Jump to content

What happened to crypto markets?


Recommended Posts

9 hours ago, rhyda said:

They're closed and next candle says 16th of May, we wasn't warned about the market closing, I've got positions open...

IG shuts down all the platforms every Friday evening (UK time) for platform updates and maintenance and opens again Saturday morning for crypto.

Link to comment
12 hours ago, Caseynotes said:

you really need a price line each for bid and ask on crypto charts;

always a bit of  a shock seeing minus 36 points on entry 😳

image.thumb.png.b2cf3ba721af4f037000de6ff077a82b.png

 

Some really juicy action going on with Bitcoin this weekend :D 

Link to comment
6 minutes ago, dmedin said:

82% of IG clients long Bitcoin, bound to be a lot of 'long squeezing' before the price inevitably shoots up again :D

BTC has gone very illiquid approaching the halving event (the 210,000 block expected to be layed down tomorrow). So price may well fly about for a while before settling down.

  • Great! 1
Link to comment
  • 11 months later...
  • 4 weeks later...
On 11/05/2020 at 18:25, Caseynotes said:

16m

 

#BitcoinBitcoin_2020.png halving is expected today at around 8-9PM BST. The price has been volatile ahead of the event. #trading #Crypto bit.ly/2xRSRgl

 

Do you actually know this news was fake? Like honestly, it was. It actually went down, but it didn't half it. Do you remember the free crypto signals page (from cryptoinformator) when they also predicted it at that time? In fact, that's even why I use them for these signals. It's been long tho honestly. It's even about a year when this was said, and your post is exactly one year now; wow. Now you see people buying and investing in mostly Ethereum and dogecoin, which I also invest in both of them. one thing about them is that they cant give you headaches like bitcoin, lol. they don't fluctuate rapidly said this

Link to comment
1 hour ago, adamspike said:

 

Do you actually know this news was fake? Like honestly, it was. It actually went down, but it didn't half it. Do you remember the free crypto signals page when they also predicted it at that time? In fact, that's even why I use them for these signals. It's been long tho honestly. It's even about a year when this was said, and your post is exactly one year now; wow. Now you see people buying and investing in mostly Ethereum and dogecoin, which I also invest in both of them. one thing about them is that they cant give you headaches like bitcoin, lol. they don't fluctuate rapidly said this

suggestions?

Link to comment
Guest Kishore123

It will get loss in 1 week and they will reach back to more profit after 1 month . So only Bitcoins rate are becoming less and high

Link to comment
  • 1 year later...

A cryptocurrency exchange is a platform where one digital currency is traded and exchanged for another or for different world currencies, including dollars, euros, rubles and yuan. In addition to mining, the original way to create cryptocurrencies, exchanges are considered one of the ways to get them.

Cryptocurrency exchanges is a kind of analogue of trading ones, such as, for example, Forex. Each participant, investing real money, has the right to perform operations related to the analysis of rates, receive signals, engage in the sale and exchange of bitcoins and other popular types of currencies for real money.

Analyzing the activity of a cryptocurrency exchange, two areas can be distinguished - trading and exchange. For example, you want to get crypto money at a favorable rate, and exchanges are just perfect for this. There are users who even store their “hard money” on such resources, using them as a kind of wallet. However, seasoned experts do not advise doing this, since exchanges, although rarely, go to scam. The most important function of the exchange is the sale of currency pairs, which brings enormous income to traders.

Link to comment
  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • SPOT Elliott Wave Analysis Trading Lounge Daily Chart, Spotify Technology S.A., (SPOT) Daily Chart SPOT Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 5. DIRECTION: Upside in Minor 5   DETAILS: Looking for start moving higher after trading around TL3 at 300$. Looking for further upside towards at least the end of MG2 at 330$.   SPOT Elliott Wave Analysis Trading Lounge 4Hr Chart, Spotify Technology S.A., (SPOT) 4Hr Chart SPOT Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 5. DIRECTION: Upside in Minor 5   DETAILS: Looking for a triangle in 4 to be completed. There is a possibility we just completed wave {iv} and not 4, as equality of  Minor 3 vs. 1 stands at 340$.     Welcome to our latest Elliott Wave analysis for Spotify Technology S.A. (SPOT). In this report, we provide a detailed examination of SPOT's price movements and future projections using the Elliott Wave Theory. This analysis will cover both the daily and 4-hour charts, offering insights into the current trends and potential trading opportunities. Whether you are a seasoned trader or a market enthusiast, this analysis aims to enhance your understanding of SPOT's market behavior.   * SPOT Elliott Wave Technical Analysis – Daily Chart* In our latest Elliott Wave analysis of Spotify Technology S.A. (SPOT), we observe a bullish trend with an impulsive structure. Currently positioned at Minor wave 5, SPOT is gearing up for an upside move in Minor 5. After trading around Trading Level 3 (TL3) at $300, we anticipate further upside towards at least the end of Major Group 2 (MG2) at $330. Traders should be prepared for a potential continuation of the upward trend as the market gains momentum.   * SPOT Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, SPOT is also exhibiting an impulsive mode within a motive structure, specifically positioned in Minor wave 5. We are looking for the completion of a triangle in wave 4. However, there is a possibility that we have just completed wave {iv} instead of 4, with the equality of Minor wave 3 vs. 1 standing at $340. This scenario suggests further upside potential as SPOT continues to move higher in wave 5.   Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!  
    • The anticipated drop in UK's CPI data for April is a key determinant for a potential interest rate cut in June by the Bank of England.   Source: Getty Images   Forex Shares Consumer price index Pound sterling Market trend GBP/USD Written by: Richard Snow | Analyst, DailyFX, Johannesburg   Publication date: Wednesday 22 May 2024 07:14 On Wednesday, the UK's Consumer Price Index (CPI) data is expected to decline for both headline and core measures. Consensus estimates project the headline measure dropping significantly from 3.2% to 2.1%. This lofty expectation could lead to market disappointment if the figures come in higher than anticipated. Even a small miss to the upside would still represent substantial progress. Economic calendar   Source: DailyFX In April of last year, services inflation re-accelerated more than expected, continuing into May and June, prompting the Bank of England to raise interest rates during its June 2023 meeting. However, this year’s guidance suggests that the data may be less extreme due to generally lower headline prices. Services prices, often index-linked to headline prices, are not expected to pass through as significantly as in 2023. UK Services CPI Year-on-Year Change (April -July)   Source: Refinitiv A UK inflation print that meets or undershoots expectations could catalyse bearish sentiment for sterling, particularly given the waning GBP/USD price action below the 1.2736 level. Given the high inflation expectations, even a slight upside miss might still exert bearish pressure, reflecting the overall progress towards the 2% inflation target. The presence of upper wicks and small candle bodies in GBP/USD charts suggests diminishing bullish momentum, potentially leading to a lower move if catalysed by appropriate data. Should prices cap at 1.2736, a downward movement would remain constructive following a better-than-expected CPI print. The pound has rallied against the dollar since April's lower US CPI print. A short bias would be invalidated at 1.2800, with support and a short target set at 1.2585. GBP/USD daily chart   Source: TradingView Markets currently view a June cut as a 50/50 outcome ahead of UK CPI – enhancing its importance in the lead up to the central bank meeting. A softer CPI print, followed by dovish comments from BoE officials creates an environment where the first rate cut since the hiking cycle may be upon us sooner than expected. However, if inflation fails to match up to the lofty expectations, pricing may reflect a preference for August or even later in the year. Implied rate cuts into year end (in basis points)   Source: Refinitiv       This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
    • The British pound stayed near two-month highs against the US dollar as markets anticipate key UK inflation data, which could impact upcoming Bank of England rate decisions.   Source: Getty Images   Forex Pound sterling Inflation United Kingdom United States dollar GBP/USD IG Analyst     Publication date: Wednesday 22 May 2024 06:13 The British pound held on near two-month highs against the United States dollar on Tuesday ahead of important news on inflation in the former’s home country due in the next session. Official Consumer Price Index data for April comes up for release from the United Kingdom on Wednesday, and, if market expectations are met, it’s sure to be a market mover for the pound. The headline rate is tipped to relax to an annualised 2.1%, from the 3.2% seen in March. The ‘core’ rate, which removes the volatile effects of food and fuel prices, is expected to come in at 3.6%, down from the previous month’s 4.2%. Markets think UK rates could start to come down from their inflation-busting peaks quite soon, with a June move by no means off the table even if August is favored. Expectation-matching numbers would probably keep that hope alive. Central bank decisions and market sentiment The Bank of England will next set rates on 20 June, and will see May’s inflation figures only a day before. Clearly, any surprise price weakness on Wednesday could increase market certainty that June will be the month and might reduce Sterling’s appeal. The day will also bring the release of minutes from the Federal Reserve’s 1 May policy meeting. However, given the numerous opportunities to hear from Fed rate-setters since then and many more scheduled this week, these minutes may have been overtaken by subsequent events and may offer limited new trading cues. Sterling has gained steadily on the dollar since April, thanks to some better news out of the UK economy and a general revival in risk appetite. Monetary policy comparisons still favor the greenback, however, with US borrowing costs likely to remain ‘higher for longer.’It’s not a stretch to worry that sterling might look a little overextended now. GBP/USD technical analysis Sterling has added nearly five US cents since it bounced back in late April. The previously dominant downtrend line from the peak of March 7 has been overcome by Sterling bulls whose next hurdle is March 20’s peak of 1.27884. If they can consolidate around that, then the psychological resistance of 1.28 will come into play. Given GBP/USD’s sharp recent rise, it is perhaps a little surprising that the pair’s Relative Strength Index doesn’t more forcibly suggest overbuying. But it remains quite a way below the 70.00 level which would ring alarm bells. Still, the rally looks overextended nevertheless, and IG’s own data suggests most traders are bearish at current levels. This need not mean a new downtrend is imminent, but it probably means that upside progress from current levels will be hard-won and subject to longer pauses for breath. GBP/USD daily chart   Source: TradingView       This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
×
×
  • Create New...
us