Hot Topics

Advertisement

Advertisement

NEO’s +24.6% Surge Pushes CD Large-Cap Index to 2019 High

The CryptoDaily 21 Leaders Cryptocurrency Index jumped sharply to 54.54 on Saturday from 51.62 on Friday, a 5.65% surge. The 21 Leaders Index is up 16.93% over the past 7 days and is up 23.84% over the past 30 days. Ontology (ONT) led the Index higher with a 10.9% gain to US$ 789.02 million as traders reacted to news that the Ontology network is opening three new Telegram communities, making the community accessible in seventeen languages. IOTA (MIOTA) also contributed with +10.5% gains while Binance Coin (BNB) led the losers with a 0.8% drop. The CryptoDaily Large-Cap Cryptocurrency Index rallied...

Read More

Has Bitcoin (BTC) Topped Out Yet?

Bitcoin (BTC) has yet to show any signs of a slowdown as the price keeps on rising, printing one parabolic rally after another. A lot of retail traders have become optimistic to the point of complacence. Most already expected that the bear market was over and now that the price has shot up past $10,000 that belief has strengthened. Meanwhile, the bears are running scared trying to defend their shorts. As always, only those that are patient and disciplined will be able to profit off the next downtrend, but the question is, “Has the price topped out yet?” Well, the...

Read More

Sally Ho's Technical Analysis 23 June 2019

Bitcoin Bitcoin (BTC/USD) took a break from its massive surge higher early in today’s Asian session as the pair hovered around the 10673.99 area, representing the 23.6% retracement of the move from 8919.72 to 11215.89. Late in yesterday’s European session, the pair reached its strongest level since early March 2018 following massive gains earned during yesterday’s Asian session when Stops were elected above the 10427.91 area, a key upside extension price objective related to the 10 June low of 7508.77. Additional Stops were elected above the 11116.83 area, a related key upside extension price objective related to the same range...

Read More

Bitcoin (BTC) Long Overdue For A Sharp Decline As Bulls Become Too Complacent

The last few months of parabolic run up has made Bitcoin (BTC) bulls too complacent. In fact, a lot of them have started to become quite comfortable holding on to their positions even under such overbought conditions in anticipation of a rally towards $100,000. Even those that got lucky with the recent Tether (USDT) pumps are reluctant to sell some of their holdings as FOMO remains near all-time high. Crypto Twitter and other social media platforms for cryptocurrency enthusiasts are full of bullish posts. This right here is strong evidence that the vast majority of ‘investors’ never learn from their...

Read More

ETH and BTC Power CD 21 Leaders Index to 2.5% Gain

The CryptoDaily 21 Leaders Cryptocurrency Index improved to 51.62 on Friday from 50.36 on Thursday, a 2.50% gain. The 21 Leaders Index is up 6.52% over the past 7 days and 13.80% over the past 30 days. Ethereum (ETH) led the Index higher with a +8.2% gain to a US$ 31.52 billion market capitalisation as traders pushed Ethereum above key technical resistance around the 302.20 area. Bitcoin (BTC) also scored gains of +6.3% while Chainlink (LINK) led the losers with a 3.1% decline. The CryptoDaily Large-Cap Cryptocurrency Index improved to 34.67 on Friday from 33.39 on Thursday, a 3.83% surge....

Read More