Launch of Bakkt Physical Bitcoin Futures Likely Delayed Further from Government Shutdown

December 23, 2018  /  by Zachary Mashiach
The crypto space has been greatly anticipating the launch of physical Bitcoin futures on Bakkt. However, the original launch date of Dec. 12, 2018, was scrubbed due to a lack of regulatory approval from the Commodities Futures Trading Commission (CFTC). This may have contributed to Bitcoin’s price meltdown from $6,500 to $3,100 since the physical… Read more

Will Silicon Valley Be Forced to Embrace Crypto?

December 23, 2018  /  by Bill Noble
Facebook’s stock (FB) has now wiped out almost all of the gains it made since the 2016 election (Figure 1). This down move is a reminder that Facebook is just an app. It’s a popular app, but when it’s not popular anymore, they are going to need a turnaround strategy. Figure 1 If you look… Read more

Bitcoin (BTC): Bitcoin (BTC) Technicals in Light of QQQ Carnage

December 22, 2018  /  by Bill Noble
It would seem that last week’s carnage in equity markets was sharp enough to impact all risky assets including Bitcoin. Nasdaq 100 (QQQ) is under the influence of a big head and shoulders top pattern. Tax loss selling in QQQ could accelerate, and everybody who bought tech stocks in 2018 would then be underwater (Figure… Read more

How Will the May 2020 Bitcoin Block Halving Impact the Market?

December 21, 2018  /  by Zachary Mashiach
Bitcoin is designed to have a maximum supply of 21 million Bitcoin, and this maximum supply is achieved by halving the block reward every 210,000 blocks, which is once every four years. Initially, the block reward was 50 Bitcoins, and since then, this has been halved twice, to 25 Bitcoins and currently 12.5 Bitcoins. According… Read more

The Coinbase Effect: Listing 0x (ZRX), Basic Attention Token (BAT), USD Coin (USDC), Civic (CVC), district0x (DNT), Loom Network (LOOM), Decentraland (MANA), DAI, Golem (GNT), Maker (MKR), and Zilliqa (ZIL)

December 21, 2018  /  by Zachary Mashiach
Coinbase is the largest cryptocurrency exchange headquartered in the United States. Until recently, Coinbase was quite conservative, with only Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ethereum Classic (ETC) listed. Each of these cryptocurrencies experienced major rallies due to their listing on Coinbase, and this became known as the Coinbase Effect. Now,… Read more

Fed Funds Rate Hiked to 2.5 percent; Stocks Crash; Bitcoin, Crypto Rally

December 21, 2018  /  by Zachary Mashiach
The Fed Funds Rate has been hiked from 2.25 percent to 2.5 percent as of Dec. 19. The Fed Funds Rate is one of the most closely watched economic parameters since it determines the interest rate on interbank loans. When the Fed Funds Rate is lowered, it makes cash more easily available and can help… Read more

Fear is Food: Bitcoin (BTC), Stellar (XLM), DASH

December 20, 2018  /  by Bill Noble
Bull markets need fear. In technical analysis, they say a rising market “climbs a wall of worry.” That implies the market can rise in the face of buyers who are too scared to jump in. In Bitcoin (BTC) and other coins, there is substantial evidence that buyers are afraid because short sellers and bears are… Read more

CME Bitcoin (BTC) Futures Squeeze: Shoe is on the Other Foot

December 20, 2018  /  by Bill Noble
At Crypto.IQ, we have written extensively on the negative impact of the CME Bitcoin (BTC) futures contract. Our work shows that open interest in this Bitcoin (BTC) futures contract is at an all time high. This likely means that there are massive shorts in the contract as miners and hedge funds have used this contract… Read more

Bitcoin (BTC) Macro Framework: The U.S. Dollar Has Topped, Buy Crypto

December 20, 2018  /  by Bill Noble
The U.S. Dollar has topped, and that is fueling the crypto rally. The dollar Index ETF (UUP) is turning lower after hitting a major resistance. There is a five wave top in place in the dollar and very negative stochastics divergences on the three-day chart. This divergence in stochastics implies that the Dollar could drop… Read more

Last Minute Holiday Gift Ideas: Give Ethereum (ETH), Litecoin (LTC), EOS, Bitcoin Cash (BCH)

December 20, 2018  /  by Bill Noble
Ethereum (ETH) has a chart with a really pleasant surprise: a confirmed double bottom. When support at $102 held, it confirmed that a double bottom is in place. Based on technical theory, ETH should travel the width of the previous range ($20) from the point of the breakout ($102). That gives you an upside price… Read more
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