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Bitcoin (BTC)’s Parabolic ‘Rally’ Will End In Bloodbath Sooner Or Later

Bitcoin (BTC) has been on a roll since the beginning of last month when the price embarked on a parabolic ‘rally’ that has yet to see any signs of a slowdown. This has led to a lot of people calling that the bottom is in or the next bull run has begun without realizing that it is the dumb money leading the charge here. That never happens when we see a trend reversal. Throughout Bitcoin (BTC)’s own trading history as well as in other financial markets, it is always the smart money that leads the charge. When does smart money...

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Sally Ho's Technical Analysis 30 May 2019

Bitcoin Bitcoin (BTC/USD) was weaker early in today’s Asian session following a stronger showing during yesterday’s North American session that saw the pair back around the 8760.43 area, just above the 61.8% retracement of the move from 8947.88 to 8426.09. During yesterday’s European session, BTC/USD came off and traded as low as the 8426.09 area after Stops were elected below the 8488.00 area, an important level that was a historical relative high. Traders are looking to see if the pair can hold the 8598.42 area, representing the 23.6% retracement of the move from 7467.10 to 8947.88. The market has still...

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Ripple (XRP) Faces Rejection At Trend Line Resistance Again Amid Uncertainty

Ripple (XRP) has once again faced strong rejection at its trend line resistance as investors remain confused whether to buy XRP/USD at current prices or not. Ripple (XRP) could be a hedge against Bitcoin (BTC) but it is also overbought at current prices. That being said, Ripple (XRP) has a history of making its independent moves at times and if the price breaks out from the descending triangle that could be the case once again. However, so far the probability of that happening remains very low. To the very contrary, if XRP/USD ends up falling back to the support at...

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A New Wave Of Institutional Adoption For Ripple XRP

New reports out this week suggest that Ripple XRP, among other cryptocurrencies is about to see an exciting new wave of adoption through the world’s first ‘bank-owned’ cryptocurrency exchange. The cryptocurrencies in question include; XRP, Bitcoin and Ethereum. At the time of writing, the Ripple (XRP) token is on the third place in the world market capitalization and it is worth approximately 42 billions of dollars! Now it seems to be the right time to invest in Ripple, however, before investing in Ripple, make sure you choose a safe and secure place from the best Ripple wallets where to store it....

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Ethereum (ETH) Hints At Maximum Pain For Altcoin Market In Months Ahead

Ethereum (ETH) has been in a downtrend against Bitcoin (BTC) for the most part since the beginning of the year. This spells trouble for the altcoin market just when everyone is expecting the next altcoin season. The weekly chart for ETH/BTC shows a very alarming picture. The price is trading within a descending triangle that has a very high probability of being broken to the downside especially as the price remains below the 21 week EMA. The recent rally in Bitcoin (BTC) that did not see altcoins rising as high has made one thing quite clear and that is the...

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