Tag: Bitcoin (BITSTAMPUSD)

Major Cryptos Enter Bullish Mode

Posted on by Aibek Burabayev

Bitcoin

The price of Bitcoin has built two large legs down that perfectly fit the slightly up-sloping trend channel (orange). It means these legs are equal in size. It is a good sign as we could consider the large consolidation as completed then.

Since January 24, 2022, the sharp move up advanced rapidly to hit the new high of $46k last month, breaking above the earlier minor top established on January 13, 2022, at $44.5k. However, despite such good progress, that move could be just a “dead cat bounce.” Later last month, the strong collapse almost proved that. However, it turned out to be a deep retracement as there was no new low. Continue reading "Major Cryptos Enter Bullish Mode" →

Stock Market Fights Off Volatility

Posted on by The INO.com Team

Stocks soared on Friday, culminating with the DOW having its best day of trading since November 2020, but was this bounce back at the end of a volatile week and end to the wild ride, or is there more pain on the horizon?

On a daily level, the DOW added 834.92 points or +2.51%, closing at 34,058.75. The S&P 500 gained +2.24% at 4,384.65, and the NASDAQ rose +1.64% to end the day and week at 13,694.62.

However, the +800 point move by the DOW was not enough to push the index into positive territory for the week, with it losing -0.06%. On the flip side, the S&P 500 and the NASDAQ finished the week +0.82% and +1.08% higher. Continue reading "Stock Market Fights Off Volatility" →

Crypto Regulation Takes A Much-Needed Step

Posted on by Wayne Burritt

As I told you back in October, one of the best ways to make sure that blockchain and cryptocurrency continue to mature as assets is for moderate and sensible regulation to take place. And I stand by what I said back then:

"Right now, it's still the Wild West when it comes to crypto regulation. Rules are uncertain, murky, and poorly constructed. And while that lack of regulation may appeal to the egalitarian spirit of crypto, it scares investors. And when they're scared, they'll likely put their money in other asset classes. And that's bad for the whole sector."

But I wasn't alone in my call for regulation. Later that same month, I talked about the nitty-gritty behind the bombshell crypto report from financial behemoth Bank of America. And if you dig into the report, you can see that they feel like regulation is a good thing as well:

"Regulatory uncertainty is the largest near-term risk in our view, but regulation may drive increased investor participation over the long term once the 'rules of the road' for digital assets are established."

While there has been lots of talk about doing something from a regulatory standpoint, it looks like regulators are finally putting their money where their mouths are.

Here's what I mean. Continue reading "Crypto Regulation Takes A Much-Needed Step" →

Is This A Warning Sign For The Market?

Posted on by The INO.com Team

A couple of weeks ago, I said that "nothing good happens below the 200-Day MA" and that statement seems to hold up well, especially when it comes to the NASDAQ. However, from a technical standpoint, the NASDAQ may be sounding the alarm for a bigger move lower for the stock market as the 50-day MA is about to cross below the 200-day MA, and we all know what that means. That's right, a "Death Cross"!

If you're new to trading, technical trading, or just need a refresher. The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages. While it doesn't always hold true, it could be an early indicator of further pain ahead.

The DOW shed 232.85 points, or -0.768%, at 34,079.18. The S&P 500 lost -0.72% to close at 4,348.87, and the NASDAQ retreated -1.23% to end the day at 13,548.07. Continue reading "Is This A Warning Sign For The Market?" →

Lessons From BTC Price Action

Posted on by Wayne Burritt

If you hang around the markets long enough, you learn a couple of lessons about how they behave really fast. And this holds for BTC:

    1. The first lesson is that things work out like you thought they would.
    2. The second lesson is that things don't work out like you thought they would.
    3. And the third lesson is that things work out like you thought they would, but not when you thought they would.

So, when I took a look at what was happening from a technical standpoint to Bitcoin (BTC) over the past couple of weeks, I have to admit that lesson 3 was in full swing.

Here's what I mean. Continue reading "Lessons From BTC Price Action" →