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Sally Ho's Technical Analysis 24 July 2019

Bitcoin Bitcoin (BTC/USD) depreciated early in today’s Asian session as traders drove the pair to the 9,606.00 area following some strong selling pressure that emerged around the 10,216.33 area.  Selling pressure intensified during yesterday’s Asian session after BTC/USD encountered technical Resistance around the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44. Offers then emerged around the 50-bar MA (4-hourly) and the pair was driven lower to the 9,948.12 area during yesterday’s session, a key historical technical level. BTC/USD was unable to move back above the 10,234.22 area during a brief rebound and then Stops were...

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Bitcoin Sinks Below $10k Once More, Altcoins Follow Suit

Despite doing its best to hold onto a five-figure value, bitcoin has sunk below the $10k mark once more. But only just.  At the time of writing, the leading cryptocurrency is priced at $9,988 following a five percent loss in value over the past 24 hours.  So yes, Bitcoin has cracked under the pressure again, sinking below the $10k key resistance level. The leading cryptocurrency is seemingly teasing investors though as it is so close to five-figures, but not quite yet.  Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice....

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Bitcoin (BTC) Slides Below $10,000 To A Four Digit Price Again

Bitcoin (BTC) has once again declined to a four digit price contrary to overly bullish expectations. A lot of traders almost bought the idea that this may never happen again but then the price kept on revisiting the 50 day EMA and the bullish resolve kept getting weaker till the price eventually declined below this level. So, what does this mean? It means that if BTC/USD ends up closing below the 50 Day EMA for the second time within the past two weeks, chances are it is going to go down a lot harder. Market makers have done a good...

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Fraudulent Bitcoin Email Duping Investors Out Of Their Crypto

No matter what happens in the future, cryptocurrency and Bitcoin are always going to have that association with scams, hacks and everything in between.  This is something that will be hard to clean off the the name of bitcoin in the years to come. Recent events aren’t going to help that cleaning process either as a recent email is floating around for financial advisors, scammers have been impersonating the UK’s Financial Conduct Authority (FCA) luring victims into a trap with Bitcoin. The email features the FCA’s maroon branding and logo and also features branding from the UK financial services regulatory...

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Report: Is Bitcoin Still That Much Of A Threat To Finance?

According to recent research published by Messari, Bitcoin is not the big financial bad guy that some critics will claim. Messari said that they conducted some research in response to a few remarks recently made by the United States Treasury Secretary Steven Mnuchin. According to further data from Chainalysis and the United Nations on Drugs and Crime revealed that traditional fiat currency is used 800 times more than Bitcoin to launder money via the darknet.  The UN’s statistics highly contrast with the statements of Steven Mnuchin, who overestimated the issue to the point of describing cryptocurrencies as a national security...

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