Mate Cser on July 21st, 2017.
The most valuable coin is still leading the way higher, after breaking out of its one-month long correction that took BTC 40% lower. The scaling debate has been resolved by a much-needed, but still debated consensus regarding the BIP 91 protocol, propelling Bitcoin towards its all-time highs. The currency that has been pushed lower by...
Sam Bourgi on July 21st, 2017.
Bitcoin prices (BTC/USD) were down at the start of Friday trading, but were poised for a dramatic weekly rise amid easing concern over the future of the digital currency. The cryptocurrency was down 5% to $2,729.58 at 5:42 BST, according to Bitstamp. It had approached $2,900 on Thursday as the market clawed back toward record highs. At...
Mate Cser on July 20th, 2017.
Thursday Market Recap Asset Current Value Daily Change S&P 500 2474 0.11% DAX 12522 0.56% WTI Crude Oil 47.67 0.61% GOLD 1239.00 -0.25% Bitcoin 2575 12.11% EUR/USD 1.1562 +0.42% Well, that was quick; the European Central Bank backtracked from its recent hawkish position today, as the President of the central bank announced in its...
Sam Bourgi on July 20th, 2017.
Bitcoin prices swung higher Thursday, as a sense of calm returned to the cryptocurrency market following a prolonged period of volatile moves. Bitcoin (BTC/USD) was trading near session highs at 12:55 BST, having gained 8.5% to $2,457.14, according to Bitstamp. Prices opened at $2,294.41 and have been trekking higher ever since. At its...
Mate Cser on July 20th, 2017.
The major coins experienced a swift and deep correction after rallying hard on the first two days of the week, with Ethereum dipping below $200 after almost doubling to reach $250 previously. The correction was likely triggered by a security breach in the Parity Wallet that resulted in more than $30 million worth of ETH being stolen....
Danish Javed on July 19th, 2017.
During the late trading session on the Sunday 16th of July, the BTCUSD pair bottomed around $1820 on average in major USD markets and 13,000 in leading CNY exchanges. Since then, it has retraced the entire fifth wave of the down leg and moved 30% upwards towards its resistance around $2400. What we’re looking at above is an impulse...
Mate Cser on July 19th, 2017.
The major coins all rallied strongly in late trading on Tuesday, with Ethereum leading the way higher after surging past the $200 level and getting close to $250. The oversold long-term picture together with the positive news regarding Bitcoin’s scaling issues gave a huge boost to the whole market, as the weekend panic seems like a bad...
Mate Cser on July 18th, 2017.
Tuesday Market Recap Asset Current Value Daily Change S&P 500 2454 -0.17% DAX 12431 -1.21% WTI Crude Oil 46.30 -0.61% GOLD 1242.00 0.45% Bitcoin 2340 13.23% EUR/USD 1.1573 0.83% Stock markets are losing ground today, led by European stocks that are being pushed lower by the new highs in the Euro. The DAX and the Euro Stoxx 50 indices...
Mate Cser on July 18th, 2017.
The major cryptocurrencies got bought aggressively following the weekend liquidation, and the most valuable coins rallied back above their prior high, giving the first confirmation of a possible long-term trend change. Bitcoin surged past $2150 and hit the key $2250 level, with the timing of the previous being almost perfectly in line...
Mate Cser on July 17th, 2017.
Monday Market Recap Asset Current Value Daily Change S&P 500 2458 0.11% DAX 12592 -0.32 WTI Crude Oil 46.44 -0.19% GOLD 1224.00 0.50% Bitcoin 2075 3.15% EUR/USD 1.1465 -0.03% Global financial markets are very quiet this Monday, with no major catalyst from the economic and political fronts. Last week’s rally in US stocks remains...
Mate Cser on July 17th, 2017.
Ethereum recovered well after the Sunday morning crash that took the coin down to the $135 price level, with Bitcoin also bouncing higher, and the other majors following the two dominant currencies as well. ETH’s 20% rally means that the token is just below the previous low, at $172, which triggered the sell-off and liquidation during...
Mate Cser on July 16th, 2017.
The crazy crypto weekend continued Saturday night as Etherum broke below its recent low, triggering another huge wave of selling and forced liquidations as margin calls got initiated after the deep correction. The cryptocurrency dragged the whole market lower amid, with all the majors falling strongly, but lots of small cap coins held up...
Mate Cser on July 15th, 2017.
The crypto-correction continues in earnest this weekend, with Bitcoin leading the way lower this time around, “catching up” with our previous roadmap for the correction. The most valuable coin is testing the developing long-term base formation after spiking below the $2000 level earlier on today. BTC/USD Daily Chart Analysis The other...
Mate Cser on July 15th, 2017.
As weekends have been very busy – to say the least – for crypto traders, today’s move lower has been keeping all players on the edge. With the Segwit2X announcement looming in one week, and the Judgment Day for Bitcoin also around the corner, nervous trading continues across the board in cryptocurrencies. While the...
Mate Cser on July 14th, 2017.
The crypto-market experienced another short-term sell-off yesterday, but the major coins all managed to hold above their prior lows, as the downside momentum weakened and the small cap coins also stopped hitting new lows. While a trend change is not yet confirmed, the long-term picture continues to be encouraging, and the market could be...
Steve Kanaval on July 13th, 2017.
I believe digital currencies incorporate future events in the same way stocks do, the release of earnings or the introduction of a new product will be reflected in pricing in many stocks 90 to 180 days before earnings are released or a new product generates sales, and the share price will reflect future events. Digital currencies are...
Mate Cser on July 12th, 2017.
The major coins bounced back from yesterday’s decline and although the rise in Bitcoin and Ethereum is muted, some of the most valuable cryptocurrencies are showing positive divergence. The selling pressure that dominated the recent month during the correction has weakened recently, and the small cap crash of the weekend might have...
Steve Kanaval on July 12th, 2017.
I believe all markets behave in a similar way, and I do not think it matters if you are trading a digital currency, a stock or an option. I started out my career trading futures contracts on currency before all global currency rolled into the Euro. We would trade futures contracts on the Swiss Franc, the Japanese Yen or the German Mark...
Steve Kanaval on July 11th, 2017.
If you are depending on fundamentals to trade any digital currency you will end up frustrated and broke. In reality, digital currencies do not have the kind of fundamentals like stocks, and in this early phase of fat tail volatility, you can only depend on technical support and resistance levels to guide you. Anticipating and...
Mate Cser on July 11th, 2017.
The major coins are all in the red today, with Ethereum and small cap coins leading the way lower, and Bitcoin and Litecoin outperforming the market considerably. To put the current move into perspective, Ethereum and Bitcoin first reached the current price at the end of May, and the ETH token is still trading 20 times higher than its...