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1050 days ago

Technical Analysis: Bitcoin back above 200 DMA after measured move objective reached

When the fundamentals are inexplicable, sometimes there is some sense in the technicals...

1050 days ago

Bitcoin and Ether cut their daily loss by half after Musk's "Diamond Hands" Tweet. Cathie Wood helped as well...

He's back... Elon Musk, who was the initial catalyst for the crypto selloff, tweeted at 1042ET that Tesla has diamond hands.", implying that the electric vehicle maker would not be shedding its $1.5 billion stake in bitcoin. Elon's tweet has helped stabilize the rout in bitcoin, which is now down just 14% after plunging 30% earlier. Separately, in a BBG TV Interview, Cathie Wood who has long been a fan of bitcoin, kept her $500,000 price target for bitcoin and said that "the odds are going up now that we have had this correction. I don’t know if its going to be this year or not.” Wood also said that the odds of crypto ETF approval are going up now that we’ve had this correction (it wasn't quite clear why). Another factor helping bitcoin rebound is news from Coinbase that it has identified the issue causing outages on its platform and is rolling out fixes to users now, likely prompting buy-the-dip sprees (source: www.zerohedge.com).

1051 days ago

Last 24 hours have been rough on cryptocurrencies

Most cryptos are losing over 20% over the last 24 hours. Will it bounce back or are we witnessing the pop of a bubble?

Last 24 hours have been rough on cryptocurrencies

1051 days ago

Bitcoin is now at the same level at which Elon Musk announced the Tesla Bitcoin purchase

Does this mean that Elon Musk has a $300 billion impact with a couple tweets? ($300 billion being the gap between the peak market cap and that of today). 

Bitcoin is now at the same level at which Elon Musk announced the Tesla Bitcoin purchase

1052 days ago

Another way to look at the Gold - Bitcoin rotation -> GC/BTC chart bottoming ?

Relative price chart of Gold versus Bitcoin has been in a long downtrend since gold topped last year. Did it just bottom out?

#Commodities
Another way to look at the Gold - Bitcoin rotation -> GC/BTC chart bottoming ?
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