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    Thread: Nitro09'S Daily BTC Charts

    1. #11 Collapse Post
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      Fundamental & Technical Analysis of Bitcoin:
      On June 15, Bitcoin declined to a very nearly three-week low at $8,911.The cost empowered after and settled over the $9,000 handle regardless, the consistently light shut in the red with a 1.5% disaster.

      Near to this, the Relative Strength Index (RSI) remained level around 50 reflecting the nonattendance of inspiration to trade an obvious heading.

      On June 10, Bitcoin made a lower high at 10,002 highlighting bull's vacillating to control the worth movement. Seven days back, the computerized cash fail to rot to the lower trading zone hailing bear's deficiency at this stage.


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      Bitcoin bulls have lost the momentum , bitcoin has seen a major decline from our previous target of $9.7k. We expected BTC/USD to top around that level and it did. We can see on the 1H chart for BTC/USD that it already started a decline from there and is now at the bottom of the larger symmetrical triangle. This next move is very important because if we see a break below this triangle, all hell is going to break loose and very soon,for the past two days, Bitcoin traders and investors have been excited about “Paypal integrating Bitcoin”, “Wall Street switching to Bitcoin” and other false hopium. These are tricks and schemes that the market makers and whales use all the time to sucker in unsuspecting retail traders who fall for it over and over again, all the time. This time, the stakes are much higher and we are going to see an unprecedented crash which would also be in tandem with the next move down in the S&P 500 (SPX).

      ---------- Post added 06-25-2020 at 10:06 AM ---------- Previous post was 06-24-2020 at 07:24 PM ----------

      Measuring The True Impact Of The Blockchain

      . Tokenisation to be expected as one of the main trends in 2019

      . Can Blockchain change the way we shop online

      One of the main trends of 2019 is expected to be tokenisation. This can be anything from a pizza delivery service to artwork can be subjected to tokenisation. Along with AI development, tokenisation will give us an opportunity to order goods and services carried out by autonomous machines and pay with tokens for the completed work. If we take a look at a few aspects of day to day life that could be changed by both virtual assets and the blockchain.

      Customer Attitude

      Producers of goods and services are usually unable to predict consumer attitudes and behaviours. This can lead to a shortage or even an overproduction after billions have been built on building real-estate which ends up being unclaimed and abandoned.

      Smart devices have the ability to record and analyse data obtained from each other. Said data is based on the constantly changing behaviours and attitudes in consumers.

      Supply

      Shopping online is one of the biggest things in the modern world. Changes in the consumer's behaviour suggest a supply chain restructure. There are indications that warehouses and production should be located closer to the ‘city dwellers’ whereas delivery services should hire more employees than offline stores. But if you take into consideration the continuous development of AI and blockchain technology, this kind of work seemingly tends to be delegated to robots whose maintenance costs are expected to be lower than that of employees.

      “In order to implement such a scenario, we should give robots rights to make decisions and to dispose of small amounts of money, namely, tokens. The Ethereum infrastructure allows for interaction between humans and robots, as well as between robots and robots in the form of a smart contract. For example, your smart fridge orders fresh milk to be delivered by an autonomous drone every morning.”

      Ventures into New Markets

      Thanks to the blockchain, there are a lot of new markets that were once only available to professionals or those who retained their monopoly through expertise. On top of this, tokenisation will allow the creation of an equivalent of any value - this will include assets that haven’t previously been expressed in a digital form.

      “One of the most notable examples is carbon units, acting as the equivalent of CO2 emitted into the atmosphere by enterprises. Until recently, trade in these units was opaque and slow. Now blockchain allows them to be freely traded. This opens up a green capital market for countries, businesses, and even individual smart buildings for keeping records of their emissions.”

      ---------- Post added at 02:54 PM ---------- Previous post was at 10:06 AM ----------

      Is Bitcoin At $50,000 Possible? If Institutional Investors Jump In, Who Knows Where The Limit Is…

      . The world of crypto, and specifically bitcoin, have been going through somewhat of a slump these past few months.

      . The world of crypto, and specifically bitcoin, have been going through somewhat of a slump these past few months. The price of the leading cryptocurrency has been fluctuating between the $10,000 market and $9000 range but many enthusiasts and traders have got their hopes set on institutional adoption.

      Institutional adoption is almost vital for the price of bitcoin to potentially conquer new all-time highs. If institutions don’t get involved in the industry, BTC will only be owned by relatively ‘small’ investors. But talking to this end, Ryan Watkins from Messari crypto research talked about the potential spike in value if institutional investors get involved with bitcoin.

      Technically, this isn’t an impossible venture. When bitcoin hit $20,000 in 2017, people thought it would never hit such highs again and where as it hasn’t yet, who knows where the limit is?

      Watkins says that if these organisations opt to allocate at least 1% of their portfolio into bitcoin, it could result in a significant amount of cash floating in and pushing the price of BTC up to $50,000.

      ---------- Post added at 06:38 PM ---------- Previous post was at 02:54 PM ----------

      Bitcoin Bears Are Waiting To Strike


      Bitcoin is currently waiting to make the next big move as the price has bounced off a key S/R level and is now expected to remain within the symmetrical triangle for a while before the next decisive move. For now, the most probable scenario is that BTC/USD will make its next big move in tandem with the rest of the major financial markets i.e. the stock market and the forex market.On the stock market front, we have seen the S&P 500 (SPX) make some moves and it has recently declined below the rising wedge but this is not enough. We need to see follow through before we decide to be overly bearish on Bitcoin. Meanwhile, the EUR/USD forex pair is also primed for decline and it is only a matter of time that we see it formally begin the next downtrend.As aforementioned, these markets work in tandem and we are currently waiting on the stock and forex market to give Bitcoin the signal to begin the next big move. For now, it remains within the symmetrical triangle. The price of Gold (XAU/USD) has also shown signs of weakness but we have to see it break the uptrend. Soon as we see it do that, we can expect big movements in the cryptocurrency market as well which would present some very good opportunities to enter short positions on BTC/USD and ride it all the way down to $3k.


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      BTC/USD To Breach $9000 Again Soon ? _26 June 2020


      Bitcoin (BTC/USD) continued to experience volatility early in today’s Asian session as the pair remained pressured below the 9500 level after trading as low as the 8979.07 area during yesterday’s Asian session, its weakest print since 15 June. Stops were elected below the 9106.70 and 9086.97 areas during the sharp depreciation, representing the 76.4% and 78.6% retracements of the recent appreciation from 8895.01 to 9792.00. Larger Stops were triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00. Below current market activity, Stops were recently elected below the 8993.44 area during the pullback, representing the 61.8% retracement of the appreciation from 8106.70 to 10428, and additional Stops were triggered below the 8910.70 area, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are curious to see BTC/USD reacts around these levels when the market retests these areas.

      Moreover, Stops were reached below the 9028.89 area, an upside price objective related to buying pressure the originated around the 3858 area. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9394.38 and the 200-bar MA (Hourly) at 9404.69.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 10428.00/ 10661.23/ 10735.13 with Stops expected above.

      On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
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      Bitcoin Might Retest Trend Line Resistance One Last Time

      Bitcoin is ready to test the previously tested trend line resistance one last time before the downtrend begins. This happened the last time as well when BTC/USD ended up testing the top of the symmetrical triangle for the fourth time before it crashed below it. This time it appears to be doing the same as the price action is a lot similar to that of the fractal from March.The S&P 500 (SPX) also seems ready to climb back into the already broken symmetrical triangle one last time before the downtrend continues. However, the long-term outlook remains bearish. It has become very clear at this point that it is only a matter of time before we see a big move to the downside in both cryptocurrencies and stocks. The ultimate target for this year for BTC/USD would be a decline towards $3k. I expect it to decline slightly lower than that before it begins another uptrend.For a long time, investors and traders have gotten used to prolonged bull markets. Many are still in denial and refuse to recognize the gravity of the situation. However, we can now see that the second wave of Covid 19 is striking big metropolitans and cases are spiking again. Meanwhile, the EUR/USD forex pair has failed to flip bullish since July, 2019 while the US Dollar continues to strengthen. All of these developments point to one conclusion and that is an imminent decline in the cryptocurrency market in the weeks ahead, but for now we need for a retest of the trend line resistance one last time.

      ---------- Post added 06-30-2020 at 08:43 AM ---------- Previous post was 06-29-2020 at 06:42 PM ----------

      9189 And 9256 The BTC/USD Levels To Watch_30 June 2020

      Bitcoin (BTC/USD) remained pressured well below the 9500 level early in today’s Asian session as the pair remains unable to gain much traction above the 9200 area. Technical selling pressure emerged around the 9189.00 area early in yesterday’s Asian session, right around the 38.2% retracement of the recent depreciation from 9792.00 to 8815.01. The 9045.58 area represents the 23.6% retracement of this depreciating range, and traders will observe if BTC/USD will be able to derive any sustainable technical support around this area. Notably, the 8993.44 area is a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00, and the next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Recently resistance has been below the 9385.54 area, representing the 50% retracement of the recent depreciation from 9792.00 to 8979.07. Relatively large Stops were also triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00.

      Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9286.03 and the 50-bar MA (Hourly) at 9072.54.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      ---------- Post added 07-01-2020 at 07:53 AM ---------- Previous post was 06-30-2020 at 08:43 AM ----------

      BTC/USD Ends June Down More Than 4%_01 July 2020

      Bitcoin (BTC/USD) attempted to resume some recent upward pressure above the 9000 figure early in today’s Asian session as traders awaited additional clues regarding market sentiment. During yesterday’s Asian session, the pair escalated higher and tested the 9236.75 area, powered by bids that emerged around the 9014.00 level, right around the 78.6% retracement of the recent appreciation from 8632.93 to 10428.00. Traders are paying attention to the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. The next upside retracement levels in this depreciating range include the 9431.17 and 9621.51 areas, and technicians will carefully monitor these levels. Below current price activity, the 8993.44 area is a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00, and the next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Relatively large Stops have also recently been triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00.

      Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9262.54 and the 50-bar MA (Hourly) at 9124.08.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      ---------- Post added 07-02-2020 at 07:06 AM ---------- Previous post was 07-01-2020 at 07:53 AM ----------

      BTC/USD Traders Test 9303.51 Resistance_02 July 2020


      Bitcoin (BTC/USD) appreciated early in today’s Asian session as traders awaited fresh market sentiment to determine if the pair would begin July with a bullish or bearish market direction. Traders lifted the pair to the 9297.20 area, testing the 9303.51 area that represents the 50% retracement of the recent depreciation from 9792.00 to 8815.01. Short-term technical support has recently been concentrated around the 9075.65 and 9137.22 areas, representing the 38.2% and 23.6% retracements of the recent appreciation from 8815.01 to 9236.75. Traders are also observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. The next upside retracement levels in this depreciating range include the 9431.17 and 9621.51 areas, and technicians will carefully monitor these levels. Below current price activity, the 8993.44 area is a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00, and the next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428.

      Relatively large Stops have also recently been triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00. Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9204.26 and the 50-bar MA (Hourly) at 9145.32.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.


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      BTC/USD Bears Test 8928.81_03 July 2020



      Bitcoin (BTC/USD) recovered early in today’s Asian session as traders the pair moved back to the 9063.00 area after trading as low as the 8938.00 area during yesterday’s North American session. The 9237.66 area was tested a couple of times by traders and BTC/USD dropped precipitously from this area, one that represents the 61.8% retracement of the recent appreciation from 8895.01 to 9792.00. Traders lifted the pair with bids before it tested the 8928.01 area, representing the 76.4% retracement of the recent appreciation from 8815.01 to 9297.20. Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. The next upside retracement levels in this depreciating range include the 9431.17 and 9621.51 areas, and technicians will carefully monitor these levels. Below current price activity, the 8993.44 area is a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00, and the next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428.

      Relatively large Stops have also recently been triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00. Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9147.03 and the 100-bar MA (Hourly) at 9156.18.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.


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      Default BTC/USD Short-Term Dilemma At 9117.60_04 July 2020

      Bitcoin (BTC/USD) extended its recent defensive trading posture early in today’s Asian session as traders continued to wait to see if the pair would remain above the psychologically-important 9000 figure following its recent move lower to the 8938.00 area. One short-term range that traders are observing is the recent decline from 9297.20 to 8938.00, with some recent technical resistance seen just above the 9117.60 area that represents its 50% retracement. Above that level, traders will pay close attention to 9159.99 and 9212.43 levels as upside retracement areas. Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. The next upside retracement levels in this depreciating range include the 9431.17 and 9621.51 areas, and technicians will carefully monitor these levels. Below current price activity, the 8993.44 area is a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00, and the next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428.

      Relatively large Stops have also recently been triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00. Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9138.89 and the 200-bar MA (Hourly) at 9145.73.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.


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      Trading Anticipating BTC/USD Breakout - But Which Direction?_05 July 2020

      Bitcoin Bulls Have Finally Attacked

      Bitcoin (BTC/USD) slightly extended its downward pressure early in today’s North American session as the pair recently weakened to the 9039.84 area after running out of steam around the 9103.11 area during yesterday’s Asian session. Traders have kept the pair confined to a relatively tight range after it weakened from the 9297.20 area last week. Minor Stops were recently elected below the 9048.50 area, representing the 50% retracement of the recent appreciation from 8938.00 to 9159.00. Traders continue to observe the 9045.58 area as an important technical level that represents the 23.6% retracement of the recent depreciation from 9792.00 to 8815.01. One short-term range that traders are observing is the recent decline from 9297.20 to 8938.00, with some recent technical resistance seen just above the 9117.60 area that represents its 50% retracement. Above that level, traders will pay close attention to 9159.99 and 9212.43 levels as upside retracement areas. Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. The next upside retracement levels in this depreciating range include the 9431.17 and 9621.51 areas, and technicians will carefully monitor these levels. Below current price activity, the 8993.44 area is a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00, and the next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428.

      Relatively large Stops have also recently been triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00. Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9120.61 and the 50-bar MA (Hourly) at 9093.67.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

      ---------- Post added 07-06-2020 at 07:37 AM ---------- Previous post was 07-05-2020 at 09:37 AM ----------

      BTC/USD Bears Eyeing Some Longer-Term Targets Below 9000_06 July 2020


      Bitcoin (BTC/USD) remained relatively weak early in today’s Asian session as the pair continues to orbit the psychologically-important 9000 figure after being capped around the 9195.84 area during yesterday’s Asian session, just above the 9188.22 area that represents the 38.2% retracement of the depreciation from 9792.00 to 8815.01. Traders were unable to test the 9212.43 area during the brief move higher, a level that represents the 76.4% retracement of the recent depreciation from 9297.20 to 8838.00. Following the pair’s ongoing relative weakness, traders are carefully monitoring downside retracement levels including the 8695.01, 8680.35, and 8654.53 levels. Traders continue to observe the 9045.58 area as an important technical level that represents the 23.6% retracement of the recent depreciation from 9792.00 to 8815.01. One short-term range that traders are observing is the recent decline from 9297.20 to 8938.00, with some recent technical resistance seen just above the 9117.60 area that represents its 50% retracement. Above that level, traders will pay close attention to 9159.99 and 9212.43 levels as upside retracement areas. Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428.

      Relatively large Stops have also recently been triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00. Another important level is the 8910.70 area, and Stops were recently elected below this level, an upside price objective related to buying pressure that emerged around the 6456 area in April. Traders are carefully observing the 8763.44 and 8695.01 levels during additional moves lower. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

      Price activity is nearest the 50-bar MA (4-hourly) at 9111.91 and the 50-bar MA (Hourly) at 9088.16.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      ---------- Post added at 06:44 PM ---------- Previous post was at 07:37 AM ----------

      The bulls have finally charged and attacked the ranks and files of Bitcoin bears who have been parading around celebrating their short-lived victory over the bulls. We warned last week that the bearishness in BTC/USD would not last for long and that one final move to the upside was yet to be seen. Now that the new week has begun, Bitcoin has pumped past $9.2k and is eyeing further upside. Many bears were taken aback by this move but those that heeded our warning from last week are now prepared and in a better position to capitalize on this recent development.

      One of the external clues that convinced me recently that the market would make a big move today was a surge in the Shanghai Composite Index (SHCOMP). We have previously noted some correlation between Bitcoin and Chinese stocks and forex markets. This was a sign that the cryptocurrency market could piggy bank off of this move and sure enough it did. Now that the market is ready to surge higher, let’s talk about targets. As expected before, we are aiming for $9.4k near-term which would also coincide with a retest of the 50-moving average but the price could end up shooting towards $9.7k.

      Meanwhile, Bitcoin dominance (BTC.D) is starting to decline, also as we expected. Altcoin pairs are rallying against Bitcoin again. The EUR/USD forex pair has printed a similar fractal to one that we see on the Shanghai Composite Index and even Bitcoin. This goes on to show how these markets closely follow each other. We have been bullish on the S&P 500 (SPX) and had been expecting further upside. The stock market is well positioned for further upside from this point forward and we are looking forward to another bullish advance near-term.


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      The capitalization n USDC market exceeds 1 billion d & # 243; lares The capitalization n Market USD Coin (USDC), a stable cryptocurrency issued by Coinbase and Circle as part of the Center consortium, has exceeded 1 billion d & # 243; lares. The USDC has become the 18 & # 186; digital market asset with a capitalization n more than 1,000 million d & # 243; lares. The Center consortium claims that the financial crisis due to covid-19 at the macro level will trigger & # 243; a high demand for d & # 243; digital parts. The organization has companies from around the world that are beginning to explore the benefits of payments made through an entirely new, digital, global and interoperable infrastructure. . BlockFi doubles its monthly income The startup of pr & # 233; Cryptocurrency Stamos BlockFi has doubled its monthly income after # 233; s raise 30 million d & # 243; lares during a round of financing n of series B despite the coronavirus crisis. Seg & # 250; n the official announcement published on his blog, income is & # 225; n specifics related to the recent halving of bitcoin. The company ensures that this client has given rise to clients seeking the services of the company. Approximately 7,000 new accounts have received funds, driving the company's monthly growth by 25%, according to & # 250; n BlockFi. The company & # 237; a is intended to n to generate 50 million d & # 243; lares in revenue by the end of 2021.


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      BTC/USD Bulls Eyeing 9621.51_07 July 2020


      Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair continued to score gains above the psychologically-important 9000 figure. Buying pressure emerged around the 8905.84 area during yesterday’s Asian session, just below the 8918.20 area that represents the 78.6% retracement of the recent appreciation from 8815.01 to 9297.20. Traders lifted the pair as high as the 9352.15 area during yesterday’s North American session before some profit-taking emerged. If BTC/USD bulls are able to resume their upward momentum, some important price targets include the 9416.84, 9431.17, 9558.87, 9621.51, and 9734.61 areas. The 9530.47 and 9742.28 areas also upside price targets, representing the 50% and 38.2% retracements of the recent appreciation from 8632.93 to 10428.00. Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher.

      Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8695.01, 8680.35, and 8654.53 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating above the 100-bar MA (hourly) and below the 200-bar MA (hourly).

      Price activity is nearest the 200-bar MA (4-hourly) at 9383.89 and the 200-bar MA (Hourly) at 9131.61.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.


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      Default Upward BTC/USD Momentum Focused On 9558 And 9621_08 July 2020

      Bitcoin (BTC/USD) continued to maintain some progress above the psychologically-important 9000 figure early in today’s Asian session as traders contemplated the pair’s next moves following its recent high print around the 9379.34 area during yesterday’s Asian session. Traders are closely monitoring three recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas. Stops are likely in place above some of those technical levels, and traders will closely monitor upside momentum to determine which levels may be challenged and tested. A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation.

      Below current price activity, Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

      Price activity is nearest the 100-bar MA (4-hourly) at 9220.47 and the 50-bar MA (Hourly) at 9191.75.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

      ---------- Post added 07-09-2020 at 07:48 AM ---------- Previous post was 07-08-2020 at 08:52 AM ----------

      BTC/USD Longs Eyeing 9582.92 _09 July 2020



      Bitcoin (BTC/USD) extended recent gains above the psychologically-important 9000 figure early in today’s Asian session as bulls attempted to get back above the 9379.34 area that the pair peaked around earlier this week. Buying pressure emerged around the 9201.57 area during yesterday’s Asian session, a level it encountered when traders tested the 9198.46 area that represents the 38.2% retracement of the recent appreciation from 8905.84 to 9379.34. BTC/USD was capped in the short-term around the 9337.99 area, just below the 9338.59 area that represents the 78.6% retracement of the depreciation from 9375.90 to 9201.57. Traders are eyeing the 9418.79, 9516.43, and 9582.92 areas as upside price targets, as they represents the 61.8%, 76.4%, and 78.6% retracements of the recent depreciation from 9792.00 to 8815.01. Traders are closely monitoring three recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas. A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation. Following the pair’s recent movements, potential areas of technical support include the 9243.53, 9161.64, 9095.46, 9029.27, 8947.38, and 8935.04 levels.

      Below current price activity, Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

      Price activity is nearest the 200-bar MA (4-hourly) at 9361.27 and the 50-bar MA (Hourly) at 9280.43.

      Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below.

      Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above.

      On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

      On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.


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