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November 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The Federal Reserve announced it was raising its key interest rate by 0.75 percentage points, the latest increase takes the bank's benchmark lending rate to 3.75% - 4%, a range that is the highest since January 2008. Bitcoin is down 1.52% over the last 24 hours and fell to an intraday low of $20,060.12. The largest cryptocurrency briefly notched a daily high at $20,800 before the Fed's announcement as the market was hoping the Fed could slow down the rate hikes. But Bitcoin price fell after the announcement because the Chair Jerome Powell said: “it was premature to think about pausing and that the peak for rates would likely be higher than previously expected.” The BTC/USDT pair is trading slightly above the $20,000 level, the buyers must hold the pair above this level in order to avoid further decline. Today’s Cryptocurrency Headline Circle Earns In-Principle Regulatory Approval in Singapore Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC), has received In-Principle Approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). This allows Circle to offer digital payment token products, cross-border and domestic transfer services in the city-state. “As one of the world’s leading financial hubs, Singapore is instrumental to Circle’s regional and global expansion plans in raising global economic prosperity,” said Jeremy Allaire, Co-Founder and CEO of Circle. 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 Rallies Over 10%! Find Out Why...Litecoin has spiked dramatically with over a 10% move taking us up to the $60's. We reached our profit target almost to the cent, at $61.75. A red triangle on the KRI confirmed resistance there, and we are currently experiencing a bit of a pullback, retracing just below $60 at the time of this writing. At present, the only justification for this move seems to be that Moneygram users can now make payments in Litecoin , in addition to Ethereum and Bitcoin. Others suggest it may be related to the Dogecoin pump. If momentum picks up, we must break through $61.75 before we can consider higher levels in the $60's. If we are not able to sustain the momentum, then we are likely to retrace this move, where $55.84 will provide support.
BITSTAMP:LTCUSDShort
by quantguy
6
Ethereum Finds SupportEthereum has steadily edged downwards after reaching a significant high and profit target of $1653. We retraced gradually from there, but are still finding support at $1547, as anticipated here, with green triangles on the KRI indicating support. The Kovach OBV is steadily trending downward, so unless ETH can get a strong bid, we are at risk of retracing the move, if support fails at $1547. If so, then $1424 is the next level down. If we can break out again, we will run into resistance in the $1700's.
BITSTAMP:ETHUSDShort
by quantguy
1
November 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to The Block's data dashboard, cryptocurrency exchange volume in October was just $543 billion, down from $733 billion in September. Bitcoin is up 0.42% over the last 24 hours and rose to an intraday high of $20,695.41. The 100-day moving average is currently acting as a strong resistance, rejecting the price to the downside. Investors are looking ahead to the next big economic event, the Federal Reserve’s monetary policy decision due out Wednesday, with many expecting the Fed to increase rates by 0.75%. Bitcoin will likely continue to trade below the 100-day moving average until the tension of tomorrow has passed. Today’s Cryptocurrency Headline Crypto Firm Galaxy Digital to Reduce Headcount by 20% Galaxy Digital (GLXY), a cryptocurrency-focused financial services company run by Michael Novogratz, plans to lay off at least 20% of its global workforce. Galaxy reported a second-quarter net loss of $554.7 million in August, more than triple the loss a year earlier, and assets under management dropped 40% from the first quarter. The company is scheduled to report its third-quarter results before the market opens on Nov. 9. Its shares were up 2% early Tuesday, but are down 80% in the past year. 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 Pulls BackEthereum has pulled back from highs at $1653 or so. Multiple red triangles on the KRI suggest strong resistance here. We are seeing good support from $1547, which suggests that we are likely to range between these two values before another possible breakout. Such a breakout could take us to the $1700's where we will immediately see resistance from a cluster of levels, acting as a barrier to the $1800's. If we retrace further, $1424 should be considered a floor.
BITSTAMP:ETHUSDShort
by quantguy
5
November 1 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the latest CoinShares report, digital asset investment products saw a net inflow of $6.1 million last week. Bitcoin is down 0.68% over the last 24 hours and fell to an intraday low of $20,240.00. The volatility of Bitcoin has reduced since Saturday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The Fed is expected to hike rates by 75 basis points this week, as core inflation remains at historical highs. Investors will look for any signals the Fed may be considering a deceleration in interest rate hikes in the future. If the Fed pivots from its hawkish interest rate hikes, we could witness all risk assets rise in the future. Today’s Cryptocurrency Headline Singapore Pilots Tokenized Fiat with Smart Contract Capabilities Singapore-based financial services group DBS is partnering with Open Government Products, a tech team within the Singapore government, to pilot the tokenization of the digital Singapore dollar. The pilot is part of the MAS-led CBDC technology exploration project “Project Orchid” launched last year to enable a programmable digital Singapore dollar. DBS will issue digital Singapore dollars, while Open Government Products will enable smart contract capabilities 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
Resistance has broken, MATIC has a potential to hit $1The euphoric feeling around the coin has also resulted in a large increase in daily trading volume, which has increased by more than 72% in the last 24 hours to $661 million. At the time of publication, MATIC's market value was $8.2 billion. One of the causes has been recognised as the increased sales and trading volume of Reddit NFT avatars, which are facilitated by the Polygon network. . Polygon's recent agreement with Nubank backed by Warren Buffet is regarded as a favourable move for this network. . The creator of Billions TV series, where Alex Honnold (Sponsored by TradingView) made his debut SHOWTIME, recently announced a collaboration with Polygon. . PolygonScan reports that there are over 170 million distinct Polygon addresses. In only one month, the network has gained 2.3 million new addresses at a rate of about 150,000 each day. However, as of press time, MATIC was trading in the green, up 2.55% from the previous day. The overall sentiment suggest an impending short term bullish momentum, Stochastic Gradient Descent factor by 80% favorable odds.
MLong
by EQTSHARES
3
Can Ethereum Continue to Rally?Ethereum has shown considerable strength, dominating the crypto market as it edges higher. We keep making higher highs and solidifying new upside targets. We have crossed through the vacuum zone to $1547, breaking that with ease. Then we were able to swiftly hit our next target at $1653. Red triangles on the KRI are confirming resistance here and we are pulling back slightly. However, $1547 is providing strong support. If we are able to break out again, the next target is $1694. Dedicated readers will remember that we will encounter significant resistance from a cluster of technical levels in the $1700's after that.
BITSTAMP:ETHUSDShort
by quantguy
2
Bitcoin Attempting a Breakout?Bitcoin is wavering around our upper bound, and target of $20.7K. We are really struggling to break through this level, with multiple attempts and many red triangles on the KRI confirming the resistance. However, with strength in stocks fueling a risk-on rally, we may be able to see a break out. We do appear to be forming a bull consolidation pattern, possibly a wedge or a flag. If we are able to break out then $22.4K is the next target. If we reject current levels, expect support at $19.5K or $19.0K.
BITSTAMP:BTCUSDShort
by quantguy
October 31 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, the number of ETH non-zero addresses reached an ATH of 88,490,369. Bitcoin is down 0.86% over the last 24 hours and fell to an intraday low of $20,515.00. The largest cryptocurrency maintained positive upside momentum during the weekend, and it attempted to break the psychological level of $21,000 on Saturday. But the price was not able to hold above $21,000, suggesting the sellers are active at higher levels. Currently, the $20,800 to $21,000 price zone is the main barrier for Bitcoin, as the price is struggling to hold above this zone after a few failed attempts. If the price breaks above this zone, the BTC/USDT pair could rise to $22,500. Today’s Cryptocurrency Headline Revolut to Allow Customers to Make Purchases with Crypto Balances Digital banking firm Revolut will launch a crypto spending feature on November 1, enabling customers to use their crypto balances to pay for everyday purchases using their Revolut card, customers will also be able to earn 1% cash back on all their crypto balances spent for a limited time.Revolut's new feature comes after the U.K.-based firm won registration from that country's Financial Conduct Authority to offer crypto services in the U.K. following a lengthy wait to gain approval. 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 - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart BTC broke above the H4 range so the bulls took over from a medium-term perspective. Now as BTC retests the upper red level, 20k and previous orange low, we will be looking for trend-following buy setups. The bulls will remain in control, as long as we are above the last orange low and orange trendline. on H1: Right Chart We are currently bullish from a short-term perspective. For the bears to take over and start a short-term correction, we need a break below the last low in gray. (just like previously on the left) If we get that break below the gray zone, then we will expect a short-term bearish movement till the support zone as mentioned from H4. And then we will be waiting for the bulls to take over again by breaking above a new minor high and upper blue trendline. Meanwhile, BTC would be bullish short-term and can still break that previous H4 high (21100) now and trade higher from here. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
35
Bitcoin and Elliot playing in the waves of time!This chart by no means is a price prediction. It's a look into a possible future for bitcoin in the coming years based on Elliot wave theory. In this chart I am are assuming that Bitcoins next move is the start of wave 5 in Elliot wave theory. When ever it ends the theory states that a massive ABC correction will follow, which would kill the mania and be bitcoins first true BIG bear market. This correction ( crash ) would not only be devastating by price but also by time, as it would most likely last multiple years and be the longest bear market to date. It would physiologically kill the market, and it's this this bear market that would likely kill all the shit coins and show which projects will last for years to come. It's only a devastating crash like that would cleans the market of scams, that would then catapult all the survivors to the next level in the eventual impulse wave 3! Time frame My time frame for this to start is 2026 to 2029. It all depends on how long it takes for the first impulse wave of wave 5 takes. How long will the bear market crash last? The question that everyone would answered is the one question that no one can answer. It could be that some or most people might not see new highs for the rest of their natural lives... So 10 to 30 years... But I would say most likely 10 to 15 years would be in the cards. What about adoption? I believe that in this bear market is when the true adoption and the realization of the use and necessity of Bitcoin/blockchain/defi to the masses. This is where Bitcoin gains critical mass in my opinion, but it will take a long time. This is all hypothetical of course providing we haven't lost technology through war or any other interruptions. This is my outlook for the next decade or so, but I might be getting ahead of my self. Let me know what you think in the comment section down below. Thanks for looking *The only certainty is, that there is no certainty *
BNC:BLXEducation
by WeAreSat0shi