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Tag: black thursday

Bitcoin Model That Predicted $60K Peak, Now Points To $732K Next | Bitcoinist.com – CryptoInfoNet

Bitcoin price can be unpredictable. But shockingly, a specific model managed to predict the peak in 2021 at above $60,000 as far back as...

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Crypto Investors’ $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

But Peter Johnson, the lead plaintiff, claimed that Maker advertised the over-collateralization policy as a safeguard that caps losses at 13% and that the...

MakerDAO Founder Wants $14M To Fight Climate Change

Pregame Constitution Seeks To Allocate 20,000 MKR To Scientific Sustainability Fund Rune Christensen, the founder of MakerDAO and former CEO of the project’s now-dissolved foundation,...

Staggering $2,800,000,000 in Bitcoin (BTC) Has Exited Crypto Exchanges in Just One Month: Glassnode

Leading analytics firm Glassnode reveals that crypto exchanges are witnessing a massive exodus of Bitcoin as BTC holders take the initiative to self-custody their...

How Edward Snowden Became a Crypto Star 

Key Takeaways Edward Snowden is America's most famous whistleblower. Crypto fans, however, have come to see the ex-intelligence consultant as one of them. Increasingly active on Crypto...

Rainbows, Log Charts, and S2F: Bitcoin’s 2022 Bear Market Has Broken the Community’s Most Popular Price Models

The 2022 bear market has been brutal as more than $2 trillion in value has been wiped away from the crypto economy. In addition...

Bitcoin hits $41k as Russian ruble plummets in value

As the war in Ukraine continues, Bitcoin and the rest of the crypto market, including Ethereum, has been highly correlated to the traditional market.

The post Bitcoin hits $41k as Russian ruble plummets in value appeared first on CryptoSlate.

Bitcoin Recovers, Stocks Rise, Oil and Gas Falls, Kyiv Holds

Bitcoin has once again risen above $39,000 from a recent low of almost $34,000, gaining 10% to return to its strong support line of $39,000 that held prior to Black...

Bitcoin Begins Bounce From 7-Year Bull Trend Line — Is This The Bottom?

Bitcoin price is now above $40,000, up more than 20% from the lows set in late January. Despite the recovery, common sentiment across the crypto community, analysts, and more is that the bottom is nowhere near in.  Meanwhile, BTCUSD has began its recent bounce from a seven year secular bull trend line. Could that fact combined how few are expecting a bottom be the best case for why one might already be in? Contrarian Take: Crypto Market Sentiment Would Be Blind To A Bottom In a flash, Bitcoin has risen back above $40,000 – still a far cry below the $100,000 end of year 2021 targets the crypto community, analysts, mathematical models, and more had been projecting.  The current collective expectation from that very same crowd is that the current rally is nothing more than a “bull trap” and a revisit to $30,000 and even lower is all but guaranteed.  Related Reading | Bitcoin Death Cross 2022: What You Need To Know About The Deadly Signal Often when the consensus expects one direction, the market moves in a contrarian manner. With market participants sold on the idea that a downtrend will continue, the current bounce could end up leaving many behind.  Especially when the bounce itself began at a seven year secular bull trend line – and a trend line that put in two bear market bottoms.  A look at the seven year secular bull trend line | Source: BTCUSD on TradingView.com The Bitcoin Trend Line That Just Won’t Stay Broken The chart above shows what the nearly decade-long trend line looks like. The trend line first began at the 2014-2015 bear market bottom, and was lost only temporarily during that time period. After grinding along it for almost two entire years, Bitcoin price went parabolic and rose from around $2,500 to $20,000 in a matter of months. The top cryptocurrency by market cap spent the entire bear market above the trend line, only touching back down on it in December 2018 to put in the most recent bear market bottom. Much like the 2014-2015 bear market, the line was briefly lost again during the current cycle during the Black Thursday market collapse. Reclaiming the trend line is what caused fireworks in late 2020 and early 2021, and Bitcoin has been ranging since. Only now after an unexpected downtrend back to low $30,000s has the cryptocurrency touched the trend line in question since late 2020. Related Reading | 2022: The Year The Secular Bitcoin Bull Run Could End A bounce is beginning, but very few expect this to be the bottom. But why not? Bitcoin has bottomed more times at this trend line than any other. Back in December 2018, the common theory was that the downtrend would continue and few expected the bottom to be put in when it was. In hindsight, that was indeed the bottom of the last bear market. Could this bottom be another example of one that’s only realized long in hindsight? Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Bitcoin’s price could deflate below $30,000 in 2022, Invesco says

Invesco’s Global Head of Asset Allocation likens Bitcoin’s staggering rally in 2021 to a…

The post Bitcoin’s price could deflate below $30,000 in 2022, Invesco says appeared first on Coin Journal.

Bitcoin Weekend Forecast: Cloudy With A Chance Of Reversal

Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above the cloud | Source: BTCUSD on TradingView.com Weekly Bitcoin Price Action At A Glance Using Ichimoku Using nothing more than the naked Ichimoku chart above, BTCUSD weekly has touched and found support at the cloud – also called the Kumo. The blue conversion line is above the maroon-colored base line, indicating the market is still bullish, but consolidating. A bullish trending market would see Bitcoin price trading above both lines. Touching the cloud itself isn’t always significant. However, only weekly timeframes, retesting the same cloud is what kickstarted the bull run. Flipping the Ichimoku cloud started the bull run | Source: BTCUSD on TradingView.com Losing the cloud would be substantial. It could mean the bull cycle has finished, or that extended consolidation is ahead. The last time the weekly cloud was lost was the Black Thursday collapse in March 2020. The Ichimoku is among the few technical indicators that focus on both time and price. Tapping the cloud means that it is time to look for other signals for more confirmation. Three potential supporting reversal signals can be found | Source: BTCUSD on TradingView.com With more technical indicators turned on, things get a lot more interesting. The TD Sequential market timing indicator has triggered a perfected buy setup, just as Bitcoin touches the cloud. Sunday night’s weekly close could very well remain near current levels to end with a doji. How bulls react in the following week would be telling. Bullish Take | The Hidden Bitcoin Trend Line That Could Save The Bull Run A green up candle to above $47K would break through a local downtrend line and put a morning star Japanese candlestick pattern in play. It is worth noting, however, that the last potential weekly morning star setup failed. But such signals are only confirmed in hindsight. At the same time, weekly Stochastic is exhibiting a bullish divergence. A bullish crossover is also nearing while at a reading that historically put in more significant bottoms than this. What To Expect This Weekend Ahead of The BTCUSD Weekly Close A doji candle signals indecision and come at the end of a trend, or at a pause before continuation. The fear in the market has left bulls weak and bull salivating, but neither have been able to make a major difference in the last five days. The weekend forecast suggests more of the same level, with bulls needing to defend $42,000 and lower. Fear will likely keep bulls at bay until after the weekly close, when confidence returns and there is possibility of a morning star reversal. Bearish Take | Bitcoin Death Cross 2022: What You Need To Know About The Deadly Signal If the doji candle were to hint at continuation instead of reversal – the next logical target would be the bottom of the Ichimoku cloud at around $37,000. Danger of more downside than that still exists. Bitcoin price just had a daily death cross which could have apocalyptic implications. Losing the Ichimoku cloud completely might indicate that the bull cycle has concluded for the time being. Reclaiming the cloud would be the first sign the bull run is back on. Whatever you do, watch the clouds closely over the weekend. .@elliottwaveintl has graciously offered my followers FREE access (normally $99) to the Dec video issue of Robert Prechter’s Elliott Wave Theorist. It includes 28 charts referencing “A Stock Market Top For The Ages”. Enter code “TONYBTC” for FREE access: https://t.co/Ke1bCmpzet pic.twitter.com/tYMRvsotND — Tony "The Bull" Spilotro (@tonyspilotroBTC) January 14, 2022 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Negotiate on NFT’s Purchase with DeFi Market Liquidations

Negotiate on NFT’s purchase with DeFi Market Liquidations

The post Negotiate on NFT’s Purchase with DeFi Market Liquidations appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Financial market instruments are a means of accumulating wealth with market participants seeking products and services from intermediaries such as banks, insurance firms, and peer-to-peer ecosystems. One of the most sought-after financial services is access to credit for investing in market instruments, commodities, and real estate, amongst other investments.  Notably, the credit extended to market …

Ergo Provides Advanced Solutions for DeFi Enthusiasts

The past year has been buzzing with increasing activities in decentralized finance (DeFi) and the blockchain ecosystem as a whole. From a total...

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