Coinrule

Coinrule

In terms of the global macroeconomic picture, the past two weeks have been nothing short of a firestorm. Last week, the UK government announced plans for unfunded tax cuts and additional government borrowing in the ‘mini budget’. This caused a drastic reduction in market confidence. Consequently the Pound crashed to under $1.04, historically low levels against the...

Coinrule

ETH 2.0 is here! Yesterday, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further...

Coinrule

ETH 2.0 is here! Today, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation...

Coinrule

The connection between traditional finance and crypto is more closely linked than ever before as institutional demand for our treasured asset class rises rapidly. Last week we saw BlackRock, the world’s largest asset manager with approximately $8.5 billion under management, endorse bitcoin by offering a spot bitcoin private trust to their U.S-based investors....

Coinrule

July was a reassuring month for crypto, and financial markets in general, stimulated by the Federal Reserve deciding a 0.75% rate hike was sufficient to slow inflation. They also stated the 2.25-2.50% federal fund rate is now neutral – no longer contributing to growth or contraction within the economy. This caused markets to rally on the expectation there may not...

Coinrule

Ethereum’s rise from the ashes over the past two weeks has demonstrated why you should not underestimate bear market rallies. Prior to its explosive surge, covering over 50% in a week, the second largest crypto asset was tracking bitcoin’s moves closely. Now it appears to be the one leading the rest of the market and showcases the market’s shift to a more risk-on...

Coinrule

Ray Dalio, legendary investor and founder of the world’s largest hedge fund Bridgewater Associates, coined the term “cash is trash”. However, arguably over the past 8 months cash has weathered the economic storm the best, with the dollar being the strongest among the major currencies. This week we saw examples of multiple fiat currencies taking severe hits...

Coinrule

Arguably the number one saying to always avoid uttering in investing is “This time is different”. Usually, it is related to overly optimistic bullish expectations of future market highs due to global adoption finally taking place. Ironically, as this cycle continues it is proving to be different… In all prior market cycles, bitcoin never rested or went below...

Coinrule

It has been a wild ride, indeed. Starting from the bottom in March 2020, the total market capitalisation has grown by over 20 times. What to expect now? Despite higher volatility on the downside in 2021, the trend of the crypto market capitalisation has been growing steadily since 2020. The valuation traded most of the time within the green channel while...

Coinrule

You may have been in crypto enough to recall the times when Litecoin was called " the Silver of crypto ". Well, it may be time to brush up on that comparison. While the real value of physical Silver is undeniable, the market has long overlooked this precious metal. Considered well inferior to Gold, investors and traders have not paid much attention to it for...

Coinrule

Halloween is that period of the year when streets are full of ghosts and monsters. At a closer look, they are just kids asking for candies. If you look closely at the latest "spooky" Bitcoin's dip, you will find many bullish elements as well. As anticipated, the market was looking for a retest of the first support area. During a retest, the magnitude of the...

Coinrule

The market always fills the gaps. Gaps are not common in the crypto market. But, as Bitcoin gain mainstream adoption and more investment vehicles get listed on traditional financial markets, these elements can play a relevant role in how its price moves. Gaps signal strong price reversals and point at suitable price levels that traders can use as support and...

Coinrule

"The greatest trick the Devil ever pulled was convincing the world he didn't exist." In the same way, Bitcoin often flies below the investors' radar before breaking out. Long sideways periods shake out the less patient traders while a new powerful uptrend brews unnoticed. When the price breaks above the previous highs, the real action begins, latecomers rush...

Coinrule

China bans (once again) crypto activities, and only news outlets seem to care about it. A positive reaction to bad news is one of the most bullish signals experienced investors wait for to assess the market's mood. You could argue that China's FUD is now almost no news anymore, but it can always represent a new opportunity for speculators to push the market...

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...