BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell for a fourth straight session on Thursday, as markets reacted to news that Silvergate Bank will be liquidating its operations.
Following a high of $22,198.90 on Wednesday, BTC/USD slipped to an intraday low of $21,609.99 earlier today.
The decline in price pushed bitcoin to its lowest point since February 13, when it traded at the bottom of $21,366.
Looking at the chart, this latest sell-off coincided with the 14-day relative strength index (RSI) falling to its lowest point since November 28.
As of writing, the index is tracking at 36.86, which is marginally below its support point of 37.00.
Despite this, BTC remains above its own floor at $21,700, and should this zone hold steady, there is a chance prices could rebound heading into the weekend.
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Btclong
Bitcoin is under bullish divergence influence.Bitcoin - 24h expiry - We look to Buy a break of 22666 (stop at 22106)
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A break of the recent high at 22606 should result in a further move higher.
Bullish divergence is expected to support prices.
Our profit targets will be 24066 and 24366
Resistance: 22150 / 22400 / 22606
Support: 21800 / 21500 / 21352
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Massive Crash Incoming On BTC -Watch This To Not Get TrappedBTC\1H Doing a pennant which is a sign of continuation
With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400.
Todays Events will totally spice things up even more than yesterday
Dxy rising to 105 and holding it is a sign of Market getting weaker
Please Boost,Follow,Comment if you find this informative
Details on the video
BTC with Elliott Theory 💥Hello i would to share my price prediction for BTC, we are still in the correction and now we could see move to the upside where we can complete our running flat correction pattern (ABC) , and after this we could see the last fall down to the bottom 10600$. follow me for more updates.
- RSI Divergence
Important Event Today - Bitcoin Ready To Move On Both sidesBitcoin/4H In a bear flag pattern with low volume
With the pattern and volume bitcoin is doing tells us that a BIG move is comin which potentially we could touch the origin of the dump which is around 23.6 consolidate and build more longs , then K-Boom goes down around 20500 ( top of the CME gap)
A less potential move is because of more shorts we could legdown a little bit first ~ 22k or 21.7 then it goes all the way back up to 23.6 which in this case the upside should be very intense due to the liquidity to the upside
Reminder: As a Trader We should always have levels on both side so we dont miss any moves
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week in consolidation, ahead of a key week of economic data from the United States.
Following a high of $22,497.00 on Sunday, BTC/USD slipped to an intraday low of $22,331.31 earlier in the session.
As a result of the move, the world’s largest cryptocurrency sank closer to a recent support point at the $22,300 zone.
Overall, the recent rise in bearish sentiment has caused bitcoin to fall by as much as 5% in the last seven-day period.
A downward crossover between the 10-day (red), and 25-day (blue) moving averages has also transpired, which could be a sign of further sell-offs to come.
One positive comes in the form of the 14-day relative strength index (RSI), which is currently tracking above a floor at the 42.00 mark.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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BTCUSDLooking for a rebound on BTC for the weeks ahead to create one last bullish drive to the upside to 24500 or 26300 which depends on the current BTC rebound as highlighted with arrows
Then creating an opportunity around the area for the big bearish run all the way to the origin of the current bull run or even creating a new low on BTC
BTC Long-Term Perspective
BTC is Preparing to retest 24800$🔥Hello Traders🖐🏿
After touching the strong support zone in 22300$ price, BTC is preparing to retest the 24800$.
In 4H TF, MACD showing that a sharp candle is incoming.
An MA ribbons showing a upward move in next candles.
In addition to these, we have a voluminous shadow box in 22300$ as a great support zone, and in 24800$ as a great resistance zone.
Its just my idea, not a financial advice.
Good luck 👊🏿
Bitcoin Try to regain 23.7 On WeekendBitcoin legdown around 5% and bounced back from the yellow support line which it touched before ( on the first dump)
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Usually a Friday dump into weekend does not tell me a real move , meaning this could be retraced and even go higher but if it loses 22K more downside is way more possible than up side.
The liquidation around 24K is now 5M and high leverage is around 2M around 22.8
Detailed explanation on video
Also if you want to talk about trades leave a comment
Thanks for watching
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate.
The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at its “ability to continue (operating).”
BTC/USD slipped to an intraday low of $22,241.78 earlier in the day, less than 24 hours after trading at a high of $23,540.16.
As a result of the move, bitcoin has now fallen to its weakest position since Valentines day, on February 14.
However, instead of a pool of roses, Friday’s red wave has washed through the markets, leading to a huge shift in price strength.
At the time of writing, the relative strength index (RSI) is tracking at 42.91, which is its lowest point since January 1.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
Long on BTC$ and also short BTCIf the price wants to continue down it should touch the PSY Low then it will get rejected and it will dump but then it could possibly pump above the PSY Low which isn't a bad thing for BTC$ but then time will tell if it is a fake move or it will retest the PSY High as a support.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded on Wednesday, which comes in the aftermath of the latest U.S. consumer confidence report.
Confidence fell to a reading of 102.9 in February, less than the 108.5 sum that markets had anticipated.
Following a low of $23,077.65 on Tuesday, BTC/USD surged to an intraday peak of $23,880.63 earlier in the day.
The move pushed bitcoin marginally past a long-term resistance level at $23,800, hitting a five-day high in the process.
Another slight breakout occurred on the 14-day relative strength index (RSI), which climbed beyond a ceiling at 54.00.
At the time of writing, the index is tracking at 55.02, with the next visible resistance zone at the 60.00 level.
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 the SAME pattern This is my best simple trade set-up. After we took range low liquidity, price gonna hunt for range high liquidity. Also, a good confluence for me is optimal trade entry 0,62 Fib.
Short term I am bullish until we hit range equal highs.
Thank you for attention, have a good profit!
Not a financial recommendation.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell for a second straight session on Tuesday, as prices flirted with a breakout below $23,000.
BTC/USD moved to an intraday low of $23,205.88 earlier in today’s session, which comes less than 24 hours after hitting a high of $23,857.89.
The move comes after bulls were unable to jump back above the $24,000 mark on Monday, with bears using this as an opportunity to reenter.
Looking at the chart, the 14-day relative strength index (RSI) also failed to break out of the resistance of its own at 53.00
At the time of writing, the index is trading at 52.46, with bitcoin slightly higher than its earlier low.
BTC is now trading at $23,466.92, with a move back toward $23,800 still on the cards.
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.