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Tag Archives: Investing

Hong Kong Exchange OKEx Rolls Back Futures Transactions

Hong Kong–based cryptocurrency trading platform OKEx announced on March 30 that it was rolling back on all futures transactions due to what executives deemed an “irregular sell-off.” The exchange issued the following statement on its support page: To prevent forced-liquidations due to price differences after the settlements in ‘bi-weekly’ and ‘quarterly’ futures contracts, we will […]

Bitcoin Price Analysis: Bearish Continuation Pattern Could Signal End of Bullish Rally

Over the last couple weeks, bitcoin has seen a dramatic drop in price dropping from $20,000 to $6,000. Shortly after bottoming at $6,000, hopeful investors jumped at the chance to catch a discounted coin. Is this rise sustainable and does it mark the end of the drastic correction? Let’s take a look at the macro […]

Bitcoin Price Analysis: Possible Bear Pennant Suggests End to Market Consolidation

Looking back at bitcoin’s parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 EMAs and the Fibonacci Retracement set from the beginning of the bull market to the top of our current all-time high: Figure 1: […]

Bitcoin Price Analysis: Potential Bearish Continuation Sets Up Lower Lows

Shortly after a sharp drop from the mid $14,000 to the lower $9,000s, bitcoin saw a strong bounce to the upper $11,000s. At the time of this article, bitcoin appears to be consolidating and is ready to make its next move: Figure 1: BTC-USD, 1 Day Candles, Macro View In the previous BTC market analysis, […]

Two New Services Could Help Investors Rate Cryptocurrencies

Increasing interest in cryptocurrencies has led to an influx of new investors. Unlike traditional markets, there are few tools that can help people make informed decisions, a situation that has already begun to claim victims in a particularly volatile environment. In separate announcements, Weiss Ratings and Intercontinental Exchange (NYSE: ICE) have announced the introduction of […]

Bitcoin Price Analysis: Bitcoin Sees Lower Lows as It Drops Below Historic Support

Over the last couple months, we’ve been tracking a potential Distribution Trading Range at the top of bitcoin’s market cycle. Today, we have received higher confidence that bitcoin may have topped out. At around 3:00 p.m. EST, bitcoin broke through the bottom of the trading range and is now seeing aggressive selling as long positions […]

Bitcoin Price Analysis: Choppy Market Conditions Lead to Tests of Parabolic Resistance

The bitcoin market has been getting chopped to pieces for weeks as the market has faked up, faked down, consolidated and routinely stopped out traders. Last week, we discussed a potential large move due to a consolidated symmetrical triangle. However, the breakout failed to garner any momentum and ultimately flopped as the move upward quickly […]

Cardano Lists ADA Futures on BitMEX

Starting on Monday, January 8, 2018, at 8:00 a.m. GMT, the ADA token from Cardano began to be listed on the futures exchange at BitMEX. This makes BitMEX the fifth exchange to list the ADA token since Bittrex did so in October 2017, followed by Upbit, Binance and Coinnest. Cardano, a project of IOHK, was […]