I Love Trading – Page 2 – Market Updates and Analysis for a better informed trading

How to Earn Passive Income with Cryptocurrencies

July 25, 2018September 29, 2018 Admin

Believe it or not, once upon a time investors made decisions past faux white papers and moon/lambo memes. I’m a large proponent of adopting cryptocurrency and blockchain projects for their actual usage – rarely for speculation or hodling. In general, rampant speculation drowns out meaningful education. However, with the diverse amount of projects released, it was only a matter of time before projects sprung up that reached back to the “fin” part of their fintech roots. All three major types of cryptocurrencies – transactional, platform and utility – are seeing…

The 7 Biggest Bitcoin Mistakes of All Time

July 12, 2018September 29, 2018 Admin

It was once said, a dumb person doesn’t learn from their mistakes, a smart person learns from their mistakes, and a genius learns from other people’s mistakes. This age-old saying rings ever true in the crypto market. Nobody’s perfect, and your Bitcoin mistakes can end up costing you big time. There are no refunds or take-backs on the BTC blockchain. Everyone makes mistakes. In terms of cryptocurrency, they can range greatly in their repercussions. In many instances, a Bitcoin mistake is small enough to recover from, but that’s not always the case….

John McAfee thinks it’s time for Jamie Dimon to surrender.

May 25, 2018September 29, 2018 Admin

In the face of ever-increasing adoption, expanded mining activity and a new period of rising prices, McAfee clearly believes that Dimon’s efforts to kill off Bitcoin and the cryptocurrency movement have failed. After clashing with him on national news back in September when he called Bitcoin a fraud, his opinion of Dimon does not seem to have improved. McAfee took to Twitter with strong words for the JP Morgan Chase CEO: To Jamie Dimon: As the brains of the Banking/Government plot to end crypto, you lied. You took our credit…

AUDUSD trading idea for the week of 14-May-2018

May 13, 2018 Admin

AUDUSD fell during the first three days of the last week but found support underneath the 0.7500 important support area. It then rallied back and formed a long hammer for the week. This hammer has been preceded by a hammer from the previous week as well. This could mean that the pair can now go and re-rest the up trend line that has been broker the previous week. Trading Preference The preference at this moment is to buy the pair as we can also anticipate a corrective move of USD…

GBPUSD Trading idea for the week of 7-May-2018

May 6, 2018 Admin

GBPUSD has fallen rather significantly for three consecutive weeks, and we can see that an important uptrend has been broken. This is a very important development for this pair. Week economic data from UK has contributed to this, in addition to the strength of US Dollar. Trading Preference Preference is to sell the pair. It is possible that the pair can bounce up and test the trend line before the continuation of the move to the downside. However, break below last week’s low can also be a good opportunity to…

AUDUSD trading idea for the week of 7-May-2018

May 6, 2018 Admin

AUDUSD traded around 0.7500 which is an important area of support. At times the dips went as low as 0.74725. However the break below the support was not sustained and hence the pair bounced back above 0.7500. When we look at the weekly chart, this has been translated into a hammer. Trading preference The hammer is bullish sign, therefore it is possible that the pair can go to test the uptrend line before continuing its fall towards support and even below after that. The preference of trading at this point…

GBPUSD analysis for the week of 30-April-2018 – testing the support

April 28, 2018April 28, 2018 Admin

GBPUSD has fallen for two consecutive weeks. The fall was rather drastic on Friday due to the weak GDP data from UK. We can see that this week’s action will be crucial for the direction of the pair. It could soon test the uptrend line that we have been observing for quite some time now. If the trendline is broken to the downside it could send the pair much lower. This could happen if the fundamentals from UK disappoints again in the coming week, and/or due to the strength of…

AUDUSD analysis – Weekly uptrend lines broken

April 28, 2018April 28, 2018 Admin

The trading week of 23-27 April 2018 has been significant for the AUDUSD pair. A major weekly uptrend line that has held since the late 2015 has been broken. It looks like there may be a pull back to test the trendline and then continue the move downwards. There is another support just below around 0.7500 area. If that is broken, the pair can unwind to the downside rather quickly. Trading preference At this moment the preference is to short the pair once the up trendline has been tested and…

USDCAD trading idea for the week of 23-April-2018

April 22, 2018April 22, 2018 Admin

This currency pair initially fell during the week but then found support around 1.25. This coincided with the interest rate announcement from Canada. Since then the pair has rallied for 3 consecutive days, and accelerated further due to the weak retail sales and CPI data from Canada on Friday. Those who think that Canadian Dollar will always rally when Crude oil price goes up, should realize that the fundamentals from the economy is also equally important. We are beginning to see the weakness in Canadian economy at the moment. It…

GBPUSD Trading idea for the week of 23-April-2018

April 21, 2018April 22, 2018 Admin

GBPUSD pair initially tried to rally, but rolled over and has fallen for 3 consecutive days beginning on Wednesday. This was due to the disappointing CPI data on Wednesday and the equally disappointing retail sales data on Thursday. The pair closed the week a handful of pips above 1.4000 level. This level could offer a bit of a support, but can easily break due to the weak fundamentals. Therefore it looks like if anything could provide support, it will be the up trendlines as shown below. Trading Preference We need…