Market analysis：Elon Musk says Bitcoin may have already hit his benchmark on renewable energy. "I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO. Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision. “There appears to be a positive trend in the energy usage of Bitcoin,” said Musk, alsexpressing skepticism at the speed at which the network had moved towards green energy sources. “There’s just no way you could basically double or triple the amount of energy in such a short period of time with renewables [...] Tesla’s mission is accelerating sustainable energy. We can’t be the company that does that and not do appropriate diligence on the energy usage of Bitcoin.” In May, Musk announced that Tesla would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.” The price of the crypto asset subsequently fell under $40,000 for the first time since February. The Tesla CEO later clarified that the company would resume BTC transactions when there was confirmation miners were using more than 50% clean energy “with positive future trend.”
Market analysis：IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).IC Markets is considered safe because it is regulated by the top-tier ASIC.Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Market analysis：Forecast sa presyo ng Ginto: Nagsasara ang XAU / USD ng $ 1800 sa na-update na lakas ng USD. Mas mababa ang mga gilid ng ginto habang inaatake ng mga oso ang pangunahing average na paglipat.Ang mga limitasyon sa bakuna upang mabait ang mga variant ng covid na sumulong sa stimulus optimism. Ang pagboto sa panukalang batas sa imprastraktura ng US, mananatili ang mga katalista sa peligro bilang susi. Gold Lingguhang Pagtataya: Posibleng pagwawasto sa $ 1,800 bilang hawak ng pangunahing pagtutolUpdate: Ang presyo ng ginto ay nag-post ng maliliit na pagkalugi, patungo sa isang pagsubok ng marka na $ 1800 matapos na mabigo ang bulla na panatilihin sa mas mataas na antas muli. Ang isang sariwang pick up sa pangangailangan para sa dolyar ng US sa buong board, sa kabila ng isang pinabuting kalagayan sa merkado, ay may bigat sa presyo ng ginto. Ang Delta covid iba't ibang takot at pag-aalala tungkol sa runaway inflation ay patuloy na lumiwanag sa background, na nagbibigay ng suporta sa dolyar. Samantala, ang mga positibong ani ng Treasury ay nagdaragdag din ng downside pressure sa ginto. Ang mga namumuhunan, sa ngayon, ay hindi gaanong nakikinig sa mga update sa paggastos ng imprastraktura ng US. Inaasahan, ang damdaming peligro at pagkilos ng presyo ng dolyar ng US ay mananatili sa pagtuon para sa mga sariwang ginto. Ang data docket ng US ay magaan para sa Miyerkules.
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Market analysis：Dogecoin price continues to tumble after Elon Musk’s tweet, DOGE contemplates 78% decline. Dogecoin price is currently close to testing a crucial support level at $0.161.Elon Musk responds to a comment saying that his son is holding DOGE. The 2021 bull run gains might come undone if the $0.161 support shatters.Dogecoin price has dropped massively since its peak in April. This steady decline is approaching a crucial demand barrier, a breakdown of which could lead to a cascading sell-off. Elon Musk and his influence on cryptocurrenciesTesla CEO Elon Musk has played a crucial role in appreciating the market value of Dogecoin and other meme coins. While his tweets used to send dog-themed cryptocurrencies soaring, lately his influence seems to be fading away. Musk responded to one of the comments saying, “Lil X” (referring to this son) is “holding his Doge like a champ. Literally never said the word “sell” even once!” Although the mention of “Dogecoin” propped up DOGE price on July 17, the dog-themed cryptocurrency continued its descent soon after, hinting at a huge selling pressure and the diminished influence of Musk over cryptocurrencies. While Musk continues to lose his sway over the meme coins, technicals for DOGE paint red flags and warn of an incoming sell-off. Dogecoin price approaches crucial thresholdDogecoin price has dropped 76% from its peak in April to where it currently stands – $0.178. Over the past week, DOGE has slid 18% and roughly 40% since June 19, indicating that the investors are offloading their holdings. While Musk’s tweet on July 17 temporarily propped up the price, the sell-off has resumed. If Dogecoin price continues to tumble, it will approach the $0.161 support level, which forms the neckline of a head-and-shoulders pattern. This technical formation contains three distinctive peaks, with the central swing point higher than the other two referred to as the “head.” The swing highs on either side are known as “shoulders.” All the peaks bounce from a support level at $0.161 called the “neckline.” The setup forecasts a 78% decline to $0.018, determined by adding the distance between the head’s peak and the neckline to the breakout point at $0.161. Therefore investors need to keep a close eye on a decisive daily candlestick close below the said level as it will confirm the start of a downtrend. The demand zone extending from $0.045 to $0.088 might absorb the selling pressure and even contain it, but an increased bearish momentum could easily slice through this barrier.
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Market analysis：New Iranian bill to support Bitcoin mining and ban crypto payments. The parliament of Iran proposed new legislation to centralize and regulate cryptocurrency use, licenses to be issued to Bitcoin mining farms. Iran plans to issue a national cryptocurrency for domestic transaction settlement and impose a ban on the use of cryptocurrencies mined outside Iran. Licensing of Bitcoin mining operations may tackle the persistent blackouts that result from illegal mining operations consuming excess electricity. After a crackdown on Bitcoin miners, the government of Iran is now taking steps to license these operations. The blanket ban on cryptocurrency mining may be lifted soon. Central Bank of Iran attempts to counter capital flight Iran’s economy is in a crisis following the collapse of oil exports, systemic corruption, and mismanagement spanning decades. The economic turmoil has impacted the national currency, the Rial, which has severely depreciated against the dollar ever since the former U.S. President Donald Trump withdrew from the nuclear deal in 2018. Since then, the Central Bank of Iran (CBI) has been strapped for foreign currencies and attempted to counter capital flight by implementing a blanket ban on the use of cryptocurrency mined outside Iran. The ban served as an opportunity for Iran to expand power plant infrastructure and run repairs on existing power grids to try to lessen the impact of the crypto-rush. Several unlicensed mining firms have been operating around the nation since the cost of electricity is about $0.003/kWH, roughly forty times cheaper than the world’s average of $0.14/kWh.
Market analysis：BTC sinks below $40K, Bitcoin inflows to centralized exchanges surge. Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in a single hour on May 18. Moskovoski noted the hourly inflow was the largest since the March 2020 “Black Thursday” crash. With outflows from exchanges typically being inferred as indicating crypto assets are being moved into cold storage for security or DeFi protocols for yield generation, inflows are interpreted as assets being moved onto centralized platforms to be sold. Data compiled by on-chain crypto analytics firm Glassnode shows the past two days have seen consecutive all-time highs produced for net transfer volume onto Bitcoin on to leading centralized exchange, Binance. The data was shared by Twitter analyst William Clemente III to his 70,400 followers, triggering bearish price predictions on social media. The chart indicates roughly 35,000 Bitcoin worth more than $1.4 billion has been deposited on Binance in the past 48 hours. “Feels like capitulation,” said Kraken’s growth lead, Dan Held. Clemente replied: “Let’s see one final nasty liquidation wick.” Reasons to be cheerfulDespite Bitcoin’s price grinding down to post local lows below $40,000, some analysts are finding reasons to be bullish. Popular analyst, Lark Davis, noted the recent downturn has pushed Bitcoin’s 14-day relative-strength indicator into oversold territory for the first time since March 2020, suggesting the crash may be nearing its plateau. Others are welcoming capitulation as a likely catalyst for a bullish recovery, predicting a swift return to upward momentum once selling has become exhausted. Twitter user “YHRW80” noted surging flows into Bitcoin’s spot and derivatives markets during 2021, concluding that the dominant emotion gripping the markets is “greed” rather than fear. However, Bitcoin’s Fear and Greed Index disagrees with YHRW80’s analysis, describing current Bitcoin market sentiment as “extreme fear.” There was some welcome news today, with Indian media reporting the country's government is set to rethink its planned crypto ban and form a new panel of experts to explore regulating crypto assets in India. Some analysts suggest the catalyst for the surging inflows is tomorrow’s looming deadline for controversial stablecoin issuer Tether to disclose its quarterly financial records as part of its settlement with the New York Attorney General’s office. Last week, Tether posted a breakdown of its reserves for the first time, asserting three-quarters of the assets backing its stablecoin are cash, cash equivalents, and other short-term deposits and commercial paper.
Market analysis：Dogecoin cheers coinbase listing as Bitcoin’s range play continues. Dogecoin (DOGE (+22.27%)), the meme cryptocurrency, is rallying in the wake of a new exchange listing while bitcoin (BTC, +2.98%) remains confined in a narrowing price range, having shaken out newbies and small investors with a 35% price crash in May. Bitcoin is changing hands near $37,200 – up 1% on the day, according to CoinDesk 20 data. Prices hit lows near $35,000 during Asian hours.The cryptocurrency has carved out a triangular price pattern on technical charts, representing higher lows and lower highs over the past two weeks.The direction of the breakout would set the tone for the next move in cryptocurrency.According to on-chain analyst Willy Woo, the cryptocurrency is trading well below its fair value. Thus, a price bounce cannot be ruled out.In contrast, JPMorgan analysts foresee another leg lower before stability and recovery. Bitcoin fell from $58,000 to nearly $30,000 in the eight days to May 19.Dogecoin is trading at 12-day highs above 32 cents, representing a 5% gain on the day. The cryptocurrency has risen by 18% in the past 24 hours.Coinbase's decision to add dogecoin to its professional trading platform seems to have buoyed the Shiba Inu-themed cryptocurrency.The new listing exposes DOGE to a new breed of investors. Coinbase debuted on Nasdaq on April 14 and is considered synonymous with high net worth investors.
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Market analysis：Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom. Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume mean the crypto market has not found a bottom yet. Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle. While Bitcoin has been under increasing pressure from multiple sources since early May, the most recent bout of selling has been largely attributed to capitulation by China-based miners who have been forced to abruptly shut down their operations. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to $28,800, Bitcoin price bounced back above the $30,000 level and currently trades for $32,600.
Market analysis：Bitcoin (BTC/USD) Outlook: Bitcoin Post-Collapses Counter-Offensive. Bitcoin updated technical trade level– Daily & Intraday ChartsBTC/USD plunges towards key support at 30655- resistance / bearish invalidation 41930What is Bitcoin? Understand Bitcoin as a Cryptocurrency Bitcoin prices plummeted a staggering 53% from the record highs in April with the sell-off responding to downtrend support. Yesterday marked the third test of this critical support zone and while the broader outlook remains ominous from a technical backdrop, the immediate decline may be vulnerable here with the bears at risk in the near-term. These are the updated targets and invalidation levels that matter on the BTC/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Bitcoin setup and more.
Market analysis：XLM Price Prediction: Stellar could rally 10% if it can breach this critical level XLM price performance shows a lack of buyers, which has kept it from reclaiming its range low at $0.274.A decisive 4-hour candlestick close above $0.274 will signal the start of an uptrend.If Stellar sets up a lower low at $0.228, a bearish scenario might come into play. XLM price has been on a downtrend since May 23. Any attempts to move above the midpoint of the range have been unsuccessful. Moreover, the recent crash between June 20 and 23 pushed it below the lower end of its trading range, painting a bearish picture. After a minor upswing, Stellar is now taking a jab at an uptrend if it can reclaim a crucial resistance level.XLM price struggles to climb XLM price has been on a continuous downtrend since June 3. In fact, Stellar has not produced any higher highs since May 16, which paints a rough idea of how investors view Stellar from an investment standpoint. Regardless of the lack of optimism around XLM price, a decisive 4-hour candlestick close above the range low at $0.274 will signal a resurgence of bullish momentum. In such a case, Stellar bulls might push the remittance token toward the immediate resistance level at $0.286. Following a breach of his supply level, if the buying pressure persists, XLM price might tag $0.303, a swing high set up on June 21. Such a development would allow XLM price to take a jab at breaking the downtrend and kick-start an uptrend. If the buyers manage to set up a swing high above $0.303, it will attract some sidelined investors to jump on the bandwagon, invoking large bid orders. Such a turn of events might hold the key to push the remittance token to $0.352, roughly 28% from the range low.
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Market analysis：The Argus West Africa Oil service brings clarity to previously opaque west African crude oil and refined products markets.We provide daily prices for 27 regionally produced west African crude grades alongside independent, timely news and analysis.With over 40 years of history in oil market reporting and a robust methodology that reflects real trading behaviour, our Argus West Africa Oil service is your vital tool for understanding these complex markets.Markets coveredCrude oilNigeria: Qua Iboe, Abo Blend, Akpo Dated, Antan Blend Dated, EA Blend Dated, Ebok Dated, Ima Dated, Obe Dated, Okono Blend Dated, Okoro Dated, Okwori Dated, Okwuibome Dated, Oyo Dated, Pennington Light Dated, Ukpokiti Dated, Usan Dated, Yoho Light DatedAngola: Cabinda, Mondo, Palanca, Pazflor, Plutonio, Saturno, SaxiCongo (Brazzaville): Djeno, N’KossaCameroon: KoleGabon: Rabi
Market analysis：(Bloomberg) -- Gold added to its biggest monthly gain since July as the dollar weakened and investors awaited fresh data on the U.S. economy to feed the debate about inflation.Bullion wiped out losses earlier this year with a 7.8% rise over May amid signs of accelerating inflation. Fresh virus outbreaks and patchy economic data have also boosted gold, which is again drawing investors via exchange-traded funds -- a major driver of last year’s rally.Key data due this week include U.S. jobs figures on Friday, following a surprisingly weak reading last month that highlighted potential headwinds for economic recovery. The Bloomberg Dollar Index is threatening to fall to its lowest since 2014 after a second monthly decline in May.“Momentum in the gold market remains strong, with investor inflows picking up sharply,” Australia & New Zealand Banking Group (OTC:ANZBY) Ltd. wrote in an emailed note. “Thus a weak payrolls number on Friday could jolt prices even higher.”Spot gold rose 0.3% to $1,912.71 an ounce by 11:30 a.m. Shanghai time. It’s up 0.8% this year, well short of its record $2,063.5 an ounce in August last year. Silver, platinum and palladium all rose.©2021 Bloomberg L.P.
Market analysis：Disini kita dapat lihat eurusd menunjukkan penurunan. Price telah create new low di timeframe h4, indicating a downtrend happening soon. MARI KITA SELL GENG👍
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