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BTC/USDT SHORT UPDATE !!BTC/USDT is trading at $61,295, showing a 1.52% increase as it attempts to break above a key resistance zone. The price is still within a descending triangle pattern, and a breakout above this resistance could signal a potential trend reversal. Key support remains at $52,408, while RSI is currently showing a slightly bullish momentum, but caution is advised as the overall trend remains uncertain. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
Long
by CryptoSanders9563
3
BTC/USDT 4HOUR 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. It was falling inside the descending channel. Nevertheless, the market has finally broken the higher boundary of the channel and is currently testing the 63K – 65K zone. If the level is broken, a rise towards previous highs around 74K and beyond would be imminent. Meanwhile, if the price drops back inside the channel, things could worsen as it would signal a false breakout and a fall back to the 60K level in the short term. 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 UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin’s recent price action reflects a positive uptrend with its value piercing through the 37,000 resistance zone yesterday only to settle at just above that range. The oscillators present a mixed bag of signals with the relative strength index (RSI) at a high 83, suggesting that BTC may be entering overbought territory despite a neutral stance. Meanwhile, the Stochastic holds at 74, maintaining neutrality, and the commodity channel index (CCI) stands at 162, hinting at a continued bullish run albeit within a neutral zone. Moving averages for bitcoin reveal a strong consensus for bullish sentiment. The exponential moving averages (EMAs) and simple moving averages (SMAs) across various time frames (10, 20, 30, 50, 100, and 200 days) all signal bullish sentiment. This unanimous direction indicates a firm trend upwards, with shorter-term EMAs like the 10-day at 35,481 reinforcing recent gains and longer-term averages such as the 200-day EMA at 28,496 confirming a solid upward trajectory over a more extended period. The potency of Bitcoin’s bullish trend is further evidenced by its market behavior, showing a strong 7.5% increase over the last week and an impressive 34.9% rise over the past month. Such momentum will likely attract a speculative surge, driving prices to new heights before any potential corrective actions take root. Investors may view this as a testament to Bitcoin’s resilience and a beacon of its inherent value proposition amidst the market’s ebb and flow. 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 CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) tracked close to a support point of 1,630 for a fourth straight session, as traders continued to fight to secure market momentum. Following a low of 1,611.15 on Wednesday, ETH/USD spiked to a peak of 1,656.93 earlier in the day. Price has since slipped, with the world’s second-largest cryptocurrency now trading around the 1,626.20 level. The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00. the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure. A move below 1,600 remains a real possibility for the coming days. 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
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin was trading below 26,000 on Labor Day, as volume in the cryptocurrency market was mostly lower. BTC/USD slipped to an intraday low of 25,817.03 to start the week, following a high of 26,087.15 the day prior. The decline pushed Bitcoin closer to a collision with support at $25,600, however, bulls have so far rejected this retracement. This comes as the 14-day relative strength index (RSI) found a floor of its own at the 35.00 mark, helping to ease the bearish pressure. the index is now tracking at 37.16, with the next visible resistance point at 43.00. In the event that this ceiling is broken, BTC bulls will likely make advancements toward 28,000. 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
Long
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) briefly rose above the 1,900 level in today’s session, after falling towards a support level of 1,830 on Monday. Following a low of 1,840.22 to start the week, ETH/USD jumped to a peak at 1,905.36 earlier in the day. with the world’s second-largest cryptocurrency once again falling below the 1,900 level. ETH is trading at 1,881.79, with the RSI marginally below a resistance level of 58.00. momentum is bullish, following a recent crossover between the 10-day (red) moving average, and its 25-day (blue) counterpart. Should this cross mature, there is a good chance that ETH will not only move above 1,900 but closer to 2,000. 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
by CryptoSanders9563
2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH), for its part, was unable to remain above a key price level of 1,900 during Monday’s session. Following a high of 1,920.08 on Sunday, ETH/USD dropped by 2% today, hitting a bottom of 1,870.30 in the process. The cryptocurrency has since marginally rebounded, and as of writing is trading at 1,882.04. A key reason for the turbulence remains the fact that price strength has been unable to move past a ceiling of 61.00. momentum in ethereum has turned bearish following a failed attempt to move above a ceiling of $1,930. the RSI fell below a floor at 58.00, with a current reading of 57.75. 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