• Breaking News

    Friday, July 2, 2021

    [Daily Discussion] - Friday, July 02, 2021 Bitcoin Markets

    [Daily Discussion] - Friday, July 02, 2021 Bitcoin Markets


    [Daily Discussion] - Friday, July 02, 2021

    Posted: 01 Jul 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    Get an invite to live chat on our Slack group

    submitted by /u/AutoModerator
    [link] [comments]

    [Altcoin Discussion] - July 2021

    Posted: 30 Jun 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

    Other ways to interact:

    submitted by /u/AutoModerator
    [link] [comments]

    Bitcoin Forming a Bear Trap? (July 2 Forecast)

    Posted: 01 Jul 2021 06:33 PM PDT

    Bitcoin pulled back again on Thursday, slipping below the $35K level and closing the daily candle around $33.6K. This is bearish short-term as it looks like Bitcoin is going to retest support at $30K again.

    (July 1, 2021 9:30PM EST)

    Short-Term (chart HERE):

    Bitcoin continues to consolidate in a tighter trading range. What was once a $10K trading range from $30K - $40K is now $30K - $35K. This typically precedes an impulsive break of the sideways trading. The break could go either way, but the pattern shows lower highs and lower lows on the daily chart. A retest of the $30K level is well within sight over this long holiday weekend in the US.

    If Bitcoin can break above the 200 Day EMA and stay above it, then it can target the 50 Day EMA near the $40K level.

    However, a drop to $30K would be concerning and a break below $30K would be devastating and possibly trigger another selloff to the low-$20Ks. We've been trading mostly sideways in a $10K range for nearly 2 months now, resembling that of a consolidation or rounded bottoming pattern, which commonly precedes an impulsive move. Over the medium term, I think Bitcoin goes up and to the right by a large margin. In the short-term, we may have one more capitulation spike down ahead of us.

    Support: $30K, then the 2017 ATH around $20K.

    Resistance: $35K, then $40K.

    submitted by /u/moneyredpill
    [link] [comments]

    Where was I when this reddit was created?

    Posted: 01 Jul 2021 11:04 PM PDT

    Just realized

    Created Apr 11, 2013

    I wonder how different my life would be by now. Not only because of being able to early adopt Bitcoin but probably even have a miner farm myself.

    This makes me wonder how many people are gonna regret not buying this dip, or not even looking into cryptocurrencies at all.

    submitted by /u/PramHaihefa
    [link] [comments]

    [Daily Discussion] - Thursday, July 01, 2021

    Posted: 30 Jun 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    Get an invite to live chat on our Slack group

    submitted by /u/AutoModerator
    [link] [comments]

    Is there any software or way where you could search for something like "crypto coins on XYZ exchange that broke the 150-day moving average in the last 7 days?" The other option would be to get updated when XYZ trigger is hit.

    Posted: 01 Jul 2021 07:19 AM PDT

    Is there any software or way where you could search something like "crypto coins on XYZ exchange that broke the 150-day moving average in the last 7 days?"

    The other option would be to get updated when XYZ trigger is hit. For example, phone notification of "ABC coin on XYZ exchange broke 30-day moving average."

    I find a lot of opportunities but often too late. I look at the charts and go "dang if only I saw this 2 days ago on this coin." It would've done me well with my trading strategy, but because I didn't see it in time I missed it.

    submitted by /u/SettingIntentions
    [link] [comments]

    Bitcoin Nearing End of 2-Month Consolidation? (July 1 Forecast)

    Posted: 30 Jun 2021 05:15 PM PDT

    Bitcoin fell a bit on Wednesday, getting rejected by the 200 Week EMA around $36.6K and giving back most of yesterday's gains to fall to just under $35K. Getting rejected is not bullish, but repeatedly attempting and even briefly breaking above a resistance level could mean a bullish breakout is looming, even if a micro one.

    (June 30, 2021 8:30PM EST)

    Short-Term (Chart HERE):

    Looks like Bitcoin's bottom is all but in, so now we're looking for an impulsive breakout higher. If Bitcoin can break above the 200 Day EMA and stay above it, then it can target the 50 Day EMA which is nearing the $40K level. A break above there would be extremely bullish and officially snap this short-term downtrend, putting us back on track to higher highs. Another drop to $30K would be concerning and a break below $30K would be devastating and possibly trigger another selloff to the low-$20Ks. We've been trading mostly sideways in a $10K range for nearly 2 months now, resembling that of a consolidation or rounded bottoming pattern, which commonly precedes an impulsive move. In this case, I think the technicals and fundamentals point to a breakout higher, as this bull market cycle appears to have plenty of gas left in the tank.

    Bitcoin Dominance:

    Bitcoin Dominance has pulled back a bit after a bullish divergence where it crested 48%, retreating to the 50 and 200 Day EMAs around ~45%. It will be interesting to see if BTC.D finds support at both daily EMAs or if it slips lower. If it holds as support, BTC.D should consolidate a bit before it heads back up to 48% and 50%.

    Support: $30K, then the 2017 ATH around $20K.

    Resistance: $35K, then $40K.

    submitted by /u/moneyredpill
    [link] [comments]

    Elon Musk's Influence

    Posted: 01 Jul 2021 08:01 AM PDT

    As we can see guys, after Elon Musk's excessive manipulation tweets on twitter for the market he started getting a lot of hate lately. If we compare the influence of his tweets on the market, we can see that it heavily declined. Today's tweet did not really pump Doge a lot (not more than 5%) as of before he used to be able to pump it for more than 10%. This could be good and bad. I still think that when he announces that TESLA will re-accept the purchases in bitcoin, this will affect the market positively and will have a good impact on it. Until then, BITCOIN will still go up and down between supports and resistances but will not be able to break the big supports and reach new ATH. It needs a push by an extreme good news!

    submitted by /u/CryptoGainsInc
    [link] [comments]

    [Daily Discussion] Wednesday, July 01, 2020

    Posted: 30 Jun 2021 01:09 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    submitted by /u/Cyber_Tony
    [link] [comments]

    1 comment:

    1. Recording success in Cryptocurrency, Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $40,000 support level once again ad this is likely to trigger a possible move towards $50,000 resistance area However , it's is best advice you find a working strategy by hub/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with Mr Carlos daily signals and strategy, on his platform, and his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 3weeks of trading with his daily signals, growing my 0.9 BTC to 2.9BTC. Mr Carlos daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him and I'm still trading with him, He is available to give assistance to anyone who love crypto trading and beginners in bitcoin investment , I would suggest you contact him on WhatsApp: +1(424)285-0682 and telegram : @IEBINARYFX for inquires and profitable trading platform systems. Bitcoin is taking over the world.

      ReplyDelete