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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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Since rejecting a move below $1,600 on Monday, ethereum (ETH) has continued to find stability, with prices edging higher today.
ETH/USD moved to a peak of $1,653.72 to start the day, which comes less than 24 hours after falling to a bottom at $1,611.32.
As a result of this surge, the world’s second-largest cryptocurrency looks to be heading toward a ceiling of $1,670.
One of the reasons behind this jump has also been the RSI, which failed to move below a floor at 58.00, and is now at a reading of 60.16.
In addition to this, the 10-day (red) moving average continues to be upward-facing, which traders see as a bullish signal.
If this momentum persists, there is a strong possibility that ethereum could be trading close to $1,700 in the upcoming days.
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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 Monday’s lows in today’s session, with prices racing back above the $23,000 level.
Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day.
The move comes as bitcoin bulls rejected a move towards a long-term support point at $22,500, and instead bought the dip.
Looking at the chart, today’s rebound sees BTC snap a five-day losing streak, which came following a six-month high last Thursday.
Tuesday’s reversal also coincided with the 14-day relative strength index (RSI) bouncing from a floor of its own at 60.00.
As of writing, the index is tracking at 62.04 and seems to be on course to collide with a ceiling of 68.00.
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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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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also moved lower on Monday, however, prices were able to remain above the $1,600 level despite the decline.
Following a high of $1,665.26 on Sunday, ETH/USD dropped by as much as 2% in today’s session, hitting a low of $1,616.30 in the process.
As a result of this sell-off, ethereum moved closer to its recent support level of $1,600. However, bulls have so far rejected a collision.
This has been helped by the RSI, which has found its own floor at 58.00, providing a soft landing for previous bulls.
ETH has since rebounded from earlier losses, and at the time of writing, is trading at $1,630.55.
Should this RSI floor of 68.00 hold, ethereum bulls may attempt to make another move toward $1,700 as the week progresses.
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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 ) started the week falling to a seven-day low, as market sentiment began to shift downwards.
BTC/USD has now fallen lower for five straight sessions, with today’s decline taking prices to a bottom of $22,734.48.
This drop saw bitcoin hit its weakest point since January 30, when prices were trading at a floor of $22,500.
Looking at the chart, the world’s largest cryptocurrency appears to be heading toward this point of support again.
Recent declines in BTC have come as the 14-day relative strength index (RSI) broke out of a floor at 68.00. It is now tracking at 61.15.
This is the lowest reading for the index in nearly a month and comes following an extended streak in overbought territory.
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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:- hi everyone BTC 2-hour update welcome guys as you see btc is going towards a similar RSI opposite flag pattern showing bear divergence if BTC bounces from $23150 we will see BTC as a will see making new high maybe BTC break $23000 the chart will be invalidated
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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 marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.
Following a surge to $1,714 on Thursday, which was the strongest point for ETH since September, prices have moved into consolidation.
Looking at the chart, Saturday’s climb has pushed the RSI closer to a resistance of its own at 68.00, with the index currently tracking at 64.35.
ETH will likely reach the $1,700 mark should price strength recapture this ceiling.
The 10-day (red) moving average appears to be upwards facing, which could be a positive sign for bulls anticipating upcoming surges.
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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 lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high.
Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday’s session.
Today’s decline sees bitcoin fall for a third straight day and comes following Thursday’s high of $24,262, which was BTC’s highest point since early-August last year.
As a result of recent declines, bitcoin’s 14-day relative strength index (RSI) is now tracking at 68.41.
This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11.
Should this floor fail to hold during today’s session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process.
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ETH/USDT 1HOUR UPDATEHello and welcome to this ETH/USDT chart update by Crypto Sanders.
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Chart Analysis:- As we can see the middle trend line of the ETH parallel channel where 100ma is acting as the support I think ETH can bounce from here and go back to $1715 and if 100ma breaks then the chart will be invalid Will be done.
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USDT.DOMINANCE 1HOUR UPDATE !!Hello and welcome to this USDT.DOMINANCE chart update by Crypto Sanders.
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Chart Analysis:- Looking at the dominance of USDT it looks like a 6.66% to 100ma scheme which could fall to 6.41% if 100ma dominance is broken and closes above this chart it will be invalid.
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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:- as we can see the middle trend line of btc parallel channel where is acting as 100ma support I think btc may bounce from here and go back to 24200 and if breaks the 100ma chart will be invalid
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August.
The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest policy meeting.
As a result, BTC/USD rose to an intraday high of $24,167.21, less than 24 hours after it was trading at a low of $22,877.75.
Thursday’s surge saw the world’s largest cryptocurrency climb to its strongest point since August 16, when prices reached a peak of $24,448.
This took place as the 14-day relative strength index (RSI) moved away from a recent floor of 68.00, and is now tracking at 74.10.
Should price strength continue on this course, a resistance level of 77.00 will likely be a target for current bulls.
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ATOM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ATOM/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Cosmos (ATOM) was another notable mover in today’s session, with the token climbing for a second straight day.
Following a low of $13.15 on Tuesday, ATOM/USD moved to a peak of $13.84 earlier in the day.
Wednesday’s rally saw the cosmos move above a ceiling at $13.50, nearing its highest point since November 8 in the process.
Whilst this resistance level was broken, the 14-day RSI was approaching one of its own at 66.00.
As of writing, the index is tracking at 61.77, after it bounced from a support point at 58.00
Should this ceiling at 66.00 be hit, it is likely that ATOM could be trading above the $14.00 mark.
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LTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this LTC/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.
LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.
As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.
Looking at the chart, the move took place following a breakout of a ceiling at $95.50 and came as the relative strength index (RSI) collided with a resistance of its own.
As of writing, the index is tracking at 65.96, which is marginally below a resistance level of 66.00.
Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.
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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) moved slightly higher on Wednesday, with the price approaching the $1,600 area.
ETH/USD reached a peak of $1,598.52 on the first day, which comes after falling to a low of $1,569.04 the day before.
Like bitcoin, ETH bulls were unable to push the price above resistance, with earlier momentum waning as of writing.
From the charts, it appears that there has been a change in sentiment as the RSI was unable to overcome its own high at 58.00.
Currently, the index is tracking at 57.64, with the 10-day (red) moving average also changing its trend, and is now on the downside.
Should this sentiment continue, there is a high probability that ETH will drop to a low of $1,550.
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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 back above $23,000 in today's session as traders focused on the afternoon FOMC meeting.
After registering a low of $22,874.43 on Tuesday, BTC/USD rose to a one-day high of $23,225.02 earlier today.
Today's move briefly saw the world's largest cryptocurrency from an interim range at the $23.200 level.
However, with higher volatility today due to the Fed meeting, the price has recovered from this point and is currently trading at $22.802.
This happened as the 14-day Relative Strength Index (RSI) continued to hover near a floor at 68.00.
As of writing, the index is tracking at 69.83 and may remain around this mark until the Fed meeting ends.
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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 also in the red in today’s session, with prices falling further below $1,600.
Following a high of $1,595.86 to start the week, ETH/USD slipped to an intraday bottom of $1,546.66 on Tuesday.
Since hitting a then four-month high of $1,680 on January 21, the world’s second-largest cryptocurrency has mostly consolidated.
Many in the market somewhat saw this coming, due to prices being significantly overbought, with the RSI hovering between 70.00 and 87.00.
Price strength has since weighed heavily, and at the time of writing, the index is currently tracking at 57.02.
ETH has already rebounded from earlier lows and is currently trading at $1,571.37, with bulls sure to make another run toward the $1,600 zone.
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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 ) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session.
BTC/USD fell to a low of $22,657.58 earlier in the day, less than 24 hours after hitting a high of $23,296.53.
The move comes as traders appear to have secured gains from recent surges in price, and ahead of the upcoming Federal Reserve policy decision.
As can be seen from the chart, today’s drop saw BTC move closer to a price floor at $22,500, with the relative strength index (RSI) hitting a floor of its own.
Currently, the index is now tracking at 68.78, which is marginally above its long-term support point of 68.00.
Although a ceiling of 77.00 could be the target for bulls who rejected an earlier breakout, it is likely that prices could consolidate until the dust settles from this week’s fundamentals.
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BTC/USDT HOURLY UPDATE BY CRYPTOSANDERSHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:-Bitcoin is forming a broad uptrend channel. The boom can be seen from here. A break below $22,500 will invalidate the pattern and we could see a dump toward the $21,000-$21,200 support area.
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BTC/USDT WEEKLY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-The bitcoin weekly candle closed above descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
BTC was rejected from the horizontal resistance and is now above the $22.6K support.
BTC hunted for downside liquidity and retested the descending channel.
A significant bullish rally will be confirmed by an effective retest of the descending channel and a solid breakout of $25,500.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower to start the week, as sentiment shifted following a breakout of the $1,600 level
ETH/USD slipped to a bottom of $1,582.18 earlier in the day, as bulls were unable to sustain Sunday’s high at $1,653.73.
Yesterday’s peak saw the world’s second-largest cryptocurrency climb to its strongest point in one week, however, traders used this as an ideal moment to secure recent gains.
The move saw ethereum marginally break out above a ceiling at $1,650, however bearish sentiment around this mark has reigned supreme over the last three months.
A breakout below a floor of 60.00 on the RSI also contributed to the decline, with the index now tracking at 58.40.
In the event today’s decline continues in the coming days, it is possible that ETH could be heading towards a floor at $1,550.
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BTC/USDT 1HOUR UPDATE !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:-BTC is moving bullish in a rectangular channel. It attempted to breakout but could not close the candle above it.
It now maintains itself above its horizontal support. Further consolidation can be expected inside the rectangular channel.
A successful breakout of the rectangular channel will confirm a bullish move in the market, while a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher.
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