Day: November 16, 2020

Bitcoin Near Inflection Zone, Why Breakdown Below $15,800 Seems Likely

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Bitcoin price started a downside correction from well above $16,200 against the US Dollar. BTC is likely to accelerate losses if there is a clear break below the $15,800 support. Bitcoin failed to stay above the $16,200 support and extended its decline. The price is currently trading below $16,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a sharp decline…

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Traders say $15.5K level ‘crucial’ after Bitcoin price dips below parabola

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Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction. Traders pinpoint $15,500 as the key level to maintain the bull run Since early September, Bitcoin has continuously rallied without major corrections. Typically,…

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Day 734 USA Diary – Wahltag in den USA

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 3. November 2020, sehr früh nach Hayward, nur 12 Grad, Stau gibt’s, heute ist die Präsitentschaftswahl, Unfall verursacht Stau, schlechtes Wetter in Hayward ?, kurzer Tag auf der Arbeit, Elena nimmt mir Flüge weg – muss ich mich natürlich beschweren, 29 Grad heute nochmal, Adapter im Auto haut die Sicherungen durch – muss ich ersetzten, morgen arbeiten ?, die ersten Wahlergebnisse kommen rein am Abend – Leanne besorgt, Pizza zum Abendessen… Als Deutscher in Amerika und die täglichen Herausforderungen des Alltags werden…

Top Trader Expects Ethereum and DeFi Remains Bullish on a Short-Term Basis

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Ethereum currently trades for $450 as of this article’s writing, stuck in a short-term range with DeFi coins as Bitcoin has entered a phase of consolidation. Analysts are optimistic about the leading cryptocurrency due to technical signs indicating it may run back toward the highs. Bitcoin is also seen as bullish by many analysts, who point to on-chain trends. Bitcoin continuing to press higher should bode well for Ethereum over a medium-term and long-term time frame. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Ethereum and…

Rakuten Travel Partners With Cryptocurrency Based Firm – ShareRing [NEWS]

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