Bullish cup and handle pattern sets Cardano (ADA) price up for a new ATH
ADA’s daily close above the $2.30 resistance and a classic bullish technical analysis pattern signal that the altcoin is ready to hit a new all-time high.
ADA’s daily close above the $2.30 resistance and a classic bullish technical analysis pattern signal that the altcoin is ready to hit a new all-time high.
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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submitted by /u/YasminResnik [link] [comments]
I own enough Ethereum to run many nodes and same amount of Bitcoin that I consider my digital gold. My point is that we can like both. Here we can mention other coins than ETH, that I love, without being censored because mods have a brain. Thanks for the freedom you offer, that’s all I…
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I’m looking at getting a gaming computer and running it as a mining rig. I have $4000-$5000 to put into it. It would mostly be used for mining, but I want to game on it some on my off days. I’ve been looking at the sky tech prism II (link below for more specs) and…
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CEO of Coinbase: “We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.” Edit: Via Brian Armstrong’s Twitter …
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Bitcoin exchange inventory level is a good way to gauge market sentiment towards the cryptocurrency. Inflows to exchanges in the past have usually indicated strong sell sentiment. Stemming from investors wanting to cash out the profits that they have made. This is usually the case during bull markets when prices go up. But for the first time, bitcoin exchange inventory levels are declining even though the price of the digital asset is on the rise. Related Reading | Hot Bitcoin Summer. But Why Altcoins Are On The Rebound Numbers show that bitcoin exchange levels are not rising according to the price. If anything, the inverse looks to be the case. The number of bitcoins leaving exchanges recently has risen sharply. Just in the past 30 days, over 100,000 bitcoins have flowed out of exchanges. Representing one of the sharpest exchange reserves decline in the market. BTC exchange reserves experience sharp downtrend | Source: Twitter Investors Are Accumulating The number represents a decreased supply in the market, and the outflows indicate that demand for the digital asset is on the rise. Investors are holding on to their coins instead of moving the coins to exchanges to sell. This has now put a lot of buy pressure on the market. The decreased supply will inadvertently lead to an increase in the price of the digital asset. BTC exchange reserves fall for the first time in a bull market | Source: Twitter These patterns show a peculiar accumulation pattern in the market. Bitcoin accumulation is usually highest when the market is in a bear market. An extended bear market like the one following the 2017-2018 bull market would see investors hoarding coins in wait for the next bull. But presently, accumulation patterns show that investors are hoarding coins even in a bull market. Sentiment remains generally positive with the Fear & Greed Index finally moving into greed for the first time in months. Accumulation patterns now show a very bullish pattern in the market. Retail investors do not think that the bull market will be over anytime soon, neither do the institutional investors. Related Reading | Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again As more bitcoins are mined, leading to the decline in the number of bitcoins left to come into the market, investors are trying to get their hands on as much of the digital asset as possible. This increased demand is what has sent the price surging. Leading to a continuation of the bull market that had grinder to a half after the asset hit a new all-time high of $64K. Bitcoin Moving Up With Accumulation Bitcoin’s price has been on the up and up going into August. Its price had hit $45K for the first time in two months, pointing to a continuation of the bull market. Eight consecutive green days had seen BTC hit eight green candles, triggering a bull run in the market. At this point, bulls had taken complete control of the market. Bears had recorded massive losses as the market saw over $1 billion shorts liquidated in the span of 24 hours. BTC price trailing $44K | Source: BTCUSD on TradingView.com The bulls have continued to maintain their hold on the market. Bitcoin price has experienced several dips in this week alone. But downwards movement on the charts has not been to a significant extend. The price had tested $48K this week. Eventually breaking back down below $44K when faced with resistance at this level. Trailing prices now rest in the $44K territory for BTC. Price analysis shows the mark to beat for another rally sits at $46K with the current momentum. As of the time of this writing, BTC is currently trading at $44,470, with an overall market cap of $835 billion. Featured image from Bitcoin News, charts from Twitter and TradingView.com
Was just goin to grab a few items and walked past this and couldnt help but take a pic. Who knew they support Rvn? Haha, that is all. https://preview.redd.it/kgop3d2aaei71.jpg?width=960&format=pjpg&auto=webp&s=a5b9fbf3f35e85a7ed256aec88351914609a1dad submitted by /u/Cryptoman1017 [link] [comments]
Hey everyone-Big Ravencoin fan. I came across this crypto called hedera hashgraph. It sounds like a Stake version of Ravencoin. Does anyone else have this view or could you explain any key differences between rvn and hedera besides POW and POS? submitted by /u/Minethatcoin [link] [comments]
submitted by /u/mitchJIMplant [link] [comments]