Bitcoin Analyst Reveals What's Holding Price Above $10K ...

r/CryptoMarkets

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Analyse trends, sentiment and news

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Bitcoin price trend analysis - in CryptoPurview Trading analysis

Bitcoin price trend analysis - in CryptoPurview Trading analysis submitted by OneBlockAwayICO to bitcointrading [link] [comments]

Bitcoin price trend analysis - in CryptoPurview Trading analysis

Bitcoin price trend analysis - in CryptoPurview Trading analysis submitted by OneBlockAwayICO to CryptoPurview [link] [comments]

Altcoin season is here. BAT one of my top 5 picks

Altcoin season is here. BAT one of my top 5 picks
Many expect BTC is currently forming a descending triangle pattern and approaching near the apex of the breakout. Interestingly, around the same time, Bakkt will launch its Daily/Monthly Bitcoin futures contract on 23rd Sept.
Many assume today that interest among institutional investors is high for Bitcoin. What if Bakkt turns out to have a similar fate as VanEck SolidX Bitcoin Trust 144A Shares where only 1 basket (for 4 BTC) was purchased since its launch (5th Sept).
As of now, the market is indecisive on which direction it will break. Another proposal suggest that current patterns have little to support the descending triangle argument and more like a descending channel pattern which may attempt to break out its upper boundaries soon, however, if bulls fail to break $10,900 resistance level, we may experience a long bear market to come where BTC prices may go as low as $6000.
https://cryptopurview.com/altcoin-season-may-be-at-the-edge/
Comparison of both patterns.
https://preview.redd.it/x4i58njvu6n31.png?width=624&format=png&auto=webp&s=8f5f59f1aa7f97206092f25b46efd6d7c871ad08
BTC drop may be a signal for the altcoin market.
Currently, BTC dominance stands at 70% and based on technical signals, BTC dominance has complete 5-cycles of an impulse wave and may soon see a correction. In another indicator of the altcoin market cap, RSI levels suggest that altcoin is at oversold levels (26). An opportunity for buyers, as indicators suggest that the altcoin market could soon gain momentum from here.
BTC dominance finishes an impulse wave. RSI at oversold levels
https://preview.redd.it/dsk80ftyu6n31.png?width=624&format=png&auto=webp&s=e56ff10ae9a3f9ba32145a18575ce8849baec978
RSI indicates altcoin market cap at oversold levels
This was recently apparent in the surge of ETH prices. While this is not convincing enough to indicate a trend reversal, the excitement comes from the interpretation that if Ether bottoms and reverses course, other ailing altcoins will follow suit. Traders remember December 2018 period where Ether kickstarted the rally and triggered the altcoin season.
As per another indicator - Altcoin market cap, the Stoch RSI levels indicate that the RSI is near the extremes of its recent readings i.e. oversold level. Hopefully, altcoin dominance is at the edge of the upward trendline and could gain a healthy bounce from here.
Stoch RSI for Altcoin marketcap at oversold levels
Top Altcoins with greatest opportunity other than ETH:
Disclaimer: The views and opinions expressed here are of the author. Every investment involves risk. You should conduct your own research when making a decision.
(arranged in alphabetic order)
> Atom
Cosmos, a Tendermint BFT consensus that uses Proof-of-Stake. Recently Atom was selected by Coinbase for a future potential listing in Coinbase pro. Currently, Cosmos has 190 registered validators and on average has 100-120 active validators all the time and the main-net was launched in March 2019. Atom last week spiked most and continues its upward movement.
> BAT
The native token used in the ecosystem of Brave, A privacy-preserving browser that has more than 30 Million downloads (as per Google play stats). Currently, the team is planning to integrate BAT's own wallet which will allow users to seamlessly connect their Wallets with dApps.
BAT team has also implemented a Twitter tip option and has partnered with the TAP network where BAT token can be used to buy goods/ services from 250,000 provides which includes hotel vouchers.
BAT token was recently added to the list of Gemini custody services for new cryptocurrencies.
> Harmony
Launched recently in June 2019, Harmony has been the attention point of several influencers and is building one of the most advanced blockchain platforms. Recently, Lympo, a health-tracking dApp which has a partnership with Samsung decided to migrate from Ethereum to Harmony blockchain platform.
Also, Harmony joint acquisition with Animoca brands of Quidd will be migrated to Harmony blockchain. Quidd has more than 7 Million digital asset collectors and hosts 60 Million collectibles. With this integration, it could build an endless opportunity for the blockchain gaming community.
Along with Atom and Matic, Harmony was also selected by Coinbase for a potential future listing in Coinbase pro. Harmony also has one of the largest decentralized validator networks. In a very short time, Harmony attracted 360+ validators and has 800+ confirmed node validators in the pipeline. Together (external+pangaera sign-ups+internal) could grow to 2400 nodes.
> Link
A decentralized oracle, which brings data from real-world and stores in the blockchain. The ChainLink data can be used for building Defi projects or betting apps. For example, using ChainLink oracles, betting apps provide more transparency to their users.
ChainLink recently partnered with Google and many blockchain projects are planning to integrate ChainLink oracles in their infrastructure, like, Harmony, Elrond.
> Matic
One of the biggest gainers in 2019. Matic uses plasma solution, as a side-chain to scale Ethereum. Coinbase ventures are one of the investors in the project. The project tech has shown interest from many dApp developers. Matic is also planning a side-chain solution for Bitcoin and other blockchain platforms.

So, which ones you following......
submitted by OneBlockAwayICO to BATProject [link] [comments]

Emerging Opportunities in Bitcoin Market with Current Trends Analysis (current BTC/USD price is $11,612.03)

Latest Bitcoin News:
Emerging Opportunities in Bitcoin Market with Current Trends Analysis
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Hello community, I come to share my bitcoin analysis. For that I put the dollar prices in the daily period, another important indicator that I used was google trends, I did the research using the word bitcoin, in the last 5 years, all over the world I made a graph combining the values.

Hello community, I come to share my bitcoin analysis. For that I put the dollar prices in the daily period, another important indicator that I used was google trends, I did the research using the word bitcoin, in the last 5 years, all over the world I made a graph combining the values. submitted by midasilva to Bitcoin [link] [comments]

Our Hourly Asset Analysis provides you with ONE simple indicator that analyses multiple indicators to give you the market trend! Read how it works: https://swissborg.com/blog/forecast-bitcoin-price-hourly-asset-analysis Download the app:https://app.adjust.com/b73t2o5?fallback=https%3A%2F%2Fswissborg

Our Hourly Asset Analysis provides you with ONE simple indicator that analyses multiple indicators to give you the market trend! Read how it works: https://swissborg.com/blog/forecast-bitcoin-price-hourly-asset-analysis Download the app:https://app.adjust.com/b73t2o5?fallback=https%3A%2F%2Fswissborg submitted by sisiborg to swissborg [link] [comments]

Bitcoin News and Price update - Trend Analysis May 2020

Bitcoin News and Price update - Trend Analysis May 2020 submitted by CryptoFishNews to u/CryptoFishNews [link] [comments]

Bitcoin Price Analysis: BTC Might Drop Beneath $4,800 Again If It Breaks THIS Short Term Trend Line

Bitcoin Price Analysis: BTC Might Drop Beneath $4,800 Again If It Breaks THIS Short Term Trend Line submitted by asmajda to CryptoStock [link] [comments]

Bitcoin Price Analysis: BTC Might Drop Beneath $4,800 Again If It Breaks THIS Short Term Trend Line

Bitcoin Price Analysis: BTC Might Drop Beneath $4,800 Again If It Breaks THIS Short Term Trend Line submitted by n4bb to CoinPath [link] [comments]

Bitcoin Price Analysis: BTC/USD Long-Term Trend Correction

submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Price Analysis: BTC/USD New Trend Channel Forming

Bitcoin Price Analysis: BTC/USD New Trend Channel Forming submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Price Analysis: BTC/USD Bullish Trend Line Support

Bitcoin Price Analysis: BTC/USD Bullish Trend Line Support submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Price Analysis: BTC/USD Short-Term Trend Picking Up

Bitcoin Price Analysis: BTC/USD Short-Term Trend Picking Up submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Price Analysis: BTC/USD Long-Term Trend Picking Up

Bitcoin Price Analysis: BTC/USD Long-Term Trend Picking Up submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Price Analysis: BTC/USD Bearish Trend Continuation at $9,000?

Bitcoin Price Analysis: BTC/USD Bearish Trend Continuation at $9,000? submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Price Technical Analysis (Oct. 29): Trending Sideways After the Big Rally - AllStocks Network

Bitcoin Price Technical Analysis (Oct. 29): Trending Sideways After the Big Rally - AllStocks Network submitted by All-Stocks to AllStocksNetwork [link] [comments]

Bitcoin Price Technical Analysis (Oct. 16): Trending Sideways with Negative Sentiment - AllStocks Network

Bitcoin Price Technical Analysis (Oct. 16): Trending Sideways with Negative Sentiment - AllStocks Network submitted by All-Stocks to AllStocksNetwork [link] [comments]

Bitcoin Trading In $300 Range as Trend Evaporates, Breakout Likely Soon - Price Analysis

Bitcoin Trading In $300 Range as Trend Evaporates, Breakout Likely Soon - Price Analysis submitted by n4bb to CoinPath [link] [comments]

Bitcoin Cash Price Analysis - BCH Momentum is in an Upward Trend

Bitcoin Cash Price Analysis - BCH Momentum is in an Upward Trend submitted by bitcoingang to Bitcoincash [link] [comments]

Bitcoin Trading In $300 Range as Trend Evaporates, Breakout Likely Soon – Price Analysis

Bitcoin Trading In $300 Range as Trend Evaporates, Breakout Likely Soon – Price Analysis submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Bitcoin Starts Trending Down After Breaking Supports – Price Analysis

Bitcoin Starts Trending Down After Breaking Supports – Price Analysis submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Bitcoin Starts Trending Down After Breaking Supports - Price Analysis

Bitcoin Starts Trending Down After Breaking Supports - Price Analysis submitted by n4bb to CoinPath [link] [comments]

The BITCOIN Trend NOBODY is Seeing?!! ⚠️Crypto Analysis TA ... $40,000 BITCOIN BY SPRING 2020 - BTC PRICE TREND Most Realistic Bitcoin Price Prediction for June 2020 ... Bitcoin This Trend Is Your Friend - August 2020 Price ... Bitcoin's Long Term Trend Suggests THIS! August 2020 Price ...

Bitcoin has shown an extreme resilience against bears that want to crash its spot rate below $10,000. And an on-chain analyst explains why. Forex professional Cole Garner issued a string of tweets earlier Tuesday to illustrate a divergence between Bitcoin’s bearish price moves and its growing network activity last week. The cryptocurrency fell to as low as $10,427 on Thursday. Bitcoin price range narrowed to 1.5%. Fixing above $9800 buyers will continue active growth to $10,500. To change the local trend, it is enough for sellers to fix below $9600. The fourth day of trading in Bitcoin market is consolidation and daily candles are closing in the range $9660-9770. Follow the Bitcoin price live with the interactive, real-time chart and read our expert articles on the latest BTC news, forecast and technical analysis. Bitcoin is developing a new swing trade long signal in a location that is less than ideal. Since the broader trend is BULLISH, we are open to the trade idea because overall probability still favors a bullish breakout. Recent price action has established a consolidation which is a series of lower highs and higher lows (also known as a triangle). Bitcoin price trend analysis. Bitcoin has had a good 2020 to date, breaking through $12,000 on August 18 and reaching its highest level since August 2019. It has recently given back some of the gains, trading in a tight range around $10,500. Looking at the BTC price trend, there’s short-term resistance around the $10,800 level. Momentum ...

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The BITCOIN Trend NOBODY is Seeing?!! ⚠️Crypto Analysis TA ...

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