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Short term relief bounce before fallingXRP/USD Bullish Case - Bounce from this M or double top bottom. - RSI, MACD and Histogram looks to want to reverse as it is close to oversold on the LTFs (5min, 15min, 30min, 1hour) - Possible retest at 0.382 fib area which is approx. $0.4754 Bearish Case - Break down past the bottom of the M or double top pattern and we go to next support at approx $0.45 which is the 0.5fib retrace. - RSI, MACD and Histogram looks to want to continue on down on the HTFs (8hr, 12hr, 1day) I am more bearish than bullish still, thoughts?
BINANCE:XRPUSDShort
by CryptoFallen
1
Ethereum To Test Lower Levels?Ethereum has tested our level at $1341 several times over the weekend, but it has provided significant resistance with several red triangle on the KRI confirming resistance. We are gradually trending down with the rest of the crypto markets, meandering in the vacuum zone between this level and $1235. The latter should hold as a lower bound, but if not, then $1100 is the next target. The Kovach OBV is abysmally bearish which could suggest an impending relief rally. If so, watch $1341 as a ceiling.
BITSTAMP:ETHUSDShort
by quantguy
4
September 24 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The Dollar Index (DXY) has increased to 113.02, a 20-year high, which imposed strong pressure on risky assets. The S&P 500 index has declined about 1.72% today, while the Nasdaq Composite is down 1.8%. Bitcoin is down 0.84% over the last 24 hours and fell to an intraday low of $18,530.81. The relative strength index (RSI) is just below the midpoint, indicating a minor advantage to bears. The largest cryptocurrency has been trading between $18,126 to $19,966 since Sept. 19, showing that the bulls are defending $18,000, but they are unable to push the price above $20,000. For now, buyers need to push the price above the 20-day exponential moving average (EMA) ($19,904) to establish a relief rally. Today’s Cryptocurrency Headline DBS Bank Expands Its Crypto Trading Service for Wealthy Investors Singapore-based financial services group DBS has widened access to crypto trading services at its members-only digital exchange DBS Digital Exchange (DDEx). The launch of the crypto trading feature comes at a time when DBS wealth clients are increasingly choosing self-directed options. Accredited wealth clients will now be able to trade BTC, BCH, ETH and XRP on DDEx with a minimum investment of $500. 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 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 4.74% over the last 24 hours and rose to an intraday high of $19,533.17. Bitcoin dropped below the immediate support at $18,626 and reached $18,126 on Sept. 21, but the price has recovered back to $19,000 over the last 24 hours, showing strong buying at lower levels. Buyers will attempt to push the price above the 20-day exponential moving average (EMA) ($19,904) to establish a relief rally. However, If the price turns down from the 20-day EMA, the bears will again try to pull the pair below the strong support zone between $18,626 and $17,622. Today’s Cryptocurrency Headline OpenSea Plans to Support More Networks and Languages ​​to Expand Global NFT Ecosystem OpenSea will add more network and language support in 2023 to expand the global NFT ecosystem. In the coming weeks and months, OpenSea will add support for more languages, including Simplified and Traditional Chinese, Korean, Japanese, French, Spanish and German. OpenSea said it firmly believes that NFTs are foundational technology that will eventually underpin thousands of use cases and industries. OpenSea will focus on solving problems that limit the application of NFTs, such as technological innovation, patience, and language differences. From the fourth quarter of 2022 until 2023, the core of OpenSea's attention will turn to Expansion, which aims to build a globalized NFT ecosystem so that people can interact with NFTs across chains, languages, and more vertically. 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
Bitcoin Maintans the Range After FOMCBitcoin saw some volatility from the FOMC yesterday. We did not get the 'dovish hike' that the markets expected and risk-on assets responded accordingly. We did see support from $18.6K (as anticipated and voiced here in these reports). We are currently seeing a meager pivot off of this level, but there is very little momentum associated with it, so we don't expect to break the next level at $19.5K. If we do, $20K is the next target and we should see resistance there. If $18.6K does not hold, $17.6K will surely provide support.
BITSTAMP:BTCUSDShort
by quantguy
September 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Bitcoin is down 2.75% over the last 24 hours and fell to an intraday low of $18,125.98. The largest cryptocurrency dropped alongside the traditional equity market as the Fed hiked rates by another 75 basis points, and the Fed Chair Jerome Powell projected another 125 basis points increase before the end of the year. Higher rates are likely to have a negative impact on the risky assets such as cryptocurrency and stocks markets, and the BTC price could drop further. Today’s Cryptocurrency Headline Nvidia Launches Metaverse Cloud Service Product Omniverse Nvidia has announced the launch of Nvidia Cloud Omniverse, designed to accelerate the global adoption of the metaverse. The Nvidia Cloud Omniverse is a software and infrastructure-as-a-service product created to enable artists, developers and enterprise teams to design, publish, operate and experience metaverse applications anywhere. According to Nvidia, Omniverse Cloud services run on the Omniverse Cloud Computer, a global-scale distributed data center network for delivering high-performance, low-latency metaverse graphics at the edge. 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
Bitcoin Quiet Ahead of FOMCBitcoin caught a bit of a pivot from $18.6K, which has provided strong support before. It held strong again as Bitcoin tested it with another dump from $19.5K. Strong support was confirmed with green triangles on the KRI. We made another run for $19.5K, but this was immediately rejected, as we mentioned in yesterday mornings report. It is unlikely BTC will have the strength to break this level any time soon, but if it does, then $20.7K is the next target. If we dump again, $18.6K should hold but if not, then $17.6K should be considered an absolute floor. Watch for ranging before the FOMC at 2 PM EST.
BITSTAMP:BTCUSDShort
by quantguy
2
September 21 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 3.25% over the last 24 hours and fell to an intraday low of $18,715.37. Traditional equities also declined, with the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 falling by 1%, 0.95% and 1.1%, respectively. The Fed is unlikely to announce anything surprising on the interest rate as the CME FedWatch Tool is predicting an 84% probability of a 75 basis point hike. Investors will focus more on Fed Chair Jerome Powell’s comments after the FOMC meeting. If Powell expresses a more optimistic view about the state of U.S. inflation, Bitcoin’s price will likely move higher. Today’s Cryptocurrency Headline MicroStrategy Brought 301 Bitcoins for About $6 Million U.S. SEC regulatory filings show that between August 2, 2022, and September 19, 2022, MicroStrategy acquired about 301 bitcoins for about $6 million in cash, at an average price of $19,851. As of September 19, 2022, MicroStrategy, together with its subsidiaries, held approximately 130,000 bitcoins with a total purchase price of approximately $3.98 billion and an average purchase price of approximately $30,639 per bitcoin. 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
Bitcoin Testing Range Lows Bitcoin still playing within this range, not bullish or bearish imo. As long as we hold the range low then of course the only other option is to test the mid-range and potentially the top of the range. We currently had a nice bounce (spring-like candle) off of demand/range low and want to see us flip the level of 19.6k before testing 21.5k. At that point I'll seriously consider it tests some supply still sitting above around 23.6k, given we can flip range eq (S/R level) and at that point I will re-evaluate. No point in assuming PA before we have some data to work with, I'd rather not throw a dart blind-folded. Invalid below our macro low of course (or a candle close on HTF below the range low) and would expect a significant drop if that happens, but for now there is no reason to assume/believe that will happen imo. The only argument for this is that it is in line with the macro trend downward. Stay objective and manage your risk by using stop losses if you're entering in this area. R/R in this area is better with tight invalidations. V
BITFINEX:BTCUSDLong
by cryptovatsik
2
September 20 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw inflows totalling US$7m last week, another low activity week. Bitcoin price is almost flat over the last 24 hours. The largest cryptocurrency has been trading between $18,225 – $19,689.00, indicating the Federal Reserve's upcoming rate hike has put pressure on Bitcoin. In the near future, cryptocurrency markets are likely to remain volatile because of the uncertainty over the Federal Reserve’s rate hike on Sept. 20 and 21. As of now, the CME FedWatch Tool suggests that the majority favors a 75 basis point rate hike. If this happens, Bitcoin price could rise above $20,000. Today’s Cryptocurrency Headline Coin98 Labs Launches Decentralized Stablecoin CUSD Coin98 Labs has announced the launch of its ecosystem’s decentralized stablecoin, Coin98 Dollar (CUSD), fully collateralized by reserve assets. In order to convert to 1 CUSD, a total of $1 worth of the collateralized assets must be sent into the CUSD Reserve smart contract. According to Coin98 Labs, the stablecoin aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi, unleashing the power of the Coin98 ecosystem and supporting networks such as BNB Chain, Solana, and Ethereum. In the future, CUSD will be deployed on as many chains as possible. 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
2