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The Most-Referenced Scholar In Satoshi’s Bitcoin Whitepaper Compares Bitcoin To Electroneum

Before the days of Bitcoin and cryptocurrency, there were individuals pioneering what would one day become the blockchain. These scientists were simply trying to best-secure data and the internet as a whole and created a better means in doing so with their work. These pioneers have set the groundwork for what has now evolved into what we know of as blockchain. No individual has arguably had a bigger impact on this evolution than Dr. Scott Stornetta. Stornetta recently stepped into the public eye to speak about his comparison of Bitcoin (BTC) and Electroneum (ETN). When Satoshi Nakamoto wrote the Bitcoin...

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Sally Ho's Technical Analysis 4 September 2019

Bitcoin Bitcoin (BTC/USD) depreciated slightly early in today’s Asian session as the pair receded to the 10522.50 area after trading as high as the 10790.00 area late in yesterday’s European session. Yesterday’s daily high was just below the 10810.13 level that represents the 61.8% retracement of the 8919.72 – 13868.44 range.  The pair has been orbiting the 200-bar MA (4-hourly) for the last couple of sessions and chartists are keen to observe whether a constructive base can be established around this area. One clue emerged yesterday about the pair’s short-term upward bias when Bids emerged above the 10269.89 area, representing...

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Bitcoin (BTC) Has Shaken Out The Bears And Trapped In the Bulls

Bitcoin (BTC) has finally done the inevitable and broken past the bears’ favorite descending triangle. I discussed in my analysis on August 31st how it is not just possible for Bitcoin (BTC) to break the descending triangle but also very probable that it will do that. In fact, I went as far to say that it has to happen and now as we can see it finally has. The reason I expected this to happen was because the bearish resolve had to be weakened before the beginning of the formal downtrend. As you can see the bearish resolve is greatly...

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Bitcoin (BTC) Tops Out, Price Primed For Devastating Downside From Here

Bitcoin (BTC) is primed for significant further downside from here now that it has completed the big move to the upside and ran into a strong resistance. In my opinion, the price has either topped out here or very close to topping out. In other words, I don’t see it rising to $11,000 from here but if it did as a trader I would be prepared for that outcome. Now, the reason I expect BTC/USD to decline from here is because this is the same fractal the price printed in 2014 before its decline. The price has also retested the...

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Binance Buy-Out Crypto Derivatives & Futures Exchange - Take Over on the Table?

I wouldn’t be surprised if you hadn’t heard of the JEX crypto platform as it is a relatively small crypto derivatives network. Well, you may start hearing more about the platform as it was recently acquired by Binance, which is currently publicly testing two bitcoin futures platforms. This move is apart of Binance’s push to capture the crypto derivatives market and take over its rivals such as BitMEX and Deribit. The biggest crypto exchange in the world has revealed that its team is currently working hard on two futures platforms dubbed “Futures A” and “Futures B,” to give its customers...

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