Bitcoin

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  • This Week in Crypto – 21st January 2022

    First edition back in the new year, and I'm still not accustomed to writing 22 instead of 21, I wonder if you all feel the same way! The time really flies quickly but you know that in crypto world you always count two seconds as one! 🚀CBDCs, FED, and something more… A big topic that did not receive enough attention last year has been CBDCs (central bank digital currencies). However…

  • First Crack Appears on Bitcoin Weekly Chart

    Weekly Below is the weekly bitcoin chart. We have added a triple moving average to gauge the longer-term trend. In this regard, the first crack has appeared. The fast green moving average has crossed below the slow red moving average (aqua ellipse). If the medium-paced orange moving average follows suit and crosses below the red moving average, the weekly chart's moving averages would be lined up in a bearish formation.…

  • Bitcoin Top-Down Analysis – 22 December 2021

    Weekly Using a triple moving average (SMA) system helps to determine trends on charts. If the quick SMA is above the intermediate SMA, and the intermediate SMA is above the slow SMA, it is considered bullish. The more angle and separation between the SMAs, the more bullish the trend. Likewise, if the quick SMA is below the intermediate SMA, and the intermediate SMA is below the slow SMA, the MAs…

  • Bitcoin Hurt by Big PPI Print

    The left chart below shows BTCUSD's daily time frame. Its heiken ashi candle is red and inside of the weak area, between the lower blue and red bands. The daily stochastic is below 20 and indicative of bearish momentum. The right chart is BTCUSD's hourly time frame. The stochastic has turned down and the EMAs are threatening to cross bearishly (aqua ellipses). If they succeed, it will be negative for…

  • How To Trade Bitcoin Futures

    Since its launch circa 2009, Bitcoin (BTC) has been the benchmark of the cryptocurrency asset class. Active crypto traders from Japan to New York have bought and sold BTC in a variety of markets, namely the physical and cash exchanges. Over time, a multitude of new Bitcoin futures products were introduced to the financial world. Market participants are able to trade digital assets on a variety of platforms. The most…

  • Bitcoin’s Weekly Chart Is Still In Uptrend Despite 25% Decline

    Bitcoin is currently trading at $51,000. This is ~26% down from its 10 November high of 60,900. An astounding quarter of its value was wiped out in just under a month. It's also a 50% retracement from its July low (green horizontal). However, in terms of peak and trough analysis and despite its mammoth decline, BTCUSD has a higher trough followed by a higher peak. This is the definition of…

  • This Week in Crypto – 1st of December 2021

    Morgan Stanley accumulate more Grayscale Bitcoin shares Morgan Stanley, one of the largest investment banks in the US, continues to double down with Bitcoin and added more shares of Grayscale's Bitcoin Trust (GBTC) to a number of their funds. In its latest report to the SEC, the company revealed that it increased its Bitcoin exposure while taking advantage of GBTC discount rates. As of writing GBTC discount sits at 12.32%…

  • This Week in Crypto – 17th November 2021

    Record-high inflation and Bitcoin with a new All Time High! During the pandemic, the money printer went berserk, increasing the dollar supply by 35% in only 18 months. Initially, the FED stated that there will be no inflation but shortly after the U.S "Central bank" changed its mind noting that the inflation will be "transitory". Despite the FED's positive overview, it seems that the inflation is here to stay. Last…

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