Btcshort
Will overbought Bitcoin breakdown?Bitcoin - 24h expiry - We look to Sell a break of 27098 (stop at 27981)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Trading within a Bullish Channel formation.
A break of the recent low at 27206 should result in a further move lower.
A higher correction is expected.
Our profit targets will be 24925 and 24525
Resistance: 28200 / 28500 / 28900
Support: 27600 / 27200 / 26800
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Will BTC reach 30K+ or it will dump? BTCUSDT updateHi dear community my loyal followers, I hope you are fine.
Let me update BTC current situation and my expectation.
This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-.
At the moment, you can see on the chart that BTC has created Bullish megaphone chart pattern/Inverted symmetrical triangle/ and tested its upper line where there is significant, one of the strongest resistance/.. There are BB, FVG zone, 0.38 fib level, 21 monthly EMA, diagonal resistance+ horizontal resistance/ etc. Look at bellow attached charts also to understand what I mean.
I expect BTC to break 1h bull flag reaching 28.6K/attached bellow/ , which will be fake breakout of bullish megaphone chart pattern / a lot people will open long positions, at the same time BTC sweeps liquidity above 27.8K then we' will see strong rejection and correction starts. When BTC reaches 28.6K , BTCD will be at 48-48.5K at main resistance/attached bellow/, where it will drop and during this BTC correction , we'll see mini altseason.
Pay attention that volume is decreasing while price is rising/bearish divergence/ also there is bearish divergence at daily OBV which doesn't support this pump)). I expect BTC to drop 22.6-22.8K where there is OB+FVG + 0.618 Fib zone, if BTC can't hold the mentioned zone it will dump to 20.5K. During this drop price will react at 25.2K small bounce, then drops to 0.5fib level/23.6K/ again bounce/this level could hold as well/ and drops to 22.6-22.8K taking out IDM/sweep liquidity/
Also keep your eyes at 23.6K 0.5 fib level, which is mid range of megaphone chart pattern. there is chance it can hold as well, but more likely 22.6-22.8K will be reached.
After the mentioned scenario we'll see new highs, at the moment I can't tell you 22.6-22.8K will hold or not, we'll see BTC reaction at that point.
Please don't forget to like, follow and share my ideas. I will appreciate any kinds of support.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was once again trading below $28,000, as traders consolidated recent gains ahead of the upcoming FOMC meeting.
Following a high of $28,352.76 to start the week, BTC/USD fell to an intraday low of $27,439.65 earlier today.
The move sees bitcoin move away from its recent nine-month high, ahead of tomorrow’s rate decision, which will likely lead to increased market volatility.
One sign of this uncertainty comes as the 14-day relative strength index (RSI), which failed to move beyond a ceiling of its own.
As of writing, the index is tracking at 71.47, which is marginally below a resistance level of 72.00.
BTC has since risen back above $28,000 however, with price swings likely to persist throughout the course of the day.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
$btc $25k daily pivot retest | short setupthink the play here is short back down to the daily pivot ~ $25k.
htf resistance broken so macro trend likely to remain bullish.
if we get the daily pivot retest, currently leaning towards it holding strong. planning on closing shorts and looking for longs there, if we're lucky enough to get it.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week trading above $28,000, as markets responded to the deepening global banking crisis.
The coordinated action by several major G7 central banks comes as Credit Suisse was bought out by rival UBS, a move engineered by Swiss authorities.
BTC/USD jumped to an intraday peak of $28,527.72 earlier today, which comes a day after trading at a low of $27,196.76.
As a result of the rally, bitcoin climbed to its strongest point since last June, with many now anticipating a move above $30,000.
Overall, this surge has sent prices into overbought territory, with the 14-day relative strength index (RSI) now tracking at 72.73.
The next visible point of resistance appears to be at 75.00, and should this be hit, there is a strong chance BTC will be at $30,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
Bitcoin Elliott Wave : B Wave Complete Starting Wave CBitcoin Elliott Wave : B Wave Complete Starting Wave C
Wave A Down With Subwave 12345 From $69,000 To $15,476
Wave B Up With Subwave ABC From $15,476 To $28,472
Wave C Starting Downward With Subwave 12345 From $28,472 To Below Wave A Bottom $15476, Hopefully Below $$12,000 - $10,000
BTC MACRO analysisWe clearly can see that range high deviation, it means that price took out sellers that had their stops above old high. In the same time, price filled imbalance. In the near weeks, I expect to see market structure shift in the blue box and continue moving lower to grab traders stops that setting in the long positions.
Not a financial recommendation.
Have a good profit!
📉Bitcoin scenarios/up or down?📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Bitcoin analytical series S01E08
Hello traders, don't forget to risk-free your positions.
Long targets ----> Green lines.
Short targets ----> red line & yellow lines.
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌
Where BTC going from here? BTC find bottom? Last 4 - 5 months I tracked #Bitcoin to see when it will hit the bottom like many of you and I was expecting capitulation before we see a strong move up from BTC.
Did Crypto find bottom, Alts and BTC? I'm not 100% sure but altcoins made nice 50%+ move some even bigger move from bottom. If you are not already long on some of these movers or if you catch some of these moves I guess it is a good time to take some profits from table and move Stop in profit. I'm 100% sure I will not long here.
Why?
Because I'll wait to see where this going from here. Can Bitcoin push from here without retrace? Sure, it's possible, but the question is what kind of traders are you? Holder? Where to enter and where to place Stop? Anyway this is what I tracked these months for #BTC and what I was looking for (I know bear option is not popular) and what could happen.
Back in September '20 the first harmonic pattern I spotted (after BTC make big drop) was bullish Shark pattern. I also noticed that is choppy waves and usually it is not a good idea to take long in bearish market.
I got the bearish harmonic pattern in result of how the price moves (small Butterfly harmonic pattern)
Again, I noticed choppy waves (not impulse, this move should be part of some larger correction)
At same time, I got a larger harmonic pattern (121 pattern)
and 5 - 0 pattern, that is a specific harmonic pattern (small margin for error)
I assume this is just internal (inside) correction of larger move down (from 25k to 18k) and I have confluence of 3 #harmonic patterns.
Risk to Reward (R:R) is good and in bearish market is always a better option to ride with trend. Clear Entry, Stop and all Targets.
So, Bitcoin reached all targets, for one small and two larger harmonic patterns.
After that drop, the next pattern I got is small Cypher and Anti Butterfly pattern.
Like I said before, it is not a good idea to long in bearish market but these harmonic patterns reached all targets (I ask myself maybe trend is going to change)?
After a nice move from that bottom, Bitcoin reached new larger bearish harmonic patterns (very large 121 pattern and Cypher and Anti Butterfly)
These patterns even reached PRZ however they still did not reach "entry". The question is will it be invalidated (not reached "Entry" before break up) or we will see valid harmonic patterns (hit entry) and reached some targets?
One of the reasons to be careful is because I can see two more possible harmonic patterns above (Crab and more upside Nen Star and Anti Bat).
If this is not bottom one of the options are this Elliott wave that I see.
I guess soon we will see where the top is for this move up (if this is bottom) and what kind of move down we will see after we find top (if this is not yet). 3 or 5 wave down.
Enjoy and good hunting.
Patterns, CME Gaps & Golden Pocket RocketCheck notes on the chart.
1) Bearish Rising Wedge
2) Descending Triangle
3) Ascending Triangle
Expansion Creating CME Gap, aka Futures Liquidity Gap. (These almost always get backfilled.)
4) Current Pattern, Bullish Ascending Channel.
We had a fake out to flush the longs, and create liquidity, and to backfill the CME Gap.
All other narratives are fun stories.
We have since course corrected violently, failing to break out of the previous range, creating a Swing-Failure , which is locally bearish. This likely retraces to 23k, before a continuation higher to fill the next CME gap around $27,355 and $28,740 .. of course some profit taking, or other exogenous events such as the indexes falling could correlate with some pull backs, but ultimately I'm expecting 35k to fill this year.
Strong resistance there, likely to struggle to get above.
If it does, the next gaps that could be liquidity grabs are
$45,000-$46,500
$52,500-$53,500
I don't believe we see a new ATH this year or next. 2025 is my target for ATH, which I believe we be a minimum of 130k and a max of 180k. I will scale out of positions between those two prices.
BTC - A strong and long-lasting resistance , Down ? Up ? It seems that this red resistance line is very, very, very important. TimeFrame => 1W
The possibility of price reversal in this area is extremely high.
Trade carefully.
This is a personal opinion, and the crypto world is very risky.
May your journey be fruitful.
BTC ShortI think bitcoin has two scenarios ahead :
1- Dumping from $27,500 to 13,000-12,000 zone area
2- Continuing the increasing trend and stopping in the range of 31,000 dollars, the price starts falling towards the price of 13,000-12,000
Be nice...
Can't believe we have to spell this out, but yes, please treat others how you'd like to be treated yourself. Be respectful, kind, tolerant, and constructive, even when you disagree. There's no room for negativity, swearing, trolling, or conflict here: it's a waste of time and the hallmark of an idiot.
Good Luck
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rose back above $27,000 in today’s session, as markets reacted to the Federal Reserve’s decision to pump liquidity into the U.S. economy.
Following a low of $24,624.74 on Thursday, BTC/USD raced to an intraday peak of $27,002.39 earlier in the day.
As a result of the move, bitcoin climbed to its strongest point since June 2022, when the price was above $28,500.
Since this latest rally, the 10-day (red) moving average is now on the verge of an upwards crossover with its 25-day (blue) counterpart, which many see as a sign of a longer-term bull run.
In addition to this, the 14-day relative strength index (RSI) has broken out of a resistance level at 67.00, moving into overbought territory in the process.
At the time of writing, the index is tracking at 70.09, which is the strongest reading for the index since early February.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.