How to use Fibonacci retracement to trade cryptocurrencies
Trying to time the breakout of every support and resistance level or chart pattern can be frustrating at times while trading. There are many other trading techniques available, but in this article, I’ll show you how to use the Fibonacci retracement, one powerful tool, and how to include it in your trading approach. What is […]
How to make money from crypto day trading explained
Crypto day trading is one of the ways to make money off cryptocurrencies provided some factors and strategies are considered and put in place. There are a few steps to getting started with crypto day trading and as well as making money from it, these include finding a trading platform, selecting a trading strategy and […]
Bakkt lost more than 6% on its first day of public trading
In its first day of trading in the open market, the price of Bakkt (BKKT) fell by more than 6 percent. When Bakkt (BKKT), an institutional and retail-facing digital asset platform established by the Intercontinental Exchange, closed its tumultuous first day of trading as a publicly traded business, the stock experienced a -6.4 percent drop […]
Supply shock valuation model shows Bitcoin could cost at least $55k
According to one criterion used to measure Bitcoin’s so-called “supply shock,” each coin should be worth at least $55,000. Willy Woo, a cryptocurrency analyst, highlighted what he described as a “conservative” pricing prediction for bitcoin to US dollar in a tweet on September 5. As measures catch up with bitcoin, the price of bitcoin falls. […]
Fidelity Investments merges with Regulators to Bring Crypto Assets mainstream
According to the president of Constancy Digital Property, Constancy Investments’ cryptocurrency subsidiary, crypto is “its personal distinctive asset class.” “We and others are very engaged with regulators … to carry this asset class into the mainstream.” he stated. Digital Property with Consistency President Tom Jessop discussed cryptocurrency’s future in an interview with Yahoo Finance on […]