BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed.
BTC has since slipped, and is currently trading at 26,866.74, it is still higher than yesterday’s bottom.
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above 27,000.
bitcoin is trading 4% lower than at the same point last week.
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Btclong
Bitcoin consolidates at short-term support, $30k is the targetBitcoin has a bullish structure on both the daily and the 4-hour chart. The retracement to $27.2k collected liquidity and the bulls have since driven prices to $27.6k.
The H4 bullish breaker block at $27.2k was respected as support so far. Given the daily structure, a consolidation around the FWB:27K region over the weekend before another leg higher was possible. The OBV has inched higher over the past week, showing the bulls had a slight advantage
Entry: $27.4k (another revisit to FWB:27K or lower was possible)
Take-Profit: $29.6k (local resistance on the 1-day chart)
Invalidation: $26.6k (a move below the bullish breaker block)
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) continued to trade below the 28,000 level on Tuesday before last month’s FOMC minutes were released.
BTC/USD peaked at 27,715.85 earlier in the day, less than 24 hours after hitting a low of 27,302.56.
although mid-term momentum appears bullish, bears seem to be looking to hit the 27,000 mark in the short term.
The relative strength index (RSI) of 14 days remains on a downward trend, with a current reading of 54.95.
This comes as price strength attempts to find a floor, following a move away from a resistance level of 60.00.
BTC is trading at 27,518.86, however, volatility will likely increase as we near tomorrow’s economic release.
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Bitcoin Lifetime Analysis - A Move to the Upside in 2024Bitcoin continues to range between $25,000 and $31,000, a pattern ongoing since March of 2023 as we wait for a breakout in either direction. The analysis in the chart below is one I conjured in October of 2022 and so far has been on point with one *critical* exception; Bitcoin has not touched the lifetime support line as I hoped it would by early 2023. Historically, prior to every bull run, Bitcoin has come in contact with lifetime support.
The last time the Bitcoin price made contact with lifetime support was in March of 2020 when the monthly candle closed with a long tail, creating a signal bar to the upside. The price at the low of that bar was $4,000, and the high at the end of the bull run was $64,000. If you look to the left of that signal bar, you can see where the price missed the lifetime support and went bull, only to fall 9 months later into lifetime support. I believe we need to have capitulation to lifetime support before the next all-time high. As you can see in this chart, the Bitcoin halving is due around March of 2024. Lifetime support will be at $20,000 during that month which isn't far from the current price range, seems like a good time to make contact and confirm a continuation to the upside!
The blue and orange arrows estimate when the next contact with lifetime resistance will be made. These estimates are based on the distance between highs and lows for the lifetime of Bitcoin, which include data on the lengthening lifecycles that have led up until 2020. That data supports the April 2025 estimate, the April 2024 estimate is based on a shortened cycle. This range is a comfortable home for Bitcoin, and we will likely be here for the rest of 2023.
For now, we wait for a breakout of this range. I would enter a long at the bottom of the range and increase my position if it breaks toward lifetime support.
Trade wisely and let us know what you think in the comment section below!
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) slipped for a second straight session on Monday, with traders retreating from high-risk assets, as tensions in the Middle East escalated.
Following a peak of 27,999.55 on Sunday, BTC/USD dropped to an intraday low of 27,445.89 earlier in the day.
bitcoin has been edging lower since Friday after bulls failed to orchestrate a break out above a ceiling at 28,300.
it now appears that momentum has shifted bearish, with bitcoin heading for a support point at 27,000.
The 14-day relative strength index (RSI) has also been on the decline, moving away from its resistance of 60.00, and is now tracking at 54.35
A target of 45.00 on the RSI will likely need to be hit if bears are to push BTC below the 27,000 level in the coming days.
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BTC updateGM everyone!
#BTC update
The coin currently in consolidation mode
Looks 50/50% if the coin will manage to break above 28K$, only then it can go higher to the levels I was writing about before. (1st line)
If we see D close below 27K$ them we can expect dump till 26-25K$ (2nd line)
But, I should tell you that #USDT.D looks very bullish right now
Closing above 7.9% will open the way back to 8.2% and 8.4% in this case crypto market will dump.
I will open a short position on BTC with the tiny SL at 28586$
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) continued to trade around the 28,000 level on Saturday, as traders responded to podcast phenom Joe Rogan, discussing the cryptocurrency.
Speaking to the founder of Openai Sam Altman, Rogan said, “That’s the one that has the most likely possibility of becoming a universal viable currency.”
BTC/USD peaked at 28,252.54 following the comments, following a low of 27,215.55 during Friday’s session.
the move came after the relative strength index (RSI) broke out of its own price ceiling at 61.00.
price strength is now tracking at a reading of 62.25, with the next visible ceiling at the 65.00 mark.
Should the index reach this point, there is a strong possibility that bitcoin will be trading above 28,500.
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BITCOIN ANALIYSIS UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis (BTC) had a brief stint above the 28,000 level late on Thursday, as market volatility increased ahead of today’s nonfarm payrolls report.
BTC/USD peaked at 28,091.86 towards the tail end of yesterday’s session, before slipping to a bottom of 27,375.60 earlier today.
Prices have since rebounded, with the world’s largest cryptocurrency now trading at 27,649.56 as of writing.
BTC retreated from yesterday’s high after the relative strength index (RSI) failed to sustain a surge above a key resistance level of 60.00.
The index is currently at a reading of 58.95, however, there could be another attempt to move beyond 60.00 in the coming hours.
In the event that the next advance is successful, there is a strong possibility Bitcoin will be back trading above 28,000.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:-Bitcoin (BTC) continued to trade close to a key price ceiling on Thursday, ahead of tomorrow’s NFP report.
BTC/USD peaked at 27,875.59 earlier in the day, following a low of 27,339.27 the day before.
The move pushed Bitcoin closer to a recent resistance level of 27,900, however, bulls could not capture this point.
Earlier gains have since faded, which comes as the relative strength index (RSI) encountered some turbulence of its own.
the index is at a reading of 60.21, which is marginally below a ceiling of 63.00
Should this decline continue, price strength could land at a floor of 58.00 in the not-too-distant future.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) climbed marginally higher on Wednesday after the price bounced off a recent support point.
Following a low of 27,216.00 on Tuesday, BTC/USD surged to a peak of 27,632.90 earlier in the day.
The move pushed bitcoin further away from a recent floor of 27,200, and closer to a ceiling at 27,800.
it appears that the rebound comes as the 14-day relative strength index (RSI), bounced from a support level of its own at 58.00.
price strength is now tracking at 60.52, with the next visible point of resistance at 67.00.
Should this upcoming ceiling be broken, then there is a good chance that BTC will re-enter the 28,000 zone.
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BITCOIN Today Update With Weekly Closing !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) started the month trading above the 28,000 level, as traders came in strong to begin “October.”
27,056.29 on Sunday, BTC/USD rose to a peak of $28,488.74 earlier in today’s session.
This surge pushed Bitcoin to its strongest point since August 17, when the price was trading at a high of 28,751.
the latest rise in momentum comes following a breakout at the 68.00 level on the 14-day relative strength index (RSI).
price strength is tracking at 69.44, which is marginally below a higher ceiling of 70.00.
Should the indicator move beyond this point, BTC will enter overbought territory, which could be a signal to bears to reenter the market.
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BITCOIN UPDATE !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin remained above the 27,000 level on Friday, following a late rise in bullish sentiment towards the end of Thursday’s session.
Following a low of 26,424.95 on Thursday, BTC/USD raced to an intraday high of 27,259.50 earlier in the day.
bitcoin rose to its highest level since September 20, when its price peaked at 27,393.00.
However, earlier gains have since edged lower, mainly due to a collision in the relative strength index (RSI).
the index could not push past a resistance level of 58.00 and has since fallen to a reading of 56.57.
Traders could be awaiting the release of this afternoon’s consumer sentiment report in the United States, prior to deciding their next move.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was back in the green on Tuesday, as its price rebounded from a multi-week low during yesterday’s session.
BTC/USD peaked at 26,421.51 earlier today, which comes following a low of 26,011.47 the day prior.
Monday’s low saw the world’s largest cryptocurrency trade at its weakest point since September 13, after dropping below 25,800.
it appears that the rebound in price came as a result of the relative strength index (RSI), finding a floor of its own at 45.00.
price strength is now tracking at 45.84, with the next visible point of resistance at the 55.00 mark.
Should bulls reach the 55.00 level, there is a strong possibility that BTC will move close to the 27,000 zone.
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BTCUSDT's Epic Showdown: Weekly EMA Battle for SupremacyHello Traders! :)
In this week's analysis, we witnessed an intriguing battle at the weekly EMA level for BTC. Unfortunately, this level held firm, and we are currently seeing accumulation around the lower boundary of the weekly Market Profile. At this level, we can observe the development of the weekly Market Profile's point of control, signifying a significant equilibrium point. My plan for this week is to make another attempt to break above the weekly EMA level.
Currently, a LONG signal has been generated on the Multi-timeframe MACD, indicating a green light for seeking long positions at this juncture. I will initiate the trade after the LONG signal is confirmed by a Heikin Ashi candle.
My initial take profit target is set upon reaching the level of the weekly EMA line, with potential for holding the position longer depending on price behavior.
I will exit the trade if the price falls below the weekly Market Profile, canceling out potential further losses. Additionally, I will consider exiting the trade if the weekly EMA level is rejected, securing any generated profits. If the price successfully breaches the EMA level and holds, I will consider continuing the trade.
Good luck with your trades!
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today.
BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77.
still remains below yesterday’s peak of 26,786.10 and almost 1,000 away from a recent three-week high.
The decline comes as the 14-day relative strength index (RSI) fell to a one-week low in the last 24 hours, before finding a stable floor.
price strength is tracking at 50.77, which is marginally above the aforementioned support at 50.00.
Should bulls opt to reenter after recent days of consolidation, they will likely target the 56.00 level on the indicator.
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