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Alternate cryptocurrencies / Speculation (Altcoins) / ETH/BTC Price Analysis - A Major Breakout is Coming?
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on: April 06, 2021, 10:01:32 AM
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ETH has stabilized above $2,000 mark for about 4 days. At the press of time, ETH is trading at $2,100 slightly below the all-time high of $2,150, with the market cap spiking to more than $245 billion. The upbeat DeFi industry (most of the DeFi platforms are built on Ethereum blockchain) and the NFTs (Non-fungible Tokens) stimulate the rally in ETH price. Further, more institutional investors have jumped to the ETH world, which make it possible that the bullish trend of ETH will continue.
ETH Technical Outlook - $2,500 will be hit in AprilA look at the 4H chart, it shows that ETH price is consolidating between 2,000 - 2,120. MACD signal lines are in parallel and seem to form another gold fork again, while RSI indicator is trending within the bullish zone.  From the 1-day chart, we notice that ETH is trying to break above the upper band of Bollinger Bands and the 3 bands are trending different directions which means ETH price will be in consolidation for a short-term. However, both the MACD and RSI indicators are giving us bullish signals.  Therefore, we predict that ETH price will soon breakout as bulls target the first resistance at $2,200 and then followed by $2,500. Key Support Levels: $2000, $1950, $1840. Key Resistance Levels: $2100, $2200, $2350. |
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Economy / Service Discussion / Re: May I share Trading Master to You?
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on: March 22, 2021, 07:22:49 AM
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can you provide an overview and examples? Suppose that evidence you have used it, and the results obtained. maybe some attachments that can provide a reference because most of us can't easily be attracted just because the app is friendly on Google Play. we need to be careful. so try to describe the advantages and disadvantages of the application.
Sure wait a minute |
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Economy / Service Discussion / Re: May I share Trading Master to You?
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on: March 22, 2021, 07:05:42 AM
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Does it simulate the real market because if it doesn't then it is a useless app because there are other services that offer paper trading and they are far more established which means that they are more reputable and safe. I think that this thread do belong in the Services Discussion though, you can move it by looking for the Move Topic at the bottom left of this thread and click it then choose the right discussion that it belongs.
Yep, it is a real-time market replay tool. |
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Economy / Speculation / BTC/USD Price Analysis - $72,000 will be the first target
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on: March 11, 2021, 08:19:59 AM
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Bitcoin broke above the $55,000, which completed an ascending triangle pattern. This bullish setup has a target objective at $61,000. The bears attempted to stall the up-move today, but the long tail on the candlestick shows strong buying on dips. The 20-day EMA has turned up and the RSI has climbed close to the overbought area, indicating that bulls are in control.  If the bulls can drive the price above $58,300 again, the rising channel will open. The next major target on the upside is $72,000. Another possibility is that the price may rise above the all-time high, but the bears will try to trap the aggressive bulls and attempt to pull the price below $52,000. In order to reverse the trend, the bears will have to sink the price below the most recent swing low at $43,000. |
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Economy / Speculation / BTC/USD Bullish: $51,400 will be the First Rebounce Target in Next 2 Days
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on: March 02, 2021, 02:30:41 PM
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Bitcoin had a relatively rough time last week as it plunged by more than 30% after reaching a new all-time high of $58,000. The main factor of that “massive” drop was most likely the action in the US Treasuries market. Because of the market general view that US economic recovery will speed up, which will then force the Fed to think about increasing the interest rates earlier than expected. The 10-year Treasury yields rose to 1.60%, the highest level in past one year. Furthermore, the $1.9 trillion stimulus package also suppressed the bitcoin price. Since bitcoin and US Treasury are considered as hedging assets, one becomes more attractive will discourage that of the other. However, BTC/USD has recovered in the past two days as the yields appear to be softening, and strong institutional support. From the fundamental aspects, Bitcoin seems to be more bullish in March. BTC/USD Technical Outlook: Bullish Signals AppearOn the 4H chart, Bitcoin price has broken above 38.2% Fibonacci retracement level. The 15-period and 25-period moving averages weighted have formed a “golden crossover”, which is a bullish signal. Meanwhile, BTC/USD has also climbed above the first support of Pitchfork indicator and is approaching the 23.6% retracement level ($51,400). If it reaches $51,400, the bullish run will continue. Support: $48,500, $47,000, $45,000
Resistance: $49,500, $50,500, $51,500 |
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Economy / Speculation / A 70% Drop May Occur after BTC Hitting Around $68,700
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on: March 02, 2021, 06:56:19 AM
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According to the analysis, Bitcoin is in the Accelerated Uptrend Channel, $68,700 will be the Top in short term. The recent ATH can be considered as at center, then we use the Fibonacci indicator to divide the upper and lower part of the rising channel. Based on the former highest point, we can predict that the Bitcoin price will retrace back to 38% Fib level, which is the starting point of this bull market.  From the above charts, we can notice that before Bitcoin surged to $68,700, there will still be 2/3 of the time that it is trading within the “buy zone”. In the short term, as the uptrend channel converges, the rising pace will accelerate. Then, a massive price correction will follow. However, Bitcoin may break above $100,000 in the relatively long run. If BTC did plummet back to $20,000, then climb to hit $100,000, we will see asymmetry between the peaks. |
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Economy / Exchanges / [ANN] 100% BTC Bonus Giveaways in Bex500 Exchange
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on: March 01, 2021, 07:18:44 AM
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100% BTC Bonus Giveaways [100% Withdrawable]Deposit 1 BTC, you will get 2 BTC credited in your account. Both your deposit and bonus are withdrawable. More details: https://www.bex500.com/activity/ad_bouns Follow Bex500 on:https://www.bex500.com/https://twitter.com/Bex5002 |
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