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BTC/USD weekly time frame UPDATE !!Hello, welcome to this BTC /USD weekly time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls. Currently, the bulls are facing the previous lower high resistance at $21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) also hit a two-month high in today's session, with its price trading in the green for the seventh day in a row. After hitting a low of $1,404.82 on Friday, ETH/USD moved to a one-day high of $1,558.25 on Saturday. Like bitcoin, this rally has sent the world's second-largest cryptocurrency to its highest point since November 5. Overall, Ethereum is now trading 23% higher over the past seven days. The move comes in the form of a crossover of the 25-day (blue) counterpart of the 10-day (red) moving average. Despite this bullish momentum to start the weekend, many still expect some reversals in the coming days. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) surged for the sixth straight session to start the weekend, as the price moved above the $21,000 level. BTC/USD climbed to a peak of $21,054.38 earlier in today's session, which comes after the price hit a low of $18,793.66 on Friday. This jump in price saw bitcoin add up to 10% to its value over the past 24 hours, reaching its strongest point since November 5th in the process. Looking at the charts, the rally came as the 14-day Relative Strength Index (RSI) continued to rally. It is now tracking at 89.22. Typically, a reading of 70.00 is seen as overbought, and with this print, which is its highest point in two years, we are deep in bear territory. When the price moves higher, many expect bearish sentiment to increase, as traders begin shorting the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) also moved up significantly on Friday, pushing its price above the $1,400 mark. ETH/USD touched a high of $1,599 in today's session, less than a day after trading at a low of $1,447 Like bitcoin, this jump in price has pushed Ethereum to its highest point since November 8, when it reached a high of $1,599. From the charts, the ETH price is now deep in the overbought zone, with the RSI index tracking at the level of 75.54. Earlier gains have started eroding, as previous bulls have started taking profits in anticipation of a momentum reversal. At the time ETH/USD is trading at $1,552.60. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) climbed to a two-month high in today's session as the price climbed above the $21000 mark. After a low of $17,995.20 on Thursday, BTC/USD rose to a high of $19,031.80 at the beginning of the day. As a result of this move, the world's largest cryptocurrency climbed to its strongest point since November 8, when the price was above $21,000. Looking at the charts, the rally peaked at 82.00 with the 14-day Relative Strength Index (RSI), its highest level in over a year. Moreover, the upside trend continues to mature at the 10-day (red), and 25-day (blue) moving averages, thus adding to the bullish momentum. Nevertheless, prices are now well beyond overbought, which could mean the bears are hiding and preparing for re-entry. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 8HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC bounces off the cup and holds support after a successful retest BTC has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is trading in an upside cup shape. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
2
UNI/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this UNI/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Uniswap (UNI) was another notable gainer on Friday, as prices rose for a fourth straight day. UNI/USD raced to a peak of $6.02 earlier in the day, which comes less than 24 hours after falling to a bottom of $5.73. This move sees the uni swap edge closer to a recent high of $6.40, which was last hit on Nov. 16. As a result of these recent gains, UNI is now almost 11% higher in the last seven days, with the RSI tracking near a one-month peak. The index is currently at 53.25, which is its strongest point since Nov. 6, and this comes as the moving averages of 10-days (red) and 25-days (blue) look set for an upwards crossover. Should this occur, we will likely see UNI bulls target a resistance level of $6.50. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
AVAX/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this AVAX/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report. AVAX/USD moved to a peak of $16.11 earlier in the day, which comes less than 24 hours after falling to a bottom of $12.41. Thursday’s spike in price pushed avalanche to its highest point since November 8, when the price was at a peak of $18.15. Looking at the chart, earlier gains have somewhat eased, with AVAX now trading at $15.18. This came as the 14-day relative strength index (RSI) failed to break out from resistance at the 80.00 level. As of writing, the index is now tracking at 69.94, which is still deep in overbought territory. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
DOT/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this DOT/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Polkadot (DOT), was another big gainer in today’s session, with prices moving closer to a four-week high. Following a low of $4.84, DOT/USD managed to reach an intraday high of $5.16 earlier on Thursday. As a result of this move, DOT broke out of a key resistance level of $5.15, hitting its strongest point since December 16 in the process. As can be seen from the chart, the 14-day RSI has failed to move beyond its long-term ceiling of 68.00 and has since slipped lower. Price strength is now tracking at 63.10, with DOT declining from its earlier peak, and the asset is trading at $5.09. In order for the token to continue to move higher, there will first need to be a rally above its 68.00 points on the RSI. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BINANCE:DOTUSD
by CryptoSanders9563
1
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) was also significantly higher in today’s session, with prices moving to a two-month high. Following a low of $1,323.58 on Wednesday, ETH/USD jumped to a peak of $1,408.13 earlier in the day. As a result of this rally, the world’s second-largest cryptocurrency is now trading at its strongest position since November 8. Like with bitcoin earlier, the move has occurred as the RSI broke out of a ceiling at 69.00, and it is currently tracking at 75.89. In addition to this, the 10-day (red) moving average has continued its upwards crossover versus its 25-day (blue) counterpart. Should this momentum maintain this trajectory, then the next target for bulls will likely be a ceiling of $1,470. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices. BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99. Today’s move saw bitcoin climb to its strongest point since December 14, when prices were at a peak of $18,385. Looking at the chart, the rally took place as the 14-day relative strength index (RSI) continued to move deeper into overbought territory As of writing, the index is now tracking at 75.98, which is its highest mark since October 2021. Depending on this afternoon’s inflation rate, there could be a reversal in BTC, as earlier momentum may have already peaked. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
6 Reliable Bullish Candlestick PatternHello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. 6 Reliable Bullish Candlestick Pattern 1) The Hammer 2) Bullish Engulfing Crack 3) Bearish Engulfing Sandwich 4) Morning Star 5) Tweezer Bottom 6) Piercing Line 1. The Hammer:- Hammer is a bullish candlestick reversal candle. Which is formed within the next few candles. As the price declines sharply, we anticipate a final bounce. But how can we estimate without falling into overselling? That's where Hammer comes into play. This gives us evidence that the selling pressure is subsiding or being absorbed. Furthermore, if the volume signature associated with the hammer candle is significant, it adds even more confidence to our thesis. We are looking to cash in on shorts who are taking profits and covering, as well as dip buyers who are taking chances here on oversold positions. Expectation? an assembly. Ideally, you identify a hammer candle, take a long position on a break on the upside of the candle, and set risk on the low or in the body of the hammer. Bullish Hammer Example;- Let’s look at a real-life example with BTC. Right off the open, BTC retests the lows from the pre-market. Once it reaches those levels, volume increases slightly as it reverses on the 5-minute chart seen here. Visibly, there is a “shelf” forming near the low of the hammer candle’s body. The bar to the left and right is also closed and open in that price “shelf” area. The second 5-minute chart opens with a bit of weakness, then rallies strongly above the Hammer candle. This is your signal to go long. The break of the Hammer candle body. Set the stop below the close of this bullish 5-minute candle. 2. Bullish Engulfing Crack:- You can imagine that shorts will start covering given the rising price of the stock. This adds fuel to the already existing buying pressure. The result is a bullish candlestick pattern that swallows up the bears' efforts. For the long-biased trader, the opportunity is perfect. As is the case with any setup, we are looking for evidence to sway our confidence in either direction. The fact that the bears completely got away in this single bar is proof enough for us. You go long on the break of the previous bar and set the stop on the low. Bullish Engulfing Examples:- Here's a snapshot of BTC, which provided us with a beautiful opening range breakout (ORB) opportunity right out of the gate on this particular day: After the selloff, buyers come in and remove the selling pressure from the pre-market, engulfing the bears before moving up. To be safe, you enter long when the red candle breaks, setting your risk at the low level or body of the first green candle. There are some advanced traders who are more aggressive and may take their positions early if they feel a reversal is imminent. 3. Bearish Engulfing Sandwich:- do not be confused. Just because the name says "bearish" doesn't mean it's a bearish pattern. Far from it, actually. It is often referred to as a stick sandwich. The name is derived from the sandwiching of a "bearish engulfing" candle by two bullish candles. Thus, it is a bullish candlestick pattern in this context. Similar to the above example of a Bullish Engulfing Crack, this pattern takes a bit longer to "move through" so to speak. Essentially an extra bar. The perception is that the trend has reversed and we are now going down. After all, the bearish engulfing candle gives us that confidence, If you're on the smaller side, there's hope. However, stocks don't always do what we want them to. We have to react to what the market gives us, not what we think should happen. In this case, the Bearish Engulfing Crack is used by two bullish candles that move upwards. If you are short, hopefully, you have respected your stop loss. If you are a long-time bias, here is a good opportunity for you. Bearish Engulfing Sandwich Example:- After opening with a 5-minute candle chart, BTC gives a great view of it in real-time. In this case, the right side of the sandwich acts similarly to the Bullish Engulfing Crack candlestick pattern. For all intents and purposes, you should treat your entries and risk according to the same pattern. 4. The Morning Star:- Morning Star should gap down. It's difficult to find on an intraday basis. For this reason, we are good enough for a solid Doji candle reversal pattern. The opening candle should be long-bodied and bearish. The middle candle is the one with the smaller body. A reversal candle is another bullish candle with a long body (usually gaping up). The close of this bullish long-bodied candle should be above the midpoint of the first candle. Without much selling pressure, the candlestick climbs to higher prices as sellers cover and buyers take advantage of discounted stock pricing. Morning stars can also appear as morning Doji stars. They look almost identical except for the body of the middle candle. The story of buyers and sellers remains the same. Bullish Morning Star Example:- You can see this in action with the BTC example below. A long-body bearish candle, followed by a narrow-body indecision candle. The bulls take control of the next candle and the rest is history. It is worthwhile to note the volume of the first candle. We cannot assume that this is a complete recession. As you can see, there is buying pressure at lower levels. When a Doji candle is formed, it gives us confidence. As a result, as soon as the price moves away from the lower level of the green candle; It does this in small amounts. How can we explain that? It took less effort to increase the price. Therefore, we can assume that the reverse is "ease of movement". This should give us confidence in our long position. 5. Tweezer Bottom:- The Tweezer Bottom Bullish candlestick pattern consists of two candles – usually with small bodies. The first should be a red/bearish candle, and the second a green/bullish candle. Theoretically, the Tweezer Bottom alerts the chart reader to the fact that an attempt is being made to push the price down, but to no avail. Two smaller-sized candles represent the presence of demand in the market. Supply is being absorbed keeping candles short in the presence of selling pressure, so the volume sign will appear higher. Entry should be taken as soon as the price breaks through the second candle. Stops can be set on the lows. Bullish Tweezer Bottom Example:- BTC is displaying a beautiful tweezer bottom candlestick pattern for us on the 5-minute chart. Note the narrow bodies of the two candlesticks, their symmetry, and the close range from red to green. The volume of this first red Doji is particularly interesting. Note how high it is here. Given the context, we can interpret this as an absorption of supply. The second candlestick (green) then rapidly decreases in volume. Thus, our thesis is confirmed that sales are absorbed and eliminated. 6. Piercing Line:- The piercing line may look similar to a bullish engulfing pattern. The exception is that the piercing line does not completely encircle the previous candle. It is still considered a bullish candlestick pattern as it overcame the downward momentum to close at least midway in the body of the previous candle. It pierces the bottom line but inevitably retraces. Bullish Piercing Line Example:- Piercing lines may present a greater risk to reward at lower levels of support. They can also act as a spring in the trading range. This 5-minute chart of BTC shows the combination of an opening range breakout (ORB) with a piercing line. Together, it's a combination that can really add confidence to our entryways. As with any setup, the more evidence we have to confirm our bias and plan, the better. For this reason, it is always good to ask yourself: Are the trends in my favor? Is it time for a change? Does the volume confirm my thesis? Is the stock in an area of support or resistance? Are the multiple timeframes in line with my view? Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
7
The 4 Most Common Indicatorshello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. Trend traders attempt to isolate and extract profit from trends. The method of trend trading tries to capture gains through the analysis of an asset's momentum in a particular direction; there are multiple ways to do this. Of course, no single technical indicator will punch your ticket to market riches; in addition to analysis, traders also need to be well-versed in risk management and trading psychology. But certain strategies have stood the test of time and remain popular tools for trend traders who are interested in analyzing certain market indicators. Moving Averages:- Moving Averages:- Moving Average is a technical analysis tool that smoothes price data by creating a continuously updated average price. On a price chart, the moving average forms a single, flat line that effectively eliminates any variation due to random price fluctuations. The average is taken over a specific period of time—25 days, or any time period that the trader chooses. For investors and long-term trend followers, the 200-day, 100-day, and 50-day simple moving averages are popular choices. There are many ways to use moving averages. The first is to look at the angle of the moving average. If it is moving mostly horizontally for an extended period of time, the price is not trending, it is ranging. A trading range occurs when a security trades between high and low prices consistently for a period of time. If the moving average line is in an upward direction, then an uptrend is underway. However, moving averages do not make predictions about the future price of a stock; They simply reveal what the price is doing on average over a period of time. Another way is to use crossover moving averages. By plotting the 200-day and 50-day moving averages on your chart, a buy signal occurs when the 50-day crosses above the 200-day. A sell signal occurs when the 50-day crosses below the 200-day. When the price moves above the moving average, it can also be used as a buy signal, and when the price moves below the moving average, it can be used as a sell signal. However, the price is more volatile than the moving averages, so this method is more prone to false signals, as shown in the chart above. Moving averages can also provide support or resistance to the price. Moving Average Convergence Divergence (MACD):- Moving Average Convergence Divergence (MACD):- The Moving Average Convergence Divergence (MACD) is a type of oscillating indicator. An oscillating indicator is a technical analysis indicator that oscillates over time within a band (above and below the centerline; the MACD oscillates above and below zero). It is both a trend-following and momentum indicator. A basic MACD strategy is to look at which side of the MACD line is zero in the histogram below the chart. If the MACD lines are above zero for a sustained period of time, there is a possibility of an uptrend for the stock. Conversely, if the MACD lines are below zero for a sustained period of time, the trend is likely to be down. Using this strategy, potential buy signals occur when the MACD moves above zero, and potential sell signals when it moves below zero. Signal line crossovers can also provide additional buy and sell signals. The MACD consists of two lines – a fast line and a slow line. A buy signal occurs when the fast line crosses through and above the slow line. A sell signal occurs when the fast line crosses through and below the slow line. Relative Strength Index (RSI):- Relative Strength Index (RSI):- The Relative Strength Index (RSI) is another oscillating indicator, but its movement ranges between zero and 100, so it provides different information than the MACD. One way to interpret the RSI is to view the price as "overbought" - and due to a correction - when the indicator is above 70 in the histogram, and to view the price as oversold - and due to a bounce - when the indicator is below 70. is 30. In a strong uptrend, the price will often reach 70 and above for sustained periods of time. For a downtrend, the price may remain at or below 30 for a long period of time. While general overbought and oversold levels can sometimes be accurate, they may not provide the most timely signals for trend traders. One option is to buy near oversold positions when the trend is up and short near overbought positions in downtrends. For example, suppose the long-term trend of a stock is up. A buy signal occurs when the RSI crosses below 50 and then crosses back above it. Essentially, this means that the price has come down. Hence the trader buys when the pullback appears to be over (according to the RSI) and the trend is resuming. The 50-level is used because the RSI typically does not reach 30 in an uptrend unless a potential reversal is taking place. A short-trade signal occurs when the trend is down and the RSI moves above 50 and then moves back below it. Trendlines or moving averages can help establish the direction of the trend and in which direction to take trading signals. On-Balance Volume (OBV):- On-Balance Volume (OBV):- Volume is a valuable indicator in its own right, and on-balance volume (OBV) takes important volume information and compiles it into a single-line indicator. The indicator measures cumulative buying and selling pressure by adding volume on "up" days and decreasing volume on "down" days. Ideally, the volume should confirm the trends. With an increasing price there should be an increasing OBV; With a falling price, the OBV should also fall. If the OBV is rising and the price is not rising, it is likely that the price will follow the OBV in the future and start rising. If the price is rising and the OBV is flat-lining or declining, the price may be nearing the top. If the price is falling and the OBV is flat-lining or rising, then the price may be nearing the bottom. The Bottom Line:- In addition to providing trend trading signals and warnings about reversals, indicators can simplify price information. The indicators can be used on all time frames, and for the most part, they have variables that can be adjusted to suit each trader's specific preferences. Traders can combine indicator strategies - or come up with their own guidelines - so the entry and exit criteria for trades are clearly established. Learning to trade indicators can be a difficult process. If a particular indicator appeals to you, you may decide to do further research on it. Most importantly, it is a good idea to test it before using it to trade live. And for those who have never actively traded before, it is important to know that opening a brokerage account is an essential first step in gaining access to the crypto market. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
5
What's the Difference? Fundamental vs TechnicalHello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. Fundamental vs. Technical Analysis:- Fundamental and technical analysis are two major schools of thought when it comes to approaching the markets, yet are at opposite ends of the spectrum. Investors and traders use both to research and forecast future stock prices. Like any investment strategy or philosophy, both have advocates and adversaries. Fundamental Analysis:- Fundamental analysis evaluates stocks by attempting to measure their intrinsic value. Fundamental analysts study everything from the overall economy and industry conditions to the financial strength and management of individual companies. Earnings, expenses, assets, and liabilities all come under scrutiny by fundamental analysts. Technical Analysis:- Technical analysis differs from fundamental analysis, in that traders attempt to identify opportunities by looking at statistical trends, such as movements in a stock's price and volume. The core assumption is that all known fundamentals are factored into the price, thus there is no need to pay close attention to them. Technical analysts do not attempt to measure a security's intrinsic value. Instead, they use stock charts to identify patterns and trends that suggest what a stock will do in the future. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
2
There are three types of triangle patterns: ascending, descendinHello, welcome to this Types of Three Triangle Pattern Update. I have tried to bring the best possible outcome to this update TRIANGLE PATTERN ANALYSIS:- Symmetrical triangle; The symmetrical triangle follows a bullish trend, so watch carefully for a breakout below the ascending support line, which will signal a market reversal for a downtrend. The symmetrical triangle should be monitored for an upside breakout signal of a bullish market reversal. A breakout from a symmetrical triangle is generally considered a strong indication of future trend direction that traders can follow with some confidence. Again, the triangle formation provides easy identification of appropriate stop-loss order levels – below the bottom of the triangle when buying, or above the triangle when selling short. Ascending Triangle; Ascending Triangle Pattern Because the ascending triangle is a bullish pattern, it’s important to pay close attention to the supporting ascension line because it indicates that bears are gradually exiting the market. Bulls (or buyers) are then capable of pushing security prices past the resistance level indicated by the flat top line of the triangle. As a trader, it’s wise to be cautious about making trade entries before prices break above the resistance line because the pattern may fail to fully form or be violated by a move to the downside. There is less risk involved by waiting for the confirming breakout. Buyers can then reasonably place stop-loss orders below the low of the triangle pattern. Descending Triangle; The descending triangle pattern is the exact opposite of the pattern we just discussed. This triangle pattern provides traders with a bearish signal, indicating that the price will continue to move lower as the pattern completes. Again, two trendlines form the pattern, but in this case, the bottom support line is flat, while the top resistance line is sloping down. Which is formed in a downtrend. If it appears during a long-term uptrend, it is usually taken as a sign of a potential market reversal and trend change. However, each attempt to push the price up is less successful than the one before. , and eventually, the sellers take control of the market and push the price below the supporting lower line of the triangle. This action confirms the signal of the descending triangle pattern that prices are going down. Traders can sell short at the time of a downside breakout, with stop-loss orders placed slightly above the highest price during the formation of the triangle. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
Advantages and Disadvantages of Crypto Currency. Hello dear traders, Here are some educational chart patterns you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. advantages and Disadvantages of Crypto Currency trading Advantages of Spot Trading:- Spot trading has several advantages over other types of trading, such as margin trading or futures trading. There are several advantages to spot trading: - It is much simpler and easier to understand, making it the best way to get started in the cryptocurrency market. It will give you a good understanding of how the market works and how to trade cryptocurrencies. - There is no need to worry about complex contract terms or managing leverage. - Spot trading provides exposure to the underlying asset rather than just a derivative. This means that you can benefit from changes in the asset price rather than just the direction of price movement. - You can take advantage of market opportunities as they arise rather than waiting for a contract to expire. - Spot trading is suitable for both short-term and long-term strategies. Disadvantages of Spot Trading:- While this may seem like a quick and easy way to make money, there are several disadvantages to this method that you should be aware of before getting started. - One of the biggest disadvantages of spot trading is the volatility of the cryptocurrency markets. Prices can fluctuate wildly from one day to the next, making it difficult to predict when to buy or sell. This can lead to losses if you're not careful. - Another downside of spot trading is that you have no leverage. This means that you can only trade with the amount of money you have in your account. You can't borrow money from a broker as you can in traditional markets. - Spot trading also comes with various fees, including exchange fees, deposit fees, and withdrawal fees. These can add up over time and eat into your profits. - Not all exchanges offer spot trading for every cryptocurrency. This means that you may be unable to find a buyer or seller for the coin you want to trade. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you.
Education
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) rallied above a key resistance level on Wednesday, ahead of tomorrow’s U.S. inflation report. Following a low of $17,226.64 on Tuesday, BTC/USD raced to a peak of $17,493.32 earlier in today’s session. As a result of the move, the world’s largest cryptocurrency climbed to its strongest point since December 15. Looking at the chart, today’s price surge came as the 14-day relative strength index (RSI) broke out of a resistance point at the 60.00 mark. Currently, the index is tracking at 63.80. This comes as BTC continues to hover around its own ceiling at the $17,400 mark. In order to move closer to the $18,000 zone, the RSI will first need to move beyond a ceiling of 64.00 on the RSI. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) was also marginally higher in today’s session, with prices continuing to trade below a long-term ceiling ETH/USD hit a high of $1,342.76 earlier in the day, less than 24 hours after trading at a low of $1,324.97. Overall, ethereum remains below a resistance point of $1,350, with many expecting prices to move after the release of U.S. inflation figures tomorrow. As can be seen from the chart, the consolidation below this price ceiling comes as the RSI continues to trade under a hurdle of its own. Price strength is now tracking at the 68.73 level, which is under a point of resistance at the 70.00 mark. ETH bulls are likely still targeting a move beyond $1,400, however, in order for this to happen, the RSI level of 70.00 must first be overcome. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) also rallied to a multiple-week high on Monday, with prices climbing above a recent ceiling at $1,300. ETH/USD raced to an intraday high of $1,324.01 earlier in today’s session, which comes less than 24 hours after trading at a low of $1,261.95. Similar to bitcoin, today’s rally pushed ethereum to its highest point since mid-December, when the coin was above $1,350. As can be seen from the chart, an upwards crossover of moving averages has also occurred here, with the RSI gaining momentum as well. Currently, the index is tracking at 66.81, which is its strongest point since October 29, when ETH was trading upwards of $1,500. Should bullish sentiment remain throughout the week, ethereum will likely climb past the $1,400 level. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin(BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report. Following a low of $16,928.18 on Sunday, BTC/USD surged to a peak of $17,283.72 earlier in today’s session. The move saw BTC climb to its highest point since December 16, when price was at a high of $17,525. Looking at the chart, today’s high came as the 10-day (red) moving average finally crossed over its 25-day (blue) counterpart. In addition, the 14-day relative strength index (RSI) marginally moved past its current resistance level of 60.00. As of writing, the index is tracking at 60.46, with the following visible ceiling at the 63.00 zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
APE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this APE/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day. Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day. The move pushed apecoin to its highest level since November 5 and came following a breakout of a price ceiling at $4.60. As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record, with a reading of 79.09. This means that prices are now deep in overbought territory, which could mean that bears are preparing for reentry. Despite this potential reversal, bulls are seemingly still targeting a ceiling at $5.30, which hasn’t been hit since October 11. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Shiba Inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session. SHIB/USDT surged to a high of $0.000009593 earlier in the day, less than 24 hours after trading at a low of $0.000008603. As a result of this latest surge in price, Shiba Inu climbed to its highest point since December 5. From the chart, it appears as though today’s rally came following an upwards crossover of the 10-day (red) and 25-day (blue) moving averages. In addition to this, the 14-day relative strength index (RSI) has risen above a recent ceiling of 65.50. Currently, the index is tracking at 67.50, with the following visible ceiling at the 73.00 zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC attempted to break the horizontal red resistance and was able to trade above it. Now it is trading above it again. Here we need a successful retest above the horizontal red resistance to confirm another bullish move. If it continues to decline from here, it will do some correction towards the horizontal support from where we can expect a bounce back. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
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