Relief Rally Ahead? Litecoin Looks Oversold Below $100

4 days ago admin2 0
Litecoin may have hit fresh 2018 lows Wednesday, but could be in for corrective rally courtesy of oversold conditions. The world’s sixth-largest cryptocurrency fell to $93 at 15:10 UTC, the lowest level since Dec. 8, and is currently trading at at $95.80 on Bitfinex, down 9 percent in the last 24 hours. The 48 percent drop Read More

$6K Next? Bitcoin Bear Market Resumes After 10% Drop

7 days ago admin2 0
The bitcoin market has come alive in the last 36 hours, with the bears gaining the upper hand and now aiming for fresh 2018 lows below $6,000. The cryptocurrency dropped nearly 10 percent on Sunday, hitting a two-month low of $6,619 on Bitfinex, having spent the last two weeks trading in the narrow range of Read More

Which Way? Bitcoin’s Low Volatility May Force Big Move

1 week ago admin2 0
Bitcoin has been squeezed into an increasingly narrow range for more than two weeks and is now experiencing volatility not seen for eight months. As a result, it’s looking likely that bitcoin could soon make a strong move, but the direction it will take when that happens is less than clear. Since May 24, the Read More

Bullish Signals Hint at Bitcoin Price Breakout

2 weeks ago admin2 0
Still stuck in a narrowing price range, BTC could soon rise to resistance above $8,000 if the bulls are able to leap the 50-week moving average hurdle. As of writing, the cryptocurrency is trading at $7,770 on Bitfinex, having been stuck in a narrowing price range (pennant) for months now. Defense of $7,000 last week Read More

Binance Coin Hits Record High Against Bitcoin

2 weeks ago admin2 0
Binance coin (BNB), the token launched by the world’s largest cryptocurrency exchange Binance, has hit an all-time high against bitcoin. BNB achieved the new milestone of 0.002287 BTC at 10:45 UTC Wednesday, and was last seen changing hands at 0.0022 BTC on Binance, up 8 percent since yesterday. The sharp rally pushed BNB’s market capitalization Read More

Magic Number? Chart Data Hints at June 6 Bitcoin Boost

2 weeks ago admin2 0
A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves. Intriguingly, the cryptocurrency tends to take a significant change of direction on the sixth day of every month, or at least it has so far in 2018. Having Read More

When It’s Time to Rebalance Your Crypto Asset Portfolio

2 weeks ago admin2 0
Willy Woo is an avid cryptocurrency trader and blogger, whose work is published at and via Twitter at @woonomic. The ideas in this post first appeared in a tweet published earlier this year. I think rebalancing a crypto portfolio to reduce exposure to a single crypto asset is the most intuitive yet completely wrong move long term investors make. Maybe Read More

Bitcoin’s Low Volume Breakout Could Be a Bull Trap

2 weeks ago admin2 0
Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap. The cryptocurrency broke through a key descending trendline (drawn through the May 6 high to the May 21 high) on Sunday, adding credence to last Tuesday’s bullish outside-day candle and signaling a short-term bearish-to-bullish trend Read More

This Long-Term Indicator Could Complicate Bitcoin’s Price Recovery

2 weeks ago admin2 Comments Off on This Long-Term Indicator Could Complicate Bitcoin’s Price Recovery
A long-term price indicator has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin’s price. Despite the rally late in the month, the cryptocurrency dropped 19 percent in May, according to Bitfinex data, pushing the 5-month moving average (MA) below the 10-month moving average for the first time since Read More

Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos

2 weeks ago admin2 Comments Off on Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos
Bitcoin’s failure to scale the $10,000 mark and the following 19 percent slump did not bode well for the cryptocurrency markets last month. The total market capitalization of all cryptocurrencies fell to $304 billion on May 29 – the lowest level since April 13 and a drop of 26 percent for the month, according to Read More