This might get downvoted, but the current price action seems so suspicious. US stocks future (NASDAQ, SPY, DJI) are all currently in red, Hong Kong stock market is tanking to a lowest level in around 9 months, China stock market tanking as well. Crypto follows the stock market in general. Monday is also known to…
Read more
if regular shitcoins weren't insufferable enough, it's still half a year later and we're still firmly in the era of SafeMuskMoonScam coins or whateverthefuck. it's like every new coin is some variation of these words with some long ad being posted across all the altcoin subs filled with the same scammy language like SAFEELON IS…
Read more
Sam Bankman-Fried, the CEO of surging crypto derivatives exchange, FTX, has slashed its maximum leverage in a move to promote responsible trading practices.
Let's admit it. We don't have a clue how, when and why the price of BTC reacts the way it does. We scream manipulation only when the outcome doesn't favor us. Uptrend manipulation is still manipulation! There are big and unknown figures at play here. We're just pawns in the grand scheme of things. There's…
Read more
Hi guys. Searched the site but have been unable to find the information I need. Basically if I have an asset I have created which people now own. How do I issue sub assets to those holders? Additionally, is there somewhere people could then trade those sub assets? ie. I have an asset issued to…
Read more
CNBC’s stock analyst and crypto investor Jim Cramer says he’s still bullish on his choice to invest in ethereum after removing bitcoin from his portfolio. Three days ago, Cramer tweeted that he’s “sticking with” his ethereum position “but not adding to it.” Jim Cramer: ‘Ether Is a Pied Piper Security’ A number of CNBC broadcast […]
submitted by /u/MentalUsurpation [link] [comments]
Bitcoin price started a strong upward move above the $35,000 resistance against the US Dollar. BTC is showing positive signs and it could rally further above $40,000. Bitcoin started a strong increase above the $33,000 and $35,000 resistance levels. The price is now trading well above $35,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $35,500 with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains, but the bulls are likely to remain active near $37,000. Bitcoin Price Surges above $38,000 Bitcoin price found a strong buying interest near the $32,000 zone. BTC formed a support base near the $32,000 and it started a major upward move. The price surged above the $32,000 and $35,500 resistance levels. There was a clear break above the $38,000 resistance level. The upward move gained strength and the price even traded close to the $40,000 resistance zone. A high was formed near $39,721 and the price is now correcting gains. It is trading near the 23.6% Fib retracement level of the recent rally from the $33,904 swing low to $39,723 high. Bitcoin is now trading well above $35,000 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $35,500 with resistance near $31,250 on the hourly chart of the BTC/USD pair. It is showing a lot of positive signs near the $38,000 level. On the upside, an initial resistance is near the $39,000 level. Source: BTCUSD on TradingView.com The first major resistance is near the $39,500 level. The main resistance sits near $40,000. A successful break and close above the $40,000 level could initiate a fresh rally in the near term. In the stated case, the price is likely to move towards the $42,500 level in the near term. Dip Supported in BTC? If bitcoin fails to climb above the $39,500 and $40,000 resistance levels, it could start a downside correction. An initial support on the downside is near the $37,500 level. The first major support is now near the $36,800 zone. A clear downside break below the $36,800 support may possibly push the price towards the $36,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well in the overbought zone. Major Support Levels – $37,500, followed by $36,800. Major Resistance Levels – $39,000, $39,500 and $40,000.
I had a couple hundred bucks and I joined on this bullrun. I had an average entry price of around 42k but with the fall to 29k I managed to get it around 34k. Once I was at a tiny gain of like 0.2% I decided to sell. Crypto is awesome but this has been…
Read more
submitted by /u/Niolong1 [link] [comments]
