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February 15 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) declined to 6.4% on a yearly basis in January from 6.5% in December. This reading came in higher than the market expectation of 6.2%. Bitcoin is up 1.6% over the last 24 hours and rose to an intraday high of $22,333.33. The largest cryptocurrency rebounded from recent losses in today’s session, and price rose above the $22,000 price level. If the bulls push the price above the 20-day exponential moving average ($22,243), the BTC/USDT pair could rally to $23,500. Today’s Cryptocurrency Headline Soros Fund Management Increases Exposure to Crypto Firms Soros Fund Management, the fund of billionaire George Soros, increased its exposure to some crypto companies late last year. According to a 13F filing with the U.S. Securities and Exchange Commission (SEC) on Dec. 31, the fund bought $39.6 million worth of convertible bonds from crypto miner Marathon Digital Holdings. At the same time, the fund also owns calls and puts on 50,000 shares of MicroStrategy stock and nearly $200 million in MicroStrategy preferred stock. In addition, the fund also has put options on 100,000 shares of Silvergate bank.
by BingX
BTC - One More Checkpoint! 🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that BTC has been struggling inside a small range between the 21,000 demand zone and upper orange trendline. The bulls took over short-term by breaking above the orange high. But that's just a signal that a short-term correction started. 🏹 For the bulls to take over again medium-term , we need a break above the upper orange trendline and red zone 22,700 Meanwhile, until the bulls take over, BTC can still trade lower inside the green demand zone or even break it downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
Ordinals on Bitcoin - A Cybersecurity Necessity or Just Hype?With the Launch of NFTs on the Bitcoin chain by Ordinals last month, the community is divided on what this means for Bitcoin as a chain and its future. NFT's have been a mainstay on several blockchains for years now, but until now their prevalence on the Bitcoin chain was understated. With the launch of the project Ordinal Protocol, that's changing. What is Ordinal Protocol Ordinal Protocol, created by Bitcoin Core contributor Casey Rodarmor, enables users to explore, transfer, and receive individual satoshis (1 millionth of a BTC), which can include unique inscribed data such as videos and images. Inscriptions make it possible to put content in a Bitcoin transaction and assign it to a satoshi. Once mined, the inscription is made on the first satoshi of the first output of the transactions, marking that satoshi permanently with the inscribed data. This process stays entirely on the main Bitcoin blockchain and does not require a sidechain or additional tokens. The protocol is enabled by Taproot - a BTC soft-fork upgrade that was activated in 2021 and brought enhanced security and smart contracts to the network. In addition to inscribing data into a single satoshi transaction, Ordinal also allows people to assign a unique serial number to each satoshi. This means that the first satoshi's in the output of notable transactions can have value for collectors even without an inscription within them. For instance, the first satoshi of the genesis block, or the first satoshi after each halving could become collectible due to their historical significance. In a way, this compromises the fungibility of Bitcoin but in reality a parallel could be drawn between these non-fungible Bitcoin's and bank notes or coins that people collect. They do not affect the fungibility of all Bitcoin, and regular users can continue to use them normally as well. Ordinal Inscriptions are, in many ways, superior to the NFTs that most people are familiar with. Ordinals are digital artifacts which means they are decentralized, on-chain, immutable, and unrestricted. Many popular NFT projects don't actually meet these requirements as they are often stored off-chain, controlled by centralized minters, and often on very centralized blockchains. Even with its novel and Bitcoin native approach, the project remains controversial among the community. Detractors Many prominent Bitcoin developers, including Adam Back, were quite opposed to the idea of Ordinals on Bitcoin, claiming that it was a waste of block space. This also led to a discussion over whether miners should censor these resource intensive and "useless" transactions. NFTs take up valuable block space on the network that will raise the cost per transaction for all users. Full nodes need to download the inscribed data when they receive confirmed blocks. With JPEGs and Videos, these blocks can be far larger than conventional transaction blocks requiring node operators to dedicate more resources. Proponents Blockspace in Bitcoin is assigned using a free-market auction. This allows Bitcoin to be fair, open, and accessible to everyone. As such, the free-market should be left to dictate how blockspace is assigned instead of a perceived "utility". With Bitcoin's tokenomics, most miner revenue currently comes from block rewards instead of fees. Although this is not currently a concern, as the block reward continues to become smaller, the security model of Bitcoin comes under threat. A Bitcoin native application like Ordinal provides an additional use-case for Bitcoin, which is mainly used as a transaction protocol for exchanging value right now. By filling up unused block space, Ordinal transactions incentivize users to pay higher-than-minimum fees to make sure their transaction is included faster which will drive organic revenue towards miners. Although, Ordinal protocol transactions provide a potential path to addressing a long-term security concern for the Bitcoin network, it also disincentives normal users of the network in the short-term. Overall, Ordinal transactions have led to a spike in BTC network activity as well as fees. Still, as with most NFT projects, there is a high chance that the hype surrounding the project ends up fading away and Ordinal related transactions drop off again. However, the project has prompted an interesting discussion about the long term security and utility of the Bitcoin Blockchain. Regardless of whether Ordinals end up being a fad or a mainstay on the network, they've illustrated that blockspace and fees will be dictated by the free-market. We could soon see more similar projects now that Taproot allows smart contracts to be executed on Bitcoin. What are your opinions on Ordinals, NFT's, and the long term security model of Bitcoin?
B
by mintdotfinance
4
February 8 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.61% over the last 24 hours and rose to an intraday high of $23,452.99. The largest cryptocurrency moved back above $23,000. Recent daily candles and the relative strength index suggest the bullish momentum is cooling. The bulls will try to push the BTC/USDT pair above $24,263 and challenge the $25,000 price level. However, if the price turns down and drops below $23,000, the BTC/USDT pair could find support between $22,800 and the 20-day exponential moving average ($22,605). Today’s Cryptocurrency Headline Lido Announces V2 Upgrade Plan Lido, the liquidity staking protocol, announced the V2 upgrade plan, which will allow stETH holders to withdraw directly from the Beacon Chain at a ratio of 1:1. Additionally, Lido announced a new feature called Staking Router, A new modular architecture that allows anyone (incl. solo stakers) to become a Node Operator. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
BTC - Trend-Following Setup? 📈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart As per my last idea, we know that BTC has been stuck inside a range in the shape of a flat rising broadening wedge pattern in red. Since BTC is now approaching the lower bound (red trendline) we will be looking for trend-following buy setups. on H1: Right Chart After rejecting the upper red trendline and breaking below the gray low, BTC has been bearish forming a correction phase inside the orange channel. 🏹 For the bulls to take over, and start the next bullish impulse, we need a break above the last major high in orange. Meanwhile, BTC can still trade lower. and IF we break below the H4 low in red, we will expect further bearish movement till the green demand zone around 21,000 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
23
February 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the US Department of Labor, non-farm payrolls jumped by 517,000 in January, while economists had been expecting a rise of 170,000. Bitcoin is down 1.93% over the last 24 hours and fell to an intraday low of $22,743.00. The largest cryptocurrency fell below the $23,000 price level due to unexpected non-farm payroll data. The most recent non-farm payroll data shows that the US job remains hot and inflation might rise again. In the short term, if the BTC/USDT pair holds above the current $22,800 level, the price could surge to $25,000. However, if the price drops below $22,800, the BTC/USDT pair could find support around the 20-day exponential moving average ($22,470). Today’s Cryptocurrency Headline WisdomTree's Cryptocurrency Holdings Drop to $136 Million New York-based asset manager WisdomTree reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $357 million a year earlier. The company saw a net loss of $28.3 million during the period, compared with a profit of $11.2 million a year earlier. Meanwhile, operating income fell to $73.3 million from $79.2 million in the previous fourth quarter. In addition, WisdomTree’s net inflows in the fourth quarter of last year were $5.3 billion, mainly into fixed income, US stocks and commodities products, while net inflows from cryptocurrencies totalled $4 million. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
BTC & USDT.D - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on USDT.D to feel the overall crypto market. 📚 And today I want to show the correlation between BTC and USDT.D 📌 BTC has been stuck inside a range in the shape of a flat rising broadening wedge (in red) BTC is currently approaching the lower bound / red trendline, so I will be looking for buy setups on lower timeframes. (to be confirmed after breaking an H1 high upward) The bears would take over IF BTC break below the lower red trendline and zone. In this case, a movement till the demand zone 21500 in green would be expected. 📌 On the other hand, USDT.D is stuck inside a range between 6.5% and 7.0% support and resistance. And we are currently approaching the upper red trendline. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
19
BTC - Enjoying The Ride! 🏍Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis (attached on the chart), we know that BTC has been stuck inside a range in the shape of a red rising broadening wedge. The bears took over yesterday by breaking below the last minor low in gray. What next? As per the latest structure, we are expecting BTC to reject the lower bound of the red rising broadening wedge, especially that the lower bound is lining up with the blue demand zone. 🏹 As per my trading plan / style: As BTC approaches the blue demand, I will be waiting for a new high to form and get broken upward. The previous high break would be our confirmation that the bulls are re-gaining control, as BTC can still trade till the lower red trendline before reversing or even break it downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
34
MATIC - Still Strong!💪Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis (attached on the chart), we have been waiting for MATIC to approach the blue support 0.7 to look for buy setups. MATIC rejected the support, traded higher and now approaching the green resistance around 1.3 For the bulls to remain in control, and take over long-term, we need an aggressive break above 1.4 Meanwhile, we are bullish trading inside the orange channel. UNLESS , the bears kick in, which would be confirmed by breaking below the orange channel and last major low from H4, then a bearish correction would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
M
by TheSignalyst
18
February 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.55% over the last 24 hours and fell to an intraday low of $23,367.50. The largest cryptocurrency rose above the $24,000 price level yesterday, but the price could not maintain above $24,000, suggesting the seller remains active at a higher level. The upsloping moving averages and the relative strength index (RSI) near the overbought zone suggest that bulls are in control. The bulls will attempt to thrust the price above $24,000. If they succeed, the BTC/USDT pair could rise to $25,000. Today’s Cryptocurrency Headline VC Investment in Cryptocurrency Companies Plunged 91% in January Investments in cryptocurrency companies plummeted 91% in January from a year earlier, according to CoinDesk. Venture capital (VC) and other investments in privately held crypto startups amounted to $548 million last month, a huge drop from $6 billion in January 2022. The number of deals fell from 166 to 62, and most of the 2023 deals were for smaller, early-stage companies. In January 2022, there were 17 rounds of investment exceeding US$100 million, while this year there was only 1 financing of more than US$100 million. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Febuary 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The US Federal Reserve announced a 25 basis point increase in its benchmark interest rate to a range of 4.5% to 4.75%, the smallest increase since March last year. Bitcoin is up 3.73% over the last 24 hours and rose to an intraday high of $24,263.89. The largest cryptocurrency rose above $23,800 after the Fed's interest rate decision as the results are in line with the expectation. Investors will focus on more information in the next two days, including initial jobless claims, tech company earnings reports on Thursday, such as Amazon (AMZN) and Alphabet (GOOGL), and unemployment data on Friday. If the results are better-than-expected, the BTC/USDT pair could rise to $25,000. Today’s Cryptocurrency Headline ImmutableX to Launch All-In-One Web3 Gaming Passport System ImmutableX, the Ethereum scaling system, plans to launch the all-in-one pass system Immutable Passport in April this year, aiming to provide Web3 gamers with non-custodial wallet, player profile, and identity verification solutions, and help Web3 game studios attract new players. According to reports, Immutable Passport is similar to Xbox Gamertag or Apple ID. It does not require a password when logging in, does not retain the user's private key, and does not participate in signing transactions. Players will be able to access tools integrated into Immutable Passport, including digital wallets, fraud protection, and seamless authentication across Web3 games and marketplaces. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
Shorting the USD/SGD; 0.5% of portfolio risk.One of our investment programs have shorted a few USD-related exchange-traded derivatives, including A-book CFDs (with Global Prime). In the very short-term, with very risk-adjusted positions, we are entering long in equities, shorting the USD, and executing other correlated positions with a portfolio hedge of 30%. We have this position both in our systematic, algorithmic trend-following programs as well as a global discretionary one. Position: SS: 1.3111 GTSL: 1.3180 TP: 1.2860 Our risk algos can modify the weight of the position if needed in the future.
UShort
by blockmas
DYDX - Double Bottom's Neckline Broken 👌Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DYDX has been one of the most gainers throughout January with over 200% move. DYDX broke a yearly range in the shape of a double bottom in blue, confirming a long-term shift in momentum to bullish. 🏹 The bulls already took over by breaking above the upper blue neckline. As per my trading plan, as DYDX retests the zone, I will be looking for buy setups on lower timeframes to catch the next impulse movement upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
25
$ATOM - Cosmos Layer 1 - 50% Potential$ATOM - Cosmos Layer 1 Blockchain - 50% Gains Potential Developers have built hundreds of blockchain projects on Cosmos, including Binance Chain (BNB), Terra (LUNA), Crypto.com Coin (CRO), Cosmos Hub (ATOM), and more. On a successful break out of $17, $ATOM has a potenital of 48% Gains, Aggressive entries only here, will be adding on a clean break out above. Support Levels - $10.5 ,$12.2 Next resistance - $16.5,$21.3,$25.5 Invalidation clean break below $9.5
Long
by NV_Cryptonian