UBP Smart Gurukul

UBP Smart Gurukul is a Channel for all those people who are willing to earn money online From Stock Market, Bitcoin, MLM Company, Online Earning Apps and Websites. I am working online from last 10 years now and have good enough experience in nearly all fields of online money making methods . So with help of my blog i would like to help more and more people to make money online! So subscribe my blog as you will get lot of earning tips on UBP Smart Gurukul that will help you to earn money Online.

Saturday 29 February 2020

13 PSU banks hit 52-week lows; should you start cherry picking?

Allahabad Bank is the worst hit, down 40% YTD. It hit the 52-week-low of Rs 11.1 on Friday.

from Stocks-Markets-Economic Times https://ift.tt/2wZThQW

Coronavirus may contract China GDP by 6%: Pimco

The GDP contraction would push down year-on-year growth to 3%, compared with 6% expansion last year.

from Stocks-Markets-Economic Times https://ift.tt/2uG36CD

Trump says it's 'about time' Fed cuts interest rates

Fed Chairman Jerome Powell on Friday opened the door to a rate cut, citing the “evolving risks” posed to the U.S. economy from the virus.

from Stocks-Markets-Economic Times https://ift.tt/3coSzNs

Abu Dhabi wealth fund weighs stake in BR Shetty’s troubled NMC

The potential deal comes as NMC faces allegations by Carson Block’s Muddy Waters Capital LLC that its financial statements hint at potential over payment for assets, inflated cash balances and understated debt.

from Stocks-Markets-Economic Times https://ift.tt/2I9SzTy

Tweet Buster: Markets in ‘panicdemic’ & why RBI can’t soften coronavirus hit

Sensex nosedived 1,448 points alone on Friday to log its second-worst pointwise decline in history.

from Stocks-Markets-Economic Times https://ift.tt/389cNY8

Bitcoin Faces Drop To $8K Following Bearish Reversal Signal

Bitcoin declined more than $1,500 in the past few days against the US Dollar. BTC is now facing a drop to $8,200 or $8,000 before a strong upward move in the coming days. After forming a short term top, bitcoin price dived below $9,000 and $8,800. The price is currently consolidating above $8,500, with a few bearish signals. There is a key declining channel forming with resistance near $8,660 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct in the short term, but it remains vulnerable to a drop towards $8,000. Bitcoin Could Dive Towards $8,000 This past week, bitcoin extended its decline below the $9,200 and $9,000 support levels against the US Dollar. BTC price even settled below $9,000 and the 100 simple moving average (4-hours). It traded to a new weekly low at $8,441 and recently started consolidating losses. There was a minor upside correction above the $8,550 and $8,700 levels. Besides, there was a break above the 23.6% Fib retracement level of the key decline from the $10,020 high to $8,441 low. However, the recent correction failed near the $8,950 and $9,000 levels. It seems like bitcoin bulls are struggling to gain momentum above the $8,800 level. There is also a key declining channel forming with resistance near $8,660 on the 4-hours chart of the BTC/USD pair. Bitcoin Price On the downside, the $8,500 and $8,450 levels are initial supports. If the bulls fail to defend the recent low of $8,441, there is a risk of a sharp decline. The next key supports on the downside are near the $8,200 and $8,000 levels, where the bulls are likely to take a strong stand (as discussed in one of the recent analyses using the daily chart). Upside Correction If there is a clear break above the channel resistance, bitcoin price could test the $8,820 resistance level. If the bulls manage to gain strength above $8,820, there are chances of a decent recovery towards the $9,200 resistance area. The key breakout zone is near the $9,200 and $9,300 levels. The 50% Fib retracement level of the key decline from the $10,020 high to $8,441 low is also near the $9,230 level to act as a hurdle. Therefore, upsides are likely to remain capped unless there is a solid rally above the $9,200 and $9,300 levels. Technical indicators 4 hours MACD – The MACD for BTC/USD is about to move back in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 40 level. Major Support Level – $8,500 Major Resistance Level – $9,200

from NewsBTC https://ift.tt/2VAgrHG

Central banks on coronavirus alert as stock markets seek action

It’s a heavy week of speakers from the Fed. About a dozen policy makers will make public remarks.

from Stocks-Markets-Economic Times https://ift.tt/38cpBwO

Coronavirus, GDP data, SBI Card IPO among key factors that will guide market next week

India’s economy expanded by 4.7 per cent in the quarter ended Dec 31, data showed on Friday.

from Stocks-Markets-Economic Times https://ift.tt/2T97iV1

Can Ethereum Bulls Overcome This Hurdle To Start Fresh Rally?

Ethereum decline to a new 3-week low at $208 against the US Dollar, similar to bitcoin. ETH price could correct higher in the short term, but upsides are likely to remain capped near $242. ETH price is currently showing a few recovery signs from the $208 low against the US Dollar. The price is now trading above the $220 level, but it is facing many hurdles. There is a major bearish trend line forming with resistance near $225 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to correct above $230, but the bulls could struggle near $242 and $243. Ethereum Price is Correcting Losses This past week, Ethereum declined steadily below the $250 support level against the US Dollar. ETH price even traded below the $242 support level and settled well below the 100 simple moving average (4-hours). It traded as low as $208 and recently started an upside correction. There was a break above the $215 and $220 resistance levels. The price even climbed above the 23.6% Fib retracement level of the key decline from the $278 swing high to $208 weekly low. However, Ethereum seems to be facing a couple of hurdles near the $230 zone. There is also a major bearish trend line forming with resistance near $225 on the 4-hours chart of ETH/USD. Ethereum Price If the bulls succeed in clearing the trend line resistance, the next stop for the bulls could be $236. The main hurdle on the upside is near the $242 and $243 levels. The 50% Fib retracement level of the key decline from the $278 swing high to $208 weekly low is also near the $243 level to act as a major resistance along with the 100 simple moving average (4-hours). Therefore, the bulls are likely to struggle near $242, $243, and the 100 simple moving average (4-hours). A successful close above the $243 level and the 100 SMA is needed to start a fresh increase towards the $270 level. $200 As an Important Support On the downside, an initial support is seen near the $215 level. The first key support for Ethereum is near the $208 and $205 levels. The main support is still near the $200 handle, below which there is a risk of a trend change from bullish to bearish in the medium term. Technical Indicators 4 hours MACD – The MACD for ETH/USD is slowly moving in the bearish zone. 4 hours RSI – The RSI for ETH/USD is recovering and it is above the 40 level. Major Support Level – $205 Major Resistance Level – $242

from NewsBTC https://ift.tt/2TcY5La

Providers Offering a Crypto Cashback Continue to pop up

Getting more people excited about cryptocurrencies requires real-world use cases. Cashback rewards denominated in Bitcoin may be the best solution in this regard.

Multiple service providers offer a cryptocurrency cashback in this modern age.

A Cryptocurrency Cashback is Always Welcome

It is a great way to get people excited about Bitcoin.

When one spends money using a credit or debit card, and receives some money back, it is always a win-win situation.

When that cashback comes in the form of small amounts of Bitcoin, interesting concepts come to light.

While it may not improve retail adoption of cryptocurrency, a service on this scale can usher in the era of mainstream adoption.

Service providers to keep an eye on in this regard include Fold, Lolli, and now Plutus.

As more companies look into crypto cashbacks, the adoption rate of Bitcoin is likely to increase.

The bigger question is whether people will seek out such service providers.

Collecting air miles and other potential rewards remains very popular in the United States.

For now, the crypto cashbacks are seemingly more appealing than traditional options.

A flat 3% return on all transactions with no limitations is pretty significant.

Especially during this time of financial unrest, exploring financial alternatives is never a wrong decision.

Image(s): Shutterstock.com

The post Providers Offering a Crypto Cashback Continue to pop up appeared first on The Merkle Hash.

from The Merkle Hash https://ift.tt/3cdxMfs
via IFTTT

This Odd Factor Suggests Bitcoin’s Bull Case is Rapidly Building After 20% Drop

After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after the nearly 20% drop it has experienced this far. Litecoin Prints Signs of Bottom, Boding Well for Bitcoin Prominent cryptocurrency trader Big Cheds recently identified that Litecoin is seemingly “working on a potential triple bottom,” marked by consolidation around a central price point and divergences with the four-hour on-balance volume and relative strength index indicators. This confluence should see Litecoin start to break higher in the coming days as the divergence plays out. $LTC #Litecoin 4 hour – working on a potential triple bottom, with both OBV and RSI bull divergence pic.twitter.com/w0lOHExzfm — Big Cheds (@BigCheds) February 29, 2020 So why is this relevant for Bitcoin? Well, LTC has long acted as a pseudo-bellwether for the rest of the cryptocurrency market. The most memorable case of this was in the first half of 2019, which is when LTC started rallying dozens of percent higher week over week while Bitcoin flatlined around $4,000. For around two months, the asset rallied on its own, then was followed by BTC and the rest of this nascent asset class. Also, just earlier this month, Litecoin started rallying before Bitcoin did, as shown in the chart below and the subsequent price action. What if Litecoin is leading Bitcoin again, like it did last week? pic.twitter.com/mLoBj7VOax — Loma (@LomahCrypto) February 5, 2020 So, Litecoin’s ability to precede the rest of the market is important because it suggests that should LTC start bottom and rally from here, so too should Bitcoin. Related Reading: Crypto Tidbits: Bitcoin Plunges Under $9,000, Bitfinex and OKEx DDOS Attacks, Warren Buffett Bashes Cryptocurrency Again Other Bullish Signs Josh Olszewicz of Brave New Coin has suggested over the past few months that surges in the VIX, the CBOE’s volatility index for the S&P 500, have correlated with Bitcoin bottoms. NewsBTC’s further analysis on the subject seemingly found this correlation to be true; we found that when the three times when the VIX passed 30 over the past five years, BTC was in close proximity to a bottom. For instance, the time the VIX passed 30 in August 2015 was when Bitcoin bottomed at $220 prior to skyrocketing to $20,000 — a gain of nearly 10,000% — in the coming 26 months. And the time after that was in February 2018, just when BTC bottomed at $6,500 after crashing from $20,000. This week, the VIX crossed 30 once again as the S&P 500 started to crash, falling by 10% within a week’s trading. Should history repeat itself, Bitcoin is very close to a bottom. .@CarpeNoctom suggested spikes in the VIX correlate (spurious?) with Bitcoin bottoms. He's not kidding. Times the VIX passed 30 in the past 5 years: Dec 23, 2018: a week after BTC fell to $3,150Feb 3, 2018: when BTC bottomed at $6,500Aug 22, 2015: when BTC bottomed at ~$220 pic.twitter.com/vS7E60rNJp — Nick Chong (@_Nick_Chong) February 27, 2020 That’s not all. Per previous reports from NewsBTC, Sawcruhteez — the trader who called Bitcoin’s price action for most of January — suggested that BTC has over the past few days printed a price pattern similar to that seen in December, meaning that there’s a likelihood Bitcoin is bottoming and may soon explode higher past $9,000. Featured Image from Shutterstock

from NewsBTC https://ift.tt/32B38bF

Why a Hedge Fund’s Attempt to Usurp Twitter CEO Jack Dorsey Could Hurt Crypto

Yesterday, it was revealed that an activist hedge fund has intentions to remove Twitter’s CEO, Jack Dorsey. Crypto, interestingly enough, could be negatively affected by this move. Hedge Fund Seeks To Oust Twitter CEO, Jack Dorsey While Jack Dorsey has made his love for Bitcoin and crypto a big part of his personal brand over the past few months, he is first and foremost the chief executive of both social media platform Twitter and leading fintech firm Square. Dorsey’s leadership position at Twitter may soon end — if a hedge fund has its way that is. According to a Bloomberg report citing “people familiar with the matter,” the pro-crypto executive may soon be replaced because of Elliot Management Corp, an activist hedge fund, taking a sizable stake in Twitter. The sources explained that this stake allows Elliot to nominate some of its people onto the board of directors, potentially giving them the capacity to move to replace Twitter’s incumbent CEO, which some have criticized in the past for simultaneously operating two companies. May Harm Crypto & Bitcoin As crazy as this may sound, this move could hurt Bitcoin’s and crypto’s prospects moving forward. BTSE’s marketing director Lina Seiche shared the below headlines on Saturday, showing that Elliot Management in 2018 described crypto assets as “one of the most brilliant scams in history.” Uh oh pic.twitter.com/sx9DIogHgC — Lina Seiche (@LinaSeiche) February 29, 2020 Indeed, as Business Insider reported on the matter, the fund told clients in a letter that “cryptocurrencies are nothing except the marketing power of inventors, financiers and others who love the idea of buying a black box.” They went on to bash crypto assets as not just a bubble” and “not just a fraud,” marking one of the most “brutal takedowns” of Bitcoin and its ilk from a Wall Street company. This is relevant to the potential removal of Dorsey from the office of Twitter’s CEO as the company has seemingly shown intent on implementing features that may revolve around Bitcoin. If Elliot Management, with its anti-crypto skew, manages to put someone else in the seat that Dorsey currently resides in, Twitter’s potential attempts at integrating crypto will likely be canceled. Dorsey Still Entrenched At Square While Dorsey’s position at Twitter is at risk, he seems to be perfectly entrenched as the CEO of Square, which just posted an “upbeat earnings forecast,” as MarketWatch put it. This is important because crypto, due to Dorsey’s support of the cryptocurrency and the surrounding ecosystem, has become core to Square’s operations; 50% of the company’s revenues (though only 2% or so of its profits) were derived from the sale of BTC through Square’s Cash App. Also, the fintech company has its own crypto division, which just recently released its first product: The Lightning Development Kit that should make using the Lightning Network, a Bitcoin scaling solution, that much easier. Featured Image from Shutterstock

from NewsBTC https://ift.tt/39bvOun

Friday 28 February 2020

Your insurer just wants to #39;keep in touch#39;

Usage of WhatsApp by insurers is becoming more common in India. But is it necessary?

from Moneycontrol Latest News https://ift.tt/2x09A0d

Explained | SBI Cards IPO subscription to open soon; what should investors do?

In this Moneycontrol special video, Sakshi Batra tells you about the SBI IPO and expert recommendations for investors on the same.

from Moneycontrol Latest News https://www.moneycontrol.com/news/ipo-upcoming-issues/explained-|-sbi-cards-ipo-subscription-to-open-soonshould-investors-do_13539341.html

Market crash is valuation play, coronavirus just the scapegoat

Short-term traders should remain on the sidelines as VIX is ruling extremely high.

from Stocks-Markets-Economic Times https://ift.tt/2uEBtdc

Market is in longer duration time wise correction, says Ajay Khandelwal

Earnings surprises and misses have been evenly matched for this quarter. It has been a mixed bag but the big earnings revival seems to be round the corner

from Moneycontrol Latest News https://ift.tt/385CIjr

The charm of PE multiples: Here are the safe havens

About 30 stocks from the BSE500 index have managed to buck the trend on D-Street.

from Stocks-Markets-Economic Times https://ift.tt/2I5Y0CS

Mid and smallcaps cede their entire 2020 gains

The broader markets fell in line with the slump in the main benchmarks on Friday.

from Stocks-Markets-Economic Times https://ift.tt/32CGhwr

Tata Motors to shut Concorde Motors as part of trimming flab

Concorde has registered a loss for five consecutive years, with cumulative losses crossing Rs 366 crore. The winding-up process is in the final stages and it will be completed before fiscal-end. The company had 34 showrooms and 17 workshops with a workforce of 2,200-plus at end of FY19, which are on the last stage of liquidation.

from Stocks-Markets-Economic Times https://ift.tt/2wj3DuA

M&M Alyte to be cab aggregator for corporates

Alyte, run under Mahindra Logistics; Meru Cabs, in which Mahindra group owns 55%; etaxi service Glyd; and First Choice, M&M’s used car business, will be housed under the new mobility services vertical. M&M plans to roll out a mobile application for Alyte in the next month. It will work on the basis of contracts with companies.

from Stocks-Markets-Economic Times https://ift.tt/2I2UKbm

Moneycontrol Pro Weekender: Time to pay the bill?

There is no reason to believe that the worst is behind us.

from Moneycontrol Latest News https://ift.tt/2VsmRJ0

Editor#39;s Take | Impact of abolishment of DDT in Budget 2020 on MF investors

Moneycontrol#39;s Shraddha Sharma talks to Personal Finance Editor Kayezad Adajania to tell us more about this move and how this would impact mutual fund investors.

from Moneycontrol Latest News https://www.moneycontrol.com/news/mutual-funds/editor39s-take-|-impactabolishmentddtbudget-2020mf-investors_13539261.html

Rising concerns over global recession: Markets can’t mask their fear

Investor wealth worth Rs 4.81 lakh crore was wiped out in a day.

from Stocks-Markets-Economic Times https://ift.tt/39c3ibI

Dow, S&P suffer biggest weekly plunge since 2008 crisis

Of the S&P's 11 major sectors, the rate-sensitive financial index weighed the most on the benchmark S&P 500 index, ending the day down 2.6 per cent.

from Stocks-Markets-Economic Times https://ift.tt/2Tpgfs3

For long-term SIPs, follow 70:20:10 rule: Experts

"SIP investors should allocate 70% to large-caps, 20% to mid-caps and 10% in small-caps," says expert.

from Stocks-Markets-Economic Times https://ift.tt/2PA9oef

2020 Maruti Suzuki Vitara Brezza petrol first drive review

2020 Maruti Suzuki Vitara Brezza petrol first drive review

from Moneycontrol Latest News https://ift.tt/2I7Mmau

This One Headline Just Made Crypto Investors Astronomically Bullish on BTC

Bitcoin and the crypto market haven’t been the only assets falling over the past week or two. This week marked one of the stock markets and commodity market’s worst performances in history, with the S&P 500 and Dow Jones falling by around 12% from their all-time highs established just earlier this month. It was so bad that Thursday marked the Dow Jones’ worst performance in history, when it shed over 1,000 points in a single trading session. JUST IN: Over $6 trillion has been wiped off global stock-markets in the worst week since the Global Financial Crisis — The Spectator Index (@spectatorindex) February 28, 2020 The Federal Reserve, the United States’ central bank, has obviously been pushed to react to the potentially flagging economy. And analysts say that the potential response from the monetary authority will be astronomically bullish for Bitcoin and other crypto-assets moving forward. Federal Reserve Implies Rate Cuts, Adding to Bitcoin & Crypto’s Bull Case Over the past few weeks, as the coronavirus-caused disease COVID-19 has spread around the world, analysts (from crypto to fiat) have been fearing the worst for the economy; while a small portion of the world has been infected, dozens of millions have been affected in some way — travel bans, event cancellations, school closures, etc. — leading to data showing consumption is slowing. The Federal Reserve has obviously been pushed to respond to the growing fears. Chairman Jerome Powell said Friday: “The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. […] We will use our tools and act as appropriate to support the economy.” Statement from Federal Reserve Chair Jerome H. Powell: https://t.co/IDTpinSICO pic.twitter.com/nJuYfVbujY — Federal Reserve (@federalreserve) February 28, 2020 Market participants, from those on Wall Street to those dabbling in crypto assets, immediately took this as a sign that the Federal Reserve is preparing to cut its already-historically-low policy interest rate. Indeed, the year-end futures for the Fed Funds rate just hit 0.63%, meaning investors expect the central bank to continue to cut rates into the end of 2020 to stimulate the economy. Crypto investors have taken this likely impending rate cut as proof of BTC’s long-term validity. Ikigai Asset Management’s Travis Kling accentuated that the Federal Reserve’s latest comment confirms that “radical monetary policy remains.” This is relevant to Bitcoin because Kling thinks the more “irresponsible” central banks and governments are with money, the more BTC makes sense, for the crypto asset is scarce, hard-capped, non-sovereign, global, immutable, decentralized, and a digital store of value — much unlike the fiat that dominates the world today. Here's the BRILLIANT trick the market is playing right now- Central bankers have *zero* choice. Global rate cuts & heavy QE ASAP. Market implying *96%* odds of 50bps cut in March. That was 0% yesterday. Corona ends up ok. Big GDP hiccup but ok. Radical monetary policy remains. — Travis Kling (@Travis_Kling) February 28, 2020 Featured Image from Shutterstock

from NewsBTC https://ift.tt/2T7n3f2

#39;Coronavirus a â€˜black swanâ€™ event; next support for Nifty placed at 11,100 levels#39;

The Nifty is near the critical support zone of 11,200-11,100 and if it stabilises here then investors should start accumulating good quality stocks while traders can go long in stocks which have relative strength

from Moneycontrol Latest News https://www.moneycontrol.com/news/market-outlook/39coronavirusâ€˜black-swanâ€™-event-next-support-for-nifty-placed-at-11100-levels39_13539221.html

Investors lose nearly Rs 10 lakh crore in February; 25 BSE stocks buck trend

The SP BSE Sensex plunged 5.96 percent while the Nifty50 was down 6.21 percent in the month of February making it one of the worst monthly fall since September 2018, data showed.

from Moneycontrol Latest News https://ift.tt/2I7rVuw

SP falls for seventh day, suffers biggest weekly plunge since 2008 crisis

The Dow Jones Industrial Average fell 357.28 points, or 1.39%, to 25,409.36; the SP 500 lost 24.54 points, or 0.82%, to 2,954.22; and the Nasdaq Composite added 0.89 point, or 0.01%, to 8,567.37.

from Moneycontrol Latest News https://ift.tt/2TsbJsL

SP falls for seventh day, suffers biggest weekly plunge since 2008 crisis

Steven Seagal Pays up $330,000 Following his ICO Endorsement

Plenty of celebrities have openly endorsed initial coin offering in 2016 and 2017. It was a matter of time until that type of behavior would have negative repercussions.

Steven Seagal is one of the multiple celebrities paid to promote an ICO.

Steven Seagal Pays a Hefty Price

At the time, there was no pressure by the SEC for such projects.

Years later, Seagal came under scrutiny of the SEC for his association with an initial coin offering endorsement.

His endorsement pertains to Bitcoiin2Gen, an ICO which never amounted to much.

Steven Seagal hinted on social media to not miss out on this ICO.

For this behavior, the movie star is now fined $330,0000, as Bitcoiin2Gen is an unregistered security offering.

Becoming the brand ambassador of a project intent on raising millions despite having no business plan is never a smart decision.

It appears that Seagal also received $1 million for promoting this initial coin offering, which is a very substantial amount.

Of that transaction, $250,000 was paid in cash, and the remainder in the Bitcoiin2Gen tokens.

As this token plummeted in value after the ICO, it never amounted to much.

Steven Seagal never disclosed how he received a payment for his endorsement, albeit most people acknowledge he would never do something like this free of charge.

Image(s): Shutterstock.com

The post Steven Seagal Pays up $330,000 Following his ICO Endorsement appeared first on The Merkle Hash.

from The Merkle Hash https://ift.tt/2weZ2Kd
via IFTTT

Top Analyst Explains Why He’s Buying Bitcoin At $8,500 After 18% Retracement

After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move. While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the $8,500 to $8,600 level, where it was trading just hours ago per data from TradingView. Related Reading: Why Bitcoin Holding This Crucial Level Will Set Stage for “Parabolic Advance” The Case for a Bullish Bitcoin Reversal From $8,500 LightCrypto, a prominent cryptocurrency market commentator, on Friday explained why he is a “buyer of BTC at the $8,500-$8,600 level, near 20% off the recent local high” of $10,500. In a Twitter thread outlining his stance on Bitcoin, he remarked that the asset has held up surprisingly well as gold has fallen off the face of the Earth, relatively speaking, plunging under $1,600 after nearing $1,700. Gold falling, “a further sign of an emotional and capitulatory macro environment,” as Bitcoin has effectively flatlined, Light implied, is a sign the cryptocurrency still has support from buyers. /3 Gold is down the most since 2013, possibly sold to cover margin calls – this is a further sign of an emotional and capitulatory macro environment. In all of this, Bitcoin has held, losing less on the day than gold(!). pic.twitter.com/EDcIYNNCyQ — light (@LightCrypto) February 28, 2020 Light further accentuated that BTC has bid-side demand when he wrote that while there have been “multi-million dollar market sells into a confluence of potential support levels,” Bitcoin has held, suggesting “latent buying interest”: “The tuned-in market observer has also seen tremendous absorption of chunky multi-million dollar market sells into a confluence of potential support levels. This sort of spasticated action with price not budging downwards is indicative of a large, patient latent buying interest.” This somewhat optimistic technical picture has been underscored by a growing tide of bullish fundamental factors for Bitcoin: Light wrote that the impending nature of the block reward halving in May 2020, the likely interest rate cuts from the world’s central banks, and the fiscal stimuli being promised by the world’s governments make “Bitcoin’s inherent tilt […] overwhelmingly bullish.” Not Only Optimist Light isn’t the only optimist in these frothy crypto markets. Yesterday, this writer shared the below chart on Twitter, building off a comment from Brave New Coin’s Josh Olszewicz that spikes in the stock market’s volatility have correlated with Bitcoin bottoms. This writer’s analysis found that every time the VIX, the CBOE’s volatility index derived from S&P 500 options data, passed 30 in the past five years, BTC has found itself at a macro or local bottom. Case in point, a case when the VIX hit 30 in 2015 marked the macro bottom at $220 that preceded the rally to $20,000. And more recently, the VIX passed 30 in December 2018, just a week after Bitcoin found a bottom around $3,150. .@CarpeNoctom suggested spikes in the VIX correlate (spurious?) with Bitcoin bottoms. He's not kidding. Times the VIX passed 30 in the past 5 years: Dec 23, 2018: a week after BTC fell to $3,150Feb 3, 2018: when BTC bottomed at $6,500Aug 22, 2015: when BTC bottomed at ~$220 pic.twitter.com/vS7E60rNJp — Nick Chong (@_Nick_Chong) February 27, 2020 Featured Image from Shutterstock

from NewsBTC https://ift.tt/2wZXcgJ

2020 BMW X5 M Competition first drive review

2020 BMW X5 M Competition first drive review

from Moneycontrol Latest News https://ift.tt/2PtOEF9

Something “Huge” is Brewing in the Crypto Market; Factors to Watch

It’s no secret that the past couple of weeks have been quite negative for Bitcoin and the aggregated crypto market, with many major altcoins incurring intense downtrends that have erased a significant amount of gains incurred throughout the first couple of months in 2020. Most major cryptocurrencies, however, are now nearing critical support levels that could catalyze an intense relief rally. These levels also seem to coincide with a massive pennant that that total crypto market cap has been caught within, leading one analyst to note that the market could be preparing for “something huge.” Bitcoin and Crypto Market Near Key Support Levels That Could Spark Relief Rally At the time of writing, Bitcoin is trading down marginally at its current price of $8,730, which marks a notable climb from daily lows of $8,400 that were set when bears attempted to catalyze an intense selloff overnight. Bulls were able to step up and absorb the majority of this selling pressure, subsequently allowing BTC to reclaim its key support level at $8,700. This BTC volatility led the aggregated crypto market to move in tandem, with many major altcoins posting decisive bounces from their daily lows. Crypto Michaël – a prominent cryptocurrency trader and former full-time trader at the Amsterdam Stock Exchange – spoke about the markets in a recent tweet, explaining that he is anticipating BTC and major altcoins to drop slightly further before they find intense support. “If the markets make one more further drop south (and we lose these levels), I’d be watching 190-195$ for $ETH and $7,500-7,700 for $BTC. Think we also should see some relief in the equities markets after such a terrific week,” he explained. If the markets make one more further drop south (and we lose these levels), I’d be watching 190-195$ for $ETH and $7,500-7,700 for $BTC. Think we also should see some relief in the equities markets after such a terrific week. — Crypto Michaël (@CryptoMichNL) February 28, 2020 Something Huge Could be Brewing in the Markets The notion that Bitcoin and the market will drop further before finding some significant uptrend-catalyzing support isn’t unique to Michaël, as Murad – another highly respected analyst – recently offered a very interesting chart showing the total crypto market capitalization. While looking at the chart, it does appear that the market is trading within a massive flag, with this potentially meaning “something huge” is looming on the horizon. “Very interesting dynamic on the TOTAL chart. There seems to be a generational pivot precisely at the intersection of the two most important diagonals on the entire chart dating back to the ATH. Could BTC be coiling in preparation for something huge?” Very interesting dynamic on the TOTAL chart. There seems to be a generational pivot precisely at the intersection of the two most important diagonals on the entire chart dating back to the ATH. Could BTC be coiling in preparation for something huge? pic.twitter.com/BNwuRs8Bo6 — Murad (@MustStopMurad) February 28, 2020 If the crypto market does dip lower before incurring some intense upwards momentum, it is possible that this formation will be validated, meaning that a massive movement is imminent. Featured image from Shutterstock.

from NewsBTC https://ift.tt/2Tb57QN

Thursday 27 February 2020

Delhi Violence LIVE Updates: Police forms two Special Investigation Teams to probe riots

Live updates of developments from north-east Delhi which has seen violence over the contentious Citizenship Amendment Act (CAA)

from Moneycontrol Latest News https://ift.tt/2HZlmKr

Retail sector workers should take pride in their jobs: Smriti Irani

"There should be no sense of shame in wanting to be a retail employee. When I began my job at McDonald#39;s, my job was jhaadu-pochha (cleaning) and my ambition, when I joined, was to stand at the cashier#39;s position... a retail employee," she said during TRRAIN Retail Awards 2020, given to recognise exceptional customer service in the retail industry.

from Moneycontrol Latest News https://ift.tt/387dEbI

Julian Assange#39;s UK extradition hearing paused until May

Judge Vanessa Baraitser, who will ultimately rule on the controversial case, ordered the legal teams for the 48-year-old Australian and the US government to reconvene for brief case management hearings in March and April.

from Moneycontrol Latest News https://ift.tt/2uCaGy9

India, US expected to seal first phase of mega trade deal soon

Official sources said India and the US have almost completed negotiations for first phase of the ambitious deal and it will be formalised soon.

from Moneycontrol Latest News https://ift.tt/397z3mj

India, Myanmar sign 10 pacts with focus on development of conflict-torn Rakhine state

The Myanmarese president, who arrived in India on Wednesday, received a ceremonial welcome at the Rashtrapati Bhavan. He and First Lady Daw Cho Cho were welcomed by President Ram Nath Kovind and PM Modi.

from Moneycontrol Latest News https://ift.tt/2Vthv03

Need to keep up pressure on Pakistan to crackdown on terror: India told US in talks

Government sources said the threat of cross-border terrorism and the proposed peace deal between the US and the Taliban figured prominently during Prime Minister Narendra Modi#39;s talks with US President Donald Trump on Tuesday.

from Moneycontrol Latest News https://ift.tt/3cfvAnW

US lawmakers seek assurances, transparency on #39;Taliban deal#39;

In a letter to Secretary of State Mike Pompeo and the defense secretary, these Congressmen called for prioritisation of American security as the US pursued a peace agreement with the Taliban.

from Moneycontrol Latest News https://ift.tt/2TqpXux

Coronavirus and its impact on the Indian consumer durables industry

NULL

from Moneycontrol Latest News https://ift.tt/2Pyk1hE

IndiGo panel reduces Kamra ban period to 3 months; he says not regretful

"... I have no comment to offer on IndiGo banning me for 3 months instead of the 6 months now," Kamra said in a Facebook post on Thursday.

from Moneycontrol Latest News https://ift.tt/3cjyhF4

BJP received Rs 742cr in donations in 2018-19, Congress Rs 148cr: ADR

Donations for the BJP increased from Rs 437.04 crore during 2017-18 to Rs 742.15 crore during 2018-19, a rise of 70 per cent, the ADR said.

from Moneycontrol Latest News https://ift.tt/2Pxpm8Z

China reports 44 new virus deaths, lowest rise in new cases in over a month

The number of fatalities -- which is up from the 29 reported on Thursday -- were all in Hubei province, the epicentre of the outbreak, except for two deaths in Beijing.

from Moneycontrol Latest News https://ift.tt/2Pxp3eu

Donald Trump#39;s trip demonstrates value US places on ties with India: Mike Pompeo

Trump#39;s "first official trip to India this week demonstrates the value the US places on the US-India partnership", Pompeo said in a tweet on Thursday, a day after the president returned from his historic two-day visit to India with stops in Ahmedabad, Agra and New Delhi.

from Moneycontrol Latest News https://ift.tt/2VtgTHN

Vistara takes delivery of its first B787-9 Dreamliner aircraft

The plane, which has the registration number VT-TSD, will depart from the Boeing facility here at 2 pm (local time) on Friday and land in Delhi at 2 pm (local time) on Saturday, Vistara officials said here.

from Moneycontrol Latest News https://ift.tt/3aaZTtV

Gold rises as coronavirus fuels global slowdown worries

Spot gold gained 0.2% to $1,645.79 per ounce by 0055 GMT, and was up about 0.1% for the week.

from Moneycontrol Latest News https://ift.tt/2I6jPly

Coronavirus and its impact on the Indian consumer durables industry

NULL

from Moneycontrol Brokerage Recos https://ift.tt/2Pyk1hE

Dow registers a record one-day points drop on Pandemic fears

The Dow Jones Industrial Average fell 1,190.95 points, or 4.42%, to 25,766.64, the SP 500 lost 137.63 points, or 4.42%, to 2,978.76 and the Nasdaq Composite dropped 414.30 points, or 4.61%, to 8,566.48.

from Moneycontrol Global Markets https://ift.tt/389t3rU

Pages

Saturday 29 February 2020

A Cryptocurrency Cashback is Always Welcome

Friday 28 February 2020

Steven Seagal Pays a Hefty Price

Thursday 27 February 2020