Cyrptocurrency
Bitcoin - A Simple But Effective LookThe chart is in the weekly period and covers all the data; so I plotted on a logarithmic scale to show the magnitude of the movements.
Bitcoin, which lost 50% of its value compared to the highest level it saw, came up to the 100-day exponential average and although there seems to be a negative divergence with RSI, and it has a hard time holding the 35.600 level.
My guess is that fundamental analysis will override technical analysis, according to the decision of the FED meeting to be held on January 25-26. If it happens; when we look at the reflection of the Fibonacci retracement levels from December 11, 2017 to December 10, 2018; The 30,000 level was strong support. It should not be surprising if there is a pullback up to this support.
Investors need to believe in Bitcoin's rise. Considering that small investors are Spot traders so I guess that large investors will not ignore this because losing money will reduce the interest in this product.
For this reason, I think that it is not unreasonable to cost, especially at these levels, which the market looks at.
ETH/USD AnalysisThere are a cluster of lows around this area so price will most probably want to take out the lowest low before going higher.
This is due to traders stops being positioned under these lows so eventually the market will gravitate to these and take them out and possibly go lower to shake off retail traders before going higher.
Bitcoin to 34,8000The drop in bitcoin shows the fund movement into other asset classes such as commodities, stocks where it will continue to rise. However, with the macro economic view where inflation are going to get higher overtime. We believe that institution will position themselves in bitcoin to diversify its investment holding as we have seen the growing trend in company investment profile.
Overall bitcoin still establish a Bullish trend. A good buy zone is around 34,800 at the end the other end of the trendline. Building position at 34,800 is a relatively safe area. However, that does not mean will be the reversal point till a price movement has been exhausted, ie the candle on the higher time frame gets tighter or reversal candle starts to form in the weekly/monthly chart
jasmbtc cmp 0.000000204 has given small breakout ,buy here JASMYBTC CMP 0.000000204 /TARGET 0.00000300 ++ 0.000000410 . This trade formed pattern for long
BTC - Easy Long Signal It's really hard to not get bullish based on this idea.
News outlets causing FUD because of omnicron everywhere (I refuse to learn how to spell or say it right) yet the TA looking bullish as a mother.
Bullish divergence as well? You kidding me? We are heading up to $80k based on this.
Obviously have a plan in place if the market dumps... but given everything, I'm ready for the pamp.
Wilder - Another Hidden Gem?Guys, Wilder is looking legit. Such a great buy in position right now - we're at the bottom of a falling wedge. Not much room left before price has to explode. The risk to reward here is also insane. Big support around $1.36 area so that's the risk right now. I personally think WILD will go way above $6 in the long term but for the month of October, a $6 WILD is not out of the question.
Project was even mentioned by the great Raoul Pal on a tweet somewhere which he exchanged with some other influencer a few weeks ago.
Wilder launched their NFT cars already - they look amazing. This is going to be GTA but on blockchain! Huge hype coming here - don't miss out.
PS this isn't financial advice - just my opinion. I'm invested in WILD obviously.