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Bitcoins Peculiar Elliot Waves! If this accurate, Bitcoin might have one of the peculiar Elliot waves cycles. The cycles so far as we can see have been clearly lengthening, but will it continue? What I am proposing here goes against that narrative but is within cycle parameters and structure as shown with the labeled length in bars . We are on the monthly chart here so every bar is one month. This is not a prediction of any sort but a wave analysis and what would be fairly surprising for a lot of people yet not derailing and still falling within past cycles. Looking at this, I really think this would catch a lot of people of guard at cycles end while correcting and preparing for the next wave most likely entering 2030. The correction would be devastating and destroy all belief in the asset. It would most likely obliterate most altcoins, only the truly good projects would survive. Let me know what you think down below. This is no means investment advice and should not be taken as such. Remember, we the people are Satoshi!! Thank you WeAreSat0shi
BNC:BLX
by WeAreSat0shi
3
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi
Bitcoin RetracesBitcoin showed signs of strength, breaking through our target at $20.7K and making a concerted effort for the next target of $22.4K. However, we met stiff resistance around $21.4K and immediately retraced. We are seeing support at $20.7K, which once provided resistance, confirmed by green triangles on the KRI. The Kovach OBV has slumped, suggesting the bull run has receded for now. We are seeing a general (weak) bull rally, but this can easily be retraced if support breaks. If this is the case, note the vacuum zone below to $19.5K. If momentum can reignite then $22.4K is our next target.
BITSTAMP:BTCUSDShort
by quantguy
1
November 7 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, the number of addresses holding more than 1 Bitcoin reached an ATH of 910,300. Bitcoin is down 1.04% over the last 24 hours and fell to an intraday low of $21,046.27. The largest cryptocurrency was trading slightly above the $21,000 price level during the weekend and broke above the 100-day moving average ($20,644) resistance on 04 November. This is the first time it has succeeded since September, and if the price sustains above the 100-day MA for another few days, it will become a strong support. If this happens, the BTC/USDT pair could rise to $24,000. Today’s Cryptocurrency Headline Argentine Fintech Uala Launches Crypto Trading Feature Argentine digital bank Uala has launched a cryptocurrency trading service, which is currently available to select users. Uala said it will offer the crypto trading feature in its app by requiring users to create an account with Uanex, a company within Uala's ecosystem, and can then use Uala's app to buy and sell Bitcoin and Ethereum. Uala has more than 4.5 million users in Argentina and also offers services in Colombia and Mexico. In August last year, Uala completed a $350 million Series D financing, led by Tencent and Softbank Latin America Fund, with a post-investment valuation of $2.45 billion. 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
ALGOOAAALLLL ⚽️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last idea (attached in the Related Ideas below), you know that I am keeping an eye on tokens that might get more exposure during the World Cup 2022. Here is a quick reminder: FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal. The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor. Source: Tweet attached on the chart 📉Technical Analysis: ALGO lately rejected a weekly support zone 0.20 - 0.30 and since then it has been stuck inside a big range. For the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.440 Meanwhile, if ALGO rejected the upper gray zone and trades lower, we will be looking for short-term buy setups as it approaches the lower gray zone again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
12
ETH/USDT IN 1 HOUR 🌟✔Hello dears🎗🎃 In the 1 Hour time frame of this cryptocurrency, we see the formation of higher floors than each other. which indicates an upward trend. This upward trend continued until the price entered the red descending channel about a week ago, it started its upward trend again with the breaking of the orange line of the 100-day moving average (EMA) and the ceiling of the red channel. Currently, the price is close to its most important resistance, which is around $1,790. In the one-hour chart of this cryptocurrency, there are no signs of decline, but when the price hits the resistance zone, there is a high possibility that the price will return to around $1,500. If Ethereum is unable to reach above the $1670 level, its first support is the 100 EMA line and the $1550 support level; It is predicted that correction up to this area can be reasonable and will not be far away. But a drop below the $1,550 level could increase selling pressure. As long as this cryptocurrency does not fall below the support level of $1,500, the trend is still bullish. Tip: The trend of Bitcoin can affect all altcoins, for more success in analysis, always have a look at the chart and the trend of Bitcoin. Sponsorships: $1550, $1500, $1350 Resistances: $1,790, $1,850 Arztoday Team💙 Analyzer✍: AR.Rashidi
by arztoday
Polygon: Remove before FlightReady for Takeoff? Polygon couldn't wait any longer and skyrocketed, before we could fasten our seatbelts. What goes up must come down, which is why Polygon has to take a dip after aiming for the stars and drastically increasing in over 23%. The sky is the limit, so we're expecting more movements upwards in the yellow target zone betweenn $1.18 - $1.33 to complete the yellow wave (3). Polygon is moving from the top down the yellow zone between $1.13 - $1.02 to turnaround to fly above the clouds and complete the yellow wave (5). Finally, it is important that the support at $0.968 should not be crossed in order to keep the upward movement going.
MLong
by MarketIntel
2
November 4 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 0.20% over the last 24 hours and fell to an intraday low of $20,030.00. The largest cryptocurrency fell towards the $20,000 price on Thursday, after the U.S. Federal Reserve increased the interest rates by another 75 basis points. The 14-day relative strength index (RSI) fell to 53.9 from 65.5 on October 26, suggesting the market sentiment has changed from bullish to neutral. Today’s Cryptocurrency Headline Goldman Sachs Partners with MSCI and Coin Metrics to Develop Cryptocurrency Classification System Goldman Sachs is working with index provider MSCI and crypto data firm Coin Metrics to develop a crypto classification service. The investment bank's crypto classification service will target institutional investors. The bank wants to help investors make sense of crypto. It is reported that the three companies have divided the digital assets world into classes, sectors and subsectors, and fund managers will be able to analyze cryptocurrencies from a more specific perspective. 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
Can Ethereum Continue the Rally?Ethereum has retraced from highs at $1653 to support at $1547. Support caved with the FOMC yesterday, but the price equilibrated just under $1547. At the time of this writing, we are just under this level, which appears to be providing resistance. If crypto can shrug off the Fed, we could make another run for $1653. After that, we will see formidable resistance from the $1700's. If we retrace further, then $1424 should be considered a floor for now.
BITSTAMP:ETHUSDShort
by quantguy
1
Bitcoin Continues to RetraceBitcoin has edged downward as hopes of a more dovish Fed were smacked down by the FOMC yesterday, which indicated further tightening is necessary. We have rejected $20.7K for now, but are meandering in the vacuum zone between this level and support below at $20K. The next target for support should be $19.5K. If this is just a pull back into a broader up-trend, then we must break through $20.7K before we can consider our next target at $22.4K. However, the Kovach OBV is weakening suggesting we will need more momentum to attain higher levels.
BITSTAMP:BTCUSDShort
by quantguy
November 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The Federal Reserve announced it was raising its key interest rate by 0.75 percentage points, the latest increase takes the bank's benchmark lending rate to 3.75% - 4%, a range that is the highest since January 2008. Bitcoin is down 1.52% over the last 24 hours and fell to an intraday low of $20,060.12. The largest cryptocurrency briefly notched a daily high at $20,800 before the Fed's announcement as the market was hoping the Fed could slow down the rate hikes. But Bitcoin price fell after the announcement because the Chair Jerome Powell said: “it was premature to think about pausing and that the peak for rates would likely be higher than previously expected.” The BTC/USDT pair is trading slightly above the $20,000 level, the buyers must hold the pair above this level in order to avoid further decline. Today’s Cryptocurrency Headline Circle Earns In-Principle Regulatory Approval in Singapore Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC), has received In-Principle Approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). This allows Circle to offer digital payment token products, cross-border and domestic transfer services in the city-state. “As one of the world’s leading financial hubs, Singapore is instrumental to Circle’s regional and global expansion plans in raising global economic prosperity,” said Jeremy Allaire, Co-Founder and CEO of Circle. 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 Rallies Over 10%! Find Out Why...Litecoin has spiked dramatically with over a 10% move taking us up to the $60's. We reached our profit target almost to the cent, at $61.75. A red triangle on the KRI confirmed resistance there, and we are currently experiencing a bit of a pullback, retracing just below $60 at the time of this writing. At present, the only justification for this move seems to be that Moneygram users can now make payments in Litecoin , in addition to Ethereum and Bitcoin. Others suggest it may be related to the Dogecoin pump. If momentum picks up, we must break through $61.75 before we can consider higher levels in the $60's. If we are not able to sustain the momentum, then we are likely to retrace this move, where $55.84 will provide support.
BITSTAMP:LTCUSDShort
by quantguy
6
Ethereum Finds SupportEthereum has steadily edged downwards after reaching a significant high and profit target of $1653. We retraced gradually from there, but are still finding support at $1547, as anticipated here, with green triangles on the KRI indicating support. The Kovach OBV is steadily trending downward, so unless ETH can get a strong bid, we are at risk of retracing the move, if support fails at $1547. If so, then $1424 is the next level down. If we can break out again, we will run into resistance in the $1700's.
BITSTAMP:ETHUSDShort
by quantguy
1
November 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to The Block's data dashboard, cryptocurrency exchange volume in October was just $543 billion, down from $733 billion in September. Bitcoin is up 0.42% over the last 24 hours and rose to an intraday high of $20,695.41. The 100-day moving average is currently acting as a strong resistance, rejecting the price to the downside. Investors are looking ahead to the next big economic event, the Federal Reserve’s monetary policy decision due out Wednesday, with many expecting the Fed to increase rates by 0.75%. Bitcoin will likely continue to trade below the 100-day moving average until the tension of tomorrow has passed. Today’s Cryptocurrency Headline Crypto Firm Galaxy Digital to Reduce Headcount by 20% Galaxy Digital (GLXY), a cryptocurrency-focused financial services company run by Michael Novogratz, plans to lay off at least 20% of its global workforce. Galaxy reported a second-quarter net loss of $554.7 million in August, more than triple the loss a year earlier, and assets under management dropped 40% from the first quarter. The company is scheduled to report its third-quarter results before the market opens on Nov. 9. Its shares were up 2% early Tuesday, but are down 80% in the past year. 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