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BTCUSDTFollowing the previous analysis, the publication of the most important economic data of America, which showed the existence of inflationary stagnation in the economy, made traders optimistic about reducing the contractionary policies of the Federal Reserve in order to balance supply and demand, and this caused the demand in risky markets such as crypto and bitcoin with momentum. A strong rise and contrary to expectations, with the words of the Fed, it was able to return to the ceiling of the ascending channel and the resistance range of 23600 to 24300, and as we can see in the chart, it still recorded a higher floor. If this momentum could cross the resistance of 24300, we could expect to reach We have higher areas up to the range of 28400. Due to the closing of the markets from tomorrow and the decrease in the volume of market transactions, if this movement does not succeed in breaking the resistance area, we can expect to stay in the same resistance area and with the filling within the time, we can expect the price to decrease to the area of ​​22800. Depending on the type of movement, the continuation of the route is a Chinese scenario.
by MrHunterTradeInsight
1
BTCUSDTAccording to the previous analysis, Bitcoin is pulling back to the midline of the ascending channel in the range of 21500 to 21700 after breaking its main support areas, and on the other hand, it is facing the middle resistances of the fork and the 1-hour trend line, and since it has been able to more than from 50% of the previous rising wave, it is more likely to continue the downward trend to the bottom of the channel around the psychological range of 20000, which is symmetrical with the main middle line of the fork, but considering the return from the 0.618 Fibonacci level, if it crosses the 21700 resistance range Its main level is 23,000, and upon its failure, the confirmation of the start of the upward rally up to the range of 28,400 is issued. Today, the main economic data is the announcement of the interest rate increase for the fifth time in 2022, which increases or decreases the rate 8 times a year. According to most experts, this rate increase will be 0.75% and will bring the interest rate to 2.5%, and as it is clear in the interest rate graph, 2.5 is the interest rate ceiling in 2019, but if the Federal Reserve Like the European Union, there is a surprise on the way and it increases the interest rate by 1%, this resistance has been broken and it can grow up to the previous ceiling of 5% that happened in 2006-2007 (that is, technically at this level? 😁) On the other hand, yesterday's economic data, which was the index of consumer confidence and the sale of newly built houses, was significantly lower than the previous period and the expectations of experts (it should be noted that Mr. Biden, who these days has improved the good behavior of the locksmith 😜), it was announced that this data shows a decrease There is a strong demand in the market, and this can be the factor influencing the further increase of the interest rate by the Federal Reserve, because the main determining factors in the American economy are data, not leadership and oversight, and the Federal Reserve and the government operate independently. With these words, in general, it is more likely that the market will continue to fall, although we are in the most difficult market conditions and new data can affect the market conditions at any moment.
Short
by MrHunterTradeInsight
3
BTCUSDTFollowing the previous analysis, due to the closing of the market yesterday and today, we have seen a not so noticeable strengthening of the buyers in the support of 22000, which is only a psychological support, and since a significant volume (at least until today) has not been recorded, this candle cannot be used to continue moving. Ascending was known as a trigger, by observing Bitcoin in the 12-hour time frame after the price reached 24000, after retesting that price area, it had a heavy rejection, and as it can be seen from the last 12-hour candlestick, the last three candlesticks have not been able to produce even one last falling candlestick. Therefore, we expect to see the price rejection again from 23000 to the area of ​​21500 to 21700. On the other hand, we see the formation of a flag pattern, the condition for its activation is a break with high volume in the area of ​​23000, which according to the conditions of the last few candles, a very low probability for this break can be considered. All in all, considering the very important inflation data and the interest rate announcement, we should expect an exciting week for all markets, because just as the Euro zone interest rate announcement was beyond the market's expectations, the announcement of a 1% increase in the interest rate could be a surprise for the Federal Reserve. It is for the market, which experienced a good growth last week due to the incorrect reading of the inflation statistics by Biden and may have created an opportunity to vent.
by MrHunterTradeInsight
ADA/USD: Weekly Outlook AnalysisCardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a break of this support, we could to see that the price can to move to $0.19 cents, but my realistic price could be $0.24 cents. But now, if you want to buy Cardano, wait for $0.24 cents. Because I plan to re-buy Cardano. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
6