Price analysis 10 21 SPX DXY BTC ETH BNB XRP ADA SOL DOGE MATIC HEAD TOPICS

Price analysis 10 21 SPX DXY BTC ETH BNB XRP ADA SOL DOGE MATIC

10/21/2022 10:22:00 PM

The stock market is up but so is the DXY Can BTC and alts rise above the fray

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Cointelegraph

The stock market is up but so is the DXY Can BTC and alts rise above the fray Buyers have defended the immediate support levels in S&P 500 and Bitcoin, but they may face stiff resistance from the bears at higher levels. in October to its highest since the first quarter of 2020, according to Bloomberg Intelligence senior commodity strategist Mike McGlone. The previous instance of the huge discount was followed by a massive rally that lasted till 2021. McGlone believes the same could happen again this time and Bitcoin may outperform most major assets. Let’s study the charts of the S&P 500 index (SPX), the U.S. dollar index (DXY) and the major cryptocurrencies to spot any reversals.SPXThe S&P 500 index rose above the 20-day exponential moving average (EMA) ($3,702) on Oct. 18 but the bulls could not build upon this strength and challenge the downtrend line. This suggests that the bears have not given up and are active at higher levels. Read more:
Cointelegraph » Bitcoin May Gain Upper Hand Vs S&P 500 and Surge: Bloomberg’s Mike McGlone LA Opera Hosts 500 Students for Dress Rehearsal of ‘Omar' S&P 500 Index: Break above 3810/40 to open up September high of 4120 – SocGen Bitcoin’s Volatility Drops Below That of S&P500 Index

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The pop star revisits her best—and boldest—outfits over her career. Read more >> Bitcoin May Gain Upper Hand Vs S&P 500 and Surge: Bloomberg’s Mike McGloneBitcoin staying at $19,000 may be an indication of an enduring bull market, Bloomberg’s chief strategist believes LA Opera Hosts 500 Students for Dress Rehearsal of ‘Omar'A group of 500 high school students were invited to the LA Opera on Thursday to attend the west coast premiere and final dress rehearsal of “Omar”, the LA Opera’s first mainstage opera by Black composers. S&P 500 Index: Break above 3810/40 to open up September high of 4120 – SocGenS&P 500 has staged a sharp rebound. The index could extend its move higher on a break above the 3810/40 area, economists at Société Générale report. D Bitcoin’s Volatility Drops Below That of S&P500 IndexVolatility used to be one of the most defining characteristics of the largest cryptocurrency, but it is not the case anymore Tesla Semi's 500-Mile Range Is Calculated With Cargo, Says MuskThe Tesla Semi aims to transition the trucking industry, but it has to have enough range and fast-charging capacity for it to make sense in many use cases. Game changer The world’s most credulous twitter account Are those boxes empty or contain cargo? S&P 500 Futures pare weekly gains as yields dribble around multi-year highTraders cheer the Friday mood as an absence of major data/events joins mixed catalysts to keep them off the table during the last day of the week. Eve anilpanchal7 BS.. fake rally not sustainable. Cash is King! Bitcoin’s discount relative to its hash rate in October to its highest since the first quarter of 2020, according to Bloomberg Intelligence senior commodity strategist Mike McGlone.October 20, 2022 The screenshot from a recent Bloomberg report posted with the tweet, says that S&P 500 has dropped around 20 percent this month so far.Updated 2 mins ago NBC Universal, Inc.S&P 500 has staged a sharp rebound. The previous instance of the huge discount was followed by a massive rally that lasted till 2021. McGlone believes the same could happen again this time and Bitcoin may outperform most major assets. According to the report, a further fall of the S&P 500 price may stop further tightening policy of the Fed Reserve. Let’s study the charts of the S&P 500 index (SPX), the U.  According to the LA Opera, the night was held in spirit of their mission statement"To serve the public by producing world-class opera that preserves, promotes and advances the art form while embodying the diversity, pioneering spirit and artistic sensibility unique to Los Angeles.S. Ads FTX US Bans Tokens That May Be Defined As Securities From Listing: Details Besides that, in an earlier tweet today, McGlone reminded the community that Bitcoin’s finite and diminishing supply is a key factor for its price to “continue to rise over time”. dollar index (DXY) and the major cryptocurrencies to spot any reversals.”   Information on these pages contains forward-looking statements that involve risks and uncertainties. SPX The S&P 500 index rose above the 20-day exponential moving average (EMA) ($3,702) on Oct. Get the NBC LA app for. 18 but the bulls could not build upon this strength and challenge the downtrend line. This suggests that the bears have not given up and are active at higher levels. SPX daily chart. Source: TradingView The 20-day EMA is trying to flatten out and the relative strength index is above 46, suggesting a possible range-bound action in the near term. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Buyers are likely to defend the zone between $3,568 and $3,491 while the bears will try to stall the recovery in the $3,762 to $3,800 zone. If the price turns up and breaks above $3,800, it will break the lower lows and lower highs pattern. The index could then rise to the 50-day simple moving average (SMA) ($3,885). The bears will regain their hold if they manage to sink the price below $3,491. That could start the next leg of the down move to $3,325. The author has not received compensation for writing this article, other than from FXStreet. DXY The U.S. dollar index remains in a strong uptrend as the bulls are not allowing the price to break below the 20-day EMA (112). DXY daily chart. Source: TradingView The bulls will have to propel the price above the $113. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. 92 to $114.77 zone to resume the uptrend. Buyers tried to do that on Oct. 21 but the long wick on the day’s candlestick shows that bears are aggressively defending the overhead zone. The sellers will attempt to gain the upper hand in the near term by pulling the price below the 20-day EMA. If they succeed, the index could sink to $110. Buyers are likely to defend this level and a bounce off it could keep the index range-bound between $110 and $114.77 for some time. On the downside, a break and close below the uptrend line could point to a trend change. Alternatively, a rally above $114. 77 could indicate the start of the next leg of the uptrend to $117.14. BTC/USDT Bitcoin bounced off the nearest support at $18,843 on Oct. 20 but the bulls could not overcome the obstacle at the 20-day EMA ($19,318). This suggests that the bears want to further cement their hold. BTC/USDT daily chart. Source: TradingView If the price slips and sustains below $18,843, the BTC/USDT pair could drop to $18,125. The bulls are expected to defend the zone between $18,125 and $17,622 vigorously because if they fail to do that, the pair could resume its downtrend. The next stop on the downside could be $15,750. The long tail on the Oct. 21 candlestick shows that buyers purchased the dip below $18,843. They will try to propel the price above the moving averages. A break above the 50-day SMA ($19,616) could clear the path for a possible rally to $20,500. This is an important level to keep an eye on because a break above it could signal the start of a strong recovery to $22,800 and then $25,211. ETH/USDT .