Introduction We all are somewhat familiar with the concept of the bank because it has become a part of our daily life. A bank is a type of financial institution with the ability to keep, transmit, and receive deposits in the real world. Legally, banks can allow their clients to swap one fiat currency for …
What is the Descending Triangle? The Descending Triangle is a multiple candlestick chart pattern that signifies the continuation of a downtrend. This is a Descending Triangle, as it is shaped like a triangle pointed downwards. Understanding the Descending Triangle The Descending Triangle consists of multiple candlesticks. The first candlestick is bearish and indicates the continuation …
What is the Ascending Scallop? The Ascending Scallop is a multiple candlestick chart pattern that indicates that a bullish continuation is taking place. This pattern forms close to the peak of an uptrend in the market. Understanding the Ascending Scallop The Ascending Scallop is a candlestick pattern that consists of multiple candlesticks. The first candlestick …
DeFi tokens are digital assets that operate on blockchain networks, leveraging smart contracts to enable various financial activities in a decentralized manner. Unlike traditional financial systems that depend on intermediaries like banks, DeFi tokens allow users to transact, lend, borrow, and stake assets directly without needing a middleman. This peer-to-peer nature of DeFi tokens provides …
Key Takeaways: Declining Crude Oil Weighed on Loonie and helped USD/CAD Currency Pair On Thursday, Canada gave its March employment report, and the figures looked positive. Compared to February’s figure of 21,800, the economy added 34,700 jobs, much above the average forecast of 7,500. Additionally, unemployment was unchanged at 5.0%, a decrease from the prediction …
USD/CAD strengthened Despite positive CAD Employment Data Read More »
Potential regions of support and resistance can be spotted with great precision using Fibonacci retracement. Even experienced traders cannot completely manage using this indicator, which is among the most frequently used ones in technical analysis. Traders can understand how to employ the Fibonacci retracement in this article to improve their trading odds of success. What …
Fibonacci Retracement – A Beginner’s Guide, Explained Simply Read More »
The CFTC lawsuit against Binance frightened the market, which led to massive declines in the broader crypto market and the price of Bitcoin. However, the exchange’s CEO gave customers confidence by uploading a blog and managed to clear some doubts about the Binance cryptocurrency exchange. Key Takeaways: CFTC sued Binance; Bitcoin drops The Commodity Futures …
Bitcoin dropped as the US Regulator sued the leading crypto exchange Read More »
Someone will declare, “I am the leader!” and expect everyone to get in line and follow him or her to the gates of heaven or hell. My experience is that it doesn’t happen that way. Others follow you based on the quality of your actions rather than the magnitude of your declarations.
Bill Walsh
