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Bitcoin testing supports and looking for a new bottomAs bitcoin has broken through support at 37,000, it is now exploring aggressively the support line at 36,500 respectively 36,000. If support breaks at 36,000, the next support line which Bitcoin can be exploring will be at 35,500 35,500 is also the ultimate support after which an approximate closer bottom can perhaps be seeing at approximately 33,000 Traders should be mindful of both short and long trades. The current Bitcoin trading area is no man's land.
by Mortdecai
ADAUSD What To Expect NextImportant things to note: BTC is sitting in no mans land between 42k and 53K. BTC is below 50W MA (Short term bearish). ADA hit previous target perfectly then was rejected due to BTC. ADA has a few places to go. Right now it can be assumed ADA is following BTC to next support. If BTC goes to 45.5 ADA will head to blue support line. If BTC goes to fill 42k wick, ADA will head to blue support zone. If BTC goes to 53, ADA will test yellow resistance zone. Chinese sell off is done. Market reopens this week. Important dates to note: Evergrande payments (largest payment of 2.1B due March 23, 2022). So to start, the Chinese sell off is done and accounts closed. The market opens this week and all though retail has been buying much of this recent dip, historically since the 29k sell off, institutions have dominated BTC. BTC is currently in no mans land and while it is sitting between 53k and 42k, its direction is highly unpredictable. Bears will wait for 42k and bulls for 53k. It is currently sitting below the 50W MA which is short term bearish. However a successful retest of 45.5k will result in a double bottom reversal signal. That being said, if BTC decides to go to 45.5k (where it looks like it is heading at the moment), ADA will go to the blue support line for a test. If BTC heads below to partially fill the 42k wick, ADA will go to blue support zone for test. If BTC heads upwards to 53k, ADA will go to the yellow resistance zone for a test. Though my last target was hit perfectly, the test of resistance failed due to BTC falling and here we stand. Remember that the tests of support and resistance by BTC will correspond with the tests of support and resistance for ADA. A good note is that though BTC has been rather bearish since the last giant liquidation, ADA held its own and found a strong support level. It is also worth mentioning that open interest levels are extremely high. This means a large movement is likely to take place, but it is too hard to determine in which direction it will go at the moment. I have been DCAing since the liquidation event into good opportunities and I will be posting some of those this week. Thanks again everyone. Happy New Year! So, tell me what you think! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
19
Novacyt ALNOV Graham Mullis, CEO of the Novacyt Group, commented: “Novacyt continues to process COVID-19 tests for current and future demand. We continue to ensure that innovation is at the center of our strategy and that our growing portfolio of COVID-19 tests is available to clients in private and public healthcare facilities to expand existing partnerships and support new partnerships. Throughout the pandemic, the demand for NHS testing has remained a key priority for the company and the award of the contract under the National PHE Microbiology Framework is a testament to our continued commitment. “We believe that our long-term strategy also supports the growth of Novacyt after COVID-19. In particular, our progress and growth potential in the private sector will not only help us maximize the opportunity for COVID-19 testing, but also ensure that we are well positioned, along with technologies and partners, for sustainable growth. beyond COVID-19. We therefore believe that Novacyt is well placed to continue to develop its business transformation. " This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. About the Novacyt Group The Novacyt Group is an international diagnostic company generating a growing portfolio of in vitro and molecular diagnostic tests. Its main strengths lie in the development, marketing, design and manufacture of diagnostic products. The main business units of the Company include the Primerdesign and Lab21 products, providing a wide range of high quality assays and reagents worldwide. The Group directly serves the microbiology, hematology and serology markets as well as its global partners, including large companies.
EURONEXT:ALNOVLong
by wallstreetstocks
hmmm BTC next move?Well.. looking a the other 2 purple circle, there's a reversal in play every time BTC have a massive green candle near the purple trend line that holds previous low. If BTC price can close with a green candle on the 5D chart, it would highly probable for BTC to move to the upside rather than the downside. If not, the price level on 50-52k ish would be the support for BTC to hold if we want to see a new high this year. This price level also in accordance with the bull market support band that have been proven to be very important for every bull cycle. If BTC can bounce from the bull market support line, an upside is confirm.. if it close below, we may see a lower level to be tested first!!! this would also shift BTC sentiment more bearish than before!!! #NFA #DYOR
BITSTAMP:BTCUSD
by ZombieGod11
1