Bitcoin Hits Head on Massive Area of Confluence!Traders,
An additional point to my previous post regarding Bitcoin meeting its inverse H&S target of 35k: this also just so happens to intersect exactly a major resistance trendline which we have remained under since June of 2022. I know I don't do shorts anymore on this channel, but if I did ....
Best,
Stew
Btcshort
|BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin surged to a multi-month high in today’s session, as markets remained optimistic that the SEC could soon approve several spot bitcoin exchange-traded funds (ETFs).
BTC/USD surged above 30,000 as sentiment grew, reaching 30,104.09 earlier today.
This comes following a low of 28,449.96 on Thursday, with today’s peak the strongest point Bitcoin has hit since July 23.
the breakout of a ceiling at 69.00 on the relative strength index (RSI) also contributed to the gains.
price strength is now at 71.14, which is in overbought territory.
There has also been some slight profit-taking in the market, with bitcoin now trading at 29,475.77.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler.
BTC/USD peaked at 28,566.75 on the news, following a low of 28,174.25 during Wednesday’s session.
Today’s move comes as bitcoin bulls pushed the price back above a recent floor at the 28,200 level.
the bounce comes as the 14-day relative strength index (RSI) jumped to a support point of its own at 63.00.
the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00.
In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs.
BTC/USD edged to a low of 28,172.91 earlier in today’s session, which comes a day after a high of 28,889.01.
Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as 30,000 earlier in the week.
the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level.
the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday.
Price may continue to consolidate until either the aforementioned floor or ceiling is broken.
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BTC PUTSThere is a very real chance Bitcoin will get rejected the 3d time from the supply area, which is coinciding with the upper limit of the channel.
This rejection will cause the price to drop to $25000, thus forming a head and shoulders pattern in daily and weekly timeframes. And it wont look good from there as its very likely $25000 wont hold for too long, dropping the price even further until it establishes itself at around $16000 demand area.
Prepare for the worst. Winter is coming.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed.
BTC has since slipped, and is currently trading at 26,866.74, it is still higher than yesterday’s bottom.
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above 27,000.
bitcoin is trading 4% lower than at the same point last week.
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Bitcoin to see another negative day?Bitcoin - 24h expiry - We look to Sell a break of 26478 (stop at 26878)
There is no clear indication that the downward move is coming to an end.
A break of yesterdays low would confirm bearish momentum.
Our bespoke support of 27250 has been clearly broken.
We look for losses to be extended today.
The lack of interest is a concern for bulls.
Our profit targets will be 25478 and 25178
Resistance: 26890 / 27250 / 27600
Support: 26500 / 26200 / 26000
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BTC By HesamUNT ( New Update )hey traders
we had this move for mid-term scenario and its already done
now we can take 28098 as a potential resistance area which all time fib 0.618 confirmed
also all time fib ext 1.414 lvl around 27168 can b a gr8 entry for short position
what u think ?
share ur chart and leave a comment
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) continued to trade below the 28,000 level on Tuesday before last month’s FOMC minutes were released.
BTC/USD peaked at 27,715.85 earlier in the day, less than 24 hours after hitting a low of 27,302.56.
although mid-term momentum appears bullish, bears seem to be looking to hit the 27,000 mark in the short term.
The relative strength index (RSI) of 14 days remains on a downward trend, with a current reading of 54.95.
This comes as price strength attempts to find a floor, following a move away from a resistance level of 60.00.
BTC is trading at 27,518.86, however, volatility will likely increase as we near tomorrow’s economic release.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) slipped for a second straight session on Monday, with traders retreating from high-risk assets, as tensions in the Middle East escalated.
Following a peak of 27,999.55 on Sunday, BTC/USD dropped to an intraday low of 27,445.89 earlier in the day.
bitcoin has been edging lower since Friday after bulls failed to orchestrate a break out above a ceiling at 28,300.
it now appears that momentum has shifted bearish, with bitcoin heading for a support point at 27,000.
The 14-day relative strength index (RSI) has also been on the decline, moving away from its resistance of 60.00, and is now tracking at 54.35
A target of 45.00 on the RSI will likely need to be hit if bears are to push BTC below the 27,000 level in the coming days.
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BTC updateGM everyone!
#BTC update
The coin currently in consolidation mode
Looks 50/50% if the coin will manage to break above 28K$, only then it can go higher to the levels I was writing about before. (1st line)
If we see D close below 27K$ them we can expect dump till 26-25K$ (2nd line)
But, I should tell you that #USDT.D looks very bullish right now
Closing above 7.9% will open the way back to 8.2% and 8.4% in this case crypto market will dump.
I will open a short position on BTC with the tiny SL at 28586$
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) continued to trade around the 28,000 level on Saturday, as traders responded to podcast phenom Joe Rogan, discussing the cryptocurrency.
Speaking to the founder of Openai Sam Altman, Rogan said, “That’s the one that has the most likely possibility of becoming a universal viable currency.”
BTC/USD peaked at 28,252.54 following the comments, following a low of 27,215.55 during Friday’s session.
the move came after the relative strength index (RSI) broke out of its own price ceiling at 61.00.
price strength is now tracking at a reading of 62.25, with the next visible ceiling at the 65.00 mark.
Should the index reach this point, there is a strong possibility that bitcoin will be trading above 28,500.
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BITCOIN ANALIYSIS UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis (BTC) had a brief stint above the 28,000 level late on Thursday, as market volatility increased ahead of today’s nonfarm payrolls report.
BTC/USD peaked at 28,091.86 towards the tail end of yesterday’s session, before slipping to a bottom of 27,375.60 earlier today.
Prices have since rebounded, with the world’s largest cryptocurrency now trading at 27,649.56 as of writing.
BTC retreated from yesterday’s high after the relative strength index (RSI) failed to sustain a surge above a key resistance level of 60.00.
The index is currently at a reading of 58.95, however, there could be another attempt to move beyond 60.00 in the coming hours.
In the event that the next advance is successful, there is a strong possibility Bitcoin will be back trading above 28,000.
I have tried to bring the best possible results in this chart.
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