An Exciting Time for Bitcoin Traders Looms
The 2nd arc of the 3rd arc pair has stopped bitcoin price for three days now. The arc is being tested again as these words are being typed. The resistance line drawn in pink is also still holding, but continues to be tested several times a day for the past few days. My belief continues to be that the resistance will fail shortly, though there is always the possibility that the arc resistance will hold and force price lower. However, I tend to think that if that were going to happen it would have happened already. Buying strength seems strong. When/if the arc fails, as I expect, as you can....
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Bitcoin has once again failed to surpass the $61,000 price level, leading to a drop to about $59,000, which has raised speculations about its short-term potential. Despite the negative market trends witnessed these past few weeks, several analysts are still bullish about Bitcoin, predicting a notable rally for the digital asset in the upcoming weeks. […]
Phemex has come back with its popular Phemex Trader’s Arena trading competition. The previous 2020 edition of the competition saw traders win over 100 Bitcoin. The fourth edition of the anticipated trading competition promises to be exciting with massive rewards. This time around, Phemex has upped the stakes. The crypto exchange is calling on all traders to participate for a chance to share in the prize pool of $750,000. Traders will battle each other and victorious traders will be rewarded at the end of the competition. Traders can compete in Phemex IV as individual traders or as part of....
The crypto market can be uncertain and unpredictable. Many of the best crypto traders remain profitable by sharing alpha information on potential plays, exciting projects, and relevant data. Fish.Pro is a new revenue-sharing platform, created with the objective of becoming the go-to hub to discover crypto treasure islands. Hidden gems that would otherwise go unnoticed. […]
Coinstetter integrated with Bitstamp which means more liquidity for Coinsetter clients. Exciting news! We have launched our integration of Bitstamp's order book into our #bitcoin ECN platform. Read more: http://t.co/SvJiStyx72. - Coinsetter (@coinsetter) January 8, 2014. From the Coinsetter Blog: "Our team at Coinsetter has made substantial progress building our high performance ECN platform for bitcoin, which is a plug-and-play option for both active traders and Wall Street institutions. We are currently open to a small group of beta users who have been trading on our internal millisecond....
However, this news may indicate the Central Bank of Nigeria wants to mimic what Bitcoin brings to the table. The idea of using cryptocurrency in Africa has a lot of merit. With lower transaction fees and global availability, Bitcoin makes for a strong candidate. In Nigeria, the idea has gained a valuable supporter, as the Central Bank of Nigeria shows an interest in cryptocurrency. An exciting future looms for cryptocurrency in the country, albeit specific details are hard to come by. For the time being, it remains somewhat vague as to what the Central Bank of Nigeria aims to achieve. It....