Three White Soldiers: The Signal That Shows Bitcoin Bulls Are Preparing For B...
Bitcoin price just touched $46,000 for the first time in months following the worst second quarter selloff on record. The push has continued beyond yesterday’s weekly close – a pivotal close that left behind an extremely bullish battle call. The pattern, called “Three White Soldiers,” is often the sign of a powerful uptrend brewing, but it often arrives with a feign of weakness. Here is more about the potentially important pattern and what it could mean for the current crypto market cycle. Bitcoin Bulls Prepare For Battle With Three White Soldiers Pattern Bitcoin price....
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Data shows funding rates for Bitcoin have turned positive, a signal that might indicate market sentiment is bullish among traders. Bitcoin Funding Rates Turn Positive, While Derivative And Spot Reserves Move Down As pointed out by a CryptoQuant post, the funding rates seem to be slightly positive for the BTC market right now. The Bitcoin funding rates are the payment that traders need to pay so that they can keep an open position. This additional, periodic fee is based on the difference between the perpetual contract market and the spot price. These funding rates are used for perpetual....
Bitcoin price has formed a three white soldiers pattern on its weekly chart, confirming that further gains are in the cards. Bitcoin Price Key Highlights. Bitcoin price could be in for a continuation of its bullish run after this chart pattern formed on its weekly time frame. A three white soldiers formation can be seen with those three bullish candlesticks after a brief period of consolidation. This signals that buyers aren’t done with their rallies, potentially taking bitcoin price to the next area of interest at $800-850 then onto $900-1,000. Technical Indicators Signals. The 100 SMA is....
Bitcoin Price Key Highlights. The bitcoin price rally has been proven unstoppable, with bulls pushing for new highs past the $400 and $450 psychological resistance levels. Bitcoin price even completed an upside break past a double bottom formation visible on the daily time frame. Bitcoin price could be in for much more gains, as three bullish candles formed after the confirmation of a long-term uptrend signal. Aiming for $500? No signs of a major correction or even a slight pullback are materializing for now, which suggests that bullish pressure continues to build up. If so, bitcoin price....
White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White House Chief of Staff Ron Klain, President Joe Biden’s top aide, shared his economic outlook in an interview with MSNBC Thursday. He said: We are not in a recession … Unemployment claims remain at a historical low … The economy is growing. It is strong.....
Ethereum is expected to move much higher in the months ahead as the leading cryptocurrency prints a bullish technical signal. Ethereum Bounces Cleanly Off $390 Horizontal Region in Bullish Move As the chart shared below shows, ETH recently bounced off the $380-390 horizontal region, which marks a win for bulls. The chart shows that over the past few months and even stretching into 2018, the high-$300s were an important level for Ethereum to hold. The […]