Based on the provided market data for Bitcoin (BTC) against Tether (USDT), the current price of BTC is $42,635. On a 4-hour timeframe, the Relative Strength Index (RSI) is at 41.78, which indicates that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -159.0, suggesting a bearish signal. The Bollinger Bands...
h1 Chart: We see how now price is in the range between PDL and PDH. I expect downward movement with the purpose of withdrawal of this PDL liquidity and exit upwards, where I plan to gain my local long positions with the purpose of PDH. Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your...
Hello Guys As u See on the BTC chart we had many beautiful patterns which were very accuracy by its targets up & down . last Pattern which its number is 4 had done its target exactly at 17500$ as u see (yellow rectangles). Now we are in Pattern Number 5 (Red Rectangles) which its Target after rocking 28800 are 39500- 41850 $ . Note : we should break the 28800...
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- The daily chart reveals a general uptrend, moving from a low of 15,479 to a high of 44,729. This progression, marked by a strong recovery post a significant drop, underpins a bullish sentiment. The recent pullback from the peak suggests a consolidation phase and the stable volume...
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- The 4-hour chart offers a much clearer picture of toilet price action. Price has formed a falling pattern yet to break it on either side. Meanwhile, the support level of 40K is towards the higher trend line of the price per trend. A classic retracement is contemplated to break the...
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- the 4-hour time frame shows that after a significant impulsive surge beyond the 40K level, Bitcoin achieved its yearly high at 44.7K, indicating bullish market sentiment among the participants. It reflects. However, the failure to establish higher resulted in a double-top...
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Analyzing Bitcoin’s (BTC) oscillators provides an essential snapshot of its current market stance. The relative strength index (RSI) at 56, Stochastic at 54, and commodity channel index (CCI) at 18 align in a neutral zone. This neutrality signals a balanced market sentiment, with...
After the interest rate and consumer price index were able to remain unchanged, there is a possibility of growth again after the market correction and the failure of the market collapse theory to the point of $36,000.
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10% today before rebounding from the 40K support level. In case this level holds, it could initiate a...
For the last few months, many have been debating if BTC is still in a bear or bull market, with most calling for new lows in the near future. As we look at the BTC weekly chart we see several clear levels of support and resistance that price has been respecting for some time now. I will be the first to admit, the price action has been slow and not very clear in...
Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in! How do we trade this? 🤔 Recent Data Since the trend reversal in January 2023 we've had three pushes to...
How high could this COINBASE:BTCUSD pump go? FWB:48K is a solid level to exit. There was a local low at FWB:48K in March of 2022. The Fib retracement level .618 between the ATH of SWB:69K and cycle low of $16k is at FWB:48K Many traders are talking about exiting at this level, which will bring selling pressure I can understand HODLing through...
Bitcoin is about to complete an accumulation pattern on the 1-day timeframe, with 2 days left until the monthly candlestick closes. Also, this analysis was done after the closing of the weekly candle above the price of $34,500, which shows that Bitcoin has shown a good growth in the last month, which can be a sign of preparation for growth at the beginning of...
As you can see, the first wave is home to the bull whales. (Huge volume) Technical Section (Wave 5, Lesser Degree): As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself. We'll see. Extended Wave 5 = either 61.8% x length (beginning of Wave 1 to top of Wave 3) or = 100% length of (beginning of Wave 1...
I haven't charted BTC since back in October, when I thought BTC could fall to $15.8k . Turns out it hit that level and bounced. I ended up buying that level and sold it at $17k for a quick profit because I was unclear of the direction going forward and I thought there was risk for BTC to fall to $12k, but it has since bounced higher. Now the trend and the...
The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction. Our indicator ( w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal. Caution is...
Fuelled by its imminent ETF approval, Bitcoin broke past resistance at $28,000 and has seemingly begun a new bull market. For those of you who got in on this move, myself included, I have identified what I think will be a temporary top and a good place to take profit within the next 1-2 months. On the 1W timeframe we can see the cloud edge to edge trade is in...
Btc will go to 48000$ in coming few days, reason behind that is break of resistance and it is following uptrend we can look for short position from the level of 48000-48500$