Category: Trade

Option market probabilities should come as no surprise to litecoin (LTC) investors, who saw the value of their holdings fall sharply following the reward halving, which took place on Aug. 5, 2019. On that day, the cryptocurrency was trading just above $100. However, by December, the price of single litecoin had dropped below $50. Its hash rate, or the computing...

Importantly, one widely respected economic indicator is showing that Bitcoin is still on track to see a notable parabolic rally in the days and weeks ahead, which could lead the crypto to rally as high above $20,000. “Some thoughts here on BTC. We moved -27% since the top. We arrived at a cluster of daily, weekly and monthly support levels,...

Finally, a new path to cryptocurrency adoption has been unlocked, as the Indian Supreme Court ruled in favor of digital currency trading in the country, striking down a virtual ban imposed by the Reserve Bank of India (RBI). Upon SC verdict today, Indian traders will now be able to freely trade Bitcoin (BTC) and other cryptocurrencies, without any restriction from the bank. Many people...

This week we’ve seen economic fragility, an excess of corporate debt and little left to give from the major central banks. We at BrozBot care about your money and it is our duty to warn you about the risks ahead. Market consensus believes that we’ll see traders taking a risk-off approach into the weekend, and on balance the news flow...

The Federal Reserve cut benchmark interest rates on Tuesday March 3rd, by a half-point to the 1%-to-1.25% range, and market participants are now anticipating another half-point cut at the Fed’s scheduled March 18 meeting. On Thursday, markets appeared to set the stage for another down session, as the Dow closed at 26,121.28, down 969.58 points, or 3.6%, while the S&P 500...

Central banks that have previously refused to release stimuli to ensure the sustainability of long-term economic growth have started to bring out strong stimulus packages to boost the global economy. The coronavirus outbreak, which is at risk of causing a true global pandemic, invoked a level of fear in the financial market that has not been seen in the past decade. If that fear...

The global markets have been rattled by the rapid spread of the Coronavirus (COVID-19), which has led the US equities markets to see an intense selloff, with the benchmark US stock indices shedding $4.3 trillion in value over the past seven trading sessions. This intense downwards movement has marked the Dow Jones’ worst week since the 2008 financial crisis and has led...

Last week, Apple issued an investor update stating it will not be able to meet its quarterly guidance for the March quarter. The fallout from the virus has slowed the pace of workers returning from the extended Chinese New Year holiday. As a result, worldwide iPhone supply is expected to be temporarily constrained, affecting revenues. Sales in China, for example,...

As always when we see volatility ramp up, we look for a circuit breaker and a response to calm market nerves. Perhaps the most obvious circuit breaker would be signs that the virus is contained in China and the fears of an outbreak in Europe and wider Asia are overblown. China recovery – watch this Saturday’s China manufacturing and services...

In spite of Bitcoin begins moving to the low-$9,000 region following strong rejection at $10,000, one technical indicator seems to suggest that the cryptocurrency could soon be on the cusp of seeing further upside, as it may be highly undervalued at the moment. Glassnode, a blockchain research and analytics platform, spoke about Bitcoin’s MVRV Z-score in a recent tweet, concluding that it...