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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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
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 Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
4
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin continued to consolidate on Wednesday as markets awaited the latest inflation report from the United States. After hitting a high of 27,824.39 on Tuesday, BTC/USD fell to a low of 27,375.60 earlier in today's session. Today's move pushed Bitcoin closer to the key 27,300 support point, although the price bounced back again. Overall, it appears that the previous decline was followed by a breakout in the Relative Strength Index (RSI). Price strength moved below a floor at 43.00 with the index tracking at 42.63 at Bitcoin is now trading at $27,430.96. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
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BITSTAMP:BTCUSDLong
by ChemastroOfficial
4
Bitcoin Completed Its Inverse Head and Shoulders - What's Next?Bitcoin had a massive rebound (almost 50%) following the failures of Silvergate, Signature, and Silicon Valley Bank. It's hard to believe given the lack of financial stability of some banks and the uncertainty in the markets that BTC would have such a big jump within a week, but technically speaking this move is very bullish. Considering this, I could see BTC doing one of two things. 1) Mega Bull Scenario - BTC flags up here and rockets to higher highs it hasn't seen for some time 2) BTC revisits the neckline around $25k before moving upward. I personally prefer scenario 2 because I don't like seeing over-extended runs that result in extremely fast moves to the downside. Plus, it's healthier for the sustainability of the bull run to have small corrections after each strong move. I think the neckline is an ideal place to reload and prepare for the next leg up. DISCLAIMER: There is a lot of uncertainty in the markets at the moment. With a potential financial crisis brewing in the financial sector, the bullishness of this run could turn bearish very quickly. Have a plan in place just in case.
COINBASE:BTCUSDLong
by jpbrown1023
1
You don't know how to manage your portfolioI had a talk with my mentor earlier today, and we talked about how we each calculate the signal for our allocation towards ETH compared to BTC. It got me thinking that a lot of people actually aren't aware of why they allocate capital to different assets in the same class! Case in an upwards trend When the trend is up and you want to maximize your returns in crypto, with the least amount of risk... What do you do? Well, you know that alts are higher beta (they move more than BTC), but you don't know when BTC will alts... In the case for my conservative portfolio I only hold ETH and BTC, but how do I allocate between them? What I first and foremost do is look at the dominance chart for BTC: Here we see the dominance of BTC going down a lot, this is while the market is up (between 18th of jan 2021 and 19th of may 2021) The TPI informed us about the entire trend for the dominance chart. What you do in this scenario is now determine how much ETH you hold relative to BTC in this period (in your conservative portfolio) Open the ETH/BTC chart (I use binance personally) In this period we see ETH outperforming BTC a lot! When the TPI is bullish for the ETH/BTC pair, it means that ETH is likely to outperform BTC, how did that prediction go? As BTC dominance falls, and we see strength in ETH compared to BTC, we have a higher allocation towards ETH. But Omar, how do I quantize the amount of ETH compared to BTC? No one asked, but I will answer still: The TPI gives values between -1 and 1, I normalize these values between 0-1 for the ETH/BTC pair, where 0 is 0% allocation and 1 is 100% allocation towards ETH: Equation for normalization: minValue = 0 maxValue = 1 (TPI - minValue) / (maxValue - minValue) => (TPI - 0) / (1- 0) Since the TPI had been bearish with a TPI value at -1 for ETH/BTC since the 13th of march, 100% of my conservative portfolio is in BTC! Case in a downwards trend The method is the same, but reversed! When we look to maximize our returns on a short we want to short the asset that is underperforming! ETH was underperforming BTC by a large portion during the LUNA drama: This means most of the conservative portfolio was short ETH, rather than BTC Quite simple, but very effective! In conclusion I want you to ask your self, why am I allocating x% of my capital towards this asset (long or short), and is my allocation optimal? If you can't answer these two questions, then you probably need to look at your system Numbers don't lie, this method works! The TPI is truly the holy grail for a swing trader who wants to use statistics and data to maximize their returns and minimize their risk! Kind regards Omar I've linked an idea below from a dear friend of mine (much bigger than on this platform) who has marked out crutial levels for the altcoin market based on what the FED will do, give it a watch!
Education
by IkkeOmar
1
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSD
by CryptoSanders9563
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 I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
COINBASE:BTCUSDLong
by CryptoSanders9563
5
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
The market is at a crossroadsOver the weekend, Bitcoin jumped above $22 000. However, the rebound did not last long, and Bitcoin fell toward the $21 700 price tag, where it currently trades. We have not yet seen developments confirming the short-term trend reversal (from bullish to bearish). Therefore we are very cautious and pay close attention to two particular price levels at $21 473 (support) and $22 314 (resistance). If the price breaks below $21 473, it will further bolster a bearish case in the short term; in such a scenario, we would like to see a pick-up in volume. On the other hand, a breakout above $22 314 will support a bullish case, potentially hinting at a retest of $22 500 and $23 000. Besides mentioned price levels, we also watch the price action in the stock market to which Bitcoin stays highly correlated. To support a bearish case, we would like to see stocks go lower, sparking risk aversion among investors. Contrarily, to support a bullish case, we would want to see the stock market start erasing some of its recent losses, providing aid for the cryptocurrency market. Overall, we would say that the market is at a critical point where it might either start breaking down or recovering losses and marching higher. Illustration 1.01 Illustration 1.01 displays the daily chart of BTCUSD and two simple moving averages. The 20-day SMA acts as another form of resistance. Meanwhile, the 50-day SMA has a role of support. Technical analysis Daily time frame = Bearish Weekly time frame = Neutral/Slightly bearish Illustration 1.02 Illustration 1.02 displays the weekly chart of BTCUSD. The yellow arrow indicates a price retracement toward the 50-week SMA, which often coincides with the strong correction of a primary trend. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
39
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
1
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. 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. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
4
new analysis It's really hard to explain this but we have a slight downpour, and then about 1 month to 45 days the market is bullish , and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%, and then we have a terrible fall that many currencies will be destroyed if you like analysis with me. Join me and make a profit to message me or comment I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm
by aryanattar
1