crypto trend and momentum values for all the cryptocurrencies. Trend and momentum indicators, technical setting for 1-day candles. Vortex, MAs Crossing, ADX, MACD, Hilbert TT, SAR, T3, APO, BOP. Momentum indicators we consider for cryptocurrencies are: Aaron Oscillator, Stochastic, Stochastic RSI, Williams %R, CMO, RSI, CCI. NPXS, BNB, FTT, RVN, DENT
The past week saw BTC reaching its all-time high price and then falling back to earth. All the cryptosphere basically fell accordingly, with top projects clearly suffering behind. The tone was, therefore, cleraly switched in a somehow abrupt fashion. The market fell together with legacy financial markets. Particularly in the US, inflation rising is becoming more and more of a concern, with interest rates rising and outflows from the best performing stocks of the past months. It is not the first time that BTC fell or rise together with the stock market, with last March immediately coming to mind.
crypto trend and momentum values for all the cryptocurrencies. Trend and momentum indicators, technical setting for 1-day candles. Vortex, MAs Crossing, ADX, MACD, Hilbert TT, SAR, T3, APO, BOP. Momentum indicators we consider for cryptocurrencies are: Aaron Oscillator, Stochastic, Stochastic RSI, Williams %R, CMO, RSI, CCI. NPXS, IOST, BNB, COTI, DENT
The past week saw another milestone in the history of space exploration, with the Perseverance rover landing on Mars amidst the enthusiasm of NASA and the entire world. Getting “to the moon” is surely a well-known expression in the crypto world. At this point, we can safely say that BTC has traveled far beyond that. Perseverance was a necessary quality for any cryptocurrency investor between 2018 and 2020, and it finally paid off. Bitcoin broke even the 50’000 USD level this week after a couple of days of “flirting” and the trend shows no sign of weakening. Conversely, altcoins are widely following the uptrend, and adding fuel to the rally.
The 99-periods Moving average which was being tested a couple weeks ago held as a support and this keeps the general uptrend for BTC still intact.
On Friday, the market experienced some turbulence after the news that one of OKEx exchange keys-holder was cooperating with a public security bureau because of an investigation. This in turn caused the freezing of withdrawals from the exchange and BTC price to drop 3% in minutes. However, the 11’000 USD level was not touched and the price rebounded afterwards.
The past week was mildly negative for the cryptocurrency market. BTC price experienced some news-induced volatility during the last days of the period but the performance was not significantly in the red overall.