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5 Bearish Candlestick Patterns Every Bitcoin Trader Must Know

Market Analysis As discussed in a previous article on bullish candlestick patterns, trading using Japanese candlesticks is the most popular method for analyzing price action by crypto traders. There are many patterns worth learning and understanding — some of the most essential bearish patterns ar..

Bitcoin Price Diary: Long BTC and Profitable on Many Altcoin Positions

Market Analysis Trading altcoins continues to be one of the most profitable strategies in the crypto market. The highlight of this week was the MATIC (MATIC) pump and subsequent dump, which I was lucky enough to time perfectly, securing a 60% profit near the all-time high. I closed a number of pos..

Bitcoin Price Must Hit $7.3K to Avoid Bearish Bollinger Band ‘Squeeze’

Market Update Bitcoin (BTC) briefly fell back below $7,200 on Dec. 14 as bearish sentiment continued to pervade cryptocurrency markets.Cryptocurrency market daily overview. Source: Coin360 Bollinger: Bitcoin preparing for next breakoutData from Coin360 showed BTC/USD hit a sharp downturn on Satu..

Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce

Market Analysis The price of Bitcoin (BTC) has headed north over the last 24 hours, up over 1% at $7,272. As a result, each of the major cryptocurrencies has followed the market leader with the total cryptocurrency market cap reaching $198 billion and BTC dominance remaining steady at 67% of the t..

Price Analysis 13/12: BTC, Cryptos Prepare for Possible ‘Santa Rally’

Price Analysis Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as it shows large investors have been accumulating Bitcoin during its ..

Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020

News The price of Bitcoin (BTC) will skyrocket up to $100,000 in the coming year, according to the founder of infamous darknet marketplace Silk Road. In a series of blog posts on Dec. 10, Ross Ulbricht — the founder of now-defunct anonymous marketplace Silk Road — predicted that BTC’s price will r..

Bitcoin Whale ‘Defends’ $7.2K Price With 800 BTC to Win $0.01 in DOGE

Market Update Bitcoin (BTC) price may have spiked throughout the global market on Dec. 12 due to the actions of a single bagholder — trying to win a $10,000 Dogecoin (DOGE) bet. In an ongoing Twitter exchange, a Bitcoin whale known as Joe007 and Dogecoin supporter Samu publicly jostled for suprema..

Ether Price Targets $160 as Altcoins Rally and BTC Trades Sideways

Market Analysis Altcoins continue to take advantage of Bitcoin’s sideways trading and traders who take a quick glance at the altcoin-to-Bitcoin pairings at their exchange of choice will notice that many of the altcoins are again posting double-digit gains. At the time of writing, THETA is up 13.2..

Wall St. to Washington: Bakkt Launches New Products, CEO Joins Senate

Analysis Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project went live with its physically delivered futures, fol..

Can IEO Cryptos Recover After MATIC’s Mysterious 70% Plunge?

Market Analysis One of Binance’s initial exchange offering (IEO) tokens, Matic Network (MATIC), dropped almost 70% on Dec. 10. Meanwhile, other IEOs such as Celer Network (CELR) and Harmony (ONE) also followed suit. Based on the Ichimoku Cloud, MATIC’s trend now sits in jeopardy as CELR and ONE s..

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