Btclong
BTC tradingGm... Today I will play the green zones on CRYPTOCAP:BTC , devided with levels where to take PP's or close...
#trading #bitcoin
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Bitcoin has broken down the ascending trendline and is trading within the Ichimoku cloud zone. Expect downward movement and consolidation inside the ascending triangle. A breakout above the horizontal resistance could lead to significant gains.
Stay tuned for further updates and analysis. Thank you!
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
BTC/USDT 4HOUR CHART UPDATE !!#BTC/USDT Analysis
Just like BTC has bounced recently, a bounce could happen today as BTC has returned to the same level. We can expect BTC to jump from here. However, the chart will be invalidated if BTC breaks the lower trendline and closes below it.
Stay tuned for further updates and analysis. Thanks!
What do you think after looking at the charts? Comment below.
Is it time for a Bitcoin rally?
BTCUSD :
Bitcoin is out of our flag channel but should hold above 67000.
The movement we expect from Bitcoin is to move up to the specified targets.
But we have two scenarios in mind.
1. Shorts position scenario:
If it loses the support range of 67,000, it will move to the price of 65,000
And you can wait for the price to return to 67000 for a sell position down to 63000.
2. Long position scenario:
Consider the flag is completed.
And open your position at this point for buying with a stop loss of 59800
Or to be more sure of the start of the upward trend, we should set our buy stop position at the limit of 72500 and 74000.
For the specified targets:
84
100
110
BTCUSDT#BTC #Bitcoin Chart Update: We've reached an important support level and are poised to move upwards from here. There's no reason to panic sell at a loss. When looking at Bitcoin liquidations over 3-day, 7-day, and 1-month periods, we see significant amounts of liquidity, amounting to billions of dollars, accumulating around the 71k level. Almost all indicators and data point to an upward trend. We can position ourselves accordingly.
BTC $ 255 000 this BULL RUN?Hello, everyone!💥
Today, let's talk about Bitcoin and its prospects for the coming years. What should we expect? Let's compare the two previous bull runs.
To start with, every four years, the reward for Bitcoin miners decreases, a phenomenon known as halving.
Why is everyone so waiting for halving? Well, when the next halving occurs, miners receive half the rewards, reducing the speed of new Bitcoin mining and consequently lowering its inflation rate (devaluation).
No one knows for sure what will happen next time, but it's worth making predictions based on the history of previous years. Especially since it's very transparent and repeats itself time and time again.
Let's take a look at the chart I've prepared for You.🧐
On the chart, I've marked two wedges, which I've colored white. The blue arrows indicate the regularity of three-year cycles. This is the time it takes for these channels to form and the regular way they break out.
After the breakout, the growth percentage is approximately the same ~550%.🚀
Assuming that the breakout occurred last year, from the $40,000 mark (the price has already corrected as it has done every time before - orange circles), and the growth will be like previous times, theoretically, the price in this bull run could reach the $255,000 mark.😱
🧐Do you believe in such growth? Are you concerned about the situation in the world? Share your thoughts in the comments.
💡I also wanted to share my previous chart with you. Perhaps you'll find it interesting.
Thanks for Your attention!
Always sincere with You,
Your Kateryna🫶
Still btc bullish
Don't predict just move according to market
Manage your risk before go to trade
Flag pattern also confirming market still continue up
Strong resistance level looking for break if it broken market make new higher high TP 75 to 82
December 2022 = major short squeeze???Boring times in the crypto market so great opportunity to analyze deeper than usual. What I have found is that when BTCLONG crossed above RSI 50 level (monthly close March 2021), a long squeeze followed and it is still going on since April 2021. With monthly closure of November 2022 BTCSHORT will close above RSI 50 so I wonder whether there would follow a major short squeeze like, long squeeze in April 2021. I draw a Fib retracement and maximum pain for both sides show us a price level of around $ 31000. Maybe a Santa rally till this level is coming? What do you think?
Why Trend is Not My Friend in Trading: Impact of Futures MarketsWhy Trend is Not My Friend in Trading: The Impact of Futures Markets
In trading, it's often said that the real money is in the futures markets rather than the spot markets. Futures markets offer higher leverage, greater opportunities for profit, and a unique set of dynamics that can be advantageous for informed traders. However, while it's wise to focus on futures markets for these reasons, blindly following trends within them can be misleading and risky.
The Relationship Between Futures and Spot Markets
Trends in futures markets often have opposing effects in the spot market. The direction of the spot market is frequently determined by activities in the futures markets. For example, while the spot market may show an uptrend, this is often not due to a genuine upward trend but rather a downtrend (more short than long) in the futures markets. This apparent contradiction arises because futures markets exert a powerful influence on spot prices through mechanisms such as leverage, speculation, and contract expirations.
In essence, there is no consistent trend that can be relied upon across both markets, which is why "trend is not my friend" in trading. Understanding the intricate dynamics between these markets is crucial for making informed trading decisions.
Example of Analyzing the Bitcoin Futures Markets
On November 30, 2022, during a relatively uneventful period in the cryptocurrency market, I took the opportunity to delve deeper into market analysis. I observed an intriguing pattern in the Bitcoin market, drawing from historical data and technical indicators to make future predictions
In March 2021, I noticed that BTCLONG crossed above the RSI (Relative Strength Index) 50 level at the monthly close. This event was significant, as it triggered a long squeeze beginning in April 2021 that persisted for several months. A long squeeze occurs when a heavily longed asset experiences a sharp price drop, forcing long holders to liquidate their positions, which in turn exacerbates the downward pressure.
By November 2022, I saw a similar setup but in the opposite direction. With the monthly close of November 2022, BTCSHORT was poised to cross above the RSI 50 level. Based on historical patterns, I speculated whether this would lead to a major short squeeze, similar to the long squeeze of April 2021. A short squeeze happens when a heavily shorted asset rises in price, compelling short sellers to cover their positions by buying back the asset, which drives the price even higher.
To add depth to my analysis, I drew a Fibonacci retracement, indicating that the maximum pain point for both long and short positions converged around the $31,000 price level. I mused about the possibility of a "Santa rally" – a rise in asset prices during the final week of December – potentially pushing Bitcoin to this level.
As the cryptocurrency community considered my analysis, market dynamics began to unfold. True to my prediction, a short squeeze did indeed follow the November 2022 monthly close. Bitcoin prices surged as short sellers scrambled to cover their positions, fueling a rapid increase in buying pressure. This rally propelled Bitcoin towards the $31,000 level, validating my technical analysis and highlighting the cyclical nature of market movements driven by trader psychology and technical indicators.
The short squeeze of December 2022 became a notable event in Bitcoin's price history, mirroring the long squeeze of April 2021. It served as a reminder of the importance of technical analysis and historical patterns in understanding and predicting market behavior. The anticipation of a potential Santa rally added a festive twist to market sentiment, capturing the imagination of traders and analysts alike.
In conclusion, my analysis on November 30, 2022, accurately foresaw the short squeeze that followed BTCSHORT's RSI 50 crossover. This event not only provided a profitable opportunity for those who heeded my analysis but also contributed to the broader understanding of market mechanics in the ever-evolving world of cryptocurrency trading.
Now, in June 2024, a new development has emerged. For the first time on a monthly basis, both short and long positions are below the RSI 50 level. To refine our predictions, we can examine lower time frames. On weekly and daily charts, when the RSI for both short and long positions falls below 50, and the RSI for long positions is even lower than for short positions, the price typically doubles. Given that Bitcoin's current price is around $70,000, a prediction of $140,000 is not unrealistic. However, because there are too many long positions in daily time frame, I expect a drawback of about 10% to follow before the price doubles.
This new scenario presents an intriguing opportunity to apply past patterns to current market conditions, forecasting a potentially significant price movement. As the market continues to evolve, the importance of thorough analysis and historical insight remains paramount in navigating the dynamic landscape of cryptocurrency trading.
Conclusion
In the complex and highly leveraged environment of futures markets, relying solely on trends can be perilous. The volatility, speculative nature, and structural peculiarities of futures markets often create false signals and abrupt reversals. Successful trading in futures markets requires a nuanced approach that goes beyond trend analysis, incorporating risk management, understanding of market mechanics, and a keen awareness of market sentiment. By recognizing the limitations and potential pitfalls of trend-following in futures markets, traders can develop more resilient and adaptable strategies.
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
#BTC/USDT Analysis
The crypto market has entered a strong bullish rally following the successful breakout and subsequent retest of the symmetrical triangle pattern. This rally faces horizontal resistance, a crucial level influencing short-term price movements.
Symmetrical Triangle Pattern: The breakout and retest of this pattern have led to the current bullish rally.
50-Day Moving Average: This moving average is moving upwards, indicating ongoing bullish momentum and acting as a dynamic support.
Resistance: Bitcoin is facing horizontal resistance. A decisive break above this level will further validate the current bullish sentiment.
Support: The 50-day moving average is providing dynamic support, reinforcing the upward trend.
If Bitcoin breaks above the horizontal resistance with strong volume confirmation, consider entering a long position. This move could lead to continued upward momentum and new highs.
Place a stop-loss order below the 50-day moving average or recent support level to effectively manage risk. Summary: Bitcoin (BTC/USDT) is showing strong bullish momentum after the breakout and retest of the symmetrical triangle pattern. The current rally is facing horizontal resistance, which is a crucial level for short-term price movements. A decisive break above this resistance could lead to continued upward momentum and new highs, while the 50-day moving average provides dynamic support. Stay tuned for further updates and analysis.
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.
Full analysis of Dominance Tether ( USDT.D )We are at the most important time bullran of Bitcoin and crypto market.
We have now reached the bottom of the descending channel and the most important Tether trend line (we were with this trend line from December 2017 to November 2021).
If the bottom of the channel breaks and reaches the trend, Dominance Tether will fall by 11% and a strong fomo will form, the price of Bitcoin will reach 70~89 thousand dollars, then we will see a sharp correction of the market after the halving. (unmodified
bullran is very dangerous and fragile).
But if the bottom of the channel is not broken, dominance will reach the range of 5.5%, as a result, the whole market will undergo a severe correction and the upward trend of the market will remain for the next halving.
Market correction can be done with strange and unexpected news.
The most important market days are March 11 and May 11 (white dotted line).
Be very careful in transactions, especially setting stop loss, in these 2 months whales and exchanges will be more active to get liquidity and stop hunters.
Bitcoin Monthly Chart Analysis!!Hello friends.
Bitcoin (BTC) has broken its previous all-time high and successfully retested it.
The monthly candle closed at $67,548, indicating strong bullish momentum.
Previous All-Time High: BTC breaking and retesting this level indicates strong support and a potential base for further gains.
Monthly Close: The monthly close at $67,548 indicates continued buying interest and bullish sentiment in the market.
Support Level: The previous all-time high now acts as a strong support level, providing a solid base for BTC’s upward move.
Resistance Level: The next significant resistance levels could be around $72,000, $74,000, and $76,000.
Bullish Scenario: Continued upward movement could see BTC testing and potentially breaking the next resistance levels.
Continued bullishness could lead to new all-time highs being reached due to strong market sentiment and institutional interest.
BTC may consolidate around current levels, gaining strength before the next significant move. Consolidation phases are common after substantial bullish momentum, causing the market to stabilize.
If BTC fails to maintain its current levels, we could see a pullback to retest support around the previous all-time high. Failure to hold this support could signal a deeper correction, although this is unlikely given the current bullish momentum.
The current levels provide a favorable entry point for long positions, with significant upside potential.
Apply stop-loss orders below key support levels to mitigate potential downside risks.
BTC’s successful retest of the previous all-time high and strong monthly close at $67,548 indicates a bullish trend. We are optimistic about BTC’s ability to continue its upward trajectory and reach new highs. Stay tuned for further updates and analysis! 🚀
What are your thoughts on this chart? Feel free to share your thoughts in the comments section. Thanks!
BTC Bottom / Max Long IdeaThe idea is simple figure out the bottom max long zone based on some info we know and see iff it hits
What we know;
1) we eventually make a 3rd touch on the trendline with 2 touches already if we assume the trend continues up
2) I found a spot that aligns with the neckline of an inverse head and shoulders marked in orange with a 72.5K long target along with floor @ 64.4
3) this also a floor / support zone and if we go below 64.3K we start the M pattern and turn bearish so I assume the bottom is higher then this level
The Idea is marked in Green, Going to put a long limit order @ 64.5 and see how this plays out
BTC/USDT 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
BTC is currently forming a descending triangle on the 4-hour timeframe and is trading below the Ichimoku Cloud.
BTC is showing lower highs, forming a descending triangle.
Trading below the cloud indicates a bearish sentiment.
Wait for a breakout above the triangle for a bullish signal.
The breakdown below the triangle will confirm the bearish trend.
Stay tuned for further updates and analysis!
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.
BITCOIN 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
BTC is currently displaying a 4-hour triangle pattern. Recently, it experienced a breakout from this pattern but quickly re-entered the triangle, which shows indecision in the market. The pattern has broken out once again, suggesting the possibility of short-term upward movement.
• *Triangle Pattern:* BTC has consistently shown a 4-hour triangle formation.
• *False Breakout:* The previous breakout failed, causing BTC to fall back into the triangle.
• *Current Breakout:* BTC has broken out again, which suggests a potential bullish trend.
BTC is facing strong resistance between *$71,600 and $73,000*. This range is crucial for the next significant move, as overcoming this resistance could lead to further gains.
Given the recent breakout, BTC could see a short-term bounce. However, traders should closely monitor the price action around the $71,600 to $73,000 resistance zone for signs of strength or a possible reversal.
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.
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Current Price: $68,100.01
Bitcoin is trading within an ascending channel, which shows higher highs and higher lows, indicating a bullish trend.
Immediate Resistance: Around $72,000 – This level serves as a key barrier that BTC needs to break for further upside.
Immediate Support: Around $67,000 – This is the lower boundary of the ascending channel and an important support level to maintain the bullish structure.
21-period SMA (yellow line): BTC is trading close to the 21-period simple moving average, which currently acts as a dynamic support level.
100-period SMA (violet line): Located below the current price, offering additional support.
Ascending Channel: White lines indicate an ascending channel, which shows a bullish trend as long as BTC remains within or above the lower range.
Potential Breakout: A breakout above $72,000 with strong momentum could lead to a test of higher resistance levels around $74,000 and $76,000.
Continuation of the uptrend: If BTC holds its position above the 21-period SMA and breaks above $72,000, we can expect a bullish move towards $74,000 and potentially $76,000.
Volume Confirmation: Increasing volume during the breakout will strengthen the bullish scenario.
If BTC fails to hold above $67,000, it could signal a break out of the ascending channel, leading to a possible drop to $64,000 and $62,000.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
BTC/USDT CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BTC/USDT Analysis – Brief Update
BTC is currently moving within an ascending triangle pattern. After being rejected at horizontal resistance, it is now trading above the Ichimoku cloud.
Ascending Triangle Pattern: BTC is making higher lows, indicating buying pressure. Horizontal resistance marks an important level to watch.
Ichimoku Cloud: Trading above the Ichimoku Cloud indicates bullish sentiment.
Possible movement:
Bullish Scenario: A bounce off current levels, followed by a breakout above the triangle resistance, would confirm a bullish trend.
Neutral scenario: Expect further movement within the triangle, until breakout.
Stay tuned for further updates and analysis!
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
#BITCOIN CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Bitcoin (BTC) Price Movement Analysis and Short-term Update
Bitcoin (BTC) has been fluctuating between $70,000 and $72,000 recently, indicating a period of consolidation at these high levels. Here are some key points to consider for the long-term outlook of BTC:
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
BTCUSDT (bitcoin) growth from strong support.Hi friends. Lets look at BTC 1H timeframe. We have a strong support zone between 66448 - 67222. And also market formed bulls accumulation zone in this prices. So upper trend to near X-Lines level 69700 in near future. Follow me )
#BTC/USDT CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
The chart shows that Bitcoin is currently in a resistance zone marked by a horizontal band.
The red arrow suggests an anticipated downward movement.
Yellow line: This probably represents a short-term moving average.
Purple line: This probably represents the long-term moving average. The head and shoulders pattern generally signals a change in trend from bullish to bearish. If Bitcoin breaks below the neckline (the support line connecting the bottom of the shoulders), it could signal a significant price decline.
Pay attention to potential support levels where Bitcoin may find temporary stability. These are often previous resistance levels or moving averages.
Keep an eye out for wear below the neckline. If this happens, it could confirm the bearish trend.
Consider setting up a stop-loss order to protect against significant losses.
The chart shows that Bitcoin is at a turning point.
Feel free to reach out for further analysis or updates!
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Bitcoin looks set to rally above 60kWe all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term.
Volume retreated with prices since the March high, which is a typical characteristic of a retracement. Yet a final stab lower found support at the 100-day EMA, 38.2% and 50% retracement levels before a mini V-bottom formed. This also coincided with RSI (14) hitting oversold, which I define as below 40 during an uptrend.
The prices have since retreated lower from the rally back above 65k, and showing signs of stability above 60k. The retracement held above the 61.8% Fibonacci level and are now holding above the 50% level.
Bulls could enter live at market with a stop below 60k (or recent swing low) with an initial target at 65.5, a break above which brings 68k into focus - or the highs near the high-volume node.
