Bitcoin Trading Into The Blue Corner
Bitcoin trading finds itself in crushing indecision, once again, as the looming macro-economic crisis confounds both bulls and bears. Its not so much about what the Fed will say on December 16, but about what exactly rising rates and a US dollar rally means for bitcoin. Or could this be the onset of the XT co-option blues? This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h15 UTC. BTCC 1-Hour Chart. From the analysis pages of....
Related News
Let the games begin! The battle of the billionaire CEOs has a time and a place. In the blue corner, the Bitcoin maximalist, Jack Dorsey, Square and Twitter’s CEO. In the red corner, Bitcoin critic and Doge promoter, Elon Musk, Tesla and Space X’s CEO. They promise to have “THE talk,” as part of “The […]
The difference in the official and unofficial rate for Argentinian pesos is now so pronounced that at least one bitcoin exchange has acknowledged it. Localbitcoins.com has decided to publish a 'blue dollar' exchange rate for the currency. The escrow-based decentralised bitcoin exchange service has produced a symbol for the blue dollar rate called XAR, and is using it to calculate bitcoin exchange rates. The black market rate in Argentina is a result of rocketing inflation, and tension over a possible default. This has led Argentinians to hoard dollars, while the authorities have imposed....
As this article is my debut article here at cryptocoinsnews.com, I will endeavour to explain the tool I rely on more than any other when trading Bitcoin, forex or commodities. It is called the Gann Square. Unfortunately, like most of William Gann's remarkable discoveries, the Square is overlooked, misunderstood and largely unknown to the trading public at large. In this first article, we will look at the Bitcoin weekly chart, that we may get a long term overview of the Bitcoin market. At the same time, we will also get a rough idea of how the square works to help us locate support,....
DeFi investors are reeling from another case of pseudonymous treachery as Yearn.Finance community leader Blue Kirby allegedly absconded with ill-gotten gains.
Crypto has been on a downward slope the past couple of weeks – and NFT is going the same direction with the decline in dollar value. TerraUSD and LUNA both dipped in value registering a tremendous loss of 99%. With UST (pegged with US dollar) now trading at $0.13, LUNA has managed to move to $0.0000914 on Friday afternoon, making the coin nearly worthless. Consequently, NFTs that are tied with Terra has shown decline in trading activity. Suggested Reading | LUNA Not Alone In Crimson: APE, AVAX, SOL, SHIB All Lose 20% In Crypto Crash Ethereum Loses Shine On the other hand, Ethereum....