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 than environment currently when this happens to hold on and we do not get any stronger 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 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.
If you would try to see, usig XAU/BTC inverted (BTC/XAU), you would see Head-&-Shoulders pattern that everybody expected coparing to U.S. Dollar... ;-)
This is mastermind! ;)