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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC effectively breakdown the ascending triangle following the downward move. As of now, it is holding over the marked low of $16,559. If bulls won't show strength here, then the downward move will continue toward the horizontal support or the lower marked strong low support. For the bullish confirmation, bulls need to break out the horizontal resistance around $16,940 with a retest above it to confirm a decent bullish rally in the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTCUSDT Long position Possibilitywe are going to have a look at the changes in the Bitcoin market in terms of data in the network, let's check the potential in the network for price growth, take a look at the miners, measure the supply and demand situation, and finally finish with the options market. In general, the health of the network has improved in terms of activity compared to the previous days, and the positive point that exists is that the activity of the key range has not been lost, but in general, the level of activity is still low, and most of the activity is done by small traders, because if we go, number If we check the transactions, we can see that there has been growth, and on contrary, the volume of transactions is at a low level, and it shows that the whales of the network do not want to be active at the moment. In the past few days, we saw the weakening of the security of the Bitcoin network. fell, the hash rate was decreasing at a relatively high speed, but the current situation has reached its key range, now that news has been published, if this news is definitive, it will cause many miners to be affected, and consequently, the hash rate will be affected. It has an impact and the possibility of losing this key range increases, now considering that the income of miners is also decreasing and if the price stays in these areas, it may strengthen the risk from this category again. Well, I also mentioned the income of the miners. In general, the income of this category through the construction of blocks is still decreasing compared to a year ago, but it has not reached the green area where the miners are under a lot of pressure. On the other hand, the income of the miners from Through the network has risen a bit, but it has not been able to significantly affect the total income. If we come to check the valuation of Bitcoin, we will see that it is involved in a negative bubble, according to the MBRM index, this issue will be very clear to us. It has a significant history and it has shown that when bitcoin is involved in a negative bubble, those who see it have investments and demand that bitcoin will be profitable for them in the long term, but I know that you know better than me that market conditions change in every period. Paying attention to this issue, for investment, we should not pay attention to one element and must consider the view of the action market. If I go to the supply & demand layer and check the demand, we can see that the demand and the network are mainly on the side of the traders, and they are accumulating, but for those who have ten bitcoins, this accumulation has calmed down a bit and they show me indecision. 16400 has become very attractive for traders and it is considered an important range because almost ten percent of the circulating balance is in this area, and if we pay a little more attention, we can also see the behavior of speculators because when the price goes up, they sell at a profit. And again, when we return to these areas, we see that the circulating assets are growing in this area, now if we check in terms of supply, in general, the level of hash and network has come down, whether in profit or loss, but during the past day, we have seen We had a series of sales, and again, the sales were at a loss, and it happened from those whose coins were between 3 and 6 months old, who had the highest sales, and the total amount sold in this category was 22,000 bitcoins, but those who were in profit. Now, they prefer to withdraw their own coins, instead of the old ones It has been 7 to 10 years wallet that the amount was low and their number was 590, and then it was two to three years that they took out 2000 bitcoins, but the more important thing is the behavior of speculators. We see that the sellers are buying in the support areas, the price goes up a bit, they sell, and until the price cannot break those areas that make a profit, the price growth can be uncertain. Finally, if we check the amount of Bitcoin input and output to exchanges, the input is more dominant, but I don't see very serious inputs, so in general, even though Bitcoin is located in valuable areas, the potential in the network is less than before, if the important areas of security activity are lost. Lamb naturally affects the health of the network and that effect will be negative In terms of supply and demand, we can see that the demand in the network is not so high, although the width in the network is low, but the behavior of investors is more than everyone else at the moment. Finally, we turn to the option market , we see that the most important maturity date is December 30, the volume of open contracts is very high (approximately 2.3 billion), the most important support for us is at $15,000, then $12,000, and finally $10,000, that's right, $10,000 has much higher open interest. But in order to reach $10,000, we must first lose $15,000. Now, considering that we mentioned that the range of 16,400 is very attractive for traders, and it has been able to work well for now. In the end, if we examine the implied volatility together, which shows me the expectations of traders and price changes, it somehow shows the foresight of option traders. We can mention 2 things: One is that the traders expect that we will reject this area, whether it goes up or down, on the other hand, it is a good time for those who want to work with options because the contracts have become cheaper, and it is possible that we will see new contracts in the coming days. There will be a lot of new sentiment in this market, and if there are any changes, we will definitely update The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
BITSTAMP:BTCUSDLong
by expay24
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start the week, as markets remained mostly unchanged following the Christmas weekend. Trading volume typically slows down during the holiday period, with most financial markets shutting down. Cryptocurrency markets however remained open, with BTC/USD moving closer to recapturing the $17,000 level. As can be seen from the chart, Bitcoin hit a high of $16,908.86 earlier in today’s session, which is marginally above Sunday’s low of $16,755.25. The move comes as the 14-day relative strength index (RSI) moved closer to a key ceiling at 49.00. Currently, the index is tracking at the 47.55 mark, with bulls likely to continue to push toward the aforementioned resistance level. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC Tradeplan updateHi @Everyone, Update on previous trade plan : - Our low risk long setup played out wel and hit the take profit level. - As u can see we hit our short area zone, and we just got confirmed bearish divergence on the 1,2,3 hr TF ( atleast ) So far the scenario is following the steps where we waiting for, 1 Long setup should hit short area 2 Short area got hit 3 Bearish div confirmed. Right now its expected BTC should reverse atleast towards the first box on the chart, Regards, Team Quantistic
by Quantistic
4
#BTC/USDT $20k target if this happens!In our last chart, we predicted the $18.4k target. The price followed every single point. For now, the support remains around $17350. The price is likely to move higher from here. Possibly $20k. The second scenario is if we lose the $17k level, we are looking at a $15k target for the Bears. (Less likely) For the $20k target, the condition being BTC holds the $17.3k level which is also the invalidation point of our chart. Let us know what you think. Please show your support with your likes if you find my updates helpful. Thank you #PEACE
Long
by Cryptorphic
22
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTCThe current lack of activity and low volatility is more evident on the following 4-hour timeframe chart. After going through a long-lasting downtrend, the price has rebounded from the $16K mark and is consolidating below the $17K threshold. However, the main struggle for Bitcoin is now surpassing this confluence zone. Suppose the price returns above the mentioned level, a retracement to the 0.618 Fib level and the broken trendline will be the main barriers toward the $18K range. Bitcoin is taking support at the minor uptrend line. There is no movement in the market and BTC is trading at the resistance. Let’s see if BTC is able to break this resistance zone. We may see a big move on either side soon. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Anticipating A Bitcoin Position-TradeFellow Market Traders & Investors, From what I understand, the market is geometrically predictable. It will form patterns to induce buyers/sellers to enter the market and purposefully creates entry triggers for liquidity to generate at market highs or lows. Once the order flow is built, it sharply moves, as supply and demand reflect price. This is why Support & Resistance are foundational to all forms of technical analysis. There is more beyond just drawings and historical data. The economic and geopolitical impacts are a leading factor that influences large institutions to consider equity re-allocation. The 1.7 Trillion Omnibus Spending Bill will create uncertain tensions between the Fed and our faltering Dollar. As the money printers kick into high gear, so too will the market. There will be a flush, a crash, before the market administers the insiders play. The insiders #1 goal is to remain at a net long and net short profitable hedge, as they exit shorts for massive profits, tricking the average investor to trap themselves at market lows; all the while, they are buying. While the SEC, and the FED aren't on the same page; the Senate is obviously out of touch with monetary policy and its repercussions. Overall, I believe these fundamental factors may materialize in the charts. Watch for the bulls patiently, they are waiting for the right catalyst to join in. oh, and guess what? The large institutions balance sheets have increased because of the profitable down pour. Consequently, as they flip net positions, we will see bullish rally's and eventually the market will turn. Wait for the catalyist and rely on your strategy. P.S. Look at the Quarterly Chart Time-Frame! There is a 3 month Order Block/ Sponsor Candle. Anticipate...
FOREXCOM:BTCUSDLong
by Seth_McCutchen
2
Bitcoin (BTC) Bottom just one step awayWhen comparing the Bitcoin 2018 bear market to the 2022 market after June, the 2022 monthly candle is identical to the 2018 market status such as July, August, September, October, and now December. I’m a data analyst, and I know that if you ask the right question about the right data, you can gain some interesting insight that can help you make a decision to take the next step, so I analyze the previous market data for bitcoin to compare with the current market situation, so let’s get started. Discuss the Bitcoin monthly chart from 2018 and 2022 in brief 1- Bitcoin monthly chart from (July to December) 2018 First, we focus on the monthly candle from July to December, in which we take some facts, such as: in July, when BTC moves up to 46% at a high of $8,496, the $8,496 level makes a resistance level, and the $5,774 June low makes a support level; the next three months’ candles move in this support and resistance area, as shown in the chart below. The red line in the charts below shows the June low level, which is the new 2018 bear market low. The next month, if we count wick to wick, the July monthly candle moves positively by more than 46%, with a low of $6,076 and a high of $8,496. August, September, and October In this three-month market, the Monthly Candle moves in the June support and July resistance areas with choppy very tied-closed movement, then begins the November market with the same tied-closed movement, but on November 14, when the market breaks the June support and makes another new low of the 2018 bear market. November’s monthly candle closed at 37% downside, which is a huge red candle after September 2011. BTC makes another new low in December 2018 at $3,122, which is the candle-wick support from June 2017. If we measure the July-December market downside percentage, which is 63% down from July-December. Summarize 2018 July to December Bitcoin Chart In July 2018, the BTC price was up more than 20% after the June low. BTC moves in a tied range, which is June low and July high. From August to October, the BTC monthly candle closed in the red. From July to December BTC was down more than 62% from the top of July 2018. November, when BTC breaks the June support and makes a new all-time high. The monthly candle in December marked the bottom of the BTC bear market in 2018. December’s monthly candle breaks November’s new low, and December’s wick bounces from the June 2017 support. 2- Bitcoin monthly chart from (July to December) 2022 Following the collapse of Luna in May 2022, bitcoin makes a new all-time low in June at the price of $17,592, and July was a good month for BTC price to gain more than 17% after the previous three months of decline. From August to October, BTC was in a closed-range bond, which ranged from $25,000 to $18,000. June low is working as a support, and July high is working as a resistance. On November 9, 2022, following the FTX saga, BTC broke the June support and set a new low of $15,479, so now everyone is panicking because BTC broke critical support and crypto is in trouble. The Twitter Crypto family claimed Bitcoin would fall to $10,000, implying extreme fear in the market. Before we get to the bottom of bitcoin, let’s take a look at the 2022 market summary and BTC 2017 ATH and 2021 ATH comparison. Summarize 2022 July to December Bitcoin Chart On July 2022, the BTC price was up more than 17% after the June low. BTC moves in a tied range, which is June low and July high. From August to September, the BTC monthly candle closed in the red. From July to December BTC was down more than 38% from the top of August wick 2022. November, when BTC breaks the June support and makes a new all-time high. Bitcoin 2017 ATH and 2021 ATH If we compare the 2017 ATH to the 2018 bottom, BTC declined by more than 83%. In 2022, the bottom is not confirmed, but we see that from 2021 ATH to 2022 November, BTC declined by more than 77%. At the time of this writing, the December monthly candle is not closed, so where is the BTC bottom? So, where is the 2022 bear market bottom? In our detailed discussion of the BTC 2018 and 2022 bear markets, we got some insight that bitcoin’s bottom is just one step away. In 2018 BTC breaks crucial support in November and make a new low level then December was the bitcoin bottom which makes support from the June 2017 candle wick. Now BTC is the same as the 2018 bear cycle, and I believe Bitcoin’s bottom is near in December, which is $14,000, because June 2019 gives support to this $14,000 level. If you’re bearish in this market, it means you don’t know the market cycle when BTC is on top in November 2021, so that’s a time to be bearish, not at this time. Glassnode Insight about 2018 and 2022 Bear Market Gassnode compares the current cycle to all of the major bear markets in the past. He does this by measuring from the realized capital peak to the trough to get a sense of the relative outflows of capital: 2010-11 saw a net capital outflow equivalent to 24% of the peak. 2014-15 experienced the lowest, yet non-trivial capital outflow of 14%. 2017-18 recorded a 16.5% decline in Realized Cap, the closest to the current cycle of 17.0%. Conclusion I’m neither bullish nor bearish at this time because I believe bitcoin’s bottom is at $14,000, and I believe the market is not recovering quickly from December to April, which is getting boring because I believe bitcoin will move in a tied-bound range in the coming month compared to the 2018 bear cycle. If everyone is waiting for BTC at a $10,000 price, they never buy it when BTC is down at a $10,000 price; they think BTC is down again and they pick the $5,000 price… LOL
BITSTAMP:BTCUSD
by humairqureshi
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures. Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices rising to a peak of $16,880.87 in today’s session. The surge in price pushed BTC above a key resistance point of $16,800, as bulls once again attempted to recapture the $17,000 mark. As can be seen from the chart, recent price uncertainty comes as the 14-day relative strength index (RSI) remains close to a floor of 45.00. Sentiment also seems uncertain following a recent crossover between the red 10-day moving average, and its 25-day (blue) counterpart. If this downward trend continues, we could see BTC trading near $16,000 during the Christmas weekend. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC bounced back after clearing the short-term downside liquidity. It is also forming an inverse head and should pattern on smaller time frames. Currently, it is facing MA21 resistance, and a breakout of it will confirm a move toward the horizontal resistance. For mid-term bullish confirmation, bulls need to clear Ichimoku clouds, which would ensure a trend reversal in the market. Bitcoin is unable to break the resistance area. This seems to be a rejection and the price is again testing the resistance area. Altcoins are showing some positive movement and we may see more upward trend if BTC remains stable in the range. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
2
BTCUSDT Long position Possibilityhello guys we have a very good opportunity for BTC long position as you can see it already touch 0.618 Fibonacci and the lowest level of the channel and its good to open a long position you can open your position here or on 16496 all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
6
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report. Following a low of $16,763.66 on Tuesday, BTC/USD raced to an intraday high of $17,012.98 earlier in today’s session. Today’s surge comes as prices once again rose above a key resistance level at the $16,800 level. Looking at the chart, BTC has moved away from earlier highs, with the coin currently trading at the $16,868.40 mark. This comes despite the 14-day relative strength index (RSI) failing to break out of a recent ceiling at 49.00. As of writing, the index is tracking at the 47.03 level and seems to be heading for a floor at 46.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision. BTC/USD surged to a peak of $16,837.65 earlier in today’s session, less than 24 hours after hitting a low of $16,398.14. Today’s move saw the token climb above a key resistance level of $16,700, with prices rising to a four-day high in the process. Looking at the chart, the surge took place as the 14-day relative strength index (RSI) broke out of a ceiling at the 46.00 level. As of writing, the index is currently tracking at the 46.61 mark, which is its strongest point since last Thursday. Should the index continue this upward trend, we will likely see BTC move above the $17,000 level in the coming days. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
BITCOIN: THE DIRTY DANCE.BTC did it dirty. After the big red drop in BTC from $18.4k to $16.5k, it tried to hang in there but failed to hold it for a long. These two red candles created a panic scenario and many thought that BTC is going down for $15k once again but who would have thought that a big green candle is waiting for next door? LOL! BTC went right above the resistance (which is now a support) and now trying to hold this level. If BTC manages to hold this level then we can expect $17.4k around the corner but if it drops down below the S&R line then things may be bearish again. Technically, we are still under the bearish scenario so that's okay. Can this end of the last quarter be a turning point for the crypto market? Things are pretty tight so maybe the new year could change the course of action for the crypto industry. Trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
2