Bitcoin and ether have another rollercoaster week: Following a pop early in the week as the US Congress narrowly avoided a government shutdown, bitcoin and ether were up and down, settling around $27.5k USD and $1,600 USD, respectively, by Friday. Sam Bankman-Fried’s saga continues as trial starts: SBF’s criminal trial began this week in New York City. In...
Bipartisan Group in Congress urges spot Bitcoin ETF approval as SEC punts: Bitcoin saw a mid-week bump as a bipartisan group of Congressmembers urged SEC chair Gensler to immediately approve a Bitcoin ETF. The SEC delayed a number of spot ETF application decisions as a US government shutdown looms. By the end of the week, bitcoin was trending higher, sitting...
Bitcoin has an up-and-down week as Mt. Gox delays repayments: Bitcoin (BTC) started the week off rallying from $26.5k USD to $27.4k USD before paring its gains by Friday. Mt. Gox trustees delayed repayment of more than 140,000 BTC and other cryptos by a year, extending the deadline to October 2024. Fed holds rates steady as one more hike expected this year: ...
Franklin Templeton enters spot bitcoin ETF race: The asset manager with over a trillion dollars in assets under custody filed an application with the SEC to launch a spot bitcoin ETF, joining Blackrock, ARK Invest, VanEck and others. Web3 enthusiasts descend on Singapore for Token2049: Some of the largest names in the crypto space spoke at Token2049 this...
Bitcoin edges lower as SEC delays ETF decisions: Following a rush of excitement after Grayscale’s legal win against the SEC last week, bitcoin prices retraced below $26k USD as the SEC delayed its decisions on spot bitcoin ETF applications as expected. Spot ether ETF applications filed: ARK Invest and VanEck filed applications to launch a spot ether ETF...
Grayscale ETF ruling boosts BTC: A U.S.Court of Appeals ruled in favor of Grayscale in their lawsuit against the SEC, which challenged the agency’s denial of an application to convert Grayscale Bitcoin Trust (GBTC) to an ETF. GBTC is currently the largest Bitcoin fund with over $16.3 billion USD in AUM. The ruling led to higher prices for BTC. Powell...
Crypto prices tumble as negative news and liquidations hit market: Bitcoin moved sharply lower this week, dipping well below recent ranges, nearly hitting FWB:25K USD on Thursday before somewhat bouncing back. The downward price action followed a build up of negative news, including a report of large sales of BTC by SpaceX, the bankruptcy of Chinese...
DBI has been respecting the support and resistance of the Gann Fan line during its remarkable launch. Projections between October 23 and Feb 24 potential 60X Which will need an approx 8X in the number of token holders from 3450 to around 28,000 VERY, VERY achievable
Currently #Bitcoin is heading for a correction. Reasons being that; BTC inflow is HIGH BTC trading at overbought range. Theres a CME Gap at 19.9k - 20.8k The dollar index(DXY) Reversal Hence Bitcoin is looking for healthy correction here.. Anyone looking for a Short opportunity should consider placing a short at these ranges Short BTC : 20800 -...
Bitcoin seems bullish. Will this run continue? Before we get too bullish, I want us to be cognizant of a few caution flags I am seeing. 1. Daily RSI Overbought 2. Downtrend Resistance at $18,700, a key price. 3. Shorts Way Oversold! 4. S&P Resistance at huge Area of Confluence 5. Gary Gensler Gunning for Gemini and Genesis
One of the worlds favorite altcoins, Zcash, is about to start growing for several months... We have a very telling candle showing up 9-November, that is a bullish hammer with really high volume. Yesterday/Today, we are getting a repeat of this candle within a higher low. ( The bullish hammer is a reversal signal when it comes near/at support ) We also have a...
We are bullish on the DOGEUSDT pair but we are also seeing a potential recovery on the Dogecoin vs Bitcoin (DOGEBTC) pair... Do you remember this trade idea from late November 2022? ✳️ Dogecoin vs Bitcoin | Correction & New Bullish Wave Target 200%+ What we see on this chart is a classic ABC correction based on Elliot Wave Theory. After a bullish wave there...
The Ethereum Merge can easily move back above $1,400... This is easy but can it go above $2,000? This is possible with the upcoming bullish wave. Yes, yes, very likely... The merge tends to grow strong and since it is smaller than bitcoin it can also go higher percent wise. Bitcoin is king but the altcoins have higher potential for growth. What one does the...
When we look at the last three candles on the Litecoin vs USD chart (LTCUSD) we have a potential reversal pattern... Not yet complete/confirmed. If Litecoin were to close daily/today above $66 this would send out a strong bullish signal. Support was found at the 0.5 Fib. retracement level. While this isn't the 0.618 nor 0.786 Fib. level, when a pair is really...
I believe BAT will continue to fall for at least the next 20 days. It still has about 20% to go until we hit the floor on Gemini. What do you think?
Chainlink (LINKBTC) has been bullish since June 2022. We have a clear bottom pattern on this chart that is followed by an uptrend; currently within bullish consolidation. This week we have a full green candle, prices moving above EMA10 and bullish indicators... All pointing up. The targets are as follow: 1) 0.000511 2) 0.000699 3) 0.000887 Main...
We have Bitcoin Cash starting to wake up... We are looking at the BCHBTC pair. We have this descending channel which is very likely to break soon but still holding. Today we have a new All-Time Low followed by a recovery while prices lurk above EMA10. I believe we already looked at the bullish divergence with the MACD and RSI... Once we reach bottom... What...
This wedge could attempt to retest its top trendline for support..if it does the trendline is currently around 38k. As long as we can maintain 35.5k as support worst case scenario then the bull market should be maintained. No guarantee we will be dipping to these levels though.