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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
The Next Move in Bitcoin's Wild RideBitcoin has exhibited some of the most volatile swings in the past 24 hours as it has in the entire time we've been following it. First, the FTX debacle worsened as Binance reportedly pulled out of their deal to by the insolvent company. This sent BTC to yearly lows, cracking our absolute lower bound at $17.6K. But we didn't stop there. Bitcoin continued to sell off, careening through the $16K handle, finally finding support in the $15K's. We saw levels displayed on the chart we hadn't seen in years. We finally found support just above our level at $15.1K. Just now (at 8:30 AM EST), US inflation data came out weaker than expected, suggesting that the Fed may finally be able to ease their hawkish stance. This fueled a rally in all risk-on assets, including cryptos. Bitcoin rallied, pivoting off lows, and made an attempt at $17.6K from below. We appear to be meeting prohibitive resistance here, and expect BTC to range just below this level for the time being. If we are able to break through, then $18.6K should provide resistance.
BITSTAMP:BTCUSD
by quantguy
November 10 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin extended its losses yesterday, briefly dipping below $16,000 and breaking through an earlier support point. In the short term, bitcoin is currently fluctuating in the range of $15,000 to $18,000, with upward pressure near $18,500. The bearish trend in bitcoin has strengthened at the daily level. Today’s Cryptocurrency Headline Twitter Subsidiary Registered With FinCEN as a Money Service According to a registration filing with The U.S. Financial Crimes Enforcement Network (FinCEN), the Twitter subsidiary registered its money services business with FinCEN on November 3. The registered entity is Twitter Payments LLC, according to The Block. The company was founded in Washington State in August. FinCEN oversees the activities of the US money services business, which is part of the Treasury Department and to which registered companies must report suspicious transactions. The filing came shortly after Musk bought the company for $44 billion, and Musk had previously considered turning Twitter into a so-called "everything app." According to Reuters, Musk has talked about expanding Twitter's service to include encrypted payments. 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 Retraces All GainsLitecoin has compeletely retraced all gains from the Moneygram news. We blasted through the $50's, reaching as high as the $70's, before the FTX news slammed crypto markets. Liquidity and solvency issues came to light as Binance announced it was buying non-US divisions of another major crypto broker, FTX. Litecoin has subsequently retraced all gains, plummeting back to our level at $55.84. We are currently finding support at this level, but another selloff could take us deeper into the $50's, with support at $51.92 or $50.64 to provide a floor for now.
BITSTAMP:LTCUSDShort
by quantguy
1
FTX Insolvency Slams Ethereum Ethereum has plummeted from highs after forming a double top at $1653. This follows insolvency and illiquidity fears as Binance has offered to rescue the non-US divisions of FTX, another major crypto broker. Most of the majors have smashed through significant lows, and Ethereum has erased all monthly gains and then some, smashing through the $1200 handle as it shed more than 25%. We made it as low as the $1100's before a violent whipsaw established a low (for now). We expect $1100 to hold for the time being, but another selloff could take us closer to the $1K barrier. We will have to break through $1235 before attempting higher levels.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin Slammed After FTX Meltdown!Bitcoin has melted down, as the FTX platform faces insolvency issues . Binance came to the rescue, offering to rescue non-US divisions of the company. This follows a bank run in FTX's token, FTT, after Binance sold over $1B of the token, causing a 'bank run' which impacted the entire crypto market. The whole ordeal spurred worries of liquidity and solvency issues in crypto. Major cryptocurrencies plummeted as did the stock of any major platform that sells crypto (e.g. Coinbase and Robinhood). Bitcoin was edging higher, making meager gains. It was starting to look like it was able to hold the $20K's, but after the news it plummeted down to the $18K's, which we anticipated as a floor. This was not the end of the move, as the selloff bled into the APAC session. We have now breached our (yearly) low of $17.6K, which we anticipated to hold as a floor. We are currently hovering below this level at $17.5K or so. If we can manage to pivot, watch for Bitcoin to claw itself back to $18.6K, where we may equilibrate as the markets digest the news.
BITSTAMP:BTCUSDShort
by quantguy
1
November 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin's downtrend isn't over yet, which means risks remain in the crypto market. But a more optimistic scenario is that the price of Bitcoin has broken through the previous low. History does not simply repeat itself, and market bottoms are usually accompanied by significant events. High - risk insolvency events are likely to lead to stronger regulation. For market participants and exchanges, a cautious investment attitude is needed. In the short term, $18,000 remains the most important psychological line of defense for BTC. Today’s Cryptocurrency Headline Meta Will Begin Laying off Employees Meta CEO Mark Zuckerberg told hundreds of executives on Tuesday that the company would begin laying off workers on Wednesday morning, according to the Wall Street Journal. Zuckerberg blamed himself, saying he was responsible for the company's missteps and overstaffing. As previously reported, people familiar with the matter said Meta is planning to begin large-scale layoffs this week. The layoffs are expected to affect thousands of employees, and company officials have told employees to cancel nonessential travel starting this week. Meta reported more than 87,000 employees at the end of September. This will be Meta's first major layoff since its inception. 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
Bitcoins Peculiar Elliot Waves! #2This chart is a second look at " Bitcoins Peculiar Elliot waves" In this analysis we are assuming that wave 3 has not finished yet, but should do so by summer next year. June @ 95 bars would mark a 2.5 lengthened cycle from the first first wave. The next look is into an a possible extended bear market with the bar length all clearly marked, at this point for me it's just an educated guess. I want to note that price is not the emphasis of this outlook, it is cycle and time line based...So please don't get caught up on price points. I have listed the original "bitcoins Peculiar Elliot Waves" in this chart as well. take a look and let me know what you think down below. The answer to this one is sooner than later so we'll know how valid this cycle analysis is by midpoint next year. Also please do not take any of this as investment advice, it's just an observation and should be taken as educational. Thank you for looking and stay blessed! WeAreSat0shi
BNC:BLX
by WeAreSat0shi
2
Litecoin Holds the $60'sLitecoin made a run for the $70's, with $73.62 providing resistance. This turned out to be a ceiling for now, and Litecoin dropped with the rest of the crypto market back to the $60's. We did not retrace the entire move back to the $50's, which is reassuring. We are currently seeing support in the mid $60's around our level at $64.37. A wick extended down to $61.75 which held nicely. Watch for Litecoin to range around these levels in the $60's as it finds footing. Beware of the vacuum zone below to $55.84.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Gives Up the $20K'sAs predicted, Bitcoin retraced significantly, giving up the $20K handle entirely. It was looking like crypto was going to make a run for higher levels in the $20K's and bulls were already celebrating the next pump. However, reality set in and Bitcoin crashed through support at $20.7K. We are currently seeing support from $19.5K and are hovering below $20K at the time of this writing. This should provide some resistance. The Kovach OBV has dropped, but appears to be leveling off. We may seem some ranging here as the markets digest the drop and Bitcoin finds footing. If not, then $19K should provide further support with $18.6K a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
1
Bitcoins Peculiar Elliot Waves! If this accurate, Bitcoin might have one of the peculiar Elliot waves cycles. The cycles so far as we can see have been clearly lengthening, but will it continue? What I am proposing here goes against that narrative but is within cycle parameters and structure as shown with the labeled length in bars . We are on the monthly chart here so every bar is one month. This is not a prediction of any sort but a wave analysis and what would be fairly surprising for a lot of people yet not derailing and still falling within past cycles. Looking at this, I really think this would catch a lot of people of guard at cycles end while correcting and preparing for the next wave most likely entering 2030. The correction would be devastating and destroy all belief in the asset. It would most likely obliterate most altcoins, only the truly good projects would survive. Let me know what you think down below. This is no means investment advice and should not be taken as such. Remember, we the people are Satoshi!! Thank you WeAreSat0shi
BNC:BLX
by WeAreSat0shi
3
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi
Bitcoin RetracesBitcoin showed signs of strength, breaking through our target at $20.7K and making a concerted effort for the next target of $22.4K. However, we met stiff resistance around $21.4K and immediately retraced. We are seeing support at $20.7K, which once provided resistance, confirmed by green triangles on the KRI. The Kovach OBV has slumped, suggesting the bull run has receded for now. We are seeing a general (weak) bull rally, but this can easily be retraced if support breaks. If this is the case, note the vacuum zone below to $19.5K. If momentum can reignite then $22.4K is our next target.
BITSTAMP:BTCUSDShort
by quantguy
1
November 7 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, the number of addresses holding more than 1 Bitcoin reached an ATH of 910,300. Bitcoin is down 1.04% over the last 24 hours and fell to an intraday low of $21,046.27. The largest cryptocurrency was trading slightly above the $21,000 price level during the weekend and broke above the 100-day moving average ($20,644) resistance on 04 November. This is the first time it has succeeded since September, and if the price sustains above the 100-day MA for another few days, it will become a strong support. If this happens, the BTC/USDT pair could rise to $24,000. Today’s Cryptocurrency Headline Argentine Fintech Uala Launches Crypto Trading Feature Argentine digital bank Uala has launched a cryptocurrency trading service, which is currently available to select users. Uala said it will offer the crypto trading feature in its app by requiring users to create an account with Uanex, a company within Uala's ecosystem, and can then use Uala's app to buy and sell Bitcoin and Ethereum. Uala has more than 4.5 million users in Argentina and also offers services in Colombia and Mexico. In August last year, Uala completed a $350 million Series D financing, led by Tencent and Softbank Latin America Fund, with a post-investment valuation of $2.45 billion. 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
ALGOOAAALLLL ⚽️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last idea (attached in the Related Ideas below), you know that I am keeping an eye on tokens that might get more exposure during the World Cup 2022. Here is a quick reminder: FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal. The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor. Source: Tweet attached on the chart 📉Technical Analysis: ALGO lately rejected a weekly support zone 0.20 - 0.30 and since then it has been stuck inside a big range. For the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.440 Meanwhile, if ALGO rejected the upper gray zone and trades lower, we will be looking for short-term buy setups as it approaches the lower gray zone again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
12
ETH/USDT IN 1 HOUR 🌟✔Hello dears🎗🎃 In the 1 Hour time frame of this cryptocurrency, we see the formation of higher floors than each other. which indicates an upward trend. This upward trend continued until the price entered the red descending channel about a week ago, it started its upward trend again with the breaking of the orange line of the 100-day moving average (EMA) and the ceiling of the red channel. Currently, the price is close to its most important resistance, which is around $1,790. In the one-hour chart of this cryptocurrency, there are no signs of decline, but when the price hits the resistance zone, there is a high possibility that the price will return to around $1,500. If Ethereum is unable to reach above the $1670 level, its first support is the 100 EMA line and the $1550 support level; It is predicted that correction up to this area can be reasonable and will not be far away. But a drop below the $1,550 level could increase selling pressure. As long as this cryptocurrency does not fall below the support level of $1,500, the trend is still bullish. Tip: The trend of Bitcoin can affect all altcoins, for more success in analysis, always have a look at the chart and the trend of Bitcoin. Sponsorships: $1550, $1500, $1350 Resistances: $1,790, $1,850 Arztoday Team💙 Analyzer✍: AR.Rashidi
by arztoday
Polygon: Remove before FlightReady for Takeoff? Polygon couldn't wait any longer and skyrocketed, before we could fasten our seatbelts. What goes up must come down, which is why Polygon has to take a dip after aiming for the stars and drastically increasing in over 23%. The sky is the limit, so we're expecting more movements upwards in the yellow target zone betweenn $1.18 - $1.33 to complete the yellow wave (3). Polygon is moving from the top down the yellow zone between $1.13 - $1.02 to turnaround to fly above the clouds and complete the yellow wave (5). Finally, it is important that the support at $0.968 should not be crossed in order to keep the upward movement going.
MLong
by MarketIntel
2