Use THESE strategies to easily day trade your crypto [2023] - cyptoranking.com

2024-05-07

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According to another account of the trial, Wang said he met with government officials 18 times. The first two meetings were with agents of Justice Department, Federal Bureau of Investigation, Securities and Exchange Commission and Consumer Financial Protection Bureau, and he told them that Bankman-Fried’s Nov. 7 tweet, “FTX is fine. Assets are fine,” was true. Andreessen Horowitz's Crypto Arm to Establish London Office – Next Crypto Hub? Use THESE strategies to easily day trade your crypto [2023]Now, the interesting thing is you can have approval and disapproval, that can happen on the same day for everyone. But if it is approval, then the interesting thing becomes, well, is everyone going to be ready? On the very next day? And I think that is not necessarily a given. The degree of operational preparedness that each individual issuer is at may very well vary. This is novel. It's not been done before in the U.S. Gamers hate NFTs, according to Helius co-founder Mert Mumtaz.

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What is the CryptoNight algorithm? Asaf Nadler, co-founder of Addressable, which helps Web3 marketers engage with audiences despite anonymity, said that half of his employees are volunteering to help out, “either donating blood or helping get clothes or food, people are deeply involved in that as a company.” cryptocurrency arbitrage botAnother way to invest in NFT games is with its native token. For instance, Axie Infinity has a high-valued currency. In Axie, players are given a native token ($SLP) to spend the coins in the game to progress further. The Federal Reserve did not hike interest rates in its meeting on Sept. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair Jerome Powell cautioned that “the process of getting inflation sustainably down to 2% has a long way to go.”This possible scenario may have triggered the sell-off in the United States equities markets and also in the cryptocurrency space. Risk assets typically tend to underperform in a high-interest-rate environment. While the S&P 500 is down more than 2% and the Nasdaq about 3% this week, Bitcoin (BTC) has remained flat. Daily cryptocurrency market performance. Source: Coin360Altcoins have been unable to hold on to their intra-week gains due to a risk-off sentiment. Still, an encouraging sign is that Bitcoin and the major altcoins have largely managed to stay above their crucial support levels. The price action over the next few days is critical as it is likely to witness a tough battle between the bulls and the bears.Will bears seize the initiative and drag Bitcoin and the major altcoins lower, or could buyers regroup and push prices higher? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin has been trading between the moving averages for the past few days. This tight-range trading indicates indecision between the bulls and the bears about the next directional move.BTC/USDT daily chart. Source: TradingViewBuyers are attempting to keep the BTC/USDT pair above the 20-day exponential moving average ($26,520). If the price rises from the current level, the bulls will again try to overcome the barrier at the 50-day simple moving average (SMA) ($27,050). If they are successful, the pair could surge to the next resistance at $28,143.In contrast, if the price plummets below the 20-day exponential moving average (EMA), it will suggest that the bears are back in command. That will increase the possibility of a retest of the pivotal support at $24,800.Ether price analysisEther (ETH) turned down from the 20-day EMA ($1,628) on Sept. 20, indicating that the bears continue to sell on rallies.ETH/USDT daily chart. Source: TradingViewThe bears will try to solidify their position further by pulling the price below the vital support at $1,530. If they manage to do that, the ETH/USDT pair could start a downward move toward the next major support at $1,368.Contrarily, if the price turns up from the current level or rebounds off $1,530, it will suggest that lower levels are attracting buyers. The first sign of strength will be a break and close above $1,670. That will clear the path for a potential rally to $1,745.BNB price analysisBNB (BNB) turned down from $220 on Sept. 18 and broke below the 20-day EMA ($214) on Sept. 20. This suggests that the price may consolidate between $203 and $220 for a while longer.BNB/USDT daily chart. Source: TradingViewIf the price sustains below the 20-day EMA, the bears will make one more attempt to tug the BNB/USDT pair below the crucial support at $203. If they succeed, it will indicate the resumption of the downtrend. The next support on the downside is at $183.On the upside, the bulls will have to clear the hurdle at the 50-day SMA ($222) to signal a comeback. The pair could first rally to $235 and subsequently attempt an up-move to $250. This level is expected to attract sellers.XRP price analysisXRP (XRP) rose above the 20-day EMA ($0.51) on Sept. 19, but the bulls are struggling to sustain the recovery. XRP/USDT daily chart. Source: TradingViewThe price has again dropped to the 20-day EMA, which is an important support to keep an eye on. If the price turns up from the current level, it will suggest a change in sentiment from selling on rallies to buying on dips. The bulls will then again attempt to kick the price above the overhead zone between the 50-day SMA ($0.53) and $0.56. On the contrary, if the 20-day EMA gives way, the pair could fall to the uptrend line. This is an important level for the bulls to defend because a break below it will invalidate the bullish pattern.Cardano price analysisThe price action of Cardano’s ADA (ADA) over the past few days has formed a descending triangle pattern, which will complete on a break and close below $0.24.ADA/USDT daily chart. Source: TradingViewThe gradually downsloping moving averages suggest an advantage to bears, but the bullish divergence on the relative strength index (RSI) indicates that the bearish momentum may be slowing down. Buyers will have to quickly shove the price above the downtrend line to prevent a breakdown. If they do that, the ADA/USDT pair will be well-positioned for a relief rally to $0.30.If the price continues lower and breaks below $0.24, it will complete the bearish setup and set the stage for a fall to $0.22 and eventually to the pattern target of $0.19.Dogecoin price analysisDogecoin (DOGE) turned down from the 20-day EMA ($0.06) on Sept. 21, indicating that the bears are aggressively defending the level.DOGE/USDT daily chart. Source: TradingViewHowever, the bears have not been able to strengthen their position by yanking the price below the formidable support at $0.06. This suggests that the bulls are buying on dips. The DOGE/USDT pair may swing between $0.06 and the 20-day EMA for some more time.If bulls kick the price above the 20-day EMA, it will indicate the start of a sustained recovery to the 50-day SMA ($0.07) and then to $0.08. On the downside, if the $0.06 level cracks, the pair risks a potential decline to $0.055.Solana price analysisSolana’s SOL (SOL) rose above the 20-day EMA ($19.57) on Sept. 18, but the bulls could not push the price to the 50-day SMA ($21.01). This suggests that the bears are active at higher levels.SOL/USDT daily chart. Source: TradingViewThe 20-day EMA is witnessing a tough battle between the bulls and the bears. If the sellers sustain the price below the 20-day EMA, the SOL/USDT pair could slump to $18.50 and thereafter to the next support at $17.33.Related: Bitcoin blasts past its 2021 all-time high in Argentina, but hyperinflation outpaces gainsOn the other hand, if the price sustains above the 20-day EMA, it will suggest that the bulls have flipped the level into support. That could increase the possibility of a retest of the overhead resistance zone between the 50-day SMA and $22.30.Toncoin price analysisToncoin’s (TON) failure to rise above $2.59 on Sept. 19 and 20 may have tempted short-term traders to book profits. TON/USDT daily chart. Source: TradingViewThe immediate support on the downside is at $2.25. If this level is violated, the TON/USDT pair could drop to the 20-day EMA ($2.08). If bulls want to retain the positive sentiment, they must defend this level. A strong rebound off the 20-day EMA could keep the pair stuck inside the large range between $2.07 and $2.59.Another possibility is that the price snaps back from $2.25. If that happens, it will suggest that traders are not waiting for a deeper correction to buy. That will increase the likelihood of a break above $2.59. The pair may then jump to $2.90. Polkadot price analysisThe bears are fiercely guarding the breakdown level of $4.22 in Polkadot’s DOT (DOT), indicating that every minor relief rally is being sold into.DOT/USDT daily chart. Source: TradingViewThe downsloping moving averages and the RSI in the negative territory indicate that the bears have the upper hand. If the price continues lower and skids below $3.90, it will suggest the start of the next leg of the downtrend toward $3.58.A minor advantage in favor of the bulls is that the RSI is showing early signs of forming a positive divergence. This suggests that the selling pressure could be reducing. A break and close above $4.22 will open the doors for a possible rally to the downtrend line.Polygon price analysisPolygon’s MATIC (MATIC) closed above the 20-day EMA ($0.54) on Sept. 19, but the bulls failed to build upon the momentum. This suggests that demand dries up at higher levels.MATIC/USDT daily chart. Source: TradingViewThe bears pulled the price back below the 20-day EMA on Sept. 21. The sellers will try to sink the pair below the strong support at $0.49. If they manage to do that, the MATIC/USDT pair could resume its downtrend. The next support on the downside is $0.45.Alternatively, if the price rebounds of the $0.50 support with strength, it will suggest that lower levels are attracting buyers. The bulls will have to propel and sustain the price above $0.55 to signal the start of a stronger recovery.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to a recent tweet by Santiment on-chain data vendor, the whale activity on XRP Ledger has dropped significantly compared to the last two calendar years. Still, regardless of that, XRP whales have still been accumulating XRP coins. By utilizing bitcoin miners we can have peaker plants and broad power generation facilities essentially “warmed up” and already providing flow of electrons and molecules to the effect that when winter weather demand strikes the only course of action is redirecting flow. Bitcoin miners are positioned to shoulder this burden better than any other industry today as they can shutdown and power on in a fraction of the time compared to other operations. Allowing bitcoin miners to act as the vanguard in grid balancing rather than relying on industries such as metallurgy (which impacts far more moving parts downstream than a bitcoin miner curtailing). How to buy Dogecoin (DOGE) in Canada?The new smartphone, which will act as a handheld gaming device, will be able to display games on 4K monitors through upscaling and support third-party gamepads such as PlayStation’s DualSense controller, which is already being sold at Apple Stores. The possibilities are endless with the addition of Apples upcoming VR headset. Price analysis 10/4: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

As a result, a bullish divergence had formed on ADA’s charts, noted the analysts. At the time the video was published, ADA’s RSI indicator printed higher lows while ADA’s price remained somewhat dormant. This bullish divergence played out over the past few days, resulting in the cryptocurrency breaking out of a significant bearish chart pattern. What is Blockchain? Everything You Need To KnowWhat Is Bitcoin? Everything You Need To KnowBasics of BTC Mining: How to Mine Bitcoin?How Does Consensus Algorithm Work in Blockchain Network?A Beginner’s Overview of 8 Blockchain Consensus Mechanisms What will crypto be in 20 years?“If the Fed is seen to express more dovish rhetoric, then bitcoin prices could rally,” Butterfill told Blockworks. “Conversely, overly hawkish comments are likely to weigh on prices.” Furthermore, in 1935, Stanley G. Weinbaum, an American science fiction writer, published the book “Pygmalion’s Spectacles.” The book contains a story about the main character exploring a fictional world using a pair of goggles that deliver the five senses: sight, sound, taste, smell, and touch.

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