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October 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the Crypto Losses Q3 2022 Report released by Immunefi, the crypto industry lost $2,328,917,230 so far in 2022. Bitcoin is up 0.63% over the last 24 hours and rose to an intraday high of $19,239.86. The producer price index increased 0.4% for September, compared with the Dow Jones estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. Investors will be focusing on Thursday's CPI report, which is expected to show annual inflation increasing 8.1%. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone. Today’s Cryptocurrency Headline Yuga Labs Faces Investigation From the SEC Yuga Labs, creators of Bored Ape Yacht Club NFTs, is facing a probe by the U.S. Securities and Exchange Commission into whether sales of some of its offerings violate federal law. The regulator is investigating whether certain assets released by Yuga Labs could be treated more like stocks and therefore should follow the same rules as stocks. Yuga Labs said in an email that it is committed to fully cooperating with any investigation. The opening of the probe is not a foregone conclusion; Yuga Labs has not been accused of wrongdoing and the probe may not result in a legal battle. It sits within the concept of wider scrutiny by the regulator over crypto-related activities. 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
💸ETH/USDT 90%+?💸In the current analysis, we look at eth/usdt. We see a cumulative trend since June 14, with the biggest rise to $ 2,000 per eth. Then we dropped to level 61.8 of the biggest implus. We've been accumulating on this level for several days and eth won't go any further. After applying the next two fibo levels, at the level of $2532, we created a cluster. 0.618 of the last largest downward impulse and 1.618 of the last downward impulse. Considering the low risk / reward level, this is an interesting investment opportunity in my opinion
Long
by InvestMate
1
Litecoin Hugs Lower BoundsLitecoin has found support at the lower bound of the range, with $51.92 holding nicely. We should anticipate further support at $50.64 if things turn south, but these two levels have provided consistent support over the past month, so we do not LTC falling much further. If so, there is a vacuum zone to the mid $40's. The level $55.84 should hold as the upper bound of the range. We will need to break this level if we wish to ever test the $60's again, but that is a highly unlikely right now or in the near future.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Attempts Recovery, Still WeakEthereum saw meager support and the price action has trended upward slightly. Our new level at $1280 has held nicely, but the range has consolidated immensely, and there is very little momentum in the markets. If we are somehow able to catch a bid then $1341 is the next target, with $1424 an absolute ceiling for now. We feel we may need to retest $1235, if not lower, before buyers are inspired to come to the table. After that, there is a vacuum zone to $1100 which is a likely floor price for now.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin To Bottom Out Soon?Bitcoin has tested $19K, edging below it and finding support before the next level at $18.6K. We are encountering resistance again, immediately above $19K, and it is unlikely we will get the momentum to seek higher values, but if so, then $19.5K is the next target. If we are somehow able to surpass this level, then $20K is will surely provide resistance. It is likely that $18.6K will hold as a low, but if not, $17.6K should be considered a floor price.
BITSTAMP:BTCUSDShort
by quantguy
10
October 12 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the State of Avalanche Q3 2022 report released by Messari, Avalanche’s network value increased by only 3.3% while its total revenue dropped by 94.1%. Bitcoin is up 0.3% over the last 24 hours and rose to an intraday high of $19,267.11. The largest cryptocurrency continues to trade in a tight range on Tuesday as the investors are now waiting for the release of the latest Consumer Price Index (CPI) inflation data on Thursday. The Crypto Fear and Greed Index shows that the market sentiment is in the extreme fear territory. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone. Today’s Cryptocurrency Headline Portugal's New Draft Budget Proposes 28% Crypto Income Tax The government of Portugal proposed a 28% income tax on cryptocurrencies in its draft 2023 budget released on Monday. The tax only applies to cryptocurrencies owned for less than a year, and gains held for longer than that period remain tax-free. Free cryptocurrency transactions will also be taxed, and a 4% rate will apply to commissions charged by intermediaries. The budget will still need to be discussed and approved within parliament in the coming weeks. Given that the ruling party has an absolute majority, it has the power to decide the issue. 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
Bitcoin Finds Support at $19KBitcoin has continued to establish weakness, breaking through our level at $19.5K. We are currently finding support at $19.0K, confirmed by green triangles on the KRI. We have added this as a new technical level on the chart. The Kovach OBV shows little signs of life, and if we break down from here, then $18.6K is the next target. We feel BTC needs to bottom out again before a signfiicant rally. If we do rally, then $19.5K will provide resistance and $20K is almost certainly a barrier for now.
BITSTAMP:BTCUSDShort
by quantguy
Weekly Analyze of the Crypto Investing in October, 2022Date: Oct 1,2022-Oct 8,2022 This week, the crypto market went out of a rebound and repaired the market, but the trend is still not strong, and the overall situation is volatile. BTC's weekly highs and lows are raised, and this weak rebound will be maintained before effectively breaking through 18900. The daily line chose to break up after converging on the 3rd, and broke the previous high point. It fell back after encountering the resistance of the Fibonacci 50% of this section and the horizontal resistance level of 20500. It is currently running near the lower edge of the upward channel. The support range is 18500-19000. If the structure breaks down and relays, the support will be around 16500-17000 and the resistance range will be 20500-21000. Before ETH's weekly break of 1270 turned negative, it continued to rebound to repair expectations, but it needs to break through 1400-1420 to open the upward range. The daily line has been arranged in a narrow horizontal range, and it is currently at the upper edge of the low-level shock range, which is approaching the end of the convergence pattern. The support range is 1250-1300, and the pressure range is 1450-1500. 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. (All for reference only, plz invest rationally)
by VtradingGlobal
Bitcoin(BTC/USD)Daily Chart Analysis For Week of October 7, 2022Technical Analysis and Outlook: The Bitcoin completed our interim rebound as specified Bitcoin (BTC/USD) Daily Chart Analysis For September 30. On the downside, the main target is our newly created Mean Sup $19,050, Key Sup at $18,400, and the next Outer Coin Dip at $17,200, with the possibility of extending to the prevailing move to #2 Outer Coin Dip at $15,500 - There are possible short-term upside moves to Mean Res $20,385.
BITSTAMP:BTCUSD
by TradeSelecter
October 8 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the latest nonfarm payrolls report from the Bureau of Labor Statistics (BLS), U.S. employers added 263,000 jobs in September, above expectations of 250,000. Bitcoin is down 2.64% over the last 24 hours and fell to an intraday low of $19,323.16. The largest cryptocurrency dropped alongside the traditional equity market, because the report from BLS shows the U.S. jobs market remains strong, which suggests the Federal Reserve is unlikely to pivot from its hawkish interest rate hikes. The CME FedWatch Tool now assigns a 79.6% chance for a 75 basis point rate hike in November, up from 56.5% just a week ago. Today’s Cryptocurrency Headline Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures Bitcoin miner Argo Blockchain has raised $27 million by issuing 87 million shares to ease liquidity pressures. The company’s chief executive, Peter Wall, said the combination of rising energy prices and falling bitcoin prices hit Argo’s profitability, leading to a cash crunch. Additionally, the company raised $7 million through the sale of 3,400 Antminer S19s. 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
Bitcoin $20,000 Resistance The Downtrend ContinuesIt seems like Bitcoin wants to get back above $20,000 but it is starting to face resistance getting back above $20,000. We've been ranging from $18,200 - $20,300 for over a month now. Due to the stochastic RSI wave peaking and being at overbought levels on the daily I believe short term Bitcoin will be going back down to the low $19,000 levels within the next week or two. We've formed our daily wave and now it's starting to crest out. I put in a short above $20k looking for Bitcoin to hit around $19,500 level to close the trade. Much peace, love, health, and wealth!
COINBASE:BTCUSDShort
by peacefuljustin
LBC Library still under monthly resistance The monthly stochastic RSI is showing strength and momentum but price is still under the resistance. LBC needs to move above 3 cents and hold it as support on the monthly chart. doing so would make the next move be to the resistance of 7 cents and the same rules apply to this resistance area as the previous. Momentum growing I would not be surprised to see the price move above the 3 cent mark and make it support. Library is great media platform that is decentralized and open sourced. By being decentralized the platform protects freedom of speech rights and ensures freedom of press. There also is a mobile app on Android. There is a court judgement against this project awaiting the final ruling as the SEC has filled a securities claims against LBRY. Regardless of the outcome, this jurisdiction is bound only to USA borders so to the rest of the globe it means nothing. Thanks for looking Any questions or comments can be left below.
Long
by WeAreSat0shi
Litecoin Remains Bounded in the Mid $50'sLitecoin has gained traction, tending toward our upper target of $55.84. The price seems to be equilibrating just below this level, with a possible bull pennant pattern forming. It is not likely that we will see much momentum come through as risk-on markets remained inhibited by higher weekly unemployment and a hawkish Fed. But if so, $55.84 is likely to provide resistance and remains a barrier to higher levels in the $50's. If we retrace, then we should see support again at $51.92 with an absolute floor price of $50.64.
BITSTAMP:LTCUSDShort
by quantguy
1
Weakness in Ethereum?Ethereum has trekked higher, breaking through $1341. We are starting to see increased resistance above this level confirmed by multiple red triangles on the KRI. The Kovach OBV is edging up, but we don't expect much momentum to come through today on account of higher weekly unemployment and hawkish Fed-speak. Current levels are likely to hold, but if not, we could retrace back to the $1200's with $1235 a likely lower bound. It is not likely that we will see any significant buying come through but if so, $1424 is the next target.
BITSTAMP:ETHUSDShort
by quantguy