CryptoCurrents
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Bitcoin (BTC) Maintains Strong Momentum, Approaching Multi-Month Highs â 7 November 2023
Bitcoin (BTC/USD) continues to show positive momentum as it nears a fresh multi-month high around the 35997.80 level, marking its strongest performance since May 2022. Bids around the 34500 level have propelled BTC/USD towards the 35410 area, testing a 23.6% retracement level. Later, buying pressure surfaced near 34753.66, further pushing BTC/USD higher to test the 23.6% retracement of the broader appreciating range.
The recent high of 35997.80 tested an upside price objective linked to previous buying pressure at 28122 and 32525 levels. This high also tested the 50% retracement of a historical depreciating range and the 61.8% retracement of a separate depreciating range. Traders have activated Stops above the 34190.77 level, a significant downside price objective related to historical selling pressure.
Further upside price targets include various levels up to 44269. On the downside, areas of support can be found at 33761, 33378, 32377, and others. Technical indicators indicate a bullish trend, with moving averages (MA) signaling positive trends both on the 4-hourly and hourly charts.
Price action is currently closest to the 50-bar MA, while support is expected at lower levels. Technical resistance is anticipated at higher levels, with possible stops above them. On the 4-hourly and hourly charts, indicators show a mix of bullish and bearish signals.
$BTC $BNB $USDC
#BTC #USD #BTC/USDT #CryptoCurrents #InvestorAlert
Bitcoin (BTC/USD) continues to show positive momentum as it nears a fresh multi-month high around the 35997.80 level, marking its strongest performance since May 2022. Bids around the 34500 level have propelled BTC/USD towards the 35410 area, testing a 23.6% retracement level. Later, buying pressure surfaced near 34753.66, further pushing BTC/USD higher to test the 23.6% retracement of the broader appreciating range.
The recent high of 35997.80 tested an upside price objective linked to previous buying pressure at 28122 and 32525 levels. This high also tested the 50% retracement of a historical depreciating range and the 61.8% retracement of a separate depreciating range. Traders have activated Stops above the 34190.77 level, a significant downside price objective related to historical selling pressure.
Further upside price targets include various levels up to 44269. On the downside, areas of support can be found at 33761, 33378, 32377, and others. Technical indicators indicate a bullish trend, with moving averages (MA) signaling positive trends both on the 4-hourly and hourly charts.
Price action is currently closest to the 50-bar MA, while support is expected at lower levels. Technical resistance is anticipated at higher levels, with possible stops above them. On the 4-hourly and hourly charts, indicators show a mix of bullish and bearish signals.
$BTC $BNB $USDC
#BTC #USD #BTC/USDT #CryptoCurrents #InvestorAlert
Binance Blockchain week in Istanbul đ„łđ„łđ„łđ„đ„đ„
Day 1 was Endedđ€©
Binance live stream is very Good in Day 1.
#BinanceBlockchainWeek #Binance #BinanceLive #CryptoCurrents
Day 1 was Endedđ€©
Binance live stream is very Good in Day 1.
#BinanceBlockchainWeek #Binance #BinanceLive #CryptoCurrents
Fellow Crypto Traders, Let's Share Some Helpful
Tips
1. Do thorough research.
2. Set realistic goals.
3. Diversify your portfolio.
4. Follow market trends.
5. Stay updated with news. 6. Practice risk management.
7. Trust your instincts.
#CryptoCurrents #Crypto #Trading #Web3 #crypto2023 #cryptocurrency #crypto #Binance #bitcoin $SOL $ETH $BTC
Tips
1. Do thorough research.
2. Set realistic goals.
3. Diversify your portfolio.
4. Follow market trends.
5. Stay updated with news. 6. Practice risk management.
7. Trust your instincts.
#CryptoCurrents #Crypto #Trading #Web3 #crypto2023 #cryptocurrency #crypto #Binance #bitcoin $SOL $ETH $BTC
Hi everyone.
Hopefully everyone will be doing great.
Happy weekend and Best wishes for all and best of luck.
I want to ask one question about Fone.
Is Fone Coming to Binance in the upcoming time?
If you guys have any idea regarding please share.
#fone
#BinanceSquareTalks
#CryptoOpportunities
#CryptoCurrents
Hopefully everyone will be doing great.
Happy weekend and Best wishes for all and best of luck.
I want to ask one question about Fone.
Is Fone Coming to Binance in the upcoming time?
If you guys have any idea regarding please share.
#fone
#BinanceSquareTalks
#CryptoOpportunities
#CryptoCurrents
Analyst Daan Crypto Trades believes that Chainlink (LINK) is currently following the Wyckoff pattern and going through an accumulation phase, which has been surprisingly long in duration.
Despite starting the week at $11.29, LINK initially saw a dip to its weekly low of $10.66, before the bulls gained momentum and pushed the price upwards.
Today, LINK reached its highest value of $14.9, representing a 29% increase in just seven days.
From May 2022 until late October 2023, LINK was in an accumulation phase, with its value fluctuating between $5.7 and $9.7.
However, the recent surge in price has been supported by volume, as indicated by the rising Accumulation/Distribution Line (ADL) with a value of $907 million.
Despite this, LINK has touched its upper Bollinger band, leading to predictions of a potential retracement towards the $11.4 support level.
Overall, the current trajectory suggests that LINK has the potential to reach $18 in the near future, but may experience dips along the way.
Despite starting the week at $11.29, LINK initially saw a dip to its weekly low of $10.66, before the bulls gained momentum and pushed the price upwards.
Today, LINK reached its highest value of $14.9, representing a 29% increase in just seven days.
From May 2022 until late October 2023, LINK was in an accumulation phase, with its value fluctuating between $5.7 and $9.7.
However, the recent surge in price has been supported by volume, as indicated by the rising Accumulation/Distribution Line (ADL) with a value of $907 million.
Despite this, LINK has touched its upper Bollinger band, leading to predictions of a potential retracement towards the $11.4 support level.
Overall, the current trajectory suggests that LINK has the potential to reach $18 in the near future, but may experience dips along the way.
đ„đ„đ„ Bitcoin Fees Soar Nearly 1,000% Since August as Ordinals Are Back in Vogueđ„đ„đ„
- The fees for Bitcoin transactions have soared nearly 1,000% since August.
- This is due to the increased popularity of Ordinals, a new type of NFT that can be stored on the Bitcoin blockchain.
- The high fees are making it more difficult for people to use Bitcoin for everyday transactions.
#CryptoCurrents #BinanceSquareTalks #CryptoNewsđđ°đ« $BTC #Bitcoin_Talk
- The fees for Bitcoin transactions have soared nearly 1,000% since August.
- This is due to the increased popularity of Ordinals, a new type of NFT that can be stored on the Bitcoin blockchain.
- The high fees are making it more difficult for people to use Bitcoin for everyday transactions.
#CryptoCurrents #BinanceSquareTalks #CryptoNewsđđ°đ« $BTC #Bitcoin_Talk
If you bought DOgecoins $1000 in 2020 what would it Be Worth/crypto News
#trading #CryptoCurrents
Please comment and follow me and share please đ
#trading #CryptoCurrents
Please comment and follow me and share please đ
XRP's Thrilling Bull Run Amid Exciting Developments đ
Introduction: Crypto enthusiasts and investors are glued to the action as XRP, one of the crypto stars, embarks on a bullish journey that's got the community buzzing with excitement.XRP's Bullish Surge: XRP, or Ripple, has been on a steady climb, driven by various factors that have sent its value soaring.đ Market Positivity: The crypto market is buzzing with renewed interest, and XRP is riding the wave, thanks to a positive vibe.đ Regulatory Clarity: Clarity in regulations is adding to XRP's allure, as its legal status becomes more well-defined.đŒ Adoption and Use Cases: XRP's strength in cross-border payments and remittances, alongside the expanding RippleNet adoption and innovative use cases, is catching everyone's eye.Exciting Updates:đ„ XRP Joins Forces with a Financial Giant: A major international financial player has seamlessly integrated XRP into its cross-border payment systems, boosting XRP's utility and adoption.đ XRP's Expanding Ecosystem: The XRP ecosystem is in full bloom with exciting projects and partnerships, showcasing growing interest from businesses keen on harnessing XRP's potential for various applications.Price Predictions: Crypto experts are raising the bar with their forecasts, indicating a potential price surge for XRP in the weeks ahead, sparking a whirlwind of excitement among XRP enthusiasts.In Conclusion: The current bullish journey of XRP and its growing utility and recognition paint a promising future. We'll be closely watching these developments as they unfold. đđ#CryptoGoals , #BullRun , #Ripple-XRP , #BTCđ„đ„ , #CryptoCurrents .
US Regulator to Continue Going After Crypto Entities Despite Court Setbacks â Expert #CryptoLegalVictories #CryptoCurrents #cryptoregulation
đ€ĄFamous Economist and Crypto Hater Nouriel Roubini Launches His Own Cryptocurrency
Nouriel Roubini also known as Dr Doom, who once said 99% of crypto is a scam đš, has now launched his own crypto project.
#BTC #CryptoCurrents
Nouriel Roubini also known as Dr Doom, who once said 99% of crypto is a scam đš, has now launched his own crypto project.
#BTC #CryptoCurrents
All about The International Anti-Crypto Tax Evasion Deal:
Signed by 48 countries in November 2023, the International Anti-Crypto Tax Evasion Deal marks a transformative milestone for the cryptocurrency sector. Effective from 2027, the agreement mandates crypto exchanges to collect and share customer transaction details with tax authorities, introducing a new era of transparency to curtail tax evasion through cryptocurrency.
Built upon the Organisation for Economic Co-operation and Development's (OECD) Crypto-Asset Reporting Framework (CARF), finalized in June 2023, the deal establishes a standardized approach for the automatic exchange of cryptocurrency transaction information among tax authorities.
Potential Benefits:
1. Reduced Tax Evasion and Increased Revenue: The deal holds the potential to diminish tax evasion, leading to heightened tax revenues for participating governments.
2. Crime Reduction: A decline in criminal activities, including money laundering and drug trafficking, is anticipated.
3. Enhanced Industry Trust: Increased transparency could foster greater trust in the cryptocurrency industry, appealing to institutional investors.
4. Level Playing Field: The deal aims to establish a more equitable landscape for both traditional financial institutions and cryptocurrency exchanges.
Potential Challenges:
1. Enforcement Hurdles: Cryptocurrency exchanges situated in non-participating countries may pose challenges to effective enforcement.
2. Compliance Burden: Meeting the new requirements may prove burdensome for crypto exchanges, potentially impacting operational efficiency.
3. Privacy Concerns: The deal's requirement for crypto exchanges to collect and share customer information raises privacy concerns.
In conclusion, the International Anti-Crypto Tax Evasion Deal represents a positive stride for the cryptocurrency industry. It signals global recognition of the sector's significance and a commitment to ensuring its use for legitimate purposes.
#CryptoLegalVictories #BinanceBlockchainWeek #BinanceSquare #News #CryptoCurrents $BTC $ETH
Signed by 48 countries in November 2023, the International Anti-Crypto Tax Evasion Deal marks a transformative milestone for the cryptocurrency sector. Effective from 2027, the agreement mandates crypto exchanges to collect and share customer transaction details with tax authorities, introducing a new era of transparency to curtail tax evasion through cryptocurrency.
Built upon the Organisation for Economic Co-operation and Development's (OECD) Crypto-Asset Reporting Framework (CARF), finalized in June 2023, the deal establishes a standardized approach for the automatic exchange of cryptocurrency transaction information among tax authorities.
Potential Benefits:
1. Reduced Tax Evasion and Increased Revenue: The deal holds the potential to diminish tax evasion, leading to heightened tax revenues for participating governments.
2. Crime Reduction: A decline in criminal activities, including money laundering and drug trafficking, is anticipated.
3. Enhanced Industry Trust: Increased transparency could foster greater trust in the cryptocurrency industry, appealing to institutional investors.
4. Level Playing Field: The deal aims to establish a more equitable landscape for both traditional financial institutions and cryptocurrency exchanges.
Potential Challenges:
1. Enforcement Hurdles: Cryptocurrency exchanges situated in non-participating countries may pose challenges to effective enforcement.
2. Compliance Burden: Meeting the new requirements may prove burdensome for crypto exchanges, potentially impacting operational efficiency.
3. Privacy Concerns: The deal's requirement for crypto exchanges to collect and share customer information raises privacy concerns.
In conclusion, the International Anti-Crypto Tax Evasion Deal represents a positive stride for the cryptocurrency industry. It signals global recognition of the sector's significance and a commitment to ensuring its use for legitimate purposes.
#CryptoLegalVictories #BinanceBlockchainWeek #BinanceSquare #News #CryptoCurrents $BTC $ETH
Latest News on Crypto Currencies
Cryptocurrency markets dropped surprisingly after yesterdayâs low producer inflation data. Today, the US producer inflation data was released. This data is crucial as it is a leading indicator for the Consumer Price Index. So, how will cryptocurrencies be affected?
The US producer inflation data came in better than expected. The data suggests that the Consumer Price Index may continue to decline next month. On the other hand, the crypto currency markets did not react to this data, which strengthens the possibility of a rate cut by the Fed. Despite the data that should support the markets, the ongoing sell-offs keep the price at $36,000.
Annual Announcement: 1.3% Expectation: 1.9%Annual Core PPI Announcement: 2.4% Expectation: 2.7%
While a monthly increase of 0.1% was expected, it was announced as -0.5%. The expectation for a rate cut by the Fed in July next year had risen to 50bp yesterday. At the time of writing this article, the current expectations for the upcoming meetings are as follows.
Although it is uncertain when all these positive data will be reflected in the price, it is certain that they will support the risk markets and undermine the hawkish stance of the Fed. The possibility of interest rates remaining unchanged at the December and January Fed meetings is over 97%. The probability of a 25bp rate cut in May is 51.5%.
#CryptoCurrents #crypto
The US producer inflation data came in better than expected. The data suggests that the Consumer Price Index may continue to decline next month. On the other hand, the crypto currency markets did not react to this data, which strengthens the possibility of a rate cut by the Fed. Despite the data that should support the markets, the ongoing sell-offs keep the price at $36,000.
Annual Announcement: 1.3% Expectation: 1.9%Annual Core PPI Announcement: 2.4% Expectation: 2.7%
While a monthly increase of 0.1% was expected, it was announced as -0.5%. The expectation for a rate cut by the Fed in July next year had risen to 50bp yesterday. At the time of writing this article, the current expectations for the upcoming meetings are as follows.
Although it is uncertain when all these positive data will be reflected in the price, it is certain that they will support the risk markets and undermine the hawkish stance of the Fed. The possibility of interest rates remaining unchanged at the December and January Fed meetings is over 97%. The probability of a 25bp rate cut in May is 51.5%.
#CryptoCurrents #crypto
Pioneering Countries Launching Functional Bitcoin Spot ETFs
Of the nearly 200 sovereign states and territories across the globe, only a handful of eight have operational Bitcoin spot ETFs that are publicly traded on stock exchanges.
Read more on: https://thecryptobasic.com/2023/11/08/here-are-countries-with-functional-bitcoin-spot-etf-products/
#Bitcoin-BTC #BitcoinETFLaunch #Crypto #CryptoCurrents #CryptoNewsđđ°đ«
Read more on: https://thecryptobasic.com/2023/11/08/here-are-countries-with-functional-bitcoin-spot-etf-products/
#Bitcoin-BTC #BitcoinETFLaunch #Crypto #CryptoCurrents #CryptoNewsđđ°đ«
Why is LINK rising?
While the broader crypto market has enjoyed a strong rally over the past month due to the optimism surrounding a Bitcoin spot exchange-traded fund, Chainlink is also quietly enjoying some strong narratives driving its price performance.
Data from Glassnode shows that LINKâs upward price movement was aided by the increase in the number of addresses with non-zero balances, reaching a new high for this year at more than 685,000.
This signals that the digital asset is seeing increased adoption from investors heavily acquiring the crypto token. For context, on-chain analyst Lookonchain reported that a whale address acquired 312,901 LINK valued at around $3.81 million on Nov. 5.
Chainlinkâs planned Staking v0.2 upgrade drives new interest into its ecosystem. The upgrade will introduce flexible withdrawals, liquid rewards, modular architecture, and dynamic rewards. These innovations aim to enhance user experience and incentivize participation in the network.
Besides, the digital assetâs Cross-Chain Interoperability Protocol (CCIP) is enjoying heavy adoption from major traditional institutions.
In Aug., CryptoSlate reported that the global financial messaging network Swift revealed that it was collaborating with Chainlink and several financial institutions for tokenization experiments involving the transfer of tokens across multiple blockchains.
#BullRun #CryptoBullMarket #CryptoCurrents #CryptoNewsđđ°đ« #crypto2023 $BTC $USDC $ETH
While the broader crypto market has enjoyed a strong rally over the past month due to the optimism surrounding a Bitcoin spot exchange-traded fund, Chainlink is also quietly enjoying some strong narratives driving its price performance.
Data from Glassnode shows that LINKâs upward price movement was aided by the increase in the number of addresses with non-zero balances, reaching a new high for this year at more than 685,000.
This signals that the digital asset is seeing increased adoption from investors heavily acquiring the crypto token. For context, on-chain analyst Lookonchain reported that a whale address acquired 312,901 LINK valued at around $3.81 million on Nov. 5.
Chainlinkâs planned Staking v0.2 upgrade drives new interest into its ecosystem. The upgrade will introduce flexible withdrawals, liquid rewards, modular architecture, and dynamic rewards. These innovations aim to enhance user experience and incentivize participation in the network.
Besides, the digital assetâs Cross-Chain Interoperability Protocol (CCIP) is enjoying heavy adoption from major traditional institutions.
In Aug., CryptoSlate reported that the global financial messaging network Swift revealed that it was collaborating with Chainlink and several financial institutions for tokenization experiments involving the transfer of tokens across multiple blockchains.
#BullRun #CryptoBullMarket #CryptoCurrents #CryptoNewsđđ°đ« #crypto2023 $BTC $USDC $ETH
#AVAX/USDT
Exchanges: Binance Futures
Signal Type: Regular (LONG)
Leverage: Isolated (10.0X)
Time frame : 1 hr
Mid term
Current Price : 12.38
Entry Targets:
1)12.40
Take-Profit Targets:
1)12.70
2) 12.95
3) 13.29
Stop Target
11.95
#CryptoCurrents #CryptoTargets #CryptoNewsđđ°đ« #CryptoMindsWeb3 #fomcinsights $BTC $BNB $ETH
Exchanges: Binance Futures
Signal Type: Regular (LONG)
Leverage: Isolated (10.0X)
Time frame : 1 hr
Mid term
Current Price : 12.38
Entry Targets:
1)12.40
Take-Profit Targets:
1)12.70
2) 12.95
3) 13.29
Stop Target
11.95
#CryptoCurrents #CryptoTargets #CryptoNewsđđ°đ« #CryptoMindsWeb3 #fomcinsights $BTC $BNB $ETH