Tuesday, August 20, 2019
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Tag: Bitcoin

Daily Crypto Brief, August 20 – Bitcoin and Altcoins Finding Resistance

Monday 19, Bitcoin moved up over 600 points to touch resistance near $11,000, from where it has retraced a bit. Altcoins are following the...

Will Bitcoin Respect the Bullish Trendlines?

As seen in the image, we can draw two main trend lines describing the mean slope of the bitcoin bullish movement that started in...

Daily Crypto Brief, August 16 – Bounce and Downward Continuation!

Yesterday all cryptocurrencies bounced off sharply with the bitcoin coming from a 4% loss up to a 4% gain and climbing to the $10,400...

Daily Crypto Brief, August 15 – Market Sell-off

Yesterday, the Bitcoin continued its massive descent, after having its $11,000 support broken. The sell-off accelerated during the day, as all indices in the...

Bitcoin: Sellers Have Found a Strong Ground

Bitcoin made a crucial downward breakout yesterday. The daily candle was a strong bearish one which may attract the sellers a lot to go...

Daily Crypto Brief, August 14 – Bitcoin Continue To Slide,...

Yesterday, Bitcoin moved down from its tight range, losing almost 1,000 points. Altcoins followed but with less bearishness. Overall, Bitcoin continues losing market dominance....

Daily Crypto Brief, August 13 – Bitcoin and Altcoins Cannot Find...

Bitcoin and the leading altcoins are trying yo define direction amid a reduced trade volume and lack of volatility, partially due to holidays in...

Bitcoin: Is a Crucial Breakout About to Take Place?

Bitcoin produced an inside bar yesterday. The day before, yesterday’s candle came out as a strong bearish candle. Thus, any breakout at yesterday’s lowest...

Daily Crypto Brief, August 12 – Altcoin Weekend Strength, Bitcoin Dump

Bitcoin dropped $400 on Saturday morning in a sudden volume spike, as has happened in the recent past, at the same time altcoins experienced...

Bitcoin: Got Caught Within a Horizontal Range

Bitcoin after hitting 12000.00 area seems to have a consolidation on the daily chart. The level of resistance is getting stronger. However, the sellers...

Daily Crypto Brief, August 09 – Bicoin 12K Barrrier Still Holds,...

Yesterday price action on the Bitcoin but it recovered at the end of the session to attempt another assault to the $12,000 barrier, which...

Daily Crypto Brief, August 08 – BTC Upward Momentum Faces 12K...

Yesterday, the bitcoin went up to attack once more the strong psychological barrier of the $12,000 level, but it failed three times. The rest...

Bitcoin: The Buyers are in the Driving Seat

Bitcoin after making a breakout at the neckline of a double bottom on the daily chart, the price went up to the 12250.00 area...

Daily Crypto Brief, Aug 07 – Healthy Correction and Bounce

Yesterday morning, the Bitcoin had a large movement that took its price to $12,300 to suddenly receive an intense selling pressure that moved it...

Daily Crypto Brief, August 06 – Bull Day For Cryptocurrencies, Now...

Bitcoin had a great day moving up almost $1,000(10%), while the rest of the markets burned. The S&P 500 fell more than 3%, the...

Worldwide Stock Markets: Heavy Monday Losses

The Trade war fire has been revived by US President Donald Trump, as the FED lowered just a quarter of point the interest rate....

Daily Crypto Brief, August 5 – The Buyers are Back, US-China...

  This weekend saw the return of the buyers to the cryptocurrency sector. The past week was quite good for the digital coin industry, adding...

Bitcoin: Are Buyers Getting Ready to Ride on the Bull Again?

Bitcoin has made a significant move towards the North. Today’s intraday charts show that Bitcoin has made a breakout at the level of resistance,...

Bitcoin Outlook on the Weekly Timeframe

The weekly chart of the bitcoin is quite interesting. We see that this one was a reversal week, and the price is making a...

Daily Crypto Brief, The Buyers Dominate!

Yesterday morning there were hesitation and selling pressure, but the approaching of the opening of the US session brought buyers back to move Bitcoin...

Bitcoin: Buyers Seems to Have Found a Strong Ground

Bitcoin had a strong bounce at a significant level of support on the daily chart lately. The price did have a bounce on the...

Bitcoin Milestone: Only 15% left to mine in 120 years!

Below, a Blockchain.com chart shows that a new milestone has been reached today, as the number of bitcoins in c¡rculation, 17,884,075.00 BTC, exceeded 85%...

Bitcoin & Monero Elliott Wave Analysis: Creating a Wave 3 of...

Bitcoin has completed an ABC pattern of an Elliott Wave structure. After this completion, it created a Wave 1 and 2 of lesser degree....

Daily Crypto Brief, July 31 – Slowly Improving!

Yesterday, cryptocurrencies were slowly improving, with a paced increase in valuation. Market capitalisation went up 2.74%, and the current Bitcoin dominance is kept at...

Bitcoin: The Support Line Holds the Key

Bitcoin has been within a range on the daily chart. The price is right at a support level where a daily Doji candle was...

Daily Crypto Brief, July 30 – Trying to Find a Bottom?

Bitcoin and altcoins continued their slide, although at a slower pace. The bitcoin is losing 1.98% in the last 24 hours. Ethereum has dropped...

Daily Crypto Brief, July 29 – Still in Corrective Mode

This weekend can be described as a slump and bump type price action. It was a whale fight. After a whale-type bullish spike at...

$100 Million BitMEX Bitcoin Liquidation Drove its price to $9,500...

Bitcoin had a large purchase precisely at 00:10 a.m. that drove its price from $9,800 to $10,200. The European morning was uneventful until a...

Daily Crypto Brief, July 26 -Where are the Buyers?

Yesterday, cryptocurrencies reversed almost all the gains of the bullish impulse they experienced on Jun 24. With the notable exception of NANO (+11%), the...

Daily Crypto brief, July 25 – Finally The Rebound!

Early morning, finally, the bitcoin made a bullish candlestick that drove the price back to $10,000. Most of the altcoins joined the rebound, most...

Bitcoin: Traders to Get a Clue from Its Next Breakout

Bitcoin had another bearish day yesterday. The daily chart shows that Bitcoin produced three consecutive bearish daily candles. However, there is a strong support...

Daily Crypto Brief, July 24 – The Buyers are on Holidays!

After a brief recovery at the end of the day, cryptocurrencies continued descending at a slow but continuous pace.  Currently, the Bitcoin is -2.25%...

Daily Crypto Brief, July 23 – The Corrective Action Persist!

Cryptocurrencies are still stuck in a corrective movement caused by a lack of buyers. The bitcoin is currently $10,260, with shorts up +3.48% while...

Libra and its Increasing Troubles with privacy vs KYC Rules

Libra is facing an increasing string of troubles related to Facebook's trust, privacy and compliance. Today, Coindesk.com published an article titled "UK Lawmakers May Probe...

Bitcoin: Traders to Be Patient to Find a Direction

Bitcoin has been ranging on the daily chart. Yesterday’s daily candle came out as a bearish candle, but it did obey a level of...

Daily Crypto Brief, July 22 – Cryptocurrencies in Pause Mode

After the big bounce of all cryptocurrencies that happened last July 18, the price of the Bitcoin and the rest of the top cryptos...

Bitcoin: What an Interesting Battle This Is!

Bitcoin had a bullish day yesterday. The daily candle came out as a bullish engulfing candle producing at a level which was a level...

Daily Crypto Brief, July 19 – Bitcoin Bullish Mode ON Again!

  Bitcoin has made a dramatic comeback yesterday evening on large volume in a spike that drove its price from $9,300 to $10,500 in less...

Daily Crypto Brief, July 18 – Calm After the Storm

Yesterday was the second day of Facebook's Libra hearings; this time was the turn of the congress. The day started with losses and then...

Bitcoin: Is the Game Over for the Buyers?

Bitcoin produced a spinning top on the daily chart yesterday. The day before yesterday’s candle was a strong bearish candle. Thus, yesterday’s candle may...

Daily Crypto Brief, July 17 – Facebook Senate Hearing Weigh on...

Facebook Senate Hearing Weigh on Cryptos, as all cryptocurrencies took yesterday a hit, with Bitcoin and Ethereum down 12%, and most of the top...

Bitcoin Possible Secenarios: Click on the Image and Cast your Vote!

The technical analysis sometimes shows several patterns which may drive the trader to think in several scenarios. On this case, we see there is...

Bitcoin: Are the Buyers Being Sanguine Again?

Bitcoin has been within a daily range. The price had a bounce at the support level of the range yesterday. Moreover, the daily candle...

Libra – US Political Establishment in Panic Mode and a Lesson...

  The week is marked by Facebook US Congressional hearing and the political reactions to Libra and the Bitcoin. Surely, most of the current volatility...

The Digital Currencies Perspective by the Bundesbank: Adaptation or Death

End of May, the president of Bundesbank, Germany's Central Bank, Jens Weidmann said he's "not impressed" by the blockchain technology, as a trial project...

Daily Crypto Brief – July 12 – Donald Trump Doesn’t...

After two days of heavy drops, all cryptocurrencies seem to be looking for their support level. The Asian session moved the Bitcoin and most...

Poll on Bitcoin – Bearish or Bullish?

  The Bitcoin has been moving in what may be interpreted as a bearish wedge or a bullish channel. What do you think?  

Bitcoin Bearish Spike after Bitmarket Exchange Liquidation

The news of the Polish Cryptocurrency exchange Bitmarket has close its operations due to liquidity problems has created a sharp bearish spike in all...

Daily Crypto Brief for July 09 – Bitcoin Second Impulse to...

Yesterday, the Bitcoin price left its boring sideways meandering and started an impulsive movement which, without pause, drove its price from $11,200 to the...

Daily Crypto Brief for July 8 – Mildly Bullish Week-End Sentiment

This weekend the cryptocurrency sector, overall, had a bullish impulse, Notably, Ethereum(15%), and Monero (20%). Bitcoin moved about 7% but although relatively bullish is...