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Ethereum Rejection Soon?Ethereum has gained with the rest of the crypto markets as stocks gain and the US dollar softens. We were able to pivot from $1288 back to $1341, where we are currently running into resistance. We actually saw resistance at every step of the way with this rally as confirmed by red triangles on the KRI. It is unlikely we will break out from this level, but if we do, then we have a wide gulf before testing the next level at $1424. If we reject current levels, anticipate support at $1288, then $1235.
BITSTAMP:ETHUSDShort
by quantguy
4
October 18 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw inflows totalling US$12m last week. Bitcoin is up 1.81% over the last 24 hours and rose to an intraday high of $19,677.65. The United States equities markets and the cryptocurrency market have made a positive start to the new week after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, suggesting the investors are optimistic about the corporate earnings season. Bitcoin is trading above the 20-day exponential moving average ($19,450), and the bulls are trying to extend the recovery above the 50-day simple moving average ($19,677). If they succeed, Bitcoin could rise to the $20,000 price level. Today’s Cryptocurrency Headline Ripple Begins Testing XRP Ledger Sidechain Ripple is testing an EVM-compatible XRP Ledger (XRPL) sidechain, which is currently live on Ripple’s developer network (devnet) and developers can test implementations before they go live on the main network. Ripple said the sidechain will be permissionless in early 2023, allowing anyone to join. Full deployment of the sidechain is planned for the second quarter of 2023. Ripple CTO David Schwartz said the goal in 2023 is to have the EVM sidechain connected to the XRPL mainnet. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Litecoin at the Base of the RangeLitecoin has equilibrated, tending to the lower bound of the range it has been holding for the past month. This lower bound was breached as CPI data on Thursday rocked the entire crypto market. Incredible volatility was introduced but we were quickly able to reestablish equilibrium. We are currently seeing support at $50.64, which is the final technical level in the $50's. We are likely to see further resistance from $51.92, but if we can break through that, we will recover the range between these two lower levels and $55.84, which we anticipate will hold as an upper bound.
BITSTAMP:LTCUSDShort
by quantguy
2
Ethereum Struggles with the $1300'sEthereum got a boost from $1288, after testing below it briefly. We saw green triangles on the KRI as we dipped below this level, confirming support. The Kovach OBV has flatlined, suggesting that we will need more momentum to reach higher levels, though we have recovered the bottom of the $1300 handle for now. We are running into resistance confirmed by two red triangles on the KRI around $1320, so unless ETH can find a burst of momentum, it is not likely that we will hold these levels. If we are able to break through then $1341 is the next target. Anticipate support at $1288 again, or below at $1235 if we retrace.
BITSTAMP:ETHUSDShort
by quantguy
2
Can Bitcoin Hold $19K?Bitcoin has equilibrated around the base of the $19K handle. This follows a great deal of volatility introduced by CPI last Thursday. We are seeing quite a few green triangles on the KRI at $19K indicating strong support here. But if we fall further, then $18.6K will provide support with $17.6K a floor price for now. A rally will encounter resistance at $19.5K, then $20K. The latter will provide significant resistance which we anticipate will be prohibitive at this time.
BITSTAMP:BTCUSDShort
by quantguy
2
October 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 0.41% over the last 24 hours and rose to an intraday high of $19,426.55. The largest cryptocurrency has been trading around the $19,000 price level during the weekend, suggesting the volatility caused by the inflation data has been reduced. For now, the BTC/USDT pair is trading slightly below the 20-day exponential moving average (EMA)($19,380), and the bulls are attempting to push the price above the $20,000 price level. Today’s Cryptocurrency Headline France Approves Société Générale to Operate Digital Asset Services French banking giant Société Générale has been approved to operate digital asset services through its fully integrated blockchain-focused subsidiary Société Générale Forge. The approval came from France’s financial market regulator ‘Autorité des Marchés Financiers (AMF). It was stated that the banking giant can now provide services to store, sell and trade digital assets through its subsidiary Société Générale Forge. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
BTC - You Decide; We Follow!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been stuck in a range between 18k and 20k for a couple of days. Bullish Scenario: For the bulls to take over, and start the minor / short-term correction upward, we need a momentum candle close above the blue zone. (20,500) In this case a movement till the H4 major high and supply zone in green would be expected. And then, for the bulls to remain in control, we need a break above the green zone (25,000) Bearish Scenario: Meanwhile, until the bulls take over, the bears can still kick and break below the 18k zone in red. In this case, further bearish movement would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
26
XRP Fibonacci analysis135 Million More XRP Added By Whales; Is Next Pump Near? XRP, Ripple’s native crypto price took a hit on Saturday following the broad sell sentiment in the digital asset market. However, this price drop has also broken the XRP’s long gaining run. The price movement has allowed crypto whales to add more XRP coins to their wallets. Whales’ fav choice, XRP? As per data, XRP price is up by 46% in the last 30 days. However, the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by 4% and 17% in the same period, respectively. Meanwhile, XRP price has dropped by around 4% in the last 24 hours. This price dip has spiked the interest of the whales. As per the Whale Alerts, more than 135 million XRO coins have been moved from several crypto exchanges to multiple unknown wallets. Over $66 million worth of XRP coins were bought by the whale wallets in the last 24 hours. The biggest transaction recorded by the tracker has been of a whale accumulating more than $19.1 million worth of XRP. The transaction took on the Bitstamp crypto exchange. However, more than 86 million XRP coins have been acquired by the whales from the same exchange. Whale Alert also reported that around 122 million XRP were moved from some unknown wallet to another. Meanwhile, $10.7 million worth of XRPs were moved from whale wallet to Bitstamp crypto exchange to sell. Is case rulings helping the coin? XRP is trading at an average price of $0.48, at the press time. It is 24 hour trading volume has dropped by 52% to stand at $1.02 billion. Despite facing the long runing legal battle with the SEC, Ripple’s XRP has managed to stay on the list of top 10 digital currencies. XRP is holding a market cap of $24 billion. However, the recent rulings in the crucial lawsuit have proved to be good for Ripple. It has pumped the investor’s sentiments in the favor of the XRP. Source: coingape
BITFINEX:XRPUSD
by MercaPlace
1
Litecoin Recovers the $50'sLitecoin tumbled through our support levels at the base of the $50 handle, testing $49, before a swift buy-back clawed back the $50 handle. We broke through our level at $50.64 and are currently testing $51.92. It appears as though we may recover the range it has been holding for the past month, between $51.92 and $55.84. We will need more momentum to come through before we can teset the upper bound again, where we expect resistance to hold. Otherwise, $50.64 should hold as a lower bound.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Claws Back the $1300'sEthereum dipped deep into the $1100's after US CPI indicated yet again that inflation remains high, beating expectations. The dip was swiftly bought back, and we recovered the $1200's almost immediately, breaking through our level at $1235. Currently, appear to be making a run for the high $1300's with $1341 a barrier for now. Readers should have been prepared for resistance here, as we have highlighted this level daily for a while. Red triangles on the KRI are confirming resistance at this level. If we break through, then the next target is $1424, but this is ambitious. If we retrace, $1235 should provide support.
BITSTAMP:ETHUSDShort
by quantguy
3
Bitcoin Recovers After SelloffBitcoin sold off sharply after US CPI showed that inflation was yet again hotter than expected. This confirms the Fed's rate hike trajectory, which some were hoping would pivot after signs of inflation cooling. Initially, Bitcoin sold off hard with the news, breaking through our level at $18.6K. But soon after the selloff, Bitcoin pivoted and recovered the losses. We quickly recovered back to the $19K's, breaking through $19.0K with ease and then $19.5K. Dedicated readers should have been prepared for resistance at $20K, as we have been highlighting this as a barrier for Bitcoin for a while. Sure enough, we are currently facing resistance here. We will need a lot more momentum to break through to recover the $20K's. Expect support in the $19K's, with $18.6K a floor price for now.
BITSTAMP:BTCUSDShort
by quantguy
Litecoin Breaks Support!Litecoin has slipped from support at $51.92, which has provided support all month. We are currently testing $50.64, which is a level we have mentioned many times here in these reports, and one dedicated readers should remember. This is our expectation for a lower bound, and if this does not hold the next support level is $45.48, deep in the $40 handle. If we are able to pivot from here, we must break through $51.92 again before considering $55.84 again, the upper bound of the range.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Awaits Inflation DataBitcoin is looking weak, but is holding strong around $19.0K exactly. We have been holding a narrow range around this level all week, with green and red triangles on the KRI around the highs and lows of range, respectively, to provide confirmation of consolidation of volatility. The entire markets are hinging on this CPI print, and crypto is no different. If CPI comes out hot, then this will confirm the Fed's hawkish stance and the markets will likely reel back yet again. A cooler print may indicate a peak in decades high persistent inflation that will give the markets the green light to rally. If so, $19.5K is the next target, but we do not anticipate much more momentum after that, with $20K a likely ceiling. If we reject current levels then $18.6K is likely to provide support with $17.6K a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
1
October 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the Crypto Losses Q3 2022 Report released by Immunefi, the crypto industry lost $2,328,917,230 so far in 2022. Bitcoin is up 0.63% over the last 24 hours and rose to an intraday high of $19,239.86. The producer price index increased 0.4% for September, compared with the Dow Jones estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. Investors will be focusing on Thursday's CPI report, which is expected to show annual inflation increasing 8.1%. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone. Today’s Cryptocurrency Headline Yuga Labs Faces Investigation From the SEC Yuga Labs, creators of Bored Ape Yacht Club NFTs, is facing a probe by the U.S. Securities and Exchange Commission into whether sales of some of its offerings violate federal law. The regulator is investigating whether certain assets released by Yuga Labs could be treated more like stocks and therefore should follow the same rules as stocks. Yuga Labs said in an email that it is committed to fully cooperating with any investigation. The opening of the probe is not a foregone conclusion; Yuga Labs has not been accused of wrongdoing and the probe may not result in a legal battle. It sits within the concept of wider scrutiny by the regulator over crypto-related activities. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
💸ETH/USDT 90%+?💸In the current analysis, we look at eth/usdt. We see a cumulative trend since June 14, with the biggest rise to $ 2,000 per eth. Then we dropped to level 61.8 of the biggest implus. We've been accumulating on this level for several days and eth won't go any further. After applying the next two fibo levels, at the level of $2532, we created a cluster. 0.618 of the last largest downward impulse and 1.618 of the last downward impulse. Considering the low risk / reward level, this is an interesting investment opportunity in my opinion
Long
by InvestMate
1