Pro Analysis
BTC update: BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $40900 support but it dropped further down till $39600. From that level, we saw a quick bounce and currently…
BTC quick update:
Finally BTC is above the 21 MA but still it has a bigger challenge to face and that is the $44k resistance. Once if BTC breaks this resistance and closes above it then we consider some bullish confirmation.
The daily close above $44k level would be a good sign. BTC is still under the resistance so be careful.
Finally BTC is above the 21 MA but still it has a bigger challenge to face and that is the $44k resistance. Once if BTC breaks this resistance and closes above it then we consider some bullish confirmation.
The daily close above $44k level would be a good sign. BTC is still under the resistance so be careful.
Like we mentioned in our previous post, BTC has a bigger challenge to face, the $44k resistance level. We can see it in the chart that BTC tried to break the resistance multiple times and it is still continuing to do so. This shows the pressure coming in towards the sellers side which means bulls are trying to dominate the bears. Another bullish sign backing the bulls are the bullish crossover which can possibly happen soon and if everything works well then we may see BTC breaking the $44k resistance before the daily close.
On the other hand, a rejection might lead the price back to $42k.
More updates coming in so stay tuned.
On the other hand, a rejection might lead the price back to $42k.
More updates coming in so stay tuned.
Pro Analysis
Like we mentioned in our previous post, BTC has a bigger challenge to face, the $44k resistance level. We can see it in the chart that BTC tried to break the resistance multiple times and it is still continuing to do so. This shows the pressure coming in towards…
Breakout! All we need is a close above this resistance.
BTC 4 hours chart update:
What a dump it is to start the weekends.
A straight -6.66% dump so far. This is absolutely crazy! Our previous 2 hours chart got invalidated and BTC headed towards the rejection back to $42k and it is not done yet.
Now, in 4 hours timeframe, there is a possibility that BTC can reach $40k to $41k level and then show some positive bounce. That will be a crucial level and BTC must bounce back because if it doesn't then the next support in the chart is the $38k level.
This is the reason why we always tells you to be careful with your trades and use SL to be on the safer side.
What a dump it is to start the weekends.
A straight -6.66% dump so far. This is absolutely crazy! Our previous 2 hours chart got invalidated and BTC headed towards the rejection back to $42k and it is not done yet.
Now, in 4 hours timeframe, there is a possibility that BTC can reach $40k to $41k level and then show some positive bounce. That will be a crucial level and BTC must bounce back because if it doesn't then the next support in the chart is the $38k level.
This is the reason why we always tells you to be careful with your trades and use SL to be on the safer side.
In 1921, American industrialist Henry Ford predicted about the inception of an "energy Currency" that could form the basis of a new monetary system. The new system would replace gold and break the banking giants hold on global wealth. He wants to build the world's greatest power plant and create a new currency system based on units of power, Bitcoin have met those ideas.
Bitcoin is surely replace gold and break the banking giants sooner or later.
Bitcoin is surely replace gold and break the banking giants sooner or later.
12 Terms Every Crypto Trader Should Know
•Fear, Uncertainty, and Doubt (FUD): Spreading of fear and misinformation to gain an advantage.
•Fear Of Missing Out (FOMO): The emotion you feel when you panic buy.
•HODL: Buy and hold on to it for a long time!
•BUIDL: Keep your head down and build the next financial system.
•SAFU: Funds are safe!
•Return on Investment (ROI): How much money you are making (or losing).
•All-Time High (ATH): The highest price ever recorded!
•All-Time Low (ATL): The lowest price ever recorded.
•Do Your Own Research (DYOR): Don't trust, verify.
•Due Diligence (DD): Smart people make decisions based on facts.
•Anti Money Laundering (AML): Regulations that prevent criminals from hiding their money.
•Know Your Customer (KYC): Regulations that make exchanges verify your identity
•Fear, Uncertainty, and Doubt (FUD): Spreading of fear and misinformation to gain an advantage.
•Fear Of Missing Out (FOMO): The emotion you feel when you panic buy.
•HODL: Buy and hold on to it for a long time!
•BUIDL: Keep your head down and build the next financial system.
•SAFU: Funds are safe!
•Return on Investment (ROI): How much money you are making (or losing).
•All-Time High (ATH): The highest price ever recorded!
•All-Time Low (ATL): The lowest price ever recorded.
•Do Your Own Research (DYOR): Don't trust, verify.
•Due Diligence (DD): Smart people make decisions based on facts.
•Anti Money Laundering (AML): Regulations that prevent criminals from hiding their money.
•Know Your Customer (KYC): Regulations that make exchanges verify your identity
Pro Analysis
BTC 4 hours chart update: What a dump it is to start the weekends. A straight -6.66% dump so far. This is absolutely crazy! Our previous 2 hours chart got invalidated and BTC headed towards the rejection back to $42k and it is not done yet. Now, in 4 hours…
BTC price update and the next possible move:
In our previous post, we analyzed that BTC can reach between $40k to $41k and then a positive bounce. BTC dropped till $40683 and then bounced back to $43242.
Currently, it is struggling to break above the 21 MA. If it fails to break above it then we may possibly see BTC dropping down to $41k. A breakout on the other hand will be great.
Keep an eye on the $42k to $43k range.
In our previous post, we analyzed that BTC can reach between $40k to $41k and then a positive bounce. BTC dropped till $40683 and then bounced back to $43242.
Currently, it is struggling to break above the 21 MA. If it fails to break above it then we may possibly see BTC dropping down to $41k. A breakout on the other hand will be great.
Keep an eye on the $42k to $43k range.
Pro Analysis
BTC price update and the next possible move: In our previous post, we analyzed that BTC can reach between $40k to $41k and then a positive bounce. BTC dropped till $40683 and then bounced back to $43242. Currently, it is struggling to break above the 21 MA.…
BTC is hovering below the 21 MA in 4 hours TF. Let's see if the daily close will be above the $43k or below it.
BTC update:
BTC failed to close above the $43k. It actually did not even reach $43k in the last 24 hours. Now, it is barely holding the $42k level.
The current price action is forming two possible scenarios for BTC.
Scenario 1: In scenario 1, BTC might pull down a little to test the lower support at $41k and then bounce back towards the $44k.
Scenario 2: In scenario 2, if BTC fails to hold the support at $41k then BTC might possibly drop up to $38k which is a strong support for BTC.
We are out of all our futures, and margin trading as for now. Keep an eye on the $41k support level. If we see any confirmed bounce then entries in the altcoins for a short period of time will be possible.
Stay tuned for more updates.
BTC failed to close above the $43k. It actually did not even reach $43k in the last 24 hours. Now, it is barely holding the $42k level.
The current price action is forming two possible scenarios for BTC.
Scenario 1: In scenario 1, BTC might pull down a little to test the lower support at $41k and then bounce back towards the $44k.
Scenario 2: In scenario 2, if BTC fails to hold the support at $41k then BTC might possibly drop up to $38k which is a strong support for BTC.
We are out of all our futures, and margin trading as for now. Keep an eye on the $41k support level. If we see any confirmed bounce then entries in the altcoins for a short period of time will be possible.
Stay tuned for more updates.
Nayib Bukele: Chivo Bitcoin Wallet Has Now More Active Users Than Any Salvadorian Bank
According to El Salvador's president, more than two million locals are already actively using the Bitcoin wallet Chivo
In just three weeks, roughly one-third of El Salvador’s population has started to employ the Bitcoin wallet Chivo actively. As such, the country’s president updated that more people will soon be using the app than they have bank accounts in all local banking organizations combined.
According to El Salvador's president, more than two million locals are already actively using the Bitcoin wallet Chivo
In just three weeks, roughly one-third of El Salvador’s population has started to employ the Bitcoin wallet Chivo actively. As such, the country’s president updated that more people will soon be using the app than they have bank accounts in all local banking organizations combined.
Pro Analysis
BTC update: BTC failed to close above the $43k. It actually did not even reach $43k in the last 24 hours. Now, it is barely holding the $42k level. The current price action is forming two possible scenarios for BTC. Scenario 1: In scenario 1, BTC might…
So, BTC followed Scenario 1 as per our previous post. A drop till $41k and then a quick bounce.
The good thing is that BTC is above the 21 MA and if it holds this level ($43k+) till the weekly close then We will soon see BTC reaching $44-$45k.
All we need is BTC to hold the 21 MA to stay bullish.
The good thing is that BTC is above the 21 MA and if it holds this level ($43k+) till the weekly close then We will soon see BTC reaching $44-$45k.
All we need is BTC to hold the 21 MA to stay bullish.
So far so good.
BTC is at the resistance right and from this point, a breakout will lead the price to $45k and a rejection will drop the price back to $42k to $40k.
Interesting thing is, if BTC goes bullish from here and breaks above the $45 resistance then BTC will once again will push towards the $52k.
Let's be prepared for both the scenarios. We will keep things posted so stay tuned.
BTC is at the resistance right and from this point, a breakout will lead the price to $45k and a rejection will drop the price back to $42k to $40k.
Interesting thing is, if BTC goes bullish from here and breaks above the $45 resistance then BTC will once again will push towards the $52k.
Let's be prepared for both the scenarios. We will keep things posted so stay tuned.
BTC update:
BTC failed to break above the resistance but here's an interesting to see. BTC has formed a trendline where we can clearly see that it broke above the dotted trendline and now it is retesting the trendline again. From this point a bounce will once again try to break the $44k resistance. But if BTC fails to hold this support then $40k will be around the corner.
In the current support ($43k), we also have the 21 MA which make it a critical level.
BTC failed to break above the resistance but here's an interesting to see. BTC has formed a trendline where we can clearly see that it broke above the dotted trendline and now it is retesting the trendline again. From this point a bounce will once again try to break the $44k resistance. But if BTC fails to hold this support then $40k will be around the corner.
In the current support ($43k), we also have the 21 MA which make it a critical level.