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Is BTCUSD oversold? I don't think so.The Federal Reserve wants to slow inflation by tightening monetary policy. But excessive tightening threatens to drag the economy into a recession, so market volatility has increased. The Nasdaq and S&P 500 indexes fell for the fifth straight week, and the Dow Jones fell for the sixth straight week. This is the longest streak of declines for the S&P 500 and Nasdaq since mid-2011 and since late 2012. Cryptocurrencies, a risky asset along with stocks, have stepped into a long decline after a brief period of all-time highs, which means the cryptocurrency market may face more pain.
INDEX:BTCUSDShort
by Super_B_XinR
2
Project XNext price target $58-$65 or higher. Twitter ( TWTR ) said Monday that Tesla ( TSLA ) CEO Elon Musk will buy the social media company for $54.20 per share in cash in a deal valued at about $44 billion.Twitter will become a privately held company after the deal closes, the company said in a statement. "Freedom of speech is the cornerstone of how democracy works, and Twitter is a digital town square where people discuss issues critical to the future of humanity," Musk said. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithm open source to increase trust, defeating spambots and authenticating everyone."
NYSE:TWTRLong
by Super_B_XinR
9
XAUUSD Technical OutlookXAUUSD hit a new price low in the last trading session of the week, and the market's lack of confidence and failure to reach a consensus to form a synergy has led to repeatedly blocked rallies. Prices are trading below key moving averages, which are unfavorable signals. On the other hand, the market expects the Fed to use aggressive means to raise interest rates and thus suppress inflation in the future. If buyers come back and trigger a bullish reversal, then the potentially favorable price levels are shown by the black arrows in the chart. Of course the green zone is still a reasonable support range and there is reason to believe that this price range will become a new grab and the long and short sides will fight to the death.
OANDA:XAUUSDShort
by Super_B_XinR
EURUSD Technical OutlookFrom a technical point of view, the outlook for EURUSD shifted from bearish to oscillating in the demand zone. Prior to this, the sharp price decline was not met with resistance, the emergence of lower highs and lower lows patterns, as well as the price trading below key moving averages, were unfavorable signals for the common currency. On the other hand, ECB President Holtzmann said that the ECB is planning to raise interest rates and that they will discuss and possibly do so at their June meeting. Currency markets are betting on the ECB to raise rates three times later this year. If buyers return and trigger a bullish reversal, the upside target appears at 1.06361, near this week's peak. If there is further strength, the focus would shift to 1.07070 and then 1.08060. If EURUSD still accelerates its retracement in the coming weeks, support could be seen around the May low at 1.04700, but if sellers manage to break this floor, we cannot rule out a move to lower lows at 1.02800-1.03600.
by Super_B_XinR
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
BTC battleBitcoin is going to be battling some intense scrutiny, legislation, FUD, and general nonsense for a while. As you can see, 3 simple predictions -- based on previous trend, EMA, Fib Retracement, and Ext Fib Trend, and a well placed Pitchfan to account for variability -- that leave you with an optimistic, realistic, and pessimistic prediction. I don't count myself as an expert or anything more than a meat-popsicle. I do appreciate any support and discourse in the comments! Please do! Not advice. Never advice. Smoke up, meaty-men. Daily chart.
BINANCE:BTCUSD
by Ignignokt
1