November 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Circle's official website, over the last seven days, the amount of USDC in circulation, as of November 16th, has increased by about $2 billion, or about 4%. Bitcoin is down 1.74% over the last 24 hours and fell to an intraday low of $16,529.69. The largest cryptocurrency continues to trade in the $16,000 - $17,000 price zone as investors remain cautious to assess the negative impact of the FTX crisis on the cryptocurrency industry. If another large cryptocurrency company becomes insolvent, the BTC/USDT pair could retest the November 9th low of $15,588.
Today’s Cryptocurrency Headline
Sui Testnet Wave 1 Goes Live
According to the official announcement, Sui, the Layer 1 public chain developed by Mysten Labs, announced the launch of Testnet Wave 1, which focuses on operators, especially validators and full-node operators. The Testnet Wave 1 network will run for approximately two to three weeks and will be closed when the goal is achieved. This is the first instance of a Sui Network working with non-Mysten Labs operators, and an important step towards a decentralized Sui Mainnet.
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Testnet
the testnet of Polkadot is over!crab harmonic pattern:
X1=$37
AB=0.38 XA
BC=0.88 AB
1.6 BC=$7.86
2 BC=$12.18
2.24 BC=$16
0.78 XA=$17
0.88 XA=$24.58
2.6 BC=$24.72
1.13 XA=$60
3.6 BC=$77.72
1.27 XA=$101
4.23 BC=$157.78
1.41 XA=$167.8
1.6 XA=$360
X2=$13.4
3-4=0.38 X2-3
4-5=0.88 3-4
1.6 4-5=$66
2 4-5=$40.9
2.24 4-5=$30.16
2.6 4-5=$18.66
3.6 4-5=$5.24
MOONS: Let’s do thisI’ll probably be the only one on TW to do an analysis on Reddit Moons.
Moons are the native cryptocurrency of r/cc, you can gain those by being active on the subreddit.
The price here is currently in accumulation phase, sitting on support. I’m expecting an impulse relatively soon around the 0.4/0.5 level. In the meantime, if and when we break the yellow trend line it’ll teleport to 0.25 where the first line of resistance is.
1st Support: 0.14
2nd Support: 0.10 (psychological)
1st Resistance: 0.25
2nd Resistance: All time high
#xem $xem buy call breakout and closed 728if daily close is above 728, it comes 2x
#xem testnet
#xem mainnet
$xem
#XEM $XEM buy call Target 2X Mainnet SoonBuy and hodl or stake
Soon move
Release
Testnet and Mainnet launch soon
20% Bullish Move on ATOM A Possibility...I've seen this exact formation play out on a TONNE of alts this year and this is a real bread and butter trade set up for me.
We've got a W pattern inside of a larger W pattern and some nice upside potential as indicated by our VPVR, Ichimoku and EMA fan.
The first hurdel for ATOM will come ar this 3100 level and the 50ma, where we could see a break and retest, before another up to the 50/61 fib around 3400+ sats and the 100ma.
Don't want to get too excited about this, but 4000+ sats very much on the cards with the ATOM Stargate first testnet on July 27.
PLEASE LIKE AND COMMENT IF YOU'D LIKE TO SEE MORE ALT CHARTS!!
Have a great day friends :)
- Tex
FX/BTC 3D (KuCoin) Falling wedge break-out & testnet launchTA: Function X is moving again, still in accumulation channel but after breaking out that wedge I believe not for much longer.
FA: Public testnet launch is planned for this month (FX Connect app) so better fill your bag before Q3 2020.
Current Price= 0.00000683
Buy Entry= 0.00000700 - 0.00000600
Take Profit= 0.00001156 | 0.00001551 | 0.00001833
Stop Loss= 0.00000397
Risk/Reward= 1:2 | 1:3.56 | 1:4.68
Expected Profit= 77.85% | 138.62% | 182.00%
Possible Loss= -38.92%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 1920h
Bullish volume in DASHGod knows what are the reasons, probably many factors together (testnet, burger king, dash moll and etc), but DASH is growing with huge volume support. On that bullish impulse might get to 6930-6950. But already overbought, so that is definitely not the best place to enter long. Rather look for possibility to short it and close that short around 6300 and 6000
Ethereum's Constantinople Testnet FailedThe attention of the Ethereum community has been massively focused on the upcoming update called “Constantinople”. This is a huge step for the Ethereum blockchain, as the Constantinople was meant to bring a variety of upgrades, which were expected and needed. On 13 October 2018, Constantinople was put on the testnet, but failed to work.
While it is unclear if it was the lack of miners on the ETH network for the Constantinople to fail, but certainly it is of great interest to miners. Why? Because this upgrade would lower the reward for the miners, and instead of getting 3 ETH, they will get only 2 ETH as a block reward. However, at the same time, Constantinople should reduce the inflation rate, which makes it more attractive for investors.
While the update failed, investors didn’t seem to have any reaction as price remained within a very narrow range; between btc 0.031 support and 0.032 resistance. Both of these are the Fibonacci retracement level, and its clear how the 38.2% level is currently acting as the resistance. Although, looking at he 61.8% Fibs support, it was broken on the 11 October, and later, on the 15 October it was rejected.
There is an impression that market is going through the uncertainty, as ETH/BTC price struggling to establish a clear direction during the past 3 days. Yes, it spiked up on the 15 October, reaching the btc 0.0344 high. However, the 88.6% Fibs support, 200 Moving Average and the long-term downtrend were rejected, and the 4h closing price below the btc 0.032 resistance.
As the downside risk is very high, price might decline further, reaching either btc 0.0292, 0.0281, 0.0271 support. Nevertheless, for this to happen, 4h close must be below the btc 0.03 psychological support. On the upside, close above the btc 0.032 might be considered as a buy signal for short-term investors, and ETH/BTC should re-test the btc 0.034 resistance.
Support:
1. 0.0310
2. 0.0300
3. 0.0292
4. 0.0281
5. 0.0271
Resistance:
1. 0.0320
2. 0.0344
3. 0.0376
Litecoin with a beautiful breakout setupWhereas I'm not necessarily that bullish on LTC long term (just a BTC testnet). But this is a nice breakout setup.
We have nice support from previous lows and highs, the 88% retracement and the support of the pennant in the 55 USD area.
Therefor we would have to make one more leg down, which is also necessary to finish the E-wave.
Entry: 50USD - 55USD
Stop: 45USD
Target: 85USD
If we make that upward move it depends on the price action and volume to set higher targets. But for now I just expect a ABC-Correction wave in a continued downtrend.
ENGBTC Zones| Enigma soon to rise with upcoming Testnet!The trend lines show the support and resistances. Enigma buy zones are shown in blue boxes .
There is a big event coming at the end of June, the price may rise in close future.
Crypformation: ENG - Upcoming Events
30 June 2018
Testnet released by end of Q2 2018.
Validation: 89/92
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Disclaimer: This is not a financial advice, always make your own research and evaluate what we share here.
CryptoCholics out, Peace out
TRON TRX ON MAJOR BULL RUN - TEST NET - COIN BURN - MAIN NET - LTron TRX is on a major Bull Run potential. I would recommend for everyone to forget about there short term targets and just stay in for long term. If you've been in the game for a long time, then do profit sells and refills along the way as you see MACD crossovers on 4H charts which is one of the best ways to track short term price corrections and retractions. With that said I guess you already figured that we personally will be staying in TRON TRX for a long time because potential for it is huge and with successful Test Net launch, current price valuation will be massively undervalued. Let me highlight 'successful' Test Net launch. That means that if something does go wrong with that release we may see price retraction in short term.
MACD still indicates ways to go, RSI indicates short term re-tracement at least to our RSI support area indicated on chart.
Members will receive more updated on this trade and when to buy or sell.
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