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).
El Salvador officially starts the first Bitcoin mining from the volcanode.
We’re still testing and installing, but this is officially the first #Bitcoin mining from the #volcanode 🌋
We’re still testing and installing, but this is officially the first #Bitcoin mining from the #volcanode 🌋
Pro Analysis
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…
BTC is going crazy. Like we expected a break through push the price up to $47777. BTC is almost 8.5% up from the breakout point ($44039).
BTC update:
We saw some crazy pump coming in lately in BTC. This took the entire market by surprise.
Currently, BTC is facing a resistance at $47925 and this might possibly be a level from where we will see some retracement in the BTC price.
If BTC show some retest from this level then the possible retest zone will be $45800, and $44200.
On the other hand, if BTC breaks the resistance level ($47925) then we may see BTC testing the $49k to $51k levels.
The daily close above $48k will be amazing.
We saw some crazy pump coming in lately in BTC. This took the entire market by surprise.
Currently, BTC is facing a resistance at $47925 and this might possibly be a level from where we will see some retracement in the BTC price.
If BTC show some retest from this level then the possible retest zone will be $45800, and $44200.
On the other hand, if BTC breaks the resistance level ($47925) then we may see BTC testing the $49k to $51k levels.
The daily close above $48k will be amazing.
Pro Analysis
DODO/USDT new trade: DODO is at the breakout point and it likely to reach 15% to 20% up from the price. Enter at $1.259 to $1.286 Targets: $1.331 $1.428 $1.519 SL: $1.176 Buy the dip and stay close to your SL.
DODO Profit update:
Target 1: ✅
Rest targets pending.
DODO is making its move perfectly as we expected. If BTC remains stable then we can expect DODO hitting all our targets soon.
Hope you guys booked some profits.
Stay close to your SL and don't FOMO.
Target 1: ✅
Rest targets pending.
DODO is making its move perfectly as we expected. If BTC remains stable then we can expect DODO hitting all our targets soon.
Hope you guys booked some profits.
Stay close to your SL and don't FOMO.
Pro Analysis
DODO/USDT new trade: DODO is at the breakout point and it likely to reach 15% to 20% up from the price. Enter at $1.259 to $1.286 Targets: $1.331 $1.428 $1.519 SL: $1.176 Buy the dip and stay close to your SL.
DODO/USDT
Target 1: ✅
Target 2: ✅
Target 3: Pending...
Congrats, guys!
Target 1: ✅
Target 2: ✅
Target 3: Pending...
Congrats, guys!
BTC Update:
BTC is facing some heavy resistance here. In 4 hours time frame, BTC and RSI are showing a bearish divergence. The last time when BTC and RSI showed bearish divergence, the price dropped almost -16%. If BTC drops from the current resistance level then we can expect a -7% to -12% drop.
A breakout on the other hand will push the price to $50k to $52k resistance levels.
Stay close to your SL if any trades are open and do not use high leverage.
Stay tuned, more updates coming in.
BTC is facing some heavy resistance here. In 4 hours time frame, BTC and RSI are showing a bearish divergence. The last time when BTC and RSI showed bearish divergence, the price dropped almost -16%. If BTC drops from the current resistance level then we can expect a -7% to -12% drop.
A breakout on the other hand will push the price to $50k to $52k resistance levels.
Stay close to your SL if any trades are open and do not use high leverage.
Stay tuned, more updates coming in.
Pro Analysis
ATA/USDT Short Trade setup: Enter: $1.0764 to $1.1132 Targets: $1.02 $0.98 $0.92 $0.88 Stop Loss: $1.135 Accumulate the top to average your entry.
ATA profit update:
Target 1: ✅
Target 2, 3, and 4 pending.
1 booked, 3 more to go.
Target 1: ✅
Target 2, 3, and 4 pending.
1 booked, 3 more to go.
Pro Analysis
ATA/USDT Short Trade setup: Enter: $1.0764 to $1.1132 Targets: $1.02 $0.98 $0.92 $0.88 Stop Loss: $1.135 Accumulate the top to average your entry.
ATA profit update:
Target 1: ✅
Target 2: ✅
Target 3 & 4 pending.
Congratulations guys. Enjoy the profits.
Two more to go.
Target 1: ✅
Target 2: ✅
Target 3 & 4 pending.
Congratulations guys. Enjoy the profits.
Two more to go.
On the daily chart, the whale rate on the exchanges is alarming, value indicates 0.5219! Values above 0.5 bring BTC selling pressure by whales in the market, can be bearish for a while. (Here marked a few examples from the past.) Altcoin purchases may come with the sold reserves. Do not forget to set a stop loss in your short-term investments!
Pro Analysis
BTC Update: BTC is facing some heavy resistance here. In 4 hours time frame, BTC and RSI are showing a bearish divergence. The last time when BTC and RSI showed bearish divergence, the price dropped almost -16%. If BTC drops from the current resistance level…
BTC update:
I hope you guys have not forgotten our previous update.
BTC is above our resistance level but somehow it isn't convincing. The formation of the bearish divergence in the BTC chart, the riding wedge pattern in BTC dominance and the bullish divergence in USDT dominance (which we will post later) is seriously indicating something severe.
It would be surprising if BTC breaks above it's recent previous high ($52944). If it happens then we can expect a different scenario overall.
The market can move in any direction so be ready.
Stay tuned, more updates coming in.
I hope you guys have not forgotten our previous update.
BTC is above our resistance level but somehow it isn't convincing. The formation of the bearish divergence in the BTC chart, the riding wedge pattern in BTC dominance and the bullish divergence in USDT dominance (which we will post later) is seriously indicating something severe.
It would be surprising if BTC breaks above it's recent previous high ($52944). If it happens then we can expect a different scenario overall.
The market can move in any direction so be ready.
Stay tuned, more updates coming in.
SEC Chief Says the U.S. Won't Ban Cryptocurrencies
Securities and Exchange Commission Chair Gary Gensler has had multiple dust-ups with crypto firms but even he says the U.S. won’t follow China’s lead in banning digital tokens.
Gensler said Tuesday that the government’s focus is on ensuring that the industry adheres to investor and consumer protection rules, anti-money laundering regulations and tax laws. He made the comments at a House hearing after a Republican lawmaker asked if a China-like prohibition was on the table in the U.S.
“Our approach is really quite different,” Gensler said. He added that any ban would probably have to be legislated by Congress.
Source~ Bloomberg
Securities and Exchange Commission Chair Gary Gensler has had multiple dust-ups with crypto firms but even he says the U.S. won’t follow China’s lead in banning digital tokens.
Gensler said Tuesday that the government’s focus is on ensuring that the industry adheres to investor and consumer protection rules, anti-money laundering regulations and tax laws. He made the comments at a House hearing after a Republican lawmaker asked if a China-like prohibition was on the table in the U.S.
“Our approach is really quite different,” Gensler said. He added that any ban would probably have to be legislated by Congress.
Source~ Bloomberg
Pro Analysis
BTC update: I hope you guys have not forgotten our previous update. BTC is above our resistance level but somehow it isn't convincing. The formation of the bearish divergence in the BTC chart, the riding wedge pattern in BTC dominance and the bullish divergence…
BTC Update:
In our previous post we said that the market can move in any direction so be ready.
Well, it certainly did and it was on the bullish side.
BTC invalidated all the bearish scenarios and claim it's rally towards the $52944 resistance level. Currently, BTC is at $51270 which is close enough to the resistance. Wondering if BTC could break above the resistance. The daily close was above $51400 which is a good sign but we must keep in mind that a correction is still pending after this 27% pump in BTC price from $40750 to $51914.
So, let us not judge things too quickly but rather wait patiently.
Stay tuned for more updates.
In our previous post we said that the market can move in any direction so be ready.
Well, it certainly did and it was on the bullish side.
BTC invalidated all the bearish scenarios and claim it's rally towards the $52944 resistance level. Currently, BTC is at $51270 which is close enough to the resistance. Wondering if BTC could break above the resistance. The daily close was above $51400 which is a good sign but we must keep in mind that a correction is still pending after this 27% pump in BTC price from $40750 to $51914.
So, let us not judge things too quickly but rather wait patiently.
Stay tuned for more updates.
MicroStrategy confirm that buying/ holding bitcoin is now their primary corporate business strategy in a letter to the FASB, with growing their analytics software second.
MicroStrategy said we now pursue two corporate strategies in the operation of our business:
(1)to acquire and hold bitcoin, which we view as a store of value, supported by a robust and public open-source architecture, that is untethered to sovereign monetary policy and can therefore serve as a hedge against inflation and
(2) to grow our enterprise analytics software business to promote our vision of Intelligence Everywhere. "
The history of Bitcoin will never forget MicroStrategy
https://old.reddit.com/r/Bitcoin/comments/q29mq5/microstrategy_confirm_that_buying_holding_bitcoin/
MicroStrategy said we now pursue two corporate strategies in the operation of our business:
(1)to acquire and hold bitcoin, which we view as a store of value, supported by a robust and public open-source architecture, that is untethered to sovereign monetary policy and can therefore serve as a hedge against inflation and
(2) to grow our enterprise analytics software business to promote our vision of Intelligence Everywhere. "
The history of Bitcoin will never forget MicroStrategy
https://old.reddit.com/r/Bitcoin/comments/q29mq5/microstrategy_confirm_that_buying_holding_bitcoin/
reddit
MicroStrategy confirm that buying/ holding bitcoin is now their...
In a recent letter to the FASB found...