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Bitcoin Attempts a BreakoutBitcoin has established value in the mid $19K's and appears to be making an attempt to break out. At the time of this writing we are seeing a wick above $19.5K, a strong level of resistance and upper bound to the bull wedge BTC was forming. The Kovach OBV is incredibly bullish suggesting a divergence in price that is being realized at this moment. We are currently running into resistance at $20K, but if we can break through then $20.7K will provide resistance, and is our next target. If we retrace, then $19.5K or $18.6K will provide support.
BITSTAMP:BTCUSDShort
by quantguy
LINK, DOT, FIL & ICP - Coincidence ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find these 4 altcoins interesting. 📌LINK, DOT, FIL and ICP have been stuck inside a range 5.0 and 10.0 For the bulls to take over, we need a break above the 10.0 round number and resistance. Meanwhile, as we approach the 5.0 round number / demand zone, we will be looking for short-term buy setups. What a coincidence! or is it? 😉 What do you think? Is there any correlation among these 4? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
21
September 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the latest gross domestic product estimate from the Bureau of Economic Analysis, the US economy shrank by 0.6% during the second quarter of the year. Bitcoin is down 0.56% over the last 24 hours and fell to an intraday low of $18,843.39. The largest cryptocurrency continues trading sideways as both bulls and bears have not accumulated enough momentum to take the initiative. For now, the BTC/USDT pair is trading slightly below the 20-day exponential moving average (EMA)($19,518) and due to the lack of demand, the pair will likely be trading around the 20-day EMA for the next few days. Today’s Cryptocurrency Headline OpenSea Partners with Warner Music Group on Music NFT NFT marketplace OpenSea has partnered with American record label Warner Music Group to launch NFTs. A press release from Warner Music Group said its artists will have their own pages on OpenSea as a way to attract fans. In February this year, Universal Music Group partnered with entertainment NFT platform Curio to issue digital assets. Music streaming giant Spotify announced in May that it would begin trialing NFTs on its platform. 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
September 29 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.71% over the last 24 hours and fell to an intraday high of $19,777.00. The largest cryptocurrency rebounded alongside the traditional equity market after the Bank of England launched a bond-buying program to prevent 'material risk' to UK financial stability. But this does not necessarily mean that the central banks across the world would change their tight monetary policy against inflation. For now, the BTC/USDT pair is trading slightly below the 20-day exponential moving average (EMA)($19,518), and the bulls are likely to push the price above the 20-day EMA. If the price is maintained above the 20-day EMA($19,518), the pair could then rise to the 50-day simple moving average (SMA) ($20,706). Today’s Cryptocurrency Headline Circle to Launch Cross-Chain Transfer Protocol for USDC Circle, crypto payments company and USDC issuer, has announced the upcoming launch of a cross-chain transfer protocol to support USDC interoperability. The company is expected to launch on the Ethereum and Avalanche mainnet later this year. The new product is permissionless and allows for USDC to be sent natively across ecosystems, which improves liquidity and reduces fragmentation of bridging assets. At the same time, Circle also announced that it plans to offer USDC on five blockchain ecosystems including Arbitrum, Cosmos, NEAR, optimistic and Polkadot in the coming months. 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
Bitcoin Gains Off Dollar Selloff and Risk On PivotBitcoin pivoted off of $18.6K. We anticipated support off of this level, and a bid in risk-on assets combined with a selloff in the USD was able to lift BTC to $19.5K. Currently, this level is offering significant resistance, although the Kovach OBV has picked up a bit. We don't anticipate much more action, but if so, $20K is a likely ceiling. We expect a retracement back to $18.6K, and if that does not hold, then $17.6K is a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
3
Can Litecoin Hold the $50's?Litecoin made a run for $55.84 as we mentioned in the reports yesterday. This proved to be a hard upper bound, as anticipated, and prices quickly retraced back to support in the low $50's. Currently, $51.92 is holding, and this should come as no surprise to dedicated readers who have heard this level called out over and over again. If support does not hold then $50.64 is the final barrier between the $40 and $50 handles. If we are able to pivot, we could potentially test $55.84 again, but we are sure to encounter steep resistance here again.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Retraces Bull AttemptBitcoin saw a brief divergence with risk-on assets, as we commented yesterday, which proved to be a fluke. We mentioned that we would see resistance around $20K, which is exactly what happened. Prices were quickly batted down to $18.6K, which we also anticipated would be the case. From here, it is critical that levels hold, or we will establish lows again of $17.6K. Support is holding, but is looking quite weak. If we somehow are able to pivot again, then $20K is sure to hold as a ceiling.
BITSTAMP:BTCUSDShort
by quantguy
1
September 28 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.61% over the last 24 hours and fell to an intraday high of $18,816.32. The largest cryptocurrency managed to rise above the $20,000 level early today, but the bulls failed to hold the price above the $20,000 level, suggesting the sellers remain active at the high levels. The bulls will attempt to push the BTC/USDT pair above the 20-day exponential moving average (EMA) ($19,552) to establish a relief rally. If the price maintained above the 20-day EMA, the pair could then rise to the 50-day simple moving average (SMA) ($20,786). The UK’s Financial Conduct Authority (FCA) added fintech unicorn Revolut to its cryptoasset register this week, bringing the list of companies permitted to carry out cryptoasset activities in the country to 38. The company previously operated under the FCA’s Temporary Registration Regime. Launched in the UK in 2015, Revolut now claims to have more than 20 million customers worldwide and making 250 million transactions per month. 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
September 27 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw inflows totalling US$8.3m last week and short-bitcoin investment products AuM rose to US$172m, the highest on record. Bitcoin is up 1.31% over the last 24 hours and rose to an intraday high of $19,320.53. The largest cryptocurrency has been trading sideways for the last few days, suggesting both bulls and bears seem indecisive to make the next major move. The bulls will attempt to push the BTC/USDT pair above the 20-day exponential moving average (EMA) ($19,653) to establish a relief rally. However, if the price turns down from this level, the ongoing sideway trading will likely continue. Today’s Cryptocurrency Headline Music NFT Platform Sound.xyz Launches Sound Protocol Music NFT platform Sound.xyz announced the launch of Sound Protocol, which provides a permissionless base layer that allows artists to freely deploy their smart contracts. The corresponding smart contracts are owned by the artist and cannot be upgraded. All metadata is uploaded to Arweave, a permanent and decentralized storage network, which allows artists fully control their metadata. The mint formats can be customized on a per song basis and support end-to-end royalties on primary and secondary sales. 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 Pivots from the Low $50'sLitecoin benefited from a massive rally in crypto, pivoting off of $51.92. We crossed the vacuum zone with ease and are currently testing the next level at $55.84. This level should be very familiar to dedicated readers. As anticipated, we are seeing resistance here, confirmed by a red triangle on the KRI. If the rally continues, we could easily make a run for the $60 handle. If we reject current levels then $51.92 is sure to provide support again.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Pivots, Regaining the $1300'sEthereum found good support just above our level at $1235 with green triangles on the KRI suggesting strong support around $1280. From there, we experienced a massive rally, in the face of persistent malaise among risk-on assets. We broke through $1341, the next level above, with ease. We are currently facing resistance, confirmed by a red triangle on the KRI, at $1380 or so. If we are able to break through then $1424 is the next target, with $1547 a likely ceiling. If we reject current levels, then $1235 is likely to provide support.
BITSTAMP:ETHUSDShort
by quantguy
Thoughts on Bitcoin's RallyA strong buying impulse in Bitcoin pushed us past $19.5K and hit our target and anticipated ceiling of $20K. As anticipated, we are seeing extreme resistance here, confirmed by a red triangle on the KRI. The Kovach indicators are very strong, suggesting that this rally has some momentum behind it. This stands in stark contrast to persistent selloffs in virtually every other risk-on asset. One possible explanation for this this is inflows from the Russian market seeking to fund their exodus from a potential draft. If the rally continues, we are sure to meet further resistance at $20.7K, with $22.4K as a likely ceiling. If we reject current levels, then $18.6K should provide support once more.
BITSTAMP:BTCUSDShort
by quantguy
1