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GreyNoise Intelligence Partner Network Launches in the Cybersecurity…

GreyNoise Intelligence has launched a multi-faceted partner program to help customers defend against mass exploitation attacks "By building partnerships with other...

Strobes Security Selected As 2022 Red Herring Top 100 Global Company

Strobes Security Selected As 2022 Red Herring Top 100 Global Company We are proud to be listed in Red Herring’s Top...

Bisq Review 2023: The MOST Decentralized Exchange?

<!-- --> Ah, DeFi… Does it get any better than being in full control of your finances with no boundary-overstepping authoritarian...

Bisq Review 2022: The MOST Decentralized Exchange?

<!-- --> Ah, DeFi… Does it get any better than being in full control of your finances with no boundary-overstepping authoritarian...

Optimism Review 2023: Ethereum’s Ultimate Scaling Solution?

<!-- --> I don’t know if there has ever been more of a polarizing love/hate relationship with anything in history than...

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

UK Welcomes New Prime Minister Who Wants To Make Country Global Hub for Crypto Technology

The United Kingdom’s new prime minister is an apparent fan of digital assets, saying he wants to make the country a hub for crypto technology. According to the New York Times, Rishi Sunak, 42, the son of Indian immigrants, has become the first person of color to lead Britain and his leadership comes during challenging […]

The post UK Welcomes New Prime Minister Who Wants To Make Country Global Hub for Crypto Technology appeared first on The Daily Hodl.

Eros Media World Announces Association with Ministry of Investment in Kingdom of Saudi Arabia (MISA)

~ The two entities formalized their association at Future Investment Initiative (FII) being held in Riyadh from 25-27 October 2022

KuCoin vs SwissBorg 2023: Top Crypto Exchanges Compared

<!-- --> Finding the perfect crypto exchange can be difficult, we get it. Here at the Coin Bureau, we spend countless...

Reflections on the Immerse Technology Conference – AREA

As the dust settles on the latest conference season, I wanted to share my reflections and excitement as we resume conducting face-to-face AR events...

Reflections on the Immerse Technology Conference – AREA

As the dust settles on the latest conference season, I wanted to share my reflections and excitement as we resume conducting face-to-face AR events...

Spain Leapfrogs El Salvador into Third Place as Top Crypto ATM Nation

Spain has pushed El Salvador into fourth position and taken the third position as the country with the biggest number of cryptocurrency ATMs. At the moment, Spain has 215 ATMs while El Salvador has 212 ATMs as of the latest count. Globally, Spain now commands a 0.6% share of all the capacity of installed crypto … Continue reading "Spain Leapfrogs El Salvador into Third Place as Top Crypto ATM Nation"

The post Spain Leapfrogs El Salvador into Third Place as Top Crypto ATM Nation appeared first on CryptoCurrencyWire.

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