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Btcanalysis

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
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.
BITSTAMP:BTCUSD
by NasirCrypto
2
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”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
BITSTAMP:BTCUSD
by Tron029
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
by behdark
7