Erik TA Style And Explanation...
Bearish: Hong Kong-based cryptocurrency exchange OKEx announced that it will delist 50+ trading pairs with low liquidity and trading volume. Reminder: earlier this month, OKEx added support for 4 new stablecoins pegged to the U.S. dollar: GUSD, PAX, USDC, and TUSD. Bullish: the Shenzhen Court of International Arbitration declared that cryptocurrencies such as Bitcoin mustRead more
Bearish:Indian police have seized an ATM that was set up by local cryptocurrency exchange Unocoin in Bangalore. Harish BV, co-founder and CTO of the Unocoin, has been arrested while he was attending the crypto ATM. Reminder: earlier in April, the Reserve Bank of India (RBI) directed all financial institutions to stop providing services to businesses associated with cryptos. BuRead more
Choosing cryptocurrency to invest in can be hard, especially as the market change so quickly. Lately, we’ve seen a major drop over the whole crypto space. Is now a good time to get into Litecoin? What Is Litecoin? Litecoin was introduced by Charlie Lee in 2011 and it has become one of the top and consistent cryptocurrencies ever since. The coin, which is hardfork of bitcoinRead more
Not having an investment plan for cryptocurrency investing, or any other market for that matter, can result in heavy loss of your funds. A long-term investment approach is just one of the strategy you can choose to adopt. Find out the best cryptocurrency investment strategy here.The crypto market is poised for another bull run as various institutional investors are eyeing the pRead more
Bearish: after a few months of withdrawal delays, cryptocurrency exchange Bitfinex has temporarily suspended USD deposits, expecting the situation “to normalize within a week”. Bitcoin is being traded with ~2% premium on Bitfinex, which might be connected to USDT price decline from $1 to $0.98. Reminder: Bitfinex has serious banking problems since 2016, when it was fined bRead more