BTC at the edge of SURPRISEthere's simultaneously two different situations in way:
1- a strong resistance (red line) that might lead to a big drop
2- a very unstable area with no previous trading volume that might lead to a spike
it's too risky to open short positions with no stop loss or with high margin
Btcshort
BULLRUN WITH BTC?Hello!
Bullshort is here!
After a strong rally, sellers put strong pressure on the 22-23k level and held the price. Buyers failed to pass asks limits and the price went into lateral consolidation. The zones are all shown, I think there is no need to explain their meaning.
It is important to note that the open interest of short positions is very low, which may be a reason for a correction to 21-19.5k.
Market capitalization is kept at the level of +-1 trillion. and the market is waiting for something. I am waiting for a correction from the level of 24500-25000, this would be a healthy price adjustment. I do not rule out a fall from the current zones, because. pressure is observed on the 1h graph.
It is also important to note that during the growth, a lot of btc was poured into altcoins…
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BITCOIN DOMINANCE UPDATE BY CRYPTO.SANDERS !!Hello, welcome to this BITCOIN dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC DOMINANCE A small update on BTC dominance that is pumping up BTC. usdt.d similarly dumping btc dominance which is forcing btc peers to dump older coins btc has created support by breaking the local resistance zone next target of btc dominance may go from 47% to 49% this strong resistance level btc is from here dominance job will be rejected in bottom trade so btc altcoin is going to give very good rally so we will do some update by entering btc pair coin and spot it. thanks for reading my update
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BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K.
The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market.
In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level.
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BTCUSDT Pumped - Time to look for reversal patternsAs the euphoria of a potential bull run coming in, we must continue to look out for any potential reversal patterns and play both sides of the coin - either Long or Short.
With the recent pump from the lower trendline, we can see that an ascending wedge has formed with the Higher Highs (HH) and Higher Lows (HL) plotted on the chart. Both resistance and support trendlines are well respected.
We are now currently touching the upper trendline and we expect through the weekend some volatility before touching the bottom trendline again.
Breakout of the ascending wedge towards the bottom will definitely spark fear to the market and we will likely head to a newer low. A catalyst will be needed for this which is expected in the coming days/week.
Note: This isnt a trade setup but more of a pattern sharing.
BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) consolidated for a third straight day, as traders continued to secure gains from Saturday when prices rose to a five-month high.
Despite consolidating, BTC/USD remained above $23,000 for most of today’s session, hitting a high of $23,134.01 in the process.
This comes less than 24 hours after it was trading at a low of $22,654.30, which is near short-term support at $22,500.
Looking at the chart, BTC is currently trading at $22,913.54, and this comes as the 14-day relative strength index (RSI) neared a ceiling of 86.00.
At the time of writing, the index is tracking at a level of 85.09, with a floor of 80.00 another possible destination for traders.
The 10-day (red) moving average has also begun to show signs of peaking, which could lead to a sudden shift in momentum.
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BITCOIN WEEKLY UPDATE !!Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
The current short-term resistance is near the $23,500 level. A retest above the descending trendline or making a higher low could also be a possible scenario.
A solid breakout above $23,500 or a successful retest of the descending trendline will confirm the continuation of the market's bullish momentum.
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Will BTC repeat this identical pattern as it did in 2015? Hi dear community and my loyal followers.
Let me bring your attention to this important historical data.
As you know I told many times that 2021-2022 bear market look like more likely to 2015 than 2019 taking into account many factors)).
That's why in this analysis I'm comparing 2021-2022 bear cycle with 2015.
Look at price action bellow 5D gaussian channel, do you see the identical move of the price from 1-7 steps?
In 2015 when price approached to mid point of Gaussian channel and range high(#6) it dumped making 2d bottom(#7) , So I expect the same move to be happen now. Price is approaching to mid point of Gaussian channel(#6) and more likely will retrace to 19K+- making double or even triple bottom counting 17.5, 15.5 and potential 19K+- lows. (#7). BTW when price reaches 24.5-25K it will be weekly 50 and 200 EMA also multi-months diagonal resistance. /I will post it a little bit later on regular chart.
I also expect such kind of move coz a lot of moon-boys turned bullish and opened long positions at 22.5K and expect 28K+ prices. ))
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high.
Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today.
Today’s rally saw bitcoin jump to its highest level since August 24, when the price at the time was trading at a top of $23,600.
As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back toward a ceiling of 90.00.
Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits.
As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low.
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BTC until next uptrendeverything is on the chart,
note that this is just an early speculation and is just for depicting what might be the behaviour of market in the next consolidation.
so it might not happen exactly the same, and prices can not be used as exact buy/sell points.
leave any comment to discuss further
take a look at previous idea on MATIC
BTC/USDT 4HOUR 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:-Bitcoin is again testing the resistance area. The bulls keep pushing the price. There is a small uptrend line that works as support. The overall market is looking good. Trade with stop loss.
This is not a piece of financial advice.
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