Bitcoin price action

Bitcoin is stubbornly trading in the same range it has been trapped in since early December as trade volumes continue to subside. Many believe the trend will either experience continuation to the downside or a bullish reversal before the end of the week following a month of consolidation. The difference between an almost certain bear market in compared with is that there is far more institutional interest in the asset class. For more news, guides and cryptocurrency analysis, click here. Current live BTC pricing information and interactive charts are available on our site 24 hours a day.

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WATCH RELATED VIDEO: Bitcoin \u0026 Ethereum Market Analyze - Cryptocurrency Price action

El Salvador’s bitcoin adoption day turned into a crash course in crypto volatility

According to one legendary trader, where an asset closes on a Friday can often predict the future performance of the asset. Is there any truth to the theory that could benefit crypto traders? One such method involves paying close attention to specific dates and points in time as an indicator of future price movements, and where the price of an asset closes on Fridays may be among one of the most useful indicators yet.

William Delbert Gann was a legendary stock market and commodities trader born in the late s, long before computer programs offering technical analysis software or trading bots were ever invented. Instead of relying on adding indicators and buy or sell signals to TradingView charts, Gann would instead use geometrical shapes, math, and even astrology to predict future movements in financial assets.

Using these simple yet unorthodox tools, Gann was able to accurately predict the tops and bottoms of markets, and earn himself legendary status as a trader. The same is true for highs set on a Friday, where the price of the asset is expected to trade higher the following week.

It sounds both simple and unrealistic, however, the past major moves in Bitcoin markets appear to back up the theory, or at least give it additional credence and validity. In the chart above, the last five Fridays in Bitcoin markets can be seen. The first Friday depicted, on October 11, was not the high for the week. The next Friday, November 1, failed to set a low nor a new high for that week, and Bitcoin continued to consolidate.

In addition to date-based predictions, Gann also developed such technical indicators as the Square of Nine, the Hexagon Chart, and the Circle of While his theories may be strange and outside of the norm, they earned the trader an iconic reputation, and his tools are often used even today. I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence.

Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally — to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution.

While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.

It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say.

Please follow me on Twitter at tonyspilotroBTC and feel free to drop me a line if you would like to work together. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Crypto Prices from Nomics. All Rights Reserved. Advertise Submit a Press Release. Gann You Beleive It?

Play Now! Tags: bitcoin bitcoin price crypto friday gann theory wd gann. Tweet Share Share Send. Tony Spilotro I'm Tony Spilotro. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Altcoins. Technical Analysis. Cryptocurrency news. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.

I Agree.

Bitcoin and crypto prices are volatile ⁠— What to do when they’re crashing

If we had to make a list of some of the top volatile elements of the world, the one name that would top even Mercury is Cryptocurrencies. Ever since the launch of cryptocurrencies, they have found themselves being counted as one of the most fluctuating and volatile topics of the world, seeking to get to the bottom of what is cryptocurrency. There is hardly any investment enthusiast who has not tried to crack the code of why cryptocurrencies fluctuate and what causes cryptocurrency to fluctuate. We are just trying to fill in these gaps with consumer behavior and trends. While the industry has managed to make itself one that is extremely difficult to gauge in terms of cryptocurrency prices movement, let us try to decipher how the price of cryptocurrency changes in the market by understanding the bitcoin worth, and how and why the cryptocurrencies move. The biggest comparative factor that stands between the cryptocurrency vs fiat currency debate is their backing. The fiat currencies are backed by the central governments and its value is derived from the fact that the central government states it has value and then the parties transacting in the value are putting their trust in them.

Buy or sell Bitcoin. View real-time BTC price, and stay up to date on BTC value with live charts. Millions of users trust eToro to trade crypto.

Bitcoin daily chart alert - Sideways price action not bearish - Nov. 4

According to On-chain analytics expert, William Clemente, he revealed there is still a lot of interest in Bitcoin as an asset class. A multi-year high. For further inquiries about this article, contact: Email: Ajibola. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Home Markets Cryptos. February 1, Share on Facebook Share on Twitter. Related posts.

The Best Bitcoin Trading Strategy - 5 Simple Steps (Updated)

bitcoin price action

As we can see in the lower timeframes we have a new Ascending channel. As I said yesterday, a sell at 40k is too obvious and as I don't believe in "buy here, is the bottom", some I don't believe in "sell here, is the top". Technically, from the 33k recent low, BtcUsd is trading upwards and is drawing an ascending triangle on our chart and we can clearly see that the dips are bought. A break above 39k should accelerate gaines and the Bitcoin almost hit last week the 1W MA green trend-line and that was enough to provide a rebound, at least on the short-term.

Major deviations include BTC breaking the price downtrend on an 8-hour chart indicative of a price breakout. Source: DanBTC.

Bitcoin May Be Down, But The Fundamentals Are Mostly Bullish

Bitcoin is one such well-known cryptocurrency. To invest in it, you need to understand the technical analysis behind Bitcoin. After all, without technical analysis, trading cryptocurrencies becomes a dangerous guessing game! This blog is a bit technical, but it is meant to help beginners understand the basics of Bitcoin and how technical analysis can help them make informed investment decisions. If you want to be a successful investor in cryptocurrencies, then this blog is a great starting point. Why Should Beginners Begin with Bitcoin?

Successful Crypto & Bitcoin Price Action Strategy

It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since , the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. CoinDesk Indices. Each bitcoin is made up of million satoshis the smallest units of bitcoin , making individual bitcoin divisible up to eight decimal places. That means anyone can purchase a fraction of a bitcoin with as little as one U.

The cryptocurrency exchange balance indicates that the bitcoin price is The Bullish price action is a result of on chain bulls buying.

Bitcoin loses a quarter of its value in one day's trading

By Jessica Ferringer ,. Long-term holders of the coin are no strangers to these drastic swings in price, as evidenced by a long-term view of its price chart. However, the past year, in particular, has been full of highs and lows for bitcoin and cryptocurrency markets in general.

If history repeats itself, bitcoin will rise again

RELATED VIDEO: Professional Price Action Trading Strategies To Profit In Bull \u0026 Bear Markets

Bitcoin grabbed all the headlines in the crypto world last week marking a new all-time high but ended the week with the slump. But the surge in investor excitement doesn't seem to have faded just yet. The world's most popular cryptocurrency opened Monday's trade at Rs. At the time of writing, the largest crypto asset by market capitalisation is up to Rs.

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An allotment of tokens or equity, that may be earned, purchased, or set aside for a certain investor, team, The lowest price a seller is willing to accept on their sell order when trading an asset on an exchange. Evaluating an asset based on its underlying characteristics and traits as an effort towards arriving at an A term in Technical Analysis TA. When a price that is decreasing finds 'support'.

The market has seen mostly bearish momentum over the last 24 hours with signs of recovery over the last hours. The market leader, Bitcoin, has declined by 0. Trading volume has increased by Bitcoin price action saw signs of bullish momentum returning last week.

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  1. Chen

    my dad has a lot of joy! )))

  2. Kazigrel

    I don't doubt it.

  3. Diamont

    I like this idea, I fully agree with you.

  4. Abdul-Razzaq

    Just be so))