Cryptocurrencies / Page 29

Technical Analysis – BTCUSD holds in descending triangle in medium-term

Posted on September 18, 2018 at 2:37 pm GMT

BTCUSD has been trading within a descending triangle pattern over the last seven months, with a strong support obstacle being the 5780 barrier. Moreover, the price started an aggressive bearish structure after the pullback from the all-time high of 19384 reached in December 2017 That said, technical oscillators paint a somewhat neutral picture currently. In the short-term, the RSI indicator is sloping slightly to the upside near the neutral threshold of 50, while the MACD oscillator is flattening around its trigger and zero lines, indicating that the pattern may stay in [..]

Cryptocurrency News – A brave new world

Posted on June 18, 2018 at 1:08 pm GMT

“All money is a matter of belief” is a phrase attributed to Adam Smith, the father of modern economics. Whether Smith really said it or not, the meaning behind the quote remains as relevant as ever today, in an age where the very definition of money is rapidly evolving. The introduction of digital currencies in recent years has reignited the age-old debate of what constitutes money, and whether these cryptocurrencies are the future or simply another failed experiment. In terms [..]

Cryptocurrency News – Behind Bitcoin’s turbulent ride

Posted on January 29, 2018 at 3:39 pm GMT

It is safe to say that Bitcoin prices have had a rough month. After peaking near $19,600 on December 18, the cryptocurrency collapsed to find a bottom at $9,222, before rebounding somewhat in recent days, currently trading near the $11,100 mark. What caused the plunge, and what could drive prices moving forward? The slump in prices can be traced back to a few recent incidents that impacted the sentiment towards the entire cryptocurrency market. The initial catalyst, back in December, [..]

Cryptocurrency News – Bitcoin corrects lower after flirting with $20,000

Posted on December 20, 2017 at 12:50 pm GMT

Bitcoin (BTC) prices opened with a positive gap this week, breaking yet another fresh all time-high to touch the $19,666 level, before pulling back in the following hours. The surge came as the world’s biggest futures exchange, the Chicago Mercantile Exchange (CME), launched its own bitcoin futures contracts on Sunday. The CME is the second exchange to offer bitcoin futures, after the Cboe exchange debuted the very first BTC futures contract last week. It is worth noting that both the [..]

Cryptocurrency News – Technical Analysis – ETHUSD bullish bias continues after a red day

Posted on December 20, 2017 at 12:35 pm GMT

ETHUSD recorded a negative day following the reversal from the all-time high 859.19 level. The price plunged more than 12% in just one trading day and during the Asian session, the pair hit the 706.00 support barrier. Also, the price dropped below the 261.8% Fibonacci extension level of the last downward move with high at 514.07 and low at 383.70. However, the cryptocurrency started today with positive momentum and the expectation is a run above the previous all-time high, towards the 423.6% Fibonacci level, which stands near [..]

Technical Analysis – BTCUSD set for more gains as bulls take the lead

Posted on December 18, 2017 at 1:32 pm GMT

BTCUSD climbed to another all-time high during the Asian trade on Monday and hit the 19,383.50 level. The strong up-move happened after a break out of a narrow range of 15,038 – 17,496, shifting the bias to bullish. It is worth mentioning that bitcoin opened with a gap to the upside during today’s trading session but later pared some of the gains, creating a correction to the downside. Short-term trend signals on the 1-hour chart (50 and 100-period simple moving averages) are bullishly aligned as the 50-SMA posted a bullish crossover with the [..]

Cryptocurrency News – Are Ethereum futures on their way?

Posted on December 15, 2017 at 4:09 pm GMT

Ethereum (ETH) prices briefly topped the $753 territory on Thursday before retreating somewhat, marking yet another all-time high for the world’s second largest cryptocurrency by market capitalization. At the time of writing, ETH is trading near the $680 handle, which marks a 58% surge since Monday. What has been driving this astonishing rally, and is it likely to continue still? The latest spike in prices can be attributed to a variety of factors, but probably none more important than the [..]

Cryptocurrency News – Bitcoin surges after futures launch; continues to defy gravity

Posted on December 14, 2017 at 9:31 am GMT

Bitcoin prices briefly touched the $17,428 level on Tuesday, marking yet another fresh all-time high for the cryptocurrency, following the launch of the first bitcoin futures contract on the Chicago Board Options Exchange (CBOE) this week. The launch was widely seen as a major step towards making Bitcoin – and cryptocurrencies in general – more legitimate as an asset class. Moreover, the move comes just one week ahead of the CME Group launching its own Bitcoin futures, while rumors suggest [..]

Technical Analysis – BTCUSD has more room to rise; hit another all-time high in December

Posted on December 13, 2017 at 1:51 pm GMT

BTCUSD is extending its gains with an aggressive bullish move and is creating the third straight green month. The price has soared more than 173% since October and every single month is printing a new all-time high. On the medium-term timeframe, the bitcoin is currently trading lower and the technical indicators seem to be in confusion. The MACD oscillator is accelerating, confirming the recent sharp buying interest on price. However, the RSI indicator is slightly dropping in the overbought area, approaching the [..]

Technical Analysis – ETHUSD is strengthening its bullish momentum

Posted on December 13, 2017 at 1:49 pm GMT

ETHUSD is has been edging sharply higher since October and added 98% to its performance. Ether launched in 2015 and surged more than 8,000% since the start of 2017. During this month, the price recorded another all-time high at $687.41 but lost some momentum and is currently developing near the $687.00 price level, and especially over the last three trading days the price is accelerating aggressively. Using Fibonacci extension level, the next handle to have in mind is the 261.8% level, $725.72 resistance, of the last big retracement [..]

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