How to read RSI (Relative Strength Index)
CryptoPurview
by Researcher @CryptoPurview
1y ago
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change in the price movements to evaluate assets overvalued or undervalued conditions. How to read RSI: The RSI is displayed as a line chart that oscillates between 0 and 100 scale. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. These traditional levels can also be adjusted if necessary to better fit the asset or market dynamics. For example, if an asset (or a security) is repeatedly reaching the overbought level of 70 (often observed ..read more
Visit website
Bitcoin ETF is long past due
CryptoPurview
by Ashvarya Kharoo
3y ago
Bitcoin exchange-traded fund (ETF) continues to be the most eagerly awaited decision from the U.S. SEC. In the U.S., eight firms have tried without success since 2013 to create a bitcoin ETF. SEC has been hesitant to approve the Bitcoin ETF, while other countries have embraced and launched it. Recently, Canada’s securities regulator has given a go-ahead for a publicly-traded bitcoin exchange-traded fund (ETF). Today more than 20 cryptocurrency ETFs already exist outside the U.S., mostly in Europe. If President Joe Biden’s nominee – Gary Gensler is chosen to lead the Securities and Ex ..read more
Visit website
BTC Trading: Elliott Wave Theory
CryptoPurview
by Kash
3y ago
Elliott Wave theory is a method of technical analysis that Bitcoin traders look for recurrent long-term Bitcoin (BTC) price patterns. The Elliott wave theory says that a crypto asset such as Bitcoin (BTC) price movements can be predicted as they move in repeating up-and-down patterns called waves created by investor psychology. Note that Elliott wave or patterns do not provide any kind of certainty about Bitcoin (BTC) future price movement, but rather, serve in helping to find the probabilities for BTC future market action. The theory identifies two different types of waves – impulse waves, an ..read more
Visit website
CME’s ETH futures saw 388 contracts traded on its opening day
CryptoPurview
by Kash
3y ago
CME’s ETH futures saw a demand of 388 contracts traded on its opening day. That’s about a total of 19,400 ETH or approx. $33 Million. Each monthly contract represents 50 ETH. Similar to CEM’s Bitcoin futures contract, CME’s latest crypto offering is also cash-settled. The launch represents a significant milestone for Ethereum. The trading started on Sunday at 6:00 PM ET, priced based on a CME’s own reference rate. It draws ETH price data from major cryptocurrency exchanges Coinbase, Bitstamp, Gemini, itBit, and Kraken. Will history repeat itself ETH price has more than tripled s ..read more
Visit website
Tesla discloses $1.5 billion worth of investment in Bitcoin
CryptoPurview
by SharmaK-D
3y ago
Tesla invested a significant percentage of its cash – $1.5 Billion into Bitcoin. In a recent SEC filing, Tesla disclosed the investment and updated the firm’s intention to acquire and hold digital assets from time to time or long-term. The firm said it bought the Bitcoin to provide more flexibility to further diversify and maximize returns on their cash. Tesla cash on hand at the end of 2020 was $19.3 Billion. The document reads: In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not require ..read more
Visit website
CME Ethereum futures first trade date on Feb 8th
CryptoPurview
by Kash
3y ago
Derivatives exchange, CME will launch Ethereum futures on 8th Feb at 6 PM ET. The exchange made the announcement in a tweet. Building on the success of Bitcoin futures, Ethereum futures will also be cash-settled. To bring confidence to the trading strategy, the pricing will be based on a CME reference rate that draws ETH price data from major cryptocurrency exchanges Coinbase, Bitstamp, Gemini, itBit, and Kraken. CME’s Ethereum futures were announced last year in December. The launch represents a significant step for Ethereum. The listing will help to introduce new participants – institutional ..read more
Visit website
Bitfinex repaid the remaining loan balance of $550 million to Tether
CryptoPurview
by Ashvarya Kharoo
3y ago
Bitfinex announced on Friday, 5th Feb, that it repaid the remaining balance of $550 Million of the outstanding revolving loan to Tether. A per the announcement, the remaining loan along with the interest was paid out in fiat currency wired to Tether’s bank account in Jan 2021. Tether opened a credit line for Bitfinex in 2018 due to the seizure of its payment processor’s accounts which held at the time approx $880 million of Bitfinex funds. The bank accounts of payment processor – Crypto Capital – in Poland, Portugal, the UK, and the U.S. were seized or frozen in 2018 by the governments due to ..read more
Visit website
Bitcoin Wallet Guide: What Wallet to Create?
CryptoPurview
by Hitesh
3y ago
If you’re new to the crypto trade, you have probably checked out Bitcoin’s current price and decided it’s high time to get in on the action before it’s too late. Unfortunately, you might struggle with the next few steps of the process i.e. determine where and how to store the cryptocurrency. You might have Googled the answer to how to get and store crypto, but you’re puzzled by which wallet option to create. Bitcoin wallet choice will depend on your needs, and this guide will help you pick the correct one. Bitcoin Exchange Wallet vs. Private Wallet Exchanges are a straightforward concept to gr ..read more
Visit website
2021 starts with record volumes in decentralized exchange
CryptoPurview
by Ashvarya Kharoo
3y ago
Today’s trading landscape is primarily dominated by a few large players, predominantly Coinbase, Kraken, Bithumb, Huobi, Bitfinex, and Binance. While centralized trading has been widely popular, it’s not the new financial ecosystem most crypto enthusiasts and entrepreneurs are hoping to achieve. With Decentralized finance (Defi) gaining ground in 2020 and a trading boom in Defi tokens, decentralized exchanges (DEX) have been increasingly popular and show no sign of respite in 2021. DEXs through its lucrative yield farming incentive allows any person to act as a liquidity provider to ensure hea ..read more
Visit website
ECB Eyes Mid 2021 As Possible Digital Euro Project Launch
CryptoPurview
by SharmaK-D
3y ago
European authorities eye the middle of this year to decide on the development of a digital euro currency for the Eurozone. The European Central Bank and European Commission said in a joint statement on Tuesday that: Such a project would answer key design and technical questions and provide the ECB with the necessary tools to stand ready to issue a digital euro if such a decision is taken. The ECB and the European Commission services are jointly reviewing at [a] technical level a broad range of policy, legal and technical questions emerging from a possible introduction of a digital euro. R ..read more
Visit website

Follow CryptoPurview on FeedSpot

Continue with Google
Continue with Apple
OR