February 8 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.61% over the last 24 hours and rose to an intraday high of $23,452.99. The largest cryptocurrency moved back above $23,000. Recent daily candles and the relative strength index suggest the bullish momentum is cooling. The bulls will try to push the BTC/USDT pair above $24,263 and challenge the $25,000 price level. However, if the price turns down and drops below $23,000, the BTC/USDT pair could find support between $22,800 and the 20-day exponential moving average ($22,605).
Today’s Cryptocurrency Headline
Lido Announces V2 Upgrade Plan
Lido, the liquidity staking protocol, announced the V2 upgrade plan, which will allow stETH holders to withdraw directly from the Beacon Chain at a ratio of 1:1. Additionally, Lido announced a new feature called Staking Router, A new modular architecture that allows anyone (incl. solo stakers) to become a Node Operator.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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Febuary 7 BTCUSD BingX Chart Analysis and Today's HeadlineDCG Plans to Sell Genesis Trading and Lending Unit
Join the Trading Community: Learn & Earn with BingX.
Today’s Cryptocurrency Headline
The DCG creditor agreement revealed that DCG plans to sell its subsidiary Genesis' crypto trading business as well as its lending arm as part of the bankruptcy process. Earlier on Monday, DCG and Genesis had reached an agreement with major creditors on a restructuring plan. The major deal includes closing Genesis' loan book and selling the bankrupt Genesis entity, according to people familiar with the matter. The term sheet also involves refinancing the outstanding loans where DCG borrowed $500 million in cash and about $100 million worth of bitcoin (BTC) from Genesis.
According to CoinShare, digital asset investment products saw inflows totaling US$76m last week. Bitcoin is down 0.08% over the last 24 hours and fell to an intraday low of $22,634.00. The largest cryptocurrency has pulled back to the support zone between $22,800 and the 20-day 20-day exponential moving average ($22,485), and the relative strength index dropped below the overbought zone, suggesting the market is cooling down. If the price rebounds from here, the bulls will try to push the BTC/USDT pair above $24,263 and challenge the $25,000 price level. If the price turns down and breaks below the 20-day EMA, the BTC/USDT pair could find support around the 50-day exponential moving average ($20,722).
February 7 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
*In arrow movement path
1. $22963 long position entry section / stop loss when breaking the green support line -> $23406 gap section 1st target
Keep an eye on the Nasdaq movement.
This week, I hope there will be a good movement in the Minor altcoin as the morning strategy.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
February 6 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Bitcoin 30 minute chart.
Recently, the price has continued to decline to the right without any significant fluctuations.
Upper gap (this week) / Lower gap based on 2 weeks ago
Because the current position is the major support line in the pattern
Based on Nasdaq's upward trend or extreme sideways trend
Since Bitcoin has a fast turnover rate, we carried out a long position strategy.
*In arrow movement path
One-way long position strategy
1. $22847.5 entry into long position / stop loss when breaking the green support line
-> Gap $23,406 1st target -> Top price $23636.5 Final target
The current position is a position with some power.
Because the judgment can be ambiguous in the case of sideways
The stop loss progressed leisurely to the green support line.
For normal movement,
It seems that the purple support line will not be easily broken at the current position.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
February 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the US Department of Labor, non-farm payrolls jumped by 517,000 in January, while economists had been expecting a rise of 170,000. Bitcoin is down 1.93% over the last 24 hours and fell to an intraday low of $22,743.00. The largest cryptocurrency fell below the $23,000 price level due to unexpected non-farm payroll data. The most recent non-farm payroll data shows that the US job remains hot and inflation might rise again. In the short term, if the BTC/USDT pair holds above the current $22,800 level, the price could surge to $25,000. However, if the price drops below $22,800, the BTC/USDT pair could find support around the 20-day exponential moving average ($22,470).
Today’s Cryptocurrency Headline
WisdomTree's Cryptocurrency Holdings Drop to $136 Million
New York-based asset manager WisdomTree reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $357 million a year earlier. The company saw a net loss of $28.3 million during the period, compared with a profit of $11.2 million a year earlier. Meanwhile, operating income fell to $73.3 million from $79.2 million in the previous fourth quarter. In addition, WisdomTree’s net inflows in the fourth quarter of last year were $5.3 billion, mainly into fixed income, US stocks and commodities products, while net inflows from cryptocurrencies totalled $4 million.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
February 3 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
I think there are a lot of people with long arms.
Let's try again today.
*In light blue finger movement path
long position strategy
1. $23309.5 long position entry section / Stop loss when breaking the green support line -> $24082 long position target
Depending on the situation, the green support line can become a major rebound zone.
A breakout of the green support line could lead to further corrections starting next week.
My analysis is for reference only.
I hope you will operate safely with principle trading / stop loss essential.
Have a good weekend
thank you.
February 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 1.55% over the last 24 hours and fell to an intraday low of $23,367.50. The largest cryptocurrency rose above the $24,000 price level yesterday, but the price could not maintain above $24,000, suggesting the seller remains active at a higher level. The upsloping moving averages and the relative strength index (RSI) near the overbought zone suggest that bulls are in control. The bulls will attempt to thrust the price above $24,000. If they succeed, the BTC/USDT pair could rise to $25,000.
Today’s Cryptocurrency Headline
VC Investment in Cryptocurrency Companies Plunged 91% in January
Investments in cryptocurrency companies plummeted 91% in January from a year earlier, according to CoinDesk. Venture capital (VC) and other investments in privately held crypto startups amounted to $548 million last month, a huge drop from $6 billion in January 2022. The number of deals fell from 166 to 62, and most of the 2023 deals were for smaller, early-stage companies. In January 2022, there were 17 rounds of investment exceeding US$100 million, while this year there was only 1 financing of more than US$100 million.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
February 2 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
If you have a "follower"
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If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
*In light blue finger movement path
1. $23684 long position entry section / stop loss when breaking the green support line -> $24671.5 long position target.
I might miss the entry point
I did it as tight as possible.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
Febuary 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The US Federal Reserve announced a 25 basis point increase in its benchmark interest rate to a range of 4.5% to 4.75%, the smallest increase since March last year. Bitcoin is up 3.73% over the last 24 hours and rose to an intraday high of $24,263.89. The largest cryptocurrency rose above $23,800 after the Fed's interest rate decision as the results are in line with the expectation. Investors will focus on more information in the next two days, including initial jobless claims, tech company earnings reports on Thursday, such as Amazon (AMZN) and Alphabet (GOOGL), and unemployment data on Friday. If the results are better-than-expected, the BTC/USDT pair could rise to $25,000.
Today’s Cryptocurrency Headline
ImmutableX to Launch All-In-One Web3 Gaming Passport System
ImmutableX, the Ethereum scaling system, plans to launch the all-in-one pass system Immutable Passport in April this year, aiming to provide Web3 gamers with non-custodial wallet, player profile, and identity verification solutions, and help Web3 game studios attract new players. According to reports, Immutable Passport is similar to Xbox Gamertag or Apple ID. It does not require a password when logging in, does not retain the user's private key, and does not participate in signing transactions. Players will be able to access tools integrated into Immutable Passport, including digital wallets, fraud protection, and seamless authentication across Web3 games and marketplaces.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
February 1 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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You can receive comment notifications on real-time travel routes and major sections.
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Bitcoin 30 minute chart.
It is a one-way short position strategy.
To be precise, it is a long -> short -> long switching strategy.
*At the red arrow path
1. $22969.5 long position entry section / stop loss when light blue support line breaks / long position target $23296.5
2. $23296.5 short position switching / stop loss when the red resistance line is broken
3. $22795 long position switching / stop loss when breaking the light blue support line
Today, due to the announcement of interest rates, there are many variables including Nasdaq.
I was able to afford to lose my hand.
In case of falling from the current position,
Please refer to the 3 sections of the light blue finger gap at the bottom -> Bottom price.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
January 31 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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You can receive comment notifications on real-time travel routes and major sections.
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Bitcoin 30 minute chart.
In the case of Bitcoin
There is no danger signal, and the pattern is broken, but it is a condition for a rebound.
Same as yesterday, I will go long position again.
*In arrow movement path
One-way long position strategy
1. $22870.5 long position entry section / stop loss when green support line breaks / $23189.5 long position 1st target -> Good final target
In case of a correction or further decline, pay attention to the Gap3 section.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
January 30 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
*In light blue finger movement path
1. Entry into long position at $22,968 / stop loss when breaking the green support line
The price target is $22563.5 up to the top price.
The Gap4 return is completed with the adjustment a little while ago.
Even the Nasdaq variable took a break.
In addition, the purple support line must not be broken until after 9:00, when the 12-hour bar is created.
Your strategy will increase your chances of success.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
January 27 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
This is a one-way neutral strategy.
Today, the potential for sideways movement is very high.
# As indicated above, there is a possibility of whipsaw
#Bitcoin pattern, Gap3 retracement is correct
# In the case of Nasdaq, it is upward trending
A total of three branching points.
Please pay attention to the sideways section of the orange resistance line / green support line.
*I focused on the upward arrow path.
1. Entry into long position at $22914 / stop loss when breaking the green support line
2. $23424.5 short position / stop loss when the red resistance line is broken
3. $22646.5 long position switching / stop loss when breaking the orange support line
The probability of success is very low as there are many diverging points.
In case of further decline or strategy failure,
At the bottom, the sky blue finger -> purple finger section is displayed, so please refer to it.
I hope you operate well according to real-time movement.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
January 26 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way short position strategy.
To be precise, it is a short -> long switching strategy.
*In light blue finger movement path
1. $22972.5 short position / stop loss when orange resistance line is broken
2. $22,176 long position switching / stop loss when breaking the light blue support line
The long position target is $23154.5,
Because it is a rebound after Gap3 retracement
You may continue to take the long position trend again.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
Bitcoin bybit chart analysis January 25
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It's a Bitcoinguide.
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I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
arrow path
1. $22631.5 entry into long position / stop loss when completely breaking the green support line
$23010 -> $23283.5 long position target
Please pay attention to the Nasdaq movement and the Gap3 section at the bottom.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
January 25 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
arrow path
1. $22631.5 entry into long position / stop loss when completely breaking the green support line
$23010 -> $23283.5 long position target
Please pay attention to the Nasdaq movement and the Gap3 section at the bottom.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
January 20 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
This is a one-way long position strategy on the 30-minute chart.
*In arrow movement path
1. Entry into long position at $20872 / Stop loss when breaking the green support line / Target is $21730
according to Nasdaq
Bitcoin is also unable to catch the direction and continues to move sideways.
With the Nasdaq as the focus, I made a strategy to the degree of upward trend,
Long and short no positions, principle trading and stop loss are required for each position, so please operate safely.
Happy New Year's Day.
thank you.
✴️ Beyond Shibarium (75%, 144% & 213%)Here is how you can tell that Shiba Inu will do better than many other altcoins in this cycle.
Jan. 2023/Dec. 2022 vs June 2022... That's it, did you get it?
We have a higher low in Jan/Dec vs June '22 for SHIBUSDT.
If you look around other pairs, many hit a lower low in this same time window... Which means that the market had to look for liquidity before being able to push prices up.
This is not the case for Shiba Inu.
A higher low tells the contrary, the market couldn't push prices lower so it has to reverse because the support is too strong.
Liquidity can be found higher and so higher it goes.
Shiba Inu is now growing strong above MA200 with a super-bullish RSI...
We can aim up and up and up... It will be nice/fun to see how far up it can go.
My guess is shown on the chart.
Namaste.
January 19 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way short position strategy.
To be precise, it is a short -> long switching strategy.
Light blue finger movement path
1. $20729.5 short position entry section / stop loss when orange resistance line completely breaks through
2. Long position switching at 19808.5 USD / stop loss when breaking the light blue support line
The long position target is $20746.5.
My analysis is for reference only, please.
I hope you operate safely with principle trading / stop loss essential
thank you.
January 18 Bitcoin Bybit chart analysis
Hello
It's a Bitcoin guide.
I'm posting an analysis after a long time because of circumstances.
I prepared hard.
I hope this helps you when trading.
This is a one-way long position strategy on the Bitcoin 30-minute chart.
If you are not already entry
If you touch the red resistance line first, it would be nice to hold the stop loss and try the opposite trade.
Light blue finger movement path
*20639.5 long position entry section / stop loss when the purple support line completely breaks -> 21780 target
There is a Nasdaq index announcement at 10:30, so refer to it.
Within the red resistance/purple support line
Because of the high probability of
Waiting in the next position seems more advantageous than chasing.
Based on the maintenance of the purple support line, the job alt movement on the spot exchange will also look good.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
✴️ The Weekly Timeframe Reveals Shiba Inu's True PotentialWhile on the daily timeframe things can see over-extended, a clearer picture comes up when we zoom out and go long-term.
Shiba Inu (SHIBUSDT) just this week moved above EMA10... That's only the first barrier and candle closure is needed for confirmation, another day.
First and easy target is set at 30% potential or 0.00001315.
Going higher, 100% is possible at 0.00002122.
We are happy with 100% but there can be much more if one has the ability to wait.
Additional details on the chart.
Namaste.
January 12 Bitcoin Bybit chart analysis
hello
A guide to Bitcoin.
long time no see.
It is also planned to be reorganized in the future.
Today is an important CPI announcement day.
We will proceed with full disclosure.
Bitcoin 30 minute chart.
It is a light blue finger one-way long position strategy.
*17942 Long / Stop Loss when breaking the green support line / The final target is Good -> $19329.5.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
for #bnb we will be finding out!For Binance Coin, it must be said that what we are considering has not been formed yet!
But with a simple look at the #market situation and the conditions that occurred in the last few months, it is not possible to say whether #Binance #Coin will be an exception to this rule or not.
What you see below this chart are very important lines that have shown their validity in the price structure and the chart, and what can be said is that we cannot be certain about the possible path that may take place in the last few months. Kand commented, only the lines and ranges have been determined for further investigation.
Please note that our main idea about ##Bitcoin is still bearish and it seems that the market does not have enough value for investment in larger time frames.