Mate Cser on June 22nd, 2017.
Cryptocurrencies had a very quiet day, with Ethereum’s slide and Ripple’s pull-back defining sentiment. Bitcoin recovered after yesterday’s dip, and finished the US session near the $2700 level again. With financial markets definitely in summer mood, short-term traders might be in for more frustrating days and sudden moves in both...
Mate Cser on June 21st, 2017.
It’s been a strange and slightly bearish day for the crypto-market following the sudden spike lower in altcoins yesterday, as Bitcoin failed to follow through on its strength, but altcoins also acted weak, especially Ethereum. Ripple also pulled back heavily after its strong move while Litecoin remained strong, trading just below its...
Mate Cser on June 20th, 2017.
Cryptocurrencies had another calm day, until the end of the US session, at least, when a tweet from Donald Trump regarding North Korea caused turmoil in financial markets. Altcoins were sold and Bitcoin got bought after the announcement that reignited speculation about a possible “intervention” by the US. Most coins recovered quickly off...
Mate Cser on June 18th, 2017.
1. The NASDAQ US stocks are facing another challenging time, as summer seasonality is here, meaning a negative expected return for the next few months. What’s more, the recent price action has been suspicious, especially the NASDQ’s sharp correction that left traders wondering about how stable the market actually is. The tech...
Edward Talliot on June 17th, 2017.
Vinny Lingham, CEO of Civic Keys, thinks August 1, the proposed date for the Bitcoin scaling, is not an independence day for the trailblazer of cryptocurrencies – but in fact a judgement day. In a Twitter post on early Thursday morning, the crypto investor and analysis pundit wrote that: “Bitcoin may need to “die”...
Mate Cser on June 16th, 2017.
Coins rebounded strongly yesterday after the morning massacre as both Bitcoin and Ethereum respected the support levels that we have been monitoring. The quick correction sliced a large chunk out of the capitalization of the majors, but the whole segment “only” lost a bit more than 10%, as of now, according to Coinmarketcap. The total...
Mate Cser on June 15th, 2017.
How long will the correction last? This is probably the biggest question in the minds of the crypro-trading community right now. As we warned yesterday, and (a little early) last week, Bitcoin and Ethereum were overbought on the long run and we concluded that: (…) a 30%-40%-50% correction, that has been the normal for Bitcoin in the...
Mate Cser on June 14th, 2017.
The Monday correction is gathering strength again after a breather yesterday, as BTC failed to launch a new rally towards all-time highs and rolled over after the bounce. Correlations are high once again, as it is usual for a correction, and it’s likely that BTC and Ethereum will dictate the trend of the coming days, with small cap coins...
Mate Cser on June 14th, 2017.
Wednesday Market Recap Asset Current Value Daily Change S&P 500 2436 -0.15% DAX 12835 +0.44% WTI Crude Oil 44.76 -3.72% GOLD 1279.00 0.81% Bitcoin 2630 -3.56% EUR/USD 1.1277 0.60% The usual pre-Fed trading fell apart today as the much worse than expected US CPI and Retail Sales reports caused turmoil before tonight’s important...
Mate Cser on June 12th, 2017.
The crypto-coin market is very active today, as yesterday’s string of break-outs and pull backs triggered volatility in the majors and the small cap coins as well. Ethereum’s surge reached as high as $400 in early trading, but the decline in Bitcoin “infected” the other coins during the US session. As we noted in our long-term outlook,...
Mate Cser on June 10th, 2017.
Weekly Recap Asset Current Value Weekly Change S&P 500 2428 0.15% DAX 12815 0.11% WTI Crude Oil 45.90 -4.15% GOLD 1268.00 -1.08% Bitcoin 2876 11.23% EUR/USD 1.1195 -0.76% The British snap election fueled the most prominent moves of the week, as the Pound was heavily sold on the narrow victory of the Conservative Party. The Euro also...
Mate Cser on June 9th, 2017.
The coin market is peaceful today, in stark contrast to some of the recent Fridays, with low volumes and modest gains across the board. The majors got a slight boost from the surprising results of the British snap-election, and in contrast with traditional safe-haven assets, like gold and the Yen, the coins held on to their gains,...
Mate Cser on June 8th, 2017.
This question probably ran through a lot of traders’ minds yesterday evening and this morning amid the decline in Bitcoin, as the 30% correction in the currency that took place two weeks ago is still a very active memory. The correction dragged altcoins lower as well, so it isn’t a surprise that a lot of investors and traders got...
Mate Cser on June 6th, 2017.
Bitcoin Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing...
Mate Cser on June 6th, 2017.
Tuesday Market Recap Asset Current Value Daily Change S&P 500 2430 -0.11% DAX 12688 -1.04% WTI Crude Oil 47.15 -0.42% GOLD 1297.00 1.10% Bitcoin 2822 8.93% EUR/USD 1.1268 0.18% Stock markets are trending lower today, although not much damage has been done so far, especially in the US indices, which are still very close to their...
Mate Cser on June 6th, 2017.
Just a few hours after our previous alert, Bitcoin hit new all-time highs on several exchanges, rising to $2800 in Asian trading, just two weeks after a painful 30% decline that carried BTC’s price below $2000. The most valuable cryptocurrency is up more than three-fold since hitting $900 in March. Daily Chart of Bitcoin (Coinbase)...
Mate Cser on June 6th, 2017.
The crypto-market trended broadly higher today, as the most valuable currency was boosting the segment, after a quiet and sideways weekend. Ethereum is unchanged after the break-out to new highs yesterday, as the $250 level is acting as resistance for now. XRP is still trading in a low-volatility range, hurting short-term traders, while...
Mate Cser on May 27th, 2017.
Bitcoin Bitcoin spiked down towards the first main support zone near $1875, and it’s currently trading above the $2000 level again. I expect more downside, but trading these bounces with small positions could be lucrative. The $2230 level could cap the current bounce. Ethereum ETH’s overnight minimum was around 110, a 40% top to bottom...
Mate Cser on May 26th, 2017.
Friday Market Recap Asset Current Value Daily Change S&P 500 2412 -0.05% DAX 12579 -0.51% WTI Crude Oil 48.95 -0.17% GOLD 1268.00 0.88% Bitcoin 2427 -10.43% EUR/USD 1.1170 -0.37% The major US stock indices continued to creep higher near their all-time highs yesterday. Investors could be puzzled, as the rally is only led by the usual...
Jim Fredrickson on May 26th, 2017.
It was a busy day yesterday. Bitcoin and Ethereum stole the show for the most part; they sucked money out of the other coins as traders tried to chase the trades. For the most part, I can say that both those two coins went higher, and longer, than I would have guessed. But speaking for myself, I would not buy either coin here. They...