ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also rebounded strongly to start the weekend, days after falling to a three-month low
Following a low of 1,653.17 on Friday, ETH/USD raced to an intraday peak at the 1,766.76 level earlier today.
ETH fell to a bottom at 1,620 on Thursday, which was the weakest point that the price had hit since March 13.
a breakout of the RSI was one of the triggers of the move, with price strength climbing past a ceiling of 41.00.
The index is currently at a reading of 43.79, with the next resistance level at the 50.00 mark.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price.
BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36.
The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820.
Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00.
the index is tracking at 50.55, which is close to a new resistance at the 51.00 level.
Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this weekend.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) slipped below the 26,000 level during today's trading session as bears continued to put pressure on the crypto markets.
BTC/USD fell to a low of 25,890.59 earlier in today's session, which comes after hitting 26,703.88
As a result of today's drop, bitcoin fell to its weakest point since May 12, when it hit a low of 25,810
the decline came after a breakout above the recent support at 26,300.
BTC has since rebounded, and as of writing is once again hovering above this point of support.
This came as the 14-day Relative Strength Index (RSI) found a floor of its own at 39.00.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) started the week in consolidation as the market remains hopeful of a deal to raise the debt ceiling in the United States.
BTC/USD fell to a one-day low of 26,549.73, less than 24 hours after hitting a high of 26,986.08.
Monday's move is the third day in a row that BTC has traded below the 27,000 mark.
From the charts, it appears that BTC has now found a solid floor at 26,300, with the price hovering slightly above that point.
To make a significant move, it needs to break the upper limit of 44.00 on the Relative Strength Index (RSI) or the support at 39.00.
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Bitcoin Price Analysis for MayHello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- Current Market Status
At the halfway point of May, bitcoin has fallen to a two-month low, as market sentiment shifted bearish, following April’s strong gains.
With several key data points all being released in a short window, it was somewhat expected that price uncertainty would be present.
The Fed increased interest rates by 25 basis points, days after non-farm payrolls rose to 253,000, versus expectations of 180,000.
Since then, inflation fell to 4.9% in April, with many still uncertain as to what the Federal Reserve will do during June’s meeting.
May Outlook
Bitcoin (BTC) fell to a low of 25,810 last Friday, which came after a breakout occurred at a key price floor of 26,500.
This move saw the world’s largest cryptocurrency plunge to its weakest point since March 17, when the price was below $25,000.
Since then, BTC has somewhat rebounded, climbing to a peak of 27,527.51 earlier in today’s session.
From the chart, one of the catalysts for this move was the 14-day relative strength index (RSI), which rose above a ceiling of 42.00.
The index is now tracking at 44.66, with Bitcoin reentering its own support point at 27,500, with bulls seemingly targeting 28,000 in the near term.
A big test will be what happens when the RSI reaches a ceiling at 48.00, should it move beyond this, not only will BTC be above 28,000, but, there is a good chance that it could hit 30,000 before the month’s end.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was back above a key price level to start the weekend, as it once again rose above the 1,800 mark.
ETH/USD hit a peak of 1,816.06 in today’s session, less than 24 hours after declining to a low of 1,747.94.
Bulls have seemingly taken yesterday’s move to a multi-week low as an opportune moment to increase position sizes in ETH.
this was helped by the fact that RSI found a stable point of support, which in the case of ethereum was at the 41.00 zone.
From the floor, price strength is now taking close to a ceiling at 45.00, and should this be broken, ETH will possibly move back above a key point at 1,830
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip.
After falling to a low of 25,878.43 on Friday, BTC/USD rose to an intraday high of 26,989.07 earlier in the day.
Today’s rebound sees bitcoin jump back above a key support point at 26,500, following Friday’s breakout.
From the chart, it appears that this took place as the 14-day relative strength index (RSI) found a floor of its own at 36.00.
price strength is tracking at 37.99, with a ceiling of 43.00 as a possible target.
Should bulls lead the charge to this point, it is likely that Bitcoin will be back above the 27,000 level this weekend.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- The number of jobs added to the U.S. economy came in higher than expected, in many’s eyes justifying the Federal Reserve’s decision to hike interest rates by 0.25%.
As a result, BTC/USDT fell to an intraday low of 27,691.26 earlier in today’s session, following a peak of 29,119.38 the day prior.
Overall, BTC has now fallen for a third straight session, with this latest drop sending prices to a one-week low.
One of the catalysts for the decline was a breakout that took place on the relative strength index (RSI), which fell below a floor of 47.00.
the index is tracking at 44.32, with a floor of 42.00 a potential target for bears.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell from earlier highs on Tuesday, as momentum in cryptocurrency markets rapidly changed as the day progressed.
Following a high of $25,126.85 earlier in today’s session, BTC/USD has since gone on to fall to a low of $24,642.57.
Tuesday’s earlier high sent the world’s largest cryptocurrency to its strongest point since June 13.
Overall, prices slipped as bulls were unable to force a breakout of a resistance level at the $25,200 mark.
In addition, the relative strength index (RSI) also failed to move beyond its own ceiling at 66.00.
As of writing, the index is tracking at 63.29, which is marginally above a support zone of 61.00.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) BTC has also formed an Adam and Eve chart pattern and attempting to break out its neckline and making it weak in each attempt of breakout.
We've to wait for a breakout with a successful retest above it, which would confirm a strong bullish rally in the market.
If the bottom is closed then the chat will be invalid
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded from recent losses in today’s session, as prices moved closer to the $22,000 level.
BTC/USD hit an intraday high of $21,849.01 earlier in the day, which comes after falling to a low of $21,460.09 on Monday.
Today’s action saw bitcoin snap a two-day losing streak, and comes as prices rejected a full breakout of a floor at $21,500.
Looking at the chart, the 14-day relative strength index (RSI) also rejected a break of its own, with the index remaining above its support at 44.00.
As of writing, price strength is at a reading of 47.86, with a resistance of 50.00 nearby.
In order for BTC bulls to take the price above the $22,000 mark, this point of resistance will need to be broken.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks.
BTC/USD fell to an intraday low of $21,754.13 earlier today, which comes less than 24 hours after trading at $22,770.22.
As a result of this drop, bitcoin moved to its weakest point since January 20, when the price bottomed at $20,865.
From the chart, the sell-off took place following a break out of a resistance level at $22,500, which had mostly held firm since late January.
In addition to this, the 14-day relative strength index(RSI) also dropped, falling to its lowest point in over a month.
After weeks in overbought territory, price strength has started to subside, which could act as a long-term positive for bulls, whose next target will likely be $25,000.
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BNB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Binance coin Hello friends BNB/USDT forming an inverse head and shoulders pattern and the good news 200 moving average and 50 moving average crossover to the golden crossover
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell.
Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.”
BTC/USD rose to an intraday high of $23,367.96 earlier today, less than 24 hours after hitting a low of $22,781.95.
Looking at the chart, the move pushed bitcoin to its strongest point in four days and came as the 14-day relative strength index (RSI) ran into a ceiling.
The index rose to a ceiling at 65.00, however, momentum was not strong enough to break out of this point.
As of writing, the index is tracking at 62.92, with BTC falling from earlier highs, and currently trading at $23,195.36.
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#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- hello friend welcome to btc 2hr update btc is forming a bearish expanding pattern expect btc to fall from here so close your positions open long positions and short only after seeing the market face.
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BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !! Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) moved to a fresh five-month high earlier in the session, as markets reacted to Tesla’s latest quarterly earnings report.
The report, which was released after yesterday’s closing bell, showed that the electric vehicle maker did not sell any of its bitcoin.
Following the news, BTC/USD raced to a high of $23,722.10, hitting its strongest point since August 17 in the process.
Looking at the chart, the move saw BTC once again break out of a ceiling at $23,500, and this comes after colliding with a floor at $22,500.
Earlier gains have somewhat eased, with the 14-day relative strength index (RSI) back in overbought territory.
As of writing, the index is tracking at 80.77, with a support point at 78.00 the next visible target.
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BITCOIN DOMINANCE UPDATE BY CRYPTO.SANDERS !!Hello, welcome to this BITCOIN dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC DOMINANCE A small update on BTC dominance that is pumping up BTC. usdt.d similarly dumping btc dominance which is forcing btc peers to dump older coins btc has created support by breaking the local resistance zone next target of btc dominance may go from 47% to 49% this strong resistance level btc is from here dominance job will be rejected in bottom trade so btc altcoin is going to give very good rally so we will do some update by entering btc pair coin and spot it. thanks for reading my update
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Unique Update Of BitcoinHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support.
Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today.
This surge saw bitcoin climb from its aforementioned price floor of $16,175, which has been in play since early November.
Looking at the chart, although prices have surged, it will be a test to see if this momentum can be maintained, due to the relative strength index (RSI) colliding with a ceiling.
As of writing, the index is hovering marginally above a ceiling of 41.00, with a current reading of 41.12.
Should price strength continue upward, we could see more bulls entering the market, taking BTC closer to $17,000.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday.
Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session.
Today’s decline saw a three-day winning streak snapped, with BTC moving closer to a recent support point of $16,200.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 41.00
The index is currently tracking at 40.04, with neither bulls nor bears taking hold of market sentiment.
However, should bulls break out of the 41.00 resistance point, we could likely see BTC move toward $17,000.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS: Bitcoin breaks the uptrend line and kisses the support area as expected. Keep an eye on this as the market will dump hard if BTC breaks below the significant support level.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC remains bullish and is consolidating in a symmetrical triangle on the 2H TF. MACD crossover is turning bullish
A successful breakout of the symmetrical triangle will confirm the move toward the horizontal resistance and a solid break above it will target the key resistance level of $18.5K.
If BTC breaks out of the symmetrical triangle with a retest below it, the chart will be invalid.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was once again trading lower to start the weekend, as the token moved back towards a recent price floor.
BTC/USD fell to an intraday low of $16,564.61 in today’s session, which comes less than a day after hitting a high of $16,795.20.
The move sees BTC move closer to this week’s support point of $16,000, which has been in place since the FTX collapse.
Looking at the chart, today’s drop in price comes as a hurdle was hit on the 14-day relative strength index (RSI).
This wall of 38.00 on the indicator has seemingly prevented bulls from recapturing the $17,000 mark, and in turn, opened the door to a bearish reentry.
Should Saturday’s bearish momentum continue to intensify throughout the course of the weekend, BTC will likely edge closer to $16,000.
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