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Btcshort

Unique Update Of Bitcoin Hello, 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) rallied to a one-month high on Tuesday, as markets began to price in a fall in consumer prices in the United States. Following a low of $16,966.59 to start the week, BTC/USD raced to an intraday peak of $17,457.30 earlier in today’s session. This move saw the world’s largest cryptocurrency fly to its strongest point since November 11, when the price was at a high of $17,645. As can be seen from the chart, today’s surge comes as the 14-day relative strength index (RSI) moved beyond a ceiling of its own. The index climbed above a resistance level of 52.00 earlier in the day, and as of writing is tracking at 55.00. Despite this afternoon’s report, we will likely see more volatility on Wednesday, as traders get ready for the upcoming U.S. Federal Reserve rate decision. 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
Unique Update Of BitcoinHello, 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) started the week in the red, as traders prepared for a big week of economic announcements from the United States. Inflation figures will be released on Tuesday, and are expected to fall to 7.3%, down from 7.7% the month prior. BTC/USD fell to an intraday low of $16,899.39 during Monday’s session, a day after hitting a high of $17,245.64. As seen from the chart, today’s decline saw bitcoin move lower for a fourth straight day, edging closer to a floor of $16,700 in the process. The 14-day relative strength index (RSI), which is currently tracking at 47.42, is also nearing a resistance of its own at 46.00. Depending on tomorrow’s inflation figure we could see BTC move below $16,700, potentially toward the $16,000 mark. 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
Bitcoin - Structural WeaknessIn this study I point out a few of the artifacts in the BTC chart that provide a view of the structural weakness in Bitcoin while hinting at a target end of the bear market. The major elements are: A broken uptrend today of the recent rising channel (pink) at the same time as the larger declining channel (black) intersects its support line, demonstrating its dominance, following a bearish inside bar that projects price weakness. A confluence of intersections occurring most interestingly at $12k between December 22 and 23, with 2x of the previously described declining channel (solid blue) with the 0.618 support line of the primary Bear Market declining channel (dotted blue), with the 1x projection of the primary C-wave projection (1x the A-wave) and a line of untested support from the end of August 2020. The RSI is testing its upward trendline and the MACD is rolling over. (Notably, on every occurrence when both of these have crossed bearish, the market has had a precipitous decline.) Meanwhile, my Elliott Wave count projects that we are in the final minor leg of the last intermediate downward impulse within the C-wave of the primary ABC correction defining the Bear Market. What do you think? Is it just Apophenia on my part, or does the confluence of all these factors demonstrate structural weakness and project that a final decline to the bear market low is imminent?
Short
by Crypto-Swing
1
BTC Forming right shoulder of H&S...headed down to $15,600?BTC keeps getting denied at the centerline of the main downward channel. When the upward channel that's been in play since November 21 intersected with the main downward channel there was a steep breakdown. Now I believe we will finish out the H&S as drawn until we reach the bottom of the upward channel on Thursday. Then there will likely be another dump down to support at $15,600 which is also the 0.128 line that has been major support and resistance in the main downward channel. I think this is really only the beginning of a massive dump until the end of the year. Mercury will be retrograde on December 28 and 6 out of 6 of the last times Mercury has gone retrograde, a major dump has taken place in the 2-3 weeks preceding the exact date of retrograde. We have entered this shadow period now so I think this is only the beginning of several weeks of bears in control. I think we'll see at least $12k before year's end.
Short
by cyberalchemy
1
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC update. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-. There is a symmetric triangle on the hourly chart and we will see a break in this pattern soon. If BTC breaks the triangle in an upward direction then we see a move toward the $20,000 level. If the price broke the triangle in a downward direction then we see a test of the major support area of $15,000-$15,500. 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
by CryptoSanders9563
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4Hr chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-BTC successfully bounced after taking some correction and hunting stops below the mid-range and this could be the completion of the corrective wave. Currently, bulls are showing momentum and a move above the previous high of $17,424 with a retest above it, would be the indication of the continuation of bullish impulsive waves. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
2
BTC 1H GOOD Pump RDY ?Yes, we were waiting for this pump. The Bitcoin pump will take the price of Bitcoin to 18166 thousand dollars, dear friends, so please pay attention to this point. If you want to go long, now is the best opportunity and do your shorts in the designated target. Good luck, my friend. You are Manouchehr Azar from Iran Today's tip in local time will be the meeting about the US inflation rate and unemployment, the result will be in favor of the financial markets and will pump Bitcoin.
Long
by ManochehrAzar
Why I opened BTC short when price rejected at 17.4K. Hi everyone, in this analysis I will explain why I opened short position when BTC was rejected at 17.4K level which was upper band of rising wedge/diagonal resistance and 4h 200 EMA. Before that I noticed ABCD pattern which started forming at 15.5K swing low in 22 November/ A point/ and finished at 17256 in 01 December/ D point/. BTC rejected at the mentioned zone with liquidity hunt above D point then strong rejection with bearish engulfing candle=RSI bearish divergence + momentum losing+ rising wedge pattern breakdown. My first target will be at 0.618 fib level /16.5K/ which is horizontal+ diagonal support at the same time. If price can't hold 16.5K C point will be my 2d target for ABCD pattern and 100% projection of CD wave. I don't expect BTC to go lower. If you pay attention to the volume bars, there is no buying pressure. Let's see how BTC reacts at 16.5K support level. Don't forget to put always stop losses. If you like my ideas and analyses, don't forget to follow me please. I will appreciate any single follow. Thanks in advance. Don't forget to check my other analyses bellow related ideas.
BITSTAMP:BTCUSDShort
by ergal91
3
This setup is a Buy Opportunity for BitcoinHello, Dear valued traders & investors, this is my own setup and view regarding the next Bitcoin move in the coming months that i will follow. I am short description analyst & trader, so ill not write much about it because the chart tells itself. I am preparing to buy SPOT and go Long aswell on Futures as soon as it reach my potential bottom target of this move. PS: Chart is on weekly timeframe , and you have to understand that this will take months. Please manage with your trades, invest only if you know what you are doing as i am a Swing & Long Term trader! If you like the idea, please hit the Like botton.
INDEX:BTCUSDLong
by kriptokapo
2
BTCThis is my primary count heading into 2023. Seems like unless we straight nuke to $9,200 then I'd expect this move to play out. Much more painful on both sides. Finish around the 618% of the covid 2020 crash $11,500 but never reach $10K as many are waiting. Then B wave up to $34k getting everyone tweeting WGMI and then B wave gets finished and Rug back to finally hit $10K making everyone think Crypto is dead again. Finally completing this correction & the HTF Wave C and this bear Market. After that 2024 1/2ing and run it back turbo $200K.
COINBASE:BTCUSDLong
by Big_Mike716
2
Unique Update Of BitcoinHello, 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) was consolidating in today’s session, as prices retreated from Monday’s three-week high. Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday low of $16,922.43 earlier in the day. This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price. Looking at the chart, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own. As of writing, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00. Should a breakout occur, it is likely that BTC will move back toward the $17,400 point in the upcoming days. CHART ANALYSIS:-Bitcoin ( BTC ) surged to a three-week high on Monday, as prices climbed for a second session. Following a low of $16,940.90 on Sunday, BTC /USD moved to an intraday peak of $17,378.15 earlier in today’s session. This high is the most vital point that bitcoin had hit since November 11, when the price was at a high of $17,645. Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart. In addition to this, the 14-day relative strength index ( RSI ) has also moved higher, and as of writing is tracking at 50. 40, above its ceiling of 50.00. Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700. CHART ANALYSIS:-Bitcoin ( BTC ) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report. Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected. This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting. BTC /USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04. The 14-day relative strength index ( RSI ) has also slipped, now tracking at 52.16, which is close to a floor of 52.00. Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum. 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
4