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ORDI / TetherUS

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ORDIUSDT trade ideas

Auction for Bitcoin Ordinals Goes Live on Sotheby’s Auction house Sotheby’s has opened bidding for its Bitcoin Ordinals collection following the conclusion of its first auction of this same digital collectible last year in December. Bitcoin Ordinals Auction: Ongoing Curated Sale The collection auction dubbed “Natively Digital: An Ordinals Curated Sale,” contains 19 pieces of the Bitcoin Ordinals including some rare Satoshis, work from the pioneering artist Shroomtoshi, generative art, and an item connected to the Bitcoin Ordinals brand Taproot Wizards. The price of the collection ranges from $5000 to about $70,000. Two Shroomtoshi pieces were listed for $50,000-$70,000 and they are the most expensive. One of the Shroomtoshi has reached a $16,000 bid while the other is still on $8,000. FAR for Taproot is listed for $15,000-$20,000, Nullish $30,000-$40,000, and another Nullish Block 9 for $10,000-$15,000. The “lot” are expected to close independently one minute from each other, however, the auction will close on January 22. Per a statement from Sotheby’s, “This sale puts a spotlight on the incredible range of creative diversity found within the Bitcoin ecosystem, as Ordinals have seen explosive growth over the past year.” Sotheby’s first auction for Bitcoin Ordinals was completed on December 13 and it contained three pieces from BitcoinShroom’s collection. This was regarded as one of the first Ordinals projects ever created by Shroomtoshi. The auction of this collection led to an influx of funds. Upon completion, a total of $450,850 was realized from the sales. Compared to the collective value of the three pieces, the realized funds marked a five times increase. Bitcoin is Now Duly Competing With Ethereum With the advent of Bitcoin Ordinals ($ORDI), CRYPTOCAP:BTC is fast competing with Ethereum ( CRYPTOCAP:ETH ) as a digital collectible powerhouse. Moreso, the concept of Ordinals is fast gaining recognition and adoption in the global scene as duly proven by the Sotheby’s listing. After Gary Gensler, SEC Chair attempted to debunk a false post about Bitcoin ETF approval a few days ago, digital artist Billy moved to immortalize the official’s response to the false Bitcoin ETF approval post as Bitcoin Ordinals. At the same time, Bitcoin Ordinals have faced some opposition from the likes of Bitcoin ( CRYPTOCAP:BTC ) core developer Luka Dashjr who is pushing for its eradication.
Long
by DEXWireNews
1
ORDI/USDT is in a bullish trend.Based on the chart, there are several bullish patterns that could suggest the price of BINANCE:ORDIUSDT is poised for further upside movement. Here are a few indicators: Ascending Triangle: The price action is forming an ascending triangle, which is a continuation pattern that typically indicates a potential breakout to the upside. Rising Volume: The volume of trading has been increasing over the past few hours, which often accompanies bullish breakouts. Price Breaking Above Support: The price has recently broken above a key support level at 48.905 USDT. This level was previously acting as a constraint on the uptrend, and its breakout suggests that the upward movement may have gained momentum. If the price can sustain its gains above this level, it could further bolster the bullish sentiment. In the event of an upside breakout, the target price ranges are on the chart. Good Luck
Long
by petitebud
Short OrdiOrdi is showing a strong bearish divergence, failing to break its recent highs. Each attempt to retest these highs is met with strong selling pressure. My SL is set just above these highs and my first TP target is at the 0.618 Fibonacci retracement level. My final TP is aiming for a longer-term trade where I anticipate Ordi to eventually retest its previous resistance level, which could then become a support level in the future. Meanwhile, my strategy is to short Ordi, taking advantage of the bearish momentum and letting the late buyers fill my shorts. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
Short
by WaltrAlexander
4
Mock Up Price Action for ORDI | Near-Mid Term (4HR)Mock Up Price Action for OKX:ORDIUSDT | Near-Mid Term (4HR) - Watching and waiting for pump and dump price manipulation short entry - Taking inspiration from BINANCE:GASUSDT and BINANCE:TRBUSDT Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
ORDI/USDTWelcome to the exchange rate analysis of the Ordi/USDT pair! In terms of price action, the identification of the Fibonacci 0.618 level has become an important factor for me, as this zone could act as a strong support for the exchange rate. In the chart I examined, it is clearly visible that the price has stopped and then reversed several times during the uptrend around the Fibonacci level of 0.618, which may suggest that it could be an important level for investors to consider in the trend. The use of SMAs (Simple Moving Averages) on the chart (SMA 10, 30, 50, 100, 200) provides me with additional information on the price action. The values of the SMAs show that the averages are pointing upwards, which confirms the upward trend of the exchange rate. The overlap between the 50 and 200 SMAs can also be important as a long-term indicator of the direction of the exchange rate. Applying the Elliot wave structure to the price movement, the 5 wave structure can be clearly identified on the chart. However, this requires further investigation in order to more accurately identify the individual waves and their relationship to the current situation we are examining. Overall, although a bearish divergence is observed in the RSI, which may indicate that momentum is weakening, the exchange rate is currently near resistance at the top of the channel. In light of this, I expect the price to retest the Fibonacci level of 0.618, however, the continuation of the rising moving averages and the 5 wave structure could also give the price the opportunity for a continued rise. Please note that this is just a general analysis based on the data and indicators I have examined. I recommend further in-depth research and risk management before making any meaningful investment decisions.
Short
by lonelyPython27737
Unlocking ORDI's Potential: A Surge Towards New Peaks?Bias: Bullish Description: ORDI's price action has been consolidating within a horizontal range, forming a solid base above the SMA line. The RSI is trending positively, suggesting a buildup of buying pressure. Direction: Upward Entry: A strategic entry point could be considered if the price sustains above the upper range of the consolidation zone, indicating a potential breakout. Stop Loss: A prudent stop loss can be positioned below the most recent support level within the consolidation range to protect against false breakouts. Targets: Profit targets might be set at previous resistance levels or at round number psychological levels as the price ascends. Caution: Investors should monitor for any sudden shifts in market sentiment or volume spikes that could signal a change in trend direction. Additionally, keeping an eye on the broader market trends can be crucial for contextualizing ORDI's price movements.
Long
by SpyMk