Today's Hot Topics

Advertisement

Can Bitcoin (BTC) Bulls Declare Victory Yet?

Bitcoin (BTC) has once again closed below the 50 Day EMA. On first glance, this is a very bearish development because most of the time when the price does that, it is followed by further downside. However, in this case there are other factors that could prevent the price from doing it. If we take a look at where the price stopped declining, it was the 38.2% fib retracement level from the all-time high. This zone also coincides with the 38.2% fib extension level from the December, 2018 lows. So, while the price looks bearish on surface that may not...

Read More

Sally Ho's Technical Analysis 18 July 2019

Bitcoin Bitcoin (BTC/USD) failed to sustain some short-lived gains early in today’s Asian session as the pair fell back to the 9583.88 area after trading as high as the 9998.00 level during yesterday’s North American session.  Traders were unable to push the pair back above the psychologically-important 10,000.00 figure, again calling into question the market’s short-term bias. During yesterday’s European session, BTC/USD traded as low as the 9,071.00 area as the pair managed to remain above the 9,009.65 area, representing the 76.4% retracement of the move from 7,508.77 to 13,868.44. Chartists are anticipating some Stops that are likely to be...

Read More

Crypto Classes Continued

A couple of months ago we covered a story on the many classes within the cryptocurrency industry that seem to be challenging the democratic, working person’s nature that was weaved into the original architecture of Bitcoin, as established by the mysterious Satoshi Nakamoto, whoever that may be. During this, we highlighted a number of points that we are going to continue to elaborate on today, firstly: “When we observe the cryptosphere today, it’s clear that this design has had quite the opposite effect, if anything, Bitcoin and cryptocurrencies have only given power back to the elite, reinforcing the class hierarchy...

Read More

Bitcoin (BTC) Highly Likely To Climb Back Above $10,000 By End Of The Week

Bitcoin (BTC) has declined well below $10,000 in the last 24 hours which is apparently quite alarming but on closer observation, we see that BTC/USD has completed a major correction. This is a different outlook than the one that we would have in mind simply looking at the price and thinking it has fallen below the 50 Day EMA which has to be bearish. The price has indeed fallen below the 50 Day EMA but it has found support on the 38.2% fib extension level which is a sign of relief for the bulls and an indication that there is...

Read More

Bitcoin Sinks Below $10k Leaving Markets In Shock

The market expert with more than forty years experience, Peter Brandt has recently come out to say that a violation of the parabolic phase that started in December last year could spark an 80 percent correction of the entire parabolic advance. Earlier this month, Bradt tweeted: If current parabolic phase is violated, we could expect either an 80% correction of 7-month advance or much smaller correction w/ definition of new parabola w/ shallower slope. $BTC Note formation of possible 2-wk H&S or H&S failure pic.twitter.com/6IF1bHREAv — Peter Brandt (@PeterLBrandt) July 7, 2019 As the Bitcoin price is still starting to...

Read More