#ChristmasMarketAnalysis Volatility during the Christmas period from 2020 to 2023. Here’s an overview of its performance during this time: 2020: On December 25, 2020, Bitcoin was trading at around $28,993. 2021: By December 25, 2021, Bitcoin had reached an all-time high earlier in the year, with prices surpassing $60,000 in April. 2022: The market was noticeably different by the end of 2022, with Bitcoin prices at around $95,104.94 as of December 22, 2024, after another cryptocurrency exchange, FTX, declared bankruptcy.
#BTCOutlook EMA (Simple Moving Average) is a technical indicator used in technical analysis to determine the prevailing trend in financial markets, including cryptocurrencies. It aims to reduce volatility and improve forecasting accuracy.
How to Calculate EMA 1. Choose a specific time period (such as 12 or 26 days). 2. Calculate the simple average of the closing prices over the period. 3. Weight the recent values to reflect current changes. 4. Repeat the process to update the moving average.
Types of EMA 1. Short-term EMA (12-20 days): Focuses on short-term fluctuations. 2. Long-term EMA (50-200 days): Focuses on long-term trends.
How to Use EMA 1. Determine the trend: EMA helps in determining the prevailing trend. 2. Spot signals: The intersection of the short EMA with the long EMA gives buy or sell signals. 3. Identify support and resistance: EMA helps in identifying support and resistance levels. 4. Strength Analysis: EMA measures the strength of a trend.
EMA Signals 1. Buy Signal: Short EMA crosses with long EMA from below. 2. Sell Signal: Short EMA crosses with long EMA from above. 3. Volatility Signal: EMA convergence.
Tips 1. Use EMA with other indicators to improve accuracy. 2. Choose a suitable time frame for your trading strategy. 3. Do not rely on EMA alone to make trading decisions. 4. Use it with technical and fundamental analysis.
#MarketCorrectionBuyOrHODL Ethereum is used to describe the second largest cryptocurrency after Bitcoin, represented by the Ether symbol, and this currency supports a range of different applications and digital assets, such as non-fungible tokens. Ethereum works in a similar way to Bitcoin and other cryptocurrencies, but in 2022 it has transformed into a more environmentally friendly operating system that requires less computers and energy$ETH
#MarketNewHype In a statement made during the Bitcoin MENA conference in Abu Dhabi, Eric Trump predicted that Bitcoin will eventually reach $1 million in value. His comments come after the cryptocurrency recently crossed the $100,000 barrier for the first time last week, although it has since adjusted to a current trading price of $98,049. This increase in value represents a significant jump from the $69,374 price on Election Day.$BTC $ETH
$KMD Breakout in Motion: Prepare for the Next Upswing
The 15-minute chart for $KMD shows bullish momentum, with the price surging to $0.3870 after bouncing off $0.3620 support. With resistance at $0.3948, the current rally signals strength, backed by an elevated RSI and positive MACD crossover.
Entry at $0.3870 offers promising targets at $0.3900, $0.3950, and $0.4000. Set a stop-loss at $0.3800 to mitigate risk. With increasing volume and strong indicators, $KMD appears ready to test higher levels in its upward trajectory.
#BitcoinKeyZone BEARISH US PPl came in 100% higher than expected today whilst $BTC &$ETH have weak charts, inflation rose 10bps MoM yesterday & NFP was bearish last Friday AVOID BUYING MACRO IS SHORT TERM NX Finance offer over 30% APR on USDC/$ USDT so if you are not fully allocated hold stables until the FOMC Patience is bitter but its fruits are sweet$BTC
#BTCReclaims101K Bitcoin first crossed $100,000 on December 5 and is trading at $89,640.36 at the time of writing, after the world’s largest and most popular cryptocurrency had been on a six-week winning streak until yesterday, the longest such streak since the 2021 cryptocurrency surge. 1$BTC