BITCOIN 1DAY CHART UPDATRE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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moving average analysis
Moving Average Crossover:
20-day moving average (20MA) and 50-day moving average (50MA) crossover: A bullish signal is given when the 20MA crosses above the 50MA. This crossover indicates upward momentum, indicating the possibility of further increases in the price of BTC.
chart pattern analysis
Recent Breakouts:
Pattern Formation: Upon observing the charts, the recent price movement shows a pattern similar to previous breakouts. Historically, when BTC forms such a pattern, it signals the beginning of a significant rally. The current pattern visible at the top of the chart suggests another possible upside breakout.
historical comparison
Previous Rally: The last time BTC displayed a similar crossover and pattern, which was followed by a notable rally. Given this historical precedent, we can expect a similar increase this time too.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
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Btcshort
Chart Idea - Swing Short on BTCI was bullish on BTC until last Friday before the WAR news broke. It was beautifully making a bullish penant which 70% breaks towards the upside. However, it didn't happen this time and it broke towards downside and confirmed.
Since we now got the confirmation of breaking downwards, I am seeing further downside now. Currently trying to bounce from 0.382 fib level ($60K). There is no volume though and structure is really bearish. I believe it should bounce from 0.618 ( GETTEX:52K ) level. IMO, we will be seeing the following levels in next few days/week:
Support Levels:
1- Daily EMA 100 - $58673
2- 0.5 fib level - $56188
3- 0.618 fib level - $52000
4- Daily EMA 200 - $50182 (Worst case scenario IMO)
We should bounce really hard if we hit 3rd or 4th level of supports.
#BITCOIN 1DAY UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
On the daily timeframe, the price has remained confined within a significant descending channel pattern for the past two months, with no clear breakout in either direction. However, following a recent false breakout from the lower boundary, the market appears to be regaining momentum for a potential recovery and continuation upwards.
The Relative Strength Index (RSI) has been steadily increasing and is now approaching the 50% threshold, indicating a shift towards bullish momentum. The midline of the descending channel now emerges as a critical resistance level, impeding the market from resuming its rally.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
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The first TP will be around 58,987, and the second TP is 64250.An interesting development is unfolding on the fifteen-minute timeframe in Bitcoin, indicating readiness for selling and shorting.
Due to two candles forming around the $60,000 mark within a fifteen-and-a-half-hour timeframe, along with the formation of a head and shoulders pattern, if the price can break the trend line in the lower timeframe, we can expect the confirmation of the forming head and shoulders pattern and a slight price drop slightly below the Fibonacci 1.618 level at $58,987.
However, the intriguing aspect is that since $58,987 is the last candle in the lower timeframe, and there's a candle at $64,250 in the half-hour and one-hour timeframe, there's a high probability that after reaching $58,987, the price drop will quickly reverse and move upwards, hitting the second TP at $64,250, before experiencing another price drop below $58,987.
BITCOIN 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
It looks like BTC is ready to accelerate higher, possibly approaching $65200. Today offers excellent trading opportunities, especially for long positions. Stay tuned for more updates as the situation unfolds. Thank you for your attention, and we will keep you updated on any developments.
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BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
In the latest analysis of BTC, it's signaling a triangle breakout in the four-hour timeframe. This breakthrough has the potential to propel BTC to approximately $65500. Should BTC rebound from this level, a significant rally could unfold throughout the day. Stay tuned for more updates as the situation develops.
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BITCOIN 4HOUR CHART UPODATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
BTC/USDT analysis, BTC is facing resistance from the Ichimoku Cloud, which is currently retesting above the parallel channel. MA 50 indicates a bullish trend. A successful breakout of the Ichimoku cloud validates bullish sentiment, while a drop below MA 50 signals a potential market correction. Monitoring key indicators is important to navigate the trajectory of BTC.
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BTCUSD Analysis (12th May 2024)
Crypto Analysis (12th May 2024)
BTCUSD Analysis
On the 4 hour timeframe, price has swept the liquidity at 64724.63 level and proceeded to create a CHOCH to the downside. The market followed through by creating another BOS after rejecting a 4 hour OB.
There are 2 scenarios i am looking at right now.
1) Price retraces into the FVG and creates a 15 minute CHOCH to continue the sells towards the 57000 Level. Its important to ensure the CHOCH that happens with a body candle close, for extra confirmation.
2) IF price breaks past the FVG and takes out the lower high created, we would have a bullish CHOCH. and i will be expecting a break and retest of the CHOCH level at 63511 level before looking for buys.
TP is 59261 @M15 & M30"Given the sudden rise in the price of Bitcoin, which led to touching the previous peak at 62785 with GAP method, and considering the William percentage placed at its ceiling, indicating readiness for a price decline, along with the downward trend in daily movement, it is likely that the next target for price decline, according to the method of GAP, is 59261(TP)."
BTC | Short H4 | Market Exec |Crypto Toppish For NowTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is close to a Resistance Trendline
- Price action is close to a 200 EMA (still bearish for now)
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement
Fundamental Confluences for Trade:
- Nothing new in the Crypto space to start any new hype to enter the market
- Crypto ETF craze has passed; wait for the next one maybe for ETH
Suggested Trade:
Entry @ Area of Interest 62,700 - 65,300
SL @ 68,042
TP 1 @ 59,200 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 53,685
Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level)
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BTC/USDT 4-HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Bitcoin has recently crossed the 21 level, then returned above it, now hovering around the upper boundary of the parallel channel (yellow line on the chart). It's maintaining this level presently. BTC may decline around $64000, but if it surpasses this and rebounds from the channel, a significant rally is possible, impacting altcoins positively. Failure to break the channel could lead to another downturn. Thanks for the comprehensive update!
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I can be bearish or bullish but right now, i am bearish I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
BTCUSD Analysis (4th May 2024)
Crypto Analysis (4th May 2024)
BTCUSD Analysis
On the 4 hour timeframe, price action has swept the buyside liquidity and created a bearish BOS. There are 2 scenarios i am looking at currently.
1) Price rejects of the 4 hour OB and creates a 15 minute bearish Change of Character. Once it has done that, i will look for another 15 minute bearish BOS to confirm that the bearish orderflow on the 15 minute is aligned to the 4 hour bearishness.
2) Price continues bullish and breaks past the 4 hour OB. If that is the scenario, i want to see a body candle close above the OB, before looking for a break and retest on the 1 hour timeframe to potentially continue higher. Further confirmations like a 5 minute bullish CHOCH after the retest of the OB will give me more confidence to look for BUYS.
!BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Today's BTC update will be concise. Observing the 4-hour chart, it appears that BTC's 21-day moving average has been breached. Consequently, BTC might experience a surge today, potentially influencing its associated legacy markets.
However, failure to breach the 21-day moving average on the 4-hour closing could lead to a notable decline in BTC, which may also impact ALTcoins negatively.
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BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
#BTC/USDT Update: Bitcoin sees massive selloff
I have been keeping you updated on the recent movements of BTC and the result is clear.
Over the past few days, we have seen a massive dumping of Bitcoin, resulting in a significant drop in its price.
Despite ongoing efforts to monitor and analyze the market, selling pressure has intensified, causing a significant decline in the value of BTC.
It is important to remain cautious in such times of volatility and uncertainty. Although the current situation may seem challenging, it also presents opportunities for those who are prepared to operate effectively in the market.
As always, I will continue to provide updates and insights to help you stay informed and make informed decisions in your trading journey.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
The daily chart shows Bitcoin consolidating between $60K to $72K. Recent price action dipped towards the lower end of this range.
Bitcoin is now at a crucial support zone between $69,181 and $59,575, aligned with the EMA100-day moving average at $59.800K.
This support area could prompt a bullish reversal. However, a sudden breach below could trigger a long squeeze and a significant downward move.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC/USDT 1DAY CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BTC continues to oscillate within the $60K to $70K range, unable to decisively breach either level. The Relative Strength Index (RSI) has also stabilized around the 50% mark, indicating a balance in momentum.
Currently, BTC appears to be retracing towards the $60K support zone. Should this level fail to hold, a significant breakdown could occur, potentially leading to a substantial decline towards the 52K region.
Conversely, if the market manages to surpass the $70K threshold, it would likely pave the way for a new all-time high. As such, traders are closely monitoring these key levels for potential breakout or breakdown scenarios.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC/USDT 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
BTC is presently exhibiting a symmetrical triangle pattern, with resistance from the Ichimoku cloud and the 100-day moving average. Moreover, the MACD crossover suggests a potential shift toward bullish momentum. Thus, it is prudent to exercise patience and await a clear breakout or breakdown of the triangle for confirmation of the upcoming direction.
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BTC Analysis (27th April 2024)
Crypto Analysis (27th April 2024)
BTCUSD Analysis
On the 4 hour timeframe, price action has swept the buyside liquidity and created a bearish Change of Character, leaving behind a large 4 hour bearish FVG.
Price retraced into the fvg, respected it and continued to create a 4 hour Bearish BOS.
Dropping to the 1 hour timeframe, price has created a 1 hour Bearish unmitigated orderblock we can look to take sells from if bearish confirmations shows after testing the OB.
Else, if price decides to break past the bearish OB, we can capitalise on a break and retest to continue higher.
BITCOIN 4 HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
#BTC/USDT There is no difference in the updates of BTC, for this, I have been continuously updating you guys for a few days and the result is in front of you.
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