Cryptocurrency
YGG USDT chartYGG USDT inverse chart looks bearish af!! $YGG inverse chart, Have a look at it, Breakdown and it looks good to reach the accumulation zone below.
BTC/USD - Weekly OverviewBTC had a positive crossover against the crucial psychological mark of $25K. The breakout suggested that there is significant positive momentum prevailing for the world’s largest digital asset.
The RSI level is also trading at a bullish level (62.00) with the potential to have a positive breakout to the overbought region. However, the MACD level is looking vulnerable to a bearish crossover.
Overall, the resistance levels for BTC can be placed at $25K and $27K. While, if the profit booking momentum kicks in, support levels can be placed at $23K and $21K.
BTC immidiate TargetBTC is looking good with DXY rejection from resistance level just before the weekend. It can pump to 24.4K over the weekend
$BTC Swing Trade$BTC can go 38k or as high as 42.3K but first a pullback is can happen as 27.3k-31k is a strong resistance area.
Not a financial advice.
Trade at your own risk.
What is a crypto card?Crypto cards enable you to pay with cryptocurrency in stores and withdraw cash from almost any ATM worldwide. Additionally, each business that issues these cards offers a set of benefits for cardholders.
What is a crypto card?
If you own cryptocurrency, you've probably considered how to use it in everyday life. Currently, in order to convert Bitcoin into dollars, you must transfer BTC to a centralized exchange, convert it to USD, and then withdraw the funds to a bank card. You can also use an exchanger, but you run the risk of falling victim to scammers. The lengthy withdrawal process makes it difficult and less desirable for regular users to use cryptocurrency as a payment method.
A crypto card could be the solution. It functions exactly like a traditional debit card. In fact, you can use a crypto debit card to pay for the same products: Bitcoin is deducted from your wallet in the amount equal to the purchase price (an automatic conversion to a specific currency occurs).
Several centralized exchanges and payment processors have already produced their own crypto debit cards. The use of such cards greatly simplifies the interaction between the traditional and cryptocurrency financial systems. When you get paid in bitcoin, you can use that money right away to make purchases for things you need on a daily basis, like food, gas, clothing, and other essentials. And since it's a debit card, you won't be able to spend more than you have.
Another significant benefit is a cashback. Cashback percentages range from 1% to 8% and are applied to purchases.
The procedure for obtaining a crypto debit card varies according to the provider, but it is very simple and quick. Some providers only offer a virtual card that you can link to your Apple Pay or Google Pay wallet or use to make purchases online. A physical card can also be issued through certain services, like BitPay.
The best crypto debit card for you will be determined by your needs and where you live. Some businesses provide cards with restrictions and daily limits. At the same time, the number of supported cryptocurrencies and the lack of regional restrictions are important factors.
Due to the fact that Visa and MasterCard support the majority of crypto cards, they are accepted at shops and ATMs throughout the world.
In the following section, we'll examine and contrast the three most widely used crypto debit cards.
Crypto.com Visa
The Crypto.com card operates on the Visa network, accepts more than 100 cryptocurrencies, and is available in more than 100 countries worldwide.
Customers are offered cards of five different levels, each with its own set of terms and remuneration structure. Obsidian's most premium card, for example, provides 5% cashback and unlimited access to airport lounges through the Lounge Key programs. This card also provides refunds on Airbnb and Expedia bookings, as well as 100% cashback on Spotify, Netflix, and Amazon Prime subscriptions, among other benefits. However, the person must stake CRO tokens worth $400,000 in order to obtain this specific card.
Binance Visa Card
This card operates on the Visa network as well, but it is only available to European customers. The user can receive up to 8% BNB cashback on each purchase and withdraw funds from ATMs without paying any fees. Both virtual and physical cards are available for free.
Coinbase Visa
The Coinbase card is available to all residents of the United States (except Hawaii) and offers up to 4% cashback on purchases. At the same time, users are not charged for servicing the card or withdrawing funds from an ATM.
In the picture you can see a comparison of these three cards according to the main characteristics:
Crypto cards significantly simplify the use of cryptocurrencies for the average user, and they do not have the same limitations as traditional bank cards. Using cryptocurrency as legal tender is a long-held desire of crypto enthusiasts, made possible by the functionality and accessibility of crypto cards.
$LRC at High ConfluenceAs a trader one must always look for a High Confluence setup. At least 3 technical points should meet at each other to be called as high confluence setup.
In this case of $LRC
1. Price crossed trendline
2. Support zone successfully retested and created a demand.
3. Price also reversed from 50% Fib retracement.
I am loving this, I am taking trade in it with entry, exit and stop loss clearly marked in the picture.
$CFX - in LONG DemandConflux Network $CFX has been going berserk creating new demand, returning from Fib golden zone
and breaking obstruction zones.
Although bit late but it would be nice to catch up some profits in a move upward.
Entry, Exit and SL marked in the picture.
Disclaimer: Not a Financial Advice. Do Your Own Research
BTC Long For Short TermIf Bitcoin brake the 22,100 prices and Closes below it,
That is a good indication to go up and achieve the 25k Level...
BTC/USD - Weekly OverviewBitcoin started to shed its positive returns at the start of the second month of 2023. As observed in the chart, the BTC price level is currently trading at a critical level of 1.0 FIB level upon which a negative breakout could result in further price damage.
MA-10 also suffered a negative crossover against MA-50 in the past week. The downside expansion in the width of Bollinger Bands suggests that the world’s largest digital currency faces considerable selling pressure.
The RSI level is also showcasing a falling channel pattern after sustaining in the overbought region for about a month. However, it is currently vulnerable to a negative breakdown to the oversold region
The MACD level has also broken below the histogram while forming red bars.
Overall, the support levels can be placed around $21K and $20K. On the other hand, resistance levels can be placed at $23K and $25K.
This time it is different or is it the same?The two graphs seem similar in nature.
The question is will BTC follow the same trajectory as that of 2019 before the major bull run of 2020-2021 ?
Let us know your views in the comment section...!!!
$MINA inside Bullish Rectangle on Daily TFI found that large volume is coming in $MINA and also the chart pattern and trend shows bullish consolidation and a soon breakout.
Although market is in downtrend it would be bit risky to trade, still I would advice you to take minimal risk and invest a very small capital with tight RR if
you are willing to trade.
Entry @ 0.920
Exit @ 1.150
SL @ 0.800
$JASMY @ two demand zones$JASMY managed to break from consolidation above first demand zone and now I am expecting it will rise above the second demand zone as well.
If happens we can expect a rally up to 0.012 where it will face local resistance.
Entry @ 0.0075
First TP @ 0.0089
Second TP @ 0.012
SL @ 0.0063
Get on $GRT train-LONG journeyFirst and Second target achieved on BINANCE:GRTUSDT , but I'll continue the journey up until Third target stop.
Anybody who wants to get on it, get in @ 0.14 with TP @0.155 and SL@0.125
Beware that It might take few days to reach there .
BTCUSD(Weekly Analysis)The world’s largest cryptocurrency has maintained its positive momentum and accumulated approximately 36% returns in January.
BTC has been in a Bear trap, it had hit its low of $15.5K and took support at the resistance trendline as shown in the chart. After consolidating there for 2 months, BTC shot up to the level of $24K and is currently retracing and trading at $22.9K.
The support to the lower side is present at $22K and $21K while it may face resistance at $24K and $25K respectively.
Let's Keep an Eye on $MANABINANCE:MANAUSDT is making some nice moves.
A nice consolidation breakout of resistance zone at 0.76, and now retesting it for a support.
Also a Fib Extension has given a clearance for the next target up till next resistance.
Let's keep watching $MANA
Bullish Rectangle + Breakout on Daily TF for $FET$FET consolidated inside Bullish Rectangle for many days and finally managed to broke out with high volume confirmation.
Once the retest done I am going in at 0.35 with 0.43 in sight for TP and 0.3 as SL.
LITECOIN (LTC) This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.
ETHEREUM - Elliott Wave ViewThe idea is based on the Elliott Wave Theory. It suggests that the correction cycle may be over and the next bullish cycle could begin from here.
$GRT looking for a breakout on Daily TFWatching BINANCE:GRTUSDT closely on Daily TF.
Inverse Head & Shoulder pattern formed, a minor pullback below neckline and then breakout is expected.
Entry @.0820
Exit @.1000
$BTC Daily Update$BTC #BTC $22,750 support holding which is good, Last 4H close looks good. $23,197 resistance in effect, requires to regain $23,479 support. Continue watching given S/R
FTM 4H TF Analysis FTM has broken the accumulation range on 4H TF. We can expect the targets as shown on chart.
BTC/USD - Weekly OverviewBitcoin continued its positive momentum in the past week as the YTD gain reached approximately 40%.
On the Fibonacci retracement table, BTC price level had entered the resistance zone which is above 0.786 FIB level.
Considering the technical indicators, Bollinger bands has contracted its width which suggests a potential consolidation or profit-booking momentum. The MACD level has also started to form red bars on the histogram while the levels look vulnerable for a negative crossover.
Overall, if the bulls are able to sustain the ongoing positive momentum, BTC will test the resistance present at $25K and $27K. However, if we witness a considerable profit booking momentum, support levels can be placed at $22K and $20K.
