Up the bitcoin-To The Moon - Tiger Brokers Online Investing Community - To The Moon

4
2
Favorite

Ashraf
2021-04-29

Up the bitcoin

Bitcoin Is Facing a Make-or-Break Moment, Technicals Show

Cryptocurrency reached record high $64,870 earlier this month Token now hovers between 50-day and 10

Bitcoin Is Facing a Make-or-Break Moment, Technicals Show

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

4

Report

Comment（2）

Top
Latest

shwu
·2021-04-29
Please like and comment. Thank you
Reply
1
Report
Fold Replies
- Nickeando:
  Done could you click mine too and comment tks
  2021-04-29
  Reply
  Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":109132642,"tweetId":"109132642","gmtCreate":1619671654486,"gmtModify":1704727767915,"author":{"id":3570799900748215,"authorId":3570799900748215,"authorIdStr":"3570799900748215","name":"Ashraf","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Up the bitcoin</p></body></html>","htmlText":"<html><head></head><body><p>Up the bitcoin</p></body></html>","text":"Up the bitcoin","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/109132642","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","PYPL":"PayPal","SQ":"Block","TSLA":"特斯拉","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4168879,"gmtCreate":1619672305061,"gmtModify":1680786144501,"authorId":3568393360647869,"author":{"id":3568393360647869,"authorId":3568393360647869,"name":"shwu","avatar":"https://static.tigerbbs.com/9e8515115b8883df9c91ae8997c11a84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109132642,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thank you","text":"Please like and comment. Thank you","html":"Please like and comment. Thank you","likeSize":1,"commentSize":1,"subComments":[{"id":4169149,"gmtCreate":1619674206557,"gmtModify":1680786150777,"authorId":3574931340480508,"author":{"id":3574931340480508,"authorId":3574931340480508,"name":"Nickeando","avatar":"https://static.tigerbbs.com/949cb99f55161bbf42890e5fd6aefb02","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109132642,"type":1,"supId":4168879,"prevId":0,"content":"Done could you click mine too and comment tks ","text":"Done could you click mine too and comment tks ","html":"Done could you click mine too and comment tks "}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}