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10/06/21 10:53
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Overnight in Asia, stock markets experienced a mixed trading session. The rebound in Chinese industrial profits provided some relief, but this was partially offset by a subdued handover from Wall Street. Australian CPI was also stronger than expected, dampening sentiment on fears that the RBA may have to raise rates again. Moving on to Europe, equity futures indicate a quiet open. In the US, the Senate voted to clear a procedural hurdle for the bipartisan bill aimed at avoiding a government shutdown. House Minority Leader Kevin McCarthy has indicated that a stopgap funding bill will be brought to the House floor on Friday. US durable goods orders are the main event of the session. -
I have seen several people leaving their daily jobs to enter into cryptocurrency because they think it's a place where fast money can be made lol. Some people have done it and Excel but that doesn't mean what works for Mr A will work for Mr B. @cryptorovers is an example of a successful crypto enthusiasts who left his McDonald's job in 2016 to become a full time crypto investor but several people have also tried that and got lost. Getting into new business or opportunity can be dilusional atimes, I could remember when I got into crypto few years back, my popular slang was WAGMI meaning we are all gonna make it together but is that actually true? Of course it isn't. Becoming a crypto Millionare requires a lot. Take for instance, Ben Amstrong popular called Bit boy crypto, aside the fact that he's an early investor in Bitcoin, he has a YouTube channel with over 1.5 Million subscribers and over 1M followers on Twitter where he shares crypto news update, market trends, technical analysis and other new innovations in the world of crypto and blockchain technology across his SNS which has earned him recognition and influence. It is true that when you create influence, money will flow in, no wonder he's now worth around $8M. Embracing cryptocurrency is not a sure way to financial stability. As a matter of fact, it could lead to severe financial loss if one do not do his own research well. To succeed in this space, one must be knowledgeable enough. It's a common parable that people wants to follow who knows the way. Know when opportunities knocks at the door, be patient, remember it took Bitboy almost a decade to hit a million dollar from his BTC holdings. . Are there other ways you think one could explore or apply to succeed or be financially stable in the crypto space? please feel free to share. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 27 September 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave((C)) Direction Next higher Degrees: wave II of Motive Wave Cancel invalid level: 28167.47 Details: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83 Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overview is still in a downtrend, as the price is below MA200 and wave C is not complete The price has a trend move to 23214.83 which is a 138.2% level of wave A Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is abelow the MA200 indicating a downtrend, RSI is a Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4H Chart, 27 September 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triangle Position: Wave 4 Direction Next higher Degrees: wave ((C)) of Flat Wave Cancel invalid level: 28167.47 Details: we are still missing two moves for a triangle to be complete Bitcoin/U.S. dollar(BTCUSD) Trading Strategy: The retest is at MA200 and the price make is a higher low, indicate that the Buyer is weak, so we looking for turning down below 24612 Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bullish momentum.
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