Bitcoin (BTC) has been firmly planted within the $3,000 region for the past several months and has failed to reach any price point that allows it to experience a sustainable price surge fueled by increased buying pressure. Although in the short-term Bitcoin appears to be stable in the upper $3,000 region, one widely used technical indicator is now signaling that […]Read more
This tool is best suited for cryptocurrency traders given the random price changes in the crypto market. The Fibonacci number sequence produces a ratio of 61.8% referred to as the Golden Mean. Experts reveal that the Fibonacci sequence is commonly found in the geometry of nature such as animal skin, DNA Structure and in the spiral shells of seashells. The […]Read more
Moving Average Convergence/Diversion (MACD) Indicator MACD is used to identify the over trend of an asset and most notably the momentum and Bearish Divergence creates a selling opportunity while Bullish Divergence creates a buying opportunity trend duration. MACD is very informative due to the reason that it makes use of two indicators. First, MACD employs two Moving Averages of varying […]Read more
Yale University invests in cryptocurrency fund: An indicator for the beginning of institutional involvement?
On 5th October, Yale University, the high-end Ivy league school was reported to have made a huge investment in a cryptocurrency fund called Paradigm. The fund was started by Fred Eshram, the Co-founder of the biggest cryptocurrency exchange Coinbase and Matt Huang, the former partner at Sequoia Capital. The fund is reported to have raised about $400 million with the […]Read more
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In the midst of a mini Bitcoin revival, another technical indicator is promising a significant increase on the horizon. The top-ranked cryptocurrency has endured a difficult 2018 losing more than 60 percent of its value since the start of the year. An End to Bitcoin Selloffs and the Start of the Bull Run According to the Divergence Analysis (DVAN) Buying […]Read more
The Commerce Department’s measure of business production saw no gains in March. The key technical indicator was expected to gain 0.1 percent in March, a survey of Reuters economists forecast. U.S. business inventories rose 0.6 percent in February. U.S. business inventories saw no improvement in March, falling short of economists’ predictions. The Commerce Department’s measure of business production remained flat […]Read more