Bitcoin (BTC) and Litecoin (LTC) vs. Raven (RVN) and Ethereum (ETH): A Study in Contrast

April 1, 2019  /  by Bill Noble
Looking at Bitcoin (BTC) on BitMEX, there is major resistance at $4150 (Figure 1). Obviously, that resistance needs to be overcome to expect more upside in Bitcoin (BTC). Tactical players will likely try and be short at this level. As of now, we expect HODLers to not sell here. So, shorts are going to need… Read more

Market Analysis: Bitcoin (BTC) Punches Through $4,000 Resistance Level, Rest of Crypto Market Mixed

March 29, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has finally punched through the stubborn $4,000 resistance level after battling with this resistance level for two weeks. During the early morning hours before sunrise, Bitcoin (BTC) rallied from $4,000 to $4,100. Around 6 a.m. the price was moving up rapidly, and this was likely a short squeeze. By the late morning, Bitcoin… Read more

The Tokenization of Everything: Raven (RVN) and Polymath (POLY)

March 29, 2019  /  by Bill Noble
Headed into the weekend, we thought it best to look at charts that were linked to tokenizing assets such as real estate as well as coins that might be involved in the new type of ICO.s: STO’s (security token offerings). Ethereum (ETH) is bouncing off a trendline at $137 (Figure 1). This is promising because… Read more

Market Analysis: Bitcoin (BTC) Once Again Stuck at Stubborn $4,000 Resistance Level Resulting in Mixed Day on the Crypto Market, CME Bitcoin Futures Expiration Tomorrow

March 28, 2019  /  by Zachary Mashiach
Bitcoin (BTC) is once again stuck at the stubborn $4,000 resistance level. Yesterday evening Bitcoin (BTC) rose as high as $4,037 before being pushed back to $4,000, and around noon, Bitcoin (BTC) went as high as $4,020 before being gently pushed back to $4,000. The $4,000 resistance level has been in place since March 15.… Read more

Bitcoin (BTC) Macro: The Euro (EURUSD), Gold (GLD), and S&P (ES)

March 28, 2019  /  by Bill Noble
We see three charts from legacy markets that may be relevant to Bitcoin’s (BTC) future. Looking at the Euro vs. the U.S. Dollar, EURUSD, 1.1247 seems like an important pivot. That level is the 76 percent retracement of the recent up move. If EURUSD gets above that level, it could be a sign of stability.… Read more

Market Analysis: Bitcoin (BTC) Rallies Back to $4,000, All Major Cryptocurrencies Well Into the Green, EOS up Over 15 Percent, Total Crypto Market Cap Gains $6 Billion

March 27, 2019  /  by Zachary Mashiach
Bitcoin (BTC) rallied from $3,910 to $3,980 yesterday evening and then rallied again this morning from $3,980 to as high as $4,037 on Bitstamp. These rallies appear to be short squeezes, which is when the price of Bitcoin (BTC) rapidly rises due to a layer of short orders being closed out. Since the morning, the… Read more

Bitcoin (BTC): The New Importance of $3,900

March 27, 2019  /  by Bill Noble
The recent bounce in Bitcoin (BTC) on BitMEX seems to be positive for the Elliott Wave structure that we have been patiently tracking. The most important point in the chart is at $3,900 in XBT (Figure 1). That level is the 62 percent retracement of the early morning up move in Bitcoin (BTC). If there… Read more

Market Analysis: Cryptocurrency Market Partially Recovers After Yesterday’s Losses, Cardano (ADA) Leading With 5.7 Percent Gain

March 26, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has recovered some of its losses after being rejected from the $4,000 resistance level and crashing to as low as $3,850 yesterday. Currently, Bitcoin (BTC) is trading near $3,915. There is apparent resistance just above Bitcoin’s (BTC) current price, suggesting the resistance level has moved down a bit from $4,000. That being said,… Read more

Using Bitcoin Cash (BCH) to Track Alt Season

March 26, 2019  /  by Bill Noble
Bitcoin Cash (BCH) seems to have two purposes. One, Bitcoin (BTC) enthusiasts love to hate it. Two, it provides trading opportunities. Its value is nebulous, and that, in turn, creates a lot of volatility in its price. Recently, we have been encouraged by the fact that Bitcoin Cash (BCH) made an impulsive move to the… Read more

Market Analysis: Bears Are Back in Town, Bitcoin (BTC) Drops Below $3,900, Total Crypto Market Cap Sheds $3 Billion

March 25, 2019  /  by Zachary Mashiach
After a week of optimistic trading in which Bitcoin (BTC) seemed to have been about to break through the $4,000 resistance level and perhaps challenge the long-term resistance at $4,200, the bears have come roaring back, and Bitcoin (BTC) has receded from $4,000. Bitcoin (BTC) dropped as low as $3,850 today and has since recovered… Read more
1 13 14 15 16 17 36