Hot Topics

Advertisement

Advertisement

Iran gives the go-ahead for bitcoin mining through industrial power plants

It was recently announced by Iran that they have given the green light to industrial-scale power plants in the country to operate as bitcoin miners.  But this will only go ahead if they don’t use subsidised fuel. It was recently announced by Iran that they have given the green light to industrial scale power plants in the country to operate as bitcoin miners. But this will only go ahead if they don’t use subsidised fuel. Mostafa Rajabi Mashhadi, the deputy managing director at Iran is power generation Tavanir recently gave a statement on the issue earlier this week on the...

Read More

11510.44 this Week for BTC/USD? Sally Ho's Technical Analysis 30 July 2020 BTC

Bitcoin (BTC/USD) continued to orbit the psychologically-important 11000 figure early in today’s Asian session as the pair remained elevated after its quick breach of the 10000 and 11000 levels.  Earlier this week, BTC/USD bulls vaulted the pair as high as the 11420.00 area, its strongest print since August 2019, after Stops were elected above the 11026.97, 11115.62, 11340.92, 11399.17, and 11407.81 areas.  Upside price objectives include the 11510.44 and 11604.29 areas.  Recently, traders have lifted the pair above some historical levels of technical significance including the 9532.39, 9772.95, 9948.12, 10260.38, 10276.29, 10354.90, 10615.49, 10647.72, and 10816.43 levels.  Following BTC/USD’s move higher to the 11420.00 area, updated levels...

Read More

What Are Bitcoin (BTC) Whales Planning?

Bitcoin whales have taken the bears by surprise with the recent move past $11k. There is a serious lack of patience among traders and investors in this market and that has a lot to do with the fact that most do not have prior experience in financial markets. Therefore, they expect something to happen quickly and they expect markets to behave rationally all the time. Such misplaced expectations lead to most traders losing big time in this market and it is not just the bulls that FOMO into the market. It is also the bears that keep shorting the market...

Read More

BTC/USD's Blaze Higher to 11420 Opens Up 11510.44: Sally Ho's Technical Analysis 29 July 2020 BTC

Bitcoin (BTC/USD) remained elevated early in today’s Asian session as the pair traded as high as the 11190.40 area after profit-taking pushed the pair as low as the 10575.00 area during yesterday’s European session.   Bulls propelled the pair as high as the 11420.00 area during yesterday’s Asian session, its strongest print since August 2019, after Stops were elected above the 11026.97, 11115.62,  11340.92, 11399.17, and 11407.81 areas.  Traders have lifted the pair above some historical levels of technical significance in recent days, including the 9532.39, 9772.95, 9948.12, 10260.38, and 10354.90 levels.  Stops have recently been elected above the 10268.38, 10276.29,...

Read More

Bitcoin (BTC) Likely To Fill Gap At $11.9k

Bitcoin is ready to fill the CME Futures gap now that it has broken past the previous yearly high of $10.5k. This recent move inflicted some serious pain on the bears. Those that were already in short positions have either been liquidated or they are pretty scared about what might happen next. For us, the strategy is straightforward and that is to never chase tops or bottoms. We are waiting for BTC/USD to complete the ongoing move to fill the CME Futures gap at $11.9k. There is a possibility that we go down before filling that gap but the chances...

Read More