NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

eToro Market Update: Unintended Consequences

NewsBTC
NewsBTC
4 years ago
4 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hi Everyone,

As fake news goes, this one takes the cake. It’s not without great hesitation that I share this link, which is obviously riddled with false and misleading information…

market, cryptocurrency, bitcoin, blockchain, ethereum, trading

It seems that according to the procedures, anybody can file for a US copyright on any piece of writing or code and it is not legally binding in any way. Still, the price of Bitcoin SV shot up by about 100% following the announcement.

The recent campaign to delist BSV from the major exchanges may have had some unintended consequences. Now that there is drastically reduced liquidity, the coin is acting like a penny stock, where even a small amount of volume can push the price drastically in either direction.

Previously we’ve shared a link to some overwhelming evidence that Craig S Wright has on many occasions provided fake and forged evidence of his claim to be Satoshi Nakamoto. Several have pointed out that lawsuits and patents are very un-Satoshi-like. What gets me though is that the real Satoshi was very clear about how network splits should be resolved.

Given that it’s highly unlikely that very many people actually bought BSV based on the above “news”, it leaves me wondering who may have had the motivation to move the price like this?

@MatiGreenspan – eToro, Senior Market Analyst

Today’s Highlights

  • Brexit Again
  • BNB Mooning
  • Name the BTC Pattern

Please note: All data, figures & graphs are valid as of May 22nd. All trading carries risk. Only risk cap

Traditional Markets

The funny thing about kicking the can down the road is that eventually you get down the road and catch up with it.

It seems that Prime Minister Theresa May is getting ready to put her Brexit plan before a Parliamentary vote once again, but this time with a twist. The “new” plan includes the option of a second Brexit referendum.

With all the calls for May to resign, pundits have currently skipped ahead and begun speculating on who will be her successor. Many of them that I’ve heard so far are pointing to someone whose name rhymes with Morris Swanson.

The Pound Sterling has been in a steep decline since the beginning of May.

market, cryptocurrency, bitcoin, blockchain, ethereum, trading

BNB To the Moon

Though bitcoin and most of the cryptos seem to be meeting heavy resistance at the moment, Binance Coin is once again showing its ability to shirk the rest of the market and is now trading at it’s all time highest levels.

market, cryptocurrency, bitcoin, blockchain, ethereum, trading

What’s most fascinating is the incredible bullishness from investors despite the recent hack of 7000 BTC on the Binance exchange.

As BNB is often traded as a reflection of how Binance is doing as an exchange, it’s interesting to see this sort of resilience in the face of such a large scale hack. Perhaps this is a reflection of the way that CEO CZ and his team dealt with the hack and responded in real time with full transparency and not only fixed the issues but also strengthened the entire ecosystem in the process.

Here’s an excellent article summarizing CZ’s responses to the hack and how it played out in real time.

Name the Pattern

This morning I decided to play a game called name the pattern. After posting the following image, the answers started flooding in but they weren’t at all what I was expecting.

market, cryptocurrency, bitcoin, blockchain, ethereum, trading

In my mind, this is a classic ascending triangle, which, even though past performance is not an indication of future results, is often seen as a bullish signal. Yes, several people answered this right off the bat, but three were a few other responses that were no less correct than mine.

Double top. Yes, if we fail to make a new high and continue into a bear market, that’s exactly what this will be.

Reverse head and shoulders. Yeah, kind of. Right in the middle of the yellow lines. In this case though, the shoulders are a bit flat. So in true bitcoin form, it’s more like an “inverted Bart.”

What truly blew my mind though was when someone told me to zoom out. So I did, and this is the result.

market, cryptocurrency, bitcoin, blockchain, ethereum, trading

As stated before, a strong breakout to the upside would be insanely bullish. But even within our rising triangle, there’s clearly room for an extended pullback to test the historically significant level of $6,400. Let’s see how it plays out.

As always, please continue sending me your well thought out questions, top-notch feedbacks, and superb insight. Let’s have a splendid day ahead.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro

Connect with Mati on….

eToro: http://etoro.tw/Mati
Twitter: https://twitter.com/matigreenspan
LinkedIn: https://www.linkedin.com/in/matisyahu/
Telegram: https://t.me/MatiGreenspan
Office Phone: +44-203-1500308 (ext:311)

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.
Image by Pete Linforth from Pixabay
Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How to trade crypto

How To Trade Crypto

How to trade crypto – a question that resonates with many in the rapidly evolving digital asset space. Whether you’re...

Jake Simmons 1 year ago

Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021

Ethereum shows strength as MATIC rises 7%  Global market jitters spread to crypto at the weekend, with Bitcoin falling to...

NewsBTC 3 years ago

Crypto Market Analysis: December 6, 2021

Bitcoin and ether suffered a major flash crash over the weekend, sending cryptoasset values down by some 20% at points....

NewsBTC 3 years ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cena Bitcoinu pod 80 tisíc $

Cena Bitcoinu pod 80 tisíc $. Ako čo najlepšie využiť pokles na kryptotrhu?

Nina Šefčíková 4 months ago

Dogecoin a Shiba Inu stagnujú. Oplatí sa sledovať tieto predpredaje?

Nina Šefčíková 4 months ago
how to trade Bitcoin

Learn How To Trade Bitcoin

Jake Simmons 1 year ago

Premium Sponsors

Press Releases

  • Make $8,000 a day in stable passive income easily –...

    3 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    4 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    19 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    1 day ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.