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🚨🚨Hello crypto banter community 🚨🚨🚨
Cryptocurrency markets are facing renewed selling pressure as a whole in February, thanks to comments from the Federal Reserve. However, cryptocurrencies have entered a sideways trend and could be poised for a breakout. In this article, we'll take a look at cryptocurrencies other than Bitcoin that could do well in the coming weeks. In 2024, invest like the big funds from the comfort of your home with AI-powered ProPicks stock picker. Learn more here>> Cryptocurrency markets started February on a negative note after showing signs of recovery last week. Some cryptocurrencies have faced intense downward momentum, partly due to comments made by the Federal Reserve yesterday, which contributed to an overall pessimistic outlook. The upcoming release of non-farm payrolls data tomorrow adds an element of uncertainty, which could lead to increased market volatility. If employment data indicates a softening labor market, that could temporarily ease pressure in risk markets, as the Fed takes labor market conditions into account in its interest rate decisions. This week, external factors greatly affected the cryptocurrency markets, especially in light of the support that Bitcoin received after the introduction of exchange-traded funds (ETFs). At the same time, the top ten altcoins were strengthened. After resisting selling pressure in the past two weeks, these cryptocurrencies could be preparing for a breakout. Ethereum: Can Bulls Break the $2,365 Level? Ethereum has found support again at this point after testing the $2,200 level last week in a correction that began after a general 3-month uptrend. The $2,200 level, which formed the bottom of the range movement during the December consolidation, will continue to be followed as strong support for Ethereum. _______________________________________ ETH price chart This level also coincides with the three-month moving average and remains acting as a support area that must be protected to prevent correction expansion. In the upper zone, we have seen the $2,365 level acting as the nearest resistance price this week. If Ethereum can find support at current levels for the rest of the week, a daily close above $2,365 will become important. A potential technical breakout could lead to a rapid rise in Ethereum. Since the Stochastic RSI located above the resistance level reflects bullish potential, it is expected that Ethereum price will start moving above the short-term uptrend again. With a potentially positive outlook, we could see Ethereum exceed the January peak of $2,600 and quickly rise towards $2,800. In the lower zone, if the $2,200 level is broken with a daily close, we could see Ethereum falling towards the $1,950-2,080 range, this time with selling pressure. @HLSPORTRAIT
Feb 4, 2024
Crypto Banter
🚨🤔Digital currencies where?🤔🚨
🚨 Hello Crypto Banter community 🚨 Global markets witnessed a relative calm during the short week of work that included Good Friday and Easter Sunday. However, on Wednesday this week, the markets saw a renewed sense of excitement after the release of the US Consumer Price Index (CPI) for March. This month's measurement showed that the annual CPI was 5% lower, 10 basis points lower than analysts expected! Clearly, inflation has not reached the level targeted by Jerome Powell and the rest of the Fed officials, but the latest figure was the lowest measured reading since May 2021! The good news about this is that obviously this could be the first step towards finishing the interest rate hikes that have been going on for the past year. However, some analysts predict that the Federal Reserve will likely raise interest rates again in May. Bitcoin valuation is heading up! Meanwhile, for the cryptocurrency market, Bitcoin breached the $30,000 resistance level, setting a new record high for the year. The last time bitcoin traded at this level was in June 2022. Bitcoin proved to be among the best assets to invest in during 2023 in the cryptocurrency sector as many other digital assets greatly underperformed Bitcoin: Despite the sharp rise in prices since the beginning of the year, sentiment among investors remains somewhat positive, which could be a sign that valuations are poised to go higher. 🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗 Bitcoin's weak correlation with traditional assets It is worth noting that Bitcoin has decoupled from traditional stocks and is now more closely related to movements in the price of gold. Although these two assets clearly represent opposite ends of the risk spectrum, both assets are also far from fragility, a characteristic that was needed at a time when talks of a recession and banking crisis were on everyone's lips. 🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗 Correlation between Bitcoin vs. Gold and US Stocks Image source: Kaiko Factors leading to industry shake-up Hong Kong's largest virtual asset bank providing cryptocurrency settlement services Recently, Hong Kong has made great strides to regain its glory as a hub for digital assets. The effort appears to be paying off, as the city's largest virtual bank, ZA Bank, is now offering cryptocurrency settlement services to small and medium-sized local internet companies. As a cryptocurrency settlement bank, the bank announced that it will support withdrawals in the form of US dollars or Chinese yuan. Germany plans to issue electronic shares on the blockchain According to a recent bill called "Future Funding Act", which was introduced by the German Finance Ministry on April 5, the government is calling for more favorable regulations for financial innovation startups in the country. The proposed legislation has several key goals, such as the digitization of capital markets through the use of blockchain technology for electronic issuance of securities and the transferability of crypto assets. Hacks in the cryptocurrency market increased by 192% year-on-year, according to a report by Immunefi According to research by Immunefi, the number of attacks in the cryptocurrency industry increased by 192% year-on-year, rising from 25 to 73 in the last quarter. Despite this significant increase, the total money lost actually decreased by 64.4%, which is likely due to market conditions. The research also revealed that the BNB chain was the primary target for exploits and scams, accounting for 73.3% of all rug checkouts surveyed by the security firm. So what do you think about that 🤔💡....... In the comments....... @HLSPORTRAIT
Apr 15, 2023
Crypto Banter
🚨Urgent: Ethereum is close to breaking the $2,000 threshold, and the Mask coin is jumping by 6%🚨
🚨 Hello Crypto Banter community 🚨 The cryptocurrency market witnessed collective gains during these moments of trading today, Thursday, led by Ethereum and Elon Musk's favorite currency Dogecoin, which recorded the strongest gains among their peers. Meanwhile, the value of Ethereum increased by as much as 6% to $1,983. This is after the Ethereum Blockchain, which is the most important and fastest system in the digital asset sector, successfully implemented the widely expected software upgrade. 🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗🆗 Ethereum upgrade Investors were anticipating that the “Ethereum” network would undergo an upgrade, yesterday, Wednesday, which would enable users to withdraw tens of billions of dollars from its original encrypted token, “Ethereum”, in what is known as the “Shanghai development”, which is a necessary measure after the currency exchange turned The most important commercial digital in the world to become less electricity consumption in transactions. However, the upgrade will allow investors to queue up to withdraw Ethereum coins they have staked to help run the network in return for rewards, a process called “staking” (which is to play your digital assets and earn income without selling them). Tim Bico, who helps coordinate the development of Ethereum, said on Twitter on Wednesday that the upgrade is now "official." According to research firm Coin Metrics; About 1.2 million ether, worth approximately $2.3 billion at current prices, is expected to be withdrawn over the next five days. Data from Staking Rewards shows that about $36.7 billion in ether is reserved for collateral. Last September, the Ethereum blockchain system switched to a "proof of stake" system instead of "proof of work", via an update called "consolidation", which reduced the network's electricity consumption. Ethereum, the largest digital currency by market value after Bitcoin, rose by 6.3% to $1,988, with a weekly gain of 6.2%, and a market value of about $238 billion. What do you think 🤔.... In the comments..... @HLSPORTRAIT
Apr 13, 2023
Crypto Banter
🚨🤔MARKET TODAY 🤔🚨
🚨 Hello Crypto Banter community 🚨 Market Today The combined market value of the crypto market during these moments of today's trading is about $1.24 trillion. The trading volume amounted to about 49.32 billion dollars. Bitcoin rose by 0.7% in the last 24 hours, to now reach levels of $30,215, while recording weekly gains of 8.3%. Its market value is now $585 billion. The price of Binance Coin rose by 1.5%, to record $323.6. The price of the Ripple XRP currency increased by 1% of its value, to record $ 0.5091. Litecoin rose 2.2% to $93.7. Cardano was seen rising to 0.4112, falling 4%, with a weekly gain of 8%. Dogecoin has now risen by 6% to reach $0.08740 levels, with a weekly decrease of 3.5%. What do you think 🤔.... In the comments.... @HLSPORTRAIT
Apr 13, 2023
Crypto Banter
🚨🤔Avalanche (AVAX)🤔🚨
🚨 Hello Crypto Banter community 🚨 AVAX/USD Avalanche Chart AVAX slipped below $15 in March, driving up demand from this area. After that, AVAX, which held steady at $17, managed to establish a footing in this area. AVAX has some indications that the bullish momentum will accelerate going into the month of April. First, the short-term bullish momentum is being preserved. Then, while the cryptocurrency sees attacks towards $18, it is noticed that the short-term exponential moving average values are starting to rise above the 3-month average again. On the other hand, the Stochastic Relative Strength Indicator (RSI) is supporting the rise with volatile moves towards the overbought zone as demand for AVAX remains in the $17 range. The move that will trigger the bullish momentum in the AVAX market could be a break of the Fibonacci retracement of 0.618 at $18.6. With a huge volume cross above this value or a daily close, AVAX may extend its gains and move towards the $19-21 range. According to the current outlook, another target area above this area is seen as the $23-$25 range. On the other hand, as long as the $18 resistance area cannot be crossed, delays will increase in AVAX market and this may lead to selling pressure and disrupt the bullish setup. Accordingly, the range of $17-$17.5 in the lower region will be followed as an area to protect so as not to increase losses in digital funds. What do you think 🤔...... In the comments...... @HLSPORTRAIT
Apr 13, 2023
Crypto Banter
🚨🤔SOL🤔🚨
🚨Hello Crypto Banter community 🚨 LEFT/USD chart SOL continues to favorably stand out from the market, up more than 15% since the start of the week. Starting from this week's short-term ascending trend line, SOL, which rose to $23, is now in front of a critical resistance area. This area, in the range from $24 to $27, is formed by the resistance line at $27 for the graft in 2023, starting from the boundary of the long-term downtrend line. For the rest of the week, a weekly close of the SOL token above this resistance area could accelerate the coin's rally. Such a move could send the coin towards the next major resistance at $50. Short and medium term EMA values, currently at $21, will enter an uptrend above this resistance area. At the same time, these intermediate values can be used as strong support for SOL/USD in a possible reversal. According to the volatility that may increase in the second half of the week, SOL buyers who will hold the digital currency above $21 may make the potential upward movement stronger. On the daily chart, we notice that the Stochastic RSI, on the other hand, is supporting the current momentum with its rapid rise. So what do you think 🤔..... In the comments..... @HLSPORTRAIT
Apr 13, 2023
Crypto Banter
🚨🤔Ripple (XRP)🤔🚨
🚨 Hello Crypto Banter community 🚨 The cryptocurrency market has seen a huge jump this week. With more money entering the market in recent days, the horizontal trend that has been going on for about a month has been broken to the upside. Meanwhile, the Bitcoin price reached $30,000 after 10 months. While Bitcoin continues to dominate the cryptocurrency markets with its recent rally, its market share is close to 50%. Recent projections show that investors prefer bitcoin over altcoins, yet earnings are still limited despite the positive outlook from the rest of the market. By the middle of the week, while the overall market cap was down nearly 1%, Bitcoin (BTC) fell below $30,000. In the altcoin market, outflows have been more influential. The fact that US CPI data will be released today at 15.30 CEST and then the March FOMC minutes at 21.00 CET makes investors tread more cautiously in risky markets. Before the most important economic events in April, we assessed the latest situation of XRP, SOL and AVAX, among the important altcoins in the altcoin market. Ripple (XRP) XRP/USD Daily Chart After surging more than 40% in March, XRP is starting to climb above the long-term downtrend line that has been in place for two years. As the first half of April is about to end, XRP has been holding steady at an average of $0.5 over the course of the month. Ripple XRP failed to turn this area into support to accelerate profits, despite its attempt to form a floor above the peak level of $0.53 in October 2022 with its rapid rise in March. As for the sellers today, XRP has broken below the 8-day moving average ($0.508), which is used as a pivot, with a decline of close to 3% today. If the intraday sales continue, the $0.49 level for XRP will act as an important support. The closing of the day below this area, which corresponds to the value of the 21-day exponential moving average and the Fibonacci value of 0.786 according to the recent downtrend, may cause the correction momentum of XRP to accelerate. In this case, the following support prices will follow $0.45 and then $0.43. On the upside, the $0.53 area is the price level that needs to be gained for the recovery to continue. In a potential recovery, a clear day's close above the recent peak will support the currency's move towards the $0.58-$0.65 range. What do you think 🤔.... In the comments....... @HLSPORTRAIT
Apr 13, 2023
Crypto Banter
🚨🤔Bitcoin is going to $61,000 and this is the last opportunity to invest in Bitcoin what do you 🤔
🚨 Hello Crypto Banter community 🚨 Bitcoin predictions for the year 2024. Technically, the price breakout of the 25,000 thousand area is a very strong indicator of a reversal of the trend in the price movement of Bitcoin against the US dollar. Therefore, any bounce to the 23,000 thousand area will be the last opportunity to invest in bitcoin before it rises again to the $61,000 thousand level. So what do you think 🤔 about that.... In the comments..... @HLSPORTRAIT
Apr 3, 2023
Crypto Banter
🚨Bitcoin: Toward a Breakout or a Crash? Watch these levels🚨
🚨 Hello Crypto Banter community 🚨 ✔️✔️✔️✔️✔️✔️✔️✔️✔️✔️✔️✔️✔️✔️ After breaking above $26,700 in the second half of March, Bitcoin has turned sideways as bullish momentum wanes. As we have been watching for the past couple of weeks, Bitcoin has not tried to break out of the consolidation area yet. In yesterday's choppy trading, BTC tested the $29,000 level, but accelerating sales in this area precluded the potential breakout. In the latest situation, Bitcoin continues to use the Fibonacci extension levels 26,750-28,750 USD as a consolidation area, as measured in the February downtrend. The middle line of this area is being followed as a pivot level for the coin at $27,500 (Fibonacci 1.414). On the other hand, the value of the 8-day EMA in the same area remains valid as dynamic support. If bitcoin can stay above the center line of the channel before the weekend, we might see fresh moves to break the $28,750 resistance. Technical factors that support this potential attack include the appearance of the daily chart's Stochastic RSI. After fluctuating in the area estimated at $2,000, the index, which has fallen to the borders of the oversold zone, may turn its direction upwards as long as the price remains above $27,500, which can generate signals that support the buyers. In addition, the short-term and medium-term moving average values show that the uptrend is preserved, with the perfect order from fast to slow, starting from the second half of the month on the daily chart. Additionally, the fact that BTC price is still above these values is another factor supporting the bullish move. Bitcoin price chart However, as seen in the chart, the pressure in the $28,000 range is capping the bullish move in BTC. While there are many positive sentiments in the market that Bitcoin could reach the $30,000 level, a few factors are limiting this move. Among them may be the banking crisis, which supported Bitcoin's 20% rally in March. The banking crisis, which has become a global problem, has made bitcoin, along with commodities, a safe-haven asset, and bitcoin posted a significant rally for the month. However, the problem of liquidity in banks started with the collapse of two major banks in the United States, two banks that are being used as financial conduits for cryptocurrency companies. First, the collapse of Silvergate and the subsequent collapse of Silicon Valley's Signature Bank exacerbated the liquidity of cryptocurrency firms in the United States. This situation can be interpreted as a bearish pressure by limiting Bitcoin's rally. In addition, after Binance, the cryptocurrency exchange with the largest trading volume in the market, ended its long-running campaign of commission-free Bitcoin spot transactions, a significant drop in spot BTC transactions was recorded on the platform. Despite these negative developments, Bitcoin continues to see serious investor demand with the safe haven narrative emerging in previous years. This increased digital currency dominance from 7% this month to 47% in July 2021. The bearish pressure may increase if Bitcoin's sideways movement continues Although no bearish signals were received during the horizontal price action, the $26,700 level for BTC will be closely followed again at the end of the day, at which the price might drop below $27,500 in weekend trading. If BTC starts April below this price, the $25,000 level could be followed as the first stop for a potential correction. Because this area acted as resistance for a brief period in February and March. If sales intensify in this area, we will follow $23,000 as a major support area for BTC. On the other hand, if there is another move above $28,700 in the next 48 hours, investors can interpret that as a move that will move Bitcoin to the $30,000 range. What do you think....... In the comments....... @HLSPORTRAIT
Apr 1, 2023
Crypto Banter
🚨 MARKET NOW 🚨
🚨 Hello Crypto Banter community 🚨 market now :💡💡💡💡💡💡💡💡💡💡💡💡💡💡 The combined market value of the crypto market during these moments of today's trading is about $1.16 trillion. The trading volume amounted to about 44.07 billion dollars. Bitcoin fell by 3.5% in the last 24 hours, to now reach levels of $27,722, while recording weekly losses of 1.4%. Its market value is now $537 billion. The price of Binance Coin decreased by 0.6%, to record $315. The price of the Ripple XRP currency increased by 0.4% from its value, to record $0.5336. Ethereum fell by 1% over the past 24 hours, now recording $1,787, while recording weekly losses of 0.6%. While Litecoin fell 2% to $88.1. Dogecoin fell nearly 1.4%, now at 0.07415. Cardano was seen rising to 0.3826, up 1.7%, up 5.6% weekly. What do you think 🤔...... In the comments...... @HLSPORTRAIT
Mar 31, 2023
Crypto Banter
🚨 scenarios🚨
🚨 Hello Crypto Banter community 🚨 Will bitcoin crash this year? (bearish outlook) There is another group of large corporate and institutional investors who have the opposite (bearish) view on Bitcoin and firmly believe that Bitcoin may fall in the near future. Veteran global investor Mark Mobius, the billionaire founder of Mobius Capital Partners, has already predicted a big drop in 2022 and said that Bitcoin could drop as far as the $10,000 range. Similarly, another maverick investor, Matthew Siegel, head of digital asset research at VanEck, global investment director, expects Bitcoin to drop to $12,000 levels, citing surging energy prices. Moreover, the global bank Standard Chartered's Bitcoin predictions are quite surprising. They predicted that bitcoin would drop to $5,000 levels in 2023. Experts believe that rising interest rates and tightening monetary policy will not allow bitcoin to rebound sharply in the near future. As in this type of uncertain market, investors will not prefer to invest in or buy risky assets such as Bitcoin. Those who were holding a bitcoin position may sell their positions, creating undue pressure on the markets once again. What do you think 🤔..... In the comments..... @HLSPORTRAIT
Mar 31, 2023
Crypto Banter
🚨"Crazy" scenarios for Bitcoin this year...between $5,000 and $1 million!🚨🤔
🚨Hello Crypto Banter community 🚨 The year 2022 has been very difficult for all cryptocurrencies including Bitcoin. The world's largest cryptocurrency has lost nearly 65% of its market value in the whole of 2022. Meanwhile, crypto enthusiasts were caught off guard by a series of unfortunate events such as the Terra Luna crash, the collapse of the FTX crypto exchange, and looming macroeconomic conditions. But there are many questions hovering in everyone's mind: What will happen next? Will Bitcoin Rise Back To Its Previous Highs? 💡💡💡💡💡💡💡💡💡💡💡💡💡💡 Will bitcoin rise this year? (optimistic outlook) Bitcoin, the world's largest digital currency, continues its climb over the past few weeks, as it was at a nine-month high at $28,000 levels, trading in a consolidated manner, until it is now down 3.5% at $27,722 levels at the time of writing. Bitcoin started correcting its prices once it was unable to clear the crucial resistance level of $28,000, last week. However, it is still holding the $27,000 levels with the immediate resistance at $28,000. Bitcoin may try hard to touch the $28,000 levels, but its dominance is constantly on the rise. Bitcoin dominance has reached a nine-month high, above 45% for the first time since June 2022. Can Bitcoin reach $100,000 by the end of 2023? We all know that Bitcoin has gained more than 70% since the beginning of this year. With such massive and unexpected gains, it has definitely outperformed many other major assets and has given huge returns to those who bought Bitcoin on the dip. The industry is really excited to see the new peak of the world's largest digital currency and hopes for more. Marshall Byrd, chief strategy officer at US cryptocurrency exchange Gemini, believes that Bitcoin will break all-time highs this year. The $100,000 price number is “an interesting number,” he said, “if bitcoin reaches its previous record high near $69,000.” If Bitcoin really touches that magic number, it should show a rally of 270%. Paolo Arduino, Tether's chief technology officer, also has a completely bullish view on Bitcoin. He said bitcoin could "retest" its all-time high near $69,000. However, 2023 seems to be a good year for Bitcoin advocates, who always consider it a "safety investment" or "digital gold" that can offer investors a good hedge opportunity or an attractive return in chaotic times. Bitcoin, which got a big boost on hopes that the US fiscal and banking situation could reduce the chances of more aggressive rate hikes by the US Federal Reserve. Can Bitcoin reach $1,000,000 by 2025? Bitcoin fans always have very bright and sometimes impossible predictions for their favorite currency. And after this mini-race, there are many discussions going on that the world's largest digital currency, Bitcoin, could see the $1 million mark by 2025. Chinese-Canadian bitcoin entrepreneur and CEO of crypto company, JAN3, Samson Mao, believes the digital currency will reach $1 million in the next five years. With more of these wild guesses, Balaji Srinivasan, investor and former CTO of Coinbase, bet that Bitcoin could reach $1 million or more in just 90 days. Srinivasan made this strong statement based on the belief that as the world progresses into a phase of hyperinflation, the value of the dollar will weaken and people will start buying more and more bitcoins. On the other hand, cryptocurrency experts believe that Bitcoin may touch $1 million in the coming years, but not soon, and predicting that level in 2023 or in 90 days is almost impossible. "Bitcoin will be $1 million in 90 days, and some crazy things are happening in the world, which we don't want," Marshall Byrd, chief strategy officer of US cryptocurrency exchange Gemini, stated, however, he said it could take 10 years to reach that level. Nowhere near this extreme prediction. What do you think 🤔....... in the comments....... @HLSPORTRAIT
Mar 31, 2023
Crypto Banter
Bitcoin Continues Its Bullish Trend: Outlook and Market Influencing Factors🚨
🚨Hello Crypto Banter community 🚨 Bitcoin continued its bullish trend on Thursday as traders looked to economic data in the coming days as potential catalysts for a rally above key levels that could confirm calls for a fresh bull market. Bitcoin rose less than 1% in the past 24 hours to reach $28,600 after briefly rising above $29,100 in recent trading — its highest level since last June when its collapse accelerated. Rising from around $16,500 at the start of the year, bitcoin's rally has sparked calls for a fresh bull market as traders keep an eye on the psychologically important $30,000 level. The optimism in the stock market has brought the Bitcoin price back to the upper end of the March trading range. The potential upside target inside is the area near $35,000. Near $30,000, Bitcoin may face selling pressure in the short term. The 12-hour RSI has reset, and the price is closing above the previous highs on the 12-hour chart, indicating a fresh upward potential. The monthly RSI is also in a confirmed bullish trend, which is often a leading indicator of bullish Bitcoin price trends. However, the price is currently trapped within a narrow range with resistance at 28,600 and support at 26,950. Bitcoin - Graph Interactions between chart patterns, support/resistance levels, moving averages, and the RSI suggest that BTC is likely to continue trading within the current range, with a potential breakout above 28,600 pushing up to the $29-32k region. On the other hand, a break below the key support level at $27,000 might trigger a downtrend. Overall, the technical analysis of BTC indicates a neutral to bullish outlook with a short-term reversal potential. Traders should focus on actual data and use a market structure with a higher time frame for directional bias and a lower time frame for potential shifts in market structure. What do you think..... In the comments.......... @HLSPORTRAIT
Mar 30, 2023
Crypto Banter
🚨Bitcoin exceeds $28,000 again, and future scenarios🚨
🚨 Hello Crypto Banter community 🚨 Bitcoin, the largest cryptocurrency by market capitalization, rose again, crossing the $28,000 level, amid collective gains for the broader crypto market, which has approached the $1.2 trillion mark in terms of market capitalization. Over the last 24 hours, Bitcoin has risen by 5.6% to approximately $28,350. The current market sentiment is neutral to bearish. BTC price is currently trading within a narrow range, with support around $27,000 and resistance around $28,600. The RSI levels are also showing bearish divergence which indicates weak buying pressure. The 200-day and 200-week simple moving averages act as strong support levels for BTC. The monthly RSI is in an upward trend which may indicate a possible long-term rally. However, current market conditions suggest that Bitcoin may see a downward correction before any significant rally. In terms of future scenarios, if BTC can breach the $28,600 resistance level, it is likely to move towards the $29,000 to $32,000 range. On the other hand, if BTC breaks below the $27,000 support, it is likely to drop towards $26,000 or even lower. Everyone should be careful and watch support and resistance levels closely before making any buy/sell decisions. What do you think.... In the comments..... @HLSPORTRAIT
Mar 30, 2023
Crypto Banter
🚨Critical levels of the most important digital currencies..is it time for the summit? 2🚨
🚨Hello Crypto Banter community 🚨 (ETH) Ethereum Chart of the US dollar against Ethereum currency pair There is a similar appearance to the Bitcoin chart in the Ethereum market. Ethereum also continues to find support in the lower region above the recent highs of the $1,700 range. And according to the latest forecasts, $1,750 is still the crucial support point for ETH. The price, which is hanging below this level, was also defended last week at $1,730. And this week, the nearest support area of $1,750 is on the agenda. In the upper area, $1,800 (Fibonacci 1.272) appears as obvious resistance, while $1,840 (Fib 1.414) currently remains as a second resistance point on a bounce outside this area. And if Ethereum can protect the support area with the day closing above $1,750 in this week's transactions, then an attack could be seen on the $1,900 range. And depending on the size of the bounce, we might see ETH move towards the $2200 level. As for the lower area, below $1,750, the next support area stands at $1,700. In case of a potential breakout, USD/ETH will see a correction to $1,580. So what do you think...... In the comments....... @HLSPORTRAIT
Mar 28, 2023
Crypto Banter
🚨Critical levels of the most important digital currencies..is it time for the summit?🚨
🚨 Hello Crypto Banter community 🚨 (BTC) BITCOIN Chart of the currency pair USD against Bitcoin Bitcoin (BTC) started to move sideways in this area after entering the Fibonacci expansion area. The current situation reflects price pressure, with the nearest support price in the lower region for BTC at $27,500. The 8-day exponential moving average, which averages at $27,500 today, has also acted as a dynamic support for BTC price since last week. On the upside, the $28,300 moving average has been positioned as intermediate resistance for BTC in recent days. And if BTC can break the $28,700 range in volume after establishing the floor in the $28,000 range, it can be seen that pressure on the digital currency can be lifted and a move towards the $30,000 range can start. In this area, BTC could quickly rise towards the $32,000-$34,000 range. In the lower region, below the $27,500 support, $26,700 remains weaker support. A day's close below this value could lead to a correction for BTC towards $25,000. From a daily point of view, a decline in the stochastic RSI can also be taken as a seller's signal. As a result, it has become important to protect this area as a BTC drop below $27,500 could lead to increased sales. So what do you think .... In the comments...... @HLSPORTRAIT
Mar 28, 2023
Crypto Banter
🚨The best digital currency deals this week...and a resounding fall for these currencies!🚨
🚨 Hello Crypto Banter community 🚨 Although there was a horizontal trend in the cryptocurrency markets this week, we saw an increase in volatility at the end of the week. After the Fed's interest rate decision announcement and subsequent data, the cryptocurrency markets showed an unstable appearance and continued its broader horizontal movement. While the total market capitalization could not exceed the $1.17 trillion level it reached last week, the total value fell to $1.15 trillion in downward moves. While the broad sideways movement reveals buyers and sellers clashing at these levels, the cryptocurrency continues to hold its March gains in the first half of the weekend. Bitcoin has struggled to stay within the $28,000 range this week. In the bitcoin market, which rose to $28,800 in the middle of the week, it was noted that buying was mostly met at the $28,300 level. In the lower region, the moving average of $27,300 continues to form a support line for Bitcoin. The currency pair is the US dollar against Bitcoin While concerns about the global banking crisis are still on the agenda this week, the country's regulators are trying to bring the crisis under control with signals that they can increase their support for banks. On the other hand, this process led to a significant increase in the value of crypto assets, which were seen as an alternative investment tool, in a short time. Continuing this week's gains, cryptocurrencies failed to hold their gains amid mixed signals from the Federal Reserve and continued regulatory pressure on the US flank. According to the latest situation, Bitcoin remained stable on a weekly basis, while it fell to $27,500 at the end of the week. On the other hand, Ethereum fell to $1,750 after falling in the last 24 hours and is down 4% for the week. The highest profit and loss of cryptocurrency in the week Among the top 100 cryptocurrencies, cryptocurrencies with a higher market cap were the most stable, while sharp returns were recorded in the cryptocurrency market this week. Based on the price action of the last 7 days, only 12 altcoins remain among the top 100 so far. Accordingly, the top 5 cryptocurrencies with the highest profit this week are as follows: • Flyer (FLR: 17.3%) • Rabeel: 16.56% • T-McDow (TMG: 12.44%) • XDC Network (XDC: 9.26%) • Nexo (NEXO: 9.12%) The top 5 cryptocurrencies that lost this week are listed as follows: • Arbitrim (ARB: 89.47%) • Immutable X (IMX: -25.69%) • Conflux (CFX: -23.22%) • {{1192221| Lido Dao }} (LDO: -23%) • Render Code (RNDR: -23%) ARB, which opened trading Thursday this week, is ranked 38 with a market capitalization of $1.58 billion and is currently trading in the $1.23 range, down 90% from its peak price of $11.64 due to the volatility on its debut day. What do you think........ In the comments...... @HLSPORTRAIT
Mar 27, 2023
Crypto Banter
🚨🚨This is what Bitcoin needs to go higher🚨🚨
🚨 Hello Crypto Banter community🚨 Bitcoin has recently lost upward momentum, as it is trading in the $26,750-$28,730 range, while the $28,000 level is acting as a critical resistance. Possible pullback leads to a decline towards $27,250-27,500 and a sharp correction towards $25,000. The Fed raises interest rates and the pressure it puts on banks, and the worsening banking crisis may help spur a rally to $30,000. Bitcoin lost upward momentum after reaching the 2023 trend line with last week's bounce. Over the past week, Bitcoin prices have witnessed increased volatility. Among the technical indicators we follow based on Bitcoin's February-March decline, the $26,750-$28,730 range has been crucial in recent weeks. Recently, BTC has been trading in this range. Since last week, the $26,700 level has acted as support. It made weak attempts to breach the $28,700 level. Meanwhile, $27,500 (Fibonacci 1,414) continues to act as a short-term pivot level. Critical resistance for Bitcoin is at $28,000 Meanwhile, BTC continues attempts to break above the $28,000 level, and the failure to gain momentum in this area is starting to create pressure in the BTC market. In the next week, we may see increasing selling pressure if the $28,700 level is not breached in the weekend trading. Bitcoin's current trend will weaken after breaching the $27,000 range. If buying interest wanes, this pressure could turn into a sharp correction. The first support area in front of a possible decline is the $27,250-$27,500 area. This support is located at the 8-day exponential moving average (EMA) at $27,500, which is the pivot level. BTC could quickly fall towards the $25,000 region in the event of a possible breakout. The $25,000 area was acting as a major resistance area in February, along with the 21-day exponential moving average. Finally, based on the short-term price action, the $22,800-$23,000 area will be a major support area for Bitcoin. For Bitcoin's upside to be triggered technically, it is important to break the $28,700 level, which is what I have been highlighting for some time, in terms of volume or a weekly close. BTC could rise to $34,000 in high volume if this breakout occurs. This week saw the announcement of the Fed's most significant decision in months. The message he sent regarding the banking crisis that started in the US and spread to Europe at the FOMC meeting was very important. The expectation of a 25 basis point Fed rate hike had already been priced in prior to the decision. However, after Powell's speech at the press conference, Bitcoin fell slightly. The Fed has reaffirmed its commitment to the inflation target, which is putting pressure on banks by continuing to raise interest rates. The continuation of the banking crisis could help support Bitcoin On the other hand, Powell said that they have enough tools to support the banks. He noted that the Fed may take steps to expand the bank's balance sheet if necessary while implementing a tight monetary policy. Currently, the price is defending the $26,000 support level amid mixed reactions in the bitcoin market. The banking sector is back on the agenda. Today, shares of Deutsche Bank (ETR:DBKGn) (ETR: DBKGn) fell more than 10%, which was interpreted as a further escalation of the crisis in the banking sector. At the beginning of the process, all of these developments may increase the demand for bitcoin-based crypto assets. With the return of fresh buying on the weekly close above $28,700, we may see Bitcoin rally towards the $30,000 range next week. However, failure to breach the resistance will lead to a correction that could reach $25,000. So what do you think.... In the comments....... @HLSPORTRAIT
Mar 25, 2023
Crypto Banter
Bitcoin: The path is set to a new high and all support is there
🚨🚨Hello Crypt Banter community 🚨🚨 Risk markets have been in turmoil in the past few days, first due to the closure of two US banks Silicon Valley and Signature, and then fears that Credit Suisse may end up in bankruptcy as its share price continues to drop to low levels. In addition, First Republic Bank shares lost more than a third of their value today, Thursday, which put the bank under severe pressure and an attempt to sell it. Bitcoin-led cryptocurrencies should be affected by these bad conditions, but Bitcoin has another say, as it surged higher over the past week, driven by the strong conviction that the failed banking system reinforces the view that the digital currency is immune to the problems of traditional banking and a safe haven. Bitcoin is currently facing a persistent resistance level around $25,200 that it has been unable to break for several months. Although it rose last Tuesday and reached an intraday high of around $26,400, it closed around $24,600. For Bitcoin to continue making progress towards its $32,000 target, it must close above the resistance level and open at this price to confirm the move. The three moving averages are supportive with the 200 day moving average providing strong support during last week's sell-off, while the CCI indicator shows that bitcoin is currently trading in the overbought territory. It is possible that after a few more days of consolidation there may be a new high higher. So what do you think.... In the comments @HLSPORTAIT
Mar 17, 2023
Crypto Banter
🚨🌍Coin waiting to rise💡🤔😳😳🆗🕵️✔️🌍🚨
🌍 Hello Crypto Banter community 🌍 AAVE managed to break away from the key support level as it gained 10% in the last 48 hours. Today, it is testing the short term resistance level that was updated since last month. AAVE . Chart AAVE corrected after forming a local top at $115 in August and found support in the mid-$70-$72 range, which coincided with Fibonacci 0.618 in the corrective trend a month ago. This support was crucial to maintain the perfect retracement level, but weak buyer volume in the market limited the upward movement. According to the last position, the AAVE/USD pair entered a sideways movement in the range of $70-$80. In last week's volatility, the key support price was once again tested and subsequent buying allowed the currency to move towards the $80 resistance price. On the other hand, the $80 level, which has received a lot of reaction since July, is a defining point for the new trend of crypto money. And if AAVE can break the 3-month moving average ($84) seen on the daily chart after a daily close above $80 for the rest of the week, we could see the coin move towards the $99-$105 range. While the current outlook is bullish, with the 8 EMA at an ascending crossover of the 21 EMA. Another positive indicator is that the Stochastic RSI is rising with a sharp acceleration. To start the move, we can see that the decisive move will form the ground above $80. On the other hand, sales from the resistance area may be stuck at the medium support level at $75. Below this support, the $70-$72 range will follow as the main support for AAVE. In the event of a possible pullback, AAVE buyers who hold the $75 support level will give them the strength to break the $80 resistance. So what do you think 🤔...... Your opinion in the comments 🤔...... Source : SELF RESEARCH @HLSPORTRAIT
Oct 18, 2022
Crypto Banter
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