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BTC/USDT 1DAY 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 1-day update. After Bitcoin's recent setback from the crucial 48K level, the price sought support around the middle boundary of the ascending channel and an important range defined by the important 100-day moving average at 39K. A slight correction occurred, taking the price back towards the current fair value gap (FVG) within the range of 43,578 and 45,606. This price range has the potential to increase resistance against further selling pressure, perhaps even taking it back towards the 100-day moving average. However, a breach below this important moving average could lay the groundwork for a medium-term bearish trend. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- the rejection from the 48K resistance zone extended, with the price breaking below the lower boundary of the ascending flag, indicating the presence of sellers. However, after a strong breakout, a retracement towards the flag’s lower boundary is underway, potentially completing a pullback. If it happens, the retrace could pave the way for the continuation of Bitcoin’s downward movement in the short term, targeting the static support range of 39K. Bitcoin’s mid-term prospects suggest consolidation within the critical price range bounded by the substantial resistance zone at 48K and the decisive support at 39K. Nonetheless, a successful breakout from this zone will shed light on the cryptocurrency’s next impulsive trend. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher. The Relative Strength Index is also hovering around the 50% level, pointing to an equilibrium in momentum. As a result, the short-term price action heavily depends on whether the cryptocurrency drops below the $2,000 level or successfully breaks above the $2,400 level to target the $2,700 resistance zone. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- 4-hour chart, it is evident that the price action has been very choppy over the last few weeks. BTC has been trading between 40K and 45K for quite a while. the price is currently breaking above the 46K resistance level. A valid breakout would pave the way for a bullish continuation toward the key 48K resistance level. The reaction to this level would likely determine the mid-term price action for BTC and the whole crypto market. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- BTC 4-hour chart looks like a triangle pattern has formed and it looks like BTC is breaking out of the 4-hour chart triangle pattern and making a comeback. From here, we can expect BTC to bounce around 14% to 15%. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- As we are seeing Eth in the daily chat, upside heads and architecture artifacts have been created and these hard and soliders have been broken and doing the latest, we can expect about 30% to 35% from here. are are. maybe pumped I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!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 supports the sustainability of this trend. The 4-hour chart offers a granular view of Bitcoin’s price action. Resistance near the 44,729 level, the recent high, characterizes the current market. The formation of higher lows suggests an ascending trendline, potentially providing support and hinting at continuing upward momentum. bitcoin (BTC) appears to be in a phase of cautious optimism. While oscillators indicate a balanced market, moving averages and chart patterns lean towards a bullish sentiment. Investors should be aware of potential resistance levels and watch for signs of consolidation or continued upward movement. The data and trends from Dec. 20, 2023, project a bullish trajectory for Bitcoin. This optimism is rooted in the unanimous buy signals from moving averages across various time frames, coupled with the underlying bullish trend indicated by the daily and 4-hour charts. The market’s resilience, demonstrated by its recovery and the formation of higher lows on the 4-hour chart, underpins a strong bullish sentiment. Despite the surface-level bullish indicators, a deeper analysis reveals potential bearish undercurrents for bitcoin as of Dec. 20, 2023. The conflicting signals from oscillators, particularly the sell signal from the MACD Level, hint at underlying market uncertainty. Additionally, the resistance near recent highs and the market’s current consolidation phase may signal a forthcoming downturn. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSDLong
by CryptoSanders9563
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Looking at the 4-hour timeframe, things look worrying for Ethereum. The market has been making lower highs and lows since the rejection from the 2,400 level, demonstrating a clear bearish shift in the short-term market structure. Nevertheless, the trend is still bullish, as the trendline depicted on the chart is yet to be broken. If this happens, the mid-term trend will be considered bullish, too, and a deeper drop can be expected in the coming weeks. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!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 falling wedge, and the market may rise above the recent high of 45K and in the coming form have access to the high of 48K. Conversely, a breakdown of the pattern would be disastrous, as it could lead to a decline towards the 38K support area. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSDLong
by CryptoSanders9563
XRP/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:-4-hour chart, Ripple’s ascent faced significant resistance around the 0.74 level. Heightened selling pressure in this critical region led to a notable decline, characterized by an extended retracement towards the 0.5-0.618 Fibonacci levels. Despite subsequent attempts by buyers to push the price beyond the 0.74 threshold, these efforts proved unsuccessful. This price action signifies market uncertainty, with Ripple undergoing a consolidation phase accompanied by low volatility. substantial support is evident in the price range between the 0.5 and 0.618 Fibonacci levels. A potential decline below this critical range could signal an imminent significant downturn for XRP, and market participants should brace for notable changes under such circumstances. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- 4-hour chart, things become a little more tricky. The price has been reacting precisely to the depicted bullish trendline over the past few weeks. it is currently falling toward the trendline once more. While traders can expect another rebound from this level, there is also a possibility for a breakdown. In the latter case, things might turn for the worse and lead to a deeper correction shortly. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC/USDT 1DAY AND 4HOUR CHART UPDATE BY CRYPTOSANDERS !!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 neither overbought nor oversold conditions prevailing. These indicators suggest a period of consolidation, with potential shifts contingent on broader market influences. The story told by bitcoin’s moving averages is one of subtle optimism. Similar to the past few weeks of analysis, the exponential moving averages (EMAs) over 10, 20, 30, 50, 100, and 200 days predominantly signal bullish sentiment, despite the 10-day EMA presenting some bearish sentiment. Conversely, the simple moving averages (SMAs) for these same periods also indicate positivity, including the 10-day SMA. This divergence in the shorter-term EMA reflects the inherent volatility and rapid shifts in market sentiment typical of crypto assets. bitcoin has shown a strong uptrend, moving from a low of 15,479 to a peak of 44,729. However, the appearance of a significant Dec. 10 red candle with a long upper wick suggests possible resistance to higher prices or profit-taking activities. The volume, not showing a significant increase, hints at a cautious approach by traders, possibly indicating a lack of strong buying conviction. As suggested by the daily chart, a prudent strategy would be to await a retracement towards key support levels for entry points. These levels could be previous resistance points or moving averages not explicitly marked. For exits or profit-taking, one should monitor the peak prices or the emergence of bearish patterns like multiple long upper wick candles, indicative of potential reversals. The 4-hour chart offers a more granular view of Bitcoin’s price action, confirming the uptrend seen in the daily chart. Post-peak, the cryptocurrency entered a consolidation phase, marked by volatility and relatively low volume, suggesting a lack of significant sell-off. Entry strategies could involve observing price behavior at current levels or waiting for a rebound from a support level. In contrast, an exit strategy might include setting a stop-loss just below the recent consolidation to mitigate the risks of a breakdown. The confluence of neutral to positive signals from oscillators and moving averages, coupled with Bitcoin’s resilient performance on the daily and 4-hour charts, points towards an optimistic outlook. The absence of clear overbought conditions and the cryptocurrency’s ability to sustain above key support levels paint a bullish picture. Despite the current stability, underlying bearish signals cannot be overlooked. The mixed signals from the 10-day EMA and the appearance of the Dec. 10 red candle with a long upper wick on the daily chart hint at possible resistance and profit-taking. Should Bitcoin fail to sustain its current levels and break below key support zones, this could trigger a bearish reversal. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders. Chart Analysis:- XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this cryptocurrency can aim for higher levels. The support at 57 cents held well, and considering that buyers are dominating the market right now, XRP could continue to perform in the coming week. this cryptocurrency could break the current resistance and aim to reach the previous high from July when XRP got close to $1. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BONK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BONK/USDT update from Crypto Sanders. Chart Analysis:- The surprise of the past two months is BONK, the biggest meme token on the Solana network. The price has not stopped pumping since late October and booked an eye-popping 187% increase this week alone. With such a performance, it is almost impossible to guess where BONK will top or decide to correct. Considering the market sentiment after a 70x increase from its all-time low, this Solana token could continue to rally. Looking ahead, meme tokens are back in the spotlight, and BONK holders have the time of their lives. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum has displayed significant bullish signals, with the price exhibiting a robust uptrend that retraced above the pivotal resistance level of 2.1K. Despite a temporary setback, the cryptocurrency maintained its upward trajectory, reaching an annual peak of 2.4K. This PA suggests a revived bullish market, reflecting renewed demand and heightened buying interest among market participants. It’s crucial to acknowledge that short-term corrections typically follow each bullish surge. As evident from the chart, Ethereum’s upward momentum faced rejection upon hitting the upper boundary of the wedge, resulting in a 10% decline. The divergence between the price and the RSI indicator also supports the likelihood of a brief retracement before initiating the next bullish move. In such a scenario, the 2K support zone is anticipated to be Ethereum’s next destination in the daily timeframe. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC/USDT 2DAY UPDATE BY CRYPTOSANDERS !!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 rebound, and the market might rally toward the next significant resistance level, which is located at the 48K mark. On the other hand, a bearish breakout could result in a drop to the 38K and potentially the 31K zone. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ADA/USDT update from Crypto Sanders. Chart Analysis:- Cardano landed on its key support at 38 cents this week and, in the process, also registered a 3% loss in valuation. If bulls hold here, then ADA could end its correction. The current resistance is found at 41 cents, and it may take some time before this cryptocurrency tests it again. ADA has a good opportunity to reverse and end its correction at this level. If it fails and the current support falls, then the price is likely to go to 35 cents next. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum appears determined to break the resistance at $2,140 which was tested twice since early November. Today’s price is found at the same level as last week when buyers had their last attempt at a breakout. The support at $2,000 held well this week, which gives hope that ETH may break away from its current formation and make new local highs. the momentum remains bullish, and should buyers manage to put the current resistance behind them, then the next key target will be found at $2,500. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Turning to ethereum (ETH), the second giant in the crypto realm, we observe a substantial week-on-week gain of 17.4% with the price currently at 2,097. Ethereum’s oscillators, however, send warning signals with an RSI at 80.3, signaling a possible correction, and an overly bullish Stochastic at 90.6 resting at neutral. The CCI exacerbates this caution with a high 262.3, reinforcing the bearish sentiment. Ethereum’s moving averages paint a more positive outlook, much like Bitcoin’s, with all indicators from the 10-day to the 200-day averages signaling strong upward momentum. The disparity between the shorter-term EMA at 1,937.7 and the longer-term SMA (200-day) at 1,777.4 suggests that while ether’s immediate trend is still bullish, there’s potential overheating that could prompt a near-term correction. The market capitalization of ether stands at 252 billion, underscoring its significant growth over the past month by 33.1%. The volume and market cap showcases Ethereum’s liquidity and trader interest, indicating a healthy market for ETH. However, the inflated oscillator values raise concerns about sustainability and call for vigilance among traders against possible volatility. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USD update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) dropped 2.8% to 1,785 during the past 24 hours, with 13.19 billion worth of ether changing hands over 24 hours. The RSI of 61.4 implies that ethereum has room to rise before overbought conditions materialize. Meanwhile, the Stochastic level of 79.9 indicates the crypto asset is approaching overbought territory on the daily chart. The CCI reading of 51.4 reflects ether trading in the middle of its band. The 10-day SMA at 1,800 is close resistance, while the 50-day and 100-day SMAs at 1,656 and 1,693 denote some leftover bullish momentum. ​​Ethereum has witnessed a significant uptick in exchange inflows, reaching a five-month high with a surge of nearly 130,000 ether deposited into exchanges. Over the past fortnight, it has risen more than 10% and over the past month, over 8%. Ether recorded 13.19 billion in 24-hour trade volume on Friday. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback. The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum. the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
ETH/USDT UPDATE !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- ethereum’s (ETH) price is coasting along at 1,796 per unit. ETH has witnessed a 24-hour range of 1,786 to 1,827 per ether. Ethereum’s volume is higher than BTC’s today with 10.56 billion traded over the last 24 hours. In terms of market dominance, ETH’s market valuation amounts to 16.4% of the 1.3 trillion crypto economy. Ethereum presents a more tempered growth story, with a 3.9% increase in price over the past month. The oscillators, with an RSI of 67 and Stochastic of 76, do not indicate an extreme market condition, suggesting a more stable and neutral environment compared to Bitcoin. The moving averages, with an EMA of 1,771 and an SMA of 1,792, provide additional support for a positive outlook, though the growth is not as pronounced as that of Bitcoin. The steadier price movement of Ethereum, coupled with the less extreme oscillator values, positions ETH as a potentially less volatile option in the current market. However, traders should still exercise caution and consider a range of indicators and market conditions before making trading decisions. The positive trend indicated by the moving averages is a promising sign, but it is crucial to remain vigilant and stay updated with market developments. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- \Bitcoin consolidated on Tuesday, as markets braced themselves for the upcoming consumer confidence report from the United States. Following a high of 34,843.94 to start the week, BTC/USD slipped to an intraday low of 34,083.31 in today’s session. This has resulted in the world’s largest cryptocurrency hovering below a key price point of 35,000. the relative strength index (RSI) tracked above a floor at 79.00, which is deep in bull territory. Price strength is now sitting at 82.02, with the next visible point of resistance being at the 88.00 mark. many see BTC as being overcooked, with a more long-lasting reversal potentially on the cards. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1