Bitcoin: Tea Cup and Handle

May 24, 2019  /  by Bill Noble
Continuing on our relentless theme of applying old school chart techniques to crypto, we are seeing a classic chart formation develop in Bitcoin (BTC). Looking at XBTUSD on BitMEX, we are seeing a “tea cup and handle” continuation formation on an intraday chart (Figure 1). Figure 1 The theory behind the pattern is simple. A… Read more

Market Analysis: Crypto Market Surges Into the Green as Bitcoin (BTC) Rises to $8,100

May 24, 2019  /  by Zachary Mashiach
Around 5 a.m. yesterday morning, Bitcoin (BTC) dropped to as low as $7,500 and was close to shattering its critical support level. However, Bitcoin (BTC) then rose throughout the day yesterday, and this steady rise has continued into today. Around noon Eastern time, Bitcoin (BTC) reached $8,170 before pulling back to $8,020 by 3 p.m.… Read more

The Malfeasance of the Mainstream Financial Media

May 24, 2019  /  by Ronald Tichenor
Crypto was born in the aftermath of the last financial crisis and was designed to mitigate the damage of the next one. The technological innovation called blockchain — and cryptocurrency as a specific application of blockchain — is a financial innovation, a unique product of our digital age, and a triumph of capitalism. As such,… Read more

Crypto.IQ Daily Radio Show May 24: AT&T Now Accepting Bitcoin (BTC), Bulgaria Sold 200,000 Bitcoins (BTC) Near the Peak of the Last Bull Run, Localbitcoins Bans Iranian Users, Facebook to Launch Globalcoin in Early 2020

May 24, 2019  /  by Zachary Mashiach
Listen to the May 24 Crypto.IQ Daily Radio Show On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) has surged from $7,500 to $8,100 since yesterday morning, and the rest of the crypto market is well into the green. The renewed bullishness in the crypto market… Read more

Market Analysis: Support at $7,500-$7,600 Holds and Bitcoin (BTC) Bounces Back to $7,800, Crypto Market Still Mostly in the Red

May 23, 2019  /  by Zachary Mashiach
Bitcoin steadily declined overnight and into the early morning hours, reaching as low as $7,500 at 5 a.m. Eastern time. For a moment, it looked like Bitcoin’s (BTC) support level was about to give way, which would have caused a crash. Instead, support held, and Bitcoin (BTC) bounced back to $7,800 by noon. Since then,… Read more

Is There a Quantum Threat To Bitcoin (BTC)?

May 23, 2019  /  by Zachary Mashiach
Quantum computers have the potential to be the next big leap forward for humankind. However, there has long been speculation that quantum computers could become so powerful that they could break through Bitcoin’s cryptography — and the cryptography of all other cryptocurrencies and blockchains for that matter. If this happens, hackers with quantum computers could… Read more

Bitcoin (BTC), Nasdaq 100 (QQQ), and VIX: Pricing in War?

May 23, 2019  /  by Bill Noble
Blog posts are coming out today validating our idea from yesterday that legacy financial markets and banks may be headed for a “black swan” event. A black swan is market slang for a big negative event that comes out of nowhere. Three pieces caught our eye this morning. One article briefly mentions that Chinese President… Read more

Crypto.IQ Daily Radio Show May 23: Reminiscing on the Day Someone in Florida Purchased Two Pizzas for 10,000 Bitcoins (BTC), Bitfinex and Tether Score a Victory Against New York Attorney General’s Office, Circle Decreases Funding Goals and Lays Off Some Employees Due to Harsh Regulations, Major Crypto Mixer Seized in Netherlands, Binance CEO Suing Sequoia Capital

May 23, 2019  /  by Zachary Mashiach
Listen to the May 23 Crypto.IQ Daily Radio Show On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) is near the bottom of its trading range this morning, resulting in the crypto market being in the red. Support at $7,600 appears to be holding for now,… Read more

Market Analysis: Bitcoin (BTC) Range Bound Between $7,700 and $8,100, Crypto Market in the Red

May 22, 2019  /  by Zachary Mashiach
Bitcoin (BTC) steadily declined from $8,100 yesterday evening to $7,800 this morning around 7 a.m. Eastern time before bouncing back to over $8,000 around 11 a.m. Bitcoin (BTC) then dropped to as low as $7,700 by 4 p.m. but has rebounded to just over $7,800 currently. Zooming out, Bitcoin (BTC) has been sideways and volatile… Read more

Banks (XLF): September Repeat?

May 22, 2019  /  by Bill Noble
Long Bitcoin (BTC), short the banks has been a long-held Crypto rally cry, especially on Twitter. Looking at a chart of XLF (S&P financial stocks ETF), it does look like financial stocks could drop sharply. The pattern in XLF is very similar to the one that unfolded in September of last year. Back then, there… Read more
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