Category: Bitcoin
The analysis published under this category are as follows.
Friday, May 10, 2019
Bitcoin Bull Market Is Back / Currencies / Bitcoin
By: Avi_Gilburt
I am hoping that the title to this article will mark the local top to the rally off the December 2018 lows in Bitcoin. (smile) But, that does not change our perspective that it is likely that Bitcoin has resumed its bull market run.
As we came into 2019, Ryan Wilday and I have been publishing articles about Bitcoin, with our ideal targets for the initial rally off its December 2018 lows pointing to the $6000-7000 region before a top forms. And, as we now find ourselves in our target region, we now can count the minimum number of waves in Bitcoin to mark a near term top. Therefore, as I write this article while Bitcoin is hovering around $6,050, we are still looking a bit higher in the near term, but with more caution than prior articles.
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Thursday, May 09, 2019
Bitcoin Setting Up For Another Drop / Currencies / Bitcoin
By: Chris_Vermeulen
Last year just days before the big Bitcoin breakdown we notified everyone publicly to get ready for a swift drop from $6000 to $4000 which played out perfectly within a few days. Our cycle system and technical analysis skills combined can pack a powerful punch and this one of those incredible moves where the stars aligned for us as traders.
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Tuesday, April 09, 2019
What Does Bitcoin’s Surge Reveal? / Currencies / Bitcoin
By: Rodney_Johnson
If you went to the store two days in a row and all the prices had gone down by 20% on the second day, would you wonder what was going on?What if prices jumped 10% one day, then fell 7% the next?
What if, over the course of a year, prices skyrocketed by 400%?
This is what the world is like for those who view Bitcoin as currency.
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Thursday, March 07, 2019
Brexit Does Not Stop Bitcoin’s Growth in the UK / Currencies / Bitcoin
By: Submissions
The only thing that is certain in the UK right now is uncertainty, and this is causing fluctuations in the stock markets, as the British public awaits the ‘deal or no deal’ Brexit outcome with bated breath.
Despite the tumultuous and unprecedented period of change we are in, the value of cryptocurrency has not stopped growing. From Bitcoin to Ethereum and countless other cryptocurrencies that are now available (well over 1,000, and new ones being created all the time) the cryptocurrency market continues to grow, comparatively unhindered by current ructions in the Eurozone.
While many businesses keep their powder dry and await the Brexit outcome, cryptocurrency and blockchain start-ups achieved record breaking growth in 2018. The UK is currently dominating growth in tech start-ups across Europe, with £2.29 billion in total venture capital, exceeding that of Germany, which had £1.38 billion, and France, which had £1.03 billion.
Tuesday, February 26, 2019
The Coming Bitcoin Ambush / Currencies / Bitcoin
By: readtheticker
If you are accurate drawing your trading channels you will see this ambush setup on bitcoin.
All charts of bitcoin are in USD terms.
The big boys (and some late to the party) want to accumulate hard to get coins, therefore the only way they can do this is scare them out of the weak hand wallets. Those who brought above $1000 on the way up to $20000. Of course (and lets hope for the bulls) the big boys do not want to break the chart completely and force a panic sell off beyond critical levels of massive support (say BTC $1000 USD).
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Saturday, February 16, 2019
Bitcoin Your Best Opportunity Outside of Stocks / Currencies / Bitcoin
By: Harry_Dent
I just gave my second keynote for a major, top-secret crypto conference. It was SO secret, the organizer didn’t disclose the location on the website and only let us know where to travel to at the last minute.These techno visionaries want a bottoms-up world like me, but with total transparency and total privacy! And that’s what Blockchain technologies are all about. In fact, I see that as the next revolution to follow the internet.
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Monday, February 04, 2019
Bitcoin Price Analysis and Trend Forecast 2019 / Currencies / Bitcoin
By: Nadeem_Walayat
2018 was the year the bitcoin crypto bubble burst that witnessed the bitcoin price first collapse to a floor of $6000, from which each attempted bounce failed to generate any follow through, and the longer the failure for a breakout higher continued then the greater the probability that the price would eventually break lower, below the $6000 floor. Which is what transpired during November that saw Bitcoin plunge to a new low of $3,100 by Mid December, a far cry from the fantasy of first revisiting $20k and then $50k that a naive 'manipulated' Bitcoin community had pinned their hopes and dreams on whilst immersed in an endless feedback loop of perma bull bitcoin pump mania commentary, that was the mainstay of the internet during 2018, whilst the manipulators were dumping their holdings onto the naive players. Just like what the pump and dumpers have been doing with penny stocks for over 100 years!
Monday, January 21, 2019
Bitcoin is entering the Dead Zone / Currencies / Bitcoin
By: readtheticker
Bitcoin and the technology boom of 1990's have so much in common, you would think they are twins!
Previous Post: Bitcoin is so like 1979 silver
The chart below shows how similar each story is.
Mr Market knows this, therefore the desire to enter this market is low, and lower prices will plaque Bitcoin for the next 18 months at least. The supply of coins into this market will continue, and prices will continue to fall, there may be bear market rallies along the way, and the good news is the patient (yip that word) long term investors will have the chance to accumulate coins at pre 2017 bubble launch zones (massive support zones).
Tuesday, January 15, 2019
Bitcoin Price Wavers / Currencies / Bitcoin
By: Mike_McAra
If Bitcoin bulls got excited about the recent move up, Thursday’s action extinguished some of this excitement. But it doesn’t come as a surprise to our readers. This one day of strong depreciation can be seen as an indication of things to come. But are these things bearish?
Bitcoin remains on the fringe of the financial system. The Bank of International Settlements (BIS) has recently issued a warning on Bitcoin. In an article on the Forbes website, we read:
In another blow to bitcoin and cryptocurrencies, BIS warned investors and traders that they could lose money on privately minted cryptocurrencies like bitcoin.
Friday, January 04, 2019
Bitcoin: Another Bullish Attempt / Currencies / Bitcoin
By: Ryan_Wilday
Some time has passed since I wrote a more lengthy article, but not nearly as long a time as this gruelling bear market in cryptos - now 12 months long, and counting. So, in this article I’d like to rewind the clock a bit.
When we first saw our bull market top in cryptos, I did not fully expect a long bear market such as we’ve seen. While the March breakdown confirmed in my mind that the $3000 to $4700 zone would be visited again, I did not think it would take this long.
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Monday, December 31, 2018
The Bitcoin BTC Collapse of 2018, Trend Outlook 2019 / Currencies / Bitcoin
By: Nadeem_Walayat
2018 was the year the bitcoin crypto bubble burst that witnessed the bitcoin price first collapse to a floor of $6000, from which each attempted bounce failed to generate any follow through, and the longer the failure for a breakout higher continued then the greater the probability that the price would eventually break lower, below the $6000 floor. Which is what transpired during November that saw Bitcoin plunge to a new low of $3,100 by Mid December, a far cry from the fantasy of first revisiting $20k and then $50k that a naive 'manipulated' Bitcoin community had pinned their hopes and dreams on whilst immersed in an endless feedback loop of perma bull bitcoin pump mania commentary, that was the mainstay of the internet during 2018, whilst the manipulators were dumping their holdings onto the naive players. Just like what the pump and dumpers have been doing with penny stocks for over 100 years!
Monday, December 31, 2018
Crypto Fund / Currencies / Bitcoin
By: Sumeet_Manhas
....
Thursday, December 20, 2018
Are Cryptocurrencies The Future of Online Casinos? / Currencies / Bitcoin
By: Submissions
Online casinos and cryptocurrencies have always been well-suited but with new and innovative ideas, cryptocurrencies may revolutionise the way we play further.
Cryptocurrencies and Casino – A Match Made in Cyber Heaven
If you were watching the news late in 2017, then you would have been made fully aware of the Bitcoin Boom. This was when Bitcoin, a previously illegal cryptocurrency (a currency used exclusively online), soared in value in a very short space of time and reached a massive $17,000 in value for each Bitcoin. While the exact reasons for this are unclear, the common consensus is that people were beginning to understand the perks cryptocurrencies. However, long before this, online casinos had already seen this potential and had already incorporated cryptocurrencies into their service.
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Saturday, December 15, 2018
Bitcoin Important Levels Ahead / Currencies / Bitcoin
By: Mike_McAra
These are strange times. Bitcoin is a long way from its all-time high, the market situation resembles the dotcom bubble on steroids and yet there’s not that much information on Bitcoin and we are yet to see the sort of panic that accompanies major crashes. Yet, the sentiment is shifting.
As Bitcoin has been going down for a year now, the sentiment surrounding the currency is shifting, as evidenced by the fact that the media has picked up on the depreciation in the Bitcoin market. Some analysts go even further than that. In an article on the MarketWatch website, we read:
Stephen Innes, head of Asia Pacific trading at Oanda, is arguing that the bitcoin bear market is far from over because the No. 1 digital currency has yet provide a significant use case. “Bitcoins have gone well beyond the ridiculousness of tulip bulb mania,” he said on Monday.
Thursday, November 29, 2018
How the Bitcoin Bubble Burst Could Lead to a New Golden Era / Currencies / Bitcoin
By: MoneyMetals
One of the greatest asset bubbles of all time appears to have just burst.
It’s not the stock market. Despite recent downside volatility amidst bubble-like valuations, so far stocks have merely entered a correction.
Cryptocurrencies, on the other hand, have entered into a full-blown meltdown. Bitcoin will go down in history for its extraordinary rise from zero to a high of $19,783 on December 17, 2017. Its subsequent fall may be one for the history books as well.
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Monday, November 26, 2018
Bitcoin Crashes Over 50% From Recent Highs / Currencies / Bitcoin
By: Chris_Vermeulen
Crypto enthusiasts were crushed over the Thanksgiving holiday when a fight over Bitcoin Cash and very thin liquidity prompted a massive price breakdown from recent highs. This downside move reflects a true price breakdown where Bitcoin bulls have to rethink their future strategies.
Back in October 2018, we warned that price MUST rally above the support level near $6986 in order for any future upside advance to take hold. The following week, we saw a massive price rally that lasted only a few hours and trailed off back below the $6986 support level. While we waited to see if any future price move would prompt a rally above this level, the Bitcoin price levels continued to congest.
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Monday, November 12, 2018
One Direction More Likely for Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
The recent period of sideways trading may make traders impatient or even discouraged altogether. At any rate, those who crave more action in Bitcoin could be driven out of the market. But this is no time to bet on Bitcoin staying docile.
If the recent months haven’t exactly been rosy for Bitcoin traders, there are avenues which might offer more optimistic news. Unlikely avenues, perhaps. A report by Morgan Stanley suggests that Bitcoin might have become an asset class for institutional investors. In an article on CoinDesk, we read:
Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant – according to a new report by Morgan Stanley.
Saturday, October 27, 2018
In Search of a Bearish Bitcoin Trigger / Currencies / Bitcoin
By: Mike_McAra
A large asset manager has decided to offer Bitcoin trading to its institutional investors. Bitcoin shot up around the announcement but reversed course and erased most of the move up. The currency has stayed subdued since. This could mean that the market is getting boring. It could also mean that investors and traders are taking a breather before a more decisive move.
Traditional asset managers are not necessarily averse to Bitcoin. It turns out that Fidelity Investments, one of the largest asset managers in the world, is interested in providing hedge funds with access to the Bitcoin market. In an article on the Wall Street Journal website, we read:
Fidelity Investments said it will store and trade bitcoin for hedge funds and other professional investors, becoming one of the first Wall Street giants to step into this volatile corner of the financial world.
(…)
Friday, October 19, 2018
Bitcoin Trend Analysis 2018 / Currencies / Bitcoin
By: Nadeem_Walayat
Here's my latest update on the prospects for the Bitcoin price for the remainder of 2018 and beyond.
But firstly a recap of my forecast for 2018 which I published when the crypto was trading at USD 14,000, warning that the Bitcoin price was likely to continue crashing lower towards $5,000, a forecast that at the time was met with much denial from the bitcoin community that appeared to have pinned their hopes on the crypto revisiting $20k.
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Thursday, October 18, 2018
Bitcoin Technical Analysis / Currencies / Bitcoin
By: Austin_Galt
Pattern – the downtrend since the spike high looks to have slowed to crawl and I believe it can continue to drift lower.
Fibonacci – price has been making its way through the angles which is some consolation for the bulls. After trading a bit further down I believe price can rally and eventually crack above the 88.6% angle which may provide some temporary resistance.
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