Bitcoin and Ideas On What To Do Next
Nov15

Bitcoin and Ideas On What To Do Next

How to trade this selloff. So BTFD had its stop triggered and you’re wondering what your next move should be. The crypto selloff seems to be widespread with very little hope in sight. This bear wave comes crashing onto the hopeful shores of news about global adoption, new exchanges opening across the globe and more positive regulation. It is a bit shocking for many bulls, though probably not long term bulls who are shooting for...

Read More
Buy The F-ing Dip
Nov14

Buy The F-ing Dip

Now is the time to consider buying the dip. The market is experiencing an unprecedented selloff, but support and resistance levels still remain. In August, when Bitcoin (BTC) dipped, it tested the $5500 level. Traders an use this level as support. One strategy is to enter in this current area of $5700 or so and see if $5500 holds. Using $5500 as support, close your position if the price violates that level on volume. Then keep track...

Read More
Bitcoin Technical Analysis and Price Prediction
Oct29

Bitcoin Technical Analysis and Price Prediction

After days and days of waiting, it looks like Bitcoin want to remain in its tight range of $6100 – $6800. Many bulls seemed to like that the largest cryptocurrency by market cap, defended the support level of $6100 a few weeks back in early October. There was even a broader rally among many coins which seemed to stoke investor sentiment. Despite all the hope and hype, we seem to be trading once again among the lower range of the...

Read More
Data Analysis for Bitcoin (BTC), Ethereum(ETH), and more…
Sep24

Data Analysis for Bitcoin (BTC), Ethereum(ETH), and more…

After a few days of strong bullish action, many have awoken to discover significant losses in their portfolios. Bitcoin (BTC) is down %2, hovering around $6600. Ethereum, once testing $260, has pulled back to $230s, down slightly over %5. Ripple (XRP), now in 3rd place again on Coinmarketcap, has shed over %10 and is trading at $.52. What does this all mean for these coins? Bitcoin (BTC) tried breaking out of it’s current trend...

Read More
Price analysis around the markets
Sep20

Price analysis around the markets

Things have been pretty stable the last couple of days with various currencies making small gains or losses. This bodes well as many currencies have been able to fend off the wave of selling and make traction back north to better prices. Bitcoin (BTC) is trading around $6,430 as of this writing. The currency has been trading in a range of $6100 – $6500. It is consolidating still, but for what still remains to be seen. I was...

Read More
Another Look At The Ethereum Chart & Price
Sep17

Another Look At The Ethereum Chart & Price

Cryptocurrencies today had a rough day. Most of the market was down today and that includes Ethereum (ETH) which, as of this writing, is trading at 195.58, a loss of over 10% from the previous day. To add to the fire, selling volume was strong today indicating the bears had full control of the day. It is no surprise though since this currency has been in a strong downtrend. However, all hope may not be lost. Let’s look. The...

Read More
Binance Launches Beta Fiat/Crypto Exchange in Singapore
Sep17

Binance Launches Beta Fiat/Crypto Exchange in Singapore

Starting today, Binance will be testing a new exchange platform for Fiat/Crypocurrencies in Singapore. The launch was confirmed by their CEO, Changpeng Zhao, who made an announcement and retweeted several posts about the new platform. The CEO has also been seen mingling with the Prime Minister of Singapore,Lee Hsien Loong at the F1 race. This is an exciting development both for the company and the world as it continues to legitimize...

Read More
Mike Novogratz, Galaxy Digital CEO, Makes a Bold Market Prediction
Sep14

Mike Novogratz, Galaxy Digital CEO, Makes a Bold Market Prediction

In a Tweet yesterday, Galaxy Digital CEO, Mike Novogratz, made a bold prediction: “I think we put in a low yesterday”. So this bodes well for the overall crypto market since he accurately predicted Bitcoin (BTC) would hit $10,000. Charting the Bloomberg Galaxy Crypto Index, the CEO, showed how the markets have retraced prices to their previous breakout highs from early 2017. Looking at this as a %100 percent pullback from...

Read More
Digesting Ethereum’s (ETH) Big Bounce
Sep13

Digesting Ethereum’s (ETH) Big Bounce

So Ethereum (ETH) had a nice big bounce today. I am sure many hodlers and traders were relieved. Though the latter probably had more fun than the former since today’s move really didn’t signify much in terms of a recovery. From the 3 month chart, we can see Ethereum’s price hasn’t even passed the 8 day exponential moving average. So basically the price had such a hard sell off that traders took advantage of the...

Read More
Allianz Chief Economist Reaffirms Bitcoin Valuation – Could He Be Right?
Sep13

Allianz Chief Economist Reaffirms Bitcoin Valuation – Could He Be Right?

Mohamad El-Erian, Chief Economic Advisor at The Alianz has again mentioned his expected price for Bitcoin (BTC). He believes Bitcoin will stabilize around $5000, a number it is not too far from already. Interestingly enough, El-Erian has mentioned this price before and believes the current price and previous highs were due to over speculation. Is it possible he could be right? It is hard to argue with El-Erian’s evaluation of...

Read More
Asset Trading: Bitcoin vs. Stocks
Sep11

Asset Trading: Bitcoin vs. Stocks

Over the past 18 months there has been a frenzy of interest in Bitcoin because of the digital asset’s meteoric rise in price. In March of 2017, Bitcoin was valued around $1200. Fast forward to December of 2017 and the price shot up to $20,000. That is an increase of around %1,700! In addition, many other digital assets rose in value which further ignited interest and rallied people, who knew little about digital currencies, to...

Read More
Bitcoin Still Not Showing Signs of Any Strength
Sep10

Bitcoin Still Not Showing Signs of Any Strength

Today Bitcoin had a really lackluster day. To be fair, most digital assets had a fairly lackluster day with a lot of small loses across the board. The currency basically started the day down, only to run back up, giving quick traders a nice run for quick profits. After pulling back a bit, Bitcoin leveled out around the $6300 area, ending the day around $6315. The long term outlook for Bitcoin is still hazy. Although it recently had a...

Read More
Is It Time To Panic Over this Bitcoin Selling? No!
Sep06

Is It Time To Panic Over this Bitcoin Selling? No!

In the past 24 hours, the price of Bitcoin (BTC) has taken a big dip with a decrease of over 10%. Bitcoin is not alone however, as other coins and tokens have taken a huge hit. There are reasons for the selloff, but an important thing to note is that Bitcoin is still hanging tough, keeping support and staying in trend. Bitcoin’s trend as of this year has been an ugly one. It has steadily declined, struggling to find support...

Read More