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February 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the US Department of Labor, non-farm payrolls jumped by 517,000 in January, while economists had been expecting a rise of 170,000. Bitcoin is down 1.93% over the last 24 hours and fell to an intraday low of $22,743.00. The largest cryptocurrency fell below the $23,000 price level due to unexpected non-farm payroll data. The most recent non-farm payroll data shows that the US job remains hot and inflation might rise again. In the short term, if the BTC/USDT pair holds above the current $22,800 level, the price could surge to $25,000. However, if the price drops below $22,800, the BTC/USDT pair could find support around the 20-day exponential moving average ($22,470). Today’s Cryptocurrency Headline WisdomTree's Cryptocurrency Holdings Drop to $136 Million New York-based asset manager WisdomTree reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $357 million a year earlier. The company saw a net loss of $28.3 million during the period, compared with a profit of $11.2 million a year earlier. Meanwhile, operating income fell to $73.3 million from $79.2 million in the previous fourth quarter. In addition, WisdomTree’s net inflows in the fourth quarter of last year were $5.3 billion, mainly into fixed income, US stocks and commodities products, while net inflows from cryptocurrencies totalled $4 million. 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
BTC & USDT.D - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on USDT.D to feel the overall crypto market. 📚 And today I want to show the correlation between BTC and USDT.D 📌 BTC has been stuck inside a range in the shape of a flat rising broadening wedge (in red) BTC is currently approaching the lower bound / red trendline, so I will be looking for buy setups on lower timeframes. (to be confirmed after breaking an H1 high upward) The bears would take over IF BTC break below the lower red trendline and zone. In this case, a movement till the demand zone 21500 in green would be expected. 📌 On the other hand, USDT.D is stuck inside a range between 6.5% and 7.0% support and resistance. And we are currently approaching the upper red trendline. 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
BTC - Enjoying The Ride! 🏍Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis (attached on the chart), we know that BTC has been stuck inside a range in the shape of a red rising broadening wedge. The bears took over yesterday by breaking below the last minor low in gray. What next? As per the latest structure, we are expecting BTC to reject the lower bound of the red rising broadening wedge, especially that the lower bound is lining up with the blue demand zone. 🏹 As per my trading plan / style: As BTC approaches the blue demand, I will be waiting for a new high to form and get broken upward. The previous high break would be our confirmation that the bulls are re-gaining control, as BTC can still trade till the lower red trendline before reversing or even break it downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
34
MATIC - Still Strong!💪Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis (attached on the chart), we have been waiting for MATIC to approach the blue support 0.7 to look for buy setups. MATIC rejected the support, traded higher and now approaching the green resistance around 1.3 For the bulls to remain in control, and take over long-term, we need an aggressive break above 1.4 Meanwhile, we are bullish trading inside the orange channel. UNLESS , the bears kick in, which would be confirmed by breaking below the orange channel and last major low from H4, then a bearish correction would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
M
by TheSignalyst
18
February 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.55% over the last 24 hours and fell to an intraday low of $23,367.50. The largest cryptocurrency rose above the $24,000 price level yesterday, but the price could not maintain above $24,000, suggesting the seller remains active at a higher level. The upsloping moving averages and the relative strength index (RSI) near the overbought zone suggest that bulls are in control. The bulls will attempt to thrust the price above $24,000. If they succeed, the BTC/USDT pair could rise to $25,000. Today’s Cryptocurrency Headline VC Investment in Cryptocurrency Companies Plunged 91% in January Investments in cryptocurrency companies plummeted 91% in January from a year earlier, according to CoinDesk. Venture capital (VC) and other investments in privately held crypto startups amounted to $548 million last month, a huge drop from $6 billion in January 2022. The number of deals fell from 166 to 62, and most of the 2023 deals were for smaller, early-stage companies. In January 2022, there were 17 rounds of investment exceeding US$100 million, while this year there was only 1 financing of more than US$100 million. 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
Febuary 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The US Federal Reserve announced a 25 basis point increase in its benchmark interest rate to a range of 4.5% to 4.75%, the smallest increase since March last year. Bitcoin is up 3.73% over the last 24 hours and rose to an intraday high of $24,263.89. The largest cryptocurrency rose above $23,800 after the Fed's interest rate decision as the results are in line with the expectation. Investors will focus on more information in the next two days, including initial jobless claims, tech company earnings reports on Thursday, such as Amazon (AMZN) and Alphabet (GOOGL), and unemployment data on Friday. If the results are better-than-expected, the BTC/USDT pair could rise to $25,000. Today’s Cryptocurrency Headline ImmutableX to Launch All-In-One Web3 Gaming Passport System ImmutableX, the Ethereum scaling system, plans to launch the all-in-one pass system Immutable Passport in April this year, aiming to provide Web3 gamers with non-custodial wallet, player profile, and identity verification solutions, and help Web3 game studios attract new players. According to reports, Immutable Passport is similar to Xbox Gamertag or Apple ID. It does not require a password when logging in, does not retain the user's private key, and does not participate in signing transactions. Players will be able to access tools integrated into Immutable Passport, including digital wallets, fraud protection, and seamless authentication across Web3 games and marketplaces. 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
1
Shorting the USD/SGD; 0.5% of portfolio risk.One of our investment programs have shorted a few USD-related exchange-traded derivatives, including A-book CFDs (with Global Prime). In the very short-term, with very risk-adjusted positions, we are entering long in equities, shorting the USD, and executing other correlated positions with a portfolio hedge of 30%. We have this position both in our systematic, algorithmic trend-following programs as well as a global discretionary one. Position: SS: 1.3111 GTSL: 1.3180 TP: 1.2860 Our risk algos can modify the weight of the position if needed in the future.
UShort
by blockmas
DYDX - Double Bottom's Neckline Broken 👌Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DYDX has been one of the most gainers throughout January with over 200% move. DYDX broke a yearly range in the shape of a double bottom in blue, confirming a long-term shift in momentum to bullish. 🏹 The bulls already took over by breaking above the upper blue neckline. As per my trading plan, as DYDX retests the zone, I will be looking for buy setups on lower timeframes to catch the next impulse movement upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
25
$ATOM - Cosmos Layer 1 - 50% Potential$ATOM - Cosmos Layer 1 Blockchain - 50% Gains Potential Developers have built hundreds of blockchain projects on Cosmos, including Binance Chain (BNB), Terra (LUNA), Crypto.com Coin (CRO), Cosmos Hub (ATOM), and more. On a successful break out of $17, $ATOM has a potenital of 48% Gains, Aggressive entries only here, will be adding on a clean break out above. Support Levels - $10.5 ,$12.2 Next resistance - $16.5,$21.3,$25.5 Invalidation clean break below $9.5
Long
by NV_Cryptonian
Cardano stablecoins: USDA and DjedCardano stablecoins: USDA and Djed Introduction In recent years, stablecoins have come under increased scrutiny of regulators. The main concerns are the principles of operation of algorithmic stablecoins, the transparency of reserves, and the adequacy of the centralized stablecoins provision. Incredibly often, the problems were discussed after the collapse of one of the most significant algorithmic stablecoins – TerraUSD (UST) that caused the fall of the entire cryptocurrency market. As a result, many stablecoins faced a temporary rate unpeg. But the issue of reserves remains the main subject of discussion of their reliability. And the key concern here is that most of the reserves of centralized stablecoins are a complex mixture of stocks, secured loans, corporate bonds, precious metals, and other assets. And most typically, companies are criticized for the lack of proper audits to confirm reserves. In addition, these issuers need to be appropriately regulated, which increases the risks for investors. Cardano is currently working on releasing two new stablecoins, which are tasked with solving critical issues inherent in most stablecoins. The Cardano development team plans to release the first fully regulated stablecoin, USDA, backed by fiat and pegged to the US dollar in 2023. As well as an over-collateralized algorithmic stablecoin issued by the COTI platform called Djed. The principle of operation of centralized and algorithmic stablecoins is different, and in this article, we will briefly describe the features of each of them. USDA On November 18, 2022, in Singapore, Emurgo announced the launch of a new stablecoin on the Cardano blockchain – USDA. This stablecoin will be fully regulated, backed by the US dollar, and pegged 1 to 1. Emurgo is one of the co-founders of the Cardano project. Its mission is to develop and support businesses and help integrate businesses into the Cardano ecosystem. One of the Cardano’s global goals is to provide access to banking products to every person in the world. The company has been successfully developing its products for a long time in the markets of Africa and Asia. People there have no access to banking services, and the country's national currency is depreciating too quickly to act as a store of value. To achieve this goal, the Cardano developers are introducing a set of products called “Anzens”, designed to connect traditional financial services to cryptocurrency. USDA will be the first product to help bridge the gap between TradFi (traditional finance) and DeFi (decentralized finance). “The Cardano ecosystem was built on the ethos of bringing real world applications to crypto and creating the foundation to build the economy of the future. The introduction of a fully fiat-backed, regulatory compliant stablecoin is the next step in realizing the future for our community. This stablecoin not only offers stability to investors conducting financial transactions on the blockchain but advances a path forward for the Cardano ecosystem to address a problem we are uniquely positioned to solve — banking the underbanked,” says EMURGO Fintech Managing Director Vineeth Bhuvanagiri. Users can tokenize their USD to USDA via credit cards, wire transfers, direct deposits or payments, and native ADA token conversion. USDA is scheduled to launch in the first quarter of 2023 on the Anzens platform. It will be followed by implementing plans to provide a secure and convenient conversion of other stablecoins to USDA (for example, USDC and USDT), as well as cryptocurrencies such as Bitcoin, Ethereum, and others. To fully comply with regulatory requirements and ensure compliance with oversight rules, Emurgo has partnered up with an as-yet-unnamed regulated US financial services company to act as the banking partner responsible for issuing USDA tokens and holding deposits. By relying on regulation and the provision of tangible assets, the USDA can guarantee reliable long-term price stability, ultimately opening more global financial services to the Cardano ecosystem. Djed Unlike fiat-backed stablecoins, algorithmic stablecoins are regulated by specific algorithms that manage the balance between supply and demand, thus ensuring exchange rate stability. Djed is an algorithmic, overcollateralized stablecoin backed by the Cardano (ADA) token and SHEN. Algorithmic stablecoins, backed by a single currency, have some vulnerabilities. To solve this problem, Djed has a reserve asset – the SHEN token. The concept of “over-collateralization” means that the stablecoin is backed by excess collateral in the form of a cryptocurrency held in reserve. And, if ADA falls too quickly, the underlying smart contracts include a reserve SHEN token that will be used to balance price fluctuations, helping to ensure a 400% to 800% over collateral level. This stablecoin has been developed for more than two years in partnership with the COTI platform and IOG (please see the document describing all the technological features and operation of the stablecoin) COTI is a first-level blockchain payment network that provides a throughput of up to 100,000 transactions per second through the Proof-of-Trust consensus mechanism. COTI provides the infrastructure needed to create and issue stablecoins that are highly secure, scalable, and have low transaction fees. Input Output Global is an engineering and technology company engaged in cryptocurrency development and research activities. On January 31, 2023, after completing a series of audits and stress tests, the developers of the COTI blockchain platform, in collaboration with Input Output, announced that Djed had successfully launched on the Cardano mainnet. During the Cardano Summit in November, COTI CEO Shahaf Bar-Geffen stated, “Recent market events have proven again that we need a safe haven from volatility, and Djed will serve as this safe haven in the Cardano network. Not only do we need a stablecoin, but we need one that is decentralized, and has on chain proof of reserves.” Conclusion: The primary mission of Cardano is to bring blockchain technologies into real life and provide access to them to anyone in the world. It is much work from a technological point of view, but the Cardano team is making good progress in this direction. Providing economic identification is a crucial component in countries where people do not have an identity card or access to the banking sector. For example, in developing countries in Africa and Asia, digital services and decentralized identity will give people access to education, banking services, and the employment market. And Cardano is already addressing some of these issues by developing projects like Atala Scan, Atala Trace, and Atala Prism. Cardano-powered stablecoins that share these values will help bring stability to the broader ecosystem and restore trust by acting as a trusted channel between TradFi and DeFi. It can bring cryptocurrencies closer to their original goals: provide access to digital financial for every person and ensure independence from centralized issuers.
B
by SpaceFinance
$LTC/USDT 3D (#Bybit) Descending trendline breakout & retestLitecoin regained 200MA Daily support and seems ready to head back up towards 100EMA. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1X) Amount: 9.1% Current Price: 62.63 Entry Zone: 61.18 - 54.30 Take-Profit Targets: 1) 72.98 2) 84.46 3) 95.93 Stop Targets: 1) 44.99 Published By: @Zblaba Risk/Reward= 1:1.2 | 1:2.1 | 1:3 Expected Profit= +26.39% | +46.28% | +66.14%% Possible Loss= -22.08% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin Leverage= 1.7x Estimated Gain-time= 3-5 months #LTCUSDT #PoW #MimbleWimble #Blockchain #Dino #Mining Websites: litecoin.org litecoin-foundation.org
Long
by TradingOn
2
APT - Still Strong 🦾Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Aptos has been overall bullish trading inside the rising broadening wedge in blue. APT is currently in a correction phase inside the red channel and approaching the lower blue trendline and demand zone in green. 🏹 For the bulls to take over again, and start the next bullish impulse, we need a break above the red channel. UNLESS, we break below 15.0, then APT will experience a shift in momentum from bullish to bearish. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
16
BTC - Fishing Time? 🌊Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on Daily: right chart BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance. Sometimes, no action at all, is also an action. 🧘‍♂️ No Trade, Is Also A Trade! Especially that the weekend is approaching, is it fishing time? on H4: left chart BTC is stuck inside a range again. 🏹 For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high. ⚔️ For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low. Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18