Popular American whistleblower Edward Snowden had some positive comments on Bitcoin (BTC) and the crypto industry in a recent tweet. The former CIA computer intelligence consultant tweeted that: “Sometimes I think back to this and wonder how many people bought #Bitcoin then. It’s up ~10x since, despite a coordinated global campaign by governments to undermine […]
Read moreBitcoin (BTC) miners have recorded a significant increase in their overall income over the last few weeks, as block rewards surge. According to recent data from analytics provider Glassnode, BTC mining revenues climbed above $40 million per day in October, a massive +275% increase from the pre-halving days. BTC mining revenue witnessed a positive turn […]
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USD/JPY is trading in the red at 111.08 at the moment of writing. It has slipped lower only because the DXY and JP225 dropped a little. The currency pair signaled that the corrective phase could be over, so we could search for new long opportunities. Later, the US ISM Services PMI is expected to drop […]
Read moreADA Price Analysis – October 05 A breakout at the resistance level of $2.30 will lead the price to $2.68 in which the upper level of $3.0 may be tested. In case the support level of $1.87 do not hold, pressure from the bears may reduce it towards $1.64 and $1.46 support levels. ADA/USD Market […]
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Key Resistance: 1.3620 – 1.3660 – 1.3700 Key Support: 1.3580 Yesterday on my live show I talked about the massive key level the Pound is trading on against the US Dollar. Let’s talk first about the short to mid term structure in this market. From mid September highs the GBP has depreciated 3.6% against the […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD has been in a downward move. The currency pair has reached bearish exhaustion as it fell to the low of level 1.3500. On September 29, the pair broke below 1.3500 support and pulled back. Buyers are attempting to resume […]
Read moreKey Resistance Zones: 15000, 15500, 16000Key Support Zones: 13500, 13000, 12500 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 index has been in a downward move after reaching a peak price of level 15711. The market has declined to the bearish trend zone as bears broke below the moving averages. The selling pressure has been accelerated as […]
Read moreThe US dollar surrendered back some of its recent gains as US stock markets ended Friday on a good tone, supported by Merck’s oral Covid-19 therapy, which raised optimism of a lift in economic growth. US rates also dipped marginally on Friday, further hurting the US currency as calmer tensions reduced the haven bid. To […]
Read moreEURUSD Price Analysis – October 4 Following last week’s severe decline to lows at 1.1562, the pair rallies for the second straight session and reclaims the moving average 5 areas near 1.1640. The single currency returns towards its upside zone and brings the EURUSD pair back above the 1.1600 area at the start of the […]
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