Hot Topics

Advertisement

Advertisement

Bitcoin (BTC): How The Recent Slump Differs From The Previous One

Bitcoin (BTC) had two major slumps within less than a week. While the first crash caught most investors and traders off guard, the second one was very much predictable. The above 4H chart for BTC/USD shows how the first crash happened and why it was not as surprising as many people think. The period on the chart labeled as “D” refers to the drop that might have been hard to time. The RSI was relatively overbought at that range but the price could still have gone up. However, when the price fell and entered a consolidation in the period on...

Read More

Why The Independent Are Wrong About Bitcoin

UK News giants, The Independent have published an article titled ‘Cryptocurrencies are about to become worthless - and this is what will happen when they crash.’ We want to quickly discuss why The Independent are wrong. Obviously. “Anything that is so volatile cannot be a satisfactory unit of account. It is itself stable so you can’t measure other values against it. It can be a medium of exchange but you would have to fix the transaction price instantly, and in any case, the capacity of even an established cryptocurrency to handle a mass of transactions is limited. As for store...

Read More

EUR/USD And Bitcoin (BTC) About To Complete An Inverse H&S Formation

Bitcoin (BTC) is following in the footsteps of EUR/USD to complete an Inverse Head and Shoulders Formation. If this comes to fruition, it could be a big deal for both EUR/USD and Bitcoin (BTC) as it would push both towards not just a recovery, but a bull market. As we have seen in the past, Bitcoin (BTC) is incapable of making its own moves when it comes to certain critical points. In our previous analysis, we explained how Bitcoin (BTC) price action is just a consequence of the price action of major stock market indices like the Nasdaq Composite and...

Read More

Bitcoin EOY Predictions Part 2

As we said earlier, everyone in the crypto space has been predicting their different end of year targets for the leading cryptocurrency, Bitcoin. Some are saying it will stay in a similar region to what is it now whereas other are bullish that it will reach at least $10,000 by the end of 2018.2018 will be one that won’t be remembered fondly since it has been in one continuous downtrend following the massive surge which saw Bitcoin touch $20,000 in December last year. The co-founder of Fundstrat Global Advisors, Tom Lee predicted that Bitcoin will reach $15,000 by the end...

Read More

Lightning Network Booms To High Capacity

Despite the markets declining over the past few weeks, there has recently been a sudden intake of nodes on Bitcoin’s Lightning Network has seen capacity increase to new all-time highs as the scaling solution is now going over $2 million in Bitcoin. 1ML.com released data from the past week which shows that the overcapacity shot up almost 300 percent to 438 Bitcoin. An analysis of top capacity nodes on the Bitcoin mainnet Lightning Network integration reveals numerous new entries from the same provider. Most of these shrink the capacity of the networks previous massive node which provided around 15 Bitcoin....

Read More