Bitcoin

Searching BTC data back to 2015, and filtering for RSI levels between 49 and 50 shows 61 occurrences with an average gain of 2.2%, 30 days after the fact. For ETH, filtering for RSI levels between 47 and 49, showed 43 occurrences since 2017, with an average 30-day gain of 6.7%. Source link

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Ah, what a perfect way to end a year of fraud, deception and disappointment. Earlier this week, on-chain sleuths noticed that more than 100 BTC were on the move from wallets that were controlled by and theoretically only accessible to former QuadrigaCX CEO Gerald Cotten. The problem? Cotten was supposed to have died in December of 2018. Source link

“The probability of a recession is high,” crypto trader Thomas Kralow previously said in an emailed comment. “People lose their jobs, the Fed pivots too late and we will see the same situation that played out back in 2008. When the Fed pivoted there was a relief rally for S&P 500, but as the interest rates finally started going down the market crashed another 40%.” Source link

Crypto analyst Nicholas Merten is warning that Bitcoin (BTC) is inches away from a “breaking point” which could cause a major capitulation event. In a new video update, Merten tells his 511,000 YouTube subscribers that what has historically been a “buy-the-dip” support level for Bitcoin is now disintegrating. “The fact that we are well suspended and not even coming up to retest those 200-days (moving average), as well as the 200-week [moving average], is a big worrying… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

As the year comes to an end, investors will be keenly watching for a Santa Claus rally on Wall Street as many believe that if the rally does not happen, the next year may either remain flat or turn negative.  Jurrien Timmer, director of global macro at asset management giant Fidelity Investments, tweeted on Dec. 19 that the United States equities markets may remain “sideways” and choppy in 2023. He expects “one or more retests of the 2022 low, but not necessarily much worse than… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

In a submission to the authority, the exchange pointed out that the ad was no longer live and that it promoted the trading platform, not a specific NFT. Therefore, it said, “it would be unreasonable to request that the specific ad include limitations or qualifications regarding the risk of investing in NFTs,” according to the ASA’s statement. Further, the ad referred to only to buying NFTs, which are fee free, and so “the need to mention fees in the ad was not relevant and any qualification… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link