JUN
14
0

BTC/USD tumble to new 2018 lows, but billionaire and Bitcoin Bull Tim Draper talks of $250,000 per BTC by 2022

price free fall seems to have engaged a stronger gear. The king of the digital assets is now trading marginally above $6,430, but there is a dominant selling pressure in the market. A close look at the 4-hour timeframe chart, we can see that Bitcoin price after trading above $9,500 at the beginning of May, has not been able to break out of the descending channel. Several support areas are highlighted along the way, but all have given in to the long-term bear pressure.On the contrary, it is not all gloomy in the market, as an interview conducted by The Street with the Bitcoin Bull and Billionaire Tim Draper revealed the thoughts of the mogul about the future of Bitcoin along with other virtual currencies. He began by shedding light on the status of regulations in the space saying that currently states governments are in competition to draw the attention of companies concentrating on blockchain infrastructure. He said that to do so they must come up with “very clear and light-touch regulations for crypto.” Draper said that Bitcoin is, in fact, is the most secure crypto and made his predictions on the price:Technically, Bitcoin price is down 1.62% on the day while the trend is highly bearish. The indicators on the chart show continued selling pressure in the near-term. For instance, the 50 SMA is below the 100 SMA to show that the past of least resistance is to the downside. The Stochastic on the 4-hour chart is in the oversold levels while the MACD is at -234 mark. BTC/USD is supported weakly at $6,430, but $6,400 is well within reach. The gains have been limited below $6,500 on the day while the key resistance zone is at $6,750Start Trading Forex with just $10 minimum deposit with Tenkofx Broker
0
MAY
26
0

Bitcoin price analysis: Breaks down of important support, but all's not lost yet

Singapore c-bank MAS turns up heat on ICOs.. King of cryptocurrencies, Bitcoin is trading in the red on the short term charts after breaking down of a critical support earlier in the week and is trading just below it. A bounce and some positive trigger is all that the bulls need to gain traction.BTC/USD is down about 0.5 percent at $7,423 and not far off from day's low of $7,375.39 hit earlier in the day.Read More: https://tenkofx.com/en/analytics/forex_news/forex/Bitcoin_price_analysis_Breaks_down_of_important_support_but_alls_not_lost_yet_Singapore_cbank_MAS_turns_up_heat_on_ICOsManoj_B_Rawal/
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APR
24
0

Are you trading with an honest broker

  There are many people are trading in Forex and the brokers play an important role in their career. You will find that most of the people do not know if their broker is honest. If your broker is not good you will have a hard time in making a profit in Forex. These brokers have linkage with the market and they know best when it is the best tim...
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0
APR
23
0

Forex Forecast and Cryptocurrencies Forecast for April 23 - 27, 2018

First, a review of last week's forecast: The pair EUR/USD continues to keep in the zone of the 2018 mid-term side channel 1.2200-1.2525, more precisely, in its central part, gradually reducing volatility in comparison with the beginning of this year. Last week, the experts called the horizon 1.2215 as the nearest level of support for it, as for res...
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0
APR
16
0

How to choose a Forex trading strategy

Since the introduction of the Internet, information has become more accessible to the free world and with access to all this information that otherwise be unseen, there have been ways to utilize this information in order to make a profit. As time went out, technology had improved dramatically and allowed for more advanced platforms for people to use, and one of these platforms is a trading platform.

Before the technology boom, trading was only available to the select group of elites that had a good education and good connections to be able to enter into this world of finance.

However that has all changed now with people from all over the world having access to a plethora of different trading platforms and technology to help them succeed in this industry. Furthermore, trading is still a career path for only a select group of people that have the discipline and intellect to be able to take advantage of these financial markets.

The question on a lot of people’s minds when they first encounter forex trading is “how do I get started?” or “how do I choose an effective strategy?” Selecting an effective strategy is one of the most important aspects of a trader’s career, and it requires a lot of time, focus and research to be able to be to iron out the details and get rid of redundant aspects of your strategy. In order to choose a forex trading strategy, you first need to discover what type of trader you are.

Discovering what type of trader you are can make all the difference when trying to trade on the financial markets, because they can just as easily make you profitable, but just as easily turn against you and take away all your profit. Not all strategies work in the same way, with some only working on higher time frames and some only working with certain types of analysis. Part of working out what trader you are comes with figuring out whether you are a scalp, swing or position trader.

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0
APR
15
0

Forex Forecast and Cryptocurrencies Forecast for April 16 - 20, 2018

For starters, a few words about the forecast for the previous week, which turned out to be absolutely true for many major and cryptocurrency pairs: EUR/USD. According to the graphical analysis, the pair was supposed to consolidate in the Pivot Point zone of the medium-term side channel in 2018. The level of 1.2215 was indicated as the lower limit, ...
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0
MAR
26
0

Forex Forecast and Cryptocurrencies Forecast for March 26 - 30, 2018

  First, a review of last week's forecast: EUR/USD has been in a sideways trend for the whole of March, with a slight predominance of bearish trends. This is exactly the kind of movement that was forecasted last week. Pressed by the bears, the pair tried to reach support at 1.2200, but failed even this, and fixed the local bottom at 1.2239. Af...
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0
MAR
18
0

Forex and Cryptocurrencies Forecast for 19-23 March, 2018

First, a few words about the forecast for the previous week, which proved fully correct for cryptocurrencies: - EUR/USD. When giving forecast for this pair, a large number of analysts claimed that the pair would continue to stay in the 1.2150-1.2550 side channel which it has been moving in since mid-January. It ended up doing just that, albeit with...
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0
MAR
12
0

Forex Forecast and Cryptocurrencies Forecast for 12-16 March 2018

First, a review of last week's forecast: - EUR/USD. Most experts (60%) had expected the growth of the euro first to 1.2400, and then even higher to the highs of past January-February at 1.2500-1.2555. In the first half of the week, the pair did go up, but the bulls' efforts were enough to raise it only to 1.2445, after which the bears played back a...
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0
MAR
04
0

Forex Forecast and Cryptocurrencies Forecast for 05 – 09 March, 2018

First, a review of last week's forecast: - EUR/USD. Recall that almost 70% of experts, supported by an overwhelming majority of indicators, expected the pair to continue falling, naming the vicinity of 1.2165 as one of the targets. They were right - on 1 March, the pair found a local bottom at 1.2155. But then, thanks to the statements of the new F...
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