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Btclong

BTC - THIS Last happened in 2019 📈Hi Traders, Investors and Speculators of Charts📈📉 As you know, we're trading in the opening moments of a new bullish cycle. A quick look at the BTC chart from short term and macro term perspective. In the 4h we see a flag pattern, and in the weekly chart we see a significant event that last happened in June 2019, which was the opening moments to the previous ATH. From a technical indicator analysis and BTC chart analysis (short and macro), it seems as though BTC is very well on it's way to a new ATH. Remember, support and resistance zones are great to watch for possible long and short opportunities during brief pullbacks! _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:BTCUSDT BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by CryptoCheck-
22
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback. The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum. the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on. 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
1
$REN near to Breakout Trading a descending broadening wedge pattern involves a systematic approach to identify potential entry and exit points. Here's a step-by-step guide on how to trade a descending broadening wedge: **1. Identify the Descending Broadening Wedge:** - First, you need to recognize the pattern on a price chart. Look for two converging trendlines with the upper trendline sloping down more gradually than the lower trendline. This pattern typically forms during a downtrend. **2. Confirm the Pattern:** - Confirm the descending broadening wedge by ensuring that the price touches both the upper and lower trendlines at least twice. **3. Entry Point:** - Trading the descending broadening wedge involves waiting for a breakout. You can choose to enter a trade when the price breaks above the upper trendline (bullish breakout) or below the lower trendline (bearish breakout). - It's essential to wait for confirmation through a strong candle close outside the trendlines and, preferably, with increased trading volume. **4. Set Stop-Loss and Take-Profit Levels:** - Implement risk management by setting stop-loss and take-profit levels. A common approach is to place your stop-loss just below the lower trendline (for a bullish trade) or above the upper trendline (for a bearish trade). - Take-profit levels can be determined by measuring the widest part of the wedge and projecting it in the direction of the breakout. This gives you a target price. **5. Risk-Reward Ratio:** - Ensure that your potential reward (profit) justifies the risk (loss) you're taking. A common rule of thumb is to aim for a risk-reward ratio of at least 1:2, meaning your potential profit should be at least twice the size of your potential loss. **6. Monitor the Trade:** - Once you enter the trade, monitor it closely. Pay attention to how the price behaves around your stop-loss and take-profit levels. - Consider moving your stop-loss to break-even or trailing it as the price moves in your favor to protect your gains. **7. Trade Management:** - If the trade goes against you and the price reverses inside the wedge, consider exiting the trade to limit losses. - If the price breaks out in your favor, let the trade run until it reaches your predetermined take-profit level or until you see signs of a trend reversal. **8. Trade Psychology:** - Stick to your trading plan and avoid emotional decisions. Market conditions can change rapidly, so it's essential to have a clear plan and discipline. **9. Confirm the Trend Reversal:** - Keep an eye on other technical and fundamental indicators to confirm the potential trend reversal suggested by the descending broadening wedge. Additional confirmation can improve the reliability of your trade. Remember that trading involves risk, and not all pattern breakouts result in profitable trades. It's crucial to practice risk management and only trade patterns like the descending broadening wedge when you have a clear plan and confidence in your analysis. Additionally, consider using other technical and fundamental analysis tools in conjunction with pattern recognition to make informed trading decisions.
RLong
by Crypto-Adda_Official
BTC/USDT UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin (BTC) is exchanging hands at 34,388.22 per unit. The leading crypto asset has recorded a 24-hour range between 34,174 and 34,703 per BTC. Bitcoin commands approximately $8.97 billion in global trade volume on Wednesday, and its market cap dominates by 50.9%. Bitcoin’s current state reflects a strong bullish momentum, underscored by its significant price surge over the last fortnight. The relative strength index (RSI) at 79 and Stochastic at 75 both point toward overbought conditions, signaling the potential for a price correction or consolidation in the near term. However, the moving averages tell a different story; with the exponential moving average (EMA) at 33,586 and simple moving average (SMA) at 34,173, both indicators suggest a bullish signal, reinforcing the prevailing upward trend. Despite the positive price movement, the discrepancy between the oscillators and moving averages necessitates caution. The overbought conditions indicated by the RSI and Stochastic could lead to increased volatility, and traders should be prepared for potential short-term price fluctuations. The moving averages, while bullish, could also be interpreted in conjunction with the caution signals shown by the two oscillators. 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.
by CryptoSanders9563
1
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- \Bitcoin consolidated on Tuesday, as markets braced themselves for the upcoming consumer confidence report from the United States. Following a high of 34,843.94 to start the week, BTC/USD slipped to an intraday low of 34,083.31 in today’s session. This has resulted in the world’s largest cryptocurrency hovering below a key price point of 35,000. the relative strength index (RSI) tracked above a floor at 79.00, which is deep in bull territory. Price strength is now sitting at 82.02, with the next visible point of resistance being at the 88.00 mark. many see BTC as being overcooked, with a more long-lasting reversal potentially on the cards. 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
1
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- bitcoin remained near the 35,000 level, ahead of a key week of economic data from the United States. BTC/USD peaked at the 34,743.26 mark to start the week, after falling to a low at 34,173.38 on Sunday. Bitcoin is moving closer to an 18-month high at 35,157, which was last struck on October 25. Since hitting a low of 33,400 on Friday, BTC has made consecutive gains, which comes after the relative strength index (RSI) found a stable floor at 79.00. the index is tracking at 82.52, which is still significantly above the overbought mark. Should the price continue to increase, there is a good chance that price strength will edge closer to a ceiling at 87.00. 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
40000$ BTC is Closer Than EVER!Hello everyone, I hope you have a good weekend. Fortunately, BINANCE:BTCUSD behaved as I expected in the previous analysis. Now I hope this move will lead to the next Bullrun . It seems that 40,000 dollar bitcoin is closer to us than ever , but my preference is that before the price reaches 40,000 dollars, it is better to return to 32,000 dollars once and then continue its upward movement with strength, of course, these are all possibilities, but Well, it is not bad to keep in mind the different possibilities of the market.
CRYPTO:BTCUSD
by OdinSights
4
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