Archiv für August 2020
Analysts Expect Ethereum to Hit $500 Despite Tapping Massive Resistance
Ethereum has been flashing signs of immense strength throughout the past few days The cryptocurrency is now pushing towards its yearly highs as its bulls come out in full force This has allowed ETH to rally up to $437, with buyers now aiming at it setting fresh highs of over $440 in the near-term That…
WeiterlesenBitcoin May Post Its 2nd Highest Two-Month Close in History as Bulls Take Control
Bitcoin has been able to avoid seeing any type of intense bearishness today, as the cryptocurrency is now trading near $11,800 Although it has yet to test its key $12,000 resistance, it does appear that buyers are laying the groundwork for a visit to this level One trader is observing that some technical factors are…
WeiterlesenWhat a Rebounding Dollar Could Mean for Bitcoin and Altcoins
Both Bitcoin and altcoins have enjoyed a near-perfect environment for them to thrive, all based on the dollar’s weakness and decline. It has allowed these digitally scarce assets to rise significantly in 2020. However, a rare signal suggesting that the dollar will soon reverse could put an end to the recent crypto bull rally. Here’s…
WeiterlesenHow to earn a second income on eToro
The social trading platform eToro has now made it possible to earn a second income with their Popular Investor program. It all has to do with their CopyTrader™ feature, which allows users to allocate funds to other traders’ investment moves — essentially, copying them. So, if you don’t feel like a confident crypto trader, but…
WeiterlesenThis Historically Accurate Signal Predicts Ethereum’s Rally Will Pause
Ethereum has seen a strong macro rally over the past two months, rallying from $240 to $420 as of this article’s writing. ETH traded higher, as high as $440 just two weeks ago. The Tom Demark Sequential predicts that ETH’s rally will pause for a number of weeks, and maybe reverse lower. This assertion comes…
WeiterlesenBitcoin Expects to Hit $14K on Imminent US Dollar ‚Death Cross‘
Bitcoin bulls should buckle up as the cryptocurrency prepares for a rally towards its 2019 high at near $14,000. The expectations of a $2,000-plus jump come as Bitcoin maintains an inverse correlation with the US dollar since March 2020. Back then, the greenback spiked when the COVID-19 pandemic first struck the financial markets, as investors…
WeiterlesenAnalyst Expects Bitcoin to Dump Towards $10.5K or Lower
An overnight jump in the Bitcoin price Sunday may not put the asset en route to higher levels this week. That is because of a lower weekly open, says a pseudonymous Twitterati. The analyst notified his followers about an early morning Bitcoin move on Monday – a sell-off that pushed the cryptocurrency lower from its…
WeiterlesenThe Market Is „Too Sober“ For Bitcoin to Top At Current $11,500 Level
Analysts think that the Bitcoin market is “too sober” to top at current price levels. BTC trades at $11,600 as of this article’s writing, perpetuating the consolidation it has been in for the past three weeks. Why Bitcoin Is Unlikely to Top Here One cryptocurrency trader thinks that it’s unlikely that Bitcoin is forming a…
WeiterlesenInstitutions Just Closed a Vast Majority of Their Bitcoin Short Positions
Bitcoin is pushing higher after bottoming at $11,150 last week. The asset now trades for $11,650 as of this article’s writing. BTC is trading above a pivotal support level as we come into the weekly candle close, which bodes well for bulls. Institutions are responding to the price action by closing their shorts they opened…
WeiterlesenEthereum to Post Bullish Weekly Close; Will This Invalidate Its Weakness?
Ethereum has expressed some signs of immense strength today, with its buyers catalyzing a sharp upwards movement that has allowed it to surge towards $420 The cryptocurrency’s momentum is leading it into its daily and weekly candle close with a strong market structure Analysts believe that this will be enough to help propel the crypto…
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