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Reasons why Bitcoin shot up above $21k.The value of bitcoin has changed since the start of 2022 and now stands at fresh lows. The market value of BTC has just grown as it surpassed $21.8K. Washington's concentration on cryptocurrencies is one factor that has contributed to the advancement. The price of bitcoin dropped to new lows in November and December 2022 as a result of increased vulnerability. The continuous lows, both long-term and short-term, worried investors. Its value was constant in the last week of December, although there had been no discernible rise. The most recent changes show that Bitcoin's value has increased since crossing $21,000 and is probably going to rise even further. Here is a quick overview of recent Bitcoin developments and the elements that have led to its current rise. Because of the current trend, it is time to buy Bitcoin once more. For a week, the trend has been good, and now is the perfect time for investors to capitalize on it. It is conceivable that Bitcoin's price will retest its all-time high, which might be a sign of good things to come. The preferred course of action for interested investors is to go on a spending binge. The value of Bitcoin has persevered through numerous setbacks, and the current trend may mark the end of the crypto winter. An improvement in client security may create a beneficial climate for investors. When big brands crumbled and there was no way to stop it, investors felt in the dark. When a result, anxieties grew as the global market cap value fell below the $1 trillion threshold. There is a possibility that its worth will increase further if the market continues favourable.
CRYPTO:BTCUSDLong
by IPatrice
2
📈 Am I The Only One Getting Excited?Is it me or people are really, really negative about crypto while the market is totally recovering? It seems as if we are hitting new lows yet bitcoin is breaking up, the altcoins are moving up and even the stock market is moving up... Am I the only one feeling positive or certain that this is not a "fake" breakout? - If you know this is the real move, let me know in the comments... - If you are still in a bad-mood, please, also let us know. The cryptocurrency market is about to have the biggest, strongest bullish wave in years. Stronger than the mid-2022 dead cat bounce. Stronger than early 2022... So the biggest wave in years... Let's enjoy it because we don't know for how long this will go. --- Thanks for taking the time to read. I appreciate all the people that take the time to comment. It is my pleasure to write these trade ideas for you. My wish is that you enjoy the content, you feel entertained and if you are getting started, you also learn a few tips/tricks... Oh and of course, if you are a trader... It is my wish that you maximize profits, bear or bull, that you are blessed with the right calls, the best decisions, peace of mind, joy, entertainment while trading and tons of success. Thanks a lot for the support. Namaste.
CRYPTOCAP:TOTALLong
by MasterAnanda
14
BTCUSDGreetings to all, on the graph I described to you my opinion about the current market situation. I assume that we will most likely come to a price of $13800-13400. The markets did not complete the fall and in my experience I have already experienced 2 bull markets and each of them began from a sharp recovery, which is not at all at the moment. According to fibo level -1.618 is at the price of 13600-13800 (depending on the exchange) It also showed you on the chart the limit orders of Market Makers from different exchanges, this indicator has never been wrong. At the moment, waiting for the removal of shorts, and then continuing to dive, I hope your positions are safe, it’s not so important for me to take shorts as to buy at a discount at the right price, I perceive shorts as a bonus to the main movement. Thank you all and have a nice day.
by MMJtop
2
Our 2023 Outlook - S&P500 🔮Happy New Year traders from the team at AlgoBuddy! 🎇 2022 was a big and exciting year for us. We recently released the latest version of AlgoBuddy's flagship indicators; AlgoBuddy Premium 2.0 & AlgoBuddy Momentum, along with an ETH 30m strategy bot. 🔥 Our goal here is to always deliver helpful & actionable tools for traders to add to their trading tool belts. We'll also continue to release more tutorials and trade ideas every single week. Enough about us, let’s dive right in… 2022 was a year to remember for US equities. Bears clearly took control, as we had a strong down trend bear alert early in the year from AlgoBuddy. We had a few bear market rallies that every trader had to navigate through carefully. Managing capital, and not jumping too quick on to the bull train would have allowed you to survive. By end of year 2022, bears couldn't take us below 2021's low as the bulls defended it nicely (~3860). This is a major level that if we test again will likely fail. As of right now and moving forward, it feels that since inflation is still high, and the fed hasn't taken its foot off the breaks on the economy (interest rates), any rally is still a bear market one for me. We will continue to lean into the bear trend as seen on our weekly chart until we receive a bull alert. Even when the bull alert prints I fully expect price to capitulate and test our thick ribbon at least 2x before finding a base to rally. We recently got a divergence bullish signal on our momentum indicator so we will watch closely. I must see the fed step in and assist economic growth before I jump onto the bull train, even if I'm late to the party I can live with that. Until then, Algobuddy's S&P 2023 outlook is bearish on the weekly for at least end of Q1 2023. We will trade small on short term longs keeping stops tight, and we will jump easier on our shorter time-frame bear alerts for now until the trend changes. Good luck all, as always reach out to us for any questions/help/support. Happy trading, AlgoBuddy Team
SP:SPX
by QuantVue
4
Market Today with MoneyButton.On January 9, 2023, Bitcoin traded within the range of 16912-17251. As of the time of this writing, its value is 17204. The total market capitalization is 847 billion, with a domination index of 39.1% and a fear index of 25. The stock market opened with growth, with the S&P 500 futures above 3900, the dollar index at 103.37, and gold reaching highs above 1882. Asian indexes are also seeing growth. In China, all coronavirus-related restrictions have been lifted. The most significant day for the market this week will be January 12, when US inflation data is released. The forecast of 6.5% may not be accurate due to the PPI (a leading indicator) falling short of predictions last month. Pre-holiday price increases in retail and rising gas prices due to cold weather are also contributing to inflation. However, the calculation method may present favorable results if the computer component and car prices are considered deflationary. Inflation greatly affects the growth prospects of companies and, if the forecast is not met, the market may decline. A significant event for the cryptocurrency market this week is the listing of Coinbase on the NASDAQ on Wednesday, which is likely to garner a lot of attention from both retail and institutional investors. The exchange rate may also be impacted by the arrest of Pavel Durov, the founder of the TON project and Telegram messenger. Oil prices continue to rise, reaching a maximum of 57.66. The market is anticipating the OPEC+ meeting on January 4, where it is expected that production will be increased by 500,000 barrels per day. It's worth noting that rising oil prices have a positive effect on the Russian stock market. This week's market is expected to be volatile due to the release of important macroeconomic data and events in the cryptocurrency market.
BITSTAMP:BTCUSD
by MoneyButton
GOLD - Around Strong Resistance! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GOLD is overall bullish trading inside the rising red channel, however, it is currently retesting the upper red trendline. Moreover, the zone 1870 - 1900 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GOLD is around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDShort
by TheSignalyst
10
LTC - Good Key To Feel The Market!🔑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on Litecoin to feel the overall crypto market. LTC has been overall bullish from a medium-term perspective trading inside the red rising broadening wedge pattern. After rejection the upper red trendline and breaking below the last minor low in gray the bears took over for a bearish correction. As we trade lower, we will be approaching the lower bound of the rising broadening wedge . Moreover, the red zone is a previous high and demand zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower blue trendline. (acting as non-horizontal support) As per my trading style: As LTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) If we break the lower red trendline downward, then expect further bearish movement till the lower bound of the big blue wedge around 55.0 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
19
USOIL - Getting Slippery 💧Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on MONTHLY: Left Chart USOIL is sitting around a strong support zone 70.0 - 75.0 , so we will be looking for buy setups on lower timeframes. 🏹 on H1: Right Chart For the bulls to take over, we need a break above the previous major high in gray. Meanwhile, until the buy is activated, USOIL can still trade lower inside the monthly resistance zone till around the 70.0 where we will be looking for new buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:USOIL
by TheSignalyst
3
DXY IN LONGTERM VIEWHello everyone, hope everyone doing good, (Not a financial advice) After Analyzing DXY/Dollar, in Longterm view Dollar is doing something similar to the past and present. FALL A -----> STOP/CONSOLIDATE/CUP SHAPE----->UPTREND/PARALLEL CHANNEL----->TOPPING PROCESS/BEARISH DIVERGENCE---->FALL B------> STOP/CONSOLIDATE/CUP SHAPE------>UPTREND/PARALLEL CHANNEL--->TOPPING PROCESS?/BEARISH DIVERGENCE NOT CONFIRMED YET. DXY in long term it was in massive downtrend in huge Descending triangle, it did Breakout but we have to see if it will back test the top level of Triangle or not. Once if Bearish Divergence is Confirmed most likely it will come back to the lower levels may be 80 or 70. Currently it's in the process of making Bearish Divergence in RSI moving in upside direction in the chart. To my guess most of the markets will be paused/go sideways for little long term, once Dollar gets failed to move in upside Direction. After Analyzing dxy/dollar, the momentum of going up is reducing consistently, looks like DXY/Dollar will come down. Thank you, stay safe, stay smart.
TVC:DXY
by nmchary
2
ETH is DEAD 2023!!!Ethereum price analysis shows a downward trend. ETH has retreated from its two-day high of $1,219. ETH is consolidating above $1,200, with a bearish tilt. According to a recent Ethereum price analysis, the price of ETH has been bouncing in a very narrow range over the last few weeks. Ethereum has had a minor reversal today after a two-day run that saw the cryptocurrency briefly rally near $1,250 resistance. Over the last two weeks, the price of Ethereum has been fluctuating in a band between $1,200 and $1,250. The bulls have failed to clear the critical barrier at $1,250 convincingly, and ETH/USD may potentially fall toward the $1,150 support level. The overall market mood continues to be pessimistic, with ETH slipping below the 20-day moving average. Ethereum is currently at $1,209.94, a 0.75 percent decrease from its two-day high of $1,219. The bulls must defend the $1,170-$1,180 support zone to commence a new rally toward $1,250. A strong close below $1,170 may pave the way for a further slide toward the 50-day and 100-day moving averages, which are both at $1,100. The bulls must break above $1,250 to initiate a new rise in ETH/USD. Ethereum price analysis on a daily chart reveals that ETH has been consolidating in a range above the $1,200 support. However, it has dropped out of the content in the last few hours. If the bears can sustain the price below $1,170, a more significant drop toward $1,100 is likely. To begin a new upward trend, Ethereum must break over the $1,220 barrier. The overall market attitude is adverse, and bulls must generate momentum above $1,200 and $1,220 to sustain the price above essential supports. On the 4-hour chart, the Relative Strength Index is below 50, indicating a bearish trend in ETH/USD. The MACD is also in the negative area, implying that ETH will suffer further losses in the short term. Conclusion of Ethereum price analysis Finally, Ethereum price analysis indicates that ETH/USD may continue erratic and range-bound until it finds a definite direction. On the downside, if the bears can break through the $1,170 support level, a larger drop toward $1,100 is likely. On the plus side, the bulls require to break above $1,220 and $1,250 levels to start a fresh increase.
BINANCEUS:ETHUSDLong
by DEinvestment
3