top , that could indicate a valuable short opportunity, pinpointing us downward to the Orderblock area.
Alternatively, if price holds at the previous local high and consolidated at these levels, we can assume that buying pressure is kicking in, and a new upside move is on the way. Hence, that will eventually lead us to fill the Gap which operates as a magnet at 19,100$.
Make no mistake though, sentiment is still bearish , and moves tend to be hawkish. Therefore, after filling the Fair Value Gap at the abovementioned level, we consider that as a reversal area, and price most likely will try to fill the Orderblock at 16,700$ area.
Bear in mind though, reversals tend to occur, when everything indicated the opposite!
Trade with caution! Low leverage is advised at any circumstance!
Not a Financial Advise!
Best Regards, CryptoQueens
BTC And ETH Falls From 5-Week High as Traders Continue to DigestHello, welcome to this BTC And ETH DAILY chart update by @CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin ( BTC ) was again trading below $18,000, as bears reentered the market following the latest Fed meeting.
Following a move to a five-week high of $18,318.53 on Wednesday, BTC/USD slipped to an intraday low of $17,642.51 earlier today.
The drop seemingly comes as traders moved to secure profits, after recording three straight days of gains.
Looking at the chart, this reversal in price coincided with the 14-day relative strength index (RSI) failing to break out of a ceiling at 60.00
The index is tracking at the 57.17 mark, with the next visible point of support at 54.00.
Should price strength find its way to this floor, it is likely that BTC will be trading close to the $17,200 point.
CHART ANALYSIS:-Ethereum (ETH) also moved lower on Thursday, following the U.S. Federal Reserve’s decision to hike rates by 0.5%.
After the decision, Fed Chair Jerome Powell gave some market guidance stating that they “are getting close to the level we think sufficiently restrictive.”
ETH/USD fell to a bottom of $1,280.52 earlier in today’s session, less than 24 hours after hitting a high of $1,346.17.
As seen from the chart, the drop comes as ETH failed to sustain a breakout from its long-term ceiling of $1,300.
Overall, prices are down by nearly 4% from yesterday’s peak, with the RSI currently tracking at 50.92, which is marginally above a floor of 50.00.
Bulls will see this as a positive and have hopes that today’s sell-off will not continue throughout the rest of the week.
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
BTC CAN DROP HARDLYI hope you are fine .
I think we had a FLAT pattern, now wave 3 of C of our FLAT pattern is finished and the expectation is that we will fall to the 14K channel.
Before falling, it may move a little sideways and then fall.
Every position you open, don't forget to manage volume , leverage and set stop
BTC CAN DROP HARDLYI hope you are fine .
I think we had a FLAT pattern, now wave 3 of C of our FLAT pattern is finished and the expectation is that we will fall to the 14K channel.
Before falling, it may move a little sideways and then fall.
Every position you open, don't forget to manage volume, leverage and set stop
Double bull divergence on 1D + pushing against local resistance.If breakout, expect to attempt on 200 DMA which is around 20-21k.
BITCOIN: A DECISION TO MAKE.Hello traders, welcome to today's BTC update in a daily timeframe.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then $19k is the target but if it gets rejected then $16.5k to $15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
#BTC/USDT Geopolitical Factors or Manipulation?Welcome to this Quick BTC Update.
A close below $16588 will trigger a bearish rally toward $15k.
I see a bullish rally in the charts with a target of $18k+.
BTC is currently hitting the support with a demand zone from $16500 to $16800 level.
The Russia-Ukraine war is back again, recently 100 missiles were fired again.
This has been going on for a long time.
The FTX saga is over, there's no more pain IMO which is bigger than the FTX.
I AM ACCUMULATING.
Good thing, we closed 75% of our 7 altcoin positions in massive profit when BTC was trading above $17.2k.
25% stopped out with a low profit.
Only CHZ was stopped out with a small loss.
You were warned on multiple platforms.
Check out if you haven't yet.
Not Financial advice, DYOR!
Do hit the link button if you want to support my work as it motivates me to post more setups and updates like these.
Thank you
#PEACE
BTC UPDATE (goes higher)Before this, due to meeting the time and price requirements, I thought that we were inside a diametric. Now that more candlesticks have been done, I think we are in a flat pattern. I think we are now in wave 2 of C of this flat and we can go up again. According to the requirements of the accelerators, I think we should move from the green box to the SUPPLY area.
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the United States.
Inflation figures will be released on Tuesday, and are expected to fall to 7.3%, down from 7.7% the month prior.
BTC/USD fell to an intraday low of $16,899.39 during Monday’s session, a day after hitting a high of $17,245.64.
As seen from the chart, today’s decline saw bitcoin move lower for a fourth straight day, edging closer to a floor of $16,700 in the process.
The 14-day relative strength index (RSI), which is currently tracking at 47.42, is also nearing a resistance of its own at 46.00.
Depending on tomorrow’s inflation figure we could see BTC move below $16,700, potentially toward the $16,000 mark.
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
Bitcoin Right Now looks like when Bitcoin was at $32,000 Price is behaving similarly to when Bitcoin was at $32,000, lots of bull traps then a huge drop to $20,000 I think we could soon see $10,000 for Bitcoin.
Drop to $14,000 for Bitcoin SoonI cant predict or know how price will go but I have a strong feeling we wont be making any more highs now, this pump was the highest we will see bitcoin for a while. We could see another pump but I would short.
I highly doubt we will break above the white semi circle as there is strong rejection from those levels.
NFA, do what you believe at the end of the day.
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies continued to trade in the red.
BTC/USD slipped to a bottom of $16,750.56 earlier in the day, less than 24 hours after trading at a high of $17,061.48.
The move saw the world’s largest cryptocurrency move closer to a recent support point of $16,700.
After failing to break out of a ceiling at the 50.00 level earlier in the week, the 14-day relative strength index (RSI) is now tracking at 45.50.
Should price strength continue to plummet, the next visible point of support seems to be at the 43.00 mark.
Bears in the market will be hoping that this floor is not only hit but broken, which could trigger a move below $16,000.
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
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC successfully bounced after taking some correction and hunting stops below the mid-range and this could be the completion of the corrective wave.
Currently, bulls are showing momentum and a move above the previous high of $17,424 with a retest above it, would be the indication of the continuation of bullish impulsive waves.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Important warning for Bitcoin!The patterns show the possibility of continuing the neutral phase in the $15,000!
In November, the price of Bitcoin fell by 16% after the explosion of the FTX exchange bomb.
With this heavy downward movement that occurred in the first two weeks of November, the market stabilized below the $18,000 range by the end of the month, and buyers could no longer cash the $18,000 bids in the market.
During the last four weeks, when the market experienced good risk tolerance, the cryptocurrency market continued to stagnate; this shows the extreme weakness of this market and confirms that the cryptocurrency market is absorbing negative news. In case of favorable conditions, it has no business outside this market.
But instead, it has become susceptible to risk aversion and negative domestic news.
By following the conditions of the global economy, which is in a severe contraction, the investors of this basin have become aware that they cannot exercise much power in this market until the end or see signs of the return of easing policies.
With a comprehensive look at the state of the general trend of Bitcoin that we have mentioned in the previous analysis, the bear current in the weekly and monthly time frame has cast a heavy shadow on the market.
As the price of miners continues to decrease, more devices will shut down, which can be a fundamental issue.
As more and more miners are removed from the network and the difficulty of the network decreases, the space for more powerful miners increases.
This recession period drives weak competitors out of the market to make room for established industry owners who have budgeted for such tough times.
As said in the business world and experience, a recession is a period of permanence and stability in any market.
The bad news for this market is that the interest rate policies are still in place, and the target rates are still considered above 5%.
Technical analysis:
By examining the trend situation in the four-hour time frame, developing a dense corrective pattern is likely. Triple corrective waves are forming one after the other.
Continuing the trend and intensifying the decline requires a force that news, such as an increase in interest rates and the strengthening of the dollar or the overthrow of another market giant, can create this movement.
Further, breaking the important support of $16,660-$16,490 is an important warning to reduce another dimensional target of this pattern and fall to the $15,350 range.
In this month, due to the fact that it is the last month of 2022, it is possible to create the most severe fluctuations in the market. So, in all your transactions, observe the capital management and the use of the loss limit.
BITCOIN / TETHERUSBITCOIN / TETHERUS
Strong and good landing of bitcoin and likely to continue the drop to the lowest points, the most important of which is the historic demand area. We can also see the drop and the re-climb and build a new path
Bitcoin rising wedgeHi traders this is my current view of btc, bitcoin was going up for 2 weeks and forming rising wedge pattern.
The latest swing downwards occurs with increasing volume and momentum divergence.
The green line 17841 & 16373 is weekly range of bitcoin options contract with weekly maturity date.
Resistance : 17200 ; 17577 ; 17841
Support : 16805 ; 16635 ; 16373
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was consolidating in today’s session, as prices retreated from Monday’s three-week high.
Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday low of $16,922.43 earlier in the day.
This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.
Looking at the chart, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own.
As of writing, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.
Should a breakout occur, it is likely that BTC will move back toward the $17,400 point in the upcoming days.
CHART ANALYSIS:-Bitcoin ( BTC ) surged to a three-week high on Monday, as prices climbed for a second session.
Following a low of $16,940.90 on Sunday, BTC /USD moved to an intraday peak of $17,378.15 earlier in today’s session.
This high is the most vital point that bitcoin had hit since November 11, when the price was at a high of $17,645.
Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart.
In addition to this, the 14-day relative strength index ( RSI ) has also moved higher, and as of writing is tracking at 50. 40, above its ceiling of 50.00.
Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700.
CHART ANALYSIS:-Bitcoin ( BTC ) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC /USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index ( RSI ) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
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
BTC UPDATE (1H)I think that such fluctuations are ahead for Bitcoin. I have specified all the cases on the chart
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) surged to a three-week high on Monday, as prices climbed for a second straight session.
Following a low of $16,940.90 on Sunday, BTC/USD moved to an intraday peak of $17,378.15 earlier in today’s session.
This high is the strongest point that bitcoin has hit since November 11, when the price was at a high of $17,645.
Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart.
In addition to this, the 14-day relative strength index (RSI) has also moved higher, and as of writing is tracking at 50.40, above its ceiling of 50.00.
Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700.
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
Bitcoin started a fresh increase above the resistance!Bitcoin started a fresh increase above the $17,000 - 17,200 resistance levels.
The price is above $16,800 and the 100 hourly simple moving average.
It breaks the bull flag in an upward direction. We see a test of the major resistance area, and let's see if it can break above it. If Bitcoin can break above $18,500, the market will turn bullish. The RSI is now in the overbought zone.
Bitcoin's hash rate is now down 13% from an all-time high, as we've seen more miner capitulation over the last couple of weeks.
A downside break below the $17,000 support might call for a move toward $16,750. Any more losses might call for a test of the key $16,500 support zone in the near term.
Until further notice, we consider the possibility of returning to the area of 16,000 dollars higher than the possibility of climbing beyond 18,000.
We'll update the chart.
📉✌BTC 2H Long Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello traders, first take a look at my previous analysis and positions.
💥Until price is above yellow area, you can open long positions in two steps. (At green marked levels)
The optimum stop-loss is below the determined level.
If the price closes Its 4h candle above daily trendline, the ascending trend can go higher than 17520 to 17850, even near 18K.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
