Ling Xue

#Binance Cryptocurrency trader, I want to communicate with more people about the trend of cryptocurrency

[Ling Xue @Kahlua406]

An ascending triangle is a bullish continuation setup that occurs during an uptrend. The rise in prices confirmed their presence within an ascending right triangle formation, forming a series of lower highs on the lower trendline with resistance above.

[Ling Xue @Kahlua406]

Digital gold (Bitcoin) has plummeted to <$37k, while Gold has risen >$1900/oz. Correlation between digital & analog Gold is now even neg. Narrative that digital Gold is better way to escape has not panned out in Ukraine.

[Ling Xue @Kahlua406]

Reach and hold $45K would be absolutely key for bulls, this marking last week’s https://t.co/PEhEsGAUPv part of the ongoing events in Canada’s Freedom Convoy protests, the government announced that it would expand Anti-Money Laundering surveillance to cover crypto transactions.

[Ling Xue @Kahlua406]

Bidding green box(es); would like to see a higher low set for continuation. Flip the 40-41k area as support and can start eyeing 47K which is PoB in confluence with yearly open and STH realized price. Final major area is 58k.

[Ling Xue @Kahlua406]

The U.S. dollar index (DXY), which measures the greenback’s strength against a basket of top foreign currencies, rose to 97.441 last Friday, logging its best level since July 2020. However, the index had corrected by nearly 1.50% to over 96.00 by Feb. 3.

[Ling Xue @Kahlua406]

1.2.3.📸😂

[Ling Xue @Kahlua406]

Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022.

[Ling Xue @Kahlua406]

#homesick Time goes by, and parents grow old too

[Ling Xue @Kahlua406]

Second Life creator Philip Rosedale returns to the fold, Disney's patent for a "virtual-world simulator in a real-world venue” suggests an entry to the Metaverse, and Animal Concerts partners with South Korea-based Kakao’s Klaytn project.

[Ling Xue @Kahlua406]

Meta Platforms was formerly known as Facebook until a major rebranding exercise in Oct 2021. Its virtual reality hardware business “Reality Labs” has been hard at work in the months since, successfully creating a prototype of its virtual reality “haptic gloves” in mid-Nov 2021.

[Ling Xue @Kahlua406]

Both saw BTC consolidate inside two Bull Market EMAs (i.e., green 21-week & blue 50-week EMA). If BTC is to repeat history, a capitulation event could take place where BTC briefly deviates below the blue 50 EMA.

[Ling Xue @Kahlua406]

Both moving averages are turning down and the relative strength index (RSI) is in the negative zone. If the price turns down from the 20-day EMA, the bears will try to sink the price below $45,456. the next leg of the downtrend to $42K and then to $40K could begin.

[Ling Xue @Kahlua406]

When China banned Bitcoin mining, global Bitcoin hashrate sharply fell, then nearly as suddenly recovered. Now the United States leads the world in hashrate, followed by Kazakhstan and Russia. Arcane believes miners will disperse even further into regions like Latin America.

[Ling Xue @Kahlua406]

What appears to be a “new player” starts flipping $50,000 to resistance after some brief Christmas cheer for Bitcoin bulls.BTC lost $50,000 for the first time in several days on Dec. 26 as exchange inflows caught up with the cautiously optimistic mood.

[Ling Xue @Kahlua406]

Bitcoin price flatlines as XRP hits $1 with ‘massive’ altcoin move set for 2022.Encouraging signs are appearing across altcoin charts, Michaël van de Poppe says, while Bitcoin offers no surprises with a comedown from 10-day highs.

[Ling Xue @Kahlua406]

Taking its year-to-date losses to near 60%, the latest slide brought the focus back to Bitcoin and other cryptocurrencies as a potential hedge against extreme economic policy.BTC/TRY passed 800,000 in a record-breaking move overnight, having doubled in just two-and-a-half months.

[Ling Xue @Kahlua406]

On Dec. 18, the BTC price will experience a death cross, a market indicator that occurs when a short-term moving average slips below a long-term moving average. In this case, BTC 20-day exponential moving average (20-day EMA) will close below it 200-day exponential moving average

[Ling Xue @Kahlua406]

Crypto is a wide variety of products, and the rules of our financial system are clear and long-standing. But there are many crypto sectors like stablecoins that are not securities and outside of SEC purview .No need to register your fundraising with the SEC.

[Ling Xue @Kahlua406]

Bitcoin dipped just below $50,000 as Evergrande defaulted. The Chinese property development giant may have caused Bitcoin’s most recent price drop. Will this price point serve as firm support?

[Ling Xue @Kahlua406]

After buying frequently since BTC/USD hit $69,000 all-time highs last month, the wallet holder upped the ante overnight with a single purchase of 2,700 BTC — taking their total to 118,017 BTC.A strong bounce among major altcoins has further added to convictions held.