Amid the collapse of crypto giant, FTX, the overall market conditions took a hit as the world’s largest cryptocurrency nosedived to a new two-year low of nearly $15.5K. The other cryptocurrencies also faced significant selling pressure as Ethereum is down by 20.15%, XRP by 25.65%, and polygon by 22.00% at the time of writing on a weekly basis.
Considering the...
The world’s largest cryptocurrency has developed positive sentiment during the past week as the price level maintained sustainability above the psychological mark of $20K.
Moreover, the price level was able to have a positive breakout above the resistance zone between 0.786 FIB level and 0.618 FIB level and attained a new weekly high of nearly $21.5K. However,...
The world’s largest cryptocurrency has developed positive sentiment during the past week as the price level climbed above and maintained sustainability above the psychological mark of $20K.
Building upon the positive sentiment, BTC tested the resistance at $21K which is placed at 0.618 FIB level on the Fibonacci retracement table. But it did not have a positive...
The past week commenced on a significantly positive note as the world's largest cryptocurrency broke above the price level of $22K for the very first time this month. However, due to the prevailing sentiments, the price level was not sustained for a longer duration. This certainly indicates that the ever-lasting felt-like bear market has forced investors to sell...
The past week for Bitcoin started off with a positive note as the price level tested the crucial resistance mark of $20K. However, as the level was trading above $20K, a strong profit booking momentum was observed which brought the strong support of $18K into play. nThe support level did again provide the much-required bounceback and the current level is trading...
For the third quarter of 2022, Bitcoin had bullish inception during the first month upon which it had a build-up to test the major resistance level of $25K during August. The price action formed a rising channel pattern before facing significant retracement from the resistance level. The retracement somehow settled at the psychological mark of $20K and maintained...
The past week had a quick change of sentiments as the world’s largest cryptocurrency is back again above the crucial psychological mark of $20K. The price level did make a weekly low of around $18.5K
Currently, the price level is testing both MA-100 and MA-200. However, the alarming aspect is that MA-50 is still showcasing negative nature which might hint that a...
The month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K.
Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that...
The past week's price performance resulted in more skepticism among investors as BTC faced multiple negative breakouts below the crucial psychological mark of $20K. Compared to the previous high of the previous month, BTC is almost down by 37%.
On the Fibonacci retracement table, the price level has fallen below the 0.236FIB level and unable to have any...
The world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month.
On the Fibonacci...
Fundamental Development
The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday.Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six months." The details of the product are still...
The world’s largest cryptocurrency has once again become a victim of a strong consolidation range between $37K to $45K. The breakout above $45K during the start of the month gave positive hopes to the investors. However, the following retracement forced the price level to drop below $40K.
The contraction in Bollinger Bands suggests that we are poised for another...
Total 2 market cap gives a clear idea about how Altcoins can perform.
It's supports and resistance gives a clear indication when alts can pump and when it's time to exit.
As per the trend line shown, according to me after reaching the market cap of 1.35-1.4 T, the trend can break, retesting back to 1.2-1.25T which can significantly lead to alts dumping.
Till...
I've been looking at the major US indexes (SPX, DJI & NDX), as well as some of the TOP Altcoins within the cryptocurrency market (Ethereum, Cardano, Solana, Polkador), they are all bearish right now on the major/weekly timeframe.
This week we saw mentions in the "news" about Bitcoin and the S&P 500 Index detaching... Sounds fishy.
Maybe detach over the weekend so...
Beautiful weekend my beloved cryptocurrency trader, that is what I seeing these days...
We have the classic Cup & Handle pattern in the Bitcoin chart (BTCUSD 4H) which is considered bullish and comes up after a correction/near support.
With this pattern in place and many Altcoins preparing to go up... We can expect Bitcoin to also jump if we stay above MA200...
KSM / USDT looks in a range from few weeks.
Good bounce from the Support level may be BO happen this time
looks good above 181.5 level for the first target of 191.5....
keep on watchlist ....
