Market Analysis: Bitcoin Retreats after Surge to $3,670; Most Major Cryptocurrencies See Less Than One Percent Change

January 16, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has seen practically no change on the day, but the market today was not exactly flat. Bitcoin (BTC) crashed from $3,630 to $3,530 yesterday when news broke that the Ethereum (ETH) Constantinople fork was to be delayed due to a critical security bug. After that, Bitcoin (BTC) steadily rallied to a peak of… Read more

Bitcoin (BTC): Learning from the 2011 and 2014 Bottoms

January 16, 2019  /  by Bill Noble
The crypto Twitterverse is looking at how yesterday’s Bitcoin (BTC) decline brought Bitcoin to 80 percent below its all-time high. While the 80 percent number is a nice point of trivia, we believe we have better numbers to help find a tradeable bottom in Bitcoin (BTC).   Since the start of the avalanche lower in… Read more

Market Analysis: Major Cryptocurrencies In The Red after Cryptopia Hack and Ethereum (ETH) Constantinople Delay

January 15, 2019  /  by Zachary Mashiach
The crypto space has been plagued by bad news today. In the early morning, it was revealed that Cryptopia had been hacked and may be shut down long term. There are some allegations that this is an exit scam rather than a hack. Cryptopia had been used as the main exchange for numerous small-cap altcoins,… Read more

Bitcoin (BTC) Technicals:  Sink or Swim?

January 15, 2019  /  by Bill Noble
Bitcoin (BTC) charts on a two-day timeframe are showing signs that Bitcoin (BTC) is about to make a major move one way or the other. Fib circle analysis on the two-day chart show Bitcoin (BTC) approaching the edge of useful circle construct and the 21-period moving average. The pivot zone is between $3,630 and $3,710… Read more

Tron (TRX), Ethereum (ETH) Litecoin (LTC): Support and Resistance

January 15, 2019  /  by Bill Noble
Looking at a three-day chart of Tron (TRX), we see strong technical resistance in TRXBTC at 700 satoshis. That is the level of the top Bollinger Band and an interesting horizontal level that dates back to April and June. 757 satoshis is a resistance level above that (Figure 1). Figure 1 Tron (TRX) is going… Read more

Market Analysis: All Major Cryptocurrencies Up 4-10 Percent, Tron (TRX) Rallies 15 Percent

January 14, 2019  /  by Zachary Mashiach
The crypto market has been like a rollercoaster the past couple of days. Yesterday, Bitcoin (BTC) plunged from $3,620 to $3,500 in less than 30 minutes, and today, Bitcoin rallied from $3,530 to $3,670 in about an hour. Afterward, the price of Bitcoin slowly increased to $3,700 but has now dropped a bit and is… Read more

Bitcoin (BTC): The Road Map into Chinese New Year

January 14, 2019  /  by Bill Noble
Looking at Bitcoin (BTC) on BitMEX, we see that XBTUSD is near resistance near $3,700 (Figure 1). Bitcoin (BTC) would have to be above that point in order to get constructive.  $3,700 is the location of a diagonal lines that have acted as both resistance and trigger points for big down moves. Figure 1 Assuming… Read more

USD Coin (USDC) Rapidly Growing; May Overtake Tether (USDT) to Become Top Stablecoin

January 14, 2019  /  by Zachary Mashiach
The circulating supply of USD Coin (USDC) has risen $70 million in the past week alone, with consistent day over day gains of millions of dollars. As of this writing, there are 361.1 million USD Coin (USDC) in circulation. This is still only a fraction of the 1.928 billion Tether (USDT) in circulation, but it… Read more

Market Analysis: Top Cryptos Falling before Constantinople Hard Fork — Bitcoin (BTC) Drops to $3,500, TRON (TRX) Dumping, Ripple (XRP) Lead Over Ethereum (ETH) Grows

January 13, 2019  /  by Zachary Mashiach
The price of Bitcoin (BTC) was in a narrow trading range near $3,600 since the crash on Jan. 10, but this morning, Bitcoin (BTC) quickly declined to $3,500. Bitcoin (BTC) remains well below the critical $3,900 level where CME Bitcoin futures traders likely took out short positions. $3,900 continues to be the level to watch.… Read more

Technical Analysis: Bitcoin (BTC), Ethereum (ETH), Polymath (POLY) — All Stop, Quit Quiet

January 11, 2019  /  by Bill Noble
Believe it or not, there is a lot to say about today’s non-event price action. As of this writing,  at 5:30 p.m. EST, the extremely tight range may be an important signal unto itself. Beginning in November, if there was a really small candlestick after a big move up or a big down move, that… Read more
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