Author: rcanessa - Page 25

Hackers Demand Cryptocurrencies Not to Reveal Secrets of Donald Trump

A group of hackers are demanding $42 million in cryptocurrencies or else they will publish sensitive information about the President of the United States, Donald Trump.
The group of hackers known as REvil ransomware stole 1 terabyte in legal secrets from figures in the entertainment industry and has already given some details of their material to demonstrate that their threats are true.
In addition to Trump, names such as Elton John, Robert DeNiro and Madonna are included.

Over the past few months, cryptocurrencies have shown sustained growth. As the price of Bitcoin rises and falls, the number of users who adopt this form of payment or investment is increasing.

Binance Review 2026 – The Biggest Cryptocurrency Exchange

by rcanessa

Binance -It is one of the largest cryptocurrency exchanges. -It offers more than 150 pairs of cryptocurrencies. -Low trading commissions Visit Binance Website Investing in cryptocurrencies offers the trader the opportunity to achieve great returns in a short time. Binance is a cryptocurrency exchange that provides the opportunity to invest in bitcoins and many other cryptocurrencies, in fact, it … Read more

Visa applies for patent for a digital currency based on the Ethereum blockchain

by rcanessa

The United States Patent and Trademark Office (USPTO) released a patent application that Visa filed to create a digital currency. The system is described as a method to digitize fiat currencies issued by central banks, through a central computer and with blockchain technology.

The Visa application was originally submitted on November 8, 2018. However, it was made public on May 14, with the authorship of Simon J. Hurry and Alexander Pierre. The document proposes a system run by a central entity computer, which receives requests to generate a digital currency registered on a blockchain. The application includes the serial number and denomination of a fiat currency, for example a banknote or a metal coin.

Evening Star Candlestick Pattern

by rcanessa

The Evening Star candlestick pattern is a highly reliable trend change formation that occurs in bull markets and indicates that there is a high probability that the price will change from a bullish to a bearish trend. This pattern can be identified in the following way:

The previous trend must necessarily be bearish.
A large white candlestick is followed by a candlestick (white or black) with a small body that opens and closes above the body of the large white candle.
In the following period, a black candlestick is formed and its opening price is formed below the minimum price of the body of the previous candlestick while the closing price occurs inside the body of the great white candle that started the formation.

Economic recession – Definition and Concept

by rcanessa

A recession is a decrease in economic activity over a period of time. Officially, a recession is considered to exist when the GDP variation rate is negative for two consecutive quarters. It is also known as a period of economic contraction.

The economic recession is the phase of the economic cycle in which economic activity decreases, consumption and investment decrease, and unemployment increases.

In the following chart, we can see an example of a recession, with two-quarters of negative growth. If the negative growth continued, it would be a long economic recession. However, if the negative growth were to occur for only one quarter, we could not officially consider that decrease as an economic recession.

The Best Forex Daytrading Strategies

by rcanessa

In this article, we present a complete collection of ideas to build daytrading strategies based exclusively on price action that can be useful to trade in Forex, although they can also be adapted to other markets. By the way, I have been told that these strategies were used on a trading desk of a well-known US investment bank. Although logically I have not been able to corroborate this, the truth is that these trading ideas are at the least original since they combine different patterns in an unusual way. Having said that, we will now study these strategies in detail.

Promotion of HotForex in Celebration of its 10th Anniversary

by rcanessa

The Forex and CFD broker HotForex (a regulated company) is celebrating its 10th anniversary in 2020. Because of this, it is offering a brand new promotion in which the broker will be awarding $2,000,000 in cash prizes to all its clients. These rewards can be withdrawn without any restrictions.

From now until the end of 2020, HotForex customers can earn a monthly bonus of up to $3,000 each month. The bonus is granted in the form of interest on the free margin of the account (account money not used in any trade) of up to 2%. The money obtained in this offer can be used for trading purposes or can be withdrawn by any of the methods accepted by the broker.

The great imbalances that the Coronavirus will leave in the economy

by rcanessa

Large macroeconomic imbalances in many economies make recovery difficult. Countries such as Spain or Italy foresee an exorbitant increase in their levels of public debt, with IMF forecasts that put the debt at 120% and 150%, respectively.

In recent weeks, the harsh global pandemic the economy is going through has put the world in check. A check that could be considered as conjunctural, but that could have devastating effects for certain economies. And the problem is that we are not talking about another crisis, but a crisis that, as indicated by the International Monetary Fund and as we indicated in an article a few days ago, is the largest economic contraction since the collapse of 1929; in short, one of the biggest contractions in our history.

As the growth forecasts are published, the data that is being projected on the different economies indicate how the pandemic has taken its toll on the European economies and these economic data are getting worse. Such is the aggravating circumstance that, while the Bank of Spain exceeded all published forecasts, with a forecast contraction of up to 13.5% for Spanish gross domestic product (GDP), a week later the Morgan Stanley bank presented forecasts that placed the contraction at 13%, being able to reach a contraction of 22.6% in the worst case.

What is a Blockchain?

by rcanessa

The present definition of blockchain is the one referring to the Bitcoin technology developed by Satoshi Nakamoto, in which the blockchain is an integral part of it; unlike the new term ‘blockchain’ introduced by different companies and authors to refer to Bitcoin technology as a whole. A blockchain, also known as a distributed ledger, is a distributed database that records … Read more

Frequency of Occurrence of Pullbacks in the Markets

by rcanessa

According to recent studies on a universe of tens of thousands of graphic patterns (27,000), the chance of a pullback occurring after a support breakout is approximately one in two.

Going into more precise details, these studies indicate that the probability of occurrence of a pullback is 57%. That is, in 57 out of every 100 support breakouts, the price will return to the broken support in the following 30 days (obviously, in 43% of cases, this return will not occur).

In addition, we can estimate that the price will drop during the 5 days after the breakout. Of course, all these data are averages, as you can guess. It does not mean that, after all the support breakouts, the market will drop just for 5 days.

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