Cryptocurrency Technical Analysis: Flags and Pennants

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Much like a stock, cryptocurrencies are driven by fear and greed. Therefore, frequent technical analysis of the markets is advisable And much like a stock, you need to be greedy when others are fearful, and fearful when others are greedy, as Warren Buffett would advise. But how to we know when that happens? One way … Continue reading “Cryptocurrency Technical Analysis: Flags and Pennants”

Cryptocurrency Technical Analysis: What is MACD?

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There are different market price momentum indicators.  One of the key ones is known as Moving Average Convergence Divergence — MACD. This indicator is widely used by day traders and analysts. The indicator makes use of the divergence between two EMAs to measure the strength of the fluctuation in the stock prices. What is Moving … Continue reading “Cryptocurrency Technical Analysis: What is MACD?”

Crypto Technical Analysis: The Importance of Stochastics and Relative Strength

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Any time fear gets out of control, pay close attention to technical analysis for direction on the next moves. They allow you to determine when its time to be greedy when others are fearful; and fearful when others are greedy. This is according to Warren Buffet’s advice. Technical Tool — Bollinger Bands (2,20) Experts typically … Continue reading “Crypto Technical Analysis: The Importance of Stochastics and Relative Strength”

Ravencoin (RVN) now in Top 100 Ahead of Mainnet Launch

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Ravencoin (RVN) investors have to be happy with a 30% run on the day. Just days ago, RVN traded at just $0.015.  It’s now up to $0.323, breaking above double top resistance.  Should the momentum continue, we could see a near-term test of a May 2018 high. As a result, it’s now in the Top … Continue reading “Ravencoin (RVN) now in Top 100 Ahead of Mainnet Launch”

Bitcoin Cash (BTC): Bitmain IPO News Sends BTC up 26%

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Bitcoin Cash (BTC) is up another 26% to $569.86 this morning. In fact, that move makes it the best performing coin in the global market. All thanks to news that Bitmain filed for an IPO on the Hong Kong Stock Exchange Bitmain Technologies Ltd., the world’s largest cryptocurrency mining company is pursuing an IPO in … Continue reading “Bitcoin Cash (BTC): Bitmain IPO News Sends BTC up 26%”

Ripple (XRP) is Breaking Out, could hit $5 by 2019

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On a six-month chart of Ripple (XRP), the coin just broke above its 50-day moving average. That now puts it above its downward sloping channel. If it can maintain this momentum, we could see a potential test of a July high just above 50 cents. Granted, it’s all a wait and see at this point. But … Continue reading “Ripple (XRP) is Breaking Out, could hit $5 by 2019”

Bitcoin (BTC) Has Now Bounced Here Every Time

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Try as they will, the bears cannot push Bitcoin (BTC) below $6,000. We’ve seen this happen quite a few times since October 2017. $6,000 is its line in the sand, as we’ve discussed Bitcoin caught support around that price line again this week, and is pivoting higher. In fact, it has now caught this same level … Continue reading “Bitcoin (BTC) Has Now Bounced Here Every Time”

Market Rebounds: These 3 Coins were Up More than 10% on the Day

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After a steep drop in recent days, we’re just beginning to see rebounds in cryptocurrencies. Three of the day’s best performers each returned more than 10%. Ethereum (ETH) Rebounds 13.5% Ethereum’s eye-popping rally took it from less than $10 to $1,400. But that’s where the party ended.  Since then, the coin plunged more than 85% … Continue reading “Market Rebounds: These 3 Coins were Up More than 10% on the Day”

Is Bitcoin Retracing its 2015 Bottom?

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Bitcoin prices haven’t exactly been exciting in 2018. Instead, they’ve been disappointing, falling from a January 2018 high of $15,572 to a current price of $6,452. But, there are important things to consider. Bitcoin Price Patterns At the moment, Bitcoin is following a pattern last observed before the bullish reversal from September 2015. When the bullish … Continue reading “Is Bitcoin Retracing its 2015 Bottom?”

Bitcoin: Market Remains Bearish Despite Recovery

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Bitcoin recovered from the 25-day lows over the weekend. However, this has not yet ended the bearish trends in the market, according to technical sources. Bitcoin Bearish Trends Continue BTC attained a price low of $6,119 on Bitfinex on Saturday, which was the lowest ever since August 14. This only served to bolster the bearish … Continue reading “Bitcoin: Market Remains Bearish Despite Recovery”