Sell pressure is coming! Watching to see if BTC will break below the triangle and continue the "M" pattern. Super clean bearish structure. Let's hope for NFP week to drop BTC out of the sky. With a Hawkish expectation on the DXY, I can only imagine a fakeout. The Feds will stir up the DXY to create a Bloody Friday
BTC, currently trading above 66000, is aiming towards 69000 again to fill CME gap, in case of successful breakout at hourly timeframe, we might be seeing bullish sentiments for few days. However, if hourly candle closes below 65700, analysis becomes invalid.
Bitcoin is surging through expectations defying rally. Bitcoin (“BTC”) stands 22% higher over the last seven days. At its highest on 28 Feb 2024, BTC at USD 64k was 7% shy of its all-time-high. Recent bitcoin (“BTC”) performance harkens back to the euphoric bull runs. Market metrics signal more steam in store. This note discusses BTC’s recent rally and the...
Let’s make this as simple as possible for Bitcoin. It’s really this - Bitcoin must beat 48k to continue the bullish trend and confirm that larger cup and handle pattern is in play which will take us to 80k. If we don’t beat 48k soon, then I expect another small pullback. However, it may not be as deep of a pullback as other analysts expect. According to my chart...
Inverse head and shoulders bounce to $39390. Not financial advice just my opinion.
Nice head and shoulder's on the dominance chart Maxi's are not your friend Saylor was calling for 80% dominance just a very short while ago. And yet here we are heading back below 50 Wouldn't be surprised to see massive money rotate into #ETH on the news of the ETF approval. Merry Christmas and Happy Holidays.
Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Analyzing Bitcoin’s (BTC) oscillators provides an essential snapshot of its current market stance. The relative strength index (RSI) at 56, Stochastic at 54, and commodity channel index (CCI) at 18 align in a neutral zone. This neutrality signals a balanced market sentiment, with...
The TPI (Trend Probability Indicator) tells you if the trend of an asset-class or commodity is bearish or bullish. It has values that range from -1 to +1, where -1 is bearish, and +1 is bullish. Values between -0.2 - 0.2 are neutral, and we expect market to be ranging and mean reverting at that TPI score. The TPI works on all timeframes above the 4H timeframe....
Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today. BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77. still remains below yesterday’s peak of 26,786.10 and almost 1,000...
Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- 4-hour chart, the recent price action becomes a lot clearer. The market has recently been rejected from the 27,500 short-term resistance level and has been declining towards the 25K support area. The RSI indicator is also showing values below 50%, emphasizing the current bearish momentum...
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,...
Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin continued to trend lower on Saturday, as the bears were once again in control of crypto market sentiment. Following a high of 28,148 on Tuesday, BTC/USD started the weekend falling to a low of 25,362.61. The decline has come as a result of profit-taking, and also the changing...
Through the RSI we can see that bitcoin is extremely oversold. Whenever this has happened in the past, it has followed a rise in price. I believe that the bottom can be between 20k and 10k (not lower) and this is an excellent time to accumulate.
hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) continued to hover near the 29,000 level to start the week, as market volatility was mostly muted on Monday. After Sunday’s low at 28,963.83, BTC/USD jumped to a high of 29,166.82 earlier in today’s session. The world’s largest cryptocurrency has mostly been trading between a...
hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) consolidated around the 29,000 level on Friday, as traders readied themselves for the upcoming U.S. nonfarm payrolls report. BTC/USD rose to an intraday high of 29,375.71 in today’s session, following an earlier low of 29,066.24. Earlier gains have since faded, however, with...
hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) continued to trade above the 29,000 mark on Friday, despite bearish pressure intensifying in today’s session. After hitting a high of 29,520.71 on Thursday, BTC/USD dropped to an intraday low of 29,099.35 earlier in the day. The move saw bitcoin briefly fall below a support...
Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell. Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June. BTC/USD hit a peak at 30,737.33 earlier in...
Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin rose to a two-week high on Tuesday, as bullish sentiment made a gradual return to the marketplace. Following a low of 26,338.54 to start the week, BTC/USD rose to an intraday high of 27,147.47 on Tuesday. bitcoin rose to its strongest point since June 7, when it peaked at 27,402. ...