Bitcoin is currently at support and as long as that area holds, the upside targets are still active.
On a weekly timeframe, we got rejected by the resistance and that’s not good signs for bulls.
As I said, as long as the green area holds, target at $9250 is still active.
Otherwise, we’re going to target a low $8k area.
On a weekly timeframe, we got rejected by the resistance and that’s not good signs for bulls.
As I said, as long as the green area holds, target at $9250 is still active.
Otherwise, we’re going to target a low $8k area.
Coronavirus is fundamentally bullish for Bitcoin
Have you seen how in China they are disinfecting paper money?
As the virus stays alive on surfaces, people and the Chinese government are moving to credit cards, Alipay etc and of course, this is in favor of Crypto. Crypto needs nothing to touch. Completely hygienic.
This crisis is becoming a traumatic experience and one thing out of it will be that people won't want to touch "dirty" money anymore because they don't know if a virus will transmit. All it needs is to touch virus-infected money someone sneezed on or coughed on. (Virus stays alive for minimum 5 days and up to 3 weeks).
The bottom line is that paper money will get a big blow throughout the world once the media outside China starts reporting money as the porter of the virus from person to person. Then people won't want to touch money and will want alternatives.
Take the financial crisis, potential hyperinflation and combination with hygienic reasons, we have crypto becoming the only means of the financial transaction other than gold, silver.
P.S. This text was written by one of our members. Thank you for contributing to our channel 🙏
Have you seen how in China they are disinfecting paper money?
As the virus stays alive on surfaces, people and the Chinese government are moving to credit cards, Alipay etc and of course, this is in favor of Crypto. Crypto needs nothing to touch. Completely hygienic.
This crisis is becoming a traumatic experience and one thing out of it will be that people won't want to touch "dirty" money anymore because they don't know if a virus will transmit. All it needs is to touch virus-infected money someone sneezed on or coughed on. (Virus stays alive for minimum 5 days and up to 3 weeks).
The bottom line is that paper money will get a big blow throughout the world once the media outside China starts reporting money as the porter of the virus from person to person. Then people won't want to touch money and will want alternatives.
Take the financial crisis, potential hyperinflation and combination with hygienic reasons, we have crypto becoming the only means of the financial transaction other than gold, silver.
P.S. This text was written by one of our members. Thank you for contributing to our channel 🙏
The central bank cut interest rates by half a percentage point, its biggest single cut in more than a decade, as a pre-emptive move to protect the economy from the coronavirus.
In an extraordinary attempt to contain the coronavirus’s economic fallout, the Federal Reserve slashed interest rates on Tuesday as policymakers unanimously approved their biggest one-time cut — and first emergency rate move — since the depths of the 2008 financial crisis.
This sudden move won't help the stock market if coronavirus continues spreading across the globe—currently, the major outbreaks taking hold in South Korea, Japan, Iran and Italy.
Everything is fine 🙃
In an extraordinary attempt to contain the coronavirus’s economic fallout, the Federal Reserve slashed interest rates on Tuesday as policymakers unanimously approved their biggest one-time cut — and first emergency rate move — since the depths of the 2008 financial crisis.
This sudden move won't help the stock market if coronavirus continues spreading across the globe—currently, the major outbreaks taking hold in South Korea, Japan, Iran and Italy.
Everything is fine 🙃
Bitcoin close to beginning a new trend and ending up this consolidation.
For a move up, we need close above resistance while a close below the support would probably lead to a new low.
What’s more likely to happen?
I give more chances to move up because of all fundamentals in the market that are in favor of Bitcoin.
If it doesn't go up after all these bullish fundamentals, I would be really worried for it's future.
Upcoming halving, coronavirus, Federal Reserve rate cut, Indian government canceled the ban on crypto trading which allowed more than billion people to trade crypto...
What else do we need for a move up?
For a move up, we need close above resistance while a close below the support would probably lead to a new low.
What’s more likely to happen?
I give more chances to move up because of all fundamentals in the market that are in favor of Bitcoin.
If it doesn't go up after all these bullish fundamentals, I would be really worried for it's future.
Upcoming halving, coronavirus, Federal Reserve rate cut, Indian government canceled the ban on crypto trading which allowed more than billion people to trade crypto...
What else do we need for a move up?
ETH broke out of the triangle, which is very good signs for bullish.
Before you start targeting the previous high, wait for the red area to be broken because if we form resistance there, this consolidation can form another pattern (rising wedge) that would actually be bearish. This is just hypothetical, but we need to observe all possible scenarios and choose the most probable one.
So far, the most probable one is a continuation of the move up.
Before you start targeting the previous high, wait for the red area to be broken because if we form resistance there, this consolidation can form another pattern (rising wedge) that would actually be bearish. This is just hypothetical, but we need to observe all possible scenarios and choose the most probable one.
So far, the most probable one is a continuation of the move up.
Crypto Signals
Bitcoin is breakout out of the falling wedge. This is the first bullish sign since the beginning of this retracement and it’s happening exactly at the support, which adds confluence to this setup. The first major target and resistance is at $9250.
We’re very close to reaching the first major target and resistance.
Crypto Signals
Bitcoin is breakout out of the falling wedge. This is the first bullish sign since the beginning of this retracement and it’s happening exactly at the support, which adds confluence to this setup. The first major target and resistance is at $9250.
From support to a major resistance and then rejection.
The main resistance was front-run by $25 but it’s still an awesome market move of more than $600.
The main resistance was front-run by $25 but it’s still an awesome market move of more than $600.
Crypto Signals
ETH broke out of the triangle, which is very good signs for bullish. Before you start targeting the previous high, wait for the red area to be broken because if we form resistance there, this consolidation can form another pattern (rising wedge) that would…
The move down shouldn’t be a negative sign at all.
For ETHUSD for example, if this area holds, we can expect uptrend to continue.
On the other side, if it closes below, the price action above was a shakeout and the opportunity to catch the majority on the wrong side.
So, wait for it to show you sign, don’t guess what’s about to happen.
For ETHUSD for example, if this area holds, we can expect uptrend to continue.
On the other side, if it closes below, the price action above was a shakeout and the opportunity to catch the majority on the wrong side.
So, wait for it to show you sign, don’t guess what’s about to happen.
The whole world is entering the phase where nothing is impossible.
We just woke up with the biggest opening gap in the history of Crude Oil.
Guys, this is the weekly timeframe and look at this gap that’s more than 1000 pips 🤯
Just two months ago, OIL was trading at around $60 and now it’s down to $30.
It’s a drop of more than 50% having in mind that the low is around $26-27 area.
When someone says that Bitcoin is too volatile, show them this chart so they can question what they’ve just said.
Yes, it’s volatile but so others commodities and currencies are that are way bigger and those drops actually affect the whole economy.
When Bitcoin drops 50%, it’s a loss of $50-100 billion. When this happens with OIL for example, we’re talking about trillions…
We are waiting for the US stock market to opens because we may be witnessing one of the biggest drops having in mind how important role OIL has in the US industry.
We just woke up with the biggest opening gap in the history of Crude Oil.
Guys, this is the weekly timeframe and look at this gap that’s more than 1000 pips 🤯
Just two months ago, OIL was trading at around $60 and now it’s down to $30.
It’s a drop of more than 50% having in mind that the low is around $26-27 area.
When someone says that Bitcoin is too volatile, show them this chart so they can question what they’ve just said.
Yes, it’s volatile but so others commodities and currencies are that are way bigger and those drops actually affect the whole economy.
When Bitcoin drops 50%, it’s a loss of $50-100 billion. When this happens with OIL for example, we’re talking about trillions…
We are waiting for the US stock market to opens because we may be witnessing one of the biggest drops having in mind how important role OIL has in the US industry.
What’s the most terrifying are the news that are coming from Italy where there’s a huge surge in a number of people who died from Coronavirus.
If you don’t know, 25% of Italy is in quarantine and everything is locked down in the whole country until at least April 3rd.
Do you know how much this is going to impact the Italian economy?
They’re living out of tourism and now everything will be closed for months and people will still be afraid to go there after hopefully the virus is gone.
Italy is still a small factor in world’s economy but just imagine what would happen to the world’s economy if something like this happens in a bigger country like the US?
People are asking is it smart to short S&P500 or and bet against it.
If the worst scenario will happen, all you need is food and water because nobody will care about how much money you have if it’s going to lose in value.
I’m not saying it’s going to happen, but after this drop of Crude Oil, nothing is impossible, especially in the bubble we’re living.
Stay safe!
If you don’t know, 25% of Italy is in quarantine and everything is locked down in the whole country until at least April 3rd.
Do you know how much this is going to impact the Italian economy?
They’re living out of tourism and now everything will be closed for months and people will still be afraid to go there after hopefully the virus is gone.
Italy is still a small factor in world’s economy but just imagine what would happen to the world’s economy if something like this happens in a bigger country like the US?
People are asking is it smart to short S&P500 or and bet against it.
If the worst scenario will happen, all you need is food and water because nobody will care about how much money you have if it’s going to lose in value.
I’m not saying it’s going to happen, but after this drop of Crude Oil, nothing is impossible, especially in the bubble we’re living.
Stay safe!
It seems like US stock market is more volatile than Bitcoin…
https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-plunge-oil-market-coronavirus-selloff-2020-3-1028978137
https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-plunge-oil-market-coronavirus-selloff-2020-3-1028978137
Business Insider
Dow plunges more than 2,000 points, biggest decline since 2008, as coronavirus fuels market turmoil
The S&P 500 plunged as much as 8% on Monday — its biggest intraday drop since 2010 — before closing 7.6% lower. The benchmark in...
The third confluence is wave pattern and so far, the second impulsive wave is smaller than the first one which is a bullish sign.
All technical signs tell us that price if this is a bullish market, has to stop around $7600-7700 and bounce from that area.
If it doesn’t, don’t look for some low or mid 7k because most likely 6k area is coming again.
All technical signs tell us that price if this is a bullish market, has to stop around $7600-7700 and bounce from that area.
If it doesn’t, don’t look for some low or mid 7k because most likely 6k area is coming again.
To conclude, if we’re in an uptrend, the price has to find support here. If it breaks, it will go to $6k again and in that scenario, it may make a bounce but then I’m not looking for an uptrend but a potential break of that 6k support.
Are we at the beginning of a big global recession?
After the US, here’s another world-leading country that did emergency rate cut from 0.75% to 0.25%.
It seems like coronavirus is doing what I was talking a few weeks ago and we’re still very early and the world is already in a panic.
I have insider information that countries with less than 20 cases already closed schools and all public events.
If this continues, we’ll see something we never see. This is not bullshit talk but in the world where every company is working in debt (good debt that helps them grow and expand) few months without profit or months in loss can seriously endanger their existence.
Just wait for the quarterly earnings report and you’ll see what I’m talking about. That’s when I expect the global stock market to nosedive and we’re less than three weeks from that.
https://markets.businessinsider.com/news/stocks/drop-in-ocean-boe-rate-cut-fails-calm-coronavirus-fears-2020-3-1028984478
After the US, here’s another world-leading country that did emergency rate cut from 0.75% to 0.25%.
It seems like coronavirus is doing what I was talking a few weeks ago and we’re still very early and the world is already in a panic.
I have insider information that countries with less than 20 cases already closed schools and all public events.
If this continues, we’ll see something we never see. This is not bullshit talk but in the world where every company is working in debt (good debt that helps them grow and expand) few months without profit or months in loss can seriously endanger their existence.
Just wait for the quarterly earnings report and you’ll see what I’m talking about. That’s when I expect the global stock market to nosedive and we’re less than three weeks from that.
https://markets.businessinsider.com/news/stocks/drop-in-ocean-boe-rate-cut-fails-calm-coronavirus-fears-2020-3-1028984478
Business Insider
'Drop in an ocean': Bank of England's emergency rate cut lifts European stocks, but coronavirus fears rattle global markets
The Bank of England cut interest rates by 50 basis points on Wednesday. The central bank cited a 'marked deterioration' in risk appetite and the...