Bitcoin crash: what’s behind crypto collapse?

https://www.tradinggeniusquick.com/2022/11/bitcoin-crash-what-is-behind-crypto-collapse.html , the most well-known cryptocurrency, has fallen from its November 2021 high of $69,000 to below $16,000. The cause of the decline is due to several factors such as the global stock downturn, the war in Ukraine, inflationary fears, and higher interest rates. Another reason is the failure of FTX, one of the biggest cryptocurrency exchanges in the world, which caused a slump in November 2022. Bitcoin's volatility is due to its lack of an underlying asset, making it solely driven by investor speculation. Several adverse reports and threats of regulation have contributed to the decline, including a halt in withdrawals and transfers by Celsius Network, a crackdown on cryptocurrencies by China, and Elon Musk's statement that Tesla would stop accepting digital payments. On the other hand, there have also been positive reports, such as Morgan Stanley providing access to bitcoin funds, rumors that Amazon would start accepting bitcoin, and El Salvador legalizing bitcoin as the currency. https://www.tradinggeniusquick.com/2022/11/bitcoin-crash-what-is-behind-crypto-collapse.html Join the revolution and stay ahead of the game with the latest news and insights on Bitcoin!>>>> https://www.tradinggeniusquick.com/

What are the support and resistance levels in forex trading?

Support and resistance levels are key concepts in technical analysis when trading the forex market. Support is the region on the price chart where traders are most likely to buy, and occurs when the market declines and develops a downward trend. Resistance occurs when the price chart's supply and demand levels are out of balance, and it happens when the market rises and supply outpaces demand. These levels can be identified by looking at historical prices and significant peaks or troubles accumulated over time on price charts. Understanding how support and resistance function is essential for identifying potential stop-loss locations, which is essential for successful trading. Technical indicators and trendlines can also offer moving support or resistance levels that show how the forex chart changes over time. Additionally, round numbers and moving averages can also be used to better understand the technical analysis used to read price charts when trading forex. Unlock the secrets of successful forex trading with our expert insights and analysis on support and resistance levels - only on our website. https://www.tradinggeniusquick.com/2022/11/what-are-support-and-resistance-levels-in-forex-trading.html