π What Is Momentum Trading? π βββββββββββββ Momentum trading is the practice of buying and selling assets according to the recent strength of price trends. It is based on the idea that if there is enough force behind a price move, it will continue to move in the same direction.
When an asset reaches a higher price, it usually attracts more attention from traders and investors, which pushes the market price even higher. This continues until a large number of sellers enter the market β for example, when an unforeseen event causes them to rethink the assetβs price. Once enough sellers are in the market, the momentum changes direction and will force an assetβs price lower. βββββββββββββ π@Market_Shareπ
π What Is Momentum Trading? π βββββββββββββ Momentum trading is the practice of buying and selling assets according to the recent strength of price trends. It is based on the idea that if there is enough force behind a price move, it will continue to move in the same direction.
When an asset reaches a higher price, it usually attracts more attention from traders and investors, which pushes the market price even higher. This continues until a large number of sellers enter the market β for example, when an unforeseen event causes them to rethink the assetβs price. Once enough sellers are in the market, the momentum changes direction and will force an assetβs price lower. βββββββββββββ π@Market_Shareπ
BY Share Market & Trading
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The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothersβor maybe the next Silverado?βechoed through the canyons of Wall Street as investors prepared for the worst.
What Is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinβs creator, Satoshi Nakamoto, originally described the need for βan electronic payment system based on cryptographic proof instead of trust.β Each and every Bitcoin transaction thatβs ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatβs by design: Core to their decentralized nature, Bitcoins arenβt backed by the government or any issuing institution, and thereβs nothing to guarantee their value besides the proof baked in the heart of the system. βThe reason why itβs worth money is simply because we, as people, decided it has valueβsame as gold,β says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.