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Why Gold And Bitcoin (BTC) May Not Be On The Same Side

Chart for Gold (1M) Gold has seen extensive sell off since 2013. This was the same time Bitcoin (BTC) also fell significantly following the Mt. Gox hack. The price of Gold formed a double top and declined rapidly as it broke below the 21 Month EMA. In early 2016, Gold managed to climb above the 21 Month EMA and investors’ confidence was restored. However, it failed to appreciate significantly and soon fell below the 21 Month EMA again. The price of Gold is still below the 21 Month EMA but it now faces a new challenge. The trend line which...

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Ripple (XRP)’s Strong Bearish Momentum Lasted Less Than A Month

Ripple (XRP) has been in a correction for as long as the rest of the market. However, the sentiment towards Ripple (XRP) has remained a lot different than that that towards most cryptocurrencies. This optimism towards Ripple (XRP) stems from the promise of XRP eventually replacing fiat currencies. Given the low cost and high speed of XRP transactions, it is easy to see why most Ripple (XRP) investors strongly believe in this promise. Most of the time, we see that markets do not care about sentiment. It is also true in the case of Ripple (XRP) and as we can...

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Ethereum (ETH) On Track To Retest Support Turned Resistance

Ethereum (ETH) is at an interesting point. The correction is almost over and the price is now preparing to begin its new cycle. If we look at Ethereum (ETH)’s trading history, we will see that there are three phases of an Ethereum (ETH) cycle. If we consider correction to be the first phase, then we will see it followed by a gradual rally which is then followed by an aggressive rally. Now, most of these cryptocurrencies certainly have a lot of room for growth but they cannot just rise with the same pace. There is a limited amount of money...

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Decreasing Bitcoin (BTC) Volatility And Its Implications

Chart for BTC/USD (1D) Bitcoin (BTC) has been hovering around $6,400 for a long time now. Volatility has dropped significantly and the price is trading in a very tight range. The last time this happened, we saw the beginning of a new cycle. However, most Bitcoin (BTC) investors who have not been around for long refuse to believe that. So, let us analyze the implications of a decreasing Bitcoin (BTC) volatility without any bullish or bearish bias. Volatility in the cryptocurrency market is a trader’s best friend. If you are someone who likes to buy and sell on a regular...

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Bitcoin (BTC) To $60,000 Or $300,000 In 2019?

Chart for BTC/USD (1W) There is no doubt whatsoever that Bitcoin (BTC) has found a bottom. The price is currently trading above $6,400 and ready to make a decisive move. Apparently, market makers are waiting to see how the stock market situation plays out before they open the floodgates.  Make no mistake; big money has been changing hands in OTC markets. If you think institutions are not involved yet, you are wrong. However, nobody wants to touch the price of Bitcoin (BTC) on exchanges at the moment. Any activity on Wall Street is highly likely to have a strong and...

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