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: Trading in Harmony

NewsBTC
NewsBTC
4 years ago
4 mins read
market, crypto, blockchain, bitcoin, ethereum, chart,

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,

The art of looking at a chart to determine patterns and trends is just that… an art. Despite what anybody might tell you, technical chartists have no more power to tell the future than your local tarot reader.

However, when used in conjunction with fundamental analysis, understanding the news, economic data and order flows, it can be a powerful tool to help traders and investors pinpoint their entries and exits and give a good suggestion about where to set your stops and limits.

Below we’ll take a look at three examples of how technical and fundamental analysis can work in harmony.

@MatiGreenspan – eToro, Senior Market Analyst

Today’s Highlights

  • Pounding the Profits
  • Golden Triangle
  • BTC Death Cross

Please note: All data, figures & graphs are valid as of October 25th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Uncertainty surrounding Brexit has never really gone away but at this point, it seems stronger than ever. The questions of if/when/how a general election might happen and if/when/how long an extension will be granted remain unanswered making it very difficult to understand how this will play out.

One thing that seems more certain than just two weeks ago, is the possibility of a hard Brexit or watching the UK “crash out” of the Eurozone. This has been the market’s main fear all along and looking at the Pound Sterling we can certainly see that the markets are now pricing in a much lower chance of this happening.

Here we can see the GBPUSD ever since the referendum. Look closely at that last large push from the floor over the last few weeks.

market, crypto, blockchain, bitcoin, ethereum, chart,

Now look back at the chart and see if you can recognize some levels that price is reacting to…

…If you spotted the round numbers, then you’re right on the button. 1.25, 1.30, 1.35, and 1.40 have all played critical roles of support and resistance as the Brexit progresses.

market, crypto, blockchain, bitcoin, ethereum, chart,

The direction might be heavily influenced by political updates and central bank action, but it’s very clear from this that traders have a tendency to gravitate to and respect psychological levels.

Golden Triangle

For this one, we’ll put the chart upfront because it represents a classic pattern in technical analysis, the triangle/wedge/pennant.

market, crypto, blockchain, bitcoin, ethereum, chart,

This is usually considered a continuation pattern so in this case, the likelihood is for a break to the upside. But as always, past performance is not an indication of future results.

What excites me about this one specifically is the fundamental side narrative that is playing out in the background.

At this time we’re seeing a growing trend of rates getting ever lower and in many cases even going negative. That means an increasing amount of money sitting in banks at the moment will soon be impacted. When rich people/firms need to start paying money to hold it in the bank, it’s highly motivating for them to find other ways to store that value. As gold has been serving this purpose for thousands of years, it becomes a very natural hedge for the current environment.

Bitcoin Death Cross

As has been observed by several analysts already, bitcoin is heading for a very ominous technical formation known as a death cross.

A brief explanation of what this means along with a chart is covered expertly in this Forbes article.

market, crypto, blockchain, bitcoin, ethereum, chart,

As mentioned in the article, sentiment in the crypto market is very low right now. We can see this of course on graphs like the Fear & Greed Index below as well as the twitter sentiment from TheTie.io.

market, crypto, blockchain, bitcoin, ethereum, chart,

Several recent social media polls have shown similar negative sentiment including this one that I ran on Twitter, and this one from a Telegram group I”m in.

market, crypto, blockchain, bitcoin, ethereum, chart,

Of course, sentiment can change pretty quickly in this market, especially while volumes are low. And they have indeed receded since the pre-Zuck drop.

For example, just while I’m writing to you Bitcoin has shown a noticeable pop on an extremely encouraging statement from the Chinese President.

market, crypto, blockchain, bitcoin, ethereum, chart,

Now that’s pretty big!! Seeing China fully embrace blockchain technology in such a public way is great for the entire crypto industry, which in turn is great for Bitcoin.

Wishing you a harmonious weekend.

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.
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

  • こちらがご希望のリライト案です。キーワード「アルトコイン」をタイトルの最初に入れています。

    ...

    19 minutes ago
  • Mobile phone is a mining machine! ETHRANSACTION launches...

    44 minutes ago
  • SEC, Quidax Bring Together Top Banks, Asset Managers to...

    3 hours ago
  • Wzrost altcoinów zgodny z tematyką artykułu

    3 Altcoins, na które warto zwrócić uwagę w pierwszym...

    3 hours ago
  • MEXC Ventures Hosts Successful “Kickstart Your...

    3 hours 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.