But this latest back-and-forth action by the market, with several sharp down days, has taken its toll. Currently, both breadth oscillators are still on buy signals, but they have run out of “wiggle” room. That is, any further negative accumulation of breadth from today forward will generate sell signals from the breadth oscillators. The rally did manage to exceed the +4σ “modified Bollinger Band .” Then, when SPX fell back below the +3σ Band, a “classic” mBB sell signal was generated.
With 22 years of experience at technology mogul Microsoft, Eric is the CTO and Co-Founder of Bitsdaq. As mentioned above, both parties have a lot to gain from this partnership. Bittrex, on the other side, will be able to enjoy an expanded exposure to the Pan-Asia market from places such as Singapore and Macau.
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.
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%.
At present, he holds several senior strategic positions, advising industry leaders such as Anthony Di Iorio who is the co-founder of Ethereum. He is also the founder and Chairman of i-House Token , which is one of the very first blockchain real estate cloud platforms throughout the entire world. He also co-founded NASDAQ-listed IClick Interactive, which is one of the largest digital advertising platforms in the greater China area and has gone public via an IPO. Over the last day, Bitsdaq Token has had 0% transparent volume and has been trading on 7 active markets with its highest volume trading pairs being . The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 24 hours ago.
The QQQ ETF downturn has reached strong long-term support, and the price’s rebound from the long-term support indicates an upcoming run higher. This article presents the market drivers and technical analysis for QQQ ETF based on the recent price structure. The price is currently breaching the strong decision number, indicating that the price is likely to increase. BQQQ has garnered strong support from investors within a month of listing. In order to meet the trading needs of Bitsdaq platform token – BQQQ supporters, Bitsdaq will launch BQQQ/ETH trading pair on July 24.
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.
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!
- These are echo bubbles by traders who think they’re buying dips or are playing on momentum.
- At the same time, BQQQ is officially listed on CoinPlanet, becoming the world’s first exchange token to implement viral marketing.
- This allows every stakeholder to benefit from the growth of Bitsdaq ecosystem.
Bitsdaq will start reviewing IEO projects application officially on April 30th .bqqq will be the first IEO project to launch on Bitsdaq Launchpad for verified users. Bitsdaq is a new exchange based in Hong Kong and the official partner of Bittrex in Macau, Singapore, and Canada. They aim to become the global digital currency trading platform in Asia. Technology, communication services and material stocks were among the worst decliners on Monday.
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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.
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.
Live Bitsdaq (BQQQ) Price, Historical Chart & Bitsdaq Market Cap
Below is the market cap of growth over the market cap of value going back to 1995. Growth and value each represent half of the securities in the S&P 500 Index . In terms of investments, Consensus Fintech has made a strategic one into Bitsdaq and entered into a partnership with the platform on operations, business, and marketing. According to the official release, this has allowed Bitsdaq to attract additional investment from some of the top institutions in the industry. The IEO platform service of Bitsdaq intends to fuel small and medium-sized blockchain startups to be funded or listed on the platform.
The partnership is geared at strengthening the exchange infrastructure of Bitsdaq. Haley is the Head of Business Operations at Bitsdaq, and he has more than seven years of experience in PE/VC investment and cross-border mergers and acquisitions. He was the Assistant VP at the Chairman’s Office of the China UCF Group.
If you feel silly because you missed this 17% rally in the S&P 500 and 18% rally in the NASDAQ since October and are earning 4.5% in cash, don’t! Valuations remained stretched in 2022, while cash rates have soared. As such, the best investors can expect at current prices is low long-term returns in excess of cash and a ton of volatility. The face-ripping https://cryptolisting.org/ 2023 rally in all kinds of speculative stocks should not be bought, but should rather be sold. The rally may go out with a bang or a whimper, but there’s an increasing amount of evidence that the Fed will be forced to hike by rogue inflation. The long-term picture for stocks is mildly positive, but the short-term risk-reward is exceedingly weak.
As the first project of IEO Launchpad, the issuing of BQQQ will be a crucial step in building the Bitsdaq ecosystem by connecting the primary and secondary market. Economic data and market performance appear to be conspiring against monetary policy thus far in 2023, said John Lynch, chief investment officer at Comerica Wealth Management. First came some wholesale used car data that indicates that the fall in used car prices has sharply reversed. Used car prices make up 4.5% of core CPI, and wholesale prices rose 2.5% in January. It might not come yet in January, but when it hits, it’s going to put a lot of pressure on the core CPI numbers, which already aren’t that great.
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.
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 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.
Some of the executive team members have previous experience in working with companies such as Microsoft, Decentral, Spend.com, IClick Interactive, China’s UCF Group, and others of the kind. Bitsdaq’s cryptocurrency exchange platform aims to provide over 300 different cryptocurrency trading pairs. At the start, however, it will only have those trading against BTC and ETH. One of the primary key points of the exchange is the fact that it has teamed up with Bittrex, more on which you can read down below.
Bitsdaq is a secure, reliable and advanced digital asset platform operating in Asia and built on cutting edge trading technology. The company provides opportunities and solutions for customers who want access to a wider selection of digital assets on a secure and reliable platform. The company provides opportunities and solutions for customers who want access to a broader selection of digital assets on a secure and reliable platform. Bitsdaq is a secure, reliable and advanced digital asset platform operating in Asia and built on Bittrex’s cutting edge trading technology.