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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
August 31 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’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 negative territory, indicating the market sentiment is weak. For now, the buyers must push the price above the psychological level of $20,000 in order to avoid further decline. Today’s Cryptocurrency Headline Fireblocks Launches Support for Solana Crypto custody and services firm Fireblocks has added support for Solana applications. Users will be able to interact with applications directly on Fireblocks' platform and access a suite of building tools optimized for security. Fireblocks CEO Michael Shaulov said Fireblocks’ Web3 Engine offers Solana builders the highest level of security when it comes to accessing the blockchain and its ecosystem of applications for their customers. 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 Macro Analysis - Log Curve 2024Bitcoin 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 - Price has touched the lower band of the Log curve at the end of bear markets, this has happened at least 3 times in history - highlighted in green - Price % increases have gotten smaller over time with each bullrun, as is normal with a maturing asset on a Logarithmic scale - Bitcoin's length (time/bars) of bull runs have been getting longer with each one at 11 bars, 24 bars, 35 bars respectively - highlighted in yellow - Accumulation zones in green rectangles precede future ATH's Present situation & unknowns: - Price has not touched the upper band of the Log curve - highlighted in upper grey circle - Price has not touched the lower band of the Log curve - highlighted in lower grey circle - Bitcoin's bullrun, if peaked already, will have decreased in length (1st time in history) relative to past runs, sitting at 27 bars at the peak of 69k - highlighted in lower grey box - I think to break and go below the bottom band for a longer period of time (low low prices), then it should take un-foreseen negative news in the global economy; I believe current factors are being priced already since Nov/Dec 2021. If Bitcoin's bull run is still 'in process', then it currently fits the thesis and we could expect an ATH peak in late 2023 or 2024, somewhere around 55-66 bars to completion and a tap of the upper band on the Log curve. If this is the case, we do not want to see a touch of the lower band on the Log curve to further validate this, but it doesn't mean that can't happen. Or, you can argue we've seen our bullrun already and topped at 69k, many make this argument and it's perfectly fine. If this is the case, however, then in theory we would be nearing our end of a bear market bottom, around 16-17k or perhaps one more lower low to finally bottom on a touch of the lower band of the Log curve then it proceeds to accumulation zone in green box. Whichever side you are in belief of, the resulting action should be quite similar as an investor/trader imo at this point in time. Hope this is helpful! Let me know your thoughts in the comments! V
BNC:BLXLong
by cryptovatsik
2