#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
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.
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
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 $$7,711.
The lower Bollinger band could offer support at $7,862. The 200MA is lined up at $$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.
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.
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.
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.
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).
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.
- 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.
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Want to trade with us?
@cryptobulletpay
Also we want to thank safetrading.today for trying to make the cryptosphere a safer place.
If u ever got scammed by some channel, please contact @safetradingsupport with details so u can help others not to make the same mistake.
Thank you everyone for the support.
Let the CryptoBullet hit you 🙃
#XRP
OUTLOOK: Bullish, but a healthy pullback cannot be ruled out
Overbought daily RSI, potential double bottom on 1-hour chart. Could test $0.80
Overall outlook bullish as suggested by ascending 5DMA and 10DMA.
OUTLOOK: Bullish, but a healthy pullback cannot be ruled out
Overbought daily RSI, potential double bottom on 1-hour chart. Could test $0.80
Overall outlook bullish as suggested by ascending 5DMA and 10DMA.
#BTCUSD Daily Snapshot
OUTLOOK: Bullish abv $8,459
"Sideways breach" of long term descending trendline does not indicate bullish breakout
So bulls would like to see break abv $8,459
Close below $7,823 would signal deeper pullback to $7.2
OUTLOOK: Bullish abv $8,459
"Sideways breach" of long term descending trendline does not indicate bullish breakout
So bulls would like to see break abv $8,459
Close below $7,823 would signal deeper pullback to $7.2
📰 Europe Introduces Customer Verification on Cryptocurrency Exchanges
The European Parliament has voted in favor of stricter regulations in the crypto sector. Crypto exchanges and wallet providers will be required to introduce customer due diligence procedures, including identity verification. The platforms will have to apply for registration in order to offer their services. The new measures come with the latest update of the EU Anti-Money Laundering Directive.
The European Parliament has voted in favor of stricter regulations in the crypto sector. Crypto exchanges and wallet providers will be required to introduce customer due diligence procedures, including identity verification. The platforms will have to apply for registration in order to offer their services. The new measures come with the latest update of the EU Anti-Money Laundering Directive.