Author: dfmines

submitted by /u/pyratesgold [link] [comments]

I personally couldnt get anything due to financial issues. I have to wait until the first of the month. I was feeling down and out for a while cause this was a good opportunity to dca for me right before the christmas and so on. Nevertheless I stop feeling that way since I know dips…
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Bitcoin started a fresh increase above $57,000 against the US Dollar. BTC could extend recovery and it might revisit the $60,000 resistance in the near term. Bitcoin started a fresh increase above the $57,000 and $57,500 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $54,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $60,000 resistance to continue higher in the near term. Bitcoin Price is Back above 100 SMA Bitcoin price found support near the $53,500 level and started a fresh increase. BTC broke the $55,000 resistance zone to start a decent recovery wave. There was a break above a key bearish trend line with resistance near $54,800 on the hourly chart of the BTC/USD pair. Besides, the pair surpassed the 50% Fib retracement level of the downward move from the $59,376 swing high to $53,576 swing low. It is now trading above $57,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $58,000 level. It is near the 76.4% Fib retracement level of the downward move from the $59,376 swing high to $53,576 swing low. The next key resistance is near the $58,500 level. A close above the $58,000 and $58,500 levels may possibly push the price towards $60,000. If there is a close above the $60,000 level, the price could accelerate higher. Source: BTCUSD on TradingView.com The next major resistance sits near the $61,200 level. Any more gains could lead the price towards the $62,000 level in the near term. Fresh Decline In BTC? If bitcoin fails to clear the $58,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $57,200 level. The first major support is now forming near the $56,500 level. The next major support is near the $56,000 level and the 100 hourly SMA, below which the price could resume its decline towards the $55,000 support. Any more losses may possibly push the price towards $53,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently in the overbought zone. Major Support Levels – $57,000, followed by $56,500. Major Resistance Levels – $58,000, $58,500 and $60,000.

The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would worry me most of all is, do the citizens of El […]

Britain’s crypto exchanges will be levied with a 2% tax which is likely to be passed on to investors warned CryptoUK.

My mother and I own a small clothing store in a touristic part of Mexico. I opened the store this morning at around 10:30AM (UTC-6) and right away a young couple walked into the store and started trying on a few jackets, after a while he selected three of them (about 60USD each) and approached…
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Bitcoin looks ready to rebound off a critical support level and if this happens select altcoins like BNB, LUNA, MANA and SAND may also attract buyers.

submitted by /u/Acceptable-Sort-8429 [link] [comments]

obligatory title Whenever people are shilling a great new coin that’s recently multiplied in marketcap that you’ve never heard of- just consider why they’re doing this. 4 million + subscribers here makes it easy to dump on someone new here. I know everyone likes to preach DYOR and to HODL for years, but be especially…
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