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Bitcoin Stable After Wild RideBitcoin plummeted earlier this week off news that major exchange FTX is essentially insolvent. Binance offered to bail them out, but later pulled the deal, exacerbating the situation. Bitcoin tumbled past our level at $17.6K, deep into the $15K's before we pivoted back to $17.6K, after CPI came out softer than expected suggesting that the Fed may pivot in its hawkish rhetoric. Risk-on assets have rallied but the FTX debacle still weighs on crypto. Bitcoin is still bounded from above by $17.6K, and the Kovach OBV has barely inched up. We have had to reference levels we haven't considered in years to get the next level of support down at $15.1K.
BITSTAMP:BTCUSDShort
by quantguy
2
FTX = South Seas Trading Company 2022Could it be the great Crypto experiment of the past 8+ years is nothing more than a Vapor-Ware experiment to exploit the greed from their wealth? Remember the 1700s South Seas Trading Company? Remember the story of "great riches" to be had by exploiting the spice trade in the South Seas? Thousands of people piled into these shares after incredible stories of great riches to be had for the taking. The "greater fool" theory continued to play out - even after information came forward to show the South Seas Company was falsely stating revenues/operations. Eventually, it collapsed (along with dozens of similar scams). Are we seeing the same thing happen in the Crypto space in 2022?
FShort
by BradMatheny
2
Can the Pi cycle top predict the bottom?Can the Pi cycle top predict the bottom as well? Yes it can, it has on three different occasions. Coupled with the investors tool not only has it predicted 3 bottoms within 10 days but also the percentage within 7%. In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%. both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support. SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks. We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have. Cheers and thanks for looking If you have any questions or comments please don't hesitate to comment below.
BNC:BLXLong
by WeAreSat0shi
3
Does history repeat?The question here is, if history repeats and how accurate it may be. Well so far it has on two other occasions irrefutably along with the RSI. As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence. I also have linked another chart with similar evidence in as well. Let me know what you think in the chat below. How strong do you think historical data is? Do you think it likely plays out ? Is this time different? *Always drink and invest responsible*
BNC:BLXLong
by WeAreSat0shi
2
BITCOIN - Long-Term Log View!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 📉 From a long-term perspective, BTC is overall bullish trading inside our green channel. Moreover, the green zone (10k - 12k) is a resistance turned support. We are in a correction phase, but the question is, till when / where? ⏱ Let's compare this correction to the previous two corrections: 📌1- The previous correction were around -86% -86% for the current correction would be lining up with the green trendline and support zone (10k - 12k). 📌2- At the end of every previous correction, MACD shifted from dark red to light red. To be precise, after 3 consecutive higher lows of the light red MACD bars, we tend to have the reversal, confirmed by a break above the EMA. If we follow the same logic for this correction, we are still waiting for a third higher light red bar on MACD . Will it be next month? 🗒 Meanwhile, we would be bearish and our main rejection would be around the green support zone . And of course, before we buy, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
45
November 11 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart With the outbreak of the FTX liquidity collapse event, major cryptocurrencies are facing the crisis of Lehman storm. Cryptocurrencies extended their sharp decline yesterday. But as Asian markets opened, Bitcoin climbed back above $16,000. The release of better-than-expected inflation data at the same time caused a sharp rebound in Bitcoin to near $17,000. The continuation of this round of cryptocurrency rally still needs to be carefully observed. Today’s Cryptocurrency Headline Shell Plans to Launch a Liquid-Cooling Solution for Bitcoin Miners Next Year Shell, one of the world's largest oil and gas companies, will kick off its Bitcoin mining initiative at the 2023 conference in Miami, where the company will showcase its new liquid-cooling solution aimed at improving the bitcoin mining industry, according to Bitcoin Magazine. 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
Weekly Analyze of the Crypto Investing in November, 2022Date: Nov 07,2022-Nov 11, 2022 This week, the crypto market has experienced a rapid decline under the influence of news. BTC's weekly structure broke out of the third period of decline. After the daily line fell back, the decline accelerated, breaking the lower edge of the range and hitting a new low. The index rebounded on Thursday on expectations of slower rate hikes. Although it cannot reverse the downward trend, it can at least be repaired by relying on the previous low. The support range is 16000-16400, and the resistance range is 18000-18500. ETH's weekly line broke through the previous swing low but did not make a new low. Instead, it reached the previous low consolidation area, and the trend was stronger than the broader market. However, the exchange rate of Ethereum against Bitcoin is in a high resistance area, so there is an expectation of compensation. If the daily line does not break below 1150 for the second time, it will continue the rebound trend, with a support range of 1140-1170. Otherwise, the downtrend extension will test the 1000 mark support. The critical position is 1300, and the resistance range is 1380-1420. Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market. (All for reference only, plz invest rationally)
by VtradingGlobal
3
Bitcoins first time ever!! This may be concerning.What is it that bitcoin has done for the first time ever? well, it's two things. Moving average legend Yellow 50 week red 100 week purple 200 week white 300 week First being, the cross of the 50 week and the 100 week had meant the bottom was in and there was never a lower low after that point. In fact it would rally up to the 50 week and meet it as resistance. Second being, Bitcoin had never breached the 300 week moving average before. The first time it touched it was in the covid crash of 2020 but it didn't breach it and actually took a very strong bounce off of it. So this could have been for telling of the future for but were we paying attention? Well not only has bitcoin been battling with Moving average, it just breached it substantially. Not all is lost yet as the week hasn't closed yet. Bitcoin needs to close above 18.1k for this not to happen. The good news is Bitcoin does have a bullish divergence on the RSI and price so let's keep an eye on it and see how it reacts now that it's pierced this moving average. I just added the 400 week Moving average (green) on the chart and oddly enough it sits on one the strongest support of Bitcoins history @ 13.7k So if Bitcoin doesn't close this week above 18.1k, and meets this 300 MA as resistance next week, you best believe we will go lower to 13.7k Thanks for looking and leave thoughts or questions in the comment section. WeAreSat0shi Not investment advice>
BITSTAMP:BTCUSD
by WeAreSat0shi
Litecoin Rallies off Inflation DataCrypto has had a wild ride the last 24 hours, and Litecoin is not an exception. First, the FTX situation sent LTC tumbling from highs in the $70's, all the way down to the origin of the rally in the low $50's. We were able to puncture $50.64, a relative low, and strong level of support and dive into the $40's. However CPI data saved the day for crypto and other risk-on assets when it came in softer than expected, sending Litecoin flying back to the $50's. Currently we are at the edge of the $60 handle, where a red triangle on the KRI is confirming resistance. If we are able to break into the $60's, then $61.75 is the next target. If we reject current levels, then $55.84 should provide support.
BITSTAMP:LTCUSD
by quantguy
Inflation Data Fuels Ethereum RallyEthereum fell to our level at $1100 as the FTX situation worsened with Binance pulling out of the deal. We hit our support level at $1100 exactly, and saw a nice pivot there. This morning, at 8:30AM EST, US inflation data came out softer than expected, causing all risk-on markets to rally as this means the Fed is expected to ease their hawkish rhetoric for the first time in months. Ethereum blew through several levels above, including $1235 and $1288. But $1341 is still a barrier. It is likely that we will range about these levels for now, until the market fully prices in CPI data. If we retrace, the $1200's should provide support.
BITSTAMP:ETHUSD
by quantguy
2
The Next Move in Bitcoin's Wild RideBitcoin has exhibited some of the most volatile swings in the past 24 hours as it has in the entire time we've been following it. First, the FTX debacle worsened as Binance reportedly pulled out of their deal to by the insolvent company. This sent BTC to yearly lows, cracking our absolute lower bound at $17.6K. But we didn't stop there. Bitcoin continued to sell off, careening through the $16K handle, finally finding support in the $15K's. We saw levels displayed on the chart we hadn't seen in years. We finally found support just above our level at $15.1K. Just now (at 8:30 AM EST), US inflation data came out weaker than expected, suggesting that the Fed may finally be able to ease their hawkish stance. This fueled a rally in all risk-on assets, including cryptos. Bitcoin rallied, pivoting off lows, and made an attempt at $17.6K from below. We appear to be meeting prohibitive resistance here, and expect BTC to range just below this level for the time being. If we are able to break through, then $18.6K should provide resistance.
BITSTAMP:BTCUSD
by quantguy
November 10 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin extended its losses yesterday, briefly dipping below $16,000 and breaking through an earlier support point. In the short term, bitcoin is currently fluctuating in the range of $15,000 to $18,000, with upward pressure near $18,500. The bearish trend in bitcoin has strengthened at the daily level. Today’s Cryptocurrency Headline Twitter Subsidiary Registered With FinCEN as a Money Service According to a registration filing with The U.S. Financial Crimes Enforcement Network (FinCEN), the Twitter subsidiary registered its money services business with FinCEN on November 3. The registered entity is Twitter Payments LLC, according to The Block. The company was founded in Washington State in August. FinCEN oversees the activities of the US money services business, which is part of the Treasury Department and to which registered companies must report suspicious transactions. The filing came shortly after Musk bought the company for $44 billion, and Musk had previously considered turning Twitter into a so-called "everything app." According to Reuters, Musk has talked about expanding Twitter's service to include encrypted payments. 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
Litecoin Retraces All GainsLitecoin has compeletely retraced all gains from the Moneygram news. We blasted through the $50's, reaching as high as the $70's, before the FTX news slammed crypto markets. Liquidity and solvency issues came to light as Binance announced it was buying non-US divisions of another major crypto broker, FTX. Litecoin has subsequently retraced all gains, plummeting back to our level at $55.84. We are currently finding support at this level, but another selloff could take us deeper into the $50's, with support at $51.92 or $50.64 to provide a floor for now.
BITSTAMP:LTCUSDShort
by quantguy
1
FTX Insolvency Slams Ethereum Ethereum has plummeted from highs after forming a double top at $1653. This follows insolvency and illiquidity fears as Binance has offered to rescue the non-US divisions of FTX, another major crypto broker. Most of the majors have smashed through significant lows, and Ethereum has erased all monthly gains and then some, smashing through the $1200 handle as it shed more than 25%. We made it as low as the $1100's before a violent whipsaw established a low (for now). We expect $1100 to hold for the time being, but another selloff could take us closer to the $1K barrier. We will have to break through $1235 before attempting higher levels.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin Slammed After FTX Meltdown!Bitcoin has melted down, as the FTX platform faces insolvency issues . Binance came to the rescue, offering to rescue non-US divisions of the company. This follows a bank run in FTX's token, FTT, after Binance sold over $1B of the token, causing a 'bank run' which impacted the entire crypto market. The whole ordeal spurred worries of liquidity and solvency issues in crypto. Major cryptocurrencies plummeted as did the stock of any major platform that sells crypto (e.g. Coinbase and Robinhood). Bitcoin was edging higher, making meager gains. It was starting to look like it was able to hold the $20K's, but after the news it plummeted down to the $18K's, which we anticipated as a floor. This was not the end of the move, as the selloff bled into the APAC session. We have now breached our (yearly) low of $17.6K, which we anticipated to hold as a floor. We are currently hovering below this level at $17.5K or so. If we can manage to pivot, watch for Bitcoin to claw itself back to $18.6K, where we may equilibrate as the markets digest the news.
BITSTAMP:BTCUSDShort
by quantguy
1
November 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin's downtrend isn't over yet, which means risks remain in the crypto market. But a more optimistic scenario is that the price of Bitcoin has broken through the previous low. History does not simply repeat itself, and market bottoms are usually accompanied by significant events. High - risk insolvency events are likely to lead to stronger regulation. For market participants and exchanges, a cautious investment attitude is needed. In the short term, $18,000 remains the most important psychological line of defense for BTC. Today’s Cryptocurrency Headline Meta Will Begin Laying off Employees Meta CEO Mark Zuckerberg told hundreds of executives on Tuesday that the company would begin laying off workers on Wednesday morning, according to the Wall Street Journal. Zuckerberg blamed himself, saying he was responsible for the company's missteps and overstaffing. As previously reported, people familiar with the matter said Meta is planning to begin large-scale layoffs this week. The layoffs are expected to affect thousands of employees, and company officials have told employees to cancel nonessential travel starting this week. Meta reported more than 87,000 employees at the end of September. This will be Meta's first major layoff since its inception. 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
Bitcoins Peculiar Elliot Waves! #2This chart is a second look at " Bitcoins Peculiar Elliot waves" In this analysis we are assuming that wave 3 has not finished yet, but should do so by summer next year. June @ 95 bars would mark a 2.5 lengthened cycle from the first first wave. The next look is into an a possible extended bear market with the bar length all clearly marked, at this point for me it's just an educated guess. I want to note that price is not the emphasis of this outlook, it is cycle and time line based...So please don't get caught up on price points. I have listed the original "bitcoins Peculiar Elliot Waves" in this chart as well. take a look and let me know what you think down below. The answer to this one is sooner than later so we'll know how valid this cycle analysis is by midpoint next year. Also please do not take any of this as investment advice, it's just an observation and should be taken as educational. Thank you for looking and stay blessed! WeAreSat0shi
BNC:BLX
by WeAreSat0shi
2
Litecoin Holds the $60'sLitecoin made a run for the $70's, with $73.62 providing resistance. This turned out to be a ceiling for now, and Litecoin dropped with the rest of the crypto market back to the $60's. We did not retrace the entire move back to the $50's, which is reassuring. We are currently seeing support in the mid $60's around our level at $64.37. A wick extended down to $61.75 which held nicely. Watch for Litecoin to range around these levels in the $60's as it finds footing. Beware of the vacuum zone below to $55.84.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Gives Up the $20K'sAs predicted, Bitcoin retraced significantly, giving up the $20K handle entirely. It was looking like crypto was going to make a run for higher levels in the $20K's and bulls were already celebrating the next pump. However, reality set in and Bitcoin crashed through support at $20.7K. We are currently seeing support from $19.5K and are hovering below $20K at the time of this writing. This should provide some resistance. The Kovach OBV has dropped, but appears to be leveling off. We may seem some ranging here as the markets digest the drop and Bitcoin finds footing. If not, then $19K should provide further support with $18.6K a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
1