A1 Trading Company

June 10, 2021

Ethereum in Space? Biggest Crypto Headlines- From BTC to Rest of Altcoin Market

Frank Cabibi

6/10/2021

Recent news for Bitcoin:

The DOJ's recent recovery of the bitcoin stolen in the ransom of the Colonial Pipeline served as a bullish case for crypto. The fact that over 80% of the money taken by cybercriminals was recovered shows that it is not as difficult to track as we had it out to be. The US government's argument has always been that the decentralization and anonymity provided by crypto platforms is a major obstacle standing in the way of government endorsements. However, this recent discovery made by the DOJ helps to shed light on the digital market as a whole.

Cardano makes big moves:]

The rest of the altcoins tend to move in the same direction that bitcoin moves, and this tends to create many of the same trade setups in the market. Having that said, Cardano (ADA/USD) shows something promising on the fundamental side. Earlier this month, the coin and Nervos Network (CRB/USD) partnered on a project to what looks like a public network of cryptocurrency.

ETH 2.0 and Space Chain

Ethereum 2.0 is working to reduce blockchain energy consumption through proof-of-stake. They are also planning to send a beacon chain node in orbit to help reduce costs in the long run. Their plan is to maximize decentralization along with security. Zee Zheng, CEO of SpaceChain believes the future of crypto is literally among the stars as he plans to help take Ethereum 2.0 to outer space.

A1 Edgefinder

AI- Generated Trading Setups
AI-generated bullish/bearish bias setups on forex currencies, gold, & indices.

Apply for a trial

Trading GBP Into PMI

Pound pairs are now a stronger bullish reading on the EdgeFinder than any other currency this week. With PMI data coming in the UK on Thursday, here is what to expect for the GBP pairs in the coming days. EdgeFinder Analysis GBPAUD is the strongest of the GBP pairs today at +7. The score increased […]

Read More
USD Ahead of PPI

Tomorrow's PPI number will be another impactful factor on investor sentiment around dollar-based assets. We have already talked about CPI's recent influence on the markets, but here is what can happen tomorrow on a beat or miss scenario. EdgeFinder Analysis AU is now at -6, one point higher than yesterday's -7 due to economic numbers […]

Read More
False Breakout on Gold?

Gold's price broke under a three-month long supportive trend line. Although the break below has the metal down almost half a percent on the day already, there is still a bullish case for the metal for a few reasons. EdgeFinder Analysis UJ is bullish at +6 going into the week. The dollar in general is […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
Signals
There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
homesmartphonelaptop-phonemenumenu-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram