Using Pivot Points in Forex Trading

The pivot point and its derivatives are a tool that provides forex traders with potential support and resistance levels and helps minimize risk. Using reference points such as support and resistance helps determine when to enter the market, place stops and take profits. However, many newbie traders pay too much attention to technical indicators, including…

Weak address growth points to Bitcoin price failing to sustain $25K

Bitcoin (BTC) is staging a repeat of price action from May with its latest drop, the latest data shows. As the dust settles on a 6% comedown for BTC/USD, analysis argues that its trip to $25,000 was never meant to last. Realized price comes back to haunt the BTC chart After taking some by surprise…

Moving Average Envelopes: A Popular Trading Tool

What is a Moving Average Envelope? Moving averages (MA) are a popular trading tool. Unfortunately, they are prone to giving false signals in choppy markets. By applying an envelope to the moving average, some of these sawtooth trades can be avoided and traders can increase their profits. Envelope trading has been a favorite tool of…

‘Give DeFi time, it may surprise you’ — DEX CEO on state of the market

The CEO of a decentralized derivatives exchange has told Cointelegraph that many DEXs are unusable — and he’s determined to change that. Lei Wang is the head of Kinewhich aims to provide a fast, effortless way to trade derivatives across multiple blockchains. In a live ask-me-anything session on Cointelegraph’s YouTube channel, he revealed that trades…

What are the main differences between a Symmetrical Triangle pattern and a pennant?

Although both the symmetric triangle and the pennant are continuation patterns with a good degree of reliability, there are two key differences between the two in terms of formations. Key points to remember A symmetric triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. Pennants…

Australia’s new government finally signals its crypto regulation stance

Three months after being elected into power, the Australian Labor Party (ALP) has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and Financial Center.”…