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Can Ethereum Hold the $1500's?Ethereum has held its ground, finding support at $1547, as anticipated. Support is confirmed by multiple green triangles on the KRI. The Kovach OBV is still quite bearish, but does appear to be attempting to level off as the bleeding eases. A strong US dollar and hawkish Fed outlook should continue to weigh on crypto, but if the $1500's can hold, then $1653 is the next target. After that we will face further resistance from that cluster of levels in the $1700's. If support breaks then $1424, and $1341 should provide further support.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin Clings to the $20K'sBitcoin has found support at $20.7K, confirmed by multiple green triangles on the KRI, despite an increase in the strength of the US dollar. The Kovach OBV is still bearish however, and if support caves, we will return to the value area between $18.6K and $20.7K. If we are able to pivot then the next target is $23.9K. But we are seeing strong resistance in between $20.1K and $23.9K, at around $21.6K, which must be broken before considering higher levels.
BITSTAMP:BTCUSDShort
by quantguy
August 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, Digital asset investment products saw minor outflows last week totalling US$9m last week with volumes at US$1bn, 55% off the year average and the 2nd lowest this year. Bitcoin price is almost flat over the past 24 hours. The relative strength index (RSI) is near the oversold zone, indicating that the bears have a significant advantage. For now, the bulls need to push the Bitcoin price above the 50-day simple moving average (SMA) ($22,382) to avoid further decline. Today’s Cryptocurrency Headline UK Intends to Bring Stablecoins Under Regulation A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins in September. The bill looks to expand existing financial regulations to cover payments-centric cryptocurrencies such as stablecoins, which are broadly defined as "digital settlement assets" (DSAs), and the bill also puts the UK Treasury in charge of defining what DSA are and gives the Bank of England (BoE), the Financial Conduct Authority (FCA) and the Payments Systems Regulator (PSR) corresponding powers to enforce the rules. 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
Ethereum Smashes Through Key LevelsEthereum has tumbled with the rest of the crypto market. We have blasted through a cluster of strong support levels in the $1700's and $1600's. The last of these levels at $1653 did little to provide support. We are currently testing the next level below that at $1547. We are currently seeing support there confirmed by green triangles on the KRI. If we fall further, we might see support at $1424, $1341, or $1235. If we pivot higher, then $1653 is the next target.
BITSTAMP:ETHUSDShort
by quantguy
These Factors Will Weigh on Bitcoin This Week...Strength in the US dollar and more hawkish Fed outlook has impacted the crypto market. Bitcoin has plummeted from relative highs around $25K back to support at $20.7K. We are currently seeing strong support at this level confirmed by green triangles on the KRI. But we are unable to muster the strength for a pivot at this time. If we do, then $23.9K is the next target. If support around $20K fails, then we will enter the value area between $18.6K and $20.7K again.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin The Trend Is Your Friend? Resistance Ahead.We're a couple weeks away in to seeing if we will break out of our sloping resistance we've formed since November 10th which officially marked the top of the bull market and start of the bear market. Ideally we would want to be holding above $24,000 to continue the uptrend we started since June 18th. If we can not successfully break out of this downtrend there's a strong likelihood that we fall back below a sub $20,000 Bitcoin. We will know something by the end of September. Between $19,000 - $24,000 is the range we've been trading since June. A lot of price interaction and support around the $20k - $21k price range on the visible range bars.
COINBASE:BTCUSDLong
by peacefuljustin
ETHUSDT - Plan remains the same!!!Okay folks, my plan REMAINS as I've shared previously! Looking to long ETH soon, almost at my buy zone. Plan remains the same, will enter in GREEN with a tighter stop loss, in case this rally is over in the mid-term. If this dip completes and we get another leg up, I'm targeting the squiggly top clearly as a TP area. as that will take out our previous highs of the former consolidation area. Eventually, as you know, I think this rally will retest lower in the longer term forecast, but there is likely more juice left in the tank before that happens imo so I will take this swing trade soon. Cheers! **Remember, the key here is using a stop-loss order with CLEAR invalidation.
Long
by cryptovatsik
2
Can Litecoin Hold the $50's?A stronger dollar and hawkish Fed outlook has impacted the crypto market across the board, with Litecoin plummeting from the $60's. We appeared to have good support there for quite some time, but $61.75 proved to be prohibitive, and we caved through to lower levels. We have been highlighting $55.84 as a lower bound for weeks now, and sure enough, this is the exact level at which we are finding support. If we can pivot, then $61.75 will likely be the next target. If we plummet further, watch for support at $51.92.
BITSTAMP:LTCUSDShort
by quantguy
Two Reasons Why Bitcoin PlummetedBitcoin has plummeted, likely due to a stronger dollar, and hawkish Fed expectations. Wednesday's Retail Sales data demonstrated the impact of high inflation, and the probability of another 75bps rate hike is about 50%. We smashed through $22.4K, and are hovering in the range between $20.7K and $22.4K. The Kovach OBV took a very sharp turn down, and we will see if momentum will continue, or if we can hold current levels. We are seeing some greent triangles on the KRI which could indicate a pivot, but we will need more momentum to follow through.
BITSTAMP:BTCUSDShort
by quantguy
4
August 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 2.1% over the last 24 hours and fell to an intraday low of $22,875.16. Bitcoin dropped the 20-day exponential moving average (EMA) ($23,412) today, and the relative strength index (RSI) has dropped below the midpoint, suggesting the market optimism reverted to a sellers' market. For now, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($22,274). Today’s Cryptocurrency Headline Tether Hires Top 5 Accounting Firm BDO for Reserve Attestations Stablecoin issuer Tether announced on Thursday that it has partnered with BDO Italia, the Italian arm of the world’s fifth-largest accounting firm, to issue assurance and attestation reports of its reserves. Tether will no longer work with the Cayman Islands-based accounting firms Moore Cayman and MHA Cayman. Tether began working with BDO Italia for quarterly attestations in July, Tether said, adding that it plans to move to monthly attestations. Tether also plans to conduct a full audit in the future. 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