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Tag: break down

The Future of NFTs, Blockchain and Skins

The blockchain industry has been labelled as the future for development and innovation. While the concept is still very much underway within business,...

Hundreds of Twitter Employees Want to Resign After Elon Musk’s Ultimatum: Report

Just three weeks after acquiring social media giant Twitter, Elon Musk has triggered a mass exit at the company. Within the first week, the...

Kraken Daily Market Report for November 17 2022

Overview Daily spot trading volume: $576.5 million, 30 day average spot: $723.1 million. Total futures notional: $103.0 million. The top five traded coins were, respectively, Tether...

Fiat Currencies Around The World Face The Same Fate As The FTX Fiasco

This is a recording of a recent Twitter Spaces with the Bitcoin Magazine Pro team and Mark Moss to break down the FTX implosion...

Agile Banking Transformation: A New Era in Banking

The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world,...

Kraken Daily Market Report for November 16 2022

Overview Daily spot trading volume: $715.7 million, 30 day average spot: $718.7 million. Total futures notional: $90.7 million. The top five traded coins were, respectively, Tether...

Computer Proof ‘Blows Up’ Centuries-Old Fluid Equations

IntroductionFor centuries, mathematicians have sought to understand and model the motion of fluids. The equations that describe how ripples crease the surface of a...

This Chart Makes Me Feel Pretty Good About Bitcoin and Ether

Nick here: I’m traveling at press time, but I was talking with Tom and he felt pretty strongly that he should get this Microcurrency...

Why 1inch users are moving to Toon Finance Protocol

Buy and sell Bitcoin the easy way Start your crypto portfolio today! ...

Laughing gas could point to alien life on Earth-like planets

The presence of nitrous oxide in the atmospheres of Earth-like exoplanets could be a signature...

The Inverted Bitcoin Chart Bears Don’t Wanna See | BTCUSD Analysis October 27, 2022

In this episode of NewsBTC’s daily technical analysis videos, we flip the Bitcoin price chart upside down to get a unique perspective on the market. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 27, 2022 We also examine a weekly buy signal on BTCUSD using the Relative Strength Index, and show several examples of the signal’s effectiveness using Bitcoin and other assets. Related Reading: Bitcoin Bollinger Band Breakout Starts To Squeeze Shorts | BTCUSD Analysis October 26, 2022 Inverted Bitcoin Price Chart Could Suggest Bear Market Is Over When price action seems confusing, inverting the chart of any asset can help to remove bias and provide a clearer picture. Looking at BTCUSD from this perspective, it sure looks like a retest of horizontal support turned resistance. There is also an ongoing breakdown of an uptrend line. But remember, everything is upside down. On higher timeframes, diagonal downtrend resistance remains intact. We can also clearly see very similar price action across the last major “top” which is actually the 2018 bear market bottom. When you flip things right side up again, does Bitcoin really look all that bearish? Bitcoin bulls can turn that frown upside down | Source: BTCUSD on TradingView.com Related Reading: Are Bitcoin Bulls Ready To Stampede? | BTCUSD Analysis October 25, 2022 BTCUSD Weekly RSI Buy Signal Days Away From Confirming Moving along, we also have a potential buy signal on the weekly Relative Strength Index. This one is particularly important, as this is how the tool’s creator intended it to work. The buy signal happens when a higher high is made on the RSI, after reaching oversold conditions and holding above oversold territory on a subsequent bounce.  It does help that BTCUSD weekly is also working on breaking out of downtrend RSI resistance also at the very same time. Looking back at past Bitcoin bottoms, we can see that it was this exact buy signal that put in each bottom on weekly timeframes. We can also see there is a cyclical rhythm to when each downtrend has come to its conclusion. Cyclical timing could suggest crypto winter is over | Source: BTCUSD on TradingView.com Related Reading: Can Bitcoin Bring An End To Crypto Winter? | BTCUSD Analysis October 24, 2022 The End Of The Dollar Rally Could Conclude Crypto Winter If that was a RSI buy signal on the BTCUSD weekly, what we are about to see is a sell signal on the RSI via the DXY weekly. The sell signal on the Dollar Currency Index is beginning to break down from a diagonal RSI support line, and break down from its ongoing parabola.  Putting the DXY and Bitcoin chart side to side, we can see that there are directly opposing signals on each chart. Watch the full video for the complete analysis and more comparisons. The dollar and BTC are giving opposite signals | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Digital Transformation: Embracing Complexity & the Courage to Fail

The last couple of years has taught us that change is constant. And, amid all the chaos – whether it’s spurred by disruption, inflation, business growth, new markets, new product lines, mergers and acquisitions, or evolving customer requirements – the supply chain is not a background actor but often at the heart of what drives failure or success.

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