Bitcoin futures trading is becoming more competitive. Two unnamed people familiar with the subject informed Coindesk that Bank of America has begun enabling select clients to buy bitcoin futures. Futures trading has become a significant element of institutional cryptocurrency activity. Large institutional investors may be hesitant to own Bitcoin directly due to...
Options or options contracts are agreements to give the holder the right, but not the obligation, to buy or sell a specific amount of the underlying security at a specified price at or until a defined time in the future. Options are derivative instruments because their value depends on the value of the underlying asset. Further, options are “decaying” assets...
In our last forecast, we correctly anticipated that Natgas will lose some of its strong bullish momentum and make a pullback. In the coming week, we foresee the price to make a fake breakout and make a new top, before making another pullback. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and...
In our previous analysis, we rightly forecasted that the price will start a bearish move. In the coming week, we foresee the price to make a fake resistance break-out before falling towards the support level. Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level....
In our previous forecast, we anticipated Gold to reach the resistance area and resume the bearish trend. Instead, the price ranged the whole week. In the coming week, we are expecting Gold to depreciate and reach the support level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should...
Last week, we rightly anticipated that the British Pound will start a bullish move that has the potential to reach the resistance area. For this week, we incline towards a continuation of the small bullish momentum that started and we expect the price to increase in the course of this week. Trade with care. Best regards, Financial Flagship ...
In our past analysis, we correctly forecasted EURUSD to start a bullish move. This happened after the price made a new lower low. For this week, we expect the price to reach the confluence between the trendline and the resistance. After that, in the coming weeks, we expect the price to lose value and break the $1.17 low. Trade with care. Best regards, Financial...
Last week, we correctly anticipated Copper to start a correction that will push the price towards the resistance level. In the coming days, we are expecting the price to slightly break the resistance area, followed by a reversal that can reach the support area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is...
Last week, we correctly anticipated that the price will hit the small support area. For next week, we expect the barrel price to reach new yearly highs. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start...
Last week, the pair gained more bullish momentum and increased, despite our forecast in which we expected the price to reach the liquidity pool before resuming the uptrend. For this week we expect the price to lose some momentum until it reaches the confluence between the support and the trendline. After that, we anticipate the bullish momentum to return. Trade...
Last week, we expected the Australian Dollar to reach the orange trendline. Instead, it made a new lower low and it is now looking like it will make a short-term reversal In the coming week, we anticipate that the price will make a small consolidation and make an attempt and reach the resistance area. Trade with care. Best regards, Financial Flagship ...
In our previous outlook, we correctly forecasted USDJPY to drop towards the support level. The price started a corrective pattern that looks like it will unfold into a running or expanding flat. For next week, we expect the price to make a consolidation, followed by further bearish continuation until it will reach the support level highlighted on the chart. Trade...
Uniswap is a well-known decentralized trading system that helps automate the trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading...
The number of Litecoin transactions is slightly under 75% of the number of Bitcoin transactions, according to data gathered by @MASTERBTCLTC. More significantly, @MASTERBTCLTC suggests this could be the start of an uptrend leading to a flippening in transaction count sometime this year. Even though Litecoin is a Bitcoin fork, it differs in terms of its hashing...
Goldman Sachs named Ethereum as the blockchain with the most real-world use cases in a letter to its customers on Tuesday. Ethereum, according to the company, may soon rule the digital market. Goldman Sachs observed that most people now prefer using Ethereum’s smart contracts due to ETH’s increasing popularity. This situation may lead to Ethereum overtaking...
Since no recent news concerning the Ripple versus SEC case has been shared with the XRP community, Twitter user Martin Valk has addressed the XRP community members who typically do this, wondering whether this implies that the litigation between Ripple and the regulator would now be conducted behind closed doors. The Ripple financial service provider has sent a...
Square CEO Jack Dorsey stated on July 9th that the payments company aims to create a Bitcoin hardware wallet via Twitter (his other company). Jesse Dorogusker, Square's head of product development, initially announced the company's decision to "create a hardware wallet and service to make bitcoin custody more popular." "We're doing it," Dorsey said in a...
In our last forecast, we expected Natgas to lose some of its strong bullish momentum. Instead, the price continued to rise aggressively. In the coming week, we foresee the price to correct towards the small support area, before resuming the strong bullish momentum. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided...