Hafez Financial Services

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Month: December 2021

Altcoins Dominate Market In 2021!

Bitcoin has had a favorable year in 2021 but the altcoins have dominated the market. The advent of the alt seasons this year had seen multiple altcoins rally towards new highs even when market-mover bitcoin had remained stagnant at times. This move, coupled with the growth and adoption that rocked […]

Ethereum Plunges 5%, Can Buyers Save The Key $3.5K Support!

Ethereum gained bearish momentum below the $3,720 support against the US Dollar. ETH price tested $3,600 and currently struggling to recover higher. Ethereum started a major decline below the $3,850 and $3,750 support levels. The price is trading below $3,800 and the 100 hourly simple moving average. There is a […]

What is Long and Short position? Make a profit by lowering the price.

Short and Long Position in financial markets is a feature that allows you to take advantage of price reductions and increases. Generally, markets that have the ability to take advantage of falling and rising prices are called two-way markets. This means that it is no longer important for the trader […]

Bullish Signal? Ethereum Market Dominance Sitting Above 20%

In the last five years, Ethereum has not only taken a significant market share from bitcoin, but it has consistently grown in the same time period. While bitcoin had maintained the majority of the market dominance for the longest time, it has not taken altcoins a long time to come […]

Bitcoin Resumes Decline, Indicators Suggest Limited Upside

Bitcoin started a fresh decline below the $50,000 support against the US Dollar. BTC remains at a risk of a larger decline below $47,500 in the near term. Bitcoin started a fresh decline below the $50,000 and $49,500 support levels. The price is trading below $49,000 and the 100 hourly […]

Bitcoin Tops At $52K, What Could Trigger A Sharp Move To $47K

Bitcoin failed to clear the $52,000 resistance zone against the US Dollar. BTC is started a major decline and traded below the $50,000 support. Bitcoin made two attempts to clear the $51,800-$52,000 resistance zone but failed. The price is trading below $50,000 and the 100 hourly simple moving average. There […]

What is the Head and Shoulders Pattern in Technical Analysis?

Head and shoulders; A popular pattern in technical analysis is that when seen on the chart we should be prepared for a price fall and a terrible downtrend. In this article, you will first get acquainted with the head and shoulders pattern and the reverse (ascending) pattern and then you […]

Bitcoin Steadies Above $50K, Why Bulls Aim Fresh Monthly High

Bitcoin is holding gains above the $50,000 resistance against the US Dollar. BTC is showing positive signs and there could be more gains above $52,000. Bitcoin settled above the $50,000 resistance zone and dips remained supported. The price is trading well above $50,000 and the 100 hourly simple moving average. […]