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Market Insights

Bringing you the trading news around the world.

Market Pulse: Bitcoin Holds 30K, Tags the 50-day SMA

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Bitcoin has bled lower for the last three weeks, but some interesting things appeared on the chart today.

Click here to view the related idea and chart analysis on TradingView.

About the author

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.