This week, equity markets had their worst week in 12 years, and when this collapse happened, the crypto market also saw a blow.submitted by jakkkmotivator to thecryptobasic [link] [comments]
Cryptocurrency market had a significant sell-off this week, and this result is relatively reasonable given that people are selling their assets for fear of possible economic instability. Other safe havens such as gold and silver also saw a massive sell-off on Friday.
Will the crypto markets find support in the coming weeks, or will we see a sustained downward trend in momentum?
The Selloff takes place after Bitcoin lost key support at $ 9,400Bitcoin's price found resistance at $ 10,400, after which a test of $ 9,400 support was urgently needed. The $ 9,400 level was unable to provide sustained support, and when the price fell, it resulted in a significant sell-off across the crypto market.
The sell-off led to the next support range of $ 8,200 to $ 8,400, and many horizontal levels are in place to provide potential temporary support and space for an aid rally.
However, in the short term, many believe that the upward momentum is outside the markets as Bitcoin's price reaches a lower low (a key indicator of downward momentum) in the daily timeframe.
Does this mean that the entire crypto market will reverse course and start to decline? Not at all. Bitcoin's price is still 27% higher than January 1st, making Bitcoin one of the most powerful assets of the year.
The weekly chart focuses on the 21-week MAThe weekly chart is currently based on an exciting MA (Moving Average), namely the 21-week MA. The previous bull cycle held this level as support for the bull summit in December 2017, which makes it an interesting indicator for bulls to hold onto.
If the price could find support at this level, it could mean that the upward momentum will continue in the coming period.
The weekly chart also clearly shows the massive sell-off of the past week. However, it is currently based on potential support. Holding the green zone at $ 8,400 would be in line with the 21-WMA and may grant an aid rally.
For sustained upward momentum, it is critical that a break from the previous high of $ 10,400 take place, but such a move could take some time. The market must find support before these levels can be reached.
If the Bitcoin price at $ 8,400 doesn't find support, the next target is $ 7,500 to $ 7,700.
J. Kyle Bass, the Founder and Chief Investment Officer (CIO) of Dallas-based asset management firm Hayman Capital Management, says that he expects “explosive move higher” from Bitcoin, silver, and gold.. Yesterday (July 21), Bass sent out the following tweet to express how feels about Bitcoin, silver, and gold in view of all the “money printing” being done by central banks around the ... Bitcoin 100K Gold Silver Dump Binance Launch Stable Coin (BUSD) − 稼げる投資系口コミ情報サイト【Trade Center】 ここだけの先取り情報をチェック！ 仮想通貨自動売買システム【C-CAT】完全無料プレゼント!! ★会社の給料以外からもお金を稼げてしまう. 1 5ヶ月連続で年利30％の黒字を出したFXの自動売買 ... Bitcoin Bull price today is $0.00000352 with a 24-hour trading volume of ?. It has a circulating supply of 0 coins and a max supply of 40 Billion coins. In order to explore addresses and transactions, you may use block explorers such as etherscan.io. Additional information can be found at https://bitcoinbull.pro/. Ahead of the expected record bout of money printing, hard assets like Bitcoin, gold, and silver began soaring. Overnight, gold set a new all-time high price record. Meanwhile, Bitcoin may have broken out from a multi-year triangle formation that could signal the start of a new bull run. BTC/USDT Binance price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEO NEM Cosmos Iota VeChain Dash THETA ZCash Ethereum ... Bitcoin is Flirting with a Fresh Bull Break – And It Could Devastate Altcoins Cole Petersen - NewsBTC - Fri Jul 31, 6:00PM CDT Cole Petersen - NEWBTC - Fri Jul 31, 6:00PM CDT Bitcoin is now flashing some immense signs of strength as its price pushes up towards its yearly highs of $11,400. View live Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW) chart to track latest price changes. CRYPTOCAP:BTC.D trade ideas, forecasts and market news are at your disposal as well. BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew ... Chart Size: Identifies the overall height of the chart on the page.Choose from Small, Medium, Large, X-Large. Symbol & Study Data: Determines how the chart will show you price / study information as you move your mouse over the chart.For mobile devices, the chart always uses the "Headers" option, regardless of what your template or last used settings. Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more.
[index]          
This bitcoin market trading analysis applies to various exchanges, including Bitmex/Bybit and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto ... Bitcoin surpasses a January 2018 trading volume all time high on Binance and the Bitcoin weekly chart puts in one of the most bullish btc indicators on bitcoin charts. BTC Gold ETF Chart http://is2.4chan.org/biz/1531939766343.png Op-Ed: Why Bitcoin ETF Approval Could Catalyze The Biggest Bull Run Yet https://cryptoslate.com... LTC Chart by request 1:03:46 XLM Chart by request 1:05:57 XMR Chart by request 1:07:16 SGOL is a 2 year buy and hold, Time will tell 1:08:02 Matic Chart by request 1:09:58 ZEC Chart by request 1:17:20 My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Using my Bitcoin bought Camaro SS to make sense of the Bitcoin vs FIAT mindset. Binance is putting our crypto community at RISK! Get the world's first ELITE ... Binance has completed its biggest platform upgrade in two years, it’s getting the speed ready for the next crypto bull run, making it 10x faster. 🚀 Get the Ledger Nano X to Safely store your ... Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 6/20/2019 by ... economic freeze is here, get gold, silver if you can and get ready - Duration: 25:41. Kitco NEWS Recommended for ... Join our community of thousands of analysts working together to learn the charts, generate profit and achieve financial independence. Live market coverage & exclusive educational content. Get ... Get A Ledger Hard Wallet For Safe Digital Asset Storage http://bit.ly/2HKGIcO Buy Cryptocurrency On Coinbase(Available in the US) https://bit.ly/2YHw67a Get ...