Skip to main content

Bitcoin struggle

Sep 10: #Bitcoin price strugle on Friday and drop below MA 200 ($46000). Bitcoin next Support on MA 50 ($44966). MA 50 should be strong support for continue bull trend. On Trend Lines, Bulls must eye on $43000 for  next long position.
If Bitcoin able to hold this price than we will see Bullish golden crossover on chart too.

On chain analyses showing that bitcoin Exchange reserved are near record low which may reduce sell pressure.

Comments

Post a Comment

Popular posts from this blog

Ethereum set to be the No.1 Cryptocurrency?

Ether(ETH), the cryptocurrency of the Ethereum network, is the world’s second-largest digital currency after bitcoin. Nevertheless, ether’s faster growth rate may shortly dislodge bitcoin from being the predominant crypto.  While bitcoin is up by 261% in the last 12 months, ether grew by 856% in the same period.  The chart below shows ether outperforming bitcoin and gold this year Goldman Sachs, in an unexpected report on the future of cryptocurrencies, has predicted ether (ETH) to outperform bitcoin (BTC) in total market capitalization in the coming years.  The Wall Street giant has heaped praises on Ethereum’s ether token for being  the  cryptocurrency with the highest real use potential.  Table of Contents Blockchain’s Wind of Change Non-fungible Tokens (NFT)  Decentralized Finance (DeFi) The Wrap Blockchain’s Wind of Change Before the introduction of Ethereum in 2015, blockchain was merely used as a distributed ledger for recording bitcoi...
Post a Comment
Read more

Ethereum Rally?

Oct 14: ETH: As shared last time, ETH is forming bullish head and shoulder and breakout $3700 will push price towards $4000-$4400 in coming days.  But this jump seems can be due to BTC. If BTC pump we will see same impact on ETH too in USDT pair. But Eth-BTC pair also indicate that eth growth rate will be slow than BTC if BTC pump hard.  But same time don't forget market psychology that eth pump hard once BTC stable at higher price.                                                        Be careful with Low/mid cap alts too if BTC pump hard. We all know that ALTS struggle if BTC pump hard in short term. But Pump in BTC always good for market and all mid/low cap coin jump hard once BTC stable. Must Apply Money/Portfolio management if you are alts trader. Dont sell them in big loss. Alts can try your patience ...
Post a Comment
Read more

Can Btc reach $65K ?

Oct 14 #Bitcoin: BTC price is moving in a range $53k-58k. We saw cup and handle pattern breakout at $53k on oct 6 and BTC is trading above this zone from last 8 days. After $53k breakout BTC formed new trend and indicate that it can jump hard in next 3 month. Last 5 month chart also indicate that whales accumulate BTC from retail traders.  In last 7 days btc formed a upward channel and breakout above 58k will push price towards 60k-65k in quick time. $53k is work as strong support and indicate that  trader like to buy this zone. As per past trends and chart formation , BTC can pump hard with high volatility in coming months. In last 5 month BTC digest all fud including Big China BAN and trading above 5 month high.  We can see that BTC bullish for next 3 month as per trend and bulls will not loose control in this quarter.
Post a Comment
Read more