Our weekly analysis of Bitcoin shows signs of a primary reversal in search of what appears to be wave 5. There is an initial crossover of the MACD moving averages with other indicators following the trend.
The possibility of touching the support marked by the EMA100 at 25912.72 is not ruled out.
According to coinmetrics, crypto markets dropped again this past week after more news of Chinese regulation, including the PBOC telling the country’s major financial institutions to stop facilitating cryptocurrency transactions and a Huobi derivatives ban. The markets have now been in decline for almost seven weeks following the start of the crash on May 12th.
However, even with a lack of interest by many big players in the massive intention to buy, and as we have said, on-chain indicators are showing what technical indicators cannot. …
Know that we have still been very silent these last days, we believe it’s pertinent that weekly, we indicate the news that is important to watch.
As described by Investing, it appears that the Federal Reserve’s comment that interest rate hikes could come earlier than expected will determine market sentiment this week and probably the next few months as market participants take in the sharp change in stance in their guidance on monetary policy.
As a result, the focus will be on Fed Chairman Jerome Powell’s appearance before Congress on Tuesday, as well as statements from several other Fed officials…
Investing says that Investors trying to gauge the threat of inflation will closely follow Thursday’s US consumer price data amid concerns that rising inflation could prompt the Federal Reserve to begin withdrawing stimulus.
It seems likely that meme stocks will continue to attract investors’ attention following the ups and downs of the past week. Markets will also be keeping a close eye on the progress of President Joe Biden’s $ 1.7 trillion infrastructure plan, which has already boosted the industrial and materials sectors this year.
The European Central Bank (ECB) will meet on Thursday and could discuss reducing stimulus. Also…
Many researchers and big players have noticed that lately, the market has been very quiet. Not because the previous aspect is something negative but something that makes us think that we are about to reach the end.
However, and as a summary, we want to have what is really happening with the two main cryptocurrencies on the market in their various scenarios.
To begin with, we have Bitcoin going on a meaningless side road for some but boring for others. …
As written by CriptoNoticias, an analysis of the price of bitcoin together with the evolution of its volatility, shows that it has been following a decreasing trend in the last decade. From highs near or above 100% in the bull cycles of 2011 and 2013, bitcoin’s volatility is currently below 10%, according to data from analyst Willy Woo.
This decrease in bitcoin volatility would be improving the perception of bitcoin in the face of institutional investors, according to a communication sent by the US bank JPMorgan to its clients, commented on by CriptoNoticias on April 4.
The volatility of bitcoin…
The last week of April is planned with some surprises. Among these, the negative correction of more than 20% loss for the market; negative sentiment and low interest on the part of the big players; recovery and improvement of problems in China; price fluctuation towards the breakdown of important supports, but with a good opportunity for cheap buyback; and above all, a supposed ergonomics that would make a speedy recovery possible for the market.
Therefore, dear friend of ours, for the next few weeks, it is important that you take note of the following fundamentalist factors. …
What happened? The ship sank? Out of nowhere prices fell? We know that you are the main ones asking what is going on in the head of each one of you.
But do not worry, according to the latest news, what caused the fall in the prices of most cryptocurrencies was due to an interruption of the electricity supply in the province of Xinjiang in China, which began on Thursday, April 15 due to security inspections, and with it, the Bitcoin hash rate decreased this Saturday by 40% to levels below 110 EH/s.
According to criptonoticias, from April 4 to 11, 2021, the cryptocurrency market remains on the rise after the recovery it experienced the previous week. More than 80% of altcoins have risen in price.
The most appreciated cryptocurrencies in these seven days are led by Ripple’s XRP, whose price rises after the company that issues the asset scored some victories in the legal process it faces against the SEC in the United States.
They are followed by Grin (GRIN), which, this April 11, closes a meme contest in which their community participated; and Ethereum Classic (ETC), with substantial growth from its…
We want that you make real money with the cryptocurrency market, but we want you to do it calmly and in the way that the big players do.
How do they do? Very simple, they take some good beers while playing poker, they bet on the best card with a well-planned strategy, and then they wait with great patience and confidence.
For that reason, in the following multidimensional analysis, we want you to know how far we really believe that the price of Litecoin will go in the short, medium, and long term.
By the time this article was written…