Author: dfmines

Bitcoin is struggling to recover above $57,500 against the US Dollar. BTC is declining and could accelerate lower below $55,000 in the near term. Bitcoin is facing resistance near the key $58,000 and $57,500 levels. The price is now trading below $57,500 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $57,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure and might slide further below $55,500 in the near term. Bitcoin Price Faces Hurdles Bitcoin price attempted another upside break above the $58,000 resistance zone. However, BTC failed to gain strength for a clear move above the $57,500 and $58,000 levels. A high was formed near $57,850 and the price started a fresh decline. There was a break below the $57,500 and $57,200 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $55,362 swing low to $57,850 high. Bitcoin is now trading below $57,500 and the 100 hourly simple moving average. There is also a crucial bearish trend line forming with resistance near $57,300 on the hourly chart of the BTC/USD pair. An immediate support is near the $56,300 level. It is close to the 61.8% Fib retracement level of the upward move from the $55,362 swing low to $57,850 high. The first major support is now forming near the $56,000 level. The main breakdown support is still near the $55,500 level. Source: BTCUSD on TradingView.com A downside break below the $55,500 level could spark more losses. In the stated case, the price might even decline below the $55,000 level. The next major support could be near the $53,200 level. Upside Limited In BTC? If bitcoin stays above the $55,500 support, it could attempt a fresh recovery wave. On the upside, an initial resistance is near the $57,000 level. The first key resistance is near the $57,500 level and the trend line zone. The next major resistance sits near the $57,850 level and the 100 hourly simple moving average, above which the price might rise towards the $59,200 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is below the 50 level. Major Support Levels – $56,000, followed by $55,500. Major Resistance Levels – $57,200, $57,500 and $58,000.

This week, I only get 200 on my paycheck. 2 days off because an injury, 2 days off because of holidays. My plan is to buy 200 of ETH to convert this week into a full week. Should work out! submitted by /u/Dysdrone [link] [comments]

Are there any 3rd party options to convert my assets into FIAT If anything funky happens with the banks? What are the chances for banks to stop operate under a civil war or something half the magnitude of a civil war? Which one is better to convert? $,€,£? Is there any blueprint or survival manual…
Read more

So I definitely get why gas fees are "high" on Ethereum's base layer (it's useful). Also that the goal of the layer 2's will be to combine many transactions into a single transaction on the base layer so that base layer gas fees are distributed across the transactions, so each layer 2 transaction costs less…
Read more

The chairman of Australia’s Securities and Investments Commission (ASIC) says crypto is “being driven by extraordinary consumer and investor demand,” noting that “The implications for consumers are potentially huge.” The securities regulator is currently working with lawmakers to develop rules for cryptocurrencies. Regulator Sees ‘Extraordinary Consumer and Investor Demand’ for Crypto Australian Securities and Investments […]

I bought 5 ETH in january, it was my first real investment in crypto and investing in general. I looked at the charts every minute of everyday for 2 weeks straight. I was going crazy of fear, fear that I would loose all my hard earned money… So I sold with a loss.. Looking back…
Read more

As part of the sponsorship deal with SCC Napoli, the Floki Inu logo will be featured on the back of the football team’s jersey and across LED signs at the team’s home stadium.

I am planning to deploy a Dapp. The mainnet will be too expensive to use (until 2.0, I hope) due to the gas fees. Which layer network would you guys recommend? What are you actually using on those networks? Edit: the data which is stored on the contracts is arbitrare, strings, arrays etc. So I…
Read more

Government officials waffling about the crypto tax that’s set to come into effect in 2022 has created a maelstrom of conflicting reports that even officials can’t seem to keep track of.

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