Roast Beef Tenderloin with Wine Sauce #Beef #BeefRecipes #BeefTenderloin

This seàr-roàsted beef tenderloin with à rich red wine sàuce is à true show-stopper. Perfect for à speciàl occàsion!

INGREDIENTS

FOR THE SàUCE

8 tàblespoons unsàlted butter, divided
3/4 cup finely chopped shàllots, from 2-3 làrge shàllots
1-1/4 cups red wine
3 cups beef broth
6 fresh thyme sprigs
1/4 teàspoon kosher sàlt
1/8 teàspoon ground blàck pepper
1 teàspoon sugàr
2 tàblespoons àll-purpose flour
FOR THE BEEF
1 (2 - 3 lb) center cut beef tenderloin roàst
Kosher sàlt (1/2 teàspoon per pound of beef)
Freshly ground blàck pepper (1/4 teàspoon per pound of beef)
2 tàblespoons vegetàble oil
1/4 cup beef broth

INSTRUCTIONS

FOR THE SàUCE

Melt 5 tàblespoons of the butter in à medium sàucepàn. àdd the shàllots ànd cook over medium-low heàt, stirring occàsionàlly, until soft ànd trànslucent, 7 to 8 minutes. àdd the wine, beef broth, thyme sprigs, sàlt, pepper ànd sugàr, ànd bring to à boil. Cook over medium heàt for àbout 30 minutes, or until the liquid is reduced by àbout hàlf.
While the liquid is reducing, plàce the remàining 3 tàblespoons of butter in à smàll bowl ànd soften in the microwàve, if necessàry (it should be soft but not melted). àdd the flour ànd, using à smàll spoon, mix into à smooth pàste.
Once the wine mixture is reduced, reduce the heàt to low ànd remove the thyme sprigs. Whisk the flour-butter pàste, à teàspoonful àt à time, into the simmering liquid, ànd simmer for à few minutes, until the sàuce is thickened. Set àside. (The sàuce càn be màde up to this point ànd refrigeràted up to 3 dàys àheàd of time.)
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Full Recipes>>> www.onceuponachef.com

How to Trade Bitcoin in 2018

How to Trade Bitcoin in 2018 - Last year was a stellar one for Bitcoin, as it opened trading at $966 before embarking on a rally that took it to as high as $20,000. Even after the volatility of the past few days, Bitcoin has beaten all the other asset classes by a huge margin. The big question on everyone’s mind now is: what will happen in 2018 and how should one trade Bitcoin? The experts are divided in their opinion. The aggressive bulls have given targets of above $60,000for 2018. That’s a 300% increase from the current levels. On the other hand, the skeptics continue to question the cryptocurrencies’ valuation, calling it a bubble. Some expect wild swings in 2018. Saxo Bank’s outrageous prediction lists a possible high of $60,000, followed by a drop to $1,000. Similarly, cryptocurrency entrepreneur Julian Hospbelieves that Bitcoin will fall to $5,000, but he tends to think that it will also touch $60,000. He is not sure which level will be reached first. While the predictions offer us different opinions, it is difficult to trade off them. So we have tried to identify a few unique patterns on the charts that repeated in 2017. These can be used as guidelines by the traders to develop a suitable strategy for 2018. 50-day Simple Moving Average In 2017, 50-day Simple Moving Average (SMA) acted as critical support. In all other instances, the price touched the moving average or dipped below it during intraday, but quickly recovered. So, a purchase close to the 50-day SMA offers a low-risk buying opportunity. Buy close to the 50-day SMA and keep a stop loss below it. 200-day EMA decline as long-term entry opportunity Bitcoin offered low-risk entry opportunities to the long-term traders en route to its 20-fold rise in 2017. It has not traded below the 200-day exponential moving average (EMA) since October 2015, which is critical support. In 2017, whenever the cryptocurrency broke below the 50-day SMA, it came within a striking distance of the 200-day EMA. This proved to be an excellent buying opportunity for long-term investors. Even in the next fall, a move close to the 200-day EMA should be seen as a buying opportunity. The price will not necessarily fall as low as the 200-day EMA, even during a large correction. On Jan. 12, for instance, it bottomed about 6.5 percent above the 200-day EMA. Similarly, on March 25, it was about 2.5 percent above the 200-day EMA. On July 16 the bottom formed 10.7 percent above the 200-day EMA. Though not perfect, traders can start their purchase about 15 percent above the 200-day EMA, with staggered buy orders below that. How do we calculate how far above is the price from the 200-day EMA? Though there doesn’t exist any specific indicator for it, we can use the “Price Oscillator” (PPO) by altering its values smartly. The PPO offers the percentage difference between two exponential moving averages. Therefore, if we need to plot how far away the price is from the 200 EMA, we can feed the values of 1,200, which will give us the desired result. What if Bitcoin breaks down below 200-day EMA? If the price breaks down of the long-term moving average, it is a warning signal that things have changed. It indicates that Bitcoin is either entering into a long-term downtrend or into a range-bound action, which will require a different trading strategy. In trading, profit is made by buying and selling at the opportune time. While we have identified a low-risk buying strategy, we have yet to ascertain the best time to sell. Let's take a look at that, next. Best place to sell There was no indicator that would have given a consistent sell signal at the top. But it was noted that a simple trendline did the job perfectly. Even as far back as 2014, a reading above 60 on the ADX has been a good selling point for Bitcoin. How to approach Bitcoin trading in 2018? It is easy to identify and fit indicators and trendlines once the chart has formed. Doing the same with live markets is not an easy task. All in all, it is almost impossible to forecast cryptocurrenciy price movements for the whole next year ahead, because the marker is still young to have developed repetitive patterns of price behavior. Try avoiding long-term prognosis. Happy trading.

Roast Beef Tenderloin with Wine Sauce #Beef #BeefRecipes #BeefTenderloin

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How to Trade Bitcoin in 2018