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Btcanalysis

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
BITSTAMP:BTCUSD
by CryptoSanders9563
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.
by CryptoSanders9563
2
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.
by MonoCoinSignal
27
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
BITSTAMP:BTCUSD
by CryptoSanders9563
4
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
BITSTAMP:BTCUSD
by CryptoSanders9563
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.
by MonoCoinSignal
25
📉✌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✌
Long
by CrazyS
2
BTC/USDT 2HOUR UPDATEHello, welcome to this BTC update. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-.BTC break the bull flag in an upward direction as expected. We see a test of the major resistance area and let’s see if BTC is able to break above it. If BTC is able to break above $18,500 then the market will turn bullish 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
by CryptoSanders9563
3
BITCOIN: A CLOSE CALL.Hello traders. BTC has been hovering around $17k for the last 3 days. Things look quite steep as BTC is somehow trying to push upward but is unable to break out. If BTC manages to break above the resistance, it will still need to break above the $17.6k resistance and that will be a bigger challenge for BTC. A rejection, on the other hand, will be nerve-breaking because it could either reject up to $16.5k or even worse $15.5k. As we are a few hours away from the weekly close, all eyes are on the $17.1k resistance level. Let us see whether we will see a breakout or a breakdown. Thank you for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
Next potential movement?!Bitcoin tested the bull flag upper line but was unable to break. We may see some movement on Monday when global markets open. If it closes its candle below the $16,800 support area, we will see a move toward a major support area. We can see some volume by Monday's market opening. A breakout of this range will decide the next potential movement. According to the current probabilities of the CME website, it is more likely that we will face a reduction in the interest rate for the first time in months, which can cause temporary upward movements in the market. As the market opens, we will do some important analysis tomorrow.
by MonoCoinSignal
17
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 rejected from the horizontal resistance after hunting stops above it by a liquidity grab wick. Now, it is in no man's land, and the direction is unclear until it will do a solid breakout. In case of further rejection, there is a possible scenario of creating a higher low above the POC level or above the marked descending trendline. 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
by CryptoSanders9563