Buying Bitcoin now 6750. This is very dangerous since we could be building a bearflag but still, shorts are taking over and usually they will be squeezed.

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Mastercard Is Hiring More Blockchain Developers

Payment giant Mastercard announced Thursday that it was hiring 175 new technology developers, including blockchain specialists.

The new hires will work on creating more efficient payment systems, according to a press release. Mastercard has been eyeing applications of blockchain to its services for some time now.

#ether

OUTLOK: Bullish

Bull reversal confirmed. RSI above 50.00, scope for further gain

Dips to 5,10MA to be short-lived as averages are trending north

Could test $565 (Feb. 6 low) in the shortrun

Close below 10-day MA would abort bull view

GNT soared to astounding 0.000229
Profit: +370%
All targets achieved
Congratulations to those who followed our recommendation!

Something interesting is cooking right now in BTC market, whales seem to be in choppy mode

Btc crossed $8400

#BTC TA

#Bitcoin

OUTLOOK: 5,10MA & RSI biased bullish. solid rebound from ascending weekly 50MA.

Looks like BTC would go through falling trendline + 50DMA in coming week & test 200DMA of $9,616 in next couple of week

Close below ascending 50-week MA would signal bull-to-bear change

#BTC weekly chart.

As noted above, only close below ascending 50-week MA would revive bearish outlook.

As of now, it looks like BTC is set to test 10-week MA located at $8,791.

Buy QLC
Zone: 0.00020-0.00018
(OR After breakout @ 0.00022)
Target: 24-26-28-30
Stop loss: 0.00017

#BTCUSD Bear RSI divergence on 4hr

The lower Bollinger band could offer support at $7,862. The 200MA is lined up at $$7,711.

#BTC dips below $8.000 after bear RSI divergence as expected, currently trading below the ascending 100-hour MA.

Bitcoin remains in a bullish territory for now and is looking at further gains, though a pullback is possible if support at $7,900 is breached, according to technical studies.

It's worth noting that the Bollinger bands (seen on the chart below) show the volatility dropped after BTC dipped below the psychological mark, likely signaling indecision among the bears. As a result, it is not surprising the dip below $8,000 was short-lived.

Hourly chart

The Bollinger bands (+2 and -2 standard deviations from the 20-hour moving average) narrowed after the dip below $8,000, indicating the low volatility period - popularly known as a Bollinger band squeeze.

The 19-hour squeeze ended with a bullish breakout. Additionally, the hourly relative strength index (RSI) is above 50.00 and trending north, also indicating a bullish setup. So, BTC could have another attempt at breaching at the trendline resistance seen today at $8,420.

However, a failure to capitalize on the bullish Bollinger breakout could yield a drop below $7,900 (previous day's low). In such a case, BTC will likely test 4-hour 200 MA lined up at $7,690.

That said, the outlook as per the daily chart still remains bullish.

Daily chart

Only a daily close below $7,510 (double-bottom neckline/former resistance turned support) would abort the bullish view.

Meanwhile, a dip to $7,690 will likely find bids as the short-term momentum studies are biased bullish. The 5-day MA and the 10-day MA continue to slope upwards (bullish).

View:

- Bitcoin could revisit the descending trendline resistance seen today at $8,420. A daily close (as per UTC) above that level would confirm a long-term bearish-to-bullish trend change.

- On the downside, a move below $7,900 could yield a fruther drop to $7,690.

- A daily close below $7,510 would signal the rally from the April 1 low of $6,425 has ended.