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Did Bitcoin (BTC) Reach a Bottom? – Ethereum World News

Did Bitcoin (BTC) Reach a Bottom? – Ethereum World News

Bitcoin (BTC) and all our favorite coins and tokens have once again proven to us that they can get back on their feet after a massive decline. The King of Crypto is currently testing a new resistance level of $6,500 after reaching a recent low of $6,200 on the 8th of September. Looking at Ethereum […]

Lower Highs Continue

HAVING TIGHT STOPS IN PLACE IS IMPERATIVE IF YOU’RE CRYPTO TRADER, ESPECIALLY IN 2018.  Bitcoin (BTC) hit the 7,300 pattern count we alluded to, held there for a few days and then got creamed.  Sound familiar?  A respectable gain eventually being wiped out has happened repeatedly this year.  While discouraging, we have to recognize this […]

GOLDMAN IS SAID TO PUT CRYPTO DESK PLAN ON HOLD

According to the periodical, Business Insider, Goldman may be reconsidering its crypto strategy. The article suggests that Goldman is putting on hold earlier plans to open a desk to trade physical Cryptocurrencies. THE CROWD’S LINE TRADING DESK VIEW:  While this headline may catch the market by surprise, market observers should understand that building the infrastructure […]

SO MUCH FOR THE VIEW THAT BITCOIN IS CORRELATED TO EMERGING MARKETS

According to a recent article from Fundstrat analyst Tom Lee, the price of Bitcoin is correlated with the emerging market asset prices.  The big story in the financial markets today is the strengthening US dollar and its subsequent impact on emerging market assets.   The result of the stronger dollar has been a weakening of […]

Bitcoin Hits Short-Term Target

DESPITE AN INITIAL HEADFAKE, BITCOIN (BTC) FINALLY SECURED THE SHORT-TERM BULLISH TARGET (7,300) WE FIRST MENTIONED IN A POST FROM AUGUST 16TH. This is an important development for a few reasons. First, as detailed previously, the first push through 7,000 failed in part because the other major Cryptos didn’t fully participate in BTC’s rise.  That […]

Bitcoin Through August, 2018

WHILE CRYPTO NEVER SLEEPS, WE CAN STILL MEASURE PERFORMANCE PERIODICALLY.  And with August ending in a few hours, it’s a good time to discuss what’s transpired from a pure price perspective. Bitcoin (BTC) is set to log a monthly decline for the fifth time in the first eight months of 2018.  While its price history […]