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@LexzyBTC
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||FUN FACTS ABOUT CRYPTO||
Here are some amazing facts about cryptocurrency:
- Over 7,000 cryptocurrencies: There are more than 7,000 cryptocurrencies in the market, with new ones emerging as cryptocurrency gains popularity.
- First commercial Bitcoin transaction was for pizza: In 2010, someone in Florida paid 10,000 Bitcoin (Currently worth over $600,000,000) for two pizzas. May 22(TODAY) is now celebrated as the world Bitcoin Pizza Day among Bitcoin enthusiasts.
- Creator of Bitcoin is still unknown: The creator of Bitcoin, the most popular cryptocurrency, is still unknown. The pseudonymous Satoshi Nakamoto has refused to reveal their name or claim ownership of the code.
- Doge Coin started as a parody*: Doge Coin was created in 2013 by IBM and Adobe software developers Billy Markus and Jackson Palmer to mock the rising excitement around cryptocurrencies.
- Cryptocurrency is great for gambling: Cryptocurrencies can be used not only for trade but also for gambling in online casinos. They offer superior security and transaction speeds.
- Bitcoin value has grown: During the last nine years, Bitcoin has grown by over 500,000%.
- El Salvador is the only country to fully adopt cryptocurrency as a legal tender: El Salvador is the first and only country to fully adopt cryptocurrency as a legal tender.
- Total cryptocurrency value dropped: The total cryptocurrency value dropped from nearly $3.2 trillion in 2021 down to $1.14 trillion in 2022.
- 15,000 companies worldwide accept Bitcoin: Over 15,000 companies worldwide accept Bitcoin as a payment method.
- Over 80 million Blockchain cryptocurrency wallet users: As of 2022, over 80 million Blockchain cryptocurrency wallet users have been reported.
- China forbids crypto mining: Since China forbids crypto mining, they now have almost zero hash rate (computing power).
- US takes over 35.4% of the global hash rate: On the other hand, the US takes over 35.4% of the global hash rate as of August 2021.
- 300 million crypto users worldwide: There are over 300 million crypto users worldwide.
- 79% of crypto owners are male: Gender-related statistics show that 79% of crypto owners are male.
- Average American crypto investor is 38 years old: An average American crypto investor is 38 years old, which is a lot younger than an average stock investor, who is 47 years old.
- Elon Musk is an influential figure in the crypto world: The inventor and CEO of Tesla and SpaceX is regarded as one of the most prominent personalities in the crypto world.
- Mr. Goxx the Trading Hamster: Mr. Goxx was a hamster who became an unlikely cryptocurrency trader. He was able to outperform many professional investors and gained a significant following online.
- China's Cryptocurrency Crackdown: China has been cracking down on cryptocurrencies, with a complete ban on all cryptocurrency transactions in the country.
#pizzaday #ETHETFS #CryptoFunFacts #altcoins #btc70k $BTC $ETH $PEOPLE
- Over 7,000 cryptocurrencies: There are more than 7,000 cryptocurrencies in the market, with new ones emerging as cryptocurrency gains popularity.
- First commercial Bitcoin transaction was for pizza: In 2010, someone in Florida paid 10,000 Bitcoin (Currently worth over $600,000,000) for two pizzas. May 22(TODAY) is now celebrated as the world Bitcoin Pizza Day among Bitcoin enthusiasts.
- Creator of Bitcoin is still unknown: The creator of Bitcoin, the most popular cryptocurrency, is still unknown. The pseudonymous Satoshi Nakamoto has refused to reveal their name or claim ownership of the code.
- Doge Coin started as a parody*: Doge Coin was created in 2013 by IBM and Adobe software developers Billy Markus and Jackson Palmer to mock the rising excitement around cryptocurrencies.
- Cryptocurrency is great for gambling: Cryptocurrencies can be used not only for trade but also for gambling in online casinos. They offer superior security and transaction speeds.
- Bitcoin value has grown: During the last nine years, Bitcoin has grown by over 500,000%.
- El Salvador is the only country to fully adopt cryptocurrency as a legal tender: El Salvador is the first and only country to fully adopt cryptocurrency as a legal tender.
- Total cryptocurrency value dropped: The total cryptocurrency value dropped from nearly $3.2 trillion in 2021 down to $1.14 trillion in 2022.
- 15,000 companies worldwide accept Bitcoin: Over 15,000 companies worldwide accept Bitcoin as a payment method.
- Over 80 million Blockchain cryptocurrency wallet users: As of 2022, over 80 million Blockchain cryptocurrency wallet users have been reported.
- China forbids crypto mining: Since China forbids crypto mining, they now have almost zero hash rate (computing power).
- US takes over 35.4% of the global hash rate: On the other hand, the US takes over 35.4% of the global hash rate as of August 2021.
- 300 million crypto users worldwide: There are over 300 million crypto users worldwide.
- 79% of crypto owners are male: Gender-related statistics show that 79% of crypto owners are male.
- Average American crypto investor is 38 years old: An average American crypto investor is 38 years old, which is a lot younger than an average stock investor, who is 47 years old.
- Elon Musk is an influential figure in the crypto world: The inventor and CEO of Tesla and SpaceX is regarded as one of the most prominent personalities in the crypto world.
- Mr. Goxx the Trading Hamster: Mr. Goxx was a hamster who became an unlikely cryptocurrency trader. He was able to outperform many professional investors and gained a significant following online.
- China's Cryptocurrency Crackdown: China has been cracking down on cryptocurrencies, with a complete ban on all cryptocurrency transactions in the country.
#pizzaday #ETHETFS #CryptoFunFacts #altcoins #btc70k $BTC $ETH $PEOPLE
Benqi ($QI ) is a cryptocurrency that uses a proof-of-stake (PoS) consensus algorithm. Here's a brief technical analysis:
Technical Indicators:
-Relative Strength Index (RSI): 40-50 (oversold)
-Moving Averages: 50-day MA: $0.065, 200-day MA: $0.075
-Bollinger Bands: Width: 15%, Upper Band: $0.085, Lower Band: $0.055
Chart Analysis:
-Trend: Downward
- Support: $0.055
- Resistance: $0.075
- Breakout: Above $0.085 or below $0.050
Technical Analysis Summary:
Benqi is currently in a downward trend, with oversold conditions indicated by the RSI. The moving averages are bearishly aligned, and the Bollinger Bands are relatively wide, indicating high volatility. A breakout above $0.085 could indicate a trend reversal, while a breakdown below $0.050 could lead to further decline.
Some additional notes:
-Benqi has been experiencing a significant decline since its all-time high in November 2021.
-The cryptocurrency market is highly volatile, and prices can change rapidly.
-Always stay up-to-date with market news and trends, and consult with a financial advisor if needed.
If analyzing the 25-day moving average for Benqi (QI). Here are some key points to consider:
-Trend: The 25-day moving average for Benqi (QI) is sloping down, indicating a bearish trend.
-Resistance: The 25-day moving average is currently above the Benqi price, which could act as a resistance in the future.
-Support: The 50-day moving average on the weekly time frame is sloping up and below the current Benqi price, which could act as a support.
-RSI: The Relative Strength Index (RSI) is within the 30-70 neutral zone, indicating a neutral trend.
-MACD: There is no bullish or bearish divergence on the histogram, indicating no clear signal.
Please keep in mind that technical analysis is not a guarantee of future price movements and it's essential to do your own research and consider multiple factors before making investment decisions.
$BTC $ETH #technicalanalyst #Always_dyor
Technical Indicators:
-Relative Strength Index (RSI): 40-50 (oversold)
-Moving Averages: 50-day MA: $0.065, 200-day MA: $0.075
-Bollinger Bands: Width: 15%, Upper Band: $0.085, Lower Band: $0.055
Chart Analysis:
-Trend: Downward
- Support: $0.055
- Resistance: $0.075
- Breakout: Above $0.085 or below $0.050
Technical Analysis Summary:
Benqi is currently in a downward trend, with oversold conditions indicated by the RSI. The moving averages are bearishly aligned, and the Bollinger Bands are relatively wide, indicating high volatility. A breakout above $0.085 could indicate a trend reversal, while a breakdown below $0.050 could lead to further decline.
Some additional notes:
-Benqi has been experiencing a significant decline since its all-time high in November 2021.
-The cryptocurrency market is highly volatile, and prices can change rapidly.
-Always stay up-to-date with market news and trends, and consult with a financial advisor if needed.
If analyzing the 25-day moving average for Benqi (QI). Here are some key points to consider:
-Trend: The 25-day moving average for Benqi (QI) is sloping down, indicating a bearish trend.
-Resistance: The 25-day moving average is currently above the Benqi price, which could act as a resistance in the future.
-Support: The 50-day moving average on the weekly time frame is sloping up and below the current Benqi price, which could act as a support.
-RSI: The Relative Strength Index (RSI) is within the 30-70 neutral zone, indicating a neutral trend.
-MACD: There is no bullish or bearish divergence on the histogram, indicating no clear signal.
Please keep in mind that technical analysis is not a guarantee of future price movements and it's essential to do your own research and consider multiple factors before making investment decisions.
$BTC $ETH #technicalanalyst #Always_dyor
BITCOIN vs BITCOIN ETF
UNDERSTANDING BITCOIN ETFs
Bitcoin:
- Definition: Bitcoin is considered a commodity and the underlying asset in bitcoin futures contracts. It is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments.
- Spot Market: Bitcoins that sell for cash are said to trade on the “spot” market. The bitcoin spot market is not regulated by the CFTC or the SEC.
- Volatility: Bitcoin can be highly volatile, and leverage created by futures contracts can significantly amplify both gains and losses.
Bitcoin ETF:
- Definition: A bitcoin futures exchange-traded fund (ETF) issues publicly traded securities that offer exposure to the price movements of bitcoin futures contracts.
- How it works: An investment company creates a subsidiary that acts as a commodity pool. The pool in turn trades bitcoin futures contracts typically in an effort to mimic the spot price of bitcoin.
- Advantages: Convenience, diversification, tax efficiency.
- Disadvantages: Management fees, ETF inaccuracy, limits to cryptocurrency trading, lack of Bitcoin ownership.
- Examples: ProShares Bitcoin Strategy ETF (ticker: BITO), VanEck Bitcoin Strategy ETF.
- Regulation: Regulated by the SEC, but risks and returns of a bitcoin futures ETF will differ from the risks and returns of buying bitcoin on the spot market, or when trading bitcoin futures.
NOTE: This post is mainly for educational purposes only and in no way a form of financial advice. Every information you come across in the crypto space shouldn't influence your decision making without proper research.
#ETFvsBTC #Always_dyor #BTC🔥🔥🔥🔥🔥
UNDERSTANDING BITCOIN ETFs
Bitcoin:
- Definition: Bitcoin is considered a commodity and the underlying asset in bitcoin futures contracts. It is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments.
- Spot Market: Bitcoins that sell for cash are said to trade on the “spot” market. The bitcoin spot market is not regulated by the CFTC or the SEC.
- Volatility: Bitcoin can be highly volatile, and leverage created by futures contracts can significantly amplify both gains and losses.
Bitcoin ETF:
- Definition: A bitcoin futures exchange-traded fund (ETF) issues publicly traded securities that offer exposure to the price movements of bitcoin futures contracts.
- How it works: An investment company creates a subsidiary that acts as a commodity pool. The pool in turn trades bitcoin futures contracts typically in an effort to mimic the spot price of bitcoin.
- Advantages: Convenience, diversification, tax efficiency.
- Disadvantages: Management fees, ETF inaccuracy, limits to cryptocurrency trading, lack of Bitcoin ownership.
- Examples: ProShares Bitcoin Strategy ETF (ticker: BITO), VanEck Bitcoin Strategy ETF.
- Regulation: Regulated by the SEC, but risks and returns of a bitcoin futures ETF will differ from the risks and returns of buying bitcoin on the spot market, or when trading bitcoin futures.
NOTE: This post is mainly for educational purposes only and in no way a form of financial advice. Every information you come across in the crypto space shouldn't influence your decision making without proper research.
#ETFvsBTC #Always_dyor #BTC🔥🔥🔥🔥🔥
HAVE THE ALTCOIN SEASON BEGIN?!!🤔🤷🏼♂️
The question on everyone's mind!
While it's difficult to declare with certainty, there are signs that Altcoin Season might be starting. Here are some indicators:
1. Bitcoin dominance: Bitcoin's dominance has been declining, and it recently dropped below 50% for the first time in a while. This can be a sign that altcoins are gaining traction.
2. Altcoin price movements: Many altcoins have been experiencing significant price increases, outperforming Bitcoin in recent weeks. This includes coins like Ethereum, Solana, and Cardano, $TRB , $QI , $ASR among others.
3. Trading volume: Altcoin trading volume has been increasing, indicating growing interest and activity in the altcoin market.
4. Market sentiment: The overall sentiment in the crypto community seems to be shifting, with many investors and traders becoming more optimistic about altcoins.
However, it's essential to remember that the crypto market is highly volatile, and trends can change rapidly. While these signs might indicate the start of Altcoin Season, it's crucial to do your own research, set clear goals, and never invest more than you can afford to lose.
Keep in mind that Altcoin Season is a market phenomenon where altcoins tend to outperform Bitcoin, but it's not a guarantee, and the crypto market can be unpredictable.
#ETFvsBTC #altcoins #buythedip
The question on everyone's mind!
While it's difficult to declare with certainty, there are signs that Altcoin Season might be starting. Here are some indicators:
1. Bitcoin dominance: Bitcoin's dominance has been declining, and it recently dropped below 50% for the first time in a while. This can be a sign that altcoins are gaining traction.
2. Altcoin price movements: Many altcoins have been experiencing significant price increases, outperforming Bitcoin in recent weeks. This includes coins like Ethereum, Solana, and Cardano, $TRB , $QI , $ASR among others.
3. Trading volume: Altcoin trading volume has been increasing, indicating growing interest and activity in the altcoin market.
4. Market sentiment: The overall sentiment in the crypto community seems to be shifting, with many investors and traders becoming more optimistic about altcoins.
However, it's essential to remember that the crypto market is highly volatile, and trends can change rapidly. While these signs might indicate the start of Altcoin Season, it's crucial to do your own research, set clear goals, and never invest more than you can afford to lose.
Keep in mind that Altcoin Season is a market phenomenon where altcoins tend to outperform Bitcoin, but it's not a guarantee, and the crypto market can be unpredictable.
#ETFvsBTC #altcoins #buythedip
REASONS FOR $BTC RECENT PRICE DECLINE
-Geopolitical tensions: Bitcoin's price fell after Israel was attacked by Iran, causing investors to shift away from riskier markets like cryptocurrencies and seek safe havens such as gold and the U.S. dollar.
-Closure of long positions: The closure of long positions in the Bitcoin futures market contributed to the price drop, with outflows totaling $55.1 million and $36.7 million on April 14 and 15, respectively.
-Withdrawals from Bitcoin ETFs: Global Bitcoin investment products saw outflows, indicating investor hesitancy and contributing to the downward pressure on Bitcoin's price.
-Market adjustments: The price drop can be attributed to a mix of market adjustments, including the unwinding of Bitcoin positions, which triggered a broader sell-off in the crypto market.
-Regulatory uncertainty: Rumors about the U.S. Treasury Department's plan to implement a mechanism to monitor the crypto market have contributed to the price drop.
-Federal Reserve's interest rate decision: The Federal Reserve's decision to raise interest rates has led to a decrease in Bitcoin price, as investors seek safer assets with higher yields.
-Post-Russia-Ukraine war effects: The ongoing conflict has caused investors to seek safe-haven assets, leading to a decrease in Bitcoin price.
-Instability in the U.S. banking system: The recent instability in the U.S. banking system has led to a decrease in investor confidence, causing Bitcoin's price to drop.
-Fear of inflation worldwide: The fear of inflation has led investors to seek safer assets, causing Bitcoin price to decrease.
-High interest rates in the U.S. and the UK: The high interest rates in the U.S. and the UK have led investors to seek safer assets with higher yields, causing Bitcoin price to drop.
-Collapse of the largest crypto exchange FTX: The collapse of FTX has led to a decrease in investor confidence, causing Bitcoin's price to drop.
-Bitcoin holders are accumulating less: Bitcoin accumulation has failed to keep up with the BTC issuance, leading to a decrease in price.
#fundamentals
-Geopolitical tensions: Bitcoin's price fell after Israel was attacked by Iran, causing investors to shift away from riskier markets like cryptocurrencies and seek safe havens such as gold and the U.S. dollar.
-Closure of long positions: The closure of long positions in the Bitcoin futures market contributed to the price drop, with outflows totaling $55.1 million and $36.7 million on April 14 and 15, respectively.
-Withdrawals from Bitcoin ETFs: Global Bitcoin investment products saw outflows, indicating investor hesitancy and contributing to the downward pressure on Bitcoin's price.
-Market adjustments: The price drop can be attributed to a mix of market adjustments, including the unwinding of Bitcoin positions, which triggered a broader sell-off in the crypto market.
-Regulatory uncertainty: Rumors about the U.S. Treasury Department's plan to implement a mechanism to monitor the crypto market have contributed to the price drop.
-Federal Reserve's interest rate decision: The Federal Reserve's decision to raise interest rates has led to a decrease in Bitcoin price, as investors seek safer assets with higher yields.
-Post-Russia-Ukraine war effects: The ongoing conflict has caused investors to seek safe-haven assets, leading to a decrease in Bitcoin price.
-Instability in the U.S. banking system: The recent instability in the U.S. banking system has led to a decrease in investor confidence, causing Bitcoin's price to drop.
-Fear of inflation worldwide: The fear of inflation has led investors to seek safer assets, causing Bitcoin price to decrease.
-High interest rates in the U.S. and the UK: The high interest rates in the U.S. and the UK have led investors to seek safer assets with higher yields, causing Bitcoin price to drop.
-Collapse of the largest crypto exchange FTX: The collapse of FTX has led to a decrease in investor confidence, causing Bitcoin's price to drop.
-Bitcoin holders are accumulating less: Bitcoin accumulation has failed to keep up with the BTC issuance, leading to a decrease in price.
#fundamentals
$UMA ANALYSIS TA BREAKDOWN ACCORDING TO PREVIOUS POST
The technical analysis on my previous post indicates a strong bullish trend for UMA crypto, with multiple buy signals and indicators suggesting a continued price increase. Here's a breakdown:
- Short-term: Overbought indicators (RSI, CCI, Williams %R) suggest a potential price correction or consolidation, but the overall trend remains bullish.
- Medium-term: Bullish price crossover with adaptive moving average 50, MACD crossover up its moving average, and overbought indicators suggest a continued price increase.
- Long-term: UMA is in a strong uptrend, with higher highs and higher lows, and bullish indicators (RSI, CCI, Williams %R, MACD) suggest a continued bullish trend.
Overall, this analysis suggests that UMA crypto is likely to continue its upward momentum, but may experience short-term price corrections or consolidations. However, please note that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies. Stay tuned for updates🔔
$BTC $BEL #technicalanalyst
The technical analysis on my previous post indicates a strong bullish trend for UMA crypto, with multiple buy signals and indicators suggesting a continued price increase. Here's a breakdown:
- Short-term: Overbought indicators (RSI, CCI, Williams %R) suggest a potential price correction or consolidation, but the overall trend remains bullish.
- Medium-term: Bullish price crossover with adaptive moving average 50, MACD crossover up its moving average, and overbought indicators suggest a continued price increase.
- Long-term: UMA is in a strong uptrend, with higher highs and higher lows, and bullish indicators (RSI, CCI, Williams %R, MACD) suggest a continued bullish trend.
Overall, this analysis suggests that UMA crypto is likely to continue its upward momentum, but may experience short-term price corrections or consolidations. However, please note that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies. Stay tuned for updates🔔
$BTC $BEL #technicalanalyst
FREE $UMA ANALYSIS
Short-term (15 minutes - 4 hours)
- RSI (14) is overbought (above 70)
- CCI (14) is overbought (above 100)
- Williams %R (14) is overbought (above -20)
- Doji candles indicate potential trend reversal or consolidation
- Pivot points show price is above resistance levels
Medium-term (Daily - Weekly)
- Bullish price crossover with adaptive moving average 50
- RSI (14) is overbought (above 70)
- CCI (14) is overbought (above 100)
- Williams %R (14) is overbought (above -20)
- MACD crossover up its moving average
- New HIGH record (1 month)
Long-term (Monthly)
- UMA is in a strong uptrend, with higher highs and higher lows
- RSI (14) is bullish (above 50)
- CCI (14) is bullish (above 0)
- Williams %R (14) is bullish (above -50)
- MACD is bullish, with a crossover up its moving average
Overall, the technical analysis suggests a strong bullish trend for UMA crypto, with multiple buy signals and indicators suggesting a continued price increase. However, the overbought RSI and CCI indicators suggest a potential price correction or consolidation in the short term.
Please keep in mind that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies. For analysis explanation and breakdown, please refer to my next post.
$BTC #altcoins #technicalanalyst
Short-term (15 minutes - 4 hours)
- RSI (14) is overbought (above 70)
- CCI (14) is overbought (above 100)
- Williams %R (14) is overbought (above -20)
- Doji candles indicate potential trend reversal or consolidation
- Pivot points show price is above resistance levels
Medium-term (Daily - Weekly)
- Bullish price crossover with adaptive moving average 50
- RSI (14) is overbought (above 70)
- CCI (14) is overbought (above 100)
- Williams %R (14) is overbought (above -20)
- MACD crossover up its moving average
- New HIGH record (1 month)
Long-term (Monthly)
- UMA is in a strong uptrend, with higher highs and higher lows
- RSI (14) is bullish (above 50)
- CCI (14) is bullish (above 0)
- Williams %R (14) is bullish (above -50)
- MACD is bullish, with a crossover up its moving average
Overall, the technical analysis suggests a strong bullish trend for UMA crypto, with multiple buy signals and indicators suggesting a continued price increase. However, the overbought RSI and CCI indicators suggest a potential price correction or consolidation in the short term.
Please keep in mind that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies. For analysis explanation and breakdown, please refer to my next post.
$BTC #altcoins #technicalanalyst
$FRONT ANALYSIS BREAKDOWN ACCORDING TO TA IN PREVIOUS POST:
- Overbought RSI and CCI indicators suggest a potential price correction or consolidation, but the overall trend remains bullish.
- Pivot points show the price is above resistance levels, indicating a strong upward momentum.
- Doji candles suggest a potential trend reversal or consolidation, but the context of other indicators suggests a continued bullish trend.
- Bullish price crossovers with adaptive moving averages and MACD crossover up its moving average indicate a strong buy signal.
- New HIGH record (1 month) suggests a significant price increase.
- Williams %R indicator is overbought, but still in a bullish zone.
Please note that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies. I keep dropping daily free analysis. I hope you find this useful.
$BTC $TRB #technicalanalyst
- Overbought RSI and CCI indicators suggest a potential price correction or consolidation, but the overall trend remains bullish.
- Pivot points show the price is above resistance levels, indicating a strong upward momentum.
- Doji candles suggest a potential trend reversal or consolidation, but the context of other indicators suggests a continued bullish trend.
- Bullish price crossovers with adaptive moving averages and MACD crossover up its moving average indicate a strong buy signal.
- New HIGH record (1 month) suggests a significant price increase.
- Williams %R indicator is overbought, but still in a bullish zone.
Please note that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies. I keep dropping daily free analysis. I hope you find this useful.
$BTC $TRB #technicalanalyst
FREE $FRONT ANALYSIS
15 minutes:
- Pivot points: price is over resistance 3
- RSI indicator is overbought: over 80
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- RSI indicator: bearish divergence
- Doji
30 minutes:
- Pivot points: price is over resistance 3
- RSI indicator is overbought: over 80
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- Doji
1 hour:
- Pivot points: price is over resistance 3
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- Doji
2 hours:
- Pivot points: price is over resistance 3
- RSI indicator is overbought: over 70
- CCI indicator is overbought: over 100
- Previous candle closed over Bollinger bands
- Williams %R indicator is overbought: over -20
- Doji
4 hours:
- Pivot points: price is over resistance 3
- CCI indicator is overbought: over 100
- Previous candle closed over Bollinger bands
- Williams %R indicator is overbought: over -20
- Doji
- Long white line
Daily:
- Pivot points: price is over resistance 3
- Bullish price crossover with adaptative moving average 50
- RSI indicator is overbought: over 70
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- Long white line
Weekly:
- Pivot points: price is over resistance 2
- Bullish price crossover with adaptative moving average 20
- MACD crosses UP its Moving Average
- CCI indicator is overbought: over 100
- Williams %R indicator is back over -50
- New HIGH record (1 month)
This technical analysis indicates a strong bullish trend for FRONT crypto, with multiple buy signals and indicators suggesting a continued price increase. Check analysis breakdown, interpretation and conclusion my next post.
$BTC $TRB #technicalanalyst
15 minutes:
- Pivot points: price is over resistance 3
- RSI indicator is overbought: over 80
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- RSI indicator: bearish divergence
- Doji
30 minutes:
- Pivot points: price is over resistance 3
- RSI indicator is overbought: over 80
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- Doji
1 hour:
- Pivot points: price is over resistance 3
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- Doji
2 hours:
- Pivot points: price is over resistance 3
- RSI indicator is overbought: over 70
- CCI indicator is overbought: over 100
- Previous candle closed over Bollinger bands
- Williams %R indicator is overbought: over -20
- Doji
4 hours:
- Pivot points: price is over resistance 3
- CCI indicator is overbought: over 100
- Previous candle closed over Bollinger bands
- Williams %R indicator is overbought: over -20
- Doji
- Long white line
Daily:
- Pivot points: price is over resistance 3
- Bullish price crossover with adaptative moving average 50
- RSI indicator is overbought: over 70
- CCI indicator is overbought: over 100
- Williams %R indicator is overbought: over -20
- Long white line
Weekly:
- Pivot points: price is over resistance 2
- Bullish price crossover with adaptative moving average 20
- MACD crosses UP its Moving Average
- CCI indicator is overbought: over 100
- Williams %R indicator is back over -50
- New HIGH record (1 month)
This technical analysis indicates a strong bullish trend for FRONT crypto, with multiple buy signals and indicators suggesting a continued price increase. Check analysis breakdown, interpretation and conclusion my next post.
$BTC $TRB #technicalanalyst
FREE $TRB ANALYSIS:
- Moving Averages: Strong Buy, Buy (12), Sell (0)
- Technical Indicators: Strong Buy, Buy (8), Sell (1)
- RSI(14): Overbought (76.41), Buy (74.583)
- STOCH(9,6): Sell (43.677, 43.473)
- STOCHRSI(14): Buy (59.381, 63.369)
- MACD(12,26): Buy (0, 7.06)
- ADX(14): Buy (62.118, 49.185)
- Williams %R: Buy (-24.224, -24.979)
- CCI(14): Overbought (271.62, 278.3636)
- ATR(14): Less Volatility (0.0001), High Volatility (5.2286)
- Highs/Lows(14): Buy (0.0003, 16.2743)
- Ultimate Oscillator: Buy (62.816, 62.665)
- ROC: Buy (24.069, 22.684)
- Bull/Bear Power(13): Buy (0.0005, 36.396)
The technical analysis indicators I listed earlier suggest a strong bullish trend for TRB and here's the breakdown:
- Moving Averages and Technical Indicators show a "Strong Buy" signal, indicating a high probability of a continued price increase.
- RSI (Relative Strength Index) is in the overbought region, suggesting a potential price correction or consolidation.
- MACD (Moving Average Convergence Divergence) shows a bullish crossover, indicating a buy signal.
- Other indicators like STOCHRSI, Williams %R, and CCI also show buy signals or are in overbought regions, supporting the bullish trend.
Please note that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies.
$TRB $BTC #technicalanalyst
- Moving Averages: Strong Buy, Buy (12), Sell (0)
- Technical Indicators: Strong Buy, Buy (8), Sell (1)
- RSI(14): Overbought (76.41), Buy (74.583)
- STOCH(9,6): Sell (43.677, 43.473)
- STOCHRSI(14): Buy (59.381, 63.369)
- MACD(12,26): Buy (0, 7.06)
- ADX(14): Buy (62.118, 49.185)
- Williams %R: Buy (-24.224, -24.979)
- CCI(14): Overbought (271.62, 278.3636)
- ATR(14): Less Volatility (0.0001), High Volatility (5.2286)
- Highs/Lows(14): Buy (0.0003, 16.2743)
- Ultimate Oscillator: Buy (62.816, 62.665)
- ROC: Buy (24.069, 22.684)
- Bull/Bear Power(13): Buy (0.0005, 36.396)
The technical analysis indicators I listed earlier suggest a strong bullish trend for TRB and here's the breakdown:
- Moving Averages and Technical Indicators show a "Strong Buy" signal, indicating a high probability of a continued price increase.
- RSI (Relative Strength Index) is in the overbought region, suggesting a potential price correction or consolidation.
- MACD (Moving Average Convergence Divergence) shows a bullish crossover, indicating a buy signal.
- Other indicators like STOCHRSI, Williams %R, and CCI also show buy signals or are in overbought regions, supporting the bullish trend.
Please note that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies.
$TRB $BTC #technicalanalyst
🔔🔔LATEST CRYPTOCURRENCY NEWS🔔🔔
-Crypto could be an important election issue in the U.S:
According to a survey conducted by Digital Currency Group and The Harris Poll, more than two-thirds of respondents somewhat or strongly agreed that “crypto is for people like them, and more equitable than the financial system.
-Nigerian officials propose secret crypto settlement, claims Binance CEO:
New details have emerged suggesting Nigerian officials tried to coerce Binance representatives.
-XRP holders to see redacted versions of SEC reply in Ripple lawsuit on Wednesday:
Ripple ($XRP ) lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal.
-Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global:
Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.
-Former SEC official John Reed Stark has criticized claims that the agency is “regulating by enforcement”:
Stark made the criticism in a hearing before the U.S. Congress.
$BTC $ETH
-Crypto could be an important election issue in the U.S:
According to a survey conducted by Digital Currency Group and The Harris Poll, more than two-thirds of respondents somewhat or strongly agreed that “crypto is for people like them, and more equitable than the financial system.
-Nigerian officials propose secret crypto settlement, claims Binance CEO:
New details have emerged suggesting Nigerian officials tried to coerce Binance representatives.
-XRP holders to see redacted versions of SEC reply in Ripple lawsuit on Wednesday:
Ripple ($XRP ) lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal.
-Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global:
Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.
-Former SEC official John Reed Stark has criticized claims that the agency is “regulating by enforcement”:
Stark made the criticism in a hearing before the U.S. Congress.
$BTC $ETH
Here are some of the latest Bitcoin price predictions:
- Bitcoin is expected to reach $70,000 by the end of 2024 (CoinCodex)
- Bitcoin could reach $100,000 by 2025 (Bloomberg Intelligence)
- Bitcoin is predicted to trade between $60,000 and $70,000 in the coming months (CoinDesk)
- Bitcoin could reach $120,000 by 2026 (Fundstrat Global Advisors)
- Bitcoin is expected to reach $500,000 by 2030 (ARK Investment Management)
Please note that these predictions are based on various analyses and are subject to market fluctuations and changes. Cryptocurrency investments are always risky, and it's essential to do your own research and consider your own risk tolerance before investing.
#buythedip #CryptoWatchMay2024 #bitcoinhalving #BTC
- Bitcoin is expected to reach $70,000 by the end of 2024 (CoinCodex)
- Bitcoin could reach $100,000 by 2025 (Bloomberg Intelligence)
- Bitcoin is predicted to trade between $60,000 and $70,000 in the coming months (CoinDesk)
- Bitcoin could reach $120,000 by 2026 (Fundstrat Global Advisors)
- Bitcoin is expected to reach $500,000 by 2030 (ARK Investment Management)
Please note that these predictions are based on various analyses and are subject to market fluctuations and changes. Cryptocurrency investments are always risky, and it's essential to do your own research and consider your own risk tolerance before investing.
#buythedip #CryptoWatchMay2024 #bitcoinhalving #BTC
BITCOIN AND ALTCOINS SEASON PREDICTION
- Bitcoin is predicted to trade in a range between $60,000 and $70,000 in the coming months.
- The Grayscale’s Bitcoin Trust ETF has seen its first day of net inflows, following over $17.5 billion in outflows since the launch of spot Bitcoin ETFs in January.
- Bitcoin sank 4% before the US Federal Reserve's interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world's top cryptocurrency and rival ether.
- Bitcoin and Ethereum values dropped as investors awaited the Federal Reserve's interest rate decision.
- Bitcoin ETFs flash signs of stress as discounts reach records.
ALTCOIN SEASON
- Altcoin Season Could Start As Early As Next Week, According To Analysts.
- Bitcoin’s dominance may have peaked, signaling the start of the altcoin season.
- Bitcoin’s share of the crypto market falls in sign the altcoin season is back.
- Altcoin Season Alert: Best Entry Points for XRP, BNB, and Raboo Before Summer Surge.
- Crypto Analyst Michaël van de Poppe Decodes whether the Altcoin Season is Over or Just Getting Started?
CONCLUSION
-The latest news about the Altcoin season is that it's expected to start as early as next week.
-The altcoin season is a term used to describe when altcoins outperform Bitcoin.
-Some altcoins that are poised for explosive growth in 2024 include TAO, ORDI, INJ, NEAR and TNSR.
#altcoins #BlackRock $BTC $ETH
- Bitcoin is predicted to trade in a range between $60,000 and $70,000 in the coming months.
- The Grayscale’s Bitcoin Trust ETF has seen its first day of net inflows, following over $17.5 billion in outflows since the launch of spot Bitcoin ETFs in January.
- Bitcoin sank 4% before the US Federal Reserve's interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world's top cryptocurrency and rival ether.
- Bitcoin and Ethereum values dropped as investors awaited the Federal Reserve's interest rate decision.
- Bitcoin ETFs flash signs of stress as discounts reach records.
ALTCOIN SEASON
- Altcoin Season Could Start As Early As Next Week, According To Analysts.
- Bitcoin’s dominance may have peaked, signaling the start of the altcoin season.
- Bitcoin’s share of the crypto market falls in sign the altcoin season is back.
- Altcoin Season Alert: Best Entry Points for XRP, BNB, and Raboo Before Summer Surge.
- Crypto Analyst Michaël van de Poppe Decodes whether the Altcoin Season is Over or Just Getting Started?
CONCLUSION
-The latest news about the Altcoin season is that it's expected to start as early as next week.
-The altcoin season is a term used to describe when altcoins outperform Bitcoin.
-Some altcoins that are poised for explosive growth in 2024 include TAO, ORDI, INJ, NEAR and TNSR.
#altcoins #BlackRock $BTC $ETH
BITCOIN ETFs BACK TO NEGATIVE WEEKLY FLOWS AFTER HALVING.
Bitcoin ETF weekly flows closed at negative $328 million last week marking the 3rd worst performance since approval. Fund flows started the week positively at $93 million inflows but the last 3 trading sessions saw record outflows of $420 million.
Total weekly volume was the lowest since February indicating low levels of interest from investors post halving. GBTC continued seeing only outflows on its ETF which currently holds 298,000 bitcoins while BlackRock's IBIT is catching up fast with 274,000 bitcoins.
Are the bears going to dominate short term or are we in for a downtrend?🤔
$BTC $ETH $COS #Megadrop #bitcoinhalving #BullorBear #RiskControl
Bitcoin ETF weekly flows closed at negative $328 million last week marking the 3rd worst performance since approval. Fund flows started the week positively at $93 million inflows but the last 3 trading sessions saw record outflows of $420 million.
Total weekly volume was the lowest since February indicating low levels of interest from investors post halving. GBTC continued seeing only outflows on its ETF which currently holds 298,000 bitcoins while BlackRock's IBIT is catching up fast with 274,000 bitcoins.
Are the bears going to dominate short term or are we in for a downtrend?🤔
$BTC $ETH $COS #Megadrop #bitcoinhalving #BullorBear #RiskControl
