Author: dfmines

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

I‘m really interested to know this. Is it harsh regulations from big countries? Your favorite crypto project dumping and never recovering? That crypto is a bubble waiting to burst? Loosing all your lifesavings? Not reaching that financial independence everyone is talking about? My biggest fear is that crypto is a bubble waiting to burst. I’m…
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Bitcoin price in a flash is near $50,000 once again, after several retests of $40,000 rounded support holding strong. Extreme bearish sentiment due to Evergrande, a rising dollar, and more left the market in extreme fear, and expecting the worst. The sudden surge took Bitcoin price more than 10% intraday from wick to wick, but technicals could suggest it is the start of something more. But before bulls are in the clear, there is a lingering bearish counter-signal that needs to be invalidated before a bigger rally can materialize. The top cryptocurrency made a surprise move this morning | Source: BTCUSD on TradingView.com Bitcoin Rallies 10% Intraday From Wick To Wick A fearful fractal resembling Black Thursday has appeared in Bitcoin price action, which also has certain hallmarks of Wyckoff re-distribution. At the same time, the leading cryptocurrency is holding at high timeframe resistance turned support, and could be breaking out of a bull flag. The indecision is felt in the sentiment, which has led to a confused community at odds with one another, depending on which side of the trade they are on. Related Reading | Astro Crypto: Summer Bitcoin Slump Could Bring Bountiful Fall Harvest $47 million worth of short positions were liquidated in what could have been a bull flag breakout, which has a target of closer to $80,000 per coin. Such a lofty target sounds shocking, but given the parabolic base-building in Bitcoin, isn’t impossible. And it all could be beginning now, if a bearish divergence can be invalidated before it confirms. Bulls must beware the bear div over the weekend | Source: BTCUSD on TradingView.com Bearish Divergence Warns Of Possible Retest, But Depends On Bullish Momentum The bearish divergence is on the daily RSI, but if there is enough strength, Bitcoin price will blast through it and it will be invalided. However, eager bulls should be wary of another plunge down due to the signal, which could ultimately retest the bull flag breakout as resistance turned support. The bull scenario is possibly more likely due to other signals. The LMACD has crossed bullish, and the daily RSI bounced off a descending trend line streaming from the top. Related Reading | Could A Bitcoin Bull Flag Leave Bears Blindsided? Bitcoin price has also tapped the Parabolic SAR on the daily timeframe, but volume has yet to arrive which could hint at a potential fake out or support the bearish divergence theory. What this all boils down to, is that anyone taking a position now would need to be cautious – at least until more clarity on direction is revealed.  Surpassing $53,000 on the daily timeframe should prime the top cryptocurrency for a pump toward the current ATH, which it might not stop at once it gets there. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Historical data suggests that October is a good month for Bitcoin bulls, and today’s push above $47,600 could be a signal of what’s to come for BTC and altcoins.

Coinbase customers affected recieved this email this morning: Unfortunately, between March and May 20, 2021, you were a victim of a third-party campaign to gain unauthorized access to the accounts of Coinbase customers and move customer funds off the Coinbase platform. At least 6,000 Coinbase customers had funds removed from their accounts, including you. In…
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why don't the miners fill all the blocks with transactions before confirming them? isn't it in their interest to get those tx fees? submitted by /u/iMnoTGudd [link] [comments]

The United States government appears keen to tame the rapidly growing stablecoin market, according to reports.

Imagine being sat at dinner and having a lovely conversation with your partner. Maybe the kids are chatting about school and telling you about their day. Then there’s a lull in the conversation as your wife goes to get pudding. I’ll just check the charts you think… I can’t remember the stop-loss on my multi-million…
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I get everyone is happy there’s some green today, but we just went back to where we were only a month ago. Everyone is taking about “the journey to $100k has begun!” and “the recovery is here!” but if you zoom out of the charts just a little bit, it doesn’t look all that great.…
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