Crypto investing can get a little serious sometimes, so I thought we could have a bit of fun today! Teach me your ways that I may learn, oh wise ones! I want to know your secret Crypto investment strategy! But here’s the catch, you have to tell me in 5 words or less Let’s see…
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Is there a good reliable mobile Ravencoin app out there? submitted by /u/pure213 [link] [comments]
FTX is teaming up with Dolphin Entertainment to create an NFT marketplace that will target brands within sectors such as sports, entertainment, gaming, esports, and charity.
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering […]
It’s the calm before the storm. What to do when the Fear and Greed index turns grey? Warren Buffett already told us to be greedy when others are fearful. We already know that we should be fearful when others are greedy. What should we do when the market it’s at a rare state of balance and expectations are high? We should probably take a page for those Bitcoin maximalists and… wait for it… HODL! One of the main criticisms that the Fear and Greed Index gets is that it encourages traders and investors to try to time the market instead of holding strong. Bad things happen to those who try to time the market. Yet, we try to do it. The temptation is too strong. Bad things happen to those who trade emotionally. Yet, some fall for that trap over and over again. In fact, it could be argued that the Bitcoin and cryptocurrencies markets are even more emotional than the traditional ones. And that’s saying a lot. In any case, before making any rash decisions, we should remember what we’re talking about here. The Fear & Greed Index goes into neutral territory | Source: Arcane Research What Exactly Is The Fear And Greed Index? We at NewsBTC deal with this constantly. Even though the Fear and Greed Index is a criticized and questionable indicator, there’s an undeniable connection to the market that’s obvious even to the casual observer. When we found a bizarre correlation between the Fear & Greed Index and UTXO data, we prefaced it with: “As a speculative asset, nothing else quite behaves like Bitcoin. Shifts in sentiment take price action to the extreme. As a result, tools have been developed to monitor the fear or greed in the market.” The website Alternative.me calculates the main Fear And Greed Index for cryptocurrency markets, they explain its reason to be as: The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction. We, very simply, explained why when we described how the Fear And Greed Index can be used as a trigger indicator: “Financial market sentiment can almost always be used as a contrarian indicator. But in a speculation driven industry where hype and buzz matter more than fundamentals, this is even more true.” BTC price chart on Bitstamp | Source: BTC/USD on TradingView.com What Does It Mean When The Sentiment Turns Neutral After what seemed like years of coldness and extreme fear, the market sentiment started improving as early as a week ago. And, even though it doesn’t feel that way, this advance into neutral territory is a huge improvement. As Arcane Research said in their “The Weekly Update” report: “The Fear & Greed Index has climbed rapidly since late July and touched neutral levels for the first time since May. Despite the slight decline in the last couple of days, the market is certainly getting more bullish. This bullishness is also evident in the futures market.” So, what should you do now that the sentiment turned neutral? Not much. Keep your finger on the trigger, though. Things are about to get interesting. Featured Image by Kristopher Roller on Unsplash – Charts by TradingView
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Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021.
Ethereum failed to recover above the $2,500 resistance against the US Dollar. ETH price could accelerate its decline if it fails to stay above the $2,440 support. Ethereum traded below the $2,550 and $2,500 support levels. The price is now trading just below $2,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower below the $2,440 support zone in the near term. Ethereum Price Could Extend Losses Ethereum started a fresh decline from well above $2,600. ETH price broke the key $2,550 support level, similar to bitcoin near $40,000. The price even broke the $2,500 support level to enter a short-term bearish zone. The price is now trading just below $2,500 and the 100 hourly simple moving average. The recent low was formed near $2,444 before the price attempted a minor upside correction. There was a break above the $2,500 level. Ether recovered above the 23.6% Fib retracement level of the recent decline from the $2,668 swing low to $2,444 low. However, the bears were active near the $2,550 resistance zone. The next key resistance is near the $2,555 level. It is close to the 50% Fib retracement level of the recent decline from the $2,668 swing low to $2,444 low. There is also a key bearish trend line forming with resistance near $2,580 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com A clear break and close above the $2,550 and $2,580 resistance levels might start a decent increase. In the stated case, the price could revisit the $2,700 level. More Losses in ETH? If ethereum fails to recover above the $2,550 and $2,580 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,465 level. The next major support is near the $2,440 level. A clear downside break below the $2,440 support level might accelerate losses. In the stated case, the price could easily test $2,400. The next major support could be near the $2,330 level, where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,440 Major Resistance Level – $2,550
PRESS RELEASE. Singapore, August 3, 2021 – Binance, the world’s largest crypto exchange, has partnered with crypto-fiat hybrid payment solutions provider Alchemy Pay to build a payment bridge between crypto and fiat through the Binance Pay wallet. Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Launched as […]
