Full list of stories by category Cryptocurrencies – 2021-01-18 – 2

Full list of stories by category Cryptocurrencies - 2021-01-18 - 2

Full list of stories by category Cryptocurrencies – 2021-01-18 – 2 Which stocks could magnify S&P 500’s gains in case it rallies? We have included two Financials and one Materials stock this time. Disclaimer: The textual content underneath is a subsidized article that used to be no longer written via Cryptonews.com reporters._________ Cryptocurrencies were everywhere the inside track in recent years. That is in large part because of their wild value fluctuations. On the other hand, what appears to be forgotten among the entire communicate of all-time highs … Bitcoin price shows ambiguity as a 30% move is underway according to technicals Bitcoin has been trading inside a tight range after establishing a PayPal could see its revenue increase by $2 billion, thanks to cryptocurrency services. This was revealed in an analysis by Mizuho Securities.

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  • Source: www.sharecast.com


    Stock Pick Update: Jan. 13 – Jan. 19, 2021

    Stock Pick Update: Jan. 13 – Jan. 19, 2021

    In the last five trading days (January 6 – January 12) the broad stock market has extended its record-breaking run-up. The S&P 500 index has reached new record high of 3,826.69 on Friday following new stimulus package hopes.

    The S&P 500 has gained 2.40% between January 6 open and January 12 close. In the same period of time our five long and five short stock picks have gained 1.59%. Stock picks were relatively weaker than the broad stock market’s performance last week. However, our long stock picks have gained 3.35% outperforming the index . Short stock picks have resulted in a loss of 0.17%.

    There are risks that couldn’t be avoided in trading. Hence the need for proper money management and a relatively diversified stock portfolio. This is especially important if trading on a time basis – without using stop-loss/ profit target levels. We are just buying or selling stocks at open on Wednesday and selling or buying them back at close on the next Tuesday.

    If stocks were in a prolonged downtrend, being able to profit anyway, would be extremely valuable. Of course, it’s not the point of our Stock Pick Updates to forecast where the general stock market is likely to move, but rather to provide you with stocks that are likely to generate profits regardless of what the S&P does.

    Our last week’s portfolio result:

    Stock Pick Update performance chart since Nov 18, 2020:

    Let’s check which stocks could magnify S&P’s gains in case it rallies, and which stocks would be likely to decline the most if S&P plunges. Here are our stock picks for the Wednesday, January 13 – Tuesday, January 19 period.

    We will assume the following: the stocks will be bought or sold short on the opening of today’s trading session (January 13) and sold or bought back on the closing of the next Tuesday’s trading session (January 19).

    We will provide stock trading ideas based on our in-depth technical and fundamental analysis, but since the main point of this publication is to provide the top 5 long and top 5 short candidates (our opinion, not an investment advice) for this week, we will focus solely on the technicals. The latter are simply more useful in case of short-term trades.

    First, we will take a look at the recent performance by sector. It may show us which sector is likely to perform best in the near future and which sector is likely to lag. Then, we will select our buy and sell stock picks.

    There are eleven stock market sectors: Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials, Technology, Communications Services, Utilities and Real Estate. They are further divided into industries, but we will just stick with these main sectors of the stock market.

    We will analyze them and their relative performance by looking at the Select Sector SPDR ETF’s .

    Based on the above, we decided to choose our stock picks for the next week. We will choose our 5 long and 5 short candidates using trend-following approach:

  • buys: 2 x Financials, 2 x Materials, 1 x Consumer Discretionary
  • sells: 2 x Real Estate, 2 x Communication Services, 1 x Consumer Staples
  • Buy Candidates

    AXP American Express Co. – Financials

  • Stock remains above its medium- and short-term upward trend lines
  • Possible breakout above the previous high
  • The resistance level is at $124 and support level is at $113
  • SPGI S&P Global Inc. – Financials

  • Possible upward reversal from the support level of $212-213
  • The resistance level is at $325 – short-term upside profit target level
  • SHW Sherwin Williams Co. – Materials

  • Stock broke above the short-term downward trend line – uptrend continuation play
  • The support level is at $710 and resistance level is at $740-750
  • Summing up , the above trend-following long stock picks are just a part of our whole Stock Pick Update . The Financials and Materials sectors were relatively the strongest in the last 30 days. So that part of our ten long and short stock picks is meant to outperform in the coming days if the broad stock market acts similarly as it did before.

    We hope you enjoyed reading the above free analysis, and we encourage you to read today’s Stock Pick Update – this analysis’ full version. There, we include the stock market sector analysis for the past month and remaining long and short stock picks for the next week. There’s no risk in subscribing right away, because there’s a 30-day money back guarantee for all our products, so we encourage you to subscribe today .

    For a look at all of today’s economic events, check out our economic calendar.

    Thank you.

    * * * * *

    Disclaimer

    All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

    Source: www.fxempire.com

    Author: Paul RejczakJan 13, 2021 01:47 PM GMT


    Best possible Cryptocurrencies to Purchase Issues With

    Best possible Cryptocurrencies to Purchase Issues With

    Disclaimer: The textual content underneath is a subsidized article that used to be no longer written via Cryptonews.com reporters.
    _________

    Cryptocurrencies were everywhere the inside track in recent years. That is in large part because of their wild value fluctuations. On the other hand, what appears to be forgotten among the entire communicate of all-time highs and 60% corrections is that you’ll in truth use them to shop for issues with. You recognize, like a forex? Yearly the record of outlets ready to simply accept fee in some type of cryptocurrency is increasing too.

    These days, you’ll maximum issues the use of virtual forex. Some retail outlets completely settle for Bitcoin, others favour sooner answers with decrease charges. On the other hand, with contemporary upgrades to the Bitcoin protocol equivalent to Segwit and the drawing close Lightning Community, the charges and transaction occasions of the unique cryptocurrency must come consistent with one of the crucial extra fashionable choices within the house. Choices that do not somewhat have the similar historic pedigree or immaculate conception of Bitcoin.

    In the end, the most productive cryptocurrency to shop for one thing with goes to rely on each the consumer and dealer. Which virtual forex will the seller settle for? Which crypto does the consumer need to alternate for the products and products and services introduced. Then come further components equivalent to privateness, transaction value, and time.

    Small Purchases

    Positive cryptocurrencies lend themselves effectively to smaller purchases. The likes of Litecoin and Sprint can procedure many extra transactions in line with 2d than Bitcoin can set up. Thus, the charges required for the community contributors to recognize and validate a transaction on those blockchains are a lot decrease. It will probably value not up to a cent to make transactions the use of those blockchains, alternatively, their safety is neither as combat examined, or powerful as Bitcoin’s. It will make sense to pay for a $10 reward card from eGifter with LTC or DASH however for a miles better acquire, ready somewhat longer for that further safety is not too giant of a deal.

    Some web pages, like Overstock.com were in particular modern on the subject of cryptocurrency bills. They had been one of the crucial first to simply accept bills in virtual forex for his or her merchandise. They promote most commonly homeware and started accepting Bitcoin again in January 2014. They later expanded to incorporate Ether, Litecoin, Sprint, Monero, and Bitcoin Money as fee choices.

    Actual Property

    There were a number of examples of other people promoting actual property for cryptocurrency around the globe. They have got most commonly been treated the use of the unique blockchain-based virtual forex, Bitcoin. Whether or not it used to be the modest Grimsby terraced belongings, or the Moscow mega-mansion, the homeowners of those properties would luckily be compensated in cryptocurrency somewhat than their nationwide currencies.

    Then there used to be the instance co-founder of TechCrunch, Michael Arrington. He purchased a area with out criminal arbitration the use of the Ethereum blockchain. That is without a doubt a style of the way such transactions will happen one day sans pricey middlemen. The fee used to be additionally made the use of Ethereum’s local cryptocurrency, Ether.

    Unlawful Items

    Some cryptocurrencies were evolved to be utterly nameless. Bitcoin was touted as such however in fact, because of the a lot of legitimate off and on ramps, it is extremely simple to peer a unmarried Bitcoin’s path across the community. It is conceivable with somewhat detective paintings to pinpoint identities to wallets and as such, for unlawful functions, different cash are actually favoured. Of those, the present darknet favorite is referred to as Monero. Via omitting positive knowledge from transactions, it is not possible to peer the place budget were despatched the use of Monero. This has made it no longer handiest well-suited to darknet drug dealing but additionally as a way for circumventing global sanctions imposed on rogue States equivalent to North Korea.

    Playing

    Any collection of cryptocurrencies are actually being authorised on the quite a lot of cryptocurrency casinos around the web. Those come with Bitcoin, Bitcoin Money, Ethereum, Litecoin, Sprint, Monero, DOGE and others. The duration of time you might be ready to stay up for a transaction to verify would be the major figuring out issue on which you select to make use of. It is value noting that lots of the welcome bonuses at cryptocurrency casinos appear to favour Bitcoin. When you figure out how giant each and every bonus is in a commonplace forex, you’ll be able to in finding every now and then massive disparities between the quantities. You’ll check out a lot of cryptocurrency on line casino opinions over at NoDeposit365.

    The ones residing in oppressive States the place on-line playing is against the law, may use a privacy-focused coin like Monero to avoid the law in their nation. The use of a VPN or encrypted browser, and an untraceable forex may permit the ones limited from enjoying video games of likelihood on-line to partake within the hobby.

    Go back and forth

    You’ll use cryptocurrency to pay for some sides of commute too. The giants which might be Expedia started accepting Bitcoin for resort bookings again in 2014. They have got but to make bigger the initiative to different products and services they supply however being trendsetters on this regard, it’ll most likely no longer be lengthy earlier than they begin accepting different massive cryptocurrencies too. Another choice to guide a resort room the use of Bitcoin is to make use of Accommodations.com together with Gyft.com. They paintings like eGifter and can be utilized at round 150,000 resorts at the commute site.

    There are a couple of airways that settle for cryptocurrency bills too. Destinia.com, CheapAir.com, and AirBaltic are among the biggest of them.

    Those are simply are few of the various choices to be had for other people having a look to in truth spend their cryptocurrencies. In the end, the most productive cryptocurrency to make a purchase order with goes to rely on a myriad of things. It is no just right arguing that Litecoin or Sprint are awesome to Bitcoin for trade if you’ll’t in finding of a dealer of the specified merchandise that accepts both of the ones currencies. Likewise, Monero may well be well-suited to unlawful functions however would you trouble buying and selling Bitcoin you had sitting in a pockets to a privacy-focused coin in the event you simply sought after to shop for an eGifter voucher for a chum’s birthday?

    Because the cryptocurrency house turns into extra evolved, it is most probably {that a} company favorite will emerge from the often-confusing collection of virtual cash we now have at the moment. Or, in all probability a brand new forex will emerge as probably the most sensible for industrial functions, rendering lots of the virtual currencies we now have these days pointless. Most effective time and the marketplace will inform on this all of a sudden increasing monetary era sector.

    Source: themarketrecords.com

    Author: Sharan Stone


    Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar – American Wrap 18 January

    Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar – American Wrap 18 January

    Bitcoin has been trading inside a tight range after establishing a new all-time high at $41,950. The digital asset plummeted down to $30,420 and then formed a lower high at $40,100 followed by what seems to be a higher low at $33,850. 

    Ethereum outperformed Bitcoin this past weekend and remains trading above $1,200. The digital asset seems to be contained inside an ascending triangle pattern on the 4-hour chart and could see a breakout in the near term. 

    XLM has continued to trade sideways since we last reported about it. The digital asset remains locked inside a tightening range which will eventually burst. Let’s analyze some of the most important indicators to understand the most likely scenario.

    Source: www.forexcrunch.com

    Author: FX Street

    Website


    PayPal, stock and revenue grow thanks to cryptocurrencies

    PayPal, stock and revenue grow thanks to cryptocurrencies

    PayPal could see its revenue increase by $2 billion, thanks to cryptocurrency services. This was revealed in an analysis by Mizuho Securities. 

    Analyst Dan Dolev is also very optimistic about PayPal’s stock price, which could rise from $290 to $350. 

    Specifically, the analysis is based on the fact that PayPal recently revealed that 50% of its users use the app at least once a day. According to Mizuho Securities, the majority of users are indeed Bitcoiners. 

    This very data leads Dan Dolev to believe that by 2023 PayPal will see its revenue grow by $2 billion, 10% more than the estimated forecast for the same period. 

    Dan Dolev explained:

    “Both our survey and management commentary unveil a dramatic increase in engagement due to crypto”.

    PayPal announced its cryptocurrency buying and selling service in October 2020. The service is currently only active in the US, although the company plans to expand it to other nations. PayPal’s openness to cryptocurrencies helped trigger Bitcoin’s rally, which has experienced vertical growth since October, breaking record after record. 

    Bitcoin is currently worth $36,000. However, this growth has also been boosted by the entry of institutional investors, starting with MicroStrategy, which announced in August that it had adopted Bitcoin as its primary reserve. 

    In the meantime, PayPal’s (PYPL) stock has doubled in value in a year, rising from $115 to $240 today. At the beginning of 2021, it was worth $231. 

    According to analysts at Wedgewood Partners, forecasts for 2021 are optimistic:

    “PayPal continued its torrid pace of payment volume growth, up +38% during the quarter, driven by over 15 million new accounts (almost double the pre-pandemic rate) and continued increases in transactions per account. This led to +25% growth in revenue and hefty margin expansion as the Company continues to effectively leverage its fixed cost base. PayPal’s addressable market continues to be a multitrillion dollar opportunity, with the Company particularly focused on the faster growing and more lucrative e-Commerce channel”.

    This will also be driven by Bitcoin, all the more so if the price remains at peak levels

    Source: en.cryptonomist.ch

    Author: By Eleonora Spagnolo
    – 18 Jan 2021


    Full list of stories by category Cryptocurrencies - 2021-01-18 - 2

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