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Btcusdlong

What 1-hour chart says? Fundamental Development:- 'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty, explaining in an interview that “if somebody has done a bad thing, we are brutal and unrelentingly hard.”He also hit back at the rhetoric of certain crypto market participants who have criticized the regulator for not being friendly enough to crypto, and instead questioned the legitimacy of the market, saying:. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,800-$21,100 ranges.BTC is made low 19,700 and now consolidating within a range. Yesterday it made high near $21,200 and then it continue to decline from 200 simple moving averages. Bitcoin is struggling to gain momentum above $21,300. Alternative Scenario: If Bitcoin fails to clear the $21,300 resistance zone, it could start another decline. An immediate support on the downside is near the $19,700 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- China warns Bitcoin is heading to zero but BoE looks on the bright side The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto. The Economic Daily report says the west is to blame for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts” which it said was an “important external factor” which contributes to Bitcoin’s volatility.. Short Term Technical View:- Bitcoin is trading below 200& 50 simple moving average. The price is now above the $20,000 level. Bitcoin price failed to gain pace above $21,500 and corrected gains. However, the bulls were active above the $20,000 and $19,300 support levels. An immediate resistance on the upside is near the $21,550 level.. Alternative Scenario: If Bitcoin fails to clear the $21,550 resistance zone, it could start another decline. An immediate support on the downside is near the $19,level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Central Bank of Jamaica Warns About Bitcoin and Defends Its CBDC crypto winter that has evaporated most of the value of cryptocurrencies, central banks and governments from almost all over the world that have CBDCs or work on the development of state digital currency projects, are warning about the risks of using and investing in private virtual money. The Central Bank of Jamaica (BOJ) has joined that choir led by the International Monetary Fund (IMF), which seeks to discourage the trade of cryptocurrencies and other digital assets among its population. Instead, issuers are encouraging the use of central bank digital currencies, which they see as safer and more secure. The governor of the financial entity, Richard Byles, warned Jamaicans about the volatility of the price of Bitcoin (BTC) and other cryptocurrencies during the Jamaican Diaspora Conference held last week, where the issue of digital assets was addressed. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,000-$20,000 ranges. BTC is made low 20,233 and now consolidating within a range. Yesterday it made high near $20,693 and then it continue to declin from 200 simple moving averages. Bitcoin is struggling to gain momentum above $21,700. Alternative Scenario: If Bitcoin fails to clear the $21,700 resistance zone, it could start another decline. An immediate support on the downside is near the $18,000 level.
BINANCE:BTCUSD
by eva236220
BTCUSDT pullback(exhaustion) or beginning of an uptrend with ATHReasons to short BTCUSDT --> 1) Downtrend's pullback, build up of bearish flag pattern 2) Multiple resistance to clear 3) bounce from resistance with no clear signs of follow up buying Reasons to long BTCUSDT --> 1) Price showed bounce from support with morning star doji in 4H timeframe if you are willing to short wait for confirmations like: --> candle close below support + bearish candlestick patterns + follow up selling if you are willing to long wait for: --> candle closing above black trendline with multiple confirmations take profits are in the chart for both positions (Do your own analysis) (NOT A financial advice) (High chances of loss if you follow my idea)
Short
by Aayush_Ganjawala
What 1-hour chart says? Fundamental Development:- 126% return for stock market short-sellers who smelled blood in crypto waters Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $21,000-$20,200 ranges.BTC is made low 20,180 and now consolidating within a range. Yesterday it made high near $22,950 and then it continue to decline. Bitcoin is struggling to gain momentum above $21,000 Alternative Scenario: If Bitcoin fails to clear the $21,000 resistance zone, it could start another decline. An immediate support on the downside is near the $20,200 level.
BINANCE:BTCUSD
by eva236220
ETHUSD LONG POSITIONHello traders, Here in ETHUSD prices are now almost at it's support lvl around 800-1000 USD here we can enter for the short term entry with target of 1500-2000$. from the technical analysis it near at 200 DMA which is strong support zone for ethusd @800-1000 USD. Enter in the trade after today's fed interest rate declared at 23:30 IST. BUY ETHUSD @800-1000 USD TARGET 1=> 1300 2=> 1500 3=> 1800 4=> 2000 5=> 3500-4000 USD SL:- THERE IS NO STOPLOSS IN THIS TRADE AS ETHERIUM IS TRADING AT IT'S LOWEST LVL SINCE 2020 ONLY TAKE THIS TRADE WHO HAVE PATIENCE TO WAIT THIS IS 100% CHANCE OF PRICE REBOUND AS IT'S OLD CRYPTO CURRENCY SAME SCENARIO IN BTCUSD FOR BTCUSD BUY PRICE IS AT 18000-20000 USD AND CAN BE HOLD TILL 30000-50000 USD IN SHORT TERM WITH IN 3-6 MONTHS. Wish you best of luck follow for more updates 😘 Happy investing & successful trading to all.
COINBASE:ETHUSDLong
by Nkpatel2599
What 1-hour chart says? Fundamental Development:- Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions", the company said on Monday, in the latest sign of pressure in the crypto industry.Bitcoin extended earlier declines after Celsius's announcement, falling more than 6% to as low as $24,888, an 18-month low. Ether, the world's second-largest cryptocurrency, dropped more than 8% to $1,303, its lowest since March 2021."We are taking this necessary action . in order to stabilize liquidity and operations while we take steps to preserve and protect assets. ."Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers."Celsius Network, which raised $750 million in funding late last year, is a significant player in crypto lending. It offers interest-bearing products to customers who deposit their cryptocurrencies with the company. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $25,200-$25,900 ranges. MACD indicator also indicating negative biased for BTCUSD. BTC is made low 24,900 and now consolidating within a range. Yesterday it made high near $28,500 and then it continue to declined. Bitcoin is struggling to gain momentum above $28,300 . Alternative Scenario: If Bitcoin fails to clear the $26700 resistance zone, it could start another decline. An immediate support on the downside is near the $25,000 level.
BINANCE:BTCUSD
by eva236220
BTCUSD Trading Plan - 12/Jun/2022Hello Traders, Hope you all are doing good!! I expect BTCUSD to go UP if it corrects here. Look for your BUY setups. *This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BITSTAMP:BTCUSDLong
by For3xScalper
What 1-hour chart says? Fundamental Development:- Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year on year.Leading the gains are Decentraland’s MANA (up 41%), The Sandbox’s SAND (up 470%), Axie Infinity’s Axie Infinity Shards (AXS) (up 511%), and Stepn’s GMT (up 746%), according to data from Kraken Intelligence and CoinGecko’s May 2022 market report. Metaverse tokens can be used to pay fees, buy land and participate in governance. Blockchain-based gaming using nonfungible tokens (NFT) and metaverse platforms has remained tremendously popular throughout 2022. Despite slumping prices across the market, usership among those games has remained consistent at about 1 million users per day, according to data from decentralized application tracker DappRadar. The Kraken report pointed out that although May saw flat daily usership, “NFT volume saw a large decrease with daily volume dropping -87.1%.”Every category tracked by Kraken’s report, including metaverse and exchange tokens, experienced negative returns over the past 30 days and 90 days. Metaverse tokens were among the worst losers over the past 30 days, dropping 42%, with by far the highest volatility at 173%.Despite the short-term price action, money is pouring in to fund the sector. DAppRadar’s Q1 games report noted that $2.5 billion was raised in support of blockchain games and Metaverse projects in the first quarter of 2022. Investors were eager to back games, according to the report, as 52% of all block chain activity came from game DApps: Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,800-$29,800 ranges.BTC is made low 29,800 and now consolidating within a range. Yesterday it made high near $31,500 and then it continue to decline from 200 simple moving averages. Bitcoin is struggling to gain momentum above $31,600. Alternative Scenario: If Bitcoin fails to clear the $30,800 resistance zone, it could start another decline. An immediate support on the downside is near the $29,800 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- New York governor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months.If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing licenses in New York. Under the new regulations, only PoW operations backed by 100% renewable energy would be able to operate.The New York State Senate passed the bill on June 3 to the dismay of members in the crypto community, meaning the fate of the bill is now in the hands of Governor Hochul who has the power to approve or veto the legislation.At this stage, it appears that the Democrat has no intentions of rushing the decision and she may have bigger fish to fry with the upcoming primary election on June 28.During a news conference on Tuesday, Hochul opted not to draw a line in the sand regarding the PoW ban, as she suggested the deliberation process could take a few months:“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months.” Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,500-$31,600 ranges.BTC is made low 29,150 and now consolidating within a range. Yesterday it made high near $31,540 and then it continue to declined to near $29,600 range. Bitcoin is struggling to gain momentum above $31,500. Alternative Scenario: If Bitcoin fails to clear the $31,500 resistance zone, it could start another decline. An immediate support on the downside is near the $29,300 level.
BINANCE:BTCUSD
by eva236220
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (29906.37). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 74. Take Profits: TP1= @ 31457.46 TP2= @ 32673.24 TP3= @ 34344.46 TP4= @ 36193.81 TP5= @ 37583.56 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
What 1-hour chart says? Fundamental Development: - Data from Coin telegraph Markets Pro and Trading View flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history. Already at a dubious record, Bitcoin’s weekly chart closes provided the backdrop to a weakness that continued to disappoint analysts over the weekend. Even stock markets, troubled by central bank tightening, managed to put in gains over the week, while Bitcoin and the majority of altcoins added to losses.“Most concerning has been the divergence between Equities and Crypto. S&P and NASDAQ have traded about 10% higher since 20 May lows while both BTC and ETH have traded lower in the same period,” trading firm QCP Capital wrote to subscribers of its markets newsletter, the latest edition of which was released on May 29:“This is not the direction of decoupling we were hoping for! QCP echoed existing sentiment over Bitcoin’s under performance compared to previously highly-correlated equities. Continuing the idea, popular Twitter account Il Capo of Crypto forecast fresh pressure thanks to those indexes now encountering sell-side friction of their own.“Last time SPX rallied making a new high while $BTC was making lower highs, we saw bearish continuation once SPX reversed. Now SPX is at resistance,” a post on the day read. Short Term Technical View: BTC is trading below 200 simple moving averages and it is trading in a very tight range between $27,900 to $31,900. BTC is currently trading around $30,500-$30,600. An immediate resistance on the upside is near the $30,850 level. The next major resistance is near the $31,600 level. A clear move above the $30,850 resistance level might call for a trend change. If Bitcoin fails to clear the $30,850 resistance zone, it could start a downside correction. An immediate support on the downside is near the $29,500 level. Alternative Scenario: If Bitcoin fails to clear the $30,850 resistance zone, it could start another decline. An immediate support on the downside is near the $29,500 level.
BINANCE:BTCUSD
by eva236220