Bitcoin (BTC): Nasdaq 100 (QQQ), VIX, Overstock (OSTK) — The Litmus Test

February 14, 2019  /  by Bill Noble
Equities and other risk assets have reached levels where they are relevant to the future direction of Bitcoin (BTC) and crypto as a whole. Nasdaq 100 (QQQ) represents big U.S. technology stocks. QQQ has hit resistance at the 200-day moving average (Figure 1, black line). The fact that the 200-dma in QQQ is flat makes… Read more

Market Analysis: Total Crypto Market Cap Drops $1 Billion With Most Major Cryptocurrencies in the Red, Bitcoin (BTC) Continues to Slowly Decline Below $3,600

February 13, 2019  /  by Zachary Mashiach
Since the rally on Feb. 8, the trend for Bitcoin (BTC) has been a slow and steady decline from $3,630 to $3,570. At this point, the support level is probably around $3,500-$3,550, with resistance in the $3,600-$3,700 range. Bitcoin (BTC) has tried to move upwards through the resistance level multiple times but has been pushed… Read more

Bitcoin (BTC): Pinned

February 13, 2019  /  by Bill Noble
As we discussed yesterday, Bitcoin (BTC) has hurt people who focus on traditional chart patterns. In this case, we are referring to a triangle formation on a Bitcoin (BTC) intraday chart (Figure 1). Bitcoin (BTC) did both a false breakout above the triangle (hurting shorts) and then it did a false breakout below the triangle… Read more

Market Analysis: Wavy Day on the Crypto Market, Cryptos in the Red During the Morning, Green in the Afternoon, and Mixed This Evening

February 12, 2019  /  by Zachary Mashiach
Bitcoin (BTC) rose from $3,560 in the early morning to $3,620 just after noon and has now dropped to $3,580 for a slight gain on the day. It appears resistance is not much higher than the current price and lies within the $3,600 to $3,700 range. The current support level is around $3,500 to $3,550.… Read more

Bitcoin (BTC): Killer Whales, We Seeeee You

February 12, 2019  /  by Bill Noble
Over the last month, rallies have been met with selling. Anybody who entertained FOMO wound up getting hurt. This created a level of depression and despair in late January equal to what was seen at the bottom in December. Yesterday, we covered the big picture. Our conclusion was that the current environment was set for… Read more

Binance Coin (BNB) Rallies 118 Percent In 2 Months And Breaks Into Top 10 On CoinMarketCap As Binance DEX Launch Approaches

February 12, 2019  /  by Zachary Mashiach
Binance Coin (BNB) has become the first crypto exchange utility token to break into the top 10 on CoinMarketCap, following a 118 percent rally in 2 months. Binance Coin (BNB) now has a market cap of $1.31 billion, surpassing Bitcoin SV’s (BSV) market cap of $1.16 billion and Cardano’s (ADA) market cap of $1.07 billion.… Read more

Market Analysis: Mixed Day on the Crypto Market, Litecoin (LTC) Drops 7 Percent, Dash (DASH) Rallies 9 Percent

February 11, 2019  /  by Zachary Mashiach
Bitcoin (BTC) is relatively stable today and trading in a narrow range between $3,580 and $3,620. Overall, Bitcoin (BTC) has been on a slight downtrend since the rally on Feb. 8, which brought it up to a high of $3,700. The slight downtrend over the past few days indicates that buy support is slowly being… Read more

Ethereum (ETH), Litecoin (LTC): Hope IS a Tactic

February 11, 2019  /  by Bill Noble
As anybody in crypto knows, there are no easy trades. Looking at big coins, the rapid up move caught many off-guard. Now, those who missed out are left wondering if they should “pay up” for the likes of Ethereum (ETH) and Litecoin (LTC). The quandary in these coins is enhanced by the fact Ethereum (ETH)… Read more

Bitcoin (BTC): The Now or Never Approach

February 11, 2019  /  by Bill Noble
After Friday’s sudden rally in Bitcoin (BTC), there are two questions at hand. First, has anything really changed? Second, what should traders do next? First, let’s look at what has NOT changed. It would seem like the cycle of shorts getting stopped out on a spike and longs errantly chasing may be intact. The reason… Read more

Market Analysis: Litecoin (LTC) Rallies As Much As 30 Percent, Bitcoin Spikes as High as $3,700, Strong Rally for All Major Cryptocurrencies

February 8, 2019  /  by Zachary Mashiach
Today, the crypto space experienced the biggest rally of 2019. The rally was led by Litecoin (LTC) rising as much as 30 percent. By the time Litecoin (LTC) reached a 20 percent increase, other major cryptocurrencies began to have significant rallies as well. It appears this Litecoin (LTC) rally was caused by news that Litecoin… Read more