2 years ago
Damanick is simply a crypto marketplace expert astatine CoinDesk wherever helium writes the regular Market Wrap and provides method analysis. He is simply a Chartered Market Technician designation holder and subordinate of the CMT Association. Damanick is besides an equity/fixed income portfolio manager and does not put successful integer assets.
Bitcoin (BTC) is stabilizing aft a 3% diminution implicit the past week. Short-term buyers person returned astir the $37,500 support level, though resistance astatine $43,000 could stall an upswing successful price.
BTC was trading astir $39,400 astatine property clip and is astir level implicit the past 24 hours.
Momentum signals stay neutral connected the charts, which typically precedes a play of rangebound terms action, akin to what occurred betwixt May and July of past year.
BTC is astir 2 weeks distant from registering a countertrend bullish signal, per the DeMARK indicators. If confirmed, buyers could statesman to accumulate up of a seasonally beardown play successful May.
Still, bearish signals connected the monthly illustration suggests constricted upside for BTC beyond the $50,966 absorption level.
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Damanick is simply a crypto marketplace expert astatine CoinDesk wherever helium writes the regular Market Wrap and provides method analysis. He is simply a Chartered Market Technician designation holder and subordinate of the CMT Association. Damanick is besides an equity/fixed income portfolio manager and does not put successful integer assets.
Damanick is simply a crypto marketplace expert astatine CoinDesk wherever helium writes the regular Market Wrap and provides method analysis. He is simply a Chartered Market Technician designation holder and subordinate of the CMT Association. Damanick is besides an equity/fixed income portfolio manager and does not put successful integer assets.
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