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After a price correction, a support area results from extending the golden ratio of the last Fibonacci retracement. Also, there are multiple resistance levels, with the price needing to break $73.777 to move higher.
A symmetrical triangle chart pattern has been formed, as it is a period of consolidation before the price is forced to break out or down. A breakdo
China's Securities Regulators Crack Down on Short Selling Amid Stock Market Turmoil
“China regulators urging funds to limit short selling of stock index futures.” Will this move stabilize the market or hinder liquidity?
In the midst of sinking stocks and a volatile market, China’s securities regulators have taken decisive action to restrict short selling in the stock index futures market. This move comes as authorities strive to stabilize the capital markets and instill confidence among investors. The recent plunge of the blue chip CSI300 Index to near five-year lows has promp
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Manta Network Expands Operational Capacity in Asia
Manta Network, a leading modular blockchain for zero-knowledge (ZK) applications, is strategically broadening its influence and operational capacity in Asia, with a specific focus on Korea and Hong Kong. This strategic move is part of the network’s broader vision to invest in and nurture the most prospective regions for its growth and development.
🔸 Strengthening Ties with Korea 🔸 Korea has emerged as a pivotal market for Manta Network. Korean-led projects are currently driving a substantial
SEC just approved the first-ever spot Bitcoin ETFs!
The U.S. Securities and Exchange Commission (SEC) has given the green light to multiple applicants for their pending spot bitcoin exchange-traded funds (ETFs), marking a significant milestone in the digital asset investment landscape. This approval paves the way for the first-ever availability of such products in the U.S. market, signaling a new era for cryptocurrency investment opportunities.
The anticipation surrounding the decision from the U.S. Securities and Exchange Commission (SEC) regar
After a price rise of +25%, a Fibonacci channel has formed, combined with an Ascending triangle. As there are also new Support & Resistance points.
From here, we can conclude the following:
1. At the end of the Ascending triangle, there will be a price break out. 2. The price must break the golden ratio of the Fibonacci channel so that moves to higher levels. 3. We can see a hypothetical price future move from a repeated previous move (Bar Pattern / Fractal) from early November 2023.
It is worth noting that the volume has increased significantly.
How Bitcoin price is expected to react to the introduction of an ETF and the halving event
How the price of Bitcoin $BTC is expected to react to the introduction of an Exchange-Traded Fund (ETF).
Analyzing the Potential Impact of ETF Approval and Halving on Bitcoin's Price
Bitcoin, the pioneering cryptocurrency, has been subject to notable price volatility, attracting attention from both retail and institutional investors. Two pivotal events that could significantly influence the price of Bitcoin are the approval of an Exchange-Traded Fund (ETF) and the halving event. In this analys
How can zero-day attacks be used to steal cryptocurrency?
Zero-day attacks pose a significant threat to the security of cryptocurrency exchanges and wallets. These attacks take advantage of vulnerabilities in software or systems that have not yet been discovered or patched, allowing hackers to gain unauthorized access and control.
The process of a zero-day attack begins with the identification of a vulnerability. Hackers with advanced technical skills scour cryptocurrency platforms and wallet software for flaws that can be exploited. Once they have id
As the bull run continues, a parallel bullish channel has formed. If the price break out this channel, a new TA is needed.
A Rising Wedge has also been formed, where the rule says that is generally a bearish signal as it indicates a possible reversal during an uptrend.
Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
The Support and Resistance areas are also clearly visible. The Support point is quite strong and is based on the Golden ratio extension of the Fibonacci Retracement.
Through a previous repeated movement that has been resized (Bar Pattern), we can assume a future movement of the $BTC price.
“In-kind creation and cash creation both have their benefits”, but which one is better?
Spot Bitcoin ETFs have gained significant attention in recent times as investors seek exposure to the cryptocurrency market through regulated investment vehicles. These ETFs offer a convenient and accessible way for investors to gain exposure to Bitcoin without the complexities of owning and storing the digital asset themselves.
There are two primary methods through which shares of a spot Bitcoin ETF can be created - in-kind creation and cash creation. In an in-kind creation, a participating fi
Kraken faces SEC charges for operating as an unregistered securities exchange
The Securities and Exchange Commission (SEC) has charged Payward Inc. and Payward Ventures Inc., collectively known as Kraken, with operating their cryptocurrency trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has made hundreds of millions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least September 2018.
Kraken is accused of intertwining the traditional services of an exc
Since the price broke the parallel ascending channel, we saw a rise of around 40%.
Currently, the Support level is predicted by the extension of the golden ratio of a Fibonacci Retracement and the Resistance level is at 38K.
Also, an ascending triangle has been formed, where the rule says that since the price entered from below, at the end of the triangle, the price will move up.
From an imprint of a previous movement (Bar Pattern / Fractal) we can theoretically assume a future movement that the price of Bitcoin will follow.