Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000, Global : Today Indya

Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000

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Bloombergquint

(Bloomberg) -- Cryptocurrency technical analysts are warning against buying on the dip after the sell-off that shaved $600 billion from the value of digital coins since January.

Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000

A gauge of the 10 biggest, most liquid digital coins dropped to its lowest this year on Wednesday, triggering a flurry of technical studies. While Bitcoin, the largest cryptocurrency, hasn’t hit a similar trough since June 29, it’s attracting bearish calls as it slips below its 50-day moving average.

Even as it rebounded on Thursday, the digital token has failed to trade above widely followed retracement levels despite a smattering of good news, such as reports of greater interest from Wall Street in providing services for cryptocurrency trading. Bitcoin rose 2.9 percent to $6,500 as of 11:19 a.m. in New York.

“You’re getting a bounce today, but I expect the next level of support down close to $6,100,” Rob Sluymer, a technical strategist at FundStrat Global Advisors in New York, said in an interview. “It’s pretty early to make the case that you need to go long. It’s got to stabilize first.”

Bloomberg Intelligence analyst Mike McGlone said Bitcoin is poised to weaken even further, to 2017’s average level. “Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF,” he said in an interview. “It may not subside until revisiting good support near $4,000 -- last year’s mean.”

He called this year’s correction “tame” compared with those seen in previous years.

Article Original Source : https://www.bloombergquint.com/business/2018/08/09/crypto-technicals-flash-...

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Science Says People Who Swear a Lot Are Smarter and More Honest!.

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positivethingsonly

We are taught to refrain from using swear words as it is rude and inappropriate. There is a social stereotype in which people that swear are viewed as uneducated.

The use of taboo or obscene language – or swearing – is usually perceived as a sign that the speaker can’t express themselves in a less offensive way, lacks vocabulary, and lacks intelligence. That’s why many people believe that people that swear often do so since they lack the vocabulary to express themselves in an intelligent way.

However, according to a recent study, people that swear a lot may be more intelligent than they were once thought. Psychologists Timothy Jay of Massachusetts College of Liberal Arts and Kristin Joy of Marist College claim that people that swear a lot are more intelligent than they were once thought.

They point out that people that use swear words tend to be fluent in neutral, mundane words. Those that use swear words comprehend their general expressive content and nuanced distinctions that should be drawn to use slurs adequately.

What’s more, in another study, researchers used technology to test many Facebook statuses looking for people that use deceptive and swear words. They concluded that people that used swear words were more honest. This means that in case you swear a lot, you are more likely to be intelligent and honest.

Also, people that swear more often are more likely to express themselves. That’s why they are more genuine than people that refrain.

That’s not all, in criminal cases, innocent suspects curse more often compared to a guilty one that denies accusations. So, those who swear during a testimony are perceived as more credible.

Not only does swearing come with a few physical and mental health perks, like improving your pain tolerance and making you perform better during exercise, it can also have a positive impact on how you converse with other people. In a nutshell, this means that it is pretty darn good for your overall health and well-being.

Article Original Source : http://www.positivethingsonly.com/people-swear-lot-smarter-honest/