Ethereum is a comparatively new cryptocurrency. It is also an open computing platform founded on blockchain technology. This allows developers to build and use decentralized applications. Similar to Bitcoin, Ethereum is a distributed public blockchain network. However, Bitcoin and Ethereum vary significantly in the purpose they serve. The Bitcoin blockchain essentially tracks who owns the digital currency (bitcoins), but the Ethereum blockchain runs the programming code of any decentralized application.read more
Flags are chart patterns formed by price action, which is shown within a small rectangle or a parallelogram. These are typically small, indicating comparatively small risk and quick profits.read more
A Thomson Reuters survey claims that one in five financial institutions are considering cryptocurrency trading in 2018, with many planning to do so in the next few months.
The survey by the leading professional market news service was conducted with over 400 Thomson Reuters trading solutions clients, including users of the Eikon, REDI, and FX platforms.read more
In this second article, I’m going to explain the basic rules of Elliott Wave pattern and give you some guidelines about them.read more
The Butterfly Pattern is a unique 5-point extension pattern. Bryce Gilmore discovered it and Scott Carney further defined it. The structure has specific Fibonacci measurements for each point. It is important because it conventionally provides more favorable risk/reward ratios. The pattern can be found at significant tops and bottoms. Additionally, the failure of the pattern may mark a strong continuation move.read more