Traders

Bitcoin Traders’ Outlook Is So Bleak That Some Analysts See Buying Opportunity

Bitcoin Traders’ Outlook Is So Bleak That Some Analysts See Buying Opportunity

Alex Thorn, crypto firm Galaxy Digital Group’s head of research, argued that even if a further crash was in the cards, traders who bought BTC in similarly grim occasions in bitcoin’s history could return a profit within as soon as a month. If the largest cryptocurrency were to suddenly sell off, he pegs $17,000 as …

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Chainlink traders should look for this crossover before going long

Chainlink traders should look for this crossover before going long

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chainlink’s [LINK] previous movements revitalized the bearishness while it saw a volatile plunge below the Point of Control (POC, red). As a result, LINK fell to retest the $6.1 zone before marking an impressive …

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Algorand traders can leverage this support level for short-term gains

Algorand traders can leverage this support level for short-term gains

Algorand [ALGO] bulls finally found recovering opportunities in the $0.28-zone. The altcoin rose from the ashes of its multi-monthly lows over the last two weeks. The 38.2% and the 61.8% resistance levels have constrained the buying rallies over the last few weeks. The buyers could now aim to break above the reversal pattern. At press …

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Hedera traders should know this about HBAR's performance

Hedera traders should know this about HBAR’s performance

Hedera [HBAR] is a proof-of-stake (PoS) public network powered by a hashgraph consensus algorithm. In a new report by Messari, the blockchain data analytics firm noted that while registering some declines, the Hedera blockchain also made significant strides last quarter as compared to its performance in the first quarter of the year.  A decline in …

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Chainlink traders looking to solidify positions should know that LINK...

Chainlink traders looking to solidify positions should know that LINK…

Chainlink, a widely used oracle network, has recorded tremendous growth in the first half of this year. According to a report on the platform’s performance in the last quarter, Chainlink informed its users that the network grew to support over 1000 decentralized oracle networks and powered over 1350 projects housed across more than 12 different …

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Dogecoin: With v1.14.6. upgrade, traders should know that DOGE has...

Dogecoin: With v1.14.6. upgrade, traders should know that DOGE has…

Commonly viewed as a mere joke and popularly dubbed as a ‘meme-coin,’ the core developers of Dogecoin are set to change the narrative with the launch of the new Dogecoin update, v1.14.6. The GitHub link that contains the checklist of what is to be achieved with the proposed v1.14.6 update to the network was circulated …

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What Ethereum Classic [ETC] traders must be wary of before entering a position

What Ethereum Classic [ETC] traders must be wary of before entering a position

Ethereum Classic [ETC] has been on a gradual revival phase after rebounding from its year-long support near the $17-mark. Post the previous liquidations, the altcoin flipped its 15-month support to resistance (white). ETC’s recent jump above the 20 EMA (red) and the 50 MEA (cyan) has reflected an uptick in buying pressure. A bounce-back from …

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Shiba Inu [SHIB]: Why traders should wait for this before placing long bets

Shiba Inu [SHIB]: Why traders should wait for this before placing long bets

Despite its recent falling wedge breakout, Shiba Inu (SHIB) buyers failed to flip the bearish narrative owing to the coin’s very high correlation with Bitcoin. Since rebounding from the 61.8% Fibonacci level, the month-long trendline resistance (yellow, dashed) has curbed the potential of buying rallies. While the current setup exhibited a bearish edge, a close …

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Intuit chief says cryptocurrency traders had difficult tax season: Bloomberg

Intuit chief says cryptocurrency traders had difficult tax season: Bloomberg

advertisement Intuit Chief Executive Officer Sasan Goodarzi said his prediction that crypto investors would encounter surprise obligations this tax season proved to be true, Bloomberg reported. Many crypto investors “have piles of documents that include all of their trading,” Goodarzi told Bloomberg earlier this week. “Not being able to make heads or tails out of …

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