We are seeing the first signs that miners are feeling confident that their selling activity will be absorbed by the market. A slight rise in miner wallet outflows, albeit small, is still a positive sign. Will we see a further increase this week? https://learn.eqonex.com/news/daily-btc-analysis-189 |
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Bitcoin is up 3% on the day, as the Fed assured the markets that it is in no rush the remove the punch bowl. Stocks rallied, Bitcoin rallied, and everyone rejoiced. The Fed may still taper this year, but that will largely depend on the health of the nation. https://learn.eqonex.com/news/daily-btc-analysis-188 |
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Where we go from here will be decided tomorrow. The annual Jackson Hole event will see the Federal Reserve Chairman provide guidance to the world's market on when, if ever, the Fed might taper their $120B a month asset purchases. https://learn.eqonex.com/news/daily-btc-analysis-187 |
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There has been an increase in exchange balances, which is typically an early indication that the supply hitting the market will dampen price advances. The question is, will this increase in exchange balances just prevent the market from breaking up through 50K or take us down through 47.5K? https://learn.eqonex.com/news/daily-btc-analysis-186 |
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Bitcoin miners are still sitting on their hands: It seems they won't be selling at 50K. We have been patiently waiting for the miners to draw down their BTC holdings. I'm still happy to call such a move a sign of confidence in the market, until we hit 55K—then I'll relabel it greed. https://learn.eqonex.com/news/daily-btc-analysis-184 |
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This weekend’s trading session is now set up for a retest of 50K. I’ve mentioned previously that the first attempt will likely face increased resistance as longs become sellers. Will this weekend see a 50K print? https://learn.eqonex.com/news/daily-btc-analysis-183 |
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Inflows to derivative exchanges are outpacing inflows to spot exchanges. At the extremities of a range, this is often viewed as a good indication of a reversal, and we will continue to watch open interest and volumes. https://learn.eqonex.com/news/daily-btc-analysis-181 |
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I checked it out, and I don't like it, for these reasons: - trading hours limited from morning to afternoon, from Monday to Friday
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Best of luck. Thanks @DavideBaldini for your comments and we’re glad that you have tried our exchange. Please see below our responses to your comments: - The EQONEX exchange runs 24/7, just like the crypto market, and allows traders to trade anytime they want. - Re lending fee, are you referring to the Basis Payment in maintaining Perpetual Futures positions? They are part of our Perpetual Futures product and the payment fluctuates based on the difference between the perpetual contract market and the spot price. You can learn more about it on our Learn Hub: https://learn.eqonex.com/news/perpetuals-trading-series-what-basis-and-why-it-important- Our mission is to Bring Digital Assets to the World in a fair and compliant manner. We attract a wide range of retail, professional and institutional traders, who are interested in crypto and are looking for the right platform to trade with. Feel free to reach out to us at help@eqonex.com if you have any further questions. |
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Given we are sitting just below the critical resistance level of 47.5K, another push higher could be all the market needs to create the momentum to take us back above 50K. Will this week see us break out of the 44K-48K range? https://learn.eqonex.com/news/daily-btc-analysis-180 |
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The broader market has seen strong capital inflows, driving momentum in this mini run. I say mini, because that's all it's proven to be, so far. However, should the bears fail to take the market below 44K, the bulls will have a clear run at 50K. Will this week see the bulls take us above 50K? https://learn.eqonex.com/news/daily-btc-analysis-179 |
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Retracements are healthy: The depth of this retracement is going to hint towards the market's ability to march back into the 50Ks. Should 44K hold, then expect a test of 47K and 50K. A deeper dip to 40.9K will signal that the market is shaping up to form a new trading range, with 41K and 46K as the key levels. How deep will we dip this week? https://learn.eqonex.com/news/daily-btc-analysis-178 |
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The miners are not selling - I recently remarked that once the miners start selling, it's probably a sure sign that the market can absorb the selling pressure. Are they feeling bullish or are they seeing the lack of activity as a sign that maybe we are not quite out of the woods yet? https://learn.eqonex.com/news/daily-btc-analysis-176[url]https://i.imgur.com/WSW01Hb.png[img] |
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