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Btclong

BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin rose back above the 34,000 level on Saturday, which comes following recent price consolidation. After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day. The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought. Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory. the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark. If this level holds throughout the weekend, bulls may make another run towards the 35,000 level. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin slipped below the 34,000 mark on Friday, as markets consolidated ahead of U.S. consumer sentiment figures. BTC/USD fell to a low at 33,762.32 earlier in today’s session, which comes following a peak at 34,649.40 the day before. bitcoin continued to pull away from a recent 18-month high, as bears began to gradually seize market sentiment. This comes as the relative strength index (RSI) remained in overbought territory, with a current reading of 83.68. Bulls in the market seem reluctant to let go of their positions and have gone on to once again push BTC above 34,000. BTC remains nearly 15% higher than at the same time last week, despite the recent price consolidation. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin once again fell below the 35,000 level on Thursday, after a brief stint above this level on Wednesday. Following a high of 35,133.76 late in yesterday’s session, BTC/USD dropped to an intraday low of 34,151.88 earlier today. The move saw bitcoin continue to trade close to its strongest point since May 2022, when the price was over 37,000. bitcoin is now trading at 33,990.55, which comes as the relative strength index (RSI) failed to penetrate the 90.00 zone. the index is at a reading of 82.99, which remains significantly overbought in the medium term. Should sentiment begin to truly shift bearish, a floor at 31,000 is the likely target for bears in the market. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Macro BTC pattern shows path to 42-44K then 32KThe chart is self-explanatory. All I have done is taken the Bar Patterns at the 15K lows and matched them with the lows at 25K, there are astonishing similarities. Go ahead and have a look at all the similarities I have highlighted. This pattern suggests, we should soon have a pump to 39K region, then a dump to 34K region followed by a pump to 42 to 44K region and then a large dump to 32K region. The dump to 32K would be akin to dump at 19.5K from 25K and then 32K region could act a strong S/R flip to push the btc price to new highs. It's possible that this may not repeat exactly like before, but when there are so many similarities, we should pay attention. This is not at all surprising to me, Infact I have been targeting 40K from past 8 to 9 months while most traders were bearish and calling for severe downside. I also call the 15K bottom Macro bottom when others were expecting more downside. I am again saying 25K is a major bottom in the BTC cycle. I have added links to those posts where you can find details about the above claims. Note: Even though patterns tend to repeat on macro timeframes, there is no guarantee that they will, all these similarities can go out the window. I personally will start taking this pattern seriously if we Pump to 39K region withing next 5 to 7 days, which is what we can see from the BAR feed copied from 15K region.
BYBIT:BTCUSD.PLong
by zakoraio
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark. Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday. One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00. the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal. Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin bulls pushed the cryptocurrency over the 35,000 level on Tuesday, as momentum over a potential ETF approval intensified. Following a low of 30,433.32 to start the week, BTC/USD surged to a peak at 35,150.43 earlier in the day. This resulted in bitcoin climbing to its highest level since May 7, 2022, when the price was trading above 36,000. Earlier gains have somewhat eased due to several factors, one of which being the relative strength index (RSI) moving deep into overbought territory. the index is tracking at the 88.60 mark, which is its strongest reading since the start of the year. BTC is now trading at 34,528.51, as traders have likely started closing off positions, in order to secure profits. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
The Four Reasons I'm Long On BitcoinOn the weekly timeframe for CRYPTOCAP:BTC : - A candle closed above the downwards trendline (Forming a bull flag), indicating strength in buyers - The MACD indicator had a crossover on the weekly timeframe - Price has been respecting the 21 EMA in the last few weeks. All of my favorite setups include EMAs! - There seems to be a potential Cup and Handle pattern forming. - And obviously ... The news about an ETF for CRYPTOCAP:BTC seems very bullish and I can see this continuation! Given these four reasons, I am bullish on CRYPTOCAP:BTC Stop Loss / Take Profits Stop loss: My stop loss on this trade is pretty tight. I put it at a break of low of this week. However, I might wait for a close on the low! Take Profits: All of these take profits are set at levels that were areas where there was previous heavy selling pressure. My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3 Let me know what you think of this trade!
BITSTAMP:BTCUSDLong
by fluxchart
🤘BTC looking to take 32k, becoming more clear🤘BTCUSD along with the gold are two more or less clear markets for my strategy as for now, that's why will publish some updates on them. BTC from the time of the previous update created a clear push and taking overall context into consideration, one of the possible scenarios are continuations to the upside. See previous ideas for more context. ☝️Dear traders, no one here has super powers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or force my will. Have good trading, keep constant flow of self awareness and do your best.
BITSTAMP:BTCUSDLong
by Yelli_trades
9
BTCUSD - The Battery is unloadingWeeks ago I posted here and on my website, that CRYPTOCAP:BTC is charging it's "Battery" to unload. Here we have it, a nice blast to the upside. Now, beware of the FOMO! If you missed the entry, you will probably find a better entry in a couple days. Why not just take this as a confirmation that Peeps are still willing to buy it? Sure, if you are a HODLER then it doesn't matter that much. But if you are a Trader, a Swingtrader, then it matters. Wait until News, the "Viral" SOM Hype weakens, and the FOMO crowd rushed in. Then, when BTC falls down in to the Battery again and everybody pukes the guts out, you can buy buy confidently with both hands, because you have a confirmation that price aims to the Center-Line because of the prior Breakout. At least that's my plan §8-) Yes, you could miss the Train. But hey, there's always another and maybe a better one. Peace4TheWorld N3rds.
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
BTCUSD - Over 80% to the CenterlineIf you trade with Allan Andrews Pitchforks, then you know the framework and the rules. Rule Nr. 1 says: Price reaches the CL over 80% of time. In the current context of BTCUSD, that means a huge potential on gains if entering the market now or in the near future. But of course, we can't just trade off of this rule alone. What else would give us as traders the right to take a Long position in BTCUSD? Watch how price is stair stepping! Why does price that? From the perspective of a Forker, I would say that the pendulum is in a up-swing. And currently, if you are a trader not a hodler, then there's even a good Risk to Reward ratio, when putting a stop/loss below the last pivot low. As a position trader, I would say, it's a good level to load the boat even more. But beware! If price cant keep up with this steep angle to the upside, and starts to open and close below the Lower Line of the Fork (The L-MLH or Lower Medianline Parallel), then there is a high possibility that price as other plans, than going up to the Centerline (Medianline). Talk soon... §8-)
BITSTAMP:BTCUSD
by Tr8dingN3rd
1
|BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin surged to a multi-month high in today’s session, as markets remained optimistic that the SEC could soon approve several spot bitcoin exchange-traded funds (ETFs). BTC/USD surged above 30,000 as sentiment grew, reaching 30,104.09 earlier today. This comes following a low of 28,449.96 on Thursday, with today’s peak the strongest point Bitcoin has hit since July 23. the breakout of a ceiling at 69.00 on the relative strength index (RSI) also contributed to the gains. price strength is now at 71.14, which is in overbought territory. There has also been some slight profit-taking in the market, with bitcoin now trading at 29,475.77. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler. BTC/USD peaked at 28,566.75 on the news, following a low of 28,174.25 during Wednesday’s session. Today’s move comes as bitcoin bulls pushed the price back above a recent floor at the 28,200 level. the bounce comes as the 14-day relative strength index (RSI) jumped to a support point of its own at 63.00. the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00. In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
Market Symmetry show BTC dipping before pumping to 34kNOTE: Following is interesting stuff but don't take this seriously as this is just for fun. I love market symmetry and use it to make models that predict what certain assets may do next, it works as long as model and symmetry remains intact. Chart is self-explanatory, but still there is a lot going on so let me break it down. This story began on 12th September as you can see on the left most part of the chart. That is when the current uptrend began and BTC started moving symmetrically on several parameters which are described below. 1. Time spent at the lows before making move that breaks Market structure: From 12th September lows to the present lows at 26500 the time BTC consolidated at the lows kept on increasing but in a symmetrical fashion. As you can see in the chart on the 12th September lows it spent 7 bars , on the 24th September lows it spent 16 bars and on the 11th October Lows it spent 23 bars. So, we can deduce a pattern here. 7, 16 , 23 , the next number in the series should be 29. Each number in this series is derived by adding a number from another series 9,7,5,3 .... 2. Time taken from the previous lows to the next highs is constant, that is approx. 30 bars. 3. Percentage move between each low and the next high is also increasing in symmetrical fashion: First move was 6% highlighted in yellow vertical bars, second move was 10%, 3rd Move was 16% , so logically the next number in the series is 24. Each number in this series is derived by adding a number from another series 4,6,8,10 .... Notice the curve shown in cyan color which I have fitted as close as possible to the highs and the lows. So based on this data, we should get out next low on or around 25th Oct and we should spend around 4days consolidating there, then btc should give us an explosive PUMP to 33500 area which is 24% from the anticipated low at 27K on 25th Oct. We can also make following conclusion based on information presented by above parameters: Volatility on BTC has been expanding gradually over time, which is giving us bigger pumps, but we also notice that the time between each high and low remains constant while time spent at the lows increases every time, this tells us that each time the time it will take to pump to new highs will reduce hence giving us increasingly explosive pumps. The target 33500 is also in confluence with the Cyan Curve in the main chart. It is also the measured move of the following large Diamond BTC has been trading in for a long time.
BYBIT:BTCUSD.PLong
by zakoraio
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin (BTC) bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs. BTC/USD edged to a low of 28,172.91 earlier in today’s session, which comes a day after a high of 28,889.01. Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as 30,000 earlier in the week. the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level. the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday. Price may continue to consolidate until either the aforementioned floor or ceiling is broken. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
BTC 4HR Analysis - A Failed Breakout. Do We Remain Long?BTC broke out of the bull channel to the downside last Tuesday in a mad dash toward $25,000, the bottom of the Weekly trading range. As the price curled up to test resistance and confirm the breakout, the price failed to fall lower and as the days ticked by, the bears gave up. This past Monday, we broke back into the bull channel hard and went all the way to $30,000. Do we remain long? Short answer, yes . We are just below the mid-line of the channel and the bull pressure is strong. I believe this is a great scalp opportunity to the top of the channel at a 1:1 Risk/Reward with a reduced position size. We still could fall to the bottom of the channel, so hold some of that equity for a bounce off the channel bottom. Wait for confirmation as always to ensure the bounce is happening, which requires a bull signal such as a pin bottom with a close near the high of the bar followed by a strong bull bar closing at or near its high. As always, trade at your own risk, you are responsible for your trades, and I hope this information was helpful. Trade wisely and let us know what you think in the comment section below!
INDEX:BTCUSDLong
by TraderEngineering