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A moving average is a statistical tool used in finance, economics, and stock market analysis to smooth out data fluctuations and identify trends. It is a widely used method of smoothing out short-term fluctuations in time series data and is used to calculate an average value for a set of values over a specified number of periods. It is predicted by taking the average of a set of values over a specified number of[…]
According to Baza, the co-founder Anton Shkurenko of the digital asset exchange Bitzlato was arrested in Moscow. A published post stated that French investigators were looking for the cryptocurrency entrepreneur because they believed he was guilty of extortion, data theft, and money laundering. The Russian-speaking market claimed that Bitzlato was taken down in January at an international law enforcement operation. According to reports, the coin trading site handled over $700 million in illegal cash[…]
The prices of oil are only increasing along with the prices of gasoline and diesel. Is lithium battery the solution? The increasing prices can be the reason for the high inflation rates and the main driver for promoting electric vehicles. Electric vehicles don’t necessarily put an end to our energy usage. However, it will change the focus from oil to lithium batteries. As predicted by Elon Musk, “Lithium batteries are the new oil.” The[…]
U.S. regulators have continued to put more regulations on the crypto industry, and rumours have spread that their next destination is examining crypto staking. The Coinbase co-founder and CEO Brian Armstrong shared his view on Wednesday through a tweet. “We’re hearing rumours that the SEC would like to get rid of crypto staking in the U.S. for retail customers, I hope that’s not the case as I believe it would be a terrible path[…]
Moving Average Convergence Divergence (MACD) is a famous technical analysis indicator that measures the relationship between two moving averages of an asset’s price. It is used to identify market trends and potential buying or selling opportunities. It is determined by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. The final product is plotted as a histogram and is referred to as the MACD line. A 9-day EMA of this line, the[…]
Bollinger Bands and MACD, what connects them is that they can be used together as complementary indicators to provide a complete picture of the market conditions. Moving Average Convergence Divergence is a momentum trend-following indicator that shows how two price moving averages relate to one another. It is derived by deducting the 12-period EMA from the 26-period exponential moving average (EMA). A histogram and a signal line, a 9-day EMA of the MACD line,[…]
The Stochastic Oscillator is an indicator that compares the closing price of an asset to the range of its prices over a certain period. It measures the location of the close relative to the high-low range and is expressed as a percentage. It is ranges from around 0 to 100, and readings above 80 are considered overbought, while readings below 20 are considered oversold. The indicator is used to determine potential turning points in[…]
Bollinger Bands is a type of technical analysis tool consisting of a moving average and two standard deviation lines plotted two standard deviations away from the moving average, creating an upper and lower band. This tool helps to identify potential overbought or oversold conditions in an asset and can also be used to measure volatility. Traders use Bollinger Bands to determine possible buy and sell signals in a market. How are Bollinger bands calculated?[…]
ChatGPT is a chat AI model developed by OpenAI. It is a pre-trained language model that uses various learning techniques to generate human-like responses to text-based prompts. It can answer questions, provide information, and engage in conversations on multiple topics. It is an alternative to the GPT (Generative Pretrained Transformer) architecture, a transformer-based deep learning model. It was trained on a mass of text data from the internet and can generate coherent and informative[…]
Currency codes are three-letter codes that represent different types of currencies used in various countries worldwide. They are used to identify a specific currency in international financial transactions and avoid confusion between currencies. Each currency code is assigned by the International Organization for Standardization (ISO), a non-governmental organization that develops and publishes international standards. The ISO 4217 standard specifies the currency codes used for representing currencies and their symbols. The first two letters of[…]