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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. The daily candle is still at the support level of $58.300k, which is a positive sign for Bitcoin price stability. This support level is important, and staying above it shows that the bulls are still in control. If we break this support level, we will likely enter the $57k range, which indicates further bearish moves. The $60k support level is a crucial range that traders and investors are closely monitoring. For now, the $58.300k support remains strong. As long as BTC does not fall below the $58k support on the daily timeframe, a rebound is likely. This means that as long as the price stays above this level, there is a good chance of a bullish recovery. $58,000 is the main support level. Current price: $58.888. If the support breaks, the price could drop to the $57k range. As long as the $ 58k support is not broken. Do your own research before investing. Trade safely. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
Chart Idea - BTC Swing Long for 6-8 weeksBTC looking bullish for next few weeks. It can certainly go and test $62k to $60k region. However, as per my TA, it's already hit the local bottom and need good bounce from here. Taking a swing long for next few weeks from FWB:65K on the basis of following confirmations. Confirmations on Daily TF: - Bull Flag Breakout and Retest - 0.5 Fib Level Retracement at $64200 region - Stoch RSI oversold at around 1 region Trade Setup: Entry: $65000 TP: $81500 SL: $59999
Long
by smwajeeh
2
BTC.USDT 1DAY 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. Look for a confirmed breakout above the resistance trendline and Ichimoku Cloud. If the breakout is confirmed by high volume and supportive indicators, consider a long position. For a bearish breakout: Look for a break below the support trendline of the triangle and Ichimoku Cloud. If the break is confirmed by high volume and supportive indicators, consider a short position. Summary Bitcoin is at a critical juncture, facing resistance from the symmetrical triangle and the Ichimoku Cloud. A confirmed breakout above these resistances could signal a strong bullish trend, while a break below the support trendline and Ichimoku Cloud would signal a bearish trend. Closely monitoring key levels and indicators will provide the signals needed to make informed trading decisions. Would you like more information on specific entry and exit points or additional analysis on related factors? Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
The Relationship Between BTC Spot and BTC DerivativesThe Relationship Between BTC Spot and BTC Derivatives: Analyzing Market Dynamics Bitcoin (BTC) has evolved from a fringe digital experiment to a mainstream financial asset, attracting investors from all corners of the globe. Understanding the intricate dynamics between BTC spot prices and BTC derivatives markets is crucial for market participants. This essay delves into the relationship between BTC spot and BTC derivatives, examining how the balance of shorts and longs in the derivatives market influences the spot price and why current market conditions indicate a bullish trend for BTC on daily, weekly, and monthly time frames. BTC Spot and BTC Derivatives: An Overview The BTC spot market involves the direct purchase and sale of Bitcoin for immediate delivery and payment. The spot price is a single variable representing the current market value of Bitcoin. In contrast, the BTC derivatives market comprises financial instruments such as futures, options, and swaps, whose value is derived from the underlying BTC asset. The derivatives market allows traders to speculate on the future price of Bitcoin without necessarily owning the asset. The Interplay Between Shorts and Longs In the derivatives market, traders can take long or short positions. A long position bets on the price of Bitcoin increasing, while a short position bets on the price decreasing. The balance between these positions provides insights into market sentiment and can influence the spot price. Predominance of Shorts and a Bullish Spot Market When the number of short positions significantly outweighs long positions, it indicates that many traders are betting on a price decline. However, this bearish sentiment can lead to a phenomenon known as a short squeeze. If the price starts to rise, short traders are forced to cover their positions by buying Bitcoin, driving the price up further. Thus, a predominance of shorts can paradoxically create a bullish environment for the BTC spot price. Predominance of Longs and a Bearish Spot Market Conversely, when long positions dominate, it suggests widespread bullish sentiment. However, if the price fails to rise as expected, long traders may start to exit their positions to cut losses, leading to selling pressure that can drive the price down. Therefore, a predominance of longs can result in a bearish spot market. Current Market Dynamics: A Bullish Outlook Examining the current market dynamics across daily, weekly, and monthly time frames reveals a bullish outlook for the BTC spot price. This outlook is driven primarily by the current balance of shorts and longs in the derivatives market. Daily Time Frame: On a daily basis, the market shows a higher number of short positions compared to long positions. This imbalance suggests that many traders expect the price to fall. However, this also means that the market is ripe for a short squeeze. If the price begins to rise, short traders will rush to cover their positions, buying BTC and driving the spot price up. This potential for a short squeeze indicates a bullish trend in the short term. Weekly Time Frame: On a weekly scale, the data similarly shows that shorts are predominant over longs. The continuous buildup of short positions creates a scenario where any upward price movement could trigger a significant number of short covers, leading to sustained buying pressure. As shorts scramble to exit their positions, the spot price could see substantial gains, reinforcing the bullish outlook for the medium term. Monthly Time Frame: Long-term analysis also points to a bullish trend, driven by the sustained presence of a larger number of short positions relative to longs. Over the monthly timeframe, the market sentiment that has led to the buildup of shorts may eventually give way to upward price movements. The longer shorts remain predominant, the greater the potential for a significant price increase when these positions are eventually covered. This scenario supports a bullish perspective for BTC spot prices in the longer term. Conclusion The relationship between BTC spot and BTC derivatives markets is a critical aspect of understanding Bitcoin's price movements. The balance of shorts and longs in the derivatives market can significantly impact the spot price, with predominance in shorts often leading to bullish outcomes and predominance in longs potentially resulting in bearish trends. Current market conditions across daily, weekly, and monthly time frames indicate a bullish trend for BTC spot prices. The higher number of short positions relative to longs suggests that the market is primed for potential short squeezes, which could drive the spot price upward. As Bitcoin continues to mature as a financial asset, comprehending these market dynamics will remain essential for investors and traders aiming to navigate its volatility successfully.
Long
by MyNameIsEmrah
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!
by CryptoSanders9563
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
BITSTAMP:BTCUSD
by DisIts
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🫶
BITSTAMP:BTCUSDLong
by RocketBomb
36
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?
Long
by MyNameIsEmrah
3
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.
Long
by MyNameIsEmrah
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.
Long
by CryptoSanders9563
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.
CRYPTOCAP:USDT.D
by Sadegh_Sh
6
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!
BITSTAMP:BTCUSDLong
by CryptoSanders9563