Trend Trading, however is different than scalping due to the time horizon of the trade as trend following trades will take a week while scalping is done on a daily or intraday basis. The average return on days where the price increased is 0.4388% The average return on days where the price decreased is -0.4135% […]
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Bitcoin price bounces off the lower trend line of the ascending parallel channel, which is formed after drawing trendlines above and below three sets of higher highs and higher lows. Doing so, will allow it to retest the 50-day SMA at $41,921, which coincides with the daily supply zone, extending from $43,981 to $41,921. The […]
The Federal Open Market Committee’s meeting on Wednesday could result in an interest rate hike by 50 basis points. Bitcoin’s relatively high correlation with tech stocks means BTC too could face selling pressure as investors pull out of the asset. Crypto analysts at Rekt Capital believe the 200-day exponential moving average is a reliable indicator […]
Roger Ver, a leading crypto analyst is popular in the crypto community as “Bitcoin Jesus.” The analyst recently returned to social media after a break and shared his thoughts on Dogecoin. Ver argues that if regular people use custodial wallets, Bitcoin will have lost the one key property, privacy, that made it revolutionary. This would […]
Rising institutional demand, a spike in the number of whales on the Bitcoin network and massive BTC outflow across exchanges like Coinbase Pro are the three key reasons fueling the current bull run. Coinbase Pro, one of the largest crypto exchanges, has shifted a large volume of Bitcoin, a total of 30,000 in a single […]
Due to the 50-day and 100-day Simple Moving Averages inside this confluence, an upswing is a high probability outcome. If the buying pressure is strong enough to overcome this significant barrier, there is a good chance Bitcoin price will eye a retest of the $50,000 psychological level. While the fundamentals for Bitcoin price show a […]
Francis Suarez, the Mayor of Miami, believes cryptocurrency has propelled the city into a technology hub. Analysts believe Bitcoin price trend continues to remain overwhelmingly bullish despite remaining largely unchanged over the first quarter of 2022. Historically, Bitcoin price breaks out in April every year, starting a rally that extends into June and July. Markets […]
Ethereum and Ripple are both facing crucial hurdles, the clearing of which will allow them to move higher. Investors can expect BTC to make a run at the $50,000 psychological level as it breaks from the ongoing consolidation. While things are looking up for Bitcoin price, a daily candlestick close below $44,580 will invalidate the […]
It was another bearish session for the cannabis industry which simply cannot seem to gain any momentum despite the passing of the MORE Act vote in the House during Friday’s session. Tilray is set to report its quarterly earnings on Wednesday, and Wall Street will be looking for a rise in international expansion and revenues. […]
Currently, most mandatory carbon pricing schemes, like the EU Emissions Trading System, apply to the power sector and manufacturing. But many companies are not part of mandatory carbon pricing schemes, like retailers, wholesalers, contractors, carriers, farmers. That’s precisely where offsetting schemes could play a role in achieving a company’s voluntary climate objective: neutralising residual emissions […]
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TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering […]
Cryptocurrency analysts at the YouTube channel “Invest & Trade with Jaxx” have predicted that MATIC price could hit a new all-time high. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not otherwise […]
Analysts expect higher volatility in Bitcoin prices ahead of two key events. Important updates in the Ethereum-killer’s networks drove prices higher, and analysts expected a spike in volatility, which held down BTC price. The VanEck ETF approval is likely to trigger a rally in Bitcoin price since the approval of the ProShares ETF sent the […]
So Bitwise will continue to pursue that goal, and we will look for other ways to help investors get access to the incredible opportunities in crypto. The Securities and Exchange Commission’s decision is less than 100 hours away, and rejection or acceptance is likely to have an impact on BTC price. Markets and instruments profiled […]
Decentralized finance has resumed its growth recently as the cryptocurrency market proceeded with rallies in the past few weeks, with total value locked reaching an all-time high at $267 billion. Protocols that support the DeFi ecosystem, including Ethereum, Solana and Avalanche, have also seen a considerable climb in their prices. Daily transactions have also soared on the […]
BABA price action in recent weeks has shown a series of lower highers and lower lows, which seems to confirm that Alibaba stock is still in a downtrend. Ahead of fiscal Q2 results scheduled for November 18, Wall Street consensus has Alibaba reporting earnings per share of $1.95 – 28% lower than the year prior […]
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned […]
Gold spent the majority of the previous week moving sideways in a tight range above $1,800 but managed to gain traction following the disappointing August jobs report from the US on Friday. In the absence of significant fundamental drivers, gold’s action seems to be a technical correction of last Friday’s upsurge. In case Wall Street’s […]
Gold remains on the defensive for the second successive session on Tuesday as XAU/USD’s post-NFP move-up has faltered near the $1,832-34 hurdle. “The recent strong rebound from multi-month lows faltered near the $1,832-34 strong resistance zone. Markets and instruments profiled on this page are for informational purposes only and should not in any way come […]