Forwarded from Canva (Lemillion)
BREAKING: The President of El Salvador just announced that he is making Bitcoin legal tender in his country.
This is the first country to take such a courageous step, but it won’t be the last.
This is the first country to take such a courageous step, but it won’t be the last.
Forwarded from Canva (Lemillion)
Bitcoin Update:
This is a possible scenario if we connect wick to wick. BTC is still in the triangle and bounced back hard leaving a wick touching to the triangle line. There is a lot of resistance in the upward moment. The first resistance is the $37,500 area and then the $39,000-$39,500 area. The key level to break and hold is $40,000. If BTC breaks the triangle downward, the major support is $30,000-$31,000 area. The market is choppy and we are waiting for a breakout. The breakout will be coming in 3-4 days on either side.
This is a possible scenario if we connect wick to wick. BTC is still in the triangle and bounced back hard leaving a wick touching to the triangle line. There is a lot of resistance in the upward moment. The first resistance is the $37,500 area and then the $39,000-$39,500 area. The key level to break and hold is $40,000. If BTC breaks the triangle downward, the major support is $30,000-$31,000 area. The market is choppy and we are waiting for a breakout. The breakout will be coming in 3-4 days on either side.
Forwarded from Canva (Lemillion)
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Forwarded from Canva (Lemillion)
The triangle break downwards and BTC dumped hard after $35,000 break. This is not a good sign, the major support zone is $30,000 and BTC should hold it otherwise we will see a quick Wick to $26,000-$27,000 area. The minor support is $32,000-$32,500 area. BTC should give a bounce from the support zone.
Forwarded from Canva (Lemillion)
#BTC
The bulls continued their purchase today, which seems to have trapped the aggressive bears who may have sold on June 7. However, the BTC/USDT pair is still not out of the woods yet because the relief rally is likely to face resistance at the 20-day exponential moving average ($37,925).
If the price turns down from this resistance, it will suggest that the sentiment remains negative and traders are selling on rallies. The next leg of the downtrend could begin after the bears sink the price below the $31,000 to $28,000 support zone. Such a move may open the doors for a decline to $20,000.
However, the relative strength index (RSI) has formed a bullish divergence, indicating the bearish momentum is weakening. The first sign of strength will be a breakout and close above the 20-day EMA, which could extend the relief rally to the 50-day simple moving average ($45,896).
The bulls continued their purchase today, which seems to have trapped the aggressive bears who may have sold on June 7. However, the BTC/USDT pair is still not out of the woods yet because the relief rally is likely to face resistance at the 20-day exponential moving average ($37,925).
If the price turns down from this resistance, it will suggest that the sentiment remains negative and traders are selling on rallies. The next leg of the downtrend could begin after the bears sink the price below the $31,000 to $28,000 support zone. Such a move may open the doors for a decline to $20,000.
However, the relative strength index (RSI) has formed a bullish divergence, indicating the bearish momentum is weakening. The first sign of strength will be a breakout and close above the 20-day EMA, which could extend the relief rally to the 50-day simple moving average ($45,896).
Forwarded from Canva (Lemillion)
The move by El Salvador to formally adopt Bitcoin as a legal currency has now been immortalized on the blockchain. Block 686,938 bears the message “asamblea aprueba la ley bitcoin” — meaning "assembly approves Bitcoin law".
Forwarded from Canva (Lemillion)
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This new geothermal well in El Salvador will provide approximately 95MW of 100% clean energy from a volcano.
El Salvador will build a new #Bitcoin mining hub around it.
What you see coming out of the well is pure water vapor 🇸🇻
El Salvador will build a new #Bitcoin mining hub around it.
What you see coming out of the well is pure water vapor 🇸🇻
Forwarded from Canva (Lemillion)
#BTC
BTC break the resistance area of $37,000 and now trading near $37,750. Bitcoin made a high of $38,491 but unable to hold above the $38,000 area. The triangle in the picture is already broken downwards and not valid now but the long downtrend line is the major resistance which is around $38,100. BTC needs to break the downtrend line and hold above it. If BTC able to hold above $38,100 area we see a retest of the $39,500-$40,000 area. Bulls are aggressive and BTC is bullish in lower time frames. If BTC unable to close above the $38,100 area we may see a retest of $36,500 zone.
BTC break the resistance area of $37,000 and now trading near $37,750. Bitcoin made a high of $38,491 but unable to hold above the $38,000 area. The triangle in the picture is already broken downwards and not valid now but the long downtrend line is the major resistance which is around $38,100. BTC needs to break the downtrend line and hold above it. If BTC able to hold above $38,100 area we see a retest of the $39,500-$40,000 area. Bulls are aggressive and BTC is bullish in lower time frames. If BTC unable to close above the $38,100 area we may see a retest of $36,500 zone.
Forwarded from Canva (Lemillion)
BTC still trying to break the$38,000 resistance. We will see a clear picture after BTC break the $38,000 and hold above it. Alts are seeing some downward moment in BTC pair means people are again going in BTC. So far BTC holding well above $36,000. Waiting for a breakout either side.
Forwarded from Canva (Lemillion)
BTC give a quick wick below $35,000 and made a low of $34,600. The 1-hour and 4-hour candle not close below $35,000. BTC need to stay above $35,000 a candle close below this is bearish. Waiting for more confirmation, this maybe a stop hunting wick below $35,000.