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Trade Zone Week Ahead with David Floyd (Aspen Trading): 21st – 25th February - 21.02.2022

Trade Zone Week Ahead with David Floyd (Aspen Trading): 21st – 25th February - 21.02.2022

8 eightcap 8 eightcap 21.02.2022 08:36
We begin to wrap up David Floyd’s coverage of the Eightcap Trade Zone this February, as he tackles this week’s trading week ahead and notes the levels we should be taking note of as markets open today. If you trade the S&P500, or have an interest in Forex pairs you won’t want to miss his latest insight! David Floyd is the Founder of Aspen Trading Group. He started his career in the trading industry in 1993. His focus eventually shifted to equities and spent the next years trading on a proprietary equities desk. In 2002, Floyd started Aspen Trading and has grown from a pure prop trading firm into becoming the leading provider of expert FX research and analytics worldwide. With over two decades of expertise in global fundamentals and technical analysis, Floyd has been profiled in RealVision TV, CNBC, and Bloomberg. Important Data Releases & Events this Week Monday EUR Manufacturing PMIs from Germany, France and Eurozone USD Bank holiday in observance of US Presidents’ Day GBP Manufacturing and Services PMI from UK Tuesday EUR German Ifo Business USD Consumer Confidence (CB), Flash Services and Manufacturing PMIs and S&P/CS House Price Index Wednesday NZD RBNZ Interest Rate Decision, Rate Statement and Press Conference Friday USD Preliminary GDP, unemployment claims and new home sales GBP BOE Gov Bailey speaks EUR ECB President Lagarde speaks Saturday USD Fed Monetary Policy Report The post Trade Zone Week Ahead with David Floyd (Aspen Trading): 21st – 25th February appeared first on Eightcap.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors fleeing cryptocurrencies as residents flee Kyiv

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors fleeing cryptocurrencies as residents flee Kyiv

FXStreet News FXStreet News 24.02.2022 16:16
Bitcoin price drops 7% on geopolitical news but is close to offering a nice entry-level. Ethereum price deteriorates 10% for the day and still has 7% to go before some solid support is present. XRP price sees early price bounce-off but might be too soon as better entry levels are present further down the line. Cryptocurrencies are waking up to a shocker this morning as the whole Eastern border of Ukraine is under siege of missile attacks by Russia and Belarus. This afternoon, NATO and the EU are scrambling for emergency meetings to further retaliate with sanctions cutting off Russia entirely from the financial system. In the meantime, investors are hoarding cash and pulling out their money into safe havens, but in the process, offering some lovely entry levels for the longer term. Bitcoin price breaks below $36,709 and looks to test support at $32,650, below $33,000 The Bitcoin (BTC) price got slaughtered this morning as the Russian offensive started in early trading hours, shedding 7% of its market value. As it is looking for support, it will be vital for market participants to await the right time to execute any trades. It is too late now for both bears and bulls to get in as markets will or could go either way, and both parties are better off waiting for the right entry-level. BTC price will favour bulls with an entry below the $34,000 key-level as above, for now, no actual entry points are offered. At $32,650, a solid entry-level is offered, going back to June 25. With this, BTC price would need to shed another 5% on top of the 7% it has already lost in early morning trading. Expect this to unfold once the US sessions kicks in and further deterioration of asset prices happens across the board. BTC/USD daily chart Should Putin step up military action, expect to see further deterioration of price action in several asset classes, certainly when civilian casualties are reported. Expect $32,650 to be breached and see BTC further deepen its losses towards $31,322. Following that, the famous distribution zone will have been entered, and short-term bulls and long-term investors will be buying up bits and pieces of the price action for a rebound once the situation stabilises. Ethereum bulls should open up their wallets as price action is set to offer some great entry points Ethereum (ETH) price is nearing some interesting levels as price action dips to the downside in an accelerated move as Russian troops are attacking several important cities in Ukraine. Whilst Europe tries to deal with the situation, more reports have come in of several critical Ukrainian military installations being fired upon by missiles and mortars. Putin proclaimed conducting a military surgical operation to demilitarise the country and succeed. ETH price gets under pressure as investors hoard cash and kick out any risky asset in the process, as Ethereum already lost 10% in early morning trading. Expect more downside to come towards $2,148, losing 18% of its value in the process. At the same time, this is an excellent window of opportunity for investors to buy ETH coins at a very lucrative discount once the situation stabilises. ETH/USD daily chart As this story develops further into the trading day, expect to see a deterioration of ETH price action towards $1,928 or even $1,688 – breaching $2,000, should more reports come in from Russian troops entering mainland Ukraine and taking over control of key cities. That would mean that ETH is set to lose another 17% to 25% in the process as the US session will be expected to deepen the loss intraday. In the meantime, Ethereum price action has entered a distribution zone, offering an excellent opportunity for investors to start building a stake in for any upside potential to come. XRP price is at risk of losing another 25% as first support is being tested Ripple's (XRP) price sees an initial bounce off the $0.6264 level this morning as Europe awakes to some severe military threats spilling over into global markets with risk assets being slashed across the board. XRP price action already shredded 10% at the time of writing and is seen bouncing off technically and recovering back to more moderate levels – but still holding heavy losses. As the situation further develops, expect cryptocurrencies to react instantly in both directions as more headlines and news hit the wires today. Expect $0.6264 not to withstand further selling pressure since the situation remains fragile. As possible combat headlines start to accelerate, expect to see another dip lower in XRP to $0.5852 or even $0.5231, adding another 6% to 16% of losses to the price action. With this, the Relative Strength Index will be diving deeply into oversold territory, making this area an excellent entry level for investors going long once the situation dies down and the market falls back to a more normal level. XRP/USD daily chart In the worst case, XRP could dip below $0.50 and tick $0.48 in the process, the lowest level since June 2021. Depending on the situation expect to see bulls either waiting and holding, or taking the bounce off the historic $0.48 level and the monthly S1 support level, which they may use as a point of entry for going long if the situation calms down in the near future.
Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 28th February – 4th March

Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 28th February – 4th March

8 eightcap 8 eightcap 26.02.2022 19:00
As we head into a new month, Boris Schlossberg of BKForex takes over the reins for our Trade Zone Trading Week Ahead for the month of March. Amidst an increasingly volatile background driven by geopolitical tensions, Boris gives his take on the assets that matter this week, looking at current short-term positions for Gold and Oil, as well as potential setups for indices and forex from both a technical and fundamental perspective. Watch the video below to get all the insight ahead of market open today. Boris Schlossberg is Managing Director of FX Strategy for BK Asset Management, Co-Founder of BKForex.com, and Managing Editor of 60secondinvestor.com. Widely known as a leading foreign exchange expert, Boris has more than three decades of financial market experience. In 2007, while still at FXCM, Boris started BKForex with Ms. Kathy Lien. A year later, Boris joined Global Futures & Forex Ltd as director of currency research where he provided research and analysis to clients and managed a global foreign exchange analysis team with Kathy Lien. Since 2012 Boris has focused exclusively on running BKForex.com where he generates trade ideas and designs algorithms for the FX market in partnership with Ms. Lien. He is the author of “Technical Analysis of the Currency Market” and “Millionaire Traders: How Everyday People Beat Wall Street at its Own Game”, both of which are published by Wiley. In 2020 Mr. Schlossberg started www.60secondinvestor.com a free website that distils the best of institutional investment research for retail investors. Important Data Releases & Events this Week Tuesday CNY Manufacturing PMI AUD RBA Interest Rate Decison Wednesday EUR German Inflation Rate, Unemployment Rate EUR Eurozone CPI CAD GDP USD Markit Manufacturing PMI AUD GDP Thursday CAD BoC Interest Rate Decision EUR ECB Monetary Policy Meeting Friday USD ISM Non-Manufacturing PMI Saturday USD Non-Farm Payrolls, Unemployment Rate The post Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 28th February – 4th March appeared first on Eightcap.
Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 28th February – 4th March - 27.02.2022

Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 28th February – 4th March - 27.02.2022

8 eightcap 8 eightcap 27.02.2022 19:00
As we head into a new month, Boris Schlossberg of BKForex takes over the reins for our Trade Zone Trading Week Ahead for the month of March. Amidst an increasingly volatile background driven by geopolitical tensions, Boris gives his take on the assets that matter this week, looking at current short-term positions for Gold and Oil, as well as potential setups for indices and forex from both a technical and fundamental perspective. Watch the video below to get all the insight ahead of market open today. Boris Schlossberg is Managing Director of FX Strategy for BK Asset Management, Co-Founder of BKForex.com, and Managing Editor of 60secondinvestor.com. Widely known as a leading foreign exchange expert, Boris has more than three decades of financial market experience. In 2007, while still at FXCM, Boris started BKForex with Ms. Kathy Lien. A year later, Boris joined Global Futures & Forex Ltd as director of currency research where he provided research and analysis to clients and managed a global foreign exchange analysis team with Kathy Lien. Since 2012 Boris has focused exclusively on running BKForex.com where he generates trade ideas and designs algorithms for the FX market in partnership with Ms. Lien. He is the author of “Technical Analysis of the Currency Market” and “Millionaire Traders: How Everyday People Beat Wall Street at its Own Game”, both of which are published by Wiley. In 2020 Mr. Schlossberg started www.60secondinvestor.com a free website that distils the best of institutional investment research for retail investors. Important Data Releases & Events this Week Tuesday CNY Manufacturing PMI AUD RBA Interest Rate Decison Wednesday EUR German Inflation Rate, Unemployment Rate EUR Eurozone CPI CAD GDP USD Markit Manufacturing PMI AUD GDP Thursday CAD BoC Interest Rate Decision EUR ECB Monetary Policy Meeting Friday USD ISM Non-Manufacturing PMI Saturday USD Non-Farm Payrolls, Unemployment Rate The post Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 28th February – 4th March appeared first on Eightcap.
What's The Future Of Bitcoin (BTC) Price In Times Of Sanctions?

What's The Future Of Bitcoin (BTC) Price In Times Of Sanctions?

FXStreet News FXStreet News 28.02.2022 16:02
Bitcoin price is behaving very well this stormy Monday morning as global markets are under pressure from sanctions against Russia. BTC sees elevated interest as people in Russia dive into Bitcoin as an alternative method of payment. Expect this interest to add to more popularity for Bitcoin as long as the current sanctions are imposed on Russia and its ruble. Bitcoin (BTC) is holding it together all-in-all quite well as price action dipped lower over the weekend but is back up for the day as Bitcoin sees an uptick in demand at the start of the week. That demand comes from Russian people using Bitcoin as an alternative method of payment as the local currency has devalued considerably, and several sanctions are making it impossible to use FX alternatives. With this renewed interest, expect to see BTC price action rise towards $39,780, holding a 10% profit potential. Bitcoin regains the needed attention it deserves Over the weekend, price action got rejected to the downside and saw a 7% devaluation. Yet with the introduction of several sanctions onRussia, significant demand is being seen for Bitcoin as Russians seek alternative payment methods as their own currency has devalued sharply by 20% on Monday morning, and foreign currencies are forbidden as a form of payment. This is the perfect background for Bitcoin and other major cryptocurrencies to get renewed positive attention. Several Russians will be opening a crypto wallet and buying into Bitcoin price action, which could propel price action towards $39,780 in the first phase.once Bitcoin becomes the standard form of payment in Russia, and as the Relative Strength Index still has plenty of room to go, expect to see a further move to the upside, hitting $41,756 in the near term. BTC/USD daily chart Depending on the current peace talks underway this afternoon between Russia and Ukraine, expect to see a possible dip back towards $38,073 or even $36,709 as the supportive baseline in these past few days. Should the situation deteriorate again and see renewed attacks – and even the use of Russian nuclear weapons – expect to see a sharp nosedive move towards $32,650, nearing the distribution zone from a few months ago. With that move, the Relative Strength Index will have entered the oversold area, however, suggesting an increased likelihood of an eventual recovery.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Sentiment turns as the U.S. looks to regulate cryptos

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Sentiment turns as the U.S. looks to regulate cryptos

FXStreet News FXStreet News 03.03.2022 16:07
Bitcoin price sees its gains being pared back a bit after more talks on regulatory crackdown out of U.S. on cryptocurrencies. Ethereum price slips further away from $3,018 after Powell's speech before Congress talked about regulating cryptocurrencies. XRP price sideways, awaiting a catalyst to go either way. Cryptocurrencies are facing some headwinds – whilst they have enjoyed more inflows of late as both Ukrainian and Russian inhabitants reverted to cryptocurrencies as an alternative means of payment to avoid sanctions – there are signs this loophole will soon be closed. During Biden's State of the Union speech the president asked for a crackdown on cryptocurrencies to close the escape route for wealthy Russians. FED chair Powell added fuel to the fire by saying that he would welcome further regulation to monitor and control cryptocurrencies better. The result is that these comments have triggered some nervousness in all significant cryptocurrency pairs. Bitcoin bulls are rejected at $44,088 with the risk of sliding back to $42,000 Bitcoin (BTC) price saw a full paring back of the losses accumulated during the Russian invasion as cryptocurrencies saw renewed cash inflow from both Russians and Ukrainians looking for alternative means of payment after both central banks had put in cash withdrawal restrictions. As Bitcoin looked to be poised for another leg higher, both Biden and Powell created some headwinds by urging for more regulatory crackdown, as it is emerging that cryptocurrencies are undermining sanctions on Russia. With this renewed negative attention towards cryptocurrencies, investors are being quick to book profits and, in the process, are pushing BTC price action to the downside. BTC price saw an initial rejection at $45,261, a level which coincides with the low of December 17, and as such triggered some profit-taking. As profit-taking continues bulls are faced with another rejection at $44,088, a level that goes back to August 06. Below that, the search for support finds nothing until $41,756 or the psychological $42,000 level near the baseline of a bearish triangle we had marked up earlier. BTC/USD daily chart As more talks are underway, a breakthrough could still happen at any moment. If that happened, it would mean that bears would fail in their attempt to squeeze out bulls and get stopped out themselves once the price pierced through $44,088 to the upside. That move would even accelerate after shooting through $45,261, with a quick rally to $48,760 and, from there, positioning Bitcoin to pop back above $50,000 next week. Ethereum bulls are defending the 55-day SMA, but support is wearing thin Ethereum (ETH) price takes another step back today after more negative connotations from FED Chair Powell in the house hearing before Congress. Next to committing to more rate hikes, Powell also drilled down on cryptocurrencies and called them a risk that needs to be prioritised with regulations. That puts greater regulation for cryptocurrencies at the top of the congressional agenda – after Ukraine, and inland inflation had pushed that bullet point further down the list. For the moment, ETH sees bulls defending the 55-day Simple Moving Average (SMA) at $2,880. Although it looks good to hold for now, in the past, the 55-day SMA has not built a solid reputation of being well respected. So expect a possible breach once the US session kicks in and Powell makes more negative comments on cryptocurrencies in his second day of congressional hearings, which will likely push ETH price below the 55-day SMA at $2,880, through the monthly pivot at $2,835, and down to a possible endpoint at around $2,695. ETH/USD daily chart As the situation in Russia further deteriorates with more sanctions on the shelf, residents will be forced even more to flee into cryptocurrencies to avoid any repercussions from the financial sanctions imposed. That would mean broad flux inflow throughout the coming days, with ETH price action popping above $3,018, and in the process breaking the double top of rejection from Tuesday and Wednesday. To the upside, that could see $3,391 for a test as the inflow will outweigh any bearish attempts from short sellers. XRP price testing monthly pivot to the downside as dollar strength weighs Ripple's (XRP) price is under pressure to the downside as bears are putting in their effort to break the new monthly pivot at $0.76. Bears are getting help from the other side of the asset pair by the dollar’s strength weighing on price action for a second consecutive day. With Ukraine's current tension and possible retaliation from Russia against the West, safe havens are broadly bid with the Greenback on the front foot and thus outpacing XRP’s valuation, resulting in a move lower. Expect XRP price to see an accelerated move once the monthly pivot at $0.76 gives way. With not much in the way, the road is open to drop to $0.62, with $0.70 and $0.68 as possible breaking off points where bears could see some profit-taking and attempts by bulls to halt the downturn. But the trifecta of the negative comments from both Biden and Powell joined with the safe-haven bid is too big of a force to withstand, making $0.62 almost inevitable in the coming hours or trading days. XRP/USD daily chart The only event that could turn this around is if a catalyst were to remove the safe-haven bid. That could come with a resolution of the current tension in Ukraine or surrender of the Russian army of some sort. In such an outcome, the safe-haven bid would evaporate, followed by a massive risk-on flow which would see XRP pop above $0.78 and rally to $0.88, taking out $0.84 along the way to the upside.
Shiba Inu price is back in a downtrend holding a potential 17% correction

Shiba Inu price is back in a downtrend holding a potential 17% correction

FXStreet News FXStreet News 04.03.2022 16:07
Red flags for Shiba Inu as three bearish strikes are putting SHIB on track for a 17% loss. Markets, in general, are moving into hibernation mode to overcome the rising tensions in Ukraine.Expect the downtrend to continue until the floor is reached at around $0.00002100.Shiba Inu (SHIB) price action is under the scrutiny of bears as bulls have given away their upper hand and are falling over each other to get out of SHIB price action as it tanks for a third consecutive day. With three bearish signals on the technical front and failed peace talks again between Russia and Ukraine, the background looks set for more downturns to come. From the opening price today, SHIB price action is set to correct another 17% before the current intermediary floor is reached for a test of $0.00002100.SHIB price action is going along with global markets and sees safe-haven bids outweigh the upside potentialShiba Inu price action is under siege by bears after a series of bearish coups overtook price action. On Wednesday, the first negative signal came from a false break and bull trap, at $0.00002707 and the monthly pivot. Bulls broke above but got washed out of their positions by bears, pushing price action below the 55-day Simple Moving Average (SMA) at $0.00002600. The SMA in its turn again triggered a rejection at the top side on Thursday with bulls being squeezed out of their positions.The pain for SHIB bulls looks far from over as in early morning trading during the ASIA PAC session, strike three was delivered with a break below the low of yesterday, leading to price action dangling above an abyss of around 17%. The first and only real solid support to the downside is at around $0.00002100, with the green ascending trendline holding five solid tests proving that it is a line in the sand where bulls will engage in full force to uphold price action from falling further. The psychological $0.00002000 should add to the strength of the level, but an eventful weekend could see a further crackdown towards $0.00001883 at the monthly S1 support level.SHIB/USD daily chartAs said in the introductory statement, all this results from the Ukraine situation and global markets further going into safe-haven mode. All it would take are just some flairs of positive news alluding to a solution in Ukraine that would trigger a quick and smooth turnaround back towards $0.00002800. With that move, not only would the red descending trend line at the top side be broken, but as well the 78.6% Fibonacci level would come into play, opening the door for more upside to come.
Positive News From Europe Supports (BTC) Bitcoin Price - Is $40.000 Coming?

Positive News From Europe Supports (BTC) Bitcoin Price - Is $40.000 Coming?

FXStreet News FXStreet News 08.03.2022 16:05
Bitcoin price action sees bulls storming out of the gate, with BTC bouncing off a $38,073 historical pivot. BTC price set to tick $39,780 intraday in a range-trading profile. Expect to see more upside, should BTC continue its rally from positive signals out of Ukraine, and punch through the 55-day SMA. Bitcoin price action is back on the front foot today as global markets surf positive news of a ceasefire and fresh round of talks between Russia and Ukraine. The lift in positive sentiment spilled over into cryptocurrencies and saw positive prints across the board. Bitcoin was no different, with the price up 2.30% for the day at the time of writing and a possible tick of over 4% profit going into the U.S. session this evening. Bitcoin sees bulls taking over in ceasefire setback for bears Bitcoin price action is whipsawing between $45,000 to the upside and $34,000 to the downside, in a bandwidth that has been drawn since January. With global markets remaining stressed and on edge, today is set to give a sigh of relief and blow off some steam out of the pressure cooker that is Ukraine. Expect to see further decompression going into the U.S. session as this positive news gets picked up and translated into another round of bullish uplift for the cryptocurrency. BTC price is set to tick $39,780 and will try to break the high of last weekend. But bulls will immediately face another level of resistance, with the 55-day Simple Moving Average (SMA) around $40,250, and the $40,000 level in the way. Add to that the monthly pivot at $41,000 – so within a $1,000 – and there are three bearish elements capable of cutting short any attempts for further upside if no additional relief catalysts are added to the current headlines. BTC/USD daily chart Over the weekend, a ceasefire was already tried but failed after just a few minutes. Should that be the case again, expect this to break the fragile trust that has been in place now since recent talks yesterday. Expect BTC price action to be pushed back to $38,073 a drop of around 4%.
Blockchain Gaming - Where NFT, RPG And Layer 2 Meet

Ethereum price consolidates before a 34% breakout

FXStreet News FXStreet News 10.03.2022 16:14
Ethereum price faces a decisive moment as it coils up inside a symmetrical triangle. Investors can expect a 34% move in either direction, considering the ambiguous nature of the setup. A move to the upside seems unlikely due to the presence of multiple resistance barriers. Ethereum price action shows an interesting setup that forecasts the possibility of a massive move in both directions. However, considering the technical aspects, the probability of a down move appears more plausible for ETH. Ethereum price is stuck consolidating Ethereum price sets up three lower highs and two higher lows since January 24. Connecting these swing points using trend lines results in a symmetrical triangle formation. This technical formation forecasts a 34% move in either direction obtained by measuring the distance between the first swing high and low. A bullish breakout at roughly $2,882 puts the target at $3,874, but a bearish move below $2,405 reveals the target at $1,578. However, an upside move is less likely due to the presence of the weekly supply zone extending from $2,927 to $3,413. Moreover, the 50-day Simple Moving Average (SMA) has kept the price capped for the last three months. Additionally, the 100-day SMA present inside the weekly supply zone makes this confluence a stiff hurdle to overcome. Therefore, a six-hour candlestick close below $2,405 would indicate a breakout and forecasts a 34% crash to $1,578. ETH bulls might prevent such a steep correction due to the weekly support level at $1,730. ETH/USDT 6-hour chart On the other hand, if Ethereum price witnesses a massive surge in buying pressure that kick-starts a bullish breakout, investors can expect the upside to be capped around the 200-day SMA at $3,543 or $3,600. Any move beyond this level will require a massive inflow of stablecoins or a pileup of bid orders, which is unlikely considering the consolidative nature of BTC and ETH’s correlation to it.
Price Of (SHIB) Shiba Inu In Times Of Inflation And The Conflict

Price Of (SHIB) Shiba Inu In Times Of Inflation And The Conflict

FXStreet News FXStreet News 11.03.2022 13:37
Shiba Inu price action sees volume wearing thinner due to investors remaining sidelined as peace talks in Ukraine stall. SHIB bulls are a bit puzzled about what to do next as global worries on inflation and Ukraine are dampening any upward potential in SHIB price action. Expect to see the price go sideways to lower today, heading into the weekend. Shiba Inu (SHIB) price action has not been in a sweet spot for investors this week. With whipsawing price action and bears still sitting on lucrative gains, investors got burned several times on false breakouts and mixed signals coming from both the markets and price action in SHIB. Expect a large number of funds to stay sidelined as more peace talks get underway, but Russia’s stance of not wanting to meet Ukraine halfway, suggest those talks are likely to end in failure rather than success. Shiba Inu price reveals that bulls are not taking chances as new peace talks have no chance of succeeding Shiba Inu price action is on a slow downward burn after bulls got tempted in to what looked like a relief rally but instead turned out to be a full-fledged bull trap, squeezing bulls out of their positions, paring back all the gains accrued, and even making a new low for the week this morning. With the Relative Strength Index flatlining, it looks as if SHIB’s balance between bears and bulls is in gridlock as bulls do not want to engage without a clear positive catalyst, and bears are sitting on a pile of profits that they do not want to offload at the current levels. It will take either a breakthrough in peace talks or another catalyst to form some counterweight against the forecast of stagflation and further deterioration in Ukraine that is at the moment directing price action in Shiba Inu. SHIB price will test the new lows for this week and looks set to drop to the green ascending trend line near $0.00002108, which falls roughly in line with the low of February 24. Depending on how the US dollar behaves, expect to see some movement to the upside, but nowhere near the high of yesterday, so relatively muted below $0.00002400. Expect SHIB price action to go into the weekend within that price range, awaiting any headlines that could set the tone for next week. SHIB/USD daily chart If a breakthrough is made on some front, or some economic data opens a window of relief, expect to see a pop above $0.00002400, breaking the high of yesterday and opening up more upside towards $0.00002533, which is the 55-day Simple Moving Average (SMA). SHIB price action would print a new high for the week with this. As the red descending trend line is in the near vicinity, expect possible bulls to try and reach out to that level, near $0.00002636, for a test and possible break to the upside if the positive sentiment only gains traction going into the weekend.
Binance Academy: THORChain (RUNE) - What Is It?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets in disarray

FXStreet News FXStreet News 14.03.2022 15:57
Bitcoin price loses momentum as it slides back into consolidation along the $36,398 to $38,895 demand zone. Ethereum price slides below a symmetrical triangle, hinting at a move below $2,000. Ripple price remains bullish as bulls eye a retest of $1 psychological level. Bitcoin price continues to tag the immediate demand area, weakening it. Despite the sudden bursts in buying pressure, BTC seems to be in consolidation mode. Ethereum price has triggered a bearish outlook while Ripple price shows signs of heading higher. Also read: Gold Price Forecast: Lower lows hinting at a steeper decline Bitcoin price moves with no sense of direction Bitcoin price dips into the $36,398 to $38,895 demand zone for the fourth time without producing any higher highs. This price action is indicative of a consolidation and is likely to breach lower. A daily candlestick close below $36,398 will invalidate the demand zone and knock BTC to retest the weekly support level at $34,752, which is the last line of defense. A breakdown of this barrier will open the path for bears to crash Bitcoin price to $30,000 or lower. Here, market makers will push BTC below $29,100 to collect liquidity resting below the equal lows formed in mid-2021. BTC/USD 1-day chart While things look inauspicious for Bitcoin price, a strong bounce off the said demand zone that retests the weekly supply zone, ranging from $45,550 to $51,860, will provide some relief for bulls. Ethereum price favors bears Ethereum price action from January 22 to March 4 created three lower highs and higher lows, which, when connected via trend lines, resulted in a symmetrical triangle formation. This technical formation forecasts a 26% move obtained by measuring the distance between the first swing high and swing low to the breakout point. On March 6, ETH breached below, signaling a bearish breakout, which puts the theoretical target at $1,962. A breakdown of the weekly support level at $2,541 is vital; a breakdown of this barrier will expedite the move lower. ETH/USD 1-day chart Regardless of the recent onslaught of bearishness, Ethereum price needs to produce a daily candlestick close above $3,413 to invalidate the bullish thesis. Such a development will also open the possibility of kick-starting a potential uptrend. https://youtu.be/-U0QTf_NwnI Ripple price maintains its bullish momentum Ripple price traverses a bull flag continuation pattern, a breakout from which hints at a continuation of the uptrend. This technical formation contains an impulsive move higher followed by a consolidation in the form of a pennant. The 55% rally between February 3 and 8 formed a bullish flag pole continuation pattern, and the consolidation that ensued in the form of lower highs and higher lows created the pennant. Together, the bullish setup forecasts a 31% ascent for XRP price, obtained by adding the flag pole’s height to the breakout point from the pennant. On March 11, Ripple price broke out from the pennant, signaling the start of the 31% uptrend to $1. So far, the retest seems to be holding up well, so investors can expect the remittance token to continue its journey higher to the $1 psychological level. XRP/USD 1-day chart A daily candlestick close below the immediate demand zone, ranging from $0.689 to $0.705, will create a lower low and invalidate the bullish thesis for Ripple price. In such a case, XRP has the twelve-hour demand zone, extending from $0.546 to $0.633 to support any residual selling pressure. https://youtu.be/rCFQmMHWJZ4
Bitcoin price undergoes sharp fade as bulls storm out of the gate

Bitcoin price undergoes sharp fade as bulls storm out of the gate

FXStreet News FXStreet News 16.03.2022 16:28
Bitcoin price action jumped 7% but fell back sharply in European trading.BTC price action looks to be set to jump above $41,756.61 once the US session kicks in.Expect to see a further continuation of this price jump throughout the week as long as positive signals come from the ongoing talks in Russia.Bitcoin (BTC) price action is performing a countercyclical move this morning as Asian bulls storm out of the gate on positive-speak from the Chinese government. From now on into the European session, gains are still present but have faded slightly. Expect to see a subsequent round of wins coming in during the US session and going further into this week as long as positive signals are communicated independently from both sides in Ukraine and Russia peace talks.Bitcoin price sees bulls swimming against the tideBitcoin price action seems to have awakened many investors who fell asleep staring at their television screen for the past three weeks on the Russian invasion of Ukraine. As they pulled out their money and went long cash, cryptocurrencies dried up a bit and were left to the mercy of bears. Today a few bears will be licking their wounds as bulls have gone in for a push higher as more positive signals come from both Ukraine and Russia on talks, and markets are getting used to the war headlines as everything looks to be priced in. BTC price action technically got rejected to the upside at $41,756.61, the base of a bearish triangle that formed a few weeks ago. Expect this fade in early trading to provide a window of opportunity for European and American bulls to join the rally and ramp up the price above $41,756.61, where a close above will be key this evening. If trading can start on Thursday with an opening price above $41,756.61, expect to see another leg higher by tomorrow evening, near $44,088.73 and even $45,261.84 by Friday.BTC/USD daily chartThe risk could be that the current fade, after the rejection at $41,756.61, could topple into a deeper loss if bears push the price below the opening price. This would trigger panic amongst bulls that got in and will have them remember the same scenario that happened exactly one week ago on Wednesday with a false breakout and a full paring back, and even eking out further losses the day after. Expect bulls to exit instantly once BTC price action prints red numbers, and this to spiral into a setback for BTC price towards $38,703.32 or even $36,709.19.
Trading plan for Dogecoin on June 22, 2022

Dogecoin price could tank as India’s central bank closes the doors to cryptos

FXStreet News FXStreet News 17.03.2022 16:34
The Indian Central Bank came out this morning with firm rejection against adopting cryptocurrencies in the country. Dogecoin price action undergoes firm rejection against a double technical barrier. DOGE set to tank by 8% as bears see opportunity fit to pair back gains from Wednesday yet again. Dogecoin (DOGE) price action saw bulls being hit by ice-cold water this morning as two headlines made the sky drop on their heads. These were the Kremlin coming out saying that talks are nowhere near as positive as markets are frontrunning, and the Indian Central Bank (RBI) giving a firm rejection to the adoption of cryptocurrencies. The RBI branded cryptocurrencies as a tool that will wreck the currency system, monetary authority and government's ability to control the economy. This is a significant blow and setback for cryptocurrencies that saw bulls coming up yesterday for a catch of fresh air but are now again submerged underwater with negative prints today. Dogecoin price gains short-lived Dogecoin price action is not currently in a sweet spot as in just 5 minutes, two separate comments unrelated to each other trashed bulls’ game plan to target $0.1357 next week. Instead, DOGE price action fell back to its opening price and took a step back as bulls reassessed the situation – due to some unforeseen tail risks that caused headwinds overpowering the tailwinds that emerged the day before. Expect to possibly see DOGE price action tumble again to the downside, in a similar scenario to last week. DOGE price action got a firm rejection from negative headlines at $0.1197 with the green ascending trend line and that intermediary top-line proving too big for bulls to take on. Instead, price action collapsed back to the entry-level and looked heavy and dangling, as if poised to drop at any moment to the downside. A possible downside target is set at $0.1137 and $0.1100 with the last one making a triple bottom – although there is also the risk of a break even further to the downside if more tail-risk materialises. DOGE/USD daily chart Once the US session takes over, it could well be that investors look beyond these very short-term headlines, considering them as partial hiccups before moving on. That would mean a pickup in buying interest which could lead to a punch through $0.1197 to the upside. This would open the door towards $0.1242 intraday and possibly again on track for $0.1357.
Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 21st – 25th March

Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 21st – 25th March

8 eightcap 8 eightcap 20.03.2022 21:19
As expected, The Fed came out last week and approved a quarter percentage point interest rate rise,  its first since December 2018 and possibly one of many more to come as the U.S. faces up to rampant inflation. With that big decision now priced into the markets, all eyes will be on whether stocks will be able to sustain last week’s fresh gains into a second week. There are still many headlines to be written and with the Ukrainian conflict entering its second month, there may be many more twists and turns. In today’s Trade Zone Trading Week Ahead, we look ahead at potential moves in equities, oil, gold, Bitcoin and also discuss why forex might now be an interesting play. Watch the video below to get this week’s latest insights. REGISTER FOR THIS WEEK’S LIVE MARKET UPDATE WITH BORIS AND KATHY Join us at 10 PM AEDT (11 AM GMT) this Wednesday as Boris and Kathy once again take you through another midweek live market update, discussing the key assets and price points to be looking at as the weekend approaches. It’s the perfect session to get valuable insight into what’s currently hot in the financial markets, as well as an opportunity for you to ask your own questions to the experts in a live Q&A. Registration is free. Click below to secure your seat. Boris Schlossberg is Managing Director of FX Strategy for BK Asset Management, Co-Founder of BKForex.com, and Managing Editor of 60secondinvestor.com. Widely known as a leading foreign exchange expert, Boris has more than three decades of financial market experience. In 2007, while still at FXCM, Boris started BKForex with Ms. Kathy Lien. A year later, Boris joined Global Futures & Forex Ltd as director of currency research where he provided research and analysis to clients and managed a global foreign exchange analysis team with Kathy Lien. Since 2012 Boris has focused exclusively on running BKForex.com where he generates trade ideas and designs algorithms for the FX market in partnership with Ms. Lien. He is the author of “Technical Analysis of the Currency Market” and “Millionaire Traders: How Everyday People Beat Wall Street at its Own Game”, both of which are published by Wiley. In 2020 Mr. Schlossberg started www.60secondinvestor.com a free website that distils the best of institutional investment research for retail investors. Important Data Releases & Events this Week Monday EUR ECB President Lagarde Speaks Tuesday USD Fed Chair Powell Speaks Wednesday EUR ECB President Lagarde Speaks GBP CPI GBP BoE Gov Bailey Speaks USD Fed Chair Powell Speaks Thursday USD Crude Oil Inventories CHF SNB Interest Rate Decision, Monetary Policy Assessment, SNB Press Conference EUR German Manufacturing PMI GBP Composite, Manufacturing and Services PMI EUR EU Leaders Summit USD Core Durable Goods Orders USD Initial Jobless Claims Friday GBP Retail Sales EUR German Ifo Business Climate Index EUR EU Leaders Summit The post Trade Zone Week Ahead with Boris Schlossberg (BK Forex): 21st – 25th March appeared first on Eightcap.
🔥 SHIBA Volatile Move Ahead: Triangle Analysis

Can (SHIB) Shiba Inu Price Go For A Rocket Launch?

FXStreet News FXStreet News 21.03.2022 16:05
Shiba Inu price is hovering above the $0.0000223 support level, eyeing a 40% upswing. A quick liquidity run below $0.0000202 is likely before triggering the move to $0.0000283. A daily candlestick close below $0.0000158 will invalidate the bullish thesis for SHIB. Shiba Inu price action seems to be repeating itself after a recent breakout from its downtrend. The rebound is pausing and might go for a liquidity run below a vital support level before a full-blown rally kicks off. Shiba Inu price prepares for a new leg-up Shiba Inu price crashed 77% from its all-time high before setting up a swing low around $0.0000202. The downswing, however, was breached on February 3, as price undertook a u-turn and made a 75% ascent. The new uptrend failed to sustain, however, leading to another downswing. After a brief period of consolidation, SHIB breached through its mini downtrend and is currently establishing a support level around $0.0000223 before triggering an explosive rally higher. However, investors can expect Shiba Inu price to slide lower first in search of liquidity below the $0.0000202 barrier. Such a move will signal the start of an uptrend and interested investors can enter long at $0.0000202. The resulting momentum will likely catapult SHIB to retest the immediate hurdle at $0.0000283. This move would constitute a 40% gain and is where market participants can book profits. SHIB/USDT 1-day chart Even if Shiba Inu price breaches the $0.0000202 barrier, the bulls will have another chance to regroup and attempt a run-up into the nine-hour demand zone, ranging from $0.0000158 to $0.0000193. A daily candlestick close below $0.0000193, however, will produce a lower low and invalidate the bullish thesis. In this scenario, Shiba Inu price could crash 15% and retest the $0.0000135 support level.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos on the front foot as rebound turns into new uptrend

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos on the front foot as rebound turns into new uptrend

FXStreet News FXStreet News 24.03.2022 16:22
Bitcoin price set to touch $45,000 by tomorrow if current tailwinds keep supporting price action. Ethereum price set to rally another 12%, with bulls targeting $3,500.00XRP price undergoes consolidation as the next profit level is $0.90.Bitcoin price, Ethereum and other cryptocurrencies are enjoying a calm week with tailwinds finally able to thrive without constant interruption from headlines about Ukraine or Russia. Markets are also starting to adjust to the situation, with no immediate or significant movements anymore triggered by headlines coming out. Expect to see more upside with several possible cryptocurrencies eking out the best week of the year thus far.Bitcoin price has a defined game plan with $44,088 as the target for today and $45,261 by the weekendBitcoin (BTC) price is on the front foot for a third consecutive day as the rally turns into a broader uptrend. The crucial thing will be to see where BTC price will close this week, as bears need to get weakened with several short squeezes and breakouts running stops from short-sellers. Despite being elevated, the Relative Strength Index (RSI) is still not near the 'overbought' level, providing enough incentive for bulls and investors to keep buying BTC price action.BTC price is set to hit $44,088.73 today, the level of the March 03 highs. If that is gained – and given the current tailwinds – markets will start to expect Bitcoin to eke out new highs for the month with still a week to go. This additional bullish element should help conclude a daily close above $44,088.73. A support test on that same level will trigger new inflows from investors and provide the needed juice to pump price action up to $45,261.84, topping $45,000.00.BTC/USD daily chartA tail risk comes from the big joint meeting today in Brussels, with Biden meeting NATO, the G7 and E.U. leaders. An embargo on gas is on the table and could roil markets if the E.U. decides to walk away from Russian gas supplies, opening up the possibility of further Russian retaliation in Ukraine. That would make global markets move back to risk-off mode, with Bitcoin price dropping back to support at $39,780.68, and intersecting with the green ascending trend line. Ethereum price targets $3,500 after bulls force a daily close above $3,018.55Ethereum (ETH) price is performing a 'classic long' trading plan today after bulls pushed a daily close above $3,018.55. With price action in ETH opening slightly above this level, this morning, the price has faded slightly back towards that same $3,018.55 level to find support and offer the opportunity for new bulls and investors to enter the market. Ethereum price will move back to the upside and continue its rally, which is currently looking more and more like an uptrend that could continue over a broader time frame.ETH price will therefore need to find support around $3,018.55 as the fade will need to be kept in check, as too large a fade could spook investors. Seeing as the current favourable tailwinds are quite broadly present in global markets, expect to see another uplift towards $3,200 and $3,391.52 depending on the number of new positive headlines acting as additional accelerators. With those moves, at least new highs for March will be printed and possibly for February, depending on how steep the rally can continue.ETH/USD daily chartThe risk for Ethereum price is that price action slips back below $3,018.55. That could open the door for bears to jump in again and run price action back to $2,835.83, which is the low of March 21 and the monthly pivot. An additional fail-safe system is the 55-day Simple Moving Average at $2,808.84 as an additional supportive factor to take into account.https://youtu.be/wgpCSH70SIQXRP price undergoes consolidation as the bullish breakout hits $0.90Ripple's (XRP) price has bears and bulls being pushed towards each other as the bodies of the candles from the past two sessions grow very thin. This points to bulls and bears fighting it out and neither yet having the upper hand. Bears are defending the area above $0.8390 from bulls running to $0.8791, and bulls are trying to defend their support at $0.7843. With lower highs and higher lows, the stage is set for a breakout that, seeing the current tailwinds, will probably favour bulls, and result in a quick move towards $0.8791.XRP price is thus set to print new highs for March. With the stock markets having their best performing week for this year, expect to see even more tailwinds spilling over to cryptocurrencies and bulls targeting $0.9110. At that level, bulls will run into the 200-day SMA which will possibly be the halting point of the current uptrend as investors will need to reassess the situation before they advance. Where global markets are at that point and how far off a peace treaty is between Russia and Ukraine will determine if bulls will advance towards $1.00 in XRP price.XRP/USD daily chartAlthough several statements suggest it is unlikely, should Putin be backed further into a corner, the use of nuclear weapons could cast a dark shadow on markets. Expect a massive drop in equities and cryptocurrencies with those headlines coming out, where XRP price will fall towards $0.7843 or even $0.7600. In the first case, the historic pivotal level will provide support and further down, the monthly pivot is set to intertwine with the 55-day SMA, which should be enough to catch any falling-knife action. https://youtu.be/ZWrKMd2CiL8
Is There Any Gold in Virtual Worlds Like Metaverse?

Is There Any Gold in Virtual Worlds Like Metaverse?

Finance Press Release Finance Press Release 25.03.2022 12:15
Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Trade Zone Week Ahead: Non-Farm Payrolls in the Spotlight as Risk Turns Positive

Trade Zone Week Ahead: Non-Farm Payrolls in the Spotlight as Risk Turns Positive

8 eightcap 8 eightcap 27.03.2022 19:55
We wrap up this month’s Trade Zone Week Ahead coverage with a final look ahead at what’s in store this week as markets open. Last Friday ended on a positive note as Wall Street finished on a high, with both the Nasdaq and S&P500 posting positive gains for one of the best weeks of the year so far. All eyes this week will be whether this turn in sentiment continues. With the Ukraine conflict heading into new territory with talks of Russia wanting to divide the country in two, there are still plenty of headlines to keep traders on their toes, not to mention another Non-Farm payroll reading looming this coming Friday. With the Fed now pushing for further interest rate rises in the coming months, against a backdrop of a buoyant job market and rampant inflation, Friday’s result might just shed some further light on what Fed policy might look like in the months to come. In today’s Trade Zone Trading Week Ahead, we discuss the present scenarios in FX, indices, oil and gold. Watch the video below to get this week’s latest insights. REGISTER FOR THIS MONTH’S FINAL LIVE MARKET UPDATE WITH BORIS AND KATHY Join us at 10 PM AEDT (11 AM GMT) this coming Wednesday as Boris and Kathy complete their monthly takeover of our Trade Zone series. Register to attend the final midweek live market update for March, as we analyse the key moves of the week and look ahead at all the potential trade set up as the weekend approaches. It’s the perfect compact session to give you valuable pointers into what you should be watching out for as the month ends, and you also get the opportunity to ask experts the questions you have on your mind right now in a live Q&A. Registration is free. Click below to secure your seat. Boris Schlossberg is Managing Director of FX Strategy for BK Asset Management, Co-Founder of BKForex.com, and Managing Editor of 60secondinvestor.com. Widely known as a leading foreign exchange expert, Boris has more than three decades of financial market experience. In 2007, while still at FXCM, Boris started BKForex with Ms. Kathy Lien. A year later, Boris joined Global Futures & Forex Ltd as director of currency research where he provided research and analysis to clients and managed a global foreign exchange analysis team with Kathy Lien. Since 2012 Boris has focused exclusively on running BKForex.com where he generates trade ideas and designs algorithms for the FX market in partnership with Ms. Lien. He is the author of “Technical Analysis of the Currency Market” and “Millionaire Traders: How Everyday People Beat Wall Street at its Own Game”, both of which are published by Wiley. In 2020 Mr. Schlossberg started www.60secondinvestor.com a free website that distils the best of institutional investment research for retail investors. Important Data Releases & Events this Week Monday GBP BoE Governor Bailey speech Tuesday AUD Retail Sales, Wednesday EUR Inflation Rate USD JOLTs Job Openings, ADP Non-Farm Employment Change, GDP Thursday USD Crude Oil Inventories, Initial Jobless Claims GBP GDP CAD GDP Friday EUR CPI USD Non-Farm Payrolls, Unemployment Rate, ISM Manufacturing PMI The post Trade Zone Week Ahead: Non-Farm Payrolls in the Spotlight as Risk Turns Positive appeared first on Eightcap.
Crypto trading volume exceeds $100 billion in 24 hours as bulls flock to the market

Crypto trading volume exceeds $100 billion in 24 hours as bulls flock to the market

FXStreet News FXStreet News 28.03.2022 16:34
Proponents noted a 63.07% spike in the total transaction volume of cryptocurrencies across exchanges. Coinmarketcap data reveals a month-on-month increase of 4.75% in crypto trading volume. Bitcoin price crossed $47,000, fueled by $200 million shorts liquidated across exchanges. Bitcoin price is rallying, fueled by a frenzy of massive short liquidations on crypto exchanges. Proponents believe bulls have flocked to the market, as transaction volume exceeded $100 billion. Bitcoin price pushes past $47,000 in recent rally Bitcoin price crossed key resistance to hit a high above $47,000 in a rally fueled by the liquidation of millions of short positions. Analysts at the crypto intelligence platform Santiment observed a massive liquidation of shorts across exchanges at 1 pm and 6 pm UTC across crypto exchanges on March 27, 2022. Analysts argue that Bitcoin’s recent price rally to $47,000 was a response to liquidation in large quantities over the weekend. The average funding rate entered the long zone, where uncertainty among market participants increased. Therefore, analysts conclude that Bitcoin shorts have fueled the asset’s ongoing rally. Bitcoin and altcoin shorts liquidatedColin Wu, a Chinese journalist, reported a spike in the total transaction volume of cryptocurrencies, exceeding $100 billion over the past 24 hours. Wu referred to data from Coinmarketcap and observed a 63.07% increase in crypto transaction volume compared to March 26, 2022. The total crypto market value now exceeds $2.12 trillion. Historically, analysts have witnessed high transaction activity when large wallet investors flock to the market or scoop up crypto. Bloomberg analysts argue that Bitcoin looks overbought, compared to its 50-day Moving Average. Bitcoin price crossed key resistance at $45,000 in the current rally, erasing its losses for the year. FXStreet analysts have evaluated Bitcoin price and predicted the start of a new uptrend in the asset, as it crossed the $45,000 level.
Trade Zone Week Ahead: Indices, Cable and Bitcoin in Focus

Trade Zone Week Ahead: Indices, Cable and Bitcoin in Focus

8 eightcap 8 eightcap 03.04.2022 18:00
In today’s Trade Zone Trading Week Ahead, Simon Massey joins us from Trade Room Plus to pick up the mantle for the month of April and discuss some of the trades he’s looking at as markets open today. In this first episode,  we look at the price action for US and European indices, Cable and Bitcoin. Watch the video below to get Simon’s latest insights. JOIN SIMON THIS WEDNESDAY FOR THIS WEEK’S LIVE MARKET UPDATE. REGISTER NOW. Join us at 9 PM AEDT (10 AM GMT) this coming Wednesday as Simon begins his monthly takeover of our Trade Zone series. Register now to attend the first live market update of April, as we analyse the key moves of the week and look ahead at the potential trade moves as the weekend approaches. It’s the perfect session to give you a few valuable pointers on what you should be watching as the trading week approaches its end. Got a burning trading question you need to answer, then stick around for the live Q&A at the end, and let Simon give his view. Registration is free. Click below to secure your seat. Simon Massey is the lead trader of Trade Room Plus, the UK’s premier Live Trade Room. He believes the best way to teach people to trade is to demonstrate live trades. His trading journey started with a small trading account. This led him to trade with ever-larger trading accounts until he was able to leave his previous job and become a full-time trader. Trade Room Plus was established in 2013 and provides educational services to help develop effective trading strategies. Beginners can watch the pros trade financial assets in real-time and learn first-hand from the experts. Important Data Releases & Events this Week Monday CNY Ching Ming Festival Holiday AUD Retail Sales GBP BoE Gov Bailey Speaks Tuesday CNY Ching Ming Festival Holiday AUD RBA Interest Rate Decision, Rate Statement GBP Composite & Services PMI Wednesday USD ISM Non-Manufacturing PMI GBP Construction PMI Thursday CAD Ivey PMI USD Crude Oil Inventories USD FOMC Meeting Minutes EUR ECB Monetary Policy Meeting Notes USD Initial Jobless Claims Friday CAD Employment Change The post Trade Zone Week Ahead: Indices, Cable and Bitcoin in Focus appeared first on Eightcap.
Trade Zone Easter Week Ahead

Trade Zone Easter Week Ahead

8 eightcap 8 eightcap 18.04.2022 08:50
Watch Simon Massey’s from Trade Room Plus analysis and his trade possibilities for the upcoming Easter week. Today, he look at the price action for German DAX index, Bitcoin, US NASDAQ, Gold and a 2 major forex pairs of note. Enjoy the video below to get all of Simon’s latest thoughts. Do trade safe! JOIN SIMON THIS WEDNESDAY FOR THIS WEEK’S LIVE MARKET UPDATE. REGISTER NOW. Join us at 7 PM AEST (10 AM BST) this coming Wednesday as Simon for another Trade Zone Live Market Update. Register now to secure your place on our next live market update of April, as Simon examines the key moves of the week so far, and looks ahead at the potential end of week action that you need to keep an eye on. It’s the perfect session to summarise the levels you need to be watching as the trading week draws to a close. Got a burning trading question you need to answer? Want to know about the fortunes of a specific pair or commodity, then let Simon give his view at the end of session Q&A. Registration is free. Click below to secure your seat. Simon Massey is the lead trader of Trade Room Plus, the UK’s premier Live Trade Room. He believes the best way to teach people to trade is to demonstrate live trades. His trading journey started with a small trading account. This led him to trade with ever-larger trading accounts until he was able to leave his previous job and become a full-time trader. Trade Room Plus was established in 2013 and provides educational services to help develop effective trading strategies. Beginners can watch the pros trade financial assets in real-time and learn first-hand from the experts. Important Data Releases & Events this Week Monday CNY Inflation Rate GBP GDP Tuesday AUD NAB Business Confidence GBP Claimant Count Change, Unemployment Rate EUR German Inflation Rate, ZEW Economic Sentiment Index USD Core Inflation Rate, Inflation Rate Wednesday AUD Westpac Consumer Confidence Index GBP Core Inflation Rate, Inflation Rate USD PPI Thursday CAD BoC Interest Rate Decision, Monetary Policy Report AUD Employment Change, Unemployment Rate EUR Interest Rate Decision, Press Conference USD Retail Sales Friday USD Michigan Consumer Sentiment Indes The post Trade Zone Easter Week Ahead appeared first on Eightcap.
Trade Zone Week Ahead: Indices, Forex, and Commodities Real-Time Insight, with Andrew Lockwood

Trade Zone Week Ahead: Indices, Forex, and Commodities Real-Time Insight, with Andrew Lockwood

8 eightcap 8 eightcap 06.05.2022 12:43
Join Andrew Lockwood from ForexSignals.com, for Monday’s Trading Week Ahead Live, as he takes you through his markets to monitor for the upcoming week. Watch as he analyses the Indices, Forex, and Commodities markets, and shares his potential trade opportunities for the week. JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE! Do you want to continue monitoring the markets reviewed in Monday’s Trading Week Ahead Live? Then Join us this coming Wednesday, at 7 PM AEST (10 AM BST), as Andrew continues his analysis from Monday. Watch him as he looks back at moves and developments made since Monday, and shares where he foresees the market heading as we approach the weekend. Register Now This is the perfect opportunity to help you summaries the levels you’re watching and understand the movements being made. As usual, at the end of the session, there will be a live Q&A, for you and the rest of the Trade Zone community to ask Andrew Lockwood all your market and trade-related questions. So if you are not sure about the reasons behind a market movement, or you would like to know more about any of the pairs or commodities covered this week? This is the place to come to get the answers you need. So join us and enjoy… And as always remember to trade safely! The post Trade Zone Week Ahead: Indices, Forex, and Commodities Real-Time Insight, with Andrew Lockwood appeared first on Eightcap.
Trade Zone Week Ahead: Begin Your Week, with Real-time Insight from Andrew Lockwood

Trade Zone Week Ahead: Begin Your Week, with Real-time Insight from Andrew Lockwood

8 eightcap 8 eightcap 12.05.2022 14:43
Join Andrew Lockwood from ForexSignals.com, for his penultimate week on the Eightcap Trade Zone. Start the week with another live Monday morning Trading Week Ahead, as he outlines the markets to monitor from, Indices, Forex, and Commodities, and shares his potential trade ideas for the week for the coming week. JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 18th May 2022! Would you like an update on how the markets have been performing this week? Then Join us this coming Wednesday, at 7PM AEST (10AM BST), as Andrew provides his mid-week Live Market Update. Watch him, as he looks back at his analysis from Monday, and updates you with the moves and developments that have been made. Then shares where he foresees the market heading as we approach the weekend. Register Now Do you need some help summarising the market, or want to trade along side a seasoned trader? If so, this is the perfect opportunity to get the help and support you need. As usual there will be a live Q&A at the end of the session, for you and the rest of the Trade Zone community to ask Andrew Lockwood any trade-related questions you may have. So if you are not sure about the reasons behind any of the movements in the market, or you would like to know more about a particular asset or pair? Then this is the place to come to get the answers you need. So join us on the Trade Zone this week, and as always, please remember to trade safely! The post Trade Zone Week Ahead: Begin Your Week, with Real-time Insight from Andrew Lockwood appeared first on Eightcap.
Trade Zone Week Ahead: Begin Your Week with Real-time Insight from Andrew Lockwood

Trade Zone Week Ahead: Begin Your Week with Real-time Insight from Andrew Lockwood

8 eightcap 8 eightcap 15.05.2022 14:43
Join Andrew Lockwood from ForexSignals.com, for his penultimate week on the Eightcap Trade Zone. Start the week with another live Monday morning Trading Week Ahead, as he outlines the markets to monitor from, Indices, Forex, and Commodities, and shares his potential trade ideas for the week for the coming week. JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 18th May 2022! Would you like an update on how the markets have been performing this week? Then Join us this coming Wednesday, at 7PM AEST (10AM BST), as Andrew provides his mid-week Live Market Update. Watch him, as he looks back at his analysis from Monday, and updates you with the moves and developments that have been made. Then shares where he foresees the market heading as we approach the weekend. Register Now Do you need some help summarising the market, or want to trade along side a seasoned trader? If so, this is the perfect opportunity to get the help and support you need. As usual there will be a live Q&A at the end of the session, for you and the rest of the Trade Zone community to ask Andrew Lockwood any trade-related questions you may have. So if you are not sure about the reasons behind any of the movements in the market, or you would like to know more about a particular asset or pair? Then this is the place to come to get the answers you need. So join us on the Trade Zone this week, and as always, please remember to trade safely! The post Trade Zone Week Ahead: Begin Your Week with Real-time Insight from Andrew Lockwood appeared first on Eightcap.
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee

8 eightcap 8 eightcap 24.05.2022 22:00
Welcome trader, property investor, and bestselling author Stuart McPhee as he delivers his first Trading Week Ahead Live of June. Join him this coming Monday, as he starts the week by summarising the state of the markets in Forex, Indices, and Commodities. Then shares his perspective on potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 1st June 2022! Would like you to receive more support and guidance around your trading activity? Then Join Stuart and the rest of the Trade Zone community this coming Wednesday at 7PM AEST (10AM BST). Watch as he gives you his first mid-week Live Market Update of the Month. Revisiting the weeks earlier trade ideas from Monday’s Trading week Ahead, Stuart updates his insight about the moves and progression that have been made and shares his beliefs in the market as we approach the weekend. Register Now At the end of the session, there will be a live Q&A for you to ask all your market, strategy, and trade-related questions and get the answers needed to unlock the secrets to trading CFDs. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So join the Eightcap Trade Zone this week as we explore the markets together, and please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 02.06.2022

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 02.06.2022

8 eightcap 8 eightcap 02.06.2022 01:00
Join trader, property investor, and bestselling author Stuart McPhee as he delivers his first Trading Week Ahead Live of June. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 8th June 2022! Would you like help to understand the reasons behind the moves made in this week’s markets? Join Stuart and the rest of the Trade Zone community on Wednesday 8th June, at 7PM AEST (10AM BST). Watch as he gives you his first mid-week Live Market Update of the Month. Revisiting the week’s earlier trade ideas from Monday’s Trading week Ahead, Stuart updates his insight, breaking down the developments and moves made, and predicts what may happen as the weekend approaches. Register Now At the end of the session, there will be an opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Get the answers needed to trade CFDs. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 06.06.2022

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 06.06.2022

8 eightcap 8 eightcap 05.06.2022 20:00
Join trader, property investor, and bestselling author Stuart McPhee as he delivers his first Trading Week Ahead Live of June. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week. JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 8th June 2022! Would you like help to understand the reasons behind the moves made in this week’s markets? Join Stuart and the rest of the Trade Zone community on Wednesday 8th June, at 7PM AEST (10AM BST). Watch as he gives you his first mid-week Live Market Update of the Month. Revisiting the week’s earlier trade ideas from Monday’s Trading week Ahead, Stuart updates his insight, breaking down the developments and moves made, and predicts what may happen as the weekend approaches. Register Now At the end of the session, there will be an opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Get the answers needed to trade CFDs. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 09.06.2022

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 09.06.2022

8 eightcap 8 eightcap 09.06.2022 01:30
Join Stuart McPhee, trader, property investor, and bestselling author, as he gives you his Trading Week Ahead Live for the week. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 15th June 2022! Are you tired of analysing the market alone? Would you like to know how the market is taking shape this week? Register for Stuart’s mid-week Live Market Update. Join him on Wednesday 15th June, at 7PM AEST (10AM BST) as he looks back at the earlier market activity and opportunities since his Trading week Ahead. Stuart will then break down the developments and moves made and provide further insight on what may happen as the weekend approaches. Register Now At the end of the session, you will have the opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Learn what you need to trade CFDs safely. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trading Week Ahead Live with Stuart McPhee

Trading Week Ahead Live with Stuart McPhee

8 eightcap 8 eightcap 12.06.2022 00:30
Join Stuart McPhee, trader, property investor, and bestselling author, as he gives you his Trading Week Ahead Live for the week. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 15th June 2022! Are you tired of analysing the market alone? Would you like to know how the market is taking shape this week? Register for Stuart’s mid-week Live Market Update. Join him on Wednesday 15th June, at 7PM AEST (10AM BST) as he looks back at the earlier market activity and opportunities since his Trading week Ahead. Stuart will then break down the developments and moves made and provide further insight on what may happen as the weekend approaches. Register Now At the end of the session, you will have the opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Learn what you need to trade CFDs safely. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trading Week Ahead Live with Stuart McPhee appeared first on Eightcap.