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.
BTC Price Update (4 hours time frame):-
As per our previous chart, BTC failed to hold the 21 MA support but it has formed a support line at $41750 and from this range, BTC could once again possibly try to test the $44k resistance level.
If BTC fails to hold this support and break below it then the next possible support will be $40700.
We can see a possible bounce from either of these levels.
This chart will get invalidated if BTC breaks and close below the $40700 support.
As per our previous chart, BTC failed to hold the 21 MA support but it has formed a support line at $41750 and from this range, BTC could once again possibly try to test the $44k resistance level.
If BTC fails to hold this support and break below it then the next possible support will be $40700.
We can see a possible bounce from either of these levels.
This chart will get invalidated if BTC breaks and close below the $40700 support.
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Pro Analysis
BTC Price Update (4 hours time frame):- As per our previous chart, BTC failed to hold the 21 MA support but it has formed a support line at $41750 and from this range, BTC could once again possibly try to test the $44k resistance level. If BTC fails to hold…
BTC Quick Update:
BTC bounced back from $40700 support as expected. It is once again testing the 21 MA resistance. A break through the 21 MA will confirm a rally towards $45k resistance.
All we need is a close above $43k level.
BTC bounced back from $40700 support as expected. It is once again testing the 21 MA resistance. A break through the 21 MA will confirm a rally towards $45k resistance.
All we need is a close above $43k level.
Pro Analysis
BTC Quick Update: BTC bounced back from $40700 support as expected. It is once again testing the 21 MA resistance. A break through the 21 MA will confirm a rally towards $45k resistance. All we need is a close above $43k level.
BTC quick update:
BTC got rejected once again from the 21 MA. It may possibly test the $40700 support level. This will be the 6th time BTC is testing the 21 MA which ain’t a good sign.
This time if BTC fails to bounce back from the $40700 level then things will turn bearish.
Be carely if you guys are holding any trades and use stop loss to avoid loosing money.
Stay tuned for more updates.
BTC got rejected once again from the 21 MA. It may possibly test the $40700 support level. This will be the 6th time BTC is testing the 21 MA which ain’t a good sign.
This time if BTC fails to bounce back from the $40700 level then things will turn bearish.
Be carely if you guys are holding any trades and use stop loss to avoid loosing money.
Stay tuned for more updates.
BTC Price Update:
In our previous chart we indicated that BTC might possibly test the $40700 level and it did as expected. We saw a sudden 7% pump in BTC ignoring all the bearish move.
Currently, BTC broke above the 21 MA & 50 MA and currently retesting. If BTC continues to rally then we may possibly see BTC breaking the $44600 to $45k level soon.
Stay tuned.
In our previous chart we indicated that BTC might possibly test the $40700 level and it did as expected. We saw a sudden 7% pump in BTC ignoring all the bearish move.
Currently, BTC broke above the 21 MA & 50 MA and currently retesting. If BTC continues to rally then we may possibly see BTC breaking the $44600 to $45k level soon.
Stay tuned.
On-chain data shows that HODLers sentiment is still the same - accumulation continues. Short-term HODLers are increasing the number of their Bitcoin holdings very dynamically. Medium-term HODLers also increasing amount of their BTC. Long-term HODLers back to accumulation. We are still in the Bull market. Try to increase your position whenever extreme fear is on the market, and people are scared to buy. Some of them sell in panic. This could be the best time to accumulate more Bitcoin.
Quick update on BTC:
BTC is going a expected. Broke out of the trendline but got rejected from an old resistance level ($44k). BTC has to break above the $44k resistance in order to continue the bullish move.
A break through will lead the price to $46k to $48k and a rejection will once again drop the price at $42700 (21 MA & 50 MA).
BTC is going a expected. Broke out of the trendline but got rejected from an old resistance level ($44k). BTC has to break above the $44k resistance in order to continue the bullish move.
A break through will lead the price to $46k to $48k and a rejection will once again drop the price at $42700 (21 MA & 50 MA).