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The Revival

In the past two weeks, the market has seen a significant increase in bullish momentum leading many to believe that the proposed ‘echo bubble’ that many predicted for 2023 may indeed play out. It was initially unclear what was driving this momentum but the market gaining confidence that CPI will continue to decrease, as well as a temporary liquidity increase thanks to the ongoing US Debt Ceiling increase crisis, seem to be important factors. The…

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Introducing Coinrule’s Affiliate Programme

Think big and become an affiliate partner with Coinrule and grow alongside one of the leaders in the automated trading space. Join Now What is an affiliate program? Our affiliate program credits you for sending customers to our website. Affiliate programs like ours don’t require any fees and are easy to set up, so there’s no risk for you. Get great value for you, and your traffic. Feature Coinrule and earn like a pro. With…

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Bubble or Nothing

The past two weeks have been largely uneventful as the market has seen a sustained period of low volatility and Bitcoin has been trading between the $16,250 support and the $17,000 resistance.  From a technical perspective, the MACD indicator just crossed above its signal line. The last time this happened, the market saw a short-term increase in bullish momentum. Bulls will be hoping this momentum can play out and bitcoin can finally break above the…

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Year of the Swan

On the 13th and 14th of December respectively, the Bureau of Labor Statistics and the Federal Reserve (FED) published their announcements on inflation figures and interest rates. U.S. CPI inflation came in soft at 7.1%, less than the 7.3% that was expected. As such, the FED stuck to the 50 bps hike that was hinted at previously. Although the market did see a small bounce in relation to these events, it has since corrected back…

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Powell Time

The past two weeks have been relatively calm as Bitcoin traded in the $16,000 to $17,500 range. It appeared that the contagion effects from the FTX collapse were slowly starting to fade, however in the past few days more information has surfaced surrounding Grayscale Bitcoin Trust (GBTC) and its potential insolvency. On Wednesday GBTC closed down -7.42%, giving prospective buyers a record 43% discount on Bitcoin. Many are hypothesising that a large institutional investor is…

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KuCoin Futures Live on Coinrule!

Coinrule is excited to announce that KuCoin Futures are now live! Start trading Futures on Coinrule now! Ability to ShortWith the integration of KuCoin Futures, you will now be able to short assets on KuCoin without actually owning the underlying assets. Taking a short or sell position on KuCoin Futures is essentially a bet that the price of the asset will fall. When you “short sell” a futures contract, you are buying a contract to…

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Contagion?

The past two weeks have been filled with more pain as the contagion effects from FTX have continued to spread and the market has started to get more information on the events that culminated in the FTX scandal.  On November 11th, Sam Bankman Fried (SBF) stepped down as the CEO of FTX. Shortly after, John Ray III was appointed as the new CEO, a Chicago-based lawyer who has previously served as a restructuring officer in…

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Open High Low Close is Live on Coinrule!

As part of Coinrule’s new product updates, we have now launched support for Open High Low Close, giving you even more customizability for your strategies! Open High Low Close allows you to customise your strategies in a variety of additional ways. You can set actions to trigger when either the open, high, or low price of the current candle crosses above or below, or is less than or greater than, the current price or a…

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MFI is Live on Coinrule!

As part of Coinrule’s new technical indicator offerings, the MFI is now live on Coinrule, giving you a greater degree of customizability for your strategies.  The MFI, or Money Flow Index, is a technical oscillator that uses a combination of price and volume data in order to identify overbought or oversold coins. Similar to the RSI, the MFI oscillates between 0 and 100. However, with the MFI, coins are considered overbought when the MFI is…

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Crypto’s Icarus

The last 48 hours have been some of the craziest hours the cryptocurrency market has ever experienced. This comes after FTX, the 3rd largest cryptocurrency exchange behind Binance and Coinbase, paused user withdrawals and announced they were seeking to raise funds to avoid bankruptcy. What makes this more surprising is that in January 2022, FTX had raised funds at a $32 billion valuation. These events began to unfold on the 2nd of November when a…

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