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Technical analysis: Will the ETH/USD price reverse its retreat?The ETHUSD technical analysis of the price chart on 1-hour timeframe shows ETHUSD: H1 has breached below the 200-period moving average MA(200) following a breach below the support line after multiple tests of. We believe the bearish momentum will continue after the price breaches below 3250.15. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3370.40. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
COINBASE:ETHUSDLong
by johanpedersen
Bitcoin (BTC) Signals for 48% Upside With Target at $61,000It turns out that also today’s price action combined with the values of the indicators on the 5-day time frame gives conditions similar to historical signals of a strong Bitcoin move. Recently, well-known cryptocurrency analyst Eric Krown took a look at this development on YouTube. If the market behaves like it has for the past 12 months, the BTC price could reach the $61,000 area in about 42.5 days. Bitcoin reached the all-time high (ATH) of $69,000 on November 10, 2021. After that, the price declined for the next 75 days to reach a bottom at $33,000 on January 24, 2022. BTC has dropped 52% since the ATH. Since the January bottom, BTC has been in a sideways trend, with the price consolidating and higher lows appearing on the daily chart. For the last month and a half, Bitcoin has been in a fairly well respected range between $37,500 and $44,500.
COINBASE:BTCUSD
by joinednonjura
1
Bitcoin jumps to $41,000 while breaking out of trading range Bitcoin briefly spiked above $41,000 for the first time in a week, bringing the cryptocurrency out of its recent narrow trading range, as risk assets rebounded worldwide. The largest digital asset by market value jumped as much as 5.7% to $41,691 before paring its gains in early New York trading. It is down about 12% this year. Other tokens such as Ether and Solana also got a lift. Stocks rose, with Chinese equities rallying on a pledge by Beijing for policies to boost financial market .. A sustained rally is unlikely while the Federal Reserve tightens through the year, billionaire cryptocurrency investor Michael Novogratz who heads Galaxy Digital Holdings Ltd. said Tuesday during a TV interview on Bloomberg Crypto. Bitcoin is likely to stay in a range of $30,000 to $50,000 in an environment of rising interest rates, he said. Bitcoin had spent the past few days mired in the tightest trading range since October 2020, a phenomenon some market watchers ascribed to long-ter ..
BINANCE:BTCUSD
by johanpedersen
3 MAIN POSSIBLE SCENARIOS #BTCexplanation current main support zones 1)35k & 20 ma monthly & ascending trend line(blue) & 100 ma confluence together 2)30k 3)20k & 100ma weekly & lower trend line support of main ascending channel confluence together current main resistance zone-45k & 50 ma weekly confluence together facts (1)you can see that 35k zone is very important ...there are many confluences together..good zone to re-obtain/gain the bull strength!!! (2)if btc break 35k zone its gives us a very bearish,bad sign.sooo watch 35k level carefully. (3)its clear that 45k area also a high resistance zone..if btc break 45k area we can see 48k,52k respectively.(im personaly 50% bullish if that breakout happened) (4)rsi line have a chance to test the yellow support zone..(im personaly expecting a move like that) (5)i have a drew a blue trendline traingle watch it too possibilities *i have draw 3 scenarios that can happen 1,2,3 in blue,pink,green respectively. *if we loss 35k ..20k is more possible(if we break 30k zone clearly)... *if we loss 35k btc may create a reversal pattern like head & shoulder..like head in the 30k zone or 20k zone my personal idea about btc :-if we loss 35k,30k zones 20 k is comming...its more possible heres not like in 2021 may month . there are many confirmations...rsi levels,fibanachi,ma history more and more...so atleast we must hold above 30k..im completly bullish(100%) if btc break blue traingle upward and establish properly..until then im not trusting the market... so survive in the market..dont be overbullish!! #notafinancialadvice just my view. analyzed by-@movindu karunathilaka
INDEX:BTCUSD
by DIPTEAM
BTC Stopped at $45KAfter last week’s roller-coaster that transpired when Russia invaded Ukraine, bitcoin started to regain value and knocked on the door of $40,000. While it was stopped there at first, the asset broke down that door on February 28 and kept climbing towards weekly highs. This resulted in nearing $45,000 at the start of March. In fact, BTC touched that level twice in the past two days but failed to breach it successfully. The latest rejection came yesterday. Bitcoin briefly exceeded that level and marked a new 3-week high, but the bears stepped up and pushed it south by $2,000 to $43,000. It tried to reclaim some ground in the following hours but stands just a few hundred dollars above that intraday bottom as of now. Nevertheless, being more than 20% up weekly means that the asset’s market capitalization is well above $800 billion.
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by gibsonlookey
Is war negative news for cryptocurrencies? 🧐🗣️🏳️Hello everyone, The title clearly asks a question that each of us should ask ourselves. I buy at the bottom and I don't wait for bigger drops, because in my opinion there may be no more of them! Today in the news, each of us read about Russia's invasion of Ukraine, which took place. The stock market reacted immediately, but was the decline strong in relation to the strength of the information? Absolutely not! Bitcoin does not want to fall further. So what bad would have to happen to smash Putin and move the price down? We have to wait until the next day to be able to wonder if it is really a hole. In my opinion, people will flee to cryptocurrencies from fear of losing funds, not working banks or hacker attacks on access to electronic banking. Therefore, Im buying some extra to my wallet and waiting for the situation to develop. Everyone buys at these prices. On the chart, we are currently in a key place for BITCOIN AND ETH. The last trough for us is the final resistance to going down to $ 1,500. If we beat him. If the price rebounds, it could make a beautiful doublebottom and shoot up to the resistance of $ 3,200. Comment and like, Greetings.
COINBASE:ETHUSDLong
by SayMoney
1
BTC - Let's See Which Trend Line Can HoldI don't normally talk about trend lines as they can be real pain in the a** sometimes as they get invalidated quite often but still. We can see that the green one is REALLY strong one so if broken yellow one will not hold as a support, the green one should. As a sad before BTC could still dip a bit lower with a wick, that would in practise scared a lot of retail because of this broken green trendline that would inevitebly occour in such situation. Don't worry about that to much as price would very quickly rebound back up. Market is already scared enough and selling pressure is diminishing and losing strength. Summer 2021 lows will hold till we get back into a 55-60k area, then after that we will collapse lower eventually. This is something we have yet to talk about when this will start to happen. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:BTCUSDT
by CR35
Bitcoin at the most important support level ~42,000It is no secret anymore, Bitcoin has arrived at the largest and crucial support level of February, ~42,000 It has already bounced off several times from here, and the optimistic will hope it will bounce off again for a hit at that crucial resistance at ~45,000 Yet, we need to understand that the range we're looking at is starting at ~30,000 and that means that there is a price level there where perhaps bears want to touch before they will allow bulls to kick it hard. Ultimately, this is a traditional game of Tug of War, and the long term winners will as always be the bulls. Temporarily however, the bears will run the show.
by UnknownUnicorn35305092
6
BTC dipping before a potential breach of ~45,000 levelsThe 4h chart of Bitcoin is in uptrend and to breach the uptrend, a major collapse needs to happen at this point. Rather than a collapse, the chart indicates the dip we are experiencing now as a potential necessity before breaching the ~45,000 price mark. Nonetheless, RSI shows both on the 1h and 4h chart, Bitcoin is entering oversold areas. This could be a a planned move by the bulls after being rejected several times at ~45,000, exhaust the bears in a calculated dip to go long and enter ~48,000 within the upcoming third week of February. Traders should be cautious with their trades, we are still considered to be in no mans land. The winners are those who entered long trades at ~30,000 price marks
by UnknownUnicorn35305092
1