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Edge of Glory: Key Bitcoin Indicator Just Approached a Critical Level

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Bitcoin’s sideways trading that was first sparked by its rejection at $7,300 has extended through today, with the cryptocurrency firmly caught within the upper-$6,000 region as its bulls and bears both reach a firm impasse. In the near-term, analysts are noting that the cryptocurrency could be on the “edge of glory” if it is able to surmount one key technical level, but firm resistance may make bull’s attempt to boost it futile. Sellers may also be bolstered by a recent EMA bear cross on the cryptocurrency’s weekly chart, a formation that could force the crypto significantly lower and stifle any bullish undercurrents that have been established. Bitcoin Caught Within Firm Bout of Consolidation as it Pushes Against Key Technical Level  At the time of writing, … [Read More...]

The psychology of COVID-19 – P.M. News

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CoronavirusBy Reuben AbatiNigeria announced its first COVID-19 case on February 27 – an Italian who came into the country on February 24 and displayed symptoms of the disease while visiting Lafarge Cement Company in Ewekoro, Ogun State. He has been treated and discharged. Since then Nigeria has recorded a total of 111 cases, as at […] [Read More...]

The U.S. Dollar is Dying, Buy Bitcoin: “Rich Dad Poor Dad” Author

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The past few weeks have undoubtedly been rough for crypto; from the February highs, Bitcoin has fallen 36%, reaching a low of $3,800 in March. Robert Kiyosaki, the author of the popular financial book “Rich Dad Poor Dad,” sees no reason to fear, though. In fact, the well-known investor recently went as far as to say that it’s time to drop dollars for Bitcoin and other hard money. Related Reading: Last Time This Signal Flashed, Crypto Rallied By 50%. It’s Back Again Sell Dollars, Buy Bitcoin: Robert Kiyosaki In a recent tweet, Kiyosaki explained that with the Fed “counterfeiting […] trillions of fake dollars – $82 billion a month to $125 billion a day” and interest rates at 0%, it makes sense to … [Read More...]

The Most Important Chart For Understanding Coronavirus

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Whitney Tilson’s email to investors discussing the best chart EVER on how the coronavirus developed in Chinaand the implications for us; What happens after big first-quarter declines?; Luckin Coffee collapses.Q4 2019 hedge fund letters, conferences and moreHow The Coronavirus Developed In China1) STOP THE PRESSES!The chart below, which shows how the coronavirusdeveloped in China, may […] [Read More...]

Bitcoin Showing Signs of Weakness But 100 SMA Can Trigger New Rally

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Bitcoin is struggling to gain momentum above the key $7,000 resistance against the US Dollar. BTC is likely to surge past $7,000 as long as it is above $6,400 and the 100 SMA (H4). Bitcoin price is currently showing a few bearish signs below the $7,000 resistance area. There is a strong support forming above $6,400 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support at $6,425 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could make another attempt to surpass the $7,000 and $7,200 resistance levels in the near term. Bitcoin is Holding Crucial Support This past week, bitcoin traded higher above the $6,400 and $6,500 resistance levels against the US … [Read More...]

Daily Discussion, April 05, 2020

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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. submitted by /u/rBitcoinMod [link] [comments] [Read More...]

Dalls Fed President Robert Kaplan: Expect a severe economic contraction in the Q2

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CNBC transcript: Dallas Fed President Robert Kaplan Speaks with CNBC’s Steve Liesman on “Squawk on the Street” today on expecting a severe economic contraction in the second quarterFrom CNBC’s “Squawk on the Street”Q4 2019 hedge fund letters, conferences and moreDallas Fed president: Expect a severe economic contraction in the second quarterSTEVE LIESMAN: Yeah. Maybe the […] [Read More...]

Ethereum Breaking This Crucial Support Could Spark a Sharp Decline

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Ethereum is struggling to gain bullish momentum above the $145 resistance against the US Dollar, similar to bitcoin. ETH price must stay above the $140 support area to remain in an uptrend. ETH price is currently facing a strong resistance near $145 and $150 against the US Dollar. There is a crucial support forming near the $140 level and the 100 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either rally sharply above $145 or it might start a solid decline below $140. Ethereum Price Trading Near Key Juncture This past week, Ethereum climbed higher nicely above the $130 and $135 resistance levels against the US … [Read More...]

A global coalition to accelerate COVID-19 clinical research in low income countries

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To accelerate COVID-19 related clinical research, especially in resource- limited settings, the Lancet has announced a global coalition of a number of scientists, doctors, policy makers, academia and funders from over 70 institutions across 30 countries. The global pandemic getting out of hands is the biggest fear and horror that has overwhelmed the entire world. […] [Read More...]

This Crypto May Explode as it Flirts with a Massive Demand Zone

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Throughout most of 2019 and the early months of 2020, Tezos incurred some immense bullishness that allowed it to post massive gains, with the crypto setting fresh all-time highs just a couple of months ago when its bullishness reached a boiling point. It is important to note that although much of this bullishness was invalidated by the decline seen throughout March, XTZ is now reaching a notable demand zone that could lead it to rally significantly higher in the days and weeks ahead. As for how high this could send the crypto, one analyst believes that it will see especially notable gains against its Bitcoin trading pair, potentially allowing it to climb 20% or more. Tezos Reaches Key Demand Zone as Analysts Watch for an Explosive Reaction  At … [Read More...]

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