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As Predicted, Bitcoin Tests Lows AgainWe have been calling for Bitcoin to return to $18.6K since its meager rally through the $20K's. Finally, Bitcoin caved and hit our target. We had been wavering around $20K since late August and finally support gave. Indeed $20.7K proved to be a hard upper bound, and our newly drawn level at $19.5K could do little to provide support. However, as discussed here, $18.6K held. We tested this level exactly, with green triangles on the KRI to confirm the support. If this caves, the next level is $17.6K. Otherwise, $20K should be considered a hard upper bound for now.
BITSTAMP:BTCUSDShort
by quantguy
Log fractal 4.O updated.This chart doesn't played perfect, as expected. However, it's still working after few reedits and that is important. Let's monitor how will end up & if print new lows below June. After that, it convince me to full fill box targets around 14-15k. Time frame probably not fit. It is just previous trend price action. Can take much more time or go sideways...Always possible. Also Black Swan would occur. But isn't so far to make it real. Formation is Bear Flag , below 200 week average with economy in recession. It could end up much lower. I am just posting gold-mid way for long term invests position. Take care, Emvo. *This is not any financial advice.
BITSTAMP:BTCUSD
by Emvo10
1
September 7 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to OKLink, the current Ethereum merger progress has been completed 98.86% and is expected to be carried out on September 15. Bitcoin is down 5.99% over the last 24 hours and fell to an intraday low of $18,652.91. The largest cryptocurrency suddenly fell more than $900 in less than three hours on September 6. The relative strength index (RSI) is below the oversold level, indicating that the bears are currently dictating price movement. If the bears managed to push the price below June 18 intraday low of $17,588, we could see more decline. Today’s Cryptocurrency Headline Franklin Templeton Launches Metaverse ETF Fund manager Franklin Templeton, which manages more than $1.4 trillion in assets, has launched a new Metaverse exchange-traded fund (ETF) for European investors. The fund, called the Franklin Metaverse UCITS ETF, will track Solactive Global Metaverse Innovation Net Total Return Index, which includes companies that have significant exposure to the metaverse, including blockchain applications, like payments firm Block, crypto investing firm Galaxy Digital and gaming company Electronic Arts. The new ETF will list on Deutsche Börse Xetra (XETRA) on Sept. 7, and Borsa Italiana as well as London Stock Exchange (LSE) on Sept. 9. 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
1
Crypto101 - What is DeFi & Blockchain ?Hi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Whether you've just gotten into crypto trading or you're trying to expand your knowledge on what this space has to offer; this post is for you! Decentralized finance or DeFi, is a financial ecosystem based on blockchain technology. So lets recap, what Is a blockchain exactly? Blockchain is a software technology, it is basically computer coding that creates a usable service like an app or website for the public. Most blockchains are entirely open-source software. This means that anyone and everyone can view its code. The first-ever implementation of Blockchain was originally written in C++ (coding language). Blockchain and it's possible use cases was first introduced to the world in the Bitcoin Whitepaper, written by the infamous Satoshi Nakamoto (the pseudonym used by the creator or creators of BTC). A blockchain is an online database that is shared to many computer networks. This means that if one computer in the network fails, the data is unaffected and transactions carries on. It is not dependent on one single data storage facility. As a database, a blockchain stores information electronically in digital format. A blockchain collects information in groups, known as blocks, that holds many sets of information (like time of transactions, amounts etc.). Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. An online database usually structures its data into tables, whereas a blockchain, as its name implies, structures its data into "3D chunks" (blocks) that link to each other. For easy reference and transparency, each block in the chain is given an exact timestamp when it is added to the chain. The revolutionary innovation idea behind blockchain is that it guarantees the truthfulness and security of data and generates trust without the need for a government/private institution to validate it. Back to DeFi - In centralized finance , your money is held by banks and corporations whose main goal is to make money . The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services. The idea behind DeFi was to create a system that cuts out these third parties, their fees and the time spent on all the interaction between them. Defi is a technology built on top of blockchain - it can be an app or a website for example, which means that is was written in code language by software programmers. It lets users buy and sell virtual assets (like crypto and NFT's) and use financial services as a form of investment or financing without middlemen/banks. This means you can borrow, lend and invest - but without a centralized banking institution. In summary, DeFi is a subcategory within the broader crypto space. DeFi offers many of the services of the mainstream financial world but controlled by the masses instead of a central entity. And instead of your information being filed on paper and stored by a banker, your information is captured digitally and stored in a block with your permission. Many of the initial DeFi applications were built on Ethereum (which is a blockchain technology, but the code is different to Bitcoin's, in other words it operates/works differently). The majority of money in DeFi remains concentrated there. Lending may have started it all, but DeFi applications now have many use cases, giving participants access to saving, investing, trading, market-making and more. A prime example of such a market is PancakeSwap (CAKEUSDT). PancakeSwap is a decentralized exchange native to BNB Chain (Binance chain). In other words, it shares some similarities with established platforms like UniSwap in that users can swap their coins for other coins. The only difference is that PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance . The BEP20 standard is essentially a checklist of functions new tokens must be able to perform in order to be compatible with the broader Binance ecosystem of dapps, wallets and other services. PancakeSwap uses liquidity pools instead of counterparties/orders from other traders. A liquidity pool in this context refers to funds deposited by investors – which can be anyone from around the world – into smart contracts for the aim of providing liquidity to traders. With this system, buyers do not have to wait to be matched with sellers, or vice versa. Whenever someone wants to trade one token for another, they simply deposit the token they have into the pool and withdraw the other token they wish to receive. That said, PancakeSwap is not just for swapping coins. You can also take up the role of a liquidity provider (that is, you can deposit tokens in a liquidity pool for the chance of earning a share of trading fees paid by those trading against the pool in question). Yield Farming is another income-generating opportunity available on PancakeSwap. With this, you can farm for a token called CAKE. So why would you want a token? Tokens are like the money video-game players earn while killing monsters, money they can use to buy gear or weapons. I personally love collecting my Glimmer in Destiny 2. But with blockchains, tokens aren't limited. They can be earned in one way and used in lots of other ways. They usually represent either ownership in something or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT). I think I'll cover more on this in another post, otherwise this will become a too long read. Final Thoughts 💭 Even though banks are slow and inefficient (to name only a few of the problems), there is still something that comes with using a bank that crypto cannot (yet fully) offer - guarantees and peace of mind. At least at this point. I believe in a future where blockchain is easily accessible, open but at the same time protects user privacy, transparent, decentralized and safe. But the truth is, we're still far away from that. Blockchain is in its infancy, being used by too many opportunists and crooks. So be careful when you invest in DeFi. The beautiful dream of blockchain still contains too many scammers that have no intention of cutting out banks; instead they want to get to the bank FIRST. __________________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Education
by CryptoCheck-
59
Bitcoin Struggles Amid PressuresBitcoin is hugging lows at our new level at $19.5K. A strong dollar and recession fears seem to be weighing on cryptos. The Kovach OBV is bearish, but appears to be picking up slightly, which could suggest a bear divergence. We could easily make a run for $20.7K if caught a burst of momentum. However, technically BTC does look pretty weak and if $19.5K does not hold, then $18.6K is the next level below to provide support and is an expected floor price for BTC.
BITSTAMP:BTCUSDShort
by quantguy
September 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw minor inflows totalling US$9.2m although the predominant inflow was into short investment products. Bitcoin saw outflows totalling US$11m, representing the 4th consecutive week of outflows. Bitcoin is up 0.68% over the last 24 hours and rose to an intraday high of $20,180.00. The largest cryptocurrency has been trading between $19,500 and $20,500 for the past few days, suggesting the market lacks upward or downward momentum. The current market sentiment is extremely weak as the Crypto Fear & Greed Index is showing the market is in extreme fear territory. Today’s Cryptocurrency Headline MicroStrategy is Working on Enterprise Applications of Bitcoin Lightning Network MicroStrategy executive chairman and former CEO Michael Saylor said at the Baltic Honeybadger conference that the company's developers are working on solutions that would allow large numbers of people to join the Lightning Network, a payment network on top of bitcoin allowing faster and cheaper transactions. Saylor said: “MicroStrategy has got some R&D projects going on right now where we’re working on enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, enterprise authentication.” It’s still a very early stage and it’s yet to be seen whether any viable products would come out of this, Saylor said. 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
September 5 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, 65.772% of the Bitcoin circulating supply has not been active for more than one year, a record high. Bitcoin is up 0.82% over the last 24 hours and rose to an intraday high of $20,058.01. The U.S. Bureau of Labor Statistics released the nonfarm payrolls last Friday, which shows that the U.S job market added 315,000 jobs in August, just below the Dow Jones estimate for 318,000. The cryptocurrency rose alongside the traditional equity market after the report was released, but could not keep the upward momentum during the weekend, suggesting the bears are selling on rallies. For now, the buyers must hold the price above the psychological level of $20,000 in order to avoid further decline. Today’s Cryptocurrency Headline Indonesian Government to Launch Crypto Exchange This Year The Indonesian government plans to launch a crypto exchange by the end of the year, Indonesian Deputy Trade Minister Jerry Sambuaga said on the sidelines of the 2022 NXC International Summit. The cryptocurrency initiative is part of the government’s efforts to protect consumers amid rising interest in digital currencies. The exchange was originally scheduled to go live in 2021, but was delayed due to the complicated process. 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
1
SPELL - The Bullish Play SPELL has had relative strength lately and I feel nobody really noticed. Unless you zoom in down to current PA, it won't look like it has done much recently. That is not the case, SPELL has: - Broken out of two resistances (indicated in "breakout" and "s/r") - Flipped a key S/R level into support, thus breaking bearish market structure - Is developing a descending wedge (typically bullish) - Trading inside the current mid-range, not having broken the EQ as support, yet I try to ignore all those nasty wicks as random deviations, sometimes they can be helpful but I mainly try to stick to the candles for my key levels. If the market continues to see strength here, I imagine something like this playing out imo. A break below mid range and fakeout of the descending wedge to the bottom band of the range where our bullish order block remains, then a bounce and I'd target at least the upper band of the range and potential breakout if this rally is to continue. Just an idea, invalidated on a break below range low (bullish OB). Cheers!
Long
by cryptovatsik
Bitcoin Still Holding the $20K'sBitcoin is still wavering in the neighborhood of $20K. We dipped several times into the $19K's with $19.5K a consistent lower bound, thus we have added it as a new level. If support breaks here, then $18.6K is the next level down. If we are able to build some momentum, $20.7K should provide resistance, then $22.4K is the next target after that. The Kovach OBV is still abysmally bearish, but does appear to be leveling off, suggesting that we may have bottomed out in this price range.
BITSTAMP:BTCUSD
by quantguy
September 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to The Block Research, Bitcoin futures trading volume across exchanges for August came in at $941.5 billion, which is Bitcoin futures' lowest month by trading volume since November 2020. Bitcoin is down 0.42% over the last 24 hours and fell to an intraday low of $19,560.00. The market is anticipating tomorrow’s non-farm payroll report from the U.S. Bureau of Labor Statistics and the figure is expected to show an increase of 300,000 jobs. If the figure is underperforming the expectation, we could see the price decline further. Conversely, if the figure is better than the expectation, the BTC/USDT pair could rally to the 20-day exponential moving average (EMA) ($21,196). Today’s Cryptocurrency Headline Celsius Files to Return the Funds of Custody Clients Crypto lending platform Celsius Network filed to return custody holders' funds to them early Thursday. Celsius said "unlike Celsius customers using its Earn or Borrow products, customers with custodial accounts still maintain ownership of their crypto assets. Celsius is merely acting as the storage provider. Therefore, these funds belong to the customers, not to Celsius' estate." In a separate hearing, it will address ongoing questions about its efforts to restructure and relaunch its operations. The Bankruptcy Court for the Southern District of New York, which is overseeing the case, scheduled a hearing for Oct. 6 to discuss the matter. 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
Weekly Analyze of the Crypto Investing Date: Aug 29,2022-Sep 2, 2022 The crypto market has been relatively flat and slow this week. After the second weekly dip, BTC rebounded weakly, maintaining above the previous low of 18500-19000. The structure is expected to build a bottom consolidation range. After the two-stage retreat of the daily line, it rebounded from a channel similar to last week. Focus on hitting the stop-decline at 19,500 and the potential three-stage extension at 19,000. Pressure range 22000-22500. The trend of ETH is still significantly stronger than that of the broader market, with a small retracement and a strong rebound. The weekly line has nearly recovered last week's physical losses. The daily line also set the tone for this week's rebound after closing out the saturated anti-envelope Yang column on Monday. It is gradually converging around 1600, and tends to break through in form. The defensive level is 1500, the support range is 1400-1450, and the pressure range is 1700-1750. Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
by VtradingGlobal
Can Litecoin Break Out?Litecoin has made a run for highs, testing our level at $55.84. We are seeing a lot of red triangles at this level, suggesting that this is an auspicious level for LTC and it will take quite a bit of momentum to punch through. We are seeing quite a bit of volatility, and are rapidly oscillating between $51.92, and $55.84. We do seem to be tending toward this upper bound, and potentially gearing up for a breakout. If so, we must maintain sufficient momentum to pass through the vacuum zone above to the next level and target at $61.75.
BITSTAMP:LTCUSDShort
by quantguy
1
Can Ethereum Test the $1700's Again?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 we will begin to see resistance starting at this level and a cluster of levels above in the $1700's.
BITSTAMP:ETHUSDShort
by quantguy
1
September 1 BTCUSD BingX Chart Analysis and Today's HeadlinePolygon 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 psychological level of $20,000 for the past 5 days, suggesting neither bulls nor bears are willing to give up this vital level. If the bulls are able to hold the price above the $20,000 level, the BTC/USDT pair could rally to the 20-day exponential moving average (EMA) ($21,205). Conversely, if the price drops below this level, the bears will attempt to pull the pair toward $18,000. Today’s Cryptocurrency Headline Polygon Announces Avail Testnet Polygon has announced that the Polygon Avail testnet is now live, with an updated version coming soon. According to Polygon, Avail’s block time is currently 20 seconds, and each block can hold about 2MB of data. Assuming an average transaction size of 250 bytes, each Polygon Avail block today can hold about 8400 transactions (420 transactions per second). Additionally, Avail can consistently fill blocks right up to the storage limit, and increase size as needed, which could bring the transactio 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