The dollar index’s weekly chart is painting a pretty ominous picture for Bitcoin bulls. The 50-week simple moving average (SMA) is about to cross below the 200-week CMA, creating a death cross. As a technical pattern, this is a classic indicator of continued downside in the underlying asset.The dollar index...
Retaking the Dollar Index (DXY) 106 level would shift momentum back towards the greenback, a move traders across the world—especially crypto traders—are continuing to watch. Eleanor Brooks, a veteran blockchain researcher, has been watching for an unusual inverse pattern to develop on the DXY’s weekly chart. She calls it a...
Now DXY is also flashing a death cross, and the Bitcoin bulls are popping champagne. Hold on a minute. So before you refinance your home to purchase additional crypto, allow us to bring some healthy dose of reality to the discussion. Sure, as Mark Twain noted, history may often rhyme,...
So you’ve decided that a weakening dollar is going to be your path to Bitcoin billionaires. I know, you’re looking at that DXY “death cross” approaching and you’re imagining Lambo orders and early retirement. Wait just a second, particularly if you happen to be seated in Southeast Asia. That death...
Okay, Southeast Asia, listen up! You've seen the headlines: Bitcoin's taken a nosedive. Below $80,000? Then $75,000? Now, we're staring down the barrel of a death cross… and I'm not talking about some cheesy horror flick. Because this is not a game, it’s real life, with very real consequences to...
The United States Senate recently convened a hearing on the growing universe of cryptocurrency. In doing so, they highlighted the desperate need for regulation in this emerging frontier. Here are some of the most important highlights that emerged through the conversations. They each noted the challenges, opportunities, and possible future...
The market of cryptocurrency day trading is a whirlwind, chaotic and always on the move. Quick reflexes, and even quicker algorithms. Thanks to new, advanced AI tools such as ChatGPT and Grok, traders are experiencing the most powerful insight and automation they’ve ever seen. Kwame Nkosi, a blockchain commentator, balances...
Let’s face it, the crypto community can’t resist an exciting hype train. Right now, the AI-powered trading locomotive is barreling down the tracks, with Grok and ChatGPT as its star conductors. Well before you decide to mortgage your home and give Uber all your assets, let’s slow down a moment...
You know, sometimes I feel like I'm watching a rerun of an old movie, only this time, it's playing out in the halls of Congress. The Senate Banking Committee’s recent hearing on the need for comprehensive crypto regulation. It was a bit like a Broadway show. Rather than earnestly seeking...
The recent Senate Banking Committee hearing on regulating the crypto space? If I’m being truthful, it was more like seeing a train wreck go down in slow motion. While senators debated the nuances of defining a digital asset – is it a security, a commodity, or something else entirely? –...
Forget about Wall Street, the exciting disruptor in crypto day trading is cooking up in the crowded streets of Southeast Asia. I'm not talking about hedge fund managers with Bloomberg terminals; I'm talking about the everyday person – the small business owner in Jakarta, the student in Kuala Lumpur, the...
AI tools such as Grok are quickly becoming indispensable tools for crypto traders. They serve as a guide for traders to understand the volatility and nuances of the market. These platforms help traders cut through the noise, gain early sentiment alerts, and make informed decisions faster in the 24/7 world...
You think you know stablecoins. Tether, USDC – the usual suspects. Big market caps, widespread adoption. Comforting, right? Wrong. As all eyes are on these titans, a more quiet revolution is in the making. Looking forward to seeing you there! This lack of attention is robbing you of big future...