August 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’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 28, but the buyers managed to push the price back above $20,000 today, which indicates strong demand at the $20,000 price level. 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
Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero
Polkadot parachain Moonbeam announced the integration of cross-chain messaging protocol LayerZero to facilitate Web3 interoperability. Derek Yoo, CEO of Purestake, Moonbeam’s parent company, said that the move aims to offer a broader messaging service across various chains such as Ethereum, BNB Chain, Polygon and others. Yoo said this will encourage developers to deploy their applications on Moonbeam. It was reported in May that LayerZero Labs was seeking a new financing round at a $3 billion valuation.
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.
Bingx
August 29 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 29.
Bitcoin 4 hour chart.
Today's approximate top price, bottom price
The purple/green support line is the life line.
There is no proper support line at the bottom.
There are no major indicators announced today.
If it doesn't go up on the Nasdaq with ignorance
Successful rebound after minimal adjustment
Bitcoin must be coupled to reach the Top section.
The possibility of crossing over is very high.
Based on the purple support line
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart one-way neutral strategy.
There is a very high chance of sidewalking today.
If you drop directly from the current position, you can go down to near the bottom.
Unlike the Nasdaq, Bitcoin is on the brink.
There is a possibility of de-coupling, so please refer to it.
We created a strategy based on the upper gap.
* When the red arrow moves
Long -> Short -> Long Switching Strategy
Because the last rebound touched the 3-hour support
After the rebound, it will come down again.
Except for the drop from the current position
For the rebound section, I made a strategy with the purple support line (upward) / green support line (extreme sideways guarantee).
Today's green support line is a lifeline for long positions.
1. 19800.5 USD Long position entry section / Stop loss when deviating from the green support line
2. $20675.5 short position entry section / Stop loss when the purple resistance line is broken
3. 19916 long position switching / Stop loss when the green support line is broken
The last $20910.5 long position target and autonomous operation section.
In the case of the spot exchange, I think you can only aim for short-term trading of job alts.
It is dangerous to break out of the green support line.
For beginners, it seems advantageous to watch.
Here's today's strategy.
See you in the evening Nasdaq analysis.
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you.
August 29 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’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 bears will attempt to pull the pair towards the June 18 intraday low at $17,622.
Today’s Cryptocurrency Headline
SushiSwap Community Votes To Cut Salary Of Next CEO
The SushiSwap governance community has passed a vote that will reduce the pay of its Chief Executive Officer. In SushiSwap’s initial proposal, the salary for the position included a base salary of 800,000 USDC, 600,000 SUSHI tokens, and additional incentives. The initial proposal and bonus incentives faced significant pushback from the community. The new incentive structure passed today will reduce the base salary to 500,000 USDC, and the total number of SUSHI tokens as an incentive is reduced from 1.2 million to 1 million. Additionally, the community will revote on who will be hired as CEO. SushiSwap has been looking for a new CEO after previous CEO Maki left in September 2021.
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.
August 26 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 26.
Bitcoin 4 hour chart
There is an important indicator announcement at 11 pm tonight.
So far, the Nasdaq movement doesn't look bad.
Because Bitcoin has touched a key support line
There seems to be a high probability of a right-of-way sideways movement.
around the purple support line
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart one-way neutral strategy.
To be precise, it is a long -> short switching strategy.
Instead, the first shot needs confirmation.
It is a strategy that ignores downtrends or extreme sideways guarantees.
Depending on whether you touch the 12-hour central line around 9 pm
Strategies can be divided.
It is difficult to see a general trend
I bet on the Nasdaq and coupling + 11 o'clock indicator release.
* When the red arrow moves
Short -> Long -> Short -> Long Switching Strategy
Unless you are entering long or short
The first wave needs confirmation.
It is also good to operate autonomously.
Even before and after breaking through the red resistance line,
The purple support line at the bottom is the long position switching spot.
I don't think it will go the same way.
1. $21426.5 long position entry section / Stop loss price when departing from purple support line
2. $22,142 short position switching section / Stop loss when the green resistance line is broken
After that, autonomously, $21739 long position switching
Today, I focused on the purple support line as a whole.
due to a vertical decline, or a Nasdaq variable.
If it breaks the purple support line
It looks like you have to watch the match in the bottom section at the very bottom.
Even if there is an important indicator announcement, there is a big movement within a short period of time.
In the end it goes according to the chart. Even after the announcement is made, there may be no movement while moving sideways.
The spot exchange showed good enough moves in this week's job alt.
It looks like you're watching.
If I had to recommend it, today's Anchor Coin looks good,
Coins with no trading volume at the bottom and coins with risk factors were not checked.
If the strategy is successful,
It seems advantageous to operate as a final major altcoin.
EOS doesn't look good.
If the beat shows a good move without breaking the purple support line
In the same way, it seems that the degree of Ethereum is coupled.
Today's strategy ends here.
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope that you operate safely.
Have a good weekend.
thank you.
August 27 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation. Bitcoin is down 5.66% over the last 24 hours and fell to an intraday low of $20,106.95. The cryptocurrency market plummeted alongside the traditional equity market after Federal Reserve Chair Jerome Powell delivered his speech because the market expected the Fed is going to maintain a tough stand against inflation. For now, If the bulls could not hold the price above $20,000, Bitcoin could decline to $18,000.
Today’s Cryptocurrency Headline
Sui Launches Its Blockchain Browser
Sui, a Layer 1 project founded by the former Meta team, announced the launch of its blockchain browser, Sui Explorer, serving as inspection and analytics tools for users and developers to troubleshoot, confirm their activities, and verify holdings on-chain.
Sui Explorer is designed to accomplish the following:
Keep the most updated and accurate on-chain data, activity, and metrics
Enable lookup, verification, and tracking of all assets and contracts
Be a fast, reliable, and transparent tool for debugging and auditing
Offer useful smart contract development and features unique to Sui Move
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.
August 26 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to The Block, as of August 24, the NFT marketplace volume for the month was $369.53 million, compared with $675.43 million in July — a roughly 46% decline. Bitcoin price is almost flat over the past 24 hours. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. For now, the bulls need to push the Bitcoin price above the 50-day simple moving average (SMA) ($22,408) to establish a relief rally. If the bulls could not hold the current level, Bitcoin could find support at around $20,000.
Today’s Cryptocurrency Headline
Ethereum Foundation Confirms the Merger Date
The Ethereum Foundation confirmed the timing of the mainnet merger in a blog post. The Merge is a two-step process. The first step is a network upgrade, Bellatrix, on the consensus layer triggered by an epoch height. This is followed by the execution layer's transition from proof-of-work to proof-of-stake, Paris, triggered by a specific Total Difficulty threshold called the Terminal Total Difficulty (TTD). The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain -- 11:34:47am UTC on Sept 6, 2022. Paris, the execution layer's portion of the transition, will be triggered by the Terminal Total Difficulty (TTD) of 58750000000000000000000, expected between Sept 10-20, 2022. The exact date at which TTD is reached depends on proof-of-work hash rate.
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.
August 25 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 25.
Bitcoin 4 hour chart.
The 12-hour chart MACD Golden Cross is waiting.
In the case of Bitcoin, it is trending right without any problems.
Normally, it seems impossible to break out of the green support line.
After all, the NASDAQ is the problem.
Until the important indicator announcement tomorrow at 11pm
It seems to be advantageous to operate with caution.
When Bitcoin is sideways in the danger zone
At the spot exchange until tomorrow evening,
You may want to try the Minor Alt circulation pumping.
around the purple support line
Check the red up/light blue down movement path
I made today's trading strategy.
30 minute chart arrow movement path, one-way neutral strategy.
Currently, the Nasdaq is in the period before and after the break of the 30-minute resistance level.
In a small wave, it becomes the spot where the upstream and downstream divide.
I can't keep waiting,
We judged that the upside strategy seemed advantageous in view of various conditions and flows.
(According to the pattern, the 12-hour bit chart MACD is waiting for a goal, and the Nasdaq is also in the process of a 6-hour goal)
When making a downward selection, I think you can see the match at the green support line.
* When the red arrow moves
Short -> Long -> Short Switching Strategy
1. $21656.5 short position entry section / Stop loss when the red resistance line is broken
(A full candle is hidden on the left, but a strong uptrend can come out when the red resistance line is broken.)
2. $21326.5 long position switching / Stop loss when the purple support line breaks
3. $22125.5 long position target and short position entry section / Stop loss when the purple resistance line is broken
Please note that there may be a pole sidewalk at the current location.
Within the marked convergence zone of the orange resistance line / pink support line
Please check the movement.
It is a spot exchange.
Until the index announcement tomorrow evening when the beat is going sideways like it is now
I think there will be good moves in Minor Altcoins.
In Upbit based on the current time
Pay attention to the movements of Ethereum Classic, Anchor, and Zilliqa.
Just watch it for fun
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you.
August 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the OKLink data, Ethereum miner addresses have transferred more than 317,000 ETH since August. Bitcoin is up 1% over the last 24 hours and rose to an intraday high of $21,900.00. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. If bears manage to push the price below this zone, a deeper drop towards $20,000 could be expected.
Today’s Cryptocurrency Headline
Nvidia's Second-Quarter Net Profit and Game Revenue Fell 72% and 33%
Nvidia’s second-quarter gaming revenue was $2.04 billion, down 33% year-over-year and a 44% decline from the first quarter. In addition to the macro environment, Nvidia CFO Colette Kress said "As noted last quarter, we had expected cryptocurrency mining to make a diminishing contribution to gaming demand; we are unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in gaming demand." Furthermore, Nvidia’s total revenue in the second quarter was $6.7 billion, up 3% year-on-year, and net profit was $656 million, down 72% year-over-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.
August 24 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 24.
Bitcoin 4 hour chart.
Touch the resistance line on the 4 hour chart
It is moving sideways near the center line of the 6-hour chart.
In the case of the Nasdaq, when a vertical decline occurs,
There can be a strong rebound.
It doesn't look like it's going to be easy.
around the green support line
Red up/light blue down movement path check
I made today's trading strategy.
This is a 30-minute chart one-way long position strategy.
At the current location, if additional adjustments are made
Please refer to the blue finger section. (A similar movement to yesterday may appear.)
Purchasing does not proceed,
After confirming the movement, focus on the additional long position
I made it on the Nasdaq indicator time, so I proceeded as safely as possible.
In the case of the Nasdaq, we focused on the right-to-right sideways movement.
When the Nasdaq falls today, there is a major rebound section.
It is likely to hit roughly near the sky blue support line.
* When the red arrow moves
1. $21321 Long position entry section / Stop loss when breaking the green support line
The final target is the top price of $2206.5.
Operate shorts at the red resistance line,
but When you break through
The marked smile section and the bright sky blue resistance line can be a long target and an upward finish.
This week is before the important data release on Friday.
It looked like a sideways move, so it was a job-alt operation strategy.
Yesterday, based on the Upbit Spot Exchange Spot Exchange,
There were good moves on Cosmos and Kyber Network.
No matter how much you look at it today,
there is nothing like the Chiliz.
After that, Cosmos and KyberNetwork look fine.
Please view my analysis for reference only and for fun.
I hope that you operate safely as a principle of trading / stop loss is essential.
thank you.
August 23 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 23.
Bitcoin 4 hour chart.
today's approx.
The maximum top price and the minimum bottom price are displayed,
around the purple support line
Check the red up/light blue down movement path
The Nasdaq is in the upper gap and the daily major rebound in the lower part.
It appears to be moving.
I made today's trading strategy.
This is a 30-minute chart one-way long position strategy.
Overall, the possibility of a sideways trade is very high today.
As for the Nasdaq situation,
Because the bit also touched the one-hour resistance line
If there is no vertical drop from the current position,
According to the Nasdaq movement, it seems that there will be movements in the right-to-left and to the right.
I put my weight on the right-hand side.
The orange resistance line is the center line of the 6-hour bar.
Breaking through this section is important.
* When the red arrow moves
Short -> Long Switching Strategy
1. $21611.5 short position switching section / Stop loss when breaking the orange resistance line
2. $21318.5 long position switching / Stop loss when breaking the green support line
(Check the shape of the support line in real time, and even look at the green support line for the possibility of polar sideways)
$22060.5 long position target and short position operation section
At the spot exchange
To the long position entry section
1st job alt operation section
After waiting for the second job alt re-entry
You might want to try the entry timing.
Even if the strategy is successful, the fluctuation range is not large,
I think that the bit will not make a good move in the altcoin in the risk zone.
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope that you operate safely.
Thank you for reading today.
August 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to CoinShare, Digital asset investment products saw minor outflows last week totalling US$9m last week with volumes at US$1bn, 55% off the year average and the 2nd lowest this year. Bitcoin price is almost flat over the past 24 hours. The relative strength index (RSI) is near the oversold zone, indicating that the bears have a significant advantage. For now, the bulls need to push the Bitcoin price above the 50-day simple moving average (SMA) ($22,382) to avoid further decline.
Today’s Cryptocurrency Headline
UK Intends to Bring Stablecoins Under Regulation
A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins in September. The bill looks to expand existing financial regulations to cover payments-centric cryptocurrencies such as stablecoins, which are broadly defined as "digital settlement assets" (DSAs), and the bill also puts the UK Treasury in charge of defining what DSA are and gives the Bank of England (BoE), the Financial Conduct Authority (FCA) and the Payments Systems Regulator (PSR) corresponding powers to enforce the rules.
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.
August 22 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 22.
Bitcoin 4 -hour chart.
Today's approximate top price, Bottom price.
Nasdaq is broken in the mid -term pattern, and the gap is created at the top
Bitcoin generates gap at the bottom
If the trend comes out, the Nasdaq coupling will proceed,
It's already a headache.
Focusing on green support risk sections
Red color up / sky blue downside road check
I made today's trading strategy.
30 -minute chart sky blue finger oneway long position strategy.
Nasdaq, today in the central line of Ilbong
Because it has reached, even if the vertical decline comes out
It is a place where a strong rebound may come out.
And , There is a Gap section at the bottom of the bit
The mid -term pattern doesn't seem to be a big problem.
6 hours MACD Golden Cross in progress
Because the main support line is coming up at the bottom
There is no important indicator, so I'll go simply.
In the future,
If it's not really difficult,
I'll proceed neatly with oneway without a defense line.
Depending on the strategy anyway
Entry price / loss price / target price / today's maximum top / minimum BOTTOM
I leave it, but I think it's hard and complicated.
I'll go simply.
*When the light blue finger movement path
Long-> Short Switching Strategy
1. 21175 Bull long position entry section /
2. 22434 Bull Long position target and short position operating section
Even if you follow Nasp's moving
The gap is a priority.
Even if you are sideways today, or even if the vertical decline comes out
Because the bit is supported by the support line,
I think it would be good to operate on the maximum green ground line.
In the spot exchanges, if the strategy is successful
Minor Alt-> Major Switching short -term sales look advantageous.
I just ask for my analysis.
I hope that the sale / loss of the principle is required to operate safely.
thank you.
August 19 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 19.
Bitcoin 4 hour chart.
Today's approximate Top and Bottom prices are displayed.
There is currently a downtrend going on.
From the 30-minute central line touch section explained in the morning,
A downtrend is underway.
Nasdaq is not moving.
There are no significant announcements today.
around the green support line.
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart one-way long position strategy.
Instead, several conditions are required.
Please open your eyes and read.
There are so many divergences that making a strategy is meaningless.
When it comes to the sidewalk
It is very difficult to analyze.
30 minutes from the central line in the morning,
There is already a trend
Including the Nasdaq variable, the possibility of a downtrend or further decline is very high.
Because there is no wave at all
It's hard to get an additional short entry spot.
As a basis for a long position, the purple support line should be maintained.
Because it reached the 12-hour support line
It's not a weak spot if you can stand it.
And according to the standard of a full candle on the left
The direction seems to be divided.
Right-to-right / arrow movement path without adjustment from that standard
It is a downward downward movement / sky blue finger movement path.
I ignored the vertical decline and yesterday's polar sideways guarantee.
We proceeded based on the arrow movement path.
red arrow moving route
long position strategy
1. $22796.5 long position entry section / Stop loss when departing from the purple support line
At the point of breaking through the full candle in the middle
If you support it, you can continue to rise upward.
After the touch like two days ago, it can make a down wave and drop right away.
Please give it to this branch.
The direction seems to be divided in this section.
Spot exchanges, those who are maintaining long positions
Depending on the situation, pay attention to the purple support line / maximum green support line.
Principle trading / Stop loss is essential, so please operate safely.
Have a nice weekend
thank you.
August 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 2.1% over the last 24 hours and fell to an intraday low of $22,875.16. Bitcoin dropped the 20-day exponential moving average (EMA) ($23,412) today, and the relative strength index (RSI) has dropped below the midpoint, suggesting the market optimism reverted to a sellers' market. For now, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($22,274).
Today’s Cryptocurrency Headline
Tether Hires Top 5 Accounting Firm BDO for Reserve Attestations
Stablecoin issuer Tether announced on Thursday that it has partnered with BDO Italia, the Italian arm of the world’s fifth-largest accounting firm, to issue assurance and attestation reports of its reserves. Tether will no longer work with the Cayman Islands-based accounting firms Moore Cayman and MHA Cayman. Tether began working with BDO Italia for quarterly attestations in July, Tether said, adding that it plans to move to monthly attestations. Tether also plans to conduct a full audit 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.
August 18 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 18.
*Yesterday was due to personal circumstances,
Failed to write analysis.
*Because it violates the house rules,
The contents of the reproduction of the results of the analysis in the future are,
As before, I do not leave it at the beginning of the analysis,
I will summarize only the idea comments at the bottom of the previous day's analysis.
please note.
It's a 4 hour chart
In the case of beat, yesterday's daily chart MACD dead cross was engraved.
The Nasdaq is currently in progress.
As I said, we will not proceed with the Nasdaq analysis.
Today's approximate top price and bottom price
around the green support line.
Check the red up/light blue down movement path
I made today's trading strategy.
30-minute chart arrow movement path, one-way neutral strategy.
On the NASDAQ, there is one gap at the top,
Since the pattern is in a broken state, we put more weight on the adjustment after the rebound.
This is a short -> long switching strategy.
The bottom section is unlikely, but I changed it to the bottom with plenty of room.
* When the red arrow moves
1. $23975.5 short position entry section / Stop loss when the red resistance line is broken
2. $23206 long position switching section / Stop loss when the green support line is broken
24207 long position target, up to autonomous trading
Sideways move is an ignoring strategy.
When falling to the right, pay attention to the light blue finger.
At the spot exchange
Simultaneous operation of Minor Alt + Major at the entry timing of the long position also looks good.
My analysis is for reference only.
Principle trading / Stop loss is essential, so please operate safely.
thank you.
August 18 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Crypto lending platform Celsius Network lawyer Josh Sussberg said it has received several undisclosed offers to inject funds into the company and has received approval from a U.S. judge to sell the bitcoin it mines. Celsius mined $8.7 million worth of bitcoin in July, but the company’s operating and capital costs exceeded that amount, according to a filing before the hearing.
Today’s Cryptocurrency Headline
Celsius Receives Cash-Injection Offers and Approval to Sell Mined Bitcoin
Dune Analytics data shows that the number of ENS domain names created has exceeded 2 million. Bitcoin is down 2.4% over the last 24 hours and fell to an intraday low of $23,175.84. Bitcoin has been trading around the 20-day exponential moving average (EMA) ($23,488) today, suggesting the 20-day EMA is acting as strong support. The relative strength index (RSI) has dropped close to the midpoint, indicating the bulls are losing control. If the bulls cannot hold the price above the 20-day EMA, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($22,221).
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.
August 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, the Number of Ethereum addresses in profit (7d MA) just reached a 3-month high of 5224410.732. Bitcoin is almost flat over the past 24 hours. The largest cryptocurrency attempted to sustain above the psychological resistance at $25,000 for the past three days, but the price could not sustain the higher levels, indicating a loss in upside momentum. If the bears push the price below the 20-day EMA ($23,512), the BTC/USDT pair could find support at $22,000.
Today’s Cryptocurrency Headline
Aave Says On-Chain Wallet Address Censorship will Require DAO Consensus
DeFi lending protocol AAVE stated that wallet monitoring due to government sanctions cannot be implemented at the smart contract level unless the community agrees. Aave said: “As for on-chain, contract-level as it applies to the Aave Protocol, the Aave smart contracts are decentralized — no one person or entity can change, control, update or shut down the protocol. For any change to occur to the protocol, an AIP would have to be proposed, voted on, and approved by the Aave DAO.” The DeFi lender also clarified that the recent block on wallet addresses with indirect Tornado Cash interactions only occurred on its front-end app.
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.
August 16 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to CoinShare, digital asset investment products saw minor outflows last week totalling US17m. Bitcoin is down 3.08% over the last 24 hours and fell to an intraday low of $23,776.50. The largest cryptocurrency attempted to sustain above the psychological resistance at $25,000 for the past two days, but the price could not sustain the higher levels. This suggests that bears are active at higher levels. If buyers push the price above the overhead resistance at $25,000, the BTC/USDT pair could pick up momentum and rise to $28,000.
Today’s Cryptocurrency Headline
Galaxy Digital Terminates its Acquisition of BitGo
Galaxy Digital announced Monday that it would terminate its deal with cryptocurrency custodian BitGo. It said in a release that it had decided following BitGo's "failure to deliver, by July 31, 2022, audited financial statements for 2021 that comply with the requirements of our agreement." The release also said that no termination fee is payable. In May 2021, Galaxy Digital announced the acquisition of BitGo for $1.2 billion.
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.
August 12 BTCUSD Bybit Chart Analysis.
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 12.
After writing the analysis on August 11th, I will check the movement.
Bitcoin movement since the last comment.
After entering the first $24328 long position,
Coupling with Nasdaq -> Violet support line breakout -> Bright sky blue support line breakout
It's a downward-facing finish, a little over-the-top.
Since it is a section where short switching is also possible,
was manually cleared
Breaking the blue wave resistance line -> until the daily resistance level is touched
Movement is not bad.
I haven't been able to say goodbye to Nasdaq yet.
For more details, check out the analysis article.
4 hour chart.
There is pressure from the MACD dead cross on the 4 hour chart today.
On the Nasdaq, there is also a 4 6 daily deadcross.
around the purple support line
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart neutral strategy.
There are no important indicators to be announced,
and there is a high possibility of Extrme side way move.
The current position is exactly the , long short center position.
It is important whether the 4-hour chart MACD deadcross is progressing.
If the purple support line is broken,
Not good for long positions.
On the condition that I do not deviate from the purple support line,
red arrow moving path progress
We proceeded with the fearless 4-hour chart MACD dead cross.
* When the red arrow moves
1. 24030.5 chasing long position / Stop loss when breaking the purple support line
2. $24474.5 short position switching / Stop loss when the red resistance line is broken
(Be careful when breaking through the red resistance line as it is an overshooting section, if it breaks at once, you may be swept up at the top)
3. 24109 dollar long position switching / Stop loss when the purple support line is broken
$24863 Final target and autonomous operation section
In the case of a short position, the purple support line can be a major rebound period.
In case of a clumsy sidewalk near the green support line
Downtrends may continue throughout the weekend.
Please note.
On the spot exchange today, the condition is not to break the purple support line.
Minor altcoin circulation pumping / When a rebound occurs in the second rebound section
major switching
My analysis is for reference only.
In principle, trading / stop loss is essential, so please operate safely.
thank you.
August 15 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to The Block, August 12 saw the open interest of ETH option hit $8.11 billion—a figure that's nearly three times higher than where it stood a month ago. Bitcoin is down 0.8% over the last 24 hours and fell to an intraday low of $24,150.91. Bitcoin rose above $25,000 on August 14 but the price could not sustain the higher levels, which suggests the bears are selling on rallies. The relative strength index (RSI) in the positive territory indicates that the buyers have an advantage. If the price managed to sustain above $25,000, Bitcoin could rally to $28,000.
Today’s Cryptocurrency Headline
Russia Plans to Launch its CBDC-Digital Ruble Across all Banks in 2024
According to the latest monetary policy update from the Central Bank of Russia, the authority will start to connect all banks and credit institutions to the digital ruble platform in 2024. By that time, the central bank expects to complete “real money” customer-to-customer transaction trials as well as the testing of customer-to-business and business-to-customer settlements. In 2023, the Russian central bank also plans to test digital ruble-based smart contracts for eligible participants to trade. Additionally, the Central Bank of Russia continues to work on its upcoming central bank digital currency (CBDC), with plans to launch an official digital ruble within a few years.
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.
August 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 3.13% over the last 24 hours and rose to an intraday high of $24,619.98. The relative strength index (RSI) is approaching the overbought level, indicating that bulls are currently dictating price movement. If buyers push the price above the overhead resistance at $24,930, the BTC/USDT pair could pick up momentum and rally to $28,000.
Today’s Cryptocurrency Headline
Dutch Authorities Arrest Suspected Tornado Cash Developer
Dutch authorities arrested a developer suspected of involvement in Tornado Cash on Wednesday, according to a statement from the Netherlands Fiscal Information and Investigation Service (FIOD) today. The FIOD arrested an unidentified 29-year-old man in Amsterdam, and he is suspected of involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralized Ethereum mixing service Tornado Cash. The investigation is led by the Public Prosecutor’s Office for serious fraud, environmental crime and asset confiscation.
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.