Trader Known for Calling May 2021 Crypto Collapse Says Bitcoin Flashing Historic Rally Signal, Weighs In on Ethereum
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An analyst and trader known for calling the crypto market collapse of May 2021 says that Bitcoin (BTC) is now flashing historic signs of a new bull run. The pseudonymous trader known as Dave the Wave tells his 131,000 Twitter followers that Bitcoin’s moving average convergence divergence (MACD) indicator is at a level that in the past led to fresh bull runs. The MACD is a trend-following indicator that shows the relationship between two exponential moving averages (EMAs). “Kind of feeling obliged to put some charts in the space after all the doom and gloom you see. lol Don’t lose
Bitcoin Magazine Morgan Stanley Plans To Offer Bitcoin And Crypto Trading To E-Trade Clients Bloomberg reports that the Wall Street giant is in the early stages of planning to add spot Bitcoin and crypto trading capabilities to its ETrade brokerage platform. The project aims to allow ETrade’s retail clients to…
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report,…