BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#BTC/USDT ANALYSIS:- Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550.
Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 earlier today.
Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900.
Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far.
Looking at the chart, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come.
In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#ETH/USDT ANALYSIS:-Ethereum
Ethereum (ETH) also surged to start the week, with the token climbing for a second straight session.
After a brief breakout below its floor of $1,275 on Saturday, Ethereum has put together a run of back-to-back gains.
Today’s surge has seen the token peak at $1,322.33, which comes a day after it was hovering around the $1,281.29 mark.
Despite today’s gains, momentum in ETH/USD continues to be bearish, with the 10-day (red) and 25-day (blue) moving averages trending downwards.
Bulls will likely be tentative to enter at this point, as we near a ceiling of $1,330, with the RSI, also nearing an obstacle.
As of writing, the index is tracking at 45.87, slightly below a ceiling of 46.00.
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#BTC/USDT 6HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#BTC/USDT ANALYSIS
BTC is trading in a descending triangle in between the marked rectangular channel. A successful breakout of the descending triangle will target the horizontal resistance around $20,500 which is the main level for bulls to break for the confirmation of a bullish trend in the market.
If BTC breakdown the descending triangle then it will target the horizontal support of $18,500, which is the key level for bears to break below it with a retest for the confirmation of a downward move.
The weekly candle closed as an indecisive candlestick. Other financial markets will open today and a new Monday range will form that will also clear further price movement.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Ethereum (ETH):-After a very volatile week, Ethereum has managed to remain within its existing channel, closing the past seven days with a 1.4% loss. ETH found good support at $1,250 despite a long wick that violated this level briefly on Thursday. The resistance remains at $1,400.
The price appears to be taking its time before an attempt to break away from this long consolidation period that started in late September. Today’s daily candle is a bullish engulfing one which signals that buyers may attempt to retest the key resistance soon.
Looking ahead, ETH may continue to bounce between the key levels in its current channel. A clean breakout from one of these levels would change the current trend that has kept the price in a sideways movement. This equilibrium in market forces is atypical for Ethereum, and once that changes, the volatility will increase.
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#BTC/USDT 2DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE:- BTC has done a breakout of the falling wedge and retesting above it, where horizontal support is also acting as good support.
Currently, it is facing MA21 resistance around $20,000 and a break above it with a candle close or retest would be the confirmation of change of trend in BTC.
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#XRP/USDT 1DAY UPDATEHello, welcome to this XRP/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Ripple (XRP)
Ripple has managed to sustain a price above the key support at $0.44. This allowed it to close the past seven days in green with a modest 1.5% price increase. The key resistance continues to hold at $0.56.
Yesterday’s price drop and volatility did not shake buyers, and this cryptocurrency remains on the offensive, with buyers continuing to show strength when other altcoins, such as Cardano, have lost their key support level. For this reason, XRP remains bullish.
Looking ahead, bulls may attempt to break away from the key resistance at $0.56, which would open the path for XRP to rally toward $0.70 and above. Until this happens, buyers need to be on their guard, as sellers will capitalize on any weakness as the price approaches the resistance.
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ADA/USDT 1 DAY UPDATEHello, welcome to this ADA/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Cardano (ADA)
Cardano suffered a massive breakdown this past week, losing almost 11% of its valuation in the past seven days. On Monday, the key support at $0.43 failed to hold the assault from bears, and ADA quickly tumbled lower. This led to four days of non-stop selling.
Buyers finally managed to stop the downtrend yesterday when ADA found support around $0.35. Considering the latest price action, the cryptocurrency is facing resistance at $0.40 and $0.43, and buyers appear weak. The trend remains firmly in favor of the bears, with the price making lower lows and lower highs.
ADA is the worst performer on our list this week, and the only hope for the bulls is if sellers become exhausted, which could provide this cryptocurrency with an opening to recover some of the losses next week. The indicators on the daily and lower timeframes appear oversold, which could turn out to be bullish.
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BNB/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BNB/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Binance Coin (BNB)
Binance Coin was well defended by the bulls at the key support of $260. For this reason, it only lost 3.5% of its valuation in the past seven days, and now buyers appear to have the upper hand. The key resistance levels are found at $280 and $300.
It is crucial for BNB not to lose the support at $260 as that would allow the bears to take full control of the price action. Until this point, buyers have remained firm, and they may even attempt a test of the resistance at $280 if market conditions allow it.
This cryptocurrency continues to show strength and resilience despite the turbulent market. This is bullish, and so long the key support does not fall, buyers could take advantage of any weakness from the sell side. Bulls could even take BNB back towards $300, which may become a decisive pivot point on where Binance Coin is headed next.
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#SOL/USDT 1DAY UPDATE !Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Solana (SOL)
If ADA failed at its key support this past week, Solana did not. Yesterday, buyers rescued the cryptocurrency at the $30 support level and even managed to push the price toward $32 today. This was a show of strength that was unexpected. Despite these efforts, SOL still lost 5.6% of its valuation in the past seven days.
The resistance is at $34, and Solana appears keen to return on the uptrend considering yesterday’s price action. It may take a while for it to reach $34, but this seems more likely at this point. To do so, it is very important for its price to close in the green today and maintain this momentum.
Looking ahead, Solana has only one mission: defend the $30 support level at all costs. If bears show any weakness, then the cryptocurrency can even attempt a break above $34, which would put an end to this consolidation that lasted since September.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -The pair is approaching the support of the descending line (in green) on the 4-hour chart, which is about $18K. Touching this support in prior downward waves has coincided with price movement toward the diagonal resistance. If history repeats again, the potential of reclaiming the $19K would be high. Otherwise, the daily support of around $17.6K is what most of the speculators have their eyes on.
It should be highlighted that if the price closes over $19.6K in this timeframe, the hopes for bulls to enter the market will be revived.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
ethereum UPDATE:- (ETH) has remained mostly lower in today’s session, with the token unable to rebound from earlier declines.
ETH/USD slipped to an intraday low of $1,272.98 on Tuesday, which sees the world’s second largest cryptocurrency hit its lowest point in over a week.
After threatening to break out of its floor of $1,300 on Monday, bearish pressure intensified today, ahead of the inflation report from the United States.
As of writing, ethereum continues to trade below $1,300, however prices have moved away from the earlier low.
Today’s move has pushed the 10-day (red) moving average closer to an upwards crossover with its 25-day counterpart.
Bulls will likely be using this as a sign to reenter the market in coming days, thus sending prices back above $1,300, and closer to $1,400.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) fell below $19,000 for the first time in over a week in today’s session, as the U.S. dollar rose in strength.
USD climbed to its highest point in nearly two weeks versus several of its G7 counterparts, ahead of Thursday’s inflation report.
As a result, BTC/USD slipped to an intraday low of $18,984.66 earlier in the day, which is its weakest point since October 3.
Looking at the chart, today’s drop in price sees the token fall marginally below its key support point of $19,300.
In addition to the price, the 14-day relative strength index (RSI) also dropped below a floor of 45.80, and as of writing, is tracking at 44.67.
Bitcoin bulls have since reentered, and pushed the token back above $19,000, however prices are still below the aforementioned support point.
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#NEAR/USDT 1DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Near protocol (NEAR) was another notable mover on Tuesday, as the token also hit a three-month low.
Following a high of $3.54 to start the week, NEAR/USD slipped, dropping to an intraday low of $3.12 earlier today.
This sell-off pushed the token to its lowest point since July 13, which is the last time prices were trading at the support of $3.00.
Looking at the chart, the RSI is now also oversold and is currently tracking at 31.15 as of writing.
Historically, at current levels, bulls typically begin to circle, looking for an opportune moment to buy.
We’ve seen some signs of this already, with NEAR now moving away from earlier lows, and trading at $3.19 as of writing.
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#ETC/USDT 1DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Ethereum Classic (ETC) continued to trade close to a three-month low on Tuesday, after hitting this mark to start the week.
Yesterday, the token hit a three-month low of $23.10, and 24 hours later, prices remain near this point.
Following a move to a high of $24.31 earlier today, ETC/USD once again moved lower, dropping to a bottom of $23.73 in the process.
This week’s low saw ETC move below a key floor of $23.20, which has been in place since mid-July.
In addition to price, the 14-day relative strength index ( RSI ) has also hit a multi-month low following the bear run.
For traders looking to buy the dip, this is potentially a positive sign, as we are firmly in bearish territory, and could eventually see bulls choose to reenter the market at this point.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -4-hour timeframe, the price has been stuck in a static range between the $21K level and the $18.5K level for quite some time now. Meanwhile, Bitcoin has been forming a bearish wedge pattern (as displayed in the chart below).
The price formed a double-top pattern, was rejected from the $20.5K resistance level, and is now testing the lower threshold of the wedge.
In the event of a decline, the market would aim for the essential $18K support level, which may be breached and fall even deeper. On the other hand, the upper edge must be broken upward to invalidate the bearish wedge.
In conclusion, the multi-week descending trendline is currently the main barrier in BTC’s path toward the $21.5K and $25K levels.
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#BTC/USDT 2DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -
BTC is moving in a descending triangle on higher time frames and still, there is indecision in the market. BTC volatility indicator is showing that volatility is at the shallow point and we can expect a big move anytime from here also The US Consumer Price Index is scheduled for release on the 13th of October which will definitely impact the market.
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BTC/USD 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report.
Following the better-than-expected jobs report, BTC/USD fell to an intraday low of $19,395.79 earlier in the day.
The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low.
Looking at the chart, the 14-day relative strength index (RSI) has also dropped and is also approaching a floor of 45.70.
Despite moving closer to this bottom, the 10-day (red) moving average has recently crossed over its 25-day (blue) counterpart, which is typically a sign of bullish momentum.
Should BTC move to its floor of $19,200, there will likely be an influx of bulls looking to buy this dip, sending prices higher as a result.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE:-ETH was supported by the ascending line (in green) again, and increased investor confidence prevented the price from closing below it. The chart currently shows no notable signs of bullish momentum as the sideways trend continues for a second week.
The first obstacle is to break $1,500. (in red). This resistance results from the descending line (in yellow) and the 100-day moving average line (in white) colliding. If the ETH can clear this hurdle, the path to $2000 will be clearer.
As long as Ethereum trades below $1,500, a retest of the green support is not ruled out. Closing below this level may take the asset to the next support level at $1,000.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: As stated, Bitcoin is trapped in a consolidation zone between the $18K support level and the substantial resistance at $25K. Meanwhile, the cryptocurrency has initiated a rally towards the descending wedge’s upper trendline.
However, Bitcoin is forming a potential double-top pattern, a well-known bearish pattern. If the neckline is broken, Bitcoin could experience a fall to the $18K level again. Considering the power of the $20K-$21K range and the formation of this double-top pattern, the price will likely fail to surpass the trendline and plunge towards lower price levels.
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#BTC/USDT 2DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: BTC breakout long descending trendline, retesting above it and trying to break the MSB level at $20,400.
BTC made a high of $20,475 with a wick, and bulls need a decent volume to breakout this resistance with a good candle close above it to proceed with the bullish force.
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#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE:-Bitcoin is now testing the resistance area. If BTC is able to break above this resistance then we see a move towards the $21,500 area. If BTC is rejected from here then we see a downward move towards the major support of the $18,000-$18,500 area.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE:-BTC again bounced from the 2nd bottom and ascending trendline support that is showing bulls' strength. It is also consolidated in a symmetrical triangle.
MSB (market structure break) level for BTC is $20,400. Here the best play is to play level to level and sit tight for a strong break above MSB level for the bullish affirmation.
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BITCOIN.DOMINANCE 2DAY UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC .D UPDATE:-BTC.D bounced from the horizontal support, currently facing local resistance and trying to break it.
An upward direction is expected if it successfully breaks out the local resistance. If it happens then we've to be cautious with ALTS.
Another possible scenario is a continuous rejection that would lead to the formation of a double top pattern, which would give a relief rally in ALTS.
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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