Hot Topics

Advertisement

Advertisement

Why Bitcoin (BTC) Can’t Fall Below $5,800

Bitcoin (BTC) cannot fall below $5,800. There, I said it. It might not be possible to say what price Bitcoin (BTC) might reach by the end of the year. That is because one will have to speculate. However, to see if Bitcoin (BTC) can fall below a certain level, there is no need for speculation. We have plenty of historical data to base our analysis on. There are two straightforward charts that form the basis of this analysis. The first chart is the above weekly chart for BTC/USD. The two lines drawn on the chart form part of the hypothesis...

Read More

Ethereum (ETH): Final Shakeout Or Another Bear Trend?

Ethereum (ETH) seems to have just broken its symmetrical triangle to the downside. This was expected as the price entered the triangle from the upside. Symmetrical triangle being a continuation pattern had a higher chance of breaking to the downside. The ETH/USD daily chart shows that it happened. Ethereum (ETH) began the day in red and soon broke below the triangle. Under normal conditions, this would be a strong sign of further downside to come. However, this did not happen under normal conditions. The volume for ETH/USD is already too low and the price can be easily manipulated either way....

Read More

Bitcoin (BTC) And Reversal Of The Commodities Market

Bitcoin (BTC) is a commodity. A quick glance at the S&P Commodity Index vs. S&P 500 tells us that commodities have been in a downtrend since Bitcoin (BTC)’s inception (Aug 2008). Despite that, Bitcoin (BTC) rallied 596,666,566% from a price of $0.003 in March 2010 to $17,900 in December 2017. This was a major achievement considering the trend was against Bitcoin (BTC) between 2010 and 2017. Equities rallied after the financial crisis whereas commodities other than Bitcoin (BTC) entered a bear market. Gold hit its all time high of $1900 in 2011 and soon entered a bear market. Oil had...

Read More

Why Bitcoin (BTC) Is The Perfect Hedge Against The Next Crisis

Chart for BTC/USD (4H) The next financial crisis will not come from a known unknown. Veteran investors on Wall Street are convinced of that. Before the last crisis, there were investors who could see the events leading to a financial crisis. They hedged against it and some even made a lot of money off it. Today, we are at a similar point. However, the difference is that the known unknown is not known to us. We can speculate, saying it will be an orchestrated stock market hack or a big data failure. That is beside the point. As investors, we...

Read More

Ripple (XRP) Might Surprise The World In 2019

Chart for XRP/USD (1H) Ripple (XRP) is moving at a very fast pace. Anything is possible at this point. The Ripple team runs a very tight ship and they know how to get things done. The above chart for XRP/USD shows that Ripple (XRP) bulls have a tight grip on the price. Ripple (XRP) has just touched the bottom of the ascending channel it is trading in. XRP/USD is currently trading below the 21 Hour EMA but soon as breaks above it, the road towards $0.70 will be clear. Technical indicators are in favor of such a rally. RSI for...

Read More