BTC STATUSHello good time
I think Bitcoin moves like this in short periods of time. After hitting the resistance zone, we will go down to the support zone and then we will move up to collect liquidity.
Comment if you have any questions
Thank You
Btcanalysis
BITCOIN: BACK TO THE RESISTANCE.What next on BTC? A Rejection or a breakout?
BTC bounced back as expected from the 21 MA. Now, it is back to the resistance trendline where things could either go negative or positive. Can't say much in this kind of situation so better wait for confirmation and then decide.
Trade safely.
Instability in financial markets is a chance for BITCOIN growthIf you are interested in our global view of the possible price movement of BCTUSDT and when is the most favorable time to start the alt-season, then you should re-read our previous idea:
Today we will analyze the local situation that is forming on the BCTUSD chart
This week, buyers managed to raise the price of BTC by +10% from $19k to $21k and break the first portion of shorts' stops, which were hiding above $20k.
To continue the growth trend, which is probably emerging, Bitcoin buyers need to keep the price above $19750-20000
If this condition is met, buyers can start storming the next liquidity zone from above around $23000 in search of the next batch of shorts' stops.
The critical point from the bottom , which indicates the relevance of a new growth trend that is likely to emerge, has risen to $18650
The critical point from above , which indicates that the sellers have not yet given up completely, is unchanged at $23400
In general, the situation in the financial markets is currently tense and ambiguous.
On the one hand: quarterly reports of the largest US companies do show not the best results (META Facebook shares reacted with a -25% drop)
On the other hand, the US GDP for 3Q showed the first growth in 2022 +2.6% contrary to pessimistic expectations.
And next week on 02.11.2022 the US Federal Reserve is expected to raise the rate by +0.75%.
So there are more than enough factors for increased turbulence in the financial markets)
Therefore, we recall that sitting without a position in anticipation is also a position, and it looks like it is now the safest.
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BTCUSDT: Was It a False Breakout? 😳 | Oct 28, 2022A strong breakout can finally be seen in BTC after it broke the resistance at $20,000 on Wednesday! The long-awaited breakout was seen after multiple attempts, and it has now opened a new range for Bitcoin to trade in, with the upper barrier being at $21,800.
Earlier this week, the SPX rallied strongly which helped Bitcoin break the long-standing resistance. However, at the time of writing, the price is retesting the breakout zone. It is very important for the price to sustain over $20,000 to keep the bullish view standing.
If a successful retest is seen after the price is able to bounce back from the support level at $20,000, traders can expect a positive week ahead!
However, if the retest is unsuccessful, traders should steer clear of any long positions until the $20,000 mark is reclaimed. They can also expect the price to fall back to $19,000 if the breakout does not sustain (perceived as a fakeout). Until the retest is successful, we cannot rule out the chances of a false breakout, and for this reason, we will be maintaining a neutral outlook for this week!
The major points of interest are $21,800 and $20,000 .
Remember that this is all based on the subjective views of the writer. As always, DYOR!
For more expert analyses, check out our Trading Analysis section (link in bio)!
#BTC/USDT 4HOUR UPDATE !!Hello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-The 4-hour chart paints a clearer picture of potential short-term targets for Bitcoin. After weeks of consolidation, the price has finally broken above the $20K resistance level, turning it into a potential support area.
The recent rally was launched after an impulsive bullish breakout from the bearish trendline, and the market is now trying to hold above $20K. If this level remains intact, a continuation toward $22,500 would be likely.
However, the RSI indicator should be closely monitored as it shows massive overbought signals, pointing to a potential reversal. In this case, the recent rally would be considered another bull trap and fake breakout, which would result in the price descending back toward the $18K support area.
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.
Etcbtc overall moving in descending broadening wedge
recently btc foremed descending triangle and broke to the upside
currently facimg rejection at 100ma near 20.8k area
for bulish momentum btc needs to clear ma100 resistance area once resistance got cleared btc will test 25500 k area wedge trendline
incase of brodening wedge breakout 32k 40k 50k may be btc willmaqke new ath
BTC making Double Bottom on dailyWe have a double bottom on BTC on daily chart which already broke out and currently trying to retest, if this plays out then technical target of this bullish pattern is $22,805.
Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to close above $21k and if divergence plays out then we will see sub $20k levels once again.
BTC @ Critical Support Level The idea here is about BTC:
Since the last published idea about BTC
Right now we are at a very critical support level on a daily chart with ascending triangle formation. If price moves up we might have a resistance at
20.3K. This week will be crucial and will decide which direction the price is heading.
Points as per TA on a Daily Chart:
1. Ascending Triangle formation & broken out of falling wedge on daily chart as per below:
2. Bullish Cypher pattern completed on a weekly chart & potential trend reversal expected. Long Entry, Stop Loss, Targets are explained detail in the below chart:
3. Sea Pony (Advanced Harmonic pattern) completed on a weekly chart & potential trend reversal expected. Target and pattern explained in detail as per below chart:
4. Current trend from 8th November 2021 till date has formed a falling wedge pattern with Lower Lows (LL), Lower High (LH). The price is very close for breaking out of the trend as explained in the below chart:
5. Trading way below 50 & 200 EMA on daily & Weekly chart.
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a Monthly is strong buy, Weekly & daily chart is Strong bearish at the time of publishing.
7. RSI is at 42.89 on a Daily chart, 34.09 on a weekly chart & 41.69 on a Monthly chart at the time of publishing.
8. MACD almost converging towards signal line on daily chart, hopefully it will bounce back above the signal line.
9. Hull Moving average on a Monthly, Weekly is strong buy & daily is sell at the time of publishing.
10. Entry: I would suggest wait for confirmation on long or short entry. Since, unable to know which direction the price is heading. However, keep in watch list for the week & alert for price momentum.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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BTC close to the precipiceNow that everyone is talking about Bitcoin 30K and 40K, it is better to pay attention to this analysis
We are in a suffering zone.
We have a zone called inter change zone, if it is not broken, we will move down from here.
There is another case where this zone is validly broken and we move down from the FVG zone.
This upward movement was created only to create a buy view and accumulate high liquidity and fill trading gaps.
Comment if you have any questions
Thank You
Bitcoin is doing something crazy right now!!A few hours ago we spoke about the triangle that was breaking down but it turns out of a fake-out! So what can we expect now? Well we broke 19.3k! We could see a retest of this price level. The next upwards target to watch is approximately 21k
Trade safe!
BTC nearly breakout monthly resistance
In my opinion we are on accumulation zone of bitcoin, total amount of bitcoin inflow on exchanges is negative in the last 30 days.
BTC is trying to breakout and reclaim 20k.
The next resistance areas are on the chart above
But i think it's not a big move yet, could be a small bullish move only before correction on the next 25-28th Oct.
The invalidation for this minor structure is at below 18k
ETHBreaking Bulish Flag In Daily TF
incase of dsuccessful breakout expecting 60 to 70% profit in Coming days
BTCUSDT , Bitcoin Bitcoin support levels - $20,000 and $19,500
Bitcoin resistance - $20,500 and $21,000
Market depends upon Bitcoin movement so trade carefully with risk management as per our prediction
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Analysis -
BTC Support is at $20,000 and $19500. Resistance is at $20500 and $21000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC has been rejected multiple times at 20,500 resistance as observed from previous price action.
Looking at 4 hour chart, BTC is above 20/50/100/200 EMA with RSI at 70 (over bought) and Stoch RSI over 80.
BTC closed its daily candle green at $20,080.
BTC SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BITCOIN could claim all BUY limits and rebalance the priceBitcoin turned bullish in trend and formed POI with 1H IMBALANCE. Marketmaker can reaccumulate the long position closing the uneffective price and then go up to 21500-225800$ zone.
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
4-hour timeframe, the $18K and $20K levels still hold, and the price continues to oscillate in this tight range amid the $19K range. However, some bullish signs finally popped following the recent bullish rebound from the $18K level.
The price seems to be creating a bullish flag pattern. If it plays out, this pattern indicates a potential bullish price leg towards the $20K resistance level, and a bullish breakout becomes probable.
On the other hand, if the price breaks below the lower boundary of the pattern to the downside, the flag pattern would obviously invalidate. The RSI indicator also shows values around 50%, indicating that the momentum is currently indecisive.
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: ALL WE NEED IS A BREAKOUT.Hey guys, welcome to this BTC update in a daily timeframe.
BTC is still yet to show some big moves in the market but till now, it has managed to maintain the support line which is a good thing for the market. In this daily timeframe, BTC is still under the descending triangle which technically is a bearish pattern. BTC being bearish, there is still room for the bulls and we may witness a bullish move on BTC if it manages to break out and closes above the resistance trendline.
BTC could go negative only if it breaks down below the $18k or $17.6k support levels.
What do you have to say about this? A rally or rejection?
Do share your ideas in the comments.
Thank you.
BTC WAVE UPDATE (4H)Hello traders, I hope you are doing well.
As you know, we are now in the region of suffering. This adds complexity to our trades. According to the wave scenario (neo-wave), we can consider this range to be symmetrical, considering the time similarities in the recent branches, that our wave i has become a contraction triangle, and now we are in e wave of this triangle.
Comment if you have any questions
BTCUSDT Bitcoin support levels - $19,000 and $18,500 strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - $19,500 and $20,500 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC Support is at $19000 and resistance is at $19500. Trade carefully and manage your risk according to mentioned support and resistance levels.
Looking at 1-hour timeframe, BTC has respected its trend line three times as drawn in the chart. Volume is currently low and with recent wicks below $19,000, there still remains uncertainty so a price breakout against the trend line should not be taken into consideration.
There is low volume over the weekend as global financial markets will be closed. Manage your risk accordingly.
BITCOIN: HOLDING THE SUPPORT BUT UNABLE TO BREAKOUT.Hello traders, I hope your weekdays went well.
BTC is once again to a point where it is holding the support but is unable to break out. For a reason, BTC is failing to break through the yellow-dotted trendline. Once we see a break out then we can expect BTC at $20.6k. On the bearish part, a rejection or a breakdown below the white support line may drop the price to the yellow dotted support line.
I am still anxiously waiting for the break out keeping in mind the rejection possibility.
Trade safely, guys. Happy weekends.
Max Pain Approaches, But How Low Can We Go?As stated in my last Chart a few months back, we are finally approaching the 2-week 100 Simple moving average. This moving average has historically acted as a magnet & major support for the market for the last 5 years. It would make logical sense that we see the same thing happen again. I see many calling for a $12K bottom, which is entirely possible, but we'll see if this 100SMA can continue to act as major support for the crypto markets again. Remember... Stay level-headed, be logical, and don't follow the crowd.
