Generative Data Intelligence

Tag: Squeeze

Solana ($SOL) Price Could Soon Rebound as Traders Capitulate, Data Shows

Ethereum ($ETH) rival Solana ($SOL) could soon see its price surge as investors have started capitulating, which historically has been the time in which...

How Far Rising Curve Dao Coin May Reach In Coming Week?

Published 8 hours ago A V-shaped recovery in Curve Dao coin price offsets the recent breakdown from the $0.534 monthly support. This...

CryptoRom “pig butchering” scam sites seized, suspects arrested in US

by Paul Ducklin Over the past year, we’ve had the unfortunate need to warn our readers not once, but twice,...

Curve Whipsaws 75% as DeFi Degens Squeeze Avraham Eisenberg 

Share this article URL Copied CRV has experienced a 75% swing after self-described “applied game theorist” Avraham Eisenberg launched a plan to short the...

Week Ahead – Central banks remain hawkish

US Wall Street’s shortened trading week will be jam-packed with the FOMC minutes, more Fed speak, the flash PMIs and the final look at...

The Challenges Of Bitcoin Adoption Aren’t Stopping Salvadorans

This is an opinion editorial by Rikki, Bitcoin explorer, author and co-host of the “Bitcoin Italia,” and “Stupefatti” podcasts.All images included in this article...

Bacteria-based microrobots show potential for cancer drug delivery

Scientists have explored the use of bacteria for cancer treatment for more than a century,...

Climate tipping points: retreating from the brink and accelerating positive change

Climate change is no longer a distant threat but is already making us face perilous “tipping points” that could alter our...

Trying to Further Optimize the Jasminer X4 1U ASIC Miner

5 Nov 2022 We’ve been playing around with a Jasminer X4 1U Ethash and ETChash ASIC miner for a couple of days now and...

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

Definitive Guide to the Random Forest Algorithm with Python and Scikit-Learn

IntroductionThe Random Forest algorithm is one of the most flexible, powerful and widely-used algorithms for classification and regression, built as an ensemble of Decision...

It’s Time For Another Huge Bitcoin Breakout, Says Strategist Who Correctly Predicted BTC Slump This Year

It’s Time For Another Huge Bitcoin Breakout, Says Strategist Who Correctly Predicted BTC Slump This Year

Bitcoin has been hovering around the $19,000 zone for 14 days straight as traders continue to unpack an array of issues plaguing the markets in...

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