Register Register

Chinese (Simplified)

July 27, 2022

A Daily Outlook: BTC/USD; July 27, 2022

Top Headlines on Digital Currency:

Bitcoin sharks have been observed accumulating the coin despite its price dip.
Shiba Inu has become a favorite amongst Ethereum whales. Despite the crypto market downturn, SHIB continued to be one of the largest holdings amongst Ethereum whales.
The temperature has been rising for Celsius Network recently. Following the issues related to its bankruptcy, the crypto lending firm has now been charged with a class action lawsuit.
Moonbeam has made the transfer of tokens between Polkadot and Cosmos ecosystems simpler. The cross-chain token swap was made possible through its partnership with Osmosis.
The CEO of the world’s largest crypto exchange Changpeng Zhao seemed to be much concerned about his public image. He has charged Bloomberg’s Chinese subsidiary with a defamation case.
The news of Tesla offloading 75% of its BTC reserves was followed by the one where the company recorded a $170 million impairment charge for the same. This was noted on its balance sheet during the first half of 2022.
Cryptocurrencies were heralded as a ‘good alternative’ to the existing settlement processes. This was observed in a new study conducted by the International Association of Money Transfer Networks (IAMTN).

Technical View:

The BTC trades flat on Wednesday and stabilizes below $22,000 mark.
The pair made intraday high at $21,452 and low at $21,047 mark.
Today a day chart and H1 chart with triple EMA suggest down trend for the time being.
A sustained close above $21,700 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $21,000 on H1 chart requires for the downside rally.

Supports	Resistances
$20,800	$21,700
$20,350	$22,200
$20,000	$22,500
$19,750	$22,900
$19,200	$23,400

Take a look and do trade wisely!
Good Luck

TP Global FX Research Team

With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills

Registered office:

Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines.
+2349127787207

Physical Offices

Nigeria office:
56 Opebi Road by Salvation bus stop (Suit 105, first floor), Ikeja, Lagos, Nigeria

Mail us

Drop mail at: support@tpglobalfx.com

Contact us

Call or Whatsapp +44 7441 416320

Sales Queries

Drop mail at: sales@tpglobalfx.com

Offices

Vanuatu office:
Law Partners House, Kumul Highway, PortVila, Vanuatu

Offices

Head office:
1810, 1811, Prime Tower,
Business Bay, Dubai, UAE

Instrument

Platforms & Tools

Partnership

Company

Others

© 2022 TPG Trader. All right reserved.

Privacy Policy | Terms & Conditions |Product Statement | Client Agreement | AML/KYC | Refund Policy

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. This site is run and operated by – TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines.

TP GLOBAL FX is monitored by VFSC Vanuatu with registration number 40409 and located at Law Partners House, Kumul Highway, PortVila, Vanuatu.

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.