Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
S&P 500 futures traders saw heavy volume yesterday and are likely in for more of the same today as markets gear up for Quadruple Witching Friday. Despite large intraday swings, the /ES is trending sideways since the pre-Labor Day washout from the all-time highs of 3580, although prices have been making higher lows in the aftermath. Rangebound trading and low volatility often can be a precursor to a breakout and higher volatility, which could be further enhanced by today’s various expirations and subsequent rollover trades.
Recently, the index’s prices often found resistance near the 21-day Exponential Moving Average, now near 3380, as well as support at the 50-day Simple Moving Average, now near 3330. Watch for breakouts if prices move beyond these levels and follow through into a strong close either above 3400 or below 3300. The area near 3285 also is worth noting, as it represents both the 64-day Exponential Moving Average and the recent lows from Sept. 9, so shorter-term traders should stay light on their feet if this level is breached.
Photo by Roberto Júnior on Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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