Learn how to day trade cryptocurrency and unlock the secrets of this rapidly evolving market. This article shares valuable tips and strategies to potentially turn a profit in cryptocurrency trading. Discover how to navigate the market effectively and make informed trading decisions.
Trading Strategies
Bitcoin, the world’s leading cryptocurrency, has witnessed a substantial drop in value, plummeting from over $73,600 on March 14 to a low of under $60,800. This decline translates to a -17% loss, sparking intense discussions among crypto experts on social media platforms like X (formerly Twitter). Alex Krüger, a renowned figure in both macroeconomics and
The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is set to revolutionize Layer 2 (L2) networks by bringing about significant cost reductions and introducing new features. Scheduled for March 13, this update will introduce a new data storage system called blobs, aiming to reduce congestion on the Ethereum network and enhance various key
Ethereum has been experiencing a rapid price rally in the last few weeks, surpassing multiple resistance levels. However, the current price has reached a significant level that might act as a barrier for further growth. The daily chart shows a consistent upward trend with higher highs and lows, leaving the 200-day moving average far behind,
The price of bitcoin has skyrocketed, surpassing the $70,000 mark, which has sparked excitement among investors. The cryptocurrency experienced a steady increase throughout the week, with a 12% rally, driven by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States. Currently, Bitcoin is trading at $69,436, with a 2% gain in the
The options market for Ethereum (ETH) is displaying an interesting pattern, particularly in the concentration of call options around the $4,000 strike price for both the June and September expiries. Traders seem to be heavily focused on the possibility of ETH reaching or surpassing $4,000 by these upcoming dates. This accumulation of call options at