#btcstarburst BTC DANGER!!Fuse candles ready to be lit like a ticking time bomb…This is a sure sign of manipulation. When BTC can not fully compete a candle body over and over… Danger is in the market. The FED says Pivoting the DXY is moving strangely… link is picking back up… DCA safely this is a Gann study
Blockchain
Litecoin Forming Bull Flag?Litecoin has pulled back from our level at $55.84, but is holding the $55's. We appear to be forming a large bull flag, and if momentum can continue, we may be able to break out. But we need to see more buying interest in the crypto market in general. It is likely we will continue to range here a bit and establish value. If we retrace, the low $50's should provide support.
Ethereum Pulls BackEthereum has pulled back from highs at $1653 or so. Multiple red triangles on the KRI suggest strong resistance here. We are seeing good support from $1547, which suggests that we are likely to range between these two values before another possible breakout. Such a breakout could take us to the $1700's where we will immediately see resistance from a cluster of levels, acting as a barrier to the $1800's. If we retrace further, $1424 should be considered a floor.
Bull Flag BitcoinBitcoin has retraced a bit from highs around our level at $20.6K. Attempts to break higher have been rejected, and many red triangles on the KRI seem to indicate that $21K is a ceiling. We do appear to be forming a bull flag pattern, which will require some momentum follow through to break out. If not, we are likely to cross the vacuum zone down to support at $19.5K or $19.0K. We expect $18.6K to hold as a floor price.
November 1 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the latest CoinShares report, digital asset investment products saw a net inflow of $6.1 million last week. Bitcoin is down 0.68% over the last 24 hours and fell to an intraday low of $20,240.00. The volatility of Bitcoin has reduced since Saturday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The Fed is expected to hike rates by 75 basis points this week, as core inflation remains at historical highs. Investors will look for any signals the Fed may be considering a deceleration in interest rate hikes in the future. If the Fed pivots from its hawkish interest rate hikes, we could witness all risk assets rise in the future.
Today’s Cryptocurrency Headline
Singapore Pilots Tokenized Fiat with Smart Contract Capabilities
Singapore-based financial services group DBS is partnering with Open Government Products, a tech team within the Singapore government, to pilot the tokenization of the digital Singapore dollar. The pilot is part of the MAS-led CBDC technology exploration project “Project Orchid” launched last year to enable a programmable digital Singapore dollar. DBS will issue digital Singapore dollars, while Open Government Products will enable smart contract capabilities in the future.
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.
Resistance has broken, MATIC has a potential to hit $1The euphoric feeling around the coin has also resulted in a large increase in daily trading volume, which has increased by more than 72% in the last 24 hours to $661 million. At the time of publication, MATIC's market value was $8.2 billion. One of the causes has been recognised as the increased sales and trading volume of Reddit NFT avatars, which are facilitated by the Polygon network.
. Polygon's recent agreement with Nubank backed by Warren Buffet is regarded as a favourable move for this network.
. The creator of Billions TV series, where Alex Honnold (Sponsored by TradingView) made his debut SHOWTIME, recently announced a collaboration with Polygon.
. PolygonScan reports that there are over 170 million distinct Polygon addresses. In only one month, the network has gained 2.3 million new addresses at a rate of about 150,000 each day. However, as of press time, MATIC was trading in the green, up 2.55% from the previous day.
The overall sentiment suggest an impending short term bullish momentum, Stochastic Gradient Descent factor by 80% favorable odds.
Can Litecoin Breakout??Strength in the crypto market has permeated Litecoin, lifting it from the low $50's to our target of $55.84. We are currently hovering around this level, with some attempts at higher levels thwarted. We do appear to be in the midst of forming a bull flag pattern with an apex about $55.84, so we will see if we have enough in the tank for a breakout to the $60's. If not, $51.94 will provide support.
Can Ethereum Continue to Rally?Ethereum has shown considerable strength, dominating the crypto market as it edges higher. We keep making higher highs and solidifying new upside targets. We have crossed through the vacuum zone to $1547, breaking that with ease. Then we were able to swiftly hit our next target at $1653. Red triangles on the KRI are confirming resistance here and we are pulling back slightly. However, $1547 is providing strong support. If we are able to break out again, the next target is $1694. Dedicated readers will remember that we will encounter significant resistance from a cluster of technical levels in the $1700's after that.
Bitcoin Attempting a Breakout?Bitcoin is wavering around our upper bound, and target of $20.7K. We are really struggling to break through this level, with multiple attempts and many red triangles on the KRI confirming the resistance. However, with strength in stocks fueling a risk-on rally, we may be able to see a break out. We do appear to be forming a bull consolidation pattern, possibly a wedge or a flag. If we are able to break out then $22.4K is the next target. If we reject current levels, expect support at $19.5K or $19.0K.
October 31 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, the number of ETH non-zero addresses reached an ATH of 88,490,369. Bitcoin is down 0.86% over the last 24 hours and fell to an intraday low of $20,515.00. The largest cryptocurrency maintained positive upside momentum during the weekend, and it attempted to break the psychological level of $21,000 on Saturday. But the price was not able to hold above $21,000, suggesting the sellers are active at higher levels. Currently, the $20,800 to $21,000 price zone is the main barrier for Bitcoin, as the price is struggling to hold above this zone after a few failed attempts. If the price breaks above this zone, the BTC/USDT pair could rise to $22,500.
Today’s Cryptocurrency Headline
Revolut to Allow Customers to Make Purchases with Crypto Balances
Digital banking firm Revolut will launch a crypto spending feature on November 1, enabling customers to use their crypto balances to pay for everyday purchases using their Revolut card, customers will also be able to earn 1% cash back on all their crypto balances spent for a limited time.Revolut's new feature comes after the U.K.-based firm won registration from that country's Financial Conduct Authority to offer crypto services in the U.K. following a lengthy wait to gain approval.
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 - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
BTC broke above the H4 range so the bulls took over from a medium-term perspective.
Now as BTC retests the upper red level, 20k and previous orange low, we will be looking for trend-following buy setups.
The bulls will remain in control, as long as we are above the last orange low and orange trendline.
on H1: Right Chart
We are currently bullish from a short-term perspective. For the bears to take over and start a short-term correction, we need a break below the last low in gray. (just like previously on the left)
If we get that break below the gray zone, then we will expect a short-term bearish movement till the support zone as mentioned from H4.
And then we will be waiting for the bulls to take over again by breaking above a new minor high and upper blue trendline.
Meanwhile, BTC would be bullish short-term and can still break that previous H4 high (21100) now and trade higher from here.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin and Elliot playing in the waves of time!This chart by no means is a price prediction. It's a look into a possible future for bitcoin in the coming years based on Elliot wave theory. In this chart I am are assuming that Bitcoins next move is the start of wave 5 in Elliot wave theory. When ever it ends the theory states that a massive ABC correction will follow, which would kill the mania and be bitcoins first true BIG bear market. This correction ( crash ) would not only be devastating by price but also by time, as it would most likely last multiple years and be the longest bear market to date. It would physiologically kill the market, and it's this this bear market that would likely kill all the shit coins and show which projects will last for years to come. It's only a devastating crash like that would cleans the market of scams, that would then catapult all the survivors to the next level in the eventual impulse wave 3!
Time frame
My time frame for this to start is 2026 to 2029. It all depends on how long it takes for the first impulse wave of wave 5 takes.
How long will the bear market crash last?
The question that everyone would answered is the one question that no one can answer. It could be that some or most people might not see new highs for the rest of their natural lives... So 10 to 30 years... But I would say most likely 10 to 15 years would be in the cards.
What about adoption?
I believe that in this bear market is when the true adoption and the realization of the use and necessity of Bitcoin/blockchain/defi to the masses. This is where Bitcoin gains critical mass in my opinion, but it will take a long time. This is all hypothetical of course providing we haven't lost technology through war or any other interruptions.
This is my outlook for the next decade or so, but I might be getting ahead of my self.
Let me know what you think in the comment section down below.
Thanks for looking
*The only certainty is, that there is no certainty *
Litecoin Holds the Low $50'sLitecoin has retraced to support in the low $50's, where we got a small pivot and a burst of momentum, that seems to have petered out before even testing our next level at $55.84. We are likely to continue to hold the range between this level and $51.92. A retracement should find support here or at $50.64.
Can Ethereum Continue the Rally?Ethereum retraced and then pivoted sharply as stocks have rallied despite the Amazon stumble. We are currently making another run for $1547, with a red triangle on the KRI indicating resistance. We have a wide gulf of a vacuum zone below to $1424, but if ETH retraces sharply, it is reasonable. If not, $1653 is the next target.
Bitcoin Makes Another Attempt for $20.7KBitcoin has retraced, but has pivoted with stocks and we are seeing a renewed rally. We will see if we have the strength to test $20.7K again, but we are looking a bit weak. The Kovach OBV is still bearish and has not registered the pivot. If we are able to somehow breakout past $20.7K, then $22.4K is the next target. Othwerwise, expect support at $20K, $19.5K or $18.6K, the latter of which we expect to hold as a floor price.
Digibyte and its growth history #2Hello everyone, here we have a chart of Digibyte on on the two week time line. This chart has three Indicators, The CM ULTIMATE MA MTF the STOCHASTIC RSI and the RSI . The thing to look for here is confluence between all three of these indicators. One of them could be telling us that a strong move could be coming or it could be a false signal, let's keep an eye on it (STOCHASTIC RSI)
When will fireworks start?
1 Stochastic RSI must be above 20 CHECK
2 RSI above 47 (the yellow line) NO CHECK
3 CM ULTIMATE MA change to green and price action above it. NO CHECK
short term (next year) target is 4 to 5 cents, long term (2025) targets are .90 cents all the way to $2.59.
digibyte.org
This not financial advice and should not betaken as such.
finally the attractive 3rd wave?crab harmonic pattern:
X=$0.276
AB=0.61 XA
BC=0.38 AB
1.6 BC=$0.047
0.78 XA=$0.056
2 BC=$0.093
0.88 XA=$0.118
2.24 BC=$0.142
2.6 BC=$0.277
1.13 XA=$0.729
3.6 BC=$1.61
1.27 XA=$2.1
4.23 BC=$4.79
1.41 XA=$5.89
1.6 XA=$27.85
Butterfly, triangle, flagbutterfly harmonic pattern:
AB=0.78 XA
BC=0.88 AB=$0.034
tp1=0.78 BC=$0.47 or 0.88 BC=$0.65
tp2=0.88 BC$1.29
tp3=1.6 BC=1.27 XA=$7.5
tp4=1.6 XA=$34
tp5=2.24 BC=$53
Litecoin Holding the Mid $50'sLitecoin blasted through our level at $55.84, and came just shy of $58 before retracing to support. We are seeing green triangles on the KRI at $55.84 serving as confirmation of this support and are likely to hold this level as Litecoin equilibrates with the rest of the markets. The next target is ambitious at $61.75. If support fails, then we could retrace back to $51.92 with $50.64 a likely floor.
Ethereum Still StrongEthereum has continued to rally, rocketing up to our next level at $1548. As predicted, this level is holding with red triangles on the KRI confirming the resistance. It appears we are stalling here for now and potentially may range for a bit to establish value as the markets equilibrate. If we are able to break out from here then $1653 is the next target. If not, we could retrace all the way back to $1424, with $1341 a likely floor.