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BTC Market Review 04.12.2021The first cryptocurrency again spent most of Friday in a narrow range of 56150-57600. After the publication of mixed data on the US labor market, the cue ball made an attempt to grow, but immediately encountered a wave of sales, and the bears quickly returned the price to its previous levels. Then the fall continued and demand was absorbed near the key mark of 53500, and then 52700. In the morning, the cue ball fell below 50,000 and a panic spill began. The minimum is set at 42,000. Almost all altos have lost about a quarter of their value in one day. The next support is in the 40,000-40900 range. Now quotes are around 47600. Market capitalization: $ 2092 billion Dominance Index: 41.5% Fear / Greed Index: 24 American stock indices closed in the red on Friday. The Dow Jones fell 0.17%, the S&P 500 fell 0.84%, the NASDAQ Composite fell 1.92%. The price of WTI oil is now $ 66.16. Gold quotes have grown slightly and now give $ 1,783 per troy ounce. The dollar index is equal to 96.15. The number of new jobs in the US industrial sector in November increased by only 210k, instead of the expected 550k. This is a very significant discrepancy. The hourly wage indicator also fell short of the forecast. However, the unemployment rate turned out to be better than forecasted - 4.2% instead of 4.5%. Immediately after the release of this data, the dollar index fell sharply, and the cue ball jumped to 57600, but then everything turned in the opposite direction. Market participants believed that this data is not so bad as to influence the plans of the head of the Federal Reserve to reduce stimulus at a faster pace than previously thought. Despite the fact that prior to the appearance of the first substantiated forecasts on the degree of influence of the new strain of the coronavirus Omicron on the global economy in general and the pace of stimulation curtailment in the United States in particular, all technically significant support levels up to 40,900 have been broken. My tanks are full of BTC because I redeem such straits as El Salvador does, which today bought another 150 BTC at a rate of $ 48670. (Not a financial advice) Forecast for today: Judging by the development of the situation at the moment, the minimum has already been set and we will not go lower in the near future. Panic is a poorly predictable thing, since it is based not on logic, but on emotions. It is impossible to exclude further attempts to approach the key support zone of 40,000-40900 at the moment. The lows were quickly bought off as prices became very attractive. It is likely that the entire panic impulse will be bought out and the price will return above 50,000 in the near future. ----------------------------------------------------------------------------------------------------------------------------------------------- RISK WARNING Trading involves substantial risk and is not for every investor. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
BITSTAMP:BTCUSDLong
by MoneyButton
How use Moving Averages A moving average can act as support or resistance. In an uptrend, a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure. In an uptrend , a moving average may act as support; like a floor, the price hits the level and then starts to rise again. (1) In a downtrend , a moving average may act as resistance; like a ceiling, the price hits the level and then starts to drop again. Crossovers are one of the main moving average strategies. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross." (2) on the other side if the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "death cross." The second type is a price crossover (3) which is when the price crosses above or below a moving average to signal a potential change in trend.
Education
by ChartDepth
CADJPY Massive drop expected 1000pips +Hello Traders Here is a new Sell Opportunity, huge drop expected 1000pips + 💹CAD/JPY ⏬SELL ✅ Entry @91.000 or below ✅TP-1# 90.000 ✅TP-2# 89.000 ✅TP-3# 88.000 ✅SL# 91.800 My Forecast : This Pair Will fall with a big drop after a correction around 91.000 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Don't hesitate to write comments.
Short
by jamdejam
BEAR TRAP OR MELTDOWN? SP500 BREACHES UPTREND!Hello my beauties. I noticed that the S&P500 has breached a long term trendline that had lasted for over a year. It is the first time since the beginning of this downtrend that we see the price hang around below the trendline, failing to break back above quickly; the price did this a couple of times during the run to stop hunt and create liquidity. We are going to wait for price action to give further confirmation of weakness (such as a breach of solid daily support) before taking any trades, but I suggest you keep an eye out on this index to monitor price action. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
UShort
by TrickleDownFX