Bitcoin (BTC/USD) Daily Chart Analysis For Week of Nov 25, 2022Technical Analysis and Outlook:
Bitcoin has repeated bounce from our Key Sup $15,850 on Nov 21. The coin is currently positioned to punch to the Mean Res $17,600 and subsequently to Outer Coin Rally $19,100. The down-trend projects for the next Outer Coin Dip of $12,400 in the foreseeable future are being delayed.
Blockchain
NEAR - Long-Term View! ✒️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NEAR has been overall bearish for a while and it is now approaching a strong weekly support and round number 1.0 in green.
NEAR is forming a channel in red. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in orange
Meanwhile, until the buy is activated, NEAR would be overall bearish and can still trade lower till the lower red trendline and 1.0
In this case, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
November 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The latest Federal Open Market Committee (FOMC) released minutes yesterday, which shows that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.” Bitcoin is down 1.53% over the last 24 hours and fell to an intraday low of $16,449.62. Despite the good news from FOMC, the market sentiment is still weak as The Crypto & Fear Index is still in the extreme fear territory. The market is still focusing on the liquidity issue of Genesis Trading, and if Genesis Trading solves its liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500.
Today’s Cryptocurrency Headline
Ledger Rolls Out ‘Crypto Life’ Debit Card
Crypto wallet maker Ledger is rolling out its crypto debit card across the UK and Europe. Ledger’s Crypto Life (CL) card allows users to transfer cryptocurrencies between Ledger hardware wallets and card accounts through the companion app Ledger Live. Developed by London-based fintech firm Baanx, CL is similar to other crypto cards already launched, allowing customers to earn 1% crypto rewards in Bitcoin or USDT, or 2% in Baanx’s native token BXX when they spend funds. Lithuanian banking-as-a-service provider Contis Financial handles custody of all funds kept on the card.
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.
BTC Detailed Top-Down Analysis - Day 106Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
106 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
November 24 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.23% over the last 24 hours and rose to an intraday high of $16,798.00. The Crypto & Fear Index is still in the extreme fear territory, and the relative strength index is below the midpoint, suggesting that the market sentiment is still weak. The liquidity issue of Genesis Trading remains unresolved, but the firm confirmed that it has hired investment bank Moelis & Co to talk with potential investors today. If Genesis Trading solves their liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500.
Today’s Cryptocurrency Headline
DBS Completes Fixed Income Trade on Onyx
Singapore-based DBS Bank said it has completed transactions in fixed-income products through Onyx, JPMorgan Chase's blockchain-based fixed-income trading network, becoming the first Asian bank to use the network. BNP Paribas previously joined JP Morgan's blockchain network Onyx for fixed-income trading. Goldman Sachs (GS) has also tapped JPMorgan's network Onyx for repo transactions.
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.
November 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.91% over the last 24 hours and rose to an intraday high of $16,294.00. The largest cryptocurrency rebounded above the $16,000 price level today, but there is no clear signal that the price has reached the bottom. The liquidity issue of Digital Currency Group and Genesis Trading remains unresolved, investors need to maintain a risk-off stance against the potential bankruptcy of Genesis Trading. However, if Digital Currency Group and Genesis Trading solve their liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500.
Today’s Cryptocurrency Headline
Ark Invest is Buying Millions of GBTC Shares
Cathie Wood's Ark Investment Management is buying millions of dollars in GBTC stock. Ark Invest Management bought more than $1.4 million worth of GBTC stock on Monday and bought 315,259 GBTC shares worth $2.8 million last week. Ark currently holds nearly 6.357 million GBTC shares, accounting for 0.4% of the company's total investment.
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.
BKCH | Good Entry Point | BlockchainThe fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund is non-diversified.
Litecoin and it's historical patternsLitecoin on the two weeks has already secretly started building momentum as shown by the STOCHASTIC RSI on the very bottom. This move should carry it up into the yellow box to consolidate until it does it's final break out to new highs. Once the fifty dollar price point leaves it will most likely be gone fore ever. It's new should be around one hundred dollars.
Litecoin facts.
1 The mimble wimble addition has added privacy to Litecoin
2 Litecoin is the longest running chain without interruptions and has actually never been down
3 Litecoin will undergo its third halving on the 14th of July 2023 and will go to 6.25 block rewards which as rare as Bitcoin until bitcoins next halving in 2024
This is not financial advice.
November 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to CoinShare, digital asset investment products saw inflows totalling US$44m last week, but short investment product inflows represented 75% of the total inflows. Bitcoin is down 1.1% over the last 24 hours and fell to an intraday low of $15,461.92. The largest cryptocurrency fell below the November 9th low of $15,588 after the news of Genesis Global Trading could face potential bankruptcy came out, suggesting that the investors are extremely nervous about the potential bankruptcy. As Genesis Global Trading is considered the largest lending desk in the cryptocurrency industry, the fall of Genesis Global Trading could damage the cryptocurrency industry heavily, and the BTC/USDT pair could drop to $12,000.
Today’s Cryptocurrency Headline
Genesis Trading Warns of Possible Bankruptcy
Genesis Global Trading has mentioned bankruptcy as a potential option as it seeks fresh capital. Its financing target has been halved from US$1 billion to US$500 million. Parent company DCG is unwilling to sell part of its venture portfolio and has no plans to sell another company, Grayscale. According to previous news, Genesis Global Trading has suspended redemption and new loan issuance. DCG said that the business operations of other subsidiaries have not been affected, and DCG has injected $140 million in equity into Genesis Global Trading.
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.
BTC - Mayday... 🛩 Mayday... 🛩Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
BTC has been trading in a range in the shape of a symmetrical triangle / pennant.
As per my last analysis here, If BTC breaks below the lower bound of the pennant and 15700 previous lows, then expect that bearish continuation pennant to get activated.
In this case, we will be expected the bearish movement (projection) to be almost the same size of the previous bearish impulse. Which would bring us to the 12k weekly demand zone .
If the above happens... Brace For Impact!
Meanwhile, until we break below 15700, the bulls can still kick in for a short-term bullish relief.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
November 21 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 2.84% over the last 24 hours and fell to an intraday low of $16,123.01. The largest cryptocurrency continues to trade in the $16,000 – $17,000 price zone during the weekend as investors continue to maintain a risk-off stance. The downsloping moving averages and the relative strength index (RSI) in the negative zone, indicate that the bears are in control. If the BTC/USDT pair drops below the $16,000 price level, the pair could retest the November 9th low of $15,588.
Today’s Cryptocurrency Headline
Crypto Financial Services Firm Unchained Capital Cuts About 15% of Staff
Unchained Capital, a crypto lending platform, announced about 15% layoffs and transferred its head of business development, Parker Lewis, to the board of directors, and chief product officer Will Cole to a senior advisory position. Company co-founder and CEO Joe Kelly said on Friday that while Unchained has never had exposure to FTX, Alameda, or any other institutions which have lost client funds, "funding for bitcoin-backed loans has been materially constrained by recent market events." On the other hand, Joe Kelly pointed out that the company is seeing record highs in new client numbers, Bitcoin deposits, and trading volumes, and the loan book currently has a 214% collateral-to-principal ratio.
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.
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Nov 18, 2022Technical Analysis and Outlook:
Bitcoin has repeated bounce from our Key Sup $15,850 on Nov 14. The coin is currently positioned itself to hit the Key Sup $15,850 and completed the Outer Coin Dip marked at $15,500, launching sharp upside movement to Mean Res $17,600 and Outer Coin Rally $19,100. The down-trend projects for the next Outer Coin Dip of $12,400 in the foreseeable future is being shelved for now.
November 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Circle's official website, over the last seven days, the amount of USDC in circulation, as of November 16th, has increased by about $2 billion, or about 4%. Bitcoin is down 1.74% over the last 24 hours and fell to an intraday low of $16,529.69. The largest cryptocurrency continues to trade in the $16,000 - $17,000 price zone as investors remain cautious to assess the negative impact of the FTX crisis on the cryptocurrency industry. If another large cryptocurrency company becomes insolvent, the BTC/USDT pair could retest the November 9th low of $15,588.
Today’s Cryptocurrency Headline
Sui Testnet Wave 1 Goes Live
According to the official announcement, Sui, the Layer 1 public chain developed by Mysten Labs, announced the launch of Testnet Wave 1, which focuses on operators, especially validators and full-node operators. The Testnet Wave 1 network will run for approximately two to three weeks and will be closed when the goal is achieved. This is the first instance of a Sui Network working with non-Mysten Labs operators, and an important step towards a decentralized Sui Mainnet.
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.
November 18 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.04% over the last 24 hours and rose to an intraday high of $16,987.00. The largest cryptocurrency has been trading sideways between $16,000 to $17,000 since 12th November, and the volume has decreased significantly, suggesting that investors continue to maintain a risk-off stance. If the price sustains below $17,000, it will increase the prospect of a break below $15,588. If that happens, the BTC/USDT pair could extend its decline to $12,200.
Today’s Cryptocurrency Headline
Nexo Made a $850 million Takeover Offer to BlockFi
Crypto lending firm Nexo made an unsuccessful bid to acquire struggling rival BlockFi for $850 million in July. The deal includes the acquisition of a 51% stake in BlockFi for $30 million and a $500 million line of credit. The offer was made in July when BlockFi was in financial trouble after losing $80 million on its exposure to Three Arrows Capital. BlockFi rejected Nexo's offer and chose to stick with a non-final deal with FTX.US.
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.
Bear Flag broken on the1D, expected drop to 19-17k
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC quick update.
BTC broke the bear flag in the 1D time frame that was expected from the last few days. If prices closes below then we now can expect price to touch $19k area of support level at least.
WHY I'M ON BEARISH
1) Price broke the bearish flag pattern.
2) MACD is confirming the Bearish momentum
3) Volume continuously going down
4)"Super trend" breakout on the daily confluence with all signals down.
What do you think guys?
Share your views in the comment section.
If you agree with my points then do hit the like button.
Thank You!
The Bitcoin Experiment!First off I want to say, don't take this as gospel. This is a chart to follow bitcoin and plot it's path using math and it's trend patterns to date.
The time sequences from a factor of 1.4, 1.5 and 1.6 are what the math shows me
1.4 Multiple being the trend from establishment (support) to trend end
1.44 Multiple is the breakthrough to the trend end
1.5 Multiple is the breakthrough to peak (Shaded area)
You follow chart this until it's voided
1.6 Multiple is from peak to peak (Long Green arrow) This math is using the second peak in November 2021
1.3 is the multiple using the first peak in April 2021 (shorter green line), which puts the second parabola and final top of the trend in July of 2031.
History might not repeat exactly but it does seem to follow the patterns fairly closely. Using math sequences we might be able to figure out approximate moves fairly closely.
For this chart to have present or very near timeline validity, the next few bars should push up against the blue line as resistance just as it did on the red line in 2014. So, Let's wait and see into December to see what happens.
The blue and red regression trend shows a similar pattern with three waves down until the final plunge of the trend line break through.
If accurate, this chart can help you navigate through the Bitcoin timeline, as it can help you see what stage it is in, or at least to get a better grasp of the moves.
Please feel free to comment your thoughts below
Thank you for looking
WeAreSatoshi
Stay Blessed!
BTC Detailed Top-Down Analysis - Day 103Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
103 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
November 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 1.64% over the last 24 hours and fell to an intraday low of $16,363.63. The largest cryptocurrency attempted to recover after a few days of decline but the recovery ended quickly, suggesting that investors continue to maintain a risk-off stance. The relative strength index (RSI) is in the negative territory and the Crypto Fear and Greed Index is in extreme fear territory, suggesting the market sentiment is weak.
Today’s Cryptocurrency Headline
Genesis Trading’s Lending Unit Halts Customer Withdrawals
The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations, interim CEO Derar Islim told customers on a call Wednesday. Genesis is looking at solutions for the lending unit, including finding new sources of liquidity and intends to detail its plans to clients next week. In addition, Derar Islim said that Genesis's trading and custody business operates independently and will not be affected.
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.
November 16 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is currently trading near $16,900. However, the overall trend of the cryptocurrency market is still downward. BTC yesterday after falling back to $15,800 this support level encountered a strong rebound, pulled up to $16,800 for a short period of sideways volatility, which shows that the current bulls expectations are still high. Bitcoin recently experienced its highest daily and weekly trading volume ever. Entering the current volatility is a risky strategy. Instead, it is still safest to wait for bullish price and volume confirmation before entering low-risk crypto trading.
Today’s Cryptocurrency Headline
Digital Asset Basic Act in South Korea Is Expected to Be Introduced Next Year
Kim So-young, vice-chairman of South Korea's Financial Services Commission, said that given the urgency of protecting users, basic regulatory standards should be set first and supplemented, rather than waiting for international standards. The FTX crisis has shown the need for regulatory mechanisms to prevent unfair trading and ensure that virtual asset service providers meet their obligations to protect user assets, while service providers should be prohibited from issuing tokens. South Korean government officials are currently drafting a comprehensive regulatory framework, known as the Digital Asset Basic Act, which is expected to be finalised next year. The bill will be made up of 13 proposed crypto legislation currently before Congress.
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.
📌 BTC - Episode 101 - My Most Detailed Update To Date!Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
101 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bull Divergence in Bitcoin?Bitcoin has picked up, but is still bounded by $16.8K or so. We appear to be attempting to form a bull wedge pattern. The Kovach OBV has picked up notably, which could indicate a divergence, and suggest a potential breakout. The FTX news still weighs on the entire crypto market, so we are not hopeful of a significant bull rally. However a breakout could easily test $17.6K. If things turn south then $15.6K should provide support.
November 14 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, ETH balance on exchanges reached a 4-year low of 20,099,642.608 ETH. Bitcoin is down 3.64% over the last 24 hours and fell to an intraday low of $16,079.00. The largest cryptocurrency extended its losses during the weekend as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. Rumors about another major crypto exchange also facing a liquidity crunch have spread on Twitter. If more CeFi providers fail in the upcoming weeks, the results could be devastating for crypto investors.
Today’s Cryptocurrency Headline
DFPI Moves to Suspend BlockFi’s Lending License
California Department of Financial Protection and Innovation (DFPI) announced that it will suspend the license of cryptocurrency lending platform BlockFi in the state for at least 30 days. The DFPI is investigating BlockFi’s compliance with the laws within the Commissioner’s jurisdiction, including the California Financing Law. The founder of BlockFi said on November 9 that all products are operating normally and the company is a business entity independent of FTX. Earlier this year, following the bankruptcy of Three Arrows Capital, BlockFi agreed to a potential acquisition deal with FTX, which provided BlockFi with a $400 million line of credit.
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.
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Nov 11, 2022Technical Analysis and Outlook:
Bitcoin has completed our designated Outer Coin Dip of $15,500, as shown since Bitcoin Daily Chart Analysis For June 17. As a result, a massive rally was staged, creating Mean Res $17,600 launching from Key Sup $15,850 for an upcoming upside move with an additional Outer Coin Rally marked at $19,100. The down-trend projects the next Outer Coin Dip of $12,400 in the foreseeable future.