The sub is blowing up as BTC has dropped to a low we were not expecting etc etc.. FUD is dropping from left right and center and we are expecting a further contraction in the global markets. Yes the BTC $100k dream is long dead for now but that doesn’t mean your investment isn’t a…
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submitted by /u/kennyhonest [link] [comments]
We can look at the chart and realize we are in a downtrend, but i'm still very bullish with BTC. We are having lower highs and lower lows but that's just part of the sword reversal pattern. As soon as we start to break through the key resistance levels on our blue line, we are…
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The first DEX on Cardano launched on the mainnet today to allow traders to perform swaps and add liquidity, but network congestion has slowed transactions processing.
submitted by /u/ShotBot [link] [comments]
Cheers boys. This is just my new normal now. On the bright side I decided on getting an RTX 3080 instead of putting another $1k in. Got some good games coming out within the next 6 weeks. What are some of y’alls hobbies to get your mind off crypto. I honestly wouldn’t know how to…
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Everyone keeps talking about the fear and fear index and repeating "buy when there is fear, sell when there is greed". All I see around several many crypto subs is "Buy the dip!", and "I'm filling my bags!", "Fire sale!". None of this sounds like fear, let alone 'extreme fear'. I haven't seen major sell-offs,…
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In a Twitter argument with Greg Foss, Raoul Pal said that the Bitcoin community has “lost sight of inclusion.”
Bitcoin started a strong decline from the $43,500 resistance against the US Dollar. BTC remains at a risk of more downsides below the $39,200 support. Bitcoin started a major decline after it failed to clear the $43,500 resistance. The price is still trading below $41,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $39,200 support. Bitcoin Price Declines Heavily Bitcoin price gained pace for a move above the $42,500 level. However, BTC struggled to gain pace for a move above the $43,500 resistance zone. A high was formed near $43,497 before the bears appeared. As a result, there was a fresh decline below the $42,000 support level and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair. There was a fresh decline below the $41,200 support zone. Bitcoin even declined below the $40,000 support zone. A low is formed near $39,261 and the price is now consolidating losses. On the upside, an initial resistance is near the $40,250 level. It is near the 23.6% Fib retracement level of the recent decline from the $43,497 swing high to $39,261 low. The first major resistance is near the $40,500 level. An upside break above the $40,500 resistance could start a steady recovery wave towards $41,200. Source: BTCUSD on TradingView.com The next key resistance is near the $41,200 level, above which the bulls might aim a test of $42,500. Any more gains may perhaps call for a move towards the $43,500 resistance zone. Fresh Drop in BTC? If bitcoin fails to start a fresh increase above $40,500, it could start a fresh decline. An immediate support on the downside is near the $39,500 zone. The first major support is seen near the $39,200 zone. A downside break below the $39,200 support zone may perhaps spark another major decline. The next major support is near $38,500, below which the price could even decline below the $38,000 zone. 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 in the oversold zone. Major Support Levels – $39,500, followed by $39,200. Major Resistance Levels – $40,250, $40,500 and $41,200.
Bitcoin dropped around to 39k and it was another drop people really didn't expect since earlier today Bitcoin had hit 43k and the whole market was green, hell, we even entered a bull market there for a short while. Like 5 minutes. So of course everyone who have invested more than they could afford to…
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