Cryptotraders are too focused on BTC pairs. Why not pay attention to ETH pairs as well? Look at the XMRETH chart. See that nice, predictable volatility? Ether and Monero aren't strongly correlated. These are two cryptos that with very different concepts and goals, so their prices tend to be uncorrelated (that is, compared with other cryptos).
XMR will release...
Monero is still far more bullish than Bitcoin, as you can see in the chart ranging from 2015 to today. Still, XMR doesn't get the attention that it deserves. CryptoNote is more secure, private, and decentralized, so I expect Monero to prevail in the long run over Bitcoin.
As we can see from the linear regression above, Monero rarely falls below -2 standard...
The release of Casper could potentially boost the price of ETH and improve the scalability and speed of the network. However, is Casper is delayed we might see increasing dissatisfaction with Ethereum. Some big projects could migrate to competing platforms such as Cardano, EOS, or Neo, which would be a huge blow for ETH. It all depends on the news now. It seems...
Remember when the 200 daily moving average was Bitcoin's strongest support? Today, it seems that the 200 DMA became a point of resistance as BTC failed to break it upward.
So if Bitcoin doesn't break 9k soon - and I mean very soon - it's going to retest 6k and potentially dive to 5k. Also, do I even need to mention that the 'death cross' is looming?
Thanks to low volume and the advent of Bitmex 100x leverage margin trading it's now possible for whales to pump and dump Bitcoin, which is why we've been seeing 5% up/down swings over the past week. Here's an idea of how to take advantage of a potential 5% upswing.
Why is the price moving up and down ~5% ? The answer simple. Because you only need 4% swings to...
BTC crashed due to FUD and is now oversold. Expect a bounce back since the FUD wasn't real. Here's an idea of how this can play out. (Notice it may dip again and find support at 9.1k before it bounces back up.)
This pump is reaching exhaustion soon. Look at the 4 hour RSI. I expect to see a correction to 10200-10300 tomorrow. Price should regress to the green line and hover around there for the next 4 days or so
BTC had been going up over the past 2 weeks following a parabolic curve that couldn't be sustained. Then three things happened yesterday:
1. The 4-hour RSI reached overbought levels.
2. BTC went down and the parabola was broken.
3. BTC went up briefly today, but that may have been a dead cat bounce.
If (3) was a dead cat bounce, you may want to rebuy BTC it when...