Introduction Bitcoin, the world largest digital currency, was launched in 2009 and currently reached a market cap of over 200 billion dollars. But still, most of the people don’t understand how it actually works, so this is why we are here. Unlike the fiat currencies that we are familiar with, owned or controlled by central banks, Bitcoin has no central...
1) Introduction Simply put, Bitcoin is a completely digital currency that is independent of any banks or governments. It uses its own decentralized technology for securing payments and storing money. Bitcoin (also written as BTC) is a decentralized virtual currency that was created at 2009 by an unknown person using the name Satoshi Nakamoto. Neither does it...
October 2008 - The idea is born! Like most of the revolutions or innovations that we used to hear about through the history, everything is starting from an idea. In October 2008, what started as an idea has become a currency used by black markets and put in portfolios that some investors want to trade like stocks. January 2009 - The right currency, in the right...
After we could see a positive movement of the price yesterday, this couldn't break the resistance level of 6748$ after 2 attempts and it came back to the bearish trend as we already got used to. A confirmation of the downtrend can be the price which "jumped" again between the 20 days Moving Average and the lower band of Bollinger. With the RSI on a neutral...
The price managed to recover the loss which was registered on the 13th of August and it started to move sideways ever since. As the Bollinger Bands is showing to us, the market went back on a bearish trend after the price failed to create a red candlestick about the 20 days Moving Average and almost reached the support level of 273$ With the RSI on a neutral...
After the Bearish trend was confirmed at the end of July the market started to correct since the 16th of August. The RSI jumped from the "oversold" area and the MACD line just crossed the Signal line showing the beginning of the uptrend, at least for the short time. If the price will break the resistance level of 0.6629$ it can be considered the confirmation of...
The bearish trend has been confirmed since 8th of August, once the price closed below the 20 days Moving Average and the first red candlestick was created. Also, the MACD went below the Signal line showing the same direction. The price went down in the meantime and it reached the support level of 9.4269$ before it bounced back as we could expect based on the...
The price has stared to move sideways since the 14th of August. Ideal Scenario : With the RSI on a neutral position and with the MACD above the signal line, we are just waiting for the first candle to close on green above the 20 Days Moving Average as a confirmation of a short term uptrend towards 0. 4765$. Alternative Scenario : If the first candle will close...
Even if the market seems to remain bearish, at least on the medium term, the price bounced back from the support level of 260$ and is heading towards 314.75$ which is the first resistance level. With the RSI close to it's neutrality, this short term uptrend is also confirmed by the MACD line which is still above the Signal one and by the price which crossed the...
Based on Bollinger Bands and MACD principles, the trend is still bearish as long as the price is still between the 20 Days Moving Average and the lower band and also the MACD Line is below the signal one on a 1D chart. The RSI is an "over sold" positon showing that the downtrend may slow down for a while which means we might see either a sideways movement or a...
Ethereum price dropped heavily against the US Dollar and bitcoin. The pair is currently correcting higher, but it is likely to face sellers near the $380 and $390 levels. The price is still between the 20 days Moving Average and the lower band of the Bollinger Bands confirming that the market is still bearish. RSI is 23 and it's showing that the...
The prices of Bitcoin, Ethereum and all other major cryptocurrencies are sharply down Wendesday following an announcement by the U.S. Security and Exchange Commission (SEC) that they will delay the decision on approving the expected first-ever Bitcoin ETF. BTC/USD continuously following its' bearish trend, according to Bollinger Bands (BB), as long as the prices...
The MACD line is still below the Signal one which means we are still on a bearish market. The Stochastic is below 20 which means that the downtrend is about to slow down for the short term and it's possible to have a correction. The price reached the Support Level at 7000$ and it bounced back from it. Trading Idea : Buying positions close to 7000$ with a...
Fundamentals: (News & Announcements) Cryptocurrency Exchange Binance Will Offer Crypto Backed Loans Binance Exchange Plans To Enter South Korea’s Cryptocurrency Markets Binance CEO: Asserts, Crypto Market Seeing a Huge Jump in Institutional Investment Technicals: (Price Analysis) The price reached the value of 13.51$ and it bounced back from the...