Bitcoin price tried to break the all-time high but couldn’t manage to do it on all exchanges just yet. The current price action looks very similar to previous Bitcoin rallies. On December 1, Bitcoin attempted to crack the previous all-time high but only managed to do so on a few exchanges. The current price action resembles what happened back in 2017 when Bitcoin...
Brexit talks have brought back uncertainty in the markets after positive vax news in the month of November managed to remove a big part of the coronavirus drag. If price holds above this short-term support, we could see consolidation coming into play, shifting price sideways as investors await for the next catalyst to offer some direction. The 1H chart is...
Monero is building up a nice bullish outlook that has seen its price jump significantly the past weeks. The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.
Holding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80. Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly...
GBPJPY needs to break key resistance for a significant move higher. Retesting the monthly high 140.61 seems unlikely unless GBPJPY can gather some strength at the breakout level.
FX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase. “We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042...
As bitcoin’s price has soared to new all-time highs and a parade of big-name investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller have talked up its prospects as a provably scarce store-of-value, a war of words has sprung up between gold bugs and bitcoin fans. GOLD VS BITCOIN It’s durable. Gold can’t be...
We will start to see temperatures drop thereby driving up demand. The chart set up is a day trade. This is a cyclical nature of Natural Gas means that this seasonal set up should last until about the middle of January, where we would see the market start to focus on spring contracts.
The LINK market cap currently stands at US$4.22 billion, based on a 387 million circulating token supply, with US$770 million in trade volume over the past 24 hours. The spot price has continued to hit new all-times throughout 2020. Among the current top 20 coins by market cap, LINK was the best performer in the USD markets during 2019. Technicals for the...
GBP/USD has been struggling amid rising coronavirus cases. The UK government refuses to impose a national lockdown, but fears are they would have no choice. EU/UK negotiators made progress this week toward resolving some a big disagreements in Brexit talks raising hopes for a deal by early November. “A deal by mid November, approved by a special EC Summit,...
The September 1 drop to 1.2994, the first time the USD/CAD had been below 1.3000 since January 8 is beginning to look like the post-pandemic bottom. The brief foray, the lack of subsequent attempts and the firm support at 1.3040 argue that the USD/CAD has exhausted its downward momentum. Global market sentiment improved during the week, adding to the lmarkets...
Bitcoin has been pushed into the limelight in recent weeks by a number of high-profile companies investing in the cryptocurrency. Including Square's news it had bought 4,709 bitcoin for $50 million. Bitcoin price has continued to rally ahead of US stimulus bill. The bitcoin price has soared through 2020, climbing over 60% since January, however, the flood of...
While there are a lot of experienced traders on Trading view, yesterday I realised that there are still very new traders. A Tradingview user contacted me to ask such a simple question that took him a week to find the answer to...... What does long and short mean? The Basics Long Position Holding a long position means you are buying the instrument (stock,...