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Sajjad Askari
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The Indian government is considering a 30% tax on cryptocurrency transactions. The government has also proposed a 1% tax on all cryptocurrency holdings. Share your thoughts in comment section
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#crypto
#crypto2023
#BTC
#India
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BTCUSD has been trading in a sideways market for the last couple of hours.$BTC Support levels are now located at 64,500.00 and 60,300.00. Now, the resistance level is located at 67,930.00. If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order. $BTC
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The U.S. CPI report may extend the bearish trend in BTCUSD Today, the U.S. Bureau of Labour Statistics will publish the Consumer Price Index (CPI) report at 12:30 p.m. UTC. The data release will likely affect the exchange rate of the U.S. dollar (USD) and related pairs. How to use the opportunity: place a pending Sell Stop order near 56083.57, with a Stop Loss at 58179.31 and Take Profit at 53987.83. The risk-reward ratio for this order is 1:1. Explanation The CPl report will show how the prices of goods and services purchased by consumers have changed over the past month. Most investors and traders will focus on the core inflation rate, which tracks the changes in prices for a basket of goods, excluding food and fuel. The market expects a 0.2% rise in monthly core inflation and a 3.2% annual increase. We project the U.S. core CPI figures to be higher than anticipated, implying a possibility for a bearish surprise in BTCUSD.$BTC $BTC #CPI_BTC_Watch #BTC☀
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$BTC analysis BTCUSD has faced selling pressure in the past few hours. The support levels are now at 62,000.00 and 54,600.00. If the pair bounces off the support, analysts advise placing a Buy order with a take profit at the closest resistance level. However, if a breakout is confirmed, a Buy order is recommended. The resistance level currently stands at 65,000.00.
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$BTC analysis BTC has been under selling pressure within the last couple of hours. Support levels are now located at 62,000.00 and 54,600.00. Now, the resistance level is located at 65,000.00. #BTC☀ #BTC500K #btc70
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$XRP Analysis TP1: 0.6432 TP2: 0.6543 **Technical Analysis Update: Key Levels to Watch** **Pivot Point: 0.6060** **My Preference:** - The market outlook remains bullish as long as the 0.6060 support level holds. If this level continues to provide support, the next target is 0.6543. **Alternative Scenario:** - A downside break of 0.6060 could shift the trend towards the bearish side, with potential downside targets at 0.5877 and 0.5768. **Technical Indicators:** - **RSI (Relative Strength Index):** The RSI is above 50, indicating a bullish sentiment, but it's important to monitor for any signs of weakening. - **MACD (Moving Average Convergence Divergence):** Although the MACD is in positive territory, it is currently below its signal line, suggesting the possibility of a short-term retracement. - **Moving Averages:** The price is trading above both the 20-period (at 0.6193) and the 50-period (at 0.6135) moving averages, supporting the bullish trend. **Supports and Resistances:** - **Resistance Levels:** 0.6762 ** 0.6653 * 0.6543 ** 0.6434 - **Support Levels:** 0.6204 (last) 0.6132 0.6060 ** In summary, as long as 0.6060 holds as a support, the bullish trend remains intact with a target of 0.6543. Keep an eye on the RSI, MACD, and moving averages to assess the trend's strength and any potential reversals. #Xrp🔥🔥 #XRPPredictions $XRP
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