Bitcoin may have surged bombastically heading into 2020 but one analyst thinks the cryptocurrency is going to fall back.Options trader Dyme said bitcoin is entering a “perfect bearish setup,” listing three converging negative indicators that hint a deep price retracement in the coming trading sessions. They are Rising Wedge, Bearish Divergence, and Overleveraged Longs.“Everything about…
Bitcoin has been on an absolute tear over the past few days. Since bottoming at $9,100 early this week, the cryptocurrency has ripped higher, surging from $9,100 to a recent high of $9,850 as buyers have stepped in en-masse.While this over 7% surge is already impressive in and of itself, data suggests that crypto traders…
If you’ve been involved in Bitcoin or crypto investment at all over the past two years, you likely know of the TD Sequential. The technical indicator, created by Point 72 consultant Tom Demark, has long been a staple of trading suites of crypto investors, giving these individuals a way through which they can figure where…
Bitcoin’s recent bullishness has come to a grinding halt when BTC faced multiple firm rejections earlier today after attempting to break above the strong resistance that exists between $9,800 and $10,000.This intense resistance, however, has not yet catalyzed any notable sell-off, which seems to elucidate some underlying strength amongst the crypto’s buyers, and may suggest…
In case you missed it, the supply of new Bitcoin hitting the market will drop this year. The event, known as the Bitcoin halving, will see the number of Bitcoin rewarded to miners per block fall to just 6.25 from 12.5.With the industry eyeing the upcoming Bitcoin halving, the crypto research firm Weiss has increased…
The latest rally across the crypto market may just be the first major impulse upward before retail FOMO occurs and the flow of new money entering the market pushes the prices of cryptocurrencies like Bitcoin, Ethereum, XRP, and more much higher.Recent Crypto Rally Is Just The First Impulse Before Retail FOMOThe crypto market has grown…
WhaleTrades, a Twitterati who tracks the large crypto transactions, alerted that a big whale on BitMEX sold $5 million worth of bitcoin at $9,749.69.BitMEX $BTC Whale:$5,000,000 worth of #Bitcoin sold at $9,749.69 12:13:43 2020/02/07| 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰 EXIT ALL CRYPTO MARKETS— WhaleTrades 🐳 (@WhaleTrades) February 7, 2020Bitcoin Calls that FollowedMinutes before the big sell order, Bitcoin had soared…
Bitcoin price is rising steadily above $9,500 and $9,750 against the US Dollar. BTC will most likely cross $10,000 and it could ignite a strong rally towards $10,400 or $10,650.Bitcoin is likely setting up for a break above the $10,000 barrier against the US Dollar.Many supports are forming on the downside near $9,700 and $9,500.There…
A new court filing reveals that the self-proclaimed Michael Jordan of crypto trading has been charged with scamming over 100 investors out of $7.5 million.The investors include former professional MLB players, raising the stakes and bringing additional public attention to the case.Crypto Trading Ponzi Scheme Scams Investors Out of $7.5 MillionWhen you hear the name…
The crypto market is currently the most explosive its been since the 2017 crypto bubble, with Bitcoin and individual altcoins smashing through downtrend resistance and going on insane rallies.Altcoins have also broken out against Bitcoin after six full months of sideways trading, suggesting that an alt season is on the horizon.Altcoins Finally Break Out of…