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ETH-BTC

BITCOIN At LONG TERM RECOVERY TREND EXPECTING -NOVEMBER UPDATEHello trading friends, This is not short-term expecting for BTC - as it can be also a short-term effect, but it's the main trend update. Depending on long-term expectations that BTC will enter a new recovery period. This depends on the tools we use as ETN tools, and more trends and patterns. The data of now shows that Bitcoin could enter a new recovery. And we have seen this also more times in history, recovery is a trend that is into trading. also with our last update about the ETN tool when it did hit 39K, and this happened more times. # Coming time we will add more daily updates, as this update are not a daily update, this update is for the long term as we did add here above. The recovery could even break down the 50K area. Can the trend increase more the price of now? Yes, the market is going depending on request and price could increase - but the main update tells that a recovery could happen as we did add above. Have a great day!
Short
by watchtrend
11
eth usdt daily chartEther scales $4,600 to record high, bitcoin trails Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin's rally and riding on news of wider blockchain adoption. The ether token, which underpins the ethereum blockchain network, rose to as high as $4,643 in Asian hours, breaching the previous day's $4,600 and taking the week's gains to more than 10%. In the days since bitcoin, the world's largest cryptocurrency, hit its record high of $67,016.5 on Oct. 20, other tokens on the base layer of blockchain networks, known as Layer 1 networks, have gathered momentum. Bitcoin (BTC) was trading around $63,078 and is up about 117% this year, while ether is up six-fold. "Since the market reversal at the end of September, ether's strength has been moving in stride with BTC and other majors," said Ryan Rabaglia, managing director and global head of trading at digital asset platform OSL. "Ethereum has been the clear winner of the Layer-1s for what we believe will be a substantial shift in a potentially prolonged market sentiment uplift. Ethereum will also continue to play a major role in the NFT and metaverse ecosystem build out," he said. The steady stream of news on cryptocurrency adoption by banks, growth of non-fungible tokens on virtual gaming platforms, launch of bitcoin futures-based U.S. ETFs and a need among investors for diversification in an uncertain interest rate environment have pushed several blockchain tokens, including bitcoin and ether, higher since October. Smaller tokens too have seen rising interest after Facebook Inc (NASDAQ:FB) rebranded itself into Meta to focus on building the "metaverse", a shared virtual environment. Australia's largest bank, Commonwealth Bank of Australia (OTC:CMWAY), said on Wednesday it will become the country's first to offer retail clients crypto services. According to digital assets researcher CryptoCompare, assets under management (AUM) in digital investment products rose 45.5% in October to a record high of $74.7 billion. The total AUM for bitcoin-based products grew 52.2% to $55.2 billion, while ethereum-based funds AUM increased 30% to $15.9 billion, record highs for both categories.
by bnb_cake_avax_png_matic
Binance Coin eyes $560 bnb usdt chartBinance Coin eyes $560 next after BNB price 'Cup and Handle' breakout The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560. Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at a length equal to the Cup's size.
by bnb_cake_avax_png_matic
XINFIN XDC Has a distinct cycle which should continue.See the chart and notice that XDC has very distinct cycles and it looks like another one is in the works and about to play out. This recent dip in price wasn't really about selling, rather it was because the Bitcoin price took a nice dip and everything is pretty much pegged to Bitcoin in this market. There is also a couple of Bullish engulfing candles that happened over the past couple weeks and in previous it was the precursor to a large move up in price. Also the percentage of gain from the bottom in each cycle to the top is a much greater percentage gain each time. This is a powerful chart and I believe we are going to smash the ceiling in this next run before a long term 3 + year correction. Not financial advice. Let me know what you think guys and thanks for looking. Good luck.
BITFINEX:XDCUSDLong
by Bitgolder
BITCOIN TREND UPDATE WHAT NEXT?Hello trading friend, ✅This is an update for BTC and with last trends. we have seen before an increasing trend also depending on ETF news. 📈Know that BTC is at top price and it's important to manage the risk in case if Bitcoin gets a massive change trend. Depending on the TA trend Bitcoin are since 62K into the uptrend area. It's important to follow the 59700 trends because if #Bitcoin hits that area Bitcoin could break down more. it's not only about price hit but also with confirmation and time frame, which means at last 1H time frame. some times the #Bitcoin hit the breakdown trend area, but recovery directly into 1H again into uptrend - always wait for confirmation. Yes, the trend is still into uptrend - but it's not the best time to just enter a trade. the same are also for the breakdown trend, we should see first some confirmations trends. What the charts show at this moment depending on Live data: that the trend is into uptrend - at this moment there is still no signals for breakdown trend - but if we hit the price action of 59700 this signals could active. Have a great day.
Long
by watchtrend
3
NEAR - potential trade 🚀🚀NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees. This is an interesting project from a fundamental point of view. It could be a good coin to invest in. If we analyze the coin from the technical analysis side, the price has broken through the triangle and is approaching the important level of $8.57. A good buying opportunity would be after the price squeeze near this level and breakdown. Targets are the local high and the historical high, which is a strong resistance. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
1