Category: Bitcoin
The analysis published under this category are as follows.
Tuesday, July 17, 2018
Bitcoin Price Analysis – Bullish Golden Cross on the Hourly? / Currencies / Bitcoin
By: Submissions
John Lee Quigley writes: $6400 was acting as a significant resistance level for Bitcoin’s price, however, over the last hour, the price has managed to break to the upside and is currently trading above the $6500 level. The move up over the last hour was on significant volume showing there is some weight behind the move which contrasts heavily with last weeks price action when many were speculating a return to sub-$6000 levels.
Friday, July 13, 2018
Bitcoin Picture Less Than Pretty / Currencies / Bitcoin
By: Mike_McAra
The move up seemed to be continuing and the first impression was that we were seeing a first period of appreciation in some time. But the operative word here is “seemed.” If we take a closer look at what the current environment really is, the picture is far less pretty.
Bitcoin has been around for close to a decade now. Yet we haven’t seen much in the way of research on the Bitcoin network and the principles governing it. Sure, there have been studies analyzing the system from an economic point of view, but their number has been low relative to other topics covered by economic research. In other words, Bitcoin hasn’t been researched that much by people from academia. Against such a backdrop, it is interesting to see new papers taking on the problem of incentives in the Bitcoin network. In an article on the MIT Technology Review website, we read:
Wednesday, July 11, 2018
The Value of Bitcoin / Currencies / Bitcoin
By: Submissions
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Thursday, July 05, 2018
Why Is the Cryptocurrency Market So Volatile: Expert Take / Currencies / Bitcoin
By: Andrew_Cioffi
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Wednesday, July 04, 2018
Back to Resistance for Bitcoin and Ethereum / Currencies / Bitcoin
By: Submissions
By Ryan Wilday: In last week’s article, my charts showed that I expected a corrective rally into the zones we are now pushing against. As always, I marked key resistance with a box and price has entered those areas. These zones are $6724-$7045 in bitcoin (BTC-USD) and $461-$489 in ethereum (ETH-USD).
Because I don’t view the downside trend as complete, nor do we have price through resistance in, my primary remains that that we’ll see further downside. But any thesis regarding market direction must be held loosely. Instead this is an opportunity for me to observe how the market reacts.
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Tuesday, July 03, 2018
Bitcoin Tension Ramps up / Currencies / Bitcoin
By: Mike_McAra
The recent couple of days have turned the short-term outlook on its ear for some traders. The last couple of months have seemed like sooth sailing, not something that could be said about the Bitcoin market too many times in the past. Now, we get a different reading and some might say that the tide has turned. But you need to go deeper than that.
Bitcoin has gone up and the bulls are euphoric. This is a marked change from the recent weeks when there was little to nothing for Bitcoin aficionados to cheer to. The main question, however, remains: “Has anything changed?” With the recent appreciation, we could also ask: “Does this action change anything?” Is there anything that could drive the profits on our hypothetical speculative positions?
Thursday, June 21, 2018
Things You Need To Know If You Want To Invest In Bitcoin Now / Currencies / Bitcoin
By: Boris_Dzhingarov
2017 was a wonderful year for Bitcoin but 2018 did not yet live up to initially set expectations. Basically, people that are specialized in Bitcoin and crytpocurrency investments are now divided. Investing in Bitcoin is something so many are interested in but before you do this, there are some things that you absolutely have to know.
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Tuesday, June 19, 2018
Short-term Turnaround in Bitcoin Might Not Be What You Think / Currencies / Bitcoin
By: Mike_McAra
The last couple of weeks have been disheartening for Bitcoin bulls. The currency has been on a move down. Is this about to end? The answer to this question determines whether the profits on our hypothetical positions are about to grow.
News has come out that the recent move down might be over. In an article on the Forbes website, we read:
The plunge began Sunday, with several factors possibly feeding into it, including a cyber-heist that hit South Korea’s Coinrail cryptocurrency exchange—even though no bitcoins were stolen—and a U.S. regulatory probe into Bitcoin price manipulation.
Monday, June 18, 2018
Ethereum & Bitcoin: First Sign of Unravelling Cryptos / Currencies / Bitcoin
By: Ryan_Wilday
In articles starting in April I discussed the bullish impulse we had seen off the April lows for nearly every coin I track. And, I discussed how the lows on May 28 were testing levels that, if broken, threatened the continuation of that impulse.
Unfortunately, as of writing, those levels have broken. These levels were $7075 in bitcoin (BTC-USD) and $505 in ethereum (ETH-USD). And, while we have a few outliers in the cryptocurrency, most coins are following suit.
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Saturday, June 16, 2018
Respite for Bitcoin Traders Might Be Deceptive / Currencies / Bitcoin
By: Arkadiusz_Sieron
Bitcoin has been denying the bullish ideas of some of the investors for some time now. At the moment, the currency is in a particularly important zone. One specific move out from this area could result in extreme moves, boosting profits on our hypothetical positions.
Bitcoin is still going down. As always, there is an explanation for every move. In an article on CNBC, we read:
The digital currency fell to a low of $6,133.31 as of 1 p.m. ET, according to data from CoinDesk. Bitcoin has lost half its value this year after skyrocketing to almost $20,000 in December.
Saturday, June 16, 2018
Bitcoin Price To $0 Or $1 Million In One Year? Video / Currencies / Bitcoin
By: GoldCore
– Bitcoin price in one year (June 2019)?
– Bitcoin at $10,000 is the call of majority of MoneyConf poll participants
– Bears see bitcoin at $0 while uber bulls see $100k/$1m (incl. Max Keiser)
– Is binary and “bitcoin will likely go to zero or go much higher”
– “Which cryptocurrency are you betting on in 2019?” – MoneyConf poll asks
Wednesday, June 06, 2018
Respite for Bitcoin Traders Might Be Deceptive / Currencies / Bitcoin
By: Mike_McAra
There seems to be some respite for Bitcoin traders. It might be tempting to take this breather as a sign of the tide turning. We highlight the reasons why you probably shouldn’t.
In the last couple of days, Bitcoin has gone up a bit. This has brought questions if the current move is only a correction within a decline or already an important sign of a shift in the market. In an article on CoinDesk, we read:
Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap.
The cryptocurrency broke through a key descending trendline (drawn through the May 6 high to the May 21 high) on Sunday, adding credence to last Tuesday's bullish outside-day candle and signaling a short-term bearish-to-bullish trend change.
Wednesday, June 06, 2018
Bottom Holds in Bitcoin, Ethereum: Price Must Prove Sentiments / Currencies / Bitcoin
By: Ryan_Wilday
Last week in my article, "A bottom in the crypto market, or more blood-letting?" I suggested that a bottom could be imminent, or that we had bottomed. I often look to our bellwethers, Bitcoin(BTC-USD) and Ethereum (ETH-USD), as signals for the larger crypto market.
I wanted to see $7085 hold in bitcoin and $495 in Ethereum. On May 28, bitcoin hit $7075, a nominal break and ethereum $505. So far, those levels have held, and we appear to have set up bullishly. As long as they do, we have a very bullish setup - the five-wave pattern off the April lows, which suggests this wave ii we believe bottomed that proceeds a larger third wave rally.
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Thursday, May 31, 2018
If Bitcoin Is A Fraud, So Too Is The Dow Jones Industrial Average / Currencies / Bitcoin
By: Barry_M_Ferguson
Below is a chart of the ETF that tracks the value of bitcoin, GBTC, and the Dow Jones Industrial average for one year ending 4/29/18. One can easily see the correlation. They are the same chart. Maybe GBTC leads the Dow in direction. If so, GBTC is going lower while the last Federal Reserve instigated rally only turned ugly today with a near 400-point selloff. Let’s review.
As I have been writing, America has been stripped of everything including a ‘market’ of stocks and the ability of investors to realize price discovery. The Fed is in charge of that. Forget Elliot Wave or fundamentals or anything else. That stuff only applies to real market behavior. Technical patterns only matter because the Fed manipulates them to keep us playing along.
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Wednesday, May 30, 2018
Outlook Shifting in Predictable Ways for Bitcoin / Currencies / Bitcoin
By: Mike_McAra
As Bitcoin is going down, we’re seeing more and more information on how the currency is in a precarious position or how the prospects of the currency is bleak. But what interests traders the most is if the recent developments have changed anything in the current outlook. And we provide you with our answer to this question. One our readers have known for some time now.
The media seem to have noticed that Bitcoin has depreciated. More Bitcoin-oriented outlets might even focus on market-specific events such as technical developments. In an article on CoinDesk, we read:
Bitcoin risks closing below the 50-week moving average (MA) – an important long-term support not breached for over two-and-a-half years.
Tuesday, May 22, 2018
More Clarity for the Short Term for Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
Bitcoin has been on the move down from $10,000. The recent couple of days, however, saw the decline decelerate. Does this have any bullish indications for the currency at the moment. We actually do have some strong ideas on this question and on the possibility that we might have already seen a local extreme. We would like to share them in this alert along with thoughts on our already profitable hypothetical positions.
It’s really hard to put a reasonable number down as far as Bitcoin’s value is concerned. This doesn’t stop people from taking a crack at it. On the Forbes website, we read:
Sunday, May 20, 2018
Are You Still Fearful of Cryptos? / Currencies / Bitcoin
By: Avi_Gilburt
Ryan Wilday: Since leaving my job as a corporate design manager to analyze and trade cryptos (among other things), I’ve gained new attention from old colleagues. In circles of my former profession, I’m the guy that retired to trade for a living. While my departure from corporate life was something I planned for many years, cryptos certainly gave those plans a shot in the arm.
Regardless of how it came about, my early ‘retirement’ carries some lore; ‘He must have made millions on Bitcoin’ I’m sure some say.
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Saturday, May 19, 2018
Bitcoin Beyond the Bubble - Video / Currencies / Bitcoin
By: Jeff_Berwick
You know what’s almost as rewarding as being right about Bitcoin? The satisfaction of saying “I told you so” to all the powerful naysayers who scoffed at crypto years before it became today’s most profitable trend.
And that’s what the new documentary “Bitcoin: Beyond the Bubble” does so well, capturing the establishment freakout we in the crypto world have painstakingly endured for so many years.
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Wednesday, May 16, 2018
IS BITCOIN ANONYMOUS? / Currencies / Bitcoin
By: Submissions
Like most people new to Bitcoin, you’re probably wondering whether it is anonymous. The answer is NO. While many individuals see it as an anonymous cryptocurrency or payment platform, Bitcoin, like many other cryptos is private but pseudo-anonymous.
While it doesn’t need users to provide their details, all the transactions they’ve made or will make are public domains, and everyone in the blockchain will be able to see them. To secure its transactions Bitcoin uses a public key, which is a long string of letters and numbers called a BTC address. These public keys are not tied to any identifiable details and information; however, in theory, they can be used to gather information about an individual over time.
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Tuesday, May 15, 2018
Bitcoin Tide Might Have Turned / Currencies / Bitcoin
By: Mike_McAra
Bitcoin stabilized, went up, went down and now is going up again. The ride has been wild and the opinions on the outlook in the market have been shifting. We hold a steady course and strive to filter out all the noise to give you the most relevant information. An there’s rarely a more important time than now for that. The tide might have turned and we’re on the lookout for a confirmation of the trigger. Such a confirmation could increase the profits on our hypothetical position.
The South Korean government moved to raid the biggest cryptocurrency exchange in the country. On Reuters, we read:
South Korean prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud, Yonhap news agency reported.
The agency did not give details. Neither Upbit nor the financial investigation team of the Seoul Southern District public prosecutors’ office was immediately available for comment..