Trader Autodidacte depuis 2018, fondateur de Cryptomancie, consiste à partager mes analyses et les informations pertinentes concernant la cryptomonnaie du monde
Surely a great opportunity to take around 0.1050/0.11 with resistance at 0.13 or 30% upwards and an ATH at 1 USDT/CVC we can see from a historical point of view the same scenario as in 2021 before its rise over several weeks due to the last halving of BTC.
•The first breakout 5 weeks ago put the RSI back into good averages around 45 in Day and Monthly. In weekly it is currently 64, slightly too high, which implies that we will still have to wait one to two weeks for a reduction in this weekly RSI or even 3 weeks before we can reach this opportunity of “pump halving BTC” on this Altcoin. This does not imply a drop in price, but a slightly hectic price.
•The trend has been on the rise for several weeks already, with an exceptional month of October
•Purchase volumes outperform sales volumes, many are entering the market while others keep their crypto warm, a good sign
•The ichimoku clouds should soon reverse, the “green” cloud should surpass the red cloud, which signals an increasing average demand relative to sales.
Of course, the analysis of other indicators such as moving averages and Fibonacci retracement are required and not displayed on this graph for better visibility.
This is not investment advice, simply a personal analysis that might advise the like-minded. History repeats itself at every halving since the creation of Bitcoin, why this time would it change when the indicators are green and especially when public opinion is becoming more and more favorable to the adoption of cryptocurrencies?
I take the same curves, the same graph as 2 weeks ago and see that the curve stretches on this upward resistance (red arrow) instead of touching its main resistance point (red horizontal line)
Currently the RSIs are rather favorable to the rise, a readjustment was necessary after a mainly bullish month of October!
The ichimoku clouds also inform us that this is a main buying zone for a very likely future return to 0.01600!
So we keep the same point of view as 2 weeks ago 📈! A bullish BTC up to 43,000 $BTC with in parallel altcoins with higher yields like that of Harmony
I will inform you daily of my analyses. Have a great day
We can expect a nice rise in Harmony $ONE very soon during the next BTC pump towards €38,000 The ichimoku clouds are very conducive to increases, the RSI has received its correction in h/d/w graph. The downward futures were lifted thanks to the sudden rise in the price to 0.1657 which largely allows us to envisage its rise 💪
Let’s take a look at the graph from our previous analysis! You can see that the price of $BTC rebounded from this resistance of 34,400 in a bullish manner, completely normal.
The RSI in D/W/M are too high, and this balance between 34500 and 35500 USDT/BTC slightly corrects this currently too high indicator.
The Ichimoku clouds being below the price of bitcoin, proves to us that demand is above average (green zone) which is a good omen for the continuity of this “bull-run”
We can predict an increase in the price towards 37500 which will be the next resistance without too much pretension and hope for a possible rise to 42400 by undergoing some corrections.
Our test will be for the cryptocurrency $VITE #FAST
•First strong buy signal on our list is the bullish crossover of the Tenkan-Sen on the Kijun-Sen, above the cloud. Conversely, a crossover of the Kijun-Sen over the Tenkan-Sen below the cloud is a strong sell signal.
-Explanation of the different lines on an ichimoku set to 9/26/52/26
•The Tenkan-sen corresponds to the average between the highest prices and the lowest prices over a short period (a), generally over the last 9 periods.
•The Kijun-Sen represents the average between the highest prices and the lowest prices over an average period (b), generally over the last 26 periods.
•The Senkou Span A, or SSA, corresponds to the average distance between the Tenkan-Sen curve and the Kijun-Sen curve, over x periods. Senkou Span A is projected into the future at 26 periods. SSA = (Tenkan + Kijun) / 2 and projected to the right of 26 periods.
•The Senku Span B, or SSB, corresponds to the average of the highest price and the lowest price, over a long period (c), generally over the last 52 periods. As with the SSA, Senkou Span B is projected into the future at 26 periods. The cloud, or cloud or even Kumo, is formed thanks to its ends composed of the SSA which is the top of the cloud and the SSB which is the bottom of the cloud. SSB = (Highest and Lowest Points) / 2 over 52 periods and shifted right by 26 periods.
•The Chikou curve, or Lagging Span, is the representation of closed prices, shifted to the left by 26 periods. Chikou is nicknamed market memory. Thanks to Chikou, it is possible to compare the current price situation with that of 26 periods back on this example.
We can see that the RSIs are exploding when the crossing forms the green clouds, in bull-run it is a very interesting analysis to follow!
We can say that the 37,000 USDT/BTC mark should be exceeded soon if we are to believe the ichimoku clouds which tell us a lot about the future of Bitcoin.
Failing that, the RSIs are on alert, and risk creating a slight consistency around $35,000 This bullish stability, if there is one, will easily show us the route to the next resistance zones which are around 37000/42000 USDT.
Once this zone is reached, we may have a risk of breakouts to remove excessive upward leverage. Everything will depend on time to know more about the predictions. For the moment the main indicators are green, some will be adjusted with a stagnant market.
While waiting for the halving, always keep an eye on global news, currently the rise in bitcoin is without obstacle.
Amazon Web Services (AWS) introduced Solana nodes to its platform
Amazon Web Services (AWS), the cloud computing arm of the e-commerce giant, has officially integrated Solana nodes into its offerings. The move reflects AWS' strategy to meet the growing demands of the cryptocurrency and blockchain industries.
With this integration, developers can now leverage AWS infrastructure to interact with a blockchain platform known for its scalability and rapid transaction capabilities.
Enhanced Infrastructure for Solana Developers Integrating Solana nodes on AWS provides developers with a robust and reliable infrastructure to deploy and manage their blockchain projects.
Bitcoin Price Rises Amid Optimism Around Spot Bitcoin ETF Anticipation of a spot approval of an ETF has led to a surge in the price of Bitcoin in recent weeks.
The cryptocurrency soared as high as $35,000 earlier this month, boosted by market speculation regarding the potential approval of a spot ETF.
Meanwhile, crypto financial services platform Matrixport predicted a major Bitcoin rally if a spot ETF hits the market.
Comparing this to precious metals ETFs, which have a market cap of around $120 billion, assuming 10-20% of precious metals ETF investors consider diversifying into a Bitcoin ETF as a hedge against currency depreciation and inflation, Matrixport said we could see an inflow of $12 billion to $24 billion into the Bitcoin ETF.
“If Tether's market cap increases by $24 billion, acting as a proxy for potential ETF inflows, the price of Bitcoin would increase to $42,000, which is a conservative estimate.”
Further confirmation of the Bitcoin bull market, the market dominance of the main cryptocurrency has reached 54%, its highest level in more than two and a half years.
Bitcoin's steady rise in dominance, which was around 38% at the start of the year, comes amid its year-long rally, with the flagship cryptocurrency surging 81% since the start of 2023 .
Analysts at financial services firm Cantor Fitzgerald believe the long-awaited Bitcoin (BTC) spot exchange-traded fund (ETF) is moving closer to reality.
The company, known for its prime brokerage and investment banking services, is increasingly confident in approving applications from asset managers seeking to launch a spot ETF for Bitcoin, as reported by Bloomberg News .
The U.S. Securities and Exchange Commission (SEC) has been reluctant to approve a bitcoin spot ETF due to concerns about potential manipulation on offshore spot platforms.
However, Cantor Fitzgerald believes that the market surveillance procedures proposed by the new applicants could address these concerns and prompt the SEC to seek approval.
Firm analysts Josh Siegler and Will Carlson stressed the importance of establishing a “comprehensive oversight sharing agreement with a regulated market of significant size” to appease regulators.
Approval of a spot ETF would have significant near-term implications on the price of bitcoin, according to Cantor Fitzgerald.
Cryptocurrencies are doing well and are distancing themselves from the tech giants! 💪
Historically, cryptocurrencies have often been linked to stocks in the Tech sector, and have followed the movements of the stock market more or less closely. But recently, it seems that they have found a necessary distance, against a backdrop of recession. Proof of this was provided this week, when Bitcoin briefly exceeded $35,000.
The cryptocurrency market is indeed resolutely in the green, driven by the hoped-for arrival of a spot Bitcoin ETF from BlackRock. Over the week, the BTC price thus displays +22%, and +32% over the month. The total capitalization of cryptocurrencies increased to $183 million over the week.
For their part, the major cryptocurrencies are showing almost unanimous progress: Ethereum's ETH is up +19% over the week, compared to +16% for Ripple's XRP. In the top 10, Solana (SOL) is the biggest winner, with an increase of +37% over the week. The lights are therefore resolutely green, and fuel welcome optimism after months of bear market.
According to the analysis of our H-charts at this moment we can predict in the short term a fall breaking the upward levers by analyzing the clouds and the RSI 📉
On the long term graph in D and W we can see that the cloud informs us by staying below the price of Bitcoin that the bull-run should continue its path after this slight correction 🚀
Solana Labs has launched the “Solana Incubator”, a new incubator program aimed at supporting the development of businesses on the Solana (SOL) blockchain 🕵️♂️
Solana Labs Launches Solana Incubator Program Solana Labs Launches Solana Incubator Program Solana Labs has launched the “Solana Incubator,” a new incubator program aimed at supporting the development of businesses on the Solana (SOL) blockchain.
The program, announced on October 26, will help web and blockchain companies that want to leverage Solana's platform for financing, development, networking and marketing.
Interested teams can apply until November 30 and approved projects will receive support from the Solana Labs team and its partners throughout the development, commercialization and launch phases.
The Solana Incubator aims to overcome fundamental obstacles faced by entrepreneurs, such as Web3 integrations and finance, allowing teams to focus on solving user-centric problems.
Additionally, the program will allow participating companies to interact with prominent venture capitalists in the Solana Labs network, thereby increasing liquidity.
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Since the beginning of October, the price of Ethereum has risen sharply, from 1,480 euros to 1,694 euros, an increase of 53% in one week 📈
Several factors can explain this performance.
1 • Ethereum benefits from the growing popularity of decentralized finance (DeFi) applications, which offer innovative financial services accessible to all, without an intermediary. The total value locked in DeFi protocols reached a record $16.8 billion on October 24.
2 • Since Ethereum is the dominant platform for hosting these applications, it takes advantage of the increased demand for ETH to pay transaction fees and participate in different protocols.
3 • Ethereum benefited from the positive anticipation of investors and developers regarding the major update of the network, called Ethereum 2.0. Which serves to improve the scalability, security and energy efficiency of Ethereum, by moving from a Proof-of-Work and Proof-of-Stake mechanism.
4 • The launch of the null phase of Ethereum 2.0, which consists of deploying the Beacon chain, is scheduled for December 1st! Explanation 💡 To do this, 524,288 ETH must be deposited into a smart contract before November 24. As I write this, over 100,000 ETH have already been deposited 👌which shows the enthusiasm and confidence users have for the project.
5 • Ethereum benefited from the favorable context of the cryptocurrency market in general, driven by the rise in Bitcoin, which exceeded $35,000 on October 23.
In conclusion, Ethereum had an exceptional week, thanks to its ability to innovate and reinvent itself. However, it remains to be seen whether this upward trend will continue in the coming weeks, or whether it will be followed by a correction. 😉