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2022-11-29 21:12:02 #Communitymetre — BTC/USD — Asset of the day

For more than 2 weeks, the BTC/USD price stayed in a flat. The 1h chart shows that since November 9th, the price of the asset has generally been in the range of $16,300-$16,700

However, the price of BTC/USD is now characterized by sharp drop down - as it happened on November 14th and November 21st. This led to the price going below $16,000, but it quickly returned to the corridor

Probably, now the $16,000 price is the main psychological barrier for further decrease. On November 28th, the bears, having lowered the price by almost 3%, could not quickly build on their success and the price consolidated at the level of $16,100

Unfavorable news background might strengthen bears' positions and lead to the next break-down of $16,000 line. An important event for the market may be an active audit of crypto exchanges after the crash of FTX

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2022-11-26 12:02:32 Marubozu — a single candlestick chart pattern consisting of a long-bodied candle with very small tails (shadows) or no tails at all.

Let's break down this topic in more detail

A Marubozu signals a strong movement in one direction that is likely to continue.

Bullish Marubozu (formed by a bullish candle) — indicates that the price is likely to continue moving up

Bearish Marubozu (one formed by a bearish candle) — indicates that the price is likely to continue moving down

The trend preceding a Marubozu does not matter much. If a Marubozu candle is bullish, even if it occurred during a down trend, it shows that the sentiment has now changed to the bullish. The opposite also applies to a Bearish Marubozu.

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2022-11-23 18:14:35 !Breaking news!

Large scale protests broke out at the Apple´s biggest IPhone factory in China. People are protesting over the harsh COVID-related restrictions.

How will this situation affect Apple’s quotes?

Btw, you can trade on Apple’s stocks on our platform with the leverage up to x20. Open / Comment

2022-11-22 13:01:23 #Communitymetre — ETH/USD — Asset of the day

ETH price was falling down during the last week, losing more than 10% of its value as a result

The bears are striving to break the $1098.62 level, the peak of ETH price decline after the news of FTX bankruptcy. The Elder Strength Index is still below 0, indicating bearish trend

In addition, the general pessimism of the market might lead to a breakdown of the line. ETH proved that it can go even lower, dropping to $880, as it did in the middle of last summer

The MACD, on the other hand, shows a weakening of the bears' activity, forming a double peak. If the bulls manage to keep the price above $1099, it could be a strong signal to go long

The main focus should still be on the news - news background can strengthen both bulls and bears. And the correlation between BTC and S&P 500 may have an impact on the growth of the market as the whole the dynamics of major crypto-assets after the fall of FTX repeats the trend of the US index

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2022-11-21 20:16:40 Results of the week 14.11.2022-20.11.2022

We have collected assets of the last week and checked how the predictions worked out.

#XRP/USD Asset of the day 16.11.2022 vs 21.11.2022
As expected in the most likely scenario, XRP/USD actually ended up in a $0.34-0.38 sideways. In the near future, the price of the asset will probably try to reach $0.34 and break through it.

#AAPL Asset of the day on 18.11.2022 vs 21.11.2022
AAPL requires more observation time. Let's follow the market together

#Communitymeter Open / Comment

2022-11-18 13:13:18 #Communitymetre — AAPL — Asset of the day

The collapse of FTX has set the trend for the the entire crypto market and largely affected the classic stock market.

AAPL showed an increase of 15% after positive news about the dynamics of the key rate in the USA, and after the release of the annual report, they returned to the previous low of $135.02.

Against the backdrop of generally positive dynamics, investors are concerned about the fall in the company's sales. For the last 7 days, AAPL has mostly been rising. The bulls failed to overcome the level of the previous high of $155. However, the bulls are still in a strong position — the Elder Force index is above 0, and the MACD lines are heading towards 0.

The most probable scenario now is a sideways trend in the range of $135-155 with the possibility of narrowing due to inflation news in the USA.

An important trend marker may be the price of $145.18 at the 30-day SMA.

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2022-11-17 12:02:02 Kicker is a double candlestick pattern that contains two candles with a price gap between the candles.

Let's break down this topic in more detail

Kicker Pattern represents one of the most reliable reversal patterns and can be bullish or bearish.

The Bullish Kicker Pattern develops during bearish price movements. It is formed by a bearish candle, continuing a downtrend, followed by a bullish candle with the open at the level or higher than the previous candle’s open.

The Bearish Kicker Pattern appears during bullish price movements. The pattern consists of a bullish candle, continuing an uptrend, followed by a bearish candle with the open at the level or lower than the previous candle’s open.

Both Bullish and Bearish Kicker patterns are powerful signals for the trend reversal. The bigger the gap, the stronger the signal.

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2022-11-16 17:27:29 #Communitymetre - XRP/USD - Asset of the day

After the news about the FTX’s bankruptcy, XRP as well as the whole cryptocurrency market finds itself in a difficult position. The coin remains in the bearish trend with no positive movement almost all week. On November 9, the price of XRP reached $0.33, which can be compared to the prices of June 2022 or December 2021.

An attempt to break through the line on November 13 and 14 failed, which could be a signal of a sideways trend. On the other hand, the instrument price is below the Bollinger Band, so the positive dynamics of November 14 may be a correction.

The MACD crossing below zero line and the Elder Force Index hint at the same thing. Nevertheless, the first scenario is the most probable one in conditions of market uncertainty, if the news background remains not exclusively negative.

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2022-11-14 19:06:53 Results of the week 07.11.2022-13.11.2022

We have collected assets of the last week and checked how the predictions worked out.

#BTC/USD Asset of the day 08.11.2022 vs 14.11.2022
Last week's results showed the role of the news background in the crypto market again. The main impact on the forecasts was the bankruptcy of one of the largest crypto exchanges - FTX. BTC/USD reached our estimated $20,527 mark and swooped down to $16,500.

#MATIC Asset of the day on 10.11.2022 vs 14.11.2022
MATIC/USD, despite overcoming our assumed $0.87 support line, still managed to level off and go into a $1.12-$0.89 sideways pattern. Like in the case with MATIC (and the whole crypto market as well), further dynamics is difficult to predict. The market stays at its lowest point since 2018. Many experts are predicting tough times for the crypto market. However, with a competent risk-oriented policy, they can become times full of opportunities.

#Communitymeter Open / Comment

2022-11-10 16:50:36 #Communitymetre - MATIC/USD - Asset of the day

MATIC price has been fluctuating for the last week: at first it rose and then fell by 35-37%. The key driver of the dynamics became the news about the purchase of FTX by the market leader Binance. This event undermined the confidence of crypto investors, which led to the crypto market's significant drawdown.

Within 2 days the price of MATIC dropped from $1.25 to $0.95. Further dynamics, given the general market mood, is difficult to predict

Factors that will help to make the right decision about the price movement can be the dynamics of the price of BTS and ETH and also the news background.

The price of $0.94 (October peak point) can become an important milestone. If the price doesn't fix lower, the market may win back its positions and stabilize. Another point to watch out for is the previous low at $0.87. But still, the main factors are the price dynamics of the main coins and news.

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