Cointelegraph By Marcel Pechman
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Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more
Cointelegraph By Marcel Pechman - 0
Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse, performances. The sharp volatility witnessed in crypto prices is partially...
The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why
Cointelegraph By Marcel Pechman - 0
Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects.As a...
Long the Bitcoin bottom, or watch and wait? Bitcoin traders plan their next move
Cointelegraph By Marcel Pechman - 0
Bitcoin (BTC) faced a 9% correction in the early hours of Sept. 19 as the price traded down to $18,270. Even though the price quickly bounced back above $19,000, this level was the lowest price seen in three months. However, pro traders held their ground and were not...
Here’s why Binance Chain (BNB) will face an important price test on September 30
Cointelegraph By Marcel Pechman - 0
BNB, the native token of Binance’s BNB Chain, entered a symmetrical triangle formation on Aug. 10, when it first faced the descending trendline at the $335 resistance. The following five weeks have been a struggle around $280, the exact intersection between the two conflicting ascending and descending patterns.PancakeSwap,...
Tired of losing money? Here are 2 reasons why retail investors always lose
Cointelegraph By Marcel Pechman - 0
A quick flick through Twitter, any social media investing club, or investing-themed Reddit will quickly allow one to find handfuls of traders who have vastly excelled throughout a month, semester, or even a year. Believe it or not, most successful traders cherry-pick periods or use different accounts simultaneously...
Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’
Cointelegraph By Marcel Pechman - 0
Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.Traders and influencers have been issuing alerts about this inverse correlation, and how the eventual reversal...
Volatility expected as $490M in ETH options expire shortly after the Ethereum Merge
Cointelegraph By Marcel Pechman - 0
Given the current state of the wider crypto market, some traders might be surprised to learn that Ether (ETH) has been trading in an ascending trend for the past 17 days. While the entire cryptocurrency market experienced a 10% decline on Sept. 13, Ether's price held firm near...
3 major mistakes to avoid when trading cryptocurrency futures markets
Cointelegraph By Marcel Pechman - 0
Many traders frequently express some relatively large misconceptions about trading cryptocurrency futures, especially on derivatives exchanges outside the realm of traditional finance. The most common mistakes involve futures markets’ price decoupling, fees and the impact of liquidations on the derivatives instrument.Let’s explore three simple mistakes and misconceptions that...
3 Bitcoin price metrics suggest Sept. 9’s 10% pump marked the final cycle bottom
Cointelegraph By Marcel Pechman - 0
The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in...
Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run
Cointelegraph By Marcel Pechman - 0
Bitcoin (BTC) crashed below $19,000 on Sept. 6, driving the price to its lowest level in 80 days. The movement not only completely erased the entirety of the 32% gains accrued from July until Aug. 15, it also wiped out $246 million worth of leverage long (buy) futures...