Day: August 31, 2020

This Signal Says Ethereum Could Lead Alts Off A Cliff

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Few altcoins have performed better in 2020 than Ethereum. The second-ranked cryptocurrency is up well over 200% on the year, and from the Black Thursday bottom to the 2020 high, Ethereum rose over 400%. Momentum looks to be behind bulls, however, an ominous signal just triggered on ETHUSD weekly price charts. The signal could be warning that a top is in, and Etheruem could soon lead the altcoin market off a cliff. Ethereum Rallies 400% From Black Thursday Bottom, But Weekly Sell Signal Points To End Of Uptrend The crypto…

The Stock Market Is Best Shorted on These Three Upcoming Dates

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Stocks are coming up on their most tumultuous time of the year. The election will likely add additional volatility. Three upcoming periods bode well for shorting the market. The stock market continues upward yet again. Retail traders, fueled by companies announcing share splits, are taking the market to record territory. Yet for those new traders, there may be big trouble ahead: We’re getting into the most challenging part of the year for investing. The Calendar Warns of Stock Market Danger Ahead When most traders think of big bear markets, they…

Would William & Harry Be Feuding If Princess Diana Were Still Alive?

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The world lost Princess Diana on this day in 1997. Her bodyguard has come forward to share his thoughts on her sons’ rift. According to him, William and Harry wouldn’t be fighting today if she were still alive. On August 31, 1997, Princess Diana lost her life after a deadly paparazzi chase that culminated in a Paris tunnel. And as tributes pour in from all over the world, her former bodyguard has come forward to share his thoughts about her sons’ rift. According to him, Princes William and Harry wouldn’t…

Dow Falls 220 Points as Apple Stock Loses Control After Split

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The Dow Jones fell 220 points on Monday. Apple’s stock split sparked a 4.5% surge in its shares, but it is no longer the most heavily weighted stock in the Dow. Can the Dow keep rallying without APPL leading the way? The Dow Jones fell to start the week, as Apple’s (NASDAQ:AAPL) stock split takes away the main driver behind the months-long rally. As investors remain optimistic about the outlook for interest rates and progress towards a vaccine, Dow bulls will hope that losing APPL’s leadership doesn’t mark a trend…

Mysterious Bitcoin mining pattern potentially solved after seven years

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We reported last week about the latest findings of Sergio Dermain Lerner, who is known for his discovery of the so-called “Patoshi pattern”. His latest research suggested that Satoshi Nakamoto likely used a single pc to mine approximately 1.1 million Bitcoin (BTC). However, it appears that there was something of even greater importance lost in the excitement about this discovery. If Lerner’s latest findings are accurate, it would put an end to seven years worth of speculation concerning the meaning behind the mysterious pattern. Patoshi pattern. Source: Sergio Darmain Lerner’s…

Lesson of the Day: Never Mess With Sade

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Iconic R&B singer Sade was trending today. People claimed that she was no better than current R&B singer Jhené Aiko because they’re both light-skinned. The stars came out to check the young Twitter users for reducing an all-time great singer down to her skin color. Sade is a line. If you cross it, you will face the music. And it won’t be the sweet & soothing that kind you’re used to from Sade. Twitter users learned that lesson the hard way today when they tried to diminish the soul singer’s…

Price analysis 8/31: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, EOS

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Bitcoin and altcoins have bounced off their range lows but they are likely to encounter resistance at higher levels. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month, after having declined consecutively in August 2018 and 2019. However, gold futures and the U.S. dollar index (DXY) have not been in favor as both could end the month in the red. Berkshire Hathaway disclosed a 5% stake each in five leading Japanese trading companies…

Secret contracts may soon bring privacy features to public Blockchains

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Open-source Blockchain protocol Secret Network announced its intention to add privacy-based secret contracts to its mainnet. The upgrade will take place on September 15 once the proposal is passed by the community. According to the foundation’s announcement, developers will have the opportunity to build and deploy so-called “secret” smart contracts that use encrypted inputs, outputs, and states. Secret contracts could enable many different blockchains to utilize private data in decentralized apps without compromising their user’s personal security. The foundation explained: “Secret contracts allow for programmable privacy, allowing for arbitrarily complex…

Apple (AAPL) and Tesla (TSLA) Stocks Continue to Grow After Split

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Both Apple and Tesla completed a stock split on Monday: Tesla did a 5-for-1 stock split, while Apple issued a 4-for-1 stock split. And while it may now look like shares became cheaper for the two high-flying stocks, that’s not true. Apple Inc (NASDAQ: AAPL) began trading on a post-split basis today, following its 4-for-1 stock split. At the time of writing the stock was rising by 4.26% to $130.12. The split is originally designed to lower the nominal price-per-share, but we have to mention that split-adjusted Apple stock has…

Mastering Elliott Wave Author Claims Demonstrates Case For $150 Bitcoin

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Bitcoin could be in for a “massive” and “devastating” correction ahead, according to the author of Mastering Elliott Wave Theory. The long-time market analyst and expert on the subject sees potentially a couple more months to years of rally in crypto, followed by a “potentially massive change in conditions for Bitcoin.” As wild as it sounds, he even calls for the leading cryptocurrency by market cap to drop to as low as $150 after the current corrective wave is finished. Here’s what the author and analyst expects if the scenario…