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He believes that the precious metals sector currently has the most potential. As a consequence, it is his main point of interest to help traders and investors make the most of that potential. Bitsdaq is destined to create a Pan-Asia Market Network that can fuel the prosperous development of the entire blockchain industry. Following BITTREX, we will be redefining IEO user experience with top-tier security standard and exceptional efficiency.
The percent change in trading volume for this asset compared to 1 hour ago. Earlier this month, Bitsdaq announced that it was launching its IEO platform, Bitsdaq Launchpad, in the second quarter of 2019. After the announcement, the exchange received dozens of project applications for online IEOs.
I like to profit from the biases and constraints of other investors. My work is available along with 1,000+ other authors by subscribing to Seeking Alpha Premium.You can read some more of my work here on my Substack. Third, some European inflation data has come in shockingly high for January.
To meet the trading needs of Bitsdaq platform token supporters, Bitsdaq will launch BQQQ/ETH trading pair on July 24. At the same time, BQQQ is officially listed on CoinPlanet, becoming the world’s first exchange token to implement viral marketing. As a result, QQQ is much more heavily exposed to the tech sector and large-cap growth stocks. More than one-third of VOO’s assets are allocated to the tech sector; QQQ nearly doubles that. VOO has approximately five times as many holdings, the top five of which comprise less than 20% of the total portfolio.
In Italy, core CPI accelerated as well, despite a decrease in energy costs. German core inflation held steady rather than declining as anticipated. Classic experiential economics experiments show that these kinds of echo bubbles are common after an initial bubble pop, and they end predictably poorly. 2023 has seen a face-ripping rally in the NASDAQ, led by meme stocks and Big Tech. Bitsdaq users will be able to link their Spend Visa Card directly with their Apple Wallet or with the Google Pay Wallet.
Big tech earnings already were released – they were soft and investors simply shrugged them off. Investors seem excited to buy as much as they can before the Fed pivots, not realizing that their actions are inadvertently contributing to the inflation that they are betting is over. This rally is overwhelmingly sentiment/technicals driven and fueled by traders pounding short-term call options. The project aims to pioneer the blockchain industry and provide the next generation of trading and IEO service platform. The IEO platform service is intended to expand the potential of various players throughout the field of blockchain technologies.
- VIX VIX, +5.07%has stayed at low levels, despite some relatively heavy selling on occasion by SPX.
- If you own a coffee shop on Main Street or a Chevy dealership, the fundamental value of your business does not fluctuate by 100% in 5 weeks.
- Another strategic investment in the project was made by NGC – a Shanghai and Singapore-based for-profit fund management company.
- The construct of volatility derivatives is also bullish for stocks – for the most part.
While the market price of QQQ ETF is breaking higher, the correlated market QQQM ETF also shows a significant technical correlation in the chart below. When QQQ EFT produced a double bottom at $260, QQQM ETF also produced a double bottom and broke the red trendline which indicates higher prices. QQQ ETF is trading bqqq at the verge of a descending broadening wedge pattern, indicating an upward price movement. ICO Drops receives a fee for advertising certain token sales, in which case such listing will be designated accordingly. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Bitsdaq Review and Rating
The market price of QQQ ETF has reached a region of long-term support after a 37.41% drop in 2022. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control.
With the IEO service offered by us, Bitsdaq is determined to be a mainstream all- rounded IEO service-provider to support blockchain start-ups around the world. BQQQ is the utility token representing the revolution of a new generation of breakthroughs of the global financial market led by IEOs. BQQQ will benefit the entire market and reach a broader consensus, encouraging project parties and investors to cooperate more in the future. It is clear from the preceding discussion that QQQ ETF remains in a long-term uptrend. A 37.41% decline in QQQ ETF in 2022 has pushed the price to a region of long-term support.
Since SPX then fell further the next day, a full-fledged McMillan Volatility Band sell signal has been confirmed (green “S” on the chart). This will remain in effect until SPX either a) touches the -4σ Band, which is the “target,” or b) closes back above the +4σ Band, which would stop out the trade. Anyone watching the violent movements in the market lately should be able to understand that something is amiss. Financial orthodoxy suggests that the way to have a happy retirement is to put the vast majority of your money in the stock market and not to try to time the market!
Muhammad Umair, PhD is a financial markets analyst, advisor and investor with over 15 years of experience in financial markets. He is the founder of Gold Predictors, a web application that publishes in-depth analysis and educational materials on the forex, gold, and silver markets using advanced analytical techniques. He has transformed the world of trading and investing by developing superior forecasting techniques and analyses that have up to 95% accuracy in price points and timing. The high-quality analysis and trading ideas, available at the Gold Predictors website, are the result of extensive research and testing of trading strategies on live accounts over time.
The financial markets continue to outperform despite consistent messaging from the Fed, analyst says. The stock is trading well below that level, apparently due to antitrust concerns, so we are going to exit and take the profit. We are no longer carrying a “core” bearish position since SPX has risen above its bear market downtrend line. We will trade from both the long and short sides, though, as confirmed signals from our indicators dictate.
If you own a coffee shop on Main Street or a Chevy dealership, the fundamental value of your business does not fluctuate by 100% in 5 weeks. However, the stock market is a different animal, meaning we need a more flexible framework to understand what’s going on. The platform also adopts strict AML and KYC policies which reference those that are implemented by Bittrex. Facial recognition technology supported by JUMIO is also provided. Additionally, the exchange also takes security very seriously, especially after the recent spike in cyber attacks. The platform will use CloudFlare and DOS protection to prevent DDoS attacks, and it offers protection against CSRF and XSS attacks.
The used car market is behaving consistently with the theory of the echo bubbles, buyers who had waited for used car prices to come down in 2022 jumped at the first opportunity for prices to fall. Another strategic investment in the project was made by NGC – a Shanghai and Singapore-based for-profit fund management company. Besides investing in Bitsdaq, NGC will also aid the exchange to promote the growth of BQQQ tokens. Bitsdaq sets out to increase the overall liquidity of the BQQQ token by enabling more cryptocurrency trading pairs which are denominated in the BQQQ token.
Bitsdaq is expected to effectively improve international market visibility and market liquidity of quality projects.” This supply mechanism that reduces circulating supply promotes the value growth of BQQQ in the future. At the same time, Bitsdaq is also constantly expanding the utility of BQQQ to increase the demand. This allows every stakeholder to benefit from the growth of Bitsdaq ecosystem.
But the stock market isn’t the economy, as evidenced by goofy lab studies where investors reliably create bubbles and crashes. Having a large aggregated trading volume, Bitsdaq aims to acquire more professional traders, as well as institutional investors and cryptocurrency entrepreneurs within its ecosystem. This should allow them to establish a proper foundation for future developments. Bitsdaq has teamed up with one of the most popular international cryptocurrency exchanges Bittrex. The partnership aims to create the very first Joint-Order-Book, a world-class exchange system.
In conclusion, QQQ ETF and QQQM ETF provide investors with excellent buying opportunities, and any pullback is viewed as a buying consideration. Since QQQ ETF and QQQM ETF have a positive correlation, any breakout from $315 in QQQ ETF will trigger a significant rally in QQQM ETF. ICO Drops is an independent ICO database and is not affiliated with any ICO project or company. Our Interest Level does not constitute financial or investment advice. A high concentration in tech and growth stocks leads to more volatility and higher upside. Since QQQ’s inception in 2010, the fund has returned 536% through a historic, sustained bull market, compared to VOO’s 228%.
Any breach of $315 will signal a significant breakout in QQQ ETF. Investors must exercise caution until $315 is decisively breached since this level is considered as the decision level for QQQ ETF. As a result of this good news, BQQQ soared for 5 consecutive days, increasing more than 100% to 0.0076USDT. These numbers show how much the token price has changed relative to the initial ICO token price. Circulating supply shows the number of coins or tokens that have been issued so far. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. The table above shows the number of days which Bitsdaq closed above a certain price level.
BQQQ to list on Bitsdaq on June 9th
The price is bouncing off the long-term support level of $260 with bullish price patterns of a descending broadening wedge. As a result of the bullish divergence, the QQQ ETF market price is nearing the $315 decision point, and a monthly close above this number will likely trigger the next significant advance. Since $260 is the baseline support level, a breach below $260 will initiate the subsequent price decline. On the other hand, the Fed is likely to raise interest rates further in 2023 until inflation approaches the long-term target of 2%. The higher inflation increases the risk in the stock market; however, technology stocks are less likely to be affected by inflation, as companies may increase costs in order to increase profits. Equity ownership is generally meant to provide capital growth in a portfolio, and QQQ has built a resume as the better option for long-term returns.
If the support at 4100 were to give way, that would be a psychologically disappointing event, and it would probably propel SPX down towards the lower end of its previous trade range — near 3800. On the upside, the initial breakout reached 4200, which was equal to the late August levels. SPX has not closed the gap on its chart from that August time period . Second is some signs of something similar happening in the housing market. Housing market fundamentals continue to worsen, but past bubbles and current data show a similar echo bubble trend, where a few buyers hop back in to try to time the market.
The only “worry” in the construct is that the CBOE short-term 9-day Volatility Index is higher than VIX. That’s because the CPI figures are due to be released this month on February 14th, and that is within the 9-day “window” for VIX9D. Traders are expecting the CPI figure to introduce some volatility into stock prices. Instead, the market has pulled back and retested what is now support at 4100 numerous times this week. So far, that support has held, but some overbought conditions and even sell signals have had time to manifest themselves while SPX stalls in this area. After Jerome Powell folded to the market’s bluff on February 1st, there has been a sense from the market that nothing can stop the rally.
Because of price gaps, there is no visible support level until you get all the way back down to 58. The volatility complex generally remains bullish for the stock market as well. VIX VIX, +5.07%has stayed at low levels, despite some relatively heavy selling on occasion by SPX. The first signs of worry would be if https://cryptolisting.org/ VIX were to re-enter “spiking” mode — that is, if it were to close at least 3.00 points higher over any 1-, 2-, or 3-day period. Currently, VIX would have to close above 21.48 today or Friday in order to re-enter “spiking” mode. They have now fallen to levels near where sell signals were generated last year.