$BTC Dominance Currently Trading At The Support Area, Looks Like We May See Bounce From Here. Which Is Not Good For ALTS Because, BTC Dominance Pump = ALTS Dump. #LowestCPI2021
$XMR Trade setup: Trends are mixed but price remains in a long-term Uptrend. It's trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $146-$150, with +20% upside potential to $180. Stop Loss (SL) at $134 (below prior swing low). Trend Traders: wait for price to breakout out of the Sideways Channel, above the $180 resistance to signal continuation of Uptrend, with +10% potential upside to $200. Learn to trade breakouts in Lesson 7. XMR was delisted on OKX and Binance in February, which lead to the big gap down. However, recently, Coinbase has relisted XMR on its exchange. (set a price alert).
Pattern: Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance.
Trend: Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $150.00, then $116.00. Nearest Resistance Zone is $180.00, then $200.00. #MarketDownturn #CryptoMarketMoves
Head and Shoulders showing zigzag price guidance. The last zigzag isn't complete and I've added some words "more uptrend space".
My RSI PIVOTS are getting ready to make the curve to the right for an uptrend. Follow the curves as they turn to the right where BULL is located, you'll see there's an uptrend.
This does not mean the price ends at $72k. I just wanted to show how potential $72k is although my other analysis shows we will have more than $72K.
$BTC Marathon $100M Bitcoin Investment: A Bold Move Reinforcing Its HODL Strategy
Marathon Digital Holdings Inc. (MARA), a leading Bitcoin (BTC) mining company, has recently made headlines with its strategic purchase of $100 million worth of BTC from the open market. This decision aligns with the company’s renewed commitment to holding all mined Bitcoin on its balance sheet, reinforcing its HODL strategy. This article delves into the implications of MARA investment, the strategic rationale behind this move, and its potential impact on the broader cryptocurrency market. Read More:https://www.unitedstatesoftimes.com/marathon-100m-bitcoin-investment/
Bitaxe Bitcoin Mining: A Small Device’s Big Achievement
The Remarkable Feat of a 500 Gh/s Bitcoin Mining Device On July 24, a Bitcoin mining device with a modest hashrate of only 500 gigahashes per second (Gh/s) achieved an extraordinary feat by successfully mining a block. This notable event was reported by Bitcoin mining device retailer Altair Technology via an X post. The mined block is valued at approximately $206,000, reflecting the current Bitcoin price. The post read, “Congratulations to the miner who likely mined the first solo BTC block with
BREAKING NEWS: US President Joe Biden has just announced that he will not support Bitcoin custody by any institutions. This could potentially pave the way for XRP to become the only regulated currency based on the US judicial system! XRPL defi is expected to experience a significant surge as a large amount of money is expected to shift. The top defi token on XRPL,
@TokenCTF
, could see a substantial increase in value. It wouldn't take much for CTF token to skyrocket from $0.95 to $374.25 per token, reaching a market cap of 10 billion! Many people initially dismissed the idea of $XRP leading the way, but it seems to be coming true! Exciting times ahead for XRPL, looking forward to seeing my CTF tokens bring in more profits. My bags are ready!
In a significant development, the Securities and Exchange Commission (SEC) has issued a Wells Notice signaling its intention to pursue an enforcement action against Robinhood's cryptocurrency business. This notice underscores heightened scrutiny on Robinhood's crypto operations, potentially indicating regulatory concerns.
Hold onto your hats, crypto enthusiasts! Michael Saylor, a prominent figure in the crypto sphere, has made a significant prediction that's causing ripples across the altcoin community!
According to Saylor, brace yourselves for a potential crackdown by the SEC on altcoins, which could reshape the crypto landscape as we know it! This isn't just your ordinary regulatory scrutiny – we're facing the possibility of stricter compliance measures, enforcement actions, and a complete overhaul of altcoin trading practices! But what implications does this hold for us, the crypto investors?
It's time to be vigilant and prepare for potential changes in our portfolios! With the SEC ramping up its oversight, it's crucial to reassess our risk exposure and brace for potential market volatility ahead.
However, amidst the uncertainty, there's a silver lining – enhanced compliance measures could bring much-needed stability to the altcoin market, even if it means bidding farewell to some smaller projects. Stay informed about SEC announcements, observe the market reactions closely, and seek guidance from experienced voices in the crypto community to navigate through these uncertain times. The future of altcoin trading awaits, and it's essential to stay informed and adaptable to whatever comes our way!
FED Interest Rate Decision Announced: Here is the First Reaction of Bitcoin and #altcoins A small decline was observed in Bitcoin after the US Central Bank ( #fedinterest ) released its interest rate decision in the direction of expectations. The FED announced in the last few minutes that it was releasing its interest rate Decision in the direction of expectations between 5.25% and 5.5%. At the beginning of the year, an interest rate cut was expected for May, but the US data failed to progress in any way, which led to the inability to make an interest rate cut today. Along with the interest rate decision, there was no major movement in the Bitcoin price. Bitcoin, which was at $ 57,651 before the announcement, made a short move and fell to $ 57,350, but quickly recovered. In parallel with Bitcoin, there was a small decline in altcoins as well, followed by an upward movement of close to 1%. Economists think that there will be no interest rate cut in September in the current situation in the US.
Tesla, one of the world’s largest electric car manufacturers, has updated its official website to include Dogecoin (DOGE) as a payment option. According to the official website, Tesla products can be purchased using American Express, Discover, Mastercard, Visa, Apple Pay, and now, Dogecoin. However, Dogecoin can only be used to purchase certain products and not Tesla cars.
Tesla now accepts Dogecoin as a payment option for certain products, marking another significant step for the cryptocurrency in the mainstream market.