Convergence

Bitcoin

Divergence

Coin

<ul class="news-points"> 
 <li>Crypto investors are selling altcoins to take advantage of the ranging crypto market.</li> 
 <li>Many traders are selling altcoins at their resistance levels and buying them back at the next support.</li> 
 <li>The ongoing selloffs of some altcoins is a profit-taking exercise by digital assets investors.</li> 
</ul> 
Crypto investors are selling altcoins to take advantage of the ranging crypto market, according to John Kyle from the <a href="https://www.youtube.com/watch?v=zMk2hEkFaQY" target="_blank" rel="noopener noreferrer nofollow">Crypto Banter YouTube channel</a>. With Bitcoin and cryptocurrencies moving sideways, many investors are selling altcoins at their resistance levels and buying them back at the next support. 
Kyle used the <a href="https://coinedition.com/bitcoin-on-the-rise-blackrock-pursuing-etf-is-crypto-winter-over/" rel="noopener noreferrer nofollow">Bitcoin</a> Moving Average Convergence Divergence (MACD) indicator to explain the developing trend reversal in the cryptocurrency market. According to Kyle, there is a developing MACD histogram signal. He noted that the histogram is turning green on the Bitcoin monthly chart, and at the same time, a bullish moving average crossover is establishing itself. 
The Crypto YouTube analyst identified a notable resistance on the monthly Bitcoin chart, which is gradually flipping into support. He acknowledged that as a momentum-building move for the pioneer cryptocurrency. A c… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/investors-repeatedly-buying-and-selling-specific-cryptos-why/">Investors Repeatedly Buying and Selling Specific Cryptos: Why?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Investors Repeatedly Buying and Selling Specific Cryptos: Why?

Coin Edition

发布于 2023年7月30日的其他文章

John Deaton agrees with Mark Cuban: SEC appeal won’t ensure victory in Ripple case

The US Dollar Index Falls below 100: Implications and Future Outlook

Top Ripple Execs Spark Controversial Debate Over XRP and Taxes

Dogecoin (DOGE) is in a Complex Landscape Top Analyst Warns, Bullish As Long As The Price Stays A...

Cardano’s Potential Bull Run, Analyst Forecasts a Nearly Whopping 3000% Surge

Navigating the DeFi Landscape with DeFiLlama

订阅我们免费的电子期刊，获取每日最新加密领域动态！