Tag: Altcoin Price
Bitcoin Price Diary: Long From $7.3K, Expecting Lower BTC Price
Market Analysis
In my fifth journal entry, I provide updates on my previous Bitcoin (BTC) position, highlight a new BTC position, and discuss a recent altcoin trade on Ankr Network (ANKR).
BTC/USDSetting up the trade
Entries: $7,940, $7,900
Targets: $8,395, $8,949, $9,723
Stop loss: I set the sto..
Bitcoin Price Diary: Losing Small Is Key To Long Term Success
Market Analysis
In my fourth trade journal, I am updating my previous Bitcoin (BTC) position as well as discussing the reasons that I have reentered a new long position on the same asset. I am also highlighting a quick loss on Ravencoin (RVN), which dropped alongside Bitcoin. As I often say, this ..
Bitcoin Price Diary: How REN/BTC Double Bottom Made Me 49% Profit
Market Analysis
In this third installment of my Bitcoin Price Diary, I’ll revisit some open positions which are still in play and review a sizable trade on REN. I also have a position in Bitcoin (BTC) that is still largely open.
As I have said a number of times on Twitter, I believe that it has b..
Altcoins Awakening This Monday as Bitcoin Breaks Resistance
As a new week begins in crypto land a different pattern is forming this Monday morning. After bitcoin spent most of the weekend consolidating above $10k, the altcoins are making all the moves at the moment. Is this a one off or could it be the start of a wider revival for them?
Bitcoin Makes a Move..
Ethereum Price Analysis: Bears Eye Pullback To $190 Support
Ethereum price recently broke out of a period of consolidation as mentioned in my previous analysis on ETH, completing an asymmetrical triangle in favors of the bulls but has since begun a pullback breaking the short-term support. Bears now eye $190 support around the visible range low.
Ethereum Pr..
Litecoin Price Rally Halts Post Halving; What’s Next?
Litecoin, the fourth-largest cryptocurrency by market cap, is struggling to maintain its interim bullish bias after reducing its mining rewards by half.
The LTC/USD instrument earlier today established a local high of 107.04 on San Francisco-based Coinbase exchange. The move uphill brought the pair..
When It Comes to ROI, Altcoins Are No Match For Bitcoin: Analyst
Bitcoin appears to be back on the rise but will altcoins follow? Alex Krüger thinks not.
Bitcoin is King Earlier this week, economist and crypto analyst Alex Krüger tweeted that in his opinion, the majority of altcoins have “become asymmetric bets with an unattractive return profile.”Outside of..
Only 4 Percent Of ‘Top’ Altcoins Did Well Vs Bitcoin Last Year
In a sample of over 150 top altcoins, only 4% had a positive BTC return over the past year. Other than BNB, none of this 4% were even in the top 100 alts a year ago.Bitcoin Has Been Hard To Beat In the sample of 167 leading altcoins chosen by crypto analyst Ceteris Paribus, only 6 performed bette..
Ethereum Price Analysis: ETH Breaks Bullish Uptrend
On the 1oth of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears. Price levels look poised to drop further which will resu..