Market Pulse: Bitcoin Holds 30K, Tags the 50-day SMA

275

Bitcoin has bled lower for the last three weeks, but some interesting things appeared on the chart today.

Click here to view the related idea and chart analysis on TradingView.

Advertisement
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

Previous articleMarket Pulse: Bank of America Has Pulled Back Hard
Next articleTrains Good, Planes Bad: Transports and Traveling After Coronavirus
David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.