Raising Rates by 75 Points in 1994 and 2022, is There Any Difference?
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Bitcoin (BTC/USD) poised to test fresh lows in the short-term
2019-11-11 • Updated
Monday's session was marked by low liquidity in the markets and in the crypto space was not the exception. There were some attempts to recover bullish bias above the 6700 level, but the momentum has not been strong enough to take Bitcoin to new heights. However, we are seeing a possible breakdown of the bearish channel that we had raised in previous articles.
The 200-hour moving average continues to guide the cryptocurrency path in the short term and we do not rule out the idea that the current recovery will touch that indicator, where it could encounter dynamic resistance. However, the Parabolic SAR is beginning to show bearish signals.
What do we expect?
According to our forecasts in the H1 chart, Bitcoin remains solid in the bearish trend and we are waiting for a breakout below the support level of 6281. If that happens, we could see a fall to the level of 5475, thus invalidating the bearish channel that we have mentioned. On the upside, we have a strong containment barrier at 7586.
Similar
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Latest news
What can drive oil below $90 a barrel?
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
China-Taiwan Conflict to Destroy the Markets
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
How Alibaba Deals with Troubled Times?
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.
