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Wise Analyze
Wise Analyze
followers

My forecast for #Bitcoin hunting stops above last week high worked out ✅ Price collected liquidity there and dumped back to 50788 - that move haven't cleared stops below last weekend swing low at 50647, and so I can't say it fully satisfied market hunger. So either plan stays the same and $BTC will continue hunting for liquidity on more dips, or somehow it gets back above ~52555 and we see more bullishness with a stretch to ~57k and maybe even cover weekly FVG around 61k. From same week point of view momentum is still bullish and no confirmation for reversal yet. So while 57k and 46k are approximately same 11% from current price, upper target has priorities due to the trend. If #BTC correction starts nearest zone of interest starts at 50-50.5k Feb open week candle body Fib from open to close levels for deep correction: 🔷 0.618 at 46113 - correlates with 2022 open at 46210 🔷 0.500 at 45437 - correlates with 11.01/08.02 highs at 45600 🔷 0.382 at 44760 - correlates with 2023 high at 44780 Nearest levels to watch PA: 🔸56975 - Nov'21 close 🔸53245 - Nov'21 low 🔸50413 - Monday NY session high 🔸49027 - January high 🔸48200 - 2022 high 🔸46210 - 2022 open Trend: 4H ▶️ D 🔼 W 🔼 M 🔼 🤑 F&G: 78 < 72 < 75 < 72 < 76

5 days ago
Wise Analyze
Wise Analyze
followers

#Bitcoin haven't moved during the weekend and now at the same price where it finished on Friday. So plan stays the same. Wait for $BTC to wipe out stops above 52859, see how far it pump, maybe start laddering short there. After that buy correction on the way down to 46k If dump happens first, no harm. Just be prepare to load it there. In any case price has no interest to stay at this range any more. Taking trades here has wide stop loss and no sense. Got to see more blood on the streets. Last week candle body Fib from open to close levels: 🔷 0.618 at 46113 - correlates with 2022 open at 46210 🔷 0.500 at 45437 - correlates with 11.01/08.02 highs at 45600 🔷 0.382 at 44760 - correlates with 2023 high at 44780 Nearest levels to watch #BTC PA: 🔸56975 - Nov'21 close 🔸53245 - Nov'21 low 🔸50413 - Monday NY session high 🔸49027 - January high 🔸48200 - 2022 high 🔸46210 - 2022 open Trend: 4H ▶️ D 🔼 W 🔼 M 🔼 🤑 F&G: 75 < 72 < 76 < 72 < 72

7 days ago
DL News
DL News
followers

When Cheryl Shadden invited her family from Washington state to visit her home in Texas she knew there were going to be issues. The Bitcoin mining operation a quarter mile from her property generates a noise like the inside a wind tunnel. And it never stops. “They went, ‘Oh my god, what is this? This is horrible,’” Shadden told DL News. “I knew they were going to say something.” For more than a year, a Bitcoin mining facility owned by Marathon Digital Holdings has been minting the cryptocurrency day and night with about 80,000 fan-cooled computers. The sound has been antagonising the folks in Granbury, a town not far from Fort Worth. Noise this morning before the sun came up. Posted by Bitcoin Noise Hood County on Wednesday, January 17, 2024 Now, Shadden and her fellow residents are becoming increasingly alarmed that the din is causing a slew of health issues. “I have headaches now, and the vertigo is worse,” neighbour Geraldine Lathers told DL News. “You can’t get relief. If I move wrong, I’m dizzy.” Residents have watched in amazement as rabbits, birds, and other wildlife have fled the area to escape the noise. But, she says, before pausing to add: “There sure are a lot of vultures.” Marathon scrambling Marathon, a publicly traded Bitcoin mining company valued at $6 billion, took ownership of the facility in January. The firm is now scrambling to get a handle on the problem. “There are people who are upset by this, and we need to go fix it,” Charlie Schumacher, Marathon’s spokesperson, told DL News. He also shared his doubts. “I’m not aware of anyone ever having medical issues from a Bitcoin mining site,” he said. “If that’s the case, I’d love to see information on it. It’s super important for us to know.” Bitcoin mining has long drawn fire from environmentalists for using so much electricity generated by fossil fuels. US Bitcoin miners produced as much carbon pollution as 3.5 million gasoline-powered cars, The New York Times reported in April. Now, the industry is under pressure to address another mounting problem — noise pollution. Residents in North Carolina, Colorado, Ohio, Tennessee, as well as in Canada and Norway, have complained about noisy Bitcoin mines. In Texas, the problem is escalating into a major headache for the industry. And that’s striking, given that residents of the Lone Star State usually have no problem with all manner of industrial activity, from oil drilling to wind farms to fracking shale. ‘People let us know how it’s impacting their life, with migraines, nosebleeds, vertigo, hearing loss, and seizures.’ Nannette Samuelson, Hood County commissioner With Bitcoin more than doubling in value in the last 12 months, soaring demand may drive an expansion of mining operations. Lawmakers in Georgia and Kentucky have offered mining companies financial incentives to set up shop in their states. Ercot, Texas’ power grid operator, offers mining firms energy credits. If all that wasn’t enough, Bitcoin’s next halving is scheduled for April. This automated process will cut the number of coins provided as a reward to miners by half, to 3.125. Mining companies are expected to ratchet up their computing power to compete. And that means even more noise. Until now, mitigating the clangour from whirring computer boxes has not been a priority, said Zack Voell, a mining researcher. It’s hard enough to manage delicate server farms and the fluctuations of a commodity that may be even more volatile than crypto — electricity. “Mining is a very difficult industry,” Voell told DL News. “So it’s like: ‘Oh, now I’m supposed to worry about noise too?’ That’s like the last thing they’ll think about.” Not so, said Taras Kulyk, CEO of SunnySide Digital, a mining hardware provider. “If you’re a credible operation, of course you care about noise mitigation,” he told DL News. Seizure medicine Shadden agrees. “This is the time. We have to set a precedent here in Texas because this is going to get nothing but worse,” she said. Nannette Samuelson, a county commissioner in Hood County, where Granbury is located, told DL News that she’s been fielding noise complaints for more than a year. “People let us know how it’s impacting their life, with migraines, nosebleeds, vertigo, hearing loss, and seizures,” Samuelson said. “Their animals are on seizure medicine.” Daniel Rohde, who lives about half a mile away from the mining facility, said that the “constant rumble” is beginning to affect his livestock. “It’s starting to spook them out pretty good,” he said. Shadden, a nurse anaesthetist, is as loquacious as she is frustrated. Her determination to drum up action within the community has even earned her a warning from the constable telling her to take it down a notch. She seems unimpressed. “Most people that know me, if you tell me to tone it down, that’s not gonna happen,” she said. “I’m gaining some toeholds with this problem, and this community needs help.” 90 decibels Shadden has been taking sound readings of the Granbury facility since May 2022. She says the thrum has gotten worse in the last six months. She shared readings with DL News taken from her property showing the sound as high as 90 decibels on some occasions, about as loud as a motorcycle engine seven metres away. Shadden says she has taken readings for local authorities, who have asked Marathon to address the problem. Constable John Shirley told DL News that he issued four citations on the facility two weeks ago and an additional four since then. “Every day that I find probable cause to believe that they’re out of compliance with the law, I issue a citation,” he said. Marathon declined to comment on the citations, but has begun making made efforts to address the problem. Jayson Browder, the firm’s head of policy, told DL News that Marathon conducted a sound study and concluded that it is in compliance with Texas state law. In a two-page document that Marathon shared with the Granbury community, seen by DL News, the mining firm said it anticipated adding as many as 30 new jobs and bringing in $2 million in annual tax contributions. Welcome to Granbury, Texas Seated on the Brazos River some 40 miles from Fort Worth, Granbury was named the Best Historic Small Town in America three years in a row by USA Today. The quaint locale of 11,000 has also made headlines for executing one of the most sweeping book bans in the US, targeting themes of gender, sexuality, and race. In 2020, it voted for Donald Trump by a whopping 81%. It was also home to Stewart Rhodes, founder of far-right militia group the Oath Keepers, who last year began serving an 18-year prison sentence for his role in the January 6 riot at the US Capitol. Constable Shirley confirmed to DL News that he was also once a member of the Oath Keepers. He said he left the group before the 2021 attack. The Granbury mining facility covers an area roughly the size of a dozen football fields. It has bounced between different operators over the last couple of years. ‘If we’re within legal limits, how much of a problem is this really?’ Charlie Schumacher, Marathon The facility has been owned and operated by a series of owners since it went online in 2022. That November, Generate Capital, a San Francisco investment firm, bought the facility and tapped a firm called Hut 8 to manage day-to-day operations. The solution: a 24-foot high sound barrier — a giant metal wall filled with insulation — around the site. Completed late last year, the wall covers just one side of the mine, with the other portions protected by a chain-link fence, according to the Hood County News. And it doesn’t work, residents say. “I asked them, ‘Did you get a performance guarantee from the people that built this wall?’” said Commissioner Samuelson. “Because if you did, you need to go back to them and say it didn’t work because people are complaining more now than they were before the wall.” Erin Dermer, a Hut 8 spokesperson, told DL News the firm had “facilitated conversations and obtained third-party recommendations to address the noise concerns.” Ultimately, it was Generate Capital that gave the nod to build the wall, she said, and it was Hut 8 that “oversaw its construction.” Generate Capital didn’t respond to requests for comment. White noise machines In the meantime, residents are turning to unusual methods to cope with the noise. Some are turning to so-called white noise machines, reported Hood County News, a local newspaper. These generate sounds like flowing water or blowing wind and are meant to mask less serene noises like barking dogs or, in this case, a Bitcoin mine. Others are opting for pharmaceutical drugs. Lathers told DL News that she takes “motion sickness medicine like candy.” “These people are miserable. One little lady I was talking to a couple of days ago, she’s physically ill,” said Shadden. “Everybody in her home is physically ill, and her hair’s falling out.” ‘It speaks volumes that they didn’t come today.’ Hood County resident Even though Marathon has been cited by the county, the company insists it is following the law. “There’s nothing that I have been told that indicates that what we’re doing is illegal or that we’re violating sound ordinance laws,” Schumacher told DL News. “If we’re within legal limits, how much of a problem is this really?” Immersion technology Even so, the company is evaluating other ways to reduce the sounds from the facility, including reconfiguring the containers that contain the mining rigs and perhaps moving some to different sites. Schumacher said Marathon might even look into immersion technology, which would entail submerging the mining rigs in what’s called dielectric oil to keep them from overheating. This would allow Marathon to completely dispense with the noisy fans used to cool down the machines in Granbury. The firm has already deployed a similar set-up in Abu Dhabi in an operation that cost $406 million. He said he couldn’t estimate the cost of such a modification in Granbury. The company is also considering the appointment of a community representative to deal directly with residents. But on February 13, Marathon didn’t send a representative to a meeting of the Hood County Commissioners that included a hearing on the issue. “It speaks volumes that they didn’t come today,” said an attendee. Some residents said they wanted the facility shut down until the noise was squelched. One attendee told the audience that the county needed to “keep us little guys in mind,” which was met with applause. While Marathon weighs precisely how to tackle the problem, one thing is clear. “People want the sound to go away,” Samuelson said. “They want their quality of life returned.” Liam Kelly is DL News’ Berlin correspondent. Tom Carreras is a markets correspondent at DL News. Contact them at liam@dlnews.com and tcarreras@dlnews.com.

6 days ago
Wise Analyze
Wise Analyze
followers

#Bitcoin made a dip towards NY session Monday high as expected, but didn't fully cover the gap there. Monday is a national holiday in USA (President's day), so markets will be closed there. That gives us extended weekend volume. And all those wicks to Monday high don't count as US traders don't take this chance to close/open their deals. Therefore I believe it is early to call it the final one. Alts reaction to the dip looks good so far. Majority bounced back where they were and even higher. That indicates that crypto is taking weekend as time to push prices and take profits from longs before the new working week starts. If you entered longs on the dips you can now secure them with SLs at breakeven 👍 Global plan stays the same. High chances to see $BTC wipe out stops above 52859 and high chances to see it dump to 46k after that. Or visa versa. I'm not forecasting the sequence of moves, only the levels that attract price to it. Last week candle body Fib from open to close levels: 🔷 0.618 at 46113 - correlates with 2022 open at 46210 🔷 0.500 at 45437 - correlates with 11.01/08.02 highs at 45600 🔷 0.382 at 44760 - correlates with 2023 high at 44780 Nearest levels to watch #BTC PA: 🔸56975 - Nov'21 close 🔸53245 - Nov'21 low 🔸50413 - Monday NY session high 🔸49027 - January high 🔸48200 - 2022 high 🔸46210 - 2022 open Trend: 4H ▶️ D 🔼 W 🔼 M 🔼 🤑 F&G: 72 < 76 < 72 < 72 < 74

7 days ago
U.Today
U.Today
Wise Analyze
Wise Analyze
followers

#Bitcoin slowing down on daily and moving sideway on 4H. That is when you get ready for some shitshow with pumps and dumps taking out most obvious highs and lows from previous days price action. For the same reason it make sense to take profit from longs in alts and prepare to load them lower. Most obvious level is at Monday's high at 50413, but for the same reason it might not be the level where $BTC stops. Too obvious means it creates a liquidity pool that can be used by whales to create even more liquidity on their liquidations. So be careful there. Next level starts at ~46k. This is the first one where I leave limit orders with less fear to get wiped out. For shorts I'd wait for another manipulation move up. Thursday high at 52859 is the perfect spot for stop hunting before everything goes down. If it goes down, of course, as week chart remains very bullish. So no easy plan here. Last week candle body Fib from open to close levels: 🔷 0.618 at 46113 - correlates with 2022 open at 46210 🔷 0.500 at 45437 - correlates with 11.01/08.02 highs at 45600 🔷 0.382 at 44760 - correlates with 2023 high at 44780 Nearest levels to watch #BTC PA: 🔸56975 - Nov'21 close 🔸53245 - Nov'21 low 🔸50413 - Monday NY session high 🔸49027 - January high 🔸48200 - 2022 high 🔸46210 - 2022 open Trend: 4H ↗️ D 🔼 W 🔼 M 🔼 🤑 F&G : 76 < 72 < 72 < 74 < 79

8 days ago
Cryptopolitan
Cryptopolitan
followers

Jade has been in the cryptocurrency market for a while, and according to him, it has been a delight to watch some currencies start from near zero, wade off criticism, and turn out to be viable products with massive reach. When asked about his history in cryptocurrencies, he responds with, “I can’t take credit for being in the space when it all started with Satoshi and Bitcoin, but with a good position in some major Altcoins, including Ethereum and Doge, it has been an unbelievable ride.’  The truth is that the Altcoin market has changed. New projects are coming out, and while most have similar offerings or offer what already exists, one token stands out from the crowd. Having studied the project, Jade feels the euphoria of investing in Ethereum when it was $5. Solid team, solid architecture, and growing buzz- all in one token, Algotech ($ALGT). What I see in ALGT  As expected, Jade learned about Algotech from a forum. It wasn’t the loudest voice in the forum, but as is his habit, he went online to find out more about it.  The first thing that stood out for him was the underlying architecture. It is uncommon to see automated trading in a decentralized environment, leading him further down the rabbit hole.  The platform seamlessly combines machine learning, Big Data, and AI to help crypto traders get an edge in the fast-paced trading environment.  Apart from this, he was also impressed by the suite of trading strategies, from Momentum Trading to mean reversion. They seem tailor-made for different market conditions and for traders with different risk tolerances.  He’s not one to check prices first, but at the current price of $0.04 and with only 350 million tokens ever to be produced, he accepted that this feels like a good deal.  Drawing comparisons with many cryptocurrency giants and how they started revealed an amazing truth. Solana, Cardano, Polygon, and a flux of other Altcoins were created to rival Ethereum’s dominance, but ALGT was created to power its own platform, Algotech. This makes for no competitor, and its performance is linked to the success of the platform.  Algotech- The Future of Algorithmic Trading  Algotech is a decentralized automated trading platform created to offer better results in the crypto trading terrain through emotionless trading – using algorithms and automation to trade. It offers decentralization, transparency, and low latency to its robust architecture and has beautifully merged Data analysis, AI, and machine learning.  The development timeline for the project is clear, as is the goal, and using Algotech, even the most unknowledgeable trader can deploy adept tools.  Algotech has also incorporated high-frequency trading, so trades can be triggered in record time without glitches.  The AGLT token is the powerhouse of the Algotech platform, and the success of its ongoing presale is admirable.  The future of Algotech is as important to us as its present, and the proposed development features would greatly impress on the $ALGT token. Some of them include:  Advanced Order Types:  Updates like trailing stops and conditional orders give more sophistication to traders.  Risk Management Tools:  Including dynamic position sizing algorithms and portfolio rebalancing features to further enhance risk management capabilities. For more details about this project: Visit Algotech Presale Join The Algotech Community

12 days ago
crypto_sio
crypto_sio
followers

🚨🤔If you don't believe in the end of cryptocurrencies, why don't you believe that the real bull run is coming? what happens if bitcoin stops rising? Quite simply, after the halving it will no longer be worthwhile for the miners and if they stop mining it will set off a chain reaction and the whole market will collapse but that won't happen! Exactly the opposite will happen and Bitcoin will continue to rise to a new all-time high until the halving and explode towards 100,000 after the halving. #Write2Earn #BTC #ORDI #1000SATS #link $BTC $ETH $SOL

22 days ago
Crypto PM
Crypto PM
followers

$BTC #BTC/USDT Analysis Bitcoin (BTC) has experienced a renewed surge after surpassing stops below the critical horizontal support. The Relative Strength Index (RSI) resides in the oversold region, indicative of increased selling activity. Presently, the cryptocurrency is in the process of retesting above the 200-day Moving Average (MA 200). The current scenario suggests the potential for a bullish move, contingent upon Bitcoin maintaining its position above the established horizontal support. As always, careful monitoring of key technical levels and price action is essential to gauge the sustainability of this upward momentum. 📈🔍 #BitcoinAnalysis #TechnicalIndicators #CryptocurrencyTrading #TrendingTopic #TradeNTell

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Bullish Test of 40256 Technical Support – 21 January 2024 Bitcoin (BTC/USD) aimed to sustain some recent advances early in the Asian session as the pair traded as high as the 41749.99 area after finding a bid around the 40245.10 area, representing another successful test of an upside price objective related to buying pressure around the 24900 and 29201.40 levels.  Recent selling pressure around the 49102 and 43569 areas opens up a potential test of downside price objectives around the 39225, 36174, 33123, 29348, and 23246 levels.  Following the recent move to new multi-year highs, areas of technical support and potential buying pressure include the 39857, 37820, 37001, 36250, 34335, 32281, and 30850 levels. Large Stops were elected above the 47934, 48466, and 48647.72 levels during the recent appreciation to multi-year highs, significant technical levels related to historical buying pressure and the all-time high of 69000.  Above the market, upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 42979.23 and the 50-bar MA (Hourly) 41464.83. Technical Support is expected around 40625.68/ 37321.80/ 34950.00 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Clouded Technical Bias – 18 January 2024 Bitcoin (BTC/USD) awaited new technical guidance early in the Asian session as the pair continued to trade above the 41661.16 area, a recent upside price objective related to buying pressure around the 25983 and 29328 levels.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021.  Trading activity has orbited the 42715.80 area for several trading sessions, a downside price objective related to recent selling pressure around the 49102.29 and 46368.67 areas.  After BTC/USD recently depreciated and tested a downside price objective around the 41208.59 area, buying pressure emerged around the 42495 area, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels.  Large Stops were elected above the 47934, 48466, and 48647.72 levels during the recent appreciation to multi-year highs, significant technical levels related to historical buying pressure and the all-time high of 69000.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the  41208, 39343, and 36329 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 43384.03 and the 50-bar MA (Hourly) 42764.89. Technical Support is expected around 40625.68/ 37321.80/ 34950.00 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Key Technical Levels Dominating – 17 January 2024 Bitcoin (BTC/USD) continued to trade around key technical levels early in the Asian session as the pair was capped around the 43112.62 area, representing a test of the 61.8% retracement of the depreciating range from 45000 to 40150.   Trading activity has orbited the 42715.80 area for several trading sessions, a downside price objective related to recent selling pressure around the 49102.29 and 46368.67 areas.  After BTC/USD recently tested a downside price objective around the 41208.59 area, buying pressure emerged around the 42495 area, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021. Large Stops were elected above the 47934, 48466, and 48647.72 levels during the recent appreciation to multi-year highs, significant technical levels related to historical buying pressure and the all-time high of 69000.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 42002, 41717, 41208, 39343, and 36329 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 43348.47 and the 50-bar MA (Hourly) 42736.59. Technical Support is expected around 42498.13/ 40625.68/ 37321.80 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Breather After Testing 49161 Historical Technicals – 13 January 2024 Bitcoin (BTC/USD) took a respite early in the Asian session as the pair gave back some recent gains after rocketing higher to the 49102.29 area, its strongest print since late December 2021.  Bulls pushed BTC/USD sharply higher to multi-year highs and tested the 49161 area, an upside price objective related to buying pressure around the 15460 and 24900 levels.  Major Stops were elected above the 47934 area during the appreciation, an upside price objective related to buying pressure around the 24900 and 34758 levels.  Lighter Stops were triggered above the 48466 level during the climb, an upside price objective related to more recent buying pressure around the 34758 and 40625 levels.  Bulls succeeded in finally electing Stops above the 48647.72 area, representing the 61.8% retracement of the depreciating range from the all-time high of 69,000 to 15460.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 44863, 44626, 43863, 43390, and 41930 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 44985.39 and the 100-bar MA (Hourly) 46250.43. Technical Support is expected around 42498.13/ 40625.68/ 37321.80 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Orbiting 50-Hour Moving Average – 16 January 2024 Bitcoin (BTC/USD) remained lightly on the defensive early in the Asian session as the pair awaited new technical guidance after being recent sell-offs that saw prints at lower levels including the 41444.97 and 41680 areas.   The depreciation to recent lows represented a test of a downside price objective around the 41208.59 area that is related to recent selling pressure around the 49102.29 and 46368.85 levels.  Buying pressure later emerged around the 42495 area during the recovery, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021. Large Stops were elected above the 47934, 48466, and 48647.72 levels during the appreciation, significant technical levels related to historical buying pressure and the all-time high of 69000.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 42002, 41717, 41208, 39343, and 36329 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 43357.09 and the 50-bar MA (Hourly) 42732.21. Technical Support is expected around 42498.13/ 40625.68/ 37321.80 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 1 month ago
Wise Analyze
Wise Analyze
followers

#Bitcoin holds for 2023 close so far. As long as it does bounce to 2023 high and up to 45500 remains valid. It will be the target for a bounce in any case, even if price dumps lower first. The only atter is time it will take to come back. That target above is same inevitable as another dip, that should wipe stops below ~40.3 and reach 39k at least. Today burgers start trading after prolonged weekend, so expect some volatility kick in $BTC chart around 13 UTC (in 4+ hours). Main levels to watch PA: 🔸48200 - 2022 high 🔸46200 - 2022 open 🔸44779 - 2023 high 🔸43916 - week open 🔸42314 - 2023 close 🔸39640-40325 - DTF CME gap #BTC 4H EMAs: 🔻 55 at 43812 🔻 233 at 42853 🔼 987 at 36055

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Narrow Ranges After 41402 Tested – 15 January 2024 Bitcoin (BTC/USD) lacked a clear technical bias early in the Asian session as the pair failed to establish much of a range after testing the 41402.96 area, a recent upside price objective related to buying pressure around the 26521.32 area.   Downward pressure resulted in a recent tumble to the 41444.97 area, representing a test of a downside price objective around the 41208.59 area that is related to recent selling pressure around the 49102.29 and 46368.85 levels.  Buying pressure later emerged around the 42495 area during the recovery, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021. Large Stops were elected above the 47934, 48466, and 48647.72 levels during the appreciation, significant technical levels related to historical buying pressure and the all-time high of 69000.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 42002, 41717, 41208, 39343, and 36329 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 43390.53 and the 50-bar MA (Hourly) 43830.09. Technical Support is expected around 42498.13/ 40625.68/ 37321.80 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.  

about 1 month ago
Crypto Daily™
Crypto Daily™
followers

Bitcoin (BTC) Price Analysis:  Direction Sought After Testing 41208 – 14 January 2024 Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair attempted to pare some recent profit-taking selling activity that resulted in an acute decline to the 41444.97 area.  The move to this area represented a test of a downside price objective around the 41208.59 area that is related to recent selling pressure around the 49102.29 and 46368.85 levels.  Buying pressure later emerged around the 42495 area during the recovery, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021. Large Stops were elected above the 47934, 48466, and 48647.72 levels during the appreciation, significant technical levels related to historical buying pressure and the all-time high of 69000.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 42002, 41717, 41208, 39343, and 36329 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 43809.63 and the 50-bar MA (Hourly) 44642.31. Technical Support is expected around 42498.13/ 40625.68/ 37321.80 with Stops expected below. Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.   On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.                                    Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 1 month ago
Dr Joshua
Dr Joshua
followers

Proof of work doesn't waste energy; it stops energy from being wasted. #Bitcoin is great for the environment 👍 $BTC $ETH $BNB

about 2 months ago

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