BTC/USD Bullish Cycle (Confluence of 3 patterns)Hi everyone!
We have an interesting confluence of patterns on BTC/USD.
First, we have a bullish pennant pattern, so we can project the price according with the resistance breakout.
Second, there is an imbalance zone or price inefficiency that has not yet been mitigated, so the price will probably go to balance this area.
Third, the elliot wave pattern coincides in the formation of the fifth wave.
So, this confluence of patterns looks interesting.
All the best, traders :)
Btclong
Sunny Skies for Crypto Market ☀️ Bitcoin and Ether Set to Rise? Sunny conditions are ahead for the global crypto market ☀️, including Bitcoin and Ethereum, in the next 24 hours.
This likely means a slightly bullish market with upside potential as investors reenter the market following the US regulator's enforcement actions against major US crypto players earlier this month. 📈🌤️
The trend remains identical for the crypto universe over a one-week horizon. 🚀
Follow us for more insights!
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the 26,000 level.
Following a low of 25,686.04 to start the week, BTC/USD raced to a peak of 26,261.14 earlier today.
The move saw Bitcoin near a recent resistance level at 26,300,
one of the last hurdles stopping bulls from moving toward 27,000
In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken.
47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02.
The 10-day (red) moving average will need also to shift course, and divert away from its current downward path.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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Bitcoin (BTC) formed bullish BAT for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC)
Recently we had a nice trade of BTC as below::
Now On 4-hr time frame, BTC has formed a bullish BAT move for another bullish reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) started the weekend trading below 26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown.
The latest domino to fall came from Robinhood, which moved to delist several altcoins from its platform, including Solana and Cardano.
BTC/USD fell to an intraday low of 25,502 in the news, a day after the price peaked at 26,770.
the latest downturn came as the 14-day relative strength index (RSI) fell toward a floor at 39.00
the index is tracking marginally above this point at 40.06.
In addition to this, the 10-day (red) moving average has extended its low cross versus its 25-day (blue) counterpart, putting further emphasis on the current bearish sentiment.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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Bitcoin on the rise. Where to sell?Hi everyone.
Last 3 weeks we've seen incredible strength from bulls. There are no doubts that bulls are in control. There were not any signeficent pullbacks during this pump. Many traders stayed on the sideline waiting for 10k.
However, it looks like everyone already forgot that BTC printed for the first time ever a Yearly bearish engulfing candle.
On crypto twitter you can see many analysts saying that Bitcoin has started a new Bull Market and it will go over 100k .
We believe that in the next few days Bitcoin will not give a chance to jump on the train for those that didn't buy at lower prices, but as we had a Yearly Bearish engulfing candle for the first time ever, it's doubtful that it will be left without any impact on the market.
It's probable that reaching new ATH will take way longer than everyone thinks.
There's a strong resistance around 28600$ - 30000$.
Moreover, the SuperGuppy indicator most likely will curve to the upside in the next few weeks and the upper lines of the SuperGuppy will be around 29k-30k which corrresponds with the price resistance therefore this is where we see a potential exit point for bulls and entry for bears.
What do you think? Do you agree? Feel free to share your opinion in the comment section.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved marginally higher during Friday’s session, as the focus for traders begins to be next week’s Fed rate decision.
Following a low of 26,339.32 on Thursday, BTC/USD jumped to an intraday peak of 26,797.51 earlier today.
The move comes as bulls bounced from a price floor at 26,300, with a ceiling at 27,200 now a potential target.
In order to get closer to this point, the 14-day relative strength index (RSI) will need to move past a ceiling at 47.00
the index is tracking at 46.21, with bitcoin trading around the 26,600 level. the 10-day (red) moving average remains in a downtrend, following a cross with its 25-day (blue) counterpart.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision
BTC/USD slipped to a low of 26,146.99 earlier in the day, which comes less than 24 hours after trading at 26,897.25.
Today’s move saw the world’s largest cryptocurrency briefly break out of a key support point at 26,300.
BTC bulls have moved to buy the dip in price, with the cryptocurrency now once again above this floor.
This comes as the relative strength index (RSI) pivots from a recent free fall, and is now en route to a ceiling at 47.00.
the index is tracking at 44.87, which comes as the 10-day (red) moving average fell below its 25-day (blue) counterpart.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTCUSDT Analyst 1D chartHello everyone! I want share my idea about BTC.
Today bitcoin market is quiet, but couple days ago we saw really massive move of bitcoin, it came down, close one big red candle and then it came up and close with more massive green candle after touch to 1W support.
In my opinion big buyers are still active, they are not going to drop the price again on 16500 because lot of traders are ready to buy again at the point but if it will happen price will come more down.
The 1D candle which is marked with little white arrow, big buyers show us they are ready long BTC,
After slow and little down trend price movement still looks like bullish, only what we need to do be careful, and find good long entry point.
Be patient!
Bitcoin: Sunny Outlook Ahead! 🌞✨🚀 Sunny trading conditions – a slightly bullish market with upside potential – lies ahead for the global crypto market over the next 24 hours, as investors may reenter the market following the US regulator’s various court actions earlier this week. 🌞 🚀
The weather is however tropical 🌴, very bullish with some upside potential for Bitcoin over the next hour. Over a one-week horizon, the cryptocurrency trend remains sunny – positive – signaling upside potential. 📈💰
Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BTCUSDT Analyst Hello everyone! i want share my price prediction of BTC after fast massive move.
what i shared few days ago of BTC price prediction I was right I got really good profit but what we have today?
Bitcoin price looking still bullish on 1W chart or its only correction, we saw rejection really good rejection from 1W support and its went up very fast.in my opinion, after touch 1W support and fibonacci levels i open long position.
Here is also one thing what we need to pay attention, USDT Dominance is looking bullish on 4H chart today it show us new HL.
If BTC will Brake next resistance and show us new low, if USDT will brake up trend structure, we will see good up movement of BTC.
We are close to see that, be patient.
Bitcoin Correction Almost FinishedPresent situation:
• Currently (June 6th, 07:00 UTC), Bitcoin is consolidation in a narrow range, between the 25,500 – 25, 800 USD levels acting as support and resistance. Bitcoin’s RSI is oversold on the LTF. IMO, either we finish the correction today or we may get a relief rally because bitcoin is oversold on the LTF.
Is the Correction Finished?
• IMO, BTC’s correction is almost finished, maybe even finished. These are my reasons:
1. the 25,200 USD level is a combination of diagonal support (the trendline) and a horizontal support (green line). This double support level gives me confidence that price will hold.
2. RSI on the daily TF is almost oversold. Bitcoin reacts very well to the oversold level. If we examine previous reactions to the oversold level, it is usually followed by a rally.
3. The RSI is forming a falling wedge. I expect bitcoin to respect the RSI support line and bounce.
4. should Bitcoin wick below the 25,200 USD level, the 0.5 Fib level is at 24,650 and it should provide additional support.
Can Bitcoin Dip Further?
• I don’t know; nobody does. However, I do not see reason for bitcoin to go lower than the 0.618 fib level. The whole issue with the SEC is not new and I don’t think the SEC can cause more damage than it has already done.
• The whole interest rate saga is almost over as well. Next week, on June 14th we have an interest rate decision. I expect some volatility before and after the FOMC and after that I think we are clear. My assumption is that the FED will not raise rates further.
Can BTC take off from Here?
• Possible. I think that it is the max pain scenario. Just imagine what would happen if BTC moves upward in price and leaves everyone on the sidelines.
Trade Idea No. 1:
• Entry: 25,800 (after it is tested as support)
• SL: 25,500
• TP: 26,500, 27,200, 28,300
Trade Idea No. 2:
• Entry: 25,200 (after it tested as support)
• SL: 24,600
• TP: 40,000 (TP along the way and leave some to higher levels)/
NFA
What do you think? Please share in the comments.
Best wishes to all.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) sank to a multi-month low on Tuesday, as markets reacted to the news that Binance has been sued by the SEC.
BTC/USD dropped to a bottom at 25,445.17 earlier in today’s session, a day after trading at a high of 26,810.22.
This decline pushed Bitcoin to its weakest point since March 17, when it was at a low of 24,946.
the drop in price coincided with the 14-day relative strength index (RSI) falling below a floor of 38.00.
the index is tracking at 36.12, its weakest point since mid-March.
Despite a recent upwards crossover of moving averages (MA), the 10-day trendline has now firmly shifted direction.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was trading below the 27,000 level on Monday, as crypto market volatility remained high to start the week.
Following a high of 27,407.02 on Sunday, BTC/USD slipped to an intraday low of 26,712.73 earlier in today’s session.
the relative strength index (RSI) fell below a recent support point at the 47.00 level.
The index is now tracking at 44.43, which is marginally above an upcoming floor at the 43.00 mark.
Should bears retreat to this point, there is a strong possibility that BTC could collide with a floor of its own at 26,300.
there is still some optimism from bulls that a recent upwards cross of moving averages could point to an upcoming shift in momentum.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) snapped a four-day losing streak on Friday, after it was reported that the U.S. Senate had passed the bill to increase the debt ceiling.
This comes ahead of Monday’s deadline, which could have resulted in the government running out of cash, had the bill not been approved.
BTC/USD raced to a peak of 27,203.32, which comes a day after dropping to a bottom at 26,574.64.
it appears that this move took place after bears were unable to break a long-term floor at 26,500, prompting bulls to reenter the market.
the relative strength index (RSI) moved above a floor of its own at 46.00, and is currently tracking at 48.12.
The next test to see if bitcoin can sustain this momentum will come at the 27,500 ceiling. If passed, there is a good chance that price will be above 28,000 this weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved below the 27,000 level in today’s session, ahead of Friday’s non-farm payrolls report.
It is expected that the number of jobs added to the U.S. economy will come in at 190,000, less than the 253,000 sum the month prior.
BTC/USD fell to a low of 26,671.72 earlier in the day, which comes following a peak at 27,346.11 the day before.
this latest decline occurred as a result of the relative strength index (RSI) falling below a floor of 46.00.
the index is now tracking at 44.58, with a support point of 43.00 as a possible target.
Should this level be hit, there is a strong possibility that BTC will hit a floor of its own around 26,300.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you