Bitcoin analysis for April 18, 2018

Bitcoin (BTC) has been trading sideways at the price of $8.875. On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities. […]

Analysis of Gold for April 18, 2018

Recently, Gold has been trading sideways at the price of $1,345.25. According to the M30 time – frame, I found that price is respecting supply trendline, which is a sign that sellers are active. I also found a rounding top pattern, which is another sign of weakness. My advice is to watch for potential selling […]

GBP/USD analysis for April 18, 2018

Recently, the GBP/USD pair has been trading downward. After downbeat CPI y/y, price dropped and tested the level of 1.4173. Anyway, according to the H4 time – frame, I found very strong support at the price of 1.4175. I found a Fibonacci retracement 50% and Fibonacci expansion 161.8% at the similar level, which is a […]

Bitcoin analysis for 18/04/2018

The rating giant, Moody’s Investor Service, said in a recent report that Blockchain technology for cross-border transactions could potentially harm banks in Switzerland more than in any other country. Because half of the Swiss banking sector’s revenues come from fees and commissions, Switzerland is more at risk of losing money because Blockchain technology makes cross-border […]