Btcshort
#Bitcoin - thoughts out loud #1.Good afternoon, dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
In the New Year, we see positive dynamics, but this is not enough to index this movement as "successful". Therefore, in order to update local highs, we have to go even lower to gain positions at more favorable prices for ourselves (price range 15555-16666). Scenarios of possible development of the situation №1,№2 are relevant, but the market will settle everything by itself.
If we consider the picture on the smaller time frames for a more detailed assessment of the market strength.
Dear colleagues, on the 4H time frame, we see how the price was artificially held by professional operators. Pay attention to the first two processes (marked with a circle), we have a great volume, a great result in relation to each other, but the progress does not suit us, okay, we can ignore the progress.
We go further and on the 3rd process there is a sign of local force on increased volumes, everything suits us perfectly. And the fourth, extreme situation (blue rectangle) highlighted bars and volumes, the question is why we observe an abnormal volume on the narrowing spread?
My assessment of this situation is "WEAKNESS" but on the news background we can observe a false breakout of the highs and further depreciation of the instrument.
Thank you all for your attention, I wish you success, and remember:
Sometimes you win/sometimes you learn.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell for a fourth straight session on Thursday, as markets reacted to news that Silvergate Bank will be liquidating its operations.
Following a high of $22,198.90 on Wednesday, BTC/USD slipped to an intraday low of $21,609.99 earlier today.
The decline in price pushed bitcoin to its lowest point since February 13, when it traded at the bottom of $21,366.
Looking at the chart, this latest sell-off coincided with the 14-day relative strength index (RSI) falling to its lowest point since November 28.
As of writing, the index is tracking at 36.86, which is marginally below its support point of 37.00.
Despite this, BTC remains above its own floor at $21,700, and should this zone hold steady, there is a chance prices could rebound heading into the weekend.
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.
Possible BTC movement - Bull trap We could possibly see BTC movement upwards of 5%* towards the green resistance. (BULL TRAP)
With a movement back down to 18k support level.
Remember to take profit along the way, and more importantly set your STOP LOSSES
Good luck!
btc tp1 still 21.5 channel eqlocal wave b appears to be completed. looking for the move back to $21.5. might push up for a swing wave b of wave 2. will likely cut shorts there and wait.
bulls have been clamoring, which is what you expect at wave 1 tops. should continue throughout wave 2.
still expecting full wave 2 completion around $19.2.
bearish bias undeterred.
BTC is struggling against a big dropEverything's on the chart. if you have questions please leave a comment.
please note that for high volume positions, you should wait for confirmations and then open your position. right now, it's still hard to manage the risk.
BTC 1D EMA 50-200Trade area 21.6
Strong support 21k - 20.5
Target 20.3 if price bellow EMA 50 (22.3)
EMA 200 is down move catalyst
Or..
Target 24.25 if price above EMA 50 (22.3)
HNS 24.25 if price got rejection
SELL BTC Entry: 24380 - 25620
Target 1: 23180 (done)
Target 2: 21960 (done)
Target 3: 20740
Target 4: 19520
Stoploss: 26060
#BTCUSD - Time to Liquify Some Bulls?Well, here we are, after a massive #BITCOIN pump over the last month or so, with a fresh Sell signal from Crypto Tipster v2.
There's a strong descending trend line acting as resistance right above current price, and a few levels of support on the flip-side.
If we can break below the support @ $21.5k it looks to us like the price is going down to at least $19k, maybe further.
Either way the path of maximum pain would be to liquidate some ultra-long bulls right now, giving us a nice 10 or 20% profit from this short!
What Do You Think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀
Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️
🔥🔥🔥
Crypto Tipster v2
theCrypster
🔥🔥🔥
Massive Crash Incoming On BTC -Watch This To Not Get TrappedBTC\1H Doing a pennant which is a sign of continuation
With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400.
Todays Events will totally spice things up even more than yesterday
Dxy rising to 105 and holding it is a sign of Market getting weaker
Please Boost,Follow,Comment if you find this informative
Details on the video
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week in consolidation, ahead of a key week of economic data from the United States.
Following a high of $22,497.00 on Sunday, BTC/USD slipped to an intraday low of $22,331.31 earlier in the session.
As a result of the move, the world’s largest cryptocurrency sank closer to a recent support point at the $22,300 zone.
Overall, the recent rise in bearish sentiment has caused bitcoin to fall by as much as 5% in the last seven-day period.
A downward crossover between the 10-day (red), and 25-day (blue) moving averages has also transpired, which could be a sign of further sell-offs to come.
One positive comes in the form of the 14-day relative strength index (RSI), which is currently tracking above a floor at the 42.00 mark.
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.
BTCUSDLooking for a rebound on BTC for the weeks ahead to create one last bullish drive to the upside to 24500 or 26300 which depends on the current BTC rebound as highlighted with arrows
Then creating an opportunity around the area for the big bearish run all the way to the origin of the current bull run or even creating a new low on BTC
BTC Long-Term Perspective
BTC ATH after 3kNo one going to believe it, but it is what it is. To go higher price have to take out buyers that have they orders below equal lows, this is how market operate. Liquidity is the main reason why we will see BTC at 3k.
Not a financial recommednation
BITCOIN possible scenarios ✅Bitcoin is down $3000 from recent highs, we have reached an area of interest to go long but it can also break down trend line to continue the sell rally, if we see a break of trend I will place a short to highlighted area.
BTC 1D SUPPORTBTC 1D support is now at ~$20800
Try to set some BUY orders near the support zone
If BTC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate.
The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at its “ability to continue (operating).”
BTC/USD slipped to an intraday low of $22,241.78 earlier in the day, less than 24 hours after trading at a high of $23,540.16.
As a result of the move, bitcoin has now fallen to its weakest position since Valentines day, on February 14.
However, instead of a pool of roses, Friday’s red wave has washed through the markets, leading to a huge shift in price strength.
At the time of writing, the relative strength index (RSI) is tracking at 42.91, which is its lowest point since January 1.
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 Bearish Scenario In Daily Timeframe i expect this as a bearish scenario.
Expecting Price to Reach new LOWER Price <$10,000
Bitcoin Yearly OutlookThe year 2023 is when the economy will experience the delayed response of Interest rate hikes.
There is no scenario where bitcoin decouples itself from the stock market. The correlation between bitcoin and s&p will always be between 0 to 1.
The macro environment reflects cash crunches signaled thru massive lay offs by all companies.
Bitcoin takes off after its halving event. Be patient, keep accumulating this year on every crash.
Remember bitcoin is not a "get rich quick scheme", give bitcoin time to compound in time and price both.
Keep it simple and real.
Long on BTC$ and also short BTCIf the price wants to continue down it should touch the PSY Low then it will get rejected and it will dump but then it could possibly pump above the PSY Low which isn't a bad thing for BTC$ but then time will tell if it is a fake move or it will retest the PSY High as a support.
BTCUSDT - TARGET HIT $7K+ ProfitCheck the initial trade idea below!
Closed the trade now - I have taken profit and will see how price reacts off the level of demand.
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $23232, if the support is broken then the next support is $23017 and $22752.
Now let's move to the resistance line, as you can see the first resistance is $23389, if you manage to break it, the next resistance will be $23505, $23601 and $23694.
Looking at the CHOP indicator, we see that there is a lot of energy for movement, the MACD maintains a local downtrend, while the RSI has a strong rebound, which creates room for new increases.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) turned lower in today's session as markets reacted to news that the US manufacturing sector remained in contraction territory.
In its monthly report, the ISM's Manufacturing Index came in at 47.7, and generally, any reading below 50.00 indicates a contraction.
As a result, BTC/USD slipped to a one-day low of $23,374.66, a day after trading at a high of $23,821.15.
The decline occurred as bitcoin bulls were unable to sustain a breakout above the $23,800 resistance.
Additionally, the 14-day Relative Strength Index (RSI) also declined after a failed breakout of the ceiling at 55.00.
Price strength is tracking at 51.32, which is close to the long-term floor at 50.00.
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/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded on Wednesday, which comes in the aftermath of the latest U.S. consumer confidence report.
Confidence fell to a reading of 102.9 in February, less than the 108.5 sum that markets had anticipated.
Following a low of $23,077.65 on Tuesday, BTC/USD surged to an intraday peak of $23,880.63 earlier in the day.
The move pushed bitcoin marginally past a long-term resistance level at $23,800, hitting a five-day high in the process.
Another slight breakout occurred on the 14-day relative strength index (RSI), which climbed beyond a ceiling at 54.00.
At the time of writing, the index is tracking at 55.02, with the next visible resistance zone at the 60.00 level.
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/USDT 1HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- If BTC stays above $23800 then we can consider BTC Bullish If BTC falls below $23800 then we should consider BTC one more time. $23100 we can see btc what do you think please comment
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
