Btclong
BTC/USDT 1HOUR UPDATE !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC is moving bullish in a rectangular channel. It attempted to breakout but could not close the candle above it.
It now maintains itself above its horizontal support. Further consolidation can be expected inside the rectangular channel.
A successful breakout of the rectangular channel will confirm a bullish move in the market, while a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher.
This is not a piece of financial advice.
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BTC/USDIf you haven't bought Bitcoin, you can wait and hope for a proper correction.
I don't know if I can recommend it.
If you believe in cryptocurrencies, owning BTC is a must.
No one knows where the price will go, whether for a moon or forgotten.
But the game is worth it, just don't buy for what you can lose.
Jump on a flying plane? I don't know, I'm already sitting in it.
In general, I can't recommend it, everything that goes up will also go down, but when (what price)?
If you are hesitant, do not buy, because you would probably suffer soon (weak hands).
If your hands and patience are as solid as a rock, you can still buy and possibly buy in discounts. If you have money (what you can lose) for it..
It depends on whether the question is hours, days, months or years.
BTC/USDTRectangle Pattern Up Trend
The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines.
The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the market where buyers and sellers are competing with one another.
To identify the pattern, traders need to navigate it on either an uptrend or a downtrend. The price would then form several peaks and troughs. Finally, the breakout candle would confirm the direction of the trend.
BTCBTC is trading in a range of 22400-23200 after giving a strong upside move. Range bound is a good sign as it allows oscillators to cool down on the lower timeframe and make a bigger move next time. Breaking above the range with volume and sustaining above it will take it to 24900 target. Breaking below will call for a retest of 21600.
Bitcoin road to 33 000 BITSTAMP:BTCUSD
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Possible Targets and explanation idea
➡️ Everything going according by my global 2023 plan for BTC what i’ve posted here in December 2022
➡️ We got uptrend line since covid dump
➡️ We retested downtrend line with FTX crash
➡️ Now we can see impulse-correction-impulse. Second impulse to test uptrend line and I think first rejection in April
➡️ All FOMC rate already included in price. Recession is only one things what not included, so we can see dump
➡️ After rejection at trend line and full fill of 3 month FVG we can drop by end of summer to 20K to find a support
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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USDT.DOMINANCE 4HOUR UPDATE BY CRYPTO SANDERS!!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-Hello my friends in the USDT Dominance charts, when USDT Dominance was trading inside a parallel channel from Jan 13, 2023, 7:00 UTC, I see something like this pattern, when the breakdown Jan 25, 2023, 23:00 UTC Thus we are seeing that whenever USDT dominance falls below the top level of its parallel channel, about 9% of the USDT dominance bomb explodes and this results in a massive parallel channel. turns. Hits the trade line and is back 8% to 9% looks the same today and I expect USDT dominance to be around 9% today stay tuned for more such updates thanks
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BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC broke the $23.5K resistance in the recent move but could not close a candle above it. The previous lower higher horizontal resistance is near $25K.
BTC is retesting the descending channel and Ichimoku cloud. A successful retest or a candle above the marked horizontal resistance would confirm the move toward $30K. This will also confirm the continuation of the market boom.
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BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets.
Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today’s session.
As a result of today’s drop in price, bitcoin fell to its weakest point since Sunday, breaking out of a floor at $22,500 in the process.
Looking at the chart, the drop came as the 14-day relative strength index (RSI) fell to its lowest level since last Thursday.
At the time of writing, the index is tracking at a level of 79.93, which comes less than 24 hours after hovering at 85.09.
Since its earlier breakout, the world’s largest cryptocurrency has somewhat rebounded and is currently trading at $22,614.62.
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BITCOIN DOMINANCE UPDATE BY CRYPTO.SANDERS !!Hello, welcome to this BITCOIN dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC DOMINANCE A small update on BTC dominance that is pumping up BTC. usdt.d similarly dumping btc dominance which is forcing btc peers to dump older coins btc has created support by breaking the local resistance zone next target of btc dominance may go from 47% to 49% this strong resistance level btc is from here dominance job will be rejected in bottom trade so btc altcoin is going to give very good rally so we will do some update by entering btc pair coin and spot it. thanks for reading my update
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BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K.
The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market.
In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level.
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BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) consolidated for a third straight day, as traders continued to secure gains from Saturday when prices rose to a five-month high.
Despite consolidating, BTC/USD remained above $23,000 for most of today’s session, hitting a high of $23,134.01 in the process.
This comes less than 24 hours after it was trading at a low of $22,654.30, which is near short-term support at $22,500.
Looking at the chart, BTC is currently trading at $22,913.54, and this comes as the 14-day relative strength index (RSI) neared a ceiling of 86.00.
At the time of writing, the index is tracking at a level of 85.09, with a floor of 80.00 another possible destination for traders.
The 10-day (red) moving average has also begun to show signs of peaking, which could lead to a sudden shift in momentum.
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BTCUSDT warning!In February 2020, Bitcoin experienced a falling wedge pattern and subsequently experienced a 60% increase from it's low. However, it encountered resistance at the $10,000 level and subsequently experienced a 61% decrease. Currently, a similar pattern is emerging, with Bitcoin experiencing a 60% increase from its current low. If it again encounters resistance at the $25,000 level, it is possible that it may repeat the same pattern as in February 2020. Therefore, it is important for Bitcoin to breach the $25,000 level to invalidate this fractal. What is your opinion on this matter?
BITCOIN WEEKLY UPDATE !!Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
The current short-term resistance is near the $23,500 level. A retest above the descending trendline or making a higher low could also be a possible scenario.
A solid breakout above $23,500 or a successful retest of the descending trendline will confirm the continuation of the market's bullish 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.
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