Ether’s ETH/USD and ETH/BTC pairings are providing excellent intraday and swing trading opportunities despite Bitcoin’s consolidation and short-term bearish bias. Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action. Last week’s move from $7,800 to $8,850 will have further entranced […]
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Most major cryptocurrencies are in a consolidation, which will soon result in a large directional move. How should traders be placed in order to benefit from it? A draft report by the G7 group of nations outlined the risks associated with “global stablecoins.” The report said: “No stablecoin project should begin operation until the legal, […]
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On-chain data and Bitcoin’s on-balance volume indicator (OBV) suggest retail and institutional investors are quietly accumulating more BTC. Bitcoin (BTC) finished a volatile week at $8,282 which is a 5% increase for the week but still 6% away from the highs of over $8,800. This morning, Bitcoin took another knock at opening, trading slightly lower alongside […]
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A few of the top 5 performers are showing promise and are likely to start an uptrend. Which are those? Let’s study the charts. The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset […]
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As Bitcoin price is stuck in a range with tightening Bollinger Bands suggesting a big move is coming, XRP and Ether look to capitalize on their recent bullish momentum. Bitcoin price (BTC) bulls looked as if they were taking charge last week as BTC/USD rose by over $1,000, albeit momentarily. Bitcoin rallied throughout the week […]
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In the third installment of the Bitcoin Price Diary, veteran trader Scott Melker revisits some recent successful trades including a sizable position on REN/BTC. In this third installment of my Bitcoin Price Diary, I’ll revisit some open positions which are still in play and review a sizable trade on REN. I also have a position […]
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Bitcoin rallied past $8,800 before a strong rejection drove BTC price back below the 200-day moving average. Bulls need to step in and restore momentum or a break below $8,000 is possible. Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further […]
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Does the pullback in Bitcoin price and most major altcoins indicate that lower levels are likely? Let’s study the charts. The wait for a Bitcoin (BTC) exchange-traded fund got a bit longer as the United States Securities and Exchange Commission (SEC) shot down the proposal by Bitwise Asset Management and NYSE Arca. The regulators felt […]
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An attempt to break sideways trading pattern failed to gain momentum, taking Bitcoin price 2% lower and disappointing traders. Bitcoin price (BTC) traded broadly lower on Oct. 11 after sudden volatility broke a sideways trend in place since earlier in the week. Cryptocurrency market daily overview. Source: Coin360 Bitcoin analyst prepares for range-bound trading Data […]
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As the deadline for the so-called travel rule looms, crypto exchanges and issuers are responding to the pressure. Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how […]
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