Big Coin Technicals and Today’s Rally: A Market Cap Normalization — Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Total Market Cap

February 8, 2019  /  by Bill Noble
Naturally, the big question is what created today’s rally. It could be that depression had reached such a point that a rally was inevitable. Today could also mark a turning point. People may have rediscovered that crypto does, in fact, have a value proposition. Said differently, perhaps people have regained their perspective. It could also… Read more

Bitcoin (BTC): Escaping the Black Hole

February 8, 2019  /  by Bill Noble
There’s a saying in markets. Bear markets don’t let the bulls out or the bears in. Said differently, bear markets, by their nature, mean that virtually everyone loses money. Never has this been more the case in Bitcoin (BTC) so far this year. Bitcoin (BTC) has hurt everybody using classic chart patterns. If people would… Read more

Market Analysis: Major Cryptocurrencies Mixed Today, But Bitcoin (BTC) and Ethereum (ETH) Don’t Budge

February 7, 2019  /  by Zachary Mashiach
Most major cryptocurrencies are rebounding from yesterday’s losses and are in the green today. Ripple (XRP) is up 0.5 percent, EOS is up 0.2 percent, Litecoin (LTC) is up one percent, Tron (TRX) is up 0.2 percent, Stellar (XLM) is up 1.4 percent, Monero (XMR) is up 1.5 percent, IOTA (MIOTA) is up 3.6 percent,… Read more

Crypto Broker Voyager Goes Public, Will be Traded on the Toronto Stock Exchange

February 7, 2019  /  by Steven Lubka
The cryptocurrency brokerage Voyager that was founded and run by Uber and E*Trade alums announced today that it is going public next week on the TSX.V, the venture component of the Toronto Stock Exchange. The deal was the result of a reverse merger with UC Resources Ltd., a mineral exploration company shuttered in 2015. It’s… Read more

Bitcoin (BTC), Ethereum (ETH), dApps: Have We Lost Perspective?

February 7, 2019  /  by Bill Noble
It’s time to get out of the weeds. For example, it is easy to spend time trying to figure out if Ethereum (ETH) is a buy on the pullback at $105. Or maybe the new moon pattern works, and it triggers one final avalanche lower. That could put the bottom below $80 (Figure 1). Figure… Read more

Market Analysis: All Major Cryptocurrencies Drop Well Into the Red Today, Crypto Space Inching Closer To Retesting Bear Market Lows

February 6, 2019  /  by Zachary Mashiach
Last night, Bitcoin (BTC) fell from $3,420 to $3,355, breaking the $3,400 support level which had been in place for the past week. Today, Bitcoin (BTC) has been trading between $3,330 and $3,390. Based on today’s data, it seems like there is now resistance at $3,400. And there is another resistance level at $3,500-$3,600, which… Read more

Ethereum (ETH) and Ripple (XRP): Charting Both vs. Bitcoin (BTC)

February 6, 2019  /  by Bill Noble
At the time this report was written on Feb 6, Ethereum’s (ETH) market cap was roughly $1 billion below the market cap of Ripple (XRP). Source: Coinmarketcap.com. This seemed curious with the recent report hypothesizing that Ripple’s market cap may be overstated by $6 billion. Is Ethereum really that bad? We decided to move outside… Read more

Bitcoin (BTC): New Moon Implications

February 6, 2019  /  by Bill Noble
Astrology has been long used in technical analysis disciplines like Gann and Elliott Wave. The simple premise is that moon movements can affect human behavior. It may not sound plausible but just ask any police officer or EMT about what happens the night of a full moon. In this case, we noticed that the new… Read more

Market Analysis: Bitcoin (BTC) Steady Near $3,420, Most Major Cryptocurrencies in the Red Today

February 5, 2019  /  by Zachary Mashiach
As has been the trend over the last few days, Bitcoin (BTC) is stuck in a narrow trading range, and a slight cryptocurrency rally one day is followed by an equal price drop the next. Today, major cryptocurrencies are, for the most part, in the red with Ethereum (ETH) down one percent, EOS down 0.5… Read more

Bitcoin (BTC): The Sovereign Wealth Fund Wild Card

February 5, 2019  /  by Bill Noble
Good financial market research is like cooking in some ways. The main ingredient for good research, as is often the case with good food, is imagination. With Bitcoin (BTC) mired in another phase of no price action, it is easy to fear a repeat of November. Miners are bringing new hardware on line and may… Read more