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Bitcoin Confirmed Above Key-Level And Entering Re-Accumulation!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at cryptocurrency with bitcoin, the recent confirmations, the current price-structure, the importance of the re-accumulation phase happening and potential of a cryptocurrency which really caught my attention with huge potential in the next times. The Triangular-Cluster I mentioned in the previous analysis now confirmed successfully above the upper boundary while bitcoin held the 50-EMA which was a strong sign for the breakout which now occurred properly. Recently bitcoin ran into resistance which is normal after such a heavy upmove and now provides a pull-back where it will highly likely enter a re-accumulation since the breakout happened on the bullish side, while bitcoin confirmed this overall bullish environment there is another project I found with huge upside potential as the fundamentals are strong therefore we look at the weekly chart. Re-Accumulation And Further Opportunities: As you can watch in my chart bitcoin just clearly and strongly confirmed above the falling upper boundary with a decisive and healthy upside move which was the needed confirmation in order for further continuation ahead, while the huge resistance between 9500-10.000 USD has been taken out it is support now and highly possible to confirm and hold when the price visits in this area, this will be a place where institutions and people will re-accumulation to profit of further growth. When the price visits the area between 9000-9800 it is highly likely to confirm the upper boundary of the triangle and the 60-EMA you can watch marked in red as this level is attractive for buyers. When this happens it is important to hold this level and do not fall below it and into the channel again because this can increase bearishness but when it hold properly and re-accumulation taking place there is huge potential to move upsides and test established highs as marked. Gem With Huge Potential In Cryptocurrency Market - Nash Exchange: What caught my attention recently is a good opportunity to participate in an operable exchange that is offering non-custodial BTC trading, it is called Nash Exchange and has solid growth potential with strong fundamentals, the exchange was already mentioned by forbes, nasdaq and other weighty articles. The exchange is offering great safety of funds, as you do not trade out of your exchange account, but your private wallet (and no one but you has your private keys, not even the exchange). No one can touch your currency in this way. What is highly interesting, is the tokenomics, their nex token is registered as a security offering staking within a staking pool, sharing 75% revenue fees trading fees. It means you receive the fees not in their own token, but in whatever currency the trade took place. If the actual trading fees on the exchanges were mostly generated by trading BTC against USD, you will receive the fee in those currencies proportionally. Overall bitcoin and cryptos providing a more bullish than bearish environment currently when this happens to hold on and we do not get any stronger bearish signs which can invalidate it, there is definitely potentially given to the upside and the next times will show the good projects like nash exchange growing together as there is a strong fundamental base given which can succeed in destiny. As I pointed out in the previous analysis it was from high importance that bitcoin takes out this resistance to confirm further which it has done now before it happened bitcoin was still in an unconfirmed state but this confirmation now happened really strong and it will be highly interesting how bitcoin and cryptocurrency will develop further the next times especially in the volatility and individual projects can lie good opportunities to trade and handle with appropriation. In this manner, thank you for watching, support for more market insight and have a good day! Trading effectively is about accessing possibilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
32
SOLVE (SOLVEBTC) will reach ATH .. Potential nearly 300%!Solve.Care just announced "Launches Blockchain-Powered Global Telehealth Exchange" . This means everyone in the world can consult a doctor using SOLVE tokens..online... Why it matters? This current Covid19 pandemic forces everyone even the government to enforce online transactions.. This will force all patients to use SOLVE.. demand for this soar...price will also soar. This is a long term hold.. this pandemic will change everyone on how we transact in everyday lives.. this coin could be used by almost everyone in the world. we have 7.8 billion in world population, lets be conservative and only 5% are going to use this coin..390 million users using this token will force a rise in this coin. at current MC of 6x million is nothing.. we can 100 to 1000x in coming years when this coin starts to go all over the world. Buying at this price 17xx satoshi is just steal IMO. SOLVE (SOLVEBTC) will reach ATH and beyond!.. Potential nearly 300%! Note this is all my opinion, DYOR, thanks!
Long
by meowoao
8
#BTC Update [May, 12th] : building out an ascending channel#BTCUSD: Looks to be building out an ascending channel #Bitcoin still remains bullish after a show of high volatility on these complex events; the bitcoin halving, Paul Tudor bought bitcoin, JPMorgan bank takes on Coinbase , Gemini as its first crypto exchange customers,... Two possible scenarios 1. Retest 8,400 and bounce on the uptrend support then we most likely get the top of the channel at 10,000 ~ 10,500 again; or heading upwards now to hit 10,500 level without retest support line. 2. Leaning towards the bearish side, breakdown of the support line will result in revisiting 7,600 level. If losing that support would lead bitcoin to the bear market on the mid term. Don't predict the market, stick your plans in all scenarios and always have a plan B.
COINBASE:BTCUSD
by Crypto2AF
Crypto Exchange - Bank 2.0 ?Cryptocurrency Exchanges 2.0: The functionality of exchanges goes beyond the trading - they still conduct IEOs, contribute their share to the legalization of the industry and, are the main bridge between crypto and fiat in a single money stream. The biggest companies never stop. They are developing new solutions that will help turn them into complete platforms in the future. Which ones? Let's have a look at what will happen! Now on the cryptocurrency exchanges, you can: Buy cryptocurrencies -Invest -Trade -Lending - an analogy of a deposit when you invest a financial instrument for a certain amount of time and get % -Stacking - an analogy with investing in shares with receiving dividends I may have missed some promising direction, waiting for your comments on schedule There are several problems that exchanges face now and face in the future: The first and most obvious problem, in my opinion, is a security audit, many exchanges are hacked and clients lose money The second problem is some financial audits with reports to the regulator. This is inevitable if the company wants to maintain a business cleanly. In the end, of course, no anonymity, but everyone understands the rules. And this will help attract new people and invest in the platform. Time will show us how it all will develop. In the financial markets, the cryptocurrency market will evolve more than the others. Best regards EXCAVO
GEMINI:BTCUSDLong
by EXCAVO
9
GBPAUD Second Analysis/Idea Via 1M/ProjectionAnalysis of GBPAUD according to the 1M Chart Timeframe. We can first identify our low for the month, hereafter breaking into an ascending pattern towards our resistance level @1.918339. At our first resistance level we can see our ascending consolidation of patterns broken, allowing price to further surge creating bullish exhaustion towards the upside. If Price is able to extend over our second resistance @2.002689, we can be confident about entering a second BUY position unless price comes back down and breaks our first Resistance level. However if price looks to decline, we will need to verify our second confirmation of price entering a downtrend position and therefore breaking our Resistance 1 before looking to enter a SELL position. Fundamentals: The Australian Dollar hits low considering spike in January unemployment rate from 5.1-5.3%. Reserve Bank of Australia looks to revisit Australian economic outlook dictating additional guidance. Overall rate of GBPAUD has potential to hit May 2016 High depicting AUD weakness.
Long
by adelmourad
The yen could not stand it, investors relaxed againYesterday was the day of reckoning for the Japanese yen. We already wrote this week about the failure in the country's economy, but we perceived the lack of reaction of the foreign exchange market as the general inability of the yen to fall due to increased demand for safe-haven assets (see the dynamics of gold prices). As yesterday showed, we were wrong. The markets harbored a strong grudge against the yen, but they lacked reason. After another wave of optimism arose in connection with the improvement of the epidemiological situation and measures to stimulate the economy from China, the yen strongly recalled everything. How deservedly the Japanese currency has suffered is a moot point, but the fact remains that the yen lost a lot yesterday. Although, again, in terms of facts, then 2,000 deaths (+136 new) and 75,000 (+1872 new) cases of infection are no reason for optimism to grow. But the yen was sold, and US stock indexes updated another historic high. What is happening in the financial markets continues to be puzzling, because, looking at the dynamics of gold, there is a feeling that investors are worried about the coronavirus and its consequences, but an analysis of the yen and US stock index charts suggests that the epidemic is a definite plus for the world economies and a reason for purchases even in excess of overbought assets. Meanwhile, inflation in the UK, USA, and Canada was above forecasts. This, by and large, was to be expected: it is impossible to inflate markets with money without consequences for years - sooner or later the time of reckoning will come. It is likely that we have the first signals. Just in case, we note that central banks will be required to respond to rising inflation. They will do this by curtailing the operations of quantitative easing and other cash injections, for example, in the repo market, as well as by raising rates. Rising rates will provoke a chain reaction in the economy and lead to the collapse of bubbles. If 3 years ago, the Fed clearly hoped to gradually blow out a bubble in the US stock market, now it has clearly given up on this hand. That is, the explosion will be very loud. However, so far the markets do not care about this, but now they do not care. I do not care that Apple will fail the first quarter in financial results, that Adida’s economic activity in China has fallen by 85%, that the head of the IMF calls coronavirus the main threat to the global economy, as well as hundreds and thousands of other facts. Going against such a train is generally ungrateful. But to buy Nasdaq above 9700 with such a fundamental background, the hand categorically does not rise. Perhaps the only option to save the rest of common sense in trading and not to merge the deposit is intraday trading with hard stops. So today we will sell oil, USDJPY and EURUSD pairs, buy GBPUSD with small stops, and also look for opportunities for buying gold.
Short
by Trade24Fx
1
HUOBI wants 100xs on Its exchangeI do think this is an undervalued coin I do not trade USDT pair but i just wanted to show wtf is goin on! There will be volatility and there will be blood & eventually HUOBI and its shitcoins on this exchange will have their own season (its my own opinion, I'm not telling anyone to run and buy mindlessly) As always calculate your Risk, Don't let ur stops to be swept! Wait for retracements or breakout, otherwise you'll get really bad R:R and lots of stress!
HLong
by badmilkshake
HARD TREND BREAKAGE.The view from the above. See the very same pattern? It is the expected hard trend breakage. It is already happening! That's why there's so many confusion around. The same pattern, the same conditions, the rally is still on! If we fail then a new WXYZ will form: The failure can be confirmed with the price moving below 7650-7600. Because at 7600 it would become clear, that a "higher timeframe correctional WXYZ" is forming instead of the expected hard trend breakage. Right now we are headed towards microscenario #II: DO YOU Feel it? It on!
COINBASE:BTCUSDLong
by orbborisson