Get started

Blockchain

Bear Flag broken on the1D, expected drop to 19-17k Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC quick update. BTC broke the bear flag in the 1D time frame that was expected from the last few days. If prices closes below then we now can expect price to touch $19k area of support level at least. WHY I'M ON BEARISH 1) Price broke the bearish flag pattern. 2) MACD is confirming the Bearish momentum 3) Volume continuously going down 4)"Super trend" breakout on the daily confluence with all signals down. What do you think guys? Share your views in the comment section. If you agree with my points then do hit the like button. Thank You!
BINANCE:BTCUSD.PShort
by Mushroom_tip
3
The Bitcoin Experiment!First off I want to say, don't take this as gospel. This is a chart to follow bitcoin and plot it's path using math and it's trend patterns to date. The time sequences from a factor of 1.4, 1.5 and 1.6 are what the math shows me 1.4 Multiple being the trend from establishment (support) to trend end 1.44 Multiple is the breakthrough to the trend end 1.5 Multiple is the breakthrough to peak (Shaded area) You follow chart this until it's voided 1.6 Multiple is from peak to peak (Long Green arrow) This math is using the second peak in November 2021 1.3 is the multiple using the first peak in April 2021 (shorter green line), which puts the second parabola and final top of the trend in July of 2031. History might not repeat exactly but it does seem to follow the patterns fairly closely. Using math sequences we might be able to figure out approximate moves fairly closely. For this chart to have present or very near timeline validity, the next few bars should push up against the blue line as resistance just as it did on the red line in 2014. So, Let's wait and see into December to see what happens. The blue and red regression trend shows a similar pattern with three waves down until the final plunge of the trend line break through. If accurate, this chart can help you navigate through the Bitcoin timeline, as it can help you see what stage it is in, or at least to get a better grasp of the moves. Please feel free to comment your thoughts below Thank you for looking WeAreSatoshi Stay Blessed!
BNC:BLX
by WeAreSat0shi
6
November 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.64% over the last 24 hours and fell to an intraday low of $16,363.63. The largest cryptocurrency attempted to recover after a few days of decline but the recovery ended quickly, suggesting that investors continue to maintain a risk-off stance. The relative strength index (RSI) is in the negative territory and the Crypto Fear and Greed Index is in extreme fear territory, suggesting the market sentiment is weak. Today’s Cryptocurrency Headline Genesis Trading’s Lending Unit Halts Customer Withdrawals The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations, interim CEO Derar Islim told customers on a call Wednesday. Genesis is looking at solutions for the lending unit, including finding new sources of liquidity and intends to detail its plans to clients next week. In addition, Derar Islim said that Genesis's trading and custody business operates independently and will not be affected. 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
November 16 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is currently trading near $16,900. However, the overall trend of the cryptocurrency market is still downward. BTC yesterday after falling back to $15,800 this support level encountered a strong rebound, pulled up to $16,800 for a short period of sideways volatility, which shows that the current bulls expectations are still high. Bitcoin recently experienced its highest daily and weekly trading volume ever. Entering the current volatility is a risky strategy. Instead, it is still safest to wait for bullish price and volume confirmation before entering low-risk crypto trading. Today’s Cryptocurrency Headline Digital Asset Basic Act in South Korea Is Expected to Be Introduced Next Year Kim So-young, vice-chairman of South Korea's Financial Services Commission, said that given the urgency of protecting users, basic regulatory standards should be set first and supplemented, rather than waiting for international standards. The FTX crisis has shown the need for regulatory mechanisms to prevent unfair trading and ensure that virtual asset service providers meet their obligations to protect user assets, while service providers should be prohibited from issuing tokens. South Korean government officials are currently drafting a comprehensive regulatory framework, known as the Digital Asset Basic Act, which is expected to be finalised next year. The bill will be made up of 13 proposed crypto legislation currently before Congress. 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
November 14 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, ETH balance on exchanges reached a 4-year low of 20,099,642.608 ETH. Bitcoin is down 3.64% over the last 24 hours and fell to an intraday low of $16,079.00. The largest cryptocurrency extended its losses during the weekend as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. Rumors about another major crypto exchange also facing a liquidity crunch have spread on Twitter. If more CeFi providers fail in the upcoming weeks, the results could be devastating for crypto investors. Today’s Cryptocurrency Headline DFPI Moves to Suspend BlockFi’s Lending License California Department of Financial Protection and Innovation (DFPI) announced that it will suspend the license of cryptocurrency lending platform BlockFi in the state for at least 30 days. The DFPI is investigating BlockFi’s compliance with the laws within the Commissioner’s jurisdiction, including the California Financing Law. The founder of BlockFi said on November 9 that all products are operating normally and the company is a business entity independent of FTX. Earlier this year, following the bankruptcy of Three Arrows Capital, BlockFi agreed to a potential acquisition deal with FTX, which provided BlockFi with a $400 million line of credit. 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 Rebounds!Litecoin cratered with the rest of the crypto market but has not remained downtrodden. It has since pivoted from lows in the high $40's, and blasted through $55.84 to $61.75. The $60's did little to hold Litecoin back, and we are currently pressing further to $64.37. The Kovach OBV has edged up significantly, suggesting that confidence in this coin is truly high (due to the Moneygram news) and not just volatility. If we break through $64.37, then we could test $66.94 again. If not, expect support in the low $60's, then there is a vacuum zone down to $55.84.
BITSTAMP:LTCUSDLong
by quantguy
6
Bitcoin Stable After Wild RideBitcoin plummeted earlier this week off news that major exchange FTX is essentially insolvent. Binance offered to bail them out, but later pulled the deal, exacerbating the situation. Bitcoin tumbled past our level at $17.6K, deep into the $15K's before we pivoted back to $17.6K, after CPI came out softer than expected suggesting that the Fed may pivot in its hawkish rhetoric. Risk-on assets have rallied but the FTX debacle still weighs on crypto. Bitcoin is still bounded from above by $17.6K, and the Kovach OBV has barely inched up. We have had to reference levels we haven't considered in years to get the next level of support down at $15.1K.
BITSTAMP:BTCUSDShort
by quantguy
2
FTX = South Seas Trading Company 2022Could it be the great Crypto experiment of the past 8+ years is nothing more than a Vapor-Ware experiment to exploit the greed from their wealth? Remember the 1700s South Seas Trading Company? Remember the story of "great riches" to be had by exploiting the spice trade in the South Seas? Thousands of people piled into these shares after incredible stories of great riches to be had for the taking. The "greater fool" theory continued to play out - even after information came forward to show the South Seas Company was falsely stating revenues/operations. Eventually, it collapsed (along with dozens of similar scams). Are we seeing the same thing happen in the Crypto space in 2022?
FShort
by BradMatheny
2
Can the Pi cycle top predict the bottom?Can the Pi cycle top predict the bottom as well? Yes it can, it has on three different occasions. Coupled with the investors tool not only has it predicted 3 bottoms within 10 days but also the percentage within 7%. In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%. both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support. SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks. We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have. Cheers and thanks for looking If you have any questions or comments please don't hesitate to comment below.
BNC:BLXLong
by WeAreSat0shi
3
Does history repeat?The question here is, if history repeats and how accurate it may be. Well so far it has on two other occasions irrefutably along with the RSI. As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence. I also have linked another chart with similar evidence in as well. Let me know what you think in the chat below. How strong do you think historical data is? Do you think it likely plays out ? Is this time different? *Always drink and invest responsible*
BNC:BLXLong
by WeAreSat0shi
2
BITCOIN - Long-Term Log View!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 📉 From a long-term perspective, BTC is overall bullish trading inside our green channel. Moreover, the green zone (10k - 12k) is a resistance turned support. We are in a correction phase, but the question is, till when / where? ⏱ Let's compare this correction to the previous two corrections: 📌1- The previous correction were around -86% -86% for the current correction would be lining up with the green trendline and support zone (10k - 12k). 📌2- At the end of every previous correction, MACD shifted from dark red to light red. To be precise, after 3 consecutive higher lows of the light red MACD bars, we tend to have the reversal, confirmed by a break above the EMA. If we follow the same logic for this correction, we are still waiting for a third higher light red bar on MACD . Will it be next month? 🗒 Meanwhile, we would be bearish and our main rejection would be around the green support zone . And of course, before we buy, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
45
November 11 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart With the outbreak of the FTX liquidity collapse event, major cryptocurrencies are facing the crisis of Lehman storm. Cryptocurrencies extended their sharp decline yesterday. But as Asian markets opened, Bitcoin climbed back above $16,000. The release of better-than-expected inflation data at the same time caused a sharp rebound in Bitcoin to near $17,000. The continuation of this round of cryptocurrency rally still needs to be carefully observed. Today’s Cryptocurrency Headline Shell Plans to Launch a Liquid-Cooling Solution for Bitcoin Miners Next Year Shell, one of the world's largest oil and gas companies, will kick off its Bitcoin mining initiative at the 2023 conference in Miami, where the company will showcase its new liquid-cooling solution aimed at improving the bitcoin mining industry, according to Bitcoin Magazine. 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
Weekly Analyze of the Crypto Investing in November, 2022Date: Nov 07,2022-Nov 11, 2022 This week, the crypto market has experienced a rapid decline under the influence of news. BTC's weekly structure broke out of the third period of decline. After the daily line fell back, the decline accelerated, breaking the lower edge of the range and hitting a new low. The index rebounded on Thursday on expectations of slower rate hikes. Although it cannot reverse the downward trend, it can at least be repaired by relying on the previous low. The support range is 16000-16400, and the resistance range is 18000-18500. ETH's weekly line broke through the previous swing low but did not make a new low. Instead, it reached the previous low consolidation area, and the trend was stronger than the broader market. However, the exchange rate of Ethereum against Bitcoin is in a high resistance area, so there is an expectation of compensation. If the daily line does not break below 1150 for the second time, it will continue the rebound trend, with a support range of 1140-1170. Otherwise, the downtrend extension will test the 1000 mark support. The critical position is 1300, and the resistance range is 1380-1420. Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market. (All for reference only, plz invest rationally)
by VtradingGlobal
3
Bitcoins first time ever!! This may be concerning.What is it that bitcoin has done for the first time ever? well, it's two things. Moving average legend Yellow 50 week red 100 week purple 200 week white 300 week First being, the cross of the 50 week and the 100 week had meant the bottom was in and there was never a lower low after that point. In fact it would rally up to the 50 week and meet it as resistance. Second being, Bitcoin had never breached the 300 week moving average before. The first time it touched it was in the covid crash of 2020 but it didn't breach it and actually took a very strong bounce off of it. So this could have been for telling of the future for but were we paying attention? Well not only has bitcoin been battling with Moving average, it just breached it substantially. Not all is lost yet as the week hasn't closed yet. Bitcoin needs to close above 18.1k for this not to happen. The good news is Bitcoin does have a bullish divergence on the RSI and price so let's keep an eye on it and see how it reacts now that it's pierced this moving average. I just added the 400 week Moving average (green) on the chart and oddly enough it sits on one the strongest support of Bitcoins history @ 13.7k So if Bitcoin doesn't close this week above 18.1k, and meets this 300 MA as resistance next week, you best believe we will go lower to 13.7k Thanks for looking and leave thoughts or questions in the comment section. WeAreSat0shi Not investment advice>
BITSTAMP:BTCUSD
by WeAreSat0shi
Litecoin Rallies off Inflation DataCrypto has had a wild ride the last 24 hours, and Litecoin is not an exception. First, the FTX situation sent LTC tumbling from highs in the $70's, all the way down to the origin of the rally in the low $50's. We were able to puncture $50.64, a relative low, and strong level of support and dive into the $40's. However CPI data saved the day for crypto and other risk-on assets when it came in softer than expected, sending Litecoin flying back to the $50's. Currently we are at the edge of the $60 handle, where a red triangle on the KRI is confirming resistance. If we are able to break into the $60's, then $61.75 is the next target. If we reject current levels, then $55.84 should provide support.
BITSTAMP:LTCUSD
by quantguy
Inflation Data Fuels Ethereum RallyEthereum fell to our level at $1100 as the FTX situation worsened with Binance pulling out of the deal. We hit our support level at $1100 exactly, and saw a nice pivot there. This morning, at 8:30AM EST, US inflation data came out softer than expected, causing all risk-on markets to rally as this means the Fed is expected to ease their hawkish rhetoric for the first time in months. Ethereum blew through several levels above, including $1235 and $1288. But $1341 is still a barrier. It is likely that we will range about these levels for now, until the market fully prices in CPI data. If we retrace, the $1200's should provide support.
BITSTAMP:ETHUSD
by quantguy
2