!!!Attention this is not a recommendation, it is a summary of a set of ideas from tradingview It simply serves to inform you.!!!
By: alanmasters 02:11 Dec 11, 2020 Exchange BitFinex
BTC $16,500 Double Confirm, Re-Confirmed, Multiple Confirmations
My friends, Bitcoin is now looking like it can easily test EMA50 as the next support level ... EMA50 is sitting at $16700.
Typically, when we use the MAs as an indicator for support, the price doesn't stop exactly at the MA line but instead, a wick is left behind.
So, if Bitcoin is to continue lower and test EMA50, we are likely to see a wick that goes to $16,500 or even lower.
Note: This is not to say that this is the only possible scenario... The charts are always changing and each day a new candle is printed.
We can see prices move back above EMA21, and EMA10 and this would cancel out our bearish view.
As the chart is looking now, BTCUSD is trending lower.
The MACD is pointing lower (moving lower, red histogram and below the Signal line).
The RSI has gone below 50 on the daily for the first time since October. The RSI is now also trading below support.
We now have multiple confirmations as shown by the chart signals that Bitcoin can easily drop.
This isn't something bad...
The market moves in cycles, that is how things go.
Prices go up, prices go down...
But after we go down, eventually, we go back up.
Thanks a lot for your support.
Namaste.
By: TiborVrbovsky 12:39 Dec 10, 2020 Exchange BitStamp
Can Bitcoin fall to $13.000?
If we follow historical price action when 2017 all time high was being tested at $1.163 per one Bitcoin , Bitcoin seen a 35% drop from the test of ATH before breaking it.
In the present 2020 time this drop would mean a 35% drop from $20.000, which is located at $13.000 per Bitcoin which corresponds to daily 200 EMA .
When we consider the fact that Bitcoin is more widely spread, the demand is significantly higher and also the market cap is way higher, such correction to $13.000 is unlikely to happen and we would rather expect a revisit to 50 daily EMA which is located at $16.700.
The big difference is also in the strong denial we’ve seen in 2017, as the double top resulted in a immediate sell off, that we didn’t saw these days when current all time high was retested.
Move to $13.000 is pretty unlikely, but still possible based on history even when considering these mentioned factors that are in the favor of bulls.
____________________________________________________________________________________________________________________________________________________________________
Daily Crypto Calendar, Dec 11th
- Stellar (XML)
Binance Leveraged Token
"XLMUP/USDT and XLMDOWN/USDT trading pairs at 2020/12/11 7:00 AM (UTC)"
- Blockstack (STX)
Vietnam: Stacks 2.0 AMA
AMA for the upcoming Stacks 2.0 Mainnet Launch that will answer all your questions about Stacks 2.0 and how it ties STX and BTC altogether.
- XIO (XIO)
Something Important
"We heard something important was happening next Friday, December 11th"
- Ethereum (ETH)
PoloniDEX TRC20-ETH
"New listing: @ethereum ($ETH) | What is TRC20-ETH? It's ETH on TRON, a type of wrapped Ethereum token that exists on the TRON blockchain."
- Kava.io (KAVA)
KAVA/Reef Joint AMA
"Don't miss the joint #AMA session with #KAVA partner @ReefDeFi | Date: 7:00 - 7:25pm, Friday, December 11, 2020 Time Zone: HKT"
____________________________________________________________________________________________________________________________________________________________________
➡️Real-time quotes; free graphics and expert trade ideas. Only at TradingView
➡️ Solve your faucets automatically with faucetcollector
➡️ Advertise on your blogger now with a-ads and moonads
➡️ Invest and Trade on Binance and get a % of fees back
➡️Earn some #sats with the best faucet of the moment faucetpay
➡️ Earn for write with publish0x
➡️Buy games on all platforms in half with Gamivo
