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Bitcoin price discussion and analysis

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noirua said:
cryptoslate.com

Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector

SVB Financial Group (SIVB) is down 65% and has been halted on the main exchange several times.
cryptoslate.com cryptoslate.com
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Trading halts noted for quite a few banking institutions during overnight trade as well @noirua, which is quite interesting:

investorplace.com

Halted Stocks Alert: Bank Stocks SIVB, FRC, PACW, WAL, SBNY, Face Trading Halts

As Silicon Valley Bank plunged today, Nasdaq halted trading on SIVB stock. Here are the other halted stocks that are still struggling.
investorplace.com investorplace.com
 
farmerge said:
Worrying times coming and for a nautical term troubled waters
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And it doesn't appear to be getting any better either @farmerge - you might be interested in the latest update to the chart review for Bitcoin and Ethereum (as well as the Aussie/US markets) that I posted earlier today (see link below). Coverage for Bitcoin and Ethereum starts at the 24:28 mark, which is timestamped in the comments section.

 
Overall long-term bullish trend is undeniably in place for both Bitcoin and Ethereum, confirmed by prior support levels and support of the 30 week moving average, as explained within the attached weekly video - let the charts tell the story - ignore the news, the hype and everyone else's agenda.

 
IvoryWolf said:
Overall long-term bullish trend is undeniably in place for both Bitcoin and Ethereum, confirmed by prior support levels and support of the 30 week moving average, as explained within the attached weekly video - let the charts tell the story - ignore the news, the hype and everyone else's agenda.

Click to expand...

Good morning mr Ivory. Bitcoin and its mates in my humble opinion is a mug's game. When the bottom of the bucket falls out what then.
 
farmerge said:
Good morning mr Ivory. Bitcoin and its mates in my humble opinion is a mug's game. When the bottom of the bucket falls out what then.
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My personal opinion @farmerge, is that there is no 'fundamental' aspect with respect to cryptocurrency, however Bitcoin and Ethereum do follow technical analysis extremely well as noted in my weekly video series. I've heard various explanations behind the 'fundamentals', with so many people explaining the logic, rhyme and reason, but I just cannot wrap my head around it from my own personal perspective. So many theories abound that make your head spin - that's why I refuse to listen to the cr@p out there any more and only look at the charts - they tell the true story. However, as explained in this latest video, the trend is certainly there, as is my own personal plan with respect to my own personal trade set-up. If the bottom of the bucket falls out (great phrase, by the way - kudos!) and the stop-loss is hit, which would indicate that the trend is broken, you'll see me at the exit, with no emotion attached whatsoever.
 
Degen plays on shtcoin has been back for a bit, maybe a month or so. The space is hotting up again with a few of my crypto friends pumping 300%+ trades over a day. Big numbers as well $1mill+ for some of them.

This in turn has hit the gambling button on the noobgenerates.

Expecting some easy returns for savvy traders. Prep your gambling accounts and throw reason, thought and sensibilities to the wind. It's time to get dirty again.

(Disclaimer: Do not trade crypto, gamble, or be a degenerate.)
 
For all of the crypto traders, you may find this 'bounce' in today's markets of interest, as support is tested. Check out the one minute 'YouTube short' that I released earlier this morning just after the 11am hour where Ethereum closed at EXACTLY the 2083 support level and appears to be bouncing off this support level.



For further details about the current support and resistance levels for both Ethereum and Bitcoin, be sure to check out the details in the weekly video (discussion timestamped in the description box below the video).

 
Seems fairly timely to post up the latest weekly update following this weekend's price action in Bitcoin and Ethereum for those who might be interested. The intraday run sees Bitcoin currently above a former resistance level from 28th March (26974), with Ethereum struggling to stay above a former resistance level from 2nd May (1825). Can Bitcoin hold this former resistance level, now support level, and can Ethereum regain the 1825 level?

 
It looks like the 26974 resistance area for Bitcoin and 1825 resistance area for Ethereum have proved far too strong, sending the crypto values plunging - ignore the hype and story of the SEC/Binance issues which are irrelevant (prices were falling before the announcement). So what's the latest news about support and resistance levels for Bitcoin, Ethereum and Litecoin? And how does this relate to Solana and Bitcoin Cash? Check out the latest edition of my weekly YouTube series for further details, just released earlier this evening, looking directly at the charts.

 
Have you noticed the recent movements in cryptos lately? Bitcoin Cash has been the most notable, but so has Litecoin, along with Bitcoin and Ethereum. This video about Bitcoin Cash could be of interest to you if you'd like to know more about how support and resistance can help with analysis, and the latest weekly analysis will bring you up to the date with the latest - enjoy! :)



 

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