Cyrptocurrency
Bitcoin eyes highest weekly close since early February.Bitcoin eyes highest weekly close since early February as BTC price hovers under $42K to sow to $45k in coming days
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maneuvering around the upper $41,000 zone Sunday.
Friday‘s late surge had broadly held, and Saturday saw a return of $42,400 on Bitstamp, matching the high from the start of March.
“This could change anytime, but frankly the Bitcoin price chart currently looks better than it has for quite a while now,” analyst Lyn Alden summarized at the end of last week.
Now, the weekly chart looked set to deliver Bitcoin‘s best weekly close since early February. So i see the Bitcoin going $45k this weekend.
Ukraine Bitcoin exchange volume spikes 200% as Russia war sparksKuna, a long-running native crypto exchange, sees a swift change in client activity amid currency controls and the hryvnia at all-time lows.
As the armed conflict with Russia began, the impact on the fiat currencies of both countries was immediately apparent.
While the Russian ruble suffered noticeably more, the Ukrainian hryvnia also fell, targeting 30 per dollar in what would be a new all-time low.
Ukraine, which just this month finally ratified a law legalizing cryptocurrency after much to-and-fro between lawmakers, unsurprisingly saw interest in alternatives snap higher.
The effect was obvious at seven-year-old Kuna, whose volumes were under $1 million on Feb. 21 but almost $4.1 million three days later.
LiteCoin Sings of Bullish ReversalLiteCoin ( BINANCE:LTCBTC ) is at or slightly below its all-time-low, sitting at a historical support line at 3000 Satoshi. The great thing about this is we're seeing a consistent RSI divergence that has been playing ever since the first time it hit 3000 Satoshi in Feb/March 2017. Every new bottom since then has has higher RSI low. Most importantly, the latest and current level has a higher RSI than all the previous bottoms. At the same time, the volume does not look too weak as is the case with dead coins. LiteCoin seems to have been changing hands or has gone through an extended period of accumulation.
I will keep watching this chart on different time scales in anticipation of a bullish move to the overhead resistance at 7000 Satoshi.
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Litecoin price analysis: LTC turns bearish, LTC/USD set to test Litecoin price analysis shows a bearish trend today. Litecoin’s current price is 104.37
Resistance has been tested at $110.1 but strong support lies at $100
Litecoin opened today’s daily chart with an increase of 5.69 percent, a bullish momentum. Litecoin price analysis in the last week has retraced to the $100 level. However, things turned bearish soon after as the prices dropped.
This week, Litecoin price analysis opened at the $95 level which is quickly closed with a 7 percent increase in just days. The current trend is still bearish and this week’s Litecoin news analysis may see LTC/USD testing the resistance at $150.The current resistance of Litecoin is at $108.03, a bullish trend line.
BTC 30k point to watch outBitcoin has reached a very crucial level of 34k to test double bottom.
We will expect the price might travel a little further down to 30k before any buyer comes in.
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Bitcoin plunges as Putin announces 'special military operation' The Russian army has begun a military operation in Ukraine as missile explosions have been heard surrounding several areas, including the capital of Kiev. Markets have dropped in response.
Global crypto and stock markets plunged after Russian President Vladimir Putin announced on a national broadcast that his army would conduct a “special military operation” in Ukraine.
As the sun began to rise in Ukraine, the Russian army launched missiles around several areas of the country, including the capital of Kiev and the city of Kharkiv.
XRP/USDTRipple (XRP) bounced off $0.66 on Feb. 2 and the bulls pushed the price above the 50-day SMA ($0.72). The buyers will now attempt to clear the overhead hurdle at $0.75.
If they manage to do that, the XRP/USDT pair could rise to the downtrend line. The bulls will have to push the pair above this line to indicate that bulls are back in the game. The pair could then rally to $0.91.
Alternatively, if the price turns down from $0.75, it will suggest that bears have flipped the level into resistance. The bears will then attempt to pull the price below $0.66 and extend the decline to $0.60.
BTCUSDT [EDUCATION] 📝Hello traders 𝐁𝐈𝐓𝐂𝐎𝐍𝐈𝐂 here,
As we see BTC is back in a uptrend after a huge drop to the downside started from nov 9.
The market will not make such a huge bounce back to his all time high. We have an important key level (described on chart).
In my opinion it will retouch it and form a abcd pattern. Soon or later the market has to get exhausted but we will see!
I will be selling after retouch around the key level ( sensitive area).
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GBPAUD UPDATE - RUNNING 240+ PIPS 🤯🤯 Hi Traders
Please see the above chart of Gbp/Aud.
We have taken an entry on this already at that start of the week which is currently running over 240+ pips and there is still some left to get in!
We will be monitoring price for a pullback into either an EMA or the trend aswell as looking out for things such as a bearish flag etc. #
Plenty more downside momentum left for us to get another position.
I will link the previous analysis below.
As always trade safely and with good risk management.
The Fx Chartist
ICP Short Term Structure is bearishI have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart.
As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending channel it seems to be forming.
In my opinion the probability that we test the bottom of the channel is much higher than a bullish breakout but this is crypto and sometime the most obvious direction is simply a trap.
Bitcoin - A Simple But Effective LookThe chart is in the weekly period and covers all the data; so I plotted on a logarithmic scale to show the magnitude of the movements.
Bitcoin, which lost 50% of its value compared to the highest level it saw, came up to the 100-day exponential average and although there seems to be a negative divergence with RSI, and it has a hard time holding the 35.600 level.
My guess is that fundamental analysis will override technical analysis, according to the decision of the FED meeting to be held on January 25-26. If it happens; when we look at the reflection of the Fibonacci retracement levels from December 11, 2017 to December 10, 2018; The 30,000 level was strong support. It should not be surprising if there is a pullback up to this support.
Investors need to believe in Bitcoin's rise. Considering that small investors are Spot traders so I guess that large investors will not ignore this because losing money will reduce the interest in this product.
For this reason, I think that it is not unreasonable to cost, especially at these levels, which the market looks at.
Crypto Outlook 1/22/22 Looking at adding to long term holds as we currently are seeing deep retracements in the crypto space to some previous key areas. Looking at Uniswap, Fantom, Ether, BAT, and Hedera to add to my current holds on each.