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Btcanalysis

BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTO SANDERS I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. BTC Analysis:-On the daily timeframe, the price just broke above the 100-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the longest period since April. In the event of a bullish daily close above said moving average, the breakout would then be considered valid. The next targets for Bitcoin are the $24K resistance level and the 200-day moving average located nearby. From a traditional technical analysis perspective, a bullish breakout above the 200-day moving average would theoretically mark the beginning of the new bear market. 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
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT 4hr chart update by CRYPTO SANDERS I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. BTC Analysis:- BTC broke above the $21150 resistance and it was rejecting on every touch even above the trendline. Now this level should act as support and we can move towards $23k and higher. If it starts closing below $21k again it will be a negative sign in the near term. Funding is on the neutral side here and there has been a lot of steady money flow across the exchanges over the past few days. We haven't seen that much pump in BTC in that regard, instead alts are popping off one by one. If that rotation of capital turns into BTC it will hardly last. Enjoy your Sunday and trade with proper setup and stop loss. 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
4
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1D chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Bitcoin (BTC) prices rebounded on Friday, as markets began to prepare for the release of October’s nonfarm payrolls report. Today’s surge sees the world’s largest token move towards a ceiling of $20,800, which was the last hit on October 30. Since last week’s failed breakout, BTC mostly traded lower in the days that followed, with today’s rally one of the few days bullish momentum has trumped downward sentiment. As of writing, the relative strength index (RSI) is tracking at 58.57, which is marginally below a ceiling of 59.00. In order to reach $20,800 and above, this resistance will first need to be broken. 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
4
INDEED BITCOIN HOLD THE $20K SUPPORT.Well! Well! Well! Here comes the breakout on BTC. My previous analysis got invalidated cause I expected a quick drop toward the $19.3k support level. Things took a sharp turn on BTC and unexpectedly it rallied all the way up to $21.4k as per the current scenario. This could be a good thing for the market both in the short and long term. If BTC manages to stay above this breakout level then we can consider something massive rolling into the crypto market. But if BTC drops down below it then this could possibly be another trap. At this point in time, I am not gonna play a scalping game. I would rather bet on long-term gains on BTC and other major altcoins. I am long on BTC at $18.3k and I will continue to hold it. If BTC drops down below $20k once again, I will accumulate more. Anyways, I will discuss more regarding the long-term perspective on BTC in the higher timeframe update. Thank you for your continuous support of my content. Trade safely.
BINANCE:BTCUSD
by Dexter_The_Trader
1
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 a regular basis. CHART ANALYSIS:-Bitcoin (BTC) prices rebounded on Friday, as markets began to prepare for the release of October’s nonfarm payrolls report. The jobs day report is expected to show that 200,000 jobs were added to the U.S. economy last month, lower than September’s figure of 263,000. BTC/USD rallied to a peak of $20,642.81 ahead of the report, moving away from Thursday’s low of $20,086.24 in the process. Today’s surge sees the world’s largest token move towards a ceiling of $20,800, which was the last hit on October 30. Since last week’s failed breakout, BTC mostly traded lower in the days that followed, with today’s rally one of the few days bullish momentum has trumped downward sentiment. As of writing, the relative strength index (RSI) is tracking at 58.57, which is marginally below a ceiling of 59.00. In order to reach $20,800 and above, this resistance will first need to be broken. 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
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1D 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:-daily timeframe, after breaking above the long-term bearish trendline and retesting both the trendline and $18K, the price has been trapped between two significant dynamic levels; the 50-day and 100-day moving average lines, located around $20K and $21K. The cryptocurrency has been consolidating in this range since breaking the 50-day moving average to the upside but is yet to close above the 100-day MA. A bullish breakout could lead to a rally toward the 200-day MA and the $24K resistance level, which are both strong barriers to be surpassed before anticipating the beginning of a new bull market. On the other hand, in the event of a deeper pullback, the significant $18K support level could come into play once more. However, it may not be reliable as it has already been tested on multiple occasions recently and, as a result, should be considerably weakened. 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
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, 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:-Bitcoin has formed a bearish triangle pattern and found support at the lower boundary near the $18K range until it recently broke above the triangle. Typically, a breakout from the upper edge of a bearish triangle is considered a bullish signal for the price. However, the market conditions are slightly different now, with some significant resistance levels over the near term. The 100-day moving average of $20.8K is the main barrier for Bitcoin, as the price is struggling to hold above this level after a few failed attempts. Optimism will likely return to the market if the price successfully exceeds this level. Nevertheless, there is a higher chance that Bitcoin will get rejected at this level and plummet based on the lower timeframe price action. 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
2
Bitcoin might continue going up important levels to watchThe price of Bitcoin has been pumping after the successful retest of $18.5k support which caused pumps on many Altcoins. The Bitcoin price also broke the 2 months old trendline, the price data suggest it will continue going up after a slight pullback to $19.5. However, Bitcoin has to hold $18.5k for the continuation. Right now the price of Bitcoin is at resistance area of $20.8k - $21k which needs to be broken in order for the price to retest the next resistance of $22.5k. The Price Action also suggests that Bitcoin price is in a parallel channel if I am correct the target is going to be $24k - $25k for this move. We can expect a pullback towards $19.5k if price doesn't hold the current levels. All the important levels are marked on the chart. Enjoy Trading. (press like 👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis)
by TychonTrades
2
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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
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)!
by CoinMarketCap
#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.
COINBASE:BTCUSD
by CryptoSanders9563
2