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Btcshort

BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start the week, as markets remained mostly unchanged following the Christmas weekend. Trading volume typically slows down during the holiday period, with most financial markets shutting down. Cryptocurrency markets however remained open, with BTC/USD moving closer to recapturing the $17,000 level. As can be seen from the chart, Bitcoin hit a high of $16,908.86 earlier in today’s session, which is marginally above Sunday’s low of $16,755.25. The move comes as the 14-day relative strength index (RSI) moved closer to a key ceiling at 49.00. Currently, the index is tracking at the 47.55 mark, with bulls likely to continue to push toward the aforementioned resistance level. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC Tradeplan updateHi @Everyone, Update on previous trade plan : - Our low risk long setup played out wel and hit the take profit level. - As u can see we hit our short area zone, and we just got confirmed bearish divergence on the 1,2,3 hr TF ( atleast ) So far the scenario is following the steps where we waiting for, 1 Long setup should hit short area 2 Short area got hit 3 Bearish div confirmed. Right now its expected BTC should reverse atleast towards the first box on the chart, Regards, Team Quantistic
by Quantistic
4
#BTCUSDT - Thoughts out loud plus technical side. #BTCUSDT #BTC #USDT. Good afternoon! The idea of the possible development of the situation on Bitcoin and the direction of the cryptocurrency market in general. For this period of time, the price continues to decline and there are no purchases by professional market participants on the chart. If the buyers do not keep the price in the range of 15555 - 17777, we can expect further price decline, prospective prices The chart shows possible scenarios:1.2. A.B.C. - Price levels from which we can see the resumption of acquisitions. Against the background of the technical picture, the news background begins to slowly fill the information that one of the largest mining companies in the United States, Core Scientific, has filed for bankruptcy after the fall in cryptocurrency prices and rising energy prices. Core Scientific mines reliable cryptocurrencies such as bitcoin. The process involves connecting data centers across the country equipped with highly specialized computers that process mathematical equations to verify transactions and simultaneously create new tokens. This process requires the use of expensive equipment, some technical know-how and a lot of electricity. Core's market capitalization fell to $78 million as of the end of trading on Tuesday, down from a valuation of $4.3 billion in July 2021. Over the past year, the stock has fallen by more than 98%. According to a source familiar with the situation in the company, the company is still generating positive cash flow, but this money is not enough to repay the financial debt for the equipment it leased. The person added that the company will not be liquidated but will continue to operate as usual, reaching an agreement with senior securities holders who hold the bulk of the company's debt. The company said in October that holders of its common stock could experience a "total loss of their investment" but that this may not happen if the industry recovers. The company also said it would not pay debts in late October and early November and said creditors could sue the company for non-payment. At Core, which primarily mints bitcoins, the token price has fallen from an all-time high of over $69,000 in November 2021 to around $16,800. This loss of value, coupled with increased competition among miners and rising energy prices, has resulted in shrinking profits. This is the first time in the history of the crypto industry that more than 25% of the total amount of bitcoins mined in 2022 falls on this company.
by WVitalievich
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTCThe current lack of activity and low volatility is more evident on the following 4-hour timeframe chart. After going through a long-lasting downtrend, the price has rebounded from the $16K mark and is consolidating below the $17K threshold. However, the main struggle for Bitcoin is now surpassing this confluence zone. Suppose the price returns above the mentioned level, a retracement to the 0.618 Fib level and the broken trendline will be the main barriers toward the $18K range. Bitcoin is taking support at the minor uptrend line. There is no movement in the market and BTC is trading at the resistance. Let’s see if BTC is able to break this resistance zone. We may see a big move on either side soon. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BTC down move over?tried to make this as non complicated as possible so if you look at circles it should help. it's highly possible to go to the 1.618 (green circle) then bounce all the way to the blue line or .5 (green circle) before resuming down move to complete move to the white line 2 fib.(green circle). For longer term at beginning of chart you can see it already hit the 1.618 (yellow circle) and retraced to the .786 (yellow circle) putting white line at very bottom in play around 26k intersecting with short term 2 fib (green circle). There is one larger sequence at play but this is significant enough for now. This is the secret precise S&R lines for all liquid or illiquid trading assets cause it is a pattern based on fibs the only problem is it is fractal in a true sense not how most use the term. meaning in a daily candle you might have the pattern fully sequence 5 times on a 15 min chart and 2 times on an hour chart and once on a 4 hr chart and this is new to me so having some trouble finding what pattern it's moving on or what time frame it's honoring. Also, just cause it's a pattern it doesn't give you incite on the trend so you still have to figure if it's bullish or bearish. if anything, the pattern has taught me it's in a constant state of if..then thus always bullish and bearish at same time but of course you find what trend is with highs and lows. i'm hedging with gold. i'll post that idea as well.
Short
by Gamma-Rat
2
Bitcoin (BTC) Bottom just one step awayWhen comparing the Bitcoin 2018 bear market to the 2022 market after June, the 2022 monthly candle is identical to the 2018 market status such as July, August, September, October, and now December. I’m a data analyst, and I know that if you ask the right question about the right data, you can gain some interesting insight that can help you make a decision to take the next step, so I analyze the previous market data for bitcoin to compare with the current market situation, so let’s get started. Discuss the Bitcoin monthly chart from 2018 and 2022 in brief 1- Bitcoin monthly chart from (July to December) 2018 First, we focus on the monthly candle from July to December, in which we take some facts, such as: in July, when BTC moves up to 46% at a high of $8,496, the $8,496 level makes a resistance level, and the $5,774 June low makes a support level; the next three months’ candles move in this support and resistance area, as shown in the chart below. The red line in the charts below shows the June low level, which is the new 2018 bear market low. The next month, if we count wick to wick, the July monthly candle moves positively by more than 46%, with a low of $6,076 and a high of $8,496. August, September, and October In this three-month market, the Monthly Candle moves in the June support and July resistance areas with choppy very tied-closed movement, then begins the November market with the same tied-closed movement, but on November 14, when the market breaks the June support and makes another new low of the 2018 bear market. November’s monthly candle closed at 37% downside, which is a huge red candle after September 2011. BTC makes another new low in December 2018 at $3,122, which is the candle-wick support from June 2017. If we measure the July-December market downside percentage, which is 63% down from July-December. Summarize 2018 July to December Bitcoin Chart In July 2018, the BTC price was up more than 20% after the June low. BTC moves in a tied range, which is June low and July high. From August to October, the BTC monthly candle closed in the red. From July to December BTC was down more than 62% from the top of July 2018. November, when BTC breaks the June support and makes a new all-time high. The monthly candle in December marked the bottom of the BTC bear market in 2018. December’s monthly candle breaks November’s new low, and December’s wick bounces from the June 2017 support. 2- Bitcoin monthly chart from (July to December) 2022 Following the collapse of Luna in May 2022, bitcoin makes a new all-time low in June at the price of $17,592, and July was a good month for BTC price to gain more than 17% after the previous three months of decline. From August to October, BTC was in a closed-range bond, which ranged from $25,000 to $18,000. June low is working as a support, and July high is working as a resistance. On November 9, 2022, following the FTX saga, BTC broke the June support and set a new low of $15,479, so now everyone is panicking because BTC broke critical support and crypto is in trouble. The Twitter Crypto family claimed Bitcoin would fall to $10,000, implying extreme fear in the market. Before we get to the bottom of bitcoin, let’s take a look at the 2022 market summary and BTC 2017 ATH and 2021 ATH comparison. Summarize 2022 July to December Bitcoin Chart On July 2022, the BTC price was up more than 17% after the June low. BTC moves in a tied range, which is June low and July high. From August to September, the BTC monthly candle closed in the red. From July to December BTC was down more than 38% from the top of August wick 2022. November, when BTC breaks the June support and makes a new all-time high. Bitcoin 2017 ATH and 2021 ATH If we compare the 2017 ATH to the 2018 bottom, BTC declined by more than 83%. In 2022, the bottom is not confirmed, but we see that from 2021 ATH to 2022 November, BTC declined by more than 77%. At the time of this writing, the December monthly candle is not closed, so where is the BTC bottom? So, where is the 2022 bear market bottom? In our detailed discussion of the BTC 2018 and 2022 bear markets, we got some insight that bitcoin’s bottom is just one step away. In 2018 BTC breaks crucial support in November and make a new low level then December was the bitcoin bottom which makes support from the June 2017 candle wick. Now BTC is the same as the 2018 bear cycle, and I believe Bitcoin’s bottom is near in December, which is $14,000, because June 2019 gives support to this $14,000 level. If you’re bearish in this market, it means you don’t know the market cycle when BTC is on top in November 2021, so that’s a time to be bearish, not at this time. Glassnode Insight about 2018 and 2022 Bear Market Gassnode compares the current cycle to all of the major bear markets in the past. He does this by measuring from the realized capital peak to the trough to get a sense of the relative outflows of capital: 2010-11 saw a net capital outflow equivalent to 24% of the peak. 2014-15 experienced the lowest, yet non-trivial capital outflow of 14%. 2017-18 recorded a 16.5% decline in Realized Cap, the closest to the current cycle of 17.0%. Conclusion I’m neither bullish nor bearish at this time because I believe bitcoin’s bottom is at $14,000, and I believe the market is not recovering quickly from December to April, which is getting boring because I believe bitcoin will move in a tied-bound range in the coming month compared to the 2018 bear cycle. If everyone is waiting for BTC at a $10,000 price, they never buy it when BTC is down at a $10,000 price; they think BTC is down again and they pick the $5,000 price… LOL
BITSTAMP:BTCUSD
by humairqureshi
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures. Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices rising to a peak of $16,880.87 in today’s session. The surge in price pushed BTC above a key resistance point of $16,800, as bulls once again attempted to recapture the $17,000 mark. As can be seen from the chart, recent price uncertainty comes as the 14-day relative strength index (RSI) remains close to a floor of 45.00. Sentiment also seems uncertain following a recent crossover between the red 10-day moving average, and its 25-day (blue) counterpart. If this downward trend continues, we could see BTC trading near $16,000 during the Christmas weekend. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC bounced back after clearing the short-term downside liquidity. It is also forming an inverse head and should pattern on smaller time frames. Currently, it is facing MA21 resistance, and a breakout of it will confirm a move toward the horizontal resistance. For mid-term bullish confirmation, bulls need to clear Ichimoku clouds, which would ensure a trend reversal in the market. Bitcoin is unable to break the resistance area. This seems to be a rejection and the price is again testing the resistance area. Altcoins are showing some positive movement and we may see more upward trend if BTC remains stable in the range. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin ( BTC )continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States. This afternoon’s figures are expected to show growth of 2.9% in the quarter, as inflation in the U.S. began to slow down. BTC/USD hit a high of $16,895.71 ahead of the data release, which is marginally higher than Wednesday’s bottom at $16,755.91. Looking at the chart, today’s consolidation comes as the 14-day relative strength index (RSI) continued to hover near a support point at 46.00. As of writing, the index is tracking at the 46.49 level and could be set to break out of this point at any moment. Should this occur, bearish sentiment will likely return to the market, with prices heading toward $16,500. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
1
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report. Following a low of $16,763.66 on Tuesday, BTC/USD raced to an intraday high of $17,012.98 earlier in today’s session. Today’s surge comes as prices once again rose above a key resistance level at the $16,800 level. Looking at the chart, BTC has moved away from earlier highs, with the coin currently trading at the $16,868.40 mark. This comes despite the 14-day relative strength index (RSI) failing to break out of a recent ceiling at 49.00. As of writing, the index is tracking at the 47.03 level and seems to be heading for a floor at 46.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision. BTC/USD surged to a peak of $16,837.65 earlier in today’s session, less than 24 hours after hitting a low of $16,398.14. Today’s move saw the token climb above a key resistance level of $16,700, with prices rising to a four-day high in the process. Looking at the chart, the surge took place as the 14-day relative strength index (RSI) broke out of a ceiling at the 46.00 level. As of writing, the index is currently tracking at the 46.61 mark, which is its strongest point since last Thursday. Should the index continue this upward trend, we will likely see BTC move above the $17,000 level in the coming days. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
#BTC/USDT 6Hr UPDATE BY CRYPTO SANDERS Hello, welcome to this BTC /USDT 6Hr chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC bounced back with a decent stable volume after clearing stops below the order block. Now it is facing mid-range resistance. A reclaim over the mid-range with a retest above it would confirm a decent bullish rally in the market. If it rejects from here, a downward move is expected toward the horizontal support of $16K, and from where we could expect an upward direction in the market. Bitcoin is again testing the resistance area. Let’s wait to see if BTC is able to break the resistance area. There is no clear direction and we may see more sideways movement. The market needs big positive news to break the resistance levels. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2