Hello traders, this is my idea on STMX/USD support and resistance levels.
We have demand area, first area of support, HL trendline, confluent support area and first area of resistance.
As long as the price holds the support areas, we should see an attempt of turning first area of resistance intro a new area of support.
Thanks
Rank #166
Volume 24h: $59,029,343
We are currently on the 38.2 level am predicting a sharp bullish rally breaking the above trend line. Plus we also have a bullish Mainstream_Fx flag formation
That's right, after 10 years of selling Bitcoin the Initial Coin Offering ( ICO ) is almost complete. You have had a little over 10 years to hodle together a long position before worldwide adoption and usage.
From the days of buying fractions of Bitcoin off eBay to buying pizza with BTC, to multiple Bitcoin Exchanges worldwide, to Futures markets, to Mega-Corp...
The amount of opened short positions is skyrocketing again. From 17k on Aug 2, it more than doubled by the end of the month and almost hit the previous record of 40k+.
Combined with the recent influx of negative news, it may very well try to reach the new high in the nearest future:
SEC Quashes More Bitcoin ETF Pitches in Another Blow to...
Cringe. Btw people are comparing Bitcoin price to stocks indicators? Crypto whole market cap chart doesn't look the same...
Did you know gold started at 0, back in prehistoric times it was just a rock, a shiny rock sure, but not valued at 1350$ like now.
GOLD BIGGEST BUBBLE OF ALL TIMES.
This is so cringe, don't have much to add.
