Bitcoins
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Bitcoins
#BTC got rejected on weekly OB and is now retesting support, there's also an OB (Order Block) on daily and 100 MA on 4H to hold the price. RSI is looking quite good on several time frames presenting bullish hidden divergence. Ideally we'd like to see a sweep…
#BTC #CME_FUTURES

https://www.tradingview.com/x/xgInWCom/

Bitcoin didn't sweep the lows at 22300$ but it quickly reclaim the 22900$ which is good and goes accordingly with analysis...

It's still being rejected from Monthly and Weekly resistances albeit weekly is printing a Spinning Top inside Weekly Order Block (need Sunday close confirmation).

"Spinning tops candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand."

Price Action isn't great on daily and showing difficult to go above 24k, leaving us with a range between 24k resistance and 22.6k support, where it did breakout from the top trendline and has 70.6% fib as support together with 200 MA on daily!

A sweep of the lows as analyzed previously has a high probability since it's below resistance and PA isn't looking goood!

@Bitcoins
Bitcoin Taproot activity has lifted adoption metric to an ATH 7.47%, and utilization to 2.84%.

@Bitcoins
>50% of all circulating bitcoins $BTC have not moved for more than 2 years. This is a new historic high on adopting a HODL strategy.

@Bitcoins
Easy math.

@Bitcoins
Forwarded from Market
Daily Important Hits (February 06,2023)


⭐️ STOCKS ⭐️ INDICES ⭐️ FOREX


🌍Lula says 'no explanation' for Brazil's current interest rate levels.
🌍Euro zone yields rise, spreads widen before central banks’ speakers.
🌍FTSE 100 slips from record high on Fed rate jitters.
🌍Hungary cbanker: demand, raw materials prices retreating
🌍Thai inflation seen slowing, back to target this year -finmin.
🌍Kuroda defends BOJ's current stimulus as best way to hit inflation target.
🌍Japan finance minister says he was 'out of the loop' on BOJ gov nomination.
🌍Wall Street extends Friday's declines early.
🌍Hedge funds caught in bigger squeeze than 2021 meme stock frenzy - Goldman Sachs note.
🌍Eurozone banks: sellside least bullish in a year.
🌍Sri Lankan shares snap 3-day rally as financials weigh.
🌍Currencies ease as dollar gains, Polish and Romanian cbank decisions in focus.
🌍Russian rouble recovers after clipping near one-month low vs dollar.
🌍South Korean shares, currency, bond prices all dive after U.S. data.

😱@Market
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Forwarded from Coins
The 7-day moving average of daily transactions on the Bitcoin network reached 312.6k on Saturday, a new high since February 2021.

A lot of hype has recently broken out over the Ordinals Bitcoin NFTs. These NFTs take advantage of upgrades made with Segwit and Taproot that make it cheaper to store data in transactions.

📍 Follow @Coins for the hottest news in crypto.
Ark Invest investment company Katie Wood has published its long-term forecast (until 2030) on the BTC rate change:

• Bearish – provides for an increase in the price of BTC to $258,500
• Basic — increase in the value of the cryptocurrency up to $682,800
• Bullish — the asset price rises to $1.48 million.

For the calculation, analysts took into account 8 factors, for example, the amount of funds invested in cryptocurrency by institutions and the amount of transactions in digital assets.

https://ark-invest.com/big-ideas-2023/

📍 Follow @Coins for the hottest news in crypto.
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Buying banana bread with Bitcoin lightning⚡️ in Germany.

@bitcoins
Forwarded from Market
SPX:
🟠Broke the descending resistance and also the horizontal resistance 🚀

🟠Market structure Bullish🚀

🟠Golden pocket done [200MA crossed the 50MA ]

😱@Market
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The current Bitcoin $BTC drawdown mirrors that of 2017-2018.

@bitcoins
Bitcoins
#BTC #CME_FUTURES https://www.tradingview.com/x/xgInWCom/ Bitcoin didn't sweep the lows at 22300$ but it quickly reclaim the 22900$ which is good and goes accordingly with analysis... It's still being rejected from Monthly and Weekly resistances albeit…
#BTC

https://www.tradingview.com/x/NBHRTcnE/

This whole area is a range and BTC swept some lows as it was expected for a while and seems to be forming a descending channel which is a bullish pattern normally ending with a double bottom showing some bullish divergence...

As long as it remains inside channel it's okay and should be a bullish consolidation!

Red path is the one you don't want to see BTC following... Orange is the one I mentioned above with double bottom and still with the possibility to sweep more lows tapping liquidity.

@Bitcoins
Coinkite's newest and most advanced Bitcoin wallet — The Coldcard Q1

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12 years ago BTC hit the $1 mark

@bitcoins
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Mississippi Senate passes historic bill protecting #bitcoin    mining 🇺🇸

“It shall be legal in the State of Mississippi to run a node for the purpose of home digital asset mining” and “operate a digital asset mining business”

https://twitter.com/DocumentingBTC/status/1623674546980106241

@bitcoins