Wednesday, February 8, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Ethereum

Why Bitcoin, Ethereum May Be Fueling Up To Skyrocket: What To Watch For

by Crypto News
October 9, 2021
in Ethereum
0
Why Bitcoin, Ethereum May Be Fueling Up To Skyrocket: What To Watch For
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have all settled into bullish flag patterns on the each day chart. The bull flag sample is created with a pointy rise greater, forming the pole, which is then adopted by a consolidation sample that brings the inventory or crypto decrease between a channel with parallel traces or when the crypto trades sideways right into a tightening vary that types a triangle.

  • For bearish merchants, the “pattern is your pal” (till it is not) and the crypto might proceed downwards or sideways inside the following sample for a brief time frame. Bears might wish to enter the commerce if the crypto drops by means of the underside of the consolidation sample. Aggressive merchants might determine to brief the inventory on the higher trendline and exit the commerce on the decrease trendline.
  • Bullish merchants will wish to look ahead to a break upwards from the higher descending trendline of the flag formation, on excessive quantity, for an entry. When a inventory or crypto breaks up from a bull flag sample, the measured transfer greater is the same as the size of the pole and ought to be added to the bottom value inside the flag.

A bull flag is negated when a inventory or crypto closes a buying and selling day beneath the decrease trendline of the flag sample or if the flag falls greater than 50% down the size of the pole.

See Additionally: Crypto Analyst Michaël van de Poppe Says Bitcoin Will Hit This Six-Figure Price After Blowing Past $63,000

The Bitcoin Chart: Bitcoin has a bull flag on the each day with the pole created between Oct. 4 and Oct. 6 and the flag between Thursday and Saturday. 

btc_oct._9.pngThe Ethereum Chart: Ethereum has a bull flag, with the pole created between Oct. 1 and Oct. 7 and the flag between Thursday and Saturday.eth_oct._9.png

Be a part of ZINGERNATION and earn ZING, a brand new cryptocurrency we launched aimed to reward members as we construct a group to search out and share nice buying and selling and investing alternatives. Obtain the cellular app now, accessible on iOS and Android.

Click here, or sign up for our newsletter to discover extra of Benzinga’s Cryptocurrency market protection, in-depth coin evaluation, knowledge, and reporting.



Source link

Related articles

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

November 28, 2022
Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

November 28, 2022
Share76Tweet47

Related Posts

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

by Crypto News
November 28, 2022
0

Ethereum is down $44.10 immediately or 3.63% to $1172.11 --Snaps a six day successful streak --Down 25.17% month-to-date; On...

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

by Crypto News
November 28, 2022
0

Ethereum’s burning charge was greater than minting actions, leading to a very good provide charge Staking actions had been...

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

by Crypto News
November 28, 2022
0

Ethereum (ETH -3.67%) could also be down 69% for the 12 months, however its rivals are getting crushed even...

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

by Crypto News
November 28, 2022
0

The crypto market has been crashing since October 2021. A yr has handed and crypto costs are nonetheless on...

Daily Brief Financials: Ethereum and more – Smartkarma

Daily Brief Financials: Ethereum and more – Smartkarma

by Crypto News
November 28, 2022
0

Daily Brief Financials: Ethereum and more  Smartkarma Source link

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
XRP Ripple: We Are Seeing The Lowest Numbers On XRP Prices That We’ve Ever Seen! (Wake Up!)

XRP Ripple: We Are Seeing The Lowest Numbers On XRP Prices That We’ve Ever Seen! (Wake Up!)

February 8, 2023
ETHEREUM TO FAIL? #Shorts #YouTubeShorts #crypto #btc #ethereum

ETHEREUM TO FAIL? #Shorts #YouTubeShorts #crypto #btc #ethereum

February 8, 2023
BU HAFTA ALIM YAPILACAK EN İYİ 7 POPÜLER ALTCOİN!🚀AYI SEZONU ÖZEL YATIRIMLIK GÜNCEL ALTCOİN SEPETİ!🔥

BU HAFTA ALIM YAPILACAK EN İYİ 7 POPÜLER ALTCOİN!🚀AYI SEZONU ÖZEL YATIRIMLIK GÜNCEL ALTCOİN SEPETİ!🔥

February 7, 2023
Meet the Youngest Bitcoin Billionaire $100,000,000 Car Collection !!!

Meet the Youngest Bitcoin Billionaire $100,000,000 Car Collection !!!

February 7, 2023

Recent News

XRP Ripple: We Are Seeing The Lowest Numbers On XRP Prices That We’ve Ever Seen! (Wake Up!)

XRP Ripple: We Are Seeing The Lowest Numbers On XRP Prices That We’ve Ever Seen! (Wake Up!)

February 8, 2023
ETHEREUM TO FAIL? #Shorts #YouTubeShorts #crypto #btc #ethereum

ETHEREUM TO FAIL? #Shorts #YouTubeShorts #crypto #btc #ethereum

February 8, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News