Coinrule

Coinrule

The market is betting which project will be the Ethereum-killer. Solana, Terra, Avax and Cardano have been performing exceptionally well recently. Investors believe they will outpace the "old" Ethereum in the race of scalability of DeFi, bringing crypto to mainstream adoption. Yet, Ethereum doesn't seem to be giving up the throne anytime soon. Total value...

Coinrule

The mood of the crypto market shifted from " a new bear market started " to " long live the bull market " in a matter of weeks. Looking at the big picture of the crypto market capitalization starting from the bottom in March 2020, things become clearer. The excessive euphoria that grew during the first months of 2021 needed a reset. The RSI captured this general...

Coinrule

As the crypto market consolidates after a raging bull run, traders scramble to see where the chips have fallen. An interesting chart to look at is ETH/BTC. Now that the initial excitement is wearing off, it is perfect for recalibrating and considering a longer-term perspective. Here, we see the last four years of the ETH/BTC chart. We see that during crypto...

Coinrule

Technical analysis is a handy tool for traders, but the truth is that it's not an exact science . If it were, reading a book would make you a professional trader. Chart patterns may appear different to the eyes of each analyst based on their biases. The first step is to try setting aside as much as possible any belief you can have about where the price is...

Coinrule

Investors and traders are people with emotions, fears, and biases. To overcome the uncertainty of every aspect of daily life, they need things that give them a feeling of safety. Assigning a specific "label" to events, objects, or other people's behavior helps everyone categorize what happens around us to fit our mind schemes. When trading, often happens the...

Coinrule

Once a trader from a large forex trading desk explained his main trading daily routine. He started his day placing a large order to test the closest price resistance, waiting for the market to react. If the market moved in the direction of his trade, he was happy with a nice profit. On the other hand, if the resistance proved to be solid, he would have closed...

Coinrule

Did you buy the dip? If so, whose dip? Altcoins have rebounded strongly since last week's lows, with Bitcoin looking much weaker and uncertain about which direction to take. That is consistent with the thesis presented in our recent post. We outlined how Bitcoin could trade sideways for a while, giving the market another opportunity for another mini-Altseason....

Coinrule

Did you hate the market crash this week? Don't blame Elon, either China or JPMorgan. The market was overheated, and newcomers needed to learn the most important lesson of investing. Nothing comes easy, and there is no free lunch. Those who survived this sharp price drop carefully managed their risk, maybe with a stop loss in place. But the best tip to get by...

Coinrule

Everyone is trying to figure out what will be the peak of the current Bull Market. However, when investing, you need to be forward-looking and think ahead. While the price target for the current market cycle is still very uncertain, it may be easier to foresee what will be the price floor of the next bear market. Looking at the previous cycles, in both cases,...

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Bitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit. The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most...

Coinrule

Fiction authors have tried to foresee how the future would have looked like for centuries. They always pushed their imagination to the edge of the impossible, and eventually, fiction turned into reality. What, likely, nobody would have ever guessed is that a "currency" named after a cute and playful dog would have been on the verge of starting a worldwide...

Coinrule

Those that joined the crypto space a few years ago may remember the first puzzle they faced. Where should I buy cryptocurrencies? Hacks, scams, downtimes, and poor user experience were a real pain. Those that recently started their crypto-journey don't have as much to worry about. Prominent players gained a solid reputation for offering safe and easy options....

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The post-traumatic stress caused by the great Bear Market of 2018 may be still vivid in crypto investors' minds. The fear of buying the top is so intense for many traders that they see every dip around a new all-time high with great prudence. That is not a bad thing per-se. Risk management is one of the main pillars of trading. Taking profits from time to time...

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If I told you that the real Altseason is not even started, the first thing that would cross your mind would definitely be, "that must be an April fool!" . This idea is quite fascinating, as already many coins on the market trade at all-time high value during this Bull Market. It's hard to imagine that most of the upside is still ahead of us. Yet, if the picture...

Coinrule

Kudos to you! You survived a Bull Market dip. Maybe that was your first one, and you were about to reconsider your whole crypto investments. Or maybe that wasn't your first time watching the market going deep red, and you may have also seized the opportunity to accumulate a bit more. If you didn't, don't worry. You may get a second chance soon. In the first...

Coinrule

It was just a matter of time before Ethereum could shine again. With Bitcoin cooling off, that was the perfect scenario for Altcoins and Ethereum to run. In January, Bitcoin has mostly traded on the downside, while Ethereum has quietly but steadily outperformed. When many DeFi-related coins double or triple in price in a matter of days, Ethereum meager 60%...

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I like to imagine Satoshi Nagamoto looking at this chart every day , framed in his living room right next to Bitcoin’s whitepaper. This chart portrays his main success (excluding Bitcoin’s ‘mere’ price appreciation over the last decade). The blue line represents the Dollar index, while the orange one Bitcoin’s price. Clearly, these two assets are well...

Coinrule

The market has been wildly optimistic recently. Bitcoin is posting new all-time highs almost every day, with minimal price drops. If you hold cryptocurrencies, the chances are that your wallet is much more wealthy today than a couple of months ago, no matter what you own. The whole market has been on a tear, mainly thanks to the Bitcoin's parabolic price growth,...