Get started

BTCUSDT

What 1-hour chart says? Fundamental Development:- Whether BTC turns the $30,000 to $31,000 level into support depends to some degree on how global markets perform.The last time U.S. stock markets faced a seven-week consecutive downtrend was over a decade ago. New home sales in the U.S. declined for the fourth straight month, which is also the longest streak since October 2010.China saw a whopping 20% year-on-year decline for its on-demand services, the worst change on record. According to government data released on May 30, consumer spending for internet services from January to April stood at $17.7 billion.The value of stock offerings in Europe also hit the worst level in 19 years after rising interest rates, inflation and macroeconomic uncertainties caused investors to seek shelter in cash positions. According to Bloomberg, initial public offerings and follow-on transactions raised a mere $30 billion throughout 2022.All of the above make it easier to understand the discrepancy between the recent Bitcoin price recovery to $32,300 and weak derivatives data because investors are pricing higher odds of a downturn, primarily driven by worsening global macroeconomic conditions. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $29,900-$30,000 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $31,900 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 $30,400 resistance zone, it could start another decline. An immediate support on the downside is near the $29,000 level.
BINANCE:BTCUSD
by eva236220
BTC wait for longs and shortsAs, we see BTC/USDT has been consolidating from last 14 days, so 1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside 2) But if bulls manage to break out of this kind of side-wise trend than it will show big move upside So, huge moves are coming, if we break this sidewise trend (probably downside) price might consolidate(or retest or take pullback) before breaking out (Don't open any position on wick) (Don't take trades based on this idea, even I don't trade according to my idea) (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: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.” Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $28700-$29,300 ranges. Yesterday it made high near $30,678 and then it fell down sharply and found support near $28,600 support zone. Bitcoin is struggling to gain momentum above $28,300.The price is now trading near the $28,200 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $29,290 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,600 level and the next major support is near the $27,900 level.
BITSTAMP:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined that retail investors do not actually understand cryptocurrencies. He added that cryptocurrency buyers could end up losing all their money since digital assets are highly speculative. The oft-repeated warning is highly relevant in the wake of the collapse of the Terra protocol. Its native LUNA token plunged to zero in days, impoverishing its investors. Cunliffe believes that digital assets have no intrinsic value, which is why they fluctuate depending on market sentiment. He added that cryptocurrencies are not actually viewed as a financial investment by retail investors. The BoE official has added that cryptocurrencies should be treated as risky securities. The total cryptocurrency market capitalization currently stands at $1.29 billion. Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $30,900-$29,200 ranges. Yesterday it made high near $30,700 resistance zone and then it fell down sharply and found support near $29,300 support zone. Bitcoin is struggling to gain momentum above $30,500 and $30,700.The price is now trading near the $29,800 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $30,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,300 level and the next major support is near the $28,700 level.
COINBASE:BTCUSD
by nehabaraskar