BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!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 intraday peak of $23,880.63 earlier in the day.
The move pushed bitcoin marginally past a long-term resistance level at $23,800, hitting a five-day high in the process.
Another slight breakout occurred on the 14-day relative strength index (RSI), which climbed beyond a ceiling at 54.00.
At the time of writing, the index is tracking at 55.02, with the next visible resistance zone at the 60.00 level.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also stuttered in today’s session, with prices moving close to the $1,600 level.
Following a high of $1,662.58 to start the week, ETH/USD fell to a bottom of $1,615.39 earlier in the day.
This recent decline comes after a failed attempt to move past a long-term resistance level of $1,675.
Additionally, price strength has also hit a ceiling at the 53.00 mark, with the index tracking at 52.74.
Ultimately this consolidation, which is almost identical to bitcoin’s, comes as markets wait for this afternoon’s consumer confidence report, before deciding which direction to take.
However, should ETH bulls break the 53.00 ceiling on the RSI, there is a good chance that the price could be heading to or above $1,700.
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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 for a second straight session on Tuesday, as prices flirted with a breakout below $23,000.
BTC/USD moved to an intraday low of $23,205.88 earlier in today’s session, which comes less than 24 hours after hitting a high of $23,857.89.
The move comes after bulls were unable to jump back above the $24,000 mark on Monday, with bears using this as an opportunity to reenter.
Looking at the chart, the 14-day relative strength index (RSI) also failed to break out of the resistance of its own at 53.00
At the time of writing, the index is trading at 52.46, with bitcoin slightly higher than its earlier low.
BTC is now trading at $23,466.92, with a move back toward $23,800 still on the cards.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) on the other hand, has been predominantly bullish to start the week, with prices rising back above $1,600.
ETH/USD, which dropped to a bottom of $1,597.21 on Sunday, surged to a peak of $1,645.91 earlier in the day.
Prices have primarily climbed in the past few days, after falling to a low of $1,557 to start the weekend.
earlier gains have eased, as the RSI collided with a wall at the 54.00 mark.
Since this collision, price strength has declined, with the RSI now tracking at 53.04, and ETH trading at $1,638.06.
Should ETH bulls intend to return the price toward the $1,700 mark, the first step in this journey would be to move past the 54.00 ceilings.
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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 ) has largely been in consolidation in today’s session, as markets prepare for a big week of U.S. economic activity data.
Following a low of $23,165.23 on Sunday, BTC/USD rose to an intraday high of $23,654.37 earlier in today’s session.
The move comes as bitcoin bulls continued to climb higher, following a breakout of the $23,000 level on Saturday.
Since reaching the day’s peak, prices have somewhat slipped, with the world’s largest cryptocurrency currently trading at $23,408.54.
This appears to come as the 14-day relative strength index (RSI) failed to break out of a resistance level of 53.00
As of writing, the index is currently tracking at a reading of 51.95, with the next visible point of support at 50.00.
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USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-USDT.D is bouncing from the horizontal support. If it breakout the current resistance level, a further bounce is expected toward the horizontal resistance.
The general pattern is bearish as it is exchanging beneath the Ichimoku cloud. We've to wait for a solid breakdown of the horizontal support, which would confirm another bullish move, as USDT.D works inversely proportional to the crypto market.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) fell from Thursday’s high, with the cryptocurrency also impacted by today’s increased volatility.
Following a high of $1,666.13 during yesterday’s session, ETH/USD slipped to a low of $1,632.57 on Friday.
The drop saw ethereum move further away from its long-term ceiling at $1,675, and closer to a floor of $1,630.
Since hitting this earlier high, prices have gone on to rebound, with ethereum now trading at $1,648.37.
This comes as price strength seems to have found a floor at 54.00, and is currently hovering above this point.
At the time of writing, the index is tracking at 54.35, with the 10-day (red) moving average upward facing, which could be a sign of an upcoming rally.
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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) was once again trading below $24,000 on Friday, as markets began to anticipate the release of U.S. consumer sentiment data.
BTC/USD fell to an intraday low of $23,693.92 earlier in today’s session, less than 24 hours after hitting a peak of $24,177.57.
Today’s move comes as bitcoin was unable to sustain a recent breakout of a long-term ceiling at $24,200.
Looking at the chart, the 14-day relative strength index (RSI) also experienced a breakout, with the index moving below a floor at 58.00
Currently, the index is tracking at a reading of 55.97, with the next visible point of support at the 53.00 zone.
Should bears attempt to reach this level, there is a strong chance that bitcoin will be trading under $23,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back in the green in today’s session, with prices nearing $1,700 following yesterday’s sell-off.
ETH/USD rose to a peak of $1,674.60 earlier in the day, which comes after bottoming out at $1,604.80 on Wednesday.
The move saw ethereum come within touching distance of its long-term ceiling at $1,675, however, bullish pressure was not sustained.
Since hitting this earlier high, prices have gone on to slip, with ethereum now trading at $1,665.75.
This coincides with the RSI indicator running into a hurdle, in the form of the 57.00 resistance point.
At the time of writing, the index is tracking at 56.10.
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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 ) moved back above $24,000 on Thursday, as cryptocurrency markets rebounded following the latest FOMC minutes.
Following a low of $23,644.32 on Wednesday, BTC/USD surged to an intraday high of $24,572.09 earlier in the day.
As a result of this, the world’s largest cryptocurrency broke out of a key resistance level at the $24,200 point.
This rebound also came as the 14-day relative strength index (RSI), bounced from a floor of its own at 59.00
Currently, the index is tracking at a reading of 59.90, with the next visible point of resistance at the 66.00 zone.
Should bulls attempt to reach this level, there is a strong chance that bitcoin will be trading above $25,000.
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MATIC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Polygon (MATIC) was one of last week’s big movers, however, it has now fallen for a fourth straight session.
MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after the price was trading at $1.50.
On Saturday, polygon bulls pushed prices deep into the overbought territory by leading the token to its strongest point since last April.
As a result of this overbuying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10 to a current reading of 62.70.
The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.
This is not a piece of financial advice.
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BCH/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish.
Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session.
As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00.
Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI).
Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88.
Despite the next visible ceiling being at 71.00, earlier gains have begun to ease, with bulls opting to secure profits.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was in the red for a second consecutive session, breaking out of a key support point in the process.
Following a high of $1,682.78 on Tuesday, ETH/USD slipped to a bottom of $1,628.69 earlier in the day.
Today’s drop came as ethereum moved further below a long-term support zone at the $1,675 mark, with $1,625 acting as an interim floor.
Since hitting this low, bulls have somewhat reentered the market, with ethereum now trading at $1,643.32.
Price strength has also plunged, with a floor of 57.00 giving way earlier in the session, with the RSI now tracking at 53.76.
Overall, ethereum is still trading nearly 6% higher from the same time last week.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Wednesday, as markets began to anticipate the upcoming FOMC minutes report.
Today’s report will shed light on the Federal Reserve’s current view of the U.S. economy, in light of last month’s 25-basis-point hike.
As a result, BTC/USD fell to an intraday low of $23,902.54 on hump day, less than 24 hours after hitting a high of $24,824.10.
The decline comes following two breakouts, first the 14-day relative strength index (RSI) moving below a support point at 61.00, plus prices falling under $24,200.
Currently, the index is tracking at a reading of 59.24, which is its weakest point since February 14.
A floor at 58.00 awaits remaining bulls, which could potentially help ease the current bleeding in prices.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also moved lower in today’s session, as bears pushed prices below the $1,700 level.
ETH/USD plunged to an intraday low of $1,671.98 on Tuesday, less than 24 hours after trading at a peak of $1,714.29.
Today’s drop sees ethereum move below its long-term support point at the $1,675 mark, which has been mainly stable for the past week.
the decline in prices comes as the 14-day RSI retreated from a recent ceiling at 61.00.
As of writing, the index is now tracking at a reading of 57.28 and appears to be rapidly nearing a floor of 57.00.
Should bears hit this bottom, ETH will likely be trading below $1,650.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) has mostly traded higher in the past 24 hours, with prices remaining above $1,700.
ETH/USD moved to a peak of $1,718.95 earlier in the day, which comes after falling to a low of $1,659.30 on Sunday.
Like with bitcoin, the gain took place as prices bounced from a recent floor — on this occasion the $1,675 mark.
An upwards crossover of moving averages has also occurred in today’s session, which is usually a sign of a change in market momentum.
Should this be the case, then there is a strong possibility that ethereum bulls could target $1,800, which hasn’t been hit since September.
In order to potentially move towards this level, an upcoming hurdle of 67.00 on the RSI indicator must first be overcome.
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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 ) remained close to the $25,000 level to start the week, as market sentiment shifted towards bulls.
Following a high of $25,093.06 on Sunday, BTC/USD is currently trading at $24,808.03 at the time of writing.
Monday’s move comes as prices bounced from a recent support point at $24,200, and now appear to be on course for a ceiling $1,000 away.
Overall, the catalyst of this surge appears to be the 10-day (red) moving average, which crossed its 25-day (blue) counterpart over the weekend, in a move known as a “death cross.”
In addition to this, the relative strength index (RSI) once again moved beyond a resistance point at 64.00.
As of writing, the index is currently tracking at 65.88, which is marginally below a hurdle at 66.00, and this could be a reason why BTC has fallen from earlier highs.
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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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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) rose back above the $1,700 level to start the weekend, with bulls returning to the fold.
ETH/USD moved to a peak of $1,716.78 earlier in the day, which comes less than 24 hours after trading at a low of $1,656.28.
The world’s second-largest cryptocurrency climbed back above a price ceiling of $1,675 following the move.
At the time of writing, earlier gains have somewhat eased, resulting from the RSI colliding with a ceiling at 63.00.
Since this collision, price strength is now hovering at a reading of 60.44, with ethereum trading at $1,693.41.
If bulls fail to move beyond this hurdle, it is unlikely that ETH will re-capture the $1,700 this weekend.
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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 ) moved toward the $25,000 mark on Saturday, as crypto markets rebounded from yesterday’s declines.
Following a low of $23,712.05 on Friday, BTC /USD raced to an intraday high of $24,924.04 earlier in the day.
As a result of this move, bitcoin once again broke out of its long-term resistance level at the $24,200 point.
the 14-day relative strength index ( RSI ) also moved back above its own resistance level at 65.00, after tracking near the 61.00 mark on Friday.
As of writing this, price strength is currently at a reading of 65.29, with a ceiling at 70.00 a possible target for bulls.
The 10-day (red) moving average has also fully shifted course, and looks to be nearing an upward cross with its 25-day (blue) counterpart.
Should this occur, BTC could be above $26,000 before the end of the weekend.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) decline was more on the subtle side, with prices remaining relatively close to the $1,700 mark.
Following a high of $1,732.80 on Thursday, ETH/USD is currently trading at $1,636.17 in today’s session.
Similar to BTC, ETH fell below a key resistance level of $1,675 on its way to its current price point.
The decline coincided with the RSI failing to break out of a ceiling at 60.00. It is currently tracking at 58.90.
A positive, however, is that the 10-day (red) moving average is no longer downward facing, with the potential for a swift upwards cross faintly on the cards.
Should this occur, there is a strong possibility that ethereum will not only move back above $1,700 but potentially closer to $1,800.
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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 sharply below a high above $25,000 on Friday, as crypto markets moved into consolidation.
BTC/USD dropped to an intraday low of $23,460.76 during today’s session, which comes a day after hitting a high of $25,134.12.
The sell-off seems to have occurred as a result of bitcoin bulls being unable to maintain a breakout of a ceiling at $24,200.
Looking at the chart, the 14-day relative strength index (RSI) also moved back below its own resistance level at 65.00.
As of writing, price strength is currently at a reading of 61.89, which isn’t too far off from a support of 59.00.
BTC has already begun to rebound from its earlier lows, with prices now trading at $23,820.98 at the time of writing.
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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 ) raced to a multi-month high on Thursday, as prices moved closer to the long-coveted $25,000 mark.
Following a low of $22,664.48 on Wednesday, BTC/USD rose to an intraday high of $24,769.24 earlier today.
Today’s move pushes the world’s largest cryptocurrency above a ceiling at $24,200, hitting its strongest point since August 20 in the process.
Looking at the chart, the 14-day relative strength index (RSI) also moved past a ceiling of its own at 65.00
As of writing, price strength is currently at a reading of 69.36, which is its strongest point in nearly two weeks.
The next visible point of resistance appears to be at the 75.00 mark, and should bulls make a run for this level, BTC will likely move well past $25,000.
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