Hey Traders, Ive taken the chance and shorted BTC as its close to facing the resistance zone. Its possible that BTC bullish impulse was to make a higher low from the previous top. Stop loss - $65,200 Take profit - Around $25,000 to $27,000 Feel free to give me your opinion
Based on the previous analysis method that was done on May 22, 2022 and referred to in this analysis. Bitcoin has already gone through two 26-week uptrends and a half-16-week uptrend. In the analysis based on my method, the bullish period of Bitcoin will end in the next 4 days and the bearish period of 10 to 26 weeks is ahead. The end point of this downward...
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 1-day update. A deep dive into the daily chart underscores Bitcoin’s sustained bullish trend, showcasing the prevailing dominance of buyers. Recent price movements reflect robust confidence among...
Regarding technical analysis, sometimes it's necessary to swim against the tide. In my personal perspective, I see Bitcoin should retreat downwards, at least in the very short term. In the long term, it might experience two downward waves, as depicted in the chart. This is not investment advice whatsoever.
Hello guys, As we all know there can't be only one directional move in any healthy financial asset. It seems the digital gold is somehow in an exhausted state since we have been watching the Bulls strong accumulation since the first day of the ETF approval. As we predicted earlier this week about its possible bearish momentum formation this bearish behavior...
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 1-day update. the price has rallied towards the 52K resistance level after a rebound from 40K earlier in January. While the market is testing the 52K level, the Relative Strength Index is...
BTC is on 0.618 level of fibonaci in daily TF. on low tf it is in 0.618 level too. i try to open another short. let see
Bitcoin will test 48k and if it drops below 48k we will see lower prices,,,,,,, please follow me to get notification for all my analysis
It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave” If we break this zone to the topside I will look for longs. If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions. The 50...
BITSTAMP:BTCUSD The Bitcoin is entirely speculation? Fundamentals support the price of it? The Bitcoin is not entirely speculation, it is the price of the fundamentals. The Bitcoin factor indicator is calculated by Bitcoin fundamental factor, it can reflect how much of the Bitcoin price is supported by the fundamentals. The green line is the Bitcoin factor in...
BITSTAMP:BTCUSD Can't you invest Bitcoin for it's price fluctuations too big ? I backtest the Bitcoin long-term strategy using historical data in 7 years, total return is 101, maximum drawdown is 35%, annualized sharpe ratio is 1.99. In the chart above, the yellow line is the net value of account, $10000 in the January 1, 2015, to 1.02 million dollars in November...
BITSTAMP:BTCUSD How much the Bitcoin fundamentals can explain the price of the Bitcoin ? My latest research shows that the new Bitcoin factor can explain 92% of the the logarithm of Bitcoin price. The Bitcoin factor indicator is calculated by Bitcoin fundamental factor, it can reflect how much of the Bitcoin price is supported by the fundamentals. The green line...
BITSTAMP:BTCUSD Can't you invest Bitcoin for it's price fluctuations too big ? I backtest the Bitcoin long-term strategy using historical data in 10 years and new Bitcoin factor indicator, total return is 23K, maximum drawdown is 41%, annualized sharpe ratio is 3.27. In the chart above, the yellow line is the net value of account, $10000 on October 1, 2011, to...
Hello everyone, just a quick Weekly update.. I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective... So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two.. WITH still having in mind, that ONLY ONE TIME in...
BINANCE:BTCUSDT Based on latest S/R and Fib our next support levels will be $37k --> $30k --> $20k. The price action looked similar to June 14' correction so it will be interesting to see if history will repeat itself.
Hello everyone! Here's an overview of Bitcoin. We're anticipating a turning point on 4th February, with a subsequent bearish cycle until 5th April 2024. The 5th April 2024 is crucial for Bitcoin as we're expecting a major sharp bearish movement. Potential targets for this downward trend are $32,000 and $26,000. I'll continue to analyze Bitcoin and update the chart...
Pulling this horizontal channel on the log chart, we see we are currently at the top of the channel, while also sweeping previous highs within a bearish Weekly order block. If we fail to close above this zone, the next draw on liquidity with multiple confluences (fvg, bb, ote, golden pocket) is around 30k for BTC.
CRYPTOCAP:BTC #BTC Possible bearish divergence forming on 4h, If played out Key support areas from here to watch will be $48,644, $47,786, $47,232, $46,623 & $45,622. RSI on 1d looks fine so if this bearish divergence plays out it could be for short term.