Bitcoin Futures Further Delayed, When Will Bakkt Be Able to Deliver?

January 3, 2019  /  by Angel Reyes
As 2019 welcomes many predictions on cryptocurrency markets, the buzz and anticipation around Bakkt Futures Contracts only grows in proportion. Backed by the Intercontinental Exchange (ICE), the parent firm of the New York Stock Exchange, Bakkt has been a topic of interest for months as release dates are increasingly delayed further, pending approval from the… Read more

Bitcoin (BTC) Technical Analysis: Bird on a Wire

January 2, 2019  /  by Bill Noble
Looking at Bitcoin (BTC), we see a host of factors hinting that a big up trade is brewing. Looking at Bitcoin (BTC) on Coinbase (Figure 1), Bitcoin (BTC) is bouncing off the 21-day moving average (blue line). In many markets, the 21-day moving average is sometimes a gauge of market momentum. If an instrument breaks… Read more

Logarithmic Bitcoin Price Chart Shows Similarity Between Previous Market Cycle and Current Market Conditions

January 2, 2019  /  by Zachary Mashiach
Bitcoin’s price increased by five orders of magnitude from 2012 through late 2017, where an order of magnitude is equivalent to a 10X (1,000 percent) price increase. This makes it difficult to look at the full history of Bitcoin with a linear chart since the rise of Bitcoin’s price from less than $1,000 to $20,000… Read more

Bitcoin (BTC): Charts that Point to $5,000 and $10,000

December 28, 2018  /  by Bill Noble
Over the past month, we have made a living using both horizontal support and resistance levels in conjunction with angle-based work from the Fibonacci and Gann style. The combination of this work has been very powerful, and we believe it will continue to remain so. As December nears its end, it seems remarkable to note… Read more

Technical Analysis: Ethereum (ETH) and Litecoin (LTC)

December 27, 2018  /  by Bill Noble
Ethereum (ETH) has broken above key resistance. This could be an indicator that the major bear market is over. A dip to $117 could be a good buying opportunity (Figure 1). Figure 1 Litecoin (LTC) is getting close to support at $27.75 (Figure 2). If the area around $29 can hold as support, the chart… Read more

Bitcoin (BTC): Head and Shoulders and Galaxy Digital (GLXY)

December 27, 2018  /  by Bill Noble
Looking at Bitcoin (BTC) on Bitmex (XBT), there are three levels to focus on heading into the expiration of CME futures on Dec. 28. Key support is at $3,550. That level is the 50 percent retracement of the recent up move. If that level does not hold, a move to $3,400 is possible (Figure 1).… Read more

An Analysis Of Bitcoin Market Reaction When CME Futures Contracts Expire

December 26, 2018  /  by Zachary Mashiach
The Federal Reserve says the Bitcoin Futures on the Chicago Mercantile Exchange (CME) are the reason the Bitcoin bear market began. Indeed, the Dec. 17, 2017 launch date of the CME Bitcoin futures coincided with the beginning of Bitcoin’s crash from $20,000 to as low as $3,100 in December 2018. This is perhaps due to… Read more

Bitcoin (BTC) Technical Analysis: A Silver Lining for Gold and Bitcoin (BTC)

December 26, 2018  /  by Bill Noble
Silver is breaking out by moving through the top of a massive base (Figure 1). This base has been forming since September. In a fast-moving commodity like Silver, three months is a long time to make a base. There is a reason why that is important. There is a saying in technical analysis: “The bigger… Read more

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

December 26, 2018  /  by Zachary Mashiach
Localbitcoins is the longest running and most popular peer to peer Bitcoin exchange in the world, with trading volume increasing from less than $100,000 per week in 2012 to over $50 million per week currently. On Localbitcoins, buyers and sellers complete deals directly with each other, using the full spectrum of fiat payment methods, ranging… Read more

Bitcoin (BTC): Tactical Technical Picture Brings Focus to $4,200 – $4,500 Zone

December 24, 2018  /  by Bill Noble
We are still waiting for a massive breakout in Bitcoin (BTC). Our view is that a head and shoulders bottom is morphing into something powerful. Instead of an H&S bottom with a downward sloping neckline, it is turning into a head and shoulders bottom with a rising neckline (Figure 1).
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