Harness Renko Chart Mastery

Magic of Renko Charts

Discover the power of Renko charts for risk management at lacois.com. Renko charts offer a unique perspective on market trends, aiding traders in making informed decisions while minimizing risks. Explore our platform for valuable insights and resources on incorporating Renko charts into your risk management strategies. With user-friendly tools and expert guidance, lacois.com equips traders of all levels with the knowledge and tools necessary to succeed in the dynamic world of trading. Elevate your risk management game with Renko charts at lacois.com today.

Bitcoin in Tight Trading Range, but What’s Next?

Posted on By rosered44

Bitcoin is drifting around the $11,000 mark as the latest news continued to be negative on the cryptocurrency.

10264 Bitcoin is drifting around the $11,000 mark as the latest news continued to be negative on the cryptocurrency.

Bitcoin, at first, was seen as a new way to make fast and cheap payments online.  That concept has changed.  People are now interested in trading Bitcoin and other cryptocurrencies.  CME and CBOE both introduced their futures contracts to trade Bitcoin, which allow traders to speculate.

Stripe, Steam and Microsoft all announced their abandonment of bitcoin recently, citing the problems associated with the network congestion, higher transaction fees, and price volatility.  Stripe.com CEO said the company would not accept Bitcoin as a form of payment.   Just 4 years ago, Stripe, an Irish technology company, said it would become the first major online payments platform to accept Bitcoin.  Time has changed.  Bitcoin now is not a form of payments, but a tool for speculation.

People no longer want to use Bitcoin on their smartphones to pay at 7-11’s.  Instead, people want to speculate on the price of Bitcoin and hopefully, make a quick profit.

Bitcoin

Related Posts

Bitcoin $12,000 Is Really Close

Posted on

Bitcoin moved slightly higher today and could have a record close again.  Yesterday, Bitcoin closed at the all time high of $11,643.98.  Today, it continued to move higher.  It’s so close to $12.000.  Currently, it is at $11789.99.  The all time high is $11,891 registered on Sunday.  Could today be…

Read More

Bitcoin Futures Contracts Began Trading on CBOE

Posted on

Bitcoin is moving higher amid the commencement of its futures contracts trading era.  With much anticipation, CBOE Bitcoin futures contracts started trading on Sunday. The new instruments allow speculators and investors alike to trade on the future prices of Bitcoin.  The spot market of Bitcoin was probably encouraged by it…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *