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Current Bitcoin DowntrendNot the worse change of trend for Bitcoin. Not surprising after a new all time highs Bitcoin cools off a tad. It's cool to see that most of the price recognition for October has happened at $60,000 - $61,000 serving as the point of control (POC). Since we've hit new all time highs the trend has been pointing down. We've really been flirting trying to hold support at $60,000 but as long as this short term trend is down the $55,000 -$57,000 area will be very important to hold if price continues to decline. We have lost momentum on the stochastic RSI on the daily and have bearishly diverged on our MACD so keep that in mind as a change in trend could come. But as of now the trend is pointing down. We may be on the way to retesting the 0.786 Fibonacci level at $56,200. Price and sentiment are holding up well for Bitcoin still.
COINBASE:BTCUSDLong
by peacefuljustin
AAVE Undervalued Will Rise.AAVE is the biggest DeFi lending protocol in cryptocurrency with $16 Billion total value locked ( TVL ) and has been moving a little sideways since September 20th from $260 - $315. We've been trading under the point of control (POC) at roughly $360 -$386 were the majority of buying and selling for AAVE has occurred since January earlier this year. Still a nice run up back to the the 0.382 Fibonacci level at $360 from these levels. $287 has been a sturdy support level since last month. AAVE has also deployed on the Avalanche ecosystem this month further expanding their services and adoption. AAVE has experienced a 1000%+ gain in total value locked ( TVL ) from October 2020 were it was just under $1 Billion. That trend only seems to be getting larger. The TVL on AAVE is bigger than the current market cap of $4 Billion. Keep AAVE on your radars! This is a fundamentally strong cryptocurrency that will continue to grow. AAVE has been marinating still a nice amount of room on the RSI as well. Much peace, love, health, and wealth!
Long
by peacefuljustin
Bearish market comesIn recent days, positive dollar news was released by the Federal Reserve, which was a positive signal for the growth of the dollar. Over the past week, the EUR / USD chart has tried several times to break the 1.175 price ceiling, but failed. This chart is in a downtrend. However, if it can break the 1.175 ceiling, it can be said that the market is bullish. At the beginning of the week, the price chart is expected to reach 1.173 and then the market will fall. Germany's manufacturing PMI was lower than last week's market forecast. Other euro figures were weaker against the dollar. In this analysis, two areas for entry are highlighted in blue. Losses are marked in red and profit areas are marked in green. This is just an analysis. Not a financial recommendation
Short
by mohamadrezaKhorsand
2
CRYPTO MARKET CAP - ALTUS.FINANCE⚡️MARKET CAP 👉 Drawing a Fibonacci retracement from the market cap's high this month to the low of this month reveals that we are in the process of forming somewhat of an inverse head and shoulders pattern. 👉 We must not ape in to any trades but wait for further confirmation that the bull run is not yet over. The entire space could see a large injection of money within the next couple weeks. Taking us op to back over 2T. 👉 Just 20 Minutes remain till the close of this 4H trading candle. We need to consolidate over the 0.236 Fibonacci level in hopes of an overall green sentiment amongst market participants for the rest of this week.
CRYPTOCAP:TOTAL
by altusfinance
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Sep 13 2021Technical Analysis and Outlook Bitcoin has been moving upwards since Sept 14 by breaking out from a Mean Sup $44,530 accumulation channel and accelerated. At that moment, the Bitcoin price is trading around weak resistance marked at $48,150 and is due to accelerate to our Mean Res $52,600 and Inner Coin Rally $54,550 . However, BTC’s recovery at this level will face stiff resistance, indicating that bears will be very active at this higher tier prices. On the upside, analysts remain bullish, as indicated on the August 9 chart and some other different fast-time charts that underline the bullish potential for Bitcoin. See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.
COINBASE:BTCUSD
by TradingSig