Hot Topics

Advertisement

Advertisement

Sally Ho's Technical Analysis 28 August 2019

Bitcoin Bitcoin (BTC/USD) marched lower early in today’s Asian session as the pair retreated to the 10,105.02 area after encountering some selling pressure around the 10,232.13 area late in yesterday’s North American session, just below the 50% retracement of the move from 6,600 to 13,868.44.  Traders took the pair as low as the 10,019.56 area during yesterday’s North American session following some selling pressure that emerged around the 10,395.77 area during yesterday’s Asian session. These Offers were a little bit above the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44. Market sentiment for BTC/USD continues...

Read More

What Makes Blockchain A Bigger Investment Than Bitcoin

For those lucky few that bought Bitcoin early, it proved to be a very wise investment after the price of the cryptocurrency went through the roof at the end of 2017 to reach, and surpass $20,000. Nevertheless, despite the big gains from Bitcoin, last year saw the crypto sink near the bottom to a low of $3,500. There is a general thought process amongst crypto experts that Bitcoin won’t ever reach it’s all-time high ever again. Even so, the underlying technology in Bitcoin is blockchain which still offers a lot of promise for investors. If you happen to be thinking...

Read More

Craig Wright Following Judge Ruling On Kleiman Case: “I’m the *sshole Satoshi”

After the judge ordered him to hand over 50 percent 1.1 million bitcoin to the Kleiman estate, the self-proclaimed Satoshi Nakamoto seems to have flown off the handle a little bit… The name’s Nakamoto… If we go off today’s prices, the 50 percent, now owned by the Kleiman estate, would be worth over $10 billion.  According to Modern Consensus, Wright said: "The judge ordered me to send just under 500,000 BTC over to Ira. Let’s see what it does to the market. I wouldn’t have tanked the market. I’m nice." Magistrate Judge Bruce Reinhart ordered the ‘payment’ but it isn’t...

Read More

Bitcoin IS In A Bull Market According To Rekt Capital

Has the bear market actually ended? It might sound silly to newcomers in the industry with bitcoin now worth around half of its all-time high of $20k, but many are still wondering whether the infamous bear market has actually ended.  Rekt Capital have just answered one question in a recent tweet and article posted onto Medium. Their answer is that bitcoin is indeed in a bull market. There are people like Tom Lee and Mike Novogratz who also agree with this claiming that the bears are, at least for now, gone.  Get Rekt In explaining its position, Rekt Capital noted...

Read More

Bitcoin (BTC) Is Running Out Of Reasons To Stall Its Move To The Downside

Bitcoin (BTC) is running out of reasons to stall a move to the downside. First, it was the “symmetrical triangle” that some analysts tried to draw on the BTC/USD chart. In all fairness to them, it was a symmetrical triangle but technical analysis is about more than just lines on a chart. You cannot just draw lines on a chart and say “the price might either crash hard or rally hard”. You need to have an idea as to what might happen and why it might happen. The manner in which the price has been resisted a meaningful decline is...

Read More