Hot Topics

Advertisement

Advertisement

Sally Ho's Technical Analysis 9 August 2019

Bitcoin Bitcoin (BTC/USD) continued to orbit some very important technical levels early in today’s Asian session as bulls contemplated a fresh assault on the psychologically-important 12,000 figure, while bears eyed a return to the 11,136.82 area, a level that represents the 50% retracement of the move from 13,202.63 to 9,071.00.  The pair is now trading well above its 50-bar MA (4-hourly) and continues to oscillate above and below its 50-bar MA (hourly). The 11,950 level continues to draw serious interest from traders as it represents a downside price objective that developed when the pair descended from the 13,204 level in...

Read More

The Markets Are Flying High, Bitcoin, XRP, Ethereum Up

You might have noticed that at the moment the cryptocurrency markets are flying high. Values are on the up and as are our investments. Overall, this is very positive news given that generally the past year has been quite a depressing one for us. With the markets moving in the right direction, it can be quite easy for us to get ahead of ourselves, so we must remember to hold back at this stage and not let our excitement get the better of us.  Cryptocurrency investment is risky. Even the leading cryptos like Bitcoin, XRP and Ethereum do come with...

Read More

Bitcoin (BTC) Cannot Stall A Move To The Downside For Long

Bitcoin (BTC) is stalling a move to the downside but it cannot do that for long. We have seen many traders on both sides shaken out amid confusion in the market. However, this cannot go on for long and sooner or later the price has to crash before the bears get all excited about shorting the market. What happened in the last 48 hours was something that we expected. BTC/USD cannot just start falling by 40% with most of these bears onboard. They are going to clean the casinos out. So what does the casino do? It discourages them from...

Read More

How Much Damage Will This Do To Bitcoin?

At present, the political climate is rather tough. Tensions between the United States and (to be honest) most of Asia seem to be having a huge impact on financial markets all over the globe. By the day, currencies seem to be getting weaker and stocks are in decline too. Things aren’t looking great and sadly, this could eventually have an impact on Bitcoin too. We turn to stories from North Korea to explore this a little further. Now you could argue that actually, Bitcoin’s current success is down to political turmoil, with more people turning to Bitcoin as a result...

Read More

Bitcoin’s Future Time Delay Feature

Bitcoin is a product that exists through innovation. It’s not a static product, it is one that will always improve and will always be subject to new ideas and upgrades. Often, these come in the result of forks, these are network changes that take place in order to run big upgrades that can change the network, when this happens, a spin off cryptocurrency is created, pushing the likes of Bitcoin Cash and Bitcoin Gold into existence. Investopedia offers a very detailed description of this process, known as a Hard Fork: “A hard fork (or sometimes hardfork), as it relates to...

Read More