Day: September 26, 2020

Bitcoin Holding This Key Macro Level Suggests the Next Bull Market is Nearing

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Bitcoin’s price action has been somewhat stagnant throughout the past few days and weeks, with bulls and bears both reaching a clear impasse The aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum One analyst is now noting that BTC has been holding above a key macro level throughout the past few months He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months…

Weiss: ETH’s a Great Trading Instrument But Hodling BTC is Better

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Quick take: According to Weiss Ratings, buying and holding Bitcoin is a better option than holding ETH 2017 was the first time ETH hit $300 when Bitcoin was at $1,000 ETH is still in the $300 levels with BTC now 11x higher Ethereum is a good trading instrument but Bitcoin is a better option for a buy-and-hold strategy In a recent Tweet, the team at Weiss Ratings has pointed out that Bitcoin is a better option than Ethereum when it comes to a buy-and-hold investment strategy. Weiss Ratings demonstrated this…

YouTube Yanks Ron Paul Covid-19 Video for Bucking WHO on Virus

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Libertarian icon Ron Paul was at war with YouTube in the hours before his live-streamed health scare Friday. The company removed one of his channel’s videos this week for disputing the World Health Organization and local health authorities. The WHO has made notable reversals in its Covid-19 guidelines. The WHO chief says they are always learning new information. Ron Paul fans breathed a sigh of relief Friday after his son, Sen. Rand Paul tweeted, “Dad is doing well.” He also shared a photo of the career congressman and three-time presidential…

Chainlink Weekly MACD Bearish For First Time Since Parabolic Rally Began

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Chainlink may have rebounded with a record-breaking single-day rally, it did so after a 60% fall from its all-time high set just over a month ago. A key indicator measuring momentum has flipped bearish on weekly timeframes for the first time since the parabola began. Is this a sign that momentum is about to slide further to the downside? Chainlink Flips Bearish For First Time Since Parabolic Rally Started Chainlink cryptocurrency tops the list of the industry’s best-performing tokens in 2020 and the years before it. Chainlink was launched during…

Bitcoin’s (BTC) Social Sentiment on Twitter is at a 2-Year Low

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Quick take: Bitcoin’s weighted social sentiment on Twitter is sitting at a 2 year low BTC’s recent pullback is one reason many have turned bearish on Bitcoin However, such negative sentiment usually precedes a rally as was witnessed with the Coronavirus crash of mid-March The month of September started on a rough note for Bitcoin with the King of Crypto falling hard from $12k levels to the psychological price of $10,000. BTC would then test this area numerous times leading to the Co-founder and CEO of Gemini, Tyler Winklevoss, declaring…

Cardano Rejects at Pivotal Resistance After 30% Surge: The ADA Bear Case

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Cardano (ADA) has undergone a strong surge to the upside over recent days. Per data from TradingView.com, the coin is up around 30% since it bottomed just two days ago. Unfortunately, technical signs show that the cryptocurrency is primed to reverse lower after the rally. This is in line with some analysts that expect Bitcoin’s ongoing recovery to taper off as it faces resistance in the $10,800-11,200 region. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase ADA Primed to Correct After 30%+ Surge Cardano is primed to correct to…

Ubisoft Creative Auteur’s Exit Renews Toxic Workplace Controversy

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Rayman and Beyond Good & Evil creator Michel Ancel announced last week his retirement from video game development. A new report reveals accusation of a toxic management style under Ancel’s direction. The former director was the subject of an internal investigation at Ubisoft. For many, something didn’t sit right with Rayman and Beyond Good & Evil creator Michel Ancel’s sudden departure from Ubisoft – and video game development entirely – last week, ostensibly motivated by a desire to open a wildlife sanctuary. A new report from French daily Libération confirms…

Can Amazon Luna Succeed Where Google Stadia Failed?

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Amazon has revealed its new cloud gaming service called Luna. Subscribers can access a growing library of games through channels, including one dedicated to publisher Ubisoft, starting at $5.99 a month. Luna has all the cards in hand to deliver on the squandered promise of Google Stadia. Amazon has officially announced that it is jumping into the cloud gaming game with a new service dubbed Luna. Previously code-named Tempo and underpinned by Amazon’s extensive network of AWS data centers, Luna will be available via an early access phase to US…

Barclays Foolishly Upgrades Cruise Stocks, Even With Bankruptcy Risk

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Barclays upgraded the cruise line stocks. Cruise lines may get permission to start operating next week. Long-term cruise trends suggest the pain isn’t over for the industry. Barclays, the major bank involved in the LIBOR scandal, and often-fined by the SEC for money laundering and other financial crimes, has a new suggestion for retail investors: Buy the cruise lines! Barclays Upgrade Comes as Travel Numbers Look Ugly On paper, the idea of upgrading shares now doesn’t sound too crazy. There’s currently a “no-sail” order for the industry that may get…

Why Has Bill Clinton Not Been ‘Canceled’ Like Prince Andrew?

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The reaction to the list of people linked with Jeffrey Epstein and his deplorable actions has been interesting. Prince Andrew has effectively been “canceled.” His career is over, his personal life in ruins. Bill Clinton, though? As he’s always done, Bill keeps on keeping on. The guy is made of Teflon. Anyone who’s been following British news of late will know that Prince Andrew and former U.S. President Bill Clinton have been subject to much scrutiny over their links to pedophile Jeffrey Epstein. And rightfully so. Scrutiny for links to…