Category: Bitcoin
The analysis published under this category are as follows.
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.
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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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Sunday, October 14, 2018
Bitcoin Breakdown May Push Prices Below $5000 / Currencies / Bitcoin
By: Chris_Vermeulen
Recent market turmoil across the global stock markets has refocused investors on the concerns of global economics, trade, and geopolitical issues – away from cryptocurrencies. The biggest, Bitcoin, has been under extended pricing pressure recently and our research team believes Bitcoin will breach the $6000 level to the downside fairly quickly as extended global market downtrends continue.
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Wednesday, October 03, 2018
Bitcoin Time for More Action? / Currencies / Bitcoin
By: Mike_McAra
Bitcoin has been moving up for some time now. The path to higher values has been a rocky one and Bitcoin bulls might be getting some encouragement. Whether this translates to a bullish outlook is another question entirely.
Not all governments are hostile to Bitcoin. Actually, a lot of governments are simply not sure what Bitcoin is and how to approach it. The government of Malta stands out as an example of how officials might actually try to understand the currency and regulate it. In an article on CoinDesk, we read:
Now, in an address to the United Nation's General Assembly, Malta Prime Minister Joseph Muscat has said he sees blockchain technology as the tool which will allow bitcoin and crypto to "inevitably" gain widespread, mass adoption and become the future of money.
Thursday, September 20, 2018
Can Bitcoin's True Value Be Zero? / Currencies / Bitcoin
By: Avi_Gilburt
The perspective that most have about Bitcoin ranges from complete lack of knowledge to utter certainty that it will change the world. Moreover, there are really no true “fundamentals” with which analysts are able to even attempt to value it based upon traditional methods. But, that certainly has not stopped everyone and their mother from providing their opinion based upon their “feelings.”
Yes, most of what you see presented on the valuation of Bitcoin is nothing more than the analysts’ “feelings.” In fact, I read an article a few days ago which provided the perfect example of this phenomena seen in the crypto-currency market. In a recent article, Geoffrey Caveney provided us his “feelings” about Bitcoin:
Friday, September 14, 2018
Bitcoin Price Is About To Bottom / Currencies / Bitcoin
By: Avi_Gilburt
The painful nine month bear market that began when Bitcoin topped in the mid $19,000’s is now the second longest bear market in crypto history; second in rank to one that began after the Mt. Gox sent Bitcoin down nearly 90% in 18 long months.
As is typical in a bear market, the investing public passes blame. Those trapped in the ensuing downtrend look for reasons they are losing money, as if the market owes them something. For cryptos, the opening of CME Bitcoin futures trading, which began trading shortly before the top, is the chief target. I’ve heard that it said that paper futures always ruin markets. Other targets of blame include regulation in the states and abroad, and the plethora of ‘crap’ coins on the market. The general and age old cry that the markets are manipulated also abound.
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Wednesday, September 12, 2018
How Bitcoin Will Make You Big Money Again / Currencies / Bitcoin
By: Chris_Vermeulen
If you are a Bitcoin fan or looking for the next opportunity for a Bitcoin rally, you may not have long to wait before a price breakout takes place. Our research team, at www.TheTechnicalTraders.com, believes a price breakout may occur before the end of 2018 – the only question is will it be a breakout rally or a breakdown crash before the next mega rally?
Cryptos and, in particular, Bitcoin has increased in popularity and adoption over the past 24 months across the globe. Recently, Citigroup has announced new technology making Crypto transactions more secure and reducing the risk of such transactions. Additionally, Circle recently announced a US Dollar based Crypto-currency that is backed by Goldman-Sachs. News from Europe is that the EU has been urged to adopt common Crypto-Currency rules that will fuel more attention and enterprise on developing suitable Crypto solutions for the European markets.
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Wednesday, September 12, 2018
Bitcoin Trading - SEC Strikes Again / Currencies / Bitcoin
By: Mike_McAra
Bitcoin has moved up a bit since the very recent decline. The SEC has just suspended two Bitcoin vehicles. The volume is pretty thin. Is a new rally budding? Or do these events point to a precipitous decline?
The memory of the SEC turning down prospective Bitcoin ETFs is still fresh in memory and now the agency has made the headlines again as it halted two Bitcoin trading vehicles in the U.S. In an article on CoinDesk, we read:
Announced on Sunday, the U.S. Securities and Exchange Commission (SEC) has issued an order seeking to suspend the trading of the Bitcoin Tracker One and Ether Tracker One exchange-traded notes, issued by XBT Provider AB, a Swedish-based subsidiary of the U.K. firm CoinShares Holdings.
Tuesday, September 04, 2018
All you Need to Know About the Bitcoin Market / Currencies / Bitcoin
By: Dylan_Moran
If you’re one of those people wondering what bitcoin is all about, then you’ve come to the right place. Today we’ll be looking at more information about bitcoin, including the overall bitcoin market. Here’s all you need to know about the bitcoin market.
What is Bitcoin?
Bitcoin is a kind of digital currency, also known as a cryptocurrency. That means that there are no physical bitcoins out there. It is created, handled, and transferred electronically. It is also decentralized, meaning that no one controls or supervises how it is used.
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Saturday, September 01, 2018
A Close Look at the Bitcoin Bubble / Currencies / Bitcoin
By: Harry_Dent
Afew weeks ago on CNBC, an analyst compared the bitcoin bubble to the early internet bubble.What?!
We’ve been saying that since late December 2017, when bitcoin was just starting to crash.
And oh, did it crash.
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Thursday, August 30, 2018
What's So "Cryptic" About Trading Cryptocurrencies? / Currencies / Bitcoin
By: EWI
Lots and lots. Trading is not easy, period. But a few things can help.
Here's a cool parlor trick: If you want to bring a loud, rowdy room to a screeching silence, ask if anyone can explain how cryptocurrencies work.
Cue crickets chirping.
Turns out, the "crypto" part of the name originally signified the encrypted nature of digital assets and their anonymous owners. But it's proven foretelling, as cryptocurrencies have become synonymous with a cryptic impenetrability the likes of which no modern mainstream financial market -- especially not one so fervently embraced -- has known.
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Sunday, August 19, 2018
Bitcoin: Landing Gear Engaged. Bottom Is Still a Process / Currencies / Bitcoin
By: Ryan_Wilday
If you have tracked me at all since January, I had stated that if bitcoin (BTC-USD) is in a wave iv of the degree that I believed, support for this corrective wave, that started in January is in the $3000-$4700 zone. $4700 is an ideal landing spot for this wave iv as it is the .382 retrace of the third wave that began in July 2016.
Further, if you tracked my writing, I saw many setups that can bring us to that level, and likewise many bullish setups that could have taken us out of this long correction prematurely. All failed.
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Thursday, August 09, 2018
Serious Bitcoin Price Decline / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is depreciating. This might be just the turnaround you have been waiting for. But is there really enough weight behind the short-term action to pummel Bitcoin lower?
A startup backed by Starbucks, Microsoft and a couple of other companies is said to potentially pave the way for the Bitcoin ETF. In an article on CNN, we read:
Starbucks going all-in on cryptocurrency is "the biggest news of the year for bitcoin" — because it paves the way for a bitcoin ETF, according to BK Capital Management founder Brian Kelly.
Thursday, July 19, 2018
Bitcoin Price Rallies to Upper Channel – What Next? / Currencies / Bitcoin
By: Chris_Vermeulen
Even we were concerned with Bitcoin briefly traded below $6k in late June. Yet, the recent upside price move was incredibly quick and the price of Bitcoin ran right up to our upper price channel. We believe this will become a new price peak over the next few days/weeks where the price of Bitcoin should continue to drop from these levels near $7500. We know there are many Bitcoin investors that want to hear us state that it should continue to push higher, but there are other factors at play here that may limit this movement.
The price channels that are currently constraining the price of Bitcoin originate back in February and March of 2018. The low and high price rotation within these months start the points of interest for our research team. From these points, we have continued to identify key price levels that appear to contain breakouts.
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Tuesday, July 17, 2018
Bitcoin Holders Are Today Learning Something Goldbugs Already Know / Currencies / Bitcoin
By: MoneyMetals
Precious metals investors have learned a difficult truth in recent years. The best way to control a market is to put Wall Street in charge of it.
Gold and silver futures were created in the 1970s with the admitted purpose of “increasing volatility” in the markets and discouraging the ownership of physical bullion. It is a lesson that participants in other markets would do well to learn – specifically the Bitcoin and cryptocurrency markets.
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Tuesday, July 17, 2018
Bitcoin Price Analysis – Bullish Golden Cross on the Hourly? / Currencies / Bitcoin
By: Submissions
John Lee Quigley writes: $6400 was acting as a significant resistance level for Bitcoin’s price, however, over the last hour, the price has managed to break to the upside and is currently trading above the $6500 level. The move up over the last hour was on significant volume showing there is some weight behind the move which contrasts heavily with last weeks price action when many were speculating a return to sub-$6000 levels.
Friday, July 13, 2018
Bitcoin Picture Less Than Pretty / Currencies / Bitcoin
By: Mike_McAra
The move up seemed to be continuing and the first impression was that we were seeing a first period of appreciation in some time. But the operative word here is “seemed.” If we take a closer look at what the current environment really is, the picture is far less pretty.
Bitcoin has been around for close to a decade now. Yet we haven’t seen much in the way of research on the Bitcoin network and the principles governing it. Sure, there have been studies analyzing the system from an economic point of view, but their number has been low relative to other topics covered by economic research. In other words, Bitcoin hasn’t been researched that much by people from academia. Against such a backdrop, it is interesting to see new papers taking on the problem of incentives in the Bitcoin network. In an article on the MIT Technology Review website, we read:
Wednesday, July 11, 2018
The Value of Bitcoin / Currencies / Bitcoin
By: Submissions
In a world that is looking for alternative forms of currency due to heavy regulations and red tape installed in the current transaction systems of the economy, cryptocurrency is presented as a formidable option to traditional forms of currency. Cryptocurrency began as a craze for digital currency that is unbound by many laws and regulations. With cryptocurrency, few questions are asked when making or receiving payments which makes it very attractive.Read full article... Read full article...