Momentum

If Bitcoin Hits $8K, What Will Happen Next?

Source Node: https://cointelegraph.com/news/if-bitcoin-hits-8k-what-will-happen-next
Time Stamp: April 9, 2020 12:48 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed in on Bitcoin’s short term and long term future in Cointelegraph’s latest crypto market discussion video.Will Bitcoin Make it

Algorithmic Trading Strategies, Explained

Source Node: https://cointelegraph.com/explained/algorithmic-trading-strategies-explained
Time Stamp: April 9, 2020 11:15 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Momentum trading is based around the logic that if a predominant trend is already visible in the market, then that trend is plausibly going to continue at least until signals begin to come in that it has ended. The idea with momentum trading is that if a certain asset has been moving primarily in one direction for, say, several months, then we can safely assume this trend will continue, at least until data starts to show otherwise. Therefore, the plan will be to buy on every dip and lock in

Ethereum Price Analysis: ETH Makes Sharp Rise, Faces $175 Resistance

Source Node: https://coinfomania.com/ethereum-makes-sharp-rise-faces-175/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-makes-sharp-rise-faces-175
Time Stamp: April 9, 2020 10:53 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Key Highlights Ethereum has risen to $175 but faces resistance Ether will rally above $200 if the resistance line is breached Ethereum (ETH) Current Statistics The current price: $169.62 Market Capitalization: $18,623,402,337 Trading Volume: $14,698,755,099 Major Resistance Zones: $175, $200, $225 Major Support Zones: $125, $100, $75 ETH Price Analysis April 09, 2020 Ethereum has moved up to a high of $175 after a rebound at the low above $140. Ether was earlier in a tight consolidation between $120 and $140. It faces rejection at $145 any time it rises