submitted by Smart_Smell to Robopay [link] [comments]
Cryptocurrency technical analysis: cryptocurrency assets began the rally
Top crypto assets have been in an uptrend this week. One of the reasons for the growth was the positive dynamics in the US stock market. This was facilitated by the decision of the US Federal Reserve to continue the asset repurchase program in current volumes until March 2021. In addition, a number of news has influenced the digital asset market. So, on July 25, Chief Justice of the District Court of the District of Columbia Beryl Howell recognized bitcoin as a form of money and stated that the asset falls under the money laundering law. This decision was made during the $311 million laundering case, where the head of the Coin Ninja crypto project Larry Dean Harmon is the defendant.
Also since the beginning of the week, Bitcoin futures trading volumes have shown impressive growth, and the regulated crypto exchange Bakkt has reported closing of record high trading sessions. Also, significant support for the growth of the first cryptocurrency was provided by the massive closing of short positions, which were liquidated on July 28 for more than $500 million. And on July 29 it became known that the Central Bank of the Philippines is now participating in the race to launch the first national cryptocurrency. For this, a special committee will be created that will study the issue of launching the CBDC and the legal norms necessary for its work.
BitcoinAfter a rebound from support at $9150, bitcoin quotes easily overcame the $9500 level, which now also acts as support. The 200-day simple moving average (SMA) line passes in this area, as well as the boundaries of the technical analysis “Triangle” (they are marked in pink on the chart below). This allowed Bitcoin to reach the first goal in the form of cluster boundaries of $9,900- $10,000 and $10,400- $10,500.
Now the movement is taking place within the consolidation of $10,800- $11,300. In the coming weeks, maintaining the upward momentum will allow BTC quotes to rush to the following targets — $11,580 and $12,000. divergences ”between the highs on the chart and the MACD oscillator. If this scenario is realized, the targets will be the levels of $10,400 and $10,000. Further downward movement looks unlikely, but may lead to a retest of the $9,500- $9,600 area, where whales will most likely prefer to gain new positions in bitcoin.
BTC / USD chart, four-hour timeframe
On the daily chart of Bitcoin, you can see that there was a breakthrough of the boundaries of the technical analysis model “Triangle” (in the chart below they are marked in orange). From the point of view of technical analysis, a retest of the upper border of this figure should follow in the near future. This can lead to a decrease in the price from the current resistances of $11,000 and the cluster $11,200- $11,300 back to the supports at $10,500 and $10,000. If this scenario is implemented, there is also a chance of Bitcoin falling to the important cluster of $8900 (50% retracement at Fibonacci levels) — $9580.
The presence of divergence between the BTC price and the MACD oscillator indicates a high probability of a correction. But at what levels this reversal will occur is not yet known. But until the end of this year, the first cryptocurrency is ready to maintain its growth trend, which can lead to reaching $11,800, $12,500, a cluster of $13,100- $13,350 and $14,000.
BTC / USD chart, daily timeframe
EthereumAltcoins went up after bitcoin. The ether also shows good growth, the quotes of which continue to confidently rise from the support at $233, below which the 200-day SMA line is located. After overcoming the first target at $280, the ether rushed to the next targets located at the resistance levels of $300 and $320.
Now the ETH quotes have returned to the framework of the “Flag” graphical model, which can reduce the volatility of the asset. At the same time, a correctional decline below $320 will allow big capital to gain positions. The support levels will be $300, $280 and $251. The targets for the development of a long-term upward movement are $363.80, $400 and $420.
ETH / USD chart, daily timeframe
LitecoinOn the daily chart, Litecoin confidently maintains a positive momentum, which led to a breakout of the boundaries of the Descending Triangle technical analysis model. The upward breakout of the $47.45 level, just above which the 200-day moving average (MA) line is located, allowed LTC to go to the targets of $51.50 (38.2% correction level along the Fibonacci lines) and $56.80.
In the medium term, further upward movement may develop to $60.80, $65, $70 and even $83. However, in the event of a correction from the current levels, the whales are likely to gain positions only at the previously tested levels of $50 and $51.50.
LTC / USD chart, daily timeframe
Bitcoin CashBitcoin Cash, as expected, soared from the borders of the “Triangle” price model (on the chart below the borders are marked with pink lines) to the resistance located at the upper border of the “Horizontal Channel” $200- $272. Then the altcoin continued its way to the $305 area.
A correction may develop towards the 200-day SMA line, which is located in the $272 area. But in the long run of the coming months, we can expect a breakout of the $305 level, which will allow Bitcoin Cash to go up to the $356- $368 cluster and further to $400.
BCH / USDT chart, daily timeframe
XRPXRP also took advantage of an influx of liquidity, which led to the breakout of the boundaries of the Descending Triangle model. This allowed the asset to break through the boundaries of the “horizontal channel” of $0.18- $0.2050, in the area of which the 200-day MA line passes. As a result, XRP reached its first targets at $0.2360 and $0.2540.
In the long term, the bulls will be able to take profits at $0.27, $0.2860 and $0.3080. At the same time, the levels of $0.2040, $0.2360 and $0.2540 in the event of a correction can act as supports for the current XRP quotes.
XRP / USD chart, daily timeframe
Binance CoinBinance Coin also did not fail to take advantage of the market situation to break through the resistance in the form of the upper boundary of the “Ascending Triangle” and the level of $18.14. This allowed us to start the long-awaited growth towards the first target in the form of a powerful $19.36– $20 cluster. Maintaining this momentum in the months ahead will lead to the achievement of targets at $21.30, $23.50, $25.80 and $28.20.
But before that, the asset may wait for a correction to the levels of $19.36 and $18, where the 200-day SMA line is located.
BNB / USDT chart, daily timeframe
At the end of this week, we can confidently say that another rally has begun among crypto assets. Moreover, it occurs before the start of the correctional decline on the world stock markets, which some investors warn about. Thus, the cryptocurrency market is becoming a new safe haven for whales, which have preferred to accumulate positions since March. We will not be surprised if this upward movement will last more than one month.
Subscribe to our Telegram channel
|Rate (per day)||33.49||2014.59|
Generated with BBoe's Subreddit Stats
Bitcoin Price Analysis: BTC to start rolling into the abyss if $8,400 gives way The Forex Market · 16 hours ago. MT Gox trustee is set to return 140,000 BTC to the victims of the hacked exchange. Bitcoin (BTC)... Bitcoin Breaks $15K as Investor Numbers Peak - CoinDesk Coindesk · 12 hours ago. Bitcoin rose to $15,017.05 at 10:50 a.m. ET (15:50 UTC) on Thursday, its highest level since January 2018. European stock indexes are up around 1% on the day and U.S. stock ... BTC/USDT Binance price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEO NEM Cosmos Iota VeChain Dash THETA ZCash Ethereum ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Bitcoin's price jumped to a 33-month high of $14,558 soon before press time, taking the year-to-date gains to 101%. En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia ... At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Find the latest BTC/USD (BTCUSD=X) currency exchange rate, plus historical data, charts, relevant news and more Bitcoin hits highest level since January 2018 post-election. Dan Roberts breaks down Bitcoin's recent price action, which recently hit $14,500 (its highest level since January 2018) and what's next for the cryptocurrency. About Binance Coin. Binance Coin price today is $28.94 USD with a 24-hour trading volume of $342,902,657 USD. Binance Coin is up 5.45% in the last 24 hours. The current CoinMarketCap ranking is #7, with a market cap of $4,178,467,593 USD. It has a circulating supply of 144,406,561 BNB coins and a max. supply of 176,406,561 BNB coins. The top exchanges for trading in Binance Coin are currently ... Nouriel Roubini, professor of economics at New York University's Stern School of Business and CEO of Roubini Macro Associates, joined Yahoo Finance Live to give his take on Bitcoin and his outlook for the economy. Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked ...
[index]          
Binance LIVE СЕО: Bitcoin price prediction & Givе-Awaу BTC Binance [ Official channel ] 2,518 watching. Live now ; Mike Tyson - The Hardest Puncher in Boxing Ever! - Duration: 18:09. The ... Crypto News Binance To Have Fiat Pairings, Moving To Malta? Yahoo Launching Crypto Exchange Yahoo Launching Crypto Exchange Bull & Bear Cryptocurrency Analysis, News & Education Bitcoin's price in 2020 is climbing! So let's look at real data! Real "on-chain" metrics to see the best bitcoin price prediction 2020 going into June, July,... LIVE market coverage: Monday, March 16 Yahoo Finance Yahoo Finance 13,970 watching Live now Fed Rate Cut, Stock Market Drops Crypto Jumps, Crypto Ban Finished & Bitfinex Delistings - Duration: 36:59. This Binance Coin Price Analysis - July 14th 2020 is hosted by BNC's Josh Olszewicz and finds technicals for BNB to USD suggesting a nascent bullish trend as the BNB price is above the 200-day EMA ... Key Bitcoin Chart NOBODY Is Watching Right Now (btc crypto live new market price today 2019 analysis - Duration: 46:41. Crypto Crew University 53,955 views 46:41 Ethereum Chart Analysis Cardano Chart Analysis Binance Coin Analysis Price Prediction TODAY’S VIDEOS Binance Coin Price Prediction BNB Coin Chart Analysis BNB to the moon https://youtu ... Binance Margin Trading Live 1:38:50 The Trump Dump Professional Mentors, Exclusive Signals and Setups, Custom Indicators & Strategies, Educational Material, and much more. https://www.binance.com/en/register?ref=12327366 ref link or ref number 12327366 future 125x %10 kickback commission. bitcoin and 200+ altcoin. using bnb to ... Bitcoin Giveaway and Halving, Binance 比特币 Trading News with CZ Binance Worldwide 1,607 watching Live now Will You Please Give Us A Right Shoulder? 🙏 Binance Coin BNB Technical Analysis ...