Author: Donald Munn
Bitcoin Analysis Bitcoin’s price once again climbed higher on Tuesday and closed its daily session +$195. The BTC/USD 1D chart below from holeyprofit shows that bitcoin’s price managed to hold and close above the 0.786 fib [$42,594.87] on Tuesday and bitcoin bulls are now seeking a return to the 1.272 fib [$48,445.37]. Bullish BTC traders have a secondary target of 1.618 [$52,640.29] which will be a major level to overcome if this upward rally is to be extended longer term. Bearish BTC market participants are attempting to snap the recent success of bulls and reverse BTC’s price below the 0.786…
Bitcoin price Monday’s daily candle was another battle that went to bullish BTC market participants as BTC’s price closed the day +$1,442 and above short term resistance at the $43k level. The BTC/USD 1D chart below from Kongkiat shows the most critical support levels and resistances in the interim for BTC market participants. Traders can see bitcoin’s price has formed a head and shoulders pattern that has the potential upside in the mid-term of the $52k level. That level could be a major tug-of-war between bullish and bearish market participants. In the interim, bullish traders are seeking to crack the…
Bitcoin Analysis Bitcoin’s RSI is at its highest levels on the daily timescale of 2022 and finished its daily candle on Sunday +$969. The BTC/USD 4D chart below from VincePrince shows BTC’s price currently following its historical four year cycle trend. BTC’s price double-topped on the charts on November 10th at $69,044 and had lost more than 50% of its value before this current relief rally. For bullish traders to begin to gain some serious momentum they need to break the neckline to the upside and send BTC’s price back above the $53k level. If bullish BTC market participants…
Bitcoin Analysis On Wednesday bitcoin’s price bearishly engulfed the daily timescale and finished its daily session -$1,808. The BTC/USD 1D chart below from TheVortexTrader shows BTC’s price still range bound between the 0 fib level [$32,909.1] and 0.236 [$41,298.56]. Bearish BTC traders have successfully been able to defend an important level of inflection between $39k-$41,298 thus far. They’re now aiming at reversing course back down to a full retracement at the $32k level. If bearish traders succeed at again pushing BTC’s price lower, they’ll next try to break the $29k level which was the bottom of the market in 2021.…
Bitcoin Analysis Bitcoin’s price again edged closer to the top of its current range on Tuesday and closed its daily session +$207. Today we’re looking at the BTC/USD 1W chart below from industradingstore. Bitcoin’s price is currently trading near the top of its current range between the 0 fib level [$32,946.76] and the 0.236 fib level [$41,471.67]. Bullish BTC traders are seeking to break the 0.236 and crack the next overhead resistance at 0.382 [$46,713.7] with a secondary target of 0.5 [$51,008.0]. From the perspective of bearish BTC traders, they’re aiming at a reversal before or at the 0.236 fib…
Canada’s Prime Minister Justin Trudeau has clamped down on the Freedom Convoy’s no-vaxers by blocking cryptocurrency wallets. The decision comes at the height of a tense period. Canada, Freedom Convoy’s cryptocurrencies targeted by authorities According to local sources, the Canadian Prime Minister has issued a direct order to companies regulated by FINTRAC to stop transactions involving at least 34 cryptocurrency wallets associated with Freedom Convoy. These wallets hold a total of $1.4 million in Bitcoin. One wallet in particular would hold $1 million in BTC alone. Justin Trudeau’s targets are:: 29 Bitcoin addresses; 2 Ethereum addresses; one Cardano address, one…
Yesterday, Twitter officially announced that it has added the possibility of receiving tips in Ethereum (ETH). Have you set up Tips on your profile yet so it's easy for people to show their support? Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address. No: What are you waiting for? Here's how: https://t.co/Id5TwTpnCF — Twitter Support (@TwitterSupport) February 16, 2022 Twitter goes beyond Bitcoin: tips in Ethereum After launching tips in Bitcoin (BTC) months ago, the famous social network has now also added the world’s second-largest cryptocurrency. The curious thing is that while…
For the second week in a row, crypto market sentiment has been improving. Crypto market sentiment Last week the average sentiment measured by Omenics overall was 4.86 for the top 10 cryptocurrencies, while it has now risen to 5.41. A fortnight ago it was at 4.39. Bitcoin has performed best in this respect. Already last week, it had the best score among the top 10 at 5.7, but this week it jumped to 6.4, thus moving from the neutral to the positive zone. Crypto sentiment However, the Fear&Greed Index paints a slightly different picture. While it was at 54 a…
During Sunday’s Super Bowl, several ads from crypto companies were aired. Considering that millions of dollars were paid for them, were they worth it? Crypto ads at the Super Bowl First off, it must be said that, as revealed by ESPN, the live TV broadcast is estimated to have been watched by 101 million viewers, up 6% from 2021 and not far off the all-time record of 114 million in 2015. However, the success of commercials varies greatly depending on both the commercial itself and the time it was aired. The one that seems to have been most successful is…
It is well known that when Warren Buffett moves even a small part of his immense capital there is always something of significance, let alone when his investment is not so small, but is $1 billion in shares of Nubank, Latin America’s largest bank for fintech and cryptocurrency trading. Warren Buffett’s investments in Nubank This is actually not the first time Warren Buffett has invested in crypto, but let’s take it step by step. The billionaire’s position on this world has always been very critical in his statements (perhaps as a strategy), but when it comes to facts, things change. …