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Tom Lee Expresses Fear On Whether Trump will Ban Bitcoin

Fundstrat’s Tom Lee has shared his biggest fear on Twitter recently which involved the Presidents ban on Bitcoin. With the hearings regarding the upcoming Facebook cryptocurrency, Libra finishing up, members of the Trump administration have moved their concentration onto Bitcoin and cryptocurrency as an asset. Both hearings saw several regulators openly voice their opinion that Libra should never be allowed to launch. Even more in regards to the United States Treasury Secretary Steven Mnuchin made media noise when he told CNBC’s Squawk Box segment that the government intends to bring in some very strict regulations on cryptocurrencies to ensure they...

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Altcoin Season Might Be Closer Than You Think

Bitcoin (BTC) has closed above the 50 day EMA which is a very bullish development. The price could be on the cusp of a major breakout from here as it is now close to breaking past the 21 Day EMA. After the last parabolic advance of 2017 we saw the price decline below the 50 Day EMA when it topped out. It ended up closing below it and then eventually began its uptrend from there to rise above the 21 Day EMA. The price has now closed above the 50 day EMA same as last time which means it is...

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Sally Ho's Technical Analysis 19 July 2019

Bitcoin Bitcoin (BTC/USD) managed to erase most of its intraweek losses and continued to appreciate early in today’s Asian session, trading as high as the 10,742.87 area after very strong buying activity started during yesterday’s North American session. Traders lifted the pair from the 9,291.00 level, right around the 50% retracement of the move from 4,702.53 to 13,868.44, and later found support around the 10,367.06 area, representing the 38.2% retracement of the same range. Support around this level allowed BTC/USD to nearly test its 50-bar MA (4-hourly) and 200-bar MA (4-hourly). Stops were elected above the 10,046.06 area during the...

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Peter Schiff Believes Bitcoins Crash Was Caused by HIM

Cryptocurrency is a bit like a superhero movie in the sense that it has both its heroes and villains. Some of those heroes include Mike Novogratz and Tim Draper who are both bullish on Bitcoin, but then there are the ‘villains’ like Nouriel Roubini and Peter Schiff who are either sceptical on Bitcoin or purely hate it. I’d personally class Schiff as a sceptic on BTC as the gold bug has debated the negatives of Bitcoin several times in the past. That being said, Schiff has recently boasted that he has cracked the case of the plunging Bitcoin price, in...

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France Whitelisting Firms That Follow New ICO Regulations

Facebook’s Libra may have had the spotlight for the past month or so but while that whole debacle continues, let’s see what Europe is doing with cryptocurrencies. Specifically, let’s take a look at what France has been doing recently.  La France has been getting its head down recently and is getting ready to approve the first wave of cryptocurrency companies thanks to new legislation. These new rules mean that the crypto firms will voluntarily abide by a regulatory framework that requires them to pay tax, provide consumer protection and meet capital requirements.  These new rules are to be implemented later...

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