Don't waste time reading a bunch of irrelevant content. We sel | Scalptech: Crypto Signals by BTCMachine & Autobots

Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

17/05/2022


THE NEWS

BULLISH - COINTELEGRAPH
El Salvador welcomed 44 central bankers from developing countries around the world to tackle financial inclusion and discuss Bitcoin at a three-day conference. “[The] vast majority have no idea of the potential of bitcoin. But with El Salvador adopting Bitcoin, they now have a reason to dive into it.”


BULLISH - CNBC
U.S. Rep. Ritchie Torres saw two fundraising events organized by crypto-heavy investors after writing an industry friendly op-ed. Over $30 million has been invested into campaigns by crypto executives since the start of the 2020 election cycle.


NEUTRAL - CNBC
Luna Foundation Guard said it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD.


NEUTRAL - THE BLOCK
Terraform Labs CEO Do Kwon outlined a proposed fork for the Terra blockchain. The Terra community appears to be against the idea, favouring a token burn solution instead.



PRICE ANALYZES

BULLISH - Dollarcurrency21 @Dollarcurrency1
BTC 4h time frame - potential H&S pattern - probably we will test $35k-$36k


BEARISH - Rekt Capital @rektcapital
Historically, BTC tends to bottom at, around, or just below the 200-SMA (blue) BTC would need to drop at least an additional -25% from current prices to bottom at the 200-SMA.


BULLISH - BTCfuel @BTCfuel
USDC Dominance is getting rejected and is likely heading lower in the next weeks. This means money flows back into Bitcoin and altcoins which is very bullish


BULLISH - Michaël van de Poppe @CryptoMichNL
Looks like we keep on grinding, as Bitcoin and Altcoins are moving upwards. As long as $30K holds, continuation likely towards $32.8K. The Dollar also showing weakness, which benefits.