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Bitcoin is showing strong technical signals that suggest the recent correction may be ending. While it’s too early to declare a new bull phase with certainty, both the daily and weekly charts show key momentum shifts, breakouts, and structural support that traders should pay close attention to.
The Nasdaq Composite has entered a phase of weakness after a stellar run that peaked around the 20,000 mark. The recent breakdown from key support structures, combined with momentum shifts, suggests a notable change in trend — but there are also early signs this correction may be approaching exhaustion.
Bitcoin has been under pressure for weeks now, but signals on both the daily and weekly charts suggest the correction might be losing steam — or at least, nearing a pivotal moment.
Despite the meteoric rise of institutional-grade Bitcoin investment vehicles, the proliferation of ETFs and treasury-focused firms, the Bitcoin price has been eerily stagnant. The culprit? A massive sell-off by long-standing holders, aka “bitcoin whales,” who have offloaded around 500,000 BTC (€~45 billion) over the past year.
In a major leadership shakeup, Mark Nuvelstijn, CEO of Dutch cryptocurrency exchange Bitvavo, has stepped down with immediate effect.
Hardware wallet manufacturer Ledger has officially announced the end of support for its iconic Nano S model, a product that played a pivotal role in securing cryptocurrencies for millions of users since its launch in 2016.
Leading platforms Kraken and Robinhood have launched tokenized stocks in Europe, marking a groundbreaking evolution in how equities are bought, sold, and settled.
In a significant milestone for the European crypto market, major platforms such as Coinbase and Kraken have recently obtained their MiCA (Markets in Crypto-Assets) licenses, allowing them to offer regulated services across the European Union.
Strategy (formerly MicroStrategy), led by vocal Bitcoin advocate Michael Saylor, has once again expanded its already massive Bitcoin holdings.
Because of their complexity, Elliott divided corrective waves into 2 categories: simple and complex corrections. The complex ones are the most common.
An impulsive wave is a five-wave structure that is advancing (in a bullish trend) or declining (in a bearish trend). The rules of an impulsive wave, like any rule with the Elliott Wave theory, are clear and leave no room for interpretation.
Elliott Wave theory is the result of one person, Ralph Elliott, that found that people’s behavior, or human nature, is the cause for various patterns that appear in the underlying price of a security. In plain English, market psychology or crowd trading is best represented under the Elliott Waves theory.
Like any financial instrument and commodity, supply and demand play an important role in the way gold and silver are moving. However, like any commodity, speculation is also a main driver of the gold and silver price.
Oil prices have a big influence in everything that happens in the financial world. Even though it may not be that obvious, oil price fluctuations dictate monetary policies around the world, influence economies growth and offer power to the one that knows the reason for these fluctuations.
A proper definition for technical analysis would be the interpretation of future moves based on previous data. The technical analyst uses a price chart to create scenarios about future movements.
Resist the temptation to blindly follow others’ advice. Beware of services or investment products flaunting incredible returns. Remember, soaring returns often accompany soaring risks. Prioritize investing in your own knowledge and mastering the art of safeguarding your assets!