Monthly Archives: September 2020

Bitcoin-prijsvoorspelling: BTC/USD crasht tot $10.300 Laag, een verdere daling is waarschijnlijk

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Bitcoin (BTC) Prijsvoorspelling – 21 september 2020
Bitcoin bereikt een high van $11.174, maar is teruggekeerd naar een $10.812 low. Na het opnieuw testen van de $11.000 weerstand stortte BTC/USD zich op het dieptepunt van $10.321. Vandaag is de BTC-prijs naar boven bijgesteld en wordt er gehandeld op $10.531 op het moment van schrijven.

Resistance Levels: $10.000, $11, 000, $12.000
Steunniveaus: $7.000, $6.000, $5.000

BTC/USD – Dagkaart
Vandaag de dag is Bitcoin gedaald tot het niveau van $10.000 aan psychologische ondersteuning, nadat het er niet in geslaagd is om de $11.000 aan overheadweerstand te doorbreken. De stieren duwen BTC naar de hoogtepunten van $11.041 en $11.174 maar slaagden er niet in om de opwaartse trend boven de $11.000 weerstand te ondersteunen. De koopdruk droogt op bij een hoger prijsniveau. Verkopers overweldigen de stieren boven de $11.000 weerstand.

De beren zijn erin geslaagd om de BTC-prijs naar de $10.000 steun te duwen. Verkopers kunnen proberen de BTC-prijs boven het $9.800 steunniveau te duwen. Begin september hebben de beren verschillende pogingen ondernomen om de $10.000 steun te breken, maar zonder resultaat. Aan de andere kant, als de beren erin slagen om de $10, 000 en $9.800 steun te breken, zal BTC dalen tot $9.400 en vervolgens het dieptepunt van $9.000 bereiken. Omgekeerd, als de $10.000 steun houdt, zal Bitcoin het opwaartse momentum hervatten. Vandaag de dag vertoont de prijsactie nog steeds bearish signalen.

Bitcoin-indicator lezen

De munt ligt onder de 80% van het dagelijkse stochastische bereik. Het geeft aan dat de munt in een bearish momentum is. De BTC-prijs is ook gebroken onder de EMA’s, wat duidt op de hervatting van een neerwaartse beweging. De prijs is gebroken onder de weerstandslijn van het dalende kanaal. De BTC-prijs is gedaald in het kanaal om te handelen in een dalend kanaal.

BTC/USD – Dagkaart
Na de recente crash viel Bitcoin naar een dieptepunt van $10.312 en ging het weer omhoog. De prijs testte de $10.500 opnieuw en zette de neerwaartse beweging voort. In de laatste bearish impuls van 21 september testte de geretrocedeerde kaars het 78,6% Fibonacci retracement niveau. Het geeft aan dat de munt zal dalen naar het lage niveau van 1.272 Fibonacci retracement. Dat is de munt zal dalen tot het laagste niveau van $10.133. Op het 1,272 Fibonacci verlengingsniveau zal de BTC-prijs omkeren naar het 78,6% retracementniveau waar het vandaan komt.

Bitcoin braces for yet another $ 11,100 attack

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On September 16, the price was rejected by the $ 11,100 zone.

There are short-term weaknesses, but the long-term picture remains bullish.

It seems plausible that the price has started a new bullish impulse

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The price of Ethereum Code has been declining since its rejection by the area of $ 11 September 16 100.

That said, price is expected to reverse its trend shortly and generate another higher high.

Bitcoin clings to its rise

On September 16 , Bitcoin’s price hit a high of $ 11,100, located between the fibonacci levels 0.5 and 0.618 of the entire downward movement.

Interestingly, BTC did not break through the low of $ 11,112, dating back to August 25. In such a scenario, this would reject several possible accounts of bearish and longer-term waves, although this is unlikely.

Additionally, price has yet to pass the descending resistance line created from the two most recent lower highs

Technical indicators are bullish, but have yet to confirm the start of a new uptrend. This would likely be confirmed by a move of the MACD into positive territory, a rise in the RSI above the 50 line, and / or a bullish cross within the Stochastic Oscillator.

On September 14, the price of Bitcoin began to slowly rise. This climb lasted two days, until the price reached a local high of $ 11,000. Throughout this period, there was considerable bearish divergence in the RSI like the MACD, and their trend had yet to be broken.

A modest decline has already occurred as a result of the divergence, and the MACD has started to recover from negative territory. This could suggest that the price will resume its upward movement soon.

So far, the most plausible wave count had an ongoing correction in BTC, which would still be in wave 4 (orange below) of a bearish five wave formation. Having said that, the length and shape of this wave now cast doubt on this formation, and indicates that it would be more plausible that the price has now started a bullish momentum.

In this case, BTC would have started a new upward movement on September 9 (in red below).

The easiest way to determine if this scenario is correct would be a return to the top of Sub-Wave 1 (in red below), located at $ 10,483. A decline in price to this area would invalidate not only the rising support line for waves 0-2 (in black) but also the wave 2 rule.

If price bounces near $ 10,500, that would almost certainly confirm that BTC will begin a further rise.

Bitcoin alternative wave count

In conclusion, Bitcoin’s price has started to show short-term weaknesses, which could lead to a drop towards $ 10,600. That said, it seems more plausible that BTC is in a new impetus, rather than a correction.

Is a global stablecoin possible?

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In recent years, and increasingly so, a new type of virtual currency has grabbed headlines around the world. We refer to stablecoins, stable virtual currencies with a high level of centralization and stability in their quotation. For this reason, and in view of their growing importance, it is normal that we question whether a global stablecoin is possible. This topic was discussed during the Cripto Latino Fest today.

Stablecoins: a refuge against the volatility of cryptosystems

The importance of stablecoin
If one word has been associated with cryptomonies to this day, it is „volatility“. Since it began to gain relevance worldwide, the price of Bitcoin has suffered a series of surprising rises, followed by sharp collapses. This has led many investors to consider cryptomoney too volatile an asset to invest in the long term.

Faced with this problem, the stablecoins were born, virtual currencies whose value is backed by a traditional asset. Be it Fiat money, natural resources or, in some cases, a basket of cryptomonies. Therefore, each token issued from a stablecoin would have its value guaranteed by a fund from the base asset of the token. Varying its quotation in the same measure as its asset base.

Thanks to this, stablecoin such as Tether, BUSD or USDC were born. Although these have a greater level of centralization than cryptomonies, since the fund with the reserve asset must be managed by a centralized entity. They have become popular within the crypto community, providing a guarantee of stability for traders and crypto users.

What about the institutional demand for Stablecoins today?

A global virtual currency
For this reason, and as part of the Cripto Latin Fest, our house analyst, Claudio Quiñonez, commented on the possibility that the growth of stablecoins could reach a point where one of these virtual currencies could become a common currency worldwide. And in this respect, for Quiñonez this is not only a possibility but practically a certainty.

This does not prevent him from warning about the risks of stablecoins, and especially those issued by central banks of the countries. As Quiñonez commented, the problem with these stablecoins is that they give governments excessive power to make and break with the virtual currencies they issue. The advantages that crypto-currencies bring to the financial world thanks to the decentralization of the Blockchain have been eliminated.

Thus, Quiñonez defends a third possibility, with stablecoins backed by Bitcoin. These stablecoins, for the cryptoanalyst, would be reaching a point of maturity, with different mechanisms to avoid the volatility of BTC. As if we could consider the possibility of using stablecoins backed by cryptomoney, to combine the decentralization offered by Bitcoin Revolution with the stability of stablecoins.