local wave b appears to be completed. looking for the move back to $21.5. might push up for a swing wave b of wave 2. will likely cut shorts there and wait.
bulls have been clamoring, which is what you expect at wave 1 tops. should continue throughout wave 2.
still expecting full wave 2 completion around $19.2.
bearish bias undeterred.
Everything's on the chart. if you have questions please leave a comment.
please note that for high volume positions, you should wait for confirmations and then open your position. right now, it's still hard to manage the risk.
Well, here we are, after a massive #BITCOIN pump over the last month or so, with a fresh Sell signal from Crypto Tipster v2.
There's a strong descending trend line acting as resistance right above current price, and a few levels of support on the flip-side.
If we can break below the support @ $21.5k it looks to us like the price is going down to at least $19k,...
BTC\1H Doing a pennant which is a sign of continuation
With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400.
Todays Events will totally spice things up even more than yesterday
Dxy...
Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week in consolidation, ahead of a key week of economic data from the United States.
Following a high of $22,497.00 on Sunday, BTC/USD slipped to an intraday low of $22,331.31 earlier in the session.
As a result of the move, the world’s largest...
Looking for a rebound on BTC for the weeks ahead to create one last bullish drive to the upside to 24500 or 26300 which depends on the current BTC rebound as highlighted with arrows
Then creating an opportunity around the area for the big bearish run all the way to the origin of the current bull run or even creating a new low on BTC
BTC Long-Term Perspective
No one going to believe it, but it is what it is. To go higher price have to take out buyers that have they orders below equal lows, this is how market operate. Liquidity is the main reason why we will see BTC at 3k.
Not a financial recommednation
Bitcoin is down $3000 from recent highs, we have reached an area of interest to go long but it can also break down trend line to continue the sell rally, if we see a break of trend I will place a short to highlighted area.
BTC 1D support is now at ~$20800
Try to set some BUY orders near the support zone
If BTC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate.
The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at its “ability to continue...
The year 2023 is when the economy will experience the delayed response of Interest rate hikes.
There is no scenario where bitcoin decouples itself from the stock market. The correlation between bitcoin and s&p will always be between 0 to 1.
The macro environment reflects cash crunches signaled thru massive lay offs by all companies.
Bitcoin takes off after...
If the price wants to continue down it should touch the PSY Low then it will get rejected and it will dump but then it could possibly pump above the PSY Low which isn't a bad thing for BTC$ but then time will tell if it is a fake move or it will retest the PSY High as a support.
Hello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $23232, if the support is broken then the next support is $23017 and $22752.
Now let's move to the resistance line, as you can...
Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) turned lower in today's session as markets reacted to news that the US manufacturing sector remained in contraction territory.
In its monthly report, the ISM's Manufacturing Index came in at 47.7, and generally, any reading below 50.00 indicates a contraction.
As a...
Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded on Wednesday, which comes in the aftermath of the latest U.S. consumer confidence report.
Confidence fell to a reading of 102.9 in February, less than the 108.5 sum that markets had anticipated.
Following a low of $23,077.65 on Tuesday, BTC/USD surged to an...
