empty
09.11.2023 10:17 AM
Technical Analysis of BTC/USD for November 9, 2023

Crypto Industry News:

The now-defunct cryptocurrency exchange FTX, along with its sister company Alameda, successfully transferred approximately $38.5 million worth of assets to other centralized exchanges. According to reports, the ongoing selling frenzy is due to the need to meet its obligations to creditors.

According to online analyst Spot On Chain, approximately seven assets were recently transferred from addresses associated with FTX and Alameda to popular cryptocurrency exchanges. This sale occurred shortly after another transaction made by these entities on November 7.

In the latest round, assets worth approximately $38.5 million were transferred to FTX and Alameda addresses.

The seven assets included in the transfer are: 750,000 SOL worth USD 31.2 million, 325,501 ENS worth USD 2.76 million, 10.1 million GMT worth USD 2.22 million, 642,702 LDO worth USD 1.26 million, 288,211 APE worth USD 410,000 , 127,407 BADGER valued at $365,000 and 555,342 BNT valued at $323,000.

The once hopeful cryptocurrency exchange has been selling significant amounts of assets since early November. On November 7, the collapsed exchange transferred approximately 1.21 million SOL worth $48.6 million and 1,583 ETH worth $48.6 million to Kraken and Binance.

Similarly, on November 3, the stock exchange transferred approximately 800,000 shares to the same exchanges. SOL, which is equivalent to approximately USD 32.7 million. Between November 1 and 2, the company sent SOL, MATIC, ETH, MASK, SUSHI, BAT, GALA, LDO, C98, AAVE, ALICE, AXS, DYDX, ZRX worth almost $50 million to the popular Binance and Coinbase platforms.

As of November 8, the now-defunct former giant, together with its sister company, had transferred a total of 36 assets worth $350 million to various stock exchanges.

Technical Market Outlook:

The BTC/USD pair has made a new swing high at the level of $36,868 as the bulls are in control of the market. The price is again coming off the extremely overbought conditions on the H4 time frame chart, but now there is a clear Bearish Divergence between the price and the momentum on the H4 time-frame chart, so a pull-back is due soon. The intraday technical support is seen at $34,446. The next target for bulls is seen at the level of $37,142. The momentum remains strong and positive, so after the pull-back for the last swing high is done, the up trend shall continue.

This image is no longer relevant

Weekly Pivot Points:

WR3 - $38,618

WR2 - $36,746

WR1 - $35,766

Weekly Pivot - $34,911

WS1 - $33,913

WS2 - $33,059

WS3 - $31,206

Trading Outlook:

The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The next target for bulls is seen at the level of $37,142. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں

تجویز کردہ مضامین

نومبر 14 کو کرپٹو کرنسی مارکیٹ میں تجارت کے لیے سفارشات

بٹ کوائن $100,000 سے نیچے آ گیا ہے، جو کہ تاجروں کے لیے ایک خطرناک اشارہ ہے۔ ایتھریم بھی $3,100 کے ارد گرد تجارت کر رہا ہے، جلد ہی $3,000

Miroslaw Bawulski 18:33 2025-11-14 UTC+2

نومبر 14 نومبر کو کرپٹو مارکیٹ کے لیے تجارتی تجاویز (شمالی امریکی سیشن)

بٹ کوائن پہلے ہی $97,000 سے نیچے آچکا ہے۔ دلچسپ بات یہ ہے کہ ایسا لگتا ہے کہ ان سطحوں پر بھی بہت زیادہ خریدار تیار نہیں ہیں۔ ایتھریم

Miroslaw Bawulski 18:13 2025-11-14 UTC+2

نومبر 13 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

یہ کہ بٹ کوائن کو ایک بار پھر نمایاں فروخت کا سامنا کرنا پڑا ہے، واضح طور پر بڑے امریکی خریداروں اور سپاٹ ای ٹی ایفس کی حمایت سے محروم

Miroslaw Bawulski 13:03 2025-11-13 UTC+2

کرپٹو مارکیٹ اپنی ڈی سنٹرل آئزیشن کھو رہی ہے؟

چونکہ تاجر برتری پر رہتے ہیں — خاص طور پر 42 دن کے حکومتی شٹ ڈاؤن کو ختم کرنے کے لیے امریکی ایوان نمائندگان کی منظوری پر مارکیٹ کے ردعمل

Jakub Novak 18:39 2025-11-12 UTC+2

نومبر 12 کو کرپٹو مارکیٹ کے لیے تجارتی تجاویز (شمالی امریکی سیشن)

ایک حوصلہ شکن سیشن کے بعد جس میں زیادہ تر کریپٹو کرنسیوں کو بھاری نقصان اٹھانا پڑا، بٹ کوائن اور ایتھرئم نے آج کی ٹریڈنگ کے پہلے نصف میں ٹھوس

Miroslaw Bawulski 18:31 2025-11-12 UTC+2

نومبر 12 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

بٹ کوائن کے خریداروں کا جوش تیزی سے ختم ہو گیا ہے۔ گزشتہ ہفتے کے آخر میں کی جانے والی خریداریوں کے بعد، بٹ کوائن اور ایتھریم دونوں

Miroslaw Bawulski 18:07 2025-11-12 UTC+2
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.