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Showing posts with the label weekly

XRP weekly chart triggers massive buying opportunity

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Although the larger part of the cryptocurrency sector is trading in the red this week, the temporary setback might represent a massive opportunity to accumulate some of its assets, particularly XRP, which seems to getting ready to start an upsurge lasting at least one week. As it happens, XRP’s TD Sequential indicator, which generally points at potential trend reversals and continuation patterns, is signaling a ‘buy’ on the weekly chart for this cryptocurrency, as per the Analysis shared by crypto trading expert Ali Martinez in an X post published on February 6. Indeed, according to the renowned crypto analyst’s observations, such a chart pattern context suggests that XPR is preparing for an “upswing lasting one to four weeks.” Hence, this might be an ideal time to buy before the price inevitably increases. XRP price action analysis. Source: Ali Martinez XRP price analysis As things stand, the XRP token is currently changing hands at $0.503, recording a decline of 0.49% in t...

Bitcoin forms first ever weekly Golden Cross; What it means for BTC price?

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After a sudden dip that retraced the Bitcoin (BTC) price , this flagship crypto is slowly recuperating, and one pattern can be a sign of bullish things to come. BTC has recently experienced a significant event in the trading realm known as the “Golden Cross.” This occurrence marks the first time this bullish pattern has manifested on the weekly chart, as per X post from analytics platform Barchart on January 8. Bitcoin weekly Golden Cross. Source: Barchart A golden cross is identified when an asset’s short-term moving average (MA) surpasses its long-term moving average, signaling positive market sentiment. What can the Golden Cross mean for BTC? The occurrence on this cryptocurrency’s weekly chart involves the 50-week moving average surpassing the 200-week MA. Traditionally, this pattern is interpreted as a positive signal, hinting at the potential for a sustained upward trend. Cryptocurrency Honduran special economic zone adopts Bitcoin as unit o...

Coinbase denies weekly $5k withdrawal limit on Bitcoin

Cryptocurrency exchange Coinbase has denied reports that it has introduced $5,000 weekly limit s on Bitcoin (BTC) withdrawal s. In a post, one user X (form. Twitter) claimed he had encountered a limitation on withdrawing Bitcoin from Coinbase. The limit was $5,000 per week. The post received over 250,000 views, over 420 retweets, and almost 2,000 likes. It also caught the attention of cryptocurrency researcher Chris Black, who asked if anyone could verify the claim made. . @Coinbase is limiting bitcoin withdrawls. I just tried to send BTC from Coinbase to my cold wallet, and encountered a NEW $5k/wk withdrawl limit policy (implemented 10/13). I've been a Coinbase customer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!! — Colin Brown (@thecolinbrown) October 23, 2023 It later turned out that there are no restrictions on withdrawing BTC to Coinbase. According to the user, exchange support contacted him and unblocked BTC. “Unfortunately, they offered a prett...