Recently BTC has become legal currency in El Salvador. However, the impact on BTC prices is limited. It hasn't led to a big rise. BTC has broken above all moving averages in 4 hours The most recent resistance level is only the devaluation line. 20MA is also pointing upwards, and when forming a golden cross, it is more likely to rise further.
BTC has plummeted today and the market mood continues to be very bad. It was reported that El Salvador would submit a bill to adopt BTC as fiat currency. This can be said to be the purpose and goal of BTC's birth, and the discussion is about to begin. Nevertheless, the reaction to the market is weak and it is not possible to repel. It has been suggested that the...
The cryptocurrency market has recently solidified its bottom and is gradually rising. Many coins, including Bitcoin, have a holding pattern. The greatest interest is in being able to break out. The point is whether BTC can get out of the strongly resisted $40,000. Currently, it has risen to a value close to that. From double bottom, MACD golden cross, RSI rise,...
XRP has shown strong movements in the last two days formed a large double bottom. The neckline is around $1.1. The market is paying attention to whether it can be exceeded here. The other day, the SEC's request for information disclosure to Ripple was rejected. The market was favorable and soared. Even in the uncertain market where the whereabouts of the trial...
We will analyze ETH, which is gaining a lot of attention now. It dropped sharply in the latest plunge market, but the repulsive force from there is also strong and suggests that there are still more buyers. Protecting the important lines of $2,000 and 100MA, the situation is showing a V-shaped recovery. This momentum is up to the next conscious point of $3,200,...
Today's cryptocurrency market is totally repulsive. ETC temporarily rose by more than 50% from the previous day. However, it has fallen again in the latest. The market environment is unstable. Under such circumstances, BTC has entered a very important phase. It is a battle to keep at $36,000. If it breaks below this level, the pessimism of the market will be...
Yesterday, BTC showed a historic crash. The impact is not limited to the crypto market, it also spread to the stock markets in Japan and the United States. What I want to pay attention to is daily dead cross. Even in the past bubble market, all start from the daily dead cross. It took a long time to hit the highest price again. If you follow the same...
Today too, I was swayed by Mr. Elon Musk's remarks, BTC temporarily dropped to $42,000, but due to further tweets, it is rebounding to around $45,000. Although it is a market price that has dropped significantly due to Mr. Elon’s remarks, Technically conscious, can it stay above $44,000? It has become the latest point of interest. If it interrupts here without...
Today's cryptocurrency market has also fallen sharply. BTC interrupts all three moving averages on a daily basis and dropped to $46,000 at one point. Since the beginning of 2021, it has recovered after showing a plunge of about 10% on a regular basis. Although it is BTC, I don't think it can be recovered so easily this time. The recent drop in dominance, then...
BTC is in a situation where the market continues to have no sense of direction. It is almost time for a trend to occur. Moving in a rising wedge, this week expect that a breaking development will come. Currently, it is above all moving averages, and we have a strong consciousness line of $56,000; it is a solid development. Also, the dollar will be sold and...
In recent weeks, BTC has endured many very difficult situations. And finally, the 20MA, 50MA and $58,000 lines are breaking out. The uptrend from here is expected. BTC's dominance is certainly declining, It's not a situation where many people let go and it is also clear from the glass node data. Therefore, the entire crypto market including altcoin is still on...
The rise in ETH continues to reach record highs. Most recently, it has been a price movement within the ascending parallel channel. It is expected that this channel will continue to be conscious in the future. If it continues to rise, it will reach the upper limit touch at $2,800. The daily RSI is currently around 68, but in the past price movements, it has...
BTC crashed over the weekend Today, the beginning of the week, it have been repulsing. Supported by the daily 100MA, the price is returning vigorously. The game starts here. After a big downtrend, the first return is targeted by shorts. Especially around $56,000, where the resistance lines are crowded, be careful of resistance. However, if you go through that,...
BTC, which dropped sharply last weekend, continues to fall this week. Especially recently, dominance and volume have been declining, we can see that the number of transactions is decreasing. There is strong $52,000 support line,on the other hand, the short-term and medium-term moving averages lines of $58,000 and $60,000 become walls The upside is expected to...
BTC has recently risen at a rate approaching $65,000. In addition to a sense of high price caution, with Coinbase listing, it seems that profit-taking sales were once made. It is expected that the rising wedge will be conscious at this high price. Currently, we are continuing to make adjustments toward the low price round-up line. The next support line will...
BTC recently recovered $60,000, but it is a market price that is in competition between long and short players. What I'm aware of right now is around $61,300. It has been resisted twice most recently. However, even if it is resisted, the lower price is strong, various moving averages and horizontal lines serve as support lines, it is in a good situation. As for...
BTC was unable to break out of the $60,000 level and fell back. It has broken below all MAs and is strengthening the momentum of the decline. If the decline continues as it is $54,000, which is also the lower limit line of triangular cross-holding, it is considered to be the target line. If it breaks this line, you can see it goes to $52,000. Since the volume...
BTC fell below $58,000, but in addition to 100MA support, it has been repulsing with the formation of double bottom and trying to challenge again to lose $58,000. In addition, the U.S. dollar has been sold recently, and the market environment is such that BTC is likely to rise. If you get out of $58,000 in this challenge, you can get out of 20MA and 50MA as...