Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 30, 2019. The text below is an excerpt and does not contain the full analysis. A $5 million fund has now been set up in the United States for what is being dubbed the…
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Crypto analysts are a happy lot these days. It is decidedly more fun arguing over how high Bitcoin can go, rather than defending the crypto leader amongst a rabid group of critics. Bitcoin’s meteoric rise has been a thing of beauty, yielding ample opportunities for the use of technical analysis (TA) to justify its current…
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Russia continues to be all over the map when it comes to committing to a single crypto path for the future. Reports from so-called insiders have suggested that the government had been moving towards a central bank controlled digital currency, which Vladimir Putin supposedly approved as a way to settle with Iran and avoid sanctions,…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 28, 2019. The text below is an excerpt and does not contain the full analysis. The stock market is shrinking!! According to researchers at Citigroup, the US stock market has dwindled by a total…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 27, 2019. The text below is an excerpt and does not contain the full analysis. Traditional Markets Today is a bank holiday in the UK and in the USA. So volumes are likely to…
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Crypto enthusiasts are always predicting a tsunami of capital inflows, as soon as institutional investors jump on board the crypto train. Many analysts have researched traffic and blockchain addresses in several ways to determine if the “fingerprint” of an institutional player is already present, and possibly not in a small way, in Crypto-Land. It is…
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As has been the case many times over in recent months, Bitcoin analysts are in a quandary about what will happen next. There is firm agreement that nearly a dozen fundamental factors are converging in such a way as to create a “Perfect Storm” of sorts, the reason many use to explain Bitcoin’s “parabolic” trend…
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Another week has passed, and Bitcoin, despite an isolated attempt to bring it down to its knees, has refused to throw in the towel and capitulate. Almost as an act of defiance to its critics, the oldest and largest cryptocurrency rebounded from the depths, roughly $7,000, but as low as $6,400 on a few low…
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The recent meteoric rise of Bitcoin has confounded the experts, who rely on their technical charts and the messages that result from their favorite indicators, trend lines, and levels of support and resistance. Bitcoin, however, is marching to the beat of a different drummer, driving the analyst community to question everything and to slice and…
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The Crypto-verse is multi-faceted, with several moving parts and just as many active participants in the current Bitcoin phenomenon. Yes, BTC is not the only token that has been rising quickly, but when you take into account that Bitcoin’s share of the market has risen from 50.5% in March to 56.1% at current prices, you…
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