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Bitcoin (BTC) Chart - Japanese Candlesticks Vs. Heikin AshiOn the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions). On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions). Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese candlestick, but differ based on the values used to create each candle. Instead of using the open, high, low, and close like japanese candlesticks, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals. Tip: Heikin Ashi is ideal for swing trading.
by cryptosrocket
BTC/JPY - weekly Analytics + Altcoins 06.06.2022The consolidation, which started back on May 13 and the negative sentiment of investors regarding the market, indicates a significant position gained by a major player at an average price of 3800000, which can give a strong impetus to the growth of quotations in the future. The current momentum further confirms our expectations. Altcoins: A clear diagonal level is formed in Tron, the coin looks attractive for buying in our opinion, a break of 0.09 will additionally confirm our expectations.
Long
by Yosu_Fund
BTC/USD - weekly Analytics + Altcoins 06.06.2022The consolidation, which started back on May 13 and the negative sentiment of investors regarding the market, indicates a significant position gained by a major player at an average price of 29,500, which can give a strong impetus to the growth of quotations in the future. The current momentum further confirms our expectations. Altcoins: A clear diagonal level is formed in Tron, the coin looks attractive for buying in our opinion, a break of 0.09 will additionally confirm our expectations.
Long
by Yosu_Fund
BTC/USD - Weekly OverviewAfter facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too. BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. A positive breakout above the major resistance level of $32K might bring back the much needed bullish momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram. Overall, resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
COINBASE:BTCUSDLong
by TradeDog-Research
What 1-hour chart says? Fundamental Development:- United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios. The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto. Speaking on the company’s Exchanges at Goldman Sachs podcast on Tuesday, Goldman Sachs global head of insurance asset management Mike Siegel said he was surprised to get any result:“We surveyed for the first time on crypto, which I thought would get no respondents, but I was surprised. A good 6% of the industry respondents indicated that they’re either invested in crypto or considering investing in crypto.”The report found cryptocurrencies were in fifth place for the asset class insurers expect to deliver the highest returns over the next 12 months, with 6% ranking it as their first choice, beating United States and European equities. Around 2% of firms indicated a current crypto investment, and while it’s a small number of firms indicating investment or interest, Goldman Sachs analysts wrote that this level of interest “is still notable.” On the podcast, Siegel discussed a follow-up survey conducted of crypto-interested firms to understand their motivation behind purchasing: Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,600-$30,100 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $30,700 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,700. Alternative Scenario: If Bitcoin fails to clear the $30,700 resistance zone, it could start another decline. An immediate support on the downside is near the $30,000 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script.Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users should beware of the danger. He told news outlet Crikey on May 30 that Musk had reached out to get the script, but claimed the billionaire's technical knowledge was so deficient that he didn’t know how to run it.“Elon reached out to me to get hold of that script and it became apparent very quickly that he didn’t understand coding as well as he made out.”Adding insult to injury, Palmer recounted a year ago calling the SpaceX founder, a “grifter” who “sells a vision in hopes that he can one day deliver what he’s promising, but he doesn’t know that.”Musk took the comments badly, and fired back at Palmer on May 31 on Twitter. He suggested Palmer’s code could not deliver on its promise of addressing the Twitter bot problem, adding “My kids wrote better code when they were 12.”“You falsely claimed ur lame snippet of Python gets rid of bots. Ok buddy, then share it with the world …”He challenged Palmer to make the script public, which would open it to greater scrutiny. Palmer has not yet done so. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $31,200-$32,500 ranges.BTC is made low 31,200 and now consolidating within a range. Yesterday it made high near $32,400 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500. Alternative Scenario: If Bitcoin fails to clear the $32,500 resistance zone, it could start another decline. An immediate support on the downside is near the $31,200 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- If you assumed crypto was just a young person's game, think again. More people in the United States than ever before are turning to cryptocurrencies to help fund their retirement, it seems, even as the recent market carnage provides a stark reminder that this wild market is not for the faint-hearted. Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange Ku Coin found. Yet older folk are more devoted to the young asset class than the general population, according to the survey carried out at the end of March, with 28% of those aged 50 and above betting on crypto as part of their early retirement plans. Their most popular for investing in crypto were that they saw it as the future of finance, they didn't want to miss a hot trend, and they saw it as a way to diversify their portfolios. (See GRAPHIC)The market turmoil of recent weeks has hushed talk earlier in 2022 that Bitcoin and other crypto would win mainstream acceptance and be ushered into pension plans."If they (investors) want crypto, it should be a very small allocation of their portfolio, and they should be prepared to lose it," said Erik Knutzen, chief investment officer for multi-asset class strategies at Neuberge Berman."We would not recommend it to everybody."Indeed Bitcoin is trading at around $30,000, down 60% from a peak of $69,000 in November. And the market meltdown means many newcomers' investments are deeply in the red. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $32,200-$31,200 ranges.BTC is made low 31,200 and now consolidating within a range. Yesterday it made high near $29,100 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $32,100. Alternative Scenario: If Bitcoin fails to clear the $32,100 resistance zone, it could start another decline. An immediate support on the downside is near the $30,200 level.
BINANCE:BTCUSD
by eva236220
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has developed strong sustainability above the crucial support level of $28K. This certainly indicates that price level might avoid further downfall. The current trading session is looking in potential to form a bullish engulfing candle which may provide bullish breakout among moving averages in future The MACD level is also showcasing positive nature below the histogram. Green bars are also formulating which may indicate bounceback of level above the histogram. Overall, support levels can be placed at $28K and $26K respectively. If the bullish momentum is sustained, resistance can be placed at $32K and $34K.
COINBASE:BTCUSDLong
by TradeDog-Research