The impending 'merge' this month is apparently doing little for Ethereum. We seem to see small pumps in the APAC session, which fade quickly in the NAM session. Yesterday, we managed to break $1547, but have since retraced to support here. If this level breaks, then $1424 is the next level below. If we can pivot off $1547, then $1653 is the next target, where...
Bitcoin is wavering in the neighborhood of $20K. It keeps teetering around this level, having recently given it up in favor of the high $19K's. We do not seem to have much momentum in cryptos at all, and the stock market selloff and recession fears certainly won't help things. Bitcoin is likely to face another dump before buying interest returns. If so, watch...
Polygon Announces Avail Testnet Eurozone inflation surged to another record high in August, annual inflation across the bloc rose to 9.1% this month, up from 8.9% in July, according to the latest figures from Eurostat. Bitcoin is down 0.92% over the last 24 hours and fell to an intraday low of $19,869.17. The largest cryptocurrency has been trading around the...
This would be great if we got it, plain and simple. Lower low in price with RSI making a Higher low - confirming a bottom. RSI has reached its lowest point across multiple exchanges and timeframes, the time is coming soon for a bottom IMO. Just a potential scenario & observation, nothing more.
Litecoin has been holding the range in the low $50's. We tested $55.84 a few times, but red triangles on the KRI confirmed resistance. We subsequently sold off, but our levels at the base of the $50 handle provided support. Currently $51.92 is holding, but if not we should have strong support from the level below at $50.64.
Ethereum has gained some strength pivoting off $1424, and breaking through $1547. We are making a run again for $1653, but encountering solid resistance confirmed by multiple red triangles on the KRI. Recall that we are encroaching upon a cluster of resistance levels starting at $1653 and extending through the mid $1700's to $1821, our final target if we are...
BingX’s Bitcoin Chart Bitcoin is down 1.98% over the last 24 hours and fell to an intraday low of $19,538.00. The cryptocurrency market dropped alongside the traditional equity market as investors still absorbing a stern Fed monetary-policy outlook. The relative strength index (RSI) on the daily chart is moving away from the oversold level but is still in...
Bitcoin Logarithmic Growth curves displaying historic price movement since its existence. A lot of discussion now on whether the recent 'top' was a completion of our 4th bullrun or not, my observations below: What we know: - Price has touched the upper band of the Log curve at the end of a bullrun, this has happened 3 times in history - highlighted in red -...
Litecoin has pivoted off $51.92, and made a run for higher levels. We hit the exact target we mentioned yesterday at $55.84, but are running into resistance here. If we are able to break through then there is a wide vacuum zone to $61.75, and we are likely to find some resistance in between. If we reject current levels, expect support in the low $50's.
Ethereum bottomed out at the exact level we identified yesterday at $1424. We broke through $1547 and are currently in the middle of the vacuum zone in between this and $1653. The Kovach OBV is on the rise, but still looks a bit weak. Our next target is $1653, which is the start of a cluster of levels extending into the $1700's. We have seen these levels...
Bitcoin bottomed out in the $19K's and is making a run to regain the $20K's again. We have hit $20K and are inches away from our level at $20.7K. Red triangles on the KRI are setting in, indicating that we are running into resistance. The Kovach OBV is starting to curl upwards but appears weak. We should see resistance at $20.7K but if not, the next target is...
BingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw minor outflows last week totalling US$27m, marking the three consecutive weeks of outflows totalling US$46m. Bitcoin is up 3.28% over the last 24 hours and rose to an intraday high of $20,426.47. The largest cryptocurrency closed below the psychological level of $20,000 on Aug...
Deeper Network DPR Crypto has to much bearish news and distrust from the mining community for people to purchase DPR. First Bearish news Sept 6th invest payback then on Dec. 1st Genesis miners will start to unstake and move on from the project to look for the next new project to get into. I don't see the coin price starting to stabilize until at least June 2023 or...
Litecoin found support in the low $50's touching our level exactly at $51.92. We caught a nice pivot, and tested the next level above which we also identified perfectly, to the tick, at $55.84. A red triangle on the KRI indicated resistance, and we swiftly rejected these prices, currently wavering in the vacuum zone between $51.92 and $55.84. We should...
Ethereum has plummeted drastically. After comments from the Jackson Hole retreat were digested, risk off assets sold off hard, in particular the crypto market. Ethereum has been holding strong lately, posting (and holding) better gains than most of the majors. We were even testing restance again in the $1700's, seemingly gearing up for another run to $2K. ...
Bitcoin has plummeted after the hawkish rhetoric from the Jackson Hole retreat slammed risk on assets. We broke through supoort at $20.7K and smashed through $20K. Currently, we are wavering about the $20K mark, in the high $19K's at the time of this writing. The Kovach is incredibly bearish, registering the selloff. Our next level down is $18.6K, and we have...
BingX’s Bitcoin Chart According to Glassnode, total value in the ETH 2.0 deposit contract reached an ATH of 13,388,454 ETH. Bitcoin is down 1.82% over the last 24 hours and fell to an intraday low of $19,518.00. The 20-day EMA is sloping down and the relative strength index (RSI) is near the oversold zone, indicating that the bears are in control. For now, the...
Looks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.