Posts

05 10 2022. BITCOIN ANALYSIS STEPS

Image
HOW TO ANALYSE BITCOIN CHARTS Some times we get so intimidated when we see a chart like this and we wonder how to analyze such a chart to know when to buy and sell. Remember that the goal of trading is to buy low and sell high consistently over time. This involves buying an assets when its at a discount. Areas of discounts are when an asset is at an over bought area, and oversold area and a pull back area.   To get to know this areas on your chart you need to understand the market structure of the chart you are analyzing  using leading techniques like  chart patterns:(continuation and reversal patterns), candle stick patterns, wave analysis, price action (higher highs, higher lows, lower highs lower low, close of candle stick, sentiments found in the body and wick of the candle stick), support and resistance zone, demand and supply areas (swing high and swing low points). You can also use secondary graphical indicators like the volume profile, Fibonac
1 comment
Read more

Interest rates much more likely to increase as Federal Reserve Chair Jerome Powell signals more hikes ahead

Image
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would  bring some pain.  On Wednesday, Americans may get a better sense of how much pain could be in store .   The Fed is expected at its latest meeting to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time. Another hike that large would lift its benchmark rate — which affects many consumer and business loans — to a range of 3% to 3.25%, the highest level in 14 years. The strong impact of this is that there will be lesser funds available for investment in the financial markets causing holders to begin to exist their positions as no new funds are coming into the system. If the interest rates are further increased, we expect to see the crypto market behave like the stock market and tank also as investors pull funds away from  the markets. Savvy investors will begin to
Post a Comment
Read more

BITCOIN TECHNICAL ANALYSIS 2022/09/07

Image
Disclaimer! I am not a financial advisor neither  do i have any insurance fund to trade for clients. My posts are just to educate you on how to trade as a retailer. Remember that trading all financial markets comes with a huge risk with huge return opportunities, the crypto market is no different. Today we will be looking at some ways i come into the market on a daily basis First i head off to yahoo.com and look at their finance section to keep myself updated on the global economics in the world. here i look out for political and regulatory news. Have it deep rooted in your mind that stock and cryptocurrency markets are highly correlated meaning that once the global economics starts to affect the stock markets, expect to see same reaction to the crypto markets. Head to cryptopanic.com to read all  the major news affect crypto directly and gauge the sentiment of the people in relation to the fear or greed index. Check out major indices like S&P, Nasdaq, USD index and your local cur
1 comment
Read more