Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1H 4H
Trend breakdown
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Breakdown of support level 36577
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Retest of resistance level 36577
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TP 1/3 35353 = RR 1 to 3
TP 1/3 34743 = RR 1 to 5
SL for High 36893 + when the first TP is reached = Stop Plus
I am interested in your opinion on this algorithm of actions
deposit 20% of asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
day loss 1% of deposit
RR 1 to 5
Entry on negative news background
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At negative mood of trendsetters
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No nearby reports, speeches
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Bearish chart and candlestick patterns
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A pool of indicators signalling a downtrend
#DYOR
Btcshort
BTC 4HR Analysis - Bears Are Taking Control to 200EMA!Bitcoin has had three pushes up from its previous trading range ending with a failed break of the $37,500 resistance level three times, leading the price below the 30EMA. Per my Weekly Analysis, the $37,500 price area is Bitcoin's Weekly Bull Channel resistance. These data points mean a short is reasonable from the $37,000 price area with a stop just above the pin bar at $38,000. It's also reasonable to take some profits at the bull channel bottom (about 1:1 Risk/Reward) and the remainder just before the 200EMA around the $34,000 area.
Key Points
1. Bitcoin is still in a Bull Channel
2. We have three pushes up ending with a strong bear pin bar
3. Three failed attempts to break and hold $37,500.
4. Gap from Current Price to 4HR 200EMA
5. RSI is just above 40.00 with Room to Fall
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin’s recent price action reflects a positive uptrend with its value piercing through the 37,000 resistance zone yesterday only to settle at just above that range. The oscillators present a mixed bag of signals with the relative strength index (RSI) at a high 83, suggesting that BTC may be entering overbought territory despite a neutral stance. Meanwhile, the Stochastic holds at 74, maintaining neutrality, and the commodity channel index (CCI) stands at 162, hinting at a continued bullish run albeit within a neutral zone.
Moving averages for bitcoin reveal a strong consensus for bullish sentiment. The exponential moving averages (EMAs) and simple moving averages (SMAs) across various time frames (10, 20, 30, 50, 100, and 200 days) all signal bullish sentiment. This unanimous direction indicates a firm trend upwards, with shorter-term EMAs like the 10-day at 35,481 reinforcing recent gains and longer-term averages such as the 200-day EMA at 28,496 confirming a solid upward trajectory over a more extended period.
The potency of Bitcoin’s bullish trend is further evidenced by its market behavior, showing a strong 7.5% increase over the last week and an impressive 34.9% rise over the past month. Such momentum will likely attract a speculative surge, driving prices to new heights before any potential corrective actions take root. Investors may view this as a testament to Bitcoin’s resilience and a beacon of its inherent value proposition amidst the market’s ebb and flow.
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Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading.
If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length).
It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market.
We could argue that it also happened back in July/August 2014 – October 2015.
In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market.
We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
The whales have sold off their holdingsThe BTC market continues to fall, but resistance still exists. From October 2022 to August 2023, the number of Indonesian cryptocurrency investors has never increased by more than 1%, reflecting the downward trend in the global cryptocurrency market.
Furthermore, Bapebuti said that the virtual currency transaction value in Indonesia also decreased by 25.2% month-on-month in September 2023 and by 54.7% compared to the same period in 2022.
Prior to this, at the end of July 2023, Indonesia's Ministry of Commerce coordinated with Bape Buti to open the first virtual currency exchange (CFX) in this Southeast Asian country to ensure people's safety. Trading cryptocurrency assets.
According to Trade Minister Zulkifli Hassan, the launch of CFX reflects the Indonesian government's commitment to providing security to businesses and building a fair ecosystem for crypto asset trading.
Zulkifli argued that the new exchange will also provide clear regulations to protect consumers and give them peace of mind when conducting cryptocurrency transactions, thereby contributing to the country's economy and trade.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback.
The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum.
the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on.
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Time for a BTC pullback?BTC is not only at resistance, there's also a Death Cross on the RSI indicator.
- KUCOIN:BTCUSDT is at an upsloping resistance line going back to Feb 2022
- There is also significant horizontal resistance around 36,500
- The RSI is at 77.5, going lower than the RSI MA (81.19) which could signal a downtrend
Shorting looks very appealing. But, the last time I said that, at 31k, we hit a god candle and all my shorts got stopped out, so don't listen to me, I'm an amateur.
BTC/USDT UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) is exchanging hands at 34,388.22 per unit. The leading crypto asset has recorded a 24-hour range between 34,174 and 34,703 per BTC. Bitcoin commands approximately $8.97 billion in global trade volume on Wednesday, and its market cap dominates by 50.9%.
Bitcoin’s current state reflects a strong bullish momentum, underscored by its significant price surge over the last fortnight. The relative strength index (RSI) at 79 and Stochastic at 75 both point toward overbought conditions, signaling the potential for a price correction or consolidation in the near term. However, the moving averages tell a different story; with the exponential moving average (EMA) at 33,586 and simple moving average (SMA) at 34,173, both indicators suggest a bullish signal, reinforcing the prevailing upward trend.
Despite the positive price movement, the discrepancy between the oscillators and moving averages necessitates caution. The overbought conditions indicated by the RSI and Stochastic could lead to increased volatility, and traders should be prepared for potential short-term price fluctuations. The moving averages, while bullish, could also be interpreted in conjunction with the caution signals shown by the two oscillators.
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BTC in new way My RNN divergence script has been sitting on an important resistance level, and the number of bearish predictions keeps increasing. If we look at the past, similar prediction counts have led to negative outcomes.
However, it's important to note that things like interest rates could also affect the markets, and this is not a standard way to look at it. It's always important to keep your eyesight wide and consider all perspectives when making trading decisions.
Good luck on your trades!
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- \Bitcoin consolidated on Tuesday, as markets braced themselves for the upcoming consumer confidence report from the United States.
Following a high of 34,843.94 to start the week, BTC/USD slipped to an intraday low of 34,083.31 in today’s session.
This has resulted in the world’s largest cryptocurrency hovering below a key price point of 35,000.
the relative strength index (RSI) tracked above a floor at 79.00, which is deep in bull territory.
Price strength is now sitting at 82.02, with the next visible point of resistance being at the 88.00 mark.
many see BTC as being overcooked, with a more long-lasting reversal potentially on the cards.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- bitcoin remained near the 35,000 level, ahead of a key week of economic data from the United States.
BTC/USD peaked at the 34,743.26 mark to start the week, after falling to a low at 34,173.38 on Sunday.
Bitcoin is moving closer to an 18-month high at 35,157, which was last struck on October 25.
Since hitting a low of 33,400 on Friday, BTC has made consecutive gains, which comes after the relative strength index (RSI) found a stable floor at 79.00. the index is tracking at 82.52, which is still significantly above the overbought mark.
Should the price continue to increase, there is a good chance that price strength will edge closer to a ceiling at 87.00.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin rose back above the 34,000 level on Saturday, which comes following recent price consolidation.
After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day.
The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought.
Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory.
the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark.
If this level holds throughout the weekend, bulls may make another run towards the 35,000 level.
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.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin slipped below the 34,000 mark on Friday, as markets consolidated ahead of U.S. consumer sentiment figures.
BTC/USD fell to a low at 33,762.32 earlier in today’s session, which comes following a peak at 34,649.40 the day before.
bitcoin continued to pull away from a recent 18-month high, as bears began to gradually seize market sentiment.
This comes as the relative strength index (RSI) remained in overbought territory, with a current reading of 83.68.
Bulls in the market seem reluctant to let go of their positions and have gone on to once again push BTC above 34,000.
BTC remains nearly 15% higher than at the same time last week, despite the recent price consolidation.
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Bitcoin. Working with liquidityHello trader! Without any fundamental theory, conspiracy theories, or technical analysis, I'm trying to work with liquidity on Bitcoin. The market maker has already removed yesterday's liquidity, and today has drawn a new one for a downward move. I enter from the order block and set the stop loss behind it.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin once again fell below the 35,000 level on Thursday, after a brief stint above this level on Wednesday.
Following a high of 35,133.76 late in yesterday’s session, BTC/USD dropped to an intraday low of 34,151.88 earlier today.
The move saw bitcoin continue to trade close to its strongest point since May 2022, when the price was over 37,000.
bitcoin is now trading at 33,990.55, which comes as the relative strength index (RSI) failed to penetrate the 90.00 zone.
the index is at a reading of 82.99, which remains significantly overbought in the medium term.
Should sentiment begin to truly shift bearish, a floor at 31,000 is the likely target for bears in the market.
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BTC/USDT --->PREDICTION PATHWAY (Sell Position)hi
according previous analysis (attached) it comes up to touch the target but but but it has big problem and bad news for holders it would come back down again for 3 result:
1- before it touched support comes up !!
2- it has unsettled surface 2 times
3- it has some unresolved surface
in my opinion it will see lower price level again. ( i am sure.)
anyway i know some guys disagree but that's not important like when BTC was 60000 AND FINALLY RECIEVED 15K$.
Don't forget money management .
be profitable.
(I attached previous analysis)
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains
BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark.
Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday.
One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00.
the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal.
Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further.
I have tried to bring the best possible results in this chart.
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BTC crash 🩸 incoming Short term analysis 📌 high risk reward // #DYOR
Expecting crash 🩸 after October fomo 😊
Buy :: $28100 - $29100
Sell :: $23000 - $19800
Stop lose 📌 $32100 ( i recommend day above $32k )
Head shoulder pattern make me stronger 💪 with supply and demand zone 📌 BITSTAMP:BTCUSD
this is my expectations for next 3 months
What's ur comment below 📍