BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell below the $28,000 level on Friday, as markets consolidated ahead of a key day of economic data.
BTC/USD slipped to an intraday low of $27,583.72 in today’s session, which comes a day after the price rose to a high of $28,683.53.
The decline came as traders were unable to sustain a breakout above the $28,500 level, following a nine-month high the day prior.
Overall, it appears that earlier bulls moved to secure gains, as the 14-day relative strength index (RSI) collided with a ceiling at 65.00.
As of writing, the index is tracking at the 60.84 level, which is marginally above a lower floor at 59.00.
BTC is now trading at $27,928.58, however, there will likely be some movement following this afternoon’s data release.
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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) continued to trade above $1,800 on Thursday, however sentiment shifted after it failed to sustain a breakout at a key point.
ETH/USD rose to a high of $1,827.28 on Thursday, which comes less than 24 hours after the price was at a low of $1,776.64.
Although marginally moving above its aforementioned ceiling at $1,825, ethereum bulls were unable to maintain upward momentum.
As of writing, ETH is trading at $1,800.78, which coincides with the RSI hovering around its recent resistance level at 58.00.
The index is currently tracking at 58.25, with a move below the 58.00 level almost certainly triggering further declines.
Momentum also appears to be slowing, with the 10-day (red) moving average nearing a downward crossover.
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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 back in the green in today’s session, with prices rising back above the $1,800 level.
ETH/USD rose to a high of $1,825.60 on Wednesday, which comes less than 24 hours after the price was below $1,700.
As a result of today’s rally, ethereum was able to briefly rise above a recent resistance point at the $1,820 level.
Price has since retreated from this point, which comes after the RSI collided with a ceiling at the 58.00 mark.
Although price strength is now tracking at 58.52, overall market momentum seems to be preparing for consolidation.
The 10-day (red) moving average (MA) is now trending sideways, and should the RSI fall back below 58.00, the chances of a downward cross with the 25-day (blue) MA will greatly increase.
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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 ) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States.
The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to hike rates marginally.
Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier today.
This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark.
As of writing, the index is tracking at the 64.27 level, marginally below its upcoming ceiling of 65.00.
Earlier gains have slightly eased as BTC edged closer to this point of resistance, with the price now trading at $28,423.03.
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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 Tuesday, after nearly climbing back above $1,800 to start the week.
Following a high of $1,797.88 on Monday, ETH/USD dropped to a bottom at $1,690.52 earlier in today’s session.
Similar to bitcoin, this decline sent ethereum to its weakest point since March 17, when prices fell to a floor at $1,666.
The drop comes following a drop in price strength, which saw the RSI move to its lowest level in two weeks.
As of writing, the index has now bounced back from this floor at 51.00 and is currently tracking at 54.50.
Overall, ETH is down 1.52% over the last seven 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 ) fell below $27,000 in today’s session, as markets reacted to the news that the CFTC had filed a lawsuit against Binance.
BTC/USD fell to an intraday low of $26,606.69 on the news, which comes a day after trading at a peak of $27,979.07.
As a result of today’s sell-off, the world’s largest cryptocurrency fell to its lowest level since March 17.
Looking at the chart, this drop comes after a recent floor at the $27,100 mark was broken, which coincided with the relative strength index (RSI) also experiencing a breakout.
As of writing, the index is now tracking at the 58.51 level, which is marginally below its support at 60.00.
Overall, bulls have somewhat reentered the market, and as of writing, bitcoin is trading at $27,126.85.
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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) largely consolidated on Monday, as prices moved away from a key price floor in today’s session.
ETH/USD jumped to a peak of $1,797.88 earlier in the day, which comes less than 24 hours after falling to a low of $1,748.44.
Since hitting a seven-month high of $1,861 last Thursday, the world’s second-largest cryptocurrency has mostly traded below $1,800.
Overall, ethereum is down 1.19% from the same point last week, with prices mostly moving between a floor of $1,730, and a ceiling of $1,820.
The 10-day (red) moving average has now begun to shift direction, with upwards momentum now fading.
Prices may continue to trend sideways heading into April unless some unexpected news moves markets.
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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 trading marginally higher, with prices hovering near the $28,000 level.
Following a bottom at $27,678.15 on Sunday, BTC/USD moved to a high of $28,178.14 earlier in today’s session.
The move saw bitcoin edge toward a recent resistance point at the $28,300 mark, which was last hit on Friday.
Overall, BTC mostly consolidated on Monday, which comes as the 14-day relative strength index (RSI) collided with a ceiling at the 65.00 zone.
As of writing, the index is tracking at the 64.51 level, with the next visible point of support at the 62.00 mark.
Should bulls take price strength below this point, there is a strong possibility that BTC could move below $27,000.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USD 4-hour update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) looking at Bitcoin’s recent price action, it can be seen that the intense bullish momentum has weakened while a confluence takes place between the Bitcoin bulls and bears at this specific price region.
Considering the psychological strength of the $30K price level, the most probable scenario for Bitcoin in the mid-term is to consolidate in a static range between $25K and $30K.
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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 edged lower to start the weekend, as prices continued to fall from a recent seven-month high.
ETH/USD dropped to a bottom at $1,730.35 in today’s session, which comes a day after hitting a high of $1,791.14.
The move pushed ethereum to its long-term floor at $1,730, with buys opting to buy the dip at that point.
This recent drop in price has pushed Ethereum’s RSI to its lowest point in two-week, with a current reading of 55.39.
Momentum still remains marginally bullish, as seen by the 10-day (red) moving average, however, should prices move below $1,730, that could change.
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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 weekend consolidating below the $28,000 mark, as market volatility eased on Saturday.
Following a high of $28,208.21 on Friday, BTC/USD moved to an intraday low of $27,039.27 earlier today.
As a result of the move, bitcoin collided with a floor at the $27,050 level, however, bulls have rejected a breakout below this point.
Today’s sell-off occurred as the relative strength index (RSI) fell below its own floor, at the 65.00 mark.
the index is now 62.75, with the next visible support point at the 60.00 mark.
Overall, BTC has rebounded from earlier lows, and at the time of writing, is trading at $27,655.15.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
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Reason for Analysis:-Litecoin (LTC) has been one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session.
LTC/USD raced to an intraday high of $91.70 in today’s session, a day after falling to a low of $79.95.
As a result of the move, LTC climbed to its strongest point since March 3, when the token reached a peak of $95.49.
Overall, the move has pushed the 10-day (red) moving average closer to an upwards crossover with the 25-day (blue) moving average.
Although some will be anticipating a cross, there appears to be a hurdle in place, which comes in the form of a ceiling on the relative strength index (RSI).
At the time of writing, the index is tracking at 55.35, which is marginally below the aforementioned resistance zone of 56.00.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Monero (XMR) has been one of today’s biggest gainers, with prices climbing to a four-week high.
Following a low of $152.16 on Thursday, XMR/USD raced to a peak of $163.10 earlier in the day.
As a result of the move, XMR climbed to its strongest point since February 20, when the token reached a peak of $168.70.
Looking at the chart, the move came as monero rose beyond a key resistance level at the $155.00 mark.
Earlier momentum has somewhat eased, which comes as the 14-day relative strength index (RSI) collided with a ceiling at 58.00
At the time of writing, the index is tracking at 58.84, with XMR marginally lower than its earlier high. It is now trading at $160.65.
This is not a piece of financial advice.
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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) briefly traded above the $1,800 level in today’s session, prior to colliding with a key resistance level.
ETH/USD rose to a peak of $1,853.89 late on Friday, which came following a prior low of $1,745.02.
This surge sent ETH to its strongest point since last August, pushing prices marginally above a ceiling of $1,850 in the process.
ETH bulls were unable to sustain this breakout, which has since given way to bears looking to short the market.
At the time of writing, ethereum is trading at $1,761.72, with the momentum of the moving averages still upwards facing.
This sentiment may soon shift, should the RSI break out of a floor at 56.00. The index is currently tracking at 56.62.
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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 $28,000 on Friday, as fears of further banking collapses pushed traders towards cryptocurrencies.
Following a low of $27,359.25 on Thursday, BTC/USD raced to an intraday peak of $28,729.84 earlier in today’s session.
The move came as the cost of insuring against a bank default spiked, leading to a resurgence of market uncertainty.
Overall, BTC has since slipped from earlier highs. However, prices are still higher than Thursday’s bottom.
As of writing, bitcoin is trading at $27,658.96, which comes as the relative strength index (RSI) dropped below a key floor at 65.00.
Currently, the index is tracking at 64.15, with the next visible point of support at the 60.00 mark.
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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 back in the red on Thursday, with prices moving below $1,800.
Following a high of $1,821.46 on Wednesday, ETH/USD declined to a low of $1,717.77 earlier in today’s session.
As a result of the slippage, ethereum neared a recent point of support at the $1,715 mark, however, bulls have so far rejected a breakout.
Looking at the chart, the 10-day (red) moving average remained in an upward trend, which could be a sign of future bullish momentum.
Price strength is currently tracking at 58.02, which is marginally above a floor at 57.00, resulting in ETH jumping from earlier lows.
At the time of writing, ethereum is tracking at $1,756.34.
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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 ) dropped below $28,000 on Thursday, as markets continued to react to the latest Federal Reserve rate hike.
The Fed moved to increase rates by 25 basis points, whilst signaling that no cuts will be made this year.
BTC/USD fell to an intraday low of $26,760.00 on the news, which comes a day after trading at a peak of $28,803.34.
From the chart, the decline appears to have come as a result of the relative strength index (RSI) failing to break out of a ceiling at 72.00.
As of writing, the index is tracking at 66.54, with the next visible point of support at the 62.00 mark.
Overall, prices are still relatively overbought, which could lead to further bears reentering the market in the coming days.
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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 back in the green on Wednesday, following a brief stint of consolidation the day prior.
ETH/USD moved to a high of $1,836.29 on hump-day, which comes less than 24 hours after trading at a low of $1,761.67.
Similar to bitcoin, Wednesday’s rally in price saw ETH near a recent high of $1,846, which is its strongest point since last August.
The 10-day (red) moving average (MA) has continued to trend upwards, extending its crossover with the 25-day (blue) MA.
However, price strength seems to be a barrier to further gains, with the index now tracking below a ceiling at 64.00
In order for bulls to extend gains, there will likely need to be a breakout of the aforementioned resistance level.
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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 ) closed in on a fresh nine-month high in today’s session, as markets continued to anticipate today’s Federal Reserve rate decision.
Following a low of $27,785.11 on Tuesday, BTC/USD surged to an intraday peak of $28,439.56 earlier today.
The move sees bitcoin move back towards a recent nine-month high, recorded earlier in the week.
This latest surge in price comes as the 14-day relative strength index (RSI) attempted to break out of a ceiling at 72.00
As of writing, the index is tracking at 71.70, which is its highest reading since early February, and deep in overbought territory.
Traders are likely waiting for this afternoon’s announcement prior to attempting to move beyond this point.
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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) remained below $1,800 for the second straight session, following a recent climb into overbought territory.
ETH/USD fell to an intraday low of $1,725.01 on Tuesday, a day after trading at a peak of $1,788.13.
Despite a recent upward crossover of the 10-day (red) and 25-day (blue) moving averages, it appears that momentum has shifted.
From the chart, it appears that this coincides with the RSI falling back below a point of support at 61.00
At the time of writing, the index is tracking at 60.74, with ethereum slightly higher, and the asset is currently trading at $1,762.33.
In order for bulls to recapture the $1,800 mark, this ceiling on the RSI must first 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 ) was once again trading below $28,000, as traders consolidated recent gains ahead of the upcoming FOMC meeting.
Following a high of $28,352.76 to start the week, BTC/USD fell to an intraday low of $27,439.65 earlier today.
The move sees bitcoin move away from its recent nine-month high, ahead of tomorrow’s rate decision, which will likely lead to increased market volatility.
One sign of this uncertainty comes as the 14-day relative strength index (RSI), which failed to move beyond a ceiling of its own.
As of writing, the index is tracking at 71.47, which is marginally below a resistance level of 72.00.
BTC has since risen back above $28,000 however, with price swings likely to persist throughout the course of the day.
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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) consolidated recent gains during Monday’s session, as prices fell below $1,800.
Following a high of $1,843.84 on Sunday, ETH/USD dropped to a bottom at $1,744.86 to start the week.
This drop comes as ethereum bulls appeared to be securing recent gains, days after ETH rose to its highest point since last August.
Overall, some are attributing the decline to the RSI, which fell below a long-term ceiling at the 66.00 mark.
At the time of writing, the index is tracking at 63.74, with a floor at 62.00 a possible 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 ) started the week trading above $28,000, as markets responded to the deepening global banking crisis.
The coordinated action by several major G7 central banks comes as Credit Suisse was bought out by rival UBS, a move engineered by Swiss authorities.
BTC/USD jumped to an intraday peak of $28,527.72 earlier today, which comes a day after trading at a low of $27,196.76.
As a result of the rally, bitcoin climbed to its strongest point since last June, with many now anticipating a move above $30,000.
Overall, this surge has sent prices into overbought territory, with the 14-day relative strength index (RSI) now tracking at 72.73.
The next visible point of resistance appears to be at 75.00, and should this be hit, there is a strong chance BTC will be at $30,000.
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