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Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot which has been identified as an overlap resistance and could fall to the pullback support. Pivot: 59,322.72 1st Support: 54,314.81 1st Resistance: 61,694.13 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
Bullish rise?Bitcoin (BTC/USD) has reacted off the pivot and could potentially rise to the overlap resistance which aligns with the 61.8% Fibonacci retracement. Pivot: 59,227.02 1st Support: 58,400.61 1st Resistance: 61,951.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
2
GBP/USD eyes retail salesThe British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%. The UK release retail sales for March on Friday. The market forecast for March is 0.7% y/y after a decline of 0.4% y/y in February. Today’s British Retail Consortium retail sales index jumped 3.5% y/y in March, raising hopes that the official retail sales release will also improve. The driver behind the strong gain was spending on food, as the Easter holidays fell in late March. Retail sales have shown sharp swings in 2024, with adverse weather keeping shoppers at home and weighing on consumer spending. The weather will improve in the coming months and the Paris Olympics and Taylor Swift concerts are expected to lead to an increase in consumer spending and demand. Inflation in the UK declined to 3.2% y/y in March, down from 3.4% in February but higher than the market estimate of 3.1%. The inflation rate fell to its lowest since September 2021 but the BoE remains cautious and is yet to signal that rate cuts are coming, especially as core inflation has proven to be sticky and is more than double the 2% target. In the US, the Federal Reserve is none too happy about inflation accelerating in February and March. Fed Chair Powell said this week that higher-than-expected inflation would delay rate cuts and there are doubts whether the Fed will raise rates at all this year. The markets have slashed expectations for rate cuts due to the robust US economy and rising inflation. GBP/USD tested support at 1.2451 earlier. Below, there is support at 1.2421 There is resistance at 1.2486 and 1.2516
by OANDA
Pound stabilizes as shop inflation dropsThe British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as 1.2539, its lowest level since February 14. Inflation in UK stores fell to 1.3% y/y in March, according the British Retail Consortium (BRC). This was below the 2.5% rise in February and the market estimate of 2.2% and was the lowest level since December 2021. The BRC also reported that food price inflation fell to 3.7% y/y in March, its lowest level since April 2022. This was the 10th straight month that food prices inflation has decelerated. The data points to headline inflation continuing to fall and has raised expectations for a rate cut from the Bank of England. The markets have priced in a quarter-point cut in June at 62%, with an outside chance of an initial quarter-point cut in May. The BoE has stuck to its script of “higher for longer”, maintaining rates at 5.25% for five straight times, but the March meeting signaled a possible shift in policy. Governor Bailey said at the March meeting that the UK was “on the way” to winning the battle against inflation but signaled that rate cuts could be on the way. As well, eight MPC members voted to pause and one voted to lower rates at the March meeting, while at the previous meeting, two members voted in favor of a rate hike. The UK releases the March inflation report on April 16th and this release will likely have a significant impact on the BoE’s rate path. GBP/USD Technical GBP/USD is testing support at 1.2605. Below, there is support at 1.2552 There is resistance at 1.2704 and 1.2757
by OANDA
Bitcoin analysis using Chaikin Money FlowCRYPTOCAP:BTC Chaikin Money Flow is INTERESTING indeed! You can tell when the top was forming. Since then that top, we did call it, #BTC has struggled pretty bad with small pumps here and there. However, look @ it now CMF has been creeping higher, slowly. We could be very close to a #bitcoin bottom. Want to see CMF north of Zero. Let's proceed with intraday data. Focus on Blue Box for CRYPTOCAP:BTC Left side: CMF cratered, showed warning signs early on, close to top. We did warn before it happened, it was tough area for #BTC to break through. It used to be staunch support (now it's turned to resistance). Right side: That's a nice pump for #BTC CMF in such a small time frame, interesting indeed Hourly #Bitcoin shows ray of hope.
CME:BTC1!
by ROYAL_OAK_INC
ORDINALS 30MIN bearish short term Hey everyone! Been absent for quite some time. Lately ive been looking for an entry on ORDINALS so if youre also looking for a possible entry based in Technical Analysis I bring you the 30 min timeframe chart which is looking bearish IMO. In the chart,above, i have highlighted everything you need to know as well as target boxes. I believe I am being very clear on my TA but ask any questions below if you have any doubts regarding the TA. ORDINALS IS THE NEW TREND AND THE KING OF BRC20 LEADER. Brc-20 Detailed Explanation: Understanding Bitcoin's New Token Standard and Its Applications, Limitations and Prospects 1) What is brc20? The BRC-20 token standard on Bitcoin was created by Twitter user @domodata on March 8, 2023, as an experimental fungible token standard. It utilizes #Ordinals protocol JSON data to mint and transfer tokens. BRC-20 creators stress that this is just an experiment and the token itself has no value. The first BRC-20 token contract deploys the "ordi" token, which is limited to 1,000 tokens per coin minting and a total of 21 million tokens. When minting BRC-20 tokens, pay attention to the choice of minting service, use the transfer function correctly, and ensure that there are still remaining tokens before minting. 2) How the system works? Brc20 relies on a front-end page to retrieve and view account balances. The focus is on real-time recording of account balances. It is necessary to always retrieve blocks and mark all casting, receiving and transfer behaviors. Deploy codes, supply and claim limits that directly record inscriptions. When the user mint, directly transfer the balance from the general account to the receiving account The transfer is divided into two steps. The first step is to cast a transfer function inscription to the sending address. The second step is to send the inscription to the receiving account, and then the front-end system records the balance. 3) Some limitations of the system. Cannot exceed the maximum number of transfers declared at the time of token deployment Cannot exceed the user's available balance If the transfer behavior occurs in the same block, the order of confirmed blocks will prevail Each transfer inscription can only be used once. 4) How does the user operate? The operations of brc20 are divided into Deploy, Mint, and Transfer, that is, deployment, collection, and transfer. For the client, it is the casting of inscriptions. 5) Outlook Although BRC-20 is only experimental, its development has been actively promoted by the community and developers. Better standards and tools may emerge in the future. Better standards would require distributing tokens in deployment transactions, using data structures that don't consume too much block space. BRC-20 creators expressed interest in developing a better standard for bitcoin fungible tokens. If the market is large enough, search services can be designed to be used for a fee, resulting in a more accurate and better experience. The basis for the development of brc20 is that there are enough users of ordinals, and the premise of having more users is that the market value of nft is large enough.
Short
by CryptoGao1
Bitcoin forecast Sunny🌞 (Confidence: 0.91 )🌞 Bitcoin Weather Report 🌞 The Bitcoin chart index for the past hour shows promising signs, indicating a sunny forecast for the Bitcoin world! ☀️🚀 Let's take a look at the key indicators: - Open: 27111 - High: 27216 - Low: 27033 - Volume: 27670 - Close: 27166 The Bitcoin market has experienced relatively stable trading activity within this hour, with a slight increase in the high and low values. This suggests a healthy level of interest and participation. Moving Averages: - EMA9: 27301 - EMA21: 27429 - EMA50: 27586 - EMA100: 27823 - EMA200: 28083 The exponential moving averages (EMAs) indicate an overall upward trend. The shorter-term EMAs are below the longer-term EMAs, suggesting positive momentum and potential for further growth. Relative Strength Index (RSI): 36 The RSI measures the strength and speed of price movements. Although it is slightly below the neutral 50 level, it is not indicating any extreme overbought or oversold conditions. This suggests a balanced market sentiment. Stochastic Oscillator: - Fast %K: 34 - Slow %K: 31 - Slow %D: 33 The stochastic oscillator values are relatively low but still within a reasonable range. It implies that the market is not overextended and there may be room for further upward movement. Moving Average Convergence Divergence (MACD): -168 The MACD is currently negative, indicating a bearish signal. However, it's worth noting that the MACD is a lagging indicator and should be considered in conjunction with other indicators for a comprehensive analysis. Overall, considering the positive movement in the moving averages, the balanced RSI, and the relatively stable trading activity, my confidence in a sunny weather forecast for the Bitcoin world is high! ☀️🚀 Please remember that cryptocurrency markets are highly volatile, and this analysis is based on historical data from the past hour. Market conditions can change rapidly, so it's always important to exercise caution and conduct thorough research before making any investment decisions. Happy trading! 📈💰
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster
Bitcoin Sunny🌞 (Confidence: 1.0 )🌤️ Good news for Bitcoin investors! Based on the past hour's chart index, I predict sunny weather ☀️ in the Bitcoin world. The Open price was at 27557, and the Close price rose to 27569, indicating a bullish trend 📈. Additionally, the ema9 and ema21 are in a positive direction, and the ema50, ema100, and ema200 are all showing upward trends. This suggests a possible long-term bullish sentiment in the market. 📊 However, we need to be aware of some cautionary signs. The Relative Strength Index (RSI) is currently at 41, which indicates that there is still room for improvement. The MACD indicator is negative, showing that bearish momentum is still present in the market. Despite this, my confidence in the Bitcoin market's sunny weather is high, with a score of 1.0.
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster
Bitcoin Forecast Sunny🌞 (Confidence: 1.0)🌞☀️ Welcome everyone to the Bitcoin Weather Forecast! ☀️🌞 After analyzing the bitcoin chart index for the past hour, it's my pleasure to report that the bitcoin world is experiencing sunny weather 🌞🌤️! My confidence level in this forecast is 1.0, which is higher than the baseline of 0.864. Let's take a closer look at the data: - The open price for the hour was 27638, and the close price was 27660. This indicates that the market was relatively stable over the past hour. - The highest price point for the hour was 27686, while the lowest point was 27566. This suggests that there was some volatility in the market, but overall, the price remained within a relatively tight range. - The trading volume for the hour was 10843, which is an average value. However, the RSI was only 40, indicating that the market is currently oversold. - Looking at the moving averages, the EMA9 was at 27633, which is below the current price point. This is a positive sign for the market, as it suggests that the trend is upward. However, the other moving averages (EMA21, EMA50, EMA100, and EMA200) are all above the current price point, which indicates that there could be some resistance in the market. - Finally, the MACD indicator was -346, which suggests that the market is bearish. However, the fast and slow K lines were at 50 and 38 respectively, and the slow D line was at 31. This indicates that the momentum in the market is currently neutral. Overall, the bitcoin market seems to be experiencing sunny weather 🌞🌤️, with some potential resistance from the moving averages. The oversold RSI suggests that there could be a buying opportunity for investors. However, the bearish MACD indicates that caution should be exercised.
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster
🎢ADA: where to open a LONG? And targets for you!🚩🌟 ADA is down by -35% from its ATH and is in a permanent downtrend. A long and exhausting correction is making retailers want to sell, but we need to get the situation right. What does the chart currently shows? When to open a long trade? I will show a few scenarios that seem most likely to me. On the chart I have marked out these liquidity gaps: 🔶$0,91-0,94 🔶$0,98-1,06 A liquidity gap is a price range where the price can't stay for a long time due to the lack of buyers and sellers. That is the reason why the price breaks it so easily without any resistance. To open a trade, we need to see signs of bulls' strength: 🔥false breakout, liquidity collection, stop loss hunting in the $0.79-0.82 value zone 🔥increased volumes after liquidation 🔥squeezing under the trend line 🎯Targets: $0.9 $1.07 Friends, share your ideas in the comments! What are your targets for ADA? Is it brake $1 in a month? Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8