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!!!! NOTE: If you have a cryptocurrency trading account, please turn on the candlesticks in your account chart to understand these meanings more clearly If price breaks out of these areas, cultural support may turn into resistance, and resistance may turn into support
In the above chart, once the price breaks the support level (1), it becomes the resistance level (2), and once the price breaks the resistance level (3), it becomes the support level (4)From a bull market perspective, when the market hits a previous low, it is more important than when the market hits a previous high. In a bear market, it is more important for the market to trade to the previous high than to trade to the previous low
In other words, the more times a support or resistance area is "hit," the more important it is, and support and resistance areas are very important for consistent setups
In the above chart, once the price breaks the support level (1), it becomes the resistance level (2), and once the price breaks the resistance level (3), it becomes the support level (4)From a bull market perspective, when the market hits a previous low, it is more important than when the market hits a previous high. In a bear market, it is more important for the market to trade to the previous high than to trade to the previous low
In other words, the more times a support or resistance area is "hit," the more important it is, and support and resistance areas are very important for consistent setups
Whether you trade cryptocurrencies, forex, commodities, options, or stocks, support and resistance levels form the basis of most technical analysis chart patterns. It is the most important and legitimate quantity and price indicator. There is no one, very accurate, no lag, the price is at a certain level
ă°ïžă°ïžđšđšđšă°ïžă°ïžđšđšđšă°ïžă°ïžPrice doesn't know if it should be overbought or oversold and turns in the opposite direction, which by the way is where indicators can go astray. People have been fascinated by technical indicators for years, and in fact most trading platforms are filled with them
ă°ïžă°ïžđšđšđšă°ïžă°ïžđšđšđšă°ïžă°ïžPrice doesn't know if it should be overbought or oversold and turns in the opposite direction, which by the way is where indicators can go astray. People have been fascinated by technical indicators for years, and in fact most trading platforms are filled with them
Bitcoin
ă°ïžă°ïžđđđă°ïžă°ïžđđđă°ïžă°ïž
Ladies and gentlemen, it's our news sharing time. Paying attention to the trends of good news in the market every day and understanding the good and bad news will help us do a good job in contract transactions. Please read the following carefully! Crypto Fear & Greed Index Over Time
This is a plot of the Fear & Greed Index over time, where a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed Social Media (15%)
While our reddit sentiment analysis is still not in the live index (weâre still experimenting some market-related key words in the text processing algorithm), our twitter analysis is running. There, we gather and count posts on various hashtags for each coin (publicly, we show only those for Bitcoin) and check how fast and how many interactions they receive in certain time frames). A unusual high interaction rate results in a grown public interest in the coin and in our eyes, corresponds to a greedy market behaviour. Surveys (15%) currently paused
Together with strawpoll.com (disclaimer: we own this site, too), quite a large public polling platform, weâre conducting weekly crypto polls and ask people how they see the market. Usually, weâre seeing 2,000 - 3,000 votes on each poll, so we do get a picture of the sentiment of a group of crypto
$BTC
Ladies and gentlemen, it's our news sharing time. Paying attention to the trends of good news in the market every day and understanding the good and bad news will help us do a good job in contract transactions. Please read the following carefully! Crypto Fear & Greed Index Over Time
This is a plot of the Fear & Greed Index over time, where a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed Social Media (15%)
While our reddit sentiment analysis is still not in the live index (weâre still experimenting some market-related key words in the text processing algorithm), our twitter analysis is running. There, we gather and count posts on various hashtags for each coin (publicly, we show only those for Bitcoin) and check how fast and how many interactions they receive in certain time frames). A unusual high interaction rate results in a grown public interest in the coin and in our eyes, corresponds to a greedy market behaviour. Surveys (15%) currently paused
Together with strawpoll.com (disclaimer: we own this site, too), quite a large public polling platform, weâre conducting weekly crypto polls and ask people how they see the market. Usually, weâre seeing 2,000 - 3,000 votes on each poll, so we do get a picture of the sentiment of a group of crypto
$BTC
Cryptocurrencies recovered from a sharp sell-off earlier in the week to rise, with Bitcoin topping $62,000 in one fell swoop on Friday.
Bitcoin gained more than 12 percent, rising above $62,000 at one point, well above the support level of $55,000 that has been in place for most of the year, the data showed. Ether jumped more than 14 percent, approaching $2,700. At one point on Wednesday, bitcoin and ethereum also led the cryptocurrency market and related stocks lower
Bitcoin gained more than 12 percent, rising above $62,000 at one point, well above the support level of $55,000 that has been in place for most of the year, the data showed. Ether jumped more than 14 percent, approaching $2,700. At one point on Wednesday, bitcoin and ethereum also led the cryptocurrency market and related stocks lower
We also have additional bullish catalysts. The anticipated compensation claims of $12 billion to $14 billion from FTX are expected to flow into the market in October and November 2024. This will inject a significant amount of new funds into the cryptocurrency market, further driving up market prices. For investors, this is undoubtedly very positive news, Nevertheless, we must also learn from past lessons. Historically, the cryptocurrency market tends to follow a four-year cycle centered around Bitcoin halving events. In the first year after the halving, the market rises rapidly; in the second year, the growth rate slows; in the third year, prices generally stabilize; and in the fourth year, prices drop significantly. Prices typically peak around 500 days after the halving. If this cycle follows the same pattern, the market could peak around October 2025
This pushed GameStop's stock price to a high of more than $46 before the live broadcast. This live broadcast attracted hundreds of thousands of viewers, and everyone was waiting for the emergence of a myth. Can Keith Gill become the first billionaire born from a Reddit internet celebrity, and take his net worth to one billion US dollars? Becoming a billionaire would be a phenomenal event in history. However, the myth did not occur. And the expectations of everyone before the live broadcast also became the last glory of GameStop in the near future, Compared with the grand battle of 2021, this meme stock battle feels more like Keith Gill's battle alone, and did not make much splash in the entire market
The election cycle also has a significant impact on the market. In election years, government spending tends to increase, which is a positive signal for the market. The incumbent government, especially during the campaign period, usually boosts both direct and indirect spending. This typically results in a strong market performance at the beginning of the year, a quieter summer, and a rebound in the latter half of the year. The 2024 election cycle is expected to follow this pattern, with the market anticipated to perform well in the second half of the year
Institutions focusing on cross-border capital and liquidity have already called for a 20% increase in liquidity growth in the second half of 2024. Additionally, the Swedish and European Central Banks have indicated plans to start easing monetary policy. These policy changes will inject more funds into the market, driving up the prices of risk assets
Institutions focusing on cross-border capital and liquidity have already called for a 20% increase in liquidity growth in the second half of 2024. Additionally, the Swedish and European Central Banks have indicated plans to start easing monetary policy. These policy changes will inject more funds into the market, driving up the prices of risk assets
ARDX was reiterated as Buy by HC Wainwright, and the target price was raised to US$10. The valuation is seriously undervalued. Performance growth, capital investment, full momentum, and surge is imminent.
: Professor Mike shared it around 5.6 last Friday, and he really predicted that market funds would flow back into the medical sector in the near future. Thatâs amazing. If small and medium-sized technology stocks such as biomedicine and healthcare fall sharply, they will rise. However, todayâs HUT and SOUN still have to observe the market of Bitcoin and Nvidia, the AI leader.
: Professor Mike shared it around 5.6 last Friday, and he really predicted that market funds would flow back into the medical sector in the near future. Thatâs amazing. If small and medium-sized technology stocks such as biomedicine and healthcare fall sharply, they will rise. However, todayâs HUT and SOUN still have to observe the market of Bitcoin and Nvidia, the AI leader.
#BTCâ
- Decentralized: No central authority or government controls it.
- Limited supply: Only 21 million Bitcoins will ever exist.
- Fast and global: Transactions are processed in real-time, regardless of location.
- Secure: Uses advanced cryptography for secure transactions.
- Volatile: Price fluctuations can be significant.
- Accepted by many merchants: For online and offline purchases.
Bitcoin has inspired a vast ecosystem of cryptocurrencies, blockchain technology, and a new era of financial innovation.
- Decentralized: No central authority or government controls it.
- Limited supply: Only 21 million Bitcoins will ever exist.
- Fast and global: Transactions are processed in real-time, regardless of location.
- Secure: Uses advanced cryptography for secure transactions.
- Volatile: Price fluctuations can be significant.
- Accepted by many merchants: For online and offline purchases.
Bitcoin has inspired a vast ecosystem of cryptocurrencies, blockchain technology, and a new era of financial innovation.
Writing by Waseem45
- A recent tweet by Elon Musk has garnered significant attention from the Bitcoin (BTC), XRP and Dogecoin (DOGE) communities. In his characteristic style, Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk made a tweet on X prompting speculation and interpretation among his followers.
The tweet, which offered a perspective on the workings of the Federal Reserve, has sparked a reaction from the crypto community. In a compelling tweet, Musk drew an analogy between the United States Federal Reserve and the popular board game Monopoly.
Musk compared the Federal Reserve's ability to create money to the Monopoly game's rule that allows the bank to never go bankrupt, implying that, like the game, the Fed can always print more money. This metaphor emphasizes concerns about the Fed's quantitative easing (QE) program and its impact on inflation and currency value.
In the aftermath of Musk's X post, cryptocurrency communities like Bitcoin, XRP and Dogecoin responded in a variety of ways, offering their perspectives.
In response to Musk's post, financial analyst Michaël van de Poppe advocates Bitcoin, silver and gold, predicting that QE might be reintroduced.
Some members of the Bitcoin community interpreted Musk's post on how the Federal Reserve works as a recognition of the need for sound monetary policies and the potential benefits of a deflationary digital asset like Bitcoin. "Bitcoin fixes this," they said. This belief stems from the idea that Bitcoin is sound money due to its supply cap and predictable issuance schedule.
Some Dogecoin community members replied, including co-founder Billy Markus, also known as "Shibetoshi Nakamoto" on X. Prominent Dogecoin community member "Sir Doge of the coin" also noted, "Dogecoin fixes this."
XRP influencer "XRP crypto wolf" said, "Save yourself with XRP and crypto.
- A recent tweet by Elon Musk has garnered significant attention from the Bitcoin (BTC), XRP and Dogecoin (DOGE) communities. In his characteristic style, Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk made a tweet on X prompting speculation and interpretation among his followers.
The tweet, which offered a perspective on the workings of the Federal Reserve, has sparked a reaction from the crypto community. In a compelling tweet, Musk drew an analogy between the United States Federal Reserve and the popular board game Monopoly.
Musk compared the Federal Reserve's ability to create money to the Monopoly game's rule that allows the bank to never go bankrupt, implying that, like the game, the Fed can always print more money. This metaphor emphasizes concerns about the Fed's quantitative easing (QE) program and its impact on inflation and currency value.
In the aftermath of Musk's X post, cryptocurrency communities like Bitcoin, XRP and Dogecoin responded in a variety of ways, offering their perspectives.
In response to Musk's post, financial analyst Michaël van de Poppe advocates Bitcoin, silver and gold, predicting that QE might be reintroduced.
Some members of the Bitcoin community interpreted Musk's post on how the Federal Reserve works as a recognition of the need for sound monetary policies and the potential benefits of a deflationary digital asset like Bitcoin. "Bitcoin fixes this," they said. This belief stems from the idea that Bitcoin is sound money due to its supply cap and predictable issuance schedule.
Some Dogecoin community members replied, including co-founder Billy Markus, also known as "Shibetoshi Nakamoto" on X. Prominent Dogecoin community member "Sir Doge of the coin" also noted, "Dogecoin fixes this."
XRP influencer "XRP crypto wolf" said, "Save yourself with XRP and crypto.
$BTC U.Today - Calm Sunday morning was disrupted, when two dormant Bitcoin (BTC) wallets, untouched for over a decade, have sprung to life, shaking the cryptocurrency market with their monumental activity.
According to Lookonchain's latest findings, these wallets, inactive for precisely 10.7 years, have swiftly transferred their entire holdings of 1,000 BTC, currently valued at a staggering $60.9 million, within a mere 20-minute window.
The wallets in question, identified as "16vRqA" and "1DUJuH," received their initial deposits of 500 BTC each back in September 2013, when Bitcoin was valued at a modest $124 per coin.
Fast forward to today, and these addresses have witnessed an extraordinary surge in value, boasting an astronomical profit margin of 49,274.2%. In monetary terms, this translates to a jaw-dropping $60.8 million windfall, equating to an astonishing $5.7 million in profit accrued annually over the past 11 years.
The sudden reactivation of these dormant BTC whales has sparked intense speculation within the cryptocurrency community. Many analysts posit that such a move could signify a pivotal shift in market sentiment.
Bearish?
Interestingly, despite the significant profit margins, the owners of these wallets have chosen not to cash out through exchanges but rather opted to transfer their assets to undisclosed wallets, adding a layer of mystery to their motives.
Historically, the emergence of long-dormant Bitcoin holders has often been interpreted as a bearish signal, suggesting a potential sell-off to lock in profits. However, the unique circumstances surrounding these ancient wallets leave the market eagerly anticipating their next move.
According to Lookonchain's latest findings, these wallets, inactive for precisely 10.7 years, have swiftly transferred their entire holdings of 1,000 BTC, currently valued at a staggering $60.9 million, within a mere 20-minute window.
The wallets in question, identified as "16vRqA" and "1DUJuH," received their initial deposits of 500 BTC each back in September 2013, when Bitcoin was valued at a modest $124 per coin.
Fast forward to today, and these addresses have witnessed an extraordinary surge in value, boasting an astronomical profit margin of 49,274.2%. In monetary terms, this translates to a jaw-dropping $60.8 million windfall, equating to an astonishing $5.7 million in profit accrued annually over the past 11 years.
The sudden reactivation of these dormant BTC whales has sparked intense speculation within the cryptocurrency community. Many analysts posit that such a move could signify a pivotal shift in market sentiment.
Bearish?
Interestingly, despite the significant profit margins, the owners of these wallets have chosen not to cash out through exchanges but rather opted to transfer their assets to undisclosed wallets, adding a layer of mystery to their motives.
Historically, the emergence of long-dormant Bitcoin holders has often been interpreted as a bearish signal, suggesting a potential sell-off to lock in profits. However, the unique circumstances surrounding these ancient wallets leave the market eagerly anticipating their next move.
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#bitcoinupdate2024 đšđšđš "As I mentioned in my last post that we are present in the 4th wave, and the 5th is yet to come. Now, we are in the 5th wave, and it is essential to see where the 5th wave ends. I have been informing you all the time from the beginning till now, posting after the completion of each single wave. Just as I showed you, Bitcoin has prepared the chart in the same way since the start. All the guidance I provided to everyone is here in front of you in each post. Those who have been following me since the beginning know how many people were bearish a few days ago, but I guided you that nothing like that would happen. When Bitcoin dropped to 52k, people were in panic, and at that time, no one had an idea. I guided you based on technical analysis from the start until now, and the result is in front of all of you. Anyone in need of guidance can mention their number in the comments."
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